CHAPTER XXUNITED CONSUMER AND CAR LOAN

20.1 Purpose and Articles to be purchased

20.2 Eligibility

20.3 Quantum of Consumer Loan

20.4 Quantum of Car Loan

20.5 Margin

20.6 Security

20.7 Rate of Interest

20.8 Repayment of Loan

20.9 Service Charge and Processing Fee

20.10 Sanctioning Authority

20.11 Other Operational guidelines

Annexure-A

Annexure-B

UNITED CONSUMER LOAN SCHEME

In order to meet the growing demand of the customers for loan for purchasing various kinds of consumer articles, the Bank has introduced UNITED CONSUMER LOAN SCHEME. The latest circulars and guidelines issued on this subject are to be read with this chapter The salient features and guidelines of the Scheme as approved by the Bank are highlighted below :

20.1. Purpose :

Articles eligible for procurement under the scheme:

Purchase of Refrigerator, Stereo System, Television Set, VCR, VCP, Cooking Range, Washing Machine, Air Conditioner, Furniture, Microwave Oven and other household utility goods, Computer and Accessories, Telex, Fax Machine, Two Wheeler etc.

20.2. Eligibility :

The Prospective borrower should maintain a Savings/Current Deposit/Term Deposit A/C with the Bank (KYC complied) and fulfill the following criteria-

20.2.1 Any individual with a minimum net income (take home salary for salaried person) of Rs.5,000/- per month.

20.2.2. In case of salaried persons the applicant has been in regular service for at least 1 year and should have a minimum left over service to cover the period of repayment of loan.

20.2.3. In respect of working couple, net income of the spouse may be considered for the purpose of computing net income and monthly instalments, provided the spouse joins as co-borrower and monthly instalment may be realised from the salaries of either of them.

20.2.4. Professional and self-employed persons should be at least 2 years in their profession.

20.2.5. The employees of United Bank of India shall also be eligible for loan under the scheme in compliance of the terms and conditions of the scheme and provided the applicant employee does not enjoy clean OD limit as is available to the members of staff of the Bank.

20.3. Quantum of Consumer Loan

20.3.1. In case of individuals :

The minimum amount of loan is Rs.0.10 lac. The maximum amount of loan is Rs.4.00 lac provided it does not exceed 36 times of the monthly net income of the borrower and total deductions from the salary/income including the EMI of this loan does not exceed 60% of gross salary/ income of the borrower.

20.4. Margin

Minimum 10-20% of the cost of the article to be purchased

20.5. Security :

20.5.1 Primary : Hypothecation of the article(s) to be purchased with the loan.

20.5.2. Collateral:

20.5.3. In case of salaried person when the borrower is an individual whose salary is disbursed through the branch.a) No additional security is required.b) The borrower shall however give a standing instruction and also a letter of

authority to realize the monthly instalment to the debit of his/her SB or CD account (of the branch) where the borrower’s salary is credited every month, The borrower will authorize his/her employer to remit necessary amount out of the borrower’s terminal benefit in case of cessation of employment of the borrower, for liquidation of the outstanding dues, if any, in the loan account. The employer should acknowledge such authorization in writing. If any of the above conditions is not feasible, the conditions as stated in the next paragraph 20.5.4. or 20.5.5. will apply.

20.5.4. In case of salaried person when the borrower is an individual whose salary is disbursed through the branch but no undertaking is available from employer.

a) The loan should be additionally secured by way of a third party guarantee, preferably co-employee.

b) A letter from of authority / undertakings / indemnity from borrower / borrower’s spouse to continue salary account and to utilize terminal benefits for repayment of outstanding dues, if any, in the loan account.

20.5.5. In case of (a) salaried person without salary disbursement account or employer’s undertaking and (b) Professional & Self employed persons:

Third Party guarantee with at least net worth 200% of loan amount & acceptable to the Bank. In addition, 3 (three) undated cheques for 3 instalments shall be taken along with a letter of undertaking to the effect that the Bank will have liberty to utilize those cheques in the event he/she fails to pay the stipulated EMIs to the Bank and that the borrower will not to make any “Stop Payment” of the aforesaid cheques.

20.6. Rate of InterestThe Bank shall charge interest on UNITED CONSUMER LOAN account at the rate indicated by Head Office on diminishing balance.

