Term Loan Payment Cover Letter to Bank with Waive off Request for Penal Interest

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Term Loan Payment Cover Letter to Bank with Waive off  Request for Penal Interest 

 

15.07.2025

 

To

The Assistant General Manager,

Bank of India,

Kolkata Main Branch,

23A-B, Netaji Subhas Road,

Kolkata 700 001.

  

Dear Sir,

 

            Sub: Payment towards our Term Loan Account No.400063100123456

 

This is to inform you that we have today transferred a sum of Rs.12,69,585/- through RTGS towards  payment of following dues on our captioned Term Loan Account:

 

                                                                                Rs.

Loan Instalment for Quarter ended June 2010          6,25,000

Interest for the Month of May 2025                        2,18,758 (Excluding Penal Interest of Rs.1782/-)

Interest for the Month of June 2025                         2,18,352 (Excluding Penal Interest of Rs.646/-)

Interest for the Month of July 2025                         2,07,475 (Estimated)

                        TOTAL                                     12,69,585     

 

Kindly acknowledge receipt.

 

As we are making payments regular basis, we would once again request your good selves to waive off the penal interest being charged to our account.

 

Thanking you, 

 

 

 

Yours faithfully,

For Stabnet Industrial Works Ltd.

 

 

 

Authorised Signatory           

  

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