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INTIMATH
Date: 25/10/2024,
To,
ATC MoToRs,
CHHATRAPATI SAMBHAII NAGAR,
Subject: Loan sanction of MR. BAPU GAJANAN KHOSARE.
Dear Sir,
We are pleased to inform you that we have sanctioned the loan proposal, details of which are mentioned
~~ [ Asset specifications (Make/Model) EICHER 3019 FBT Ty
‘No. of units LUNIT
Asset Performa Invoice Cost - 32,05,000/- |
(Less) Subvention / Discount, any |
(Less) Margin Money to be collected 955,000
by Dealer/Manufacturer |
Finance Approved 22,75,000/- |
| (ess) Other charges, ifany including 25,0007 |
loan policy) |
Final Amount to be Disbursed |
22,50,000/~ ___ |
Invoicing Instructions | Hypothecation with Kotak Mahindra Bank |
[Limited
We shall issue the release order / disbursement only after completion of necessary documentations /
formalities.
This offer Is valid for 30 days from the date of sanction.
Notes:
‘Any difference between the invoice price of the asset and the amount disbursed by us, as shown
above, is the amount which the Customer shall pay directly to you, or the Discount, if any, offered
by you to the Customer. In case the Asset is released without collection of the aforesaid amount (net
of discount), if any, then, KMBL shall not be responsible for the same and the delivery shall be at
your own risk.
‘The specifications of the asset such as Make & Model should not be varied from what is stated above
without the consent in writing from KMBL.
Delivery of the asset shall be only upon receipt of Comprehensive Insurance Policy duly endorsed in
favour of KOTAK MAHINDRA BANK LTD "
‘The Dealer shall reledse the Asset to the above named Customer / authorised representative only.
This is an Internal document.~ eS NOD
‘The Dealer shall verity the identity of the Customerfhis representative prior to delivery of the Asset,
to protect against any further lability, Where the delivery of the asset is given tothe vepresereann
of the Customer, the Dealer shall collect the Authorisation letter from the Customer for the delivery
of the Asset.
The Original Invoice and Receipt for the above payment shall be forwarded to our local branch.
‘The Dealer shall mention the Sales Tax / CST / VAT separately in the Invoice. Do not include it in the
Sale price.
The Dealer shall charge only Local Sales tax/ CST / VAT of Maharashtra state and not any other tax.
Invoice shall be issued by dealer in favour of above named Customer & address under Hypothecation
with Kotak Mahindra Bank Ltd.
KNBL shall be entitled to the refund of the amount pald, in case the asset is not delivered for any
reason whatsoever, In case where the delivery does not take place due to the Dealer not being able
to do so, refund will be made along with interest @ 12 % p.a. from the date of payment till the
receipt of the money.
~ Any Tosses/Irabilities arising to KMBL due to violation of non-compliance with any of the above terms
/conditions shall be borne by the Dealer.
If there is reduction in Asset price or increase in discount, dealer shall refund the difference to the
Bank,
Thanking you,
Yours faithfully,