Sanction Letter
Please read carefully
Date: 2024-12-30 16:45:37
Dear Surender Kumar
sub tehsil aut Panarsa Mandi Mandi HIMACHAL PRADESH 175121
We refer to your application and are pleased to advise the sanction of Facility as per following terms and conditions:
Date of Application 2024-12-30 16:45:37
Lead ID FAST5121734063604893
Name of the Borrower/Co-borrowers
Surender Kumar
(“Borrower”)
Nature of Facility Personal Loan
Purpose of Facility Personal Use
Loan Amount 60001
Rate of Interest (fixed rate)
(Per annum on reducing balance applied 25%
monthly)
Tenure of the Facility 12 Months Frequency of repayment Monthly
Break up between Principal and Interest
(Interest is accumulated on your loan account
from the day of disbursement, hence values
Principal Amount (Rs) - 60001
mentioned in the corresponding table are Examples of SMA/NPA classification dates As mentioned below the table
Indicative Interest Amount* (Rs) - 8639
indicative, repayment schedule with actual
values will be shared subsequent to
disbursement)
Amount of EMI Payable 5703
EMI Due date 5th of every month
Insurance Premium NA
IHO Premium NA
Credit Health Report (CHR) NA
Pre Instalment Interest will be computed from date of disbursement to the due date of the next month as mentioned in the Loan
Agreement. It will fall due on the due date falling on the next month, however, will be charged separately on the due date of the
subsequent month following the next month along-with First EMI (For the purpose of illustration –the loan is disbursed on 15th
Pre Instalment Interest of October, and the due date is 4th of every month and the First instalment date is 4th December. Pre-instalment interest in this
case would be computed from 15th October till 3rd of November and will fall due on 4th November. However, the Pre-EMI will be
collected on 4th of December, along with the first EMI).
Validity of the Sanction Letter 30 days from date of sanction
Fees and Charges
a. Processing Fee 4.99% of loan amount at the time of disbursal plus applicable taxes.
On application b. Agreement franking charges as per actuals
Fees and Charges
Bounce charges - Rs.500/ -
(Note: The Cheque/ECS/NACH dishonour charges as referred to above are not compensatory and/or to be construed as any form of consideration towards the
During the
act of dishonour and in no ways should the same be construed as fees recovered under this facility. It is abundantly clarified that SMFG India Credit does not
term of the
tolerate dishonour of instruments and/or deposit of an invalid, fake or unworthy instrument issued towards meeting payment obligations under this facility and
loan
any Charges collected thereof are not intended to compound such acts of dishonour. Notwithstanding any Charges collected hereof SMFG India Credit reserves
its right to invoke appropriate civil and criminal laws.)
3.39% + GST of the principal amount foreclosed plus applicable charges. (Note: No foreclosure charges/ pre-payment penalties will be applicable on any floating
On foreclosure rate term loan sanctioned for purposes other than business to individual borrowers)
Charges for
delayed 3% per month of the overdue principal calculated on day to day basis plus applicable taxes.
payments
Other
No Part Prepayment is allowed in this loan.
Conditions
All taxes including goods and services tax, duties and levies as per applicable law pertaining to the transaction (including on the charges mentioned above)
Taxes & Levies
whether present or in future to be borne by the Borrower.
PLEASE DO NOT PAY CASH / OTHER EQUIVALENT FORM TO ANYONE FOR THE PROCESSING OF YOUR LOAN, IF PAYMENTS MADE TO ANY REPRESENTATIVE OF SMFG INDIA CREDIT TOWARDS ANY FEE / CHARGES,
PLEASE ASK FOR VALID RECEIPT.
IN CASE ANY DEMAND FOR CASH IS MADE PLEASE REFUSE AND CONTACT NEAREST SMFG INDIA CREDIT BRANCH OR CALL THE CONTACT CENTER NUMBER MENTIONED BELOW.
IF ANY VERBAL COMMUNICATION MADE TO YOU IS IN CONTRADICTION TO THE ABOVE TERMS & CONDITIONS OR IF YOU HAVE ANY GRIEVANCE REGARDING THE CREDIT FACILITY, PLEASE CONTACT US AT 1800
103 6001 (MON-SAT 9:00 A.M. TO 7:00 P.M. (except public holidays and fourth (4th) Saturday of the month) OR WRITE TO US AT [email protected]
SMFG INDIA CREDIT Fair Practices Code web link for Grievance Redressal Mechanism - https://www.smfgindiacredit.com/policies/fair-practices-code.aspx.
