STATE BANK OF INDIA
HOUSING LOAN APPLICATION FORM FOR INDIVIDUALS

1st Applicant 2nd Applicant
Name (in full)
Father/Husband’s
Name
Relationship with 1st/
2nd applicant
Residential Address
Office Address
Date of Birth
Sex
Marital Status
Status
Do you belong to
No.of dependents
Educational/Professional
Qualifications
Occupation Details
No. of years in
present occupation
Designation &
Employee Number.
Date of Retirement
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...............................PIN............
Tel.No.(R).............(O)..............
M F
Single Married
Resident Non-
Resident
SC ST OBC
Children Others
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............................PIN................
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Tel. No.(R)................(O)...........
M F
Single Married
Resident Non-
Resident
SC ST OBC
Children Others
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Signed
photograph
of 1st Applicant
Signed
photograph
of 2nd applicant
PERSONAL PROFILE
NAME OF A/C.
HOLDER
TYPE OF A/C. NAME OF BANK &
BRANCH
ACCOUNT NUMBER
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1ST APPLICANT 2ND APPLICANT
1. Monthly Gross Salary
2. Monthly Net Salary
3. Other Income
Source of other Income
4. Annual Income as per IT return
5. Advance tax paid in current year
6. Expected Monthly Rental Income
from the proposed flat/house
7. Monthly instalments proposed
Rs...............................
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Rs...............................
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Rs...............................
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Rs...............................
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Rs...............................
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Please indicate below details of investments and all loans taken/proposed from employer,
Provident Fund, etc., and instalment(s) payable per month on the same including interest
against each loan.
FINANCIAL INFORMATION
DETAILS OF BANK ACCOUNTS
Savings,
Investments, etc.
Particulars
1st
Applicant
2nd
applicant
Loans Outstandin
g Amount
Rs.
Monthly
Instalment
Payable
Rs.
Term
(Months)
Savings Bank
Immovable
Property (specify)
Current balance
in Provident Fund
(your share)
Other Assets
(Specify)
1.
2.
Life Insurance
Policy (ies)
Postal Life
Insurance Policy
(ies) ( Amount/
Maturity Dates)
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_______
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1st Applicant
Employer
Bank
Credit Society
Others
2nd applicant:
Employer
Bank
Credit Society
Others
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Details of existing Loans from State Bank of India :
1st Applicant ................................................................................................
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2nd Applicant ................................................................................................
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DETAILS OF IMMOVABLE PROPERTY
(TO BE PURCHASED/CONSTRUCTED/RENOVATED/IMPROVED)
i) Mention House No./Plot No., Area, City, PIN Code, Proposed Built up Area and address of housing
society/builders/seller.
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.............................................................................................. .....................................................................................
ii) Plot/Flat/House allotted by a
Housing Housing Development Private Cooperative
Society Board Authority Builder Society
iii) If possession is leasehold , unexpired period of lease : ...... years.
Purpose of Loan
1. Purchase of 2. Purchase of
a new flat/ flat/house
being
house Resold
3. Construction 4.
Extension of
of new house
house/flat
5. Improvement/
Renovation
of house/flat
Cost of Property Rupees Source of funds Rupees
1. Cost of land 1. Amount already invested
2. Cost of
construction/Extension
2. Savings in Bank
3. Cost of Amenities/ Service
Charges
3. Disposal of
Investment/property
4. Cost of
Repair/Improvement
4. P.F.
(a) Refundable
(b) Non-Refundable
5. Cost of Flat/House 5. Others (Specify)
6. Cost of stamp duty/
Registration/Electrical
connection/Municipal
charges
6. LOAN APPLIED FOR
Total Cost *
Total Funds *
* Total cost should equal Total Funds
As per the scheme of the Bank, I/we apply for a loan on a fixed rate basis / floating rate
basis. (Delete whichever is inapplicable)
LOAN REQUEST
PROPOSED REPAYMENT
Repayment
Term of Loan
Period of Repayment ..............................................................................
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Mode of Repayment
Check-off facility with employer
Salary Account and SI at Branch
Post-dated cheques
COMPLETE (A), (B) OR (C) WHICHEVER IS APPLICABLE
(A) LOAN FOR CONSTRUCTION (B) LOAN FOR PURCHASE OF
HOUSE/FLAT (READY
BUILT)
(C) LOAN FOR EXTENSION/
REPAIRS
I. In case of House
1. Area of Plot.............Sq.ft.
2. Proposed built up area:-
........sq.ft.
3. Purchase price of Plot.
Rs..............
4. Architect’s fees Rs..........
5. Cost of construction. Rs..........
II. In case of Flat
1. Area of undivided shares
of land ...........................
2. Cost of undivided share
of land Rs.......................
3. Cost of semi-finished flat
Rs........................
