Welcome Letter

MR HIRPARA MANUBHAI Contact Centre Numbers

1860 267 7777

+91 2244066666
SURAT
Date : 23-Sep-2023

Loan Account Number : 723003000838 & Customer ID : 57193798

Dear MR HIRPARA MANUBHAI
At the outset we thank you for choosing IndusInd Bank Limited for your Personal Loan requirement.
Details of your Personal Loan Account are as follows:

Loan Amount Sanctioned : Rs. 500000.00

Account Open Date : 22-Sep-2023
Loan Amount Disbursed : Rs. 500000.00
Deductions
1) Stamp Duty : Rs. 300.00
2) Processing Fee : Rs. 5900.00
(Incl of appl.tax)
3) Insurance Premium : Rs. 0.00
Net Amount Disbursed : Rs. 493800.00
Type of Interest Rate : Fixed
Effective Rate : 14.49 %
Term : 48 Months
First EMI Date : 04-Oct-2023
EMI Amount : Rs. 13786.00
Foreclosure charge : 4% of amount prepaid, allowed only after repayment of
12 EMI's.

Please note as per the terms and conditions of the loan executed between you and IndusInd Bank Limited,
repayment of the loan will be through EMI's comprising principal and interest. As stated in the loan agreement,
all dues would be required to be paid by the respective due date as printed in the enclosed repayment schedule
applicable to your loan. The installment cheque / ECS / SI will be banked on these due dates. Please ensure
your account is adequately funded on the payment due date.

The Bank reserves the right to recover all taxes, duties and levies under the applicable laws as at be amended
from time to time.

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Please also note that in the attached repayment schedule, the last EMI may vary on account of adjustment of interest accrued
from the date of disbursal to the first EMI.

We request you to inform us of any change in your contact details, e-mail id or mobile number to ensure any communication on
your account reaches your correctly all times. This can be done by making a formal request to our customer service email id
reachus@indusind.com.

You may also contact your nearest branch for assistance / query that you may have. Kindly quote your loan account number in
future correspondences with us.

For any clarification / complaints, request you to please call our 24 hour phone banking service at 1860 267 7777 / +91 22
44066666 or email us at reachus@indusind.com or write to us at

IndusInd Bank Ltd.

Opus Center ,47, Central Road
Opposite Tunga Paradise Hotel,
MIDC, Andheri East, Mumbai 400 093

In case, you do not receive a response within 7 working days to your query / grievance (if any), you may approach Customer
Service / Nodal Officer, details of which are displayed at the IndusInd Bank Branches. The details are also available on website
of the Bank for escalation (if any).

Assuring the best of our services Thanking you

IndusInd Bank Limited

Enclosed
1. Key Fact Statement
2. Repayment Schedule

-- This is a computer-generated letter and does not require a signature --

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 Key Fact Statement (KFS) - Personal Loan

Customer Name: MR HIRPARA MANUBHAI Application No./LAN No. 723003000838

Generated Date: 23-Sep-2023

S. No. Parameter Details

Loan amount (amount disbursed/to be disbursed to the
(i) 500000.00
borrower) (in Rupees)
Total interest charge during the entire tenor of the loan (in
(ii) 1,55,359
Rupees)
Other up-front charges, if any (break-up of each component to
(iii) 6200
be given below) (in Rupees)
(iii a) Processing fees, if any (in Rupees) 5900.00
(iii b) Insurance charges, if any (in Rupees) 0.00
(iii c) Stamp Duty (in Rupees) 300.00
(iv) Net disbursed amount ((i) - (iii)) (in Rupees) 493800.00
Total amount to be paid by the borrower (sum of (i), (ii) and
(v) 661559.00
(iii)) (in Rupees)
Interest chargeable (In case of Fixed Rate Loans) (For Loans
(vi) up to 36 months, applicable rate would be MCLR plus 14.49 %
corresponding tenor premium + Margin)
Annual Percentage Rate - Effective annualized interest rate (in
(vii) percentage) (computed on net disbursed amount using IRR 15.14%
approach and reducing balance method)
(viii) Tenor of the Loan (in months/days) 48 months
(ix) Repayment frequency by the borrower Monthly
(x) Number of instalments of repayment 48
(xi) Amount of each instalment of repayment (in Rupees) 13786.00
Details about Contingent Charges
In case of delayed payments,
(xii) Penalty for Delayed Payments interest would be charged on daily
basis
(xiii) Payment Dishonour Charges Rs.450/-*
(xiv) Delayed EMI Payment Charges Rs.150/-*
(xv) Duplicate Statement Issuance Charges Rs.250/-*
(xvi) Cheque / ECS / SI Swapping Charges Rs.500/-*
(xvii) Duplicate No Dues Certificate Rs.250/-*
(xviii) Duplicate Amortization Schedule Charge Rs.250/-*
(xix) Loan Re-booking / Rescheduling Charges Rs.1000/-*
(xx) Loan Cancellation Charges Rs.1000/-*
(xxi) Issuance Charges for photocopy of Loan Agreement Rs.250/-*
(xxii) CIBIL Report Charges Rs.50/-*
(xxiii) Legal Charges As per actuals (incl. GST)

