Subject: Sanction of Car Loan
1.With reference to your request, we are pleased to sanction the Loan as under. The Loan shall be
governed by the Terms and Conditions executed/to be executed by you (“Terms and Conditions”), as well
as the terms and conditions of this Sanction Letter, without any further act, deed or writing.
2.This sanction is subject to the acceptance of terms and conditions mentioned in this sanction letter and
more particularly detailed in the Terms and Conditions, unless specifically waived by HDFC Bank Limited
(“Bank”).
3.The Loan is subject to the terms and conditions as set out in Annexure hereto (subject to change as per
Reserve Bank of India (“RBI”) directives / Bank policies from time to time) which is deemed to be a part of
this Sanction Letter. The Loan is also subject to the conditions that are contained in other documents
executed/to be executed by the Borrower in favour of the Bank.
4.This sanction is further subject to the successful completion of your KYC subject to the satisfaction of the
Bank.
5.All terms and conditions relating to the Loan and end use of funds would be subject to RBI regulations
and directives from RBI from time to time.
6.By clicking the “I Agree to the Sanction Letter” tab below you shall be signing, agreeing to and
authenticating this/ Sanction Letter and the terms thereof.
7.This sanction is subject to the successful completion of your KYC subject to the satisfaction of the Bank.
8.In the event of default, the borrower will be reminded from time to time for payment of overdue
outstanding, by either post / telephone/ e-mail/ SMS messaging and/or engaging empanelled outsourced
vendors to remind, follow-up and collect dues. The outsourced vendor, as enlisted in bank’s website, so
appointed, shall adhere fully to the Fair Practice Code and Code of Conduct. Further, the bank, at any time
and without notice, will have the right of lien and set-off on all monies belonging to the borrower and / or co-
borrower, for apportionment towards overdue outstanding. You may refer to the Bank’s Model Collection
Policy updated in bank’s website for further insights into the same. In the event of default, the details of
authorised associate to approach for recovery of dues will be intimated to you through a payment reminder
communication and any change in details would be intimated to you thereon. List of authorised associates
empanelled for handling collections are updated on the bank’s website for reference.
9.Two-Wheeler/Auto/Used Car hypothecated with HDFC Bank for securing the Loan shall be
released/removed within 10 days from the date of closure/repayment/settlement of the loan in full to the
satisfaction of HDFC Bank, subject to clearance of all Outstanding and overdue balances due from the
customer to the bank whether as a Borrower or co-borrower or guarantor and compliance with the terms
and conditions of the loan agreement.
10.In States where RTO insist on physical No Dues Certificate or No Objection Certificate from the Bank
along with relevant forms for release/removal of Hypothecation will be despatched by courier to the
registered address of the Borrower within 10 days from the date of closure/repayment/settlement of the
loan in full to the satisfaction of HDFC Bank.
We look forward to partner you in your business.
HDFC Bank Ltd.
ANNEXURE
Details of the Borrower Name: KALYANAM V B
Address: 143 SHREYAS GRO XXXXXX 2ND STAGE
GRUHA XXXXXX KAMALANAGAR XXXXXX
BANGALORE KARNATAKA 560079
Mobile No: 9449850681
Loan Amount (Rs.) ₹ 4,78,973
Installment Frequency Monthly
Tenure in months (No. of EMIs) 36
No. of Adv. EMI ₹0
Adv. EMI Amount (Rs.) ₹0
Processing Fees in Rs. (Non Refundable) ₹ 4,129
GST on Processing Fee (As per Applicable Law) 18%
Rate of interest (Fixed Rate of interest) 9.75 % p.a. or as may be prescribed by the Bank
Rests at which interest is payable Monthly
Pre-EMI Interest ₹0
Purpose: Personal
Charges (All charges are non-refundable & applicable post disbursement of loan unless otherwise mentioned)
Repayment mode change Charges: Payment Return Charges:
• 500/- per instance (SC) Rs.450/- Govt. Taxes & Levies (without prejudice to
Bank's civil and Criminal rights and remedies)
Premature Closure Charges (For Full Payment) Post Premature Closure Charges (For Part Payment) Post
Cooling Period of 3 Days: Cooling Period of 3 Days:
• 6% of Principal Outstanding for pre closures within 1 •Part payment will be allowed twice only during loan
year . tenure.
•5% of Principal Outstanding for pre closures within 13 – •Part payment is allowed only once a year. At any point
24 months from 1st EMI. of time, part payment will not increase beyond 25% of
•3% of Principal Outstanding for pre closures post 24 Principal Outstanding.
months from 1st EMI Premature Closure Charges • 5% on the part payment amount in case part prepayment
•NIL Premature Closure Charges(For Full Payment) for is within 24 months from 1st EMI
Fixed rate loan facility up to Rs. 50 Lakh availed by • 3% on the part payment amount in case part
Micro & Small Enterprises and Closure prepayment is post 24 months from 1st EMI
from Own Source • NIL Premature Closure Charges(For Part Payment) for
Fixed rate loan facility up to Rs. 50 Lakh availed by
Micro & Small Enterprises and Closure from Own Source
Loan Cancellation & Rebooking Charges Post Cooling Loan Reschedulement charges / re- booking charges
Period of 3 Days: ₹ 500/- (If changes are required on RC, then
In the event of cancellation, interest charges from date of refundable Security Deposit - non-interest bearing of
disbursement till the date of cancellation of loan will be ₹ 5000 would be required. Will repay post borrowers
borne by the customer. provide the transferred Registration Certificate to the
Processing Fee ,Documentation Charges ,Stamp duty , bank) (SC)
and other statutory charges and GST which are non-
refundable charges would not be waived/refunded.
Stamp Duty and other statutory charges: As per Delayed instalment payment charge:
Applicable Law 18%P.A. plus applicable government taxes on overdue
instalment amount
Taxes:At actuals, Applicable presently or in future
Legal, Repossession & Incidental charges: At actuals • CIBIL Charges (only on request): 50/-
Registration Certificate (RC) Collection Fees: ₹ 708/- Duplicate No Due Certificate/NOC: 500/-instance
per case**
Duplicate Amortisation Schedule Charges: 50/- per LPG/ CNG NOC / Other Special NOC: 250/- per
schedule for physical copy. Customer can also NOC (SC)
download from website free of cost.(SC)
Commercial / Personal Use NOC Inter State NOC
₹ 250/- per NOC (conversion subject to credit Refundable Security Deposit (non interest bearing)
approval (SC)) of ₹ 5,000/- will be taken. It will be the borrowers
responsibility to provide the transferred Registration
certificate copy to the bank. In addition, NOC
charges of ₹ 500/- would be payable by the
borrower.
Documentation / Valuation Charges 767/- per case (SC)
Details of security/collateral obtained Hypothecation of vehicle details of which are mentioned
in the Terms and Conditions. Rs.______
Date by which annual outstanding balance statement will 31st May
be issued
Details of Security/ Vehicle(s) As per the Terms and Conditions
* Foreclosure charges and part payment charges are exclusive of Govt Taxes & Levies. Govt Taxes & Levies and
other Government levies, as applicable, would be charged additionally.
* LPG / CNG NOC / Other Special NOC & Commercial / Personal Use NOC consolidated as Commercial / Personal
Use NOC & LPG / CNG NOC / Other Special NOC and its subject to credit approval.
* 10% discount to senior citizens on all the service charges (SC)
** Collateral Charges / PDD Collection charges are refundable in case of loan cancellation.
Signed On 2024-12-13 21:54:30
Signature
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