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    Sanction Letter: RD TH

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    Sanction Letter: RD TH

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    1725001100813

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    75 views2 pages

    Sanction Letter: RD TH

    Uploaded by

    vk8175635
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    © All Rights Reserved
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    of 2

    HDB Financial Services Limited EarlySalary Services Private Limited

    3rd and 4th Floor, Hemalatha Mansion, 404, The Chambers Samrat Chowk,
    7-1-397/111 & 112 S R Nagar, Viman Nagar, Pune,
    Hyderabad – 500038, Telangana Maharashtra 411014
    Web: www.hdbfs.com Web: www.fibe.com
    CIN: U65993GJ2007PLC051028 CIN: U67120PN1994PTC184868
    Email: [email protected] Email: [email protected]

    Sanction Letter

    Date: 20-07-2024

    Reference No. HDB Financial Services Limited (Lender 1) (80%) Los No. 52130972
    EarlySalary Services Private Limited (Lender 2) (20%) Loan ID LAI1008058778

    Name: SUBHAJIT MONDAL


    Address C O BIRENDRA NATH MONDAL 99 1 NIMAI TIRTHA ROAD,BAIDYABATI M HOOGHLY WEST BENGAL
    ,Hooghly,WB,712222

    JLP Ref: Your application form No LAI1008058778 dated 20-07-2024 together with its schedule
    and annexure for sanction of Loan (“Loan Application”).

    Sub: Sanction of Loan.

    We refer to the Application Form cited above, and we are glad to inform you that the Loan applied for vide the said
    Loan Application has been sanctioned via Digital Lending Platform(Fibe)
    Please find below the details of the summary of the most important terms and conditions governing your Loan.
    LOAN DETAILS
    Lenders Lender 1: HDB Financial Services Ltd
    Lender 2: EarlySalary Services Private Limited
    End use Personal Use
    Loan/Amount Sanctioned Term loan of an amount of INR 135,759 as per sanction given below
    by Lender 1 and Lender 2 (collectively the “Lenders”)
    Lender 1 (80% of Loan Amount): INR 108,607
    Lender 2 (20% of Loan Amount): INR 27,152
    Type of Interest Fixed
    APR 35.64%
    Interest Rate 27 % per annum calculated on reducing balance basis.
    Tenor (in months) 12
    Equated monthly instalment. INR 13,035
    comprising of principal and The first and/or last instalment amount could be a figure that may be different
    interest from other instalment amounts due to difference in interest component in first
    and last EMI.

    Digitally signed by Vimal Saboo


    Date: 2024.07.20 14:11:04 UTC
    Location : Pune
    Authorised Signatory: On behalf of
    ESPL & HDBFSL
    HDB Financial Services Limited: Registered Office: Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad - 380009.
    Earlysalary Services Private Limited: Registered Office: Unit 404, The Chambers, Viman Nagar, Pune 411014
    Number of monthly instalments 12
    Other Charges INR 1,324 (Broken Period Interest)
    Delayed Installment payments
    charges 2.50 %p.m on unpaid EMI + Applicable Taxes
    Late Payment Charges in case of INR 500 or 3.00 % p.m. of overdue amount whichever is higher + Applicable
    delayed payment Taxes

    Processing Charges INR 3,600 + Applicable Taxes


    Collection Charges Nil
    Swap Charges Nil
    Prepayment Charges Nil
    Bounce Charges (over and above
    the charges levied by the bank) INR 500
    Cancellation Charges Nil
    Validity of sanction 15 days
    You can reach us for any customer query/complaint through any of the access channels mentioned below
    Contact no: 020 6763 9797
    EarlySalary Services Timings: 10.00 am and 7.00 pm Monday to Friday except public holidays
    Private Limited Email: [email protected]
    The detailed grievance redressal mechanism is available at Grievance Redressal
    Contact no: 044 42984541
    HDB Financial Services Timings: 10.00 am and 4.00 pm Monday to Friday except public holidays
    Limited Email: [email protected]
    The detailed grievance redressal mechanism is available at Grievance Redressal
    This sanction letter shall form an integral part of the loan agreement and other documents to be executed by yourselves
    and shall be governed by the terms and conditions as contained in the loan agreement. The terms specifically contained
    in this letter shall have precedence over the loan agreement. The offer is valid for 15 days from the date of the sanction.
    Stamp duty and other processing charges, if any on the loan documents shall be borne and paid by the Borrower only
    and Joint Lenders HDB Financial Services Limited and/or Earlysalary Services Pvt. Ltd. shall not be responsible or
    liable for the same.

    Repayment is by EMI (Equated Monthly Installments) which comprises of principal and interest calculated on the basis
    of monthly rests at the rate applicable. EMI will be applicable on disbursed amounts.

    HDB Financial Services Limited and Earlysalary Services Private Limited shall be informed in writing about any
    change/loss of job/business, profession, (as the case may be) immediately after such change/loss.

    HDB Financial Services Limited and Earlysalary Services Private Limited reserves the right to withdraw and/or amend
    any of the terms and conditions hereof (including to reduce or cancel the loan) at its sole discretion.

    The Terms & Conditions and other features of Loan shall be as per loan agreement. The approach for gradations of risk
    and rationale for charging different rate of interest to different categories of borrowers are as per interest rate policy of
    the Companies hosted on Company's website on Interest Rate Policy for Lender 1 & Interest Rate Policy for Lender 2.
    The exact due dates for repayment of a loan, frequency of repayment, breakup between principal and interest, examples
    of SMA/NPA classification dates, have also been clearly specified in the loan agreement.
    This letter of offer shall stand revoked and/or cancelled and shall be absolutely null and void if:
    a) There are any material changes in the proposal for which the Loan is sanctioned;
    b) Any statement made in the loan application or documents submitted by you are found to be incorrect or untrue.

    We value your relationship with us and assure you of our best services always.

    Digitally signed by Vimal Saboo


    Date: 2024.07.20 14:11:04 UTC
    Location : Pune
    Authorised Signatory: On behalf of
    ESPL & HDBFSL

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