BUSINESS LOAN

Part A - Key Fact Statement

Part 1 (Interest rate and fees/charges)

1 Loan Proposal/Account No. KB241014QKRJQ Type of Loan Business
2 Sanctioned Loan Amount (in Rupees) 3500
3 Disbursal Schedule
(i) Disbursement in stages or 100% upfront. 100% upfront
(ii) If it is stage wise, mention the clause of loan agreement
having relevant details
4 Loan Term (months) 4 months
5 Instalment details
Commencement of repayment,
Types of Instalments Number of EPIs EPIs*
post sanction**

Monthly 4 923 31 Days

6 Interest rate (%) and type (fixed or floating or hybrid) 26 % Fixed

7 Additional Information in case of Floating rate of interest
Impact of change in the reference
Reference Benchmark Rate Spread (%) Final Rate (%) Reset periodicity
benchmark (for 25 bps change in 'R'.
Benchmark (%) B (S) R = (B) + (S) (Months)
change in)

NA NA NA NA NA NA NA NA

8 Fee/Charges
Payable to RE (A) Payable to a third party through RE (B)
One-time/Re Amount (in Rs.) or One time/Recurring Amount (in Rs.) or Percentage
curring Percentage (%) as (%) as applicable
applicable
(i) Processing fees One-time Rs. 92
(ii) Insurance charges [Optional] One-time NA
I Credit Information Report Fees One-time NA
[Optional]
II Loan Documentation Fees/ One-time Rs. 10
[Non-Refundable Fees]
III Goods and Service Tax (INR) One-time 17 One-time 0
9 Annual Percentage Rate (APR) (%)*** 39%
10 Details of Contingent Charges (in Rs or %, as applicable)

Page 1

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST
 Penal Charges - Penal Charges for a continuing
default in repayment of EMI from day 2 and
continuing for maximum of 180 days shall be
(i) Penal charges, if any, in case of delayed payment
calculated at an annualized rate of 36% p.a which
will be applicable per day on principal overdue*
amount *round to nearest rupee.
No penalty charges will be levied beyond the
period of 180 days if an EMI continues to remain
outstanding beyond such period of 180 days.
For the avoidance of doubt, it is hereby clarified
that the EMI Bounce Charges and Penal Charges
will be calculated on the principal overdue amount
only and shall be levied distinctly and separately
from the components of the principal overdue
amount and the loan interest. These charges are
not added to the rate of interest against which the
loan has been advanced and are also not subject to
any further interest. Please note that these charges
are calculated in a manner so as to be
commensurate to the default and are levied in a
non-discriminatory manner for this loan product.
EMI Bounce Charges - This EMI Bounce Charge will
only apply on the first occurrence of the EMI
(ii) Other penal charges, if any repayment default. It shall be calculated at the
lower of: (i)4% of the principal amount forming part
of the bounced EMI or (ii) Rs.500
May be applicable at the discretion of Lender. If the
Borrower chooses to foreclose the loan, the Loan
(iii) Foreclosure Charges, if applicable Foreclosure Charges shall be the amount, being the
higher of, (i) 4% of the principal amount outstanding as
on the date of foreclosure or (ii) Rs. 50
(iv) Charges for switching of loans from floating to fixed rate and vice versa NA

(v) Any other charges (please specify)

* If the Borrower makes Part-Prepayment of the Loan
Amount on any other date which is not falling on Due
Date of the Instalment(not amounting to Foreclosure),
Part Prepayment Charges the Borrower shall be required to pay Part -
Prepayment Charges at 4%, of the principal amount
prepaid, after adjusting any overdue amounts, and/or
immediately succeeding Instalment.
* If the Borrower makes Part-Prepayment of the Loan
Amount (not amounting to Foreclosure), on any Due
Date of the Instalment, the Borrower shall be required
to pay Part-Prepayment Charges at 4%, calculated on
the principal amount prepaid, after adjusting any due,
and/or overdue amounts.
Retained Processing Fee(INR) 92

Page 2

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST
 (In case of Loan Closure during Cool Off Period)

Part 2 (Other qualitative information)