In case of default in payment of any instalment, penal interest shall be charged at a prescribed rate over the stipulated rate on the overdue instalments for the period of default and the said penal interest shall be realised separately.

20.7. Repayment of LoanThe loan should be repaid on the basis of Equated Monthly Instalment(EMI) to be fixed in accordance with following norms taking into consideration of the quantum of loan sanctioned and maximum amount of monthly deduction permitted so that total deduction does not exceed 60% of gross salary as stated above in case of salaried individuals. Repayment will commence one month after disbursement.

Upto Rs. 50,000/- Maximum 36 EMIRs. 50,001/- to Rs. 2.00 lac Maximum 48 EMIAbove Rs. 2.00 lac Maximum 60 EMI

No penalty should be charged for early repayment of the loan.

20.8. Service Charge/Processing Fee

Service charge shall be realised at the time of sanctioning of the loan at a rate prescribed by Head Office from time to time.

20.9 Sanctioning Authority :

The Manager of the branch selected for operation of the scheme will consider proposal on its own merit and sanction the same under the existing Discretionary Power delegated by the Bank to them and as per instruction from HO from time to time. However, the proposals beyond the limit of the Discretionary Power of the Branch Manager shall be forwarded to the Regional Authority duly recommended for sanction.

20.10 Other Operational Guidelines

20.10.1.The Loan amount must be in multiple of Rs. 100/- and the articles to be purchased must be new one (not second-hand).

20.10.2.The Prospective borrower may have the choice of more than one article/combination of articles within his/her total eligibility of the loan amount. However, in case of such multiple choice involving different dealers, Pay Orders/Demand Drafts will have to be issued dealer-wise. No cash disbursement is allowed under the scheme.

20.10.3.In case of professional and self-employed person/businessmen, copy of latest I.T. Returns of the applicant and the co-applicant wherever applicable, filed with the Income Tax Authorities/Sales Tax Clearance Certificate etc to be obtained. It must be observed that sufficient balance is being maintained in his/her SB or CD A/C with the Bank for un-interrupted realization of monthly instalment in terms of : “Standing Instruction” to be obtained from the borrower in this regard.

20.10.4. Apart from obtaining comprehensive insurance cover for the full value of the 2-Wheelers, as required under Motor Vehicle Rules, endorsing assignment in favour of the Bank, an insurance policy covering the risk of theft, burglary with “Bank Clause” for other article exceeding value of Rs. 50,000/- (original cost) should also be obtained within 1(one)

month from the date of availment of the loan. In case of 2-Wheelers, insurance coverage should be obtained on the date of delivery of vehicle to the borrower. In case of any default, the Bank will have the right to obtain such insurance cover itself to the debit of borrower’s account. The financing branch should explore the possibility of credit life insurance covering the loan amount (optional and on getting consent) for which the cost of premium shall be financed by the Bank.

20.10.5. The scheme, i.e., United Consumer Loan is to be treated as TRADITIONAL LOAN and to be disbursed to the debit of Term Loan Account to be opened in the name of the borrower(s) under CBS system.

20.10.6. Specimens of Application Form-Cum-Processing Sheet, sanction letter etc are given in the Annexure-‘A’ and Annexure-‘B’ respectively.

20.10.7. The Branches shall generate monthly SMA statement of the position of quality loan assets under United Consumer Loan Scheme and take appropriate action for follow up and monitoring of loan.

20.10.8.Normal procedures of the Bank in dealing with Term Loan(s) like opening of account, maintenance of ledgers and registers (wherever required), accounting of transactions, provisioning and charging of interest, reconciliation of balances etc under CBS system shall be followed. The branch management shall ensure timely repayment of the loan and in case of default shall initiate appropriate recovery measures as per Recovery Policy of the Bank.

UNITED CAR LOAN SCHEME

In order to meet the growing demand of the customers for loan for purchasing various kinds of 4-Wheelers for personal use by the individuals and office use by the firms and corporates, the Bank has introduced UNITED CAR LOAN SCHEME. The latest circulars and guidelines issued on this subject are to be read with this chapter The salient features and guidelines of the Scheme as approved by the Bank are highlighted below :

20.1. Purpose :

Purchase of new / old car not over 4 years old for private and non-commercial use by individuals and for official use by Partnership Firm / Proprietorship Firm / Company / Society.

