Sanction Letter - D Ramesh
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6-9-17,Ratnadeepika Plaza, 9/1,Arundelpet, GUNTUR – 522 002 IBL/ADV/2009-10/G23016
Ph: 0863-2331001/ 2 Date:17.11.2009
To, RAMESH DUGGIRALA BHANU NAGAR, G O COLONY ISUKATHOTA,VISAKHAPATNAM.
Madam/Sir, Sanction of Credit Facilities. With reference to the captioned subject, we are pleased to convey sanction of various credit limits as under along with detailed terms and conditions annexed: Facility Fund Based Overdraft against NSC Bonds(Renewal)
(Rs. in lacs) Sanctioned Limits Rs.50000.00
The limits will be released only after complying with the terms and conditions of sanction as per Annexure enclosed: Please return to us the duplicate copy of this letter in token of your acknowledgement and that the all conditions would be compiled with. Yours Sincerely, Authorise Signatory
TERMS & CONDITIONS I.
Facility I Limit
Overdraft against NSC Bonds Rs.0.50 lacs(Rupees Fifty Thousand only)(RENEWAL) 15.00% 14.00%i.e,BPLR-2.75%.(Present BPLR16.75%). 1 year Pledge of 6 NSC Bonds having face value of RS.60000/-(Rs.10000/each)
Margin Rate of Interest Period Security
45EE303J22 -10000.00 60EE195926 -10000.00 60EE195927 -10000.00 60EE985724 -10000.00 63EE173896 -10000.00 63EE173897 -10000.00
TOTAL -
60000.00
IV
Processing charges
1% of the loan amount
V.
Penal rate
2% over applicable rate
Monthly interest has to be paid regularly. Regards
The above sanction terms and conditions are acceptable to us
Authorise Signatory Borrower
Ph: 0863-2331001/ 2 Date:17.11.2009
To, RAMESH DUGGIRALA BHANU NAGAR, G O COLONY ISUKATHOTA,VISAKHAPATNAM.
Madam/Sir, Sanction of Credit Facilities. With reference to the captioned subject, we are pleased to convey sanction of various credit limits as under along with detailed terms and conditions annexed: Facility Fund Based Overdraft against NSC Bonds(Renewal)
(Rs. in lacs) Sanctioned Limits Rs.50000.00
The limits will be released only after complying with the terms and conditions of sanction as per Annexure enclosed: Please return to us the duplicate copy of this letter in token of your acknowledgement and that the all conditions would be compiled with. Yours Sincerely, Authorise Signatory
TERMS & CONDITIONS I.
Facility I Limit
Overdraft against NSC Bonds Rs.0.50 lacs(Rupees Fifty Thousand only)(RENEWAL) 15.00% 14.00%i.e,BPLR-2.75%.(Present BPLR16.75%). 1 year Pledge of 6 NSC Bonds having face value of RS.60000/-(Rs.10000/each)
Margin Rate of Interest Period Security
45EE303J22 -10000.00 60EE195926 -10000.00 60EE195927 -10000.00 60EE985724 -10000.00 63EE173896 -10000.00 63EE173897 -10000.00
TOTAL -
60000.00
IV
Processing charges
1% of the loan amount
V.
Penal rate
2% over applicable rate
Monthly interest has to be paid regularly. Regards
The above sanction terms and conditions are acceptable to us
Authorise Signatory Borrower
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