REQUEST FOR DISBURSAL - Bajaj Finserv · 2020-03-08 · 7. Depositor further declared that the Mortgagor is not aware of any act, deed, matter or circumstances, which prevents the

REQUEST FOR DISBURSAL Date: Loan A/c No:

To, BAJAJ FINANCE LIMITED This has reference to sanction of my/our loan(Loan Against Property/Home Loan) from Bajaj Finance Limited. I/We request you to issue our loan disbursal cheque/ Demand Draft/ Payment instruction as per the details given below. (In Case of Home Loan I/We have given the demand raised on me by the developer/Seller to you. I/We am/are satisfied with the progress of work and hence I/we am/are requesting for the disbursement.)

1. Favouring __________________________________________________________________________ Bank Name __________________________________________________________________________ Account Number ___________________________________________________________________________ IFSC Code (for Electronic Payment) ___________________________________________________________ Amount __________________________________________________________________________

2. Favouring __________________________________________________________________________ Bank Name __________________________________________________________________________ Account Number __________________________________________________________________________ IFSC Code (for Electronic Payment) ___________________________________________________________ Amount __________________________________________________________________________


4. Favouring __________________________________________________________________________

Bank Name __________________________________________________________________________ Account Number __________________________________________________________________________ IFSC Code (for Electronic Payment) ___________________________________________________________ Amount __________________________________________________________________________

_____________________ ______________________ (Signature of Borrower) (Signature of Co-Borrower)

Name: Name:

______________________ ______________________ (Signature of Co-Borrower) (Signature of Co-Borrower)

Name: Name: Note: Any correction requires counter signature by Borrower and Co-borrowers. Company will not be responsible for any change in favouring details other than details filled in this form.






4. Favouring __________________________________________________________________________



Name: Name:








4. Favouring __________________________________________________________________________



Name: Name:



END-USE UNDERTAKING FROM THE CUSTOMER

To, Bajaj Finance Ltd

Off Pune-Ahmednagar Rd , SR No. 208 / 1B,

Viman Nagar, Pune – 411 014, Mah., INDIA

(Date)____________ Dear Sirs,

Sub: Application for Home Loan / Loan against Property

I, _______________________________________________ refer to the Application No. ________________

dated ________________ submitted by me to Bajaj Finance Limited ( BFL) acting for itself for availing of

Home Loan / Loan Against Property ( the Loan) from BFL

As stated in the said Application Form, the said Loan is for the purpose of ____________________________

(Business Expansion / Marriage / Home Purchase / Self Construction / Personal Use / Others)

I hereby represent, warrant and confirm that the aforesaid purpose is a valid purpose and is not speculative

or illegal in any manner.

I further agree, confirm and undertake that the purpose of use of funds under the Loan shall not be changed

in any manner during the tenor of the Loan; or that such change in purpose shall take place only with the prior

written permission of BFL

I agree that any breach or default in complying with all or any of the aforesaid undertaking(s) will constitute an

event of default under the Loan Agreement.

Signature of the Borrower(s):

1.

2.

3.

4.

(Requisite Franking to be done for Stamp Duty) MEMORANDUM OF DEPOSIT OF TITLE DEEDS FOR CREATION OF MORTGAGE

[Creation of Equitable Mortgage]

On the date as mentioned in the Schedule hereunder written, the person as mentioned in Serial No. B of the Schedule hereunder written (“Mortgagor’s Representative” or”Depositor”) in the capacity of Owner of the immovable property / Director / Authorised Signatory / Attorney / Partner of the Mortgagor as mentioned in Serial No. C of the Schedule attached hereto (“Mortgagor”) attended the office of Bajaj Finance Limited, a non banking finance company incorporated under the Companies Act, 1956 and having its registered office at _______________________________, (hereinafter referred to as the “Lender” or “Bajaj” which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include its successors and assigns) and met the person as mentioned in Serial No. D of the Schedule attached hereto of Bajaj (the “Officer”), with an intention to create an equitable mortgage over the properties more particularly described in the Schedule hereunder written to secure the repayment to Bajaj for the loan agreed to be granted or granted upto the extent of the amount as mentioned in Serial No. E of the Schedule hereunder written (“Loan”) together with interests thereon by Bajaj under the loan agreement as mentioned in the Schedule hereunder written (“Loan Agreement”) to the person as mentioned in Serial No. H of the Schedule attached hereto (“Borrower”). 1. The Depositor stated that Bajaj has granted / agreed to grant /lend certain credit facilities / limit to the

extent of the Loan at the request of the Borrower on the condition that the Mortgagor creates mortgage over the properties mentioned in the Schedule hereunder written. Depositor has accordingly deposited the documents of title, evidences, deeds and writings more particularly described in the Schedule hereunder written (hereinafter called the “Title Deeds”) with an intention to create mortgage by way of deposit of title deeds in favour of Bajaj to secure the Loan.

