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Loan Key Facts: Branch Intl Pvt Ltd

This document is a key fact statement from Branch International Financial Services providing details of a loan given to Kokkera Venkata Sujatha. It outlines the loan amount of Rs. 1000, total interest of Rs. 30, processing fee of Rs. 79, and net disbursed amount of Rs. 906. The borrower must repay a total of Rs. 1030 in one monthly installment within 31 days at an annual percentage rate of 164.24%. Details of the lender and grievance officer are also provided.

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330 views2 pages

Loan Key Facts: Branch Intl Pvt Ltd

This document is a key fact statement from Branch International Financial Services providing details of a loan given to Kokkera Venkata Sujatha. It outlines the loan amount of Rs. 1000, total interest of Rs. 30, processing fee of Rs. 79, and net disbursed amount of Rs. 906. The borrower must repay a total of Rs. 1030 in one monthly installment within 31 days at an annual percentage rate of 164.24%. Details of the lender and grievance officer are also provided.

Uploaded by

kokkerasujatha
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Digitally Signed by Branch International Financial Services Pvt Ltd

Date: 2023-11-10 [Link] +0530

Ke y Fact State me nt

Name of th e Re gu late d e n tity: Applican t Name : Kokkera Venkata


D ate : 09/11/2023 Branch International Financial Services Sujatha
Private Limited

Sr.
Paramate r D e tails
No.

(i) Loan amount (amount disbursed/to be disbursed to the borrower) (in 1000.0
Rupees)
(ii) Total interest charge during the entire tenor of the loan (in Rupees) 30.0
(iii) Other up-front charges, if any (break-up of each component to be given 94.0
below) (in Rupees)
(a) Processing fees, if any (in Rupees) 79.0
(b) Insurance charges, if any (in Rupees) -
(c) Others (if any) (in Rupees) GST: 15.0
(iv) Net disbursed amount (in Rupees) 906.0
(v) Total amount to be paid by the borrower (sum of (i) and (ii)) (in Rupees) 1030.0
Annual Percentage Rate - Effective annualized interest rate (in
(vi) percentage) (computed on net disbursed amount using IRR approach and 164.24%
reducing balance method)
(vii) Tenor of the Loan (in months/days) 31 days
(viii) Repayment frequency by the borrower Monthly
(ix) Number of instalments of repayment 1
(x) Amount of each instalment of repayment (in Rupees) 1030.0
D e tails abou t Con tin ge n t Ch arge s

(xi) Rate of annualized penal charges in case of delayed payments 3%


O th e r disclosu re s

(xii) Cooling off/look-up period during which borrower shall not be charged 3 days
any penalty on prepayment of loan

1. Striker - SFS ALLIANZ PVT. Ltd


2. Pacesetters - Pace Setters Business
Solutions Private Limited
3. Creditmate - Fincollect Services
Private Limited
(xiii) Details of LSP acting as recovery agent and authorized to approach the
borrower
4. Credgenics - ANALOG LEGALHUB
TECHNOLOGY SOLUTIONS PRIVATE
LIMITED
5. Spocto - Spocto Solutions Private
Limited

Name: Vishal Kaushik


Designation: Operations Manager
Name, designation, address and phone number of nodal grievance Address: 01, AWFIS, Space Solutions,
4th Floor, VIOS Towers, Off Eastern
(xiv) redressal officer designated specifically to deal with FinTech/ digital
Express Highway, Sewri-Chembur
lending related complaints/ issues
Road, Mumbai, Maharashtra 400037
Email: gro@[Link]
Phone number: +919324925327
D e taile d Re payme n t Sch e du le

O u tstan din g
Prin cipal ( in In te re st ( in In stalme n t ( in
In stalme n t No. Prin cipal ( in
Ru pe e s) Ru pe e s) Ru pe e s)
Ru pe e s)

1 1000.0 1000.0 30.0 1030.0

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