SANCTION LETTER
LOAN APPLICATION NUMBER: C02509045670468012
Date: 4/9/2025
To,
GANPAT DHANASING LAVALE
Current Address: near navnath mandir navanth nagar garkheda aurangabad
m corp aurangabad mh
431001 AURANGABAD Maharashtra
Permanent Address: S/O Dhansing Lavhale,NAVNATH NAGAR GARKHEDA PARISAR,NEAR NAVNATH
MANDIR
Aurangabad,Aurangabad (MH)
431001 Aurangabad Maharashtra
Email id: glavhale143@gmail.com
Mobile Number: 9011549020
Dear Sir / Madam,
We are pleased to inform you that your loan application has been approved by L&T Finance Limited (formerly
known as L&T Finance Holdings Limited), and hereinafter referred as (“LTF/Lender”), subject to the following:
1) Key Facts Statement- Please find attached Annexure 1 which comprises of Key Facts Statement (“KFS”).
Annexure 1 further comprises of Schedule A i.e. Computation of Annual Percentage Rate (APR) and Schedule
B i.e. Repayment Schedule.
2) Terms and Conditions - Please find attached Annexure 2 which comprises of Terms of Sanction.
We look forward to a mutually beneficial and long-term relationship. We believe that our partnership will be
built on the principles of trust, transparency, and understanding. We are committed to providing you with the
best possible service and support to ensure that your loan experience is smooth and hassle-free.
By consenting to this sanction letter, you acknowledge that you have read, understood, and agreed to the terms
and conditions outlined above and in the Annexures. You also confirm that you have provided all necessary
information and documentation to facilitate the disbursement of the loan.
We encourage you to reach out to us if you have any questions or concerns regarding your loan or any other
matter. Our dedicated customer service team is available at 1800-268-0000 or customercare@ltfs.com to assist
you at all times.
If you’re agreeable to the above terms and conditions, please sign and accept this sanction letter.
Date: 4/9/2025 3:22 pm
Regards,
L&T Finance Ltd.
(formerly known as L&T Finance Holdings Limited)
This is a system generated document. Therefore, the signature of L&T Finance Limited is not required.
CONFIDENTIAL
ANNEXURE 1 - KEY FACTS STATEMENT
PART 1 (INTEREST RATE AND FEES/CHARGES)
1 Loan proposal/ account No. Type of Loan Personal Loan
C0250904567046801
2 Purpose of Loan Personal - Balance Transfer
Sanctioned Loan Amount (in Rupees) 90000.00
2
Loan Amount (in Rupees) 94488.00
3 Disbursal schedule
(i) Disbursement in stages or 100% upfront.
(ii) If it is stage wise, mention the clause of loan 100% upfront
agreement having relevant details
4 Loan term (months) 30
5 Instalment details
Type of instalments Number of EPIs EPI (₹) Commencement of repayment, post sanction
Monthly 30 3912.00 2025-10-03
6 Interest rate (Annualised) 17.50 % p.a.
Type (fixed or floating or hybrid) Fixed
7 Additional Information in case of Floating rate of interest
Reference Benchmark Spread Final rate (%) R = Reset periodicity Impact of change in the reference
Benchmark rate (%) (B) (%) (S) (B) + (S) (Months) benchmark (for 25 bps change in ‘R’,
change in:)
B S EPI (₹) No. of EPIs
NA NA NA NA NA NA NA NA
8 Fee/ Charges
Payable to the Lender (A) Payable to a third party through Lender (B)
One-Time/ Amount (in ₹) or One-Time/ Recurring Amount (in ₹) or
Recurring Percentage (%) as Percentage (%) as
applicable applicable5
(i) Processing fees One Time 2655.00
(ii) Insurance charges One Time
a. Life Insurance 1588.00
b. Health Insurance 650.00
c. General Insurance 2250.00
9 Annual Percentage Rate (APR) (%) 24.27 % p.a.
10 Details of Contingent Charges (in ₹ or %, as applicable)
(i) Late Payment Charges 2% per month on overdue EMI
5% of principal outstanding + applicable taxes
(ii) Foreclosure charges, if applicable
(iii) Part Prepayment Charges Up to 5% of prepaid amount + applicable taxes
Rs.500/- + applicable taxes (applicable only for branch
(iv) Repayment instrument Swap Charges
walk-ins)
(v) Loan Sanction amount in Charges in Rs.
