SANCTION LETTER Two Wheeler Loan
Date Reference No. Loan Validity
December 16, 2024 MLP000089710338 January 12, 2025
ASUTOSH PAL
CHHOTAPADA JARADA DHENKANALNEAR RAM 9668167849
TEMPLE DHENKANAL INDIA - 759021 ASUTOSHPAL784@GMAIL.COM
Dear ASUTOSH PAL,
With reference to the application for the two wheeler loan submitted by you, we are pleased to sanction
the two wheeler loan as per the following terms and conditions:
LOAN DETAILS:
Two Wheeler Make &
Model HONDA Unicorn STD Net Disbursement INR 81891
Loan Amount INR 85963 Processing Fee INR 2149
Interest Rate 25.0 %* Stamp Duty INR 10
Tenure 24 Months Documentation Charges INR 750
EMI INR 4588 RC Charges INR 200
General Insurance INR 963 **Early Closure Charges 5%
Penal Charges: *Financial Default: 8% p.a. above
applicable interest rate on the overdue amount (subject to
the aggregate not exceeding 24% per instance) **Part Payment Charges 5%
Terms and Conditions:
1. Goods and Services Tax (GST), as applicable, will be levied.
2. There shall be no capitalisation of Penal Charges.
3. *Financial Default includes all types of payment of financial defaults/irregularities with respect to your Loan Account.
Signature Not Verified
Signed by : DS AXIS BANK LIMITED 02
Reason : I, SUKESH K V, am digitally signing this document
Location : Mumbai
Date : 2024-12-16 12:27:15 IST
SANCTION LETTER Two Wheeler Loan
The following are the additional terms and conditions to be complied with by you:
1. This sanction letter shall remain in force/valid only till the date mentioned in the journey irrespective of
rework.
2. The sanction is subject to no change in the underlying asset such as make/model/variant, city of purchase
and loan details.
3. In case of modification of any details submitted, it will automatically revoke the existing sanction letter.
4. The sanction Letter is subject to KYC compliance of the customer as per regulatory guidelines.
5. The sanction letter is subject to no change in customer demographic details available with the bank.
6. Rate of Interest along with other charges will be as applicable at the time of disbursement.
7. This must not be treated as a “delivery order” in respect of the vehicle. It is assumed that you have
inspected the vehicle and satisfied yourself of the quality thereof. Bank will not be liable for any defect or
delay in delivery or any service issue concerning the Dealer/Regional Transport Office/Insurance
Company or any other intermediary involved in the deal.
8. Bank shall not be liable for any failure to perform its obligations where such a failure is due to
circumstances beyond control of the bank.
9. The above sanctioned loan amount will be used for purchasing two wheeler for Personal use only.
10. The Sanctioning of loan facility and its disbursal is at sole discretion of the axis bank.
11. For customers who have declared ownership of residence property while availing sanction, the sanction
letter is subject to submission of valid house ownership proof before disbursement.
12. Axis Bank has a nationwide tie-up with TATA AIG as an insurance service provider for securing loan under
Group EMI Protect policy.
13. The no objection certificate/ no dues certificate shall be provided to you within 30 days of full repayment /
settlement of the loan account.
14. In case of incident(s) of settlement / write-off or any other pending legal/ recovery proceedings associated
with defaulted borrower(s) the no objection certificate/ no dues certificate will be provided to you within
30 days of date of receipt of document(s)/ order(s) from the relevant court / regulatory / statutory
authorities by the Bank.
15. In case you approach us for the balance transfer / takeover of the loan by another lender, we will provide
the no objection certificate/ no dues certificate to such lender within 30 days from the date of receipt of
Signature Not Verified
fund for full and final settlement of the outstanding dues in the loan account. Signed by : DS AXIS BANK LIMITED 02
Reason : I, SUKESH K V, am digitally signing this document
Location : Mumbai
Date : 2024-12-16 12:27:15 IST
SANCTION LETTER Two Wheeler Loan
Call Us On Visit: Visit us at the nearest
1860 419 5555 or 500 5555 www.axisbank.com/support Loan centre: Locate Now
(local changes apply)
Download Axis Mobile: Register on Axis Internet Banking
SMS MBANK to 5676782 from Use your Customer ID and registered
your registered mobile number mobile number on www.axisbank.com
Signature Not Verified
Signed by : DS AXIS BANK LIMITED 02
Reason : I, SUKESH K V, am digitally signing this document
Location : Mumbai
Date : 2024-12-16 12:27:15 IST