20.2. Eligibility :

The Prospective borrower(s) should maintain a Savings/Current Deposit/Term Deposit A/C with the Bank (KYC complied) and fulfill the following criteria-

20.2.2 Any individual with a minimum net income (take home salary for salaried person) of Rs.20,000/- per month.

20.2.3 In case of salaried persons (in case of individuals) the applicant (aged between 21-65 Years including repayment period) has been in regular service for at least 2 years and should have a minimum left over service to cover the period of repayment of loan.

20.2.4 In respect of working couple, net income of the spouse may be considered for the purpose of computing net income and monthly instalments, provided the spouse joins as co-borrower and monthly instalment may be realized from the salaries of either of them.

20.2.5 Professional and self-employed persons should be at least 2 years in their profession.

20.2.6 The employees of United Bank of India shall also be eligible for loan under the scheme in compliance of the terms and conditions of the scheme.

20.2.7 Partnership Firm / Proprietorship Firm / Company / Society should fulfill the following conditions. a) DSCR must be minimum of 1.5:1 b) must have sufficient net profit to be sufficient so as to ensure regular payment of EMI c) Financials ( Balance Sheet / Profit & Loss A/c etc.) shall be studied to ascertain repayment capacity d) Personal Guarantee of Partners/ Directors to be provided and status to be determined with reference to CIBIL e) Bank’s charge shall be noted with the Registrar of Companies (wherever applicable).

20.2.8 In case of Partnership Firm, it should be registered with Registrar of firms and Deed of Partnership be registered at the competent courts of law. In case of Company, the Articles of Association should empower the Company to borrow from the Bank. The authority to sign the documents should be determined with reference to Partnership Deed in case of Partnership Firm and Board’s resolution

in case of Company. In case of Society, the society bye-laws needs to be examined in this regard and certified true copy of the resolution shall be obtained. All other relevant aspects shall also be examined so that in future there should not be any confusion as to the authority of the person(s) who signed the documents.

20.2.9 The income of the applicant borrower in case of individuals should determined with reference to the copy of I.T. files to be submitted at least for the last 2 years.

20.3 Quantum of Car Loan :

20.3.1. In case of individuals :

The maximum amount of loan is Rs.30 lac in case of new car and Rs. 6 lac in case of old/ used car, subject to maximum of 90% of on road price in case of new and 70% in case of used / old car of valuation certificate from the chartered automobile engineer. The quantum of loan is to be fixed in such a way that total deductions from the salary/income including the EMI of this loan does not exceed 60% of gross salary income of the borrower.

20.3.2 In case Partnership Firm / Proprietorship Firm / Company / Society:

The maximum amount of loan is Rs.40 lac in case of new car and Rs. 6 lac in case of old/ used car, subject to maximum of 90% of on road price in case of new car only.

20.4. Margin

Minimum 10% of the cost of the car (on road price) in case of new car and 30% of the valuation amount in case of old car.

20.5. Security :

20.5.1 Primary (irrespective of type of borrower) Hypothecation of the vehicle(s) to be purchased with Bank loan.

20.6.1 Collateral:

20.6.2. In case of salaried person when the borrower is an individual whose salary is disbursed through the branch.a)No additional security is required.b)The borrower shall however give a standing instruction and also a letter of authority to realize the monthly installment to the debit of his/her SB or CD account (of the branch) where the borrower’s salary is credited every month, The borrower will authorize his/her employer to remit necessary amount out of the borrower’s terminal benefit in case of cessation of employment of the borrower, for liquidation of the outstanding dues, if any, in the loan account. The employer should undertake that before shifting salary disbursement account, prior

permission from financing bank will be taken. The employer should acknowledge such authorization in writing. c) A letter from the employer ensuring repayment of installments by way of monthly deduction from the borrower’s salary and remittance to the financing branch till the loan remains outstanding shall be obtained. Besides, the borrower shall authorize his/her employer to remit necessary amount out of the borrower’s terminal benefits in case of cessation of employment of the borrower, for liquidation of the outstanding dues, if any, in the loan account. The employer should acknowledge such authorization in writing.

If any of the above conditions is not feasible, the conditions as stated in the next paragraph 20.6.3. will apply.

20.6.3. In case of salaried person when the borrower is an individual whose salary is not disbursed through the branch or where no such undertaking from employer is available and in case of Professional & Self employed Persons (including professionals engaged in public service like Doctor / Regd. Medical Practitioner).

