Date: {!! $letter_date ?? date('d-m-Y') !!}

To,

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

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

SANCTION LETTER/APPROVAL FOR LOAN

@if($user['gender'] == "MALE") Mr.@else Ms. @endif {!! $user['customer_name'] !!},

Dear
We are pleased to inform you that you are eligible for a loan facility from us as per the following terms ::

@if(isset($signed_data[0])) @else @endif @if($user['merchant_id'] == 143) @else @endif upfront_from_credit_fair - $user['consumer_emi']->processing_fee); ?> @if(isset($user['loan_schedule']) && $user['loan_schedule'] != '') @if(isset($user['loan_schedule']['schedule'][0])) upfront_from_customer; $principal_amount = 0; $subvention = 0; $total_interest = 0; $total_subvention = 0; ?> @foreach($user['loan_schedule']['schedule'] as $key=>$loan_schedule) 0) { $principal = ($principal_amount + $user['consumer_emi']->upfront_from_customer) - $subvention; } else { $principal = $principal_amount + $user['consumer_emi']->upfront_from_customer; } ?> @endforeach @endif @endif insurance_premium_applicable) && $user['proFormaInvoice']->insurance_premium_applicable == 1) { $amountAB += $user['proFormaInvoice']->insurance_premium_amount; if(isset($user['total_insurnace_permium']) && ($user['total_insurnace_permium'] != $amountAB)){ $amountAB = $user['total_insurnace_permium']; } } $amountAmtV = $user['consumer_emi']->processing_fee + $user['consumer_emi']->upfront_from_customer + $amountAB; if ($user['is_gst_applicable'] == 0) { $amountAmtV += $subvention; } $amtV = ($user['loan_amount'] - $amountAmtV); $aprrate = round(\MathPHP\Finance::rate($user['consumer_emi']->remaining_emi, $user['consumer_emi']->emi, -$amtV, 0) * 100 * 12, 2); if ($aprrate < 0) { $aprrate = 0; } // below condition is for NAN return by finance function if(is_nan($aprrate)){ $aprrate = 0; } ?> @if($user['consumer_emi']->upfront_from_customer) @endif 'Flat Balance Amount (Annualized)', 2 => 'Reducing', 3 => 'Flat Fixed Amount (Annualized)',4 => 'Flat (Non-Annualized)']; ?> @if(isset($user['proFormaInvoice']->insurance_premium_applicable) && $user['proFormaInvoice']->insurance_premium_applicable == 1 && $user['merchant_insurance'] == 1) @if(isset($user['total_insurnace_permium'])) @else @endif @endif approved_amount - ($user['consumer_emi']->upfront_from_customer); if ($user['is_gst_applicable'] == 0 && $loan_schedule['subvention']) { $netDisb -= $total_subvention; } ?> processing_fee) { $amountCB += $user['consumer_emi']->processing_fee; } ?> 12, 2 => 24, 3 => 52, 4 => 365, 5 => 4, 6 => 2, 7 => 1]; $frequecy_multiplier = ($user['frequency'] > 0) ? $payment_frequency_offer[$user['frequency']] : 12; ?> @if($user['purpose_of_the_loan'] == "Personal Loan") @else @endif @if($user['purpose_of_the_loan'] != "Personal Loan") @endif @if($user['purpose_of_the_loan'] != "Personal Loan") @endif

