SANCTION LETTER
Date: 19 May 2025
Customer Name: AKANKSHA SANJAY JADHAV
Address Details: D/O: Sanjay Jadhav,Mu, Po, Palashi, Tal,
Khatav,Palashi,Khatav,Palashi,Satara,Maharashtra,415512
Dear Sir/Madam,
Please refer to your request for a loan facility from North East Small Finance Bank Limited (“Lender ” or
“NESFB”). Based on your request, we are happy to inform you that we have sanctioned a loan facility
subject to the terms and conditions as mentioned below:
1. Loan facility type Personal Loan
2. Purpose of the loan Self requirement
facility
3. Tenure of the loan 12
4. Loan Amount INR 7,247.00
Processing Fees
5. (Inclusive of GST) INR 247.00
Insurance Charges
6. (Inclusive of GST) ₹0.00
7. Rate of Interest 29
8. Annual Percentage Rate 32.95%
9. Total number of EMI 12
10. EMI amount 696.32
Due date for payment of
11. EMI amount 5th Of Every Month
12. Prepayment Charges NIL.
13. Cooling Off Period 3 (Three) days
14. Penal Charges Please refer to the KFS for the details on penalty charges.
(i) The Lender reserves the right to amend any of the above-
mentioned terms of this letter. In case there is change in the
above-mentioned key terms, such change will be communicated to
you on your registered email address or through Mobile
Application.
(ii) The rate of interest has been determined based on internal risk
gradations of the different categories of borrowers and products
offered by Lender and after taking into account various risk factors
associated with the credit facility.
(iii) Lender shall be at liberty to change/ add or alter any of the terms
and conditions of this sanction at its sole discretion and you shall
ensure compliance with all terms and compliance including the
loan agreement.
(iv) This Sanction Letter will form part and parcel of the loan
agreement. In the event of any inconsistency or conflict between
the terms and conditions of this Sanction Letter and the loan
agreement, the terms and conditions of the loan agreement shall
supersede and prevail.
(v) This Sanction letter does not vest in anyone, the right to claim
damages against the Lender for any reasons whatsoever.
15. Additional terms
(vi) This Sanction Letter is subject to completion of all pre-
disbursement conditions as required by the Lender. Lender shall
have the right to unconditionally cancel the loan facility or revise or
review the conditions and the same shall be carried out under the
sole discretion of the Lender.
(vii) Lender reserves the rights to anytime assign/sell/transfer the loan
facility amount or any part thereof to each other in its absolute
discretion
(viii) Notwithstanding anything to the contrary contained herein, any
dispute, controversy and / or claim arising out of and / or relating to
this letter, including its construction, interpretation, meaning,
scope, operation, effect and / or validity thereof (“Dispute”), shall
be resolved by arbitration, administered electronically or physically
by, an independent institution, in accordance with its Dispute
Resolution Rules (“Rules”). The Parties agree that the arbitration
shall be before a sole arbitrator appointed under the Rules or as
mutually agreed between the parties in case of physical arbitration.
The juridical seat of arbitration shall be Guwahati, Assam. The
language of arbitration shall be English. The law governing the
arbitration proceedings shall be Indian law. The decision of the
arbitrator shall be final and binding on the Parties.
The aforesaid Sanction Letter is subject to the terms and conditions set out in the loan agreement to
be executed between the Lender and you and shall be governed by the terms and conditions contained
in the loan agreement, the KFS and this Sanction Letter. We, however, reserve the right to revoke in
part or in full or withdraw/ stop financial assistance or to amend any of the terms of the Sanction
Letter without assigning any reason at our sole discretion. If you have any queries, please call us on
1800-121-1905 or write to us at customercare@[Link] and we will be happy to assist you.
I confirm that I have read and understood or have been explained in detail / communicated the
contents of this Sanction Letter. I confirm that along with the terms of this Sanction Letter, the terms
and conditions as set out under the loan agreement and other financing documents shall also apply to
me and I agree to comply with the said terms and conditions.
By clicking on 'I accept/Confirm' button on this portal, you hereby agree to be bound by the terms of
this Sanction Letter.
SIGNED, SEALED AND DELIVERED BY NESFB
Authorized signatory:
Agreed and Accepted by the Borrower
Digitally signed by DS NORTH EAST SMALL FINANCE BANK LIMITED 1.
Timestamp: 2025-05-19 [Link] UTC.