The loan should be additionally secured by way of personal guarantee of 1 or 2 persons having adequate net worth to cover the loan amount and acceptable to the Bank. In addition, 3 (three) undated cheques for 3 installments shall be taken along with a letter of undertaking to the effect that the Bank will have liberty to utilize those cheques in the event he/she fails to pay the stipulated EMIs to the Bank and that the borrower will not to make any “Stop Payment” of the aforesaid cheques.

20.6.4. To evaluate the networth of guarantor, Asset & Liability position as on recent date shall be obtained through Guarantor’s Bio data form duly signed and also by self-declaration along with copy of supportive documents duly signed viz. Deposit with bank/ NSC/ KVP/ S.V. of LIC/ immovable assets etc in respect of Assets declared by the guarantor(s).

20.7. Rate of InterestThe Bank shall charge interest on UNITED CAR LOAN account at the rate indicated by Head Office on diminishing balance.

In case of default in payment of any installment, penal interest shall be charged at a prescribed rate over the stipulated rate on the overdue installments for the period of default and the said penal interest shall be realized separately.

Concession in Interest Rate for existing good borrowers of the Bank.

Eligibility for 0.50% intt concession

Max Amt to be allowed

Collateral Security

Existing Mortgage based borrowers with completed 2 years of regular repayment

30% of Sanctioned Amt of Mortgage based Loan or Total principal amt repaid whichever is higher

Extension of Mortgage

CC A/C holders having (i) Completed minimum 2 years (ii) Satisfactory conduct of A/C; and (iii) Credit Risk rating of at least UBCR-3

20% of CC LimitExtension of Mortgage if available, otherwise Nil.

Corporate Customer availing loan for 5 cars at a time &repayment through single cheque/SI from A/c maintained with us

Further concession of 0.50%

20.8. Repayment of LoanThe loan should be repaid on the basis of Equated Monthly Installment (EMI) to be fixed in accordance with following norms taking into consideration of the quantum of loan sanctioned and maximum amount of monthly deduction permitted so that total deduction does not exceed 60% of gross salary as stated above in case of salaried individuals. Repayment will commence one month after disbursement.

(i) New Vehicle Maximum 72 months;(ii) Old Vehicle upto 2 yrs. old Maximum 48 months;(iii)2 yrs. and up to 4 yrs. old Maximum 36 months.

No penalty should be charged for early repayment of the loan.

20.8. Service Charge/Processing Fee

Service charge shall be realized at the time of sanctioning of the loan at a rate prescribed by Head Office from time to time.

20.10. Sanctioning Authority :

The Manager of the branch will consider proposal on its own merit and sanction the same under the existing Discretionary Power delegated by the Bank to them and as per instruction from HO from time to time. Where HUB is in operation, the Manager will forward the proposal after prima facie examination along with copies of related documents in terms of instruction from HO issued from time to time to the concerned HUB under his/ her seal and signature. However, the proposals beyond the limit of the Discretionary Power of the Branch Manager shall be forwarded to the Regional Authority duly recommended for sanction.

20.11 Other Operational Guidelines

20.11.1.The Loan amount must be in multiple of Rs. 100/- and the car to be purchased must be new one. In case of used / old car, a certificate from

chartered automobile engineer or approved car dealer shall be submitted about present condition, expected residual life and present value of the car.

20.11.2. Pay Orders/Demand Drafts (marked A/c Payee) will be issued in favour of the Dealer of the Car against quotation submitted. While processing the proposal the recommending / sanctioning authority should satisfy themselves about the genuineness of the quotation and its issuing authority. No cash disbursement is allowed under the scheme.

20.11.3.In case of professional and self-employed person/businessmen, copy of latest I.T. Returns of the applicant and the co-applicant wherever applicable, filed with the Income Tax Authorities/Sales Tax Clearance Certificate etc to be obtained. It must be observed that sufficient balance is being maintained in his/her SB or CD A/C with the Bank for Un- interrupted realization of monthly installment in terms of : “Standing Instruction” to be obtained from the borrower in this regard.

20.11.4.Apart from obtaining comprehensive insurance cover for the full value of the Motor Cars, as required under Motor Vehicle Rules, endorsing assignment in favour of the Bank, an insurance policy covering the risk of theft, burglary with “Bank Clause” shall be taken. In case of 4-Wheelers, insurance coverage should be obtained as on the date of delivery of vehicle to the borrower. In case of any default, the Bank will have the right to obtain such insurance cover itself to the debit of borrower’s account.

