Date: 29-08-2025

To,
Prakash Singh Bisht
119/247 Shyam Bhawan Chaurahadarshanpurvarknagarkanpurnagar
kanpur Uttar Pradesh Kanpur 208012,
&
Mahendra Singh Bisht
119/247 Shyam Bhawan Chauraha Darshan Purvark Nagar Kanpur Nagar
Uttar Pradesh Kanpur Nagar 208012,

Subject: Sanction letter/approval for Loan

Dear Mr. Prakash Singh Bisht,

We are pleased to inform you that you are eligible for a loan facility from us as per the following terms :

Key Facts Statement

Part 1: Interest Rate and Fees/Charges

1 Loan proposal/account No. SOLSQ0278846 Type of Loan Solar and Rooftop Solutions

2 Sanctioned Loan amount (in Rupees) ₹ 2,40,000.00 /- (Rupees Two Lakh Forty Thousand only )

Disbursal Schedule

3 (i) Disbursement in stages or 100% upfront.

100% Upfront
(ii) If in stages, mention the clause of loan agreement having relevant details.

4 Loan term (year/months/days) 12 months

Installment details

5 Type of installments Number of EPIs EPI (₹) Commencement of repayment, post sanction

Monthly 12 20,000 5th of every month

(a)Interest rate (%) and type (fixed or floating or hybrid) 0 % / (floating)

6
(b)Interest rate(%) and type (flat) 0 % / (flat)

Additional Information in case of Floating rate of interest

Reset Impact of change in the reference

Benchmark Final rate periodicity benchmark (for 25 bps change in ‘R’,
7 Reference Spread
rate (%) (%) R = (B) (Months) change in)
Benchmark (%) (S)
(B) + (S)
B S EPI (₹) No. of EPIs

CFPLR 0% 0% 0% 1 12 NA NA
 Fee/Charges

Payable to a third party

Payable to the RE (A)
through RE (B)

Amount (in
Amount (in ₹)
One- One- ₹) or
or Percentage
time/Recurring time/Recurring Percentage
(%)
(%)

(i) Processing fee (including GST) One time 999 NA NA

Insurance charges (Premium

(ii) NA NA NA NA
Including GST)
8
(iii) Valuation fees NA NA NA NA

(iv) Any Other (please specify) NA NA NA NA

a) Add on service charges

NA NA NA NA
(including GST)

b) Legal document charges NA NA One-time 0

c) CF legal document
processing fee charges One-time 0 NA NA
(including GST)

d)Cersai charges + GST NA NA NA NA

9 Annual Percentage Rate (APR) 0.77 % reducing

Details of Contingent Charges (in ₹ or %, as applicable)

(i) Penal charges, if

any, in case of 54.75% p.a of outstanding dues
delayed payment

(ii) Other penal

Zero
charges, if any

(iii) Foreclosure
Zero
charges, if applicable

(iv) Charges for

switching of loans
Nil
from floating to fixed
10 rate and vice versa

(v) Any other charges

(a) Late Payments ₹ 300/- per late payment OR dishonor of cheque/ECS/NACH per
/Cheque /ECS /NACH presentation. Two successive cheque bounces/ auto debit failure will lead
dishonoured charges to loan recall notice being issued

We are collecting 2 undated cheques if required. One of Loan Amount &

(b) Undated Cheques one of EMI Amount. Unused cheques will be shredded at our end after
& Cash Collection successful repayment of the loan. Any cash collection would include
additional Rs 400 per pick up.

(c) Merchant Refunds In case of a return of a purchase to a merchant, a cancellation charge of

& Loan Cancellations 1.4% per month on outstanding principal would be payable.

(d) Bounce Charges ₹ 270

11 KYC complied with RBI guidelines

12 Other term & condition as mentioned in Loan agreement.

 Part 2: Other Qualitative Information

Clause of Loan
agreement
1 relating to https://creditfair.in/collection_mechanism.pdf
engagement of
recovery agents

Clause of Loan
agreement
which details
2 https://creditfair.in/grievance-policy
grievance
redressal
mechanism

Phone number
and email ID of Name: Shraddha Mandlik
3 the nodal Telephone no.: +91 9137504870
grievance E-mail ID.: grievance@creditfair.in
redressal officer

Whether the
loan is subject to
transfer to other
4 Yes
REs or
securitization
(Yes/No)

In case of lending under collaborative lending arrangements (e.g., co-lending/ outsourcing),

following additional details may be furnished:

5
Name of the originating RE, along with Name of the partner RE along with its Blended rate of
its funding proportion proportion of funding interest

NA NA NA

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,

6 during which borrower shall not be charged any penalty on prepayment of 4 days
loan

(ii) Details of LSP acting as recovery agent and authorized to approach the https://creditfair.in/list-
borrower of-lsp

Name: [SOLARSQUARE ENERGY PRIVATE LIMITED ] (SOLARSQUARE ENERGY

Details of
7 PRIVATE LIMITED)
Merchant
Address: E-5/97, , Arera Colony, Bhopal, Bhopal, Bhopal, Madhya Pradesh, 462016