All charges mentioned above will either be payable upfront or deducted from disbursal amount.
Example for SMA and NPA in accordance with RBI
Method of calculation of Special Mention Account (SMA) and Non-Performing Asset (NPA) account, in case of default by any customer, shall be as follows:
Few important definitions and concepts:
SMFG India Credit shall classify any account as SMA or NPA after running day-end process.
Day-end process: At the end of every calendar day, SMFG India Credit shall run a process to determine whether an account will be treated as overdue or not. In case of NACH/ e-NACH
mandates/ standing instructions, if by the time the day-end process is run, the dues from the customer are not received into the designated bank account of SMFG India Credit, the
amount would be considered as not received and therefore will be treated as overdue. In case of collection by cash, the date of issuance of money receipt by SMFG India Credit shall be
treated as the date when the amount has been duly received by SMFG India Credit. In case of collection by cheques, the value date shall be considered as the date when the amount has
been received by SMFG India Credit, unless the cheque is subsequently returned as dishonoured by SMFG India Credit’s bank(s), in which case the instalment/ EMI amount shall be
considered as overdue at the end of day on the value date, i.e. the due date of such payment.
Special Mention Account (SMA): RBI guidelines require a lender like SMFG India Credit to immediately recognize incipient stress in borrower account by classifying them as SMA. RBI
prescribes three levels for SMA recognition, viz., SMA-0, SMA-1 and SMA-2. For definition of SMA and grading mechanism, you may want to refer RBI circular no.
DBR.No.BP.BC.45/21.04.048/2018-19 dated June 7, 2019 on ‘Prudential Framework for Resolution of Stressed Assets’.
Illustration:
In case the due date for an account is 4th calendar day of every month (say, 4th July 2021). The SMA and NPA classification in such cases shall be as follows:
If the EMI/ entire dues of a particular account are not received into the bank account of SMFG India Credit before the day-end process is run on the 4th calendar day, i.e. the due date, the account
shall be treated as overdue after day-end process. Accordingly, this account shall be classified as SMA-0.
If this account remains continuously overdue even after the completion of day-end process on 30th day from the initial due date, after its classification as SMA-0, the account shall be classified as
SMA-1, immediately after running of day-end process, if the full dues are not received before day-end process is run on the 30th day.
If the account continues to remain overdue for 60 days, it shall be classified as SMA-2 upon running day-end process on the 60th day from the initial due date.
If the account remains continuously overdue for 90 days, it shall get classified as NPA upon running day-end process on the 90th day from the initial due date.
Once an account is classified as NPA, it may be upgraded as ‘standard’ only after the entire arrears/ overdue of interest and principal are paid fully.
The above illustration has been further explained in the table below:
Day-end process on DPD Scenario Classification
04.07.2021 1 If full dues are not received before the day-end process SMA 0
03.08.2021 31 If full dues are not received before the day-end process SMA 1
02.09.2021 61 If full dues are not received before the day-end process SMA 2
02.10.2021 91 If full dues are not received before the day-end process NPA
Terms & Conditions:
I/We acknowledge that:
These are the most important terms of the aforesaid Facility, and all other terms and conditions of the Facility shall be as specified in the Loan Agreement.
There shall be no refund of Processing Fee paid to SMFG India Credit in any case whatsoever.
The above charges may be modified by SMFG India Credit without notice in case prescribed by any of the regulatory authorities and with due notice or intimation in any other scenarios through any of
the communication process mentioned in the Agreement
SMFG India Credit, at its sole discretion, shall be entitled to revoke this sanction upon occurrence of any of the following events:
There is any material change in the purpose(s) for which the Facility has been sanctioned.
In the sole judgment of SMFG India Credit, any material facts have been concealed and / or become subsequently known.
Any statement, declaration, undertaking or disclosure made by, or on behalf of, the Borrower/Customer in the application or otherwise is incorrect, inaccurate, incomplete or misleading.
There is a default or a breach of the terms and conditions of this Sanction Letter, the Loan Documents or any other loan offered by SMFG India Credit or its group company to the Borrower/Co-
Borrower.
If there is any bankruptcy or insolvency proceeding filed or admitted against the Borrower/Customer.
Relevant documents are not executed by the Borrower as per SMFG India Credit’s policy and format.
I/We are aware that the Sanction Letter, Loan agreement and other incidental documents executed by me/us integrate all the conditions mentioned herein or incidental thereto, and supersede all
negotiations or prior writings, except for those provisions specified herein. In the event of any conflict between the terms, conditions and provisions of the Sanction Letter/Loan agreement/
documents executed incidental thereto with the terms mentioned herein, then in such an event the terms, conditions and provisions mentioned in the Loan Agreement shall prevail.
