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 are pleased to inform you that you are eligible for a loan facility from us as per the following terms:


make('admin.documents.common_KFS', array_except(get_defined_vars(), array('__data', '__path')))->render(); ?> make('admin.documents.common_hindi_KFS', array_except(get_defined_vars(), array('__data', '__path')))->render(); ?> make('admin.documents.common_marathi_KFS', array_except(get_defined_vars(), array('__data', '__path')))->render(); ?> 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.

insurance_premium_applicable == 1): ?>


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.

Principal Amount is ₹ approved_amount - $user['consumer_emi']->upfront_from_customer), 0)); ?>

Best Regards,

Non Banking Finance Company . CIN No.
|
Non Banking Finance Company . CIN No.
|
CREDIT FAI₹
Credit Fair (K. M. Global Credit Private Limited) 9, 902, Tower A, Naman Midtown
Senapati Bapat Marg, Dadar West, Mumbai, Maharashtra 400028
www.creditfair.in | info@creditfair.in | 9967235047