1.The disbursement of the loan is subject to the execution / submission of necessary documents which forms part of the overall sanction
communication from the Company.
2.After 3 months of continuous non payment of emis,company posses all sole rights to sale ptoperty/vehicle after intimation to customer on leagl advisory terms.customer need to respond in 7 working days
3. This Loan Offer Letter supersedes all previous loan offer letters / sanction letters, including any other written or oral communication, if
any for the above mentioned Loan Account Number.
4. Any additional cost such as payment towards meter charges, society formation, one time maintenance etc, should be paid by Borrower directly.
5. The Company shall, at any time, be entitled to add to, delete or modify any of the aforesaid terms and conditions. The sanctioning of
Loan Amount is at the sole discretion of the Company.
6. In event of Borrower failing to pay EMI / Pre-EMI on the due date, overdue interest at 36% per annum shall be chargeable on the EMI /
Pre-EMI amount for the delayed period.
7. In event of default in payment of interest at Pre- EMI stage (Partly disbursed cases) or Event of Default as defined in Loan Agreement, the
Company reserves the sole right to stop further disbursements in line with the progress of construction.
8. Processing fees is not refundable in event that the Borrower decides not to avail the Loan.
9. In the event that the Company cancels the Loan in its sole discretion, the Login Fees portion will not be refundable.
*Under this Scheme, the Annualised Interest Rate will automatically get converted from the Fixed Interest Rate to the prevailing Floating
Interest Rate on expiry of the initial Fixed rate tenure as per the Scheme. Such floating rate of interest shall vary in accordance with the
company’s BPLR (Basic prime lending rate) from time to time. The Borrower will also have the option to request the Company to continue with the
Fixed Interest Rate as per the fixed rate scheme available at that time. On acceptance of such a request by the Company, the Loan will continue
to be governed by the Fixed Interest Rate as per the fixed rate scheme available at that time. The Customers shall be informed about the
applicable floating rate of interest upon reset from fixed rate of interest as mentioned above, at their registered correspondence address or e-mail
address.
10. Notwithstanding anything contained in this Loan Offer Letter, the Company reserves the right, without assuming any liability and without any prior
notice, to unconditionally revoke, cancel, alter, modify or change, at any time, any of the facilities sanctioned / commitments made at its sole
discretion for any reason whatsoever.
11. The Company reserves the right, without assuming any liability and without any prior notice, to cancel the loan if the requisite documents as
communicated by the Company are not produced within 30 days from the date of disbursement of the loan.
12. The Borrower shall be classified as “Non-Individual” if any of the borrowers / co-borrowers falls under the category of Partnership Firm, Limited
Liability Partnership, Private Limited Company, Public Limited Company or any other body Corporate.
13. In case of Equitable Mortgage by way of Deposit of title deed (for Maharashtra Location) the mortgagor has to mandatorily file a notice of intimation
of such mortgage in the sub registrar office. Any person who fails to file such notice shall be liable for punishment under section 89C of the
Registration Act. Receipt of the same needs to be submitted by the borrower to LTFL.
14. Please be informed that at the time of disbursal the sanction and disbursed amount will be increased towards the extent of the broken period
interest (BPI) in case of disbursement towards a Financial Institution. Final disbursal amount will be higher than the sanctioned amount mentioned
