Common use of Conditions for Disbursement of the Loan Clause in Contracts

Conditions for Disbursement of the Loan. Submission of all relevant documents as mentioned by BHFL in the Sanction Letter, Loan Agreement and other Loan Documents; • The following additional conditions will also have to be satisfied by the Customer: o Legal & Technical Assessment of the Property; o Clear, marketable and unencumbered title of the property offered as security; o If the loan is a Home Loan, proof of payment of the own contribution towards the purchase of the Property by the Borrower has to be submitted to BHFL; o The construction carried out over the Property/ies has been undertaken as per the approved plans and as per applicable laws/bye-laws/rules and regulations; o All required approvals (including, but without limitation, the approved plans and the statutory approvals) for the property have been obtained and submitted to BHFL.

Conditions for Disbursement of the Loan. Submission of all relevant documents as mentioned by BHFL in the Sanction Letter, Loan Agreement and other Loan Documents; • The If it is a secured Loan, the following additional conditions will also have to be satisfied by the Customer: o Legal & Technical Assessment of the Property; o Clear, marketable and unencumbered title of the property offered as security; o If the loan is a Home Loan, proof of payment of the own contribution towards the purchase of the Property by the Borrower has to be submitted to BHFL; o The construction carried out over the Property/ies has been undertaken as per the approved plans and as per applicable laws/bye-laws/rules and regulations; o All required approvals (including, but without limitation, the approved plans and the statutory approvals) for the property have been obtained and submitted to BHFL.