Key Fact Statement

Date: 03/01/2024
Name of the Regulated Entity : HDB Financial Services Limited
Applicant Name: Kashyap Bhatt
Finnable Application ID: FN1086977158

Sr. No Parameter Details (given for illustrative computation purposes only)

(I) Loan amount (amount disbursed/to be disbursed to the borrower) (in Rupees) 4,28,882

(II) Total interest charge during the entire tenor of the loan (in Rupees) 2,30,830

(III) Other up-front charges, if any (break-up of each component to be given below) (in 29,430 inclusive of 18% GST
Rupees)

(a) Processing fees, if any (in Rupees) (inclusive of 18% GST) 18,880

(b) Application Fee (non-refundable) (in Rupees) 0

(c) Stamp Duty Charges (in Rupees) 0

(d) Legal Charges (if any) (in Rupees) 0

(e) Insurance Charges, if any (in Rupees) 10,002 inclusive of 18% GST

(f) BPI (in Rupees) 548 (Broken Period Interest)

(IV) Net disbursed amount ((i)-(iii)) (in Rupees) 3,99,452

(V) Total amount to be paid by the borrower (sum of (i), (ii) and (iii)) (in Rupees) 6,89,142

(VI) Annual Percentage Rate - Effective annualized interest rate (in percentage) (computed 27.22 %
on net disbursed amount using IRR approach and reducing balance method)

(VII) Tenor of the Loan (in months/days) 48 months

(VIII) Repayment frequency by the borrower Monthly

(IX) Number of instalments of repayment 48

(X) Amount of each instalment of repayment (in Rupees) 13,744

(XI) Interest Rate (per annum) 22.99% per annum. Interest will be applied on a reducing balance
basis.

Details about Contingent Charges

(XII) Foreclosure Charges 0-6 months: Not Allowed, >6 months: 4.0% of principal outstanding +
Applicable Charges

(XIII) Bounce Charges Rs.450/- per instance of bounce (Inclusive of GST)

(XIV) Rate of annualized penal charges in case of delayed payments (if any) 2% p.a. on Principal Outstanding + Applicable Taxes

(XV) Rate of annualized other penal charges (if any) Nil

(XVI) Cheque Swapping Charges (in Rupees) Nil

(XVII) Collection Charges (in Rupees) Nil

(XVIII) Loan Statement/Repayment Schedule Charges (in Rupees) Nil

(XIX) Loan Cancellation and Rebooking / Reschedulement Charges (in Rupees) Nil

Signed by : Kashyap Bhatt

Reason : Key Fact Statement clickwrap sign by

Signed on : 2024-01-03 20:04:27

Mobile : 9619536444

Registered Office : Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad - 380009

Email ID : https://www.hdbfs.com/customer-services/customer-support/feedback-form
Sr. No Parameter Details (given for illustrative computation purposes only)
Other disclosures
(XX) Cooling off/look-up period during which borrower shall not be charged any penalty on 14 days
prepayment of loan

(XXI) Details of LSP acting as recovery agent and authorized to approach the Borrower Name:Finnable Technologies Private Limited
Address: IndiQube Lakeside, 4th Floor, Municipal
No.80/2, Wing A, Bellandur Village, Varthur Hobli, Bengaluru,
Karnataka – 560103 IN
Telephone No. 9741160321
Email Address: [email protected]

(XXII) Name, designation, address and phone number of nodal grievance redressal officer Mr. HarishKumar
designated of RE specifically to deal with FinTech/ digital lending related complaints/ HDB Financial Services Ltd.
issues New No.128/4F, Old No.53A,
4th Floor, M N Office Complex, Greams Road,
Chennai – 600006
Telephone – 044 42984542
E-Mail : https://www.hdbfs.com/customer-services/customer-
support/gro-escalation

Recovery Mechanism:

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
Installment (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.

Upon the account of the borrower being 1 day past due the details of the borrower shall be shared with our official collection partners the detail of whom shall be shared
with the individual borrower, and the collection agencies shall reach out to the borrower on behalf of the Lender on his registered contact number and/or address. The list
of Collection Agencies engaged are displayed on our website.

In case of any issues regarding any Recovery Practices implemented, a complaint can be raised according to the Grievance Redressal Policy available on the website of the
Company.

