Product Loan Account no.

Customer Id

Home Loan - Swaraj IL10498847 2410391

Sanction Amount Current Disbursement ** Disbursement Date

₹320860.00/- ₹130319.00/- 15/06/2023

Dear Mrs. Jayalakshmi Mullapudi,

Favouring Name Amount
Mr. MULLAPUDI SUBBARAO,JAYALAKSHMI
MULLAPUDI,
Welcome to IIFL Home Finance Limited
Thank you for choosing IIFL Home Loans as your
preferred housing finance partner.

We are delighted to have you with us and committed to Total Amount Disbursed
provide you with the highest level of services. ₹130319.00/-

Your loan disbursal details are mentioned on the right side Interest Type
of this document. Mixed Rate - Fixed and Adjustable
Base Rate(IH-LPLR) Margin(+/-) Rate of Interest
To view your loan account details, you can download IIFL
Loan App or login to our website 16.60% 2.80% 19.40%
www.iifl.com/home-loans.
EMI/PEMI Due Date

To know about Fair Practice Code, please visit website 5th of Every Month
https://www.iifl.com/home-loans/fair-practice-code Current PEMI* Next PEMI*/EMI*

₹4947/- ₹5288/-
Sanction Tenure(in months)

84
Use latest version of IIFL Loans app to view your loan details, download
*Subject to change as per terms of loan agreement
interest certificates, pay your loan outstanding and much more.
**Deduction from disbursed amount

Processing Fee(including GST) ₹8876.00/-

Branch Address: Other charges(including GST) ₹0.08/-

Insurance Charges ₹20860.00/-
30/30E, Upper Ground Floor, Shivaji Marg, Cersai Fee (Including GST) ₹59.00/-
New Delhi - 110015

Presentation Charges (Including GST) ₹523.92/-

Legal Handling Charges(Including GST) ₹0.00/-

Total deduction from disbursement ₹30319.00/-
IIFL Home Finance Limited
Loan Account no. Co-borrower Name

IL10498847 Mr. MULLAPUDI SUBBARAO,JAYALAKSHMI MULLAPUDI,

Borrower Name

Mrs. Jayalakshmi Mullapudi

FAQs
What does EMI mean? For more information on rates and charges applicable on the
EMI or Equated Monthly Installment is a fixed installment paid homa loan visit:
by you to IIFL HFL on a specific date each month. EMIs are used https://www.iifl.com/home-loans/interest-rates-and-
to pay both interest and principle so that the loan is paid off in full charges
within specified numbers of years.
Can I increase EMI amount if repaying capacity
increases? If I opt to increase my EMI, can I decrease
What is Pre-EMI Interest? the EMI in future?
Pre-EMIs refers to monthly payment of only the interest
applicable on the partial loan disbursed till date. It is generally Yes, you can! For this, you can raise a request at your
applicable in under-construction cases where the loan service branch during visiting hours, 10:00am- 4:30pm from
disbursement happens in tranches. The actual EMI starts after Monday to Friday(Except Public Holidays). You can also
the Pre-EMI phase i.e. after the construction of the home and full raise a request through our Customer Care Helpline
disbursement. Number: 1860 267 3000 between 9:30am- 6 pm from
Monday to Friday(except Public Holidays) or raise a request
What is under construction property? at
https://www.iifl.com/contact-us/home-loan/raise-a-
An under construction property is the one which is in process of
request.
being built up and is not ready to move in. The possession of an
under-construction property is to be handed over at a future date. How do I change my Contact Details, Email Id and
Communication Address in home loan account?
You can change your communication details such as email
Can I repay my loan ahead of Schedule? and mobile by submitting a request on the links.
Yes, you can repay your loan ahead of schedule.For individuals,
no prepayment charges are applicable in case of partial or full For Mobile:
prepayment. Foreclosure charges may be applicable accordingly. "https://www.iifl.com/contact-us/home-loan/raise-a-
request/update-mobile"

For Email:
What is Adjustable Interest Rate/Mixed Interest Rate? "https://www.iifl.com/contact-us/home-loan/raise-a-
IIFL HFL offers only Adjustable Interest Rate(AIR) throughout the request/update-email"
tenure of all retail loans. AIR(Adjustable Interest Rate) is
computed with reference to the Prime Leading rate of IIFL HFL Mobile App, Web Login. Additionally, you can also place a
together with the margin, if any, as specified in details in the request via request form (
Loan Agreement. https://www.iifl.com/contact-us/home-loan/raise-a-
request) or call our helpline number
1860-267-3000 | 7039-050-000. For communication address
What are the other charges that usually accompany a
update, you can visit our branch to submit request form
home loan? along with necessary proof during visiting hours, 10:00am -
Home loans are usually accompanied by the following 4:30 pm from Monday to Friday (Except Public Holidays).
charges other than interest:
• CERSAI Fee: CERSAI Fee is paid to the Central Registry
of Securitization Asset Reconstruction and Security
Interest (CERSAI), within 30 days of loan disbursement,
for registering the details of new property that is
mortgaged with the lender. What are the benefits of home loan?
• Collateral Evaluation Charges: These are the charges You are eligible for tax benefits on principal and interest
incurred by the lender for assessing borrower's property. components of your Home Loan under Income Tax Act,
• Processing Fee: It is fee payable to the lender upon 1961. you can claim tax benefit on principal repayment of
applying for loan. It is either a fixed amount that is not loan under section 80C and tax deduction on interest
linked to the loan amount or a variable amount i.e payable under section 24(b). As the benefits can vary each
percentage of the loan amount. year, please check with the Loan Counsellor about the tax
• BT Handling Fee: These charges are levied for handling a benefits that you can avail on your loan.
transaction of Balance Transfer from any other Financial
institution.
IIFL Home Finance Limited
Loan Account no. Co-borrower Name

