Key Fact Statement-Part A

A) DETAILS OF FEE

Name of the Lender KrazyBee Services Private Limited

Name of the Borrower Sanjay Jadoosingh
Name of the Lending Service Provider (LSP) Finnovation Tech Solutions Private Limited
Name of the Digital Lending Application (DLA) KreditBee
Purpose of the Loan Personal reason
Loan Amount (INR) 45000
Annualized Fixed Rate of Interest: 25%
(% Per Annum)
Total interest charged during the entire tenure 4632
of the loan (INR)
Tenure (In Months) 9 months
No. of Instalments 9
Amount of EMI Payable (INR) 5535
Fees (Below Fees are exclusive of GST)
Processing Fees (INR) 562
One-Time Onboarding Fees (INR) NIL
Loan Document Fees (INR)* 20
Credit Reassessment Fees (INR) 338
Document Collection Fees (INR) NIL
May be applicable at the discretion of Lender(s). If charged, the prepayment fees shall be
Part Prepayment/ levied on the interest chargeable by the Lender(s) and will be equal to the total interest
payable on the principal amount being prepaid,
such interest being calculated for the duration between the date of prepayment and the date
Pre-closure Fees (INR) on which such interest would have become due and payable under these Transaction
Documents.
May be applicable at the discretion of Lender(s).
If the Borrower chooses to foreclose the loan, the foreclosure charges will be applicable in the
following manner:
1. Loan Foreclosure date during the lock in period - If the loan is closed by the Borrower
during the lock in period, foreclosure charges, if charged, shall be the amount, being the
Loan Foreclosure Charges (INR) higher of, (i) 2% of the Principal amount remaining after the expiry of the Lock In period or (ii)
Rs. 25
2. Loan Foreclosure date after the lock in period - If the loan is closed by the Borrower after
the expiry of the lock in period, foreclosure charges if charged, shall be the amount, being the
higher of, (i) 2% of the Principal amount remaining as on the due date of the subsequent EMI
from the date of foreclosure or (ii) Rs. 25
For UPI and Bank transfer modes: NIL
Repayment Convenience Fees (INR) For Biller payment mode: 9 (inclusive of GST)
For other modes: As per payment gateway fees
Insurance Facilitation Fees (INR) NIL
Credit Information Report Fees (INR) NIL
Penalty Fees applicable on repayment post due date per day for each
instalment:

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2023-10-13 08:09:23 IST
Annualized Late Payment Fees (INR):

First Overdue Day penalty fees - 4% of the Principal outstanding

overdue* amount or Rs.500, whichever is lower

Penalty fees for 2-180 days shall be calculated at an

annualized rate of 36% p.a which will be applicable
per day on principal outstanding overdue* amount
*round to nearest rupee
NACH/ECS Dishonor Fees (INR) 100
All taxes including goods and services tax, duties, cess and levies as
per applicable law pertaining to the transaction (including on the fees
Taxes & Levies
mentioned above) whether present or in future to be borne by the
Borrower.
Net disbursed amount (INR) 43918
Total amount to be paid by the Borrower 49632
Annual Percentage Rate (% Per Annum) 30.2
Cooling-Off period** 3 days
Retained Processing Fee***(INR) 562
(In case of Loan Closure during Cool Off Period)
Lock In Period**** (In Months) 5

* Loan Document Fees shall be the stamp duty payable by the Borrower in accordance with the applicable Laws
inrespect of the Transactions Documents. The Stamp Duty shall be deposited to the government at the time of
execution of the Transaction Documents and is non refundable We are authorized to make payment for the stamp
paper purchased on behalf of you (customer) and the same shall be re-imbursed at cost.

** A period of time from the date of disbursement of loan within which the borrower can change her/ his mind with
return or cancellation of the loan, by paying the principal and the proportionate APR without any prepayment
fees.

*** A one time flat processing fee will be retained by the Lender in case the Borrower opts to close the loan during the
Cool-off Period.

During the Cool-off Period, the Customer has the option to foreclose the Loan by paying the complete Loan Amount.
In such event, a one time processing fee will be retained by the Lender and an amount proportionate to the APR for
the period until the closure of the Loan will be charged to the Customer.In order to know the amount payable, the
Customer has to click on the "Loan Foreclosure" tab on the KreditBee app to know the full fees payable in respect of
Loan Foreclosure. However, upon determining the fees, the Customer has the option to pay either (i) directly via
KreditBee app by pressing and processing with the "Loan Foreclosure" option or (ii) use any alternate payment
methods available on the KreditBee app to pay the corresponding amount.

