20.1 Purpose and Articles to be purchased 20.2 Eligibility 20.3 Quantum of Consumer Loan 20. Quantum of Car Loan 20.! "argin 20.# $ecurity 20.% &ate of 'nterest 20.( &epayment of Loan 20.) $er*ice Charge and Processing +ee 20.10 $anctioning Authority 20.11 ,ther ,perational guidelines Anne-ure.A Anne-ure./ UNITED CONSUMER LOAN SCHEME 'n order to meet the gro0ing demand of the customers for loan for purchasing *arious 1inds of consumer articles2 the /an1 has introduced 34'5E6 C,4$3"E& L,A4 $C7E"E. 5he latest circulars and guidelines issued on this sub8ect are to be read 0ith this chapter 5he salient features and guidelines of the $cheme as appro*ed by the /an1 are highlighted belo0 9 20.1. Purpose : Articles eligible for procurement under the scheme9 Purchase of &efrigerator2 $tereo $ystem2 5ele*ision $et2 :C&2 :CP2 Coo1ing &ange2 ;ashing "achine2 Air Conditioner2 +urniture2 "icro0a*e ,*en and other household utility goods2 Computer and Accessories2 5ele-2 +a- "achine2 50o ;heeler etc.
20.2. Eligibility : 5he Prospecti*e borro0er should maintain a $a*ings<Current 6eposit<5erm 6eposit A<C 0ith the /an1 =>?C complied@ and fulfill the follo0ing criteria. 20.2.1 Any indi*idual 0ith a minimum net income =ta1e home salary for salaried person@ of &s.!2000<. per month. 20.2.2. 'n case of salaried persons the applicant has been in regular ser*ice for at least 1 year and should ha*e a minimum left o*er ser*ice to co*er the period of repayment of loan. 20.2.3. 'n respect of 0or1ing couple2 net income of the spouse may be considered for the purpose of computing net income and monthly instalments2 pro*ided the spouse 8oins as co.borro0er and monthly instalment may be realised from the salaries of either of them. 20.2.. Professional and self.employed persons should be at least 2 years in their profession. 20.2.!. 5he employees of 3nited /an1 of 'ndia shall also be eligible for loan under the scheme in compliance of the terms and conditions of the scheme and pro*ided the applicant employee does not en8oy clean ,6 limit as is a*ailable to the members of staff of the /an1. 2!"! #u$%tu& o' Co%su&er Lo$% 20.3.1. 'n case of indi*iduals 9 5he minimum amount of loan is &s.0.10 lac. 5he ma-imum amount of loan is &s..00 lac pro*ided it does not e-ceed 3# times of the monthly net income of the borro0er and total deductions from the salary<income including the E"' of this loan does not e-ceed #0A of gross salary< income of the borro0er. 20.. M$rgi% "inimum 10.20A of the cost of the article to be purchased 20.!. Se(urity 9 20.!.1 Primary 9 7ypothecation of the article=s@ to be purchased 0ith the loan. 20.!.2. Collateral9 20.!.3. 'n case of salaried person 0hen the borro0er is an indi*idual 0hose salary is disbursed through the branch. a@ 4o additional security is reBuired. b@ 5he borro0er shall ho0e*er gi*e a standing instruction and also a letter of authority to realiCe the monthly instalment to the debit of his<her $/ or C6 account =of the branch@ 0here the borro0erDs salary is credited e*ery month2 5he borro0er 0ill authoriCe his<her employer to remit necessary amount out of the borro0erDs terminal benefit in case of cessation of employment of the borro0er2 for liBuidation of the outstanding dues2 if any2 in the loan account. 5he employer should ac1no0ledge such authoriCation in 0riting. 'f any of the abo*e conditions is not feasible2 the conditions as stated in the ne-t paragraph 20.!.. or 20.!.!. 0ill apply. 20.!.. 