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 4% * of amount prepaid allowed
(xxiv) On Foreclosure
only after repayment of 12 EMI's.
Other Disclosures
Cooling off/look-up period during which borrower shall not be 7 calendar days from the date of
(xxv)
charged any penalty on prepayment of loan loan disbursement
IndusInd Bank and its
Details of LSP acting as recovery agent and authorized to representatives -
(xxvi)
approach the borrower https://www.indusind.com/in/en/pers
onal/collection-agencies.html
Mr. Rakesh Ranjan
Executive Vice President & Principal
Nodal Officer
Name, designation, address and phone number of nodal IndusInd Bank Ltd. PNA House, 2nd
(xxvii) grievance redressal officer designated specifically to deal with Floor, Plot No 57, Near Datamatics
FinTech/digital lending related complaints/issues 701,Street No 17, Andheri East,
Mumbai 400093
E-mail: nodal.officer@indusind.com
Tel. No.: (022) 68779659

*plus applicable taxes, per event

Please visit the following links for any clarification that you may require -
l FAQ - https://www.indusind.com/in/en/personal/loans/personal-loan.html

l Privacy Policy - https://www.indusind.com/in/en/personal/privacy-policy.html

l Recovery Mechanism - https://www.indusind.com/content/dam/regulatoryDisclosure/customer-policy/

Policy-on-collection-of-Dues-and-repossession-of-security.pdf
l Terms & Conditions - Please refer to the agreement

l Grievance Redressal - https://www.indusind.com/in/en/personal/grievance-redressal.html

For any further assistance, please contact our Phone Banking Numbers: 1860 267 7777/ +91 22 4220 7777
or visit www.indusind.com or write to us at reachus@indusind.com

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 Detailed Repayment Schedule

Outstanding
Principal (in Principal (in Interest (in Instalment (in
Instalment No.
Rupees) Rupees) Rupees) Rupees)

1 500000 11404 2382 13786

2 488596 7773 6013 13786
3 480823 8060 5726 13786
4 472763 7969 5817 13786
5 464794 8082 5704 13786
6 456712 8542 5244 13786
7 448170 8286 5500 13786
8 439884 8561 5225 13786
9 431323 8492 5294 13786
10 422831 8764 5022 13786
11 414067 8704 5082 13786
12 405363 8811 4975 13786
13 396552 9076 4710 13786
14 387476 9031 4755 13786
15 378445 9291 4495 13786
16 369154 9254 4532 13786
17 359900 9357 4429 13786
18 350543 9889 3897 13786
19 340654 9594 4192 13786
20 331060 9843 3943 13786
21 321217 9833 3953 13786
22 311384 10078 3708 13786
23 301306 10078 3708 13786
24 291228 10202 3584 13786
25 281026 10439 3347 13786
26 270587 10456 3330 13786
27 260131 10688 3098 13786
28 249443 10716 3070 13786
29 238727 10848 2938 13786
30 227879 11253 2533 13786
31 216626 11120 2666 13786
32 205506 11339 2447 13786
33 194167 11396 2390 13786
34 182771 11609 2177 13786
35 171162 11680 2106 13786
36 159482 11823 1963 13786
37 147659 12027 1759 13786
38 135632 12117 1669 13786
39 123515 12315 1471 13786
40 111200 12418 1368 13786
41 98782 12570 1216 13786
42 86212 12828 958 13786
43 73384 12883 903 13786
44 60501 13065 721 13786
45 47436 13202 584 13786
46 34234 13378 408 13786
47 20856 13529 257 13786
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48 7327 7327 90 7417

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