Date: 04/10/2014
Reference No. 83766392
Borrower Name MR YERRAGUNTA SRINIVAS RAO S/O PARISUDHARAO
MR.Yerragunta srinivas
Address
D NO 2-281/A
VELAGALERU
G.KONDUR MANDALAM
N.T.R DT
AP- 521229
India
Phone No 9581770653
Dear Sir,
Sanction of Credit Facilities
With reference to your request for credit facilities, we are pleased to convey our sanction of the following credit facilities
as per the terms and conditions given here under:
Borrower name MR YERRAGUNTA SRINIVAS RAO S/O PARISUDHARAO
Guarantor -
Total Amount Rs. 203972/- (Rupees Two Lakhs Three Thousand Nine Hundred Seventy
Two Only)
Credit Facilities Sanctioned
Sl.No Nature of Facility Limit Sanctioned Flat Rate Tenor(mths) / Installments Rs
interest (%) p.a.
1 1/USED TRACTOR LOAN 203972.00 9.91 % Tenor 36
Frequency A-ANNUALLY
Installment 34752.00
Interest rate computed 17 % p.a
on a reducing balance
method
Purpose 1) Purchase Of POWERTRAC PT 439
Registered Address : HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India. Email
ID:[email protected] Tel No:61606161 CIN(Corporate Identity Number):L65920MH1994PLC080618
Processing Fees 2
Pre EMI Interest for To be Collected from Borrower ( If Applicable)
Penal Interest for delayed payments 2% MONTHLY ON UNPAID INSTALLMENTS
Security-Primary Hypothecation charge PT 439 PLUS
Security Collateral
Stamp Duties/Legal Expenses All stamp duties, present and future to be explicitly borne and paid by the
Borrower. All other costs / legal expenses including for registration of
charges with ROC to be exclusively borne by
Insurance Comprehensive Insurance with Bank's interest noted in policy
Governing Laws Laws of India
Documentation You are required to submit/furnish, inter alia, the documents for the
purpose of availing the sanctions as required by the bank in the
order/manner.
Other Conditions The bank will have a right to review the facility
The borrower undertakes to produce asset as and when asked by the bank
for verification
The asset will not be transferred anywhere without bank's prior written
consent
We undertake to provide all original documents related to asset as and
when demanded by the bank
Sanction Letter Validity 90 DAYS
Other Special Terms and Conditions
Special Conditions
1. Vehicle financed by the bank to be hypothecated to bank before disbursement and Temporary RC Book to be furnished
with Bank's charge
2. Comprehensive Insurance policy with bank's interest noted therein to be obtained before disbursement
Registered Address : HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India. Email
ID:[email protected] Tel No:61606161 CIN(Corporate Identity Number):L65920MH1994PLC080618
3.1. Vehicle financed by the bank to be hypothecated to bank before disbursement and Temporary RC Book and
Invoice to be furnished with Bank's charge
2. Post disbursement Documents: Copy of RC book with bank's hypo charge and Comprehensive Insurance
Policy with bank's interest noted therein
3. Comprehensive insurance cover note with bank's interest noted therein to be obtained before disbursement
4. Full PDC / Rollover PDC /SPDC / SI Debit / ECS to be submitted for emi collections.
5. 2% of the loan amount to be paid towards processing fees.
6. Subject to RIC Positive.
4 . 1. ECS to be submitted for emi collections.
LOAN AMOUNT-203972/-,CP-9410/-,FP-7510/-
The facilities are being extended at the sole discretion of HDFC Bank and on the terms and conditions specified and in
general as well as pricing would be subject to periodic review, amendment or cancellation.
Kindly acknowledge and sign on the duplicate of this Sanction Letter as a token of your acceptance of all the
above terms and conditions and return the same to us along with the duly completed documentation as
required in the manner specified by the bank, in order to proceed ahead.
We look forward to your drawl of the proposed facilities and assure you of our best service always.
Yours Sincerely,
For HDFC Bank Limited
Authorized Signatory
Accepted :
Signature:
Name:
Date:
Registered Address : HDFC Bank House, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India. Email
ID:[email protected] Tel No:61606161 CIN(Corporate Identity Number):L65920MH1994PLC080618
