(Loan Disbursement / Monitoring Stage)
(To be issued on the Letterhead of Chartered Accountant Firm)
Date: _______________
To,
The Branch Manager
________________ Bank / Financial Institution
Branch: __________________________
Subject: Certificate for End-use of Funds – Loan Disbursement / Monitoring Stage
We have examined the books of account, bank statements, supporting documents, invoices, records and other relevant information made available to us by M/s __________________________ (“the Borrower”), having its registered office at ___________________________________________, in connection with the loan facility sanctioned by your bank.
As informed to us, your bank has sanctioned the following credit facilities:
| Particulars | Details |
| Name of Borrower | __________________ |
| Nature of Facility | Term Loan / CC / OD / WC / Others |
| Sanction Letter No. & Date | __________________ |
| Amount Sanctioned | Rs. ______________ |
| Amount Disbursed till Date | Rs. ______________ |
| Purpose of Loan | __________________ |
Based on our verification of the records and explanations provided to us, we hereby certify that the funds disbursed amounting to Rs. ____________ up to //________ have been utilized for the purpose(s) specified in the sanction terms / loan agreement and no material diversion of funds has been observed, subject to the information and records produced before us.
Summary of Utilization of Funds
| Particulars | Amount (Rs.) |
| Amount Disbursed | __________ |
| Amount Utilized for Approved Purpose | __________ |
| Unutilized Balance (if any) | __________ |
| Diversion / Deviation observed (if any) | __________ |
The certificate is issued at the specific request of the borrower for submission to __________________ Bank / Financial Institution for the purpose of loan disbursement / monitoring.
Our verification has been carried out in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India. This certificate should not be used for any other purpose without our prior written consent.
For __________________ & Co.
Chartered Accountants
(Firm Registration No. ____________)
Signature: ____________________
Name of CA: __________________
Membership No.: ______________
UDIN: _______________________
Place: _______________________
