Sanction Letter - Two-Wheeler Loan (TWL)
Date: 27/03/2025
Mr. Rishav Kumar Gupta
Applicant's Address: HOUSE NO. 3076 SECTOR 23,gurgaon,,near market, PO-Palam Vihar SO Gurgaon, PS-
Gurgaon,gurgaon, District-Gurgaon ,Haryana, PIN-122017
Dealer Name: DREAMS AUTOMOBILES PRIVATE LIMITED
Dear Sir/Madam,
Congratulations!
We are pleased to inform that you have received an in-principle approval for loan sanction against your application reference no.:
TW202503012322 for Bandhan Bank Two-Wheeler Loan. The sanction is subject to the terms and conditions mentioned below and overleaf.
The loan details are as under:
Vehicle model name Honda ACTIVA 125 DISC OBD2B
Vehicle cost (In ₹ ) 112936.00
Loan amount (In ₹ ) 76700.00
Margin money (In ₹ ) 36236.00
Loan tenor (In months) 18
Processing fee (In ₹ ) + GST 0.00
Interest rate (% p.a) 19.15
EMI (In ₹ ) 4960.00
Terms and conditions are as under:
1. The above sanction is based on the information provided by you. The final disbursement would be done on realisation of processing fees to be
paid by you and on submission of required documents and execution of the facility agreements by you.
2. The sanction letter can be terminated or withdrawn or revoked by Bandhan Bank Limited, if:
2.1. any statement or declaration made in loan application form is found to be incorrect or untrue.
2.2. any material fact concerning your income, or ability to repay, or any other relevant information is suppressed,
concealed or not made available to the Bank.
2.3. credit checks performed by Bank is unsatisfactory.
2.4. any applicable terms and conditions stipulated by the Bank have not been complied with.
3. The sanction letter is valid for a maximum of 30 days from the date of issuance. Further, any modification in terms and conditions would
require a fresh sanction letter. In such a case, this sanction letter shall automatically become invalid, whether the same is retained or returned to
the Bank.
4. Under no circumstances, should this letter be treated as ''Delivery Order'' for the captioned vehicle.
5. The vehicle has to be registered at the address mentioned in the application form.
6. The Bank shall not be held liable for the damage/defect in the vehicle. It is the responsibility of the applicant/co-applicant to inspect the vehicle
and satisfy themselves on the quality of the vehicle before the delivery.
7. The vehicle needs to be hypothecated in favour of Bandhan Bank Limited by executing the necessary agreement/document as may be
prescribed by the Bank. The concerned RTO shall be informed about creation of hypothecation, and the name of Bandhan Bank Limited should
reflect in the registration certificate as the charge holder.
8. The insurance policy for the vehicle need to be assigned in favour of Bandhan Bank Limited and the insurance should be renewed with
assignment till the loan is fully repaid.
9. Post disbursement of the loan, you are required to submit copies of the following: 1) Registration certificate/Smart card with hypothecation
noted in favour of Bandhan Bank Limited; 2) Insurance policy of vehicle duly assigned in favour of Bandhan Bank Limited 3) Final invoice, as early
as possible, but not later than 90 (ninety) days from the disbursement of loan.
10. The EMI mentioned is tentative and may vary depending on the actual disbursement of your loan. The exact due dates for repayment/EMI due
date; the final EMI amount, and the breakup between the principal and interest shall be mentioned in amortisation schedule shared with you at the
time of disbursement of loan.
11. NOC/Form 35 along with any original documents (if any) will be handed over within 30 days of closure/settlement of loan.
For any further assistance, please feel free to contact your relationship manager or customer service desk in your city, or alternatively, visit
the nearest branch for more information.
Thanking You,
Yours sincerely,
For Bandhan Bank Ltd.
I/We accept all the terms and conditions mentioned in this letter:
(Applicant's signature) (1st Co-applicant's signature) (2nd Co-applicant's signature)
(Applicant's name) (1st Co-applicant's name) (2nd Co-applicant's name)
