Foreclosure Letter

22-Jan-2024
Mr./Ms. DEEPAK MURUGESAN
100 OPP SALEM TEXTILE
SELLIYAMPALAYAM ATTUR TALUK
ATTUR 636108

Dear Customer,
Subject: Insta Jumbo Loan Account: 1019010018198719 (mention this number for any query/ payments
with regards to your Insta Jumbo Loan)

We are pleased to grant you the Insta Jumbo loan as per the details stated below. The loan amount
would be disbursed to you as per your request.
Insta Jumbo card no. 434677XXXXXX4316
Loan no. 0000000000101359735
Unsecured Loan Type Insta Jumbo Loan
Amount Rs.210000.00
Fixed Interest Rate 1.05% p.m.
Tenure 24 Months
EMI Rs.9944.37
Processing Fee Rs.999.00
Preclosure charges 3% (of principal outstanding at the time of closure) + GST @ 18%

Please find the loan details provided in the below Key Fact Statement:
Sr. No Parameter Details
i Loan amount (in Rupees) 210000.00
Rate of interest percentage per
ii 12.60
annum
Total interest charge during the
iii entire tenor of the loan (in 28885.46
Rupees)
Other up-front charges, if any
iv (break-up of each component to 999.00
be given below) (in Rupees)
Processing fees, if any (in
a 999.00
Rupees)
b Credit Protect- Insurance -
c Any Other Insurance Charges -
d Documentation Charge -
 Others (if any) (in Rupees) (details
e -
to be provided)
Net disbursed amount (i) (in
v 210000.00
Rupees)
Total amount to be paid by the
vi borrower (sum of(i), (iii) and (iv)) 239884.46
(in Rupees)
Annual Percentage Rate- Effective
annualized interest rate (in
percentage) (computed on net
vii 13.08
disbursed amount using IRR
approach and reducing balance
method)
viii Tenor of the Loan (in months) 24
Repayment frequency by the
ix Monthly
borrower
Number of instalments of
x 24
repayment
Amount of each instalment of
xi 9944.37
repayment (in Rupees)
Details about Contingent
Charges
Rate of annualized penal
Late Fees: Rs500
xii charges in case of delayed
payments (if any)
Rate of annualized other penal Payment Return Fees: 2% of the
xiii charges (if any); (details to be payment amount, min Rs450, max
provided) Rs4999
Other Disclosures
xiv Cooling off/look up period 3 days
Details of LSP acting as https://www.hdfcbank.com/person
xv recovery agent and authorized al/useful-links/our-corporate-
to approach the borrower commit
 Mr. Shanmugasundar R
Name, designation, address and
phone number of nodal
( Grievance Redressal Officer )
grievance redressal officer
xvi HDFC Bank Cards Division,
designated specifically to deal
8, Lattice Bridge Road,
with Fintech/ digital lending
Thiruvanmiyur,Chennai 600041.
related complaints/issues
Phone No- 044 - 61084900
https://www.hdfcbank.com/person
xvii Privacy Policiies of HDFC Bank
al/useful-links/privacy

*GST is applicable on processing fees and charges.

*GST is not added in the APR calculation

For the First EMI, the Interest will be calculated from the loan booking date till the payment due
date. This is applicable only for the First EMI of the loan, interest for the remaining EMI will be as
per the statement cycle.
This is effective only for loans booked from September 5th, 2018 onwards.

In case you require any further assistance, please contact our 24-hour PhoneBanking numbers within 7
days of receiving this letter.

Terms and Conditions:

Below points from 1 to 7 are only applicable for existing HDFC Bank Savings/Current Account
Holders
1. I declare that in addition to other end use restrictions applicable as per Terms and Conditions, the
Insta Jumbo Loan disbursed amount shall not be utilized for repayment of dues against any HDFC Bank
credit card and/or for repayment of any loan/credit facilities availed from HDFC Bank.
2. The Insta Jumbo loan amount shall be credited to my primary Savings/Current Account.
3. Customer ID, Name and Date of Birth updated in the Credit card system should match with the
Customer ID, Name and Date of Birth updated in the Savings account to get Instant credit. Else loan will
get processed / rejected on the subsequent working day post internal checks.
4. Auto pay will be linked to the existing HDFC Bank primary savings/current account to debit EMI
towards the Insta Jumbo loan
5. Auto Pay for Insta Jumbo Loan EMI Debit will be activated within 7 days from the date of loan
Applying. Your Primary savings/current account will be debited for the total amount due on the payment
due date as indicated in the Insta Jumbo Loan monthly statement or within 5 working days from the
payment due date. Kindly maintain sufficient balance in your primary savings/current account before the
payment due date
6. If the primary savings/current account does not have sufficient funds, you will be liable to pay
applicable charges as indicated in the monthly statement.
7. If there is an unsuccessful auto- debit of Insta Jumbo Loan EMI from HDFC primary Saving/Current
Account , then customer is liable to pay applicable charges. Non-payment or partial payment of EMI
outstanding will attract late payment penalty of Rs.500 plus GST irrespective of EMI amount
outstanding.