1. Clause of Loan agreement relating to engagement Clause 10.5

of recovery agents
2. Clause of Loan agreement which details grievance Clause 18
redressal mechanism
3. Phone number and email id of the nodal/grievance Grievance Officer for Lender
redressal officer Name : Mr. Sauraw Kumar
Contact : 080-44292555 / 080-68534555
Email : reachus@kbnbfc.in
Nodal Officer for Lender
Name : Mr. Ajeet Kumar
Contact : 080-44292244 / 080-68534544
Email : grievance@kbnbfc.in
Grievance Officer for DLA/LSP
Name : Ms. Meghna Shah
Contact : 080-44292200 / 080-68534522
Email : help@kreditbee.in
Nodal Officer for DLA/LSP
Name : Mr. Puneet Parihar
Contact : 080-44292233 / 080-68534501
Email : grievance@kreditbee.in
4. Whether the loan is, or in future maybe, subject to Yes
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 originating RE, along with its funding Name of the partner RE along with its proportion Blended rate of interest
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 RE's board
approved policy, during which borrower shall not be 3 days
charged any penalty on prepayment of loan
For the purpose of undertaking collection and recovery of the
Loan, the Lender will initially undertake the recovery of Loan.
Subsequently, the Lender may, through the Lending Service Provider
ii) Details of LSP acting as recovery agent and authorised
or through its Debt Recovery Agents, undertake collection or recovery
to approach the borrower
of the Loan from the Borrower. For details of Lending Service
Provider and the Debt Recovery Agents please refer to
https://www.kbnbfc.in/lsp-dla

* The first EPI amount captured shall include the broken period interest (if applicable). For the remaining EPI amount, please refer to the
Repayment Schedule under Equated Periodic Instalment as provided under Annexure B

Page 3

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST
** Commencement of the repayment may vary based on the actual date of disbursement of the Loan. In such scenarios a revised
Repayment Schedule shall be shared with the Borrower.
***Loan Documentation Fees, Credit Information Report Fees and Goods and Services Tax shall not be included in the computation of the
Annualised Percentage rate

Additional Details:

Name of LSP Finnovation Tech Solutions Private Limited

Name of DLA KreditBee
Purpose of the Loan Business Loan
Grievance Redressal Policy Lender : https://www.kbnbfc.in/grievance-policy
LSP : https://www.kreditbee.in/grievance-redressal
Fair Practice Code Lender : https://www.kbnbfc.in/fair-practice-code
Privacy Policy Lender : https://www.kbnbfc.in/privacy-policy
LSP : https://www.kreditbee.in/privacy-policy
Terms and Conditions Lender : https://www.kbnbfc.in/terms-and-conditions
LSP : https://www.kreditbee.in/terms-and-conditions

Acknowledgement

I hereby confirm that, I have understood the contents of the Key Fact Statement. I also understand that this Key Fact Statement is valid for 3
days, on the expiration of the said validity period unless accepted, the Lender at its own discretion can change the terms of Key Fact
Statement.

C) TERMS & CONDITIONS OF RECOVERY MECHANISM

The Lender undertakes the recovery practices considering the following terms;

a. In-house/Outsource Recovery
b. Digital Recovery
c. Reminder Communication
d. Field Collection (if required)

Where the Lender has failed to recover the money from the Borrower, it may rely upon the following legal recovery mechanism:

a. Legal Notice
b. Arbitration & Conciliation
c. Court Case

Important Terminologies
1. Annual Percentage Rate (APR): APR is the effective annualized rate charged to the Borrower of a Digital loan. APR shall be based
on an all-inclusive cost and margin including cost of funds, credit cost and operating cost, processing fee, verification charges,
maintenance charges, etc., and exclude contingent charges like EMI Bounce Charges, Penal Charges, etc. The computation
methodology for the APR is provided under Annexure A to the KFS.
2. Cooling-Off Period: A Cooling-Off Period is the time window being provided to the Borrower for exiting the Loan in case the Borrower