The sanction of the abovementioned Credit Facility and all the terms and conditions mentioned in this Sanction Letter are subject to the execution of a Loan Agreement and other documents in
writing in physical or digital form (“Loan Documents”) as SMFG India Credit may specify in the prescribed formats. This Sanction Letter intends to summarize certain basic terms of the Loan and the
Loan Documents and does not reflect the complete agreement between SMFG India Credit and the Borrower in relation to the Loan.
The Sanction Letter shall contain additional terms and conditions which may have not been set out in the Loan Agreement shall be read together with the terms and conditions specified in the Loan
Agreement.
Notwithstanding the issuance of this Sanction Letter and the acceptance thereof, SMFG India Credit may decide to not disburse the entire or part of the Facility, repudiate and rescind this Sanction
Letter unilaterally without assigning any reasons.
Disclosure: As a precondition to the Credit Facility to be granted to the Borrower by the SMFG India Credit, the Borrower by accepting this Sanction Letter authorize, consent and agree for the
disclosure and sharing by the SMFG India Credit of all or any information and data relating to the Borrower to the Reserve Bank of India (“RBI”) and/or to the Credit Information Bureau (India) Ltd
(“CIBIL”) and/or to information utilities (“IUs”) and/or to any other agency authorized in this behalf by RBI / CIBIL, to the SMFG India Credit’s professional advisers and consultants, to its affiliates/
subsidiaries and to its service providers. In case of default in the repayment of the loan/advances/facility/interest on due dates, the SMFG India Credit and/or the RBI / CIBIL will have an unqualified
right to disclose or publish the name of the Borrower and its directors / partners as defaulter in such manner and through such medium as the bank or the Reserve Bank of India in their absolute
discretion may think fit.
In the event of any change of address for communication, any change in the job/ profession of the Borrower, the same needs to be intimated by the Borrower to SMFG India Credit, within one month.
Confidentiality: The Sanction Letter and its content are intended for the exclusive use of the Borrower and shall not be disclosed by the Borrower to any person other than the Borrower’s legal
advisors for the purposes of the proposed transaction unless the prior written consent of the Lender is obtained.
Representations and Warranties: Usual and customary for transactions of this nature, including but not limited to maintenance of existence; notices of default, material litigation; compliance with
applicable laws and decrees; payment of taxes; maintenance and insurance.
The tentative processing fee, interest rate and other charges and list of documents are available on the below mentioned links.
Fees and Charges : https://www.smfgindiacredit.com/personal-loan-interest-rates.aspx
Interest Rates : https://www.smfgindiacredit.com/pricing-policy/interest-rate-rationale.aspx
List of Documents : https://www.smfgindiacredit.com/personal-loan-documents-required.aspx
*** This is a system generated Sanction letter and does not require any signature***
Illustrative Repayment Schedule
Instalment No Outstanding Principal (in Rupees) Principal (in Rupees) Interest (in Rupees) Instalment (in Rupees)
1 60001 4453 1458 5911
2 55548 4546 1157 5703
3 51002 4640 1063 5703
4 46362 4737 966 5703
5 41625 4836 867 5703
6 36789 4937 766 5703
7 31852 5039 664 5703
8 26813 5144 559 5703
9 21669 5252 451 5703
10 16417 5361 342 5703
11 11056 5473 230 5703
12 5583 5583 116 5699
KEY FACT STATEMENT
Name of the Borrower Surender Kumar
Address of the Borrower sub tehsil aut Panarsa Mandi Mandi HIMACHAL PRADESH 175121
Name of Lender (RE) SMFG India Credit Co Ltd (Formerly Fullerton India Credit Co Ltd).
