SUPPLEMENTARY LOAN AGREEMENT

THIS SUPPLEMENTARY LOAN AGREEMENT is made between Sri………………………………………………….{name of the

borrower (s)} at ……………………………………………………………………..., hereinafter called ‘the borrower” (which
expression shall include unless the context otherwise requires his heirs, executors, administrators and assigns)
of one part and PNB Housing Finance Ltd, a company registered under the Companies Act,1956 and having its
th
registered office at 9 Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg. New Delhi and one of its branches
at …………………………………………………………………………………... Hereinafter called “PNBHF” (which expression shall
unless the context otherwise requires include its successors and assigns) of the other part.

WHEREAS the borrower has already availed a loan of Rs. ………………………………………………………………………………

From PNBHF on the terms and condition including rate of interest to be charged on such loan, as contained in
Loan Agreement executed between the above parties on ……………………………………………… and guaranteed by
Sri …………………………………………………….and Sri ………………………………………..vide guarantee agreement
dated………………………..

WHEREAS the borrower has now approached PNBHF for reschedulement of account/reduction in rate of
interest under “Flexi Apna Ghar Yojna” and assented to change the terms of loan and /or to charge interest
etc.etc. as applicable as per the scheme “Flexi Apna Ghar Yojna”.

WHEREAS the borrower has already complied with the prerequisite terms and conditions for the
reschedulement of account / reduction in rate of interest, as applicable to the scheme and is further ready
and willing to comply with other conditions, if any, and to execute additional documents, whenever so called.
Including this supplementary loan agreement.

AND WHEREAS the Borrower hereby acknowledges, admits and accepts liability to repay both principal along
with interest, the outstanding of Rs. …………………………………………………………………………
(Rupees …………………………………………………………………………….. only) as on …………………………………………..in respect
of above loan. This supplementary loan agreement witnesses as under:-

Reschedulement of Account:-

1. That the borrower agrees to pay Rs. ………….. ………… as EMI (Equated Monthly Installment) for a
period of ……………… months from ………………………..The first EMI shall start from the month
of ………………………………
2. That the borrower shall observe all the terms and conditions of this Supplementary Loan Agreement,
which are part and pareel of the terms and conditions of the loan agreement dated ………………….
Executed by the Borrower (s).

Reschedulement for reduction in rate of interest at PNBHFR:

1. That the applicable rate of interest shall be @ …………………………... p.a. with monthly/quarterly rests.
2. That the borrower agrees to pay Rs…………………….. as EMI ( Equated Monthly Installment) for a period
of ………………………………….months from ……………………..…………..The first EMI shall start from the month
of ……………………………………..
3. That the borrower shall observe all the terms and conditions of the Supplementary Loan Agreement.
Which are part and parcel of the terms and conditions of the loan agreement.
4. That in the eventuality of single default in EMI or non-fulfillment of any of the terms and condition.
PNBHFL shall have exclusive right to charge rate of interest as applicable prior to the reschedulement
and to debit the same without any reference to the borrower, treating that there is no
 reschedulement for reduction in rate of interest at PNBHFR and the borrower shall not be entitled for
any relief/further relief in respect to the account.
5. That the rate of interest shall be floating rate of interest and having linkage to PNBHFR, to be
declared/resettled from time to time. The rate of interest applicable in the account after
reschedulement will be fixed percentage point above to the PNBHFR, subject to minimum @ ……… p.a.
with monthly/quarterly rests.
6. The borrower agrees and understands that the declared/resettled PNBHFR may also have the upward
trend. The borrower agrees that in the eventuality of upwardly trend of PNBHFR and where the
chargeable rate of interest is to be refixed, PNBHFL shall have exclusive right to charge the upwardly
rate of interest. The borrower waives to put-on any notice while charging the upward rate of interest.
7. That the terms of this Supplementary Agreement will be addition to the other terms and conditions of
Loan Agreement dated …………………………………….executed by the Borrower.

In witness whereof the parties above named have hereunto set their hands on this ……………………………………day
of ……………………………the year ……………………………..

For PNB Housing Finance Ltd

Borrower (s)

Authorized Signatory