Dear {{$mailData->name}},

At the time of taking a loan, and while agreeing to all the terms and conditions vide formal agreement, you had also approved an e-mandate which would enable us to activate it on your payment due date in order to recover the due amount.

Your due date for repaying of our loan for {{nf($mailData->repayAmount)}} was on {{df($mailData->repayDate)}}. We had sent you a reminder mail saying that the e-mandate would be activated on {{df($mailData->repayDate)}} and requested you to maintain sufficient balance. Subsequently also we sent you text messages saying the same.

But when we had duly activated the e-mandate on {{df($mailData->repayDate)}} it was dishonored saying you didn’t have sufficient balance in your account.

Since we gave you sufficient advance notice about the e-mandate, it appears that your action was deliberate, with the aim of avoiding payment.

Hence, we have no alternative but to initiate legal proceedings against you for recovery of our dues and also the penalty for bouncing of e-mandates.

However, we will activate the same e-mandate a few times more before proceeding with the legal course.

Best regards

{{cmp()->companyName}}

Note : Paying this loan back on time may entitle you to a higher amount of loan next time. Along with benefits of reduced rates of interest and other charges.