Cholamandalam Investment and Finance Company Limited,

Registered office: 'Chola Crest', C54-55 & Super B-4,Thiru-Vi-Ka Industrial Estate, Guindy, Chennai - 600032.
CIN: L65993TN1978PLC007576.
Sanction Letter – Personal Loan
To, Date: 01/04/2024
Name: SHAIK MOHAMMED ZAKIR Place: Kurnool
Address: C/O: Shaik Chand Bas
ha,10-49,Babu Gounda Street,Near masoom Basha Dargah,Kurnool,Kurnool
Urban,Kurnool,Kurnool,Andhra Pradesh,518001
Kurnool - 518001
Andhra Pradesh
We are glad to inform you that your loan (Application No. DCPLKNOL000008127830) has been sanctioned on the following terms and
conditions.
Type of Loan Term loan
Purpose of Loan Personal
Amount Sanctioned (In Rupees) Rs. 51,000.00
Term (In Months) 12
Number of Installments 12
Type of Interest Fixed
Rate of Interest 20.25%
Annual Percentage Rate 28.17%
Rate of Additional Interest (in %) p.a. on Not exceeding 36% per annum on the amount outstanding from the due
delayed payments date to the date of actual payment
Amount of each Installment(in Rupees) Rs. 4,731.00
Mode of Repayment UPI Mandate
Mode of Preclosure - Full & Final D.D or net banking from the Borrower Bank Account only.
Charges on Preclosure - Full & Final 4% of the amount on principal outstanding will be charged.
Processing Fee received from customer (Non 3.0% / Rs. 1,530.00
Refundable)
Cooling off Period Three Days
Note: All the aforesaid fees and charges are exclusive of applicable taxes, duties, levies, surcharges and cess as may be applicable from time to time.
Please read the following general terms and conditions for sanction of loan.
General terms and conditions
1. This sanction is subject to your acceptance of Standard Loan Terms in the format as may be prescribed and the disbursement
shall be at the sole discretion of Cholamandalam Investment and Finance Company Limited (“CIFCL/the Company”).
2. You may at your sole discretion opt for the following insurance cover
Insurance Cover Amount Premium Remarks
Personal Accident The Principal outstanding at the Rs.66.0 RakshaKavach includes bothPersonal Accident and
Cover time of claim Critical Illness Cover
Health Insurance
Life Insurance
All the above

3. CIFCL may at any point in time require additional documents and reserves its right to amend the terms of the sanction before
disbursement under intimation.
4. Any advance payments made by you prior to the installment due dates for whatsoever reasons, shall be given
credit to your loan account. However, adjustments of such advance amount received against installment will be
given only on the installment due dates. Such advance payments received will neither be adjusted against the
principal nor will be eligible for any rebate in interest.
5. All payments should be made promptly on due dates and shall be made in favour of Cholamandalam Investment and Finance
Company Limited vide ACH/ E-NACH or such other mode as stated in the loan agreement at the discretion of CIFCL.
6. Additional charges including service charges, documentation charges, outstation cheque charges etc., may be levied by
CIFCL from time to time as may be applicable to the Borrower.
7. The rate of interest will be different for different categories of borrowers based on the individual asset, credit and risk profiles
and based on the interest rate model disclosed in the Company's website.
8. Any delay in payment of installments and other charges will attract Additional Interest at the rate not exceeding
36% p.a from the due date to date of actual payment.
9. The following charges, if relevant, will be levied without further intimation: a) cheque/ACH/E-NACH/ dishonor/mandate
rejection charges of Rs.1000/- per bounce/rejection, b) Swapping of cheque/ACH/E-NACH issued will attract a charge of
Rs.500/- per swap request with applicable taxes, if any, c)Rs.500/- will be charged per physical statement of account, Rs.500/-
will be charged for each physical repayment schedule and Rs.1000/- will be charged per duplicate No Objection Certificate
(NOC), d)In case of rejection of E-NACH/ACH or such other mandate or disabled bank account, a charge of Rs. 500/- will be
debited. The Borrower is liable to pay stamp duty as applicable. All taxes, duties, levies, surcharges and cess including but not
limited to Goods and Services Tax (GST) shall be charged as may be applicable from time to time.
10. Alteration and rescheduling of the installments: CIFCL reserves its rights to change or re-schedule the installments
prospectively with the formal consent of the Borrower.
11. Borrower can exit the loan transaction by paying the outstanding principal and the proportionate Annual Percentage Rate
without paying any Preclosure charge during the aforesaid cooling off period.
12. Termination and Company's other rights: In case of expiry of the term of Loan specified in Standard Loan Terms or earlier
termination by a notice by the Company, the loan facility shall stand terminated. In such an event, the Borrower shall not be
entitled to the benefit of paying the loan in installments of the amounts remaining payable, which shall fall due immediately
 together with the amount already in arrears and shall be liable to pay Additional Interest on the termination price until realization
of the full payment.
13. Event of Default: The following shall be construed as events of default: If the Borrower fails to perform any of their obligations;
dishonours mandate, becomes a defaulter with any other lender, becomes insolvent, bankrupt proceedings are initiated
against them, convicted or charged by any Court of law/Government authorities for any offence; violates any of the terms and
conditions of the Standard Loan Terms. On the question whether any of the above events/circumstances has occurred, the
decision of the Company shall be final, conclusive and binding on the Borrower. The above terms are only gist of few important
terms and the Borrower may refer the Standard Loan Terms for the detailed version.
14. As a precondition to the Loan to be granted to the Borrower, the Borrower by accepting this Sanction Letter authorize, consent
and agree for the disclosure and sharing of all or any information and data relating to the Borrower to the Reserve Bank of India
(“RBI”) and/or to the Credit Information Companies (CIC) and/or to any other agency authorized in this behalf by RBI / CIC, to
the CIFCL’s professional advisers and consultants, to its group companies, subsidiaries or any other person as CIFCL may
deem fit.
15. The Borrower may be required to provide one-time access to his/her mobile phone camera, microphone and location based on
the requirement of capturing his/her photo and identifying the location as the same will be necessary for the purpose of on-
boarding/ KYC requirements. The Borrower can either give or deny consent for such access during the loan tenure. In the case
of Borrower denying consent, the on-boarding may fail/or KYC requirements may not be fulfilled, and resultantly, CIFCL will be
forced to withdraw this sanction letter.
16. This Sanction Letter forms an integral part of the loan documentation and shall be read in consonance with the Standard Loan
Terms. In case of discrepancies between terms and conditions in the Standard Loan Terms and Sanction Letter, the terms and
conditions of the Standard Loan Terms would override this Sanction Letter.
17. A copy of the Standard Loan Terms accepted by the Borrower will be shared within 30 days from the date of disbursement of
loan.
18. CIFCL reserves its right to amend/modify the charges/fee prospectively with formal consent of the Borrower.
19. The above sanction of finance facility is valid for 5 days from the date of this letter. In order to avail the loan, you may give your
unconditional acceptance of all the terms and conditions of the sanction by acknowledging the duplicate copy of this letter and
return the same to the Company within 5 days, at the expiry of which the sanction will lapse.
Enclosure: Key Fact Statement
Thanking you,

