End Use Letter Format at a glance
What it is: End Use Letter Format (A): Format for end use letter from the customer. Sub: Application for Loan Facility for Ancillary Purpose.
Who signs: Sign as Applicant; a Co-applicant signs as Co-applicant.
A filled-in End Use Letter Format example: a loan for medical treatment
How to fill out End Use Letter Format, box by box
(Date) and the Application No.
Write the (Date).
Fill in the blank after I, then the blank after refer to the Application No. and the date of the application submitted by you to ICICI Bank Limited for availing of a Loan Facility (the Facility).
Purpose of the Facility
The said Facility is for the purpose of: Education, Business, Marriage, Purchase / Improvement of property, Medical treatment, Agricultural Activities, Allied Activities (Specify) or Other personal need (If for other personal need, specify).
I also declare that funds under the facility will not be used towards purchase of gold in any form, including primary gold, gold bullion, gold jewellery, gold coins, units of gold Exchange Traded Funds (ETF) and units of gold Mutual Funds, etc.
The Facility shall not be used for any illegal and / or antisocial and / or speculative purposes including but not limited to participation in stock markets / IPOs / land purchase. The purpose of use of funds under the Facility shall not be changed in any manner during the tenor of the Facility, or such change shall take place only with the prior written permission of ICICI Bank.
Income Tax benefits and default
Income Tax benefits for a housing loan under the provisions of Income Tax Act, 1961 will not be available to you in respect of the Facility for the ancillary purpose(s). Any breach or default in complying with all or any of the aforesaid undertaking(s) will constitute an event of default under the Transaction Documents.
More rules for End Use Letter Format
(B) Format for end use Letter from the customer for Top Up.
Common questions about End Use Letter Format
Who signs it?
Sign as Applicant; a Co-applicant signs as Co-applicant.
Sources
[1] End Use Letter Format, ICICI Bank Limited (the Official source link on this page).