4. Cost of completion or/and
additional items Rs..................
III. Registration Charges
Rs.................................
IV. Total Cost Rs..................
V. Market Value as per Report.
Rs...................
1. Is the Unit New
Old
2. Age of existing structure
if old.
:...........years
3. Purchase price
Rs.......................
4. Cost of additional items
Rs............................
5. Total Cost
Rs............................
6. Area of Plot/Undivided
share of land.........................
7. Built up area Sq.
Ft.......................
8. Market Value
Land Value Rs..................
Structure Value Rs............
1. Age, of Existing
structure:.........
2. Plot Area/Built up area of flat
in sq.ft....................
3. Market value of existing
structure
Rs.........................
4.
(A) Is the property mortgaged to
any
institution :-
Yes No
(b) If yes, name of Institution :-
________________________
(c) Value of outstanding loan
against the mortgage :-
Rs............
5. Details of proposed repair/
extension :-
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6. Estimated cost of repairs/
extension :-
Rs.......................................
(Please tick wherever
necessary)
I/We have attached the following copies of supporting documents (duly attested wherever necessary)
Sale Deed /Agreement of Sale
Copy of approved drawings of proposed construction/purchase/extension .
NOC under the Provisions of ULC Act, 1976. Original of the same.
Detailed cost Estimate / Valuation Report from Chartered Engineer/Architect.
In case of conversion of agricultural land for non-agricultural purposes,
copy of the relative order.
Non Encumbrance Certificate for 13 years
Salary Certificate & Form 16 of previous year (in case of employed)
IT Returns for the last 2 years’ (if IT assessee) duly accepted by the ITO.
Allotment letter of Co-operative Society / Housing Board (if applicable), in original.
NOC from society/builder as per enclosed Annexure.
Proof of residence (Identity Card/Passport/Voter Identification Card/Driving licence)
Tax paid receipts etc. (Advance IT/Property Tax/Municipal Tax, etc.)
Others
I /We hereby apply for a loan from State Bank of India to the extent indicated in the Loan Request
Section of this application form. I/We declare that the foregoing particulars and information
furnished in this application form are true, accurate and complete and that they shall form the basis
of any loan State Bank of India may decide to sanction me/us. I/We confirm that I/We have/had no
insolvency proceedings against me/us. Nor have, I/We been adjudicated insolvent. I/We further
confirm that I/We have read the terms and conditions and understood the contents therein. I/we
am/are aware that if I/we opt for loan at floating rates of interest, the Equated Monthly Instalment
will comprise Principal and interest based on Bank’s Medium Term Lending Rate which is subject to
change from time to time.
I/We agree that State Bank of India may at its discretion conduct discreet inquiries in respect of this
application. I/We undertake to inform as to any change in my/our occupation/employment
residential address and to provide any further information that the Bank may require. State Bank of
India will be at liberty to take such action as it may deem necessary if my/our above statements are
found to be untrue. I/We agree that State Bank of India shall have the sole discretion to
reject/reduce my/our loan application without assigning any reason therefor. I/We further agree that
my/our loan transactions shall be governed by the rules of State Bank of India which may be in force
from time to time.
1st Applicant’s Signature 2nd applicant’s Signature
Place Place
Date Date
DOCUMENTS REQUIRED
DECLARATION
form-hfn
ANNEXURE G
Arrangement Letter - Housing Finance
STATE BANK OF INDIA To,
.........................BRANCH Shri/Smt./Kum.
....................................... .....................................................
.....................................................
Date :
Dear Sir,
Personal Segment advances :
Housing Finance
Term Loan of Rs......................lakhs
With reference to your application dated ..................., we hereby sanction you a Term
Loan of
Rs............................(Rupees..................................................................................only) on
the following terms and conditions :
1. Purpose
The loan is sanctioned to you for the purpose of purchase / construction / extension /
repairs of new/second-hand residential house/flat at the following address :
............................................................................................
............................................................................................
............................................................................................
2. Margin : %
3. Rate of Interest :
Fixed Rate of Interest * :
Interest on the loan will be charged at .........% p.a. on highest monthly reducing
balance at quarterly rests. In the event of a default in payment or any irregularity in
account, the Bank reserves the right to levy a higher rate of interest, as it deems fit.
Floating Rate of Interest * :
Interest on the loan will be charged at ........% p.a. over SBMTLR which is currently
..................% p.a. (The current effective rate being ..........% p.a.) with quarterly
rests. The rate of interest is subject to revision from time to time and you shall be
deemed to have notice of changes in the rate of interest whenever the changes in
SBMTLR are displayed/notified at/by the branch/published in newspapers/made
through entry of interest charged in the passbook/statement of account sent to you
etc. The Bank has the option to reduce or increase the EMI or extend the
repayment period consequent upon changes in SBMTLR. In the event of a default
in payment or any irregularity in account, the Bank reserves the right to levy a
higher rate of interest as it deems fit.
