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Equitas Small Finance Bank Limited


No.769, Spencer Plaza, 4th Floor, Phase ll, Anna Salai, Chennal-600 002 Tel:044-42995000, Fax: 044 42995050
Toll Free 1800 103 2977 CIN No U65191TN1993PLC025280
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Equitas Small Finance Bank Limited


Fax 044 42995050
4th Floor, Phase ll, Anna
No.769, Spencer Plaza, Toll Salai, Chennal-600 002 Tel:044-42995000,
Free:1800 103 2977 CIN No.U65191TN1993PLCO25280
Fnence
Sanction Letter equIEas
Branch Name: GANDHI PARK

Member Name JAYALAKSHMI M Member ID 1271943


Centre Name SN PALAYAM VOC ST 4 Centre ID |36807345
With reference to your application for Loan, we are pleased to sanction the loan subject to the following terms and
conditions
Loan |Loan Amount Repayment Tenure Processing fee % Credit Shield Insurance Premium Net Disbursement
Type (Rs.) Frequency & Amount (Rs.) (Rs) Amount (Rs)
IGL 50000|4-Weeks 25 1.18 & 590 298 49039
Income Generating Loan, Additional Income Generating Loan 6% of Sum insured/Loan Amount

Interest Rate 23.00% Per Annum Instalment Amount Rs. 2500 Loan Cycle 6
Terms and Conditions of the Loan:
1. The loan is a fixed rate loan and the interest rate is not subjected to change till the closure of Ioan.

2. Processing Fee & Insurance premium will be deducted from the Loan amount at the time of disbursement.
3. Loan Amount will be credited into the below mentioned bank account provided during the application.

Account No Bank&Branch IFSCCode


006601000037397 NDIAN OVERSEAS BANK & RAMALINGANAGAR |IOBA00O0066
4. Customer should utilise atleast 50% of the loan amount for the purpose stated in the application. Bank has right
to recall the loan if not used for the stated purpose
5. There is no penal interest or pre-closure charges for this loan.
6. No collateral required for this loan.
7. This a Joint Liability Group loan, members are jointly liable for repayment of thee loan.
8. Customer should attend the centre meetings as per the schedule.
9. Instalment amount shall be paid only at the centre meetings. Members shall mandatorily produce loan passbook
at the time of payment.
10.Loan settlement (foreclosure) amount should be remitted only at the branch.
11.Sanction may be withdrawn by the Bank due to a) market conditions b) customer's credit history c) any other
reason, at the discretion of the bank.
12.Credit decision is at the sole discretion of the bank
13.This sanction is valid for 30 days from the above date.

Date: Name and Signature oABM/BM


os)nho
The terms and conditions of the loan have been explained to me and I have affixed my signature/thumb impression after
having fully understood the same.

Member Sign/Thumb Impression

Equitas Small Finance Bank Limited


NO.769, Spencer Plaza, 4th Floor, Phasell, Anna Salai, Chennal-600 002 Tel:044-42995000, Fax: 044 42995050
Toll Free:1800 103 2977 CIN No.U65191TN1993PLCO25280

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