20.11.5The financing branch should explore the possibility of credit life insurance covering the loan amount (optional and on getting consent) for which the cost of premium shall be financed by the Bank.

20.11.6. The scheme, i.e., United Car Loan is to be treated as TRADITIONAL LOAN and to be disbursed to the debit of Term Loan Account to be opened in the name of the borrower(s).

20.11.7. Specimens of Application Form-Cum-Processing Sheet, sanction letter etc are given in the Annexure-‘A’ and Annexure-‘B’ respectively.

20.11.8. The Branches shall generate monthly SMA statement of the position of quality loan assets under United Car Loan Scheme and take appropriate action for follow up and monitoring of loan.

20.11.9. Normal procedures of the Bank in dealing with Term Loan(s) like opening of account, maintenance of ledgers and registers (wherever necessary), accounting of transactions, provisioning and charging of interest, reconciliation of balances etc under CBS system shall be followed. The HUB will process the proposals through LAPS (Lending Automation Processing System) and sanction accordingly. The branch management shall ensure timely repayment of the loan and in case of default shall initiate appropriate recovery measures as per Recovery Policy of the Bank.

ANNEXURE – AUNITED BANK OF INDIA

APPLICATION FOR UNITED CONSUMER AND CAR LOAN

The Chief Manager/ManagerUnited Bank of India__________________ Branch Dear Sir,

I/we request you to sanction a loan of Rs…………………………….(Rupees ………………………………………….Only) for purchase of ………………………… costing Rs………….{Description of Article(s)/ Car}

Name of Article(s)/ Car Value (Rs.)

i)

ii)

iii)

from ……………………………………(Name & Address of suppliers)

I/we undertake to repay the loan in …………..monthly instalments of Rs………. each starting from ………………………………………

PARTICULARS OF BORROWER APPLICANT 1 APPLICANT 2(Delete whichever is not applicable)1. Name in full (in Block letters)

/ Name of Firm/ Co./Society etc.2. Age3. Whether married4. No. of dependents5. Name of father/husband6. Address (with telephone no)

i) Residenceii) Office

7. For salaried applicanti) Name & Address of employer

ii) Designation/position & period since when employed

Photograph

Applicant 1

Photograph

Applicant 2

8. For professional & self-employed applicant

i) Particulars of profession and name & address of his/her firm/co. and details

ii) Designation/position & period since when engaged

9. Name, address, occupation & worth of guarantor(s), if any

10. Income (year-wise for last 2 years)

Gross Income

Net Income

Less : Personal drawings

Income Tax paid

Net surplus

11. Income Tax assessed/paid for theLast 2 years (enclose supporting Documents)

Income assessed

Tax assessed

Tax paid

12. Nature of account(s) maintained With UBI

13. Names and addresses of other bankswith whom any account is maintained(Particulars of borrowings, if any, to be given)

14. For salaried applicant

Particulars of monthly emoluments for the month of _______________ ( a copy of the payslip/employer’s certificate to be attached)

Applicant 1 Applicant 2Gross Salary (in Rs.) Deductions (in Rs.)

Gross Salary (in Rs.) Deductions(in Rs.)

Basic PF Basic PFDA IT DA ITHRA Loan HRA LoanOthers Others Others OthersTotal Total Total TotalNet Take Home Salary Net take Home Salary

Common for all applicants (Particulars of each applicant to be given separately)

15. Description of Property, if any, owned(a) Particulars of Real Estate : Location : Area : Unencumbered (yes/No) :

(b) Particulars of Shares held, if any Name of the Company No. of shares Market Value

i)ii)iii)

(c) Life Insurance Policy held : Date of Maturity Sum Assured Policy No. (s)i)ii)iii)

(d) National Savings Certificate, Date of Maturity Face Value if any, Certificate No.

16. Borrowings(i) Borrowing against (a), (b), (c) &

(d) above (Details to be given inseparate sheet) : Rs…………………………

(ii) Present Outstanding Balance : Rs…………………………

17. Other liabilities(i) Any unsecured Liabilities (Details to be

given in separate sheet) : Rs………………………….(ii) Present Outstanding Balance : Rs………………………….

