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  • Muthoot Finance PVT LTD: Regd Office: Nuabazar, Cuttack-753003

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    The letter notifies Rakesh Mohapatra that he took out a gold loan of Rs. 66,000 on December 16, 2015 but has failed to pay any interest, with the amount now totaling Rs. 78,680 including interest and compound interest. Mr. Mohapatra has 15 days to settle the full account or deposit a minimum of 80% of the loan amount, otherwise the mortgaged gold ornaments will be auctioned by the head office. The letter is a final notice to resolve the matter before the collateral is sold at auction.

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    The letter notifies Rakesh Mohapatra that he took out a gold loan of Rs. 66,000 on December 16, 2015 but has failed to pay any interest, with the amount now totaling Rs. 78,680 including interest and compound interest. Mr. Mohapatra has 15 days to settle the full account or deposit a minimum of 80% of the loan amount, otherwise the mortgaged gold ornaments will be auctioned by the head office. The letter is a final notice to resolve the matter before the collateral is sold at auction.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    16 views1 page

    Muthoot Finance PVT LTD: Regd Office: Nuabazar, Cuttack-753003

    Uploaded by

    manojdas3
    The letter notifies Rakesh Mohapatra that he took out a gold loan of Rs. 66,000 on December 16, 2015 but has failed to pay any interest, with the amount now totaling Rs. 78,680 including interest and compound interest. Mr. Mohapatra has 15 days to settle the full account or deposit a minimum of 80% of the loan amount, otherwise the mortgaged gold ornaments will be auctioned by the head office. The letter is a final notice to resolve the matter before the collateral is sold at auction.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Muthoot Finance Pvt Ltd

    Regd Office : Nuabazar, Cuttack-753003

    From Date : 04/06/2017

    The Branch Manager

    Sub : Auction Notice Of Mortgaged Ornaments

    Dear Mr. Rakesh Mohapatra

    It is to inform you that we have taken a mortgaged gold loan from our branch on
    16/12/2015 of amount Rs 66000/- against gold loan account number PSGL783. Till date you have
    not deposited any interest amount in this account and now with interest and compound interest the
    amount is Rs 78680/- and the mortgaged ornaments goes to the head office for auction.

    So it is the final letter for settle the account within 15 days of issuing the letter or else you
    have to deposit minimum 80% of loan amount within the decided date neglecting which your
    mortgaged ornaments will auctioned.

    *Please contact the branch for any further inquiry

    Regards

    A. M. Muralidharan

    Field Officer (Loan Division)

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