Date: 13-06-2023
To,
Brjjesh Mishra
5/0: Mohan Mishra, Ward No. 13, 1 Police Line, Shajapur, Madhya Pradesh
shajapur Police Line Madhya Pradesh Uniqueidentificationauthorityofindia 465001,
Subject: Sanction letter/approval for Loan
Dear Mr. Brjjesh Mishra,
We are pleased to inform you that you are eligible for a loan facility from us as per the following terms :
Sr.No. Particulars Details
1. Agreement Number APSPRI0197392
2. Loan application date 12-06-2023
3. Loan Agreement date 13-06-2023
4. Details of the Lender Transactree Technologies Pvt Ltd
5. Name of the Borrower Brjjesh Mishra
6. Purpose of the loan Solar and Rooftop Solutions
7. (i) Transaction Amount ₹ 3,45,000.00/- (Rupees Three Lakh Forty Five Thousand only )
8. (ii) Down Payment ₹ 69,000.00 /- (Rupees Sixty Nine Thousand only )
(iii) Loan amount (amount
9. disbursed/to be disbursed to the ₹ 2,76,000.00 /- (Rupees Two Lakh Seventy Six Thousand only )
borrower) (i) - (ii)
(iv) Total interest charge during the
10. ₹ 6,900.00/- (Rupees Six Thousand Nine Hundred only )
entire tenor of the loan
11. (v) Rate of Interest 5 % / (Flat Balance Amount (Annualized))
12. (vi) Net disbursed amount (iii) ₹ 2,76,000.00/- (Rupees Two Lakh Seventy Six Thousand only )
(vii) Processing fees (including
13. ₹ 3,450/- (Rupees Three Thousand Four Hundred and Fifty only )
GST), if any
Total amount to be paid by the ₹ 286,350/- (Rupees Two Lakh Eighty Six Thousand Three Hundred
14.
borrower (iv) + (vi) + (vii) and Fifty only )
Annual Percentage Rate - Effective
15. 12.9%
annualized interest rate
Amount of each installment of ₹ 47,150/- (Rupees Forty Seven Thousand One Hundred and Fifty only
16.
repayment )
17. First Installment due date 2023-07-05
18. Tenor of the Loan (in months/days) 6 months
Repayment frequency by the
19. Monthly
borrower
Number of installments of
20. 6 Installments
repayment
21. Prepayment charges Zero
Details about Contingent Charges
Rate of annualized penal charges in
22. 54.75% on outstanding amount
case of delayed payments (if any)
₹ 300/- per late payment OR dishonor of cheque/ECS/NACH per
Late Payments /Cheque /ECS
23. presentation. Two successive cheque bounces/ auto debit failure will
/NACH dishonoured charges
lead to loan recall notice being issued
Other disclosures
Cooling off/look-up period during
which borrower shall not be
24. 4 days
charged any penalty on
prepayment of loan
Details of LSP acting as recovery
25. agent and authorized to approach https://creditfair.in/list-of-lsp
the borrower
Name: Shraddha Mandlik
Name, Designation, Address and Designation: Grievance Redressal Officer Address: Grievance
Phone number of nodal grievance Redressal Officer Surya Mahal, 4th Floor, 5 Bhurjorji Bharucha Marg,
redressal officer designated Mumbai- 400001
26.
specifically to deal with FinTech/ Telephone no.: +91 9137504870
digital lending related complaints/ E-mail ID.: grievance@creditfair.in
issues https://creditfair.in/grievance-policy
We are collecting 2 undated cheques. One of Loan Amount & one
Undated Cheques & Cash Security Cheque of EMI Amount. Unused cheques will be shredded at
27.
Collection our end after successful repayment of the loan. Any cash collection
would include additional Rs 400 per pick up.
Name: [APS ENTERPRISES ] (APS ENTERPRISES)
28. Details of the Merchant Address: Ce-24 A, Gyansheela Supercity, A.b. Road, Indore, Indore,
Madhya Pradesh, 452010
General Terms and Conditions registered on the 01/11/2015 with the
SubRegistrar of Assurances Delhi, Vide registration no. 1 in Book No. -
29. General Terms and Conditions Vol. No. -from pages 1 to 4 will be applicable for the Loan availed by
the Borrower. The same shall form part and parcel of this Most
Important Document https://creditfair.in/privacy-policy
Merchant Refunds & Loan In case of a return of a purchase to a merchant, a cancellation charge
30.
Cancellations of 1.4% per month on outstanding principal would be payable.
The terms of this loan sanction shall also be governed by General Terms and Conditions, which you may kindly read before confirming your acceptance.
The said documents are incorporated here by way this reference, Borrower's acceptance to the terms of this letter and the General Terms and Conditions
should be informed to the Lender by submission of a signed copy of the Most Important Document with the terms understood by the Borrowers. Further,
each of the Borrowers shall be jointly and severely responsible for compliance to the terms of this loan sanction and for repayment of the loan amount
disbursed.
This sanction letter will only be a letter of offer and shall stand revoked and cancelled, if there are any material changes in the proposal for which the Loan
is sanctioned or; If any event occurs which, in our sole opinion is prejudicial to our interest or is likely to affect the financial condition of the Borrowers or
his / her/ their ability to perform any obligations under the loan or; any statement made in the loan application or representation made is found to be
incorrect or untrue or material fact has concealed or; upon completion of the validity period of 3 days of this offer unless extended by us in writing.
Principal Amount is ₹ 2,76,000.00
Best Regards,
Shraddha Mandlik
* 5% p.a. (Flat Balance Amount) OR 8.52% reducing balance rate
Transactree Technologies Pvt Ltd CREDIT FAI₹
Non Banking Finance Company . CIN No. U65900DL2015PTC285968 SURYA MAHAL, 4TH FLOOR, 5 BURJORJI
Lendbox, Second Floor, L-92, Outer Ring Rd, Baba Gangnath Market, Munirka BHARUCHA MARG | FORT | MUMBAI 400001
https://www.lendbox.in/ | kritarth@lendbox.in www.creditfair.in | info@creditfair.in | 9967235047
