weds

NK OF MYSORE GUBBI BRANCH (TUMKUR DISTRICT)

PLACE : GUBBI DATE :

To, Sri / Smt. . . .

Dear sir / Madam,

SANCTION COMMUNICATION / TERMS AND CONDITION

LETTER SCHEME : P SEGMENT

With reference to your applications dated we have Pleasure in informing that a personal loan of Rs. .) has been sanctioned to you . The terms and conditions of the sanction are as below : PURPOSE : The advance is sanctioned under : Personal loan NATURE OF FECILITY : Personal loan. RATE OF INTEREST : The present rate of interest is _________ o/o over / below PLR with a minimum of _________ o/o p.a compounded monthly. SECURITY : a) Primary : SI on SB account for transferring of EMI b)Personal guarantee of : Net worth Rs.

REPAYMENT : The loan amount is repayable in _________ monthly installments of Rs. ________ commencing from __________ .

The loan amount will be disbursed after execution of prescribed security documents. The loan is also subjected to other terms and conditions as prescribed by the bank from time to time including that of with loading of both borrower as well as guarantors SB accounts in case of non payment of installment amounts.

ACCEPTED THE TERMS AND CONDITIONS

Your faithfully

BORROWER

GUARANTOR

STATE BANK OF MYSORE BRANCH

PERSONAL LOAN APPLICATION FORM

PHOTOGRAPH

(1) PERSONAL INFORMATION

1. Name (in Block Letters)

: _________________________________________________ First Name Middle Name Sure Name / Last Name

2. (i) Residential address

: ________________________________________________ ________________________________________________ ________________________________________________ ________________________________________________

City 3. Date : _________ Date 4. Sex 5. No. of dependents 6. Education 7. Employer : Male : Children

Pin code ____________ Month _______ _______

Telephone No. ________ __________ Year

Female _______ Others ________

: Under graduate _______ Graduate ______ Post Graduate _____ : Govt. ________ Public sector undertaking ___ Multi national Company _____

Public Ltd. Co. ______ 8. Employers Name And address

: ________________________________________________ ________________________________________________ ________________________________________________ ________________________________________________

9. Designation 10. Length of Service 11. Monthly Salary

: _________________________________________________ : __________ Years __________ Months : Gross Rs. _________ Net Rs. ___________

Other monthly regular income Rs. ____________

Please specify Source

: _________________________________________________

12. Do you own a house

: YES / NO

If Yes, Is the house mortgaged : YES / NO Value of House (At cost) : Rs. __________________ 13. Vehicle : Type of vehicle : Two Wheeler ___________ Make Age Four Wheeler ___________ Make Age Owned ___________ Co-Provided __________

Hypothecated ___________ Present Liability Rs. ______ 14. Data is of suppose i) Name of the Spouse : ______________

ii) Occupation of Spouse : ______________ iii) If employee : (a) Monthly Income : Rs. _______________ (b) Name and address of Employer : _____________ ________________________________________

15. Other Assets owned by you : Property (other than House) : _____________________ Rs. __________________

Rs. ___________________ Bank or post office Deposits, NCSs LIC policy, Gold, Shares, Debentures Units of UTI / Mutual Funds Others : Rs. ____________________

Total : ________________________________ Rs. ____________________ 16. Other Liabilities in Brief : Friends and relatives Employers Banks / F.I.s Others Total 17. Purpose of loan : Rs. _____________ : Rs. ______________ : Rs. _____________ : Rs. _____________ : Rs. _____________ : __________________________________ __________________________________ 18. Loan Amount Proposed period Monthly Repayment (II) Details of Bank Account : Branch : : Rs. ___________ : ______________ Months / years : Rs._____________

19. Name of the Bank

Telephone No. Account Number

: :

Type of Account : Year of Opening Account :

(III)

Personal References Name : __________________

Name : ____________________ Address : ____________________ ____________________ ____________________ Tel. No. ______________

Address : __________________ __________________ ___________________ Tel. No. ____________

(IV) Declaration

I / we declare that all the particulars and information given in the application form are true, correct and complete and that they shall form the basis of any loan, State Bank Mysore may decide to grant me / us.

