Business Loan - Key Fact Statement & Loan Details
Place of
1) Mumbai
Execution
Date of
2) 28/07/2023
Execution
Name of
3) Regulated Tata Capital Financial Services Limited
Entity
a) Name: SANJEEV GUPTA
b) Constitution: Self Employed - Non Professional
c) Address SO SHEO RATAN GUPTA 236 SHARDA KUNJ STREET 3 NEAR LAXMI APPARTMENT MAGISTRATE COLONY DORAND SBI ATM, Ranchi, Jharkhand, 834002, IND
a) Name:
b) Constitution:
c) Address
a) Name:
Details of b) Constitution:
the
4) Borrower/s c) Address
& Co- a) Name:
Borrower/s
b) Constitution:
c) Address
a) Name:
b) Constitution:
c) Address
a) Name
b) Constitution
c) Address
5) Purpose Business Working Use
a. Amount
of the Initial Rs. 510207 /-
Facility/
Loan (Rupees FIVE LAKH TEN THOUSAND TWO HUNDRED SEVEN only)
Amount
6)
b. Amount Rs. /-
of
Additional (Rupees only)
Facility
Processing 2.65
7) % of the Loan Amount/ Facility amount Rs. 13545
Fees
a) Insurance & Third-Party Product Charges Rs. 10207
b) Stamp Duty Rs. 100.00
c) Documentation Charges 2359.00
Other Broken Period Interest
8)
Deductions d) (Broken Period Interest amount and 1st EMI date depend on the date of disbursal and the final figures Rs. 0.0
would be mentioned in the Welcome Letter)
e) Other Charges (if any) Rs. NA
f) Total Deductions (a + b + c + d+ e) Rs. 12666
Net
9) Disbursed (6) less (7 + 8.f) Rs. 483996.0
Amount
Type of
10) Facility Term Loan Facility: or Revolving Facility: Tenure (in Months): 48
opted
If Revolving Facility, then
a) Maximum Credit Limit Rs. /-
(Rupees )
Dropline Facility
b)
Flexi Facility (Combination of Fixedline + Dropline) of which Fixedline tenure of months.
c) Frequency at which the Maximum Credit Limit shall be reduced: Monthly
Amount by which Maximum Credit Line shall be reduced on the frequency specified in (c) Maximum Credit Limit
d)
above: Remaining Tenure
a) First EMI due on 05/09/2023
b) Last EMI Date 05/08/2027
c) Instalment Due Date
Repayment
11) d) No. of Instalments of Repayment 48
Schedule
Monthly Instalment payable (including insurance in case of insurance provision) under term Rs. 15799.0
e)
loan facility per month
f) Repayment frequency by the Borrower Monthly
Moratorium
12) period (if
any)
a) Interest Type: Fixed
Interest 21.0
13) b) Rate of Interest: % p.a.
Payable
c) Total interest charge during the entire tenor of the loan 248139
For default in payment of interest and/ or principal amounts – 3% per month on overdue amount (Annualized
a)
penal charge of 36%)
Additional
14)
Interest
For delay or non-submission of the financial statements or such other documents as required under the Facility
b)
Documents - 3% per month (Annualized penal charge of 36%)
Foreclosure charges on Term Loan Facility:
a) 4.5% on the principal outstanding at the time of foreclosure.
In case the Borrower forecloses the Facility within 12 months after doing part-prepayment, foreclosure charges of 4.5%
b)
will be levied on the principal outstanding plus part prepayment amount.
Any prepayment/foreclosure made during the Lock-in period will attract additional 2% over and above the prepayment/
c)
foreclosure charges mentioned in (a) above on the principal outstanding at the time of foreclosure.
Foreclosure charges on Top-up:
Foreclosure
15) a) 2.50% on the principal outstanding at the time of foreclosure.
Charges
b) Foreclosure charges shall be levied only if new rate is lower than existing rate.
Any prepayment/ foreclosure made during the Lock-in Period will attract prepayment/ foreclosure charges of 4.5% on the
c)
principal outstanding.
Foreclosure Charges in Dropline Facility:
a) 4.5% on the Dropped down limit amount.
Any prepayment/ foreclosure made during the Lock-in Period will attract additional 2% over and above the prepayment/
b)
foreclosure charges mentioned in (a) above on the Dropped down limit
a) Payment Instruments swapping Rs. 550/- per instance
Rs. 2000/- for every Cheque/ Payment
b) Dishonour Charges
Instrument Dishonour
16) Charges Rs. 450/-
(Charges will be levied if new mandate
c) Mandate Rejection Service Charges form is not registered within 30 days
from the date of rejection of previous
mandate form by Borrower’s bank for
any reasons whatsoever.)
