SANCTION LETTER

Sanction ID: DLCMPLAP-02250095786

Loan No: LNCMPLAP-02250053887
Branch: COIMBATORE-POLLACHI

Date: 25-02-2025

Borrower's Name: RAJAN SHANMUGASUNDRAM

Co-Borrower's/Guarantor’s Name: SRIPRIYA V
1/ 183, MADURAIBVEERAN KOVIL STREET,
REDDYARUR, ARTHANARI PALAYAM, POLLACHI,
COIMBATORE, TAMIL NADU, INDIA, 642007
Contact No: 9600381868

Sub: Sanction letter for LAP (the “Sanction Letter”) – Ref Application No. 2025021370792

Dear Customer,

We thank you for choosing Niwas Housing Finance Private Limited (Formerly, IndoStar Home Finance Private Limited)
('Niwas' or 'Company' or 'NHFPL' or the 'Lender' , which term shall mean and include its transferees and assigns as the case
may be) as your financier for your Loan. We are pleased to inform you that with reference to the above application, we have a
pleasure in sanctioning for a LAP (the “Loan”) as per terms and conditions mentioned below and overleaf:

Type of Loan LAP

Loan Amount Sanctioned Rs. 660000.00
Scheme Desc LAP SORP
Purpose of the Loan CLOSURE OF HAND LOAN / OTHER LOAN
AANAIMALAI TALUK, COIMBATORE DISTRICT 642007. ,ARIJANA
CCOLONY, ARTHANARIPALAIYAM VILLAGE ,R. S NO( OLD) - 8/ 5B, R. S
Details of the Property
NO( NEW) - 477/ 5 ,Reddiarur B. O ,COIMBATORE ,TAMIL NADU ,INDIA -
(for which Loan is sanctioned)
642007

Tenure 144 months

Interest Type Floating
Floating Rate of Interest: 17.00% per annum linked to the Benchmark Rate and
Spread. The Spread will remain constant throughout the tenor of the Loan subject
to the terms of Loan documents.
Rate of Interest
Benchmark Rate (+/-)Spread
Present Benchmark Rate: 17.25% per annum
Spread: -0.25% per annum
Amount of EMI Rs: 10771.00
10th of every month
EMI date

As mentioned in the 'Key Fact Statement' attached herewith

Frequency of repayment

As mentioned in the 'Key Fact Statement' attached herewith

Repayment Date(s)

As mentioned in the 'Key Fact Statement' attached herewith

Breakup Between Principal and Interest

Niwas Housing Finance Private Limited

(Formerly known as IndoStar Home Finance Private Limited)
Registered Office:Unit No. 305, 3rd Floor, Wing 2/E, Andheri-Ghatkopar Link Road, Chakala, Andheri (East), Mumbai - 400093,INDIA
CIN : U65990MH2016PTC271587 T : +91 2265202222 Email : connect@[Link] Website : [Link]
 Example: If due date of a loan account is March 31, 2021,and full dues
are not received before the lending institution runs the day-end process for this date,
the date of overdue shall be March 31, 2021. If it continues to remain overdue,then
this account shall get tagged as SMA-1 upon running day-end process on April 30,
2021 i.e. upon completion of 30 days of being continuously overdue. Accordingly,
the date of SMA-1 classification for that account shall be April 30, 2021.
Similarly,if the account continues to remain overdue,it shall get tagged as SMA-2
upon running day-end process on May 30, 2021 and if continues to remain overdue
SMA/NPA Example
further, it shall get classified as NPA upon running day-end process on June 29,
2021.

It is clarified that only upon making payment of all overdue amounts including
Interest and Principal (save cases where any loan recall notice has been issued or
enforcement/recovery proceedings has been initiated by the Lender in accordance
with the provisions of this Agreement) the classification of loan account of the
Borrower may be upgraded to standard as per the extant RBI Guidelines.

