Karan Bagh

Sanction of Personal Consumption(Sahulat/Saral)/Consumer/Car/2-Wheeler Loan Dated: 15/07/2016

In favour of Assessment of admissibility

Mr. Gurmeet Singh Gross Monthly Salary/Income : ` 28,810.00
S/o Mr. Pritam Singh Deduction on existing Salary/Income : ` 7,201.00
R/o Simbal Camp, Ward No.-2, Net Monthly Salary/Income>> : ` 21,609.00
Tehsil-R.S.Pura,
District-Jammu (J&K). Existing Loan Deduction/s (EMI) : ` 0.00
A/c No. 0023040100012686 Proposed Loan Deduction (EMI) : ` 6,480.00
Total DEDUCTIONS>> : ` 13,681.00 47.49%
Designation: Junior Assistant
Department: Irrigation & Flood Control Home Take Salary/Income>> : ` 15,129.00 52.51%

Third party guarantee/s as offered/proposed by applicant and voluntarily agreed by, namely:
1) Name: 2) Name:
S/W/D of S/W/D of
Address: Address:

A/c No. A/c No.

Designation: Designation:
Department: Department:

Since the applicant fulfils the eligibility criteria, a Car Term Loan facility to the tune of
` 300,000.00 (Rupees Three lacs only ) is recommended for sanction in
favour of the applicant for a period of 06 (Six) years under J&K Bank Car Finance Scheme (Fresh Cars).
The term loan amount together with interest will be repaid in 59 Equated Monthly Installments of
` 6,480.00 (Rupees Six thousand four hundred eighty only ) each starting one month from th
date of disbursement @ 3YearMCLR( 9.60% ) + 0.50% , i.e., 10.10% ( fixed ) at present with
monthly rests or such other rate of interest as may be prescribed by the Bank from time to time.
All other terms and conditions governing such type of loans and advances shall also apply.

Prepared By Recommended for Sanction

(Rajesh Mohan Datt) (Vinod Kumar)

Code No.032336 In Charge Credit
Code No.10388
Sanctioned as recommended
All terms & conditions stipulated by the Bank are accepted

(Arjun Singh Rathore)

Br.Head, B.U.-Karan Bagh Gurmeet Singh
Code No.04315 (BORROWER)

(Guarantor-1) (Guarantor-2)
Personal Consumption J&K Bank Saholiat/Saral Finance Scheme.
Consumer JK Bank Consumer Loan Scheme for Individuals.
Car J&K Bank Car Finance Scheme (Fresh Cars).
2-Wheeler J&K Bank Two Wheeler Finance Scheme.