Sr.No.	Particulars	Details
{!! $index++ !!}.	Agreement Number	{!! $user['application_id']!!}
{!! $index++ !!}.	Loan application date	{!! date('d-m-Y',strtotime($user['loan_application_date'])) !!}
{!! $index++ !!}.	Loan Agreement date	{!! date('d-m-Y',strtotime($signed_data[0]['click_time'])) !!}	{!! date('d-m-Y',strtotime($user['date_of_reference'])) !!}
{!! $index++ !!}.	Details of the Lender	{!! $lender['name'] !!}
{!! $index++ !!}.	Details of the Service Provider/Facility Agent	BlackSoil Capital Private Limited
{!! $index++ !!}.	Name of the Borrower @if(isset($user['co_applicant_name']) && $user['co_applicant_name'] != '') Name of the Co-Borrower @endif	{!! $user['customer_name'] !!} @if(isset($user['co_applicant_name']) && $user['co_applicant_name'] != '') Co-Borrower: {!! $user['co_applicant_name'] !!} @endif
{!! $index++ !!}.	Purpose of the loan	Education Loan	{!! $user['purpose_of_the_loan'] !!}
{!! $index++ !!}.	(i) Transaction Amount	₹ {!! money_format('%!i',$user['consumer_emi']->approved_amount) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->approved_amount) !!} )
{!! $index++ !!}.	(ii) Down Payment	₹ {!! money_format('%!i',$user['consumer_emi']->upfront_from_customer) !!} /- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->upfront_from_customer) !!} )
{!! $index++ !!}.	(iii) Loan amount (amount disbursed/to be disbursed to the borrower) @if($user['consumer_emi']->upfront_from_customer) (i) - (ii) @endif	₹ {!! money_format('%!i',($user['consumer_emi']->approved_amount - $user['consumer_emi']->upfront_from_customer)) !!} /- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->approved_amount - $user['consumer_emi']->upfront_from_customer) !!} )
{!! $index++ !!}.	(iv) Total interest charge during the entire tenor of the loan	₹ {!! money_format('%!i',$total_interest) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($total_interest) !!} )
{!! $index++ !!}.	(v) Rate of Interest	{!! $user['consumer_emi']->interest_rate or '-' !!}
{!! $index++ !!}	(v) Other up-front charges, if any (break-up of each component to be given below) (a + b)	₹ {!! money_format('%!i',$amountAB) !!}
{!! $index++ !!}.	(a) Insurance Premium	₹ {!! money_format('%!i',$user['vendor_insurnace_permium']) !!}
{!! $index++ !!}.	(b) CF Insurance Processing Fees + 18% GST	₹ {!! money_format('%!i',$user['cf_insurance_processing_fees']) !!}
{!! $index++ !!}	(v) Other up-front charges, if any (break-up of each component to be given below) (a + b)	₹ {!! money_format('%!i',$amountAB) !!}
{!! $index++ !!}.	(b) Insurance Premium	₹ {!! money_format('%!i',$user['proFormaInvoice']->insurance_premium_amount) !!}
{!! $index++ !!}.	(vi) Net disbursed amount @if($user['merchant_processing_collected'] == 1) (iii) @endif	₹ {!! money_format('%!i',($netDisb)) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($netDisb) !!} )
{!! $index++ !!}.	(vii) Processing fees (including GST), if any	₹ {!! number_format($user['consumer_emi']->processing_fee) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->processing_fee) !!} )
{!! $index++ !!}.	Total amount to be paid by the borrower (iv) insurance_premium_applicable) && $user['proFormaInvoice']->insurance_premium_applicable == 1) { ?> + (v) + (vi) processing_fee){ ?>+ (vii)	₹ {!! number_format(($amountCB)) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords(($amountCB)) !!} )
{!! $index++ !!}.	Annual Percentage Rate - Effective annualized interest rate	{!! $aprrate !!}%
{!! $index++ !!}.	Amount of each installment of repayment	₹ {!! number_format($user['consumer_emi']->emi) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->emi) !!} )
{!! $index++ !!}.	First Installment due date	{!! date('Y-m-d', strtotime($user['consumer_emi']->emi_date)) !!}
{!! $index++ !!}.	Tenor of the Loan (in months/days)	{!! $user['consumer_emi']->tenure !!} months
{!! $index++ !!}.	Repayment frequency by the borrower	Monthly
{!! $index++ !!}.	Number of installments of repayment	{!! $user['consumer_emi']->remaining_emi !!} Installments
{!! $index++ !!}.	Undated Cheques & Cash Collection	We are collecting 2 undated cheques. One of Loan Amount & one of EMI Amount. Unused cheques will be shredded at our end after successful repayment of the loan. Any cash collection would include additional Rs 400 per pick up.
{!! $index++ !!}.	Security	The Loan, and all interest, penal charges, further interest, liquidated damages, indemnification payments, fees, costs, expenses and other monies owing by, and all other present and future obligations and liabilities of the Borrower shall be secured by the following: First and exclusive charge by way of hypothecation of Equipment/System listed in Appendix – A and all receivables arising out of the hypothecated Equipment/System. First and exclusive charge by way of hypothecation, over all the current assets of the Borrower;
Details about Contingent Charges
{!! $index++ !!}.	Rate of annualized penal charges in case of delayed payments (if any)	54.75% on outstanding amount
{!! $index++ !!}.	Late Payments /Cheque /ECS /NACH dishonoured charges	₹ 300/- per late payment OR dishonor of cheque/ECS/NACH per presentation. Two successive cheque bounces/ auto debit failure will lead to loan recall notice being issued
{!! $index++ !!}.	Prepayment charges	Zero
{!! $index++ !!}.	Details of the Merchant	Name: {!! $user['customer_name'] !!} Address: {!! $user['address'] !!}	Name: @if(isset($user['official_merchant_name']) && $user['official_merchant_name']) [{!! $user['official_merchant_name'] !!} ] @endif @if(isset($user['merchant_name']) && $user['merchant_name']) ({!! $user['merchant_name'] !!}) @endif Address: {!! $user['merchant_address'] !!}
{!! $index++ !!}.	Merchant Refunds & Loan Cancellations	In case of a return of a purchase to a merchant, a cancellation charge of 1.4% per month on outstanding principal would be payable.
{!! $index++ !!}.	Name, Designation, Address and Phone number of nodal grievance redressal officer	For the Lender: Vivriti Capital Private Limited: The details have been placed on the website https://www.vivriticapital.com/Greivance_Redressal_Mechanism.pdf. The details of the Designated Grievance Redressal Officer of VCPL is as follows (or as updated from time to time on the website as aforesaid): Name of the Grievance Redressal Officer/ Principal Officer: Ajit Menon, Head -Operations. Address: Prestige Zackria Metropolitan, No.200/1-8, 2nd Floor, Block 1, Anna Salai, Chennai 600002 Contact Details (Telephone/Email): 044- 40074801/ grievanceredressal@vivriticapital.com. For the Service Provider: Name: Shraddha Mandlik Designation: Grievance Redressal Officer Address: Grievance Redressal Officer BlackSoil Capital Private Limited 9, 6A, 6th Floor, Corporate Centre, Andheri Kurla Road, Near JB Nagar Metro Station, Andheri East, Mumbai 400059. Telephone no.: +91 9137504870 E-mail ID.: grievance@creditfair.in https://creditfair.in/grievance-policy