**** The Borrower agrees that he/she shall be allowed to Foreclose the loan upon payment of the Foreclosure charges
as mentioned in these Transaction Documents. Provided that such foreclosure shall be subject to a Lock In period of
5 months.

It is agreed by the Borrower that he/she will be allowed to foreclose the loan before the Lock In Period upon
successful payment of the instalment that would have been due by the Borrower during the Lock In Period and any
other conditions that may be imposed upon the discretion of the Lender.

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2023-10-13 08:09:23 IST
B) GRIEVANCE REDRESSAL MECHANISM

Lender Grievance Redressal Officer (GRO) Nodal Officer

Mr. Sauraw Kumar Mr. Ajeet Kumar
Address: 3rd Floor, No. 128/9, Maruthi Sapphire, HAL Address: 3rd Floor, No. 128/9, Maruthi Sapphire, HAL
Airport Road Murgesh Palya, Bangalore, Airport Road Murgesh Palya, Bangalore,
Karnataka -560017 Karnataka -560017

And also at:

KRD Gee Gee Crystal, No 91-92, 4th Floor,
RK Salai, Mylapore, Chennai 600 004

Contact No. 080-44292555 / 080-68534555 Contact: 080-44292244 / 080-68534544

Email: [email protected] Email: [email protected]

The GRO may be reached on the number provided If the Borrower does not receive a response from the
above anytime between 10:00 to 19:00 from Monday GRO within 14 (fourteen) days of making a
to Saturday except public holidays or through the representation or if the Borrower is not satisfied
The GRO shall endeavor to resolve the e-mail address with the response received from the GRO,
above. grievance within a period of 14 (fourteen) the Borrower may reach the Nodal Officer
from the date of receipt osf a grievance. anytime between 10:00 to 19:00 from Monday
to Saturday except public holidays or write to
the Nodal Officer at the e-mail address below.
LSP Grievance Redressal Officer (GRO) Nodal Officer
Ms. Meghna Shah Mr. Puneet Parihar
Address: 16/3, Adarsh Yelavarthy Centre, opp. to Frank Address: 16/3, Adarsh Yelavarthy Centre, opp. to Frank
Anthony School Cambridge Layout,Jogupalya Anthony School, Cambridge Layout, Jogupalya
Bangalore Karnataka- 560008 Bangalore Karnataka- 560008
Contact: 080-44292200 / 080-68534522 Contact: 080-44292233 / 080-68534501
Email: [email protected] Email: [email protected]

The GRO may be reached on the number provided If the Borrower does not receive a response from the
above anytime between 10:00 to 19:00 from Monday GRO within 14 (fourteen) days of making a
to Saturday except public holidays or through representation, or if the Borrower is not satisfied
the e-mail address above. The GRO shall endeavor to with the response received from the GRO, the Borrower
resolve the grievance within a period of 14 (fourteen) may reach the Nodal Officer anytime between 10:00 to
days from the date of receipt of a grievance. 19:00 from Monday to Saturday except public
holidays or write to the Nodal Officer.

C) TERMS & CONDITIONS OF RECOVERY MECHANISM

The Lender undertakes the recovery practices considering the following terms;

1. In-house/Outsource Recovery
2. Digital Recovery
3. Reminder Communication
4. Field Collection (if required)

Where the Lender has failed to recover the money from the borrower it will rely upon the following legal recovery mechanism.

5. Legal Notice
6. Arbitration & Conciliation

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2023-10-13 08:09:23 IST
For the purpose of undertaking collection and recovery the Lender may, either on its own or through the service provider
(including its agents etc.), undertake collection or recovery from the Borrower. For details of service provider and its agents
etc. please refer to https://www.kbnbfc.in/lsp-dla

D) REPAYMENT SCHEDULE

S.No. Principal (INR) Interest (INR) Fees (INR) Due Date Repayable (INR)
1 4754 781 0 8 Nov 2023 5535
2 4697 838 0 8 Dec 2023 5535
3 4794 741 0 8 Jan 2024 5535
4 4894 641 0 8 Feb 2024 5535
5 4996 539 0 8 Mar 2024 5535
6 5100 435 0 8 Apr 2024 5535
7 5207 328 0 8 May 2024 5535
8 5315 220 0 8 Jun 2024 5535
9 5243 109 0 8 Jul 2024 5352

