Date: {!! $letter_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:

@if(isset($signed_data[0])) @else @endif @if($user['merchant_id'] == 143) @else @endif upfront_from_credit_fair - $user['consumer_emi']->processing_fee); ?> upfront_from_customer; $principal_amount = 0; $subvention = 0; $total_interest = 0; $total_subvention = 0; ?> @if(isset($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) { $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)){ $aprrate = 0; } ?> @if($user['consumer_emi']->upfront_from_customer) @endif 'Flat Balance Amount (Annualized)', 2 => 'Reducing', 3 => 'Flat Fixed Amount (Annualized)',4 => 'Flat (Non-Annualized)']; ?> @if(isset($user['cfplr_value'])) @else @endif @if(isset($user['proFormaInvoice']->insurance_premium_applicable) && $user['proFormaInvoice']->insurance_premium_applicable == 1 && $user['merchant_insurance'] == 1) @if(isset($user['total_insurnace_permium'])) @else @endif @endif approved_amount - ($user['consumer_emi']->upfront_from_customer); if ($user['is_gst_applicable'] == 0 && $loan_schedule['subvention']) { $netDisb -= $total_subvention; } ?> 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; ?> remaining_emi * 30 >= 7){ $cool_off = 4; }else{ $cool_off = 1; } ?> @if($user['purpose_of_the_loan'] == "Personal Loan") @else @endif @if($user['purpose_of_the_loan'] != "Personal Loan") @endif

