Sanction Letter

Date: 02-04-2023
To,
Dipak Sunil Bagade
Survey No 135, Shelar Chawl, Paud Road, Kothrud,
Maharashtra Pune 411038,
Subject: Sanction letter/approval for Loan
Dear Mr. Dipak Sunil Bagade,

We are pleased to inform you that you are eligible for a loan facility from us as per the following terms :
Sr.No. Particulars Details

1. Agreement Number sclr0182222
2. Loan application date 26-03-2023
3. Loan Agreement date 02-04-2023
4. Details of the Lender K. M. Global Credit Private Limited
5. Name of the Borrower Dipak Sunil Bagade
6. Purpose of the loan Upskilling Edtech
7. (i) Transaction Amount ₹ 2,64,000.00/- (Rupees Two Lakh Sixty Four Thousand only )
(iii) Loan amount (amount
8. disbursed/to be disbursed to the ₹ 2,64,000.00 /- (Rupees Two Lakh Sixty Four Thousand only )
borrower)
(iv) Total interest charge during ₹ 1,42,560.00/- (Rupees One Lakh Forty Two Thousand Five Hundred
9.
the entire tenor of the loan and Sixty only )
10. (v) Rate of Interest 10.8 % / (Flat Balance Amount (Annualized))
11. (vi) Net disbursed amount ₹ 2,64,000.00/- (Rupees Two Lakh Sixty Four Thousand only )
(vii) Processing fees (including
12. ₹ 0/- (Rupees )
GST), if any
Total amount to be paid by the ₹ 406,560/- (Rupees Four Lakh Six Thousand Five Hundred and Sixty
13.
borrower (iv) + (vi) only )
Annual Percentage Rate -
14. 18.5%
Effective annualized interest rate
Amount of each installment of
15. ₹ 6,776/- (Rupees Six Thousand Seven Hundred and Seventy Six only )
repayment
16. First Installment due date 2023-05-05
Tenor of the Loan (in
17. 60 months
months/days)
Repayment frequency by the
18. Monthly
borrower
Number of installments of
19. 60 Installments
repayment
20. Prepayment charges Zero
Details about Contingent Charges
Rate of annualized penal charges
21. in case of delayed payments (if 54.75% on outstanding amount
any)
₹ 300/- per late payment OR dishonor of cheque/ECS/NACH per
Late Payments /Cheque /ECS
22. presentation. Two successive cheque bounces/ auto debit failure will
/NACH dishonoured charges
lead to loan recall notice being issued
Other disclosures
Cooling off/look-up period during
which borrower shall not be
23. 4 days
charged any penalty on
prepayment of loan
Details of LSP acting as recovery
24. agent and authorized to approach https://creditfair.in/list-of-lsp
the borrower
Name, Designation, Address and Name: Shraddha Mandlik
Phone number of nodal grievance Designation: Grievance Redressal Officer Address: Grievance Redressal
redressal officer designated Officer Surya Mahal, 4th Floor, 5 Bhurjorji Bharucha Marg, Mumbai-
25. specifically to deal with FinTech/ 400001
digital lending related complaints/ Telephone no.: +91 9137504870
E-mail ID.: [email protected]
issues https://creditfair.in/grievance-policy
We are collecting 2 undated cheques. One of Loan Amount & one
Undated Cheques & Cash Security Cheque of EMI Amount. Unused cheques will be shredded at
26.
Collection our end after successful repayment of the loan. Any cash collection
would include additional Rs 400 per pick up.
Name: [INTERVIEWBIT SOFTWARE SERVICES PRIVATE LIMITED ] (Scaler
Academy)
27. Details of the Merchant
Address: Unit No. 906, Sakti Statesman, Gren Glan Layout, Bellandur,
Bengaluru (bangalore) Rural, Karnataka, 560103
General Terms and Conditions registered on the 17/10/2018 with the
SubRegistrar of Assurances MUMBAI-3, Vide registration no. BBE-
3/8503/2018 in Book No. - Vol. No. -from pages 1 to 27 will be
28. General Terms and Conditions
applicable for the Loan availed by the Borrower. The same shall form
part and parcel of this Most Important Document
https://creditfair.in/privacy-policy
Merchant Refunds & Loan In case of a return of a purchase to a merchant, a cancellation charge
29.
Cancellations of 1.4% per month on outstanding principal would be payable.
The terms of this loan sanction shall also be governed by General Terms and Conditions, which you may kindly read before confirming your acceptance.
The said documents are incorporated here by way this reference, Borrower's acceptance to the terms of this letter and the General Terms and Conditions
should be informed to the Lender by submission of a signed copy of the Most Important Document with the terms understood by the Borrowers. Further,
each of the Borrowers shall be jointly and severely responsible for compliance to the terms of this loan sanction and for repayment of the loan amount
disbursed.
This sanction letter will only be a letter of offer and shall stand revoked and cancelled, if there are any material changes in the proposal for which the Loan
is sanctioned or; If any event occurs which, in our sole opinion is prejudicial to our interest or is likely to affect the financial condition of the Borrowers or
his / her/ their ability to perform any obligations under the loan or; any statement made in the loan application or representation made is found to be
incorrect or untrue or material fact has concealed or; upon completion of the validity period of 3 days of this offer unless extended by us in writing.
Principal Amount is ₹ 2,64,000.00
Best Regards,
Shraddha Mandlik
* 10.8% p.a. (Flat Balance Amount) OR 18.5% reducing balance rate
K. M. Global Credit Private Limited

Non Banking Finance Company . CIN No. U65999MH2018PTC308921
Surya Mahal 4th Floor, 5 Burjorji Bharucha Marg, Fort, Mumbai 400001
http://creditfair.in | [email protected]

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Date: 02-04-2023

Subject: Sanction letter/approval for Loan

Dear Mr. Dipak Sunil Bagade,

Sr.No. Particulars Details

* 10.8% p.a. (Flat Balance Amount) OR 18.5% reducing balance rate

K. M. Global Credit Private Limited

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