STATE BANK OF INDIA

SBI AUTO LOAN

IN-PRINCIPLE OFFER LETTER

Application Number: RAASAL20244007739936

Date: 30-04-2024

To, SIDDHARTHA DEY

We are pleased to advise that on the basis of documents submitted by you and the information furnished by you
vide application dated 30- 04- 2024, we are in- principle agreeable to sanction Auto Loan up to maximum amount
of Rs.7,90,000.00 , subject to fulfilment of eligibility norms and other terms and conditions governing SBI Auto
Loans.

Product(Product Name) Auto Loan

Maximum Eligible Loan Amount Rs.7,90,000.00

Interest rate(Fixed) 9.10 % p.a.

Loan Tenure 84 months

EMI Rs.12,751.00

Consolidated Processing Fee + (GST) Rs.1,475.00

1) Branch Head:
SOMNATH KAR
9674712261
SOMNATH.KAR@SBI.CO.IN
In case of difficulty please be in touch with

2)Soumyajit Bhaumik
SOUMYAJIT.BHAUMIK@SBI.CO.IN
9051548326

Special Conditions:
1)Final eligible loan amount will be arrived after submission of complete sets of required documents and detailed
assessment.
2)The interest rate and Consolidated Processing Fee quoted are subject to change after detailed assessment of
loan as per eligibility and other norms.

MOST IMPORTANT TERMS AND CONDITIONS

1. SBI Car Loan
2. SBI Loyalty Car Loan
3. SBI NRI Car Loan
4. SBI Assured Car Loan
5. SBI Certified Pre-approved Car Loan
6. SBI Two-Wheeler Loan
7. SBI Super Bike loan
Purpose for which Car loan can be availed:

The loan will be sanctioned for the purpose purchase of new Cars/used cars, Multi Utility Vehicles (MUVs) and
Semi Utility Vehicles (SUVs).

Loan tenure:

Maximum 84 months (Fixed Interest Rate).

Loan to Value Ratio (LTV):
Maximum LTV ratio is 85% of ‘on road price’ of the car(Maximum Loan amount is 100%of ‘ex-showroom price).

1. Rate of Interest:

SBI Car Loan (Fixed Interest Rate)

Interest on the loan will be charged at the prevailing fixed rate of interest on daily reducing balance at monthly
rests. SBI may at its discretion stipulate the periodicity of computation of interest.

Interest Rates will be charged according to the CIC score of the customers at the time of sanction of Loan.

Calculation of Interest: -

Interest on the amount of the will be applied at the prevailing rate per annum on daily reducing balance with
monthly rests.

Penal interest: -

(a) For Loans above Rs.25000/- , if the irregularity exceeds EMI or Installment amount, for a period of one month,
then penal interest would be charged @2% p.m. (over and above the applicable interest rate) on the overdue
amount for the period of default.

Bounced cheque Charges:

A penalty of Rs 500/- + GST will be charged for every bounced cheque. The rate may vary from time to time.

Repayment:

The repayment date to be fixed in succeeding month to coincide with the date on which borrower’s major income
flow happens.

Wherever NACH is available, the Bank may use the service for paperless debit of installments.

Pre-Payment penalty: - Nil

Security:

a) Borrower undertakes to get hypothecation to the Bank marked in Registration book of the vehicle immediately
after purchase of the vehicle.

b) Bank will verify the original RC book for noting down the charges in favor of the Bank on submission by the
customer within 120 days of disbursement of loan from Vahan.nic.in.

c) In the event of delay in submission of RC Book by the customer at the Bank after registration / noting the
hypothecation lien of the Bank with the Registering Authority within 120 days from the date of disbursement, the
Bank shall be entitled to charge Rs.2500/- + GST per month till the time of such registration/noting with the
authority.

Insurance:

a. The vehicle purchased is to be kept comprehensively insured for the market value or at least 10% above the
loan amount outstanding, whichever is higher, and the Bank’s interest as a financer should be noted in the
Certificate of insurance and Insurance policy. The borrower must ensure that renewal of insurance is done on the
due dates and ensure a copy reaches the Bank for its record.

b. The Borrower shall always be responsible to ensure that the insurance policy in respect of the hypothecated
assets remain valid till all the dues of the bank are repaid and to keep such insurance policy renewed each year.

The Bank shall not be liable for any consequences arising from non- renewal of insurance in any year, even if the
Bank has in any previous year renewed the insurance of the hypothecated assets by debiting the borrower’s
account for failure of the Borrower to renew such insurance policy.

Inspection:

For Standard Asset accounts periodical inspections are waived after the initial inspection. However, if there is a
default of 1 monthly installment, inspection would be required.

The inspection charges are to be recovered every time an inspection is carried out as per the laid down
instructions. The inspection fee of Rs. 350/- + GST will be recovered by the inspecting branch by raising a debit on
the financing branch and credit it to its commission a/c.

2. Fees and charges:

a. Processing fee:

For Car Loan on Fixed Rate of Interest: When loans are sanctioned: @0.25% of the loan amount subject to
minimum Rs. 1000/- +GST and Maximum of Rs. 7500/-+GST
minimum Rs. 1000/- +GST and Maximum of Rs. 7500/-+GST

b. Foreclosure Charges: -

Will be levied @ 2% + GST on theo- balance, in case foreclose within 2 years from the date of disbursement of
loan. (For Loan sanctioned after 25.08.2018). In the event of application of the Foreclosure charges by CBS in loan
cases sanctioned before 25.08.2018, branches to refund the same to the borrower.

3. Other Charges:

(a)All expenses like valuer’s fees, insurance premia, stamp duty, registration charges, registration charges for
CERSAI, hypothecation verification charges on VAHAN Site, SMS and Tele- calling charges and other incidental
expenses incurred in connection with the loan are to be borne by the borrower.

