From: To ‘Advances Section ‘The Branch Incharge Regional Office, Kakarla Branch(13686) ‘Ongole Ref : ROOGLADV/LHV/113322/STF 340/2024 Ref iN dated 03.09.2024 Dear Sir/Madam, ‘SUB: Mr-Ulli Ashok(1 12322) Manager, presently working at Kakarla Branch(13686), Request for Employee's Car Loan for Rs.15.0 lakhs Loan Availing Branch: Kakarla Branch(13686) Branch CR No: Nil, NF 425 dated 02.09.2024, Received dated 03.09.2024, HRM Section Clearance Dated 03.09.2024 ‘SANCTION MEMORANDUM ‘The following advance is permitted to the subject employee on a single transaction basis and as per terms and conditions mentioned hereunder: REGULAR CAR LOAN SCHEME TO OFFICER STAFF Nature of Loan | LHV— 4 wheter 'Rs.15,00,000/- (Rupees Fifteen Lakhs Only) _ ‘Amount of Loan Margin Amount | Rs.21,21,020/- dated 02.09.2024 (Any excess amount to be borne by the employee) Extended warranty, AutoCard, Fast Tag_and UV Polish/Delivery charges, TCS_are not 6.00 % Simple (HO Cir 441/2020).RO! is subject to change as advised by H.O from time Rate ofinterest | 1 ime Purpose To purchase a Brand new "Hyundai Creta SX(0) 1.5MPIMT PETROL ‘model car Hypothecation of proposed Brand “Hyundai Creta SX(0) 1.5MPIMT PETROL” model Security | car valued Rs.21,21,020/- as per the Quotation from “Sri Chakra Automotives(P) LTD | ", Ongole. Directy to the dealeriseler by way of Ale Payee Demand DraflNEFTIRTGS along wi | the employee's margin contribution in favour of ‘Sri Chakra Automotives ( P) Lid’ | Payable at Ongole. Proper Authorization letter must be obtained from the offer | employee in this regard Total Repayment Tenor —180 months Disbursement Monty | Rac t2800. pm. or 120 morte towards Pinal and | pay | Accrued interest to be recovered for the next 60 months. Commencement From the following month in which the loan is disbursed. of Repayment However, the outstanding liabilty, if any with up to date interest should be ciéared by the ‘employee at the time of rtirementiresignation from his own sources or shall be recovered ‘out of terminal benefits or employee may seek continuation of LHV liability on the existing terms for a maximum period of 120 months (HO Cir 479/2017) on his/her retirement / resignation, etc. TERMS AND CONDITIONS: Ostensible Liability 1. NE 482 should be submitted to Regional Office immediately after disbursement duly confirming the compliance of sanction terms and conditions, 2. A declaration once every year during first week of January is to be obtained from the subject Employee regarding road worthiness of the vehicle. Margin (%) 5.00% ofthe Cost ofthe Vehicle. Fi Rs.6,27,020/429.27%) as per the quotation from "Sri Chakra\ Automotives(’ P) Lta”,Ongole for “Hyundai Creta SX(0) 4.5MPIMT PETROL" mist! car for |aetei Aa Canara Bank <4) : ONGOLE Necessary mandate for deduction of installment of principle amount with accrued interest from the salary is to bbe obtained from the Employee and lodged with the loan papers Other terms and conditions as per Car Loan Scheme to employees lay down in Advances to Employees manual and our HO citculars issued from time to time are to be complied with ‘Any escalation in the cost of vehicle is to be borne by the subject employee only Branch to send copy of the RC BOOK; Insurance cover note and road tax paid receipt to us without delay. Branch should confirm that there are no overdue in any loan account of the employee while forwarding any loan proposal to us. 8, Branch should ensure that endorsement of our Bank's hypothecation 98. Branch to inform us ifthe loan is not availed within six months from the date of sanction, [Link] to take an undertaking from the subject employee to clear the ostensible liability on or before date of superannuation from his /her own resources. 