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    Key Fact Statement: SR No. Parameter Details

    Uploaded by

    Suman Kumar
    Kisetsu Saison Finance (India) Private Limited has sanctioned a credit line of Rs. 150,000 to Ashok Gupta. The key terms include an interest rate of 15.99% per annum on withdrawals, monthly repayments over 5 years, and penal interest of 36% for delayed payments. The loan processing is paperless through the Privo mobile app and website.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Key Fact Statement: SR No. Parameter Details

    Uploaded by

    Suman Kumar
    76 views5 pages
    Kisetsu Saison Finance (India) Private Limited has sanctioned a credit line of Rs. 150,000 to Ashok Gupta. The key terms include an interest rate of 15.99% per annum on withdrawals, monthly repayments over 5 years, and penal interest of 36% for delayed payments. The loan processing is paperless through the Privo mobile app and website.

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    Kisetsu Saison Finance (India) Private Limited has sanctioned a credit line of Rs. 150,000 to Ashok Gupta. The key terms include an interest rate of 15.99% per annum on withdrawals, monthly repayments over 5 years, and penal interest of 36% for delayed payments. The loan processing is paperless through the Privo mobile app and website.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    76 views5 pages

    Key Fact Statement: SR No. Parameter Details

    Uploaded by

    Suman Kumar
    Kisetsu Saison Finance (India) Private Limited has sanctioned a credit line of Rs. 150,000 to Ashok Gupta. The key terms include an interest rate of 15.99% per annum on withdrawals, monthly repayments over 5 years, and penal interest of 36% for delayed payments. The loan processing is paperless through the Privo mobile app and website.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    Kisetsu Saison Finance (India) Private Limited

    CIN: U65999KA2018FTC113783
    IndiQube Lexington Tower, First Floor, Tavarekere
    Main Road, Tavarekere, S.G. Palya,
    Bangalore, Karnataka. India 560029.

    KEY FACT STATEMENT

    Sr Parameter Details
    No.

    (i) Lender's Name: Kisetsu Saison Finance (India)


    Private Limited having its
    registered office at IndiQube
    Lexington Tower, First Floor,
    Tavarekere Main Road,
    Tavarekere, S.G. Palya,
    Bengaluru, Karnataka 560029.

    (ii) Sanctioned Credit Line Amount: ₹ 150,000.00

    (iii) Rate of Interest on credit line: ₹ 15.99% Per Annum

    (iv) Other up-front charges

    a) Processing fees (in Rupees) NIL

    b) Insurance charges (in Rupees) NA

    c) Broken Period Interest (BPI) (in Rupees) NA

    d) Others (if any) (in Rupees) NA

    (v) Net disbursed amount (in Rupees) NA

    (vi) Total amount to be paid by the borrower (in NA


    Rupees)

    (vii) Annual Percentage Rate (APR) - Effective Applicable On Withdrawal


    annualized interest rate (in percentage)
    (computed on net disbursed amount using IRR
    approach and reducing balance method)

    1 of 5
    (viii) Line Tenure 60 Months

    (ix) Repayment frequency by the borrower Monthly

    (x) Number of instalments of repayment As per Schedule Letter

    (xi) Amount of each instalment of repayment (in As per Schedule Letter


    Rupees)

    Details about Contingent Charges

    (xii) Prepayment charges, if any (Not applicable for Full Prepayment Charges: NIL
    MFI) Part Prepayment Charges: NIL

    (xiii) Rate of annualized penal charges in case of 36% per annum


    delayed payments (if any)

    (xiv) Rate of annualized other penal charges (if any); NA


    (details to be provided )

    (xv) NACH registration failure charges NA

    (xvi) NACH/e-mandate swap charges Rs 250 + taxes

    (xvii) NACH/e-mandate bounce charges Rs 450

    (xviii) SOA charges, if applicable NA

    Other disclosures

    (xix) Cooling-off/look-off period (The Borrower can 3 days


    within the cooling-off/ look-up period exits the
    loan by paying the principal and the
    proportionate APR without any penalty.)