2. The Depositor while depositing the Title Deeds accorded and gave oral consent on behalf of the Mortgagor to the Officer to hold and retain the Title Deeds as and by way of equitable mortgage by deposit of title deeds on the Mortgagor’s immovable properties more particularly described in the Schedule hereunder written, together with all buildings and structures thereon and all plant and machinery attached to the earth or permanently fastened to anything attached to the earth, both present and future, (hereinafter the properties described in Schedule are referred to as the “Immovable Properties”) for the due repayment, discharge and redemption by the Mortgagor/Borrower to Bajaj for the Loan sanctioned by Bajaj to the Borrower together with all interest, liquidated damages, costs, charges, expenses, guarantee commission and other monies, payable under the Loan Agreement / letter of sanction / memorandum of terms and conditions.

3. Depositor also stated that he was authorized to deposit the Title Deeds/ give oral consent pursuant to the Board Resolution / Authority Letter / Power of Attorney passed/issued/executed by the Mortgagor, and the Borrower has furnished the certified true copy of the said Board Resolution / Authority Letter / Power of Attorney to the Officer with intent to create security on the Immovable Properties as aforesaid and further stated that the Board Resolution / Authority Letter / Power of Attorney is in full force and effect and is valid and binding on the Mortgagor.

4. Whilst depositing the said Title Deeds/giving such oral consent, the Depositor, on behalf of the

Mortgagor, stated that he/she has deposited the Title Deeds on behalf of the Mortgagor in his /her capacity as Owner of the Immovable Properties / Director / Partner / Attorney / Authorized Signatory of the Mortgagor for the Loan with intent to create the Security on the Immovable Properties as aforesaid to secure the Loan.

5. Depositor has further stated that aforesaid deposit was made/ oral consent was given with the intent to

create the mortgage over the Immovable Properties mentioned in the Schedule in favour of Bajaj to secure the liability that may arise out of the Loan granted to the Borrower under the Loan Agreement together with interest, costs, charges and expenses and all the monies that may become payable by the Borrower under or in respect of the Loan. Depositor has further stated that as long as any amount is outstanding under the Loan / Loan Agreement, the Mortgagor shall not create any further charge on the Immovable Properties and that the Immovable Properties shall be a continuing security whether the balance in the Loan at any point of time is extinguished or becomes nil or comes to credit.

6. Depositor also acknowledged that the maximum amount intended to be secured by the said mortgage

created as aforesaid was for the purpose of Section 79 of the Transfer of Property Act, 1882 and for no other purpose and without prejudice to the Mortgagor’s full liability to Bajaj, under the said mortgage fixed at the amount payable by the Borrower under the Loan Agreement together with interest thereon and all costs and charges.

7. Depositor further declared that the Mortgagor is not aware of any act, deed, matter or circumstances, which prevents the Mortgagor from charging or creating mortgage over the Immovable Properties in favour of Bajaj.

8. Depositor further stated and assured the Officer (acting on behalf of Bajaj) that the documents of title

now deposited with Bajaj were the only documents of title in possession of the Mortgagor in respect of the above referred Immovable Properties of the Mortgagor and further assured that the Mortgagor is the absolute owner of the above referred to Immovable Properties and that the Mortgagor has clear and marketable title thereto and that save and except the charge created in favour of Bajaj under these presents, there is no mortgage, charge, lien or other encumbrance or attachment on the above referred Immovable Properties or any part or parts thereof in favour of any Government or the Income-tax Department, or any other Government Department, or any person, firm or company, body corporate or society or entity whatsoever and that the Mortgagor has not entered into any agreement for sale, transfer or alienation thereof or any part or parts thereof and that no such mortgage, charge or lien or other encumbrance whatsoever will be created nor will any attachment be allowed to be levied on the Immovable Properties or any part or parts thereof in favour of or on behalf of any Government or Government Department or any person, firm, company, body corporate, trust, society or entity whatsoever except with the prior permission of Bajaj so long as the Borrower continues to be indebted to or liable to Bajaj on any account in any manner whatsoever and that no proceedings for recovery of taxes are pending against the Mortgagor under the Income-tax Act or any other law in force for the time being and that no notice has been issued and/or served on the Mortgagor under Rules 2, 16 and 51 or any other Rules of the Second Schedule to the Income-tax Act, 1961, or under any other law

