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    Application No.: A2210170014 Date: 11-Nov-2022: This Is System Generated Letter Does Not Require Signature/company Stamp

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    mrrichie34

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    Application No.: A2210170014 Date: 11-Nov-2022: This Is System Generated Letter Does Not Require Signature/company Stamp

    Uploaded by

    mrrichie34
    6 views1 page

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    6 views1 page

    Application No.: A2210170014 Date: 11-Nov-2022: This Is System Generated Letter Does Not Require Signature/company Stamp

    Uploaded by

    mrrichie34

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Application No.

    :
    A2210170014 Date: 11-Nov-2022

    To,
    Sai Brahama Reddy Raya & Venkata Reddy Raya
    Address : 1-151, Sivalayam Street, Mittagudipadu,
    Rentachintala, Guntur District, Andhra Pradesh, Pin:522421

    Subject: Education Loan Sanction Letter


    Dear Sir/Madam,
    Based upon and relying on the facts and information provided by you in your Application Form No. A2210170014 dated 19/05/2023 seeking grant of an
    Education Loan ("loan"), we have pleasure in conveying you our sanction of an amount of Rs. 43,00,000/- (Rupees Forty T hree Lakh only) (equivalent
    toUSD 52185.07approx. at exchange rate of 1 USD: 82.84 INR.) on following terms:
    Rate of interest: 11.25% p.a. floating rate
    Term: The loan will be re-paid in a total of 168 monthly installments ("MI"). The MIs for first 36 months will be Rs. 5,536.25/- per
    monthand for next 132 months will be Rs. 82372.69/- per month.
    Fees: A onetime origination fees equivalent to Rs. 51,300/- inclusive of all taxes
    Validity of this offer : This Sanction letter is valid till 10-Aug-2023
    MI ACH and Security ACH Mandate From : Venkata Reddy Raya, Union Bank Of India, AC#: 047610021051386, IFSC: UBIN0804762
    Insurance to be taken by the Applicant and duly assigned in favour of HDFC Credila Financial Services Limited. (Formerly known as HDFC
    Credila Financial Services Private Limited) ("HDFC Credila")
    Visa : Loan to be disbursed only after receiving a valid visa to study in the country of study from the competent authority
    The Educational Loan availability is subject to satisfactory completion of loan documentation. This letter of offer shall stand unilaterally revoked and
    cancelled and shall be absolutely null and void even after acceptance by you, if:
    There are any material changes in the proposal for which the said loan is sanctioned. Final disbursement will be made based on the favorable
    validation and authentication of all supplied documents
    Any material fact concerning your income/profits or ability to pay, or any other relevant aspect of your application of Loan is withheld,
    suppressed, or concealed or not made known to us
    Any statement made in the application is found to be incorrect or untrue
    The Education Loan Agreement and other documents, as required by us are not executed before validity of this sanction letter or during any
    further extension of the period mutually agreed upon
    Any information as may be required by HDFC Credila from time to time pertaining to the project is not furnished in the form prescribed/approved
    by HDFC Credila
    As an outcome of legal due diligence, HDFC Credila is of the view that it is unviable to proceed further with the offer as made
    hereinabove
    Disbursement of each tranche will be based on favorable verification and financial check of applicant/s
    We look forward to your acceptance of this offer in order to expedite the conclusion of this transaction and the disbursement hereunder. Please schedule an
    appointment at the nearest HDFC Credila branch to discuss further terms and conditions and also complete the loan related paperwork and formalities.

    For HDFC Credila Financial Services Limited


    (Formerly known as HDFC Credila Financial Services Private Limited)

    Authorized signatory

    This is system generated letter does not require signature/Company stamp

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