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Sanction Letter

Mr. Sanjay Gupta's car loan application from ICICI Bank has been approved. The loan amount is Rs. 25,00,000 with a tenure of 120 months at an interest rate applicable as per the bank's website. The loan disbursement requires documents including KYC, signed loan agreement, insurance, and invoice. The sanction letter is valid for 7 days and subject to terms and conditions.

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0% found this document useful (0 votes)
5K views1 page

Sanction Letter

Mr. Sanjay Gupta's car loan application from ICICI Bank has been approved. The loan amount is Rs. 25,00,000 with a tenure of 120 months at an interest rate applicable as per the bank's website. The loan disbursement requires documents including KYC, signed loan agreement, insurance, and invoice. The sanction letter is valid for 7 days and subject to terms and conditions.

Uploaded by

Sanjay Gupta
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Date: 25/02/2024

Ref.No: AL1708826414693
Name: MR . SANJAY GUPTA
Address: ANGUL
ORISSA
759145
APPROVAL LETTER FOR YOUR CAR LOAN
Dear MR. SANJAY GUPTA

Your ICICI Bank Car Loan Ref No AL1708826414693 has been approved for the purchase of New Car as per the details given
below:

Loan amount Tenure (in months)


2500000.0 120
Interest rate & charges will be applicable as per mentioned on the bank's website. Your loan will be disbursed upon receipt of the
following document:
1. Know Your Customer (KYC) documents.
2. Stamped Credit Facility Application Form (CFAF), Agreement Booklet at the dealer/ at the nearest ICICI Bank branch.
3. Repayment mandates/ instruments, Margin Money Receipt (MMR), Proforma Invoice and Insurance Cover Note (ICN) with
hypothecation in favour of ICICI Bank Ltd.
This sanction letter is valid for a maximum of 7days from the date of issue and is subject to terms & conditions stated above.Any
change in terms & conditions would require a fresh sanction letter.
This Pre-Approved (PA) offer will be extended to Used Car - Sale Purchase purpose and eligibility would be 80% of the offer
amount.Offer amount* will vary subject to valuation* of the Used Car. Maximum tenor will be upto 48 months or lower. *T&C apply.
This offer letter must not be treated as a ‘delivery order’ in respect to the vehicle. ICICI Bank will not be liable for any defect or
delay in delivery or for any service issue concerning the dealer/ Regional Transport Office/insurance company or any other
intermediary involved in the deal.
The vehicle has to be registered as per the address mentioned in the address proof submitted to the Bank aspart of KYC
documentation.
ICICI Bank shall not be liable for any failure to perform its obligations where such a failure is due to circumstances beyond the
control of the bank.
ICICI Bank shall be entitled to revoke the application before the execution of CFAF along with other ancillary documents in
connection with the Facility, interalia, in any of the following circumstances:
1. There is any material change in the purpose(s) for which the Facility has been applied for.
2. In the sole judgment of ICICI Bank, any material fact has been inconsistent or concealed or is subsequently known.
3. Any statement made by or on your behalf in your application or otherwise, is incorrect, incomplete or misleading.
In case you require any further information, you may write to us at customer.care@icicibank.com or visit the nearest ICICI Bank
branch.
Next Steps :
1. Visit branch or dealership
2. Show your sanction letter
3. Submit above mentioned documents
Looking forward to more opportunities to be of service to you.
Sincerely,
Team ICICI Bank

This is a computer generated advice and does not require any signature.

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