Mortgage Origination Fees ( With GST) Rs. 3540.00

Admin Fees ( With GST ) Rs. 19470.00
Insurance Amount Rs. 32618
To be borne by the customer and as mentioned in the 'Key Fact Statement' attached
Cost,Penal Charges and other expenses herewith
including stamp duty,registration,GST etc

Refer to the Schedule of charges available at [Link] be borne by

Details of cost, charges and other expenses customer

Stamp duty, registration charges and statutory To be borne by the applicant as per the prevalent stamp duty rates applicable in the
charges payable on the Loan Agreement,security respective states
creation document(s) etc
Validity of Sanction Letter 90 days from date of this letter
Subject to MODT / NOI has to be done in favour of IHFPL
Subject to positive Legal Clearance
Subject to repayment has to be done from CITY UNION BANK A/C. No:-
500101013979848, BSV if PF is not debited from the same account
Subject to all other verifications has to be positive
Subject to revenue document for residential proof of collateral property has to be
provided
Sanction Terms (in addition to other terms Subject to Insurance amount has to be deducted from loan amount.
and conditions specified herein)
Subject to IMD clearance
Subject to Enduse letter required in IHFPL format
Subject to Positive RCU clearance.
Subject to BCM property visit report to be positive
End use letter to be collect.
Subject to condition Applicant Personal loan Rs.2329 and Rs.14219 closer proff to
be collect.
Other Terms and Conditions As customary and as specified under “ 'Key Fact Statement' and 'Other' Most
Important Terms & Conditions” and transaction documents to be executed in relation
to the Loan

In order to expedite the disbursement of this Loan, we request you to kindly contact your relationship manager who will

Niwas Housing Finance Private Limited

(Formerly known as IndoStar Home Finance Private Limited)
Registered Office:Unit No. 305, 3rd Floor, Wing 2/E, Andheri-Ghatkopar Link Road, Chakala, Andheri (East), Mumbai - 400093,INDIA
CIN : U65990MH2016PTC271587 T : +91 2265202222 Email : connect@[Link] Website : [Link]
assist/provide you with all the information and requirements pertaining to the Loan. You can also write to us at
connect@[Link]
As a token of your acceptance of this letter, we request you to kindly sign and return a copy of this letter within 90 days from
the date of this letter, after which this letter shall stand revoked and cancelled for all purposes and intents.

We look forward to hearing from you.

STANDARD TERMS & CONDITIONS

(Please read carefully before signing)

1. The rate of interest applicable on your Loan is subject to a periodic review and can be modified at the discretion
of the Lender at any point in time during the Tenure.
2. In the event of variation/modification in the interest rate as aforesaid, the borrower shall be given the choice to opt
for either enhancement in EMI or elongation of tenor or for a combination of both options or to prepay, either in
part or in full, at any point during the tenor of the loan or switching over to a fixed interest rate. Such option of
switching the type of interest i.e. change from floating to fixed or vice-versa shall not exceed two times along with
applicable charges.
3. The decision to grant or reject the loan and interest rate applicable to each loan account is assessed on case to
case basis, based on multiple factors such as borrower’s profile , financial obligations , past repayment track
record , Loan to Value Ratio, quality and location of the security offered for loan, end use of the loan amount and
overall credit worthiness etc. as enumerated in the Interest Rate Policy of the Company which is hosted on the
Company's website at viz [Link].
4. Please note that NHFPL reserves the right to amend any of the terms & conditions or cancel and recall the Loan
at any time at its sole discretion. Additionally the sanction of the Loan shall stand revoked and cancelled in any of
the following scenarios:

a) If any statement in the Loan application form submitted by you and/or any document(s)
/representations/statement given by you in relation to the Loan is found to be misleading or incorrect;
and/or
b) If there is any material change in the process/policies on the basis of which the Loan has (in principally)
been sanctioned to you by NHFPL and/or;
c) If any material fact concerning your house, residential status, employment or ability to repay or any other
relevant aspect/information is supressed or concealed
d) The Applicant(s) hereby agree, acknowledge and confirm that the Applicant(s) have clearly understood
and are well aware about the specific and exact dates of repayment, how classification of SMA & NPA
shall happen on account of non-payment on particular dates and consequences which will follow thereon.
The same has also been explained by the representatives of NHFPL to the Applicant(s) in detail with
examples and illustrations specific to the Loan being availed by the Applicant(s), to the satisfaction of the
Applicant(s).
5. This Sanction Letter forms an integral part of the Loan Agreement to be executed between the Company and
Borrower. The Loan Agreement may/will contain the terms and conditions in addition to those set out in this
Sanction Letter.
6. The Borrower(s) / Co-Borrowers and the Guarantors (if any) shall be deemed to have given their express consent
to the Company to disclose the information and data furnished by them to the Company and also those regarding
the Loan facility to such credit information companies as prescribed by the National Housing Bank /Reserve Bank
of India and/or any other statutory / regulatory authority.
7. This Sanction Letter and Key Fact Statements (KFS) supersedes any prior oral and written communication with
the Borrowers. This letter and Key Fact Statements (KFS) is being sent in duplicate. Kindly return the duplicate
copy duly signed by Borrower(s), Co-Borrower(s) and guarantor(s) (if any) as a token of acceptance to the above.

