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    File Forms 9

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    Mohan Chandra
    The document is an application for a one-time settlement of a defaulted loan. It provides details of the loan account and amounts owed. It requests interest concession to settle the full amount by a certain date. An approval process and calculations are described.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    File Forms 9

    Uploaded by

    Mohan Chandra
    11 views4 pages
    The document is an application for a one-time settlement of a defaulted loan. It provides details of the loan account and amounts owed. It requests interest concession to settle the full amount by a certain date. An approval process and calculations are described.

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    The document is an application for a one-time settlement of a defaulted loan. It provides details of the loan account and amounts owed. It requests interest concession to settle the full amount by a certain date. An approval process and calculations are described.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    11 views4 pages

    File Forms 9

    Uploaded by

    Mohan Chandra
    The document is an application for a one-time settlement of a defaulted loan. It provides details of the loan account and amounts owed. It requests interest concession to settle the full amount by a certain date. An approval process and calculations are described.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    RM- 22

    Application for One Time Settlement Offer

    From

    To
    The Branch Head,
    Repco MSME Development and Finance Ltd.,
    ______________ Branch.

    Sir,

    Sub: Loan Account No. - One Time


    Settlement – Requested – Reg.
    *****

    We have availed a loan of Rs.________________ on ________________ under


    MF Loan A/c. No.____________ from your company. The loan is defaulted due to the following reasons:

    1)

    2)

    I intend to settle the account under One Time Settlement Scheme.

    Therefore if you could offer some interest concession, I shall arrange to repay the
    dues on or before ________________.

    The loan account shows the following dues as on _______________:

    Principal Outstanding : Rs.


    Interest Overdue : Rs.
    Other charges : Rs.
    ------------------
    Total : Rs.
    ------------------

    I am agreeable to pay Rs._____________ as one time settlement of dues. I shall arrange to pay
    the amount on or before _______________.

    Yours faithfully,

    Place :
    Date :
    RM- 23
    REPCO MSME DEVELOPMENT AND FINANCE LTD.,
    ___________________ BRANCH
    Rc.No. Dated:
    To
    The Executive Director,
    Repco MSME Development and Finance Ltd.,
    Chennai – 17.

    Sir,
    Sub: One Time Settlement proposal of Smt.________________________ - Reg.
    Ref: H.O. Cir.No. /2013, dated :
    -----
    With reference to the above, we forward herewith the One Time Settlement proposal of
    Smt._____________________________ for your consideration and sanction. The details are furnished
    below:

    1. Name of the Borrower& Address

    2 MF A/c No.

    3 Activity

    4 Date of original sanction (LSO)/ LSO No.

    5 Date of expiry of Loan

    6 Present Status of the Loan:

    7 Asset Classification: as of end of March of the previous year.

    8. BRIEF HISTORY OF THE ACCOUNT

     The detailed account of background / history of the borrower

     How and why the account became NPA/ what factors responsible.

    9.Remarks of Manager/Officer of branch who sourced and forwarded the loan proposal

    10. RECOMMENDATIONS OF BRANCH MANAGER

    Branch Manager
    FOR HEAD OFFICE USE ONLY:

    1. Name of the Branch :

    2. Name of the Borrower :

    3. Brief History and reasons for NPA/Default

    4. Date of NPA :

    5 Total dues outstanding


    (as at the end of the month during which loan will be closed under OTS)

    (i) As per Real Ledger a/c. Amount in Rs. (ii) As per Shadow Ledger a/c. Amount
    in Rs.

    Principal : Principal :
    Interest : Interest :
    Penalty : Penalty :
    Others : Others :
    Total : Total :

    (iii) As per revised calculation based


    on concessional rate under OTS : Rs.

    (iv) Sacrifice Amount (ii) – (iii) : Rs.

    (v). OTS – Repayment schedule

    6. Reasons for accepting OTS proposal :


    CALCULATION OF OTS AMOUNT

    Rate of Interest (Simple) applicable from the date of NPA :

    Acceptable OTS Amount (Pl.enclose Calculation Sheet) :

    Amount offered by the borrower under OTS : :

    RECOMMENDATIONS OF THE SETTLEMENT ADVISORY COMMITTEE

    Director E.D.

    Disposal by the Sanctioning Authority.

    Managing Director
    SANCTIONING AUTHORITY

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