BAJAJ FINANCE LIMITED ("BFL")
Date
25-Dec-2023
Reference Number
31JRDPJZ579186
Customer Name
kapil chouhan
Subject: Important update – Iteration of Key Fact Statement
Dear Mr/Mrs kapil chouhan
We value your relationship with Bajaj Finance Limited (“BFL”).
BFL strives to deliver financial services with a customer centric approach and in a transparent manner.
While BFL apprised you with all relevant information before disbursal of loan, this communication is to iterate
your Key Fact Statement (KFS) which includes Repayment Schedule. This KFS provides details of key
sanction terms and conditions of your loan as per RBI guidelines. It supersedes all prior KFS communication
and which may be preserved for future reference at your end.
To access your KFS & Repayment schedule, you may please scroll down this document.
Thanking you,
Bajaj Finance Ltd.
Best Regards,
Authorised Signatory,
Bajaj Finance Ltd.
KEY FACT STATEMENT: CONSUMER LOAN
Sr
Parameter Details
No
1 Gross Loan Amount ₹54,999.00
2 Advance EMI collected ₹6,875.00
3 Loan Amount (No 1) - (No 2) (amount to be disbursed to dealer on ₹48,124.00
behalf of borrower)
4 Annualized Rate of Interest 0%
5 Total interest charge during the net tenure of the loan (1) ₹0
6 Upfront charges/Interest borne by customer (break-up of each ₹516.00
component given below)
Processing fees ₹117.00
Upfront Interest ₹282.00
Convenience Fees ₹117.00
Transaction Fees ₹0
Mandate Registration Fees ₹0
Credit Suraksha Fees ₹0
Loan Enhancement Fees ₹0
7 Net loan amount for APR (No 3) - (No 6) (1) ₹47,608.00
8 Total Amount to be paid by borrower towards loan (No 3) + (No 5) + ₹48,640.00
(No 6) (1)
9 Annual Percentage Rate - Effective annualized interest rate (in 3.24%
percentage) (computed on net loan amount (No. 7) using IRR approach
and reducing balance method) (%) (1)
10 Optional value added products/services opted by the borrower (Not ₹46.00
part of APR)
EMI Network card charges ₹0
Health EMI Network card charges ₹0
Sr
Parameter Details
No
Add on EMI Network card charges ₹0
CTR charges ₹46.00
11 Subvention received from Dealer/Manufacturer/Partner ₹3,998.00
12 Gross tenure of the Loan (in months) 8
13 Net tenure of the Loan (in months) 7
14 Repayment frequency by the borrower Monthly
15 Number of instalments of repayment 7
16 Amount of each instalment of repayment ₹6,874.86
17 Details about Contingent Charges
Part Pre-Payment Charges NIL
Full Pre-Payment Charges (Foreclosure Charges) NIL
Bounce Charges (for each default in repayment of instalment) ₹500
Annualised Penal Interest for delay in payment of 42.00%
monthly instalments (if any)
Mandate Rejection Charges (For mandate rejected ₹450.00
by the customer's bank, to be charged for each month from
1st instalment until a mandate is registered)
18 Other Disclosures
a Cooling off/Look-up period during which borrower shall not be charged any penalty on
prepayment of loan (2) :
3 days from the date of disbursal.
For cancellation of your loan, you can call us on 8698010101, or write to us at
wecare@[Link]
b Details of Lending Service Provider acting as recovery agent and authorized to approach the
borrower:
LSP is not acting as recovery agent.
The details of the recovery agent authorized to collect on behalf of Bajaj Finance Ltd. will be
intimated to you at the time of recovery collection. List of authorised associates empanelled for
handling collections are updated on BFL's website, for reference: [Link]
partners-for-debt-management-services
Sr
Parameter Details
No
c Name, designation, address, phone number and email id of Nodal Grievance Redressal Officer
of lender:
Name: Manish Bhargav
Designation: Chief Operations Officer
Address: Bajaj Finserv Corporate Office, Viman Nagar, Pune, Maharashtra - 411014
Phone number: 022-41803901
Email id: grievanceredressalteam@[Link]
d Privacy policy covering scope and type of information collected by the lender:
BFL's Privacy Policy
REPAYMENT SCHEDULE (3)
Instl No. Opening Principal Instl Amt Principal Interest Closing Principal
1 48,124.00 6,874.86 6,874.86 0 41,249.14
2 41,249.14 6,874.86 6,874.86 0 34,374.28
3 34,374.28 6,874.86 6,874.86 0 27,499.42
4 27,499.42 6,874.86 6,874.86 0 20,624.56
5 20,624.56 6,874.86 6,874.86 0 13,749.70
6 13,749.70 6,874.86 6,874.86 0 6,874.84
7 6,874.84 6,874.84 6,874.84 0 0
(1) Actual interest calculation would change based on days gap between date of loan disbursement and first due date of
instalment basis below scenario:
i) Scenario 1 - if gap is more than 30 days then Broken Period Interest/Pre-instalment Interest would be
deducted from amount finance or added to the first instalment amount.
ii) Scenario 2 - if gap is less than 30 days then interest of the first instalment will be charged for actual number
of gap days.
(2) BFL provides an explicit option to the borrower to exit loan within the Cooling off/Look-up period, by repaying the
principal amount and the proportionate Annual Percentage Rate (APR) without any penalty during the said period.
Stamp duty, GST and other statutory charges/taxes levied/collected will not be refunded.
(3) The repayment schedule is for illustrative purpose. There might be a difference in the actual repayment amount due
to rounding off the instalment amount vis-à-vis the instalment amount mentioned in the Key Fact Statement.
BFL/CF/Dig/KFS/English/2023/Dec/V1
