Dear {{ $user->full_name }},
⚠️ IMPORTANT NOTICE: Your loan has been marked as defaulted due to non-payment beyond the agreed return date.
Loan Details
| Loan ID: | {{ $loan->id }} |
| Application Date: | {{ $application_date ? $application_date->format('M j, Y') : 'N/A' }} |
| Return Date: | {{ $return_date->format('M j, Y') }} |
| Principal Amount: | KSh {{ number_format($loan->amount, 0) }} |
| Interest Rate: | {{ $loan->interest_rate }}% |
| Total Amount: | KSh {{ number_format($loan->total_amount, 0) }} |
| Amount Paid: | KSh {{ number_format($loan->paid_amount, 0) }} |
| Outstanding Balance: | KSh {{ number_format($outstanding_balance, 0) }} |
This loan was due for full repayment by {{ $return_date->format('M j, Y') }}, but remains unpaid. As per our loan agreement terms, this loan has now been marked as defaulted.
What happens next:
- The outstanding balance of KSh {{ number_format($outstanding_balance, 0) }} is now considered in default
- Additional penalties and interest may apply
- Your credit standing with Morio Sacco may be affected
- Legal action may be taken if the outstanding amount is not settled
Immediate Action Required:
Please contact our loan department immediately to discuss settlement options and avoid further penalties.
Contact Information:
Morio Sacco Loan Department
Phone: +254 XXX XXX XXX
Email: loans@morio-sacco.co.ke
Office Hours: Monday - Friday, 8:00 AM - 5:00 PM
Morio Sacco Loan Department
Phone: +254 XXX XXX XXX
Email: loans@morio-sacco.co.ke
Office Hours: Monday - Friday, 8:00 AM - 5:00 PM
We appreciate your past business with Morio Sacco and hope to resolve this matter amicably.
Best regards,
Morio Sacco Management