Below points from 8 to 13 are only applicable for Non HDFC Bank Savings/Current Account
Holders or customers who do not hold an eligible account for disbursement of funds
8. A separate new account for Insta Jumbo Loan will be generated on the Credit Card. The EMI for the
loan needs to be paid by the customer through Cheque/Cash/NEFT/IMPS. Kindly mention the 16-digit
Insta Jumbo Loan number on the cheque. In case of skipping the payment due date, you will be liable to
pay applicable charges as indicated in the loan account statement.
9. Non-payment or partial payment of EMI outstanding will attract late payment penalty of Rs.500 plus
GST irrespective of EMI amount outstanding. No finance charge will be levied on non-payment or partial
payment of EMI outstanding.
10. If the loan is availed through Demand Draft, it will take upto 7 working days for the Demand draft to
get delivered. Please note if your credit card statement date falls in between this period, 1st EMI of the
loan will be billed in the statement.
11. If Insta Jumbo loan needs to be cancelled for any reason, whatsoever, then it can only be done if DD
is not utilized/liquidated. The customer is required to contact customer care service to place the loan
cancellation request in the bank system.
12. If Insta Jumbo Loans booked via NEFT mode of disbursement fails due to internal system checks,
the system will change the mode of disbursement to DD by default and book the same.
13. Insta Jumbo Loans booked via NEFT/other bank account can only be preclosed. Preclosure
outstanding and charges stands payable.

Below points are applicable for all HDFC Bank Credit Card customers
14. If Insta Jumbo loan needs to be cancelled for any reason, whatsoever, then customer is required to
contact Bank executive to place loan cancellation request in the system and maintain sufficient funds in
his primary savings/current account to retrieve the funds
15. Availing of the loan will be basis the acceptance of the terms and conditions and customer will be
bound by the same.
16. Only Select HDFC Bank Credit Card Customers are eligible for the loan. HDFC Bank reserves the
right to decide the eligibility as per internal policy and guidelines.
17. A separate monthly statement will be sent for Jumbo Loan and the billing cycle date &payment due
date will be the same as your Credit Card. EMI will be billed in the monthly Insta Jumbo Loan statement
starting from the immediate billing cycle date.
18. Please note that EMI = Principal Amount + Interest Amount. (GAP Interest is applicable only on 1st
EMI)
19. Refer to the Amortization schedule that is enclosed below for details of principal amount &interest
amount.
20. Processing fees will be levied during the immediate billing cycle post loan disbursement.
21. Partial pre-payment or partial closure is not permitted on this loan.
22. The loan once approved &Processed can only be pre-closed. In case of pre-closure of the loan, a
charge, currently 3% of the balance principal outstanding will be applicable. In case of pre-closure of the
loan, a charge, currently 3% of the balance principal outstanding will be applicable.
23. Along with pre-closure charges, pro-rata interest applicable and credit card outstanding balance at
the time of preclosure have to be repaid for pre-closure of the loan.
24. Please access- https://mycards.hdfcbank.com to know the applicable loan preclosure charges and to
preclose the loan.
25. HDFC Bank reserves the right to revise the pre-closure penalty at its discretion. Additional interest if
any on the principal outstanding from last statement date till date of loan pre-closure needs to be paid by
customer.
26. GST is applicable on the following:
•Processing fees
•Pre-closure charges
•Effective 1-Ju17-2017, GST is 18%, subject to change and will be applicable as per Govt. regulations
Goods and Services Tax (GST) ·The applicable GST would be dependent on place of provision (POP)
and place of supply (POS).If POP and POS is in the same state then applicable GST would be CGST
and SGST/UTGST else, IGST. GST For FEE &Charges / Interest transactions Billed on statement date
will reflect in next month statement. GST levied will not be reversed on Any dispute on Fee &Charges /
interest.
27. Please note that any payments made by/on behalf/ for the Borrower or any realisations in relation to
the Loan, security, shall be appropriated towards the Outstanding Balance and/ or Liabilities in the
following order:
•Firstly, towards payment of EMIs, within which Interest first and then Principal
•Secondly, towards any charges, commissions, fees, taxes, levies (as applicable). Bank reserves the
sole right and discretion to waive any applicable charges, commissions or levies, in certain
circumstances and as per applicable policies and regulatory guidelines. It is clarified that any such
waiver cannot be claimed as a matter of right by the Borrower or any other parties.
28. Interest rate and processing fees confirmed at the time of applying will be applicable. The interest is
calculated using the reducing balance method
29. Tenure confirmed at the time of applying cannot be changed
30. Processing fees will not be reversed under any circumstances
31. The loan amount should not be re-invested in Fixed Deposit, Recurring Deposit, stock markets,
mutual funds or any speculative purpose or towards Foreign remittances.
32. Only 2 Insta Jumbo Loans can be availed at any point of time as per current eligibility
33. If your HDFC Bank Credit Card get closed before all the instalments have been charged, the loan
outstanding will get debited to your card account
34. In case of default in payment of EMI on the due date, your loan account services shall be suspended
along with the related credit card and could further be terminated from further usage. Notwithstanding
anything stated above, the continuation of the loan shall be at the sole discretion of the bank and
outstanding will be payable to the bank on demand.
35. HDFC Bank reserves the right at any time, without previous notice, to add, alter, modify, change or
vary all or any of these terms and conditions or to replace wholly or in part this scheme by another offer,
whether similar to the offer or not, or to withdraw it all together. You will not hold HDFC Bank responsible
for, or liable for, any actions, claims, demands, losses, damages, costs, charges, expenses, which a
participant may suffer, sustain or incur by the Offer. All disputes, if any, arising out of or in connection
with or as a result of the Offer or otherwise relating hereto shall be subject to the exclusive jurisdiction of
the competent Courts/Tribunals in Chennai only.
36. The terms and conditions contained in the Card Member Agreement apply over and above the terms
and conditions for this Loan. In case you do not agree to any of the details above, or require any further
assistance, please contact Phone Banking/customer care service or your Relationship Manager

