Sanction

SANCTION LETTER
Date: 20-04-2023
Aplication ID: 23000113
Borrower Name: Badal Singh
Communication Address: E2 27 Block E House No 34 South Patel Nagar Centra-Patel Nagar South
Mobile: 7633002311
Email ID:
Kind Attention: __Mr. / Mrs. Badal Singh
We Thank You for choosing Onetap loan owned by dhanadeepa consultant

Private limited.We pleased to inform you that we have in principally
approved loan to you as per the Terms and Conditions mentioned in this
letter.
Please note that the approved loan is subject to E-signing of definitive
documents, acceptance of standard & customary conditions as laid out in
the Sanction Letter and Loan Agreements/Documents, satisfactory
conclusion of the due diligence initiated by and/or behalf of the lender by
One Tap Platform.
This sanction Letter shall not be construed as a commitment from the

lender or One Tap Platform or any of their affiliates to enter into any
financing transaction or provide any facilities or arrange any financing.
1 Product/Facility Name Personal Loan
2 Sanctioned Amount 35000
3 Tenure 6
4 Rate of Interest 36
5 Interest Type Fixed
6 Purpose Consumer Durables
7 Processing Fees 5% of the Sanctioned amount plus applicable Taxes, amount

to 1750
8 Platform Fees 750
9 Validity of the Sanction Letter 03 days from the date of the Sanction Letter
10 Availability Period of Draw 03 days from the date of the Sanction Letter
Down
Repayment Details
11 PRE-EMI Amount (If 0

applicable)
(To be paid additionally on 1 Instalment Cycle Date)
12 EMI Amount 6461
13 No of Instalments 6
14 Repayment Mode E-Nach
15 Instalment Cycle Date 10th / 20th / 30th or 31st as may be the case
Please note that EMI Cycle date would be determined basis
the actual disbursement date, considering below logic:
For All disbursements between 01-10th of any month, the

repayment date shall be 10th of the subsequent month.
For All disbursements between 11-20th of any month, the
repayment date shall be 20th of the subsequent month.
For All disbursements between 21-31 of any month, the
repayment date shall be the last month date of the
subsequent month.
16 Instalment Frequency Monthly

17 Repayment Account & Bank 55550121924805IFSC FDRL0005555
Name
18 Repayment Schedule Repayment Schedule shall be communicated separately after

(Principal & Interest Breakup) actual disbursement which will carry Interest and Principal
Break-up appropriately.
Other Conditions & Charges
19 Default Interest / Overdue For any delay in any of the scheduled repayment (wholly or
Charges partially), a charge of 500 Rs and Taxes per EMI
20 Foreclosure /Prepayment 4% on POS (Principal Outstanding)

Charges
21 Part-Payment & Charges Not Allowed
22 Security Demand Promissory Note + Letter of Continuity
23 Legal Documents As per CTLs Standard format
24 Jurisdiction New Delhi
25 Classification & Upgradation If principal or Interest or any other amount remains overdue
of Special mention accounts (wholly or partially), then the Borrower’s loan account shall
(SMA) / Non Performing Asset reflect the asset classification (SMA/NPA) Status of an
(NPA) account at the day-end of that calendar date.
Basis of Classification:
SMA Sub Principal or Interest (wholly or Partly)

Categories overdue:
SMA 0 to 30 days
SMA - 1 More than 30 days and upto 60 days
SMA - 2 More than 60 days and upto 90 days
NPA More than 90 days
General Terms and Conditions
1. Borrower to sign digital agreements and authorize E-Nach/E-Mandate before the disbursement
date
2. PRE-EMI refers to the Interest Amount calculated for the period between the date of
disbursement and the EMI Date i.e. 10th or 20th or last date of the disbursement month. For
example - For a Disbursement of loan on 15th March 2023, the EMI Cycle date would be the
20th of every month starting from the Subsequent month. Hence for such loan PRE-EMI would
be payable on April 20, 2023 along with the actual EMI for a period of 05 days i.e. March 15,
2023 - March 19, 2023.
3. The borrower hereby accepts that there may be a time lag between disbursement of the facility
and the payment being received by them. Here the Borrower agrees and undertake that in such
case, they will pay the interest and shall not claim any type of refund.
4. The sanction of the above mentioned facility and all the terms and conditions mentioned in the
sanction letter are subject to execution of a Facility Agreement and other documents digitally
("Loan Agreement") in formats prescribed by CTL.
5. This sanction letter intends to summarize certain basic terms and conditions of the facility &
the Loan Agreement and does not reflect an agreement between CTL and the Borrower in
relation to the facility.
6. The facility documents shall contain additional Terms and Conditions which have not been set
out in this Sanction Letter, hence the Loan Agreement shall be read together with the Terms and
Conditions specified in this Sanction Letter.
7. This Sanction Letter shall stand revoked/cancelled and shall be rendered absolutely null and
void if:
8. The Borrower also agree and undertake that the full and final No Dues Certificate (NDC) may
take upto 03 (Three) working days from the date of receipt of the final or last
Instalment/Foreclosure amount.
Thanking You,
Dhanadeepa consultant Private limited
Authorized Signatory

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SANCTION LETTER

Kind Attention: __Mr. / Mrs. Badal Singh

We Thank You for choosing Onetap loan owned by dhanadeepa consultant

This sanction Letter shall not be construed as a commitment from the

2 Sanctioned Amount 35000

5 Interest Type Fixed

6 Purpose Consumer Durables

7 Processing Fees 5% of the Sanctioned amount plus applicable Taxes, amount

8 Platform Fees 750

11 PRE-EMI Amount (If 0

12 EMI Amount 6461

14 Repayment Mode E-Nach

For All disbursements between 01-10th of any month, the

16 Instalment Frequency Monthly

18 Repayment Schedule Repayment Schedule shall be communicated separately after

Other Conditions & Charges

20 Foreclosure /Prepayment 4% on POS (Principal Outstanding)

21 Part-Payment & Charges Not Allowed

22 Security Demand Promissory Note + Letter of Continuity

23 Legal Documents As per CTLs Standard format

24 Jurisdiction New Delhi

SMA Sub Principal or Interest (wholly or Partly)

SMA - 1 More than 30 days and upto 60 days

SMA - 2 More than 60 days and upto 90 days

NPA More than 90 days

General Terms and Conditions

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