9. Depositor further declared that the Mortgagor has / have been paying all rents, royalties including

provident fund, gratuity fund, employees Provident fund dues, income tax, sales tax, Corporation taxes and other taxes and revenues payable to the respective Government and Authorities or to any Local Authority and at present there are no arrears, taxes, rents, royalties, revenues and there are no attachments, warrants, written notices that have been served on any of the Mortgagor in respect of such tax, that will have a bearing on the attachments and / or sale or mortgage of the Immovable Properties.

SCHEDULE

SR.

NO.

Particulars Details

A Date

B Mortgagor’s Representative / Depositor

C Description of the Mortgagor: 1. Name Address Constitution

D Officer Mr. __________ and Mr. _________________

of Bajaj Finance Limited.

E Loan Rs. ______________ /- (Rupees

_______________________________ only)

F Loan Agreement dated _____________ entered into between the Borrower and Bajaj.

Description Of The Immovable Properties / Property

Title Deeds Deposited

1.

2.

3.

G

4.

H Description of the Borrower:

1. Name Co-Borrower

Address

Constitution

2. Name Co-Borrower 1

Address

Constitution


Address

Constitution


Address

Constitution


Address

Constitution

________________________

Signature of Bajaj Officer/s

Date:

Place:

Dual Sign Affidavit [Should be on stamp paper of the requisite value and duly notarized from the Notary (public).]

I____________________________________________________________Son / daughter / wife of

______________________________________________ residing at _____________________

_________________________________________________________________________________

I declare that both the below signatures are my own as in the box

under._____________________________

I request you to taken this document as my signature proof.

I declare that whatever I have stated here in above is true and correct to the best of my

knowledge and belief.

Solemnly affirmed at ________________, on this ______________ day of ______________, 20

DECLARATION FOR SIGNING IN VERNACULAR LANGUAGE

[Should be on stamp paper of the requisite value and duly notarized from the Notary (public).]

I, son/daughter/wife of adult and

inhabitant of residing at do hereby

state and declare as solemn affirmation as under:

I have been read out and explained in the language known to me, the contents of the loan documents and all

o t h e r d o c u m e n t s i n c i d e n t a l t o a v a i l i n g t h e l o a n f r o m B a j a j F i n a n c e L t d . b y

Me / by Mr./Ms. , and I have signed the said documents after having

understood them and by signing the same I do hereby agree to abide by all the terms and conditions of the

loan and the clauses of the same.

I declare that whatever I have stated hereinabove is true and correct to the best of my knowledge and belief.

Solemnly affirmed at on this day of 20 .

Signed

List of Borrowers

1.

2.

3.

4.

Board Resolution

(To be taken on company’s letterhead) Certified True Copy of the resolution passed by the Board of Directors of _______________________

Limited at their meeting held on ___________________(Date) at _________________ in which proper

quorum was present and the said resolution has not been subsequently rescinded or modified.

Resolved that the Company _________________________________ Limited do apply and avail a (Loan

Against Property/Home Loan) _________________________________ of Rs.__________ from Bajaj

Finance Ltd. for the purpose of ______________________________________________.

RESOLVED FURTHER THAT Mr. _____________ , Mr. _______________ and Mr. ______________,

Directors of the Company be and are hereby authorized jointly / severally to negotiate, discuss, settle,

finalise and accept the terms and conditions of the said loan facility from Bajaj Finance Limited and to take

such further action as may be necessary in this behalf.

FURTHER RESOLVED THAT the applications / documents / agreements in connection with the said loan as

stipulated by Bajaj Finance Limited, be and are hereby authorised to be signed / executed on behalf of the

Company by any one of / jointly by Mr. _____________ , Mr. _______________ and Mr. ______________

Directors of the Company, provided that if any such documents / agreements are to be signed under the

Common Seal of the Company, the same be affixed as per the provisions of the Articles of Association of the

Company.”

