DISBURSEMENT LETTER

1
DISBURSEMENT LETTER

2
DISBURSEMENT LETTER

3
DISBURSEMENT LETTER

4
DISBURSEMENT LETTER

5
 ACKNOWLEDGEMENT SLIP/DECLARATION
The Borrower(s) hereby certifies, acknowledges, confirms and declares that he/she/they have duly
received copies of the Sanction Letter, MITC, GTC and he/she/they have been explained the contents
thereof in the language which he/she/they fully understand and he/she/they have understood the meaning
of all the provisions/contents of the said documents and all the other related documents including the
Disbursement Letter forming part of the Loan Documents and hereby accepts the terms and conditions
contained therein.
Accepted, Signed and Delivered by the Borrower(s)
1) Borrower-1
Name :________________________________ Signature : ____________________________________
Legal Status:
(Individual/Body Corporate/Sole Proprietorship/Partnership/HUF/Trust)

2) Borrower-2
Name :________________________________ Signature : ____________________________________
Legal Status:
(Individual/Body Corporate/Sole Proprietorship/Partnership/HUF/Trust)

3) Borrower-3
Name :________________________________ Signature : ____________________________________
Legal Status:
(Individual/Body Corporate/Sole Proprietorship/Partnership/HUF/Trust)

4) Borrower-4
Name :________________________________ Signature : ____________________________________
Legal Status:
(Individual/Body Corporate/Sole Proprietorship/Partnership/HUF/Trust)

5) Borrower-5
Name :________________________________ Signature : ____________________________________
Legal Status:
(Individual/Body Corporate/Sole Proprietorship/Partnership/HUF/Trust)

[Please affix rubber stamp, if applicable]

Common-seal clause (if applicable)

THE COMMON SEAL of the____________________________________Ltd., above mentioned Borrower

has been hereunto affixed pursuant to the Resolution of its Board of Directors passed in that behalf

on the _____________ day of ________ 20______ in the presence of________________________

______, ________________________

6
DEMAND PROMISSORY NOTE

7
LETTER OF CONTINUITY

8
 POWER OF ATTORNEY
THIS POWER OF ATTORNEY is executed on the date and place as mentioned in Schedule II

By

“Executant” means one or more individual(s), a sole proprietary firm, Hindu undivided family, a partnership
firm, a limited company, limited liability partnership, trust, society etc. whose name(s) and Address(s) is/
are stated in the Schedule I executing this Power of Attorney as the Executant.

In favour of PNB Housing Finance Limited, a company incorporated under the provisions of the Companies
Act, 1956 and having its registered office at 9th Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New
Delhi - 110001 (hereinafter referred as “PNBHFL”).

The term Executant shall, unless repugnant to the context hereof, include his/her/their heirs, successors,
administrators and permitted assigns.

All capitalized terms used but not defined herein, shall have the same meaning as assigned to them in the
General Terms & Conditions (“GTC”)*.

All the provisions pertaining to interpretation mentioned in Clause 1.2 of the GTC shall mutatis mutandis
be applicable to this Power of Attorney.

WHEREAS:

A. The Borrower(s) has accepted and agrees to abide by the terms and conditions as set out in the
Loan Documents and in particular the GTC, Sanction Letter as mentioned in the Schedule II and
Disbursement Letter as mentioned in the Schedule II with PNBHFL which also maintains a branch
office at the address as mentioned in the Schedule II, for obtaining a loan of amount as mentioned
in the Schedule II for the purchase of/construction of/development of and/or against Property,
more specifically described in the said Loan Documents and briefly described for reference in the
Schedule III annexed hereto (hereinafter referred to as the “Property”).

B. In terms of the aforesaid Loan Documents, the Executant has agreed and undertaken inter alia, to
create/execute mortgage of the said Property in a form acceptable to PNBHFL as Security for the
Loan.

C. Further, in terms of the aforesaid Loan Documents and in consideration of the Loan being granted
to the Borrower(s), the Executant hereby agrees and undertakes inter alia, to execute an irrevocable
power of attorney in favour of PNBHFL, to carry out all formalities/procedures/necessities in order
to fulfill the obligations of the Borrower(s) with regard to the creation of the aforesaid Security
and the matters connected therewith.

