Ummeed Housing Finance Pvt. Ltd.
SANCTION LETTER
Date: 09-12-2024
Applicant Name: AMIT SAHU
Co-Applicant Name: RANI SAHU
SCHOOL OF EXCELLENCE KE PASS, SCHOOL OF EXCELLENCE KE PASS, SCHOOL OF
Address: EXCELLENCE KE PASS, 464221, MADHYA PRADESH
Ref: Your application for HOME LOAN - Top up with Ummeed Housing Finance Pvt. Ltd.
Please note your Deal no. is: 00103205
Dear Sir/Madam,
Thank you for choosing Ummeed Housing Finance Pvt. as your partner for loan. With reference to the above application, we are
pleased to inform you that we have sanctioned you a loan facility as per terms and conditions mentioned below and overleaf.
Sanctioned Amount (In Rs.) 340,000 Type Of Loan Top up
Loan Tenure (Months) 240 Interest Type Fixed
Ummeed's Reference
21 Margin /Spread 0.395349
Rate(URR)
Rate of Interest (Calculated
15.25% Sanction Letter Validity 09-03-2025
at Monthly Rate)
Equated Monthly Instalment Property Insurance Premium
Rs. 4,540 1,886
(EMI In Rs.) Amount(In Rs.)
Life Insurance Premium Credit Shield Insurance
6,788 Not Applicable
Amount (In Rs.) Premium Amount (In Rs.)
Religare Insurance Premium
0 Mode of Payment NACH
Amount ( In Rs. )
Total Processing Fee 2,006 Prepayment Charges As Applicable
Document and Service Total Exposure Amount (In
6,820 850,000
Charges Rs.)
Detail of Property/Address 1. ,Ward No. 08, P.H.N 42 Near Excellence school,Ganj basoda Tahsil Basoda
of Property distt.vidisha.464221``
Sanction condition if any :
1. Construction Estimate Cost to be considered up to Rs. 800.
2. Positive Legal and Technical Clearance Required before FA
3. Current year khasara
4. Diversion Order
5. Latest ptr
6. Notarised ATS
7. Positive Technical
8. Estimate to be signed by customer
9. Pic of customer/seller required standing in front of the property
10. Self-declaration from customer required regarding ownership of the property with pic of property to be affixed in it
Page 1 of 5
Ummeed Housing Finance Pvt. Ltd.
Regd Off : 318, DLF Magnolias, Sector 42, Golf Course Road, Gurgaon - 122002, Haryana | Corp.Off: Unit No. 809-815, 8th floor, Tower - A,
Emaar
Digital Greens,
Golf Course Extension Road, Sector-61, Gurugram - 122102 , Haryana | Haryana Phone :0124 - 4836480 | Toll Free No.18002126127
Ummeed Housing Finance Pvt. Ltd.
11. Positive Legal Required with consent of Sarfaesi Applicable or not
Applicant Name / Co-Applicant Name Name Signature
Applicant Name AMIT SAHU
Co-Applicant Name RANI SAHU
Page 2 of 5
Ummeed Housing Finance Pvt. Ltd.
Regd Off : 318, DLF Magnolias, Sector 42, Golf Course Road, Gurgaon - 122002, Haryana | Corp.Off: Unit No. 809-815, 8th floor, Tower - A,
Emaar
Digital Greens,
Golf Course Extension Road, Sector-61, Gurugram - 122102 , Haryana | Haryana Phone :0124 - 4836480 | Toll Free No.18002126127
Ummeed Housing Finance Pvt. Ltd.
Terms & Conditions:
1. The term 'Applicant' shall also include all co-applicants where in applicable, except where the context implies otherwise and all
references to the Company or UHF shall mean Ummeed Housing Finance Pvt. Ltd. unless the context implies otherwise.
2. This letter of offer is valid as per policy, irrespective of any terms being modified during aforesaid period.
3. This letter should not be constructed as giving rise to any binding obligation on the part of the Company to provide the financial
assistances/facilities, mentioned overleaf. Unless the applicant has duly executed agreement and other transaction documents, in a
form and manner as may be required by the Company from time to time including creation of the security.
4. The sanction is subject to legal scrutiny of title deeds/ documents and technical valuation of the property proposed to be
mortgaged. The stand of the Company regarding title and value of property shall be considered final for the purpose of
disbursement of the loan.