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2023-10-13 08:09:23 IST
 Sanction Letter-Part B

Date: 13/10/2023
Dear Sanjay Jadoosingh,
C/O Jadoosingh, ward no 12, rampura, Rolai, Depalpur
Indore, Rampuria, Madhya Pradesh, India,

We refer to your Loan ID. KB231013TPUSB and are pleased to advise the sanction of the loan as per following terms and
conditions:
Name of the Lender KrazyBee Services Private Limited
Name of the Borrower Sanjay Jadoosingh
Name of the Lending Service Provider (LSP) Finnovation Tech Solutions Private Limited
Name of the Digital Lending Application (DLA) KreditBee
Purpose of the Loan Personal reason
Loan Amount (INR) 45000
Annualized Fixed Rate of Interest: 25%
(% Per Annum)
Total interest charged during the entire tenure 4632
of the loan (INR)
Tenure (In Months) 9 months
No. of Instalments 9
Amount of EMI Payable (INR) 5535
Fees (Below Fees are exclusive of GST)
Processing Fees (INR) 562
One-Time Onboarding Fees (INR) NIL
Loan Document Fees (INR)* 20
Credit Reassessment Fees (INR) 338
Document Collection Fees (INR) NIL
May be applicable at the discretion of Lender(s). If charged, the prepayment fees shall be
Part Prepayment/ levied on the interest chargeable by the Lender(s) and will be equal to the total interest
payable on the principal amount being prepaid,
such interest being calculated for the duration between the date of prepayment and the date
Pre-closure Fees (INR) on which such interest would have become due and payable under these Transaction
Documents.
May be applicable at the discretion of Lender(s).
If the Borrower chooses to foreclose the loan, the foreclosure charges will be applicable in the
following manner:
1. Loan Foreclosure date during the lock in period - If the loan is closed by the Borrower
during the lock in period, foreclosure charges, if charged, shall be the amount, being the
Loan Foreclosure Charges (INR) higher of, (i) 2% of the Principal amount remaining after the expiry of the Lock In period or (ii)
Rs. 25
2. Loan Foreclosure date after the lock in period - If the loan is closed by the Borrower after
the expiry of the lock in period, foreclosure charges if charged, shall be the amount, being the
higher of, (i) 2% of the Principal amount remaining as on the due date of the subsequent EMI
from the date of foreclosure or (ii) Rs. 25
For UPI and Bank transfer modes: NIL
Repayment Convenience Fees (INR) For Biller payment mode: 9 (inclusive of GST)
For other modes: As per payment gateway fees
Insurance Facilitation Fees (INR) NIL
Credit Information Report Fees (INR) NIL

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2023-10-13 08:09:23 IST
 Penalty Fees applicable on repayment post due date per day for each
instalment:
Annualized Late Payment Fees (INR):

First Overdue Day penalty fees - 4% of the Principal outstanding

overdue* amount or Rs.500, whichever is lower

Penalty fees for 2-180 days shall be calculated at an

annualized rate of 36% p.a which will be applicable
per day on principal outstanding overdue* amount
*round to nearest rupee
NACH/ECS Dishonor Fees (INR) 100
All taxes including goods and services tax, duties, cess and levies as
per applicable law pertaining to the transaction (including on the fees
Taxes & Levies
mentioned above) whether present or in future to be borne by the
Borrower.
Net disbursed amount (INR) 43918
Total amount to be paid by the Borrower 49632
Annual Percentage Rate (% Per Annum) 30.2
Cooling-Off period** 3 days
Retained Processing Fee***(INR) 562
(In case of Loan Closure during Cool Off Period)
Lock In Period**** (In Months) 5

* Loan Document Fees shall be the stamp duty payable by the Borrower in accordance with the applicable Laws
inrespect of the Transactions Documents. The Stamp Duty shall be deposited to the government at the time of
execution of the Transaction Documents and is non refundable We are authorized to make payment for the stamp
paper purchased on behalf of you (customer) and the same shall be re-imbursed at cost.

** A period of time from the date of disbursement of loan within which the borrower can change her/ his mind with
return or cancellation of the loan, by paying the principal and the proportionate APR without any prepayment fees.

