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Kfs Document

This document provides key details of a loan taken by Shaik Subhani from Branch International Financial Services Private Limited dated 23/01/2024. The loan amount disbursed was Rs. 6000 with total interest of Rs. 600 to be paid, and other upfront charges of Rs. 707 including processing fees of Rs. 599. The borrower will repay the loan in 3 monthly installments of Rs. 2200 over 90 days at an annual percentage rate of 142.82%. Contact information is provided for the grievance redressal officer in case of any issues with the loan.
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0% found this document useful (0 votes)
453 views2 pages

Kfs Document

This document provides key details of a loan taken by Shaik Subhani from Branch International Financial Services Private Limited dated 23/01/2024. The loan amount disbursed was Rs. 6000 with total interest of Rs. 600 to be paid, and other upfront charges of Rs. 707 including processing fees of Rs. 599. The borrower will repay the loan in 3 monthly installments of Rs. 2200 over 90 days at an annual percentage rate of 142.82%. Contact information is provided for the grievance redressal officer in case of any issues with the loan.
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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Digitally Signed by Branch International Financial Services Pvt Ltd

Date: 2024-02-13 21:17:03 +0530

Ke y Fact State me nt

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


D ate : 23/01/2024 Branch International Financial Applican t Name : Shaik Subhani
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) and (ii)) (in 6600.0
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

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