Branch Office/Cluster Office-RAG/CMO (ClassicBranch)/RAG(HO) :

RAG HYDERABAD, CO HYDERABAD

3-6-524 ZEE PLAZA, HIMAYATNAGAR, HYDERABAD, TELANGANA-500003

Date: 19/11/2019

Ref No: 72330001642

MR. PACHIPULUSU SARATH(Borrower) MRS. YERRAGUNDLA MOUNIKA YADAV , (Joint-applicant)

G2 PLOT NO:211/C,RAJUS APPTS, WESTERN HILLS STREET NO:7

HYDERABAD,TELANGANA-500072

Dear Sir/Madam,

Home Loan A/C MR. PACHIPULUSU SARATH , MRS. YERRAGUNDLA MOUNIKA YADAV

In reference to your loan application dated:08/11/2019, We are pleased to communicate our sanction with attached detailed
terms and conditions.

You are requested to go through the terms & conditions of sanction and one copy of the same be signed and returned to us as
an acceptance of the terms & conditions of sanction.

The credit facilities shall be released on compliance of following:

1. Complying with all the terms & conditions of sanction.

2. Executing proper loaning documents as prescribed.

3. Creating effective charge on all the securities in favour of the bank as per the terms of sanction.

4. Creation of a valid registered/equitable mortgage over the property proposed to be mortgaged in the account/Tripartite
Agreement between Builder/Seller, borrower and the bank be made adhearing bank guidlines

In case any clarification is needed, the matter be bought to undersigned.

Yours faithfully,

Signature,

Branch Incumbent/Cluster Head RAG/CMO(Classic Branch)/RAG(HO)

Branch Office/Cluster Office-RAG/CMO (Classic Branch)/RAG(HO)

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 ORIENTAL BANK OF COMMERCE

Branch Office: RAG HYDERABAD

Date: 19/11/2019

TERMS & CONDITIONS OF SANCTION

Name of Borrower
MR. PACHIPULUSU SARATH(Borrower), MRS. YERRAGUNDLA MOUNIKA
YADAV , (Joint- applicant)
Name of the Branch
SRINAGAR COLONY/1123
Name of Cluster Office-RAG /CMO (Classic
Branch)/RAG(HO) CO HYDERABAD
Date of sanction
19/11/2019

(A) Deviations

Particulars Norms as per scheme Deviations/Concessions Remarks

Recommended

(B)Terms of Sanction

Nature of Facility Term Loan-Fresh - PURCHASE OF HOUSE/ FLAT (LOWER MARGIN HIGHER INTEREST)
Amount of Loan `5500000(Rupees Fifty Five Lac(s) only )
Classification Non-Priority as per RBI guidelines
Security EM of Residential Flat Bearing No:402,4th Floor, of SUKHIBHAVA ENCLAVE with a Built Up area of
1085 Sq. Ft Including Common Area and one Car parking in Cellar Together with an Undivided Share
of Land Adm 33.5 Sq Yds, on Plot No:28HIG,Admeasuring 400 Sq yds or 334.44 Sq Mtrs Sy
no:1009,at Phase ,KPHBColony, Kukatpally Village Municipality and Mandal, Medchal Malkajgiri Dist
Personal Guarantee NIL
Rate of Interest RBLR + 0.30 % (Spread) i.e. 8.25% p.a.

at monthly rests

(Presently RBLR is 7.95%)

Penal Interest @ 2.00 % over & above the applicable rate shall be charged for the irregular amount
and for the period of irregularity.

For Loan above Rs.5.00 lacs, Bank shall charge Rs.250/- +applicable taxes for each default of
instalment
Intimation of change in The borrower(s) shall be deemed to have notice of changes in the rate of interest whenever there are
Interest Rate changes in RBLR(due to change in Repo Rates by RBI) either increase or decrease in the interest.
By display of RBLR on the website of the Bank/Notice Board of the Branch or published in news
papers or made through entries of the interest rate charged in the passbook/statement of account
furnished to the borrower and the borrower is liable to pay such revised rate of interest.
Moratorium period 8 months from the date of first disbursement
Margin 21.43%.The borrower shall contribute margin / the difference of loan amount and purchase price,
before release of the loan.
Process Fee ` 22500 + Taxes.
Bounced A penalty of Rs 250/- + Taxes will be charged for every bounced cheque/ECS/NACH or SI dishonors
cheque/ECS/NACH/ or SI related to payment of EMI. The rate may vary from time to time.
dishonours:-
Repayment Schedule a) The loan shall be repaid in 352 EMI of ` 41537.00 each commencing from next month of end of
moratorium period. The installment amount may vary from time to time on the eventuality of changes
in our RBLR .

b) The accrued monthly interest shall be served in the first week of following month, during the
moratorium of 8 months.
c) Moratorium period - 8 months from the date of first disbursement.