14.8ranch to obtain stamped receipt from the dealer /vendor/seller. [Link] to ensure physical verification ofthe vehicle. [Link] irregularity is to be reported to HRM Section, RO,Ongole as per HO CIR NO.88/2005, [Link] to be properly guided by the circulars issued by the bank with regars to stamp duty on documentation. [Link] to obtain RTA Forms FORM 28, 30, 35 in duplicate and should be kept with loan documents. [Link] lary Ing mentioning the Loan account No and f install Rss.12,500/- from the subject employee immediately to HRM Section. [Link] to be insured and end use to be ensured. [Link] to be notified. SANCTIONING AUTHORITY CONDITIONS: Permitted LHV of Rs.15.0LAKHS as recommended on terms and conditions of the scheme, End use to be ensured, Salary Input to be submitted to HRM Section NF482 to be submitted. Branch to ensure that our Bank Lien is noted in RC Copy ‘Asset to be insured with bank's clause Branch to ensure Mandatory Registration of Vehicles with VAHAN National Registry and search report of the same to be kept with the oan papers. > Branch to make sure that the Original Quotation been available with the loan papers. > Branch to adhere to LHV scheme guidelines. All terms and conditions as applicable to regular car loan scheme are to be complied with IAS PER ORDERS OF REGIONAL MANAGER DATED 03.09.2024// ‘Advances Section Ceto: 1, HRM Section,RO,Ongole [Link]. Ulli Ashok(113322) Manager, presently working at Kakarla Branch(13686). [Link] in charge, Kakaria Branch (13686).‘SPITE STUTT/ Advances Section aaa wrataT: RTT Regional Offic ‘SANCTION MEMORANDUM REF NO::ROOGLADVIDPN/113322/SLISTF-337/2024-25 Date:03.09.2024 To The Branch Incharge Canara Bank, Kakarla Branch(13686) Dear Sir/Madam, ‘SUBJECT: Sanction of Clean DI We are pleased to inform you that the competent authority has permitted the following DPN loan to the subject em- ployee with the terms and conditions mentioned here under: Ulli Ashok, Staff Id 113322, Manager, Kakarla Branch(13686). |LLOAN DETAILS: Nature oftoan | Clean DPN “Amount "Rs. 10,00,000/(Rupeos Ten Lakhs Oniy) Purpose | Domestic _ | Rate of interest _ | 7.45% (Compounded)Subject to change as per HO instructions Loan Tenure | 120 Monts Repayment | Rs 11,844/- IN 120 EMI'S - OTHER CONDITIONS: 1, The DPN loan should be maintained at the salary paying branch ONLY. 2. Atthe time of transfer of the employee, the DPN loan account also should be transferred promptly to the transferee place at a branch where he/she draw his/her salary and its mandatory 3. The irregularities in the loan account should be reported to concerned HRM/HOSA sections to initiate necessary action. If there is any default / over dues, penal interest should be charged as per our existing guidelines. Besides enhancement of loans /advances shall not be permitted even against approved securities so long as the irregularity continues 4. Recovery of outstanding liability under this DPN with up-to-date interest on account of cessation from service for ‘any reason out of terminal benefits shall have priority over other outstanding loans/advances in the name of the employee other than statutory deductions. 5. An undertaking letter to clear the entire liability with up to date interest within 10 years or superannuation oF cessation of service is to be obtained from the employee. 6. Branch to ensure the compliance of all the guidelines laid down in the Manual of instructions on Advances to em- Ployees (up dated til 31/03/2023) & HO CIR NO: 103/203, 268/2009,321/2009, 32/2013,142/2016, 478/2017, 35/2018, 1512019, 24/2019, 368/2020,625/2020, 126/2022,779/2022,298/20238458I2023, 7. Before disbursement of the proposed loan branch also to ensure the correctness of the details of the limits {availed under Clean OD/DPN) submitted by the subject employee in NF 425 by duly verifying these ac- counts. 8. Before disbursement of the subject loan branch to ensure the eligibility of the subject employee to avail ‘the same by re-checking the quantum of limits availed by him/her under the Clean OD /DPN li per eee [fc Boer pe were eer ve‘siffrH SFT) Advances Section Gta BTateT: HTT) Regional Office : Ongole the guidelines enumerated in [Link]. NO: 268/2009,321/2009,478/2017,36/2018,15/2019,24/2018, 368/2020, 25/2020, 126/2022,779/2022, 298/20238458/2023. ©. NE 482 should be submitted duly confirming compliance of sanction terms and conditions immediately 40 Branch to forward Salary Input i duly mentioning the Loan Account No and Recovery of instalment of Rs /from the subject employee immediate! M JIBY THE ORDERS OF REGIONAL MANAGER dated 03.09.2024// Sonidt Manager ‘Advances Section 2 v Vs cc To: “ 1. Branch in-charge, Kakarla Branch (19686). 2, HRM Section, RO,Ongole. 5. Mr Ulli Ashok(113322), Manager, Kakarla Branch(13686).