Name : SHAIK MOHAMMED ZAKIR

IP :
Geo Tag : 15.837837837837837 , 78.02505234358641
Date: 01/04/2024 22:59:12.790282
As this Sanction Letter is system generated, it does not require the signature of the Authorised Signatory of CIFCL.
 KEY FACT STATEMENT/FACT SHEET
Applicant Name: SHAIK MOHAMMED ZAKIR Date: 01/04/2024
Sr. Parameter Details
No
(i) Loan Amount (in Rupees) Rs. 51,000.00
(ii) Total interest chargeable during the entire tenor of the loan (in Rupees) Rs. 5,766.00
(iii) Other up-front Charges:
(a) Processing Fees, (in Rupees) Rs. 1,805.00
(b) Insurance charges in Rupees (Including the Tax Amt.) Rs.66.0
(iv) Net disbursable amount (in Rupees) Rs. 48,754.00
(v) Total amount to be paid by the borrower (in Rupees) Rs. 56,766.00
Annual Percentage Rate - Effective annualized interest rate (in percentage)
(vi) (computed on net disbursed amount using IRR approach and reducing 28.17%
balance method)
(vii) Tenor of the Loan (in Months) 12
(viii) Repayment frequency by the borrower Monthly
(ix) Number of instalments of repayment 12
(x) Amount of each instalment of repayment (in Rupees) Rs. 4,731.00
Details about contingent charges
Not exceeding 36% per annum on the amount
(xi) Penal Charges outstanding from the due date to the date of
actual payment
(xii) Cheque/Mandate Swap Charges Rs. 500
(xiii) Cheque/Mandate Dishonour Charges Rs. 1000
(xiv) Mandate rejection Charges Rs. 500
(xv) Statement of Account Charges Rs. 500 per copy
(xvi) Duplicate NOC Charges Rs. 1000 per copy
(xvii) Physical Repayment Schedule Charges Rs. 500 per copy
(xviii) Preclosure Charges 4% charges on outstanding principal Amount
(xix) Legal/Recovery Charges At Actuals
Other disclosures
(xx) Cooling off period during which borrower shall not be
charged any Preclosure Charge on preclosure of loan. Three Days
Details of Lending Service Provider (LSP) acting as
(xxi) recovery agent and authorized to approach the NIL
borrower.
Name:Mr. Krishnakumar K.P
Designation:Grievance Redressal Officer / Principal Nodal Officer
Name and contact details of nodal grievance redressal Address:Cholamandalam Investment & Finance Company Limited (CIFCL),
(xxii) officer designated specifically to deal with FinTech/ Dare House 1st Floor, 2, NSC Bose Road, Chennai 600001
digital lending related complaints/ issues.
Phone No:044 - 40906114
E-mail:principalnodalofficer@chola.murugappa.com

Acceptance of the Borrower(s)

To,
M/s. Cholamandalam Investment and Finance
Chola Crest', C54-55 & Super B-4,Thiru-Vi-Ka Industrial Estate, Guindy, Chennai - 600032.
I/We can read and understand the terms in English. I/We agree to receive all documents/correspondence in English.
I/We hereby confirm that I/we have read and understood all the terms and conditions of sanction of the loan facility dated 01/04/2024
extended to me/us and give my/our unconditional acceptance for the sanctioned facility as per the said terms and conditions.
Further, I/We hereby give my/our consent to deduct Insurance premium payable in relation to the insurance scheme, if any, agreed and
opted by me/us from the loan amount at the time of disbursal.
By clicking “I accept/I agree” button I electronically sign and accept these sanction letter terms and conditions and agree to be legally
bound by the same. I irrevocably accept and agree to unconditionally bound by all the terms and conditions set out herein, and I
acknowledge and confirm that these terms have been duly read and fully understood by me.
Clickwrap signature of Borrower
Name : SHAIK MOHAMMED ZAKIR
IP :
Geo Tag : 15.837837837837837 , 78.02505234358641
Date: 01/04/2024 22:59:12.790282