I /we under take to inform State Bank of Mysore regarding change in my / our occupation / employment and to provide any further information that the bank may require.

I / We confirm that I /we do not have any other credit facilities with any bank other than as mentioned above. I/We confirm that if I/We avail of any credit facilities with any other Bank in future, I/we will furnish the details to state Banke of Mysore immediately . I/we further authorise the bank to credit all sums received by the bank or standing to the credit in my / our name jointly or severally to the loan account, if necessary, I/We confirm that the funds will be used for stated purpose and will not used for speculative purpose . I/we confirm that we are resident Indians.

I also understand that the sanction of the loan is subject to the execution of documents as per the banks requirements. I agree that the Bank has a right to make such enquiries about me as it/they think (s) fit.

(IV) ____ ____

Documentation : Please submit the following documents along with your application. Latest monthly salary slip showing deductions. Latest form 16 form employer.

_____ Copy of passport or voters ID card , and business card. ______ Latest passport size photogram . _____ Last six months Bank Statement of the account where salary is credited.

______ Verification of signature from the bank where salary is credited or by employers.

Bank Charges : P Segment All charges are subject to changes form time to time Other Personal Loans

Particulars Processing Charges 1. Two wheeler Loan 2. personal loan 3. Reverse mortgage loan Pre-closure charges for above loans

Charges Processing charges as o/o of Loan Amount 1.25o/o 1.25o/o 0.50o/o(Max-Rs. 10,000/-) NIL

Place : _________________ Date : _________________ FOR BANKS USE Signature of the Applicant

Appraisal/ Recommendation by : _________________ Date : ________________________

Sanctioned by : _________________________ Date : ______________________________

Date : __________________

(Address of the disbursing authority & the office )

ANNEXURE- II

STATE BANK OF MYSORE PERSONAL LOAN SCHEME

Dear Sir,

2(a) I hereby authorize you to recover by deduction from my salary payable to me by you. A sum of Rs (Rupees..only).every month, representing the monthly installment payable by me to the State Bank of Mysore,. Branch in respect of personal loan availed by me from the bank, and remit the amount to the afore said branch of the bank.

2(b) I hereby authorize you to credit / continue to credit my salary to State Bank of Mysore,.Branch payable to me be by you every month since I have undertaken to repay the personal loan taken by me from a State Bank of Mysore branch.

3.

In case of my death, retirement, resignation or discontinuing the service for any reason whatsoever ,hereby authorized you to pay any amount payable on my account by reason aforesaid, to State Bank of Mysore , Branch towards the balance outstanding in the aforesaid loan account . Such payment shall be deemed as a payment to me or on my account.

4.

I herby agree that I shall not be entitled to withdraw or revoke the authority even in case of my transfer ,until the whole of my debt inclusive of interest to the State Bank of Mysore, Branch is liquidated and written consent of the bank is obtained.

Witness :

Yours faithfully

Signature ..

Signature

Full Name.

Full Name .

Designation..

Designation..

Branch

Branch.

CREDIT SCORING CRITERIA NAME: Shri/Smt. .. Account Number SR No. PARAMETERS TOTLE MARKS EX G AA A CRITERIA

Personal Information

Age 1.

EX <50and>35years G < 25and<35years

AA >50and< 55years

>55 years

2.

Educational Qualification

EX -post graduate/professional G - Graduate AA/A under _Graduate

3.

No. of Dependents/ Children

EX Up to 2 G 3 or 4 AA/A more than 4

4.

Spouses Income (Gross)

Ex > Rs. 1,20,000 G > Rs. 1,00,000 -<1,20,000 AA > Rs. 80,000-<1,00,000 A < Rs. 80,000

Income Information

5.

