Repco Home Finance Limited

(Promoted by Repco Bank - [Link] India Enterprise)

[Link]: No.33,North Usman Road,[Link],Chennai - 600 017

[Link]: 3rd Floor,Alexander Square,No.2, Sardar Patel Road, Guindy, Chennai

Branch: Dwaipayan's UCP-018 ,Ambedkar Sarani,, Ambuja Commercial Complex,City

Centre,Durgapur,, West Bengal-713216, Hyderabad, Telangana, India

Loan Sanction Letter

Application No.: 302864 Date : 28-12-2025

1) a) Name of the Borrower CHAND KHAN

1. Mrs. RUKSHAR BEGAM

b) Address SUBHAS PALLY, V.K NAGAR MAMC,

DURGAPUR HEAVY ENGG PLANT,
Paschim Bardhaman,
West Bengal,
India - 713210

2) a) Purpose of Loan LAP / Prosperity Loan

b) Loan Amount Rs. 13,20,000 ( Rupees Thirteen Lakhs Twenty Thousand only)

c) Insurance Amount Rs. 27,644 ( Rupees Twenty-Seven Thousand Six Hundred Forty-
Four only)

d) Total Amount Rs. 13,47,644 ( Rupees Thirteen Lakhs Forty-Seven Thousand Six
Hundred Forty-Four only)

3) Name of Guarantors

4) Security

Registered Mortgage / Unregistered Equitable Mortgage of the following property / ies offered as security
for the loan.

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 ALL THAT PIECE AND PARCEL OF LAND MEASURING 3.0195 DECIMALS CONVERTED AS
BASTU, LYING AND SITUATED AT MOUZA- FULJHORE, JL NO.107, LR KH. 7946,8068, RS PLOT
NO.417, LR PLOT NO.5577, PS- NTPS, DISTRICT- PASCHIM BARDHAMAN, WITHIN THE AMBIT
OF DURGAPUR MUNICIPAL CORPORATION, IN THE NAME OF CHAND KHAN & RUKSAR
BEGAM, BUTTED AND BOUNDED BY : AS PER DEED :
ON THE NORTH - JHARNA DUTTA,
ON THE SOUTH - NABA GHOSH,
ON THE EAST - 6 FEET WIDE ROAD,
ON THE WEST - SARKAR BABU.

5) Rate of Interest - (Floating)

i) Rate of Interest of the loan shall be 16.00% per annum and Loan with interest is repayable in Equated
Monthly Installments.

ii) In case of default in repayment of loan, Penal charges@ 24% per annum with applicable GST will be
levied on overdue Equated Monthly Installment.

iii) The rate of Interest is linked to the Minimum lending rate (MLR) of RHFL as prevailing on the date of
disbursement (presently 10.00 % p.a) and is subject to change with interest reset once in 3 months from
date of availing the loan. In case of upward revision in MLR,the borrower shall pay interest at enhanced
rate of interest and accordingly the EMI/ Repayment period will be altered.

iv) For loans Sanctioned at rate of interest lesser than the MLR of the Company, RHFL reserves the right to
revise the spread at the time of reset to ensure that the effective rate of interest is more than the weighted
average cost of borrowings of the Company.

v) During reset of Interest rates in floating rate loans because of revision in MLR, a one-time option is
available to switch over to fixed rate of interest by paying a switch over fee of Rs 3000/- + GST. The
switchover option (available on each revision in MLR) shall be exercised by the borrowers only once
during the tenure of the loan.

vi) In case of borrowers who have availed Home Equity/Commercial/Prosperity loans opt for fixed rate, then
applicable pre-closure /foreclosure charges as mentioned in point 24 will be collected.

6) Repayment Period

i) The loan is repayable in 180 Equated Monthly Installments @ Rs. 19,794

ii) Generally,Repayment of Equated Monthly Installments commences from succeeding month in which the
final disbursement is [Link] the loan is fully disbursed, only interest is payable every month by the
borrower on the outstanding amount disbursed.[Pre-EMI]
However, for loans in which single disbursement is made in full (i.e in a single tranche) on the last day of
the month, then repayment of Equated Monthly Installments will commence from first day of next month
of the succeeding month in which the disbursement is made. Till such time, only interest is payable by the
borrower on the outstanding amount disbursed. [Pre-EMI].

iii) In case of construction, the EMI will commence succeeding the month of completion of construction or 18
months from the date of 1st disbursement, whichever is earlier.

