Sanction Letter: in Case of Delay by The Customer in Making Payment of Any Outstanding Amount
Sanction Letter: in Case of Delay by The Customer in Making Payment of Any Outstanding Amount
Sanction Letter: in Case of Delay by The Customer in Making Payment of Any Outstanding Amount
LETTER
Date: 2022-08-06
Dear Sir/Madam,
Please refer to your request for a loan facility from DMI Finance Private Limited. We are happy to inform
you that we have sanctioned a loan facility against your request.
Following are the key terms and conditions governing the loan facility.
02. Rate of Interest per annum, 1) 42% p.a. in case of bank transfer.
on reducing balance basis
Principal Penalty
Outstanding (in Charges/Day (in
Rs.) Rs.)
0 – 500 0
501 – 2000 15
2001 – 10000 40
The Financing Partner reserves the right to amend any of the above-mentioned
terms of this Sanction Letter, however slice may amend/revise the fee/charges levied
by slice. In case there is change in the above-mentioned k ey terms such change will
be communicated to you on your registered Email ID or through the slice Portal.
Further you agree that each time you utilise the slice card for undertak ing the
transaction, the Financing Partner will sanction and disburse the loan in your slice
card to undertak e the said transaction
Further you hereby agree and ack nowledge that loan transactions initiated through
utilization of slice will be for a tenure upto 18 months. The above terms and
conditions will be set out in greater detail in the relevant loan agreement.
DMI Finance Private Limited