Date: {!! date('d-m-Y') !!}
To,
{!! $user['customer_name'] !!}
{!! $user['address'] !!},
Subject: Sanction letter/approval for Loan
Dear @if($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:
|
{!! $i++ !!}. |
Loan application date |
{!! date('d-m-Y') !!} |
|
|
{!! $i++ !!}. |
Details of Borrower |
Name: {!! $user['customer_name'] !!} Address: {!! $user['address'] !!} @if(isset($user['co_applicant_name']) && $user['co_applicant_name'] != '')
Co-Applicant Name: {!! $user['co_applicant_name'] !!} Address: {!! $user['co_address'] !!} @endif |
|
|
{!! $i++ !!}. |
Validity period of this offer |
30 days from the date of this letter |
|
|
{!! $i++ !!}. |
Purpose of the loan |
@if($user['merchant_id'] == 143) Education Loan @else {!! $user['purpose_of_the_loan'] !!} @endif |
|
|
{!! $i++ !!}. |
Transaction Amount |
₹ {!! money_format('%!i',$user['consumer_emi']->approved_amount) !!} /- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->approved_amount) !!}) |
|
|
{!! $i++ !!}. |
Downpayment |
₹ {!! money_format('%!i',$user['consumer_emi']->upfront_from_customer) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->upfront_from_customer) !!}) |
|
|
{!! $i++ !!}. |
Net Loan Amount |
₹ {!! money_format('%!i',($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) !!}) |
|
|
{!! $i++ !!}. |
ROI |
{!! $user['consumer_emi']->interest_rate !!}% @if($user['consumer_emi']->interest_rate > 0) p.a @endif |
|
|
{!! $i++ !!}. |
Monthly EMI |
₹ {!! money_format('%!i',$user['consumer_emi']->emi) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->emi) !!}) |
|
|
{!! $i++ !!}. |
Total Repayable Amount |
₹ {!! money_format('%!i',$repayable) !!} /- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($repayable) !!})
@if($user['consumer_emi']->interest_rate > 0)
|
|
|
{!! $i++ !!}. |
Total Installments |
{!! $user['consumer_emi']->tenure !!} |
|
|
{!! $i++ !!}. |
@if($user['consumer_emi']->advance_type == 'emi') Advance Installments @elseif($user['consumer_emi']->advance_type == 'percentage') Advance (%) @endif |
{!! $user['consumer_emi']->advance_emi !!} @if($user['consumer_emi']->advance_type == 'emi') @elseif($user['consumer_emi']->advance_type == 'percentage') % @endif |
|
|
{!! $i++ !!}. |
Pending Installments |
{!! $user['consumer_emi']->remaining_emi !!} |
|
|
{!! $i++ !!}. |
Rate of interest @if($user['consumer_emi']->interest_type_id == 1) (Flat Balance Amount) @elseif($user['consumer_emi']->interest_type_id == 2) (Reducing) @elseif($user['consumer_emi']->interest_type_id == 3) (Flat Fixed Amount) @else Flat rate @endif |
{!! $user['consumer_emi']->interest_rate !!} % @if($user['consumer_emi']->interest_type_id != 4)p.a. @endif @if($user['consumer_emi']->interest_type_id == 4 && $user['consumer_emi']->interest_rate > 0)(Annualised Rate - {!! round(($user['consumer_emi']->interest_rate/$user['consumer_emi']->remaining_emi)*12,2) !!} %) @endif |
|
|
{!! $i++ !!}. |
Processing fee (%) |
{!! $user['consumer_emi']->offer_processing_fee !!}% |
|
|
{!! $i++ !!} |
Processing fee (including GST) |
₹ {!! money_format('%!i',$user['consumer_emi']->processing_fee) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->processing_fee) !!}) |
|
| --}}
{{-- {!! $i++ !!}. --}} {{-- | --}}
{{-- Principal Amount | --}}
{{-- @if($user['is_gst_applicable'] == 0 && $subvention > 0)--}}
{{-- ₹ {!! money_format('%!i',round((($principal_amount + $user['consumer_emi']->upfront_from_customer)-$subvention),0)) !!}/- (Rupees{!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords(round(((($principal_amount + $user['consumer_emi']->upfront_from_customer))-$subvention),0)) !!})--}} {{-- | --}}
{{-- @else--}}
{{-- ₹ {!! money_format('%!i',round($principal_amount + $user['consumer_emi']->upfront_from_customer)) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords(round($principal_amount + $user['consumer_emi']->upfront_from_customer)) !!})--}} {{-- | --}}