'n case of salaried person 0hen the borro0er is an indi*idual 0hose salary is disbursed through the branch but no underta1ing is a*ailable from employer. a@ 5he loan should be additionally secured by 0ay of a third party guarantee2 preferably co.employee. b@ A letter from of authority < underta1ings < indemnity from borro0er < borro0erDs spouse to continue salary account and to utiliCe terminal benefits for repayment of outstanding dues2 if any2 in the loan account. 20.!.!. 'n case of =a@ salaried person 0ithout salary disbursement account or employerDs underta1ing and =b@ Professional E $elf employed persons9 5hird Party guarantee 0ith at least net 0orth 200A of loan amount E acceptable to the /an1. 'n addition2 3 =three@ undated cheBues for 3 instalments shall be ta1en along 0ith a letter of underta1ing to the effect that the /an1 0ill ha*e liberty to utiliCe those cheBues in the e*ent he<she fails to pay the stipulated E"'s to the /an1 and that the borro0er 0ill not to ma1e any F$top PaymentG of the aforesaid cheBues. 20.#. R$te o' I%terest 5he /an1 shall charge interest on 34'5E6 C,4$3"E& L,A4 account at the rate indicated by 7ead ,ffice on diminishing balance. 'n case of default in payment of any instalment2 penal interest shall be charged at a prescribed rate o*er the stipulated rate on the o*erdue instalments for the period of default and the said penal interest shall be realised separately. 20.%. Rep$y&e%t o' Lo$% 5he loan should be repaid on the basis of EBuated "onthly 'nstalment=E"'@ to be fi-ed in accordance 0ith follo0ing norms ta1ing into consideration of the Buantum of loan sanctioned and ma-imum amount of monthly deduction permitted so that total deduction does not e-ceed #0A of gross salary as stated abo*e in case of salaried indi*iduals. &epayment 0ill commence one month after disbursement. 3pto &s. !02000<. "a-imum 3# E"' &s. !02001<. to &s. 2.00 lac "a-imum ( E"' Abo*e &s. 2.00 lac "a-imum #0 E"' 4o penalty should be charged for early repayment of the loan. 20.(. Ser)i(e C*$rge+Pro(essi%g ,ee $er*ice charge shall be realised at the time of sanctioning of the loan at a rate prescribed by 7ead ,ffice from time to time. 2!- S$%(tio%i%g Aut*ority 9 5he "anager of the branch selected for operation of the scheme 0ill consider proposal on its o0n merit and sanction the same under the e-isting 6iscretionary Po0er delegated by the /an1 to them and as per instruction from 7, from time to time. 7o0e*er2 the proposals beyond the limit of the 6iscretionary Po0er of the /ranch "anager shall be for0arded to the &egional Authority duly recommended for sanction. 20.10 Ot*er Oper$tio%$l .ui/eli%es 20.10.1.5he Loan amount must be in multiple of &s. 100<. and the articles to be purchased must be ne0 one =not second.hand@. 20.10.2.5he Prospecti*e borro0er may ha*e the choice of more than one article<combination of articles 0ithin his<her total eligibility of the loan amount. 7o0e*er2 in case of such multiple choice in*ol*ing different dealers2 Pay ,rders<6emand 6rafts 0ill ha*e to be issued dealer.0ise. 4o cash disbursement is allo0ed under the scheme. 20.10.3.'n case of professional and self.employed person<businessmen2 copy of latest '.5. &eturns of the applicant and the co.applicant 0here*er applicable2 filed 0ith the 'ncome 5a- Authorities<$ales 5a- Clearance Certificate etc to be obtained. 't must be obser*ed that sufficient balance is being maintained in his<her $/ or C6 A<C 0ith the /an1 for un. interrupted realiCation of monthly instalment in terms of 9 F$tanding 'nstructionG to be obtained from the borro0er in this regard. 