* Delete whichever is not applicable.
4. Repayment :
The loan is to be repaid in Equated Monthly Instalment of Rs_________. The
repayment instalment commences (a) 2 months after completion of construction or
after eighteen months from disbursement of first instalment, where loan is released
in instalments, , whichever is earlier or (b) from ______ *. Your liability to the
bank will be extinguished only when the outstanding in the loan account becomes
Nil, on payment of residual amount, if any.
* delete which is inapplicable.
5. Security :
The loan will be secured by :
a) Equitable / Registered mortgage of the land and building situated at
__________________________________ [for which the loan has been
sanctioned, valued at Rs.________________belonging to
Shri/Smt./Kum._______________S/o / W/o / D/o ___________________ in
favour of the Bank.
b) Equitable / Registered mortgage of the land and building situated at
__________________________ valued at Rs.________________
belonging to Shri/Smt./Kum._______________S/o / W/o / D/o (Guarantor)
___________________ and Shri/Smt./Kum._______________S/o / W/o /
D/o (Guarantor) ___________________in favour of the Bank.
c) Third Party Guarantee of .................................................................................
...........................................................................................................................
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d)
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6. Utilisation of the loan :
The amount of the loan shall be utilised strictly for the purpose detailed in your
application and in the manner prescribed. The construction of the house/flat or the
modification/extension proposed by you in the existing house/flat should be strictly
according to the plan approved by the Local Authorities/Town Planning and
Development authorities. Any modification desired in the scheme as originally
approved, can be undertaken only after express sanction for it has been obtained in
writing from the Bank.
7. Insurance :
The house/flat shall be insured comprehensively for the market value covering fire,
flood, etc. in the joint names of the Bank and the borrower.
8. Inspection :
The Bank will have the right to inspect, at all reasonable times, your property by an
officer of the Bank or a qualified auditor or a technical expert as needed by the
Bank and the cost thereof shall be borne by you.
9. Legal expenses etc. :
All legal expenses, like solicitor’s and lawyer’s fees, valuer’s fees, insurance
premia, stamp duty, registration charges and other incidental expenses incurred in
connection with the loan should be borne by you.
10. Disbursement :
The loan will be disbursed only on the following conditions :
a) Title of the property proposed to be mortgaged is clear, absolute, unencumbered
and marketable to the satisfaction of the Bank’s solicitor and a valid mortgage
(equitable or registered if equitable mortgage is not possible) has been created in
favour of the Bank..
b) All the security documents prescribed have been executed by you/co-applicant (s)/
guarantor(s).
c) The loan will be disbursed as under : (applicable where loans for construction is
desired or purchase is throu gh payment in instalments)
Stage Amount (Rs.)
I)
ii)
iii)
iv)
v)
The loan is also subject to other terms and conditions that may be prescribed by the Bank
from time to time. Please call on us on any working day to execute the documents. The
duplicate copy of this arrangement letter may please be returned to us duly signed by you
and the guarantor(s) in token of acceptance of the terms and conditions detailed herein.
Yours faithfully,
Branch Manager
Received the original. Terms and conditions accepted
Borrower(s)
Date
Terms and conditions of the loan are noted.
Guarantor(s)
Date
ANNEXURE E
(SPECIMEN OF MEMORANDUM OF TERM LOAN AGREEMENT FOR
HOUSING LOAN GRANTED TO PUBLIC)
TO BE STAMPED AS AN AGREEMENT
PLACE :
DATE :
STATE BANK OF INDIA
..........................
Dear Sirs,
You have, at my/our request granted me/us a loan of Rs.......................................
(Rupees .....................................) for purchase/construction of a flat/house/ plot of land or
for additions thereto, situated at ....................................................................
2. In consideration of the grant of the said advance and continuance of the said facility
for such time as the Bank may deem fit, I/we
.............................................................(names of borrowers) do hereby irrevocably and
unconditionally agree and undertake with you, so as to bind myself/ourselves, my/our
heirs, executors, administrators, estates, assigns and effects as follows, viz.
a) The disbursement of the amount of the loan shall be at your absolute discretion and
shall be co-related to the actual progress in the construction of the
house/flat/additions. Such disbursements shall be made by means of Bankers
cheques drawn in favour of parties to whom I/we may desire and instruct you to make
payment for the purpose of acquisition/construction/addition of/to house/flat/land.
