| Ref.No. |
UNITED BANK OF INDIA |
|
______________ Branch |
|
Date __________________ |
|
|
Sri ___________________________
Dear Sir,
Ref : Your application dated _________________ for a Limit
under United Gramin Sahaj Credit Card Scheme
With reference to your captioned application, we have
pleasure in according our sanction of the above limit under the following terms &
conditions.
Yours faithfully,
Manager
Terms & Conditions :
| 1. |
Nature of Loan |
: |
Overdraft for General purpose |
| 2. |
Limit |
: |
Rs. _______________________ |
| 3. |
Margin |
: |
NIL |
| 4. |
Security |
: |
NIL |
| 5. |
Interest |
: |
12 % p.a. with monthly rest (Interest rate is
subjected to change as per RBI/Bank’s instructions) |
| 6. |
Insurance |
: |
Personal accident risks to be covered under
appropriate policy of Bajaj Allianz Ltd. and the insurance premium will be realized to the
Debit of the OD A/c. |
| 7. |
Other Conditions |
: |
- You have to operate the OD a/c regularly with monthly
servicing of interest.
- Failure to service OD interest for more than one quarter may
attract recalling of entire dues.
- You have to produce the photo – identity card each time
during withdrawal of Cash from the OD a/c.
- Bank may add/ modify/ substitute any terms in future without
prior consent from you
- Personal guarantee of all the earning members to be given
- Sanction letter is valid for two months.
|
|
|
|
|
If you agree with the above terms &
conditions, you are requested to sign on the duplicate copy & return the same to us.
Yours faithfully,
Manager
Date:-
_______________ Branch
I do hereby accept the above terms & conditions of the
sanction by the Bank and agree to avail the loan.
Signature of the Applicant Borrower/ key person of the
family.
Countersigned by the other earning family members.
|