5. The applicant will create an Equitable Mortgage (Mortgage by Deposit of Title Deeds )/ Registered Mortgage of the property as
may be stipulated by the Company at its sole discretion. The Loan will be secured by first mortgage of the property proposed for
availing this loan and / or such other security as Ummeed Housing Finance Pvt. Ltd. may find necessary and acceptable. Such
documents/report/evidence as may be required by Ummeed Housing Finance Pvt. Ltd. shall be produced to ascertain that the
property to be mortgaged with Ummeed Housing Finance Pvt. Ltd. has a clear and marketable title. The original title deed/s of the
property(ies) proposed to be mortgaged shall be deposited by the applicant with the Company for securing the loan which shall
remain with the company till the dependency of any of the Loan and/or its interest etc.
6. Any other document as suggested by legal shall be provided by the applicant before disbursal of the loan facility without which
the company shall have the right to refuse the disbursement of the Loan or any part thereof and any processing charges as might
have been received till such time shall stand fortified.
7. Loan will be disbursed in stages on the basis of work progress certificate/report of the technical values (in case of construction)
and directly to the seller (in case of purchase) OR the Financial Institution (in case of transfer or foreclosure from other banks or
financial institutions) or borrower (in case of refinance or Loan against property)on the request from the borrower.
8. The loan will not be disbursed in part or full until own contribution (margin) has been paid in full .i.e. the cost of the dwelling unit
less loan sanctioned by UHF.
9. The applicant shall be required to inform Ummeed Housing Finance Pvt. Ltd. in writing about any changes in correspondence
address, change in employment, loss of job, business, profession, as the case may be immediately after such change/loss , notify
the causes of delay, loss /damage to the property, notify the additions/ alterations to the property.
10. The borrower is prohibited from using the loan amount or any part thereof for any purpose other than for which it has been
sanctioned.
11. The loan amount has been fixed, inter alia on the assumption that the cost of the dwelling unit to be purchased or constructed
will be as estimated in the application. In the event of the cost actually incurred being less, Ummeed Housing Finance Pvt. Ltd.
reserves the right to suitably reduce the loan amount.
12. Notwithstanding anything stated elsewhere in this letter or otherwise, the facilities mentioned overleaf will be available solely at
Company's discretion and subject to compliance of all formalities and documentation as maybe specified /required by the
Company. In the event of any non-compliance of/with the same, all the fees paid to Ummeed Housing Finance Pvt. Ltd. will be non-
refundable.
13. Acceptance of this letter is a confirmation that, the applicant has read and understood the contents as mentioned a foresaid and
it also confirms that the applicant has not been promised any free gifts/discounts or any other commitment whatsoever which is not
documented in the loan agreement with the Company. It is further confirmed that no cash/ bearer cheque has been collected from
the applicant with respect to the loan.
14. UHF may revoke in part or in full or withdraw/stop financial assistance at any stage without any notice or giving any reasons for
any purpose whatsoever. Without prejudice to the foresaid this sanction shall stand revoked in the event of any material change in
the proposal/application/facts on the basis of which the loan has been sanctioned.
15. The rate of interest indicated above is the current rate of interest applicable on the loan. The actual interest rate chargeable on
the loan would be as per prevailing on the date of disbursement of the loan.
Page 3 of 5
Ummeed Housing Finance Pvt. Ltd.
Regd Off : 318, DLF Magnolias, Sector 42, Golf Course Road, Gurgaon - 122002, Haryana | Corp.Off: Unit No. 809-815, 8th floor, Tower - A,
Emaar
Digital Greens,
Golf Course Extension Road, Sector-61, Gurugram - 122102 , Haryana | Haryana Phone :0124 - 4836480 | Toll Free No.18002126127
Ummeed Housing Finance Pvt. Ltd.
16. The rate of interest applicable to the facilities (sanctioned on Floating Interest rate) shall be as per UHF URR prevailing on the
date/s of disbursement. The Company shall review and, if considered necessary, revise the UHF URR at any time and from time to
time as per its policy, market conditions and/or applicable laws and regulations, if any during the tenor of the loan at its sole
discretion.
17. In case of any revision in rates as mentioned in above clause, EMI amount and/or tenure of repayment may be varied at the
sole discretion of the company.
18. The EMIs, Pre EMI interest are to be paid on or before 5th (fifth) day of every month for the said month and in case that day is
a Sunday or public holiday then on the immediate preceding day.
19. All the loans linked to each other and related property documents will not be released till the time,all the loans are closed in the
books of UHF.