You may, at your discretion and at my/our request credit a part of the loan amount to
my/our current/savings bank account (maintained in single or joint names) to enable
me/us to make payments to suppliers of goods and services. I/We shall submit to
the Bank, within a reasonable time, satisfactory proof of the proper utilisation of the
amount of the loan, such as Architect’s certificate, certifying the value of the work
carried out, Contractor’s bills, stamped receipts, sale agreement for house/flat. If
considered necessary by the Bank, I/we shall produce , at my/our cost, photographs
showing the progress of construction work carried out by me/us , which photographs
besides showing portion of the neighbouring properties, shall be certified by persons
whose certificates are acceptable to the Bank.
b) I/We shall repay the amount of loan as per arrangement/sanction letter which forms
part of this Agreement in equated monthly instalments of Rs....... each till the entire
loan with interest is fully repaid. This equated monthly instalment also includes
interest component.
.........2/-
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To be deleted where
Floating Rate of Interest is
applicable
Interest on the amount of the loan will be applied at the rate
of ......... per cent per annum with quarterly rests, calculated
on the highest monthly balance.
To be deleted where Fixed
Rate of interest is
applicable.
Interest on the amount of the loan will be applied at the rate
of .......per cent above State Bank Medium Term Lending
Rate hereinafter referred to as SBMTLR, rising and falling
therewith, at quarterly rests calculated on the daily balance
of the loan amount. Provided that the Bank shall at any
time and from time to time be entitled to change the rate of
interest depending on changes in SBMTLR, and such
revised rate of interest shall always be construed as agreed
to be paid by the borrower(s) and hereby secured.
Borrowers shall be deemed to have notice of change in the
rate of interest whenever the changes in SBMTLR are
displayed/notified at/by the branch/published in
newspaper/made through entry of interest charged in the
passbook/statement of accounts sent to the borrower(s).
Without prejudice to the Bank’s other rights and remedies, the Bank shall be entitled
to charge at its own discretion enhanced rates of interest on the outstanding in the
loan account (s) or a portion thereof or for any default or irregularity on my/our part
which in the opinion of the Bank warrants charging of such enhanced rates of
interest for such period as the Bank may deem fit. The Equated Monthly Instalments
will have to be paid till the entire loan and the interest is fully repaid. Further, the
amount of Equated Monthly Instalment may change/increase as may be decided by
the Bank.
Such interest will start accruing from the date of disbursement of the loan or the date
of disbursement of the first instalment of the loan where such loan is paid in
instalments.
c) If the loan amount has been utilised by me/us for purchase of ready built house/flat,
I/we shall pay the first such monthly instalment following the month in which the loan
amount is disbursed to me/us. The subsequent monthly instalments shall be paid
before the last day of each subsequent month. If the loan amount has been utilised
for construction of / additions to house/flat, I/we may be permitted to pay the first
such monthly instalment till 2 months after the month in which the house/flat has
been completed or on the expiry of 18 months from the date of disbursement of the
first instalment, whichever may be earlier. The subsequent monthly instalments will
be paid before the expiry of each subsequent month.
d) I/We declare and confirm that the amount of the loan or the balance then
outstanding shall become payable at once in case of my death or death of anyone
of us. In case of death, the Bank may, at its discretion, continue the loan provided
sufficient collateral security is furnished by my legal heirs/surviving borrower(s) or
some satisfactory arrangement for repayment acceptable to the Bank has been
made by my legal heirs/surviving borrower(s).
.....3/-
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e) I/We shall arrange for the payment of the equated monthly instalment from my/our
monthly salary or in whatever manner deemed fit * or by debit on the due dates
from the Current /Savings Bank account with Branch/or any other Branch where
I/we may hold the account singly or jointly and to appropriate the same in repayment
of the said loan and interest.
I/We shall execute in favour of the Bank a letter of authority, addressed to my/our
employers to recover and pay to the Bank the equated monthly instalment from
my/our salary every month*.
* Delete if not appropriate.
f) On demand the Borrower agrees to deliver to the Bank post-dated cheques for the
monthly instalments and the Borrower warrants that the cheques will be honoured on
first presentation. Any non-presentation of a cheque due to any reason will not affect
the liability of the Borrower to pay the monthly instalments or any other sum. The
borrower agrees to forthwith replace the cheques/issue fresh cheques, if required by
the Bank. The borrower shall not be entitled to call upon the Bank to refrain from
presenting any cheque for payment and if the borrower does so, the Bank shall
nevertheless be entitled to present the cheque for payment and in the event of
dishonour the provisions under Chapter XVII of the Negotiable Instruments Act,
1881, shall apply.
g) I/We declare and confirm that on my/our retirement, the outstanding amount of the
loan sanctioned to me will become repayable at once. The Bank may, at its
discretion, continue the loan provided satisfactory arrangement for repayment,
acceptable to the Bank has been made by me/us.
h) In the event of cessation of my/our business/service with my/our employers by way
of resignation or otherwise (except as a result of death or retirement), I/we undertake
to repay to the Bank forthwith on demand the balance principal amount of the loan,
or the balances then outstanding whichever is higher.
