TRIPARTITE TRANSFER OF A HOME LOAN ON RESALE
Agreement date: 1 April 2026
Outgoing allottee: Harpreet Singh, Sector 35, Chandigarh. Incoming allottee: Aarav Sharma, Sector 21, Panchkula. Promoter: ABC Developers Pvt Ltd, Airport Road, SAS Nagar, Punjab.
Project: ABC Heights. RERA no.: PBRERA-SAS79-PR0123. Unit: Tower B, Apartment 804, Apartment/flat - 3 BHK apartment, 1,850 sq ft super area, one basement parking right..
Original booking price: ₹1,20,00,000 (Rupees One Crore Twenty Lakh only). Paid to promoter: ₹60,00,000 (Rupees Sixty Lakh only). Promoter balance: ₹60,00,000 (Rupees Sixty Lakh only).
- 1. OUTGOING LOAN
Outgoing lender: ABC Bank Ltd. Loan reference: Home loan ending 1188. Payoff amount: ₹35,00,000 (Rupees Thirty Five Lakh only), valid until 2 April 2026.
- 2. INCOMING FINANCE
Incoming lender: XYZ Housing Finance Ltd. Sanction: ₹70,00,000 (Rupees Seventy Lakh only). Disbursement route: Incoming lender pays outgoing lender directly up to payoff amount and balance follows closing instructions. Details: ₹35 lakh to ABC Bank; ₹25 lakh to promoter; balance to transferor after substitution..
- 3. DOCUMENTS
Original-document route: Outgoing lender releases originals directly to incoming lender after payoff.
- 4. PROMOTER
Promoter confirmation: Promoter recognises proposed substitution subject to full transfer formalities.
- 5. SECURITY
Outgoing charge release: Only after cleared payoff and lender-issued release or NOC. Incoming security: Only after its loan/security documents and promoter substitution are completed.
- 6. FAILURE
Failure/reversal: No lender releases security or documents except under agreed reversal instructions.
This agreement coordinates the resale and finance process. It does not itself constitute the outgoing lender's discharge instrument or the incoming lender's mortgage/security document.
- 7. EXECUTION
______________________________
Signature
Outgoing allottee: Harpreet Singh
Place: ____________________
Date: 1 April 2026
______________________________
Signature
Incoming allottee: Aarav Sharma
Place: ____________________
Date: 1 April 2026
______________________________
Signature
Promoter: Authorised Signatory, ABC Developers Pvt Ltd
Place: ____________________
Date: 1 April 2026
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to coordinate the lender payoff, promoter substitution, incoming disbursement and document custody for the financed resale, communicate about that purpose, verify expressly supplied transaction information, and retain an evidentiary record.