Enclosed herewith, please find a copy of the Amortization schedule along with Terms
&Conditions consented to, for Loan Number 0000000000101359735 for loan Amount 210000.00.
You can also view the amortization schedule by logging into NetBanking >Cards> Credit cards
>Enquire >Loan Details/ Netbanking> Credit Cards> Linked Loans.

HDFC Bank Cards Division,

8, Lattice Bridge Road, Thiruvanmiyur, Chennai 600041.

Inst EMI Outstandi Principa Interest (in Instalmen Inst EMI Outstandi Principa Interest (in Instalmen
alm Rupees) alm Rupees)
ent billing ng l (in t (in ent billing ng l (in t (in
No. date Principal Rupees) Rupees) No. date Principal Rupees) Rupees)
(in (in
Rupees) Rupees)
1 19-01- 202260.63 7739.37 2425.50 10164.87 13 19-01- 102799.08 8772.86 1171.51 9944.37
2024 2025
2 19-02- 194440.00 7820.63 2123.74 9944.37 14 19-02- 93934.10 8864.98 1079.39 9944.37
2024 2025
3 19-03- 186537.25 7902.75 2041.62 9944.37 15 19-03- 84976.04 8958.06 986.31 9944.37
2024 2025
4 19-04- 178551.52 7985.73 1958.64 9944.37 16 19-04- 75923.92 9052.12 892.25 9944.37
2024 2025
5 19-05- 170481.94 8069.58 1874.79 9944.37 17 19-05- 66776.75 9147.17 797.20 9944.37
2024 2025
6 19-06- 162327.63 8154.31 1790.06 9944.37 18 19-06- 57533.54 9243.21 701.16 9944.37
2024 2025
7 19-07- 154087.70 8239.93 1704.44 9944.37 19 19-07- 48193.27 9340.27 604.10 9944.37
2024 2025
8 19-08- 145761.25 8326.45 1617.92 9944.37 20 19-08- 38754.93 9438.34 506.03 9944.37
2024 2025
9 19-09- 137347.37 8413.88 1530.49 9944.37 21 19-09- 29217.49 9537.44 406.93 9944.37
2024 2025
10 19-10- 128845.15 8502.22 1442.15 9944.37 22 19-10- 19579.90 9637.59 306.78 9944.37
2024 2025
11 19-11- 120253.65 8591.50 1352.87 9944.37 23 19-11- 9841.12 9738.78 205.59 9944.37
2024 2025
12 19-12- 111571.94 8681.71 1262.66 9944.37 24 19-12- 0.00 9841.12 103.33 9944.45
2024 2025

This is a computer generated letter and does not require a signature.