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Supplementary Terms & Condition Letter

This document outlines supplementary terms and conditions for a loan account. It modifies terms of an existing loan disbursement letter or agreement upon the borrower's request. Key points: 1. It amends the loan amount, interest rate, repayment term, monthly installment, or due date based on options selected by the borrower. 2. Existing borrowers may be replaced or additional borrowers added based on schedules included. 3. All other terms of the original disbursement letter or agreement remain unchanged except as explicitly modified here.

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Sunil Goyal
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472 views2 pages

Supplementary Terms & Condition Letter

This document outlines supplementary terms and conditions for a loan account. It modifies terms of an existing loan disbursement letter or agreement upon the borrower's request. Key points: 1. It amends the loan amount, interest rate, repayment term, monthly installment, or due date based on options selected by the borrower. 2. Existing borrowers may be replaced or additional borrowers added based on schedules included. 3. All other terms of the original disbursement letter or agreement remain unchanged except as explicitly modified here.

Uploaded by

Sunil Goyal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SUPPLEMENTARY TERMS & CONDITIONS

(To be executed on stamp paper as applicable state wise)

Date: _____________ Place: _____________ Loan Account No.: ______________________________


This is in reference to captioned Loan Account Number, Disbursement Letter dated_________
(Disbursement letter)/ Loan Agreement dated ____________(Loan Agreement)] read with the
Sanction Letter dated ___________.

Post the issuance of the said Disbursement Letter/execution of the Loan Agreement, on your request, we
hereby agree to incorporate the amendments/ modifications to the said Disbursement Letter/Loan
Agreement (whichever is applicable). In pursuance thereof this Supplementary Terms & Conditions is
being issued which contains some additional terms and conditions in addition to and / or in modification of
the existing terms, conditions forming part of the said Disbursement Letter/Loan Agreement.

This Supplementary Terms & Conditions shall form an integral part of the Disbursement Letter and GTC
and the Loan Documents /Loan Agreement (whichever is applicable). All capitalized terms used herein and
not defined will have the same meaning ascribed to it under the General Terms and Conditions (GTC)/
Loan Agreement (whichever is applicable). Save and except the amendments/ modifications mentioned
herein, the terms and conditions as mentioned in the Disbursement Letter/ Loan Agreement (whichever is
applicable) shall remain unchanged and shall continue to be in force & effect.
The Disbursement Letter/Loan Agreement shall now stand modified by the following amendments
appearing herein below:
(Please tick whichever is applicable)

Change in Loan Amount: The Loan Amount shall stand modified to

a. Loan amount: Rs.___________________________________________________________


b. Insurance premium: Rs.________________ (as requested by the Borrower(s) and financed
by PNBHFL
c. Total loan amount: Rs. ________________ (Rupees
____________________________________).

AND/ OR

Change in PNBHFR : The PNBHFR shall stand modified to:


PNBHFR-(Home Loan Salaried/SEP) 8.50% p.a. (+____________ %) = ________% p.a.
PNBHFR-(Home Loan Self Employed) 8.55% p.a. (+________ %) = ________% p.a.
PNBHFR (Non-Home Loan) 9.15% p.a. (+_________%) = ________% p.a.

AND/ OR

Change in Rate of Interest Scheme : The rate of interest scheme shall stand modified to:
Floating: @ PNBHFR (+______ %) or (-______ %) = _______________% per annum on the
date of execution of the Loan Documents.
Initially Fixed followed by Floating : Fixed @ ______ % per annum for _____months from the
date of first Disbursement followed by Floating Rate of Interest to be applicable thereafter for
the balance Loan Amount based on prevailing PNBHFR at that time (+_____%) or (-_____%)
per annum for remaining repayment period as per terms of the Loan Documents.
Fixed: @ ______ % per annum.

______________________
Signature of the Borrower(s)
CSO/PNBHFL/Supplementary Terms & Conditions Letter Format/Version 4.0.0 Page 1 of 2
AND/ OR

Change in Repayment Term: The remaining tenure of the Loan shall be modified to _______
months.

AND/ OR
Change in Equated Monthly Installment (EMI): The EMI shall stand modified to
a. Rs. ______________________
b. Number of remaining EMIs: __________
c. Due Date of the subsequent EMIs shall be payable on the same date of each month.

AND/ OR
Change in Due Date: Due date shall stand modified to ________of every month.

AND/ OR
Change in Borrower(s): The Borrower(s) as mentioned in Schedule II shall replace the existing
Borrower(s) as mentioned in Schedule I.

AND/ OR
Additional Conditions (if any):

__________________________________________________________________________________

Yours sincerely,
For PNB Housing Finance Limited
Authorized Signatory

The Borrower(s) whose signatures are appended herein below accept the contents of this Supplementary
Terms & Conditions by countersigning the same.

Schedule I

S.N. Name of Existing Borrower(s) Address of Existing Borrower(s) Signature

Schedule II

S.N. Name of Borrower(s) Address of Borrower(s) Signature

In presence of the following witnesses:


1. __________________________
2. __________________________

CSO/PNBHFL/Supplementary Terms & Conditions Letter Format/Version 4.0.0 Page 2 of 2

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