Mr. Ashutosh Sharma | Ummeed Housing Finance

Dear Customers,

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

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Mr. Ashutosh Sharma

Mr. Ashutosh Sharma

Founder & Managing Director

Ashutosh started his career with HSBC in 1991 and worked with them in India and Hong Kong in a variety of roles. He spent ~15 years with Citibank working in multiple jurisdictions across India and Asia. Post a successful stint as Managing Director and Country Head, Corporate and Investment Banking at Citibank Malaysia, he returned to India in 2008 as Country Head for Bank of Montreal and set up multiple businesses for the group, across Investment Banking, Asset Management and Correspondent Banking.

Ashutosh is a veteran in the field of Financial Services with close to 25 years of banking experience across multiple verticals of Banking with strong expertise in Corporate and SME lending, Risk Management, General Management, Strategy and Business Development

Ashutosh holds an MBA from the Indian Institute of Management (IIM) – Ahmedabad and a Bachelor of Arts from St. Stephen's College. His hobbies include Golf, Reading and Travelling.