20.10.. Apart from obtaining comprehensi*e insurance co*er for the full *alue of the 2.;heelers2 as reBuired under "otor :ehicle &ules2 endorsing assignment in fa*our of the /an12 an insurance policy co*ering the ris1 of theft2 burglary 0ith F/an1 ClauseG for other article e-ceeding *alue of &s. !02000<. =original cost@ should also be obtained 0ithin 1=one@ month from the date of a*ailment of the loan. 'n case of 2. ;heelers2 insurance co*erage should be obtained on the date of deli*ery of *ehicle to the borro0er. 'n case of any default2 the /an1 0ill ha*e the right to obtain such insurance co*er itself to the debit of borro0erDs account. 5he financing branch should e-plore the possibility of credit life insurance co*ering the loan amount =optional and on getting consent@ for 0hich the cost of premium shall be financed by the /an1. 20.10.!. 5he scheme2 i.e.2 3nited Consumer Loan is to be treated as 5&A6'5',4AL L,A4 and to be disbursed to the debit of 5erm Loan Account to be opened in the name of the borro0er=s@ under C/$ system. 20.10.#. $pecimens of Application +orm.Cum.Processing $heet2 sanction letter etc are gi*en in the Anne-ure.HAD and Anne-ure.H/D respecti*ely. 20.10.%. 5he /ranches shall generate monthly $"A statement of the position of Buality loan assets under 3nited Consumer Loan $cheme and ta1e appropriate action for follo0 up and monitoring of loan. 20.10.(.4ormal procedures of the /an1 in dealing 0ith 5erm Loan=s@ li1e opening of account2 maintenance of ledgers and registers =0here*er reBuired@2 accounting of transactions2 pro*isioning and charging of interest2 reconciliation of balances etc under C/$ system shall be follo0ed. 5he branch management shall ensure timely repayment of the loan and in case of default shall initiate appropriate reco*ery measures as per &eco*ery Policy of the /an1. UNITED CAR LOAN SCHEME 'n order to meet the gro0ing demand of the customers for loan for purchasing *arious 1inds of .;heelers for personal use by the indi*iduals and office use by the firms and corporates2 the /an1 has introduced 34'5E6 CA& L,A4 $C7E"E. 5he latest circulars and guidelines issued on this sub8ect are to be read 0ith this chapter 5he salient features and guidelines of the $cheme as appro*ed by the /an1 are highlighted belo0 9 20.1. Purpose : Purchase of ne0 < old car not o*er years old for pri*ate and non.commercial use by indi*iduals and for official use by Partnership +irm < Proprietorship +irm < Company < $ociety.
20.2. Eligibility : 5he Prospecti*e borro0er=s@ should maintain a $a*ings<Current 6eposit<5erm 6eposit A<C 0ith the /an1 =>?C complied@ and fulfill the follo0ing criteria. 20.2.2 Any indi*idual 0ith a minimum net income =ta1e home salary for salaried person@ of &s.202000<. per month. 20.2.3 'n case of salaried persons =in case of indi*iduals@ the applicant =aged bet0een 21.#! ?ears including repayment period@ has been in regular ser*ice for at least 2 years and should ha*e a minimum left o*er ser*ice to co*er the period of repayment of loan. 20.2. 'n respect of 0or1ing couple2 net income of the spouse may be considered for the purpose of computing net income and monthly instalments2 pro*ided the spouse 8oins as co.borro0er and monthly instalment may be realiCed from the salaries of either of them. 20.2.! Professional and self.employed persons should be at least 2 years in their profession. 20.2.# 5he employees of 3nited /an1 of 'ndia shall also be eligible for loan under the scheme in compliance of the terms and conditions of the scheme. 20.2.% Partnership +irm < Proprietorship +irm < Company < $ociety should fulfill the follo0ing conditions. a@ 6$C& must be minimum of 1.!91 b@ must ha*e sufficient net profit to be sufficient so as to ensure regular payment of E"' c@ +inancials = /alance $heet < Profit E Loss A<c etc.