Key Fact Statement
Sample Key Fact Statement
Before you accept any loan, you receive a Key Fact Statement (KFS) with every cost in one place. Here is an illustrative example so you know exactly what to expect.
Illustrative only. Your actual rate, fees and APR depend on your credit profile and are shown in your personal KFS before you sign. See Loan Rates & Conditions.
Part A — Interest rate and fees
| Lender | Peristyle Securities & Finance Private Limited (RBI CoR B-14.02113) |
|---|---|
| Lending Service Provider | Tap4Credit |
| Loan amount sanctioned | ₹50,000 |
| Loan tenure | 6 months |
| Rate of interest | 0.5% per day (15% per month), reducing balance |
| Number of instalments | 6 monthly instalments |
| EMI amount | ₹13,212 |
| Total interest payable | ₹29,271 |
| Processing / administrative fee | ₹2,500 (5%) |
| GST on fee | ₹450 (18%) |
| Net amount disbursed | ₹47,050 |
| Total amount payable | ₹79,271 |
| Annual Percentage Rate (APR) | 207.6% |
Part B — Other qualitative information
| Penal charges (late payment) | As specified in your Key Fact Statement |
|---|---|
| Bounce charges | ₹1,000 per bounced cheque / NACH |
| Foreclosure / prepayment | Nil — no prepayment or early closure charges |
| Cooling-off / look-up period | 3 days from disbursement — exit by repaying principal and proportionate APR, with no penalty |
| Recovery | In-house team or authorised agents, per RBI Fair Practices Code |
| Grievance Redressal Officer | Dinkar Choudhary — dinkar.chaudhary@tap4credit.in, +91 91429 73123 |
Repayment schedule
| Instalment | EMI | Principal | Interest | Outstanding |
|---|---|---|---|---|
| 1 | ₹13,212 | ₹5,712 | ₹7,500 | ₹44,288 |
| 2 | ₹13,212 | ₹6,569 | ₹6,643 | ₹37,720 |
| 3 | ₹13,212 | ₹7,554 | ₹5,658 | ₹30,166 |
| 4 | ₹13,212 | ₹8,687 | ₹4,525 | ₹21,479 |
| 5 | ₹13,212 | ₹9,990 | ₹3,222 | ₹11,489 |
| 6 | ₹13,212 | ₹11,489 | ₹1,723 | ₹0 |