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Piramal Education Loan Fact Sheet

Piramal Capital & Housing Finance Ltd has provided a loan of 100,000 Rupees to applicant Venkat Pentenna Roddha for child education, with a total interest charge of 34,940 Rupees and other upfront charges amounting to 1,679 Rupees. The loan has a tenure of 60 months with a monthly installment of 2,249 Rupees and an annual percentage rate of 13.33%. There are no pre-payment penalties, and the lender has designated a grievance redressal officer for any complaints.

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0% found this document useful (0 votes)
4 views4 pages

Piramal Education Loan Fact Sheet

Piramal Capital & Housing Finance Ltd has provided a loan of 100,000 Rupees to applicant Venkat Pentenna Roddha for child education, with a total interest charge of 34,940 Rupees and other upfront charges amounting to 1,679 Rupees. The loan has a tenure of 60 months with a monthly installment of 2,249 Rupees and an annual percentage rate of 13.33%. There are no pre-payment penalties, and the lender has designated a grievance redressal officer for any complaints.

Uploaded by

shreyapatild2008
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© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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KEY FACT STATEMENTS/ FACT SHEET

Date: 11-Mar-2024

Lender's Name: Piramal Capital & Housing Finance Ltd

Applicant's Name: VENKAT PENTENNA RODDHA

Sr No. Parameter Details

Child's education
i. Purpose of loan

100000
ii. Loan Amount (Amount disbursed to the Borrower) (In Rupees)

iii. 34940
Total interest charge during the entire tenure of the loan (In Rupees)

iv. 1679 (Other upfront charges are directly


Other up-front charges (Break-up of each component given below) (In collected from the borrower)
Rupees)

(a) 1499
Processing fee (In Rupees)

(b) 0
Insurance Charges (In Rupees)

(c) 180
Others (if any) (In Rupees)

(v) 98321
Net Disbursed Amount [ (i) - (iii) ] (In Rupees)

(vi) 136619
Total amount to be paid by the borrower [sum of (i),(ii) and (iii)] (In
Rupees)

(vii) 13.33%
Annual percentage rate - [Effective annualised interest rate (computed
on net disbursed amount using IRR approach and reducing balance
method)]

(viii) 60
Tenor of Loan (in Months)

(ix) Monthly
Repayment frequency by the Borrower

(x) 60
Number of installments of repayment

(xi) 2249
Amount of each installment of repayment (In Rupees)
Details about the contingent charges

(xii) 24%
Rate of annualized penal charges in case of delayed payments (if any)

(xiii) 0
Rate of annualized other penal charges (if any); (details to provided)

Other Disclosures

(xiiv) Not applicable as there are no pre-payment


Cooling off/look-up period during which borrower shall not be charged /foreclosure charges during the entire loan
any penalty on prepayment of loan tenure

(xv) Piramal Capital & Housing Finance Ltd


Details of LSP acting as recovery agent and authorized to approach the
borrower

(xvi)
Name, Designation, address and phone number of nodal grievance Ms. Ancy Dmello,
redressal officer designated specifically to deal with Fintech/ digital 6th Floor, Amiti Building, Agastya Corporate
lending related complaints/ issues Park, Kamani Junction, Opp. Fire Station,
LBS Marg, Kurla (W) Mumbai MH400070.
Email: [Link]@[Link]
Contact Number: 022- 69181273
Detailed Repayment Schedule

Outstanding Principal
Installment No. Principal (In Rupees) Interest (In Rupees) Installment (In Rupees)
(In Rupees)

1 98792.0 1208.0 1041.0 2249.0

2 97571.0 1221.0 1028.0 2249.0

3 96338.0 1233.0 1016.0 2249.0

4 95092.0 1246.0 1003.0 2249.0

5 93833.0 1259.0 990.0 2249.0

6 92561.0 1272.0 977.0 2249.0

7 91275.0 1286.0 963.0 2249.0

8 89976.0 1299.0 950.0 2249.0

9 88664.0 1312.0 937.0 2249.0

10 87338.0 1326.0 923.0 2249.0

11 85998.0 1340.0 909.0 2249.0

12 84644.0 1354.0 895.0 2249.0

13 83276.0 1368.0 881.0 2249.0

14 81894.0 1382.0 867.0 2249.0

15 80497.0 1397.0 852.0 2249.0

16 79086.0 1411.0 838.0 2249.0

17 77660.0 1426.0 823.0 2249.0

18 76219.0 1441.0 808.0 2249.0

19 74763.0 1456.0 793.0 2249.0

20 73292.0 1471.0 778.0 2249.0

21 71806.0 1486.0 763.0 2249.0

22 70304.0 1502.0 747.0 2249.0

23 68787.0 1517.0 732.0 2249.0

24 67254.0 1533.0 716.0 2249.0

25 65705.0 1549.0 700.0 2249.0

26 64140.0 1565.0 684.0 2249.0

27 62559.0 1581.0 668.0 2249.0

28 60961.0 1598.0 651.0 2249.0

29 59347.0 1614.0 635.0 2249.0

30 57716.0 1631.0 618.0 2249.0

31 56068.0 1648.0 601.0 2249.0

32 54403.0 1665.0 584.0 2249.0


33 52720.0 1683.0 566.0 2249.0

34 51020.0 1700.0 549.0 2249.0

35 49302.0 1718.0 531.0 2249.0

36 47566.0 1736.0 513.0 2249.0

37 45812.0 1754.0 495.0 2249.0

38 44040.0 1772.0 477.0 2249.0

39 42249.0 1791.0 458.0 2249.0

40 40440.0 1809.0 440.0 2249.0

41 38612.0 1828.0 421.0 2249.0

42 36765.0 1847.0 402.0 2249.0

43 34899.0 1866.0 383.0 2249.0

44 33013.0 1886.0 363.0 2249.0

45 31108.0 1905.0 344.0 2249.0

46 29183.0 1925.0 324.0 2249.0

47 27238.0 1945.0 304.0 2249.0

48 25273.0 1965.0 284.0 2249.0

49 23287.0 1986.0 263.0 2249.0

50 21280.0 2007.0 242.0 2249.0

51 19252.0 2028.0 221.0 2249.0

52 17203.0 2049.0 200.0 2249.0

53 15133.0 2070.0 179.0 2249.0

54 13042.0 2091.0 158.0 2249.0

55 10929.0 2113.0 136.0 2249.0

56 8794.0 2135.0 114.0 2249.0

57 6637.0 2157.0 92.0 2249.0

58 4457.0 2180.0 69.0 2249.0

59 2254.0 2203.0 46.0 2249.0

60 0.0 2254.0 23.0 2277.0

* This is an indicative Detailed Repayment Schedule.

Piramal Capital & Housing Finance Limited (formerly known as Dewan Housing Finance Corporation Ltd)
Registered office: 601, 6th Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, Opp. Fire Station, LBS Marg, Kurla (West), Mumbai - 400
070 | CIN: U65910MH1984PLC032639
[Link] | Email ID: customercare@[Link] | Toll-Free Number: 1800 2666 444

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