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To,TransUnion CIBIL Limited[Formerly known as Credit Information Bureau (India) Limited]One Indiabulls building ,Unit No 1901 – 1905,19th Floor, Tower 2A-2B, Jupiter Mill compound,Senapati Bapat Marg, Lower Parel, Mumbai 400 013
Sub: Grant of Consent
Dear Sirs,
In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Wishfin and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
- The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
- I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: (a) I have carefully read the terms and conditions of the Agreement entered into between the Company and TUCL understood the same; or (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
- I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
- I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL.
- I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company
- I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Wishfin authorizing Wishfin to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Wishfin to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Wishfin to obtain my Consumer Credit Information .
- I understand that in order to deliver the product to me, I hereby authorize Wishfin, to obtain my Consumer Credit Information from TUCL.
- By submitting this registration form, I understand that I am providing express written instructions for Wishfin to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Wishfin account. I further authorize Wishfin to retain a copy of my information for use in accordance with [Wishfin’s] Terms of Use and Privacy Policy.
- I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
- I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Wishfin . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.
- I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.
Yours faithfully,
Name :____________________________Address : ____________________________Date : ____________________________
About Khush Housing Finance Home Loan
Every individual wishes to own their home some day. It is their long cherished dream which pushes them ahead in applying for the home loan. It is when a housing finance company, Khush Housing Finance Private Limited comes into existence in recognizing the needs of the customers and extending a helping hand to those in the urban, semi-urban, in addition to the outskirts of metropolitan cities who are deprived of easy availability of finances for owning a home.
Khush Housing Finance Home Loans are available for buying a House or a flat from a builder of your choice or from an individual seller. The loan amount will be extended on the basis of the value of your property, income and other eligibility criteria of the borrower.
A customized home loan product is being offered to you based on your requirement.
Khush Housing Finance Home Loan EMI Calculator
Home loan EMI is the fixed monthly payment that can be estimated as a repayment of your home loan and that can be calculated by using a home loan EMI Calculator. EMI stands for Equated Monthly Installments.
Calculating your EMI is a simpler process. You only need to fill the following inputs such as:
- Loan amount
- Loan Tenure
- Interest rate
As soon as you submit the details, the home loan EMI calculator will disclose you the loan EMI, interest payable and total amount to be paid.
An EMI involves two components-principal repayment + interest payment. Each and every EMI goes towards repayment of a component of the principal amount and also towards paying interest liable on the outstanding amount. During the initial phase of the loan tenure, a large portion of EMI goes towards interest payment. But as the loan repayment intervals go ahead, the EMIs contribute more towards repayment of principal amount.
For example, you are a local Kirana storekeeper whose monthly earnings are ₹50,000. You want to buy a plot for constructing your own house in Andheri East, Mumbai. You have applied for a home loan of ₹25 lakhs. Depending on the evaluation of your profile, monthly income, fixed monthly obligations, assets owned, age, qualification, title deeds, savings background and market value of the property to be bought/financed. So it was decided to sanction your home loan at the rate of 12.50% p.a. floating interest rate for the tenure of 15 years.
Khush Housing Finance Home Loan Eligibility Criteria
- Any Individual who is in need of housing finance can apply for home loan. This can include individuals classified under middle and low-income groups, having no access to housing finances due to lack of a formal income stream are entitled to home loans.
- The maximum amount of loan for purchase or construction of a house is limited to ₹25 lakhs only, subject to conditions.
- The housing loan is repayable over a maximum term of 15 /20years.
- The interest rates differ according to the market conditions. Individuals applying for a home loan may call up at the customer care no. to be informed about the ruling interest rate at which loans are given by Khush Housing Finance Pvt. Ltd.
- The loan will be obtained primarily by equitable/registered mortgage of the property acquired out of the loan sanctioned. Depending on the circumstances, additional securities such as third party guarantee may also be required.
- Only one guarantor is required to obtain a housing loan.
- Tax benefits applicable under the Income Tax Act on the following basis:
- Repayment of principal amount up to ₹1,50,000/ is exempted under Section 80 C of the IT Act
- Deduction under section 24 of IT Act for interest payment on housing loans up to ₹2,00,000/-
Documentation Required for Khush Housing Finance Home Loan
- Filled -in Application form
- Photo Identify proof such as Pan Card, Aadhar Card, voter’s ID card or passport
- Address proof such as Aadhar Card, ration card, electricity bill, telephone bill etc
- Documents of Income proof, if applicable
- Bank passbook or statement for last two years.
- Power of Attorney wherever applicable
- Details of assets owned
- Track record of loan repayment, if any
- Other relevant document/s as required by Khush Housing Finance Pvt. Ltd.
Features and Benefits of Khush Housing Finance Home Loan
- Fast and easy processing of home loans
- Hassle free documentation
- Attractive interest rates
- Counselors visit at customer ease.
- Doorstep delivery and pick up of documents
Khush Housing Finance Home Loan Customer Care Contact Number
Not in a possession of any of the documents while applying for home loans? Don’t worry. Call the customer care cell of Khush Housing Finance Home Loan on +91 22 28067284/+91 8828130932 and speak to them any possibility governing for the clearance of your home loan application. If any other queries regarding persists such as getting any clarity on terms and conditions applicable to a home loan, you may write an email at the email address mentioned on the website.