This KFS is valid for a period of 10 days* (for offline channels)
1 Loan Proposal/ account US0001221917 Type of Loan : Personal Loan
No. 2 Sanctioned Loan amount (in Rupees) 700000 3 Disbursal schedule 100% upfront i.Disbursement in stages or 100% upfront. ii.If it is stage wise, mention the clause of loan NA agreement having relevant details 4 Loan term (year/months/days) 60 5 Instalments details Type of instalments Number of EPIs EPI (Rs.) Commencement of repayment, post sanction Monthly 60 15915 49 days 6 Interest rate (%) and type (fixed or floating or 12.700001 hybrid) Fixed 7 Additional Information in case of Floating rate of NA interest Reference Benchmark Spread (%) Final rate Reset periodicity Impact of change in the reference Benchmark rate (%) (B) (S) (%) R = (B) (Months)2 benchmark (for 25 bps change in 'R' + (S) change in :)3 B S EPI (Rs. ) No. of EPls
8 Fee / Charges 4 (Deducted from loan amount)
Payable to the RE (A) Payable to a third party through RE (B) One-time/ Amount (in Rs.) or One time Amount (in Rs.) or Recurring Percentage (%)5 /Recurring Percentage (%)5 (i) Processing fees One-time 8499 (applicable for PL) (ii) Insurance charges (iii) Valuation fees (iv) Other charges (if - applicable) 9 Annual Percentage Rate (APR)6 (%) 13.52 10 Details of Contingent Charges (in Rs. or %, as applicable) (i) Penal charges, if any, in case of delayed/late payment. 5% per annum (ii) Other penal charges, if any a) Dishonor of Cheque/AD/NACH per transaction 500
b) Non-Maintenance of Mode of Payment charges (NMMP) 800
(iii) Foreclosure charges, if applicable (chargeable on principal outstanding)
Prepayment of the loan is possible any time during loan tenure
after payment of 1 EMI with applicable foreclosure charges 3 % on principal outstanding, if foreclosed before 12 EMIs Nil After 12 paid EMIs. Nil Eligible Micro and Small enterprises with loan amount <=50 Lakhs ( subject to URC submission ). (iv) Charges for switching of loans from floating to fixed rate and vice versa NA (v) Any other charges (please specify) Cash Transaction 100 Charges 200 (For Physical copy) Charges for Amortization Schedule 250 Charges for Duplicate No Objection / No Dues Certificate 200 (For Physical copy) Charges for prepayment / foreclosure statement 200 (For Physical copy) Charges for Revalidation of No Objection Certificate 250
Loan cancellation charges within freelook / Cooling off period period(15 2500 days)
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 Annex B
* Subject to change in the benchmark rate from time to time.
Note - Goods and Services Tax (GST) and other Govt. taxes, levies, etc. applicable as per prevailing rate will be charged over and above the mentioned charges.
Part 2 (Other qualitative information)
1 Clause of Loan agreement relating to ICICI Bank shall be entitled, at the sole risk and cost of engagement of recovery agents the Borrower/s, to engage one or, more person(s) to collect the Borrower/s’ Dues and/or to enforce any security provided by the Borrower/s, and ICICI Bank may (for such purposes) furnish to such person(s) such information, facts and figures pertaining to the Borrowers, the security and/or the Product(s) as ICICI Bank deems fit. ICICI Bank may also delegate to such person(s) the right and authority to perform and execute all acts, deeds, matters and things connected therewith, or incidental thereto, as ICICI Bank deems fit. 2 Clause of Loan agreement which details ICICI Bank follows a three-level grievance redressal grievance redressal mechanism mechanism that is available on the website of the Bank. For details, please visit our website www.icicibank.com and navigate to -Home > Contact Us > Queries /Complaints 3 Phone number and email id of the nodal +91-22-39337979 grievance redressal officer7 Email id for off- line Channels – pno@icicibank.com
Email id in Case of Digital Loan -
digitallending@icicibank.com 4 Whether the loan is, or in future maybe, Yes subject to transfer to other REs or securitization (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 proportion of Blended rate with its funding proportion funding Blended rate of interest of interest
6 In case of digital loans, following specific disclosures may be furnished:
i Cooling off/look-up period, in terms of RE's board 15 days from disbursal date approved policy, during which borrower shall not be charged any penalty on prepayment of loan ii Details of LSP acting as recovery agent and No recovery agent is assigned for loan account. In authorized to approach the borrower case any recovery agent is assigned then particulars of such recovery agent will be communicated before the recovery agent contacts for recovery. 7 RE may furnish generic email id, provided a response is made within 1 working day
