Key Facts Statement

Date: 02/12/2024
Lender Name: Northern Arc Capital Limited
Applicant Name: PRASHANK SAXENA
Valid till date: 2024-12-05

Part 1 (Interest rate and fees/charges)

1 Loan proposal/ account No. SC33HNQ17OE8A0EFT

2 Type of Loan PERSONAL LOAN

3 Sanctioned Loan amount (in Rupees) 18000

Disbursal schedule
(i) Disbursement in stages or 100%
4 upfront. 100% upfront
(ii) If it is stage wise, mention the clause
of loan agreement having relevant details.

5 Loan term 4 Months

6 Instalment details

Commencement of repayment, post

Type of instalments Number of EPIs EPI (Rs)
sanction

01/01/2025(Calculated as 30 days
Monthly 4 4784 after disbursal date 02/12/2024 which
is subject to change)

29.88 % per annum on reducing

7 Interest rate (%) and type (fixed or floating or hybrid) balance.
Fixed

8 Additional Information in case of Floating rate of interest

Referen
Benchm Final rate Impact of change in the
ce Spread Reset periodicity2
ark rate (%) R = reference benchmark (for 25
Bench (%) (S) (Months)
(%) (B) (B) + (S) bps change in ‘R’)
mark
 B S EPI (Rs) No. Of EPIs

NA NA NA NA NA NA NA NA

9 Fee/Charges

Payable to the RE (A) Payable to a third party through RE (B)

One- Amount (in Rs) or Amount (in Rs) or

One-
time/Recurri Percentage (%) as Percentage (%) as
time/Recurring
ng applicable applicable

1699 (including
(i) Processing fees One time NA NA
GST)

(ii) Insurance charges NA NA NA 0.0

(iii
Valuation fees NA NA NA NA
)

(iv Any other (please

NA NA NA NA
) specify)

10 Annual Percentage Rate (APR) (%) 72.51

11 Details of Contingent Charges (in INR or %, as applicable)

Penal
Min Principal Max Principal
Charges
Overdue (INR) Overdue (INR)
(INR)
Up to 2000 200
2001 5000 250
Penal charges, if any, in case of 5001 7500 300
(i)
delayed payment 7501 10000 350
10001 20000 400
20001 and greater 450

*This is inclusive of GST at applicable rate.

Applicable in case of delayed payment > 4 days

(ii) Other penal charges, if any NA

(iii
Foreclosure charges, if applicable NA
)

(iv Charges for switching of loans from

NA
) floating to fixed rate and vice versa

(v) Any other charges (please specify) Bounce charges as per bank if applicable.

Part 2 (Other qualitative information)

Clause of Loan agreement

1 relating to the engagement As per clause No. 3.9 of Terms and Conditions of Loan Agreement
 of recovery agents

Clause of Loan agreement

2 which details grievance Clause No. 16 of Loan Application of Terms and Conditions.
redressal mechanism

For Northern Arc Capital Limited

Desig
natio Grievance Redressal Officer
n
Nam
Mr. Madhan Mohan K
e
Cont
1800 419 8766 (The contact number is allocated exclusively
act
to the Grievance Redressal Officer)
No.
Email
[email protected]
ID
Addr IndiQube Golf View Homes, 6th Floor, Tower B, 3rd Cross
ess Road, S R Layout, Murgesh Pallya, Bengaluru – 560017

Desig
natio Nodal Officer Name
n
Nam
Ms. Deepa Nair
e
Cont
Phone number and email id 1800 258 7010(The contact number is allocated exclusively
act
3 of the nodal grievance to the Nodal Officer)
No.
redressal officer
Email
[email protected]
ID
IndiQube Golf View Homes, 6th Floor, Tower B, 3rd Cross
Road, S R Layout, Murgesh Pallya, Bengaluru. 560017
Addr (Grievance redressal mechanism of the lender, Northern Arc
ess Capital Limited can be accessed at
https://www.northernarc.com/grievanceredressal-
mechanism)

For Olyv:

Desig
Grievance Redressal Officer
nation
Name Mr. Madan HM
Conta (+91) 9986640581 (The contact number is allocated
ct No. exclusively to the Grievance Redressal Officer)
Email
[email protected]
ID
Addre Indiqube Gamma, no 293/154/172, 3rd Floor, Outer Ring
ss Road, Kadubeesanahalli, Bangalore KA 560103

Whether the loan is, or in future maybe, subject to transfer to

4 YES
other REs or securitisation (Yes/No)

In case of lending under collaborative lending arrangements (e.g., co-lending/ outsourcing),

5
following additional details may be furnished:

Name of the originating RE, along with its funding Name of the partner Blended rate of
proportion RE along with its interest
 proportion of funding

NA NA NA

6 In case of digital loans, following specific disclosures may be furnished:

(i) Cooling off/look-up period, in terms of RE’s board

approved policy, during which borrower shall not be 3 days
charged any penalty on prepayment of loan

Smartcoin Financials Pvt. Ltd.

Address: IndiQube Gamma, No.293/154/172,
(ii) Details of LSP acting as recovery agent and 2nd Floor, Outer Ring Road, Kadubeesanahalli,
authorized to approach the borrower Bengaluru, Karnataka - 560103
Agency List: https://smartcoin.co.in/list-of-
agency-names/

Recovery Mechanism:

In the event of any delay or default in payment of any amount due and payable by the obligor(s) in
relation to the loan, the obligor(s) may be reminded or given notice of demand to pay the overdue
amounts by making telephone call(s), sending written communications by letters and/or electronic
communications or by making personal visits. Personal visits may be to the workplace and/or
residence/ identified place of stay or work of the obligors as per their preference and in case such
preference is not communicated/ascertained, obligors will be contacted only at their residence/
identified place of stay and if unavailable at residence, at the place of business/occupation/
identified place of work. Such personal visits shall ideally be between 8.00 am and 7.00 pm. In
case of personal visits, identity and authority of persons making such visit for follow up and
recovery would be made known to the obligors at the first instance. Lender may utilise the services
of the LSP, and the Lender and/or the LSP may utilise the services of collection agents for
collection of amounts in relation to the loan. The LSP and the collection agents will be required to
follow a code of conduct covering their dealings with the obligors. All the practices adopted for
follow up and recovery of dues and enforcement of security will be inconsonance with the law. In
addition to the foregoing, the loan may be recalled, and recovery proceedings may be initiated in
accordance with the terms and conditions governing the loan.

Annex B
Illustration for computation of APR for Retail and MSME loans

Sr.
No Parameter Details
.
Sanctioned Loan amount (in Rupees) (Sl no. 2 of the KFS
1 Rs 18000
template – Part 1)
Loan Term (in years/ months/ days) (Sl No.4 of the KFS
2 4 months
template – Part 1)
No. of instalments for payment of principal, in case of non-
a) NA
equated periodic loans
b) Type of EPI Monthly
 Amount of each EPI (in Rupees) and
Rs 4784
nos. of EPIs
4
(Sl No. 5 of the KFS template – Part 1)
c) No. of instalments for payment of capitalised interest, if any NA
01/01/2025(Calculated as 30 days after
Commencement of repayments, post sanction (Sl No. 5 of
d) disbursal date 02/12/2024 which is subject to
the KFS template – Part 1)
change)
Interest rate type (fixed or floating or hybrid) (Sl No. 6 of the
3 Fixed
KFS template – Part 1)
29.88 % (per annum on reducing balance
4 Rate of Interest (Sl No. 6 of the KFS template – Part 1)
basis)
Total Interest Amount to be charged during the entire tenor
5 of the loan as per the rate prevailing on sanction date (in INR 1136
Rupees)
6 Fee/ Charges payable (in Rupees) Rs 1699.0
A Payable to the RE (Sl No.8A of the KFS template-Part 1) Rs 1699.0
Payable to third-party routed through RE (Sl No.8B of the
B 0.0
KFS template – Part 1)
7 Net disbursed amount (1-6) (in Rupees) 16301
Total amount to be paid by the borrower (sum of 1 and 5)
8 19136
(in Rupees)
Annual Percentage rate-Effective annualized interest rate
9 72.51
(in percentage)
10 Schedule of disbursement as per terms and conditions 100% in one tranche
01/01/2025(Calculated as 30 days after
11 Due date of payment of instalment and interest disbursal date 02/12/2024 which is subject to
change)

