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IDFC Sanction Letter

IDFC FIRST Bank has conditionally sanctioned a Two-Wheeler loan of ₹1,12,000 for Ajay Behera, valid for 30 days. The actual disbursement is contingent upon the submission of required documents and the bank's discretion. The letter outlines terms and conditions, including the bank's right to revoke the sanction under certain circumstances.

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202 views1 page

IDFC Sanction Letter

IDFC FIRST Bank has conditionally sanctioned a Two-Wheeler loan of ₹1,12,000 for Ajay Behera, valid for 30 days. The actual disbursement is contingent upon the submission of required documents and the bank's discretion. The letter outlines terms and conditions, including the bank's right to revoke the sanction under certain circumstances.

Uploaded by

beheramahesh296
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Sanction Letter

(Please show this letter to an IDFC FIRST Bank representative at the dealership)

Loan Application Reference No.: 90012424792 Date: 12/11/2024

Dear Ajay Behera, IDFC FIRST Bank is pleased to inform you that, with reference to the above application we have, in-principle,
sanctioned you a Two-Wheeler loan facility, on terms and conditions mentioned hereinafter, the details of which are given below:

Sourcing Partner DSA

Loan Amount Sanctioned (In Rupees) 1,12,000.00

Tenure (in months) 30

Vehicle Make & Model MT 15

Note:

1. This Approval Letter is valid for 30 days from the date of issue.

2. Kindly note this is only a conditional approval document. The vehicle may be delivered basis this document, but actual
disbursement is conditional to dealer/customer providing requisite post documents, e.g. Agreement, KYC, insurance,
invoice, RCU approval etc.
3. In case there are any changes to the scheme after issuance of the sanction letter then only a fresh sanction letter
incorporating the impact of the changes will be valid and the disbursement amount may change accordingly.
4. This is a computer-generated letter and does not require any signature.

T&Cs:

1. This sanction letter should not be construed as giving rise to binding obligations on the part of IDFC FIRST Bank to
provide the loan mentioned overleaf (the “Facility”). The Facility mentioned overleaf will be available solely at IDFC
FIRST Bank’s discretion and IDFC FIRST Bank will not be liable for any action taken by the customer based on this
sanction letter.
2. IDFC FIRST Bank shall be entitled to revoke the sanction of the Facility, inter-alia, in any of the following
circumstances:

a. There is any material change in the purpose(s) for which the Facility have been sanctioned (“the purpose(s)”)
b. In the sole judgement of IDFC FIRST bank, any material fact has been concealed and/or become subsequently
known.
c. Any statement made by you or on your behalf in your application or otherwise, is incorrect, incomplete, or
misleading.
d. There is a default under or a breach of the terms and conditions of this letter or any other loan/facility offered by
IDFC FIRST bank or any other person/entity, to you.

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