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    Gujjaru Malini,: Date:19-05-2020 To

    Uploaded by

    gujjarugopikumare
    The document is a letter from Hero FinCorp Ltd. to a customer informing them that: 1) In accordance with an RBI notification, the customer will be provided a moratorium on their loan EMI for April 2020 to help deal with economic impacts of COVID-19. 2) The repayment schedule has been shifted by one month as a result of the moratorium. Interest will continue to accrue during the moratorium period. 3) This is not an EMI waiver and all other loan terms remain unchanged. An updated repayment schedule is provided.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Gujjaru Malini,: Date:19-05-2020 To

    Uploaded by

    gujjarugopikumare
    10 views2 pages
    The document is a letter from Hero FinCorp Ltd. to a customer informing them that: 1) In accordance with an RBI notification, the customer will be provided a moratorium on their loan EMI for April 2020 to help deal with economic impacts of COVID-19. 2) The repayment schedule has been shifted by one month as a result of the moratorium. Interest will continue to accrue during the moratorium period. 3) This is not an EMI waiver and all other loan terms remain unchanged. An updated repayment schedule is provided.

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    గజిగ్

    Original Title

    4298315-1

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    The document is a letter from Hero FinCorp Ltd. to a customer informing them that: 1) In accordance with an RBI notification, the customer will be provided a moratorium on their loan EMI for April 2020 to help deal with economic impacts of COVID-19. 2) The repayment schedule has been shifted by one month as a result of the moratorium. Interest will continue to accrue during the moratorium period. 3) This is not an EMI waiver and all other loan terms remain unchanged. An updated repayment schedule is provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    10 views2 pages

    Gujjaru Malini,: Date:19-05-2020 To

    Uploaded by

    gujjarugopikumare
    The document is a letter from Hero FinCorp Ltd. to a customer informing them that: 1) In accordance with an RBI notification, the customer will be provided a moratorium on their loan EMI for April 2020 to help deal with economic impacts of COVID-19. 2) The repayment schedule has been shifted by one month as a result of the moratorium. Interest will continue to accrue during the moratorium period. 3) This is not an EMI waiver and all other loan terms remain unchanged. An updated repayment schedule is provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Date:19-05-2020

    To,

    GUJJARU MALINI,
    H.NO 9-3-13
    STATION ROAD
    KHAMMAM URBAN
    KHAMMAM
    KHAMMAM
    ANDHRA PRADESH-507001

    Subject: Grant of Moratorium for the month of April '20 for Loan Account No.KMMTWL00100003240861.

    Dear Sir,

    This is in reference to the RBI notification Ref. No. RBI/2019-20/186 dated March 27, 2020 vide which RBI has inter alia
    announced certain regulatory measures to mitigate the burden of debt servicing brought about by disruptions on account of
    COVID-19 pandemic and to ensure the continuity of viable businesses.

    In this regard, Hero FinCorp Ltd. has to enable the Borrower to tide over the economic fallout from COVID-19, and has agreed
    to provide a moratorium for the month of EMI due in April '20 in relation to the above Facility availed by the Borrower
    ("Moratorium Period").

    It may please be noted that:

    a) principal repayment schedule of the Facility will now be shifted across the board by one month as per the said
    Moratorium Period
    b) interest shall continue to accrue on the outstanding portion of the Facility during the said Moratorium Period and shall be
    payable as per existing rate of interest as per revised repayment schedule.
    c) please note that this is not EMI waiver and there will not be any change in any terms and conditions of your loan
    agreement

    Revised repayment schedule for the Facility is attached herewith as Annexure-I.

    It may further please be noted that the aforesaid action of HFCL will not be treated as any change in terms and conditions of
    the Loan agreement and has been provided to face the financial difficulty faced by the Borrower due to COVID-19.

    In case you need any further clarification on the matter, please write to us at customer.care@herofincorp.com or call us at
    1800-102-4145, Monday to Saturday between 9:30 AM to 6:30 PM. We will be delighted to assist you.

    Stay safe. Stay healthy.

    THIS IS A COMPUTER GENERATED LETTER, HENCE DOES NOT REQUIRE SIGNATURE


    ANNEXURE-I
    Revised Repayment Schedule

    Instl Num Due Date Opening Principal Inst Amt Principal Interest Closing Principal
    1 08-JAN-2019 66791 3,326.00 2,104.00 1,222.00 64687
    2 08-FEB-2019 64687 3,326.00 2,392.00 934.00 62295
    3 08-MAR-2019 62295 3,326.00 2,426.00 900.00 59869
    4 08-APR-2019 59869 3,326.00 2,461.00 865.00 57408
    5 08-MAY-2019 57408 3,326.00 2,497.00 829.00 54911
    6 08-JUN-2019 54911 3,326.00 2,533.00 793.00 52378
    7 08-JUL-2019 52378 3,326.00 2,569.00 757.00 49809
    8 08-AUG-2019 49809 3,326.00 2,607.00 719.00 47202
    9 08-SEP-2019 47202 3,326.00 2,644.00 682.00 44558
    10 08-OCT-2019 44558 3,326.00 2,682.00 644.00 41876
    11 08-NOV-2019 41876 3,326.00 2,721.00 605.00 39155
    12 08-DEC-2019 39155 3,326.00 2,760.00 566.00 36395
    13 08-JAN-2020 36395 3,326.00 2,800.00 526.00 33595
    14 08-FEB-2020 33595 3,326.00 2,841.00 485.00 30754
    15 08-MAR-2020 30754 3,326.00 2,882.00 444.00 27872
    16 08-APR-2020 27872 0.00 -403.00 403.00 28275
    17 08-MAY-2020 28275 3,326.00 2,917.00 409.00 25358
    18 08-JUN-2020 25358 3,326.00 2,959.00 367.00 22399
    19 08-JUL-2020 22399 3,326.00 3,002.00 324.00 19397
    20 08-AUG-2020 19397 3,326.00 3,046.00 280.00 16351
    21 08-SEP-2020 16351 3,326.00 3,090.00 236.00 13261
    22 08-OCT-2020 13261 3,326.00 3,134.00 192.00 10127
    23 08-NOV-2020 10127 3,326.00 3,179.00 147.00 6948
    24 08-DEC-2020 6948 3,326.00 3,225.00 101.00 3723
    25 08-JAN-2021 3723 3,326.00 3,272.00 54.00 451
    26 08-FEB-2021 451 458.00 451.00 7.00 0
    Total 80,282.00 66,791.00 13,491.00

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