i) In the event of my/our ceasing to be in business/service of my/our employer whether
by retirement, resignation, death or by operation of law or for any other reason or
cause whatsoever and howsoever you shall be entitled at your discretion, to write to
my/our employers to appropriate and set off (i) any amount which may then be
payable by my/our employers to me/us whether by way of salary, allowances, bonus,
other remuneration or any payment (whether ex-gratia or otherwise) whatsoever and
(ii) any amount that may be standing to the credit of any account which I/we may
have with my/our employers or with you, either singly or jointly towards repayment of
the balance that may be then remaining due and payable by me/us in my/our said
loan account together with interest thereon at the applicable rates upto the date of
such repayment. Any such appropriation made by you or my/our employers shall be
conclusive and binding on me/us and my/our estate both in and out of court. In any
event my/our liability to make repayment of the entire dues immediately shall
remain valid till the entire amount with applicable interest as up to the date of
payment has been realised by you whether by way of recovery from my/our employer
or otherwise.
.....4/-
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j) I/We will not sell assign, mortgage, charge or in any way encumber or alienate the
said flat/house/land or any part thereof so long as I/we am/are indebted to the Bank
in the said loan account without prior permission of the Bank in writing. I/We
undertake to give prior intimation to you before letting out / giving on leave and
licence the said flat/house.
k) I/We shall create an equitable mortgage of land/ house/flat purchased by me/us out
of the amount of the said loan in favour of the Bank and shall execute/cause to be
executed such documents as may be required by the Bank. Where creation of
equitable mortgage is not possible, I/we shall create a legal mortgage by execution
and registration of proper Deed of Mortgage, of all my rights, title and interest in the
flat/house/land purchased by me/us in such form as may be approved by the Bank.
I/We shall, if required by the Bank, give such further security as acceptable to the
Bank forthwith on demand by the Bank. In case it is not possible to create security
by way of mortgage as aforesaid I/we shall forthwith on demand arrange for other
collateral securities by way of pledge such as insurance policies, promissory notes
issued by any Govt., shares or debentures of the companies, sufficient quantity of
gold or gold ornaments or other articles or things acceptable to the Bank as security
for the loan.
l) I/We shall obtain at my/our cost and produce for the satisfaction of the Bank a
certificate from the Advocate/Solicitors approved by the Bank certifying that I/we will
have clear and marketable title to the land/house/flat proposed to be purchased by
me/us and agree that the Bank shall be entitled not to disburse any amount of the
loan until such certificate has been produced by me/us.
m) I/We shall maintain the flat/house in good tenantable repair and condition at my /our
cost at all times so long as I/we am/are indebted to the Bank and that I/we shall
ensure that the Bank’s security is not in any way jeopardised. I/we shall duly and
punctually pay the charges, if any, payable to the Co-operative Society and also all
the municipal taxes, charges, rates, cesses etc. from time to time payable by me/us
in respect of the flat/house/land. The Bank shall be at liberty to inspect the
flat/house/land at any reasonable hours of the day and I/we shall furnish all such
information/particulars whatsoever as and when called upon to do so by the Bank.
.n) I/We shall at my/our cost insure and keep insured in the joint names of
myself/ourselves and the Bank my/our house/flat at all times against fire, flood,
cyclone, typhoon, lightning, explosion, riot, strike, earthquake risks and other acts of
God for such other risks for its full market value as desired by the Bank from time to
time and shall endeavour to get the building in which my/our flat is situated insured
against fire, flood, cyclone, typhoon, lightning, explosion, riot, strike, earthquake, risks
and other acts of God at all times by the Co-operative housing society/apartment
owner/association or any other body under whose control the building is vested. I/we
shall deliver copies of the insurance policies, cover notes, premium receipts, etc., to
the Bank . If I/we fail to effect such insurance the Bank will be at liberty but not
obliged to insure the said house/flat against fire, flood, cyclone, typhoon, lightning,
explosion, riot, strike, earthquake risks and other acts of God and debit the premium
and other charges to any of my/our accounts with the Bank. I/we expressly agree
and
.....5/-
- 5 -
declare that the Bank shall be entitled to adjust, settle, compromise or refer to
arbitration any dispute between the insurance company and the insured arising from
or under or in connection with any such policy or policies of insurance and such
adjustment, settlement, compromise or any award made on such reference to
arbitration shall be valid and binding on me/us. I/we further agree that the Bank shall
have a right to receive all moneys payable under any such policy or under any claim
made thereunder and to give a valid receipt therefor and that the amount so received
shall be credited to my/our loan account and I/we will not be entitled to raise any
question that a larger sum might or ought to have been received or to dispute my/our
liability for the balance remaining due on such account after such credit.