First Year: 0.75% or Rs. 1000,
(whichever is higher) per year will be
deducted from the limit and shall be
payable at the end of the 13th month.
d) Annual Maintenance Charges for BL Overdraft (Dropline facility)
Subsequent Year: 0.50% or Rs. 1000,
(whichever is higher) per year will be
deducted from the limit and shall be
payable at the end of the 13th month.
2% of the Loan Amount/ Facility amount
OR
e) Cancellation charges Rs. 5750/-
Whichever is higher
f) Duplicate Repayment Schedule Rs. 550/-
g) Duplicate NOC Rs. 550/-
Customer portal – Nil
h) Statement of Account (SOA)
Branch walk in – Rs. 250/-
Customer portal – Nil
i) Foreclosure Letter Charge
Branch walk in – Rs 199/-
j) Post Dated Cheque Charges Rs. 850/- + GST
Legal Charges
a) SEC 138 & Sec 25 filing Rs. 3400/-
b) Arbitration Filing Rs. 4000/-
District Court: Rs. 4000/- and High
c) Receiver Order
court: Rs. 13,500/-
d) Notice Rs. 125/-
e) Legal Notice Rs. 300/-
f) Charge for Notice & another legal notice Rs. 3000/-
g) Execution of award Rs. 5600/-
a) Life Insurance Premium 10207
b) General Insurance Premium
Insurance &
Third-Party c) Health Insurance Premium
17)
Product d) IHO Plan Amount 0
Charges
e) One Assist Plan Amount 0
f) CPP Plan Amount 0
a) Total Amount to be paid by the borrower (6 + 13.c) Rs. 758346.0
Other
Annual Percentage Rate % - Effective annualized interest rate (in percentage) (computed on
18) Important
b) net disbursed amount using IRR approach and reducing balance method) % p.a.
Details 58.32
Note: APR may change in case there is change in the Scheme opted.
Cooling off/ look-up period during which borrower shall not be charged any penalty on 5 days from the date of
a)
prepayment of loan loan disbursal
b) Details of LSP acting as recovery agent and authorized to approach the borrower Not Applicable
c) Details of Nodal Grievance Redressal Officer:
i) Name Francyna Dias
Other ii) Designation Grievance Redressal Officer
Disclosures
11th Floor, Tower A, Peninsula
iii) Address Business Park, Ganpatrao Kadam
19) Marg, Lower Parel, Mumbai - 400013
iv) Phone No. 18602676060
If you are not satisfied with the resolution, please visit the link: https://www.tatacapital.com/contact-
us/customer-grievances.html and submit your grievances
Note: (GST, other government taxes and levies as applicable, will be levied on all fees and charges in this document)
Place of
Arbitration
20) Delhi Chennai Mumbai Kolkata Bangalore
(Tick,
whichever is
applicable)
Jurisdiction
21) (Tick, Delhi Chennai Mumbai Kolkata Bangalore
whichever is
applicable)
Relevant
Sr.
Conditions Provisions Timelines
No. in T&Cs
Clause
a) End use certificate shall be provided by the Obligors to the Lender Within 30 days
2(C)(i)
Clause
5.14 and/or
b) Fresh Payment Instruments shall be delivered by the Obligors to the Lender Within 7 days
Clause
5.18
Within 45 days from the
end of the relevant
TDS certificate in the Form No. 16A of the IT Act downloaded from the TDS quarter in which tax is
Clause
c) Reconciliation Analysis and Correction Enabling System (“TRACES”) website deducted and within 75
5.25.5
shall be provided by the Obligors to the Lender days from the end of the
last quarter of the
financial year
22) Timelines
An amount equivalent to the TDS amount paid by the Obligors shall be
refunded to the Borrower by the Lender upon receipt of the TDS certificate and Clause
d) Within 90 days
subject to compliance with the conditions stipulated in the relevant provision of 5.25.5
the T&Cs.
after the 30 days of the
Clause
e) TDS refund claim will not be entertained by the Lender. succeeding financial
5.25.5 year
not later than 60 days of
Credit of the TDS amount may be requested by the Obligors by furnishing of Clause
f) the succeeding financial
the TDS certificate. 5.25.9
year
Joint and several liability of the Obligors to indemnify and keep the Indemnified within 15 days from the
g) Clause 11
Person(s) indemnified and harmless. date of demand
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