| Ref. No {!! $user['application_id']!!} | Date: {!! date('Y-m-d') !!} |
To
{!! $user['customer_name'] !!}
Dear Sir/Ma'am,
Thank you for your loan application dated @if(!empty($user['loan_application_date'])) {!! date('d-m-Y',strtotime($user['loan_application_date'])) !!} @endif . We, JM Financial Products Ltd. (“the Lender” are pleased to inform you that based on your loan application, we have agreed to sanction you the Loan facilities subject to its terms and conditions. The sanctioned details are mentioned below, which shall form part of the loan agreement and/or terms and conditions prescribed by the Lender:-
| Schedule for Loan | ||||||||||
| 1 | Borrower's Name | {!! $user['customer_name'] !!} | ||||||||
| 2 | Borrower's Address | {!! $user['address'] !!} | ||||||||
| 3 | Borrower’s E-Mail | {!! $user['customer_email'] !!} | ||||||||
| 4 | Borrower’s Phone Number | {!! $user['customer_mobile'] !!} | ||||||||
| 5 | Co-Borrower’s Name (if applicable) | {!! $user['co_applicant_name'] !!} | ||||||||
| 6 | Co-Borrower’s Address (if applicable) | {!! $user['co_address'] !!} | ||||||||
| 7 | Co-Borrower’s Email | {!! $user['co_applicant_email'] !!} | ||||||||
| 8 | Co-Borrower’s Phone Number | |||||||||
| 9 | Purpose | Education | ||||||||
| 10 | Channel Partner and/or Service Provider’s Application Number | {!! $user['application_id']!!} | ||||||||
| 11 | Loan Amount | ₹{!! $user['consumer_emi']->approved_amount !!}/- | ||||||||
| 12 | Tenor | {!! $user['tenure'] !!} | ||||||||
| 13 | Rate of Interest (IRR) | {!! $user['consumer_emi']->interest_rate !!} | ||||||||
| 14 | Fees, Charges & Penal Interest Note: Lender may revise/ vary the fees/charges |
|
||||||||
| 15 | Repayment Schedule /EMI Amount (subject to revision upon change in ROI in terms of the sanction) |
Indicative EMI: ₹{!! money_format('%!i',$user['consumer_emi']->emi) !!}/- • The Actual EMI will depend on Disbursement Date. Repayment Schedule to be shared post disbursement. |
||||||||
| 16 | Merchant’s/Institute’s 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 | ||||||||
| 17 | Channel/ Service Provider’s Name | BlackSoil Capital Private Limited | ||||||||
| 18 | Validity Period/Date | Loan shall be availed prior to 2 months from the date of sanction letter , unless validity is extended by the Lender. | ||||||||
| 19 | Specific Condition | (1) Borrowers shall submit valid and requisite documents and meet credit underwriting norms of the Lender. (2) In case of premature withdrawal from the course/ request for cancellation of drawdown, the Borrower shall submit. NoC from the institute and arrange credit for proportionate refund and foreclosure amount to the lender. |
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• #The Fees &charges are subject to revision by the Lender from time to time and same shall be applicable as per Lender’s Schedule of Charges
• Please contact us at care@credifair.in for any queries. Alternatively, you can write to us at digi.loans@jmfl.com
Additional Specific Instructions for availing the Loan:
1) Disbursement shall be into the account specified by the Institutes/Merchant.
2) Any change in ROI and/or other charges shall be applicable prospectively.
3) The sanction is subject to Lender’s absolute discretion and may be revoked by the Lender as the Lender may deem fit including in the event any condition precedents are not complied with. The Loan facility shall be governed by the terms and conditions prescribed by the Lender and/or the loan agreement, that shall be accepted by the Borrower/s in addition to this Sanction Letter.
4) This sanction letter shall form an integral part of the loan agreement and/or the applicable terms and conditions.
We assure you of our best services at all times.
Warm regards,
JM Financial Products Ltd.