TRUE CREDITS PRIVATE LIMITED

Huda City Centre Metro Station 5th floor, Sector - 29 Gurgaon, Haryana 122001, India
CIN : U65190HR2017PTC070653, NBFC Registration No. - N-14.03510

Loan Prepaid Letter

Date : 06/05/2024 Ref : TBLV05-11005-6577232
(Loan ID : 6577232)
Govind Singh,
S/0-Rajendra Singh,
Anwalkhera Agra,
Uttarpradesh, 283201, India

Dear Govind,

This letter is made in reference to your loan application number TBLV05-11005-6577232 dated 04/05/2024.
Based on the information you provided in your loan application, we are pleased to inform you of the approval
of your loan based on the following terms and conditions:

Loan Amount Rs. 6,10,000

Rate of Interest 04.00% whole term
Loan Tenure 72 month(s), 1 day(s)
Processing Fee 2% of loan amount excluding the GST
GST or Processing Fee Rs. (1440+4150+5500)Agent charges including
Total Installment Amount Rs. 10506
Number of Installments 72
Installment Frequency Monthly
Repayment Schedule As prescribed in the Loan Agreement
Penal Interest 0.1% per day on Principal Outstanding
APR APR 58.87%

Other terms and condition

1. Loan disbursement will be made to bank account provided with the loan application.
2. This sanction can be revoked and / or cancelled on the sole discretion of the company.
3. Your repayment schedule shall be depending upon the actual date of disbursement of Loan. You are
advised to refer Loan Agreement for the same.
4. Total Installment Amount & EMI is indicative and is subject to change depending upon the repayment
schedule in Loan agreement.
5. Daily 0.3% Penal interest will be charged in case of repayment overdue on the principal due
amount from the date of default.
6. You can make the pre-payment of Installment or foreclose the loan without any penalty/foreclosure
charges. However, interest will be charged for the entire period of loan in both the situation.
7. Interest rate will be charged on flat basis.
8. You shall be required to bear and pay applicable stamp duty, charges levied by Central Registry of
Securitization Asset Reconstruction and Security Interest of India (CERSAI) and all other statutory /
regulatory charges / taxes that are presently applicable and as may be made applicable from time to
time. Such charges shall be non-refundable.

Email: cs@truecredits.in; Website: truecredits.in

 TRUE CREDITS PRIVATE LIMITED
Huda City Centre Metro Station 5th floor, Sector - 29 Gurgaon, Haryana 122001, India
CIN : U65190HR2017PTC070653, NBFC Registration No. - N-14.03510

9. True Credits offers different interest rate based on loan amount, tenor, down payment, payment history
with True Credits, credit score provided by credit information companies, borrower's age, income,
type of documents provided by the applicant and any other information as may be required for the
purpose of credit evaluation.
10. You understand and acknowledge that this loan has been granted with clear understanding that you
hereby waive all rights including without limitation, immunity in respect of any repayment of loan by
way of injunction or moratorium available to the you in the capacity of borrower.
11. You understand and acknowledge that the language of this Sanction letter is known to you and that
you have read and understood the features of the loan product and the terms and conditions mentioned
herein and contained in any other loan documents and shall abide by them including any amendment
thereto, with free will and volition.
12. You understand and acknowledge the cost and charges associated with the loan and that once the
disbursement is made in your bank account your loan cannot be withdrawn and reverted.
13. In case of any query / complaint you can contact through our helpline number 0420-4101028 and
email cs@truecredits.in and if query does not resolved on the stipulated time, then you can further
approach the Grievance Redressal Officer as per redressal policy available on the company website.
14. Please refer “Loan Application- Terms and Conditions” and “Terms and Conditions for obtaining
loans from True Credits Private Limited” for terms and conditions applicable to this loan, a copy of
which has been provided to you and is also available at website of True Credits :
https://truecredits.in/loan-application-terms-and-conditions/

Agreed and Accepted

Applicant Name, Digitally Accepted at

Email: cs@truecredits.in; Website: truecredits.in