o) I/We shall abide by the terms and conditions of the sanction of the loan to me/us as
mentioned in the arrangement letter/sanction letter which forms part of this
agreement and also to the rules for such loans which are now in force and also those
which may be altered, revised, amended, added from time to time by the Bank/the
Reserve Bank of India/Central Government/State Government.
p) The undertakings, authority and agreements herein contained shall be irrevocable so
long as I/we continue to be liable to the Bank in the said loan account.
q) I/We also agree that the Bank shall also be entitled to transfer the loan account to any
of the branches of the Bank after giving due notice to me/us.
r) I/We hereby further agree that as precondition of the loan advances given to me/us
by the Bank, that in case of default in repayment of the loan/advances or in the
repayment of the interest thereon or any of the agreed installment of the loan on due
date/s, the Bank and/or the Reserve Bank of India will have an unqualified right to
disclose or publish my/our name(s) as defaulter in such manner and through such
medium as the Bank or Reserve Bank of India in their absolute discretion may think
fit.
s) I/We declare that I have understood all the terms and conditions for the sanction of
this loan and agree to abide by the same and also by the rules and regulations which
may be issued by the Bank in future from time to time and in the event of my/our
failing to do so, the Bank will have a right to recall the advance without prejudice to
the Bank’s right to take such appropriate action as the Bank may deem it fit and
proper.
Yours faithfully,
Borrower(s)
WITNESS
1. SIGNATURE : SIGNATURE
NAME NAME
ADDRESS ADDRESS
2. SIGNATURE : SIGNATURE
NAME NAME
ADDRESS ADDRESS
FORM-HFN.DOC
ANNEXURE F
(To be stamped as an agreement in accordance with the Stamp Act in force in the State in
which this document is executed. Not to be attested)
GUARANTEE AGREEMENT
The ......... Place :.......................
STATE BANK OF INDIA Date :
.........................
Dear Sir,
In consideration of the State Bank of India (hereinafter referred to as “the State Bank”)
having agreed to grant/granted at my/our request an advance of Rs...............( Rupees
.......................................................................................................................................) by
way of loan to Shri/Smt./Kum.........................................................................son of wife of
/ daughter of Shri..................................and Shri/Smt./
Kum.......................................................son of/wife of/ daughter of Shri..............................
(hereinafter referred to as “ the Borrower”) for purchasing flat/construction of house/flat,
addition thereto at .........................................
...........................................................................
..............................................................................................................................................
.......
(Detailed particulars of property are to be stated)
I/We Shri/Smt./Kum. .................................son of/wife of/daughter of
Shri................................................................... and Shri/Smt./Kum......................................
son of /wife of/ daughter of Shri...............................................residing
at...........................................................................................................................................
.............................................................................................hereby guarantee repayment of
all moneys at any time payable by the Borrower to the Bank in respect of the said loan
made to the Borrower with interest thereon and the due performance and observance by
the Borrower of the terms pertaining to the loan including the Loan Agreement dated.........
executed by the Borrower in favour of the State Bank and the terms and conditions
contained in the arrangement letter dated ................. issued by the State Bank to the
borrower (hereinafter called the said agreement) and the payment of all costs and
expenses incurred by the Bank in relation thereto and I/We also agree to pay and make
good to the Bank on demand all losses, costs, damages and expenses occasioned to the
Bank by reason of non-payment of the said moneys, costs and expenses or any part
thereof or the breach, non-performance or non-observance of any of the terms under the
said agreement as aforesaid, subject to the terms and conditions hereinafter contained :
That my/our liability under this guarantee is co-extensive with that of the Borrower as if
I/We were the principal debtor(s) of the Bank and the amount due under this agreement
will be recoverable from me/us without any recourse to the Borrower and it shall not be
obligatory on the Bank to call upon the Borrower to pay the amount first or to take any
action against the borrower before enforcing the guarantee against me/us nor shall it be
necessary for the Bank to join the Borrower in any suit against me/us. I/We further agree
that the guarantee given thereunder is irrevocable and enforceable notwithstanding any
dispute or any suit that may be pending between the Bank and the Borrower.
That the guarantee given shall be continuing one.
That on demand being made by the Bank for the payment of any amount under this
guarantee the same shall be paid without demur or protest by me/us and the notice for the
claim sent to me/us shall be conclusive of the amount due from me/us under the terms of
the guarantee.
The Bank shall be at liberty and without the consent or knowledge of me/us at any time or
from time to time to grant to the Borrower or any person liable for him any time or
indulgence and to determine enlarge or vary the amount of the loans and advances to
take or not to take and if taken to vary exchange or take other security or release or part
with any securities held or to be held by the Bank for or on account of the loans and
advances or any part thereof and to compound or make any other arrangement with the
Borrower or any person so liable with or for the Borrower without releasing or discharging
and/or in any manner affecting my/our liability under the guarantee.
