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, Blacksoil Capital Private Limited (Lender) are pleased to inform you that you are eligible for a loan facility from us as per the following terms:


make('admin.documents.blacksoil.kfs', array_except(get_defined_vars(), array('__data', '__path')))->render(); ?>
INDICATIVE REPAYMENT SCHEDULE UNDER EQUATED PERIODIC INSTALMENT
(Final/revised repayment schedule will be shared with welcome letter)
addLoop($__currentLoopData); foreach($__currentLoopData as $loan_schedule): $__env->incrementLoopIndices(); $loop = $__env->getLastLoop(); ?> processing_fee_first_emi) && $user['merchant_offer']->processing_fee_first_emi && $loop->first && $user['consumer_emi']->processing_fee) { $emi_amount += $user['consumer_emi']->processing_fee; } if ($user['is_gst_applicable'] == 0) { $interest_payable = $loan_schedule['interest'] + $loan_schedule['subvention']; } else { $interest_payable = $loan_schedule['interest']; } $principal_payable = $loan_schedule['amount'] - $interest_payable; $total_principal += $principal_payable; $total_interest += $interest_payable; $outstandingPrincipal += $loan_schedule['fore_closure_amount']; $repayable_table += $emi_amount; ?> popLoop(); $loop = $__env->getLastLoop(); ?>
Installment No. Outstanding Principal (in Rupees) Principal (in Rupees) Interest (in Rupees) Installment (in Rupees)
iteration); ?> ₹ ₹ ₹ ₹
Total ₹ ₹ ₹upfront_from_customer, 2)); ?>
addLoop($__currentLoopData); foreach($__currentLoopData as $key => $loan_schedule): $__env->incrementLoopIndices(); $loop = $__env->getLastLoop(); ?> processing_fee_first_emi) && $user['merchant_offer']->processing_fee_first_emi && $loop->first && $user['consumer_emi']->processing_fee) { $emi_amount += $user['consumer_emi']->processing_fee; } if ($loan_schedule['bpi_interest'] > 0) { $total_repayable_new += $loan_schedule['bpi_interest']; } $total_repayable_new += $emi_amount; $total_principal_new += $loan_schedule['principal_comp']; $total_interest_new += $loan_schedule['interest_comp']; ?> 0): ?> 0): ?> popLoop(); $loop = $__env->getLastLoop(); ?>
Installment No. Outstanding Principal (in Rupees) Principal (in Rupees) Interest (in Rupees) Installment (in Rupees)
Pre-EMI ₹ NA NA NA
₹ ₹ ₹ ₹
Total ₹ ₹ ₹upfront_from_customer, 2)); ?>
upfront_from_customer); $annualized_interest_rate = round(((($repayable - $principal) / $principal) * ($frequecy_multiplier / $user['consumer_emi']->remaining_emi)) * 100, 2); } ?>


Each of the Borrowers hereby confirms that the contents of this Agreement/terms and conditions were read out and explained to them and they have understood the same.

IN WITNESS WHEREOF, the Parties hereto have executed these presents at the place and on the day, month, and year mentioned hereinabove.

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.

insurance_premium_applicable == 1): ?>

Best Regards,

BlackSoil Capital Private Limited
Non Banking Finance Company . CIN No. U67120MH1995PTC084946
Tower A, 502, Peninsula Corporate Park, Senapati Bapat Marg, Lower Parel (W), Mumbai – 400 013, Maharashtra