HIMACHAL PRADESH GRAMIN BANK REGIONAL OFFICE SOLAN DISTT. SOLAN-173212 Phone: 01792-221312, 221317,221318 Fax: 01792-21312 —————— a Dated: 13.04.2023 REF: HPGB/RO/SOLANI2023-24/ 9” \ The Branch Manager, Himachal Pradesh Gramin Bank, BO: Nalagarh Reg.:- Proposal for Sanction of House Loan of Rs.80,00,000/- (Rupees Eighty Lakh only) in favour of Shri Anoop Kumar S/o Shri Balbir Singh (MMG Ill, Employee-ID: 978) and Smt. Saroj Wlo Shri Anoop Kumar (jointly), for Purchase of Plot (Rs.32.00 Lakh) & for Construction of House (Rs.48.00 Lakh) - “Under Housing Loan Scheme for Members of Staff”. ‘As proposed and recommended by you vide your letter/loan proposal dated 07.04.2023, we are pleased to inform you that ROCAC at ours has sanctioned the term loan (Housing) of Rs.80,00,000/- (Rupees Eighty Lakh only) under “Housing Loan Scheme for Members of Staff’, as per the terms and conditions mentioned in “Annexure - A’. ‘As per the request of Shri Anoop Kumar, Loan account is to be opened at and be disbursed through your Branch, i.e. BO: Nalagarh, as the property is located near BO Nalagarh. You are advised to open new account in the CBS under staff scheme as per the terms of sanction. In case any discrepancy is observed in the sanction, please bring to our notice immediately for modification/rectification STIPULATIONS 1. BM to ensure that Terms and conditions of sanction be conveyed to the party and acceptance of the same should be taken from the party and kept with the loan documents. 2. Tripartite Agreement to be executed among the borrower, seller and the bank. 3. Following documents to be obtained before disbursement: a) Jamabandi for the year 2014-15 issued in the name of Smt Saroj Sharma b) Jamabandi for the last 16 years, c) Non encumbrance certificate issued by sub registrar Kharar. d) Sale Deed No. 5692 dtd 11/12/2015 executed in favor of Smt. Saroj Sharma e) Original Agreement to sell dtd 13/03/2023 executed between the parties. CR.Al PRADESH GRAMIN BANK DISTT, SOLAN-173212 REGIONAL OFFICE SOLAN phone: 01792-21342, 221317,221318 Fax 01792-221312 plan of Sunny Enclave Sec- 120, 123 Copy of revised approved layoul 124 and 125 Copy of etter no, 2343 dtd 26/04/2013 regarding approval of layout plan of HImAcH 9) mega residential project. BM to ensure that: 'n > 00 Lakh for Purchase of Plot along with the marg eae ee uiead ascii of the sellers i.e. Smt. Saroj - to be disbursed directly in the account ‘Sharma Wio Shri Shiv Kumar Sharma > BM to ensure that remaining amount of Rs.48.00 Lakh for Construction of House - to be released/disbursed after execution of Mortgage Deed and creation of charge (mutation) in favour of bank (HPGB, BO: Nalagarh) for total amount of Rs.80.00 Lakh as per bank's guidelines, > BM to ensure that disbursement is to be done in stages depending on progress of construction, ie. at stage like completion of plinth, construction up to lintel level, completion of roof etc. and/or demand raised by selling agency after ensuring that the borrower has invested his pro- rata share towards required margin BM to obtain original Sale Deed to be executed between Smt. Santosh Kaushik (seller) and Shri Rajinder Kumar Chandel and Smt. Rama Chandel(buyer/borrower) along with all other original papers relating to the property to be mortgaged. After disbursement and execution of sale deed, mutation in the records of concerned revenue authority be got done in favour of Smt. Saroj W/o Shri Anoop Kumar. BM to ensure that Equitable mortgage in favour of the bank to secure the proposed housing loan of Rs.80,00,000/- (Rupees Eighty Lakh only) be created at notified centers only, after obtaining the original documents as per list given in Advocate opinion. List of documents to be obtained for creation of Equitable Mortgage (as suggested by the Advocate) is as under: a) Original Sale Deed which is yet to be executed in favour of Smt. Saroj Wio Shri Anoop Kumar b) Original Jamabandi for the year 2014-15 which is to be issued showing the ‘ownership of Smt. Saroj Wio Shri Anoop Kumar ¢) Original Jamabandi for the year 2014-15 which is to be issued showing the Lien of Himachal Pradesh Gramin Bank, BO: Nalagarh (After execution of Sale Deed and entering of mutation) d) Original Agreement to Sell dated 13.03.2023 e) Sale Deed No. 5692 did 11/12/2015 executed in favor of Smt. Saroj Sharma (Seller) a. Property Declaration FormHIMACHAL PRADESH GRAMIN BANK REGIONAL OFFICE SOLAN DISTT. SOLAN-173212 Phone: 01792221312, 221317,221318 Fax: 01792-221312 8. The mutation favour of the bank must be verifi Manager from the Records of concerned revenue authority. 