Sanction Letter
Reference no. : 90011148424 Date:01/10/2024
Subject: Application for Two Wheeler loan - Reference No. 90011148424
Dear Shiv Khemnar,
IDFC FIRST Bank is pleased to inform you that, with reference to the above application we have in-principle sanctioned you a
Two Wheeler loan facility, on terms and conditions mentioned hereinafter, the details of which are given below.
Sourcing Partner DSA
Loan Amount sanctioned (INR) 91,084.00
Term of loan (in months) 30
For any further query on your existing loan or to avail a new financial product or services from us, please call us on our helpline
number 1860-500-9900.
We trust you will have a rewarding experience with us and look forward to your feedback to help us serve you better in the
future.
Best Regards
IDFC FIRST Bank
Notes:
1. This Approval Letter is valid for 7 days from the date of issue. For whatever reason, if the loan is not disbursed within 7
days of issuance of this letter, then Bank will not be liable to pay the Dealer.
2. Kindly note this is only a conditional approval document. The vehicle may be delivered basis this document but actual
disbursement is conditional to dealer/customer providing requisite post documents, e.g. Agreement, PDC/ECS, KYC,
insurance, invoice, RCU approval etc.
3. In case, it is later found that customer had taken a different vehicle from the dealer than the one specified in the invoice
provided, then Bank will not be liable to pay for that case. In case amount is transferred already, Bank is allowed to adjust
the same from subsequent disbursals.
4. In case there are any changes to the scheme after issuance of the sanction letter then only a fresh sanction letter
incorporating the impact of the changes will be valid and the disbursement amount may change accordingly.
5. This is a computer generated letter and does not require any signature
Corporate office: Naman Chambers, C-32, G Block, Bandra East, Bandra Kurla Complex, Mumbai, Maharashtra 400051
Registered office: KRM Tower, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai, Tamil Nadu, 600031
Note: This is a system generated letter and doesn’t require signature.
Terms and Conditions
1. “IDFC FIRST Bank” expression shall include its subsidiaries, successors and assignees
2. This sanction letter should not be construed as giving rise to binding obligations on the part of IDFC FIRST Bank to
provide the loan mentioned overleaf (the “Facility”). The Facility mentioned overleaf will be available solely at IDFC FIRST
Bank’s discretion and IDFC FIRST Bank will not be liable for any action taken by the customer on the basis of this
sanction letter.
3. IDFC FIRST Bank shall be entitled to revoke the sanction of the Facility, inter-alia, in any of the following circumstances:
a. There is any material change in the purpose(s) for which the Facility have been sanctioned (“the purpose(s)”)
b. b.In the sole judgement of IDFC FIRST bank, any material fact has ben concealed and/or become subsequently
known
c. c.Any statement made by you or on your behalf in your application or otherwise, is incorrect, incomplete or
misleading
d. There is a default under or a breach of the terms and conditions of this letter or any other loan/facility offered by
IDFC FIRST bank or any other person/entity, to you.
