Sanction Letter
To, RELEASE
NAVKAR EV_GROUND FLOOR NO,1038/15/1, ORDER CD75905205001
DR.RAJKUMAR ROAF, 4TH BLOCK, RAJAJI (RO) NO :
NAGAR BENGALURU 560010
BANGALORE DATE : 24/06/2025
Dear Sir(s),
This is an intimation of finance approval. Asset can only be delivered to the customer post successful validation of serial number.
KMBL is liable to make payment only post successful validation of the serial number.
Customer Name: Mohammed Ashraf K
12 1 Valmiki Nagar Chamarajpet 1st Main
Address: Road Taha Masjid Bangalore South
Bangalore 560026
Loan Details
Kotak Mahindra Consumer Finance Application no. CD75905205
Surrogate Self Owned
Product Consumer Durable Finance
Asset Category LIFESTYLE PRODUCTS
Make VANILA
Asset Type REV
Asset Model Number Registered Electric Vehicle
Sr. No. (For CD)/IMEI No. (For Mobiles)
Scheme Name NONFURN240LIFSROIAUG
Gross Loan Tenure (in Months) 24
No. of Advance EMI (in Months) 0
Net Tenure (in Months) 24
Rate Of Interest 13.70%
Disbursement Break up
For the Dealer
Asset Cost 117000.00
Product Loan Amount 99200.00
Dealer Buy Down (DBD)% 0.00
DBD Amount(I) 0.00
Down Payment to be collected from the Customer(B+C+D+E+G+J) 18997.0
Net Loan Amount (A-D-E) 99200.0
Net Disbursement Amount(A-B-C-D-E-G-H-I-J) 98003.0
For the Customer
Asset Cost (A) 117000.00
Product Loan Amount 99200.00
Processing fees including GST (B) 508.00
Facilitation Charges (C) 589.00
Stamp Duty & Other charges (H) 100.00
Total Cost to Customer (A+B+C) 118197.00
Advance EMI Amount as per scheme (D= F* No of Advance EMI) 0
EKYC & KYC Verification Charges (J) 0.00
Margin Money (E) 17800.00
Smart emi card PF(G)
Down Payment to the Dealer (B+C+D+E+G+J) 18997.0
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Net Loan Amount (A-D-E) 99200.00
EMI Amount (F) 5266
Extended Warranty
Extended Warranty No
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Hospital Insurance
Kotak Hospital Insurance No
ADLD Insurance
ADLD Cash
Total Suraksha Insurance
Total Suraksha Insurance No
Notes :
The Sanction advice is valid for 15 days from the date of this advice.
The Kotak Mahindra Bank Ltd shall agree to pay the Net Disbursement Amount only as mentioned above.
Any Surplus amount disbursed in excess of Net Disbursement Amount shall be refunded only to KMBL and not to the customer.
Any difference in the Asset details mentioned above should be brought to notice of KMBL and revised approval and Sanction Letter should be sought from KMBL.
Any loss to KMBL on account of failure by the dealer to comply with this clause or any other clause herein will be borne by the dealer.
In case the invoice value is different from the Asset cost mentioned above. Revised final sanction advice to be sought from KMBL.
The Asset shall be delivered to the customer at the above mentioned customer’s address only. Proof of delivery of Asset along with acknowledgement from the
customer to be handed over to KMBL within a period of seven days from the disbursement. KMBL is liable to make payment for this case only when the Asset is
delivered to the customer’s address mentioned above.
The Dealer shall ensure the identity of the customer prior to delivery of the Asset.
Manual corrections/manual invoices issued by Dealer will NOT be accepted by KMBL.
KMBL shall be entitled to the refund of the amount disbursed, in case the Asset(s) is/are returned by the customer or not delivered by Dealer for any reason
whatsoever. In such case, refund will be made by the dealer to KMBL along with interest @ 18 p.a. from the date of intimation of cancellation of loan by the
customer. The down payment, if any collected from the customer shall be forthwith refunded to the customer.
In cases, where the delivery of the Asset is not made by the dealer to customer due to any reason whatsoever it be, the dealer shall be liable to the customer for all the
claims/actions initiated by the customer and shall indemnify and keep indemnified from all losses/charges/costs/expenses whatsoever incurred by KMBL due to any
act of the Dealer by reimbursing to KMBL forthwith the amount of losses/charges/costs/expenses incurred.
The delivery of the Asset to the customer based on this sanction advice will be treated as acknowledgement of the advice and adherence to the terms and conditions
mentioned on the same.
If found out that the Asset invoiced is different from the one delivered at the customer’s address, KMBL has the right to recover losses incurred from the dealer
which may also include the set off from subsequent payment to the dealer.
Any losses/liabilities arising to KMBL due to non-compliance with any of the above terms & conditions shall be borne by the Dealer.
Kotak Mahindra Bank Limited
CIN U67200MH1996PLC097730 T +91 22 66056825 Registered Office :
Kotak Infinity, 6th Floor, F +91 22 67259086 27BKC, C27, G Block,
Building No 21, Infinity Park
[email protected] Bandra Kurla Complex,
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Off Western Express Highway www.kotak.com Bandra (E), Mumbai - 400 051
General A.K. Vaidya Marg India.
Malad (E) Mumbai 400097, India
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