Date: 18-02-2025
Key Facts Statement (KFS)
Dear Durga S,
We are happy to inform you that your loan has been sanctioned, with details as mentioned below.
Annex A
Part 1 (Interest rate and fees/charges)
1 Loan proposal/ account No. TW17243742 Type of Loan Two Wheeler
2 Sanctioned Loan Amount(in Rupees). 159175.00
3 Disbursal schedule 100%
4 Loan term (months) 24 Months
5 Instalment Details
Type of Number EPI (in
Commencement of repayment, post sanction
Instalments of EPIs Rupees)
Monthly 24 8096.00 1st or 5th of following month, depending on date of actual disbursement
6 Interest rate % and type (fixed or floating or hybrid) 20.71 % (Annualized) - Fixed
7 Additional Information in case of Floating rate of Interest
Impact of Change in the Reference
Final benchmark. (for 25bps change in 'R',
Reference BenchMark change in 3)
Spread(%)(S) Rate(%) Reset periodicity (Months)
BenchMark rate(%)(B)
R=(B)+(S)
B S
EPI No. of EPIs
NA NA NA NA NA NA NA NA
8 Fee/Charges
Payable to the RE(A) Payable to a third party through RE(B)
Amount(in
Amount(in Rs) or
One-Time Rs) or One
Percentage
Reccuring Percentage time/Recurring
(%) as applicable
(%) as
Applicable
(i) Documentation Charges One-Time 3659.00
(ii) NACH/Bank Charges One-Time 250.00
(iii) Credit Administration Charges* One-Time 775.00
Stamping Charges (Payable to Government
(iv) One-Time 200.00
Authority)
(v) Other Charges (if Any) One-Time 0.00
9 Annual Percentage Rate(APR)(%) on KFS issuance date 23.57 %
10 Details of Contigent Charges (in Rs or %, as applicable)
Penal Charges:-
(i) Dishonor Charges per Clearing Mandate Rs.750/-
(ii) Delayed Payment / Late Payment Charges on overdue 18% p.a.
Service Charges:-
(iii) Prepayment charges on outstanding Principal Amount Flat 5.21%
Issue of Duplicate copy of the agreement/Duplicate NOC
(iv) Rs.885 per request
/NOC for Duplicate registration certificate
Rs.2000/- + Interest calculated at Customer ROI for number of
Cancellation of Contract (other than foreclosure and
days between the date of disbursement and the date of receipt
(v) prepayment charges) at specific request of the Borrower
of funds, at specific request from customer for cancellation of
and agreed by the Lender
contract.
(vi) Collection Charges for Clearing Mandate (per mandate) At Actuals
(vii) Clearing Mandate swap Charges Rs.500 per swap
Repayment Schedule/Account Outstanding Break up
(viii) Rs.885 per request
statement
(ix) Statement of Account (Physical) Rs.885 per request
(x) Legal / Collections / Incidental Charges At Actuals
(xi) Repossession Charges At Actuals
(xii) LPG/ CNG NOC Rs.885
(xiii) NOC for Interstate Transfer Rs.885
(xiv) NOC for commercial to personal use Rs.885
(xv) NOC to convert from Private to Commercial Rs.885
(xvi) Amalgamation / Transfer of Equity 3% or Rs.3000/- whichever is higher
Part 2 (Other qualitative information)
The Lender may at the risk and cost of the Borrower and/or the Guarantor engage
one or more person(s) to collect the Borrower's and/or the Guarantor's outstanding's
and/or to enforce, recover and/or repossess any assets underlying the Security and
may furnish to such person(s), such documents, information, facts and figures as
the Lender thinks it and may delegate to such person(s) the right and authority to
Clause of Loan agreement relating to perform and execute all acts, deeds, mater and things connected therewith or
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engagement of recovery agents incidental thereto as the Lender thinks it. If any default is committed by the Borrower
and/or the Guarantor, the Lender and the persons authorised by the Lender may
approach the Borrower's and for the Guarantors employer and/or other person(s)
and inform it/ him/her of the terms of this Agreement and/or the default and/or other
matters and receive from it/him/her any amount payable by it/him/her to the
Borrower and/or the Guarantor
The Lender is committed to resolve the queries / issues from the Borrower within
stipulated timelines. The Borrower may call our toll free customer care number 1800
Clause of Loan agreement which details 209 5732 between Monday to Saturday, 9.30 am to 6.30 pm, excluding holidays or
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grievance redressal mechanism write to the Grievance redressal officer at grievancekmp@kotak.com. For details of
the grievance Redressal process followed by the lender, please visit
https://primeloans.kotak.com/grievanceRedressal.htm.
