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Sanction Letter

The document is a sanction letter from DMI Finance Private Limited approving a loan of Rs. 107220 to Manohar T N at an annual interest rate of 25.99% over 36 months, with processing fees of Rs. 4720 and penalties for late payments or prepayment outlined in the terms and conditions. It provides the customer name, address, sanction amount, interest rate, tenor, fees and charges associated with the loan.

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Manohar NM
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2K views1 page

Sanction Letter

The document is a sanction letter from DMI Finance Private Limited approving a loan of Rs. 107220 to Manohar T N at an annual interest rate of 25.99% over 36 months, with processing fees of Rs. 4720 and penalties for late payments or prepayment outlined in the terms and conditions. It provides the customer name, address, sanction amount, interest rate, tenor, fees and charges associated with the loan.

Uploaded by

Manohar NM
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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DMI FINANCE PRIVATE LIMITED

SANCTION LETTER
Date: 2022-09-14

Customer Name: MANOHAR T N


Co-Borrower/Guarantor: NA
Address Detail: SO - Narayanappa,60,Tyayakana Halli,Bidaraguppe,
Bengaluru Karnataka India 562107

Dear Sir/Mam,

Please refer to your financial assistance application DMI0026343449 for a loan/line facility from DMI Finance
Pvt Ltd. We are happy to inform you that we have sanctioned a sum of Rs. 107220.00/- against your
application.
The following are the broad Terms & Conditions governing the financial assistance.

01 Sanction Amount 107220.00


02 Rate of Interest % P.A (Annualized) 25.99
03 Tenor (Months) 36
04 Processing Fees 4720.00
05 Insurance NA
06 Overdue Interest Rate/ Penal Charges 2% per month on overdue amount
07 Prepayment Charges 0-6 months: Not Allowed, 7-12 months: 4.5%, 13-18
months: 4.0%, 19-24 months: 3.5% on outstanding
principal + GST
08 Bounce Charges Rs-450 per dishonor
09 Sourcing Partner Finnable

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

Charges & deductions applicable to this loan are as mentioned in the application form and sanction letter.

DMI FINANCE PVT LTD.

This is a system generated letter and does not require any signature

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 - 93506 57100 (https://bit.ly/DMIFINWA)

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