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Welcome Letter

This document is a welcome letter from Hero FinCorp to Mr. Ramesh Kumar Kamro regarding his two-wheeler loan account. It confirms the disbursement of the loan amount of Rs. 48,000 and includes details about the repayment schedule, charges, and contact information for customer support. The letter emphasizes the importance of timely EMI payments to avoid penalties.
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0% found this document useful (0 votes)
26 views4 pages

Welcome Letter

This document is a welcome letter from Hero FinCorp to Mr. Ramesh Kumar Kamro regarding his two-wheeler loan account. It confirms the disbursement of the loan amount of Rs. 48,000 and includes details about the repayment schedule, charges, and contact information for customer support. The letter emphasizes the importance of timely EMI payments to avoid penalties.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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To, Date- 14-01-2025

MR.RAMESH KUMAR KAMRO


BAHURA
BAHURA
BAHUAR
SONBHADRA-231216
UTTAR PRADESH
7607640487

Subject: Welcome to Hero FinCorp Family

Reference Your Two Wheeler Loan Account No. MZATWL00100004424056

Dear MR.RAMESH KUMAR KAMRO,

We welcome you to Hero FinCorp Limited "HFCL" and wish to thank you for choosing us as your preferred Financial
Institution.

We are pleased to confirm that your loan amount mentioned in Schedule 1 has already been disbursed as per your request.
We are delighted to provide solutions to your financial needs and hope to make your experience a memorable one.

For your ready reference, we enclose the documents pertaining to your Two Wheeler Loan in the following schedule;

Schedule 1 - Your loan details for future reference


Schedule 2 - The Repayment Schedule for your loan, which will assist you in tracking the EMI Due Dates and
Outstanding Loan Amount
Annexure - Charge Schedule
We look forward to an excellent relationship with you ahead.

For any queries related to your loan relationship, please contact us on the below mentioned channels:

1. Hero Fincorp Service Mobile App-


Android : - https://play.google.com/store/apps/details?id=com.customer.herofincorp&hl=en

IOS : - https://apps.apple.com/us/app/hero-fincorp-servicing-app/id1510121935

2. Hero Fincorp WhatsApp Service Number- (9289386204)

WhatsApp Link: https://wa.me/919289386204?text=Hi

1800-102-4145

customer.care@herofincorp.com

Write to us:
Hero FinCorp Limited,
A-44, Mohan Co-Operative Industrial Estate,
Mathura Road,
New Delhi - 110044
India

THIS IS A COMPUTER GENERATED LETTER, HENCE DOES NOT REQUIRE SIGNATURE

Hero FinCorp Ltd.


A-44 , Mohan Co-Operative Industrial Estate, Mathura Road ,New Delhi 110044 India
Phones: +91-11-49487150, Fax: +91-11-49487197,+91-11-49487198
CIN: U74899DL1991PLC046774
Schedule 1

Please note that as per the terms of the loan agreement signed between you and Hero FinCorp Ltd, repayment shall be
made through EMIs

The disbursement details are as follows:

1 Application ID 5880407
2 Loan Account Number MZATWL00100004424056
3 Loan Amount (Rs.) 48,000.00
4 Disbursal Date 2019-08-28
5 EMI Amount (Rs.) 2,100.00
6 EMI Start Date 2019-10-08
7 EMI End Date 2022-03-08
8 Gross Tenure (months) 30
9 Net Tenure (months) 30
10 Advance EMI Count 0
11 Advance EMI Amount 0.00
12 Rate of Interest (%) 12.50
13 First EMI Due On 2019-10-08
14 Maturity Date 2022-03-08
15 Down Payment Amount (Rs.) 36,772.00
16 Processing Fee (Rs.) 1,440.00
17 PDC/ECS/ADM Charge (Rs.) 400.00
18 Document Charges (Rs.) 1,200.00
19 Ex-Showroom Price (Rs.) 60,700.00
20 On-Road Price (Rs.) 74,598.00
21 Insurance Amount (Rs.) 0.00
22 RTO Charges (Rs.) 7,925.00
23 GST 0/-
24 Vehicle Make SUPER SPLENDOR

Please ensure your bank account has sufficient balance till your EMI is cleared for the month
As mentioned in the loan agreement, all the repayment of dues will need to be paid by the due date to avoid bouncing and
penal charges
Incase your EMI is unfortunately returned unpaid from your banker then the same should be paid through the below
mentioned channels
A. Visit our website www.herofincorp.com or Click Here

B. Please obtain e-receipt from the Collection representatives duly authorized by Hero FinCorp Ltd. against cash payment
made.

