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Sanction BILLING Letter MEENA KUMARI

The letter informs Ashok Auto Sales that HDFC Bank has approved a loan of Rs. 9,99,000 to Meena Kumari Educational Society for the purchase of a Tata LP 709 chassis. The loan will cover 100% of the invoice cost of Rs. 9,99,000. Ashok Auto Sales is requested to book the vehicle on behalf of the client and provide required documents like receipt of down payment, full invoice with HDFC Bank's hypothecation, and motor insurance with HDFC Bank as hypothecation holder for processing the loan disbursement.

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5K views1 page

Sanction BILLING Letter MEENA KUMARI

The letter informs Ashok Auto Sales that HDFC Bank has approved a loan of Rs. 9,99,000 to Meena Kumari Educational Society for the purchase of a Tata LP 709 chassis. The loan will cover 100% of the invoice cost of Rs. 9,99,000. Ashok Auto Sales is requested to book the vehicle on behalf of the client and provide required documents like receipt of down payment, full invoice with HDFC Bank's hypothecation, and motor insurance with HDFC Bank as hypothecation holder for processing the loan disbursement.

Uploaded by

rama
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Loan Sanction Letter(ONLY FOR BILLING)

To, Date: 30.01.2020

ASHOK AUTO SALES


MATHURA

Dear Sir,

In ref to the loan application of M/s MEENA KUMARI EDUCATIONAL SOCIETY We are pleased to
inform you that we have agreed to extend loan facility for purchase TATA LP 709 CHASSIS a Loan Amount Rs
9,99,000/- per vehicle as per the annex attached below.

We understand that the facility would be utilized towards the purchase of vehicle. The payment will be issued
after the completion of all legal and documentation formalities by our client.

Customer Name M/s MEENA KUMARI EDUCATIONAL SOCIETY


Address PALWAL
Vehicle description TATA LP 709 CHASSIS
Invoice cost of Asset Rs 9,99,000/-
Loan Amount Rs 9,99,000/-
tamp Duty & PF. Rs 3700/-
Dealer Subvention NIL
Manufacture Subvention NIL
Net Release Amt Rs 9,95,300/-
Unit 1

Request you to kindly book the vehicle on behalf of the client on the above mentioned terms. Any changes over
and above this will be captured in our delivery order and same will be the basis of payment to be released by us.
In case of cancellation entire Disbursement amount including Stamp duty, PF and Emi to be refunded to the bank.
only
Request you to kindly arrange the following documents for processing the above mentioned disbursement.
Margin Money and Advance payment receipt if any applicable
Full Invoice of the Asset with the Hypo of HDFC Bank LTD.
Comprehensive Motor Insurance Cover note or Policy with Hypo of HDFC Bank LTD.

Thanking you,
For HDFC Bank Ltd.

Authorized Signatory

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