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5 views

Kfs Document

Uploaded by

rajeshbabupalametta46
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Key Fact Statement

Name of the Regulated entity: Branch Applicant Name: PALURI


Date: 12/08/2024 International Financial Services Private
MADHUSUDHANA RAO
Limited

Sr.
Parameter Details
No.
Loan amount (amount disbursed/to be disbursed to the borrower) (in
(i) 1000.0
Rupees)
(ii) Total interest charge during the entire tenor of the loan (in Rupees) 30.0
(iii) Other up-front charges, if any (break-up of each component to be given 94.0
below) (in Rupees)
(a) Processing fees, if any (in Rupees) 79.0
(b) Insurance charges, if any (in Rupees) -
(c) Others (if any) (in Rupees) GST: 15.0
(iv) Net disbursed amount (in Rupees) 906.0
(v) Total amount to be paid by the borrower (sum of (i), (ii) and (iii)) (in 1124.0
Rupees)
Annual Percentage Rate - Effective annualized interest rate (in percentage)
(vi) (computed on net disbursed amount using IRR approach and reducing 164.24%
balance method)
(vii) Tenor of the Loan (in months/days) 31 days
(viii) Repayment frequency by the borrower Monthly
(ix) Number of instalments of repayment 1
(x) Amount of each instalment of repayment (in Rupees) 1030.0
Details about Contingent Charges

3% on the outstanding overdue


(xi) Rate of penal charges in case of delayed payments amount with an additional 1% per day
(restricted to maximum 10%)
Refer to 'Foreclosure charges' table
(xii) Foreclosure charges below. The calculations will be on a
reducing balance method.
(xiii) Prepayment charges Up to 7.5% of principal prepaid + GST
Other disclosures

During the cooling-off/look-up period, borrowers will not incur any


(xiv) penalties for prepaying the loan. However, processing fees and GST will 1 day
not be refunded in case of prepayment during this period. Refer to FAQ for
more details.
1. Striker - SFS ALLIANZ PVT. Ltd
2. Pacesetters - Pace Setters Business
Solutions Private Limited
3. DPD Zero - VIPATRA TECHNOLOGIES
PRIVATE LIMITED
Details of LSP acting as recovery agent and authorized to approach the 4. Creditmate - Fincollect Services
(xv)
borrower Private Limited
5. Credgenics - ANALOG LEGALHUB
TECHNOLOGY SOLUTIONS PRIVATE
LIMITED
6. Spocto - Spocto Solutions Private
Limited

Name: Vishal Kaushik


Designation: Operations Manager
Name, designation, address and phone number of nodal grievance Address: 01, AWFIS, Space Solutions,
4th Floor, VIOS Towers, Off Eastern
(xvi) redressal officer designated specifically to deal with FinTech/ digital
lending related complaints/ issues Express Highway, Sewri-Chembur
Road, Mumbai, Maharashtra 400037
Email: [email protected]
Phone number: +91 8655937427
Detailed Repayment Schedule

Outstanding Instalment (in


Instalment No. Principal (in Rupees) Interest (in Rupees)
Principal (in Rupees) Rupees)
1 1000.0 1000.0 30.0 1030.0

Foreclosure charges

Tenure Charges
Less than or equal to 1 month Up to 4% of outstanding principal + GST
2 months Up to 5% of outstanding principal + GST (foreclosure only allowed after 1 month)
3 months Up to 6% of outstanding principal + GST (foreclosure only allowed after 1 month)
4-5 months Up to 6% of outstanding principal + GST (foreclosure only allowed after 2 months)
6-8 months Up to 7% of outstanding principal + GST (foreclosure only allowed after 3 months)
More than or equal to 9 months Up to 7.5% of outstanding principal + GST (foreclosure only allowed after 6 months)

Digitally accepted by PALURI MADHUSUDHANA RAO. Terms Accepted at: 12/08/2024 17:19:56.

Device ID: 43934f41fd11078b. IP Address: 106.222.231.132

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