Name of the Lending Service Provider (LSP 1) Si Creva Capital Services Private Limited
Name of the Lending Service Provider (LSP 2) OnEMI Technology Solutions Private Limited
Name of the Digital Lending Application (DLA) Kissht
Date of Issuances 2024-12-30 16:45:37
Validity Period of KFS 30 Days from date of issuance
Sr.no. Parameter Details
PART 1- INTEREST RATES AND FEES/ CHARGES
Loan proposal/ account No. FAST5121734063604893
Type of Loan Personal Loan
(i) Sanction Loan Amount (in Rupees) 60001
Disbursement Schedule
a Disbursement in stages or 100% upfront. 100% upfront
If it is stage wise, mention the clause of loan
agreement having relevant details
b Disbursement Date -
c Interest details
(ii) Total Interest Amount (in Rs.) 8639
a Interest Rate (% per annum) 25%
b Interest RateType (fixed or floating or hybrid) Fixed
Additional Information in case of Floating rate of
c Not Applicable
interest
Reset Impact of change in the reference
Final periodicity benchmark (for 25 bps change in
Reference Benchmark Spread rate (%) (Months) ‘R’, change in:)
d Benchmark rate (%) (B) (%) (S) R = (B) +
(S) EPI (Equated Periodic No. of
B S
Installment) (Rs.) EPIs
- - - - - - - -
(iii) Fees and Charges
Payable to the RE (A) Payable to a third party through RE (B)
Amount in Rs or Amount in Rs or
One-time/ One-
Percentage (%) as Percentage (%) as
Recurring time/Recurring
applicable applicable
a. Processing Fees One-time 2994 One-time 539
Insurance
b. NA NA NA NA
Charges
c. Valuation Fees NA NA NA NA
Any Other
d. NA NA NA NA
(Please specify)
(iv) Net Disbursement Amount (in Rs.) (i)-(iii) 56468
(v) Total Amount to be Paid (in Rs.) (sum of (i), and (ii) 68640
(vi) Annual Percentage Rate 38%
(vii) Loan term (year/months/days) 12 Months
(viii) Instalment Details
a Type of Instalments Monthly
Number of Equated Periodic Instalments (EPIs)
b 12
(EPIs at monthly intervals are called EMIs.)
Equated Periodic Instalment (EPI) (in Rs.) (as per
c 5703
Annexure A)
d Commencement of repayment, post sanction 2025-02-05
Details of Contingent Charges # (in Rs or %
(ix) as applicable)(#charges contingent upon
occurrence or non-occurrence of specified
event)
a Penal charges, if any, in case of delayed payment Refer - Annexure B
b Bounce Charge Refer - Annexure B
c Foreclosure charges, if applicable Refer - Annexure B
Charges for switching of loans from floating to fixed
d Refer - Annexure B
rate and vice versa
e Any other charges (please specify) NA
(x) Part 2 (Other qualitative information)
Refer to Clause 1.8 (Service Providers) of this Loan
Clause of Loan agreement relating to engagement
a Agreement
of recovery agents
Refer to Clause 1.9 (Customer Grievance Redressal
Clause of Loan agreement which details grievance
b Mechanism) of this Loan Agreement
redressal mechanism
Phone number and email id of the nodal grievance Refer to Schedule 2 of this KFS
c
redressal officer
Whether the loan is, or in future maybe, subject to No
d
transfer to other REs or securitisation (Yes/ No)
In case of lending under collaborative lending arrangements (e.g., co-lending/ outsourcing), following additional
(xi)
details may be furnished:
Name of the originating RE, along with its Name of the partner RE along with its Blended rate of
a funding proportion proportion of funding interest
NA NA NA
(xii) Other disclosures
Cooling off/look-up period during which borrower
a shall not be charged any penalty on prepayment of 3 Days from the date of disbursement
loan
OnEMI Technology Solutions Private Limited and for other
Details of LSP acting as recovery agent and
b recovery agents details please click here
authorized to approach the Borrower
https://sicrevacapital.com/collection-agencies/
For Privacy Policy, please find below links
Si Creva :- https://sicrevacapital.com/privacy-policy
PaywithRing:- https://www.paywithring.com/consumer/privacy-policy
SMFG India Credit Co. Ltd. (Formally Fullerton India Credi Co. Ltd.):- https://www.smfgindiacredit.com/policies/privacy-policy.aspx
For Statement of Accounts, please contact customer care
[email protected]Schedule 1 - Details of Recovery Mechanism:LSP
a. SI Creva Capital Services Private Limited (SCCSPL) is an RBI registered NBFC follows all extant rules related to collections
practices as laid down under regulations. SCCSPL follows a customer first approach where the emphasis of collections is to
work with the borrower so as to ensure the best outcome for them, while educating them on their rights and consequences
under different scenarios.
b. The course of action adopted by SCCSPL post default by the borrower in repaying the scheduled repayment(s) is as follows:
In the event of any delay or default in payment of any amount due and payable by the borrower in relation to the loan,
the immediate action taken is to initiate messaging through SMS, in-app chat, Verified WhatsApp Business Account,
IVR, notifications, email and tele-calling by our inhouse collection team. The messaging is context-based and focuses
on customer education and warning around credit bureau impacting future loans and legal impact.