9. The charge on IP be registered in the CERSAI portal for the total loan amount of Rs.80,00,000/- (Rupees Eighty Lakh Only) and Asset ID, Security ID be kept in record. 10. BM to ensure that disbursement of remaining amount of Rs.48.00 Lakh sanctioned for construction of House should be done after creation of Equitable Mortgage and noting of charge (mutation) in favour of HPGB, BO Nalagarh with concerned revenue authority. 14. BM to ensure that construction of the house is done as per approved map and required margin is to be contributed on each stage of disbursement. Before release of next loan disbursement BM to visit the site and ensure that amount of loan earlier released has been utilized for and record thereof be kept with the loan documents. 42. PDC of Salary/saving accounts of borrowers must be obtained. 43. Flat for full value be got insured from the approved company of the bank and policy thereof be held with the loan documents. 44. After disbursement and completion of all the above documents, Legal Compliance Certificate be submitted to our office along with vetting of documents from the approved advocate of the bank. 45. All the above stipulations along with terms and conditions mentioned in “Annexure — A” are to be complied with. pa mh Office dit) Officer (Credit) ‘Sr. Manager Region: ger Copy to: - 4. The Chief Manager (Credit) at Head Office Mandi for information and necessary action please. a Regional ManagerHIMACHAL PRADESH GRAMIN BANK REGIONAL OFFICE SOLAN DISTT. SOLAN-173212 Phone: 01792-221342, 221317,221318 Fax: 01792-221312 ‘Annexure Terms and conditions of Housing Loan sanctioned in favor of Shri Anoop Kumar and Smt Saroj lature poss 3. Amount | 4. | Rate of interest | Term Loan- Housing 1. For Purchase of Plot: Rs.32.00 Lakh 2. For Construction of House: Rs.48.00 Lakh — Rs.80,00,000/- (Rupees Eighty Lakh only), which is bifurcated as under: 1. For Purchase of Plot: Rs.32.00 Lakh 2. For Construction of House: Rs.48.00 Lakh 5.50% (Simple) - up to Rs. 40.00 Lakh and 6.00% (Simple) - above Rs. 40.00 Lakh As per Loan Circular No. 65/2022 dated 01.11.2022, Scheme Code: TLSTN | Subject to change from time to time as per prevailing Bank's guidelines. | 4. For Purchase of Plot: 10% ie. Rs4,00,000/-, however, applicants have proposed to offer the higher margin of Rs.8,00,000/- (Rupees Eight Lakh only) i.e. 20% 2. For Construction of House: 10% i.e. Rs.6,00,000/- however applicants have proposed to offer the higher margin of Rs. 12,00,000/- (Rupees Twelve Lakh Only), i.e. 20.00% 6. | Moratorium NIL 7. | Repayment ‘Amount of loan will be repaid in maximum 360 months (3:1 Ratio of Principal: Interest. Total loan period is 360 months, The principle to be recovered in 270 monthly installments of Rs.29,630/- (Rupees Twenty Nine Thousand Six Hundred and Thirty Only), wef. May 2023, and interest accrued thereon in subsequent 90 monthly installments. 8. | Security Equitable Mortgage of Property (Land and Building) comprised in plot No. 2096 measuring 0 Kanal, 8.1/3 Marla in Khata No. 4271133, 394/419, Khasra No. 27//10/2(0-13), 11/1(1-7), 266/2(5- 7), 15/1(3-16), 27//11/2(1-11) area 12 Kanal 14 Marla, having 25/762 share i.e. 0 Kanal, 8.1/3 Marla situated at Sunny Enclave, Sector 123, Vill Jandpur, HB No. 28 , Tehsil Kharar, Distt Mohali as per Jamabandi for the year 2014-2015 in the name of Smt. Saroj Sharma Wio Shri Shiv Kumar Sharma (Seller), after transfer of property in the name of applicant Smt. Saroj Swlo Shri Anoop Kumar.HIMACHAL PRADESH GRAMIN Bank REGIONAL OFFICE SOLAI Phone; 01792-221312, 22 N DISTT, SOLAN-173212 1917,221318 Fax: 01792-221312 10. | Processing fee 41. Documentation | NIL for staff charges 42. Other charges | NIL for staff | (CIBIL & | | CERSAI) | _ _ == — General terms and conditions 1 1. |The applicant should bring in their entire contribution before release of the Loan or rin the manner otherwise provided in the sanction, Further, it should also be ensured that margin | stipulated is maintained / provided at each stage of disbursement BM to ensure that disbursement is made in stages keeping in view the progress of work and margin stipulated in the sanction is maintained/provided at each stage of disbursement 2. The