CERTIFIED TO BE TRUE

For -------------------------- Limited

(Director / Company Secretary) Specimen Signatures of Authorised Signatories

Name Designation Signature Company’s Stamp 01. 02. 03. 04.

Partnership Authority Letter

(To be taken on letterhead of the partnership firm) Date: Bajaj Finance Limited Off Pune-Ahmednagar Rd , SR No. 208 / 1B,

Viman Nagar, Pune – 411 014, Mah., INDIA

Dear Sir,

We, the partners of M/s._________having our office at ___________________________ declare that we

are aware that our Firm M/s___________________ / partner Mr / Mrs / Ms ______________________ is

desirous of taking a (Loan Against Property/Home Loan) _________________________________of

Rs._____________ for the purpose of _______________________________________________________.

We have no objection to the fact that the Firm M/s_____________________________ / partner Mr/Mrs./Ms.

________________________ will be repaying the loan by Post Dated Cheques/ECS issued from the

partnership bank account with _______________________________(bank) ______________________

(branch), current / savings account No. _____________________. We do hereby authorize our partner/s

Mr./Mrs./Ms___________________________ and Mr./Mrs./Ms___________________________ jointly /

severally (whose specimen signature/s is/are set out further below herein) to execute all necessary

documents in connection with the said loan and issue ___ (Nos.) Post Dated Cheques/ECS from the

aforementioned account for equated monthly installment of Rs. _____/-.

We have read and understood all the terms and conditions of your financing scheme as stated in the Loan

documents and the same are known and acceptable to us and all acts done and any documents executed by

any of the authorised partner/s in connection with obtaining the said loan facility shall be binding on the firm

and each of the partners as if done / executed by us. In the event of dissolution of our firm, we shall be jointly

and severally liable.

We further confirm to Bajaj Finance Limited that we are the only partners of the firm and the firm is duly

registered under the Indian Partnership Act, 1932. We shall advice Bajaj Finance Limited in writing of any

changes, which may take place in the partnership.

Specimen Signature(s) of the aforesaid authorised partner/s of the firm :

Signature of Mr./Mrs./Ms : ___________________________

Signature of Mr./Mrs./Ms : ___________________________

Thanking you,

Yours faithfully,

For _______________________

(to be signed by all the partners)

Name of Partner Signature 1. 1. 2. 2. 3. 3..

No Objection Certification from Builder

(For LAP - To be taken on Builder Letterhead) Date: Place: To, Bajaj Finance Limited,

Dear Sirs,

Re: Permission to mortgage flat no __________ on the ________ floor of the building proposed to be named

as / named as __________________________situated at _______________________________________

1. This is to confirm that we have allotted / sold flat no. ______ admeasuring _________ sq. ft (carpet/built

up area) on the __________ floor of the building proposed to be named as / known as ______________

situated at ___________________________________________________________ Under construction

/ constructed by us to Mr. / Mrs. /Ms. _________________ ____________________________for a total

consideration of Rs. _________ (Rupees __________________________________________ Only)

under on Agreement for Sale / Sale Deed dated ___________.

2. We confirm that we have obtained necessary permission / approvals/ sanctions for construction of the

said building from all concerned competent authorities and the construction of the building as well as of

the flat are in accordance with the approved plans. We assure that the said flat as well as the said

building and the land appurtenant thereto is not subject to any encumbrance, change or liability of any

kind whatsoever and that the entire property is free and marketable. We have clear, legal and

marketable title to said property and every part thereof.

3. Mr. / Mrs. / Ms. __________________________________________________ has paid an amount of

Rs. ________________ (Rupees _____________________ only) and a sum of Rs. ____________

(Rupees _______________________ only) remains to be paid towards the cost of said flat.

4. Possession of the said flat will be given to Mr. / Mrs. / Ms. ____________________________________

on or about ________________________ on payment of the full consideration of the flat.