*** A one time flat processing fee will be retained by the Lender in case the Borrower opts to close the loan during the
Cool-off Period.

During the Cool-off Period, the Customer has the option to foreclose the Loan by paying the complete Loan Amount.
In such event, a one time processing fee will be retained by the Lender and an amount proportionate to the APR for
the period until the closure of the Loan will be charged to the Customer.In order to know the amount payable, the
Customer has to click on the "Loan Foreclosure" tab on the KreditBee app to know the full fees payable in respect of
Loan Foreclosure. However, upon determining the fees, the Customer has the option to pay either (i) directly via
KreditBee app by pressing and processing with the "Loan Foreclosure" option or (ii) use any alternate payment
methods available on the KreditBee app to pay the corresponding amount.

**** The Borrower agrees that he/she shall be allowed to Foreclose the loan upon payment of the Foreclosure charges
as mentioned in these Transaction Documents. Provided that such foreclosure shall be subject to a Lock In period of
5 months.

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2023-10-13 08:09:23 IST
It is agreed by the Borrower that he/she will be allowed to foreclose the loan before the Lock In Period upon
successful payment of the instalment that would have been due by the Borrower during the Lock In Period and any
other conditions that may be imposed upon the discretion of the Lender.

* BORROWER CAN RAISE THEIR GRIEVANCE TO THE LSP ON (+91) 080-44292200 / 080-68534522; BETWEEN
10:00 TO 19:00 FROM MONDAY TO SATURDAY. BORROWERS CAN ALSO WRITE TO [email protected] FOR
THE COMPLAINTS RELATED TO THE LOAN. IN CASE OF UNSATISFACTORY RESOLUTION, BORROWER CAN
REFER TO THE GRIEVANCE REDRESSAL POLICY OF LSP ON WWW.KREDITBEE.IN/GRIEVANCE-REDRESSAL
OR GRIEVANCE REDRESSAL POLICY OF THE LENDER ON WWW.KBNBFC.IN/GRIEVANCE-POLICY OR
CONTACT ON (+91) 080-44292244 / 080-68534544.
* For the purpose of undertaking collection and recovery the Lender may, either on its own or through the service provider
(including its agents etc.), undertake collection or recovery from the Borrower. For details of service provider and its
agents etc. please refer to https://www.kbnbfc.in/lsp-dla.
* The Fair Practice Code of the Lender can be viewed at https://www.kbnbfc.in/fair-practice-code.
* The Privacy Policy and Terms & Conditions of the Lender & the LSP/DLA can be viewed at
https://www.kbnbfc.in/privacy-policy & https://www.kbnbfc.in/terms-and-conditions and
https://www.kreditbee.in/privacy-policy & https://www.kreditbee.in/terms-and-conditions respectively.
* All fees mentioned above will either be payable upfront or deducted from disbursal amount.
Terms & Conditions:
I/We acknowledge that:
* These are the Key Facts /Most Important Terms & Conditions of the aforesaid Loan, and all other terms and conditions of
the Loan shall be as specified in these Transaction Documents.
* The above fees may be modified by Lender in case prescribed by any of the regulatory authorities and with due notice or
intimation in any other scenarios through any of the communication process mentioned in these Transaction Documents.
* The Lender, at its sole discretion, shall be entitled to revoke this sanction upon occurrence of any of the following events:
o There is any material change in the purpose for which the Loan has been sanctioned.
o In the sole judgment of Lender, any material facts have been concealed and / or become subsequently known.
o Any statement, declaration, undertaking or disclosure made by, or on behalf of, the Borrower/Customer in the
application or otherwise is incorrect, inaccurate, incomplete or misleading.
o There is a default or a breach of the terms and conditions of this Sanction Letter and the Transaction Documents.
o If there is any bankruptcy or insolvency proceeding filed or admitted against the Borrower/Customer.
o Relevant documents are not executed by the Borrower as per Lender's policy and format.
* The Borrower declares that he/she is aware that the Key Fact Statement, Sanction letter, Transaction Documents and
other Loan Documents executed or accepted / to be executed or accepted by him/her integrate all the conditions
mentioned herein or incidental thereto, and supersede all negotiations or prior writings, except for those provisions
specified herein. In the event of any conflict between the terms, conditions and provisions of the sanction letter/
Transaction Documents /other Loan Documents executed incidental thereto with the terms mentioned herein, then in
such an event the terms, conditions and provisions mentioned in the Transaction Documents shall prevail.
* In case the Borrower wishes to prepay the Loan before the Due Date, such prepayment will be subject to Prepayment
Fees as mentioned in the Loan Summary along with other conditions, as applicable to such prepayment.
* The Borrower agrees that he/she shall be allowed to Foreclose the loan upon payment of the Foreclosure charges as
mentioned in these Transaction Documents. Provided that such foreclosure shall be subject to a Lock In period of 5
months.
* The Borrower declares that he/she can read and understand the terms in English and agrees to receive all documents/
correspondence in English.
* The Borrower understands that the identical products with identical tenor and availed during the same period may attract
different interest rates for different borrowers. Interest rates could vary depending upon consideration of all or combination