rate of interest shall be subject to change from time to time as per Banks /RBI | guidelines. In the event of revision of interest in interest rate to be charged in the account, the borrower shall have the option to pay increased amount of EMI or continue to pay the existing amount | of EMI with a condition that the balance outstanding in the account shall be paid in one go with the last EMI of the originally applicable repayment tenor, failing which the applicable rate | | of interest shall be charged for the appropriate repayment tenor from the date of original | sanction. Customers have been explained the repayment process of the loan in respect of, tenure, | periodicity, amount and mode of repayment of the loan and informed that Borrower is obliged | to pay the EMI Installment regularly on due date. Notwithstanding what is stated herein, it shall be the liability of the customer to ensure that the EMls/ Installments are regularly paid | ‘on the due dates ‘4. |Minimum 24 Advance Cheques signed by borrower towards repayment of monthly | installments along with Letter of Deposit to be obtained from the both the applicants. However, when the number of cheques with the branch reaches six (6), the borrower to give additional 24 cheques duly signed. This system of giving additional cheques shall continue till the adjustment of the loan. The guidelines for safe custody of advance cheques circularized by Inspection & Audit Division to be followed. The Bank shall have the right to avail the benefit of Sections 138-142 of the NI Act against the borrower in case of dishonour of the ECS/RECS/NACH (debit) mandate on account of insufficiency of funds. [5._[ The borrower to comply with all relevant guidelines of the Bank/RBI. ‘6. |The loan under consideration shall be released by the Bank only after acceptance and | compliance of banks terms of sanctionMACHAL PRADESH GRAMIN BANK REGIONAL OFFICE SOLAN DISTT. SOLAN-173212 Phone: 01792-22132, 221317,221318 Fax: 01792-221312 All service charges viz. Upfront Fees/ processing Fees, Documentation Charges etc. will be | charged from the applicant as per sanction before release of credit facilities 8. erves the right to alter / amend any terms / without prior reference to the part_ 9. | Penal Interest @2 will be levied in the account in case of > —_ Non-payment of any installment of principal and/or interest, costs and other charges | due, on the amount in default from the date of default; or > Any irregularity in the Loan account; or > Default in Furnishing information as prescribed/called for by the Bank; or | >» Diversion or siphoning of the Loan amount; or > Default in creation of security within the stipulated time; or > Non-compliance of any of the terms & conditions of this Agreement, or > __ Any other case as the Bank may deem fit 40. The borrower shall submit all relevant documents as mentioned in the Sanction Letter/Loan | Agreement before disbursement 14. The loan will be secured by mortgage off hypothecation off charge on assets purchased through bank funds in case of primary security and/or assets in case of collateral security, | within the stipulated time period as specified in the sanction, Personal guarantee, if any, will be obtained as per sanction. 12. | The bank will always be at liberty to stop making further advance or cancel the credit facility at any time without previous notice and without assigning any reason even though the said __ credit facility has not been fully availed of _| Pre-Disbursement Conditions: 4. | BM to ensure that terms & conditions of sanction have been got accepted from the | | borrower as well as co- borrowers and such acceptance to be kept on record as a | part of loaning documents. "2. 18M to ensure execution of all loan documents as per Bank's format and applicable | _guidelines 3. All other terms and conditions as applicable to such type of advance as contained in the “HO Loan Cir No. 13/2021 dated 03.03.2021 and subsequent amendments thereon from time to time are strictly adhered to. 4. | BM to ensure that following documents be obtained before disbursement: a) Jamabandi for the year 2014-15 issued in the name of Smt Saroj Sharma. b) Jamabandi for the last 15 years. c) Non encumbrance certificate issued by sub registrar Kharar. d) Sale Deed No, 5692 dtd 11/12/2015 executed in favor of Smt. Saroj Sharma. e) Original Agreement to sell dtd 13/03/2023 executed between