Page 4

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST
 decides not to continue with the Loan. In such event, a one-time Processing Fee will be retained by the Lender and an amount
proportionate to the Annualized Fixed Rate of Interest for the period until the closure of the Loan will be charged to the Borrower. In
case of cancellation of Loan during the Cooling-Off Period, the Borrower will not be required to pay any Loan Foreclosure Charges. In
order to know the amount payable, the Borrower has to reach us @ reachus@kbnbfc.in or contact on 080-44292555 / 080-68534555 of
the Lender to know the full fees payable in respect of Loan Foreclosure. Upondetermining the fees, the Borrower has the option to pay it
via post-dated cheques ("PDCs"), Electronic ClearingSystem ("ECS"), National Automated Clearing House ("NACH") instructions/other
mode/instrument ("PaymentInstrument(s)"), as acceptable to the Lender from time to time. In case of usage of any alternative methods
ofpayment, the Loan will stand cancelled only upon actual realization of the full fees payable in respect of LoanForeclosure by the
Lender. The Borrower must ensure that the payment using alternative payment methods isrealized by the Lender during the Cooling-Off
Period, failing which any request for Loan cancellation on accountof usage of such alternative sources of payments will be dealt by the
Lender on a case to case basis. During theCooling-Off period an exit to the sanctioned loan can be availed by paying the principal and
an amountproportionate to Annualized Fixed Rate of Interest without any Foreclosure Charges, however in order to beeligible to return/
cancel the loan amount during the Cooling-Off period, the Borrower will be required to submit a copy of the Bank Statement into which
the said loan amount was disbursed, along with an undertaking that theloan amount was not utilized by the Borrower during the
Cooling-Off period
3. Part Prepayment: In case the Borrower wants to make Part Prepayment of any Loan amount, the Borrower(s) has to write to the
email id at reachus@kbnbfc.in or contact on 080-44292555 / 080-68534555. However, upon determination of the Part-Prepayment
charges payable and Part-Prepayment amount payable, the Borrower(s) has to remit the funds through such online/offline mode as may
be available at the time of such Part-Prepayment.
4. EMI Bounce Charge: This is a Penal Charge levied by the Lender for non-repayment of an EMI on the scheduled date.
5. Foreclosure: Foreclosure of loan refers to the complete repayment of the Loan by the Borrower before the scheduled end of the
Tenure.
6. Credit Information Report Fees: This is an optional charge deducted from the Loan only when the Borrower has requested to
purchase the Credit Information Report via KreditBee platform and has further requested the Lender to deduct the Credit Information
Report Fees from his Loan Amount.
7. Insurance Charge: This is an optional charge deducted from the Loan only when the Borrower hereby gives his/her consent to
purchase the insurance policy being offered by the insurance service provider via KreditBee platform after he/she has read and
understood the terms of the insurance policy as disclosed to the Borrower during the process of application. The Borrower is expected
and advised to have read all the features, benefits, exclusions and claim process of the insurance product and accordingly shall have
voluntarily opted for the same. The Borrower is aware that in case of non-disclosure of material facts or fraud, there would be no refund
of insurance fee paid.
8. Loan Documentation Fees: This is the non-refundable stamp duty payable by the Borrower on Transaction Documents in
accordance with the applicable Laws. The stamp duty shall be deposited to the government at the time of execution of the Transaction
Documents. The Lender is merely acting as a facilitator to make the stamp duty payment on the Borrower's behalf and the Loan
Documentation Fees is the reimbursement by the Borrower to the Lender at cost.
9. Transaction Documents: The Transaction Documents comprise of the Key Fact Statement, the Sanction Letter issued to the
Borrower in relation to this Facility, the Borrower Details, the Loan Summary, General Terms and Borrower Consents and the Loan
Agreement including its annexures, the Most Important Terms and Conditions ("MITC") and other such documents designated by the
Lender as Transaction Documents.
10. Taxes: Unless otherwise mentioned, all fees and charges mentioned herein are exclusive of applicable taxes. All, taxes including
goods and services tax, duties, cess and levies as per applicable law pertaining to the transaction (including on the fees mentioned
above) whether present or in future to be borne by the Borrower
11. Instalment/EMI/EPI: means the amount of monthly payment specified in the Transaction documents necessary to amortize
the Loan with interest over the period of the Loan

Page 5

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST
 Annexure A

Computation of Annual Percentage Rate

Sr. No Parameter Details

1 Sanctioned Loan amount (in Rupees) 3500

2 Loan Term (months) 4 months

a) No. of instalments for payment of principal, in case of non-equated periodic loans NA

b) Type of EPI Monthly
Amount of each EPI (in Rupees) 923
Nos. of EPIs 4
c) No. of instalments for payment of capitalised interest, if any NA

d) Commencement of repayments, post sanction 31 Days

3 Interest rate type (fixed or floating or hybrid) Fixed

4 Rate of Interest 26%

5 Total Interest Amount to be charged during the entire tenor of the loan as per the 192

rate prevailing on sanction date (in Rupees)