NOW KNOW YE ALL AND THESE PRESENTS WITNESS that I/We, the Executant, do hereby irrevocably
nominate, constitute and appoint, from the date hereof, PNBHFL, acting through any of its officers,
employees or agents, (hereinafter called the “Attorney”) to be my/our true and lawful attorney for me/
us in my/our name and on my/our behalf and at my/our cost and risk, to do, execute and perform, at its
sole discretion, all or any of the following instruments, acts, deeds, matters and things, in relation to the
aforesaid Loan Documents, that is to say:

1. To receive payments of Disbursements from PNBHFL of the Loan Amount or any part thereof that
has been/may be sanctioned to the Borrower(s) pursuant to the Loan Documents, on behalf of
the Borrower(s), and in terms of the policies and rules of PNBHFL applicable to the grant of such
Loan.

_________________________
X Signature of the Executant
(Property Owners)

9
2. To take all such actions and/or steps as may be considered necessary or desirable by PNBHFL for
the completion of the purchase of the Property by me/us.

3. To sign, execute such deeds, agreements, instruments, documents, undertakings, bonds, transfer
forms, applications, indentures, receipts etc. or any other application, paper or letter by which all
the rights, title and interest in the said Property is sold/transferred/conveyed/leased/sub-leased
by the seller of such Property, in favour of and in my/our name.

4. To take possession of and appear in person and to represent me/us and on my/our behalf, before
any Person, authority, forum, office, regulator, commission, association, society, sub-registrar
office, office of the sub-registrar of assurances, land records office, revenue department office,
or any other Government Authority etc. and in particular and without prejudice to the generality
of the foregoing, if necessary to sign sale deeds and other connected documents, in respect of
the sale, transfer, conveyance, lease, sub-lease etc. of the aforesaid Property, and to present and
lodge for registration and admit the execution of all indentures, deeds and conveyances and other
assurances and admit the receipts of consideration, and to do all other acts, deeds and things in
relation thereto which may be necessary to complete the sale, transfer, conveyance, lease and/or
sub-lease of the said Property.
5. To appear before the registrar or sub-registrar of assurances or any other office(s) or any
appropriate authority(s) for adjudication and/or, to present and lodge for stamping of all deeds,
conveyances and other assurances indentures in respect of the sale, transfer, conveyance, lease,
sub-lease etc. of the aforesaid Property.

6. To represent me/us in any court, forum or before any authority, including Income-tax Departments
for any consent, permission, intimation, etc., and to sign, execute, file, present, deliver and/or
receive all claims proceedings, applications, affidavits, returns, documents, undertakings, no-
objection certificate/letter (NOC) etc. in relation to the aforesaid Property.

7. To receive and take delivery of all the necessary documents or copies thereof related to the title
of the Property from the seller upon completion of construction of the Property.

8. To receive and take delivery of the registered sale deeds, conveyance deeds, transfer deeds, lease
deeds and/or sub-lease deeds, and any other document of title of the Property from the seller and
after registration from the Registrar.

9. To deliver to, and deposit with, PNBHFL such deed(s) of the Property, and/or documents of title
executed in my/our favour and each and every other document of title to the said Property, with
intent to create Security on the Property comprised therein for the payment of the Outstanding
Amount and other charges and for the due fulfillment of my/our obligations under the said Loan
Documents.
10. To execute deed of mortgage of the Property purchased/to be purchased in any form acceptable
to PNBHFL at my/our cost and get the same registered.

11. To execute, sign and deliver all such acknowledgements or writings including but not limited to any
deed of hypothecation and/or undertaking, as may be required by PNBHFL, any debts, Receivables
etc. due from the seller to the Executant for the purpose of creation of the aforesaid Security.

12. To apply for permission of competent authority and/or Government Authority for creating
mortgage, to follow up the said application and file affidavit or to make statements for the said
purpose and also to file any other application for obtaining certificates, permission no-objection,
no-dues certificate, and authorizations from any competent authority and/or Government Authority
required for the creation of the Security.