General Terms and Conditions registered on the 17/10/2018 with the SubRegistrar
of Assurances MUMBAI-3, Vide registration no. BBE-3/8503/2018 in Book No. - Vol.
General Terms
8 No. -from pages 1 to 27 will be applicable for the Loan availed by the Borrower.
and Conditions
The same shall form part and parcel of this Most Important Document
https://creditfair.in/privacy-policy

9 Date & Place 29 August 2025 & Maharashtra/Delhi

Exclusive first charge by way of hypothecation of Equipment/System listed in

10 Security Appendix - A and all receivables arising out of the hypothecated
Equipment/System
 Computation of APR

Sr
Parameter Details
No

1 Sanctioned Loan Amount ₹ 2,40,000.00

2 Loan term (in months) 12 months

Number of installments for payment of principal, in

(a) NA
case of non-equated periodic loans (months)

Type of EPI Monthly

(b) Amount of each EPI (in Rupees) and 20,000
Nos. of EPIs 12

Number of installments for payment of capitalised

(c) NA
interest, if any

(d) Commencement of repayments, post sanction 5th of every month

3 Interest rate type Floating

4 Rate of Interest 0%

Total Interest Amount to be charged during the entire

5 tenor of the loan as per the rate prevailing on sanction ₹0
date

6 Fee/Charges payable ₹ 999

(a) Payable to the RE ₹ 999

(b) Payable to third-party routed through RE ₹0

7 Net Disbursed Amount ₹ 240000 /-

8 Total amount to be paid by the borrower ( 1 + 5 ) ₹ 240,000 /-

Annual Percentage rate- Effective annualized interest

9 0.77 %
rate

Please refer to loan agreement Article 1

10 Schedule of disbursement as per terms and conditions clause 1.2 Terms of Disbursement and draw
downs

5th of every month (Also refer Repayment

11 Due date of payment of Installment and interest
schedule in the welcome letter)
Exclusive of GST(*)
INDICATIVE REPAYMENT SCHEDULE UNDER EQUATED PERIODIC INSTALMENT
(Final/revised repayment schedule will be shared with welcome letter)

Installment Outstanding Principal (in Principal (in Interest (in Installment (in
No. Rupees) Rupees) Rupees) Rupees)

1 ₹2,20,000.00 ₹20,000.00 ₹0 ₹20,000.00

2 ₹2,00,000.00 ₹20,000.00 ₹0 ₹20,000.00

3 ₹1,80,000.00 ₹20,000.00 ₹0 ₹20,000.00

4 ₹1,60,000.00 ₹20,000.00 ₹0 ₹20,000.00

5 ₹1,40,000.00 ₹20,000.00 ₹0 ₹20,000.00

6 ₹1,20,000.00 ₹20,000.00 ₹0 ₹20,000.00

7 ₹1,00,000.00 ₹20,000.00 ₹0 ₹20,000.00

8 ₹80,000.00 ₹20,000.00 ₹0 ₹20,000.00

9 ₹60,000.00 ₹20,000.00 ₹0 ₹20,000.00

10 ₹40,000.00 ₹20,000.00 ₹0 ₹20,000.00

11 ₹20,000.00 ₹20,000.00 ₹0 ₹20,000.00

12 ₹0.00 ₹20,000.00 ₹0 ₹20,000.00

Total ₹2,40,000.00 ₹0.00 ₹2,40,000.00

The terms of this loan sanction shall also be governed by General Terms and Conditions, which you may kindly read before confirming your acceptance.
The said documents are incorporated here by way this reference, Borrower's acceptance to the terms of this letter and the General Terms and Conditions
should be informed to the Lender by submission of a signed copy of the Most Important Document with the terms understood by the Borrowers. Further,
each of the Borrowers shall be jointly and severely responsible for compliance to the terms of this loan sanction and for repayment of the loan amount
disbursed.
This sanction letter will only be a letter of offer and shall stand revoked and cancelled, if there are any material changes in the proposal for which the Loan
is sanctioned or; If any event occurs which, in our sole opinion is prejudicial to our interest or is likely to affect the financial condition of the Borrowers or
his / her/ their ability to perform any obligations under the loan or; any statement made in the loan application or representation made is found to be
incorrect or untrue or material fact has concealed or; upon completion of the validity period of 3 days of this offer unless extended by us in writing.
Subsidy Prepayment
In cases where the Borrower receives a government subsidy for the solar project, the Borrower shall be obligated to prepay an amount equivalent to the
subsidy to the Lender immediately upon receipt or within seven (7) days from the date of receipt, whichever is earlier. Such prepayment shall be applied
towards the outstanding principal, and the Borrower shall be eligible for a corresponding interest benefit on the prepaid amount, in accordance with the
applicable terms and conditions of the loan agreement as per the 3(3.4) of Subsidy Prepayment Clause. A penalty of 2% per month will be applied on the
subsidy amount if the subsidy payment is not made within 7 days from the date of receipt of the same.

Best Regards,
Shraddha Mandlik

K. M. Global Credit Private Limited

Non Banking Finance Company . CIN No. U65999MH2018PTC308921
Reg. Address
Office no. 501, B wing, Naman Midtown, Senapati Bapat Marg, Gokhale Road, Dadar West, Mumbai 400028
Corp. Address
6A, 6th Floor, Corporate Centre, Andheri Kurla Road, Near JB Nagar Metro Station, Andheri East, Mumbai 400059
http://creditfair.in | ops@creditfair.in