SANCTION LETTER

Sanction Date: 12 Jul, 2023

Application Reference No: LA-2123958

Applicants: Mr. NARESH KOVURI & Mrs. KOVURI MADHAVI

HOUSE NO 3 8 255, CHANDRAPURI COLONY, LB NAGAR, RANGAREDDY, NEAR ROAD NO 3, HYDERABAD, Hyderabad, HYDERABAD, TS, India, 500074
Regd. Mail ID: kovurinaresh11@gmail.com | Regd. Contact No. 9848982335

Dear Sir/Madam
With reference to your loan application, we are pleased to inform you that your loan request has been approved in principle by Piramal Capital and Housing Finance Limited (PCHFL)
(erstwhile known as Dewan Housing Finance Corporation Limited), on the following terms and conditions:

Particulars Primary Loan

Nature of Facility SBL
Transaction Type LAP
Loan Amount Rs.1,260,000
Life Insurance Premium Rs.33,671
General Insurance Premium Rs.3,423
Interest Rate Type Floating
RPLR 20.42% p.a
Spread +/(-) -5.67% p.a
Rate of Interest 14.75% p.a
Rest Frequency Monthly
Term of Loan 180 months
Installment Rs.17932.00
Processing Fees (Inclusive of GST) Rs.22,302
CERSAI Charges (Inclusive of GST) Rs.590
Mode of Payment NACH

Collateral Address1: FLAT NO 207, Second Floor, Sahabhavana Township, NA, DMART, SY NO 42, Hyderabad, Bandlaguda VILLAGE, Hyderabad, TS, India, 500068

Special Condition:
1. Repayment to be via NACH mode from A/c No 159848982335
2. Applicant CC Card Rs.46K over due amount Rs.4760/- payment paid receipt required prior to disbursement.
3. ROI waiver off from 13.35% to 12.85% approval mail obtained prior to disbursement.

If the above terms and conditions and the General Terms and Conditions printed overleaf are acceptable to you, please return the duplicate copy of this Sanction Letter duly signed by all
applicants as a token of your acceptance.

We look forward to disbursing this Loan and request you to complete all the formalities in this regard.

This is auto generated letter and does not require signature by PCHFL Official.

Accepted by :
NARESH KOVURI & KOVURI MADHAVI

Piramal Capital & Housing Finance Limited

(formerly Dewan Housing Finance Corporation Ltd.)
CIN : U65999MH2017PLC291071
Sanction_Letter_V2 Page 1 of 3
Registered office : 4th Floor, Piramal Tower, Peninsula Corporate Park, Garpatrao Kadam Marg, Lower Parel, Mumbai - 400013
T +91 22 6230 9200 F +91 22 6151 3444
www.piramalfinance.com
 Application Reference No: LA-2123958

General Terms & Conditions:

