REMINDER NOTICE III
Ref :		Dated:

To

	,
	,


Sir/Madam,

Sub:		Loan - Loan of Rs sanctioned on
		Default in repayment of loan -
		Foreclosure notice issued - Reg.

Ref:		1. Our Notice Dt:
		2. Our Notice Dt:
		3. Our Notice Dt:

	With reference to the above a loan of Rs.
was sanctioned on and disbursed on towards A/C No:- Loan Account.The loan is repayable in with interest at %per annum. You had also executed the Demand Promissory Note, bond, deed of agreement, deed of hypothecation on

	You have failed to adhere to the repayment schedule and committed
default and have become a chronic defaulter. Despite several reminder, you have failed to clear the overdue which stands as under. ....2 As on

Principal Outstanding	: Rs.
Principal Overdue	: Rs.
Interest Overdue	: Rs.
Penalty Overdue	: Rs.
Others	: Rs.
		------------------------
Total	: Rs.
		------------------------

	As per the LSO and as per the documents executed by you on
the interest rate will be enhanced to % per annum in case of foreclosure of the loan. Further, the Bank has the right to foreclosure your account if you default in the payment of monthly instalments.
	In view of chronic default, we hereby put you to notice, that
if the overdues amounting Rs. as on is not cleared within 15 days from the date of receipt of this notice, then your loan account shall be treated as foreclosed with effect from . The rate of interest at percent per annum shall be charged from that date, on the entire outstanding of Rs. and we will be constrained to initiate appropriate legal proceedings as are available to us and consequence thereof. The cost of this notice Rs. 200/- is debited to your loan account.

Yours faithfully


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