Scribd
Upload
158 views1 page

Sanction Letter

HDB Financial Services has sanctioned a loan of Rs. 15,999 to Haresh Gardia with an EMI of Rs. 2,183 for 8 months. The loan includes a processing fee of Rs. 450 and a convenience fee of Rs. 599, with a 17.6099% annualized ROI. The repayment details and terms are outlined, and the company reserves the right to amend the loan conditions as necessary.

Uploaded by

maxxmadd570
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
158 views1 page

Sanction Letter

HDB Financial Services has sanctioned a loan of Rs. 15,999 to Haresh Gardia with an EMI of Rs. 2,183 for 8 months. The loan includes a processing fee of Rs. 450 and a convenience fee of Rs. 599, with a 17.6099% annualized ROI. The repayment details and terms are outlined, and the company reserves the right to amend the loan conditions as necessary.

Uploaded by

maxxmadd570
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

Date: 10-Nov-2024

Dear Sir/Madam,
At your request, we are pleased to advice in principle sanction of a loan on the below mentioned terms and conditions.

Ref ID 58066002958
Applicant Name HARESH GARDIA
Email ID hareshgardia78@gmail.com
Application Date 09-Nov-2024
Product Name MOBILE
Total Loan Amount Rs. 15999
Total no of EMI 8
Advance EMI Paid 2
EMI Amount (Inclusive of add-on EMI) Rs. 2183
Loan Processing Fee (upto 5%) Rs. 450.0
Convenience Fee Rs. 599.0
Document Charges Rs. 0.0
Net Add on Loan Value Rs. 1045.0
Date of EMI 4th of every month
Mode of Repayment ACH
Delayed Installment Payment Charge 30% Per Annum On Unpaid EMI + Applicable Tax
Prepayment Charges Nil
Annualized ROI* 17.6099%
Loyalty Card NA
Extended Warranty NA
Insurance NA
Other Add-Ons Rs. 1099
Cashback Amount** NA

* HDBFS will charge interest on No cost EMI plans as per existing rates,However interest charged by HDBFS will be passed as Upfront
discount.
** Cashback Convenience Fee of Rs.100/- will be charged and deducted from the Net Cash Back amount (Net Cashback Amount -Rs.100/-)
Repayment of the Loan (incl. Principal, Interest, charges, etc.), Additional/ default interest payable on default , Delayed Installment Payment
Charge, Prepayment charges and Security PDC's will be applicable as per the Loan Agreement/ Schedule of Charges.
Your loan details will be sent to your registered mobile no along with the repayment schedule within 7 working days.
HDB Financial Services Limited reserves the right to withdraw and/or amend any of the terms and conditions hereof (including to reduce or
cancel the loan) at its sole discretion, in the event of any change in circumstances & subject to legal and title clearance of the collateral
offered.
The Terms & Conditions and other features of Loan shall be as per Loan Agreement. The approach for gradations of risk and rationale for
charging different rate of interest to different categories of borrowers are as per interest rate policy of the Company hosted on Company's
website on https://www.hdbfs.com/policies. The exact due dates for repayment of a loan, frequency of repayment, breakup between principal
and interest, examples of SMA/NPA classification dates, have also been clearly specified in the loan agreement / loan application form.
We value your relationship with us and assure you of our best services always.
Yours faithfully,
For HDB Financial Services Limited
HDBFS LOAN SANCTION LETTER
Email ID: customer.support@hdbfs.com
This is a computer generated letter and does not require a signature

1 of Page 1

You might also like