Sanction Letter

Date 26/07/2024

Main Applicant SHANTHINI MARKETING

DOOR NO 39/1, SENGENIAMMAN KOIL STREET, SIRUSERI, PUDUPAKKAM, TAMIL NADU,

Main Applicant Address
603103

Main Applicant Contact

6380000473
No.

Branch: CHENNAI PRIME-CHE001

Name of Guarantor(s) / Co-borrowers(s)

VENKATESAN SHANTHINI DURAI VENKATESAN

Subject: LAF ID: LCHU035820240718173415

Dear Sir/Madam,

We thank you for applying for an unsecured loan with UGRO Capital Limited (“UGRO”). We are pleased to inform you that, based on your
loan application and details provided by you, loan facility has been sanctioned to you in principle as per the terms and conditions mentioned
below:

Loan Type Unsecured Loan (“Facility”)

Program Name USL-Sanjeevani Program - Unsecured
Loan Amount Sanctioned Rs. 20,20,000
Purpose of the Loan Business Use
Tenure of the Loan 36 months
Interest Type Fixed
Interest Payable Monthly
Rate of Interest 19 % per annum
Installment Amount/ Graded Installments Rs. 74,045 for a period of 36 months
Break up of total amount payable (Amount in
INR) Principal * Indicative Interest * Indicative Total
(Excluding Pre EMI/Broken Period Interest) Amount Amount
20,20,000 6,45,620 26,65,620

Note: *Amounts are indicative and will be subject to change depending upon on the
actual date of disbursement, change in rate of interest, if any and not inclusive of other
applicable charges payable in the event of default in repayment.
Frequency of repayment Monthly
Repayment cycle date 3rd of every month
EMI/ Installment date
(Exact dates of repayment depends on the "If the case disbursed between 4th – 17th of the month then the EMI Date will be 3rd
disbursement date and the same shall be
of next month."
mentioned in the loan agreement and
repayment schedule which shall be shared with
the Borrower post disbursement) “If case disbursed between 18th of the cureent month – 3rd of the next month, then the
EMI Date will be 3rd of next to next month and Pre- Instalment Interest date will be

UGRO CAPITAL LTD.

Registered Office Address: Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla(West), Mumbai 400070
CIN: L67120MH1993PLC070739
Telephone: 1800-202-8476 I E-mail: [email protected] I Website: www.ugrocapital.com
 3rd of next month.”

Fees and Other Charges Processing Fee (including GST): Rs. 47,672
(Non- Refundable) Pre-EMI (Per Day): Rs. 1,052
Fee received with Application Form: NA
(* subject to realization of funds)
Number of Advance Instalments NA
Instalment Mode Arrear
Penal Charges 3% pm
Pre/Part loan payment
Foreclosure Charges • 6% + GST of principal outstanding for loan foreclosed within 12 months of
* Please note that there are no charges on loan sanction.
foreclosure or prepayment on floating rate term
• 5% + GST of principal outstanding for loan foreclosed after 12 months of
loans sanctioned only to individual borrowers
for other than business purposes loan sanction

Lock in period Lock in period of 12 months from the date of disbursal will be applicable on the
Loan during which the Borrower shall not be entitled to make part prepayment or
foreclosure unless otherwise specifically approved or permitted by the Lender, at
its sole discretion, subject to payment of the applicable charges as mentioned
above.

The schedule/ detailed list of charges is displayed on the website of UGRO Capital Limited the link of the same is:
https://www.ugrocapital.com/interest-rate-model-and-schedule-charges.
Please note that the facility will be subject to the following terms and conditions:

1. Applicable rate of interest is annualized & fixed in nature.

2. This sanction is subject to positive credit report with a credit information company, other FCU/ FI reports and payment / clearance of
processing / application fee. Further, the terms of sanction contained herein are subject to review by UGRO from time to time.
3. Any material fact concerning the borrower’s / guarantor’s income / ability to repay / any other relevant aspect should be disclosed and
not suppressed or concealed in your proposal for the Facility.
4. All statutory taxes, duties and levies under the applicable laws, as may be amended from time to time, shall be additionally payable by
you.
5. The additional sanction conditions applicable are

1. OHP to be documented 2. Repayment to be taken from HDFC Bank India50200039930322CA 3. FI and

FCU reports to be positive 4. Jun 24 GSTR3 to be documented before disbursement

We would like to inform you that the issuance of this in-principle sanction letter shall not guarantee the loan disbursement which will be done
at the sole discretion of UGRO. It shall neither constitute an offer nor a contract.
As a token of acceptance of this sanction, you are requested to return a copy of this letter duly signed and accepted by you and other co-

UGRO CAPITAL LTD.

