MAHARASHTRA GRAMIN BANK

(Government Undertaking)
Head Office, Aurangabad
Regional Office, Aurangabad

MGB/RO/Credit/ /2019-20 Date: 21.09.2019

To
The Regional Manager
Maharashtra Gramin Bank
Regional Office Aurangabad

Respected sir,

Sub: Deviation in Takeover & Top up housing loan proposal of Mr.Sachin Madanlal Dahiwal.

We have received Takeover & Top up housing loan proposal Mr.Sachin Madanlal Dahiwal in our
branch. Proposal is under the delegated power of Branch Manager.

Details of availability in proposal & deviation as follow:

Sr. Norms as per policy Availability in Proposal. Deviation if any.

No. Guidelines for housing

1 Minimum Age: As per scheme N.A

Individual having age of
minimum 21 years are
eligible

2 Minimum two years tax As per scheme N.A

returns: For businessmen
/service person he should
have minimum 2 years
Income tax return with
tax liability.

3 Minimum standing: Applicant has availed housing loan as on Deviation in 36 month

Minimum standing 30.04.2017 from Gruh Finance .So Loan criteria of Standing
should be 36 months completed just 29 month standing whereas .As in proposal only
as per scheme minimum 36 month Standing 29 month completed.
including moratorium is required.

4 Loan to Value Ratio As per scheme N.A

5 Quantum of Finance: As per scheme. N.A

6 Margin: As per scheme. N.A

Minimum 15% on
agreement cost.

7 Security As per scheme. N.A

8 Interest Rate As per scheme. N.A

9 Repayment As per scheme. N.A

10 Deduction As per scheme. N.A

11 Processing Charges As per scheme. N.A

12 Guarantor As per scheme. N.A

13 Mode of disbursement As per scheme. N.A

14 CIBIL As per scheme. N.A

Details of housing loan to be Takeover

Ac no Date of Amount Amount Overdue if any Status

sanction sanction outstanding

602/6622 30.04.2017 Rs. 11,75,000/- Rs.9,07,093/- Nil Regular

Gruh Finance

Justification for Deviation: Applicant is our old customer & Gold Smith by profession. He has
availed Cash Credit of Rs. 5.00 Lakh for his business from our Branch. Transaction in the said
accounts are regular. He has availed Housing Loan from Gruh Finance Aurangabad & Rate of
interest of this loan is 10.75%. Also he is going to repair & renovate his existing house. For that he
has applied for Takeover & top up of housing loan.

Considering all above facts request to allow us facts we have strongly recommended deviation in
minimum standing of 36 month of existing loan to be takeover.

Yours Faithfully,

Regional Manager,

R. O. Aurangabad