Sanction Letter
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To,
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Rahul Sharma
Issue Date 29/11/2025
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Dear Customer,
In reference to your aforesaid loan application applied through digital lending application provided by RRYO Private Limited, we hereby inform you that the loan application has been duly approved by ACG Leasing Limited basis the acceptance given by you on the adherence to the terms and conditions of the Personal Loan.
The details of the Personal Loan, as approved by the lender, are provided hereinbelow:
your reference -
| Loan Type | Personal Loan |
| Loan Amount (Rs.) | 25,000 |
| Tenure | 30 days |
| No. of Installments | 1 (Single Payment Loan) |
| Processing Fee | 3,750 |
| Interest Amount | 1,875 |
| Annualised Rate | 7.5% per month |
| Service Fee | 0 |
| Net Disbursal Amount | 21,250 |
| Annual Percentage Rate | 321.96% |
| Payment Frequency | Single Payment |
| Due Date | 30 days from disbursement |
| Total Amount Payable | 26,875 |
DETAIL OF CONTINGENT CHARGES
| 1 |
Early Repayment Charge (%) (%)
|
0% |
| 2 |
Overdue Interest |
36% p.a. (0.1% per day) |
| 3 |
Late Payment Fine (Rs.) (. ) |
₹1,000 |
OTHER TERMS & CONDITIONS
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The Loan shall be governed by the Privacy Policy and terms and conditions mentioned in Loan
Application form accepted by you together with the submission of the Loan Application.
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You authorize to accept all the instructions/ applications/ requests made by you through e-mail,
SMS, mobile application etc. on the contact details mentioned in the loan application in respect
of all loan(s) obtained by you and for the purposes of considering, granting, approving or
disbursing the loan(s).
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The lender offers different interest rate based on loan amount, tenure, down payment, payment
history with credit score provided by credit information companies, borrower's age, income,
type of documents provided by the applicant and any other information as may be required for
the purpose of credit evaluation. You understand that offers and charges differ and are based
on rational evaluation and you agree to abide by such rationale and that any changes in the rate
of interest and fee/charges shall take effect prospectively. You further confirm that you shall
be categorized under High, Low, Medium or any other risk category based on the aforementioned
factors and the loan performance.
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"Net Disbursal Amount" is arrived after subtracting Processing Fee levied upfront at the time of
loan approval.
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"Total Amount to be paid by Borrower" is the amount payable by Borrower estimated as on date as
the sum of Loan Amount, Interest Amount, Processing Fee, Service Fee (as applicable), but does
not include any contingent charges or any other amount which may become payable due to change
in terms and conditions of the Loan or pursuant to any order or direction received under
Applicable Law from time to time.
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In case the Borrower opts for prepayment of the Personal Loan before the completion of the
Tenure, the balance amount of Service Fee, as on the date of prepayment, shall become due for
payment by the Borrower immediately along with the Outstanding Balance of the Personal Loan and
applicable charges.
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All fees and charges, if not specified otherwise, are inclusive of all taxes. The lender may,
at its own discretion, decide not to levy or waive/discount any charges/penalty earlier levied
on the Loan.
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Example of SMA/NPA classification: If due date of a loan account is March 31, 2024 and full dues
are not received before the lending institution runs the day-end process for this date, the date
of overdue shall be March 31, 2024. If it continues to remain overdue, then this account shall
get tagged as SMA-1 upon running day-end process on April 30, 2024 i.e. upon completion of 30
days of being continuously overdue. Accordingly, the date of SMA-1 classification for that
account shall be April 30, 2024. Similarly, if the account continues to remain overdue, it shall
get tagged as SMA-2 upon running day-end process on May 30, 2024 and if it continues to remain
overdue further, it shall get classified as NPA upon running day-end process on June 29, 2024.
For ACG Leasing Limited
Authorized
Signatory
Loan Repayment Schedule
Sr.
No. |
Month/ Due
Date |
Principal (A) |
Interest (B) |
EMI (C=A+B) |
Service Fee (D) |
Monthly Instalment
(E=C+D) |
Outstanding
Principal (F) |
| |
/ |
( ) |
( ) |
( = + ) |
( ) |
( = + ) |
( ) |
| 1 |
30 days from
Disbursement |
₹25,000 |
₹1,875 |
₹26,875 |
₹0 |
₹26,875 |
₹0 |
| 2 |
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| 3 |
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