Scribd Logo
Upload

Welcome to Scribd!

  • 52 views

    Foreclosure Letter: Particulars

    Uploaded by

    Vishal Singh
    This foreclosure letter provides details of a loan taken out by Anavar Husain for a Jupiter 110 CC motorcycle. The loan had a tenor of 18 months, an EMI amount of Rs. 2980, and an amount financed of Rs. 46700. As of the foreclosure date of 23/07/2018, Rs. 40456 had been received, leaving a future principal of Rs. 14252 to be paid off. The total foreclosure amount is Rs. 11914, which must be paid by 06/08/2018 to close out the loan. Interest will continue to accrue until full payment is made.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Foreclosure Letter: Particulars

    Uploaded by

    Vishal Singh
    52 views1 page
    This foreclosure letter provides details of a loan taken out by Anavar Husain for a Jupiter 110 CC motorcycle. The loan had a tenor of 18 months, an EMI amount of Rs. 2980, and an amount financed of Rs. 46700. As of the foreclosure date of 23/07/2018, Rs. 40456 had been received, leaving a future principal of Rs. 14252 to be paid off. The total foreclosure amount is Rs. 11914, which must be paid by 06/08/2018 to close out the loan. Interest will continue to accrue until full payment is made.

    Original Description:

    5

    Original Title

    Jasper-2

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    This foreclosure letter provides details of a loan taken out by Anavar Husain for a Jupiter 110 CC motorcycle. The loan had a tenor of 18 months, an EMI amount of Rs. 2980, and an amount financed of Rs. 46700. As of the foreclosure date of 23/07/2018, Rs. 40456 had been received, leaving a future principal of Rs. 14252 to be paid off. The total foreclosure amount is Rs. 11914, which must be paid by 06/08/2018 to close out the loan. Interest will continue to accrue until full payment is made.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    52 views1 page

    Foreclosure Letter: Particulars

    Uploaded by

    Vishal Singh
    This foreclosure letter provides details of a loan taken out by Anavar Husain for a Jupiter 110 CC motorcycle. The loan had a tenor of 18 months, an EMI amount of Rs. 2980, and an amount financed of Rs. 46700. As of the foreclosure date of 23/07/2018, Rs. 40456 had been received, leaving a future principal of Rs. 14252 to be paid off. The total foreclosure amount is Rs. 11914, which must be paid by 06/08/2018 to close out the loan. Interest will continue to accrue until full payment is made.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 1

    Foreclosure Letter

    Date : 23/07/2018
    Name : ANAVAR HUSAIN
    cust no : 0008761390
    Address : S/O NAWAB AKBAR HUSAIN,85 MEERANPUR AKBAR PUR AMBEDKAR NAGAR,,NEAR ASHOK SAMARAK,,UTTAR
    Phone : PRADESH,Ambedkar Nagar - 224122

    Dear Sir/Madam,

    This is with reference to your request for foreclosure of Agreement No : UP3043TW0027061

    The details are as follows:

    Particulars

    ASSET TYPE JUPITER 110 CC


    DEALER NAME K S AUTO SALES
    TENOR 18.00
    EMI AMOUNT 2980.00
    AMOUNT FINANCED 46700.00
    TOTAL PAYABLE 11914.00
    TOTAL PAYABLE TILL FORECLOSURE DATE 38740.00

    TOTAL RECEIVED TILL FORECLOSURE DATE 40456.00

    OVERDUE 0.00

    FIRST INSTALLMENT DATE 07/07/2017

    MATURED INSTALLMENTS 13.00

    DATE OF FORECLOSURE 23/07/2018

    RATE OF FORECLOSURE 3%

    ORIGINAL IRR 25.85


    FCC IRR 2.13

    FORECLOSURE CALCULATION ON

    FUTURE PRINCIPLE 14251.86


    ADD: BROKEN PERIOD INTEREST 213.90
    ADD: BP OVERDUE @ 2% 0.00
    ADD: OVERDUE 0.00
    ADD: AFC AS PER ANNEXURE 0.00
    ADD: CHEQUE BOUNCE CHARGES 0.00
    ADD: COL. CHARGES 0.00
    ADD: LEGAL CHARGES 0.00
    ADD: SEIZURE CHARGES 0.00
    ADD: FORECLOSURE CHARGES @ 3% 427.56
    ADD: OTHER CHARGES 0.00

    LESS: ADVANCE INSTALLMENTS 2980.00


    LESS: ADVANCE INSURANCE 0.00
    LESS: CLEARING CHARGES 0.00
    LESS: INSTALLMENT RECEIVED IN ADVANCE 0.00

    TOTAL FCL AMOUNT 11914.00

    FUTURE PRINCIPAL 14251.86


    BP INTEREST 213.90

    Kindly Note that:

    1. Interest will be charges at the sanctioned rate.


    2. We will send your unutilized post-dated cheques when you foreclosure the loan.
    3. If you decide to foreclose, please make the payments of the above Total Amount Payable through a cash or draft
    4. Overdue interest per year is 36%
    5. Above foreclosure working is valid upto 06/08/2018
    6. Per day interest of Rs. 6.90

    For any clarification please feel free to call us at 1800 425 3883
    *Please mention the loan agreement no for all future correspondence. This is a computer generated letter and does not require any
    signature (s)

    You might also like