For any Grievance you can contact the Nodal Officer of the Lender in the manner specified in the Grievance Redressal Policy of the Company.

Signed by : Kashyap Bhatt

Reason : Key Fact Statement clickwrap sign by

Signed on : 2024-01-03 20:04:27

Mobile : 9619536444

Registered Office : Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad - 380009

Email ID : https://www.hdbfs.com/customer-services/customer-support/feedback-form
 Detailed Repayment Schedule (Illustrative)

Instalment No Outstanding Principal (in Principal (in Rupees) Interest (in Rupees) Instalment (in Rupees)
Rupees)
1 4,28,882 5,527 8,217 13,744

2 4,23,355 5,633 8,111 13,744

3 4,17,722 5,741 8,003 13,744

4 4,11,981 5,851 7,893 13,744

5 4,06,130 5,963 7,781 13,744

6 4,00,167 6,077 7,667 13,744

7 3,94,090 6,194 7,550 13,744

8 3,87,896 6,313 7,431 13,744

9 3,81,583 6,434 7,310 13,744

10 3,75,149 6,557 7,187 13,744

11 3,68,592 6,682 7,062 13,744

12 3,61,910 6,810 6,934 13,744

13 3,55,100 6,941 6,803 13,744

14 3,48,159 7,074 6,670 13,744

15 3,41,085 7,209 6,535 13,744

16 3,33,876 7,347 6,397 13,744

17 3,26,529 7,488 6,256 13,744

18 3,19,041 7,632 6,112 13,744

19 3,11,409 7,778 5,966 13,744

20 3,03,631 7,927 5,817 13,744

21 2,95,704 8,079 5,665 13,744

22 2,87,625 8,234 5,510 13,744

23 2,79,391 8,391 5,353 13,744

24 2,71,000 8,552 5,192 13,744

25 2,62,448 8,716 5,028 13,744

26 2,53,732 8,883 4,861 13,744

27 2,44,849 9,053 4,691 13,744

28 2,35,796 9,227 4,517 13,744

29 2,26,569 9,403 4,341 13,744

30 2,17,166 9,583 4,161 13,744

Signed by : Kashyap Bhatt

Reason : Key Fact Statement clickwrap sign by

Signed on : 2024-01-03 20:04:27

Mobile : 9619536444

Registered Office : Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad - 380009

Email ID : https://www.hdbfs.com/customer-services/customer-support/feedback-form
 Instalment No Outstanding Principal (in Principal (in Rupees) Interest (in Rupees) Instalment (in Rupees)
Rupees)
31 2,07,583 9,767 3,977 13,744

32 1,97,816 9,954 3,790 13,744

33 1,87,862 10,145 3,599 13,744

34 1,77,717 10,339 3,405 13,744

35 1,67,378 10,537 3,207 13,744

36 1,56,841 10,739 3,005 13,744

37 1,46,102 10,945 2,799 13,744

38 1,35,157 11,155 2,589 13,744

39 1,24,002 11,368 2,376 13,744

40 1,12,634 11,586 2,158 13,744

41 1,01,048 11,808 1,936 13,744

42 89,240 12,034 1,710 13,744

43 77,206 12,265 1,479 13,744

44 64,941 12,500 1,244 13,744

45 52,441 12,739 1,005 13,744

46 39,702 12,983 761 13,744

47 26,719 13,232 512 13,744

48 13,487 13,487 257 13,744

Please note that this Key Fact Statement and the repayment schedule is for the purpose of illustrative computation only, as it is issued before the formation of the loan
contract. Depending upon the actual amount and date of disbursement after the formation of the loan contract, there will be corresponding changes in the details of the
parameters listed in the Key Fact Statement and also the repayment schedule (including pre-EMI details, if applicable) which will be issued post loan disbursement and this
will be made available in the App.

Signed by : Kashyap Bhatt

Reason : Key Fact Statement clickwrap sign by

Signed on : 2024-01-03 20:04:27

Mobile : 9619536444

Registered Office : Radhika, 2nd Floor, Law Garden Road, Navrangpura, Ahmedabad - 380009

Email ID : https://www.hdbfs.com/customer-services/customer-support/feedback-form