The next action taken is to send written communication by letters and/ or by electronic communication LDN (Loan
Demand Notice) and LRN (Loan Recovery Notice) through multiple channels including email, SMS, Verified WhatsApp
Business Account and registered post in vernacular languages.
Finally, SCCSPL delegates the recovery to its network of field agents who will first visit the borrower at the place of
their choice, and in the absence of any specified choice of place, at the place of their residence and if unavailable at
residence, at the place of business/occupation/ identified place of work. Such personal visits shall ideally be from 8.00
am to 7.00 pm. It is ensured that the external collection partners are compliant with RBI guidelines and
recommendations and follow best industry practice. In case of personal visits, identity and authority of persons
making such visits for follow up and recovery would be made known to the obligors at the first instance. All collection
agents will be required to follow a code of conduct covering their dealings with the borrowers. All the practices
adopted for follow up and recovery of dues and enforcement of security will be in consonance with applicable laws. In
addition to the foregoing, recovery proceedings may be initiated in accordance with applicable laws.
Schedule 2- Details of Grievance Redressal Mechanism and Grievance Officer:
Level 1:(LSP)
022 62820570 / 022 48914921
The customer can get in touch with the customer service executive over call between 9:30 am to 6:30 pm, 7 days a
Call week & 365 days a year by dialling the above number.
If the customer is unable to connect due to temporary heavy call volumes. A callback shall be attempted, in most
of the cases, by the customer services team to the customer to resolve his query/grievances.
022 48913631
The customer can get in touch with the customer service executive over Chat (preferably from his/her registered
mobile number) between 9:30 am to 6:30 pm, 7 days a week & 365 days a year by saving the above Official
Chat WhatsApp Chat number on his/her smartphone. In addition to WhatsApp Chat, the customer can also Chat with
the customer service executive by simply using the Chat option given in the Kissht/PaywithRing App.
During non-working hours, the customer can use the automated Chatbox service available on the same number
for getting his/her basic queries resolved and for raising a grievance too.
[email protected]
Email The customer can get in touch with the customer service executive over Email by sending his query/grievance
(preferably from his/her registered email id) to the above mentioned email id of the company.
Level 2 : (RE) : If customer is unable to get a satisfactory response or is unable to reach the above Level 1 channels for Grievance
Redressal, he/she may choose to escalate the issue to the below mentioned officer’s:
Grievance Redressal Officer (GRO)
Address: Grievance Redressal Of cer, SMFG India Credit Co. Ltd.
(Formerly Fullerton India Credit Co. Ltd.),Ground Floor, Embassy
Lender 247, Gandhi Nagar, LBS Marg, Vikhroli West, Mumbai-400083 -
Ph: 022-69581104
Email: [email protected]
Grievance Redressal Officer (GRO) Nodal Officer (NO)
Mr. Mukul Dwivedi Ms. Benishba Jivin
Address: 10th Floor, Tower 4, Equinox Park, LBS Marg, Kurla West, Address: 10th Floor, Tower 4, Equinox Park, LBS
LSP 1 Mumbai, Maharashtra 400070 Marg, Kurla West, Mumbai, Maharashtra 400070
Ph: 7967112136 Ph: : 08046983691
Grievance Redressal Officer (GRO) Nodal Officer (NO)
Mr. Pravin Rathod Mr. Zaffar Khan
Address: 10th Floor, Tower 4, Equinox Park, LBS Marg, Kurla West, Address: 10th Floor, Tower 4, Equinox Park, LBS
LSP2 Mumbai, Maharashtra 400070 Marg, Kurla West, Mumbai, Maharashtra 400070
Ph: 080-68249277 Ph: : 080-68249278
Important Notes:
a. The Grievance Redressal Officer (GRO) may be reached on the number provided above anytime between 10:00 and 18:00 from
Monday to Saturday except public holidays or through the e-mail address above. The GRO shall endeavor to resolve the
grievance within a period of 14 days from the date of receipt of a grievance.
b. If the Borrower does not receive a response from the GRO within 14 (fourteen) days of making a representation, or if the
Borrower is not satisfied with the response received from the GRO, the Borrower may reach the Nodal Officer anytime
between 10:00 to 18:00 from Monday to Saturday except public holidays or write to the Nodal Officer at the e-mail address
above.
c. If the grievance is not redressed by the Nodal Officer of the Company, within a period of 30 (thirty) days, then the borrower can
lodge a complaint over the Complaint Management System (CMS) portal under the Reserve Bank- Integrated Ombudsman
Scheme (RB-IOS).
