We value your relationship with Ummeed Housing Finance Private Limited
It has been our endeavor to provide you the best services. In order to make our product & services available to the clients on a regular basis; we need to keep the same aligned to the market trends. As you are aware that your existing loan with Ummeed Housing Finance is on "Floating Rate of Interest" and this rate of interest is intrinsically influenced by the economic situation and other factors effecting the lending business and are also based on the type of loan, loan size, type of security provided, security cover, tenure of loan and risk profiling etc.
Therefore in view of the aforesaid, we wish to inform you that with effect from 5th Aug'19 ("Said Date"), we have revised the URR (Ummeed Reference Rate) by 0.5%. This change will effect in the upward revision of your existing rate of interest by 0.5% .
Therefore, with effect from the "Said Date" mentioned above, interest is payable by you as per the aforesaid revised Rate of Interest on the outstanding loan amount availed by you from Ummeed Housing Finance Private Limited under the loan agreement and other documents executed by you with/in favour of Ummeed Housing Finance Private Limited. Please note that effect of the revision as aforesaid will be on the tenure of the loan while we have kept the EMI amount same.
All other terms & conditions of the loan documents shall remain the same. This is without prejudice to the provisions of the loan agreement
Assuring you the best of our services.
For Ummeed Housing Finance Private Limited
Anurag is a private and public investor globally through his holding company, Duane Park, and has served on several corporate and non-profit boards, including AMN Healthcare, Campus Hub, Tabletop Holdings and Magic Bus USA. He previously served on the boards of the State Bank of Mauritius and the U.S.-India Strategic Partnership Forum. Anurag is currently on the boards of SpiceJet Limited, Ummeed Housing Finance, and is Chairman of Yaantra.com, Casita.com, FLOcolive.com and Sukkhi.com.
Prior, Anurag was a co-founder and Managing Partner of India Equity Partners, a $350 million long-term private equity fund; IREO, a $2 billion investment fund focused on real estate in India; and EI Dorado, a public investment vehicle. Previously, Anurag was a principal and head of private equity for MSD Capital, the private investment firm for Michael Dell and his family. During his tenure from 1999-2003, he deployed and managed a portfolio of highly successful private equity investments. He began his career at Wasserstein Perella & Co. in New York, where he worked with the merchant banking group.
Anurag, 52, is currently a member of Ashoka University’s Board of Trustees, the Arts Advisory Council of Harvard University’s South Asia Institute and was on the Board of Overseers of the University of Pennsylvania (School of Engineering). Anurag attended high school in India at St. Columba’s, New Delhi. He completed a dual-degree program in Management and Technology at the University of Pennsylvania with a B.A. degree from the Wharton School of Business, and a B.S. degree from the Moore School of Engineering and Applied ScienceBack