EMI Dishonour/Bounce Charge Rs.
< 5 Lacs 500
*A bounce charge is a charge for (i) dishonour of any
repayment instrument; or (ii) non-payment of 5 – 50 Lacs 1000
instalment(s) on their respective due dates due to
>50 Lacs – 2 Cr 1500
CONFIDENTIAL
dishonour of payment mandate or non-registration of the
payment mandate >2 Cr 2000
Loan Cancellation Charges (post cooling off period of 3 5% of principal outstanding + applicable taxes
(vi)
days)
(vii) Field collection service charge Rs. 500 per collection + applicable taxes
(viii) Statement or document retrieval charges Duplicate NOC: Rs. 500 + applicable taxes
(ix) Legal Charges Upto Rs. 30,000 + applicable taxes
(x) Recovery Charges Upto Rs. 15,000 + applicable taxes
CONFIDENTIAL
PART 2 - OTHER QUALITATIVE INFORMATION
1 Clause of Loan agreement relating to engagement of
recovery agents In the event of default, the Lender shall
communicate to the Borrower by the way of SMS or
Email the details of recovery agent who is authorised
by the Lender to approach the Borrower for recovery
of Loan.
2 Clause of Loan agreement which details grievance redressal The Lender has designated a grievance redressal
mechanism officer to redress the grievances of the Borrower. The
details of the grievance redressal mechanism and the
grievance redressal officer will be provided in the
Schedule of the Loan Agreement.
For further details, refer to the GRO Link:
https://www.ltfinance.com/grievance-redressal
3 Phone number and email id of the nodal gro@ltfs.com
grievance redressal officer 1800 1020 476
4 Whether the loan is, or in future maybe, subject to transfer Yes
to other Lender’s or securitisation (Yes/ No)
5 In case of lending under collaborative lending arrangements (e.g., co-lending/ outsourcing), following additional
details may be furnished:
Name of the originating Lender, Name of the partner Lender along with its Blended rate of interest
along with its funding proportion proportion of funding
NA NA NA
6 In case of digital loans, following specific disclosures may be furnished:
(i) Cooling off/look-up period, in terms of Lender’s board 3 days
approved policy, during which borrower shall not be
charged any penalty on prepayment of loan
(ii) Details of LSP acting as recovery agent and authorized to Will be provided when loan default occurs
approach the borrower
CONFIDENTIAL
SCHEDULE A - COMPUTATION OF APR
Sr. No. Parameter Details
1 Loan amount (in Rupees) 94488.00
2 Loan Term (months) 30
a) No. of instalments for payment of principal, in case of non-equated
periodic loans NA
b) Type of EPI
Monthly
Amount of each EPI (in Rupees)
3912.00
Nos. of EPIs
30
c) No. of instalments for payment of capitalised interest, if any NA
d) Commencement of repayments, post sanction 2025-10-03
3 Interest rate type (fixed or floating or hybrid) Fixed
4 Interest rate (Annualised) 17.50 % p.a.
5 Total Interest Amount to be charged during the entire tenor of the loan
as per the rate prevailing on sanction date (in Rupees) 22872.00
6 Fee/ Charges payable (in Rupees) 7143.00
A Payable to the Lender 2655.0000
B Payable to third-party routed through Lender 4488.00
C Total Outstanding from previous loan 3362.75
7 Net Disbursed amount (in Rupees) 83982.25
8 Total amount to be paid by the borrower (in Rupees) 117360.00
9 Annual Percentage Rate - Effective annualized interest rate (in
24.27 % p.a.
percentage)
10 Schedule of disbursement as per terms and conditions One-time disbursement
11 Due date of payment of instalment and interest 2025-10-03 and monthly
thereafter
CONFIDENTIAL
ANNEXURE 2
TERMS AND CONDITIONS
The terms applicable to the “Loan” are provided below:
1. Classification of Assets & Example of SMA/NPA classification
Notwithstanding any other provisions of the sancton leter or the Loan Agreement and any rights available to the Lender
under the applicable laws, the Lender shall, in compliance with RBI’s Clarifcaton on Prudental norms on Income Recogniton,
Asset Classifcaton and Provisioning pertaining to Advances dated November 12, 2021 as amended from tme to tme and /or
as required/ directed by RBI (“RBI IRACP Norms”), classify and notfy the Loan as an overdue account under day-end processes
on the due date as per Lender’s internal processes.
