HOME LOAN APPLICATION COVERING LETTER
Date: 1 April 2026
To ABC Bank Ltd, Sector 17, Chandigarh.
Applicant: Aarav Sharma, Sector 21, Panchkula. Phone: +91 XXXXX XXXXX; email: aarav@example.com. Application reference: HL-2026-118
LOAN REQUEST
Purpose: Purchase of completed residential property. Amount requested: ₹90,00,000 (Rupees Ninety Lakh only). Preferred tenure: 240 months. Rate preference: Floating rate.
PROPERTY
Property: Apartment 804, ABC Heights, Airport Road, SAS Nagar, Punjab (Apartment/flat), Tower B, Apartment 804, ABC Heights.. Transaction stage: Property identified; agreement not yet signed. Stated property value: ₹1,20,00,000 (Rupees One Crore Twenty Lakh only).
REPAYMENT PROFILE
Primary repayment source: Salary income. Stated monthly net income: ₹2,50,000 (Rupees Two Lakh Fifty Thousand only). Existing obligations: Car loan EMI 18000; outstanding 450000..
DOCUMENTS
Enclosures: PAN/passport identity, salary slips, Form 16, six-month bank statement, agreement for sale.. Credit-check position: Applicant authorises lender-side credit and eligibility checks under the lender's separate consent process.
REQUEST TO LENDER
Please process the application subject to your credit, legal, technical and regulatory checks and provide the applicable sanction terms, Key Fact Statement/disclosures, repayment schedule assumptions, fees and security requirements if the loan is approved.
LEGAL BASIS
In Punjab the holder of a site allotted by a development authority cannot transfer any right in it without the authority's previous permission (section 43(7) of the Punjab Regional and Town Planning and Development Act, 1995), so a mortgage of such a site needs the authority's permission to mortgage, which it gives only to the allottee on its file. A mortgage by deposit of title deeds needs no registered deed, and a Punjab Non-Encumbrance Certificate cannot show it, which is why lenders also search the Central Registry of Securitisation Asset Reconstruction and Security Interest of India.
PERSONAL DATA NOTICE
This notice is given under the Digital Personal Data Protection Act, 2023.
Personal data in this document is collected only to apply for and administer the stated home loan, communicate about that purpose, verify expressly supplied lending and property information, and retain an evidentiary application record.
The record will be held by Kagaznama and may be shared only with the applicant, co-applicant, lender or housing-finance company, authorised loan-processing agent, employer or income verifier, advocate, valuer, technical professional, insurer, registering authority, Central Registry/CERSAI-related service, or other person directly involved in the stated loan process.
If the request is withdrawn, declined or does not proceed, personal data will be retained for 90 days and then erased. If it proceeds, the record will be retained for the loan process plus 12 months, except where a statutory, regulatory or lender record-retention rule requires a longer named period.