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Disbursement Schedule A. The payment shall be made as per demand schedule of the Vendor BANGARU VENKATA
NARSIMHA RAO AND SRIKAKULAPU KASI VISHWESHWARA RAO AND KOTHA NAGA AJAY
ANAND AND GUDIVADA SAJAN, directly through Demand Draft/ RTGS/ NEFT after obtaining
requisite margin from the borrower.
B. The cost of registration expenses (If allowed, as per Bank guidelines) shall be released in
consultation with the Bank's advocate at the time of registration of the flat/house /residential property.
Insurance The immovable property/flat/house shall be got insured under agreed bank clause. The insurance
premium shall be borne by the party.
Inspection The immovable property /flat /house shall be inspected by Bank Official on half-yearly or oftener on
irregular interval with prior intimation to the party. The party will authorize the bank officials to conduct
such inspection.
Prepayment penalty NIL
Specific Terms 1. The following charges shall also be recovered:
2. IDV Charges - Rs. 200/- + GST.
3. CERSAI Search and Registration Charges - Rs. 130/- + GST.
4. Legal Vetting Charges - Rs. 1,000/- + GST.
5. Cost of Insurance of House - Rs. 14,000/- is to be borne by Applicants.
6. MOD to be Registered in SRO.
7. Cost of certified Copy of Sale Deed - Rs. 500/-
Branch Specific Terms NIL

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Others 1. Prior to release of facility, the Cluster RAG / Classic Branch shall ensure that a fresh search
certificate cum legal opinion be obtained from the Bank's panel advocate confirming that the requisite
search has been made in the books of registrar and the builder has derived the right to sell /
ownership to execute agreement to sale in favour of subject borrower (if applicable).
2. A fresh valuation certificate be obtained from the Bank's empanelled valuer, confirming that the
valuation is equal to or more than the present valuation of immovable property (if applicable).
3. Prior to release of facility, the Cluster RAG / Classic Branch shall ensure that all the documentation
formalities are completed and mortgage documents are obtained as per the directives of the advocate.
Documents shall be got vetted from the Bank's legal retainer. In all cases of credit facilities by way of
Fresh/Enhancement/Adhoc irrespective of the amount, the disbursement of the credit facilities shall be
made only after clearance of BCC by the competent authority. The Branch/ Cluster shall disburse
credit facilities if and only if the BCC has been cleared by the competent authority (without subject to
adherence of certain Terms & Conditions). For compliance of term & conditions which cannot be
complied prior to disbursement (such as obtention of JRC, Insurance in case of vehicle loan and
charging of securities in case of takeover of borrower accounts) certificate of compliance of all such
term & conditions shall be submitted immediately after stipulated time period.
4. Prior to release of facility, a letter of declaration from the sellers and the borrower shall be obtained
that the said property is not subject to any charge/lien to any Bank/ Financial Institution / Authority and
the Society and (i) Borrower has not raised any loan against the said flat/house/plot/residential
property (ii) The said flat/house/plot/residential property is not located in an unauthorized colony (iii)
That the said flat/house/plot/residential property is for residential use and shall not be used for
commercial purpose.
5. Prior to release of credit facility, the Cluster RAG/Classic Branch shall ensure that the proposed
residential property is in conformity the applicable statutory/non statutory and regulatory guidelines
applicable to the project. An affidavit cum undertaking be obtained from borrower that the built up
property has been constructed as per the sanctioned plan and /or building bye laws. Architect's
Certificate in this regard shall also be obtained.
6. The borrower shall during the entire currency of the loan, maintain the house in good condition at
his own cost and keep the same free from all encumbrances, pay all taxes and other statutory dues
and that he/she/they will permit any representative of the Bank to inspect the property from time to
time at the Bank's option/discretion with advance intimation to the Borrower(s).
7. The Cluster RAG / Classic Branch shall obtain ECS/NACH/SI/auto collection procedure from
operative account of the borrower(s) for recovery of EMI from the borrower(s).
8. The Cluster RAG / Classic Branch may also explore the possibility to obtain Group Secure Scheme
(GSS) in the captioned case to safeguard the loan.
9. The terms of Central Registry System communicated vide H.O. Circular no. HO/RMD/70/2014-
15/860 dated 30.01.2015 and amendment thereafter shall be meticulously complied with by the RAG
Cluster/ Branch.
10. All other undertaking as per Annexure 'A' shall be obtained and other conditions as per Annexure
'B' shall be duly complied with.
11. All conditions as per NEC from empanelled advocate and the valuer of the Bank to be complied
with.
12. In case of shifting of credit facilities to any other Bank/Financial Institution, in addition to levying
pre payment charges, all the concessions in Rate of Interest and Services Charges granted in all the
credit facilities shall be withdrawn ab-initio and the same shall be recovered at the time of shifting
credit facilities from our Bank to any other Bank/Financial Institution
13. All other conditions as issued by Head Office vide Circular No.HO:Retail:58:2017-18:978 dated
26.02.2018 and Circular No.HO: Retail:25:2019-20 :427dated 21.08.2019 pertaining to the above
scheme / loan and amendments thereafter shall strictly be complied with.
14. If you are eligible for CLSS PMAY Subsidy, submit the requisite undertaking to lodge/claim the
subsidy.
15. The interest rate linked to RBLR will change upwards or downwards as the case may be, in line
with movement of the Repo Rate.
16. Subsequent to change in Repo Rate, RBLR will be changed from next working day.
17. The spread fixed at the time of first disbursement in home loan will remain fixed for the entire tenor
of the Home Loan, subject to the credit profile of the borrower does not undergo a substantial change,
as agreed upon in the loan contract. Bank will generate CIBIL score every three years for the existing
borrowers to determine the credit profile of the borrower. Spread may be adjusted accordingly.