That the guarantee hereby given is independent and distinct from any security that the
Bank has taken or may take in any manner whatsoever whether it be by way of
hypothecation, pledge and/or mortgage and/or any other charge over goods, book debts,
movables and other asset and/or any other property movable or immovable and that I/We
have not given the guarantee upon any understanding, faith or belief that the Bank has
taken and/or may hereafter take any or other such security and that notwithstanding the
provisions of Sections 140 and 141 of the Contract Act, 1872 or any other provision of that
Act or any other law, I/We will not claim to be discharged to any extent because of the
Bank’s failure to take any or other such security or in requiring or obtaining any or other
such security or losing, or parting with for any reason whatsoever including reasons
attributable to its default and negligence benefit of any other such security or any rights
to any or other such security that have been or could have been taken and in the event of
the Bank so losing or parting with security the guarantor(s) shall be deemed to have
consented to acquiesce in the same.
That without prejudice to the effect in any manner whatsoever of the foregoing clause,
where the loans and advances are secured or intended to be secured in any manner
whatsoever by or over any property movable or immovable whatsoever by way of
hypothecation, pledge and/or mortgage of and/or any charge over goods, book debts,
movable and other assets by or under any agreement(s) or letter(s) or otherwise I/We will
not be concerned in any manner with any or other such security that the Bank has taken
or proposes to take or may take and that the Bank’s failure in requiring or obtaining any or
other such security or in the observance or performance of any of the the stipulations or
terms contained in any Agreement(s) if any or letter(s) and the default of the Bank in
requiring or endorsing the observance or performance of any of the said stipulations or
terms shall not have the effect of releasing me/us from my/our liability and or of
prejudicing the Bank’s rights or remedies against me/us under the Agreement or
otherwise.
That the Bank shall be at liberty to take other secuities for the loans and advances or any
part thereof and to release or forbear to enforce all or any of its remedies upon or under
such securities and any collateral security or securities now held by the Bank and that no
such release or forbearance as aforesaid shall have the effect of releasing me/us from
my/our liability or of prejudicing the Bank’s rights and remedies against me/us under the
terms of the guarantee and that I/We shall have no right to the benefit of any other
security that may be held by the Bank until the claim of the Bank against the Borrower in
respect of the loans and advances and of all the other claims (if any) of the Bank against
the Borrower on any other account whatsoever shall have been fully satisfied and then in
so far only as such security shall not have been exhausted for the purpose of realising the
amount of the said Bank’s claims and rateably only with other guarantors or other persons
(if any) entitled to the benefit of such securities respectively.
That notwithstanding anything contained in Section 133 of the Contract Act or in any other
provisions of law, I/We will not claim to be discharged to any extent because of the Bank
varying any of the terms and conditions whether contained in any Agreement(s) or letter(s)
and on which the loan has been made to the Borrower and for this purpose and in
particular any excess drawings over and above the sanctioned limit of the loans and
advances allowed by the Bank at or without the specific request of the Borrower shall not
discharge me/us from my/our liability under this guarantee.
The guarantor(s) hereby agree(s) that notwithstanding any variation made in the terms of
the Loan Agreement dated................ or any other Agreement or letter inter alia including
variations in the rate of interest, extending the date of payment of the instalments and on
which the loan has been made or any composition made between the Bank and the
Borrower or any agreement on the part of the Bank to give time to or not to sue the
Borrower or the Bank parting with any of the securities given by the Borrower, the
Guarantor(s) shall not be released or discharged of his/their obligations under this
Guarantee provided that in the event of any such variation or composition or agreement
the liability of the Guarantor(s) shall notwithstanding anything herein contained be
deemed to have accrued and the Guarantor(s) shall be deemed to have become liable
hereunder on the date or the dates on which the borrower shall become liable to pay the
amount/amounts due under the above referred to Agreements as a result of such variation
or composition or agreement.
That if the Borrower shall become insolvent, bankrupt or makes any arrangement or
composition with creditors the Bank (notwithstanding payment to the Bank by me/us or
any other person of the whole or any part of the amount hereby secured) rank as creditor
and may prove against the estate of the Borrower for the full amount of all the Bank’s
claims against the Borrower or agree to and accept any composition in respect thereof
and the Bank may receive and retain the whole of the dividends, compensation or other
payments thereof to the exclusion of all my/our rights as guarantor(s) for the Borrower in
competition with the Bank until all the Bank’s claims are fully satisfied and I/We will not be
paying off the amount payable by me/us or any part thereof or otherwise prove or claim
against the estate of the Borrower until the whole of the Bank’s claims against the
Borrower, in respect of all the liabilities whatsoever have been satisfied and the Bank may
enforce and recover payment from me/us of the full amount payable by me/us
notwithstanding any such proof or composition as aforesaid.
The guarantor shall not stand discharged by transfer of the loan account of the borrower
from one branch to another and such transfer of the account shall not be deemed as a
variation of the terms of the contract.