@ shall be studied to ascertain repayment capacity d@ Personal Iuarantee of Partners< 6irectors to be pro*ided and status to be determined 0ith reference to C'/'L e@ /an1Ds charge shall be noted 0ith the &egistrar of Companies =0here*er applicable@. 20.2.( 'n case of Partnership +irm2 it should be registered 0ith &egistrar of firms and 6eed of Partnership be registered at the competent courts of la0. 'n case of Company2 the Articles of Association should empo0er the Company to borro0 from the /an1. 5he authority to sign the documents should be determined 0ith reference to Partnership 6eed in case of Partnership +irm and /oardDs resolution in case of Company. 'n case of $ociety2 the society bye.la0s needs to be e-amined in this regard and certified true copy of the resolution shall be obtained. All other rele*ant aspects shall also be e-amined so that in future there should not be any confusion as to the authority of the person=s@ 0ho signed the documents. 20.2.) 5he income of the applicant borro0er in case of indi*iduals should determined 0ith reference to the copy of '.5. files to be submitted at least for the last 2 years. 2!" #u$%tu& o' C$r Lo$% : 20.3.1. 'n case of indi*iduals 9 5he ma-imum amount of loan is &s.30 lac in case of ne0 car and &s. # lac in case of old< used car2 sub8ect to ma-imum of )0A of on road price in case of ne0 and %0A in case of used < old car of *aluation certificate from the chartered automobile engineer. 5he Buantum of loan is to be fi-ed in such a 0ay that total deductions from the salary<income including the E"' of this loan does not e-ceed #0A of gross salary income of the borro0er. 20.3.2 'n case Partnership +irm < Proprietorship +irm < Company < $ociety9 5he ma-imum amount of loan is &s.0 lac in case of ne0 car and &s. # lac in case of old< used car2 sub8ect to ma-imum of )0A of on road price in case of ne0 car only. 20.. M$rgi% "inimum 10A of the cost of the car =on road price@ in case of ne0 car and 30A of the *aluation amount in case of old car. 20.!. Se(urity 9 20.!.1 Primary =irrespecti*e of type of borro0er@ 7ypothecation of the *ehicle=s@ to be purchased 0ith /an1 loan. 20.#.1 Collateral9 20.#.2. 'n case of salaried person 0hen the borro0er is an indi*idual 0hose salary is disbursed through the branch. a@4o additional security is reBuired. b@5he borro0er shall ho0e*er gi*e a standing instruction and also a letter of authority to realiCe the monthly installment to the debit of his<her $/ or C6 account =of the branch@ 0here the borro0erDs salary is credited e*ery month2 5he borro0er 0ill authoriCe his<her employer to remit necessary amount out of the borro0erDs terminal benefit in case of cessation of employment of the borro0er2 for liBuidation of the outstanding dues2 if any2 in the loan account. 5he employer should underta1e that before shifting salary disbursement account2 prior permission from financing ban1 0ill be ta1en. 5he employer should ac1no0ledge such authoriCation in 0riting. c@ A letter from the employer ensuring repayment of installments by 0ay of monthly deduction from the borro0erDs salary and remittance to the financing branch till the loan remains outstanding shall be obtained. /esides2 the borro0er shall authoriCe his<her employer to remit necessary amount out of the borro0erDs terminal benefits in case of cessation of employment of the borro0er2 for liBuidation of the outstanding dues2 if any2 in the loan account. 5he employer should ac1no0ledge such authoriCation in 0riting. 