Additonally, subject to the RBI IRACP Norms and applicable laws, as per the RBI IRACP Norms and applicable laws, the Lender
shall classify the Loan as SMA or NPA on the relevant due date in accordance with the day-end process followed by the Lender.
The SMA or NPA classification date and asset classification status of the Loan shall be as on the date of the Lender’ day-end
process for the said Loan.
For the purpose of clarity, an example is provided below:
“If the due date of a loan account is March 31, 2021, and full dues are not received before the lending institution runs the day
end process for this date, the date of overdue shall be March 31, 2021. If it continues to remain overdue, then this account shall
get tagged as SMA-1 upon running the day-end process on April 30, 2021, i.e., upon completion of 30 days of being
continuously overdue. Accordingly, the date of SMA-1 classification for that account shall be April 30, 2021. Similarly, if the
account continues to remain overdue, it shall get tagged as SMA- 2 upon running day-end process on May 30, 2021, and if it
continues to remain overdue further, it shall get classified as NPA upon running day-end process on June 29, 2021."
Upgradaton of the account classifed as NPA - loan accounts classifed as NPAs may be upgraded as ‘standard’ asset only if the
entre arrears of interest and principal are paid by the Borrower.
2. Schedule of Charges
To get information on the fees & charges applicable for your loan account, you can also click on htps://bit.ly/Updated_SOOC
3. Privacy Policy of DLA
This is the Data privacy Policy. For more information, kindly refer to the link provided -
htps://www.lfinance.com/docs/default-source/default-document-library/data-privacy-policy.pdfssfvrsn7229aba03__1
4. Repayment Schedule and Repayment Instalment
The repayment Schedule is drawn based on the terms and provided in Annexure 1 and is shared with the Borrower along with
the welcome kit after disbursement of the Loan. The frequency of the repayment is on monthly basis.
The Borrower may voluntarily choose to pay the EMI(s) in advance/any amount prior to the due date. If such amount is equal to
or more than the EMI, the same shall be appropriated by the Lender towards the next EMI/charges. In case, such amount is
lesser than the EMI amount, the same shall be appropriated by the Lender towards the charges due, if any. In case no charges are
due, such amount will be refundable to the Borrower. The Lender shall not be liable to pay any interest on any such amounts
paid in advance.
CONFIDENTIAL
An amount towards interest for the period between the date of disbursement of the Loan and the EMI interest start date
(hereinafter “Broken Period Interest/BPI”) shall be included in the first EMI Amount and will be apportioned in the first
Instalment amount.
5. Consent
The Borrower hereby provides its consent to the Lender, its employees, representatives and/or its agents: (i) to share, the
information and details of the Borrower, including repayment history, for the purposes of customer verification, personalization
of products or services, credit rating, data enrichment, marketing or promotion of the Lender’s or related products, with its group
companies, service providers, partners, banks, financial institutions, credit bureaus, statutory authorities and regulatory bodies,
etc., (ii) to download and use its “Central Know Your Customer” (CKYC) record from the Central KYC Records Registry using
its KYC Identifier for fulfilling KYC requirements, (iii) to process the personal information, including when obtained via
KYC/e-KYC process, images and video data and images of my surroundings captured therein, for a period of 5 (five) years or as
per the applicable law from the date of termination or expiry of this Agreement, and (iv) to call/
SMS/Email/ WhatsApp/Telegram, etc. the Borrower in relation to this Loan and/or other products/ services offered by the
Lender and/or its partners. This consent overrides/ cancels the registration of the Borrower with the & National Do No Call
Registry (NDNC) or “Do Not Disturb” (DND) service, with respect to the Lender, its employees, representatives and/or its
agents. This consent is subject to the Lenders’ privacy policy published/revised/amended on our website www.lfinance.com
The Borrower authorizes the Lender to destroy the cheque(s) (if any) in the possession of the Lender upon repayment of the
Loan together with all costs, charges and expenses, by the Borrower to the satisfaction of the Lender.
