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Key Fact Statement

The document provides details of a loan from Aditya Birla Finance Limited including the loan amount, interest charges, processing fees, repayment schedule, penalties, and contact information for grievances. The borrower takes a loan of ₹1,25,000 with interest of ₹50,233 to be paid over 48 monthly installments of ₹3,591 each, for a total repayment of ₹1,75,233.

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kumarsandeep838383
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359 views

Key Fact Statement

The document provides details of a loan from Aditya Birla Finance Limited including the loan amount, interest charges, processing fees, repayment schedule, penalties, and contact information for grievances. The borrower takes a loan of ₹1,25,000 with interest of ₹50,233 to be paid over 48 monthly installments of ₹3,591 each, for a total repayment of ₹1,75,233.

Uploaded by

kumarsandeep838383
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Key Fact Statement/Fact Sheet

Date : 16-10-2023
Name of the Regulated entity: Aditya Birla Finance Limited
Applicant Name: VISHAL SHARMA
Sr.No Parameter Details
Loan amount(amount disbursed/to be 1,25,000
(i) disbursed to the borrower) (in
Rupees)
Total interest charge during the entire 50,233
(ii)
tenor of the loan (in Rupees)
Other up-front charges, if any (break- 2,950
(iii) up of each component to be given
below) (in Rupees))
(a) Processing fees, if any (in Rupees) 2,950
(b) Insurance charges, if any (in Rupees) 0
Others (if any) (in Rupees) (details to
(c)
be provided)
Net disbursed amount ((i)-(iii)) (in 1,22,050
(iv)
Rupees)
Total amount to be paid by the 1,75,233
(v) borrower (sum of (i), (ii) and (iii))
(inRupees)
Annual Percentage Rate - Effective 16.75 %
annualized interest rate (in
(vi) percentage) (computed on net
disbursed amount using IRR approach
and reducing balance method)
(vii) Tenor of the Loan (in months/days) 48 months
(viii) Repayment frequency by the borrower Monthly
(ix) Number of instalments of repayment 48
(x) Amount of each instalment of 3,591
repayment (in Rupees)
Details about Contingent Charges
Rate of annualized penal charges in 36% p.a. on outstanding balance which is
(xi)
case of delayed payments (if any) overdue
NACH/e-mandate bounce charges (in
(xii) 500
Rupees)
(xiii) Preclosure charges 4% + GST on Principal Outstanding Amount
(xiv) Part payment 4% + GST on the principal payment
Other disclosures
Cooling off/look-up period during 3 Days
(xv) which borrower shall not be charged
any penalty on prepayment of loan
Details of LSP acting as recovery
(xvi) agent and authorized to approach the NA
borrower
Name, designation, address and phone ABFL GRO Details:
number of nodal grievance redressal Name: Ms. Rachana Padval
officer designated specifically to deal Email id: grievance.finance@adityabirlacap
with FinTech/ digital lending related ital.com
(xvii) complaints/ issues
Number: 080 – 45860196
Address:Aditya Birla Finance Limited,10th
Floor, R-Tech Park, Nirlon Complex,
Goregaon, Mumbai – 400063

Detailed Repayment Schedule


Installment Outstanding Principal Principal(in Interest (in Instalment (in
No. (in Rupees) Rupees) Rupees) Rupees)
0 1,25,000 0 2,850 2,850
1 1,23,154 1,846 1,745 3,591
2 1,21,283 1,871 1,720 3,591
3 1,19,385 1,898 1,693 3,591
4 1,17,461 1,924 1,667 3,591
5 1,15,510 1,951 1,640 3,591
6 1,13,532 1,978 1,613 3,591
7 1,11,526 2,006 1,585 3,591
8 1,09,492 2,034 1,557 3,591
9 1,07,430 2,062 1,529 3,591
10 1,05,339 2,091 1,500 3,591
11 1,03,219 2,120 1,471 3,591
12 1,01,069 2,150 1,441 3,591
13 98,889 2,180 1,411 3,591
14 96,679 2,210 1,381 3,591
15 94,438 2,241 1,350 3,591
16 92,166 2,272 1,319 3,591
17 89,862 2,304 1,287 3,591
18 87,526 2,336 1,255 3,591
19 85,157 2,369 1,222 3,591
20 82,755 2,402 1,189 3,591
21 80,320 2,435 1,156 3,591
22 77,851 2,469 1,122 3,591
23 75,347 2,504 1,087 3,591
24 72,808 2,539 1,052 3,591
25 70,234 2,574 1,017 3,591
26 67,624 2,610 981 3,591
27 64,977 2,647 944 3,591
28 62,293 2,684 907 3,591
29 59,572 2,721 870 3,591
30 56,813 2,759 832 3,591
31 54,016 2,797 794 3,591
32 51,179 2,837 754 3,591
33 48,303 2,876 715 3,591
34 45,387 2,916 675 3,591
35 42,430 2,957 634 3,591
36 39,432 2,998 593 3,591
37 36,392 3,040 551 3,591
38 33,309 3,083 508 3,591
39 30,183 3,126 465 3,591
40 27,014 3,169 422 3,591
41 23,801 3,213 378 3,591
42 20,543 3,258 333 3,591
43 17,239 3,304 287 3,591
44 13,889 3,350 241 3,591
45 10,492 3,397 194 3,591
46 7,048 3,444 147 3,591
47 3,556 3,492 99 3,591
48 0 3,556 50 3,606

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