That any notice by way of demand or otherwise may be given by the Bank to me/us
sending the same by post and addressed to me/us and the notice shall be deemed to
have been given at the time when it will be delivered in the ordinary course of post and it
will be sufficient in order to prove service of any such notice and to prove that the
envelope containing the same was posted and the certificate signed by any officer duly
authorised by the Bank in this regard that the envelope was posted, shall constitute such
proof.
That the guarantee herein contained shall not be determined or affected by the death of
the guarantor(s) hereunder but shall in all respects and for all purposes be binding and
operative on his/their successor(s), heir(s) and assigns until repayment of all moneys
secured by and due to the Bank under the loan granted to the Borrower.
We further agree that we shall be jointly and severally liable to the bank for the entire
outstanding in respect of the loan and that the Bank shall be at liberty to sue either or any
of us in respect of such liability without joining the other or others of us and
notwithstanding any decree in any such suit subsequently to sue the other or others of us
and to proceed to judgement and execution at the option of the Bank until its claim is fully
satisfied.
Signed and delivered by the said
Shri ....................................................................(Guarantor).....................................
Shri ....................................................................(Guarantor).....................................
Shri ....................................................................(Guarantor).....................................
Shri ....................................................................(Guarantor).....................................and
Shri ....................................................................(Guarantor).....................................
Place :................................
Date : ...............................
scheme/form-hf
ANNEXURE H
(Undertaking from applicant where a housing loan is granted for purchase of plot of land :
RBI letter No.IECD.No.27/03.27.25/97-98 dated 22nd December, 1997)
The Branch Manager
State Bank of India
...........................Branch.
Dear Sir,
HOUSING FINANCE
APPLICATION FOR A LOAN FOR PURCHASE OF PLOT OF LAND
This has reference to my/our application dated..............................for a loan of
Rs.......................... for purchase of a plot of land for construction of a dwelling unit
thereon. I hereby give an undertaking that I will be constructing a house on the said plot
of land within a period of two years. In the event of my failing to construct a house within
two years, the Bank will be free to charge a higher rate of interest as deemed fit by the
Bank or even to recall the loan.
Yours faithfully,
(.....................................)
Name(s) and Address)
form-hou
ANNEXURE K
STATE BANK OF INDIA
BRANCH :
DATE :
To,
.....................................
..............................
...........................
Dear Si/Madame,
With reference to your application for financial assistance, we are, in principle, agreeable to grant a loan to
you, on the broad terms, special conditions (if any), as under and the conditions attached. The loan is
subject to Legal and Technical clearances and the rules of SBI in that behalf (as may be applicable from time
to time). Formal sanction letter stating terms and conditions will be issued on receipt of your confirmation as
regards identification of the property and your requirements subject to acceptance of the Bank.
Loan Amount (Rs.) Term Processing Fees payable (Rs.)
Additional/Collateral Securities.
Special conditions :
(a) Additional/Collateral Security(ies) will not be released during the currency of the loan.
(b) Disbursement will be subject to receipt of satisfactory Verification of Employment/Banker’s Opinion
Report (as may be applicable).
(c) Creation of a valid equitable mortgage over the flat/property of adequate value being financed.
Remarks :
The in-principle approval is valid for 3 months from the date of this letter. If this offer is acceptable to you,
kindly sign the duplicate copy marked “ Acceptance Copy” in token of your acceptance and return it to us
together with Cash or a crossed cheque/draft marked “Account Payee” in favour of “SBI” being the
processing fees (as mentioned above), drawn on or payable at any bank at the place where the application
has been deposited.
As the offer is subject to legal and technical clearances, you are requested to contact us, after accepting this
offer, in order to complete requisite pre-disbursement formalities and expedite disbursement of the loan.
Yours faithfully, ACCEPTED
BRANCH MANAGER ........................
Signatures of the Borrower(s)
form-hfn
ANNEXURE J
STATE BANK OF INDIA
..............................BRANCH
FORMAT FOR REPORTING FIXED RATE HOUSING LOANS
EXCEEDING RS.10 LACS TO INDIVIDUALS
FINANCIAL YEAR ..............................
(FOR THE MONTH OF ..............................................)
TO REACH THE CONTROLLER LATEST BY THE 5TH OF THE
FOLLOWING MONTH, POSITIVELY.
No.of Accounts of Housing Loans Aggregate limit of
exceeding Rs.10 lacs each, sanctioned accounts mentioned
during the month of .................... in column (1)
at fixed rates of interest.
(1) (2)
--------------------------------------------- --------------------------
No.of Accounts of Housing Loans Aggregate limit of
exceeding Rs.10 lacs each, sanctioned accounts mentioned
during the financial year upto the in column (3)
month.
(3) (4)
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form-hfn