5. We are aware that the said Mr. / Mrs. / Ms. ___________________________ ____________________

has approached Bajaj Finance Limited for a loan purchasing/ acquiring the said flat and that Bajaj

Finance Limited has agreed to sanction / grant the loan to Mr. / Mrs. / Ms. ___________________

___________________ to purchase / acquire above flat and Mr. / Mrs. / Ms.

_______________________________________ has agreed to mortgage the said flat in your favor / in

favor of your security trustee as security for the said loan. We hereby confirm that we have no objection

to Mr./ Mrs. / Ms. ________________________________________________ mortgaging the said flat

to your Company in favor of your security trustee by the way of security for repayment of the said loan,

provided that We shall not be responsible ans / or liable for repayment of the said loan or any

part thereof.

AND notwithstanding anything to the contrary contained in the said Agreement for Sale, we hereby

agree to note the aforesaid change in our books in respect of the said flat and Mr. / Mrs. / Ms.

____________________ ____________________ will not be permitted to transfer, assign, sell off /

cancel or in any other way / manner deal with the said flat prejudicial to the interest of the aforesaid

mortgage without the prior written consent of the aforesaid mortgage.

6. We undertake to form a Co-Operative Society / Condominium under the Apartment ownership Act of the

premises / flat holders in the aforesaid building within the statutory period. And we agree to inform and

give proper notice to the Co-Operative Society / Condominium as and when formed, about and said

unit/flat being so mortgaged to your Company / the security trustee nominated by your Company.

7. We further agree that in case the agreement to sale for the flat/premises executed between ourselves

and Mr. / Mrs. /Ms.__________________ is terminated or otherwise the flat/premises transaction is

cancelled on account of non payment of own contribution or for any reason whatsoever, than your bank

shall have priority over the sum/sums of money advanced to Mr. / Mrs. /Ms. __________________and

paid to us and we hereby undertake to forthwith refund to you without demur such sum/sums of money

paid to us.

Yours Faithfully, For ____________________________________ (Builders Name)

Signatures.

NO OBJECTION LETTER FROM CO-OPERATIVE SOCIETY

[For LAP - To be taken on the Letterhead of the society]

To,

Bajaj Finance Limited,

Dear Sirs,

We, the ________________________ Co-operative Housing Society Ltd., advise as under :

(1) _________________________________ is a member of the Society holding ___________

shares of Rs.________________ each (bearing distinctive Nos. ___________ to

_____________________ ) in the Society and the said member is in occupation of Flat No.

_______ on the floor ____________ in the building known as ________________ situate at

_______________________________________(the “Property”).

(2) The said member has requested us to confirm to you that this society has no objection to the

creation of a pledge/mortgage of the said shares and the Property in your favour to secure

the due repayment of certain financial facilities extended by you together with payment of

interest, costs, charges and expenses and all other monies payable thereon.

(3) The Society confirms that;

(i) it has no objection to the said member creating a mortgage/charge on the Property.

(ii) it will take due notice of the creation of mortgage/charge.

(iii) in the event of the said member attempting to create a mortgage/charge on the

Property the society shall promptly advise you of any such attempt.

(iv) the Property is not presently subject to any mortgage/charge/pledge or other

encumbrances.

(4) We also confirm that upon receipt of intimation from the member/yourselves that a mortgage

has in fact been created in your favour the society shall duly record the fact in its books.

Yours faithfully,

Hon. Secretary.


[For LAP cases without share certificate - To be taken on the Letterhead of the society]

To, Bajaj Finance Limited, Dear Sirs, We, the ________________________ Co-operative Housing Society Ltd., advise as under :

(1) _________________________________________________ is a member of the Society

and the said member is in occupation of Flat No. _________ on the floor ____________ in

the building known as ________________ situate at ____________________________(the

“Property”). The share certificate yet to be issued, whenever it issued, it will be directly

forwarded to Bajaj Finance Ltd.

(2) The said member has requested us to confirm to you that this society has no objection to the

creation of a pledge/mortgage of the said shares and the Property in your favour to secure

the due repayment of certain financial facilities extended by you together with payment of

interest, costs, charges and expenses and all other monies payable thereon.

(3) The Society confirms that;

(i) it has no objection to the said member creating a mortgage/charge on the Property.

(ii) it will take due notice of the creation of mortgage/charge.

(iii) in the event of the said member attempting to create a mortgage/charge on the

Property the society shall promptly advise you of any such attempt.

(iv) the Property is not presently subject to any mortgage/charge/pledge or other

encumbrances.

(4) We also confirm that upon receipt of intimation from the member/yourselves that a mortgage

has in fact been created in your favour the society shall duly record the fact in its books.

