Scribd
Upload
83 views1 page

Ramesh Sention

Ramesh Dhiman's personal loan application has been sanctioned for a total of ₹7,60,000.00 with a fixed interest rate of 30% over a term of 47 months, requiring monthly installments of ₹7,950.00. The loan includes specific conditions such as no prepayment allowed during the lock-in period and a non-refundable processing fee of ₹1,369.00.

Uploaded by

pilla8597
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
83 views1 page

Ramesh Sention

Ramesh Dhiman's personal loan application has been sanctioned for a total of ₹7,60,000.00 with a fixed interest rate of 30% over a term of 47 months, requiring monthly installments of ₹7,950.00. The loan includes specific conditions such as no prepayment allowed during the lock-in period and a non-refundable processing fee of ₹1,369.00.

Uploaded by

pilla8597
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
You are on page 1/ 1

Sanction Letter – Personal Loan Customer Copy

Date 12 02 2025
Place: VPO BHALU
To,
Name: RAMESH DHIMAN

Address: VPO BHALU, KAITHAL, 136117


We are glad to inform you that your loan (Application 948846466466J ) has been sanctioned on the
following terms and conditions.

Type of Loan Term loan


Purpose of Loan Marriage
Amount Sanctioned (In 7,60,00,0.00
Rupees)
Term (In Months) 47
Number of Installments 47
Type of Interest Fixed
Rate of Interest 30.0 %

Annual Percentage Rate 41.13 %

Penal Charges on 24% per annum on the amounts under default from the due
delayed payments date to the date of actual payment.

Amount of each ₹7950.0


Installments (In Rupees)

Mode of Repayment E-NACH/ ACH

(a) No part prepayment of the Loan shall be allowed.


Foreclosure/ Prepayment (b) No Foreclosure will be allowed during the lock-in period.
(c) Lock-in period - 6 months lock in till 18 months tenure and 12
months lock in for >18 months tenure/Prepayment

Admin & Processing Fee ₹ 1369.0


received from customer
(Non Refundable)
Cooling off Period 3 days
Note: All the aforesaid fees and charges are inclusive of applicable taxes, duties, levies, surcharges and cess as may be applicable from time to time.
Please note that the term/tenure, number of installments and installment amount specified in the sanction letter is/are tentative
which may change on the basis of actual date and quantum of Loan disbursement and the revised term/tenure, number of
installments and installment amount will be communicated to you in writing and the same shall be considered as part of this
sanction letter..

Cholamandalam Investment and Finance Company Limited


Registered Office: Chola Crest, C54 & 55, Super B-4, Thiru Vi Ka Industrial Estate,
Guindy, Chennai – 600 032

You might also like