Illustrative Repayment Schedule under Equated Periodic Instalment for the loan illustrated
in Annex B
Annex C
Installment Outstanding Principal (In Principal (In Interest (In Instalment (In
No. Rupees) Rupees) Rupees) Rupees)
0th 18000 0 0 0
1st 13665 4335 449 4784
2nd 9222 4443 341 4784
3rd 4668 4554 230 4784
4th 0 4668 116 4784

Please note that this Key Fact Statement and the repayment schedule is for the purpose of
illustrative computation only as it is issued before the formation of the loan contract.
Depending upon the actual amount and date of disbursement after the formation of the
loan contract, there will be corresponding changes in the details of the parameters listed in
the Key Fact Statement and also the repayment schedule (including pre-EMI details, if
applicable) that will be issued post loan disbursement.
I/We, the Borrower and/or Co-Borrower above named hereby confirm and declare that the
contents of this Agreement, its enclosures and other loan documents have been read over. I/We,
have understood all the terms and conditions of this agreement, its enclosures and other loan
documents mentioned in English, confirm and declare the same. I/We have received a copy of this
Agreement, its enclosures and other loan documents.

Acceptance as per IT ACT 2000

Digitally signed By
PRASHANK SAXENA
IP: 152.58.222.98
2024-12-02 01:49:21
 Welcome Letter
02/12/2024
Prashank saxena
Flat no. A/05/01 Vasundhara kutumb, Khasara
No 78/111, Near chokhi dhani, Beelwa Kalan,
Jaipur, Rajasthan, 302022
8989160660

Dear Prashank saxena,

Ref: Your application form No. SC33HNQ17OE8A0EFT dated 02/12/2024 together with its
annexure for sanction of loan ("Loan Application").
Sub: Sanction and disbursement of Loan.

We refer to the Loan Application cited above and we are glad to inform you that the loan applied
for vide the said Loan Application has been sanctioned and the Loan stands disbursed to the
Disbursement Account.
Please find below the details of the summary of the most important terms and conditions
governing your loan.

LOAN DETAILS
End use PERSONAL LOAN
Loan
identification SC33HNQ17OE8A0EFT
No.
Loan Amount Term loan of an amount of INR 18000/- (Indian Rupees eighteen thousand only)
29.88 % p.a
It is being clarified and informed to the Borrower(s) that in the event payment
of the Instalment is not received by the Lenders on the respective Due Date,
Interest Rate
the Interest shall continue to accrue on the principal overdue amount under
the respective Instalment for the period beginning from date of overdue till
the payment is actually made in full to the Lenders.
Method of
Interest Declining rate of interest
Application
Date of
2024-12-02T13:48:10
Sanction
Tenor (in
4
months)
Number of
monthly 4
instalments
OTHER CHARGES (Inclusive of GST)
Late Min Principal Overdue Max Principal Overdue Penal Charges
Payment (INR) (INR) (INR)
charges in
Up to 2000 200
case of
delayed 2001 5000 250
payment > 4 5001 7500 300
 7501 10000 350
10001 20000 400
days 20001 and greater 450

*This is inclusive of GST at applicable rate.

Applicable in case of delayed payment > 4 days
Processing
INR 1699
Charges
Collection
NA
Charges
Swap
NA
Charges
Prepayment
INR 1136 - Interest accrued till repayment date
Premium
Platform
INR 0
Charges
Bounce
Charges
(over and
above the NA
charges
levied by the
bank)
Cancellation
NA
Charges
Principal Interest
EMI No Deadline Total Amount
Amount Amount
Repayment 1 02/01/2025 4784 4335 449
Details [1] 2 02/02/2025 4784 4443 341
3 02/03/2025 4784 4554 230
4 02/04/2025 4784 4668 116