6 Fee/ Charges payable (Including GST) 119

A Payable to the Lender 109

B Payable to third-party routed through the Lender 10

7 Net disbursed amount (1-6) (in Rupees) 3381

8 Total amount to be paid by the borrower (sum of 1 and 5) (in Rupees) 3692

9 Annual Percentage rate- Effective annualized interest rate (in percentage) 39%

10 Schedule of disbursement as per terms and conditions Annexure-B

11 Due date of payment of instalment and interest 14/11/2024

* Loan Documentation Fees, Credit Information Report Fees and Goods and Service Tax shall not be included in the computation of the
Annualised Percentage rate

Annexure B

Repayment Schedule under Equated Periodic Instalment

Instalment No. Outstanding Principal Principal (in Rupees) Interest (in Rupees) Due Date Instalment
(in Rupees) (in Rupees)
1 3500 847 76 14 Nov 2024 923
2 2653 866 57 14 Dec 2024 923
3 1787 884 39 14 Jan 2025 923
4 903 903 20 14 Feb 2025 923

Page 6

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST
 Part B - Sanction Letter

Date: 14/10/2024
Dear MANOJ KUMAR RAM,
S/O: Lakhpati Mehatar, Pokharauni
Madhubani, Bihar,

We refer to your Loan ID. KB241014QKRJQ and are pleased to advise the sanction of the loan as per following terms and conditions. Please
note that all fees and charges mentioned below will either be payable upfront or deducted from the Loan Amount.:
PARTICULARS DETAILS
Name of the Lender Krazybee Services Private Limited (through its branch at Bhubaneswar)
Name of the Borrower MANOJ KUMAR RAM
Name of the Lending Service Provider (LSP) Finnovation Tech Solutions Private Limited
Name of the Digital Lending Application (DLA) KreditBee
Purpose of the Loan Business Loan
Loan Amount (INR) 3500
Total interest chargeable during the entire tenure 192
of the loan (INR)
Annualized Fixed Rate of Interest: 26%
(% Per Annum)
Annual Percentage Rate (% Per Annum) 39%
Loan Term (In Months) 4 months
Processing Fees (INR) (A) 92
Loan Documentation Fees (INR) 10
[Non-Refundable Fees] (B)
Insurance Charges [Optional](C) NA
Credit Information Report Fees [Optional](D) NA
GST (E) 17
This will be the total amount of GST payable by the
Borrower on the Fees and Charges
Total Fees and Charges Payable (INR) 119
[Sum of A + B + C + D + E ]
Net Disbursed Amount (INR) 3381
Total Amount to be paid by the Borrower (INR) 3692
4 As per the Repayment Schedule shared under Annexure A of this Sanction
Number of EPIs
Letter
Repayment Frequency Monthly
Amount of EPI Payable (INR) 923
Cooling-off Period 3 days
Unless otherwise mentioned, all fees and charges mentioned herein are exclusive
of applicable taxes. All taxes including goods and services tax, duties, cess and
Taxes & Levies
levies as per applicable law pertaining to the transaction (including on the fees
mentioned above) whether present or in future to be borne by the Borrower.

Bank Account Details of the Borrower

Bank Name UNION BANK OF INDIA

Bank Account Number 520291018249049
IFSC UBIN0919578

Page 7

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST
 For the purpose of undertaking collection and recovery of the Loan,the Lender will
Details of recovery agent authorized
initially undertake the recovery of Loan. Subsequently,
the Lender may, through the Lending Service Provider or through its Debt
Recovery Agents, undertake collection or recovery of the Loan from the Borrower.
to approach the Borrower
For details of Lending Service Provider and the Debt Recovery Agents please refer
to https://www.kbnbfc.in/lsp-dla