Eeach of the Borrowers shall be jointly and severely responsible for compliance to the terms of this loan sanction and for repayment of the loan amount disbursed.

This sanction letter will only be a letter of offer and shall stand revoked and cancelled, if there are any material changes in the proposal for which the Loan is sanctioned or; If any event occurs which, in our sole opinion is prejudicial to our interest or is likely to affect the financial condition of the Borrowers or his / her/ their ability to perform any obligations under the loan or; any statement made in the loan application or representation made is found to be incorrect or untrue or material fact has concealed or; upon completion of the validity period of 3 days of this offer unless extended by us in writing.

Insurance Clause:
The Lender has indicated to the Borrower / Guarantor about the availability of insurance cover. The Borrower and / or Guarantor may opt for a Life Insurance cover and have explicitly indicated the option for insurance cover in the application form. The Borrower / Guarantor hereby acknowledges that the insurance cover is optional and is at the request of the Borrower. It is clearly understood by the Borrower and the Guarantor that the Lender is not liable for admission of any claim by the insurance company and the settlement thereto. The Borrower/Co-Borrower hereby authorizes the Lender to receive any claim amount that may be paid by the Insurance Company as against any Insurance Policy that may have been taken by the Borrower (at the option of the Borrower), and appropriate the same to the loan account of the Borrower. In the event the claim amount is not sufficient to cover the liability in the account, the Borrower hereby undertakes to remit the balance due under this Agreement. The discharge given by the Lender to the Insurance Company on behalf of the Borrower.