To,                                                                                 Date:
               (Applicant)
               (Address)
               Contact Number:
               Ref Number:  LOS ID – ____________
               Dear Sir/Madam
               At your request, we are pleased to advice in principle sanction of a Secured Loan on the agreed terms and conditions as
               per this letter.
               Terms and Conditions of Loan
               Facility Amount (Rs)                   Rs
               Purpose / End Use
               Type of Interest                       Fixed
               Applicable Interest rate                   % per annum
               Tenor (Months)                         84 months
               Repayment (EMI)                        Equated monthly installments of Rs      /-  towards payment of principal and
                                                      interest
                                                       th
               EMI Payment Date                       4  of every month
               Security                               Against the property address situated at:
                                                      The borrower shall produce such papers, reports and evidence pertaining to
                                                      the above mentioned security for scrutiny by HDB Financial Services Ltd.
               Security PDC’s                         As applicable 
               Processing Fee [ Non Refundable]       Rs (plus taxes as applicable)
                                                      Processing fee shall be recovered and is payable by the borrower immediately
                                                      on receipt of this sanction letter. Non availing of the loan shall not affect the
                                                      rights of company to recover the processing fees.
               Application Fee [Non Refundable ]      Rs (plus taxes as applicable)
               Additional Interest / Fees / Charges   As per Schedule I of the Loan agreement
               Stamp Charges if any                   Rs 
                                                      Stamp duty on loan agreement and on registered mortgage shall be borne by
                                                      the borrower 
                                                      HDB Financial Services shall not be responsible or liable for the same.
               CERSAI Charges                          Rs 100 + taxes as applicable per property
               Other Charges if any                   Rs
               Prepayment charges                     Prepayment allowed only after 6 months. After completion of 6 months,
                                                      charges shall be as under:
                                                      7 to 36 months – 4%, of principal outstanding
                                                      After 36 months – 2%of principal outstanding 
                                                      (plus taxes as applicable from time to time on such amount as is prepaid.)
                                                      In case you intend to prepay the loan, a written request needs to be submitted
                        at our branch providing us a notice period of 30 days for your prepayment
                        request.
       Insurance        The borrower shall always keep the property insured against fire, earth quake
                        terrorism, floods etc. A copy of the insurance policy shall be submitted to HDB
                        Financial Services branch every year.
       This letter shall form an integral part of the loan agreement and other documents to be executed by yourselves and shall
       be governed by the terms and conditions as contained in the loan agreement. The terms specifically contained in this
       letter shall have precedence over the loan agreement. The offer is valid for 30 days from the date of the sanction. Stamp
       duty and other processing charges, if any on the loan documents shall be borne and paid by the Borrower only and HDB
       Financial Services shall not be responsible or liable for the same.
       Depending on the valuation of security/ property from time to time, the company may ask for additional security as may
       be required to retain necessary margin.
       Repayment is by EMI (Equated Monthly Installments) which comprises of principal and interest calculated on the basis of
       monthly rests at the rate applicable.  EMI will be applicable on disbursed amounts. All accounts are subject to a quarterly
       review. The company reserves the right to increase interest rates on the said facility by the penal/ default interest rate
       mentioned in Schedule I of the loan agreement, if the conduct of the account is found to be unsatisfactory with respect to
       repayment of the EMI. 
       HDB Financial Services Ltd shall be informed in writing about any change/loss of job/business, profession,  (as the case
       may be) immediately after such change/loss.
       HDB Financial Services Ltd shall be allowed to inspect the collateral with prior notice and submit the financials on yearly
       basis on request.
       HDB Financial Services Ltd shall have a general lien and right to set-off all your monies/securities standing to the credit in
       any loan account(s) held with us.
       HDB Financial Services Ltd shall debit/adjust/hold lien on any such account(s)/securities, against any principal or interest
       or other dues payable by you to us.
       HDB Financial Services Limited reserves the right to withdraw and/or amend any of the terms and conditions hereof
       (including to reduce or cancel the loan) at its sole discretion, in the event of any change in circumstances & subject to
       legal and title clearance of the collateral offered.
       This letter of offer shall stand revoked and/or cancelled and shall be absolutely null and void if:
       a) There are any material changes in the proposal for which the Loan is sanctioned;
       b) Any statement made in the loan application or documents submitted by you are found to be incorrect or untrue.
       Kindly confirm your acceptance of the aforesaid terms and conditions by signing on all pages of this sanction letter and
       returning the same to us.
       We value your relationship with us and assure you of our best services always.
       Yours faithfully,
       For HDB Financial Services Limited
       (Authorized Signatory)
                (BCM / ACM     Name – Designation and Employee Number) 
               Special Conditions if Any:
                   ✔    In case of Balance Transfer, BT Kit containing Letter of Authority duly signed by all borrowers, Affidavit Buyover,
                        Loan Buyout Authorization to be submitted as per prescribed format along with LOD & prepayment statement
                        from the current financier.
                   ✔ MOE / MOTD / PTM to be done for the collateral
                   ✔ Fixed Deposit of Rs ________ to be created in HDFC Bank and lien to be marked in favor of HDB Financial
                        Services Limited
                   ✔ The above mentioned loan amount includes Credit Protect Insurance (CP+) Premium amount
                   ✔ Property Insurance to be done for the collateral
               Additional Documentation if Any:
                   ✔    Loan Agreement + Demand Promissory Note
                   ✔    ACH / ECS Mandate to be given for EMI payable.
                   ✔ 1 Cheque towards entire loan amount
               We accept
               Name                                                                      Signature and Date 
               1.                                                                        ___________________
               2.                                                                        ___________________
               3.                                                                        ___________________