IL10498847 Mr. MULLAPUDI SUBBARAO,JAYALAKSHMI MULLAPUDI,

Borrower Name

Mrs. Jayalakshmi Mullapudi

How do I get the financial year income tax certificate on How can I update my GST details in exisiting
my mail? Home Loan?
We send your Provisional certificate in January and Final Interest You can walk-in the service with your GST certificate during
Certificate in March, on your registered email address. Same can visiting hours, 10:00am- 4:30 pm from Monday to Friday
also be fetched from our Mobile App, Web Login. Additionally, you (except Public Holidays) . You can also raise a request
can also place a request via request form through our Customer Care Helpline Number: 1860 267
https://www.iifl.com/contact-us/home-loan/raise-a-request or 3000 between 9:30am - 6pm from Monday to Friday(except
call our helpline number. Public Holidays) or raise a request at
https://www.iifl.com/contact-us/home-loan/raise-a-
request
Can I get my EMI cycle date changed post
disbursement of home loan?
Yes, you can. For this, you can raise a request at your service
branch during visiting hours, 10:00am- 4:30 pm from Monday to
Friday(except Public Holidays). You can also raise a request
through our Customer Care Helpline Number: 1860 2673 000
between 9:30am - 6pm from Monday to Friday(except Public
Holidays) or raise a request at
https://www.iifl.com/contact-us/home-loan/raise-a-request.

This is a system generated Letter and does not need any signature
 CUSTOMER AWARENESS

In compliance with RBI’s Circular on Prudential norms on Income Recognition, Asset Classification and
Provisioning pertaining to Advances dated October 01, 2021 and RBI’s Clarification on Prudential norms on
Income Recognition, Asset Classification and Provisioning pertaining to Advances dated November 12, 2021
(“RBI IRACP Norms Clarifications”) as amended from time to time and /or as required/ directed by RBI, shall
classify and notify facility as overdue, SMA/NPA. Further upgradation of such accounts shall also be guided by
the aforementioned clarification. Below is the manner in which such classification and upgradation will be
undertaken by the Company.

RBI has provided relaxation via notification dated February 15ᵗʰ, 2022 for “Prudential norms on Income
Recognition, Asset Classification and Provisioning pertaining to Advances – Clarifications.” for the application
of the above mentioned provision for upgradation of accounts classified as NPA till September 30, 2022.

• Date of overdue:

Account will be flagged as an overdue account if as on running day-end processes (irrespective of time of
running such process) no payment has been received.

Example for date of overdue:

If due date of a loan account is March 31, 20XX, and full dues are not received before the Company runs the
day-end process for this date, the date of overdue shall be March 31, 20XX.

• Special Mention Account (SMA) and Non-Performing Asset (NPA) Classification:

The Company will flag an account as SMA or NPA if the default subsists (as per timeline prescribed) at time of
running day-end process. The classification parameter as provided in RBI IRACP Norm Clarifications are as
follows:

Loans other than revolving facilities Loans in the nature of revolving facilities like cash
credit/overdraft

SMA Sub- Basis for classification – SMA Sub- Basis for classification – Outstanding
Categories Principal or interest payment Categories balance remains continuously in excess of
or any other amount wholly the sanctioned limit or drawing power,
or partly overdue whichever is lower, for a period of:

SMA-0 Upto 30 days SMA-0 -

SMA-1 More than 30 days and upto SMA-1 More than 30 days and upto 60 days
60 days
SMA-2 More than 60 days and upto SMA-2 More than 60 days and upto 90 days
90 days
Example:

SMA-0 Classification:

In continuation of above example, if the account remains overdue upon running March 31, 20XX day-end
process it will be classified as “SMA-0”.

SMA-1 Classification:

In continuation of above example, if the account remains overdue upon running April 30, 20XX day- end
process it will be classified as “SMA-1”.

SMA-2 Classification:

Similarly, if the above account remains overdue upon running May 30, 20XX day-end process it will be
classified as “SMA -2”.

NPA Classification:

Aforementioned account if remains overdue upon running June 29, 20XX day-end process it will be classified
as “NPA”.

• Upgradation of accounts classified as NPAs:

Once account is classified as NPA, it shall be only be upgraded as standard assets upon payment of entire
arrears of interest and principal (EMI) by the borrower at the time of running the day-end activity of that
particular date.

Existing instructions as specified for accounts classifies as NPA due to restructuring, nonachievement
of date of commencement of commercial operations (DCCO), etc shall continue to be applicable.

• Case Study:

S.No. Date PARTICULARS REMARKS

31ˢᵗ March 20XX Non-Payment at the time of running Date of Overdue classified as
1 day-end SMA-0
process
30ᵗʰ April 20XX Non-payment subsists at the time of Classified as SMA-1
2 running day-end process.
30ᵗʰ May 20XX Non-payment subsists at the time of Classified as SMA-2
3 running day-end process.
29ᵗʰ June 20XX Non-payment subsists at the time of Classified as NPA
4 running day-end process.