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    Loan Sanction-Letter With Kfs

    Uploaded by

    nitinjames38

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Loan Sanction-Letter With Kfs

    Uploaded by

    nitinjames38
    31 views3 pages

    Original Title

    129473639804 Loan Sanction-letter With Kfs

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
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    31 views3 pages

    Loan Sanction-Letter With Kfs

    Uploaded by

    nitinjames38

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Sanction Letter – Personal Loan Customer Copy

    Date: 06 04 2024
    Place: Barh
    To,
    Name: Kundan Kumar

    Address: Bichli Malahi,Barh,Barh,Patna,Barh, Barh, Bihar - 803213


    We are glad to inform you that your loan (Application 129473639804 ) has been sanctioned on the
    following terms and conditions.

    Type of Loan Term loan


    Purpose of Loan PERSONAL
    Amount Sanctioned (In
    ₹ 50000.0
    Rupees)
    Term (In Months) 12
    Number of Installments 12
    Type of Interest Fixed
    Rate of Interest 36.0 %

    Annual Percentage Rate 53.70 %

    Penal Charges on 24% on the overdue amount calculated on day to day basis plus
    delayed payments applicable taxes (if any)

    Amount of each ₹ 5023.0


    Installments (In Rupees)

    Mode of Repayment E-NACH/ ACH

    (a) No part prepayment of the Loan shall be allowed.


    Foreclosure/ Prepayment (b) No Foreclosure will be allowed during the lock-in period.
    (c) Lock-in period - 6 months lock in till 18 months tenure and 12
    months lock in for >18 months tenure/Prepayment

    Processing Fee received ₹ 4130.0


    from customer
    (Non Refundable)
    Cooling off Period 3 days
    Note: All the aforesaid fees and charges are inclusive of applicable taxes, duties, levies, surcharges and cess as may be applicable from time to time.

    Cholamandalam Investment and Finance Company Limited


    Registered Office: Chola Crest, C54 & 55, Super B-4, Thiru Vi Ka Industrial Estate,
    Guindy, Chennai – 600 032
    !"#$%&'($)*""($

    Date: Lender's Name: Applicant Name:


    Cholamandalam Investment and Finance Kundan Kumar

    S.no Parameter Details

    (i) Loan Reference No. 129473639804

    Loan amount (&+,-.($/012-31"/4(,$2"$/012-31"/$(,$(*"$


    (ii) ₹ 50000.0
    2,33,5"3) (in Rupees)
    (iii) Rate of Interest (% p.a.) 36.0

    Total interest charge during the entire tenure of the loan ₹


    (iv) 10276.00
    (in Rupees)
    Other up-front charges (break-up of each component to ₹
    be given below) (in Rupees)

    a) Processing fees (in Rupees - non refundable) ₹ 4130.0

    (v) b) Insurance charges (in Rupees) ₹ 0.0

    c) Broken Period Interest (BPI) (in Rupees) ₹ 0.0

    d) Others (if any) (in Rupees) ₹

    (vi) Net disbursed amount ((ii)-(v)) (in Rupees) ₹ 45870.0

    (vii) Mode of disbursement ₹ 45870.0 will be transferred to your


    account

    Total amount to be paid by the borrower (sum of (ii), ₹


    (viii) (iv) and (v - (a), (b) & (d))) (in Rupees)
    64406.00

    6..-&7$8"3'".(&9"$:&(" - Effective annualized interest 53.70 %


    (ix) rate (in percentage) (computed on net disbursed amount
    using IRR approach and reducing balance method)

    (x) ;".,3$,<$(*"$=,&.$>0.$+,.(*14/&#1? 12 Months

    (xi) Repayment frequency by the borrower MONTHLY

    (xii) Number of instalments of repayment 12

    (xiii) Amount of each instalment of repayment (in Rupees) ₹ 5023.00

    Details about Contingent Charges

    :&("$,<$&..-&70@"/$A".&7$'*&39"1$0.$'&1"$,<$/"7&#"/$ 24%p.a. on the overdue amount calculated on


    (xiv)
    A&#+".(1$>0<$&.#?(Plus taxes, if applicable) day to day basis plus applicable taxes (if any)

    (xv) NACH/e-mandate bounce charges ₹ 500

    Cholamandalam Investment and Finance Company Limited


    Registered Office: Chola Crest, C54 & 55, Super B-4, Thiru Vi Ka Industrial Estate,
    Guindy, Chennai – 600 032
    Other disclosure
    B,,70.9$,C47,,DE-A$A"30,/$/-30.9$5*0'*$2,33,5"3$1*&77$
    (xvi)
    .,($2"$'*&39"/$&.#$A".&7(#$,.$A3"A&#+".($,<$7,&. 3 days*
    (xvii) =,'DE0.$8"30,/ 6 months lock in for tenure upto 18 months

    12 months lock in for > 18 months

    (xviii) FGH$I-"$I&(" 3rd of every month


    (xix) 8-3A,1"$,<$=,&.
    PERSONAL
    I"(&071$,<$=)8$&'J.9$&1$3"',K"3#$&9".($&./$&-(*,30@"/$ Whizdm Innovations Private Limited
    (xx)
    (,$&AA3,&'*$(*"$2,33,5"3 (“Moneyview”)
    (xxi) L&+"M$/"109.&J,.M$&//3"11$&./$A*,."$.-+2"3$,<$
    .,/&7$930"K&.'"$3"/3"11&7$,N'"3$/"109.&("/$1A"'0O'&77#$ Venkatraman Narayan
    (,$/"&7$50(*$%0.;"'*4$/090(&7$7"./0.9$3"7&("/$',+A7&0.(14$ 080 6939 0476
    011-"1$ Moneyview, 2nd Floor, The Address,
    Kadubeesanahalli, Bangalore, 560087
    [email protected]
    Cholamandalam Investment Finance Private
    Limited

    Mr. Krishnakumar K.P - Grievance Redressal


    Officer/ Principal Nodal officer
    044-40906114
    ASV Adarsh Complex, 719, Pathari Road, off
    Mount road , Near Thousands Light Metro
    station, Behind Raj video vision, Anna Salai,
    Chennai- 600002
    [email protected]
    and
    [email protected]

    • Please refer to Money View Privacy Policy at https://moneyview.in/privacy-policy-loans.


    • Please refer to EMI Calculator details at https://moneyview.in/emi-calculator/personal-loan-emi- calculator
    • Net Disbursement and other details as mentioned above in KFS may vary basis actual disbursement date.
    • **Processing fee is non refundable in nature and the company may retain the processing fee even if a loan is canceled
    during cooling off period, up-to a maximum of Rs. 3000 plus GST.

    Cholamandalam Investment and Finance Company Limited


    Registered Office: Chola Crest, C54 & 55, Super B-4, Thiru Vi Ka Industrial Estate,
    Guindy, Chennai – 600 032

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