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Sanction Letter

This letter is from Sunita Finlease Limited sanctioning a personal loan of Rs. 3000 to Kiran V. The loan has a tenor of 15 days and an interest rate of 0.1% per day. The processing fee is Rs. 945 so the disbursement amount is Rs. 2055. The borrower can extend the loan tenure by paying an extension fee of Rs. 990, provided any overdue charges from a previous loan are cleared. Overdue charges after the due date are 3.125% per day up to the loan amount. The company reserves the right to cancel the application before disbursement or allow extensions.

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V Kiran
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2K views2 pages

Sanction Letter

This letter is from Sunita Finlease Limited sanctioning a personal loan of Rs. 3000 to Kiran V. The loan has a tenor of 15 days and an interest rate of 0.1% per day. The processing fee is Rs. 945 so the disbursement amount is Rs. 2055. The borrower can extend the loan tenure by paying an extension fee of Rs. 990, provided any overdue charges from a previous loan are cleared. Overdue charges after the due date are 3.125% per day up to the loan amount. The company reserves the right to cancel the application before disbursement or allow extensions.

Uploaded by

V Kiran
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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RBI Reg NBFC: Digital Lending

CIN: U65100CT1985PLC002706

Off: G.E.Road, Opp RKC, Adjoining Petrol Pump, Raipur-492010(CG) IN

SANCTION LETTER

Date: 16/03/2023

Application No: Cashearly

Name: KIRAN V

Address: KARNATAKA

Phone No: 8880501513

Subject: Application for Personal Loan;

Dear Sir/Madam,

We thank you for choosing Sunita Finlease Limited as your financial partner. With reference to your
loan application, we are pleased to offer you the loan as per the below mentioned terms and
conditions:

1. Particulars of Loan Sanctioned

Loan Type Personal Loan


Sanction Amount (Total) ₹3000
Loan Tenor 15 days
Payment Mode UPI/card
Rate of Interest and type of 0.1%/day
Interest*
Processing Fees ₹945
Sanction Letter Validity Until the repayment of
outstanding fee repaid
Disbursment amount ₹2055
Overdue Charges 3.125% per day after the due
date of repayment and maximum
upto the loan amount.
Loan extension charges ( if any) ₹990

* Overdue charge includes Delayed Interest and Late Penalty as stipulated in the Loan Agreement

* As per the Market conditions prevalent at the time of disbursement

2. The company reserves the right to grant a provision where the borrower can extend the tenure of
the loan with the applicable processing fee provided the borrower clears all the overdue charges if
any pending with the last loan transaction before applying for an extension.

3. The company reserves the right to cancel the Application on valid grounds before the disbursement
of Loan Amount as mentioned.
4. This is computer generated letter and does not require any signature.

We request you to please acknowledge and return the duplicate copy of this sanction letter as a token
of having acceptance of terms and conditions.

For, Sunita Finlease Limited

Rakesh Gupta

DIRECTOR

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