18. Statement of Financial Positions as on …………………………………………..LIABILITIES ASSETS

Capital Land & Building Trade Creditors Furniture & FittingsOther Creditors Stock-in-TradeOthers Trade DebtorsSurplus Cash in Hand & Bank(Asset-Liability) Others

Deficit (Liability-Assets)

_________ ________ TOTAL TOTAL ======== =======In case of Partnership Firm, Company & Society copy of Balance Sheet, P&L A/c and other related documents are to be submitted.

19. OTHER PARTICULARSName and address of the persons who can be referred to for information(a)

(b)I/we hereby (I) declare that the statements given above are true and correct(ii) further declare that no part of the loan will be utilised for any purpose

other than that stated.(iii) Agree to abide by all the terms and conditions of the loan, if sanctioned.(iv) Further agree to the Bank recalling the entire loan or the balance thereof if

the Bank comes to know of any incorrect statement on my part.

Signature of Applicant 1 Signature of Applicant 2

Date :

Place :

20. Chief Manager’s/Manager’s findings and sanction/recommendation

Manager/Asstt. Manager Chief Manager/Manager

……………………………… BranchDate

HUB observations and sanctions. Chief Manager (HUB)

ANNEXURE-B

Sanction LetterUNITED BANK OF INDIA

______________________ Branch

Ref. No. : Date :

Mr/Mrs/Miss ……………………..…………………………………………………………………………

Dear Sir/Madam,Sub : Your application for United Consumer/Car Loan

In response to your application dated _______________ we are pleased to sanction you a Consumer/Car Loan on the following terms and conditions.

1. Amount of Loan (Term Loan) ::

2. Purpose :: For purchase of ………………………… from ……………………………………. ………………………………………….

(Name of the Dealer/Seller)

3. Cost of the Article/Car (as per proforma) :: ………………………………………….4. Interest :: ________________________________

5. Margin ::

6. Instalment Amount (EMI) :: Rs……………..p.m. The EMI is subject to change or repayment period may be revised with the revision of rate of interest from time to time.

7. Nature of Facility :: Term Loan, Monthly instalment to be payable on the day of disbursement of each month till the entire loan is liquidated. In case EMI is not paid on the due date of each month, penal interest @..% over and above the stipulated rate of interest will be levied for period of default.

8. Security : (a) Primary : Hypothecation of ……………………..…………………………. acquired under the Loan of the Bank.

(b) Additional :

9. Disbursement : The payment as per proforma invoice will be made by the Bank by Pay Order/Demand Draft directly to the Seller /Dealer after the margin money is deposited and necessary documentation as per Bank’s requirement is completed.

10. Insurance : Motor Cars/Two wheelers should have comprehensive insurance coverage for the full value of the item on the day of delivery of vehicle. In case of other items of Consumer Loan, insurance coverage will be arranged in respect of individual article valued above Rs. 50,000/-

11. Repayment of Loan Repayment of loan will start after one month from the date of disbursement of the loan and will be completed in ……….. months by way of Equated Monthly instalment(EMI) payment.

12. Other Conditions :

A. Bank official will have the right to inspect the articles/ car as purchased with the Bank’s finance

B. Your employer will keep proper record of this loan availed by of you and in case of any relinquishment in the present service or retirement, your company will take necessary steps so that the loan amount is liquidated well before such eventualities. You will have to obtain clearance/No Dues Certificate from us in case of such eventualities.

C. Your employer will duly intimate the Bank about your transfer to any other administrative unit, change in designation, termination of the service within one month of such eventualities.

D. You will agree to give in irrevocable instruction and authorisation to your employer to credit for adjustment in your above loan account all the proceeds of terminal and other benefits as permissible in law payable to you by your employer on a termination of service for whatsoever reason.

E. All other terms & conditions are as usual as per the Bank’s Consumer/Car Loan Scheme.If you agree with the terms & conditions as stated herein above, please put your signature on the duplicate copy of this letter as token of your acceptance of terms & conditions for availing of the loan amount and return the same to us for our further action.

Yours faithfully,

CHIEF MANAGER/MANAGER

(It is suggested to prepare separate Sanction Letter for sanction Car Loans to Firm, Co., Society based on relevant information and as per car loan scheme of the Bank, instead of using format for sanctioning loans to individuals)