Mr. Vishal Mehta | 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. Vishal Mehta

Mr. Vishal Mehta

Non-Executive Director

Vishal is co-founder of Lok Advisory Services and he started its operations in India in late 2004.

Prior to Lok, Vishal worked for about a decade in delivering marketing and business development services in the financial services and telecom sector, both in developed as well as developing economies. He worked with one of the largest issuers of credit cards in US, Capital One and led their sub-prime outbound telemarketing vertical. Prior to that, he was working primarily in the telecom sector where he began his career in India during the first round of privatization and mobile technology licensing in early-mid nineties. He managed several key operator accounts for Siemens in India and worked on launching new wireless equipment in Malaysia and Germany. He continued his telecom sector marketing and product strategy work with PRTM, a management consulting firm based out of their Washington, D.C.’s office.

Vishal is on the board of SEWA and Drishti.

Vishal holds an Engineering degree from Delhi University and an MBA from the University of Michigan, Ann Arbor.