INDIAN OVERSEAS BANK

इणणण्डियनओवरससीज़बबक
KURUNGULAM Branch
APPRAISAL NOTE

Date:11.07.2018
A/c:-060001000019599 Cust ID:55472776
Loan Amount Requested: Rs.4,00,000/-

Branch-KURUNGULAM BRANCH

Name of the Applicant Prabhu V

Date of Birth 06.05.1984

With PAN No. / Passport No. /Voter PAN- COSPP9925B
ID No./MOB No- AADHAR – 954656867287
9843188176
Address of the applicant S/o Veeraiyan K
(a) Present Address Door No:2-157 Keela Theru
Mappilainaickenpatti
THANJVAUR 613303
(b) Shop Address Prabhu Malligai Owner:C Simiyonraj
Matha Kovil Street
Mappilainaickenpatti Pudhukottai Road
THANJVAUR 613005
Fall under GP
Income Particulars Applicant proposed to earn Rs.40000/- per
If income from Trade Month by running Provisonal Store at
Mappilainaickenpatti
Banking with us since: 2018
Income Rs .480000/- per year
Other income if any (details to be -
furnished)

Purpose of the note:

Fresh sanction of the following credit facilities

Nature of Purpose Margin Interest % Periodici Loan

limit/facility Applicablerate ty Amount
Small 1year MCLR(8.60 ) Monthly 4,00,000/
Small Business 20% + -
loan(MUDRA) 1.60=10.20
Securities:
Prime: Assets created out of bank finance

Collateral: The customer has already deposited their title deeds of

2490 Sq.Ft of commercial land at plot no 9 Ayyapillai
Nagar Mappilainaickenpatti Thanjavur into our North Main
Street branch, Thanjavur followed by creation of MOD at
SRO Vallam on 1108/2018 of Rs. 500000.00

Guarantors: NIl

Department Recommendation:
Mr.Prabhu V S/o Veeraiyan K is running provisional Shop at Mappilainaickenpatti for
past 20 years from 1998. His CIBIL score is 697. The observation from CIBIL Report,
Mr. Prabu is one of Joint borrower of Commerical Vehicle purchased along with his
friend. .Mr.Prabhu is introduced by one of our valuable customer Mr. C Simiyonraj. .

Mr.Prabhu’s Father Mr.K Veeriyan is having a good reputation at Mappilainaickenpatti

and nearby areas. This is the only shop available at Mappillainaickan patti which is
very nearer to Air force Station, Thanajvur. Based on the above grounds, we may
sanction a loan of Rs.4 Lakh for improving their business .

Income:
Monthly Income Rs.40000
Annual Income Rs.480000/Annum
Expense
Shop Rent Rs.2500 Owner :C Simiyonraj
Labour Salary Rs.10000
Other Expense RS.2500
Savings Rs.10000
Balance RS.15000

Quotation Details:

Quotation Amount:Rs.5,07,770
Shop:
“ SHOLAIAMMAL TRADERS” SARAPOJI MARKET THANJAVUR “

Quotation Verified: YES

TERMS AND CONDITIONS:-

1. The loan is repayable with 36 monthly INSTALMENT of Rs.12982 /- each starting from 10.08.2018
2. All the business transaction should be routed through Bank Account.
3. The unit will be inspected by us and visiting expenses will be reimbursed by the customer
4. Applicable processing fee will be recovered as per bank norms.

5. OD interest @2% over and above the applicable rate will be charged on overdue amount.
6. Prime securities should be insured for full value with banks clause.
7. Upon default of installment bank will exercise the right off set off
8. Interest rate is subject to reset after 1 year from the date of sanction.
9. The borrower has to pay the CIBIL generation charges.
10. All other terms and conditions will remain same as per banks norms.
11. Margin amount should be deposited by the borrower.
12. Loan is covered by CGFMU.
13. The Original Invoice to be submitted by the borrower.
14. Any discrepancy in products or changes in product has to be intimated to the branch prior to the
sanction only. After sanction there is no changes will be allowed.
.

Asst manager

SANCTION:

Sanctioned Loan Rs.4,00,000/- under SMALL LOAN MUDRA for Provision shop at
Mappillainaickanpatti which is repayable in 36 EMI of 12982 /- starting from
10.08.2018 after disbursement of loan.

Branch Manager