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    Sanction Letter

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    Surya Narayana
    1. Mr. Suryanarayana G's application for a two-wheeler loan of Rs. 281,100 from ICICI Bank has been approved for 36 months at an interest rate of 18%. 2. The processing fee is Rs. 1,770 and the EMI will be Rs. 3,995, subject to the actual interest rate and disbursement date. 3. The loan will be disbursed upon receiving documents including KYC, signed agreement, repayment mandates, margin money receipt, and insurance documents.

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    Sanction Letter

    Uploaded by

    Surya Narayana
    433 views1 page
    1. Mr. Suryanarayana G's application for a two-wheeler loan of Rs. 281,100 from ICICI Bank has been approved for 36 months at an interest rate of 18%. 2. The processing fee is Rs. 1,770 and the EMI will be Rs. 3,995, subject to the actual interest rate and disbursement date. 3. The loan will be disbursed upon receiving documents including KYC, signed agreement, repayment mandates, margin money receipt, and insurance documents.

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    1. Mr. Suryanarayana G's application for a two-wheeler loan of Rs. 281,100 from ICICI Bank has been approved for 36 months at an interest rate of 18%. 2. The processing fee is Rs. 1,770 and the EMI will be Rs. 3,995, subject to the actual interest rate and disbursement date. 3. The loan will be disbursed upon receiving documents including KYC, signed agreement, repayment mandates, margin money receipt, and insurance documents.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    433 views1 page

    Sanction Letter

    Uploaded by

    Surya Narayana
    1. Mr. Suryanarayana G's application for a two-wheeler loan of Rs. 281,100 from ICICI Bank has been approved for 36 months at an interest rate of 18%. 2. The processing fee is Rs. 1,770 and the EMI will be Rs. 3,995, subject to the actual interest rate and disbursement date. 3. The loan will be disbursed upon receiving documents including KYC, signed agreement, repayment mandates, margin money receipt, and insurance documents.

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    © All Rights Reserved
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    of 1

    Date: 19/04/2023 Referral code:

    Ref.No: ECode:
    Name: MR . SURYANARAYANA G
    Address: CHIKKABALLAPUR
    KARNATAKA
    561208
    APPROVAL LETTER FOR YOUR TWO WHEELER LOAN
    Dear MR. SURYANARAYANA G

    Your ICICI Bank TWO WHEELER Loan Application ID TWI096611575 has been approved for the purchase of New
    TWO WHEELER as per the details given below:

    Loan amount Tenure (in Rate of interest Processing fee EMI* Name of the supplier/dealer
    months)
    281100 36 18.0 % 1770.00 3995.0
    *This is an indicative quote. The actual EMI will depend on the rate and date of disbursement.
    Your loan will be disbursed upon receipt of the following documents:
    1. Know Your Customer (KYC) documents.
    2. Stamped Credit Facility Application Form (CFAF)/ Agreement Booklet at the dealer at the nearest ICICI Bank
    branch.
    3. Repayment mandates/ instruments.
    4. Margin Money Receipt (MMR).
    5. Pro forma invoice and Insurance Cover Note (ICN) with hypothecation in favor of ICICI Bank Ltd.
    This sanction letter is valid for a maximum of 7days from the date of issue and is subject to terms conditions stated
    above.Any change in terms/conditions would require a fresh sanction letter.
    This Pre-Approved (PA) offer will be extended to Used Two Wheeler - Sale Purchase purpose and eligibility would be
    80% of the offer amount.Offer amount* will vary subject to valuation* of the Used Two Wheeler. Maximum tenor will be
    upto 48 months or lower. *T&C apply.
    This must not be treated as a ‘delivery order’ in respect to the vehicle. ICICI Bank will not be liable for any defect or
    delay in delivery or for any service issue concerning the dealer/ Regional Transport Office/insurance company or any
    other intermediary involved in the deal.
    The vehicle has to be registered as per the address mentioned in the address proof submitted to the Bank aspart of
    KYC documentation. Processing fee and other charges will be applicable as per the Schedule of Charges mentioned
    on the Bank's website.
    ICICI Bank shall not be liable for any failure to perform its obligations where such a failure is due to circumstances
    beyond the control of the bank.
    ICICI Bank shall be entitled to revoke the application before the execution of CFAF along with other ancillary
    documents in connection with the Facility, inter alia, in any of the following circumstances:
    1. There is any material change in the purpose(s) for which the Facility has been applied for.
    2. In the sole judgment of ICICI Bank, any material fact has been inconsistent or concealed or is subsequently
    known.
    3. Any statement made by or on your behalf in your application or otherwise, is incorrect, incomplete or misleading.
    In case you require any further information, you may write to us at [email protected] or visit the nearest
    ICICI Bank branch.
    Sincerely,
    Team ICICI Bank

    This is a computer generated advice and does not require any signature.

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