'f any of the abo*e conditions is not feasible2 the conditions as stated in the ne-t paragraph 20.#.3. 0ill apply. 20.#.3. 'n case of salaried person 0hen the borro0er is an indi*idual 0hose salary is not disbursed through the branch or 0here no such underta1ing from employer is a*ailable and in case of Professional E $elf employed Persons =including professionals engaged in public ser*ice li1e 6octor < &egd. "edical Practitioner@. 5he loan should be additionally secured by 0ay of personal guarantee of 1 or 2 persons ha*ing adeBuate net 0orth to co*er the loan amount and acceptable to the /an1. 'n addition2 3 =three@ undated cheBues for 3 installments shall be ta1en along 0ith a letter of underta1ing to the effect that the /an1 0ill ha*e liberty to utiliCe those cheBues in the e*ent he<she fails to pay the stipulated E"'s to the /an1 and that the borro0er 0ill not to ma1e any F$top PaymentG of the aforesaid cheBues. 20.#.. 5o e*aluate the net0orth of guarantor2 Asset E Liability position as on recent date shall be obtained through IuarantorDs /io data form duly signed and also by self.declaration along 0ith copy of supporti*e documents duly signed *iC. 6eposit 0ith ban1< 4$C< >:P< $.:. of L'C< immo*able assets etc in respect of Assets declared by the guarantor=s@. 20.%. R$te o' I%terest 5he /an1 shall charge interest on 34'5E6 CA& L,A4 account at the rate indicated by 7ead ,ffice on diminishing balance. 'n case of default in payment of any installment2 penal interest shall be charged at a prescribed rate o*er the stipulated rate on the o*erdue installments for the period of default and the said penal interest shall be realiCed separately. Concession in 'nterest &ate for e-isting good borro0ers of the /an1. Eligibility for !01 i%tt concession "a- Amt to be allo0ed Collateral $ecurity E-isting "ortgage based borro0ers 0ith completed 2 years of regular repayment 30A of $anctioned Amt of "ortgage based Loan or 5otal principal amt repaid 0hiche*er is higher E-tension of "ortgage CC A<C holders ha*ing =i@ Completed minimum 2 years =ii@ $atisfactory conduct of A<CJ and =iii@ Credit &is1 rating of at least 3/C&.3 20A of CC Limit E-tension of "ortgage if a*ailable2 other0ise 4il. Corporate Customer a*ailing loan for ! cars at a time Erepayment through single cheBue<$' from A<c maintained 0ith us +urther concession of 0.!0A 20.(. Rep$y&e%t o' Lo$% 5he loan should be repaid on the basis of EBuated "onthly 'nstallment =E"'@ to be fi-ed in accordance 0ith follo0ing norms ta1ing into consideration of the Buantum of loan sanctioned and ma-imum amount of monthly deduction permitted so that total deduction does not e-ceed #0A of gross salary as stated abo*e in case of salaried indi*iduals. &epayment 0ill commence one month after disbursement. =i@ 4e0 :ehicle "a-imum %2 monthsJ =ii@ ,ld :ehicle upto 2 yrs. old "a-imum ( monthsJ =iii@2 yrs. and up to yrs. old "a-imum 3# months. 4o penalty should be charged for early repayment of the loan. 20.(. Ser)i(e C*$rge+Pro(essi%g ,ee $er*ice charge shall be realiCed at the time of sanctioning of the loan at a rate prescribed by 7ead ,ffice from time to time. 20.10. S$%(tio%i%g Aut*ority 9 5he "anager of the branch 0ill consider proposal on its o0n merit and sanction the same under the e-isting 6iscretionary Po0er delegated by the /an1 to them and as per instruction from 7, from time to time. ;here 73/ is in operation2 the "anager 0ill for0ard the proposal after prima facie e-amination along 0ith copies of related documents in terms of instruction from 7, issued from time to time to the concerned 73/ under his< her seal and signature. 