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Date:
To,
(Borrower),
,
E-mail:
Mobile: .
SUB: Demand notice for recovery of pending outstanding against the loan facility provided to you.
Respected Sir,

                     I am concerned and authorized officer of K. M. Global Credit Private Limited (herein referred as my company), having its registered address at Credit Fair (K. M. Global Credit Private Limited) Office no. 501, B wing, Naman Midtown, Senapati Bapat Marg, Gokhale Road, Dadar West, Mumbai 400028. and Corporate Office Address at 6A, 6th Floor, Corporate Centre, Andheri Kurla Road, Near JB Nagar Metro Station, Andheri East, Mumbai 400059 and this notice is to demand pending outstanding as per the agreement executed between my company and you addressee (the borrower) and the details of the same are as following:
  1. My company is one of the leading Non-Banking Financial Service company as per the provisions of the Reserve Bank of India Act, 1934 engaged in the business of providing financial assistance and loan facilities for various purposes.
  2. That you addressee (herein referred as the “borrower”), approached my company and requested to sanction a loan facility of Rs., for monthly installment of Rs.emi); ?>/-.
  3. Pursuant to the sanction letter, the borrower duly executed and signed following documents:
    1. Most Important Document
    2. General Terms and Conditions (Loan Agreement) bearing Agreement No.
    3. Demand Promissory Note
    4. Vernacular Declaration.
    5. Undated Cheques.
    6. Completed auto debit NACH Form.
    7. The Borrower has duly acknowledged all the terms and condition of the above-mentioned documents. (Most importantly (b) General Terms and Conditions i.e Loan Agreement)
  4. That after duly executing the above-mentioned documents and after acknowledging all the terms and condition of the Loan Agreement’s “General Terms and Conditions”, the borrower was sanctioned the loan and the same has been duly utilized.
  5. That even after promising to pay the monthly instalments on due time against the above-mentioned loan, the borrower has miserably failed to pay the agreed month instalment amount as per the General Terms and Conditions (Loan Agreement) and as per the Most Important Document and hence till date the principal amount of Rs./- is due and outstanding.
  6. My company states that it has time and again reminded to the borrower to repay the Loan amount under the above said General Terms and Conditions (Loan Agreement) along with delay payment charges of 0.15% per day, that despite several reminder to the borrower, he has failed to pay the same and neglected to repay the Loan Amount.






My company states that due to the default in payment by the borrower of the monthly instalment amount and duly to the delay payment charges on the principal amount the total amount due has now reached to Rs./-. Hence, I finally call upon you to refund the pending outstanding within 15 days of the receipt of this notice, failing which my company shall be constrained to initiate all civil, arbitral as well as criminal appropriate legal proceedings against you, all at your costs and consequences.
Thank You,
Mr.Imran Khan
Senior Manager
Operations & Collections

K. M. GLOBAL CREDIT PVT. LTD. | CIN U65999MH2018PTC308921
Credit Fair (K. M. Global Credit Private Limited) 6A, 6th Floor, Corporate Centre, Andheri Kurla Road, Near JB Nagar Metro Station, Andheri East, Mumbai 400059.