SANCTION LETTER

Date : {{ \Carbon\Carbon::now()->format('d-m-Y') }}

{{ $user['customer_name'] }}

{!! $user['address'] !!}

{{-- Spaces --}}

Dear Sir / Madam,

{{-- Spaces --}}

Please refer to your loan application loan_application_no); ?> for a loan facility from ADITYA BIRLA FINANCE LIMITED made through BlackSoil Capital Private Limited (" Credit Fair") through Credit Fair’s technology platform.

{{-- Spaces --}}

We are happy to provide the credit facility on the following broad Terms & Conditions.

{{-- Spaces --}}

{{-- Table --}} $id])); $interest_rate = $avanseProcesses->getPayloadValueByID($id, 'roi'); ?> remaining_emi; ?>

1

Type of Facility/Loan

Consumer Loan

2

Sanction Amount

INR. $id])); $amt = $avanseProcesses->getPayloadValueByID($id, 'actual_sanction_amt'); /*$amt = ($user['consumer_emi']->approved_amount - $user['consumer_emi']->upfront_from_customer); if($user['is_gst_applicable'] == 0){ $amt = round(($amt - (($amt) * $user['consumer_emi']->subvention /100))); }*/ ?> ₹{{ $amt }} ({!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($amt) !!})

3

Rate of Interest % p.a.(Annualized)

{{ $interest_rate }}% declining per year

4

Tenure

{{ $actual_tenure }}

5

Availability Period

This loan may be availed by you within 30 (thirty) days from the date of this letter.

6

Advance EMI/Down Payment

INR. ₹ 0

7

Additional/Penal Interest

2 % p.m. on delay of principal/interest/charges

8

EMI Amount

₹ {!! money_format('%!i',$user['consumer_emi']->emi) !!}

9

Repayment Start Date

emi_date)); ?>

10

Other Conditions
  1. You can make an early repayment of the amounts due under this loan, in part or in full, at any time.
  2. Credit Fair may collect amounts payable by you on our behalf using the National Automated Clearing House mandate or similar payment mandates provided by you. In addition, Credit Fair may also charge a fee for facilitating this transaction.
  3. Non-payment of amounts due on the relevant due dates may have adverse consequences including: (i) having your details reported to the credit bureaus; and (ii) suitable legal action as may be necessary to recover the outstanding amounts.

This offer is valid up to 30 working days from the date of issue.

This Sanction Letter may not be construed as a binding commitment on us to disburse the above mentioned credit facility, unless you have accepted the standard loan terms in a form and manner acceptable to us and the conditions for disbursal set out therein are fulfilled to our satisfaction.

ADITYA BIRLA FINANCE LIMITED

This is a system generated document, hence no signature required

Time Stamp: {{ \Carbon\Carbon::now()->toDateTimeString() }}

Name of Borrower: {{ $user['customer_name'] }}

Signature of Borrower

By clicking “I accept” You electronically sign and accept these Loan Terms including the Sanction Letter and agree to be legally bound by its terms. Your acceptance of these Loan Terms shall constitute Your agreement to irrevocably accept and to be unconditionally bound by all the terms and conditions set out  in these Loan Terms, and Your acknowledgement and confirmation that this Agreement (along with the Sanction Letter) have been duly read and fully understood by You.

Date:

IP: {!! $signed_data[0]['isaddress'] or '-' !!}