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Key Fact Statement

This document outlines the key facts for a gold loan from Muthoot Finance Ltd, specifically for customer Sibasis Das, with a loan amount of Rs. 450,000 and a tenure of 12 months at an interest rate of 24%. It includes details on penalties, rebates for timely interest payments, mandatory charges, and the computation of interest. The document also emphasizes the importance of accepting the Most Important Terms and Conditions (MITC) and provides contact information for grievances.

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Sibasis Das
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59 views1 page

Key Fact Statement

This document outlines the key facts for a gold loan from Muthoot Finance Ltd, specifically for customer Sibasis Das, with a loan amount of Rs. 450,000 and a tenure of 12 months at an interest rate of 24%. It includes details on penalties, rebates for timely interest payments, mandatory charges, and the computation of interest. The document also emphasizes the importance of accepting the Most Important Terms and Conditions (MITC) and provides contact information for grievances.

Uploaded by

Sibasis Das
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

Key Fact Statement- MUTHOOT FINANCE LTD

Printed on: 05/02/2025 05:07 PM


Product : Gold Loan Scheme Name Type: MHP
Sl.No Particulars Remarks
1 Customer Name and Code SIBASIS DAS , 019780000011128
2 Loan Amount in Rs. 450000
3 Net weight of gold ornaments pledged (gms) 87
4 Principal Due Date 05/02/2026
5 Loan tenure in Months 12 Months
6 Interest rate (%) 24
7 Effective Annualised Rate (%) 26.82
8 Rebate on interest (%)- If upto date interest is serviced.
If interest paid within Rebate (%) Effective Interest (%)
1 Month 10% p.a. 14% p.a.
2 Month 5% p.a. 19% p.a.
3 Month 2% p.a. 22% p.a.
9 Penal Charges Beyond Principal Due Date(including GST) ₹0.10 per day per ₹1000 or part thereof
10 Mode of Computation of Interest Monthly Rest
11 Minimum No. of Days Interest payable (days)** 15
12 Minimum Interest Amount payable (Rs.)** 50 /-
13 Mandatory Charges on loan Disbursement
a. Token Charges Rs.0/-
b. CAC Charges Rs.0/-
c. Security Charges Rs.900/-
d. Stamp Charges Rs.0/-
14 Mandatory charges on loan closure*
a. SMS Charges Rs.5/-

Note:
a.Interest amount as per Sl no. 11 and 12, (**) whichever is higher is applicable.
b.*Non Mandatory charges for reasons /additional services as stated in schedule of charges of sanction letter also will be applicable.

c.Above information forms part of "Most Important Terms and Conditions" (MITC) for availing gold loan from MUTHOOT FINANCE LTD . Please share the OTP sent to your registered
mobile number to the branch staff as a token of acceptance of the said MITC.

d. Detailed terms and conditions along with the sanction letter shall be shared on disbursement of loan.
e. For Grievance redressal, please refer clause no.23 of terms and conditions. Contact nubmer 0484-6690231 and email id: mails@muthootgroup.com
For MUTHOOT FINANCE LTD .
Branch Manager : DM21478-ANIMESH SHEKHAR
Branch Name : CHAS (JH)

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