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Sanction Letter

This sanction letter provides the terms and conditions for a loan of INR 3,000 to Vepati Sai Lokesh from DMI Finance through ZestMoney. The loan has an annual interest rate of 26%, a tenor of 12 months, and must be availed within 30 days. The borrower must repay INR 287 per month over 12 months. Non-payment of amounts due may be reported to credit bureaus and legal action may be taken.

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VS Naidu
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441 views2 pages

Sanction Letter

This sanction letter provides the terms and conditions for a loan of INR 3,000 to Vepati Sai Lokesh from DMI Finance through ZestMoney. The loan has an annual interest rate of 26%, a tenor of 12 months, and must be availed within 30 days. The borrower must repay INR 287 per month over 12 months. Non-payment of amounts due may be reported to credit bureaus and legal action may be taken.

Uploaded by

VS Naidu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SANCTION LETTER

Date: 22-01-2021

Vepati Sai Lokesh


25-3-893, new SBI Colony,netaji nagar, podalakur road, Nellore, Nellore, Nellore, Andhra Pradesh, Nellore,
524004

Dear Sir / Madam,


Please refer to your loan application 388C7659ACFB for a loan facility from DMI Finance made through Camden
Town Technologies Pvt. Ltd. ("ZestMoney") through ZestMoney’s technology platform https://zestmoney.in/.

We are happy to provide the credit facility on the following broad Terms & Conditions.

Sanction
01. INR 3,000.00 (Rupees Three Thousand only) to be disbursed by payment to AmazonPay
Amount

Rate of
Interest % p.
02. 26.00% declining per year
a.
(Annualized)

Tenor
03. 12 months
(Months)

Availability
04. This loan may be availed by you within 30 (thirty) days from the date of this letter.
Period

Down INR.0.00. This amount will be paid to AmazonPay and does not form a part of the Sanction
05.
Payment Amount.

Late
06. Payment Rs. 250/- for each Repayment Date on which the Installment Amount is not paid in full
Fee

Repayment
07. The principal and interest shall be repaid by paying 287.00/month for 12 months.
Details

(i)You can make an early repayment of the amounts due under this loan, in part or in full, at
any time.
(ii)ZestMoney may collect amounts payable by you on our behalf using the National
Automated Clearing House mandate or similar payment mandates provided by you. In addition,
Other
08. ZestMoney may also charge a fee for facilitating this transaction.
Conditions
(iii)Non-payment of amounts due on the relevant due dates may have adverse consequences
including:
(i) having your details reported to the credit bureaus; and
(ii) suitable legal action as may be necessary to recover the outstanding amounts.

This offer is valid up to 30 working days from the date of issue.

This Sanction Letter may not be construed as a binding commitment on us to disburse the above mentioned credit
facility, unless you have accepted the standard loan terms in a form and manner acceptable to us and the conditions for
disbursal set out therein are fulfilled to our satisfaction.

DMI Finance
Registered Office :Express Building, 3rd Floor, 9-10,Bahadur Shah Zafar Marg New Delhi -110002
Website:www.dmifinance.in
Customer Portal: https://portal.dmifinance.in/ | WhatsApp: 9350657100 (https://bit.ly/DMIFINWA)
DMI Finance

This is a system generated document, hence no signature required


Time Stamp: 22-01-2021 00:15:03

DMI Finance
Registered Office :Express Building, 3rd Floor, 9-10,Bahadur Shah Zafar Marg New Delhi -110002
Website:www.dmifinance.in
Customer Portal: https://portal.dmifinance.in/ | WhatsApp: 9350657100 (https://bit.ly/DMIFINWA)

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