0% found this document useful (0 votes)
385 views6 pagesSanction Letter of Loan
Lstp ghuio lkhunij
Uploaded by
Demo manCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
0% found this document useful (0 votes)
385 views6 pagesSanction Letter of Loan
Lstp ghuio lkhunij
Uploaded by
Demo manCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
/ 6
BAJAJ
FINSERV
Bajaj Finance Limited ("BFL") - SANCTION LETTER
Reterence No; SMEOOO00 5562243
pate: 21/12/2022
To, SAYANDEEP NURSING ~HOME .
AGAR Pos
N BHUPATIN
STATION pouzA IGG PAM N38
Address: VILLAGE BATKUL PARA BASKUL POLICE
E KISMAT BASKUL
Contact No. 2434 310297 ON fates 5
kind att: RUPALI BARMAN /SvRATIT SARIT BARMAN
‘Subject : Sanction of loan against Medical Equipment from Bajaj Finance Limited
Dear Sir/Madam,
We thank you for choosing 83jaj Finance Limited (“BFL” which expression shall include our successors, transferees,
novatees and assiqns) as your financial partner and look forward to an enduring relationship with you.
We, are pleased to sanction you a Medical Equipment finance for an amount detailed below) subject to terms and conditions set,
out in this letter (“Sanction Letter") and execution of the loan documents between you, jc. the “Borrower” and BFL and
submission of other required documents detailed below,
TERMS AND CONDITIONS
Name of Applicants (s) SAYANDEEP NURSING HOME
iit JRUPALI BARMAN /SURASIT SARIT BARMAN |
Name of Guarantor(s), if any. Personal/Corporate Guarantee - |
1,
2.
‘medical Equipment Provider S| SURGICAL CoRPORATION
Type of Loan New LOAN
Loan Variant Flexi Hybrid Loan [ ] Flexi Term Loan [ }
Term Loan [YO instalment Holiday Loan [ ]
Gross loan amount including VAS | Not exceeding =_! 2 D4 10
‘amount, Insurance Premium, Flexi
Fees and Processing Fees
Loan Tenure (in months) Teifm Loan/Flexi Term toan- TO MONTHS
Hybrid Flexi Loan:
a) Initial Tenure ~
b) Subsequent Tenure -
Instalment Holiday Loan:
a) Initial Tenure -
b) Loan tenure post instalment Holiday Tenure.
Principal instalment Holiday Loan:
a) Principal instalment Holiday Tenure -
b) Loan tenure post Principal Instalment Holiday Tenure ~
Purpose of Loan EQUIPMENT PURCHASE
Interest Type Fixed
BFL/MEF/ Phy/Agif/Al/Eng/Nov 2022/V.2 ‘Method of computation of
Interest rate
Annualized Interest Rate (% p.a.)
Written Down Value Method
CIRR- 0-007 BIRR - 9%
Default/Penal interest
Delay in payment of Monthly instalment shall attract penal interest at the rate of
3.50% per month on the Monthly instalment outstanding, from the respective
due date until the date of receipt.
Interest Rate Methodology
Interest rate applicable for Business Loan and Professional Loans may vary basis BFS
internal cresit and risk policy and as per an algorithmic multivariate score card which
includes following variables (the variable ist mentioned below is not exhaustive)
(@) Interest rate tsk. (lixed vs floating loan)
(b) Credit and default risk in the related business segment |
(0) Historical performance of similar homogenous client
(d) Profile of the borrower
(e) Industry segment
() Repayment track record of the borrower
(a) Nature and value of collateral security
(h) Secured vs unsecured loan
(i) Subvention available |
() Ticket size of loan
(&) Bureau score
() Tenor of loan
(mm) Location delinquency and collection performance
(n) Customer Indebtedness (other exiting loans)
The aforesaid variables ray be revised from time to time as per the Lender's past
performance in a given loan portfolio. |
‘Monthly instalment/Equated
‘Monthly instalment (EM)” (In ®)
Teitf Loan/Flexi Term Loan- [2 D¢ It
Hybrid Flexi Loan:
2) EMI for initial tenure -
b) EMI for Subsequent Tenure ~
Instalment Holiday Loan:
2) EMI for Initial Tenure -
b) EMI for Loan tenure post instalment Holiday Tenure
Principal instalment Holiday Loan:
2) EMI for Principal Instalment Holiday Tenure -
) EMI for Loan tenure post Principal Instalment Holiday Tenure ~
oan Repayment (Amortization)
schedule
Detailed loan repayment schedule covering EMI dates with bifurcation of principal and
interest component will be shared in Welcome Letter and same can be accessed through
customer portal ~Experia’. Welcome Letter will be shared post creation of loan account.
Fees & Charges deducted from
Loan Amount
Processing fees (Inclusive of
applicable taxes) 22090
Flexi Fees NIL
vas
Financial Fitness Report (if availed) | 1999/-
Groupe Life Insurance Premium
‘Groupe General insurance Premium
F/M, Phy/AgI/AL/Eog/ Nov 2022/02 ‘Stamp Outy Charges (As applicable
Lender
2a per respective state laws) 20
| Fees & charges Applied by Pre-Payment charges
Full Pre-payment NIL
Part Pre-payment NIL -
[ Annual Maintenance charge —_
Flexi Term Loan (Flexi Dropline) NIL
Flexi Hybrid Loan NIL
Processing fees
Upto 2.95% (inclusive of applicable taxes)
applicable on loan amount. Loan amount includes
approved loan amount, insurance premium , VAS
charges , and Flexi Fees
Bounce charges
—__ ES
Broken Period Interest /Pre-EM
interest
{In case of default of repayment instrument
%1500/- willbe levied |
| "Broken Period Interest/Pre EMl-Interest” shall
mean the amount of interest on Loan for the
number of day(s) which is(are)
Scenario 1 Over and above the petiod of 30
(thirty) days from the date of disbursement of
the Loan
Method of recovery of Broken Period
Interest/Pre-EMi Interest
For Term Loan: Deduct from disbursement
For Flexi Term Loan: Added to fist instalment
amount |
For Hybrid Flexi Loan; Added to frst instalment
‘amount
‘Scenario 2: Less than period of 30 (thirty) days
‘rom the date of disbursement of the Loan,
Interest on fist instalment will be charged for
‘actual number of days
Mandate Rejection Charge
%450/- per month from the first month of due
date for mandate rejected by customer's bank
Until the new mandate is registered
‘Additional ces5/ taxes, if any, will be applicable on all charges as per the respective State
Laws as may be applicable from time to time.
The aforementioned charges/fees may be modified by Bajaj Finance Limited from time
to time upon prior intimation via Acceptable Means of Communication from Bajaj Finance
Limited in this regard. To view the updated charges, please visit
https://www-bajaifinserv.in/al-fees-and-charges Further, unless otherwise specified by
the Lender in writing, all fees/charges paid by the Borrower to the Lender in furtherance
of disbursement of the Loan shall be non- refundable, irrespective of cancellation.
Sanction Letter Validity
The sanction is valid for a period of 60 days from the date of this sanction letter.
‘Medical Equipment Details
Name and Details of Products
IPYALISIS MACHINE [eo puant
‘Model Number of Product
BAYS
Performa Invoice Number/ Purchase |