Foreclosure Letter

Date : 24/02/2023
Name : RAMPRASATH S
cust no : 0018966120
Address : 17VANDAKOTTAI-POOVARASAKUDI POSTALANGUDI,TALUKA-VANDAKOTTAI-POOVARASAKUDI,,NEAR GOVT
Phone : SCHOOL,,TAMILNADU,Pudukkottai - 622303

Dear Sir/Madam,

This is with reference to your request for foreclosure of Agreement No : TN3005CD0074229

The details are as follows:

Particulars

ASSET TYPE VIVO MOBILE V23E 5G(8+128G)

DEALER NAME POORVIKA MOBILES PVT LTD PUDHUKOTTAI EAST MAIN STREET
TENOR 15.00
EMI AMOUNT 1506.00
AMOUNT FINANCED 22590.00
TOTAL PAYABLE 3012.00
TOTAL PAYABLE TILL FORECLOSURE DATE 13554.00

TOTAL RECEIVED TILL FORECLOSURE DATE 13554.00

OVERDUE 0.00

FIRST INSTALLMENT DATE 03/06/2022

MATURED INSTALLMENTS 9.00

DATE OF FORECLOSURE 24/02/2023

RATE OF FORECLOSURE 0%

ORIGINAL IRR 20.07

FCC IRR 0.01

FORECLOSURE CALCULATION ON

FUTURE PRINCIPLE 9036.00

ADD: BROKEN PERIOD INTEREST 0.00
ADD: BP OVERDUE @ 2% 0.00
ADD: OVERDUE 0.00
ADD: AFC AS PER ANNEXURE 0.00
ADD: CHEQUE BOUNCE CHARGES 0.00
ADD: COL. CHARGES 0.00
ADD: LEGAL CHARGES 0.00
ADD: SEIZURE CHARGES 0.00
ADD: FORECLOSURE CHARGES @ 0% 0.00
ADD: OTHER CHARGES 0.00

LESS: ADVANCE INSTALLMENTS 6024.00

LESS: ADVANCE INSURANCE 0.00
LESS: CLEARING CHARGES 0.00
LESS: INSTALLMENT RECEIVED IN ADVANCE 0.00

TOTAL FCL AMOUNT 3012.00

FUTURE PRINCIPAL 9036.00

BP INTEREST 0.00

Kindly Note that:

1. Interest will be charges at the sanctioned rate.

2. We will send your unutilized post-dated cheques when you foreclosure the loan.
3. If you decide to foreclose, please make the payments of the above Total Amount Payable through a cash or draft
4. Overdue interest per year is 36%
5. Above foreclosure working is valid upto 02/03/2023
6. Per day interest of Rs. 0.00
7.We will not be able to hold the EMI presentation for the consecutive month, if the foreclosure payment is made after 24th. Hence request you to
refrain from making FC payment to avoid deduction of upcoming EMI or subsequent charges. You can make the FC payment after your due date.

For any clarification please feel free to call us at 1800 103 5005
*Please mention the loan agreement no for all future correspondence. This is a computer generated letter and does not require any
signature (s)