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2023-10-13 08:09:23 IST
 of multiple factors including but not limited to the following: historical performance of similar homogeneous clients; profile
of the applicant; repayment track record of the applicant; unsecured loan; loan ticket size; credit rating of the applicant;
loan tenor; location delinquency and collection performance; other indebtedness of the applicant.
* The Borrower understands that the Lender have adopted risk-based pricing, which is arrived by considering, broad
parameters like the borrowers financial and credit risk profile. Hence, the rates of Interest will be different for different
categories of borrowers based on the Interest rate model disclosed in the Interest Rate Policy on the Lender's websites.
Further, the Borrower acknowledges and confirms that the Lender shall have the discretion to change prospectively the
rate of Interest and other fees applicable to the Loan without seeking any prior consent from the Borrower.
* The sanction of the above mentioned Loan and all the terms and conditions mentioned in this sanction letter are subject
to the execution of the Transaction Documents and other Loan Documents in writing in physical or digital form
("Transaction Documents") as Lender may specify in the prescribed formats. This sanction letter intends to summarize
certain basic terms of the Loan and the Transaction Documents and does not reflect the complete agreement between
the Lender and the Borrower in relation to the Loan.
* The Transaction Documents shall contain additional terms and conditions which have not been set out in this sanction
letter and the Transaction Documents shall be read together with the terms and conditions specified in this sanction letter.
* Notwithstanding the issuance of this sanction letter and the acceptance thereof, Lender may decide to not disburse the
entire or part of the Loan, repudiate and rescind this sanction letter unilaterally.
* Disclosure: As a precondition to the Loan to be granted to the Borrower by the Lender, the Borrower by accepting this
sanction letter authorizes, consents and agrees for the disclosure and sharing by the Lender of all or any information and
data relating to the Borrower to the Reserve Bank of India ("RBI") and/or to the Credit Information Companies (CIC)
and/or to any other agency authorized in this behalf by RBI / CIC, to the Lender's professional advisers and consultants,
to its affiliates/ subsidiaries, agents, and to its service providers. In case of default in the repayment of the
loan/advances/interest on due dates, Lender and/or the RBI / CIC will have an unqualified right to disclose or publish the
name of the Borrower as defaulter in such manner and through such medium as the Lender or the RBI in their absolute
discretion may think fit.
* All correspondence shall be sent to the permanent address provided by the Borrower unless the Borrower has provided
any alternate correspondence address. In the event of any change of correspondence address, any change in the job/
profession of the Borrower, the same needs to be intimated by the Borrower to Lender no later than 7 (seven) days. In the
event the Borrower is not reachable at his/her correspondence address, all correspondence and interaction will be
undertaken at the permanent address provided by the Borrower.
* Confidentiality: This sanction letter and its content are intended for the exclusive use of the Borrower and shall not be
disclosed by the Borrower to any person other than the Borrower's legal advisors for the purposes of the proposed
transaction unless the prior written consent of the Lender is obtained.
* Representations and Warranties: Usual and customary for transactions of this nature, including but not limited to
maintenance of existence; notices of default, material litigation; compliance with applicable laws and decrees; payment of
taxes; maintenance and insurance. Further, the Borrower hereby also represents and warrants that he/she is quailed to
enter into this sanction letter and the terms and conditions of those Representations and Warranties which are set out in
the Transaction Documents.

Digitally signed by: Krazybee Services Private Limited

Reason: Loan sanction
Date: 2023-10-13 08:09:23 IST