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Sanction-Letter

Mr/Mrs/Ms. Arun Kumar's personal loan of ₹12,000 has been sanctioned by WePayLoan with a 1% daily interest rate and a total repayment amount of ₹14,520 due by 28-02-2025. The loan has a processing fee of ₹1,200 plus GST, resulting in a total deduction of ₹1,416, leaving ₹10,584 to be disbursed. Acceptance of the loan and its terms must be confirmed via email within 24 hours, and the borrower is advised to carefully consider their ability to repay the loan on time.

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47 views2 pages

Sanction-Letter

Mr/Mrs/Ms. Arun Kumar's personal loan of ₹12,000 has been sanctioned by WePayLoan with a 1% daily interest rate and a total repayment amount of ₹14,520 due by 28-02-2025. The loan has a processing fee of ₹1,200 plus GST, resulting in a total deduction of ₹1,416, leaving ₹10,584 to be disbursed. Acceptance of the loan and its terms must be confirmed via email within 24 hours, and the borrower is advised to carefully consider their ability to repay the loan on time.

Uploaded by

sachinkumar0007997
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Mr/Mrs/Ms.

Arun Kumar
Dear Sir/Mam,
Your Personal loan has been sanctioned from WePayLoan, details as below

S.No. Particulars Details

1 Application ID WPL10649

2 Sanction Date 7th Feb 2025

3 Loan Amount ₹12,000.0/-

4 Rate of interest 1% per day

5 Processing Fees @ 10% ₹1,200.0/-

6 GST 18 % on Processing fee ₹216.0/-

7 Total Deduction (Processing fee+GST18%) ₹1,416.0/-

8 Amount to be Disbursed ₹10,584.0/-

9 Repay Date 28-02-2025

10 Repay Amount ₹14,520.0/-


Terms & Conditions

1. Please read terms and conditions carefully, After Disbursal no claim will be entertained.
2. The Sanction of Loan will be valid for 24 hrs from the date of sanction. In case the loan remains
undisbursed during the validity period.
3. Loan disbursed to your designated bank account provided by you at the time of processing.
4. Charge Schedule - E- Nach Return - Rs.500 + GST Overdue Charges - 0.25% of Per day
5. We don’t encourage you to take a loan paying high interest if you are not confident that you
would be able to repay on time.
6. You are under no obligation to accept the sanctioned loan.
7. Please think carefully and understand what this offer means to you and if you are confident you
will be able to repay this loan.
8. If you are comfortable with the terms proposed then reply to this mail as a mark of acceptance of
the loan offer and its terms and conditions.
9. If you do not accept the sanction letter and the enclosed agreement your loan application will be
considered withdrawn and you will not be liable to pay any processing fees.
10. You will be required to approve an e-mandate for automatic payment of your dues.
11. The e-mandates will be activated on due date and you are expected to honor the mandates
without fail.
12. All disputes under Delhi jurisdiction.
13. Please reply to this mail as acceptance of the terms and conditions of the loan.
14. During the Tenure of the Loan, the Borrower authorizes the Lender to obtain/access the credit
information of the Borrower from time to time from the credit bureaus. Any default in the payment
of the Loan may be reported by Lender to credit bureau, regulators, statutory authorities, and
other financial institution.
15. The Borrower shall inform Lender in writing about any change in the permanent /
correspondence addresses or contact details (as the case may be) immediately.
16. The Loan Amount disbursed by the Lender shall be utilized for the solely for the purpose it is
being sanctioned and no other purpose. The Lender reserves the right to call for any
document/information for loan amount utilization by the Borrower.

WE SUGGEST YOU GO THROUGH THE TERMS AND CONDITIONS CAREFULLY ALL OVER
AGAIN SO THERE IS NO DOUBT IN YOUR MIND THAT YOU ARE ACTUALLY COMFORTABLE
TAKING THIS LOAN AND CAN PAY BACK ON ITS DUE DATE.

Note: Paying this loan back on and before due date may entitle you to a higher amount of loan next
time. Along with benefits of reduced rates of interest and other charges.

With Regards,
Credit Team

WePayLoan
AGF Finlease

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