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Kfs Document

The document outlines a loan agreement for Warkad Kiran from Branch International Financial Services Private Limited, detailing a loan amount of 6000 Rupees with a total interest charge of 600 Rupees and additional charges of 707 Rupees. The loan has a tenor of 90 days, with monthly repayments of 2200 Rupees over three installments. It also includes information on penalties for delayed payments and the grievance redressal officer's contact details.

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kiranwarkad05
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40 views2 pages

Kfs Document

The document outlines a loan agreement for Warkad Kiran from Branch International Financial Services Private Limited, detailing a loan amount of 6000 Rupees with a total interest charge of 600 Rupees and additional charges of 707 Rupees. The loan has a tenor of 90 days, with monthly repayments of 2200 Rupees over three installments. It also includes information on penalties for delayed payments and the grievance redressal officer's contact details.

Uploaded by

kiranwarkad05
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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Ke y Fact State me nt

Name of th e Re gu late d e n tity:


Applican t Name : Warkad Kiran
D ate : 01/04/2024 Branch International Financial Sandip
Services Private Limited

Sr.
Paramate r D e tails
No.

(i) Loan amount (amount disbursed/to be disbursed to the borrower) 6000.0


(in Rupees)
(ii) Total interest charge during the entire tenor of the loan (in Rupees) 600.0

(iii) Other up-front charges, if any (break-up of each component to be 707.0


given below) (in Rupees)
(a) Processing fees, if any (in Rupees) 599.0
(b) Insurance charges, if any (in Rupees) -
(c) Others (if any) (in Rupees) GST: 108.0
(iv) Net disbursed amount (in Rupees) 5293.0
(v) Total amount to be paid by the borrower (sum of (i), (ii) and (iii)) (in 7307.0
Rupees)
Annual Percentage Rate - Effective annualized interest rate (in
(vi) percentage) (computed on net disbursed amount using IRR 142.82%
approach and reducing balance method)
(vii) Tenor of the Loan (in months/days) 90 days
(viii) Repayment frequency by the borrower Monthly
(ix) Number of instalments of repayment 3
(x) Amount of each instalment of repayment (in Rupees) 2200.0
D e tails abou t Con tin ge n t Ch arge s

(xi) Rate of penal charges in case of delayed payments 3% on the outstanding overdue
amount
O th e r disclosu re s

(xii) Cooling off/look-up period during which borrower shall not be 3 days
charged any penalty on prepayment of loan

1. Striker - SFS ALLIANZ PVT. Ltd


2. Pacesetters - Pace Setters
Business Solutions Private Limited
3. DPD Zero - VIPATRA
TECHNOLOGIES PRIVATE
LIMITED
(xiii) Details of LSP acting as recovery agent and authorized to approach 4. Creditmate - Fincollect Services
the 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 Address: 01, AWFIS, Space Solutions, 4th Floor,
grievance redressal officer designated specifically to VIOS Towers, Off Eastern Express Highway,
(xiv)
deal with FinTech/ digital lending related complaints/ Sewri-Chembur Road, Mumbai, Maharashtra
issues 400037
Email: gro@branch.co
Phone number: +91 8655937427

D e taile d Re payme n t Sch e du le

O u tstan din g
Prin cipal ( in In te re st ( in In stalme n t ( in
In stalme n t No. Prin cipal ( in
Ru pe e s) Ru pe e s) Ru pe e s)
Ru pe e s)

1 6000.0 2000.0 200.0 2200.0


2 4000.0 2000.0 200.0 2200.0
3 2000.0 2000.0 200.0 2200.0

Digitally accepted by Warkad Kiran Sandip. Terms Accepted at: 01/04/2024 00:13:31.

Device ID: 570be00f312a4b48. IP Address: 42.104.220.154

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