EMI Amount Sample Clauses

EMI Amount. Rs. 11402 /- 5. No. Of Advance EMIs 1 6. Total Advance EMI Amount Payable Upfront By the Borrower Prior to Disbursal Rs. 11402 /- 7. Number of Balance EMIs Due From Customer 9 8. First EMI due date 4th 9. Fees and Charges payable: 1. Processing fees (Including GST if applicable)/ Upfront interest Rs. 2130 /- 10. Total Upfront Payment Payable by Borrower Prior to Disbursal = Rs. 11402 /- 11. Mode of Repayment NACH Mandate in Favor of the Lender 12. Repayment NACH Mandate in Favor of the “GRAYQUEST FINTREE ESCROW ACCOUNT” 13. Repayment Instruments: (A) 2 Number of Signed Post Dated Cheques in favor of ““GRAYQUEST FINTREE ESCROW Account”” being taken from the Borrower 1 security PDC required for the balance loan amount in favor of “GRAYQUEST FINTREE ESCROW Account ” If requested by the customer, we will return back a scanned copy of cancellation of this PDC once the loan amount is successfully repaid. 1 security PDC required for the EMI amount in favor of GRAYQUEST FINTREE ESCROW Account ” (B) NACH Mandate in Favor of the “GRAYQUEST FINTREE ESCROW Account” 14. Account to Which Loan Will Be Disbursed on Behalf of Borrower Account Holder Bank Name: Educational Institute Bank 15. KYC Documents Required As Per KYC Policy Self-Attested copies of ID Proof (PAN Card) & Address Proof (Aadhar Card/Driving License/Voter ID/Passport) of the Borrower 16. Foreclosure Charges Prepayment Charges Nil Nil 17. Bounce charges of the Repayment Instrument(s): In case of default by reason of any Repayment Instrument(s) such as NACH/PDC being dishonored, the Lender shall charge Rs. 1200 + applicable GST per every instance of default/dishonor of NACH/PDC during the tenure of the loan 18. Default Interest/Penal Interest In case of delay in payment of Monthly Installment, the Lender shall charge default interest @ 3% per month compounded monthly on amount due (GST as applicable will be charged extra) on the total EMI amount that is outstanding AND due.