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Tvs Welcome Letter

This welcome letter from L&T Finance Limited provides details about a two-wheeler loan account for the customer Samir, including loan amount, tenure, EMI details, and repayment information. The letter emphasizes the importance of maintaining adequate funds for auto debit payments and outlines the process for asset registration and loan closure. It also includes important points regarding communication, payment methods, and the company's rights concerning document submission and inaccuracies in the letter.

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78 views3 pages

Tvs Welcome Letter

This welcome letter from L&T Finance Limited provides details about a two-wheeler loan account for the customer Samir, including loan amount, tenure, EMI details, and repayment information. The letter emphasizes the importance of maintaining adequate funds for auto debit payments and outlines the process for asset registration and loan closure. It also includes important points regarding communication, payment methods, and the company's rights concerning document submission and inaccuracies in the letter.

Uploaded by

Ad Junction
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Welcome Letter for your Loan Account Number: T02524150624031711

Customer Details Product & Asset Details


Customer Name: SAMIR . Product: TWO WHEELER LOAN
Customer Address: H189 J J COLONY OLD Asset Details: Burgman Street BS6
SEEMAPURI EAST DELHI Chasis No: MD2B72BXXPPJ62188
NEW DELHI, DELHI, 110095
Engine No: JEXPPJ62232
Mobile No: 9560723469
Email ID: NA

Dear Customer,

Greetings from L&T Finance Limited (formerly known as L&T Finance Holdings Limited) (“LTF/L&T Finance”),
Welcome to the L&T Finance family. We value you for choosing us to serve your financial needs. You can be rest assured that
whatever your financial needs be, we will strive our best to match your utmost satisfaction and convenience.
Given below are your loan and asset details:

Loan Amount (Rs.) Tenure EMI Amount (Rs.) EMI Cycle and Frequency
Rs. 109,728.00/- 24 Rs. 5,601.00/- 3rd - MONTHLY

Loan details Deductions from disbursement


Sanction Amount Rs. 109,728.00/- Processing Fees Rs. 00.00/-
Disbursal Amount Rs. 106,200.00/- Credit Life Insurance Amount Rs. 1,048.00/-
Disbursement Date 17-JUN-24 EMI Protect Rs. 00.00/-
Disbursed To M D MOTORS PVT Hospicash Rs. 00.00/-
LTD
Annualised Interest Rate 20.26% p.a. Wellness Rs. 00.00/-
Broken Period Interest Rs. 1,000.00/-
ECS Charges Rs. 600.00/-
Document Charges Rs. 200.00/-
Repayment details
Mode of Repayment Auto Debit EMI Start Date 03-08-24
Repayment Bank Name KOTAK MAHINDRA EMI End Date 03-07-26
BANK LTD.
We encourage you to honour the financial commitments as per terms of the agreement. Kindly refer attached repayment
schedule for repayment details and copy of loan agreement for further terms & conditions.

Register your asset (as applicable) and submit the Registration Certificate copy along with the copy of the insurance policy to our
branch or through our Self Help Option bit.ly/3LxUfWy within 45 days from the date of disbursement
We value our relationship and assure you of our best services.
Thanking you,
L&T Finance Limited
(formerly known as L&T Finance Holdings Limited)
This is a system generated letter and hence does not require any signature.

Important Points:
1. Please mention your Loan Account No. stated above for all future correspondence with us.
2. Please ensure that your bank account is adequately funded at least a day before the Instalment date. This will avoid levy
of additional charges/bounce charges for non-receipt of payment and ensure a smooth track record of your repayment.
3. If the Auto debit is failed EMI will be collected through cash/digital payment mode.
4. In case your loan is being closed through the process of pre-payment, the upcoming instalment is likely to be presented
on originally scheduled date. You are requested to issue a "Stop Payment" instruction to your banker in respect of
repayment instruments with respect to future loan instalments.
5. In the event of instalment getting realized upon presentation, the said instalment amount will be refunded within 30
(thirty) working days from receipt of your request, either by direct credit to the drawee account or through pay -order,
couriered to your mailing address on record
6. The Company reserves the right, without assuming any liability and without any prior notice, to cancel the loan if the
requisite documents as communicated by the Company are not produced within 30 (thirty) days from the date of
disbursement of the loan.
7. The figures stated above are system generated, any inaccuracies noticed in this letter need to be reported within 15
(fifteen) days of receipt of the letter failing which, the contents of this letter would be construed as correct and deemed
accepted.
8. Kindly insist for L&T Finance receipt for all your cash payments.
9. For making payment towards your loan by NEFT or RTGS please remit to LTF Beneficiary

Beneficiary Name L&T Finance Limited


Beneficiary Account Number LTTWT02524150624031711
Bank Axis Bank
IFSC Code UTIB0CCH274
Disclaimer:
Personal details, NOC and EMI related QR Codes are not applicable for Warehouse Receipt Finance.
NOC QR Code-Not applicable for Home loans.

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