Branch Manager/Cluster Head

Branch/Office : RAG HYDERABAD

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 ANNEXURE 'A'

VARIOUS UNDERTAKINGS TO BE OBTAINED FROM THE BORROWER ON LETTER PAD

The branch shall obtain suitable undertakings from the borrower with regard to the following:

1. The names of Borrowers do not figure in any list of defaulters circulated by RBI or any Bank and Financial Institution nor their names as
partners/directors appear in caution list issued by RBI/ECGC/DGFT etc.

2. That all required Statutory and/or Regulatory permissions or guidelines from local or other competent authorities have been obtained (as
applicable).

3. An undertaking shall be obtained from the borrowers (mortgager) that no dues of tax are outstanding against them.

4. To issue appropriate undertaking / affidavits / certificates as the Bank may require from time to time certifying that the funds comprising of
entire amount of loan / facility / sum due / amount outstanding in the account have been used exclusively for the purpose for which they were
obtained and the same have not been diverted / siphoned and no misrepresentation has been caused of any kind or accounts falsified/any
fraudulent transaction have been carried out etc.

5. To keep the Bank informed of the happening of any event likely to have a substantial effect on their income.

6. Not to create any further charge, lien or encumbrance over the assets and properties of the company to be charged to the bank in favour of any
other bank, financial institution, Company, firm or person.

ANNEXURE 'B'

OTHER GENERAL TERMS & CONDITIONS OF SANCTION

1) Satisfactory CRs shall be obtained from other Banks from whom the borrower/ associates are enjoying / sanctioned credit facilities and it shall
be ensured that the account is a Standard Asset with them, before release of limit.

2) An undertaking shall be obtained from the owners of the properties mortgaged to the Bank that there are no arrears of tax including interest
leviable thereon under various provisions of Income Tax Act, against them.

3) All statutory and/or Regulatory permissions or guidelines from local or other competent authorities shall be obtained by the branch/borrower (as
applicable).

4) Advance / Facility sanctioned shall be used for the specific purpose for which it is sanctioned and not for any other purpose. End use of the
funds/facility shall be ensured by the Branch.

5) In terms of HO Circular No.HO/R&L/14/2001-02/355 dated 09.02.2002, an affidavit and undertaking about the names, age and address of legal
heirs of the borrower / obligants / guarantors shall be obtained, which shall be recorded and updated from time to time.

6) In terms of HO Circular No.ADV/17/2004-05 dated 29.05.2004 necessary documents / declaration from the borrower/guarantor pertaining to
Credit Information Bureau of India (CIBIL) shall be obtained.

7) The credit facilities sanctioned to the borrower should be availed within a period of six months of the date of sanction failing which the sanction
shall lapse.

8) Bank reserves the right to withdraw the sanction at any time in case any new facts etc come to light.

9) It shall be ensured that all the papers obtained from the borrower /( in pre and post sanction phase) are duly signed by the authorized
signatory.

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