@if(isset($user['co_applicant_name']) && $user['co_applicant_name'] == '') @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 + $user['consumer_emi']->upfront_from_customer; } ?> @endforeach @endif @elseif(isset($user['loan_schedule_new']) && $user['loan_schedule_new'] != '') upfront_from_customer; $principal_amount = round($summary->principal_amount, 2); $subvention = $summary->subvention; $total_interest = round($summary->total_interest, 2); $interest_rate = round($summary->total_interest, 2); $total_subvention = $summary->subvention; $annualized_interest_rate = round($summary->annualized_interest_rate, 2); ?> @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; } $netDisb = $user['consumer_emi']->approved_amount - ($user['consumer_emi']->upfront_from_customer); if ($user['is_gst_applicable'] == 0 && $loan_schedule['subvention']) { $netDisb -= $total_subvention; } $amountCB = $netDisb + $amountAB; if ($total_interest) { $amountCB += $total_interest; } if ($user['consumer_emi']->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; ?> {{--
--}} {{--
--}}

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

To,

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

{!! $user['address'] !!},    

Subject: KFS/Sanction Letter


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

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


@include('admin.documents.common_KFS') @if($user['preferred_language'] == "HINDI") @include('admin.documents.common_hindi_KFS') @elseif($user['preferred_language'] == "MARATHI") @include('admin.documents.common_marathi_KFS') @endif {{--
--}} upfront_from_customer); $annualized_interest_rate = round(((($repayable - $principal) / $principal) * ($frequecy_multiplier / $user['consumer_emi']->remaining_emi)) * 100, 2); } ?>

Annexure 1



Third Party Agents. The Borrower(s) expressly recognize/s and accept/s that the Lender shall, without prejudice to its right to perform such activities by itself or through its officers or servants, be absolutely entitled and have full powers and authority to appoint one or more third parties of the Lender's choice and to transfer and delegate to such third parties the right and authority to collect on behalf of the Lender all unpaid repayment instalment/s and to perform, execute all acts, deeds, matters and things connected therewith or incidental thereto including sending notices of demand, attending the residence or office of the Borrower(s) or otherwise contacting the Borrower(s), receiving the Instalment/s in cash/ draft/ cheque whether in the name of the Lender or in the name of the third party from the Borrower(s), entering into a compromise with the Borrower(s), giving a valid receipt and granting effectual discharge to the Borrower(s) and generally performing all lawful acts as the third parties may consider appropriate.



Annexure 2



GRIEVANCES AND COMPLAINTS

The Lender will endeavour to prevent any inappropriate staff behaviour and any complaints in respect thereof shall be addressed in a timely manner in accordance with the grievance redressal mechanism constituted by Lender have designated a grievance redressal officer to redress the genuine grievances of the Borrower(s). The customer can refer to our grievance redressal policy at https://www.vivriticapital.com/assets/files/policies/Governance/Customer%20Grievance%20Redressal%20Mechanism%20Nov23.pdf.
The details of the Designated Grievance Redressal Officer of the Lender are as follows (or as updated from time to time on the website as aforesaid):
Name of the Grievance Redressal Officer/ Principal Nodal Officer: Ajit K Menon, Group Chief Operating Officer Address: Vivriti Capital Limited, Prestige Zackria Metropolitan, No.200/1-8, 2nd Floor, Block 1, Anna Salai, Chennai, Tamil Nadu 600002 Contact Details (Telephone/Email): 044 40074800/01 grievanceredressal@vivriticapital.com ; Ajitkumar.Menon@vivriticapital.com
The details of the Designated Grievance Redressal Officer of the LSP is as follows:



Name Shraddha Mandlik
Designation Nodal Officer and Grievance Redressal Officer
Contact Number +91 9137504870
Email ID grievance@creditfair.in


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.

@if($user['proFormaInvoice']->insurance_premium_applicable == 1) {{--


Insurance Clause:
The lender has informed the borrower about the availability of Solar Asset Insurance, which is optional for the borrower. The borrower will indicate their choice on the application form. In the event of a claim, the lender will be designated as the Beneficiary of the insurance policy. Upon approval of the claim, the lender will transfer the payout directly to the Merchant responsible for repairing the damaged solar asset once the repair has been done. It is important to note that the borrower will continue to be responsible for making Equated Monthly Installments (EMI) payments, regardless of the insurance claim status or the repair process. The lender shall not be liable for handling insurance claims or the repair process beyond the authorized transfer of funds to the Merchant.

--}} @endif

Accepted by

The within named Borrower

This is a system generated letter and does not signature of the Lender.