8. The Borrower(s) / Co-Borrower(s) agrees that in case of non-completion of construction of dwelling unit within 36
months of availing the first disbursement, the Company has a right to convert the loan into Non-Housing Loan
and to charge such rate of interest as applicable as per its internal policy, with or without notice.
9. Borrower(s) / Co-Borrower(s) agrees to inform the Company in writing about any change in (i)
current/correspondence address, (ii) change in employment, loss of job, business, profession, as the case maybe
immediately after such change/ loss; (iii) notify the causes of delay, loss / damage/addition/alteration to the
property.
10. The Applicant has an option to enrol under Group Insurance scheme (with Niwas as the Master Policyholder).
However, the Applicant is free to avail insurance from any of insurance intermediaries and in case of any
violation, can report it to connect@[Link].

Niwas Housing Finance Private Limited

(Formerly known as IndoStar Home Finance Private Limited)
Registered Office:Unit No. 305, 3rd Floor, Wing 2/E, Andheri-Ghatkopar Link Road, Chakala, Andheri (East), Mumbai - 400093,INDIA
CIN : U65990MH2016PTC271587 T : +91 2265202222 Email : connect@[Link] Website : [Link]
 11. By accepting the Sanction, the Borrower(s) / Co-Borrower(s) accepts and confirms that the Loan to be availed by
them shall be utilized only for the purposes for which it has been granted.
12. The Borrower(s)/Co-Borrower(s) hereby provide its consent to the NHFPL to co-lend, assign, transfer, securitize
their loan to any partner banks/financial institution/such other entity as per the Company's Policy and in
accordance with the applicable law.
13. The Borrower(s)/Co-borrower(s), if applicable can collect the property documents post 15 days of full
repayment/settlement of loan account from its home branch or any other branch of the Company. If the Borrower
(s)/Co-borrower(s), wishes to collect the documents from any branch other that its home branch they should write
to the NHFPL at connect@[Link] with details of preferred branch immediately on making full
repayment/settlement of loan. In case NHFPL do not receive any such request within 1 working day of full
repayment/settlement of loan, the documents will be made available for handover at the home branch.

14. Acceptance of this letter is a confirmation that, the Borrowers has read and understood the contents as
mentioned aforesaid and Standard Terms & Conditions listed.
Thanking you
Yours Sincerely,
For Niwas Housing Finance Private Limited(Formerly known as IndoStar Home Finance Private Limited)
Authorised Signatory

Name:

Place

I/ We have read the terms & conditions including Fees and/Charges mentioned in this Sanction Letter and accept
the same.

Signature of the Borrower Signature of the Co- Borrower

Name: Name:

Place: Place:
Date: Date:

Signature of the Co- Borrower /Guarantor Signature of the Co- Borrower /Guarantor

Name: Name:
Place: Place:
Date: Date:

For Online Acceptance

Applied, Accepted, Authenticated, Signed and Delivered by the Applicant(s) through electronic form, by clicking “I
Accept” button in the online system/ application/ Website made available for processing loans withNiwas Housing
Finance Private Limited(including through its authorized service providers) as well as entering the Aadhar based
one-time password (OTP).
I/We agree that my action of entering the OTP sent by NHFPL and by clicking the “Submit” button, constitute a
valid acceptance by me of the terms contained herein and creates a binding and enforceable agreement between
me and NHFPL.

Niwas Housing Finance Private Limited

(Formerly known as IndoStar Home Finance Private Limited)
Registered Office:Unit No. 305, 3rd Floor, Wing 2/E, Andheri-Ghatkopar Link Road, Chakala, Andheri (East), Mumbai - 400093,INDIA
CIN : U65990MH2016PTC271587 T : +91 2265202222 Email : connect@[Link] Website : [Link]