SBI Power of Attorney

RACPC-Annexure-HL/6
Draft format of the Power of Attorney to be executed by the borrower / guarantor

authorizing the Power of Attorney holder to execute the loan /guarantee documents
or to create equitable mortgage
[To be stamped as a Power of Attorney as per applicable State Stamp Act, within
three months from the date on which it is received in India]
Power of Attorney
To all to whom These Presents shall come, I / We 1………………………………….
2……………………………………………..
(Give full name & address of NRI borrower(s). Where there are more than one
borrower, all the names & address should be given)
WHEREAS State Bank of India, …………………………… (hereinafter referred to

as SBI) granted/agreed to grant housing loan to the tune of Rs…………/ for
purchase/acquisition of the property more particularly described in the Schedule
hereunder written (hereinafter referred to as the Scheduled property) to me/us vide
sanction / Agreement Letter No……….dated …………..
AND WHEREAS to avail the housing loan I/We are required to execute the
necessary documents and also create a security by way of mortgage by deposit of
title deeds, for the aforesaid housing loan,
AND WHEREAS I/We are not in a position to expeditiously execute the documents
and create security in favour of SBI and are therefore desirous of appointing some
fit & proper person to act on my/our behalf and to do all necessary acts and things
in connection with the aforesaid.
NOW KNOW YE ALL AND THESE PRESENTS WITNESSETH THAT I/We

do hereby nominate, constitute and appoint
Shri…………………………………………………………………………………………
………………………………………………………………………………………………
(give here name & address of the attorney…), whose photo-graph is pasted below, to
be my/our lawful and true Attorney for the purposes hereinafter expressed i.e. to
say.
1. To sign as a borrower or Surety or as Guarantor for the housing loan availed
by me or otherwise from time to time such sums of money and upon such
terms as my said attorney may in his/her sole discretion thinks fit upon
security of scheduled property in my name from State Bank of
India……………………… for acquiring movable assets, Vehicle etc.
2. To execute all the necessary agreements, deeds, documents in connection with
the above-referred housing loan in favour of SBI in my/our name and
for and on our behalf in such form as SBI may require and lodge the
RACPC-Annexure-HL/6
documents with appropriate Statutory/Administrative or other authorities

where ever necessary.
3. To appoint Advocates, Solicitors in connection with the above and pay their
remuneration.
4. To deposit the original title deeds with respect to the Scheduled property to
SBI with an intention to create security thereon as and by way of mortgage
by deposit of title deeds and also to make a statement to the above effect
while delivering the title deeds for and on my/our behalf and subsequently
confirm such deposit of title deeds to SBI.
5. To apply for, appear and obtain necessary clearance and /or permission from
the concerned authorities concerning the Scheduled property, in connection
with the above-referred housing loan and submit the same to the Bank
wherever necessary.
6. To do all the necessary things and acts in connection with and/or incidental
to the above stated matters which my/our Attorney deems fit and necessary
to do to effectuate the aforesaid.
Please paste the
photograph of the
Power of Attorney
holder here.
AND I/ We, the above named…………..(state names(s) of the borrower(s) do

hereby undertake to ratify whatever the Attorney may lawfully do or cause to be
done in and by virtue of these presents.
SCHEDULE
(Give detailed description of the property)
………………………………………………………………………………………………
………………………………………………………………………………………………
………………………………………………………………………………………………
IN WITNESS WHEREOF, I/We, the above named have hereunto set my/our
respective hands on this………. day of……………
Signed, sealed by the within named

Signature of Witnesses
1…………………………..
2………………………….. Sworn Before Me

RACPC-Annexure-HL/6
Notary Public/Magistrate.
Note: The photograph of the Power of Attorney holder needs to attest by the
executive of the Power of Attorney.
AFFIDAVIT
I,………………………………………….. aged about. ……….. years, residing

at…………………………………………………………………………………..
do hereby solemnly affirm and state on oath as follows:
1. I am holding Indian Passport bearing No…………………………….issued by

the Passport Office,…………………………and the same is valid up
to…………………
2. I have executed a General Power of Attorney on………………… in favor of
……………………………………authorizing the attorney holder to do the
acts mentioned in the said GPA and the said GPA is not revoked by me and is
in force.
3. Even though, there is no specific clause authorizing my attorney to execute
the loan documents for the loan availed by me from Bank/Financial
Institutions on my behalf, now I hereby authorize to sign the necessary loan
papers on my behalf to avail such loans from Banks/Financial Institutions,
since I am not in a position to visit India immediately due to pre-occupation.
4. Even though there is no clause available in the said GPA for availing the loan
in my name and signing the loan documents on my behalf, I hereby confirm
correctness of the same again for its authenticity.
5. I hereby confirm that the acts if any already done by my attorney in this
regard is hereby ratified and the same is binding on me.
6. This affidavit may be treated as part and parcel of my GPA dated…………..
Executed in favor of my Attorney/s.
7. I hereby declare what is stated above is true and correct.
Place:
Date:
DEPONENT
SWORN BEFORE ME

SBI Power of Attorney

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RACPC-Annexure-HL/6

Draft format of the Power of Attorney to be executed by the borrower / guarantor

WHEREAS State Bank of India, …………………………… (hereinafter referred to

NOW KNOW YE ALL AND THESE PRESENTS WITNESSETH THAT I/We

documents with appropriate Statutory/Administrative or other authorities

AND I/ We, the above named…………..(state names(s) of the borrower(s) do

Signed, sealed by the within named

2………………………….. Sworn Before Me

I,………………………………………….. aged about. ……….. years, residing

1. I am holding Indian Passport bearing No…………………………….issued by

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