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    Annexure - 1: Mode of Repayment

    Uploaded by

    Jaggu Nithesh
    1. JAGATHDEEP's loan application for an "Instalment Billing Pay Later" product from Capital Float has been approved. 2. The loan amount sanctioned is Rs. 2000 over 5 years at an interest rate not exceeding 24% per annum. 3. Repayments will be made through NACH/DDM/SI/cheque as per the repayment schedule when loan amounts are disbursed in multiple tranches.

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    Annexure - 1: Mode of Repayment

    Uploaded by

    Jaggu Nithesh
    102 views2 pages
    1. JAGATHDEEP's loan application for an "Instalment Billing Pay Later" product from Capital Float has been approved. 2. The loan amount sanctioned is Rs. 2000 over 5 years at an interest rate not exceeding 24% per annum. 3. Repayments will be made through NACH/DDM/SI/cheque as per the repayment schedule when loan amounts are disbursed in multiple tranches.

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    sanction_letter_dc9431c4-c3ac-4c2c-be0d-a6f6ea4805c8

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    1. JAGATHDEEP's loan application for an "Instalment Billing Pay Later" product from Capital Float has been approved. 2. The loan amount sanctioned is Rs. 2000 over 5 years at an interest rate not exceeding 24% per annum. 3. Repayments will be made through NACH/DDM/SI/cheque as per the repayment schedule when loan amounts are disbursed in multiple tranches.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    102 views2 pages

    Annexure - 1: Mode of Repayment

    Uploaded by

    Jaggu Nithesh
    1. JAGATHDEEP's loan application for an "Instalment Billing Pay Later" product from Capital Float has been approved. 2. The loan amount sanctioned is Rs. 2000 over 5 years at an interest rate not exceeding 24% per annum. 3. Repayments will be made through NACH/DDM/SI/cheque as per the repayment schedule when loan amounts are disbursed in multiple tranches.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    04/07/2022

    Dear JAGATHDEEP,

    It brings us immense pleasure to inform you that your loan application under the product " Instalment Billing
    Pay Later" has been accepted.

    We wish to sanction the loan based on the terms and conditions as specified under this Sanction Letter:

    1 Loan application date : 04/07/2022


    2 Details of Borrower : JAGATHDEEP
    3 Validity period of this offer : 30 days from the date of this letter
    4 Amount sanctioned : 2000.0
    5 Validity period : 5 years
    6 Rate of Interest* : Not exceeding 24% p.a
    Processing fee (including
    7 : NA
    GST)
    8 Repayment : As per repayment schedule enclosed when a tranche is made
    9 Monthly Installment Amount : To be shared when a tranche is made
    10 Prepayment charges : NA
    Payment (EMI) dishonor Rs. 500 + GST @ 18% per dishonor of NACH/e-NACH / DDM/e-DDM
    11 :
    charges /SI/Cheque
    12 Other charges : NA
    13 Documentation : KYC Documents, NACH/DDM/SI mandate
    14 Loan Disbursement : Post completion of the document you will be eligible for the loan.
    15 Pre EMI Component : NA

    Annexure - 1
    Please note the following details pertaining to the loan to be availed by the Borrower that require further
    attention.

    Mode of Repayment
    Repayment will be via e-NACH/DDM/SI/Cheque and as decided by the company from time to time.

    Disbursal
    The Borrower shall be entitled to request a disbursement of the Credit Facility Amount for each Facility in
    multiple tranches (each, a " Loan" ) during the Availability. Capital Float shall have the right, to refuse
    disbursement of the Credit Facility / Loan.

    Billing Cycle
    Billing cycle is 15th of every month and payment due date is 5th of every successive month

    Applicable Charges
    Description Payable amount/value Payable when
    Cheque bounce Rs. 500/- plus GST @ 18% per If NACH /e-NACH/ Cheque / SI / DDM / e-DDM is
    charge dishonour dishonored by bank

    1 of 2
    Processing and Documentation & Handling Charges
    NIL

    Description Details
    Amount Sanctioned 2000.0
    Tenure (years) 5 Years

    Sanction Conditions

    1. Loan agreement execution & disbursal is subject to satisfactory verification of original KYC documents.
    2. Successful NACH/e-NACH/DDM/e-DDM/SI registration

    Customer Support
    In the case of any queries or assistance required, you can write to us at [email protected] or call us
    at 080 6807 5001
    For details on our Grievance Redressal Mechanism please read through our policy
    https://capitalfloat.com/wp-content/uploads/2021/09/Grievance-Redressal-Policy-V-1.6.pdf

    Annexure - 2
    Legal
    The grant of loan by Capital Float and the availing of such loan by the Borrower shall be governed by and at
    all times, be subject to, the terms of the said Loan Agreement executed between the Lenders, Capital Float
    and the Borrower. This Sanction Letter forms part of the Loan Agreement accepted by you and constitutes the
    Facility Schedule specified under the Loan Agreement. It is clarified that in the event of a conflict between
    one or more terms of this sanction letter and the Loan Agreement, the terms of the Loan Agreement or the
    applicable law shall prevail to the extent of such conflict.
    Nothing in this letter obligates the Lenders and Capital Float and to advance any loan to the Borrower till
    such time that the Loan Agreement has been executed and the terms of such Loan Agreement fulfilled to the
    satisfaction of Capital Float.
    Capital Float shall be at liberty to novate & assign, without the consent of the Borrower, the whole of or any
    part of the loan, including all rights, benefits and interests thereunder, to any other third party, in
    accordance with applicable law.
    This sanction shall stand revoked and cancelled without any notice, if there are material changes in the
    Borrowers financial performance, any material facts concerning the Borrowers profits or its ability to make
    payments under this loan agreement or any relevant aspects of its request for loan facility are withheld,
    suppressed, concealed, or are found to be incorrect or untrue.
    Except to the extent disclosed to CapFloat Financial Services Pvt Ltd, no director or a relative (as specified
    by RBI) of a director of a banking company (as specified by RBI) or a relative of a senior officer of CapFloat
    Financial Services Pvt Ltd is - the applicant(s), or a partner, managing agent, manager, employee, director of
    our concern, or of our subsidiary or our holding company, or a guarantor on my/our behalf, or holds
    substantial interest in our concern or my/our subsidiary or holding company.

    2 of 2

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