Definitions: Annual Percentage Rate (APR) is the annual cost of credit to the borrower which includes interest rate and all other charges associated with the credit facility. Equated Periodic Instalment (EPI) is an equated or fixed amount of repayments, consisting of both the principal and interest components, to be paid by a borrower towards repayment of a loan at periodic intervals for a fixed number of such intervals; and which result in complete amortisation of the loan. EPIs at monthly intervals are called EMIs
I/We acknowledge that:
1. I/We have not made any payment in cash, bearer cheque or kind along with or in connection with this application to the executive collecting my/our application form 2. The sanction under the Facility, if and when sanctioned, shall be governed by the terms and conditions applicable there to and it shall be my/our responsibility to obtain the copy and read the same 3. ICICI Bank follows defined instalment due date on a fixed day of each month which is decided on the basis of the date on which loan is disbursed. Accordingly, accounting reconciliations would be suitably effected at the time of payment of the last Instalment. Instances wherein Disbursement is delayed the Instalment amount may change accordingly. 4. ICICI Bank has an unconditional right to cancel the outstanding un-drawn commitments under the Transaction Documents at any time during the currency of the facility and that ICICI Bank shall endeavor to provide prior intimation of the same to me/us. 5. No request for revalidation of balance transfer cheques towards personal/business instalment loans shall be accepted by ICICI Bank beyond 90 days from the issuance of the aforesaid cheques. In such cases, ICICI Bank shall initiate request for part-payment of the equivalent amount to the concerned loan account in accordance with its internal policies. 6. The security mandate collected would be sent to your bank for registration. Please note that the security mandate shall be banked only in case of default in your loan repayment.
For detailed privacy policy of ICICI bank, please visit https://www.icicibank.com/privacy.page
Annex B
Actual Computation of APR for the loans
Sr. Parameter Details
No. 1 Sanctioned Loan amount (in Rupees) ( SI no. 2 of the KFS template- Part 1) 700000 2 Loan Term (in years/ months/ days) (SI No.4 of the KFS template- Part 1) 60 In 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) and 15915 nos. of EPls (e.g., no. of EMls in case of monthly instalments) 60 In (SI No. 5 of the KFS template- Part 1) months c) No. of instalments for payment of capitalised interest, if any NA d) Commencement of repayment post sanction (SI No. 5 of the KFS template- Part 1) 49 days 3 Interest rate type (fixed or floating or hybrid) (SI No. 6 of the KFS template- Part 1) Fixed 4 Rate of interest (SI No. 6 of the KFS template- Part 1) 12.700001 5 Total Interest Amount to be charged during the entire tenor of the loan as per the rate 254794 prevailing on sanction date (in Rupees) 6 *Fee/ Charges payable (in Rupees)8 A Payable to the RE (SI No.8A of the KFS template-Part 1) 8499 B Payable to third-party routed through RE (SI No.8B of the KFS template -Part 1) NA 7 a. Disbursed amount (1-6) (in rupees) for APR calculation (excluding stamp duty 691501.0 charges)
b. **Net disbursed amount(in Rupees) 691501.0
8 Total amount to be paid by the borrower (sum of 1 and 5) (in Rupees) 9 954794.0 9 Annual Percentage rate- Effective annualized interest rate10 (in percentage) (SI No.9 of 13.52 the KFS template-Part 1) 10 Schedule of disbursement 100% upfront 11 Due date of payment of instalment and interest 05/02 /2025
8Where such charges cannot be determined prior to sanction, REs may indicate an upper ceiling
9The difference in repayment amount calculated from the total of instalments given under the detailed repayment schedule i.e Rs. 954900.0 (=15915 *60 )_vis-a-vis the amount of Rs.954794.0 (Rs.700000 (loan amount) + Rs.254794 (Interest charges) mentioned under (8) is due to rounding off the instalment amount of Rs.15915 to Rs.15915 under the detailed repayment schedule 10Computed on net disbursed amount using IRR approach and reducing balance method
*For upfront fees/charges which are deducted from disbursement amount , please refer Annex A , Sr no 8 (Fees/ Charges) **Fees/Charges wherever paid by customer through cheque/online/any other mode, these fees /charges are not considered for the computation of Sr no 7C (Net disbursed amount) & Sr no 8 (Total amount to be paid by the borrower) Annex C
Repayment Schedule under Equated Periodic instalment for the loan as per Annexure B
Instalment Outstanding Principal (in Principal (in Interest (in Instalment (in No. Rupees) Rupees) Rupees) Rupees)
I hereby confirm that I have received a copy of duly filled Key Fact Statement as above Name of Applicant Signature of Applicant PALLAVI GHOSH Name of Co-Applicant Signature of Co-Applicant
