@php error_reporting(0) @endphp Sanction Approval Letter

 

Register Under RBI RBI B-14.02066

YAKSH INFINLEASE PRIVATE LIMITED.

{{cmp()->address}}


Loan Sanction Letter 

 

Dear {{ ucwords($mailData->name) }},

 

Thank you for your Loan Application made through {{cmp()->domain}}

 

1. We are pleased to sanction you a loan as per the enclosed terms and details.

Schedule of Loan Sanction Terms 
@php $loanAmtApproved = $mailData->loanAmtApproved; $adminFees = $mailData->adminFee; $roi = $mailData->roi; $tenure = $mailData->tenure; $GstOfAdminFee = $adminFees*$mailData->GstOfAdminFee/100; $totalAmountDeducted = $adminFees+$GstOfAdminFee; $TotaldisburedAmount= $loanAmtApproved-$totalAmountDeducted; $interest = ($loanAmtApproved * $roi * $tenure) / 100; $apr = (($interest + $adminFees + $GstOfAdminFee) / $TotaldisburedAmount) * (365 / $tenure) * 100; $finalApr = number_format($apr, 2); @endphp

SN

ITEM

Details

1

Application ID

 {{$mailData->leadID}}

2

Sanction Date

 {{df($mailData->createdDate)}}

3

Principal Loan Amount

 {{nf($mailData->loanAmtApproved)}}

4

Rate of Interest 

 {{$mailData->roi}} % per day

5

Processing Fees  

 {{nf($mailData->adminFee)}}/-

6

GST Fee  

 {{nf($GstOfAdminFee)}}/-

7

Amount to be Disbursed 

 {{nf($TotaldisburedAmount)}}/-

8

Due Date 

 {{df($mailData->repayDate)}}

9

Repayment Amount

  {{nf($mailData->loanAmtApproved+($mailData->loanAmtApproved*$mailData->roi*$mailData->tenure/100))}}/-

 

2. Please note that this sanction letter is issued in response to your loan application and based on the information you have provided in your application.

3. 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.

4. You are under no obligation to accept the sanctioned loan.

5. Please think carefully and understand what this offer means to you and if you are confident you will be able to repay this loan.

6. If you are comfortable then reply to this mail as a mark of acceptance of the loan offer and its terms and conditions.

7. If you do not accept the sanction letter and the enclosed agreement your loan application will be considered withdrawn and you will not be liable to pay any processing fees.

8. Penal interest as applicable will be charged.

9. E-mandate/cheque bounce charges of Rs.1000.00/- applicable for each bouncing.

10. The loan will be disbursed to your designated bank account after confirmation of your acceptance of this sanction letter.

11. You will be required to approve an e-mandate for automatic payment of your dues.

12. The e-mandate and/or e-nach will be activated on your due date and you are expected to honour the mandate without fail. If you don’t pay your due amount on time,
the Lender has an absolute right to hit the e-mandate and/or e-nach multiple times to the bank accounts of the Borrower without any exception till the time the Borrower
pays the complete repayment along with penalties to the Lender.

13. All disputes under Delhi jurisdiction

14. That the cheque given (if given) by the Borrower to the Lender shall be destroyed by the Lender upon written communication on email to be sent to the Lender by the Borrower. From the receipt of written communication, the cheque will be deemed to be destroyed by the Lender after the elapse of 45 days from the date of written communication, without any exceptions. Further, if any amount is pending for payment from the Borrower to the Lender then the Lender reserves the right to preserve the cheque given for subsequent presentation.

15. Please reply to this mail as acceptance of the terms and conditions of the loan.

a. Date: 24th August 2026, Name of the regulated entity: YAKSH INFINLEASE PRIVATE LIMITED., Applicant Name:


SN

Parameter

Details (illustrative)

(i)

Loan Amount (amount to be disbursed/to be disbursed to the borrower) (in Rupees)

 {{nf($mailData->loanAmtApproved)}}/-

(ii)

Total interest charges during the entire tenure of the loan (in Rupees) @ {{$mailData->roi}}% per day for 30 days

 {{nf($mailData->loanAmtApproved*$roi/100*$tenure)}}/-

(iii)

Other up-front charges, if any

  Nil

(a)

Processing fees, if any (in Rupees)

 {{nf($adminFees)}}/-

(b)

Insurance charges, if any (in Rupees)

  Nil

(c)

Others (if any) (in Rupees) (GST applicability)

 {{nf($GstOfAdminFee)}}/-

(iv)

Net Disbursed Amount

 {{nf($TotaldisburedAmount)}}/-

(v)

Total Amount to be paid by the borrower (sum of (i), (ii) and (iii)) (in Rupees)

 {{nf($mailData->loanAmtApproved+($mailData->loanAmtApproved*$mailData->roi*$mailData->tenure/100))}} /-

(vi)

Annual Percentage Rate- Effective annualized interest rate
(in percentage) (computed on net disbursed amount using IRR approach and reducing balance method).

 {{$finalApr}}%

(vii)

Tenure of the Loan (in months/days)

 {{$tenure}} days

(viii)

Repayment frequency of the borrower

  1

(ix)

Number of Instalments of repayment (in Rupees)

  1

(x)

Amount of each instalment of repayment (in Rupees)

 {{nf($mailData->loanAmtApproved+($mailData->loanAmtApproved*$mailData->roi*$mailData->tenure/100))}}/-

Details about Contingent Charges

(xi)

Rate of annualized penal charges in case of delayed payments (if any).

  1.25 % per day

Other disclosures

(xii)

Cooling off/look-up period during which borrower shall not be charged any penalty on prepayment of loan.

  Nil

(xiii)

Details of LSP acting as recovery agent and authorized to approach the borrower.

  Nil

(xiv)

Name, Designation, address and phone number of nodal grievance redressal officer designated specifically
to deal with Fintech/digital lending related complaints/issues

Grievance Redressal Officer
Mr. Ambikesh Singh
(Mob: +91 8800964446)
Email: grievance@ecscredit.com

15. 3 Days Cooling Period.

16. That the Company and the Borrower has mutually agreed to execute the Sanction Mail in the prescribed language, i.e. English. In case the Borrower requires the Sanction Mail in their respective vernacular language for better understanding of the Sanction Mail, the same can be requested by the Borrower to the Company and the same shall be provided by the Company to 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.

 

Best Regards,

 

Credit Manager,

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