Net Annual Income

15

15

10

Ex < Rs. 1,75,000 G > Rs. 1,25,000 - <Rs. 1,75,000 AA >Rs. 75,000 - < Rs. 1,25,000

A <Rs. 75,000

6.

Monthly Installment Of Loan / Net Monthly income (from all sources)

20

20

16

12

Ex < 20% G < 30% AA < 40% A <40%

Net Worth Information

7.

Owning a House

10

10

Ex Own (not Mortgaged) G _ Own (Mortgaged)

8.

Has phone

Ex Yes G / AA /A No

9.

Owning of vehicle

Ex four Wheeler fully owned Company Provides. G - Hypothecated four wheeler AA Two wheeler A - Do not own a vehicle

10.

Net Assets (Total assets Total liabilities) Item No. 15 16 of (Application form)

10

10

Ex - Market Value > Rs. 4,00,000 G Market Value > Rs. 3,00,000 AA Market value > Rs. 2,00,000 A - Market Value > Rs. 1,00,000

Organization Information

11.

Organization

Ex Government public Scuter Under taking / MNC

G Public limited company 12. Designation 3 3 2 1 1 Ex Executive / Senior Manager G Officer AA/A Others 13. Length of service in present job 5 5 3 2 1 Ex - > 5years G - > 4 years AA _ > 2years A - > 2 years

Information on Banking

14.

Banking with SBM Account with SBM TOTAL MARKS

Ex - Yes G/ AA/A- No

100

100

66

42

27

CRDIT SCORING RATING

Point Nos. Maximu m Scores Marks Scored

10

11

12

13

14

Total marks 100

15

20

10

10

Cut off Scores 60

( PERSONAL LOAN AGREEMENT)

( TO BE STAMPED AS AN AGREEMENT IN ACCRODENCE WITH TIffi STAMP ACT IN FORCE IN TI ffi STATE IN WHICH THE DOCUMENT IS EXICUTED) This agreement at on the.. day Of .. 200 between shri / Smt./ kum Son or Daughter of / Wife of . Aged .. and residing at(here in after called The Borrower which expression shall include his / her representatives . Heirs, executers administrator and assignee ) of the ONE PART AND STATE BANK OF MYSORE, an associate of state bank of India constituted under state bank of India subsidiary banks act 1959 and having its head office at K.G. Road , Bangalore and amongst other places a branch office at(here in after to as

the Bank which expression shall unless repugnant to the contest are meaning thereof be deemed to include its successors and assignees) of the OTHER PART.

WHEREAS the bank at the request of the borrower agreed to grand to the borrower a personal loan of Rs. To enable the Borrower to meet as set forth in the Borrowers Application dated the . A copy of which is annexed and forms part of this agreement .

IT IS HERE BY AGREED AS FOLLOWS

1. The request of grant of the loan by the Borrower shall be deemed to constitute the basis of this Agreement and the Loan advanced! To be advanced by the Bank to the borrower.

2. The Borrower here by agrees that the loan shall interalia be governed by the returns there of.

3. The borrower expressly agrees and under takes to notify the Bank in writing of any circumstance affecting the correctness of any any of the particular set forth is his/ her application immediately after the occurrence of.

4.

Amount of loan may be paid directly to the borrower and the borrower expressly agrees and undertakes that the Loan shall be used exclusively for the borrower expressly agrees and undertakes that the Loan shall be used exclusively for the purpose set forth in his application.

5.

The borrower shall repay to the Bank, the amount of the loan in ..

Equal monthly installments of Rs. each, the first of which shall be payable on and the subsequent installments on or before the same date of each succeeding month the after.

6.

The Borrower shall also pay interest to the amount of the loan at the rate of ..

. Percent above the Bank PLR with a minimum of .. percent calculated on the daily balance of the Loan amount with monthly rests subject to enhancement as herein after provided.

7. The Bank shall at any time. Be entitled to give notice to the Borrower of its intention to charge and may thereafter charge interest at such higher rate than the rate herein before mentioned as the Bank may specify.