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 iv) The due date for payment of Pre-EMI/Monthly Installment/EMI is last day of the respective month i.e
a) 30th of every month in case of April, June, September & November
b) 31st of every month in case of January, March, May, July, August, October & December &
c) 28th or 29th of every month in case of February as the case may be

7) Release Schedule

i) The loan amount will be disbursed in stages depending upon the progress of construction as detailed below

a) 20 % for basement work ;

b) 20 % for after basement completion and for lintel level completion work ;
c) 30 % for completion of roof ceiling ;
d) 20 % for completion of plastering, flooring etc ;
e) 10 % for completion of the building (will be released only after receipt of final valuation report);

ii) For purchase of flats or ready built house , loan amount will be released directly to the vendor - Mr./ Mrs./
Ms. _____________________

8) All additions to the mortgaged property will also become part of the security for the entire loan.

9) The borrower shall maintain mortgagaed property in good condition. the borrower should undertake periodical
Repairs to the premises mortgaged

10) In the event of failure to carry out any repair RHFL may itself do or cause them to be done and incur the
expenditure necessary [Link] expenditure so incurred will be recovered from the borrower with interest
there on.

11) The borrower should pay all taxes, fees charges etc.,to the Statutory Agencies regularly . Incase of failure by the
borrower the RHFL will at its discretion pay the taxes etc., and recover the same from the borrower with Interest
there on.

12) The borrower should produce NIL Encumbrance certificate till date of disbursement. Encumbrance Certificate to
be produced every year. In case of failure by the borrower the RHFL will at its discretion obtain the EC and
Debit the charges to the loan account.

13) The borrower should not borrow from any other source / Bank / Financial Institution without prior written
consent from the RHFL.

14) RHFL has every right to inspect the property mortgaged at any time during the pendency of the loan.

15) The loan is sanctioned subject to the terms and conditions contained in the documents to be executed by the
Borrower / Guarantor.

16) The borrower shall produce latest copy of the property tax paid receipt and Electricity paid receipt

17) All the original documents of the property offered, as security shall be deposited with the RHFL before release of
loan.

18) The mortgager / borrower shall not lease / let out the mortgaged property without the prior written consent from
RHFL.

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 19) The borrower shall remit the following amount before release of loan, with service tax as applicable from time to
time.

a. Processing & Administration fees. Rs. 26,400 /-

20) RHFL reserves to itself the right to modify or alter amend the terms and conditions and also to stipulate
additional or new terms and conditions from time to time.

21) The borrower should accept the above terms and conditions within 10 days from the date or receipt of this Loan
Sanction order and should execute necessary documents.

22) This Loan Sanction Order is valid for 60 days from date of sanction

23) No charges for lump-sum pre-payment from own sources during the currency of the loan.

24) Pre-closure/foreclosure charges are applicable for all fixed rate Home equity/Commercial/Prosperity loans and
will be collected @ the rate of 2% on the balance outstanding as on the date of closure for all loans that have not
completed half of the sanctioned tenure.

25) Terms and Conditions

1. After creation of Mortgage and MOD if applicable Registered in favour of RHFL, Loan amount to be
released to the applicant.
2. Up-to-date EC/Search to be obtained with an entry of Company's charge reflected in the EC/Search
before release.
3. Property tax, Water charges, Electricity charges and Sewerage Taxes shall be paid upto date / Latest tax
receipts to be collected before release of loan.
4. End utilization of the loan amount shall be ensured.
5. Indemnity cum undertaking to be obtained from all the borrowers as per the format mentioned in the
[Link].09 /2018/RHFL/Credit -4.
6. The genuineness of title deeds shall be verified with the Local SRO and ensure that the documents
produced for Mortgage are genuine in nature. All the four boundaries should be checked with regard to
sale deed, Panel Valuer report and legal opinion after conducting inspection and should confirm the
boundaries are correct.
7. CERSAI search to be conducted before release of loan and if any subsisting mortgage/discrepancies
observed, branch should stop disbursement/release of loan amount.
[Link] Original building plan and planning permit shall be obtained and kept along with loan documents.
9. Administrative Fee and Processing Fee to be charged as per BDD mail.
10. Branch to ensure that Property insurance are taken as advised in [Link].20/2017 dated 01.06.2017.
11. Indemnity cum undertaking to be obtained from all the borrowers as per the format mentioned in the
Cir. No.09/2018/RHFL/Credit -4.
[Link] Existing Business Loan with indusind of Rs.1 lakh && Business Loan with indusind of Rs.2.90 lakh
&& Business Loan with indusind of Rs.1.50 lakh && Personal Loan with Hero Finance of Rs.97,533/- &&
Two wheeler Loan with Bajaj Finance of Rs.73,000/- && Mudra Loan with BOI of Rs.1.80 lakhs availed by
the applicant/co-applicant should be closed and closure proof to be collected and kept on record before
second disbursement.
All legal opinion conditions to be complied with.

All the Legal Opinion conditions to be compiled.