7o0e*er2 the proposals beyond the limit of the 6iscretionary Po0er of the /ranch "anager shall be for0arded to the &egional Authority duly recommended for sanction. 20.11 Ot*er Oper$tio%$l .ui/eli%es 20.11.1.5he Loan amount must be in multiple of &s. 100<. and the car to be purchased must be ne0 one. 'n case of used < old car2 a certificate from chartered automobile engineer or appro*ed car dealer shall be submitted about present condition2 e-pected residual life and present *alue of the car. 20.11.2. Pay ,rders<6emand 6rafts =mar1ed A<c Payee@ 0ill be issued in fa*our of the 6ealer of the Car against Buotation submitted. ;hile processing the proposal the recommending < sanctioning authority should satisfy themsel*es about the genuineness of the Buotation and its issuing authority. 4o cash disbursement is allo0ed under the scheme. 20.11.3.'n case of professional and self.employed person<businessmen2 copy of latest '.5. &eturns of the applicant and the co.applicant 0here*er applicable2 filed 0ith the 'ncome 5a- Authorities<$ales 5a- Clearance Certificate etc to be obtained. 't must be obser*ed that sufficient balance is being maintained in his<her $/ or C6 A<C 0ith the /an1 for 3n. interrupted realiCation of monthly installment in terms of 9 F$tanding 'nstructionG to be obtained from the borro0er in this regard. 20.11..Apart from obtaining comprehensi*e insurance co*er for the full *alue of the "otor Cars2 as reBuired under "otor :ehicle &ules2 endorsing assignment in fa*our of the /an12 an insurance policy co*ering the ris1 of theft2 burglary 0ith F/an1 ClauseG shall be ta1en. 'n case of .;heelers2 insurance co*erage should be obtained as on the date of deli*ery of *ehicle to the borro0er. 'n case of any default2 the /an1 0ill ha*e the right to obtain such insurance co*er itself to the debit of borro0erDs account. 20.11.!5he financing branch should e-plore the possibility of credit life insurance co*ering the loan amount =optional and on getting consent@ for 0hich the cost of premium shall be financed by the /an1. 20.11.#. 5he scheme2 i.e.2 3nited Car Loan is to be treated as 5&A6'5',4AL L,A4 and to be disbursed to the debit of 5erm Loan Account to be opened in the name of the borro0er=s@. 20.11.%. $pecimens of Application +orm.Cum.Processing $heet2 sanction letter etc are gi*en in the Anne-ure.HAD and Anne-ure.H/D respecti*ely. 20.11.(. 5he /ranches shall generate monthly $"A statement of the position of Buality loan assets under 3nited Car Loan $cheme and ta1e appropriate action for follo0 up and monitoring of loan. 20.11.). 4ormal procedures of the /an1 in dealing 0ith 5erm Loan=s@ li1e opening of account2 maintenance of ledgers and registers =0here*er necessary@2 accounting of transactions2 pro*isioning and charging of interest2 reconciliation of balances etc under C/$ system shall be follo0ed. 5he 73/ 0ill process the proposals through LAP$ =Lending Automation Processing $ystem@ and sanction accordingly. 5he branch management shall ensure timely repayment of the loan and in case of default shall initiate appropriate reco*ery measures as per &eco*ery Policy of the /an1. A44EK3&E L A 34'5E6 /A4> ,+ '46'A APPL'CA5',4 +,& 34'5E6 C,4$3"E& A46 CA& L,A4 5he Chief "anager<"anager 3nited /an1 of 'ndia MMMMMMMMMMMMMMMMMM /ranch 6ear $ir2 '<0e reBuest you to sanction a loan of &sNNNNNNNNNNN.=&upees NNNNNNNNNNNNNNNN.,nly@ for purchase of NNNNNNNNNN costing &sNNNN.O6escription of Article=s@< CarP 4ame of Article=s@< Car :alue =&s.