Sr.No.	Particulars	Details
{!! $index++ !!}.	Agreement Number	{!! $user['application_id']!!}
{!! $index++ !!}.	Loan application date	{!! date('d-m-Y',strtotime($user['loan_application_date'])) !!}
{!! $index++ !!}.	Loan Agreement date	{!! date('d-m-Y',strtotime($signed_data[0]['click_time'])) !!}	{!! date('d-m-Y',strtotime($user['date_of_reference'])) !!}
{!! $index++ !!}.	Details of the Lender	{!! $lender['name'] !!}
{!! $index++ !!}.	Name of the Borrower @if(isset($user['co_applicant_name']) && $user['co_applicant_name'] != '') Name of the Co-Borrower @endif	{!! $user['customer_name'] !!} @if(isset($user['co_applicant_name']) && $user['co_applicant_name'] != '') Co-Borrower: {!! $user['co_applicant_name'] !!} @endif
{!! $index++ !!}.	Purpose of the loan	Education Loan	{!! $user['purpose_of_the_loan'] !!}
{!! $index++ !!}.	(i) Transaction Amount	₹ {!! money_format('%!i',$user['consumer_emi']->approved_amount) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->approved_amount) !!} )
{!! $index++ !!}.	(ii) Down Payment	₹ {!! money_format('%!i',$user['consumer_emi']->upfront_from_customer) !!} /- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->upfront_from_customer) !!} )
{!! $index++ !!}.	(iii) Loan amount (amount disbursed/to be disbursed to the borrower) @if($user['consumer_emi']->upfront_from_customer) (i) - (ii) @endif	₹ {!! 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) !!} )
{!! $index++ !!}.	(iv) Total interest charge during the entire tenor of the loan	₹ {!! money_format('%!i',$total_interest) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($total_interest) !!} )
{!! $index++ !!}.	A) Current Creditfair Prime Lending Rate (Floating)	{!! $user['cfplr_value'] !!} %
{!! $index++ !!}.	B) Spread over creditfair prime lending rate	{!! $user['consumer_emi']->interest_rate - $user['cfplr_value'] !!} %
{!! $index++ !!}.	C) Rate of Interest (A+B)	{!! $user['consumer_emi']->interest_rate !!} % / ({!! $interest_types[$user['consumer_emi']->interest_type_id] !!})
{!! $index++ !!}.	Interest Rate Type	Floating*
{!! $index++ !!}.	(v) Rate of Interest	{!! $user['consumer_emi']->interest_rate !!} % / ({!! $interest_types[$user['consumer_emi']->interest_type_id] !!})
{!! $index++ !!}	(v) Other up-front charges, if any (break-up of each component to be given below) (a + b)	₹ {!! money_format('%!i',$amountAB) !!}
{!! $index++ !!}.	(a) Insurance Premium	₹ {!! money_format('%!i',$user['vendor_insurnace_permium']) !!}
{!! $index++ !!}.	(b) CF Insurance Processing Fees + 18% GST	₹ {!! money_format('%!i',$user['cf_insurance_processing_fees']) !!}
{!! $index++ !!}	(v) Other up-front charges, if any (break-up of each component to be given below) (a + b)	₹ {!! money_format('%!i',$amountAB) !!}
{!! $index++ !!}.	(b) Insurance Premium	₹ {!! money_format('%!i',$user['proFormaInvoice']->insurance_premium_amount) !!}
{!! $index++ !!}.	(vi) Net disbursed amount @if($user['merchant_processing_collected'] == 1) (iii) @endif	₹ {!! money_format('%!i',($netDisb)) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($netDisb) !!} )
{!! $index++ !!}.	(vii) Processing fees (including GST), if any	₹ {!! number_format($user['consumer_emi']->processing_fee) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->processing_fee) !!} )
{!! $index++ !!}.	Total amount to be paid by the borrower (iv) insurance_premium_applicable) && $user['proFormaInvoice']->insurance_premium_applicable == 1) { ?> + (v) + (vi) processing_fee){ ?>+ (vii)	₹ {!! number_format(($amountCB)) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords(($amountCB)) !!} )
{!! $index++ !!}.	Annual Percentage Rate - Effective annualized interest rate	{!! $aprrate !!}%
{!! $index++ !!}.	Amount of each installment of repayment	₹ {!! number_format($user['consumer_emi']->emi) !!}/- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->emi) !!} )
{!! $index++ !!}.	Installment due date	@php $emiDate = date('d', strtotime($user['consumer_emi']->emi_date)); @endphp @if ($emiDate == '05') 5th of every month @elseif ($emiDate == '18') 18th of every month @else {!! date('Y-m-d', strtotime($user['consumer_emi']->emi_date)) !!} @endif
{!! $index++ !!}.	Tenor of the Loan (in months/days)	{!! $user['consumer_emi']->tenure !!} months
{!! $index++ !!}.	Repayment frequency by the borrower	Monthly
{!! $index++ !!}.	Number of installments of repayment	{!! $user['consumer_emi']->remaining_emi !!} Installments
{!! $index++ !!}.	Prepayment charges	Zero
Details about Contingent Charges
{!! $index++ !!}.	Rate of annualized penal charges in case of delayed payments (if any)	54.75% on outstanding amount
{!! $index++ !!}.	Late Payments /Cheque /ECS /NACH dishonoured charges	₹ 300/- per late payment OR dishonor of cheque/ECS/NACH per presentation. Two successive cheque bounces/ auto debit failure will lead to loan recall notice being issued
Other disclosures
{!! $index++ !!}.	Cooling off/look-up period during which borrower shall not be charged any penalty on prepayment of loan	{!! $cool_off !!} days
{!! $index++ !!}.	Details of LSP acting as recovery agent and authorized to approach the borrower	https://creditfair.in/list-of-lsp
{!! $index++ !!}.	Name, Designation, Address and Phone number of nodal grievance redressal officer designated specifically to deal with FinTech/ digital lending related complaints/ issues	Name: Shraddha Mandlik Designation: Grievance Redressal Officer Address: Grievance Redressal Officer BlackSoil Capital Private Limited 9, 6A, 6th Floor, Corporate Centre, Andheri Kurla Road, Near JB Nagar Metro Station, Andheri East, Mumbai 400059. Telephone no.: +91 9137504870 E-mail ID.: grievance@creditfair.in https://creditfair.in/grievance-policy
{!! $index++ !!}.	Undated Cheques & Cash Collection	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.
{!! $index++ !!}.	Details of the Merchant	Name: {!! $user['customer_name'] !!} Address: {!! $user['address'] !!}	Name: @if(isset($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 Address: {!! $user['merchant_address'] !!}
{!! $index++ !!}.	General Terms and Conditions	General Terms and Conditions registered on the {!! date('d/m/Y',strtotime($lender['registaration_date'])) !!} with the SubRegistrar of Assurances {!! $lender['SubRegistrar'] !!}, Vide registration no. {!! $lender['vide_registration'] !!} in Book No. - Vol. No. -from pages {!! $lender['firstpage'] !!} to {!! $lender['lastpage'] !!} will be applicable for the Loan availed by the Borrower. The same shall form part and parcel of this Most Important Document https://creditfair.in/privacy-policy
{!! $index++ !!}.	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 floating interest rate will be linked to the Credit Fair Prime Lending Rate (CFPLR), which will be updated on the lender's website from time to time according to Credit Fair's policy. The lender has the right to modify CFPLR due to external factors like increase in cost of funds, changes in regulatory policies etc. and also spread thereon owing to slippage in risk profile of the borrower, non-compliance with approved terms and conditions etc. Any change in CFPLR or Spread or both may lead to change in EMI amount/tenor or both. If you wants to change the interest rate type from Floating Interest Rate to Fixed Interest Rate then charges may be applicable as per the prevailing policy of the company.

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 Clause:
The Lender has indicated to the Borrower / Guarantor about the availability of insurance cover. The Borrower and / or Guarantor may opt for a Life Insurance cover and have explicitly indicated the option for insurance cover in the application form. The Borrower / Guarantor hereby acknowledges that the insurance cover is optional and is at the request of the Borrower. It is clearly understood by the Borrower and the Guarantor that the Lender is not liable for admission of any claim by the insurance company and the settlement thereto. The Borrower/Co-Borrower hereby authorizes the Lender to receive any claim amount that may be paid by the Insurance Company as against any Insurance Policy that may have been taken by the Borrower (at the option of the Borrower), and appropriate the same to the loan account of the Borrower. In the event the claim amount is not sufficient to cover the liability in the account, the Borrower hereby undertakes to remit the balance due under this Agreement. The discharge given by the Lender to the Insurance Company on behalf of the Borrower.

{!! $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 (BlackSoil Capital 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