Contingent Charges

Penal Charges for a continuing default in repayment of EMI from day 2 and
continuing for maximum of 180 days shall be calculated at an annualized rate
of 36% p.a which will be applicable per day on principal overdue* amount
*round to nearest rupee.
No penalty charges will be levied beyond the period of 180 days if an EMI
Penal Charges continues to remain outstanding beyond such period of 180 days.
For the avoidance of doubt, it is hereby clarified that the EMI Bounce
Charges and Penal Charges will be calculated on the principal overdue
amount only and shall be levied distinctly and separately from the
components of the principal overdue amount and the loan interest. These
charges are not added to the rate of interest against which the loan has been
advanced and are also not subject to any further interest. Please note that
these charges are calculated in a manner so as to be commensurate to the
default and are levied in a non-discriminatory manner for this loan product.
This EMI Bounce Charge will only apply on the first occurrence of the EMI
EMI Bounce Charges repayment default. It shall be calculated at the lower of: (i)4% of the principal
amount forming part of the bounced EMI or (ii) Rs.500
May be applicable at the discretion of Lender. If the Borrower chooses to foreclose
the loan, the Loan Foreclosure Charges shall be the amount, being the higher of,
Loan Foreclosure Charges (INR)
(i) 4% of the principal amount outstanding as on the date of foreclosure or (ii) Rs.
50
* If the Borrower makes Part-Prepayment of the Loan Amount on any other date
which is not falling on Due Date of the Instalment(not amounting to Foreclosure),
Part Prepayment Charges (INR) the Borrower shall be required to pay Part - Prepayment Charges at 4%, calculated
on the principal amount prepaid, after adjusting any overdue amounts, and/or
upcoming Instalment.
* If the Borrower makes Part-Prepayment of the Loan Amount (not amounting to
Foreclosure), on any Due Date of the Instalment, the Borrower shall be required to
pay Part-Prepayment Charges at 4%, calculated on the principal amount prepaid,
after adjusting any due, and/or overdue amounts.
Retained Processing Fee(INR) 92
(In case of Loan Closure during Cool Off Period)

Particulars Lender LSP

Fair Practices Code https://www.kbnbfc.in/fair-practice-code
Privacy Policy https://www.kbnbfc.in/privacy-policy https://www.kreditbee.in/privacy-policy

Page 8

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST
Terms & Conditions https://www.kbnbfc.in/terms-and-conditions https://www.kreditbee.in/terms-and-conditions

Terms & Conditions:

I, MANOJ KUMAR RAM acknowledge that:

* These are the Key Facts /Most Important Terms & Conditions of the aforesaid Loan, and all other terms and conditions of the Loan
shall be as specified in these Transaction Documents.
* The fees and charges accepted by me under the Transaction Documents may be modified by the Lender in case of any directions/
notification by any of the regulatory authorities and with due notice or intimation following the communication process mentioned in the
Transaction Documents.
* The Lender, acting on its respective sole discretion, shall be entitled to revoke this Sanction Letter, if:
o There is any material change in the purpose for which the Loan has been sanctioned.
o In the sole judgment of the Lender, any material facts have been concealed by me and / or become subsequently known to the
Lender.
o Any statement, declaration, undertaking or disclosure made by me, or on my behalf in the application or otherwise is incorrect,
inaccurate, incomplete or misleading.
o There is a default or a breach of the terms and conditions of this Sanction Letter and the Transaction Documents.
o If there is any bankruptcy or insolvency proceeding filed or admitted against me.
o Relevant documents are not executed by me as per the Lender's policy and format.
* I declare that I am aware that the Key Fact Statement, Sanction Letter, Transaction Documents and other Loan Documents executed
or accepted / to be executed or accepted by me integrate all the conditions mentioned herein or incidental to it, and supersede all
negotiations or prior writings, except for those provisions specified herein. In the event of any conflict between the terms, conditions
and provisions of the sanction letter/ Transaction Documents /other Loan Documents executed incidental thereto with the terms
mentioned herein, then in such an event the terms, conditions and provisions mentioned in the Transaction Documents shall prevail.
* In case I wish to make Part Prepayment of the Loan amount, such Part Prepayment will be subject to the Part Prepayment Charges as
mentioned in the Loan Summary and Transaction Documents along with other conditions, as applicable to such Part Prepayment.
* In case I wish to foreclose the Loan before the due date, such foreclosure will be subject to the Loan Foreclosure Charges as
mentioned in the Loan Summary and Transaction Documents along with other conditions, as applicable to such Foreclosure
* The Borrower agrees that he/she shall be allowed to Foreclose the loan upon payment of the Foreclosure charges as mentioned in
these Transaction Documents.
* I declare that I can read and understand the terms in English and agree to receive all documents/ correspondence in English.
* I understand that the identical products with identical tenor and availed during the same period may attract different interest rates for
different borrowers. Interest rates could vary depending upon consideration of all or combination of multiple factors including but not
limited to the following: historical performance of similar homogeneous clients; profile of the applicant; repayment track record of the
applicant; unsecured loan; loan ticket size; credit rating of the applicant; loan tenor; location delinquency and collection performance;
other indebtedness of the applicant.
* The Borrower understands that the Lender has adopted risk-based pricing, which is arrived by considering, broad parameters like the
my financial and credit risk profile. Hence, the rates of Interest will be different for different categories of borrowers based on the
Interest rate model disclosed in the Interest Rate Policy on the Lender's website.
* The sanction of the above-mentioned Loan and all the terms and conditions mentioned in this Sanction Letter are subject to the
execution of the Transaction Documents in writing in physical or digital form as the Lender may specify in the prescribed formats. This
Sanction Letter intends to summarize certain basic terms of the Loan and does not reflect the complete agreement between the Lender
and me in relation to the Loan which is ultimately reflected in the Transaction Documents
* The Transaction Documents shall contain additional terms and conditions which have not been set out in this Sanction Letter and the
Transaction Documents shall be read together with the terms and conditions specified in this Sanction Letter.
* Disclosure: As a precondition to the Loan to be granted to me by the Lender, the Borrower by accepting this Sanction Letter authorizes,
consents and agrees for the disclosure and sharing by the Lender of all or any information and data relating to the Borrower to the