8. The Borrower agrees that if any installment due hereunder shall not be paid on due date in the manner setout in clause five hereinabove the agreement of the bank to accept repayment of the said Loan by installment shall at the option of the Bank forthwith determine and the whole balance of the said Loan unpaid. At the date of such default shall immediately thereupon become payable to the Bank.

9. Simultaneously, with the execution of this agreement . The Borrower shall pay 1% of loan amount as one time processing fee to the Balik as non Refundable service charges .

If :

i)

The borrower fails to pay any amount under this agreement on or before the due date or commits breach of any of the term covenants contained inthis agreement : or . It is found that the Borro / erhas made any misrepresentation to the bank : or. Their exists any circumstance which in the opinion of the bank prejudicially effects or may effect the banks interest or the borrowers ability to repay the loan : or. The borrower commits any default under any other agreement with the bank : then ,without prejudice to the Banks other rights, the Bank shall be entitled to demand immediate payment I repayment of the Loan the outstanding amount of the loan,

ii) iii)

iv)

interest ,additional interest. fees ,costs. charges , expenses ,stamp duty and all other sums what so ever payable by the borrower to the bank under the agreement and I or in connection, with the loan ( Hereinafter collectively referred to as The borrowers outstanding ) and the borrower shall pay I repay the same to the bank forth with . v) Not withstanding anything stated elsewhere in this agreement the continuation of the loan shall be at the sole and absolute discretion of the bank and borrowers out standings shall be payable by the borrower to the bank on demand. The Bank may at any time in its sole discretion and without assigning any reason call upon the borrower to pay the borrowers outstanding and there upon the Borrower shall pay the whole of the Borrowers outstanding to the Bank without any delay or demur. Without prejudice to the other rights of the Bank. If the Borrower defaults in making any payment to the Bank. the borrower shall to pay the Bank additional interest at the penal rate of interest (or at such higher rate as the Bank may specify from time to time) on the entire amount outstanding from the date of the default till the date of payment of the entire outstanding amount

vi)

12. The borrower hereby confirms, declares and agrees.

i) that the monthly installments shall automatically stand increased by any rates. Taxes ,charges imposts, levies and monies whatsoever that are or may be levied on these or the transaction here under or which are or may become payable by the bank by virtue of entering in to this agreement.

ii) That the bank shall be entitled to recomputed the liability of borrower if the Bank varies the interest rate.

iii) That the Bank may in its discretion vary the interest rate from time to time. Such Variation (s) would be subsequently intimated to the borrower and, ould be binding upon the Borrower and the Borrower shall not be entitled to dispute or question the same on any ground whatsoever.

iv)

That the borrower shall bear and pay all taxes ,rates , duties , charges and other imposts and obligations, existing as well as future, in respect of transaction hereunder.

V)

That the bank shall have a paramount rate of set off and: in exercise of the Banks general lien under law, the Bank shall also have paramount right of lien on all monies , accounts, securities. deposits goods and other assets and, properties belo~nil 1g to the Borrower or standing to the Borrowers credit(whether singly or jointly with any other person/s) which are or may at any time be vdth or in possession or control of any branch of the Bank for any reason or purpose what so ever. That statement of account relating to the loan account of borrower furnished by the bank shall be accepted by and be binding on the borrower and shall be conclusive proof of the correctness or the amounts mentioned herein that each Borrower is a major and is competent in Im/to execute this Agreement.

VI)

13.

Any delay in exercising or omission to exercise any right, power or remedy accruing to the Bank under this agreement or any other agreement or document shall not impair any such right, power or remedy and shall not be construed to be a waiver thereof any acquiesces in any default. Nor shall the action or inaction of the Bank respect of any default or any acquiesces by it in any default affect or impair any right, power or remedy of the Bank in respect of any other default.

14.

This agreement shall operate as a continuing security for all monies , indebtedness and liabilities aforesaid due by the Borrower to the Bank.