13. To receive from the seller all debts due or which may become due to the Executant in the event
of withdrawal by the Executant from the housing scheme, cancellation of flat/house on account
of any default on the part of Borrower(s) or in case one or more of the Borrower(s) dies or for any
reason whatsoever the sale transaction does not go through and to give receipt thereof to the seller.

_________________________
X Signature of the Executant
(Property Owners)

10
14. To file suit or institute any proceedings, if required, in any forum, court, tribunal, authority etc.,
against the seller for recovery of any amount/interest/money/debts due or which may become
due from the seller to the Executant.

15. To get the Property mutated in the name of PNBHFL on the occurrence of Event of Default under
the GTC including executing appropriate documents with the relevant authority and/or appear
before the sub-registrar of assurances or any other competent authority.

16. To appoint or engage any broker or agent, in accordance with PNBHFL policies, for affecting any
aforesaid activities in relation to the Property.

17. To do all such acts, deeds and things as may be necessary for due and effectual execution of the
power hereby conferred by me/us on PNBHFL, my/our said Attorney.

18. AND I/We do hereby agree and undertake to ratify and confirm whatever my/our Attorney may
lawfully do or cause to be done by virtue of these presents.

19. This Power of Attorney shall be governed by the laws of India and all legal actions and proceedings
relating thereto shall be subject to the exclusive jurisdiction of the courts in Delhi or any other
competent court having jurisdiction which shall be decided by PNBHFL at its sole discretion. This
shall not however limit the rights of PNBHFL to take proceedings in any other court of competent
jurisdiction.

20. AND I/We hereby further grant unto PNBHFL the full power and authority to substitute and appoint
in its place on such terms as it shall think fit one or more attorney(s) to exercise for PNBHFL as
its attorney any or all of powers and authorities hereby conferred in respect of the subject matter
hereof, to revoke any such appointments and to substitute or appoint any other or others in place
of such substituted attorney/s as PNBHFL shall from time to time think fit.

21. AND I/We do hereby declare that all and every agreement, receipt, document, deed, matter and
thing, which shall be executed by PNBHFL or any of its attorney or any of its officer(s) nominated
as aforesaid in that behalf, or made, executed or done for the aforesaid purpose by virtue of these
presents, shall be as good, valid and effectual to all intents and purposes whatsoever as if the
same had been made executed or done by me/us in my/our own name and person.

22. AND I/We do hereby ratify and confirm and agree to ratify and confirm all that PNBHFL or any of
its attorneys or any of its officer(s) nominated as aforesaid in that behalf, shall do or cause to be
done in or concerning the subject matter hereof by virtue of these presents.

23. AND I/We do hereby declare that the Power of Attorney herein is coupled with interest in
consideration of the receipt of the sanction/Disbursement of the Loan Amount, and has been
given for other sufficient and adequate considerations, and that this Power of Attorney shall be
irrevocable till all the Outstanding Amount has been paid in full by the Borrower(s). PNBHFL shall
be entitled to exercise all or any of the powers hereby conferred at any time and to do this intent
it shall not be determined by the death, insolvency, bankruptcy, insanity of any or all of us.

*General Terms & Conditions (“GTC”) are registered with the office of Sub-Registrar VII at Delhi/New Delhi,
on December 09, 2016 having Registration Number 979 in Book no 4, Vol. No. 1614 on Page Number 57 to 103
and also at the office of Sub-Registrar at Karnal, Haryana on December 04, 2014 as Document Number 9326
under Book I, Vol. No. 534 at Page Number 82.

IN WITNESS WHEREOF the Executant has hereunto set and subscribed his/her/their respective hands
unto this Power of Attorney on the day and year and at the place mentioned hereinabove.

