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

Conditions for Disbursement of the Loan. FIHFC shall not disburse the home loan to the Borrower unless the conditions mentioned in the Home Loan sanction letter and Loan Agreements are complied with, to the satisfaction and sole discretion of FIHFC.The conditions are including but not limited to the following: - a) Execution of loan agreement and such other ancillary documents b) Submission of postdated cheques/ECS etc. towards repayment of installments c) Creation of security in favour of FIHFC d) Utilization of disbursement should be towards acquisition/construction of property or as per the end use specified e) Non-disclosure of all facts might affect the lending decisions of FIHFC f) Intimate FIHFC of any change in his/her employment/contact details. g) Request for disbursement of the loan in writing (as per the manner prescribed by FIHFC). Such request shall be deemed to have been duly made when made by hand, mail or through website of FIHFC or such other form/manner as may be announced by FIHFC from time to time. h) Ensure that Borrower has absolute, clear and marketable title to the property (security) and the said property is absolutely unencumbered and free from any liability whatsoever. i) Ensure that no extra-ordinary or other circumstances have occurred which shall make it improbable forthe Borrower/s tofulfill their obligations underthe Loan Agreement for the present loan. j) Ensure that no event of default has happened in terms of the Loan Agreement executed/to be executed by the borrower. The following conditions shall be applicable for all other loans (except Home Equity Loans, Non-Residential Premises Loan and Top up Loans) wherein The Borrower shall: (i) Pay the own contribution amount (total cost of flat less the loan amount), as specified in the sanction letter. (ii) Regularly provide FIHFCinformation, including details regarding progress / delay inconstruction, any major damagetotheproperty, non-payment of taxes and statutory levies and charges,as may be applicable from time to time pertaining to property, etc. (iii) Ensure that construction being undertaken is as per the approved plan and has satisfied himself / herself that all required approvals for the project have been obtained by the developer (by the seller in case of resale purchase of property) (iv) Satisfy FIHFC on the utilization of the proceeds of any prior disbursements of the loan amount and provide adequate proof of the same.

Conditions for Disbursement of the Loan. FIHFC shall not disburse The conditions for the home loan to the Borrower unless the conditions mentioned in the Home Loan sanction letter and Loan Agreements are complied with, to the satisfaction and sole discretion of FIHFC.The conditions are including but not limited to the following: - a) Execution of loan agreement and such other ancillary documents b) Submission of postdated cheques/ECS etc. towards repayment of installments c) Creation of security in favour of FIHFC d) Utilization of disbursement should be towards acquisition/construction of property or as per the end use specified e) Non-disclosure of all facts might affect the lending decisions of FIHFC f) Intimate FIHFC of any change in his/her employment/contact details. g) Request for disbursement of the loan in writing (as per the manner prescribed by FIHFC). Such request Loan shall be deemed to have been duly made when made by handmentioned under the Loan Documents in details however, mail or through website of FIHFC or such other form/manner as may be announced by FIHFC from time to time. h) Ensure that Borrower has absolute, clear and marketable title to the property (security) and the said property is absolutely unencumbered and free from any liability whatsoever. i) Ensure that no extra-ordinary or other circumstances have occurred which shall make it improbable forthe Borrower/s tofulfill their obligations underthe Loan Agreement for the present loan. j) Ensure that no event of default has happened in terms some of the salient and major conditions are mentioned below: i. Submission of all relevant documents as mentioned by PNBHFL in the Sanction Letter / any other Loan Agreement executed/to be executed Documents ; ii. Legal & Technical Assessment of the Property ; iii. Payment of own contribution by the borrower. The following conditions shall be applicable for all other loans (except Home Equity Loans, Non-Residential Premises Loan and Top up LoansBorrower(s) wherein The Borrower shall: (i) Pay the own contribution amount (total cost of flat Property less the loan amountLoan Amount), as specified in the sanction letter.Sanction Letter ; iv. Providing adequate utilization proof of the Loan (iiin case of subsequent disbursement of the Loan) Regularly ; v. Undertaking by the Borrower(s) to