Ref. No.: Application ID
Date: {!! $letter_date ?? date('d-m-Y') !!}
Sanction Letter
To {!! $user['customer_name'] !!},
Dear @if($user['gender'] == "MALE") Sir @else Ma'am @endif,
Thank you for your loan application dated {!! date('d M Y', strtotime($user['loan_application_date'])) !!}. We, Avanse Financial Services Ltd. ("the Lender") are pleased to inform you that based on your loan application, we have agreed to sanction you the Loan facilities subject to its terms and conditions. The sanctioned details are mentioned below, which shall form part of the loan agreement and/or terms and conditions prescribed by the Lender:-:
Facility Details:
| Schedule for Loan | ||
|
{!! $i++ !!}. |
Borrower's Name |
{!! $user['customer_name'] !!} |
|
{!! $i++ !!}. |
Borrower's Address |
{!! $user['address'] !!} |
|
{!! $i++ !!}. |
Borrower's Email & Phone Number |
{!! $user['customer_email'] !!} {!! $user['customer_mobile'] !!} |
|
{!! $i++ !!}. |
Co-Borrower's Name |
{!! $user['co_applicant_name'] !!} |
|
{!! $i++ !!}. |
Co-Borrower's Address |
{!! $user['co_address'] !!} |
|
{!! $i++ !!}. |
Co-Borrower's Email & Phone Number |
{!! $user['co_address'] !!} |
|
{!! $i++ !!}. |
Purpose (Institute/Course Name) |
@if($user['merchant_id'] == 143) Education Loan @else {!! $user['purpose_of_the_loan'] !!} @endif |
|
{!! $i++ !!}. |
Application Number |
|
|
{!! $i++ !!}. |
Loan Amount |
₹ {!! $user['consumer_emi']->approved_amount !!} /- (Rupees {!! \App\Http\Controllers\Admin\ConsumerDocument::convertAmountToWords($user['consumer_emi']->approved_amount) !!}) |
|
{!! $i++ !!}. |
Tenure |
@if($user['merchant_collected_advance_amount'] == 0 && $user['merchant_offer']->advance_type == 'emi') {!! $user['consumer_emi']->tenure - $user['consumer_emi']->advance_emi. ' months' !!} @else {!! $user['consumer_emi']->tenure. ' months' !!} @endif |
|
{!! $i++ !!}. |
Advance |
@if($user['merchant_collected_advance_amount'] == 1) @if(!empty($user['consumer_emi']->advance_emi) && !empty($user['consumer_emi']->emi)) {{--{!! intval($user['consumer_emi']->advance_emi / $user['consumer_emi']->emi) !!} (to be paid before disbursement/ to be adjusted from disbursement)--}} @if($user['merchant_offer']->advance_type == 'emi') {!! $user['consumer_emi']->advance_emi !!} EMI @elseif($user['merchant_offer']->advance_type == 'fixed_amount') Rs. {!! $user['consumer_emi']->advance_emi !!} @else {!! $user['consumer_emi']->advance_emi !!}% @endif @endif @else 0 @endif |
|
{!! $i++ !!}. |
Rate of interest (ROI) |
{!! $user['consumer_emi']->interest_rate !!} %
@if($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++ !!}. |
Subvention Fees |
upfront_from_customer;
}
$subventionAmount = (($user['loan_amount'] - $downpayment) * $user['consumer_emi']->subvention) / 100;
$subventionAmount = $user['consumer_emi']->partial_subvention_amount ?? $subventionAmount;
?>
₹ {!! intval($subventionAmount) !!} Payable by merchant |
|
{!! $i++ !!}. |
Default Charges/ Penal Interest |
2% per month |
|
{!! $i++ !!}. |
Repayment Schedule /EMI Amount |
Indicative EMI:
@if(!empty($user['consumer_emi']['emi']))
{{'INR ' .$user['consumer_emi']['emi']}}
@endif
|
|
{!! $i++ !!}. |
Fees & charges |
Cheque/ECS bounce charges INR 500 + GST
Interest on late payment of EMI: 2% per month |
|
{!! $i++ !!}. |
Merchant’s/Institute’s Name |
Name: @if(!$bankDetail && isset($user['center_name']) && $user['center_name']) () @else @if($user['merchant_name']) () @endif @endif |
|
{!! $i++ !!}. |
Channel/Service Provider's Name |
BlackSoil Capital Private Limited |
|
{!! $i++ !!}. |
Validity period of this offer |
Not applicable |
|
{!! $i++ !!}. |
Specific Condition |
(1) Borrowers shall submit valid and requisite documents and meet credit underwriting norms of the Lender. |
Additional Specific Instructions for availing the Loan:
1) Disbursement shall be into the account specified by the Merchant. Entire Loan amount along with outstanding interest (if applicable) and charges to be received from the Borrower before loan foreclosure notwithstanding the actual disbursement from the Lender to the Institute, or by procuring payment of outstanding Loan to the Lender, from the Merchant’s and/or Institutes Account.
2) Any change in ROI and/or other charges shall be applicable prospectively.
3) The sanction is subject to Lender’s absolute discretion and may be revoked by the Lender as the Lender may deem fit including in the event any condition precedents are not complied with. The Loan facility shall be governed by the terms and conditions prescribed by the Lender and/or the loan agreement, that shall be accepted by the Borrower/s in addition to this Sanction Letter.
4) This sanction letter shall form an integral part of the loan agreement and/or the applicable terms and conditions.
We assure you of our best services at all times.
Warm Regards,
From Avanse Financial Services Ltd.
@if(isset($signed_data[0])){{$language_consent['consent']}}
@endif @endforeach{!! $user['customer_name'] !!} (Applicant) signed this agreement at {{ date('h:i A',strtotime($signed_data[0]['click_time']))}} on {{ date('d-M-Y',strtotime($signed_data[0]['click_time']))}}
{{$language_consent['consent']}}
@endif @endforeach{!! $user['co_applicant_name'] !!} (Co-Applicant) signed this agreement at {{ date('h:i A',strtotime($signed_data[1]['click_time']))}} on {{ date('d-M-Y',strtotime($signed_data[1]['click_time']))}}