    (xx) Details of Lending Service Provider (LSP) acting KISETSU SAISON FINANCE
    as recovery agent and authorized to approach the (INDIA) PRIVATE LIMITED
    borrower

    (xxi) Grievance redressal officer information Officer Name- Ms. Preethi Nair


    Contact: 9962003070
    Email: grievance@creditsaison-
    in.com or preethi.
    [email protected]
    Address: IndiQube Lexington

    2 of 5
    Tower, First Floor, Tavarekere
    Main Rd, Tavarekere, S.G.
    Palya, Bengaluru, Karnataka
    560029

    (xxii) Recovery Mechanism The collection and recovery


    activities shall be carried on
    by the Lending Service
    Provider in accordance with
    the Collection Code of
    Conduct prescribed by the
    lender.
    The Borrower shall note that
    the account shall be classified
    as Non-Performing Asset
    (NPA) as per the extant RBI
    Circulars/Regulations when
    the payment of Loan
    Instalment (principal and/or
    interest) remains overdue for
    more than 90 days, that is, the
    account will be marked as
    NPA on the 91st day of
    continuous default from the
    original due date.

    LOAN SANCTION LETTER

    Application ID / Transaction ID: 654b4937-e942-4aa9-85dc-57c1ed5e9a4d


    Date : 14-02-2023

    Dear Ashok Gupta

    We thank you for choosing, Kisetsu Saison Finance (India) Private Limited, as your lender.

    We are pleased to inform you that, we have in-principle sanctioned to you a loan facility through its
    technology platform Privo mobile application and www.privo.in, the details of which are as below:

    3 of 5
    PARTICULARS DETAILS

    Purpose : Credit Line

    Sanctioned Credit Line Rs. 150,000.00


    Amount:

    Availability Period : This offer is valid up to 60 days from the date of issue of
    this Sanction Letter

    Line Tenure : 60 Months

    Rate of Interest on credit line: 15.99% Per Annum

    Rate of annualized penal 36% annually on the overdue amount


    charges in case of delayed
    payments (if any)

    Repayment Schedule : To be separately provided by Lender to Borrower at the


    time of drawdown/disbursement of Loan.

    Processing Fees : NIL

    Service Charges : NA

    Full Prepayment Charges : NIL

    Part Prepayment Charges : NIL

    NACH/e-mandate swap Rs. 250 + taxes


    charges :

    NACH/e-mandate bounce Rs. 450


    charges :

    Mode of Payment / e-NACH


    Repayment :

    Other Conditions : 1. Borrower can take disbursement of any number of Loan


    (s) upto the overall Limit / Credit Line set up
    2. Borrower can make an early repayment or prepayment of
    the amounts due under the Loan, in part or in full, at any
    time.

    4 of 5
    3. Borrower must make prepayment or advance payment at
    least 7 or more days in advance prior to the upcoming Due
    Date so as to avail adjustment of the prepayments towards
    the upcoming Due Date.
    4. Lender may collect amounts payable by Borrower on
    using the National Automated Clearing House (NACH)
    mandate or similar payment mandates provided by you. In
    addition, Credit Saison may also charge a fee for facilitating
    this transaction.
    5. Non-payment of amounts due on the relevant due dates
    will have adverse consequences including: (i) having details
    of Borrower reported to the credit bureaus; and (ii) suitable
    legal action as may be necessary to recover the
    outstanding amounts; and (iii) any other actions as
    specified herein or in the Standard Terms and Conditions.
    For any support or grievance, please contact:
    [email protected] or grievance@creditsaison-in.
    com

    Final loan sanction is subject to legal, technical, and financial verification.

    This Sanction Letter may not be construed as a binding commitment on us to disburse the above
    mentioned loan facility, unless you have accepted the standard loan terms in a form and manner
    acceptable to us and the conditions for disbursal set out therein are fulfilled to our satisfaction.

    Yours Sincerely
    Kisetsu Saison Finance (India) Private Limited
    (This is a computer generated document. No signature is required)

    Digitally Signed by : Kisetsu Saison Finance (India) Private Limited


    Tue Feb 14 17:17:19 UTC 2023

    5 of 5

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