Key Fact Statement

Date: 23-12-2023
Lender’s Name: EarlySalary Services private limited

Applicant Name: SURESH SRINIVASA KUMAR KOLLUTLA

Sr. No. Parameter Details
(i) Loan amount (in Rupees) 107742.00
Interest amount (in Rupees) 11553.00
(ii)
Total interest charge during the entire tenure of the loan (in Rupees) 11553.00
(a)
Broken period interest (in Rupees) 0.00
(b)
(iii) Other up-front charges (break-up of each component to begiven
0.00
below) (in Rupees)
(a) Processing fees (in Rupees) 0.00
(b) Insurance charges, if any (in Rupees) 0.00
(c) Others (if any) (in Rupees) (details to be provided) 0.00
(c1) GST (in Rupees) 0.00
(c2) Stamp Duty (in Rupees) 0.00
(iv) Net disbursed amount ((i)-(ii(b))-(iii)) (in Rupees) 107742.00
Total amount to be paid by the borrower (sum of (i) and (ii(a))) (in
(v) 119295.00
Rupees)
Annual Percentage Rate - Effective annualized interest rate (in percentage)
(vi) (Computed on net disbursed amount using IRR approach and reducing 18.00%
balance method)
(vii) Tenor of the Loan (in months) 12
(viii) Repayment frequency by the borrower Monthly
(ix) Number of instalments of repayment 12
(x) Amount of each instalment of repayment (in Rupees) 9878.00
Details about Contingent Charges
(xi) Rate of annualized penal charges in case of delayed payments (if any) 30.00%
(xii) Rate of annualized other penal charges (if any); (details to be provided) 36.00%
(xiii) Prepayment charges, if any NA
(xiv) Penal Interest, in case of delayed payments 30.00
500+GST or 3% of overdue
(xv) Late Payment charges in case of delayed payment whichever is higher
(xvi) NACH registration failure charges 250+GST
(xvii) NACH/e-mandate bounce charges 500
Other disclosures
(xviii) Cooling off/look-up period (in days) during which borrower shall not be
charged any penalty on prepayment of loan 5
(xix) Details of LSP acting as recovery agent and authorized to approach the Social Worth
borrower Technologies Pvt Ltd

Digitally signed by Vimal Saboo

Date: 2023.12.23 05:13:34 UTC
Location : Pune
Authorised Signatory: On behalf of
ESPL

EARLYSALARY SERVICES PRIVATE LIMITED

(FORMERLY KNOWN AS ASHISH SECURITIES PRIVATE LIMITED)
Registered Office: Unit No. 404, The Chambers, Viman Nagar, Pune – 411014, Maharashtra, India. CIN: U67120PN1994PTC184868
Email: care@fibe.in, Contact No.: 020-67639797, Website: www.fibe.in
(xx) Name, designation, address and phone number of nodal grievance Mr. Amit Nosina (ASPL -
redressal officer designated of RE specifically to deal with FinTech/ digital GRO) 404, The Chambers,
lending related complaints/ issues Viman Nagar Pune, 411014
02067639797

(xxi) Name, designation, address and phone number of nodal grievance Mr Ankit Sundriyal(GRO)
redressal officer designated of LSP specifically to deal with FinTech/ 404,Social Worth
digital lending related complaits/ issues - Technologies Pvt Ltd,The
Chambers,Viman
Nagar,Pune-411014
02067639797

Digitally signed by Vimal Saboo

Date: 2023.12.23 05:13:34 UTC
Location : Pune
Authorised Signatory: On behalf of
ESPL

EARLYSALARY SERVICES PRIVATE LIMITED

(FORMERLY KNOWN AS ASHISH SECURITIES PRIVATE LIMITED)
Registered Office: Unit No. 404, The Chambers, Viman Nagar, Pune – 411014, Maharashtra, India. CIN: U67120PN1994PTC184868
Email: care@fibe.in, Contact No.: 020-67639797, Website: www.fibe.in
 Detailed Repayment Schedule

Installment No. DUE DATE PRINCIPAL INTEREST EMI AMOUNT IN

AMOUNT IN RS AMOUNT IN RS RS
1 2024-02-05 7615.00 2263.00 9878.00
2 2024-03-05 8376.00 1502.00 9878.00
3 2024-04-05 8502.00 1376.00 9878.00
4 2024-05-05 8629.00 1249.00 9878.00
5 2024-06-05 8759.00 1119.00 9878.00
6 2024-07-05 8890.00 988.00 9878.00
7 2024-08-05 9023.00 855.00 9878.00
8 2024-09-05 9159.00 719.00 9878.00
9 2024-10-05 9296.00 582.00 9878.00
10 2024-11-05 9436.00 442.00 9878.00
11 2024-12-05 9577.00 301.00 9878.00
12 2025-01-05 10480.00 157.00 10637.00

Digitally signed by Vimal Saboo

Date: 2023.12.23 05:13:35 UTC
Location : Pune
Authorised Signatory: On behalf of
ESPL

EARLYSALARY SERVICES PRIVATE LIMITED

(FORMERLY KNOWN AS ASHISH SECURITIES PRIVATE LIMITED)
Registered Office: Unit No. 404, The Chambers, Viman Nagar, Pune – 411014, Maharashtra, India. CIN: U67120PN1994PTC184868
Email: care@fibe.in, Contact No.: 020-67639797, Website: www.fibe.in
• The Borrower may note that Social Worth Technologies Private Limited shall be the Lending
Services Provider for the Lender and EarlySalary Mobile Application shall be the Digital
Lending App for all purposes.
• The Borrower can within the cooling-off/ look-up period exits the loan by paying the principal
and the proportionate APR without any penalty.
• 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 Instalment (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.
• To further clarify this following is an illustrative example of the way any account shall be
classified as NPA:
• If due date of a loan account is March 31st, 2021, and full dues (Principal and Interest) are not
received before running of the day-end process on 31st March 2021, the date of overdue shall
be considered to be March 31st, 2021.
• If the account continues to remain overdue, then the account shall get tagged as SMA-1 upon
running day-end process on April 30th, 2021, i.e., upon completion of 30 days of being
continuously overdue. Accordingly, the date of SMA-1 classification for that account shall be
April 30th, 2021.
• Similarly, if the account continues to remain overdue, it shall get tagged as SMA-2 upon
running day-end process on May 30th, 2021, and if it continues to remain overdue further, it
shall get classified as NPA upon running day-end process on June 29th, 2021, i.e., upon
completion of 90 days.
• 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 and the website of the LSP.
• 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 RE.
• For any Grievance you can contact the Nodal Officer of the Lender in the manner specified in
the Grievance Redressal Policy of the RE.

Digitally signed by Vimal Saboo

Date: 2023.12.23 05:13:35 UTC
Location : Pune
Authorised Signatory: On behalf of
ESPL

EARLYSALARY SERVICES PRIVATE LIMITED

(FORMERLY KNOWN AS ASHISH SECURITIES PRIVATE LIMITED)
Registered Office: Unit No. 404, The Chambers, Viman Nagar, Pune – 411014, Maharashtra, India. CIN: U67120PN1994PTC184868
Email: care@fibe.in, Contact No.: 020-67639797, Website: www.fibe.in