upfront_from_customer; $principal_amount = 0; $subvention = 0; $total_interest = 0; $total_subvention = 0; ?> upfront_from_credit_fair - $user['consumer_emi']->processing_fee); ?> addLoop($__currentLoopData); foreach($__currentLoopData as $key=>$loan_schedule): $__env->incrementLoopIndices(); $loop = $__env->getLastLoop(); ?> 0) { $principal = ($principal_amount + $user['consumer_emi']->upfront_from_customer) - $subvention; } else { $principal = $principal_amount + $user['consumer_emi']->upfront_from_customer; } ?> popLoop(); $loop = $__env->getLastLoop(); ?> 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); ?> insurance_premium_applicable) && $user['proFormaInvoice']->insurance_premium_applicable == 1 && $user['merchant_insurance'] == 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; } ?> 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:

To,

,    

Subject: Sanction letter/approval for Loan


Dear Mr. Ms. ,

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


make('admin.documents.common_KFS', [ "hideKFS" => 1], array_except(get_defined_vars(), array('__data', '__path')))->render(); ?> make('admin.documents.common_hindi_KFS', array_except(get_defined_vars(), array('__data', '__path')))->render(); ?> make('admin.documents.common_marathi_KFS', array_except(get_defined_vars(), array('__data', '__path')))->render(); ?> upfront_from_customer); $annualized_interest_rate = round(((($repayable - $principal) / $principal) * ($frequecy_multiplier / $user['consumer_emi']->remaining_emi)) * 100, 2); } ?>


The terms of this loan sanction shall also be governed by General Terms and Conditions, which you may kindly read before confirming your acceptance. The said documents are incorporated here by way this reference, Borrower's acceptance to the terms of this letter and the General Terms and Conditions should be informed to the Lender by submission of a signed copy of the Most Important Document with the terms understood by the Borrowers. Further, each 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_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.

Principal Amount is ₹ approved_amount - $user['consumer_emi']->upfront_from_customer), 0)); ?>

Best Regards,

Non Banking Finance Company . CIN No.
|
Non Banking Finance Company . CIN No.
|
CREDIT FAI₹
Credit Fair (K. M. Global Credit Private Limited) 9, 902, Tower A, Naman Midtown
Senapati Bapat Marg, Dadar West, Mumbai, Maharashtra 400028
www.creditfair.in | info@creditfair.in | 9967235047