regularly provide FIHFCinformationPNBHFL, all the information, including details regarding progress / progress/delay inconstructionin construction, any major damagetothepropertydamage to the Property, change in employment/contact details, non-payment of taxes and statutory levies and charges,as may be applicable from time to time pertaining to propertyProperty, etc.etc ; (iii) Ensure that vi. The construction of the Property is being undertaken is as per the approved plan and plans ; vii. The Borrower(s) has satisfied himself / himself/herself that all required approvals for the project (where the Property is situated) have been obtained by the developer (by ; viii. All required approvals for the Property have been obtained and are available with the seller in case the Property is being purchased in resale; ix. The Borrower(s) shall have taken all necessary corporate action and obtained all clearances (including corporate resolutions passed by its board of resale purchase directors and the shareholders of propertythe Borrower(s)/authorizations and resolutions from the board of trustees/authorization resolutions from board of limited liability partnerships/letter of authority from the partnership firms/letter of authority/power of attorney from coparceners of HUF for availment of the Loan and creation of Security, including pledge, third party mortgage or hypothecation as applicable, with respect to the execution of the relevant Loan Documents, transactions contemplated thereby and performance thereof. The Borrower(s) shall have delivered to PNBHFL certified true copies of such clearances/authorizations; x. [The Borrower(s) (iv, PNBHFL and escrow agent to enter into an escrow agreement or any other document(s) Satisfy FIHFC or agreement(s), as may be specified by PNBHFL, for depositing Receivables into the LRD Escrow Account, facilitating Disbursement and Repayment of the Amounts Due including creation of lien/charge on the utilization Escrow Account and in case of the proceeds a Company recording of any prior disbursements of the loan amount and provide adequate proof of the same.such charge]2 ;

Conditions for Disbursement of the Loan. FIHFC shall not disburse the home loan to the Borrower unless the conditions mentioned in the Home Loan sanction letter and Loan Agreements are complied with, to the satisfaction and sole discretion of FIHFC.The conditions are including but not limited to the following: - a) Execution of loan agreement and such other ancillary documents b) Submission of postdated cheques/ECS etc. towards repayment of installments c) Creation of security in favour of FIHFC d) Utilization of disbursement should be towards acquisition/construction of property or as per the end use specified e) Non-disclosure of all facts might affect the lending decisions of FIHFC f) Intimate FIHFC of any change in his/her employment/contact details. g) Request for disbursement of the loan in writing (as per the manner prescribed by FIHFC). Such request shall be deemed to have been duly made when made by hand, mail or through website of FIHFC or such other form/manner as manneras may be announced by FIHFC from time to time. h) Ensure that Borrower has absolute, clear and marketable title to the property (security) and the said property is absolutely unencumbered and free from any liability whatsoever. i) Ensure that no extranoextra-ordinary or other circumstances have ordinaryorothercircumstanceshave occurred which shall make it improbable makeitimprobable forthe Borrower/s tofulfill their obligations underthe stofulfill theirobligationsunderthe Loan Agreement for the present loan. j) Ensure that no event of default has happened in terms of the Loan Agreement executed/to be executed by the borrower. The following conditions shall be applicable for all other loans (except Home Equity Loans, Non-Residential Premises Loan and Top up Loans) wherein The Borrower shall: (i) Pay the own contribution amount (total cost of flat less the loan amount), as specified asspecified in the sanction letter. (ii) Regularly provide Regularlyprovide FIHFCinformation, including details regarding progress / delay inconstruction, any major damagetotheproperty, ,includingdetailsregardingprogress/ delayinconstruction,anymajordamagetothe property,non-payment of taxes and oftaxesand statutory levies and charges,as may be maybe applicable from time to time pertaining to property, etc. (iii) Ensure that construction being undertaken is as per xxxxx the approved plan and has satisfied hassatisfied himself / herself that all required approvals for the project have been obtained by the developer (by the seller in case of resale purchase of property) (iv) Satisfy FIHFC on the utilization of the proceeds of any prior disbursements of the loan amount and provide adequate proof of the same.