{{-- @endif--}}
{{--
|
{!! $i++ !!}. |
Prepayment charges |
Zero |
|
|
{!! $i++ !!}. |
Delayed payment charges |
0.15% per day on outstanding amount |
|
|
{!! $i++ !!}. |
Late Payments /Cheque /ECS /NACH dishonoured charges |
₹ 300/- per late payment OR dishonor of cheque/ECS/NACH per presentation. Three successive cheque bounces/ auto debit failure will lead to loan recall notice being issued. |
|
|
{!! $i++ !!}. |
Post dated / Undated Cheques |
We are collecting 2 undated cheques. One of Loan Amount & one Security Cheque 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. | |
|
{!! $i++ !!}. |
Details of the Merchant |
Name: {!! $user['merchant_name'] !!} |
|
|
{!! $i++ !!}. |
Documentation |
Submit Duly Signed to the Lender the following:
|
|
|
{!! $i++ !!}. |
Loan disbursement |
Post completion of the documentation, the loan will be eligible for disbursement. |
|
|
{!! $i++ !!}. |
Merchant Refunds & Loan Cancellations |
In case of a return of a purchase to a merchant, a cancellation charge of 1.4% per month on outstanding principal would be payable. |
The terms of this loan sanction shall also be governed by General Terms and Conditions, which you may kindly read before confirming your acceptance. The said documents are incorporated here by way this reference, Borrower's acceptance to the terms of this letter and the General Terms and Conditions should be informed to the Lender by submission of a signed copy of the Most Important Document with the terms understood by the Borrowers.Further, each of the Borrowers shall be jointly and severely responsible for compliance to the terms of this loan sanction and for repayment of the loan amount disbursed.
This sanction letter will only be a letter of offer and shall stand revoked and cancelled, if there are any material changes in the proposal for which the Loan is sanctioned or; If any event occurs which, in our sole opinion is prejudicial to our interest or is likely to affect the financial condition of the Borrowers or his / her/ their ability to perform any obligations under the loan or; any statement made in the loan application or representation made is found to be incorrect or untrue or material fact has concealed or; upon completion of the validity period of 3 days of this offer unless extended by us in writing.
Principal Amount is @if($user['is_gst_applicable'] == 0 && $subvention > 0) ₹ {!! money_format('%!i',round((($principal_amount + $user['consumer_emi']->upfront_from_customer)-$subvention),0)) !!} @else ₹ {!! money_format('%!i',round($principal_amount + $user['consumer_emi']->upfront_from_customer)) !!} @endif
Best Regards,
{!! $lender['signed_by'] !!}
|
{!! $lender['name'] !!}
Non Banking Finance Company . CIN No. {!! $lender['cin'] !!}
Reg. Address
Office no. 501, B wing, Naman Midtown, Senapati Bapat Marg, Gokhale Road, Dadar West, Mumbai 400028
Corp. Address
6A, 6th Floor, Corporate Centre, Andheri Kurla Road, Near JB Nagar Metro Station, Andheri East, Mumbai 400059
{!! $lender['website'] !!} | {!! $lender['email'] !!}
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|
|
{!! $lender['name'] !!}
Non Banking Finance Company . CIN No. {!! $lender['cin'] !!}
{!! $lender['address'] !!}
{!! $lender['website'] !!} | {!! $lender['email'] !!}
|
CREDIT FAI₹
Credit Fair (K. M. Global Credit Private Limited)
Reg. Address
Office no. 501, B wing, Naman Midtown, Senapati Bapat Marg, Gokhale Road, Dadar West, Mumbai 400028
Corp. Address
6A, 6th Floor, Corporate Centre, Andheri Kurla Road, Near JB Nagar Metro Station, Andheri East, Mumbai 400059
www.creditfair.in | info@creditfair.in | 9967235047
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