Key Facts Statement
Annex A
Part 1 (Interest rate and fees/charges)
1 Loan proposal/ account No. GL34769980 Type of Loan Gold Loan
2 Sanctioned Loan amount (in Rupees) 23100.00
3 Disbursal schedule
100% upfront
Disbursement in stages or 100% upfront.
4 Loan term (year/months/days) 12 Months
5 Instalment details
Type of instalments Number of Equated Periodic Instalment (EPIs) Equated Periodic Instalment (EPI) (₹) Commencement of repayment, post sanction
Interest - Nine-Month Repayment 1 4146.61/- 273 days
Remaining Interest 1 1397.39 365 days
Principal - Bullet Repayment 1 23100.00 365 days
6 Interest rate (%) and type (fixed or floating or hybrid) 24.00 % p.a. at a fixed rate of interest
7 Additional Information in case of Floating rate of interest
Reset periodicity Impact of change in the reference benchmark
Reference Benchmark Benchmark rate (%) (B) Spread (%) (S) Final rate (%) R = (B) + (S) (Months) (for 25 bps change in ‘R’, change in:)
B S EPI (₹) No. of EPIs
NA NA NA NA NA NA NA NA
8 Fee/ Charges
Payable to IIFL Finance (A) Payable to a third party through IIFL Finance (B)
One-time / Amount (in ₹) or Percentage (%) as One-time / Amount (in ₹) or Percentage (%) as
Recurring applicable Recurring applicable
(i) Processing fees (incl. of GST) One-time 59.00 - -
(ii) Stamp Duty and other statutory One-time 0 - -
charges
(iii) Insurance charges (incl. of GST) - - One-time 0.00
9 Annual Percentage Rate (APR) (%)* 25.37%
10 Details of Contingent Charges (in ₹ or %, as applicable)
(i) Penal charges on Outstanding Dues, in case of delayed payment 0.5 % p.m. (6 % p.a.) + GST
(ii) Other penal charges, if any NA
(iii) Foreclosure charges, if applicable Minimum 7 days of interest if closed within 7 days
(iv) SMS Charges (incl. of GST) 23.60 /-
(v) Charges for switching of loans from floating to fixed rate and vice versa NA
(vi) MTM charges per instance (incl. of GST) 500/-
(vii) Auction Charges (incl. of GST)* 1500.00/- per notice
(viii) Overdue Notice Charges (incl. of GST)* # 200/- per notice
* The combined levy of overdue notice charges and Auction charges will be capped at ₹ 1500 per customer loan account
# (w.e.f 07/03/2024)(Once in 90 days)
Annex A
Part 2 (Other qualitative information)
1 Clause of Loan agreement relating to engagement of recovery agents Not Applicable (Refer Standard T&C Clause 17 for details)
2 Clause of Loan agreement which details grievance redressal mechanism Refer Standard T&C Clause 15
3 Phone number and email id of the nodal grievance redressal officer +91 22 4520 5810 / +91 22 6817 8410
nodalofficer@iifl.com
https://www.iifl.com/finance/grievance-redressal-
procedure
4 Whether the loan is, or in future maybe, subject to transfer to other REs or securitization? (Yes/ No) Yes
5 In case of lending under collaborative lending arrangements (e.g., co-lending/ outsourcing), following additional details may be furnished : **
Name of the originating RE, along with its funding proportion Name of the partner RE along with its proportion of funding Blended rate of interest
20.00 80.00 24.00 % p.a.
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 charged any penalty on NA
prepayment of loan
(ii) Details of LSP acting as recovery agent and authorized to approach the borrower NA
**
Disclaimer: Co-lending of loan would be at the discretion of the partner bank to accept/reject loans post their due diligence. However, this does not affect ROI of the loan during the tenure.
Signed via OTP : 99693207
Date and Time : 15/Oct/2024 12:53 PM
Place : Kodangal
Signature of Borrower(s)
For any help or assistance call Toll Free Number : 1860-267-3000 / 7039-050-000 or E-mail : gold-helpline@iifl.com
Please refer to our Website/Branch Notice Board for the Fair Practices code and visit our nearest branch for schemes/applicable interest rates.
15/Oct/2024 12:53 PM Page No 1 GL/FY/2025/09/001
Annex B
Illustration for computation of APR
Sr. No. Parameter Details
1 Sanctioned Loan amount (in Rupees) 23100.00
2 Loan Term (in years/ months/ days) 12 Months
a) No. of instalments for payment of principal 1
b) Type of EPI Nine-Month 4146.61/- x 1, Remaining
Amount of each EPI (in Rupees) and Interest 1397.39
nos. of EPIs (e.g., no. of EMIs in case of monthly instalments)
c) No. of instalments for payment of capitalised interest, if any Not Defined
d) Commencement of repayments, post sanction 273 Days
3 Interest rate type Fixed
4 Rate of Interest 24.00 % p.a.
5 Total Interest Amount to be charged during the entire tenor of the loan as per the rate prevailing on sanction date (in Rupees) 5544.00 /-
6 Fee/ Charges payable (in Rupees) 59.00/-
A Payable to IIFL Finance 59.00/-
B Payable to third-party routed through IIFL Finance 0.00/-
7 Net disbursed amount (in Rupees) 23041.00/-
8 Total amount to be paid by the borrower (in Rupees) 28644.00/-
9 Annual Percentage rate 25.37%
10 Schedule of disbursement as per terms and conditions -
11 Due date of payment of instalment and interest 15/07/2025
Signed via OTP : 99693207
Date and Time : 15/Oct/2024 12:53 PM
Place : Kodangal
Signature of Borrower(s)
For any help or assistance call Toll Free Number : 1860-267-3000 / 7039-050-000 or E-mail : gold-helpline@iifl.com
Please refer to our Website/Branch Notice Board for the Fair Practices code and visit our nearest branch for schemes/applicable interest rates.
15/Oct/2024 12:53 PM Page No 2 GL/FY/2025/09/001
Repayment Schedule
Instalment No. Instalment Repayment Date Outstanding Principal (in Rupees) Principal (in Rupees) Interest (in Rupees) Instalment (in Rupees)
Net Disbursement - 23041.00
1 15072025 23100.00 0 4146.61 4146.61
2 15102025 0 23100.00 1397.39 24497.39
Annual Percentage Rate* (APR) 25.37%
*
Disclaimer: Annual Percentage Rate %(APR) is illustrative as on date of disbursal and may change basis repayment behavior.
Signed via OTP : 99693207
Date and Time : 15/Oct/2024 12:53 PM
Place : Kodangal
Signature of Borrower(s)
For any help or assistance call Toll Free Number : 1860-267-3000 / 7039-050-000 or E-mail : gold-helpline@iifl.com
Please refer to our Website/Branch Notice Board for the Fair Practices code and visit our nearest branch for schemes/applicable interest rates.
15/Oct/2024 12:53 PM Page No 3 GL/FY/2025/09/001