(b) Other charges under SBI Car Loan

(i) Vahan Search Charges: Rs 50 per instance+GST

(ii)Cheque /ECS swap charges Rs.400/- per instance + GST

(iii)Amortization schedule charges Rs.100/- per instance+GST.

(iv) Statement of account charges, monthly free, for duplicate Rs.112/- +GST

(v) Pre-payment statement charges Rs.100/- +GST

(vi)Duplicate NOC charges Rs.300/- instance+GST.

(vii) NOC for conversion from Petrol to LPG/CNG Rs. 400/- per instance +GST

(vii)Revalidation of NOC charges Rs.400/- per instance +GST

(viii)Loan re-scheduling charges Rs.500/- per instance+GST.

4. State Bank of India retains the right to alter any charges or fees from time to time or to introduce any new
charges or fees, as it may deem appropriate, with due intimation to customer.

5. Disbursement:

The loan will be disbursed only on the following conditions:

Loan Amount will be credited to the account of supplier/dealer by way of RTGS/NEFT facility or through CBS
system for accounts maintained with SBI.

All necessary statutory compliances are in place.

The Bank reserves the right to collect any tax if levied by the State/Central Government and/or other Authorities in
respect of this transaction.
6. KYC:

All loans will be sanctioned after completion of KYC verification.

7. CIBIL Disclosure:

The Borrower(s) hereby agree and give consent for disclosure by the Bank all or any (a) information and data
relating to the Borrower(s) (b) information or data relating to any credit facility availed or/to be availed by the
Borrower(s) and default, if any, committed by the Borrower(s) in discharge of his/their such obligation as the Bank
may deem appropriate and necessary, to disclose and furnish to Credit Information Bureau (India) Ltd. (CIBIL), and
any other agency authorized in this behalf by RBI

Disclosure:

State Bank of India is authorized to disclose from time to time any information relating to the loan to any credit
bureau (Existing or Future) approved by Government of India and Reserve Bank of India without any notice to the
borrower. State Bank of India is also authorized to make inquiries with the Credit Information Bureau of India
(CIBIL) and get the applicants Credit Information Report.

8. Default:

In case of default i.e. if the amount due is not paid by due date, the customer will be sent reminders from time to
time for payment of any outstanding on his loan account, by post, fax, telephone, email, SMS messaging and/or
through third parties appointed for collection purpose to remind, follow-up and collect dues.

9. TAT: The loan applications with complete information and required documents will be disposed within a period
of 2 days at urban Centers and 4 days at Rural Centers.

10. Customer Service: For any service-related issue, customer can get in touch with SBI by:

Calling Customer helpline numbers

Contact Customer Grievance cell at our Local Head Offices

Write to Grievance cell at our Local Head Offices

(Details on helpline numbers and Grievance cell available on www.sbi.co.in) In case a customer is not satisfied with
the handling of Grievance by the Local Head Office, a communication may be sent (enclosing the message sent
earlier to the Local Head Office) to the –

Deputy General manager (Customer Service), Customer Service Dept, State Bank of India, State Bank
Bhawan,4th floor, Madam Cama Road, Mumbai- 400021, Telephone Number. (022) 22029456,
22029451,22740432,22740431,22740433 Fax No. (022) 22742431.

e-mail address: dgm.customer@sbi.co.in

Annexure-A

Key Fact Statement

RLMS Application ID -

1 Name of the Borrower/s SIDDHARTHA DEY

2 Loan amount Rs. 7,90,000.00

3 Loan term 7 Years 0 months

4 Interest type Fixed

(a) NA
(​ a) Interest chargeable (In case of Floating Rate Loans) ​
5 (b) ROI 9.10 % p.a. {8.65 %(MCLR)+0.45 %
(b) Interest chargeable (In case of Fixed Rate Loans)
(Spread)-0 %(Concession)}

6 ​Date of reset of interest NA(Fixed Rate loan)

​ ank’s web- site: www.sbi.co.in entry

B in
7 Mode of communication of changes in interest rates
statement of loan account

8 Fee payable

a Processing Fee Rs. 1,475.00

Nil (Cost of insurance of the property has to

b During the term of the loan
be borne by the customer)

Will be levied @ 2% + GST on theo- balance,

in case foreclose within 2 years from the date
of disbursement of loan. (For Loan
sanctioned after 25.08.2018). In the event of
c On foreclosure
application of the Foreclosure charges by
CBS in loan cases sanctioned before
25.08.2018, branches to refund the same to
the borrower.

d On Pre-Payment Nil

25% of the Processing Fee will be retained if

the application is rejected after pre- sanction
survey subject to Minimum of Rs. 510/- and
e Fee refundable if loan is not sanctioned maximum of Rs. 2550/- . (Only when regular
processing fee of 0.50% plus applicable
Goods and Services Tax of loan amount
recovered)
 Conversion Charges for switching from floating to fixed
f NA
interest and vice-versa

i) If the EMI/Installment(s) is not credited in

the loan account of the borrower within 7
days from the date of ECS/SI/PDCs, Rs 500/
Penalty for delayed + Goods and Services Tax will be recovered.
g
payments ii) In case account becomes overdue, penal
interest rate at 2% per month on overdue
installment for overdue period will be
recovered.

9 EMI payable Rs. 12,751.00

Manufacturer : MARUTI
10 Details of security/ collateral obtained Asset Model : FRONX
Asset Variant : Delta 1.2L AGS

Date on which the annual outstanding balance

11 As on 31st March every Year.
statement will be issued

Acknowledged (Borrower) Authorized Signatory

Date: State Bank of India
Place: Branch/CPC: