Digitally Signed by Northern Arc Capital Limited

Chennai
2023-12-21T09:53:49.440933

Key Fact Statement/Fact Sheet

Date: 21/12/2023

Name of the Regulated entity: Northern Arc Capital Limited

Applicant Name: YASH PORWAL

Sr. Details (given for illustrative

Parameter
No. computation purposes only)
(i) Loan amount (amount disbursed/to be disbursed to the
10761
borrower) (in Rupees)
(ii) Total interest charge during the entire tenor of the loan (in
2042 (monthly interest rate of 4.30 %)
Rupees)
(iii) Other up-front charges, if any (break-up of each component
761
to be given below) (in Rupees)
(a) 761 (6.000% of Loan amount),
Processing fees, if any (in Rupees)
inclusive of GST of 18%
(b) Insurance charges, if any (in Rupees) NIL
(c) Others (if any) (in Rupees) (details to be provided) NIL
(iv) Net disbursed amount ((i)-(iii)) (in Rupees) 10000
(v) Total amount to be paid by the borrower (sum of (i), (ii) and
13564
(iii)) (in Rupees)
(vi) 51.60% per annum. Interest will be
Annualised Interest Rate
applied on a reducing balance basis.
(vii) Annual Percentage Rate - Effective annualized interest rate
(in percentage) (computed on net disbursed amount using 88.72%
IRR approach and reducing balance method)
(viii) Tenor of the Loan (in months) 6 month(s)
(ix) Repayment frequency by the borrower Monthly
(x) Number of instalments of repayment 6
(xi) Amount of each instalment of repayment (in Rupees) Rs. 2073
Details about Contingent Charges
(xii) Rate of annualized penal charges in case of delayed 109.5% per annum on principal
payments (if any) outstanding
(xiii) Rate of annualized other penal charges (if any); (details to be
NIL
provided)
Other disclosures
Digitally Signed by Northern Arc Capital Limited
Chennai
2023-12-21T09:53:49.440933

(xiv) 3 (three) days from the date of

Cooling off/look-up period during which borrower shall not
be charged any penalty on prepayment of loan
(xv)
Details of LSP acting as recovery agent and authorized to
approach the borrower
disbursement under the Credit Facility.
During the aforesaid Cooling Off
Period, the Borrower may decide to not
continue with the Credit Facility,
without any prepayment penalty, by
paying the outstanding principal amount
under the Credit Facility and
proportionate Annual Percentage Rate
as mentioned in this KFS (“Exit
Option”)
In case you proceed to pay any EMI
during the cooling off/look-up period
you shall be not eligible to avail Exit
Option during said cooling off/look-up
period
True Credits Private Limited
Registered office address: 5th Floor,
HUDA City Metro Station, Sector 29,
Gurugram, Haryana, India
https://www.truecredits.in/lsps-dla
Digitally Signed by Northern Arc Capital Limited
Chennai
2023-12-21T09:53:49.440933

(xvi) Lender
Grievance Redressal Officer:
Name: Ms. Deepa Nair
Address: IndiQube Golf View Homes,
6th Floor, Tower B, 3rd Cross Road, S
R Layout, Murgesh Pallya, Bengaluru-
560017
Toll Free Number: 1800 419 8766
Email ID: gro@northernarc.com
(Grievance redressal mechanism of the
lender, Northern Arc Capital Limited
can be accessed at https://www.
northernarc.com/grievance-redressal-
mechanism

LSP
Name: True Credits Private Limited
Registered office address: 5th Floor,
HUDA City Metro Station, Sector 29,
Gurugram, Haryana, India
Privacy policy: available at :
https://www.truecredits.in/privacy-
policy

Grievance Redressal Officer:

Grievance Redressal Officer- Mr.
Nikhil Niranjan Email:
grievance@truecredits.in Address: 5th
Name, designation, address and phone number of nodal
Floor, Huda City Centre Metro Station,
grievance redressal officer designated specifically to deal
Gurugram, Haryana -122001 Contact
with FinTech/ digital lending related complaints/ issues.
details: +91- 7428196828
https://www.truecredits.in/client
grievance-redressal-policy
Mobile Application name which is
Digital Lending platform: True Balance
[operated by Balancehero India Private
Limited]

DLA
Name: Balancehero India Private
Limited
Registered office address: 5th Floor,
HUDA City Metro Station, Sector 29,
Gurugram, Haryana, India
Privacy policy: available at :
https://www.truebalance.io/privacy-
policy

Grievance Redressal Officer:

Name : Anjali Kapoor
Email: terms@balancehero.com
Address: 5th Floor, Huda City Centre
Metro Station, Gurugram, Haryana
-122001 Contact details: +91-
7428196828
https://www.truebalance.io/grievance-
policy

*GST charged on Processing Fees @18% is inclusive in calculation of APR

Digitally Signed by Northern Arc Capital Limited
Chennai
2023-12-21T09:53:49.440933

Recovery Mechanism:

In the event of any delay or default in payment of any amount due and payable by the obligor(s) in relation to the loan,
the obligor(s) may be reminded of such due/non-payment or given notice of demand to pay the overdue amounts by
making telephone call(s), sending written communications by letters and/or electronic communications.

Lender may utilise the services of the LSP, and the Lender and/or the LSP may utilise the services of collection agents for
collection of amounts in relation to the loan. The LSP and the collection agents will be required to follow a code of
conduct covering their dealings with the obligors. All the practices adopted for follow up and recovery of dues and
enforcement of security will be in consonance with the law.

In addition to the foregoing, the loan may be recalled, and recovery proceedings may be initiated in accordance with the
terms and conditions governing the loan.
Digitally Signed by Northern Arc Capital Limited
Chennai
2023-12-21T09:53:49.440933

Detailed Repayment Schedule

(Below is indicative since repayment schedule will depend on actual date of disbursement)

No. Outstanding Principal (in Principal (in Interest (in Instalment (in
Rupees) Rupees) Rupees) Rupees)
1 Rs. 10761 Rs. 1298 Rs. 775 Rs. 2073
2 Rs. 9463 Rs. 1686 Rs. 387 Rs. 2073
3 Rs. 7777 Rs. 1733 Rs. 340 Rs. 2073
4 Rs. 6044 Rs. 1817 Rs. 256 Rs. 2073
5 Rs. 4227 Rs. 1888 Rs. 185 Rs. 2073
6 Rs. 2339 Rs. 2339 Rs. 99 Rs. 2438

Please note that this Key Fact Statement and the repayment schedule is for the purpose of illustrative computation only as it
is issued before the formation of the loan contract. Depending upon the actual amount and date of disbursement after the
formation of the loan contract, there will be corresponding changes in the details of the parameters listed in the Key Fact
Statement and also the repayment schedule (including pre-EMI details, if applicable) that will be issued post loan
disbursement.