*[1] Repayment schedules are created by assuming today as loan disbursal day and these may
vary with change in disbursal date
e.g. If disbursal date is delayed by two days accordingly repayment schedules will also be delayed
by two days
The first and/or last instalment amount could be a figure that may be different from other
instalment amounts.
SMARTCOIN FINANCIALS PRIVATE LIMITED, a company incorporated under the Companies
Act, 2013 bearing CIN U67110KA2015PTC084272 and having its registered office at Indiqube
Gamma, no 293/154/172, 3rd Floor, Outer Ring Road, Kadubeesanahalli, Marathahalli,
Bangalore- 560103, Karnataka, India, hereinafter referred to as the "Facility Agent"
We request you to return to us the duly signed duplicate copy of this Facility Letter in token of your
acknowledgement of the same. The term 'Collection Account' shall have the meaning given to it in
the Loan Application. As instructed by you in the Loan Application, the Lender has deducted the
applicable Platform Charges from the Loan Amount and remitted such amount to the Facility
Agent at the time of disbursement.

Regards,
Northern Arc Capital Limited
 GRIEVANCE REDRESSAL MECHANISM

In case of any grievances against Northern Arc Capital Limited (the “Company”), or any person
acting on its behalf, you may reach out to our representatives below at any time between 10.00
am and 6.00 pm Monday to Friday except public holidays.

1. Grievance Redressal Officer

Customers are requested to address all their grievances at the first instance to the Grievance
Redressal Officer. The contact details of the Grievance Redressal Officer are as provided
below.

Mr. Madhan Mohan K

Address: IndiQube Golf View Homes, 6th Floor, Tower B, 3rd Cross Road, S R Layout,
Murgesh Pallya, Bengaluru-560017
Toll free number: 1800 4198 766
Email ID: [email protected]

The Grievance Redressal Officer may be reached on the toll-free number provided above
anytime between 10:00 am and 6:00 pm on weekdays except public holidays or through the e-
mail address above. The Grievance Redressal Officer shall endeavour to resolve the grievance
within a period of fifteen days from the date of receipt of a grievance.

2. Nodal Officer

If the customer does not receive a response from the Grievance Redressal Officer within 15
days of making a representation, or if the customer is not satisfied with the response received
from the Grievance Redressal Officer, the customer may reach the Nodal Officer on the toll-free
number below anytime between 10:00am and 6:00 pm on weekdays except public holidays or
write to the Nodal Officer at the e-mail address below. The contact details of our Nodal Officer
are provided below.

Ms. Deepa Nair

Address: IndiQube Golf View Homes, 6th Floor, Tower B, 3rd Cross Road, S R Layout,
Murgesh Pallya, Bengaluru-560017
Toll free number: 1800 258 7010
Email ID: [email protected]

Complaints to Ombudsman
In case the customer does not receive a response from the Grievance Redressal Officer or the
Nodal Officer within one month from the date of making a representation to the Company, or if
the customer is not satisfied with the response so received, a complaint may be made in
accordance with the ‘The Reserve Bank – Integrated Ombudsman Scheme, 2021’
(“Ombudsman Scheme”) to the Ombudsman in whose jurisdiction the office of the Company
complained against, is located. For contact details of the Ombudsman and for salient features
of the Ombudsman Scheme, please refer to Annexure - A of the Fair Practices Code adopted
by the Company and available on our website https://www.northernarc.com/. A copy of the
Ombudsman Scheme is available on the website of the Reserve Bank of India at www.rbi.org.in
and also with our Nodal Officer.

I/We, the Borrower and/or Co-Borrower above named hereby confirm and declare that the
contents of this Agreement, its enclosures and other loan documents have been read over. I/We,
have understood all the terms and conditions of this agreement, its enclosures and other loan
documents mentioned in English, confirm and declare the same. I/We have received a copy of this
Agreement, its enclosures and other loan documents.

Acceptance as per IT ACT 2000

Digitally signed By
Prashank saxena
IP: 152.58.222.98
2024-12-02 02:05:34
I hereby confirm having read and understood the Standard Terms and Conditions
applicable to this Loan and

I am signing this Application Form after understanding and acceptance of each term.

Date: 2024-12-02T14:05:34

IMEI No: null