the parties f) Copy of revised approved layout plan of Sunny Enclave Sec- 120, 123, 124 and 125 9) Copy of letter no. 2343 dtd 26/04/2013 regarding approval of layout plan of mega residential project.HimacHAL PRADESH GRAMIN BANK REGIONAL OFFICE SOLAN DISTT. SOLAN-173212 " Phono: 01792-21312, 221317,221318 Fax: 01792-221312 We While disbursing the loan, Incumbent In-charge should full genuineness of the borrower's credit requirement as well as adequacy. For this purpose he may call additional information from the borrower as he deem necessary. The amount to be actually advanced should not exceed the limit sanctioned above or the actual | requirements of the borrower, whichever is lower. BM is advised to ensure that the amount of loan together with margin money should be utilized for construction of house/ purchase | of plot as per map plan/ abstract of cost submitted and no deviation as well as | diversification of Bank fund be allowed and it should be ensured that the construction is taking place on the land mortgaged in favour of the Bank, = BM (Br) to explore for Life Insurance policy on the borrowers, as available at the option of the applicant borrower from PNB Metlife under loan insurance scheme in terms of | guidelines issued in this respect from Head Office | An Affidavit-cum-undertaking be obtained from the borrower that: | > In case of upward revision in interest rate I/we undertake to deposit the excess amount of EMI for entire tenure of loan. | » Ihe agree to the fact that Post retirement, EMls/Installments shall be reviewed by the | Bank based on the cash flows and in case cash flows are inadequate, we undertakes to deposit the proceeds of terminal dues/retirement benefits to the extent as required | by the Bank so that EMis/Installments are in line with eligibility criteria > — liwe give my/our consent to receive SMS alert/Email from the bank, as soon as the account becomes irregular to be obtained from borrower > We will meet out the margin/ any escalation in the cost of the course from their own | sources > — lhwe undertake that if any portion of house is rented out, the rent so received would be first utilized toward payment of house tax ete. as per rules and 50% of the balance | amount would be deposited in borrower's loan account, in addition to the usual installment payable towards the adjustment of the loan. we also undertake that rent to be received from the tenants will be directly credit to the saving account in which | standing instructions has been given to recover the loan installment. > | undertake that | shall not violate the sanctioned plan; construction shall be strictly as | per the sanctioned plan > | undertake that if that any wrong information/dectaration given by me/us will be my/our responsibility in case of any liability arising out of the same against the bank > Undertake to intimate the Bank of any change in his employmentcontacvaddress | details. | > | undertake that Loan will be utilized strictly for the purpose as per sanction. Deviation | if any, will be treated as non-compliance > | undertake to comply with all preconditions for disbursement of the loan as mentioned in the Sanction Letter > I/we undertake to bear and pay any charge for switchover of the option in respect of rate of interest at the rate as prescribed by the Bank from time to time. |> we undertake that any third party liability coming on the Bank due to wrong |. information’ declaration given by borrower will be his/their responsibility. The iy satisfy him/her-self about the |HIMAOHAL PRADESH GRAMIN BANK bn EGIONAL OFFICE SOLAN DISTT. SOLAN-173212 one: 01792-221312, 221317,221318 Fax: 01792-21312 sanction shall be cancelled in case of incorrect certification by the borrowers. | \we shall get the assets, mortgaged! hypothecated/ charged to the bank, insured | against all risks at my/our own cost with usual bank clause. A copy of the insurance | policy will be kept on bank's records also. In case the same is not complied with, the bank will get the same insured and cost recovered from me/us ‘An amount of Rs.32.00 Lakh for Purchase of Plot along with the marg | disbursed directly in the account of the sellers ie. Smt. Saroj Sharma W/o Shri Shiv | Kumar Sharma BM to ensure that remaining amount of Rs.48.00 Lakh for Construction of House - to be released/disbursed after execution of Mortgage Deed and creation of | charge (mutation) in