Page 9

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST
 Reserve Bank of India ("RBI") and/or to the Credit Information Companies (CIC) and/or to any other agency authorized in this behalf by
RBI / CIC, to the Lender respective professional advisers and consultants, to their respective affiliates/ subsidiaries, agents, and to
their respective service providers. In case of default in the repayment of the loan/advances/interest on due dates, the Lender and/or the
RBI / CIC will have an unqualified right to disclose or publish my name as a defaulter in such manner and through such medium as
prescribed under applicable Laws.
* All correspondence shall be sent to the permanent address provided by me unless I have provided any alternate correspondence
address. In the event of any change of my correspondence address, any change in the job/ profession, the same needs to be intimated
by me to the Lender no later than 7 (seven) days from the date of such change. In the event I am not reachable at my correspondence
address, all correspondence and interaction will be undertaken at the permanent address provided by me.
* Confidentiality: This Sanction Letter and its content are intended for my exclusive use and shall not be disclosed by me to any person
other than my legal and financial advisors for the purposes of the availing the Loan unless prior written consent of the Lender has been
obtained in writing.
* Representations and Warranties: Usual and customary for transactions of this nature, including but not limited to maintenance of
existence; notices of default, material litigation; compliance with applicable laws and decrees; payment of taxes; maintenance and
insurance. Further, I hereby also represent and warrant that I am qualified to enter into this Sanction Letter and the terms and
conditions of those Representations and Warranties which are set out in the Transaction Documents.
* Notwithstanding the issuance of this Sanction Letter and the acceptance thereof, the Lender may decide not to disburse the
entire or part of the Loan, repudiate and rescind this Sanction Letter unilaterally.
* The Lender hereby grants a sanctioned amount of INR 3500 to the Borrower(s) valid till dated 17/10/2024