Yours faithfully,

Hon. Secretary.

No Objection Certification from Builder

(For HOME LOAN RESALE - To be taken on Builder Letterhead)

Date:

Place:

To,

Bajaj Finance Limited,

Dear Sirs,

Re: Permission to mortgage flat no __________ on the ________ floor of the building proposed to be named

as / named as ____________________________situated at ______________________________________

1. This is to confirm that we have allotted / sold flat no. ______ admeasuring _________ sq. ft (carpet/built

up area) on the __________ floor of the building proposed to be named as / known as ______________

situated at __________________________________________________________ Under construction /

constructed by us to Mr. / Mrs. /Ms. _________________ _____________________________for a total

consideration of Rs. _________ (Rupees __________________________________________ Only)

under on Agreement for Sale / Sale Deed dated ___________.

2. We confirm that we have obtained necessary permission / approvals/ sanctions for construction of the

said building from all concerned competent authorities and the construction of the building as well as of

the flat are in accordance with the approved plans. We assure that the said flat as well as the said

building and the land appurtenant thereto is not subject to any encumbrance, change or liability of any

kind whatsoever and that the entire property is free and marketable. We have clear, legal and

marketable title to said property and every part thereof.

3. Mr. / Mrs. / Ms. _________________________________________ has paid an amount of Rs.

________________ (Rupees _____________________ only) and a sum of Rs. ____________ (Rupees

_______________________ only) remains to be paid towards the cost of said flat.

4. Possession of the said flat will be given to Mr. / Mrs. / Ms. ____________________________________

on or about ________________________ on payment of the full consideration of the flat.

5. We are aware that the said Mr. / Mrs. / Ms. ___________________________ ____________________

has agreed to sell the said flat and all his rights, interest and title therein to

Mr._______________________________________ (“the purchaser”) under an agreement dated

__________________ and that the said Mr.___________________________________ (“the

purchaser”) has approached Bajaj Finance Limited for a loan purchasing/ acquiring the said flat and that

Bajaj Finance Limited has agreed to sanction / grant the loan to Mr. / Mrs. / Ms. ___________________

___________________ to purchase / acquire above flat and Mr. / Mrs. / Ms.

_______________________________________ has agreed to mortgage the said flat in your favor / in

favor of your security trustee as security for the said loan. We hereby confirm that we have no objection

to Mr./ Mrs. / Ms. ________________________________________________ mortgaging the said flat

to your Company in favor of your security trustee by the way of security for repayment of the said loan.

We hereby confirm that we have no objection to the same and we shall transfer the said flat to the name

of purchaser, in our books, on completion of the sale formalities between the said seller and the said

purchaser.


agree to note the aforesaid change in our books in respect of the said flat and Mr. / Mrs. / Ms.

____________________ ____________________ will not be permitted to transfer, assign, sell off /


mortgage without the prior written consent of the aforesaid mortgage.

6. We undertake to form a Co-Operative Society / Condominium under the Apartment ownership Act of the

premises / flat holders in the aforesaid building within the statutory period. And we agree to inform and

give proper notice to the Co-Operative Society / Condominium as and when formed, about and said

unit/flat being so mortgaged to your Company / the security trustee nominated by your Company.

7. We further agree that in case the agreement to sale for the flat/premises executed between ourselves

and Mr. / Mrs. /Ms.__________________ is terminated or otherwise the flat/premises transaction is

cancelled on account of non payment of own contribution or for any reason whatsoever, than your bank

shall have priority over the sum/sums of money advanced to Mr. / Mrs. /Ms. __________________and

paid to us and we hereby undertake to forthwith refund to you without demur such sum/sums of money

paid to us.

Yours Faithfully,

For ____________________________________ (Builders Name)

Signatures.

No Objection Certificate from Builder

(For Home Loans - To be taken on Builder letter-head)

To,

Bajaj Finance Limited ( BFL),

Dear Sirs :

Re : Permission to mortgage flat no._________(Hereinafter referred to as the “said Flat”).on the ...... floor

of the building proposed to be named as / named as ______________________________________

situated at ____________________________________________ (Hereinafter referred to as the

“said Property”).