15. It is agreed between the parties that at the written request of the borrower the bank may transfer the account to any of the branches within India from time to time provided sufficient notice in advance is given by the borrower to the Bank.

IN WITNESS hereof the parties have signed and delivered the agreement at the date and place above mentioned.

Signed and Delivered by Sri / Smt. / Kum . (Signature)

Signed and Delivered for and On behalf of state Bank of Mysore By (Designation and name of the Branch) An authorized officer of the State of Mysore. (Signature)

STATE BANK OF MYSORE

GUARANTEE AGREEMENT

This DEED of GUARANTEE executed on this. The day of 20 .. by Sri/Smt. S/o / W/o .aged about..years residing at Hereinafter referred to as the GUARANTOR / S and which expression shall mean and inclue his / her / their heirs and legal representatives of the FIRST PART in favor of the STATE BANK OF MYSORE. An Associate of the State Bank India under the State Bank of India (Subsidiary Banks) Act 1959 having its registered office and principal of business at NO. 646. K.G. Road , Bangalore 560 254 and interalia branch at . . Hereafter referred to as the BANK and which shall mean and include its successors and assigns of the SECOND PART. WITNESSTH AS FOLLOWS:

WHEREAS THE BANK at the request of Sri/Smt ... In its letter Nodatedhas sanctioned a personal loan of Rs. (Rupees)

WHEREAS, the borrower has executed documents in respect of to the aforesaid loan facility and the being agreed to be repaid as detailed in the said documents and the guarantor is entering into a guarantee agreement with the BANK for the due performance and punctual repayment of the loan / advance (s) made as per the terms and conditions agreed to between the BANK and the BORROWER / S.

WHEREAS. THE GUARANTOR / S has / have agreed to guarantee the repayment of the amounts due by the said BORROWER /in accordance with the terms and conditions governing the grant of the said loan limit aggregating to Rs. (Rs..) by the bank.

NOW . THERFORE , THS DEEDOF GUARAVTEE WITESSTH FOLLOWS:

In consideration of the bank granting financial assistance to the extent of Rs(Rs. ..)by the bank. NOW. THEREFORE, THIS DEED OF GUARANTEE WINTESSETH AS FOLLOWS : In consideration of the Bank granting financial assistance to the extent of Rs. (Rs) to the BORROWER /S aforesaid as per terms and conditions governing the grant of the said loan (s) including any security that might be offered by the BRROWER?S the GUARANTOR?S here by undertakes to pay into the BANK ON DEMAND all loan amounts. That might be due or become due from the BORROWER on account of the advance made to or the financial accommodation extended to the BORROWER.

2. The GUARANTOR / S hereby agrees and undertakes to pay to the BANK ON DEMAND and without any demur, the entire amount of the loan owing by the BORROWER, to the BANK tougher with upto date interest at the rate and in the manner detailed in various documents

executed by the BORROWER, and it shall not be necessary for the Bank to have recourse in the first instance to the BORROWER , or at any moveable assets of the BORROWER, offered as security for the loan. 3. the GUARANTOR/S further undertakes that in the event of the BORROWER failing to pay any installment/s due on the due date /s, the Bank shall have authority to call upon the GUARANTOR /S to pay the said installment/s and the GUARANTOR/S hereby agree / s and undertake /s that they / he will pay the same ON DEMAND and without demur.

4.

That the guarantee hereby given shall be continuing guarantee and shall not be considered as wholly or partially satisfied by payment or liquidation at any time hereafter or any sum or sums of money for the time being due upon such general balance but shall subject to aforesaid loan limits, extend to cover and be securities for all future sums at any time due hereafter.

5.

THE GUARANTOR/S further agree/s that his/her liabilities under this deed shall not cease in any manner to any extend by compromise or composition but they are liable to the BANK for any monies due and owning by the BORROWER.

6.

THE GUARANTOR/S further agree/s and undertakes that the BANK shall be at liberty to compromise and /or effect any composition with the said BORROWER and any amount paid or accounts settled between the BANK AND THE BORROWER . shall be conclusive evidence as against the GUARANTOR /S of the account due and same shall not liable to be questioned by the GUARANTOR /S.

