@if(isset($user['co_applicant_name']) && $user['co_applicant_name'] == '') @endif upfront_from_customer; $principal_amount = 0; $subvention = 0; $total_interest = 0; $total_subvention = 0; ?> upfront_from_credit_fair - $user['consumer_emi']->processing_fee); ?> @if(isset($user['loan_schedule']) && $user['loan_schedule'] != '') @if(isset($user['loan_schedule']['schedule'][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 && $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: {!! $letter_date ?? date('d-m-Y') !!}

To,

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

{!! $user['address'] !!},    

@if(isset($user['co_applicant_name']) && $user['co_applicant_name']!= '')

&

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

{!! $user['co_address'] !!},    

@endif

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:


@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); } ?>


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.

Subsidy Prepayment
In cases where the Borrower receives a government subsidy for the solar project, the Borrower shall be obligated to prepay an amount equivalent to the subsidy to the Lender immediately upon receipt or within seven (7) days from the date of receipt, whichever is earlier. Such prepayment shall be applied towards the outstanding principal, and the Borrower shall be eligible for a corresponding interest benefit on the prepaid amount, in accordance with the applicable terms and conditions of the loan agreement as per the 3(3.4) of Subsidy Prepayment Clause. A penalty of 2% per month will be applied on the subsidy amount if the subsidy payment is not made within 7 days from the date of receipt of the same.

@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

Best Regards,

{!! $lender['signed_by'] !!}

@if($lender['name'] == "K. M. Global Credit Private Limited") @else @endif
{!! $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'] !!}
{!! $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