favour of bank (HPGB, BO: Nalagarh) for total amount of | | | Rs.80.00 Lakh as per bank's guidelines. \ | BM to ensure that disbursement is to be done in stages depending on progress of | | construction, i.e., at stage like completion of plinth, construction up to lintel level, completion of roof etc. and/or demand raised by selling agency after ensuring that the | borrower has invested his pro-rata share towards required margin. | > BM to ensure that a certificate be obtained from the Halga Patwari/Authorized | \ Revenue officials (before disbursement of second installment of loan) on completion | of construction up to plinth’ DPC level, that the borrower is constructing the house, | commercial building, shed on the Khata/Khatouni number and Khasra number as given in the mortgage deed and No deviation has been made. [Post-Disbursement Conditions: Post Dis totems and conditions as applicable to such fype of advance as contained in he HO | © [oan Gir No. 13/2021 dated 03.03.2021 and subsequent amendments thereon from time to | |__| time are strictly adhered to 2, [BM to ensure that Equitable mortgay in favour of the bank to secure the proposed | housing loan of Rs.80,00,000/- (Ru, Eighty Lakh only) be created at notified Centers only, after obtaining the original documents as per list given in Advocate | | opinion. List of documents to be obtained for creation of Equitable Mortgage (as | | stiggested by the Advocate) is as und! i) Orginal Sale Deed which is yet to be executed in favour of Smt. Saroj Wio Shri Anoop ‘umar | ii) Original Jamabandi for the year 2014-15 which is to be issued showing tht | of Smt. Saroj W/o Shri Anoop Kumar ling the: ownership i) Original Jamabandi for the year 2014-15 which is to be issued showing the Li " f Himachal Pradesh Gramin Bank, BO: Nalagarh (After nie Deed and antaring of mutation} agarh ( execution of Sale Deed and iv) Original Agreement to Sell dated 13.03.2023 vy. Sale Deed No. 5692 dtd 11/12/2015 i WiC: Property Declaration Fon ‘executed in favor of Smt. Saroj Sharma (Seller)——— IMACHAL PRADESH GRamin BANK REGIONAL OFFICE SOLAN DISTT. SOLAN-173217. Phone: 01792-21312, 221317,221318 Fax 01792-22 WD - 30 BM to ensure that disbursement of remaining amount of Rs.48.00 Lakh eanctlanes tor | construction of House should be done after creation of Equitable Mortgage ®t 9 Charge (mutation) in favour of HPGB, BO: Nalagarh with concerned revenue authoriy 4. BM to ensure that disbursement is done in stages depending on progress ‘| OM atruction. Le., at stage like completion of plinth, construction up to lintel levee Completion of roof etc, and/or demand raised by selling agency after ensuring that fee Borrower has invested his pro-rata share towards required margin. Further, before release of every next installment end use of previous funds to be done by branch. _ 5, BM to ensure that Bank's charge to be got entered in revenue record and proof of the same be kept on record after execution of Sale Deed. _ _ | 6. BM to ensure that the mortgage must be registered with CERSAI immediately after creation of equitable mortgage, and Asset ID, Security ID be kept in record. _ The proposed property to be got insured as per bank's agreed clause at party’ cost and policy thereof to be kept along with the documents. | insurance of IP to be got done as per bank norms at borrowers cost and policy to be kept on record. _— - — oe 8. | The borrowing member of the staff should give an undertaking to start construction on plot within maximum period of one year from the date of disbursement of loan for the purchase of the plot, failing which penal Rate of Interest as per applicable Bank guidelines to be charges in the account. In case the construction is not started by the borrowing employee on the plot of land financed by the Bank within the stipulated period of one year, unless there are justifiable reasons (for which prior approval of sanctioning authority to be obtained), penal interest @ 1% above the applicable interest rate be charged from the date of disbursement 9. On completion of house/fiat construction, a certificate be obtained from approved | architect/qualified engineer, certifying the end use of funds granted by the Bank You are advised to update the loan details in HRMS of the concerned employee for deductions of monthly installments from salary and credit to loan account. 7 hf Officer (Credit) Sr. Manager Region ger