Key Facts Statement
Part 1 (Interest rate and fees/charges)
Date of KFS DD/MM/YYYY This Key Fact Statement is valid for 3 days from the date of KFS.
1 Loan proposal/ account No. Type of Loan
2 Sanctioned Loan amount (in Rupees)
Disbursal schedule
(i) Disbursement in stages or 100% upfront.
3
(ii) If it is stage wise, mention the clause of loan agreement having
relevant details
4 Loan term (year/months/days)
5 Instalment details
Type of installment Number of EPIs EPI (₹) Commencement of repayment, post sanction
6 Interest rate (%) and type (fixed or floating or hybrid)
7 Additional Information in case of Floating rate of interest
Reset periodicity2 Impact of change in the reference benchmark
Reference Final rate (%)
Benchmark rate (%) (B) Spread (%) (S) (Months) (for 25 bps change in ‘R’, change in:3)
Benchmark R = (B) + (S)
B S EPI (₹) No. of EPIs
8 Fee/ Charges (Applicable for Fixed, Floating and Hybrid Rate of interest)
Payable to the RE (A) Payable to a third party through RE (B)
One-time/ Amount (in ₹) or Percentage (%)
One-time/ Recurring Amount (in ₹) or Percentage (%) as applicable
Recurring as applicable
1 Processing fees One-time NA NA
2 Insurance charges NA NA One-time
3 Stamp Duty & other Statutory Charges One-time NA NA
4 CIBIL Charges One-time NA NA
5 NeSL Charges NA NA One-time
9 Annual Percentage Rate (APR) (%)
10 Details of Contingent Charges (in ₹ or %, as applicable)
1 Repayment Mode Swap Charges Rs. 750/- per transaction
Rs. 1000/- (In the event of cancellation, in addition to cancellation charges, Interest would be charged for the interim period
2 Loan cancellation/Re-booking Charges between date of disbursement & date of loan cancellation).
Cancellation is allowed within 15 days from the date of disbursement of loan.
Rs. 750/- per request (Physical mode or via Branch)
3 Repayment/Amortisation Schedule Charges
NIL - on registered e-mail id
4 Duplicate No Due Certificate/ No Objection Certificate Rs. 250/- per certificate
5 Statement of Account/Loan Account Statement Charges Rs. 750/- per statement
6 CIBIL Charges Rs. 50/- per instance
7 Legal/Incidental/Collection Charges At actuals
8 Part Pre-payment Charges Part Prepayment not allowed
9 Date on which annual outstanding balance statement will be issued On Demand
On Foreclosure
Prepayment/Foreclosure of Loan is not allowed prior to payment of 06 EMI’s.
Charges applicable after 06 months are as under
10 Foreclosure Charges 07-24 Months - 4% of Principal Outstanding
25-36 Months - 3% of Principal Outstanding
37-48 Months - 2% of Principal Outstanding
> 48 Months – Nil
Penalty for Delayed Payments/Non-Compliance of Material Terms & Conditions
11 Interest on Overdue Amount At *contractual Rate for overdue amount/period after 30 days grace period.
12 Cheque Bounce/Return Charges Rs. 750/- per presentation
Note:
• GST and other government charges, taxes, levies, etc. applicable as per prevailing rate will be charged over and above these charges.
• Processing/Login Fee (wherever applicable) is non-refundable if loan is not sanctioned/disbursed.
• *A contractual interest rate means the rate at which the Bank will compute and apply Interest on the Loan as mentioned in the agreement and schedule cum Key Fact Statement (KFS).
• The applicable External Benchmark for the Bank will be detailed in the facility Sanction letter & the relevant schedule of the loan agreement. In the event of any change in the applicable external benchmark, the
borrower shall be notified via email/ letter/SMS of the revised interest rate within 30 days of the revised interest rate becoming applicable.
• **NIL Foreclosure charges for MSE loans upto Rs. 50 lakhs on fixed interest rate subject to submission of Udyam Registration Certificate
• BL SOC is applicable for PFL
Part 2 (Other qualitative information)
1 Clause of Loan agreement relating to engagement of recovery agents Refer Clause 10 of the loan agreement
2 Clause of Loan agreement which details grievance redressal mechanism Refer Clause 11 of the loan agreement
Mr. Vikas Bindal
Principal Nodal Officer
YES Bank Limited
3 Phone number and email id of the nodal grievance redressal officer
YES Bank House, Off Western Express Highway, Santacruz East, Mumbai 400055
Email: principal.nodalofficer@yesbank.in
Phone No: 022-50795174
Whether the loan is, or in future maybe, subject to transfer to other REs or
4 YES
securitisation (Yes/ No)
5 In case of lending under collaborative lending arrangements (e.g., co-lending/ outsourcing), following additional details may be furnished:
Name of the partner RE along with its
Name of the originating RE, along with its funding proportion Blended rate of interest
proportion of funding
NA NA NA
6 In case of digital loans, following specific disclosures may be furnished:
Cooling off/look-up period, in terms of RE’s board approved policy, during
(i) NA
which borrower shall not be charged any penalty on prepayment of loan
Details of LSP acting as recovery agent and authorized to approach the
(ii) NA
borrower
Please note:
1) Upward Revision of Charges: In the event of any upward revision of charges mentioned in this Key Fact Statement (KFS), YBL shall provide a notice period of one month to the borrower before the changes
take effect. Notification will be provided through email, SMS, letters, etc.
2) Regulatory or Statutory Charges: Any regulatory or statutory charges introduced in the future may be recovered from the borrower on an actual basis. These charges will be debited from the borrower’s
account as and when they are introduced or levied by the respective authorities.
3) Revised KFS: This KFS supersedes any/all previous KFS(s) generated with respect to the said loan.
4) The Key Fact Statement (KFS) provided is based on the date mentioned in KFS. Please note that details may change as per the date of disbursement. The final details will be included in the welcome Kit.
CUSTOMER DECLARATION/ACKNOWLEDGEMENT:
I/We declare that the contents of Key Fact Statement (KFS) have been duly explained to me/us, and I/we have read, understood and accepted them.
Name/Signature Name/Signature Name/Signature Name/Signature Name/Signature Name/Signature
Main Applicant Applicant 2 Applicant 3 Applicant 4 Applicant 5 Guarantor
Date of Signature:
