TVS CREDIT SERVICES LIMITED
To, Dated : 25-02-2023
M/s SUNIL KUMAR SHIV VARAN VERMA
NEAR RAMESHWAR CHOWK
Ahmedabad GJ
380016
Contact No: 8160073054
Dear Sir/Madam,
Ref: Loan agreement No: GJ3030TW0030400
Concerning RBI Circular on Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining
to Advances - Clarifications (i) The exact due date (ii) the Frequency of repayment (iii) the breakup between principal
and interest shall be clearly specified in the loan agreement and the same is mentioned below for your reference.
Please take note of the SMA/NPA Classification which was notified in circular bearing no.RBI/2021-2022/125-
DOR.STR.REC.68/21.04.048/2021-22 dated 12.11.2021 of Reserve Bank of India.
All amounts payable by the Borrower to the Company shall be paid without any deduction on or before the Due Dates
failing which the Borrower’s Loan account shall be classified as a special mention account (SMA)/non-performing
account (NPA) or under such other category as per the applicable guidelines of the Reserve Bank of India (RBI) at the
end of Due Date. The basis for classification of SMA and NPA categories and the example for the same is as
mentioned here in below
a. Basis for classification of SMA and NPA categories:
Under the RBI guidelines, the loans are required to be classified into categories basis the repayment track
record of the Borrower/s. The Basis of classification of SMA and NPA categories
The basis for Classification- Principal or interest payment or any
Classification of Categories
other amount wholly or partly overdue
SMA-0 Up to 30 days
SMA-1 More than 30 days and up to 60 days
SMA-2 More than 30 days and up to 90 days
NPA More than 90 days
Classification- as Special Mention Account(SMA) or Non-performing Account (NPA) is done as part of the day-
end process for the relevant date and the SMA or NPA classification date shall be the calendar date for which
the day end process is run by the Company
Regd. Office: Chaitanya, No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai - 600 006. Phone: 044 - 2833 2800 Fax: 044 - 2833 2113
Corp. Office: No. 29, Jayalakshmi Estates, Third Floor, Haddows Road, Nungambakkam, Chennai - 600 006. Phone: 044 - 2828 6500 Fax: 044 - 2828 6570
Website: www.tvscredit.com Toll free number: 1800 103 5005 CIN: U6592OTN2008PLCO69758
TVS CREDIT SERVICES LIMITED
Loan accounts once classified as NPA will be upgraded as a standard asset only if the entire outstanding
arrears of principal, interest, and/or other amounts are paid by the Borrower in full (The expression “ standard
asset” shall mean and refer to a loan account which is not required to be classified as SMA or/NPA. The SMA or
NPA classification is done at the Borrower level which means all the loan accounts of the Borrower will be
classified as applicable for the loan with the highest overdue days.
Any change in the classification of a loan account as SMA or NPA or any other new category as prescribed by
RBI will be implemented automatically by the Company and the same shall also be applicable to all the
Borrowers.
Example for SMA/NPA classification: If the Due Date of a Loan account is March 31, 2021, and full dues are not
received before the company runs the day-end process for this date, the date of overdue shall be March 31,
2021. If the loan account continues to remain overdue, then the loan account shall get tagged as SMA-1 upon
running the day-end process on April 30, 2021, i:e upon completion of 30 days of being continuously overdue.
Accordingly, the date of SMA-1 classification for the loan account shall be April 30, 2021.
Similarly, if the loan account continues to remain overdue, it shall get tagged as SMA-2 upon running the day-
end process on May 30, 2021, and if it continues to remain overdue further it shall get classified as NPA upon
running day- the end process on June 29, 2021
The detailed Repayment schedule is mentioned below for your records.
Repayment Schedule :
Balance Insurance Monthly Due
S.No Due Date EMI (Rs.) Principle (Rs.) Interest (Rs.) Remark
Principle (Rs.) (Rs.) (Rs.)
1 03-09-2022 6527 5143 1384 63857 0 6527
2 03-10-2022 6527 5246 1281 58611 0 6527
3 03-11-2022 6527 5351 1176 53260 0 6527
4 03-12-2022 6527 5459 1068 47801 0 6527
5 03-01-2023 6527 5568 959 42233 0 6527
6 03-02-2023 6527 5680 847 36553 0 6527
7 03-03-2023 6527 5794 733 30759 0 6527
8 03-04-2023 6527 5910 617 24849 0 6527
9 03-05-2023 6527 6029 498 18820 0 6527
10 03-06-2023 6527 6150 377 12670 0 6527
11 03-07-2023 6527 6273 254 6397 0 6527
12 03-08-2023 6527 6397 130 0 0 6527
We value your relationship with us and believe that your becoming a part of the TVS Credit family would be a truly
rewarding one. Once again, we extend you a warm welcome and assure you of the best of our services at all times.
Warms Regards
Regd. Office: Chaitanya, No. 12, Khader Nawaz Khan Road, Nungambakkam, Chennai - 600 006. Phone: 044 - 2833 2800 Fax: 044 - 2833 2113
Corp. Office: No. 29, Jayalakshmi Estates, Third Floor, Haddows Road, Nungambakkam, Chennai - 600 006. Phone: 044 - 2828 6500 Fax: 044 - 2828 6570
Website: www.tvscredit.com Toll free number: 1800 103 5005 CIN: U6592OTN2008PLCO69758
TVS CREDIT SERVICES LIMITED
For TVS Credit Services Ltd
Please note this is a computer-generated letter and hence requires no signature.
If you require any further details on your loan account. Please feel free to reach us on 1800 103 5005 or email us at
helpdesk@tvscredit.com. Please quote your loan agreement number on all future correspondences. You may also log
in to our website-www.tvscredit.com or download the TVS Credit Saathi App, to view your latest statement of
accounts and other related information