20. A loan agreement on terms acceptable to UHF and other documents in relation thereof shall be executed by the borrower. The
terms in the loan agreement shall supersede all previous communications in respect of the finance facility.
21. All payments to be made in favour of "UMMEED HFPL COLLECTION A/c".
22. Security should be fully insured for all the risks and charges and UHF should be noted on the policy at borrower’s cost.
23. Insurance is a subject matter of solicitation and cannot be sold. Any Violation, please report to UHF.
24. All statutory levies like Stamp duty, Registration Charges fee or taxes applicable from time to time will have to be borne by the
applicant .In addition to the Stamp Duty, Registration Charges, the applicant is also required to pay to UHF the charges paid to
CERSAI for Creation/Modification of Charge/Satisfaction of Charge, as applicable from time to time. The applicant is also required
to pay other applicable charges as per the UHF tariff schedule updated/as may be updated on UHF website www.ummeedhfc.com
from time to time.
25. If the monthly instalments or any other payment/s due are not paid on or before the due date a substitute interest of 2.5% p.m.
shall be charged for the period of default with compounding at monthly rests. Failure to send notice for payment or deposit of post
dated cheque shall not serve as a reason for non-payment of monthly instalments.
26. All insurance policies are effective from the date of certificate issuance.
27. Apart from these General Terms and Conditions, special conditions (if any) as written in the main sanction prevail.
28. The applicant acknowledges that changes in the benchmark interest rate/ Ummeed Reference Rate (URR) may impact the
loan, potentially resulting in modifications to the EMI and/or loan tenor. Any such adjustments will be promptly communicated
through appropriate channels by the Company. The applicant understands and agrees that the Company's stand regarding the title
and value of the property, as well as any subsequent changes in EMI/tenor, shall be considered final for the purpose of
disbursement of the loan.
29. The borrowers shall be provided with the flexibility to exercise the following options during the tenor of the loan: (i) Opt for
enhancement in EMI or elongation of tenor, or a combination of both options; (ii) Choose to prepay, either in part or in full, at any
point during the tenor of the loan. The levy of foreclosure charges/pre-payment penalty, if applicable, shall be subject to extant
instructions. The borrowers will be duly informed about the implications of these choices, and any resulting adjustments to EMI or
tenor will be communicated promptly through appropriate channels.
30. All applicable charges for switching loans from floating to fixed rate and any other service charges/administrative costs
incidental to the exercise of the options mentioned above are transparently disclosed in the most important terms and conditions
(MITC) documents annexed with this sanction letter and on the company's website at https://ummeedhfc.com/en/company-policies.
The Borrower acknowledges that these charges and costs may be revised or updated by the Company from time to time. The
Company will notify the Borrower of any such revisions or updates through appropriate channels and will update the information on
the website. The Borrower agrees to visit the website of the company upon receiving notifications to stay informed about any
changes in charges or costs.
31. The Company is committed to releasing the original property documents and removing charges registered with any registry
within 30 days of full repayment, provided there are no pending dues from the Borrower. Upon settlement of all dues and upon
receiving a written request from the Borrower, the Borrower can opt to collect the documents from the HUB office nearest to their
location or the branch where the loan was serviced. A list of such HUB offices will be promptly notified to the Borrower upon
Page 4 of 5
Ummeed Housing Finance Pvt. Ltd.
Regd Off : 318, DLF Magnolias, Sector 42, Golf Course Road, Gurgaon - 122002, Haryana | Corp.Off: Unit No. 809-815, 8th floor, Tower - A,
Emaar
Digital Greens,
Golf Course Extension Road, Sector-61, Gurugram - 122102 , Haryana | Haryana Phone :0124 - 4836480 | Toll Free No.18002126127
Ummeed Housing Finance Pvt. Ltd.
fulfilment of all obligations.
Yours Truly,
For Ummeed Housing Finance Pvt. Ltd.
Authorized Signatory
I/We accept the terms and conditions of this Sanction Letter.
Page 5 of 5
Ummeed Housing Finance Pvt. Ltd.
Regd Off : 318, DLF Magnolias, Sector 42, Golf Course Road, Gurgaon - 122002, Haryana | Corp.Off: Unit No. 809-815, 8th floor, Tower - A,
Emaar
Digital Greens,
Golf Course Extension Road, Sector-61, Gurugram - 122102 , Haryana | Haryana Phone :0124 - 4836480 | Toll Free No.18002126127