1. This is to confirm that we have allotted/sold flat no. _______ admeasuring ________________sq. ft.

(carpet/built-up area) on the ____________ floor of the building proposed to be named as / known as

____________ situated at ________________________________ under construction / constructed

by us to Mr./Mrs./Ms. ___________________________________________ for a total consideration

of Rs . _______________ (Rupees __________________ only) under an Agreement for Sale/Sale

Deed dated _______________________

2. We confirm that we have obtained necessary permissions/approvals/sanctions for construction of the

said building from all the concerned competent authorities and the construction of the building as well

as of the flat are in accordance with the approved plans. We assure that the said flat as well as the

said building and the land appurtenant thereto are not subject to any encumbrance, charge or

liability of any kind whatsoever and that the entire property is free and marketable. We have a clear,

legal and marketable title to the said property and every part thereof.

3. Mr./Mrs./Ms. _________________________________________________ has paid an amount of

Rs. _____________________. (Rupees ____________________________________ only) and a

sum of Rs. _____________________. (Rupees ____________________________________ only)

remains to be paid towards the cost of the said flat. OR

Mr./Mrs./Ms. _______________________________________________ has to pay the total cost of

Rs. __________________. (Rupees _________________________________ only) of the said flat.

4. Possession of the said flat will be given to Mr./Mrs./Ms._____________________________

on payment of the full consideration of the flat. OR Possession of the said flat has already been given

to Mr./Mrs./Ms. __________________________________________

5. We are aware that the said Mr./Mrs./Ms. ______________________________________ has

approached Bajaj Finance Limited (BFL) for a loan for purchasing/acquiring the said flat and that BFL

has agreed to sanction/grant the loan to Mr./Mrs./Ms. ____________________________ to purchase

/ acquire the above flat and Mr./Mrs./Ms. ______________________________has agreed to

mortgage the said flat in your favour / in favour of you as security for the said loan. We hereby

confirm that we have no objection to Mr./Mrs./Ms. _________________________________

mortgaging the said flat to your Company by way of security for repayment of the said loan.


agree to note the aforesaid charge in our books in respect of the said flat and Mr./Mrs./Ms.

________________________________________ will not be permitted to transfer, assign, sell off /


mortgagee without the prior written consent of the aforesaid mortgagee.

6. We also undertake to inform you and give proper notice to the Co-operative Society / Apartment

Owners Associations as & when formed, about the flat being so mortgaged. We further undertake to

get the required document/ deeds as deemed necessary as per the prevailing laws of the state in

respect of the said property executed regarding /upon consequence to the formation of such Society /

Apartment Owners Association and will keep you informed on the same.

Yours faithfully,

For ...................................... (Builders), Signatures

Note : This NOC is to be signed on behalf of the Builders by the same persons who have signed the

Agreement for sale in favour of the Purchaser/s (Borrower/s) or any person authorized by the

Builders to sign on their behalf.


[For Home Loans with Share certificate -To be taken on the Letterhead of the society] Bajaj Finance Ltd.

4th Floor, Bajaj Finserv Corporate Office

Off Pune- Ahmednagar Rd, Viman Nagar

Pune- 411014, Maharashtra, India

.Re: flat no. _________________ (“Said Flat”) of Mr./Mrs. _______________________ in the building

called ________________________ (“Said Building”) in ___________________Co-Op. Housing Society

(“Society”) situated at _______________________________ (“Said Property”).

Dear Sirs,

This is to confirm that the Society is registered under No. ____________ dated ______. The sale deed / lease

deed in respect of the land bearing Survey No./ CTS No. ____________has been executed in favour of the

Society under registration No. _____________ dated _______________ and as such the Society is the owner of

the Said Property and the Said Building thereof. The Society has allotted / transferred / agreed to transfer the

Said Flat to Mr./Mrs. ______________________________ and now Mr. / Mrs ___________________________

are selling the Said Flat to Mr./Mrs. _____________________________________ for which we have no

objection for the said transaction.

OR


deed in respect of the land bearing Survey No./ CTS No. ____________is yet to be executed in favour of the

Society. We confirm that Mr./Mrs. ______________________________ is the owner of the Said Flat and now

Mr. / Mrs ____________________________ is/are selling the Said Flat to Mr./Mrs.

______________________________________ for which we have no objection for the said transaction.

We hereby assure you that the Said Flat, the Said Building and the land appurtenant thereto are not subject to

any encumbrance, charge or liability of any kind whatsoever and that the Said Property is free and marketable.