Conditions for Disbursement of the Loan. FIHFC shall not disburse the home loan to the Borrower unless the conditions mentioned in the Home Loan sanction letter and Loan Agreements are complied with, to the satisfaction and sole discretion of FIHFC.The conditions are including but not limited to the following: -following:- a) Execution of loan agreement and such other ancillary documents b) Submission of postdated cheques/ECS etc. towards repayment of installments c) Creation of security in favour of FIHFC d) Utilization Utilisation of disbursement should be towards acquisition/construction of property or as per the end use specified e) Non-disclosure of all facts might affect the lending decisions of FIHFC f) Intimate FIHFC of any change in his/her employment/contact details. g) Request for disbursement of the loan in writing (as per the manner prescribed by FIHFC). Such request shall be deemed to have been duly made when made by hand, mail or through website of FIHFC or such other form/manner as manneras may be announced by FIHFC from time to time. h) Ensure that Borrower has absolute, clear and marketable title to the property (security) and the said property is absolutely unencumbered and free from any liability whatsoever. i) Ensure that no extranoextra-ordinary or other circumstances have ordinaryorothercircumstanceshave occurred which shall make it improbable makeitimprobable forthe Borrower/s tofulfill their obligations underthe stofulfill theirobligationsunderthe Loan Agreement for the present loan. j) Ensure that no event of default has happened in terms of the Loan Agreement executed/to be executed by the borrower. The following conditions shall be applicable for all other loans (except Home Equity Loans, Non-Residential Premises Loan and Top up Loans) wherein The Borrower shall: (i) Pay the own contribution amount (total cost of flat less the loan amount), as specified asspecified in the sanction letter. (ii) Regularly provide Regularlyprovide FIHFCinformation, including details regarding progress / delay inconstruction, any major damagetotheproperty, ,includingdetailsregardingprogress/ delayinconstruction,anymajor damagetothe property,non-payment of taxes and oftaxesand statutory levies and charges,charges , as may be maybe applicable from time to time pertaining to property, etc. (iii) Ensure that construction being undertaken is as per xxxxx the approved plan and has satisfied hassatisfied himself / herself that all required approvals for the project have been obtained by the developer (by the seller in case of resale purchase of property) (iv) Satisfy FIHFC on the utilization utilisation of the proceeds of any prior disbursements of the loan amount and provide adequate proof of the same.

Conditions for Disbursement of the Loan. FIHFC shall not disburse the home loan to the Borrower unless the conditions mentioned in the Home Loan sanction letter and Loan Agreements are complied with, to the satisfaction and sole discretion of FIHFC.The conditions are including but not limited to the following: -following:- a) Execution of loan agreement and such other ancillary documents b) Submission of postdated cheques/ECS etc. towards repayment of installments c) Creation of security in favour of FIHFC d) Utilization Utilisation of disbursement should be towards acquisition/construction of property or as per the end use specified e) Non-disclosure of all facts might affect the lending decisions of FIHFC f) Intimate FIHFC of any change in his/her employment/contact details. g) Request for disbursement of the loan in writing (as per the manner prescribed by FIHFC). Such request shall be deemed to have been duly made when made by hand, mail or through website of FIHFC or such other form/manner as manneras may be announced by FIHFC from time to time. h) Ensure that Borrower has absolute, clear and marketable title to the property (security) and the said property is absolutely unencumbered and free from any liability whatsoever. i) Ensure that no extranoextra-ordinary or other circumstances have ordinaryorothercircumstanceshave occurred which shall make it improbable makeitimprobable forthe Borrower/s tofulfill their obligations underthe stofulfill theirobligationsunderthe Loan Agreement for the present loan. j) Ensure that no event of default has happened in terms of the Loan Agreement executed/to be executed by the borrower. The following conditions shall be applicable for all other loans (except Home Equity Loans, Non-Residential Premises Loan and Top up Loans) wherein The Borrower shall: (i) Pay the own contribution amount (total cost of flat less the loan amount), as specified asspecified in the sanction letter. (ii) Regularly provide Regularlyprovide FIHFCinformation, ,including details regarding progress / delay inconstruction, any major damagetotheproperty, detailsregarding progress/ delayinconstruction,anymajordamage tothe property,non-payment of taxes and oftaxesand statutory levies and charges,charges , as may be maybe applicable from time to time pertaining to property, etc. (iii) Ensure that construction being undertaken is as per xxxxx the approved plan and has satisfied himself / herself that all required approvals for the project have been obtained by the developer (by the seller in case of resale purchase of property) (iv) Satisfy FIHFC on the utilization utilisation of the proceeds of any prior disbursements of the loan amount and provide adequate proof of the same.