Registered Office Address: Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla(West), Mumbai 400070
CIN: L67120MH1993PLC070739
Telephone: 1800-202-8476 I E-mail: [email protected] I Website: www.ugrocapital.com
borrower(s). The sanction will remain valid for a period of 60 days from the date of issue thereof.
UGRO reserves the rights to anytime assign/sell/transfer or enter into co-lending arrangement regarding amount under Facility or any part
thereof to/with any other financial institution or bank as maybe decided by UGRO in its absolute discretion.
In case of any query you may have regarding sanctioning of this loan facility, kindly contact our customer service team through any of the
channels mentioned below.
Yours Sincerely,

Authorized Signatory
UGRO Capital Limited
I / We understand and accept the above terms and conditions for availing the Facility.

VENKATESAN SHANTHINI DURAI VENKATESAN

Signatures of all authorized signatories on company stamp

For any inquiry:
Call us at – 1800-202-8476 | Email us at – [email protected]
Write to us at – UGRO Capital Limited, Equinox Business Park, Tower – 3, Fourth Floor, Off BKC,
LBS Road, Kurla, Mumbai – 400070
Visit our website – www.ugrocapital.com
Other terms and conditions:

1. Disbursement shall be subject to execution of transaction documents and the facility/ loan agreement and other transaction documents
may / will contain terms and in addition to or in modification of those set out in this letter.
2. The continuance of the Facility is subject to cancellation and / or repayment to UGRO on demand without assigning any reason for the
same.
3. UGRO is entitled to add to, delete or modify all or any of the terms and conditions for the facility and/or the Standard Terms
applicable to the Facility.
4. The borrower/s shall immediately intimate the Lenders in the event of any change in the repayment capacity of the borrower/s, any
change in the information/documents submitted earlier, not later than 30 days from the date of such change.
5. You have an option to enrol under Group Insurance scheme to cover the loan facility availed in full or part disbursal. You are free to
avail insurance from any of the Insurance intermediaries and companies operating in the market. You will be required to pay
insurance premium separately as applicable.
6. Please note that risk-based pricing is determined based on the risk associated with type of loan (Risk Gradation), cost of funds, tenor
of the loan, collateral and quantum of loan. In addition, there is a regular review exercise of the interest rates and product features with
the competition offerings. An additional risk premium may incorporated in the pricing which is based on the credit risk associated
with the customer which is a function of his credit history, bureau information, internal rating along with other factors like the
borrowers income etc. Hence, it should be noted, that the interest rate applied is different from customer to customer and his/her
loans/advances. The range of rates of interest and approach for gradation of risks are also available on the website of UGRO Capital

UGRO CAPITAL LTD.

Registered Office Address: Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla(West), Mumbai 400070
CIN: L67120MH1993PLC070739
Telephone: 1800-202-8476 I E-mail: [email protected] I Website: www.ugrocapital.com
 Ltd. at www.ugrocapital.com.
7. Please note that this is the only sanction letter issued by UGRO in respect of the abovementioned proposed loan facility. UGRO shall
not be liable, responsible or bound by any other letter / communication issued by any person in relation to the proposed loan facility.
8. Revision in reference rate and interest reset shall be applied from the first of the month following the month of the year in which URR
is changed. In absence of any specific instruction, UGRO will prefer to keep the EMI amount constant irrespective of revisions in
URR

Clarification on due dates and defaults

If any amount due under the Loan is not received before the Lender runs its day end process on the due date, the same shall be considered as
overdue and if continued to be overdue the account will be classified as SMA-1 at 31st day, SMA-2 at 61st day and Non-performing Asset at
91st day after the day end process of the respective dates. For example, if due date is 05-01-22 then if continuously being unpaid the same
shall be classified as SMA-1 as at 04-02-22, SMA-2 as at 06-03-22 and NPA as at 05-04-22. If there is any overdue in an account, the
default/ non-repayment is reported with the credit bureau companies like CIBIL etc. and the CIBIL report of the customer will reflect defaults
and its classification status and no. of days for which an account remains overdue is known as DPD (Days past due). Once an account is
classified as NPAs then it shall be upgraded as ‘standard’ asset only if entire arrears of interest and principal are paid by the borrower.
Detailed illustration and information about the same shall be available in the Loan agreement and is available at our website at “
www.ugrocapital.com

UGRO CAPITAL LTD.

Registered Office Address: Equinox Business Park, Tower 3, 4th Floor, LBS Road, Kurla(West), Mumbai 400070
CIN: L67120MH1993PLC070739
Telephone: 1800-202-8476 I E-mail: [email protected] I Website: www.ugrocapital.com