@ i@ ii@ iii@ from NNNNNNNNNNNNNN =4ame E Address of suppliers@ '<0e underta1e to repay the loan in NNNN..monthly instalments of &sNNN. each starting from NNNNNNNNNNNNNNN PA&5'C3LA&$ ,+ /,&&,;E& APPL'CA45 1 APPL'CA45 2 =6elete 0hiche*er is not applicable@ 1. 4ame in full =in /loc1 letters@ < 4ame of +irm< Co.<$ociety etc. 2. Age 3. ;hether married . 4o. of dependents !. 4ame of father<husband #. Address =0ith telephone no@ i@ &esidence ii@ ,ffice %. +or salaried applicant i@ 4ame E Address of employer ii@ 6esignation<position E period since 0hen employed Photograph Applicant 1 Photograph Applicant 2 (. +or professional E self.employed applicant i@ Particulars of profession and name E address of his<her firm<co. and details ii@ 6esignation<position E period since 0hen engaged ). 4ame2 address2 occupation E 0orth of guarantor=s@2 if any 10. 'ncome =year.0ise for last 2 years@ Iross 'ncome 4et 'ncome Less 9 Personal dra0ings 'ncome 5a- paid 4et surplus 11. 'ncome 5a- assessed<paid for the Last 2 years =enclose supporting 6ocuments@ 'ncome assessed 5a- assessed 5a- paid 12. 4ature of account=s@ maintained ;ith 3/' 13. 4ames and addresses of other ban1s 0ith 0hom any account is maintained =Particulars of borro0ings2 if any2 to be gi*en@ 1. +or salaried applicant Particulars of monthly emoluments for the month of MMMMMMMMMMMMMMM = a copy of the payslip<employerDs certificate to be attached@ Applicant 1 Applicant 2 Iross $alary =in &s.@ 6eductions =in &s.@ Iross $alary =in &s.@ 6eductions=in &s.@ /asic P+ /asic P+ 6A '5 6A '5 7&A Loan 7&A Loan ,thers ,thers ,thers ,thers 5otal 5otal 5otal 5otal 4et 5a1e 7ome $alary 4et ta1e 7ome $alary Co&&o% 'or $ll $ppli($%ts 2P$rti(ul$rs o' e$(* $ppli($%t to be gi)e% sep$r$tely3 1!. 6escription of Property2 if any2 o0ned =a@ Particulars of &eal Estate 9 Location 9 Area 9 3nencumbered =yes<4o@ 9 =b@ Particulars of $hares held2 if any 4ame of the Company 4o. of shares "ar1et :alue i@ ii@ iii@ =c@ Life 'nsurance Policy held 9 6ate of "aturity $um Assured Policy 4o. =s@ i@ ii@ iii@ =d@ 4ational $a*ings Certificate2 6ate of "aturity +ace :alue if any2 Certificate 4o. 1#. /orro0ings =i@ /orro0ing against =a@2 =b@2 =c@ E =d@ abo*e =6etails to be gi*en in separate sheet@ 9 &sNNNNNNNNNN =ii@ Present ,utstanding /alance 9 &sNNNNNNNNNN 1%. ,ther liabilities =i@ Any unsecured Liabilities =6etails to be gi*en in separate sheet@ 9 &sNNNNNNNNNN. =ii@ Present ,utstanding /alance 9 &sNNNNNNNNNN. 1(. $tatement of +inancial Positions as on NNNNNNNNNNNNNNNN.. LIA4ILITIES ASSETS Capital Land E /uilding 5rade Creditors +urniture E +ittings ,ther Creditors $toc1.in.5rade ,thers 5rade 6ebtors $urplus Cash in 7and E /an1 =Asset.Liability@ ,thers 6eficit =Liability.Assets@ MMMMMMMMM MMMMMMMM 5,5AL 5,5AL QQQQQQQQ QQQQQQQ 'n case of Partnership +irm2 Company E $ociety copy of /alance $heet2 PEL A<c and other related documents are to be submitted. 1). ,57E& PA&5'C3LA&$ 4ame and address of the persons 0ho can be referred to for information =a@ =b@ '<0e hereby ='@ declare that the statements gi*en abo*e are true and correct =ii@ further declare that no part of the loan 0ill be utilised for any purpose other than that stated. =iii@ Agree to abide by all the terms and conditions of the loan2 if sanctioned. =i*@ +urther agree to the /an1 recalling the entire loan or the balance thereof if the /an1 comes to 1no0 of any incorrect statement on my part. $ignature of Applicant 1 $ignature of Applicant 2 6ate 9 Place 9 20. Chief "anagerDs<"anagerDs findings and sanction<recommendation "anager<Asstt. "anager Chief "anager<"anager 555555555555 4r$%(* D$te 73/ obser*ations and sanctions. Chief "anager =73/@ ANNEXURE64 S$%(tio% Letter 34'5E6 /A4> ,+ '46'A MMMMMMMMMMMMMMMMMMMMMM /ranch &ef. 4o. 9 6ate 9 "r<"rs<"iss NNNNNNNN.. NNNNNNNNNNNNNN NNNNNNNNNNNNNN 6ear $ir<"adam2 $ub 9 ?our application for 3nited Consumer<Car Loan 'n response to your application dated MMMMMMMMMMMMMMM 0e are pleased to sanction you a Consumer<Car Loan on the follo0ing terms and conditions. 