Important Terminologies
1. Annual Percentage Rate (APR): APR is the effective annualized rate charged to the Borrower of a Digital loan. APR shall be based
on an all-inclusive cost and margin including cost of funds, credit cost and operating cost, processing fee, verification charges,
maintenance charges, etc., and exclude contingent charges like EMI Bounce Charges, Penal Charges, etc. The computation
methodology for the APR is provided under Annexure A to the KFS.
2. Cooling-Off Period: A Cooling-Off Period is the time window being provided to the Borrower for exiting the Loan in case the Borrower
decides not to continue with the Loan. In such event, a one-time Processing Fee will be retained by the Lender and an amount
proportionate to the Annualized Fixed Rate of Interest for the period until the closure of the Loan will be charged to the Borrower. In
case of cancellation of Loan during the Cooling-Off Period, the Borrower will not be required to pay any Loan Foreclosure Charges. In
order to know the amount payable, the Borrower has to reach us @ reachus@kbnbfc.in or contact on 080-44292555 / 080-68534555 of
the Lender to know the full fees payable in respect of Loan Foreclosure. Upondetermining the fees, the Borrower has the option to pay it
via post-dated cheques ("PDCs"), Electronic ClearingSystem ("ECS"), National Automated Clearing House ("NACH") instructions/other
mode/instrument ("PaymentInstrument(s)"), as acceptable to the Lender from time to time. In case of usage of any alternative methods
ofpayment, the Loan will stand cancelled only upon actual realization of the full fees payable in respect of LoanForeclosure by the
Lender. The Borrower must ensure that the payment using alternative payment methods isrealized by the Lender during the Cooling-Off
Period, failing which any request for Loan cancellation on accountof usage of such alternative sources of payments will be dealt by the
Lender on a case to case basis. During theCooling-Off period an exit to the sanctioned loan can be availed by paying the principal and
an amountproportionate to Annualized Fixed Rate of Interest without any Foreclosure Charges, however in order to beeligible to return/
cancel the loan amount during the Cooling-Off period, the Borrower will be required to submit a copy of the Bank Statement into which
the said loan amount was disbursed, along with an undertaking that theloan amount was not utilized by the Borrower during the
Cooling-Off period
3. Part Prepayment: In case the Borrower wants to make Part Prepayment of any Loan amount, the Borrower(s) has to write to the
email id at reachus@kbnbfc.in or contact on 080-44292555 / 080-68534555. However, upon determination of the Part-Prepayment
charges payable and Part-Prepayment amount payable, the Borrower(s) has to remit the funds through such online/offline mode as may
be available at the time of such Part-Prepayment.
4. EMI Bounce Charge: This is a Penal Charge levied by the Lender for non-repayment of an EMI on the scheduled date.
5. Foreclosure: Foreclosure of loan refers to the complete repayment of the Loan by the Borrower before the scheduled end of the

Page 10

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST
 Tenure.
6. Credit Information Report Fees: This is an optional charge deducted from the Loan only when the Borrower has requested to
purchase the Credit Information Report via KreditBee platform and has further requested the Lender to deduct the Credit Information
Report Fees from his Loan Amount.
7. Insurance Charge: This is an optional charge deducted from the Loan only when the Borrower hereby gives his/her consent to
purchase the insurance policy being offered by the insurance service provider via KreditBee platform after he/she has read and
understood the terms of the insurance policy as disclosed to the Borrower during the process of application. The Borrower is expected
and advised to have read all the features, benefits, exclusions and claim process of the insurance product and accordingly shall have
voluntarily opted for the same. The Borrower is aware that in case of non-disclosure of material facts or fraud, there would be no refund
of insurance fee paid.
8. Loan Documentation Fees: This is the non-refundable stamp duty payable by the Borrower on Transaction Documents in
accordance with the applicable Laws. The stamp duty shall be deposited to the government at the time of execution of the Transaction
Documents. The Lender is merely acting as a facilitator to make the stamp duty payment on the Borrower's behalf and the Loan
Documentation Fees is the reimbursement by the Borrower to the Lender at cost.
9. Transaction Documents: The Transaction Documents comprise of the Key Fact Statement, the Sanction Letter issued to the
Borrower in relation to this Facility, the Borrower Details, the Loan Summary, General Terms and Borrower Consents and the Loan
Agreement including its annexures, the Most Important Terms and Conditions ("MITC") and other such documents designated by the
Lender as Transaction Documents.
10. Taxes: Unless otherwise mentioned, all fees and charges mentioned herein are exclusive of applicable taxes. All, taxes including
goods and services tax, duties, cess and levies as per applicable law pertaining to the transaction (including on the fees mentioned
above) whether present or in future to be borne by the Borrower
11. Instalment/EMI/EPI: means the amount of monthly payment specified in the Transaction documents necessary to amortize
the Loan with interest over the period of the Loan

Page 11

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST
 Annexure A

Repayment Schedule under Equated Periodic Instalment

Instalment No. Outstanding Principal Principal (in Rupees) Interest (in Rupees) Due Date Instalment
(in Rupees) (in Rupees)
1 3500 847 76 14 Nov 2024 923
2 2653 866 57 14 Dec 2024 923
3 1787 884 39 14 Jan 2025 923
4 903 903 20 14 Feb 2025 923

Page 12

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2024-10-14 17:52:12 IST