We further confirm that we have a clear, legal and marketable title to the Said Property and every part thereof

and that all taxes and dues in respect thereof have been paid up to date. We have no objection to your giving a

loan to the said allotted / transferee / proposed transferee and his / here/ their mortgaging the Said Flat to you by

way of security of repayment of loan granted/ agreed to be granted by you.

"We also inform you that Share Certificate No __________is issued to the Member having Distinctive No of

Shares from _________________________________ To __________________________________"

We further undertake and confirm that we shall not allow the member to transfer or exchange the said

flat without your written consent. we hereby mark/record/lien in favor of Bajaj Finance ltd. on the said flat

We certify that our Society has adopted the standard Bye-laws approved by the Registrar of Co-Operative

societies. There are no restrictive covenants on transfer of flats/plots in our Society.

Your faithful,

For the Society

Chairman Secretary. Treasurer

Date:


[For Home Loans without Share certificate -To be taken on the Letterhead of the society] Bajaj Finance Ltd. 4th Floor, Bajaj Finserv Corporate Office Off Pune- Ahmednagar Rd, Viman Nagar Pune- 411014, Maharashtra, India .

Re: flat no. _________________ (“Said Flat”) of Mr./Mrs. _______________________ in the building

called ________________________ (“Said Building”) in ___________________Co-Op. Housing Society

(“Society”) situated at _______________________________ (“Said Property”).

Dear Sirs,

This is to confirm that the Society is registered under No. ____________ dated ________. The sale deed / lease

deed in respect of the land bearing Survey No./ CTS No. ____________has been executed in favour of the

Society under registration No. _____________ dated _______________ and as such the Society is the owner of

the Said Property and the Said Building thereof. The Society has allotted / transferred / agreed to transfer the

Said Flat to Mr./Mrs. ______________________________ and now Mr. / Mrs ___________________________

are selling the Said Flat to Mr./Mrs. _____________________________________ for which we have no

objection for the said transaction.

OR


deed in respect of the land bearing Survey No./ CTS No. ____________is yet to be executed in favour of the

Society. We confirm that Mr./Mrs. ______________________________ is the owner of the Said Flat and now

Mr. / Mrs ____________________________ is/are selling the Said Flat to Mr./Mrs.

______________________________________ for which we have no objection for the said transaction.

We hereby assure you that the Said Flat, the Said Building and the land appurtenant thereto are not subject to

any encumbrance, charge or liability of any kind whatsoever and that the Said Property is free and marketable.

We further confirm that we have a clear, legal and marketable title to the Said Property and every part thereof

and that all taxes and dues in respect thereof have been paid up to date. We have no objection to your giving a

loan to the said allotted / transferee / proposed transferee and his / here/ their mortgaging the Said Flat to you by

way of security of repayment of loan granted/ agreed to be granted by you.

We also inform you that Share Certificates shall be issued / Transferred to the said allotted / transferee and we

undertake to submit the same to you as and when issued.

We certify that our Society has adopted the standard Bye-laws approved by the Registrar of Co-Operative

societies. There are no restrictive covenants on transfer of flats/plots in our Society.

Your faithful,

For the Society

Chairman Secretary. Treasurer

Date:

Certification from Chartered Accountants

(To be taken on CA letterhead)

To

Bajaj Finance Limited

4th Floor, Survey # 208/1-B

Viman Nagar, Pune

411014

Dear Sir/ Madam,

Our Client M/s _______________________________________________< Enterprise Name> is a

Manufacturing/ Services enterprise having their registered office at ______________________________

<Registered Office>.

We have audited the Balance Sheet of _________________________________<Enterprise Name> as at

__________________________________________ <B/S Date> and based on our review, we would like to

confirm that Enterprise’s investment in Plant & Machinery/ Equipment (Excluding Land & Building) is

Rs.__________________________.

Basis the enterprise classification criteria as defined in MSMED Act 2006, enterprise can be categorized

under Micro/ Small/ Medium category.

Date:

Place: Signature

This certificate does not bestow any legal right. The enterprise is required to seek requisite clearance/

licence/ permit required under statutory obligation stipulated under the laws of Central/ State government.

REQUEST FOR DISBURSAL - Bajaj Finserv · 2020-03-08 · 7. Depositor further declared that the Mortgagor is not aware of any act, deed, matter or circumstances, which prevents the

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