Annexure A: Repayment Schedule:
Instalment Instalment Outstanding Principal (in Principal (in Interest (in Instalment (in
number date Rs) Rs.) Rs.) Rs.)
1 2025-02-05 60001 4453 1458 5911
2 2025-03-05 55548 4546 1157 5703
3 2025-04-05 51002 4640 1063 5703
4 2025-05-05 46362 4737 966 5703
5 2025-06-05 41625 4836 867 5703
6 2025-07-05 36789 4937 766 5703
7 2025-08-05 31852 5039 664 5703
8 2025-09-05 26813 5144 559 5703
9 2025-10-05 21669 5252 451 5703
10 2025-11-05 16417 5361 342 5703
11 2025-12-05 11056 5473 230 5703
12 2026-01-05 5583 5583 116 5699
Note:
Please note that this Key Fact Statement and the repayment schedule is applicable in respect of availing a Loan as of this
moment, and is intended to be merely illustrative in case if the Loan is intended to be availed in future. For the sake of clarity, if
the Loan is availed in future, in that case depending upon the actual amount intended to be availed by the borrower and the
actual date of disbursement, a revised Key Fact Statement and the repayment schedule shall be shared, before the execution of
the Loan contract.
Annexure B- Details of Contingent charges:
Bounce Charges INR 500 per instance per EMI
Penal Charges 3% per month on overdue principal plus applicable taxes.
Important Notes
Bounce Charges & Daily Penal Charges will be applied if the EMI repayment is done after the scheduled due date or if otherwise
applicable as per the terms of the Financing Document (collectively referred to as “Late Payment Charges”).
Foreclosure charges 3.39% of the principal outstanding plus applicable taxes
Other charges NA
Important Note:
As and when any updates to the fees & charges are introduced by the Lenders, the borrower shall be intimated about such
changes by email or otherwise in the manner prescribed for the same from time to time by Lenders. The borrower shall at all times
ensure that his/her latest mobile number and email ID is updated with the Lenders. The Lenders shall rely upon the mobile
number and email ID provided by the borrower, and shall not be obliged to verify or make further inquiry into the validity of the
mobile number and email ID provided by the borrower. The borrower shall in no circumstance dispute such reliance by the
Lenders.
Annex B
Computation of APR for Retail and MSME loans
Sr.
Parameter Details
No.
1 Sanctioned Loan amount (in Rupees) (SL no. 1 of the KFS) 60001
2 Loan Term (in years/ months/ days) (SI No.7 of the KFS template – Part 1 ) 12 Months
a) No. of instalments for payment of principal, in case of non-equated periodic loans -
Monthly
Type of EPI Amount of each EPI (in Rupees) and nos. of EPIs
12
(e.g., no. of EMIs in case of monthly instalments)
b) 5703
(SI No.5 of the KFS template – Part 1)
c) No. of instalments for payment of capitalised interest, if any -
d) Commencement of repayments, post sanction (SI No. 8(d) of the KFS template – Part 1) 2025-02-05
3 Interest rate type (fixed or floating or hybrid) (SI No. 6 of the KFS template – Part 1) Fixed
4 Rate of Interest (SI No.6 of the KFS template – Part 1) 25%
Total Interest Amount to be charged during the entire tenor of the loan as per the rate
5 8639
prevailing on sanction date (in Rupees)
6 Fee/Charges payable (in Rupees) 3533
A Payable to the RE (SI No.8A of the KFS template – Part 1) 2994
B Payable to third-party routed through RE (SI No.8B of the KFS template – Part 1) 539
7 Net disbursed amount (1-6) (in Rupees) 56468
8 Total amount to be paid by the borrower (sum of 1 and 5 ) (in Rupees) 68640
Annual Percentage rate- Effective annualized interest rate (in percentage) (SI No.9 of the KFS
9 38%
template – Part1)
10 Schedule of disbursement as per terms and conditions -
2025-02-05 5 of every
11 Due date of payment of instalment and interest
month
a. All the charges indicated above or elsewhere in the Loan Agreement shall be exclusive of all taxes & statutory levies as may be
applicable on same including without limitation tax on goods and services with cess.
b. Borrower(s) hereby confirm that it/they have read and understood the terms of KFS.
c. Borrower(s) understands that APR provided hereinabove may differ where the Contingent Charges mentioned above are charged
during the tenure of the Loan.