6. Insurance (This clause shall be applicable only if the Borrower has opted for insurance)
The Borrower has opted to buy insurance from the Lender's insurance partner(s) with funding from the Lender as stated herein.
7. Legal Entity Identifier (LEI)
Legal Entity Identifier (“LEI”) code shall be submitted by applicable Borrowers as per regulatory guidelines. In case the
Borrower fails to obtain LEI codes, such Borrowers shall not be sanctioned any new exposure nor shall be granted any
renewal/enhancement of existing exposure and non-availability of LEI code shall lead to cancellation of undrawn limit.
8. Interest Rate Determination
To get information on the Interest rate model and gradation of risk, click htps://bit.ly/LTF_InterestRateoodel
9. Compliance
The disbursement of the loan shall be subject to acceptance of the terms mentioned herein including the annexures
hereof, the execution of Loan Agreement, or any other documents as advised by the Lender and compliance of the
terms and conditions therein. Further, the Lender reserves the right, without assuming any liability and without any
prior notice, to cancel the loan if the requisite compliance (including documents) as communicated by the Lender are
not complied with.
10. Disbursement
The loan will be disbursed subject to the execution of a Loan Agreement or other documents as advised by us. Please
submit your post sanction documents for disbursement. The actual/exact instalment amount, disbursement date and first
EMI date may vary based on the actual date of disbursement of the Loan Amount and will be communicated in the
Repayment schedule/ Welcome kit shared post actual disbursement.
It is also agreed between the parties that the Annualised Percentage Rate (APR) may vary by +2% depending on the
actual date of disbursement.
CONFIDENTIAL
11. Customer Service
For any service-related requirement, you may reach out to our dedicated customer service help desk at 1800-268-0000
or customercare@lfs.com .
12. Grievance Redressal
In case you are not satisfied with the resolution offered, you may further reach out to us at
htps://www.lfinance.com/grievance-redressal
13. Validity of Sanction Letter
The sanction letter is valid for 30 Days from the date of first login i.e. 2025-09-04 14:56:54 of application no.
C02509045670468012.
DISCLAIMER: Please note that Lender never asks for payment of any commission/charges for applying for any type of loan.
Neither of the employees, or its agents or any other person are in any way AUTHORIZED to ask for cash/ online payment for
applying loan. Please do not make any payment to any personal QR codes or links without receipt from authorized staff of the
Lender. Please note the Lender shall not be responsible for any such payment transactions made to any personal QR codes or
links if they are not received from any authorized staff.
Terms and Conditions apply. Credit is at the sole discretion of L&T Finance Limited
SCHEDULE B –
REPAYMENT SCHEDULE UNDER EQUATED PERIODIC INSTALLMENT
Annual interest rate 17.5000 Total payments 117336
Loan term (in years) 2.5 Total interest 22848
Payments per year 12
Loan amount 94488
Period EMI Interest Principal Balance
1 3911 1377 2533 91954
2 3911 1341 2570 89384
3 3911 1303 2607 86776
4 3911 1265 2645 84131
5 3911 1226 2684 81446
6 3911 1187 2723 78723
7 3911 1148 2763 75960
8 3911 1107 2803 73156
9 3911 1066 2844 70312
10 3911 1025 2885 67426
11 3911 983 2927 64498
12 3911 940 2970 61528
13 3911 897 3013 58514
14 3911 853 3057 55456
15 3911 808 3102 52353
16 3911 763 3147 49206
17 3911 717 3193 46012
18 3911 671 3240 42772
19 3911 623 3287 39484
20 3911 575 3335 36149
21 3911 527 3384 32765
22 3911 477 3433 29332
23 3911 427 3483 25848
24 3911 376 3534 22314
25 3911 325 3585 18728
26 3911 273 3638 15090
27 3911 220 3691 11399
28 3911 166 3744 7654
29 3911 111 3799 3854
30 3911 56 3854 0
