| Name of Complainant | |
| Date of Complaint | July 27, 2022 |
| Name(s) of companies complained against | |
| Category of complaint | Internet Services |
| Permanent link of complaint | Right click to copy link |
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LOAN AND SECURITY AGREEMENT
Date: 26-07-2022
CLN Number: WUH2889614
Name of the Applicant: surendra singh
Address: Devla surajpur gautam buddh Nagar Uttar Pradesh
Phone No: 918447081911
Dear Sir/Madm
Subject: Your application for India Union Credit Cash 6 months Loan facility
We thank you for choosing India Union Credit Cash Loan Technology PVT LTDas your financier for unsecured personal loan. We are pleased to inform you that with reference to the above application, we have in-principle sanctioned you a loan facility, the details of which are given below:
Type of Facility
Loan Tenure
Loan Tenure
6 months
Loan Amount
INR 270000
Interest Type
Fixed
Interest Rate
0.5 % per month
Sanction Letter Validity
Valid for one month from the date of sanction letter
Processing Fee applicable (Will be refunded)
INR 13500
All the applicable taxes, duties and levies would be additionally charged as per law.
The Processing fees and applicable charges will be collected prior to loan disbursement. The total interest will be spread over the term of the loan.
Note. As per terms and conditions, 3% per month (36.5% per annum) will be charged as delayed interest on the amount of sum overdue from the due date of instalment.
Special terms: Your loan is pre-approved by India Union Credit Cash Technology PVT LTD. In some cases, our partner banks will perform special verification on your credit check and charge additional fees.
On your acceptance of the terms above, we will disburse an amount of INR270000, which will be directly disbursed to your salary bank account submitted at the time of loan application.
You are requested to go through the enclosed terms and conditions of the loan agreement and send us a signed acceptance copy for us to proceed with your loan disbursement.
REFUND & CANCELLATION POLICYAny additional payment made by You shall be refunded back within 30 days pursuant to the reconciliation of the accounts by India Union Credit Cash. There will be no cancellation of the service once You have received the loan amount in Your bank account.
For India Union Credit Cash Loan Technology PVT LTD
Authorised Signatory
Accepted the offer
