Key Facts Statement

Annexure A
Interest rate and fees/charges

1 Loan proposal/ account No. TF00701285 Type of Loan New

2 Sanctioned Loan amount (in Rupees) 943106

Disbursal schedule
(i) Disbursement in stages or 100% upfront.
3 100% upfront
(ii) If it is stage wise, mention the clause of loan agreement
having relevant details
4 Loan term (Year/months/Days) 60 Months
5 Instalment details
Type of instalments Number of EPIs EPI (₹) Commencement of repayment, post sanction
Quarterly 20 69700 75 Days
6 Interest rate (%) and type (fixed or floating or hybrid) 14.3% and Fixed
7 Additional Information in case of Floating rate of interest

Impact of change in the reference benchmark (for 25

Reference Final rate (%) Reset periodicity (Months)
Benchmark rate (%) (B) Spread (%) (S) bps change in ‘R’, change in)
Benchmark
R = (B) + (S) B S EPI (₹) No. of EPIs
NA NA NA NA NA NA NA NA
8 Fee/ Charges
Payable to the Bank (A) Payable to a third party through The Bank (B)
One-time/
One-time/ Recurring Amount (in ₹) or Percentage (%) as applicable Amount (in ₹) or Percentage (%) as applicable
Recurring
(i) Processing fees One time 3530 0.37% NA NA NA
(ii) Insurance charges NA NA NA One time 26606 0.028211039
(iii) Valuation fees NA NA NA One time 0 0
(iv) Any other (please specify) NA NA NA NA NA NA
9 Annual Percentage Rate (APR) (%) 15.70%
10 Details of Contingent Charges (in ₹ or %, as applicable)
(i) Penal charges, if any, in case of delayed payment Amounts standing unpaid on respective due dates shall attract penal charge at 8% per annum (to be charged for
actual no. of days) on overdue amount plus applicable taxes.

(ii) Other penal charges, if any

Nil

4% foreclosure charges/ pre-payment charges as per reducing balance method are applicable on the outstanding
amount (Utilized limit) in case of non-revolving loans/facilities and on sanction limit for revolving loans/facilities at
the time of closure.
MSME - 2% foreclosure charges/ pre-payment charges are applicable on the outstanding amount (Utilized limit) in
(iii) Foreclosure charges, if applicable case of non-revolving loans/facilities and on sanction limit for revolving loans/facilities at the time of closure.
In revolving facilities at the time of renewal if customer does not wish to continue than such foreclosure charges
are not applicable
No Foreclosure charges shall be applicable to MSE (Micro and Small Enterprise) borrowers in case of closure of any
floating rate loans.
No Foreclosure charges shall be applicable to MSE (Micro and Small Enterprise) in case of closure of fixed rate
loans up to sanctioned limit of INR 50.00 lakh.
(iv) Charges for switching of loans from floating to fixed rate and vice versa Nil
For all related charges refer this link - https://www.kotak.com/en/business/loans/construction-equipment/fees-
(v) Any other charges (please specify) and-charges.html
Other qualitative information

The Bank reserves the right to engage one or more third party collections agencies and/or recovery agents to collect any outstanding dues owed by the
Borrower to the Bank under the facility. The Borrower hereby agrees that in the event of default in repayment of the whole or part of the loan, the
Bank has the right to recover either through its own channels or through one or more third party collection agencies or/ and recovery agents. The
Borrower acknowledges, consents, recognizes to such engagement and appointment of collection agencies or/and the recovery agents who will act on
behalf of the Bank in event of Borrower’s inability to pay the sums owned to the Bank’s facility which may include but not limited to, calls for recovery for
1 Clause of Loan agreement relating to engagement of recovery agents outstanding dues and/or visiting the Borrower’s residence and/or place of business. The Borrower further agrees to cooperate with the recovery agents
and provide all necessary assistance and information to ease the recovery process. The Borrower consents and agrees that the Bank is authorized to
disclose the Borrower's personal information to Recovery Agents solely for collecting the outstanding debt. The Bank shall ensure that all actions taken by
the recovery agents as per applicable laws and regulations. The Borrower accepts and knows that failure to cooperate with the recovery agents may
result in legal recourse by the Bank, which may civil and/or criminal in nature.

In the event, the Borrower wishes to raise any grievances and/or raise any concerns regarding the recovery process initiated by the Bank either through
its employees and/or any appointed third party collections agents and/or recovery agents for the recoveries of the default in repayment of facilities by
the Borrower, the Borrower may notify the Bank in writing and/or via a telephonic call to the communication details as mentioned in escalation levels as
detailed in the Bank’s website i.e. https://www.kotak.com/en/customer-service/grievance-redressal/commercial-banking.html (“Grievance link”). Note,
the Borrower should detail out the nature of the grievance and any desired resolution if provided in writing and should do the same over the call to avoid
any unwarranted miscommunication. Thereafter, the Bank shall carry out necessary investigation and take appropriate actions/ steps (if any) towards the
2 Clause of Loan agreement which details grievance redressal mechanism satisfactory Redresser effort. If any complaint lodged by the Borrower for grievance and/or any concerns is not resolved within 7 days (as mentioned in
the Grievance link), then the customer may escalate the matter to Nodal Officer. If any complaint lodged by the Borrower still stands not resolved to the
satisfactory requirement to the Borrower by the Nodal Officer, then the customer within 10 days the Borrower may escalate the matter to Principal Nodal
Officer as mentioned in Grievance Link. The Borrower can also lodge a complaint over the Complaint Management System (CMS) portal under the
Reserve Bank-Integrated Ombudsman Scheme (RB-IOS). The Grievance link contains the levels of escalations that the borrower may avail which are in line
with the above-mentioned clause.

Email : [email protected]
3 Phone number and email id of the nodal grievance redressal officer Telephone No: 022-62042110

Whether the loan is, or in future maybe, subject to transfer to other Bank/NBFC/
4 Yes
ARC 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 the Bank, along with Name of the partner Bank along with its
Blended rate of interest
its funding proportion proportion of funding
NA NA NA

6 In case of digital loans, following specific disclosures may be furnished:

(i) Cooling off/look-up period, in terms of banks board approved policy, during which borrower NA
shall not be charged any penalty on prepayment of loan
(ii) Details of LSP acting as recovery agent and authorized to approach the borrower NA

This is a Confidential document.