You are on page 1of 1

BMW Financial Services

Early Termination Quote

Customer Name Levana Hospitality LLP

Date 06-04-2023

Loan Account Number CN00164720

Vehicle Details BMW 3 Series 320d Luxury Line

Principal Outstanding 1,084,812.69

Late Payment Penalty 0.00

Cheque Bounce Charges 0.00

Interest for the Month 5,418.04

Other Charges 0.00

Early Termination Charges 21,696.25

Tax on Early Termination Charges 3,905.33

Pending Installments 0.00

Refunds 0.00

Total Amount Payable 1,119,335.57

All amounts in INR

Please Note:
1. The date of foreclosure considered in above calculation is 06-04-2023 For each day beyond this date an additional interest will be

charged at the rate of INR 541.80 per day.In case of payment beyond the above date, please request for a fresh quote.

2. The interest must be calculated till the date of receipt of the funds in the bank account of BMW India Financial Services. For payment via cheque, please
consider interest for three additional working days, to accommodate the cheque clearing process. Kindly intimate us, through an email, on payment/ transfer of
funds to our Bank Account. The payment should be in favour of BMW India Financial Services Private Limited.

3. Early Termination Charges are calculated @ 2.00% of Principal Outstanding (plus GST @ 18% on charges).
4. Principal outstanding amount, as reflected above, is calculated basis last EMI presented. In case the termination is within 7 working days prior to EMI due
5. The vehicle particulars as per our records are as follows: RC number: and the VIN number: In case of any discrepancy /
change in the RC / VIN number, kindly submit a scan copy of RC through an email.

6. EMI processing starts 7 working days before the EMI due date. Accordingly your next EMI would get processed if the payment date for

Early Termination falls after 09/04/2023 (EMI due date less 7 working days)

7. On clearance of the total due amount, we shall courier Form 35 (No Objection Certificate)within 7 working days to your registered address, as per our
records. All un-presented Post Dated / Security Cheques submitted to us at the time of loan disbursement shall be cancelled/ destroyed at our end in 7
working days from the date of termination of loan contract.

8. If the Borrower at the time of closure of the Loan or at any time before 6 months from the closure of the Loan or up to 3 months after the closure of the
Loan avails any other loan from the BMW Financial Services for financing any vehicle for personal usage manufactured by BMW India Private Limited, the
Borrower shall be eligible for a waiver of full amount of Early Termination Charges along with applicable taxes paid by the Borrower hereunder.

Once again, thank you for your support and patronage of BMW Financial Services.

Company
BMW India Financial Services Pvt. Ltd.
Registered Office Address
The Oberoi Corporate Tower.
Building No. 11, 1st Floor, DLF Cyber City, Phase 2
Gurugram, 122002 Haryana, India
Telephone 1800 102 2269
Email BMWFS-CustomerService@bmw.in
Internet www.bmw.in
Corporate Identity Number
This quote is generated on customer request and is in accordance with the terms and conditions set out in finance agreement. This
U65921HR2009FTC039654
is a computer generated document hence does not require a signature.

You might also like