Sanction Expiry Date:Tue Oct 10 12:36:39 GMT 2023

1. Loan amount will be subject to valuation of the Property (being offered to PCHFL as a security) as assessed by PCHFL.
2. Repayment of the Loan in EMIs will be from your primary operating/salary account, through the National Automated Clearing House (NACH) system. You will be required to
provide a NACH Mandate Form duly signed by y ou and all the other bank account holders, authorizing your above bank to debit the above mentioned account with the amount of
the EMI.
3. The rate of interest mentioned overleaf, is based on the current prevailing Retail Prime Lending Rate (RPLR) of PCHFL and the same may vary at the time of disbursement of the
Loan or during the subsiste nce of the Loan as specified in the terms of the Loan Agreement.
4. PCHFL, at its sole judgment and discretion, may increase or decrease or change the interest rate based on applicable RPLR and PCHFL shall intimate or provide notice in this
regard to you by updating on its web site. The revised RPLR applicable shall be as updated on the web site of Lender from time to time. Such varied Interest Rate shall become
accrued and payable from a prospective date intimated by the Lender and shall be binding on you.
5. Margin/Spread Change: PCHFL shall have a right to change the margin/spread (thereby change in rate of interest) at any time during the currency of the Loan in the scenarios
including but not limited to i) upon occurrence of adverse change in money market condition ii) RBI revising the standard provision on assets, iii) RBI changing the risk weight for
assets, iv) in the event of any downward change in your credit rating (both internal as well as external)/credit risk profile iv) Occurrence of an Event of Default on your part .
6. In case of PMAY, the assessment of your eligibility to avail the benefits under the PMAY scheme is at the sole discretion of Government of India and at no point of time PCHFL
shall be held liable/responsible for any delay in getting the benefits under the said scheme or rejection of my claim by the Government under the scheme.(Applicable only for
PMAY cases)
7. As a result of variations in the Rate of Interest, the amount of the EMI and / or the number of EMIs is liable to vary from time to time.
8. Processing fees are not refundable.
9. The Loan together with interest and other charges shall be secured by:
9(a). Exclusive first charge of PCHFL on the Property by way of Equitable Mortgage, unless otherwise specified in Special Conditions.
9(b). Such other security as PCHFL may stipulate.
10. Any disbursement under this Sanction Letter shall be made only after you have fully invested your own contribution.
11. The Loan shall not exceed such percentage of the documented cost or market value of the Property whichever is lower, as prescribed under the applicable regulatory norms &
PCHFL Policy.
12. Sanction & Disbursement of the Loan is subject to completion of legal and technical due diligence of the Property, compliance of KYC requirements & execution/submission of
necessary documents as required by PCHFL.
13. Loan will be disbursed in lump sum or in suitable instalments, considering the need and progress of construction as determined by PCHFL.
14(a). Interest on the partially disbursed loan amount ( PEMII) will be payable till the loan is fully disbursed or 36 months from the date of first disbursement whichever is earlier (the
period may be extended at discretion of PCHFL) and payment of EMI shall start thereafter.
14(b). You shall be allowed to drawn down under the loan within the period of 36 months from the date of first disbursement (Availability Period) which may be extended at discretion of
PCHFL
15(a). Property insurance is mandatory.The insurance premium is to be borne by You or can be added to the loan amount if required.
15(b). You shall fully insure the Property during the loan term against all losses, damages on account of fire, riots, and other hazards like earthquake, floods and any other insurable risk
as required by PCHFL for the cost of the Property and such insurance policy obtained by you shall be assigned in favour of PCHFL. You shall submit the insurance policy to
PCHFL.
15(c). Opting for the loan amount along with life/property insurance in the sanction letter is only Your intent and such selection is not binding on PCHFL. Such selection shall become
effective only upon You explicitly instructing PCHFL in writing to disburse the premium to the insurance company directly and on complying with all the formalities as required
by the insurance company. PCHFL shall not be liable for any consequences/damages/losses arising out of non-compliance of the same.
15(d). You shall ensure that the insurance is for the entire term of the loan and accordingly renew the insurance from time to time and pay the premium for the same. PCHFL shall not be
responsible for the renewal of the insurance.
15(e). On cancellation of the loan amount and subsequently cancellation of the insurance policy, the rules of insurance company in respect of refund of premium shall be applied and
PCHFL shall not be responsible and liable for any loss arising out of such cancellation.
15(f). Claims if arising out of any unfortunate eventualities is a matter between the insurer and borrower, PCHFL is not liable for the same.
16. This offer is valid for a period of 90 days from the date of this letter and on the expiry of this validity period this sanction shall automatically stand cancelled with no prior
intimation from PCHFL. Restoring the sanction will be at the sole discretion of PCHFL including but not limited to any new conditions that PCHFL may require and payment of
any additional fees for such restoration.
17. You will be required to bear and pay applicable stamp duty, CERSAI charges and all statutory and regulatory charges /taxes/GST, wherever imposed, levied, collected, withheld or
assessed by any government authority, whether on Loan approved herein, transaction documents,acquisition or provision of Property, or otherwise, pursuant to the applicable laws,
during the pendency of the Loan. These charges are non-refundable in nature and payable at the time of disbursement as and when due.
18. This Sanction Letter is in supersession of any other Sanction Letter that may have been issued by PCHFL for this purpose.
19. Kindly make payment of the balance processing fees as indicated overleaf through a cheque marked "Account Payee only" drawn on and payable at any bank in India in the name
of "Piramal Capital & Housing Finance Limited" (If already paid, please ignore).
20. Notwithstanding anything contained in the loan documents, Interest shall begin to accrue in favour of PCHFL as and from the date of the disbursement of the loan. Disbursements
shall be deemed to have been made to the Borrower on the date of the cheque or pay order, or on the date on which the loan amount is transferred by PCHFL to the designated
account by RTGS/NEFT as the case may be. Interest on the loan will begin to accrue in favour of PCHFL from the date of cheque or pay order or the date of the RTGS/NEFT as
the case may be, irrespective of the time taken in transit/collection/realization of the cheque by the Borrower or the payee of such cheque.
21. Interest Rate for each loan will be decided after considering various factors such as customer profile, tenure of loan, type of loan, value of security etc. Gradation of interest will be
based on factors such as Credit Bureau score, income, etc. For more details, please refer to our website www.piramalfiance.com.

This sanction shall stand cancelled and revoked if:

1. There is any material change in the opinion of PCHFL on the basis of which the Loan had in principle, been sanctioned.
2. Any material facts regarding your income, employment, or ability to repay, or any other relevant aspect of your application for the Loan is suppressed, concealed misrepresented or not
made known to us.
3. Any statement made in the loan application or otherwise is found to be misleading, untrue or incorrect.

Accepted by :
NARESH KOVURI & KOVURI MADHAVI

Piramal Capital & Housing Finance Limited

(formerly Dewan Housing Finance Corporation Ltd.)
CIN : U65999MH2017PLC291071
Sanction_Letter_V2 Page 2 of 3
Registered office : 4th Floor, Piramal Tower, Peninsula Corporate Park, Garpatrao Kadam Marg, Lower Parel, Mumbai - 400013
T +91 22 6230 9200 F +91 22 6151 3444
www.piramalfinance.com
 Piramal Capital & Housing Finance Limited
(formerly Dewan Housing Finance Corporation Ltd.)
CIN : U65999MH2017PLC291071
Sanction_Letter_V2 Page 3 of 3
Registered office : 4th Floor, Piramal Tower, Peninsula Corporate Park, Garpatrao Kadam Marg, Lower Parel, Mumbai - 400013
T +91 22 6230 9200 F +91 22 6151 3444
www.piramalfinance.com