Conditions for Disbursement of the Loan. FIHFC shall not disburse the home loan to the The Borrower unless the conditions shall: a. submit all relevant documents as mentioned in the Home Sanction Letter/Loan sanction letter and Loan Agreements are complied with, to the satisfaction and sole discretion of FIHFC.The conditions are including but not limited to the following: -Agreement. a) Execution of loan agreement and such other ancillary documents b) Submission of postdated cheques/ECS etc. towards repayment of installments c) Creation of security in favour of FIHFC d) Utilization of disbursement should be towards acquisition/construction of property or as per the end use specified e) Non-disclosure of all facts might affect the lending decisions of FIHFC f) Intimate FIHFC b. intimate SMHFC of any change in his/her his employment/contact details. g) Request c. request for disbursement of the loan in writing (as per the manner prescribed by FIHFCSMHFC). Such request shall be deemed to have been duly made when made by hand, mail or through website of FIHFC or such other form/manner as may be announced by FIHFC SMHFC from time to time. h) Ensure d. comply with all preconditions for disbursement of the loan as mentioned in the Sanctioned Letter. e. ensure that Borrower he has absolute, clear and marketable title to the property (security) and the said property is absolutely unencumbered and free from any liability whatsoever. i) Ensure f. ensure that no extra-ordinary or other circumstances have occurred which shall make it improbable forthe Borrower/s tofulfill their for the Borrower to fulfill his obligations underthe under the Loan Agreement for the present loan. j) Ensure g. ensure that no event of default has happened in terms of the Loan Agreement executed/to be executed by the borrower. . h. The following conditions shall be applicable for all other loans (except Home Equity Loans, Non-Residential Premises Loan and Top up Loans) wherein : The Borrower shall: (i) Pay pay the own contribution amount (total cost of flat less the loan amount), as specified in the sanction letter. (ii) Regularly regularly provide FIHFCinformationSMHFC information, including details regarding progress / delay inconstructionin construction, any major damagetothepropertydamage to the property, non-payment of taxes and statutory levies and charges,, as may be applicable from time to time pertaining to property, etc. (iii) Ensure ensure that construction being undertaken is as per the approved plan and has satisfied himself / himself/herself that all required approvals for the project have been obtained by the developer (by the seller in case of resale purchase of property). (iv) Satisfy FIHFC satisfy SMHFC on the utilization of the proceeds of any prior disbursements of the loan amount and provide adequate proof of the same.