Phone number and email id of the nodal Email:kprime.nodal@kotak.com, Telephone No:022 69781705 OR Refer our below
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grievance redressal officer website link https://primeloans.kotak.com/grievanceRedressal.htm
Whether the loan is, or in future may be,
4 subject to transfer to other REs or Yes
securitisation (Yes/ No)
In case of lending under collaborative lending arrangements (e.g., co-lending/ outsourcing),following additional details may be
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furnished:
Name of the originating RE, along with its funding Name of the partner RE along with its proportion of Blended rate of
proportion funding interest
NA NA NA
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
NA
which borrower shall not be charged any penalty on prepayment of loan
(ii) Details of LSP acting as recovery agent and authorized to approach the
NA
borrower
* This is included in funding amount.
Other Disclosures:
• This KFS is valid for upto 15 Days from date of issuance.
• Refer www.primeloans.kotak.com for details on KMPL privacy policy, Terms and conditions, Charges and fees, grievance
redressal policy and interest gradation policy as may be revised from time to time.
• Goods & Services Tax (GST) and any other tax will be levied on charges/fees separately as may be applicable from time to time.
• Penal Charges in accordance with RBI circular DoR.MCS.REC.61/01.01.001/2023-24 dated December 29, 2023 on Fair Lending
Practice – Penal Charges on Loan Accounts.
• Based on actual disbursement date and EMI due date, the last EMI/tenure may be adjusted so as to maintained the Interest rate
mentioning in this document.
• In case insurance is cancelled by customer post disbursement, then the premium will be reduced from the principal amount and
EMI amount will be reduced proportionately.
• Final repayment schedule shall be sent along with the welcome kit, post disbursement.
Acknowledgement:
The contents of this KFS, along with the Annexures, has been explained to me in English / local language known to me, before
executing the loan contract, and I confirm that I have understood the same.
This is a computer generated statement, no signature is required.
Annex B
Illustration for computation of APR
SR
Parameter Details
No
1 Sanctioned Loan amount (in Rupees) 159175.00
2 Loan Term (in months) 24 Months
No. of instalments for payment of principal, in case of non-equated periodic
a) NA
loans
Type of EPI Monthly
b) Amount of each EPI (in Rupees) and 8096.00
nos. of EPIs (e.g., no. of EMIs in case of monthly instalments) 24
c) No. of instalments for payment of capitalised interest, if any NA
1st or 5th of following month, depending on
d) Commencement of repayments, post sanction
date of actual disbursement
3 Interest rate type (fixed or floating or hybrid) Fixed
4 Rate of Interest 20.71 %
Total Interest Amount to be charged during the entire tenor of the loan as per
5 35129.00
the rate prevailing on sanction date (in Rupees)
6 Fee/ Charges payable(in Rupees) 4109.00
A Payable to the RE 3909.00
B Payable to third-party routed through RE 200.00
7 Net disbursed amount (1-6) (in Rupees) 155066.00
8 Total amount to be paid by the borrower (sum of 1 and 5) (in Rupees) 194304.00
9 Annual Percentage rate- Effective annualized interest rate (in percentage) 23.57 %
10 Schedule of disbursement as per terms and conditions NA
1st or 5th of following month, depending on
11 Due date of payment of instalment and interest
date of actual disbursement
Annex C
Illustrative Repayment Schedule under Equated Periodic Instalment for the hypothetical loan illustrated in Annex B
Instalment No. Outstanding Principal(in Rupees) Principal(in Rupees) Interest(in Rupees) Instalment(in Rupees)
1 159175 5452 2644 8096
2 153723 5543 2553 8096
3 148180 5635 2461 8096
4 142545 5728 2367 8096
5 136817 5824 2272 8096
6 130993 5920 2176 8096
7 125073 6019 2077 8096
8 119054 6119 1977 8096
9 112935 6220 1876 8096
10 106716 6324 1772 8096
11 100392 6429 1667 8096
12 93963 6535 1561 8096
13 87428 6644 1452 8096
14 80784 6754 1342 8096
15 74029 6866 1230 8096
16 67163 6980 1115 8096
17 60182 7096 1000 8096
18 53086 7214 882 8096
19 45872 7334 762 8096
20 38538 7456 640 8096
21 31083 7580 516 8096
22 23503 7706 390 8096
23 15798 7834 262 8096
24 7964 7964 132 8096
Note: Above Illustrative Repayment Schedule is computed using IRR approach and reducing balance method. Final repayment
schedule shall be sent along with the welcome kit, post disbursement.
