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Approval Letter

A loan application was approved for Rs. 2,890,000 with a 60 month tenure and monthly EMI of Rs. 61,050 to purchase a Mahindra XUV700 vehicle. The total down payment by the customer is Rs. 318,299 and documents including loan agreement, repayment instruction, insurance cover note, and margin money receipt must be submitted for loan disbursal.

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209 views2 pages

Approval Letter

A loan application was approved for Rs. 2,890,000 with a 60 month tenure and monthly EMI of Rs. 61,050 to purchase a Mahindra XUV700 vehicle. The total down payment by the customer is Rs. 318,299 and documents including loan agreement, repayment instruction, insurance cover note, and margin money receipt must be submitted for loan disbursal.

Uploaded by

hariharaboopathi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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APPROVAL LETTER

Date: 29/04/2024
City: KARAIKUDI

Name of Customer: RAJU POOBATHY MEDICARE PRIVATE LIMITED / PRABHU T K


Residence Address:
Office Address: 24/4 THENVADAL 100 FEET ROAD , MUNICIPAL PARK, KARAIKUDI, KARAIKUDI, 620001, TAMIL NADU, INDIA.

Dear RAJU POOBATHY MEDICARE PRIVATE LIMITED


We are Pleased to inform you that your loan application Ref No: 151881671 has been approved as per the details given below:

Loan Amount Asset Value Tenure EMI Model Total Down


Payment by
Customer
2,890,000 3,213,018 60 61,050 MAHINDRA 318299.0
XUV700 2.2 AX7
D AT
Your loan will be disbursed on receipt of the following documents:
1. Stamped Loan agreement.
2. Repayment Instruction (Post Dated cheques or Debit ECS Instruction or Standing Instruction for debit from account with HDFC Bank).
3. Invoice and insurance Cover note with hypothecation in favour of HDFC BANK Ltd. duly recorded thereon, Margin Money receipt.

Margin Money Advance EMI No of Advance EMI Registration No Name of


Supplier/Dealer
323,018 0 0 PPS MOTORS
PRIVATE LIMITED-
AL

Add on Product Yes/No Add on Product Amount Loan amount with Add on Add on Product
Product
No 0 2,890,000

Ex- Registration Insurance Accessories Discount Discount Discount Total Asset


Showroom Charges Amount (Rs.) Amount (Rs.) Offered by Offered by Offered by Cost (Rs.)
Price (Rs.) (Rs.) Dealer (Rs.) DSA (Rs.) Manufacturer
(Rs.)
2,593,999 519,079 99,940 0 0 0 0 3,213,018
You are also request to note as follows:
1. This Sanction letter is valid for a maximum of 15 days from the date of issue and subject to terms/condition as stated above. Any change in
terms /Condition would require a fresh sanction letter.
2. This must not be treated as a "delivery order" in respect of the vehicle.
3. It is assumed that you have inspected the vehicle and satisfied yourself of the quality thereof. Bank will not be liable for any defect or delay in
delivery or any service issue concerning the Dealer/Regional Transport Office/Insurance Company or any other intermediary involved in the
deal.
4. The vehicle has to be registered at either of the address mentioned above.
5. The amount of EMI is subject to change in interest rate if in case announced by the bank.
6. Processing Fees and other charges will be applicable as per schedule of Charges.
7. All cheques must strictly be issued in favour of HDFC Bank Ltd A/c <AUTO LOAN BHARAT LOAN> <RAJU POOBATHY MEDICARE
PRIVATE LIMITED>. The Loan agreement number <151881671> be written/recorded on the reverse of each cheque. Bank will not be
responsible for any misuse of cheques that are not issued in the manner indicated above.
8. Bank shall not be liable for any failure to perform its obligations where such a failure is due to circumstances beyond control of the bank.
9. The Final loan amount would be disbursed only on satisfactory receipts of above mentioned document to the dealer Mentioned above as per
your request.
10. The amount sanctioned is arrived basis representations made by the Borrower and the dealer as regards cost of the vehicle,registration
charges and insurance premium. At any time after disbursal of the loan, if the bank in its assessment finds that the amount so sanctioned and
disbursed was in excess of the agreed LTV, the bank reserves its right to seek refund of such excess amount. The dealer/borrower shall upon
demand by the bank refund any such excess amount to the bank. Further, the dealer shall not refund to the borrower any amount, under any
circumstances whatsoever, without the explicit consent of the bank.
11. This approval is subject to positive verifications as per Bank Internal policies.

Thanking you

Yours truly
For HDFC Bank Ltd.

--------------------------------
(Authorised Signatory)
<This is computer generated advice and does not require signature>
CC: 194930-CHINNAPPAN
P.S.
- Please note that this approval is valid subject to all the documents given by yourself are in order.
- Please issue all cheques in favour of HDFC Bank Ltd A/c <AUTO LOAN BHARAT LOAN> <RAJU POOBATHY MEDICARE PRIVATE
LIMITED>
- The approval letter will be valid only if the pre-disbursal documents are submitted by the sourcing channel.

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