Annex A
Key Facts Statement
Part 1 (Interest rate and fees/charges)
1 Loan proposal/ account No. Type of Loan
2 Sanctioned Loan amount (in Rupees)
3 Disbursal schedule
(i) Disbursement in stages or 100% upfront.
(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 instalments 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
Reference Benchmark Spread (%) (S) Final rate (%) Reset Impact of change in the reference
Benchmark rate (%) (B) R = (B) + (S) periodicity2 benchmark
(Months) (for 25 bps change in ‘R’, change in:3)
B S EPI (₹) No. of EPIs
8 Fee/ Charges4
Payable to the RE (A) Payable to a third party through RE (B)
One-time/ Amount (in One- Amount (in ₹) or Percentage
Recurring ₹) or time/Recurring (%) as applicable5
Percentage
(%) as
applicable5
(i) Processing fees
(ii) Insurance charges
(iii) Valuation fees
(iv) Any other (please specify)
9 Annual Percentage Rate (APR) (%)6
10 Details of Contingent Charges (in ₹ or %, as applicable)
(i) Penal charges, if any, in case of delayed payment
(ii) Other penal charges, if any
(iii) Foreclosure charges, if applicable
(iv) Charges for switching of loans from floating to fixed rate and vice versa
(v) Any other charges (please specify)
Part 2 (Other qualitative information)
2
Fixed reset, other than on account of changes in credit profile
3
Please refer circular ‘Reset of Floating Interest Rate on Equated Monthly Instalments (EMI) based Personal
Loans’ dated August 18, 2023.
4
REs may disclose the amount net of any taxes such as GST
5
Mention frequency, where recurring
6
Please refer to the illustration in Annex B
1 Clause of Loan agreement relating to
engagement of recovery agents
2 Clause of Loan agreement which details
grievance redressal mechanism
3 Phone number and email id of the nodal
grievance redressal officer7
4 Whether the loan is, or in future maybe, subject
to transfer to other REs or 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 originating RE, along Name of the partner RE along with its Blended rate of interest
with its funding proportion proportion of funding
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
prepayment of loan
(ii) Details of LSP acting as recovery agent and
authorized to approach the borrower
7
RE may furnish generic email id, provided a response is made within 1 working day
