PUBLIC
Sanction Letter
Your Loan Application umber: T07132110424101806
Customer Details Product Details
Name: Jasbir Yadav
Product: NIP
Address: village ShikopurShikohpur, Gugaon
Mobile Number: +91- 8295298217
Email ID:
Co-borrower Name:
Co-borrower Address:
Dear Sir/ Madam,
With reference to your Loan applicaton, we are pleased to inform you that your Loan request has been sanctoned by L&T
Finance Limited (formerly known as L&T Finance Holdings Limited) subject to the following:
Sanctioned Amount Not exceeding Rs.97812.00 Ninety
Seven Thousand Eight Hundred
Twelve Rupees Only Only
Finalised Loan Amount Rs. 97812.00 Ninety Seven Thousand
Eight Hundred Twelve Rupees Only
Only
Purpose of Loan Purchase of Two Wheeler
Tenure 36 Months
Annualised Interest Rate % 21.14 % p.a.
Interest Rate Determination To get informaton on the Interest rate model and gradaton of risk, click
https://bit.ly/LTFIInterestRateModel
Schedule of Charges To get informaton on the fees & charges applicable for your loan account,
click https://bit.ly/UpdatedISOC
Type of Interest Fixed
EMI in Rs. (Monthly) Rs. 3818.00
First EMI Date 2024-06-03
Last EMI Date 2027-05-03
Total Fees & Charges^ Rs. 9115.00
Prepayment Charges o prepayment shall be allowed till 6 (six) months from Disbursement
Full/Part Prepayment shall be allowed subject to payment of Prepayment
Charges at 5 % of prepaid amount + applicable taxes
Penal / Late Payment Charges The delay in payment of EMls/Interest or any other dues shall render the
Borrower liable to pay Penal/Late Payment charges of 2% per month on
L&T Finance Ltd.
Registered Office
Brindavan, Plot No. 177, Telephone no.:+917264888777
C.S.T Road, Kalina, Email: customercare@ltfs.com
Santacruz (East), Mumbai, www.ltfs.com
Maharashtra - 400098, India CIN: L67120MH2008PLC181833
*All loans originated and serviced by and at the discretion of L&T Finance Ltd.
PUBLIC
overdue EMI + applicable taxes at such rate as per the Schedule of fees and
charges of the Lender, as in force from tme to tme
Classification of Assets & Example of SMA/ PA 1. As per the RBI IRACP Norms and applicable laws, the Lender shall classify the
classification Loan as SMA or NPA on the relevant due date in accordance with the day-end
process followed by the Lender. The SMA or NPA classifcaton date and asset
classifcaton status of the Loan shall be as on the date of the Lender’ day-end
process for the said Loan.
2. For the purpose of clarity statng below an example:
“If the due date of a loan account is March 31, 2021, and full dues are not
received before the lending insttuton runs the day-end process for this date,
the date of overdue shall be March 31, 2021. If it contnues to remain overdue,
then this account shall get tagged as SMA-1 upon running the day-end process
on April 30, 2021 i.e., upon completon of 30 days of being contnuously
overdue. Accordingly, the date of SMA-1 classifcaton for that account shall be
April 30, 2021. Similarly, if the account contnues to remain overdue, it shall get
tagged as SMA- 2 upon running day-end process on May 30, 2021 and if it
contnues to remain overdue further, it shall get classifed as NPA upon running
day-end process on June 29, 2021."
Default and Consequences Upon the Borrower being in breach of the representatons, warrantes,
covenants or any other terms and conditons of the loan agreement OR on non-
payment of any EMI and/or any other charges or amounts due for payment, the
Company shall inter alia have the right to proceed with the following actons, in
a sequence and manner as deemed suitable by the Company”:
1. Require the entre outstanding Loan Amount and other charges, as payable,
to be immediately payable to the lender;
2. Identfy the loan account to be in default and the Borrower and Co-Borrowers
as defaulters.
3. Take necessary steps to share the details of the loan and non-payment of EMI
with agencies mandated to receive such informaton as records, and to any
professional body with which the Borrower is aligned or registered.
4. Appoint lawyers to pursue the recovery of the loan amount and other
charges in a relevant legal forum.
5. Appoint an arbitrator as per the terms of the loan agreement.
The disbursement shall be subject to the executon of the loan agreement or any other documents as advised by the Lender and
compliance of the terms and conditons therein. The Lender reserves the right, without assuming any liability and without any prior
notce, to cancel the loan if the requisite compliance iincluding documentsi as communicated by the Lender are not complied with.
The Borrower authorizes the Lender to share, without any further notce, the informaton and details of the Borrower shared by the
Borrower with the Lender, pursuant to this Loan, their repayment history, for the purposes of customer verifcaton, personalizaton of
products or services, credit ratng, data enrichment, marketng or promoton of the Lender’s or related products, with its group
companies, service providers, partners, banks, fnancial insttutons, credit bureaus, statutory authorites and regulatory bodies, etc.
Repayment Schedule shall be drawn based on the above terms and shared with the Borrower along with the welcome kit afer
disbursement of the Loan. BPC iBroken Period Chargesi will be a fat amount as mentoned above & net disbursement amount will be
derived post deducton of applicable fees and charges.
L&T Finance Ltd.
Registered Office
Brindavan, Plot No. 177, Telephone no.:+917264888777
C.S.T Road, Kalina, Email: customercare@ltfs.com
Santacruz (East), Mumbai, www.ltfs.com
Maharashtra - 400098, India CIN: L67120MH2008PLC181833
*All loans originated and serviced by and at the discretion of L&T Finance Ltd.
PUBLIC
Please submit your post-sancton documents for disbursement. We look forward to a mutually benefcial and long-term
relatonship.
*Efectve rate will vary +0.5% depending on actual date of disbursement.”
*The charges may change as per the discreton of the company.’
*The fnal instalment amount will be communicated afer the fnal disbursement mentoned in the welcome kit.
^The total fees and charges include Broken Period Charge, Processing Fees inon-refundablei, ECS, CLI Insurance premium,
EMI Protect premium and any other charges as applicable.
*The sancton letter is valid for 30 Days from the date of frst login 2024-04-11 10:19:13 of app no T07132110424101806.
For any service related requirement, you may reach out to our dedicated customer service help desk number: + 91 7264888777
or email id: customercare@lts.com
In case you are not satsfed with the resoluton ofered afer reaching out to our above-mentoned service team, you may
further reach out to us at https://www.lts.com/grievance-redressal
Regards,
L&T Finance Limited
*This is a system generated letter and hence does not require any signature*
L&T Finance Ltd.
Registered Office
Brindavan, Plot No. 177, Telephone no.:+917264888777
C.S.T Road, Kalina, Email: customercare@ltfs.com
Santacruz (East), Mumbai, www.ltfs.com
Maharashtra - 400098, India CIN: L67120MH2008PLC181833
*All loans originated and serviced by and at the discretion of L&T Finance Ltd.