Conditions for Disbursement of the Loan. FIHFC shall not disburse the home loan The Loan would be disbursed subject to fulfilment of various terms and conditions. The broad conditions are that the Borrower unless shall Fulfil all the conditions mentioned in the Home Loan sanction letter and Loan Agreements are complied with, to the satisfaction and sole discretion of FIHFC.The conditions are including but not limited to Xxxxxx Submit the following: - a) Execution of loan agreement and such other ancillary documents b) Submission of postdated cheques/ECS etc. towards repayment of installments c) Creation of security in favour of FIHFC d) Utilization of disbursement should be towards acquisition/construction of property or as per the end use specified e) Non-disclosure of all facts might affect the lending decisions of FIHFC f) Intimate FIHFC of any change in his/her employment/contact details. g) Request for disbursement of the loan Disbursement request form in writing (as per the manner prescribed by FIHFC). Such request shall be deemed to have been duly made when made by hand, mail or through website of FIHFC or such other form/manner as may be announced by FIHFC from time to time. h) Ensure that Borrower the borrower has absolute, clear and marketable title to the property (security) and the said property is absolutely unencumbered free from all encumbrances and free from any liability whatsoever. i) whatsoever Ensure that no extra-ordinary or other circumstances have occurred which shall make it improbable forthe Borrower/s tofulfill their obligations underthe Loan Agreement for the present loan. j) Ensure that no event of default has happened in terms construction of the Loan Agreement executed/to be executed by the borrower. The following conditions shall be applicable for all other loans (except Home Equity Loans, Non-Residential Premises Loan and Top up Loans) wherein The Borrower shall: (i) Pay the own contribution amount (total cost of flat less the loan amount), as specified in the sanction letter. (ii) Regularly provide FIHFCinformation, including details regarding progress / delay inconstruction, any major damagetotheproperty, non-payment of taxes and statutory levies and charges,as may be applicable from time to time pertaining to property, etc. (iii) Ensure that construction being undertaken property is as per the approved plan plans Execution of loan agreement and has satisfied himself / herself that all required approvals for the project have been obtained such other documents as prescribed by the developer (by the seller in case Xxxxxx along with proof of resale purchase of property) (iv) Satisfy FIHFC on the utilization own contribution receipts Create of the proceeds security in favour of any prior disbursements Xxxxxx. Repayment of the Loan and Interest EMI Commencement date of EMI Due Date of EMI Total No of EMIs Till the final disbursement is made, Pre-EMI interest is payable every month at the rate mentioned above from the date of each disbursement up to the date of commencement of EMI. The EMIs are payable on a fixed due date every month and Xxxxxx would make best efforts to remind the customers regarding the due date of the EMIs. However, the customers are expected to honour the repayment without fail. The borrowers are clearly explained the procedure for repayment of the loan in terms of tenure, frequency, instalment amount and provide adequate proof mode or repayment of the sameloan. It shall be the liability of the customer to ensure the timely repayment of all the dues. It is advised that borrowers should ensure the timely payment of all instalments to avoid any adverse impact on their credit history as we submit the credit behaviour information of all the borrowers on a monthly basis to credit Bureaus like CIBIL, Equifax, Experian, High Mark etc. In the event of default, the borrower will be sent reminders for settlement of any outstanding amounts on their home loans by way of telephonic calls, SMSes, post, e-mails, or by engaging third parties to remind, follow-up and for collection of pending dues. Intimation letters and reminder notices will be sent to the borrowers before initiating any steps for the recovery of pending dues under various applicable provisions of law like Negotiable Instruments Act, SARFAESI Act, or Civil Suit and so on. The recovery process will be in accordance with directions laid down under the respective laws which might include physical possession and sale of the mortgaged property. Hence, Xxxxxx will make a serious of efforts including telephonic calls, customer visits, and written communication to ensure the collection of dues from the delinquent borrowers before resorting to legal course of action. Customers can visit our branch during visiting hours between 10 a.m. and 5 p.m. from Monday to Friday & from 10 a.m. to 1 p.m. on Saturdays (except on public holidays) Customers can contact us at +91-80-2655 2822 between 10 a.m. and 5 p.m. from Monday to Friday & from 10 a.m. to 1 p.m. on Saturdays (except on public holidays) Customers can also reach us vide e-mail: xxxxxxx@xxxxxxxxxxxxx.xxx Customers may obtain the following by means of a simple application Loan Account Statement: 7 Days Photocopy of title documents: 15 days Return of original documents on closure/transfer of loan: 21 days Annual Outstanding balance statement: Available on demand. Nivara may disclose any information/documents relating to the borrower to any third party for credit verification, regulatory or promotional purpose. Also Nivara may send SMS to your mobile/e-mail you for information & updates pertaining to your loan account.