SANCTION

LETTER

Date: 2022-08-06

Customer Name: KRISHNAMRAJU KOKKERLAPATI

Address Details: S/O Kokkerlapati Nagaraju,8-69,amalapuram
panchayathi,Visakhapatnam,Vempadu,Andhra Pradesh,India,531081,, ANDHRA PRADESH

Dear Sir/Madam,

Please refer to your request for a loan facility from DMI Finance Private Limited. We are happy to inform
you that we have sanctioned a loan facility against your request.

Following are the key terms and conditions governing the loan facility.

01. Sanction Amount 21200

02. Rate of Interest per annum, 1) 42% p.a. in case of bank transfer.
on reducing balance basis

03. Service Charges (Inclusive 1) Service charges will be charged by slice on

of GST) bank transfer as services charges based on loan
amount availed. The service charges will be
calculated as follows:

a) Loan value Rs. 0-200 : Rs. 10 flat fee.

b) Loan value Rs. 201-500 : Rs. 30 flat fee.
c) Loan value Rs. 501-1000 : Rs. 60 flat fee.
d) Loan value more than Rs. 1000: Rs. 30 flat fee
for every increment in loan value by Rs. 500.
Maximum service charges which can be charged
by slice is Rs. 3000.

Illustration - If the order value is Rs. 2000, the

charges will be Rs. 120 (i.e. Rs. 60 upto an Order
Value of Rs. 1000 + Rs.30 for the increment in
order value by every Rs. 500)
2) Zero service charges for loans availed on slice
card and electronic gift vouchers

04. Prepayment Charges The prepayment charges currently levied by the

Financing Partner is zero.

05. Penalty Charges In case of delay by the Customer in making

payment of any outstanding amount,
 Financing Partner will levy Penalty Charges,
on and from the 1st day of the relevant
outstanding amount becoming overdue. The
Penalty Charges will be levied depending on
the total principal outstanding for each loan
availed by the Customer which is overdue.

The penalty charges will be calculated in the

manner as set out below:

Principal Penalty
Outstanding (in Charges/Day (in
Rs.) Rs.)

0 – 500 0

501 – 2000 15

2001 – 10000 40

10001 – 25000 100

> 25000 150

It is clarified that the penalty charged will be

capped at 30% of the outstanding principal
amount or Rs. 3000, (whichever is lower).

Example: In case the outstanding principal

amount under all your loans is ₹ 2000 and due
date of payment is October 5, 2022, the
penalty charges will come into effect if the
outstanding amount is not paid on or before
October 5, 2022. If the Customer makes
payment of the outstanding amount on
October 15, 2022, the Penalty Charges for the
10 day delay will be Rs. 150 (i.e. Rs. 15* 10).

The Financing Partner reserves the right to amend any of the above-mentioned
terms of this Sanction Letter, however slice may amend/revise the fee/charges levied
by slice. In case there is change in the above-mentioned k ey terms such change will
be communicated to you on your registered Email ID or through the slice Portal.

By click ing on ‘Agree & Continue’ button on the slice portal or by

transacting/utilizing the slice Card or by availing other products on slice portal, you
hereby agree to be bound by the terms of this Sanction Letter.

Further you agree that each time you utilise the slice card for undertak ing the
transaction, the Financing Partner will sanction and disburse the loan in your slice
card to undertak e the said transaction

Further you hereby agree and ack nowledge that loan transactions initiated through
utilization of slice will be for a tenure upto 18 months. The above terms and
conditions will be set out in greater detail in the relevant loan agreement.
DMI Finance Private Limited

This is a system-generated letter and does not require any signature