7.

The neglect of forbearance of the Bank in enforcing the payment of any moneys on being required by GUARANTOR /S initiate recovery proceeding are any other ground the payment whereof is intended to be hereby secured are giving time to the BORROWER for payment hereof shall not in any way release the GUARANTOR /S of his/ her/ their liability under this deed.

8.

The GUARANTOR /S agrees that his/ her /their guarantee shall not be affected by any change in the constitution of the BANK or otherwise.

9.

GUARANTOR /S further agree /s that this shall be countuing guarantee for any sum or balance that may be due at any time upon the said loan account inclusive of interest and costs referred to elsewhere in the loan agreements executed by the BORROWER and it is agreed that the GUARANTOR /S shall not REVOKE this guarantee except with the previous of the BANK in writing.

10. The GUARANTOR /S hereby agree / s that any payment made or acknowledgement of liability made by the BORROWER or any of them shall amount to payment or acknowledgement of liability dy the BORROWER for the purpose of the Limitation Act 1963 and it is definitely understood that for this purpose the BORROWER or any of them shall be deemed to be the person /s duly authorized by GUARANTORS/S as required by the provisions of the Limitation Act 1963. 11. IN WITNESS WHEREOF. The GUARANTORS/S has / have set his / her /their hands to this deed on the date first herein above written after the contents and the clauses being read over and explained in Being the language known to him / her / them.

GURANTEE

WITNESS :

1)

2)

The Branch Manager , State Bank of Mysore Gubbi

Dear sir,

Scheme of a : Personal loan STATE BANK OF MYSORE

A/C SHRI S/O SHRI..

We certify that is a

Permanent employee of this department drawing gross salary of Rs. per month.

2. In view of your agreeing to advance him / her under the captioned scheme. We have received and noted :

i.

The irrevocable letter of authorized from the employee, for deducting a sum of Rs. from his salary per month beginning to his loan account till we receive further instructions from you.

ii. The irrevocable letter of authority from the employee for crediting his/her salary ever month to his/ her account with State Bank of Mysore Gubbi branch till we receive further instructions from you .

iii) The irrevocable letter of authority in respect of making payment of any amount payable to the employee in case of his/ her death, retirement, resignation or discontinuing the service for any reason whatsoever , to the State Bank of Mysore Gubbi branch towards the balance outstanding in the offer said loan account as such payment shall be deemed to be a payment to the employee on his account.

iv)

The employee agrees that he / she will not entitled to withdraw or revoke his /her authority. even in case of his her transfer, until the whole of his / her debt inclusive of interest to the State Bank of Mysore Gubbi. Branch is liquidated and return consent of the Bank is obtained.

3. In the event of transfer of the employee else where ,we under take to convey the instruction to the transferee office under advice to you immediately.

Signature of the Officer (authorized to disburse Salary and allowances)

No. 1104

Place : --------------------

g. Rs

-----------------

AP Date : ---------

PzU ------------------------------- Dz / ----------------------------------

CjU Cx DzP, qz iPV, sm AP g ------------------------------ SAi ------------------------------------------------------------------gU EAAz , g AQ zs AUq zgz KjPAi Cx Evz Cg ------------- g Czg P P ------------------ g rAiAU ---------------------------- CAvgz w iqvAz /Az Z qv/

ON DEMND I/WE.. . Promise to pay. . Or order at the State Bank of Mysore.. The sum of Rupees . For value received with interest from interest from this date atpercent over the state Bank of Mysore Prime Lending Rate rising and falli therewith a minimum of% Per annum with rest.

A Stamp

nt : Pv F vz iqzg evU A v g Cx Qg Ai evU F vz AP gAi SAvg A gzUvPz.

N.B.:

Stamps should be cancelled by the maker writing the name or initiala across them , together with the true date of his/her so writing viz., the date of this Note in addition to his/her signature on the note.