1. Amount of Loan =5erm Loan@ 99 2. Purpose 99 +or purchase of NNNNNNNNNN from NNNNNNNNNNNNNN. NNNNNNNNNNNNNNNN. =4ame of the 6ealer<$eller@ 3. Cost of the Article<Car =as per proforma@ 99 NNNNNNNNNNNNNNNN. . 'nterest 99 MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM !. "argin 99 #. 'nstalment Amount =E"'@ 99 &sNNNNN..p.m. 5he E"' is sub8ect to change or repayment period may be re*ised 0ith the re*ision of rate of interest from time to time. %. 4ature of +acility 99 5erm Loan2 "onthly instalment to be payable on the day of disbursement of each month till the entire loan is liBuidated. 'n case E"' is not paid on the due date of each month2 penal interest R..A o*er and abo*e the stipulated rate of interest 0ill be le*ied for period of default. (. $ecurity 9 =a@ Primary 9 7ypothecation of NNNNNNNN.. NNNNNNNNNN. acBuired under the Loan of the /an1. =b@ Additional 9 ). 6isbursement 9 5he payment as per proforma in*oice 0ill be made by the /an1 by Pay ,rder<6emand 6raft directly to the $eller <6ealer after the margin money is deposited and necessary documentation as per /an1Ds reBuirement is completed. 10. 'nsurance 9 "otor Cars<50o 0heelers should ha*e comprehensi*e insurance co*erage for the full *alue of the item on the day of deli*ery of *ehicle. 'n case of other items of Consumer Loan2 insurance co*erage 0ill be arranged in respect of indi*idual article *alued abo*e &s. !02000<. 11. &epayment of Loan &epayment of loan 0ill start after one month from the date of disbursement of the loan and 0ill be completed in NNN.. months by 0ay of EBuated "onthly instalment=E"'@ payment. 12. ,ther Conditions 9 A. /an1 official 0ill ha*e the right to inspect the articles< car as purchased 0ith the /an1Ds finance /. ?our employer 0ill 1eep proper record of this loan a*ailed by of you and in case of any relinBuishment in the present ser*ice or retirement2 your company 0ill ta1e necessary steps so that the loan amount is liBuidated 0ell before such e*entualities. ?ou 0ill ha*e to obtain clearance<4o 6ues Certificate from us in case of such e*entualities. C. ?our employer 0ill duly intimate the /an1 about your transfer to any other administrati*e unit2 change in designation2 termination of the ser*ice 0ithin one month of such e*entualities. 6. ?ou 0ill agree to gi*e in irre*ocable instruction and authorisation to your employer to credit for ad8ustment in your abo*e loan account all the proceeds of terminal and other benefits as permissible in la0 payable to you by your employer on a termination of ser*ice for 0hatsoe*er reason. E. All other terms E conditions are as usual as per the /an1Ds Consumer<Car Loan $cheme. 'f you agree 0ith the terms E conditions as stated herein abo*e2 please put your signature on the duplicate copy of this letter as to1en of your acceptance of terms E conditions for a*ailing of the loan amount and return the same to us for our further action. ?ours faithfully2 C7'E+ "A4AIE&<"A4AIE& ='t is suggested to prepare separate $anction Letter for sanction Car Loans to +irm2 Co.2 $ociety based on rele*ant information and as per car loan scheme of the /an12 instead of using format for sanctioning loans to indi*iduals@