Hero FinCorp Ltd.


A-44 , Mohan Co-Operative Industrial Estate, Mathura Road ,New Delhi 110044 India
Phones: +91-11-49487150, Fax: +91-11-49487197,+91-11-49487198
CIN: U74899DL1991PLC046774
Schedule 2
Repayment Schedule Two Wheeler Loan Account No. MZATWL00100004424056

Opening Principal Interest Outstanding


EMI No Due Date Principal EMI Amount Portion Portion Principal
1 2019-10-08 48,000.00 2,100.00 942.00 1,158.00 47,058.00
2 2019-11-08 47,058.00 2,100.00 1,248.00 852.00 45,810.00
3 2019-12-08 45,810.00 2,100.00 1,271.00 829.00 44,539.00
4 2020-01-08 44,539.00 2,100.00 1,294.00 806.00 43,245.00
5 2020-02-08 43,245.00 2,100.00 1,317.00 783.00 41,928.00
6 2020-03-08 41,928.00 2,100.00 1,341.00 759.00 40,587.00
7 2020-04-08 40,587.00 2,100.00 1,366.00 734.00 39,221.00
8 2020-05-08 39,221.00 2,100.00 1,390.00 710.00 37,831.00
9 2020-06-08 37,831.00 2,100.00 1,415.00 685.00 36,416.00
10 2020-07-08 36,416.00 2,100.00 1,441.00 659.00 34,975.00
11 2020-08-08 34,975.00 2,100.00 1,467.00 633.00 33,508.00
12 2020-09-08 33,508.00 2,100.00 1,494.00 606.00 32,014.00
13 2020-10-08 32,014.00 2,100.00 1,521.00 579.00 30,493.00
14 2020-11-08 30,493.00 2,100.00 1,548.00 552.00 28,945.00
15 2020-12-08 28,945.00 2,100.00 1,576.00 524.00 27,369.00
16 2021-01-08 27,369.00 2,100.00 1,605.00 495.00 25,764.00
17 2021-02-08 25,764.00 2,100.00 1,634.00 466.00 24,130.00
18 2021-03-08 24,130.00 2,100.00 1,663.00 437.00 22,467.00
19 2021-04-08 22,467.00 2,100.00 1,693.00 407.00 20,774.00
20 2021-05-08 20,774.00 2,100.00 1,724.00 376.00 19,050.00
21 2021-06-08 19,050.00 2,100.00 1,755.00 345.00 17,295.00
22 2021-07-08 17,295.00 2,100.00 1,787.00 313.00 15,508.00
23 2021-08-08 15,508.00 2,100.00 1,819.00 281.00 13,689.00
24 2021-09-08 13,689.00 2,100.00 1,852.00 248.00 11,837.00
25 2021-10-08 11,837.00 2,100.00 1,885.00 215.00 9,952.00
26 2021-11-08 9,952.00 2,100.00 1,920.00 180.00 8,032.00
27 2021-12-08 8,032.00 2,100.00 1,954.00 146.00 6,078.00
28 2022-01-08 6,078.00 2,100.00 1,990.00 110.00 4,088.00
29 2022-02-08 4,088.00 2,100.00 2,026.00 74.00 2,062.00
30 2022-03-08 2,062.00 2,100.00 2,062.00 38.00 0.00
Total 63,000.00 48,000.00 15,000.00

Hero FinCorp Ltd.


A-44 , Mohan Co-Operative Industrial Estate, Mathura Road ,New Delhi 110044 India
Phones: +91-11-49487150, Fax: +91-11-49487197,+91-11-49487198
CIN: U74899DL1991PLC046774
ANNEXURE - CHARGE SCHEDULE

Transaction Charges in (Rs)

Pre-payment 5% of Principal Outstanding

Pre-payment (before 6 months) Within 6 (six) months from date of disbursement, interest on
loan amount for 6 (six) months plus prepayment charges

*Cheque / ECS Dishonor Charges (per instrument) Rs. 500/- (Rupees Five Hundred Only)

Delayed Payment Charges 3% per month of Overdue Amount

Legal, Repossession & Incidental Charges At actual

*NOTE: Charges which are in nature of fees are inclusive of GST

Used Car Loans


Hero FinCorp is a best-in-class provider of
financial solutions for both certified & non-
certified used cars

Click here to know more

Hero FinCorp Ltd.


A-44 , Mohan Co-Operative Industrial Estate, Mathura Road ,New Delhi 110044 India
Phones: +91-11-49487150, Fax: +91-11-49487197,+91-11-49487198
CIN: U74899DL1991PLC046774

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