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Loan Agreement Key Facts Summary

This document outlines the key details of a loan agreement, including loan amount, interest rate, EMI schedule, and associated charges. It specifies the terms for processing fees, overdue interest, prepayment penalties, and other legal and incidental charges. Borrowers are advised to ensure all sections are completed before signing the agreement.

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dattam venkateswarlu
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102 views1 page

Loan Agreement Key Facts Summary

This document outlines the key details of a loan agreement, including loan amount, interest rate, EMI schedule, and associated charges. It specifies the terms for processing fees, overdue interest, prepayment penalties, and other legal and incidental charges. Borrowers are advised to ensure all sections are completed before signing the agreement.

Uploaded by

dattam venkateswarlu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

SCHEDULE-CUM-KEY FACTSTATEMENT

Loan ACOOUnt No Place of signing


Date of Signing Bank Branch
DD MM YYYY)
Name of the BoTOwer
Name of the Co-Borrower:
LOANDETAILS
Loan Amount Rs. Loan Tenor Months
instaliment EMIScheme
Freguency Monthly (Advance /Arrears)
Interest Rate EMI Start Date
(monthBy reducing) % Per Annum
Fixed Rate) EMIEnd Date
Advance EMI (No's) Advance EMI Amount Rs.
EMI (No's) EMIAmount Rs.
CHARGES (AIl charges are non-refundable &applicable post disbursement of loan)
Government Taxes and other levies on Pro
Processing Rs. cessing Charges i- As specified by Govern
Charges (Amount) ment of India
Cheque iACH/SI Return Charges: 1st return
at Rs.450+ taxes per instance 2nd in a month
Rs.500 + taxes per instance & 3rd onwards ChequelACH/ SI Rs. 500/
Rs.550 + taxes per instance (10% discount for Swapping Charges
Senior Citizens) (with-out prejudice to Bank's
civiland criminal rights and remedies)
Government Taxes:At actuals, applicable Date on which annual outstanding balance
presentiy or in future statement will be issued :-31st May
Loan Cancellation Charges: NIL
Overdue EMI Interest:- 2% per month subject Note: Interest would be charged for the
to the a minimum amount of Rs. 200/ interim period between date of
disbursement & date of loan cancellation
Loan Prepayment Charges for part or full prepayment:Forecdosure charges are on Principal out
standing balance and Part Payment charges on Part Payment amount
7-24 Months of EMIrepayment: 4%; 25 -36 Months of EMI repayment: 3%
> 36 Mornths of EMlrepayment: 2%
Note: Prepayment not allowed prior to payment of 6 EMI. Part Prepayment not allowed prior to pay
ment of 12 [Link] Taxes andother levies as applicable,would be charged additionally
LegalCollection &Incidental Charges:
At Actuals

Other Charges, commissions, fees:- As per Stamp Duty &Other Statutory Charges :
Application or as may be specified by the Bank As per applicable laws of the State
Details of Security/ Duplicate Amortization / Repayment
Collateral Schedule charges: Rs. 200/
Do not sign this agreement if it is BLANK. Please ensure all relevant sections and columns
filled to your satisfaction and then only sign the agreement.

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