_________________________
X Signature of the Executant
(Property Owners)
By the within named Mr./Ms./M/s. in the presence of witnesses as mentioned in Schedule II

11
12
13
14
15
 DISBURSEMENT REQUEST FORM

To: PNB Housing Finance Limited

Name of the Applicant(s): ____________________________________________________________________________
__________________________________________________________________________________________________
Loan Account Number: _______________________________________________________________________________
Amount to be disbursed (in figures): ____________________________________________________________________
Amount to be disbursed (in words): _____________________________________________________________________
___________________________________________________________________________________________________
Intended Date for Disbursement (DD/MM/YYY): __________________________________________________________
Details of Disbursement Mode
S Cheque/ In favour of (Payee) Payable at Bank Savings/ Amount (INR)
N Demand Current A/c No.
Dra /
RTGS
1

Total
Declara on:The Applicant and the Co-applicants declare that the aforesaid disbursement is being made strictly on their insstruc onand at their
instance in favour of the payee. They have exercised due care and cau onand conducted the requisite due diligence in relaa oto the e tof the
property selected / purchased and / or mortgaged. They represent that all the requisite compliances and approvals have been obtained. PNB Housing
does not directly or indirectly recommends or takes responsibility for the tle of the poperty, the stage/ progress of consstruc on, dey in delivery or
abandonment of the project in which the property is being purchased. The Applicants and the Co-applicants shall hold harmless and indemnify PNB
Housing against any loss, damage, cost and claims caused to it as a result of ac ng on this declara on.

Date: _________________________________ Place: _________________________________

Details Name Signature
st
1 Applicant
Co-applicant No.1
Co-applicant No.2
Co-applicant No.3
Informa on o Borrowers:
1) Disbursement Cheque/ DD for Disbursement is to be collected on the day of intended disbursement date.
2) Interest on Loan will commence from the date of handover of the Disbursement Cheque or on the date of Electronic Fund
Transfer / RTGS / Bankers Cheque (as the case may be).
3) A Copy of Disbursement Request Form is handed over to the Borrower(s).
------------------------------ (For Office Use Only - Please t tear off this por o fore handing over the Customer Copy) ------------------------
Sourcing Details
DMA Name: __________________________________ DMA Code: _________________________________
DST/RO Name: ________________________________ __ DST Employee ID: ____________________________
Connector Name: _______________________________ Connector Code: _____________________________
Sales Manager Name: ___________________________ Sales Manager Employee ID____________________
Team Leader Name: ____________________________ Team Leader’s Vendor ID: _____________________
In case of Direct Walk-in, Name of Branch Staff: _____________________________________________________________________
Intended Date for Disbursement: _________________________________________________________________________________
PNBHFL/CSO/DRF/Version 3.0.0

16
 Office Copy

Cheque Submission Form

To

PNB Housing Finance Ltd.,

Sub: Submission of EMI PDCs/PEMII PDCs

S.N Cheque Number Dated A/C Type Bank & Amount Purpose
(Savings / Branch (EMI/PEMII)
Current)
From To From To

Thanking You

Yours faithfully,

Name Signature

1. ____________________________ ___________________________

2. ____________________________ ___________________________

3. ____________________________ ___________________________

4. ____________________________ ___________________________

17
&
&

Customer Copy

Cheque Submission Form

To
&

PNB Housing Finance Ltd.,

Sub: Submission of EMI PDCs/PEMII PDCs

&

S.N Cheque Number Dated A/C Type Bank & Amount Purpose
(Savings / Branch (EMI/PEMII)
Current)
From To From To
&
&
&
&

Thanking You
&

Yours faithfully,

Name Signature

1. ____________________________ ___________________________
&

2. ____________________________ ___________________________

3. ____________________________ ___________________________
&

4. ____________________________ ___________________________

18
&
 RECEIPT

Received from PNB Housing Finance Limited the sum of Rs. _______________________________ /-

(Rupees ______________________________________________________________________________Only)

vide cheque/ draft/pay order no. _____________________________ dated ___________________________

favouring ___________________________________________________________ drawn on _____________

_______________________ being __________________________________________________________

instalment/ lump sum payment of the Loan for purchase of property/ construction of property and/or

loan against property for total Loan Amount of Rs. _________________________/- (Rupees _____________

___________________________________________________________only) sanctioned by PNB Housing

Finance Limited, Branch Office ________________________________________________________________

in favour of _______________________________________ as per terms of the Loan Documents.

Revenue
Stamp Duly
Signed by
Borrower(s)
across it

X Signature of the Borrower(s)/designated representative with name and stamp, in case of other than
individual borrower

Dated :______________________

Place :______________________

19