26) Timeline for return of Property Documents on closure of loan

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 a) The documents shall be collected within 21 days from the date of closure of loan. RHFL shall make all
endeavors to remove the charge registered with any registry within a period of 30 days from the date of
closure of loan.

b) The documents shall be collected from the Branch where the loan account was serviced. In case of any
unforeseen circumstances, RHFL shall, at its discretion decide on requests from Borrowers for collection of
documents from any other Branch/Office of RHFL.

c) In case of delay in releasing of property documents or failing to file charge satisfaction form with relevant
registry beyond 30 days after closure of loan, RHFL shall communicate to the borrower the reasons for such
delay.

d) RHFL is not liable for payment of any Compensation whatsoever in cases where the delay is attributable to
the Borrowers or due to events beyond the control of RHFL.

e) The operational Guidelines for return of property documents are available in our website
[Link].

Insurance

1. I/We agree and confirm that the purchase of any insurance product(s) through Repco Home Finance Limited
(RHFL) is a voluntary decision and the same is not compulsorily linked to any services/facility provided by
RHFL.

2. I/We further agree and confirm that I/We have been fully informed about all the terms and conditions of the
Insurance products that are offered through RHFL and I/We, am/are free to opt for any Insurance product which
may deem fit, as per our choice and requirements

3. The total Insurance premium amount reflected in this Sanction letter is computed based on the Insurance
product(s) specifically opted by me/us and the breakup of the premium is as in the table

4. I/We am/are also aware that I/We are entitled to purchase any Insurance product other than through RHFL to
comply the requirements of any of the terms and conditions forming part of the services/facility availed from
RHFL.

5 The life cover for the members required to undergo a Medical test based on the furnished medical grid
commences only after the requisite procedures are completed, and the nsurer accepts the risk.

6. Life cover is subject to fulfillment of the insurer's underwriting requirements within the prescribed timeline of 90
days from the date of the first disbursement. The risk commencement will start based on the underwriting
decision. In case the insurer's underwriting requirements are not fulfilled, the life insured will not be covered.

7. Any shortfall of the premium amount due to difference in data used to calculate premium or due to the rate up of
premium after medical scrutiny post-sanction should be borne by the Customers.

8. RHFL may share any required documents (KYC, financial proof, loan documents) that the insurance company
may ask for.

9. In a credit life insurance policy sum assured is amortized based on the initial sum assured and the policy's tenure.
If a customer opts for a lower sum assured or a shorter tenure than the actual loan amount or tenure, the principal
outstanding as per the loan statement and the insurance policy schedule will differ. The same will result in a
shortfall of the claim amount or expiration of the policy term even when the loan is alive. Hence, the risk of
opting for a life insurance amount lower than the actual sanctioned loan amount/tenure is a willful decision of the
customer/s, and the consequences of the same cannot be disputed by their legal heirs/ co-applicants later on

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 10. The customers are required to intimate the claims within 30 days of the incident to the concerned insurance
company. The claims contact details of the insurer are furnished in the policy document. In addition, forward the
claims intimation to the respective RHFL branch email Id, insuranceclaims@[Link], &
insurance@[Link].

11. NRIs cannot avail of life insurance through their Power of Attorney. The NRIs should be in India when opting for
the life cover. Insurers blacklist certain countries, citing their economic/political instability, and the application
acceptance is subject to the insurer's decision.

12. The insurance premium sanctioned as a part of the loan amount can only be reversed to the corresponding loan
account upon cancelation/rejection of the policy/proposal.

13. When more than one income earner avails credit life insurance, the cover amount must be proportionate to their
income appraisal.

14. The declaration made in the insurance applications is the basis for the issuance of the insurance policies; all
information should be ovided with full understanding and knowledge and the information should be complete
and true to the best of your knowledge. Any suppression of material facts may lead to the rejection of claims.

27) Applicable fee for creation / modification of charge with CERSAI [Central Registry under the SARFAESI Act
2002] has to be paid before availing the loan.

Accepted the Terms and Conditions

(Signature of borrowers)

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 To:
Mr. CHAND KHAN

SUBHAS PALLY, V.K NAGAR

MAMC,
DURGAPUR HEAVY ENGG
PLANT,
Paschim Bardhaman,
West Bengal,
India - 713210

1. Copies of Follow-up reports / transaction reports during stage releases have to be sent to Corporate Office.
2. BCS has to be sent in duplicate to Corporate Office within seven days from the date of first disbursement.
3. Two photographs of the building – one showing the front view and another showing the side view have to be
forwarded to Corporate Office.
4. Repayment of EMIs shall be through Post Dated Cheques or NACH.
5. All the Original documents have to be verified and certified by our Panel Advocate.
6. Conditions mentioned in the legal opinion should be complied with before disbursement.
7. Documents in Original have to be obtained as per the list of panel Advocate’s Opinion.
8. Age proof, ,Address proof and Signature verification of Applicant/Guarantor have to be obtained
9. Business/Employer details of Applicant/Guarantor have to be verified and details have to be incorporated in
the file .

For Repco Home Finance Limited

Authorised Signatory

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