SANCTION LETTER
User:MTSGLG00911
Business Date: 06/03/2024
Printed On (Date and Time):06/03/2024 04:36:56 PM
To,
Kasula Santhosh Kumar
Sub:Sanction Letter
Dear Sir/ Madam,
We are glad to inform you that the GOLD LOAN application no. 0605605124 with the below details is approved. Please convey your acceptance on this
sanction letter which is valid only for today i.e. 06/03/2024 failing which this sanction letter shall stand withdrawn unless otherwise extended by IDFC
FIRST Bank Limited. Upon acceptance of this sanction letter, bank will proceed for loan disbursement after completing the required transaction
documentations.
Loan Account 0605605124 Customer Name Kasula Santhosh Kumar
Loan Amount 97000.00 Installment Amount 109610.00
ROI(%) 13.00 Loan Type Term Loan
Repayment Plan RURAL-BULLET-80% Tenure 12
Sum of Received Charges 551.00 Credit Life Cover
Monthly Repayment Cycle 05 Disbursement Amount* 96450.00
Stamp Duty 200.00 Processing Fee 115.00
Interest Type Fixed Valuation Charges 236.00
SANCTION LETTER
*Interest (if any) will be deducted from Disbursement Amount
Foreclosure charges:
a. 2% of loan amount + applicable taxes if loan is foreclosed within 90 days of loan disbursal.
b. Nil charges in case loan is foreclosed post 90 days
Partpayment Charges:
a. Partpayment charges will be null% of the partpayment amount + Applicable taxes if payment is made within null days of loan disbursal.
b. Partpayment charges will be Nil in case payment is made after null days of loan disbursal.
Penal charges:
a. 24% p.a. on overdue amount or INR 300/- which ever is higher.
Sanction Conditions:
1. If your loan is on monthly interest payment plan, then the payment of monthly installment should be done on or before the due date.
2. Loan will be disbursed to customer only after successful execution of loan transaction documentation and on satisfactorily receipts of the loan document as intimated by IDFC FIRST Bank Limited.
3. Loan amount cannot be used for investment made in shares, debentures, advances and inter-corporate loans/ deposits to other companies (including subsidiary Companies).
4. The facilities are being extended at the sole discretion of and the terms and conditions as well as Rate of Interest would be subject to periodic review, amendment or modification.
5. Any other terms and conditions as stipulated by the bank from time to time.
The above sanction is a financial sanction and is subject to:
1. Valuation of Gold, Positive Internal Check and verification of the Gold being financed.
2. Execution of Loan Agreement and other documents between you and the bank as per Bank’s policy and format.
I/we have gone through schedule of charges in the Application form/website and are ok for this and also provide our consent for processing & disbursement of the loan.
We sincerely thank you for Preferring IDFC FIRST Bank Limited.
SANCTION LETTER
This is System Generated Document Hence No Signature required.
(Authorized Signatory)
IDFC FIRST Bank Limited
IDFC FIRST Bank
Naman Chambers,C32, G-Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400051 Tel: +91 22 42222000/ 61478383 Registered Office : KRM Towers, 8th Floor, No.1 Harrington Road, Chetpet, Chennai
600031 Tel: +91 44 45644000 Fax:+ 91 44 45644022. CIN: U65110TN2014PLC097792 info@idfcbank.com, www.idfcbank.com, customer care call center number : 1800-419-8332
