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LOAN APPLICATION FORM

ACCOUNT TYPE:

Personal

NAME:

FATHER/SPOUSE NAME:

MOTHER'S NAME:

DATE OF BIRTH:

<DOB>

GENDER:

MARITAL STATUS:

OCCUPATION:

NATIONALITY:

Indian

RESIDENTIAL STATUS:

Indian

PAN:

<PAN>

PROOF OF ADDRESS/IDENTITY:

PAPERLESSAADHAAR

ADDRESS TYPE:

PERMANENT

ADDRESS:

<State>

[NBFC Letter Head]

CURRENT ADDRESS:

<State>

PHONE NUMBER:

EMAIL:

<Email>

NAME OF BANK:

Fetch Bank Name from IFSC Code

BANK A/C NO:

IFSC:

NAME OF RELATED PERSON 1:

PHONE NUMBER OF RELATED PERSON 1:

NAME OF RELATED PERSON 2:

PHONE NUMBER OF RELATED PERSON 2:

SUMMARY OF THE LOAN TERMS

S. No.

Particulars

Details

LOAN ID

CITY

Fetch City from Pincode

I hereby understand the terms & conditions of the loan as may be approved by the

Lender <NBFC Name> a Company incorporated under the Companies Act, 2013

(CIN: <NBFC CIN>) having Registered Office at <NBFC Registered Address> and

also registered with the Reserve Bank of India as a Non-Banking Financial Company

(NBFC) bearing Registration No: <CoR Number> dated <Registration Date>.

Website: <NBFC Website> ("Lender") as per its internal policies and law, shall be as

Page 2 of 39

[NBFC Letter Head]

specified below ("Loan/Facility"):

PARTICULARS

DETAILS

(Below charges are in INR and exclusive of

GST).

Lender

Platform

<Fintech Name> ("<APP Name>”)

(<Website Name>)

Loan Amount

Rate of Interest (Per Annum)

<AnnualRateOfInterest>*100 p.a. (Fixed)

Purpose of Loan

Loan Processing Charges (Excluding <ProcessingFee>/1.18

GST)

Platform Credit Assessment Charges <PlatformFee1>/1.18

(Excluding GST)

Platform Face Recognition Charges <PlatformFee2>/1.18

(Excluding GST)

Platform Onboarding Charges

<PlatformFee3>/1.18

(Excluding GST)

Prepayment/Foreclosure Charges

Interest on the repayment amount shall be charged

for the remaining days.

Late payment charges / Penal

One-time

1.18% of Loan

interest charges

management Charge

Amount

(inclusive of GST)

Days Past Due, 1-

0.40% of Loan

Day

Amount on Daily

Basis (exclusive of

GST)

The accumulated Penalty shall be

Capped at 50.00% of loan amount as per

above table.

Overdue interest at an annualized

interest rate of

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[NBFC Letter Head]

<AnnualRateOfInterest>*100 p.a. will be

applicable per day on principal overdue

NACH Dishonor Charge (Excluding

Rs 100

GST)

Banking Details for disbursal of Loan As specified in the form above.

I agree to submit the following documents for availing of Loan:

S. No. Documents from the Applicant and the Co-

Status

Applicant (if any)

PAN Card or Form 60*

Verified

Passport/Voter ID/Masked Aadhaar/Driver License

PaperlessAadhaar/E-

Adhaar

Last 3 months bank statements or other income

proof

Any other document requested by Lender

I acknowledge, understand and agree that Lenders has adopted risk-based pricing,

which is arrived by taking into account, broad parameters like the customers financial

and credit profile. I also understand all the terms listed above along with certain fees/

charges (as may be applicable) apply for the said Loan from the Lenders. I further

understand and acknowledge that as may be applicable the Platform Service

Charges, Platform Onboarding Fees, Platform Credit Assessment/Reassessment

Fees, Document Collection Fees, Agreement Fees along with applicable taxes, shall

be collected by the platform- <Fintech Name> (GST NO- <Fintech GST>) ("Platform")

and separate entity from the Lenders. Lenders are not liable to collect any such fee &

charges and to pay any applicable taxes on the same. I have accepted that the

acceptance of Loan under this Application Form places no obligation on the Lender

to approve the Loan.

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[NBFC Letter Head]

SELF-DECLARATION AND UNDERTAKING:

1. I hereby apply for the Facility from the Lenders as specified above.

2. I represent that the information and details provided in this Application Form and

the documents submitted by me are true, correct and that I have not concealed any

information.

3. I declare that my age is between 18 years and 60 years

4. I have read and understood the fees and charges as may be applicable to the

Loan that I may avail from time to time.

5. I confirm that no insolvency proceedings or suits for recovery of outstanding dues

have been initiated and / or are pending against me.

6. I hereby authorize Lenders to exchange or share information and details relating

to this Application Form its group companies or any third party, as may be

required or deemed fit, for the purpose of processing loan application and/or related

offerings or other products / services that I may apply for from time to time.

7. I hereby consent to and authorize Lenders to increase or decrease the credit limit

assigned to me basis its internal credit policy before sanction of the Loan.

8. I understand and acknowledge that Lenders has the absolute discretion, without

assigning any reasons to reject my application and that Lender is not liable to provide

me a reason for the same.

9. That Lenders shall have the right to make disclosure of any information including

my Aadhar relating to me including personal information, details in relation to Loan,

defaults, security, etc. to the TransUnion CIBIL Limited (CIBIL) and/or any other

governmental/regulatory/statutory or private agency / entity, credit bureau, RBI,

Central KYC Registry, including publishing the name as part of wilful defaulter's list

from time to time, as also use for KYC information verification, credit risk analysis, or

for other related purposes.

10. I agree and accept that Lenders may in its sole discretion, by its self or through

authorized persons, advocate, agencies, bureau, etc. verify any information given,

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[NBFC Letter Head]

check credit references, employment details and obtain credit reports to determine

creditworthiness from time to time.

11. I authorize the Lenders, jointly or individually, to perform my credit checks on my

behalf and obtain my credit report for the purpose of assessing my eligibility for the

loan application submitted by me through any credit information company or

otherwise.

12. I have not taken any loan from any other bank/ finance company unless specifically

declared by me.

13. I represent and agree the funds shall be used for the Purpose specified above

and will not be used for any illegal, speculative or antisocial purpose.

14. I further represent that the information and details provided below by me are true,

correct and that I have not concealed any information therefrom

15. My monthly income is INR <MonthlyIncome> and I agree that my monthly Household

Income (including income from all people residing in my house) is greater than Rs.17000

16. I have clearly understood and accepted the late payment and other default

charges listed above.

17. I hereby confirm that I contacted the Lenders for my own personal requirement of

personal loan and no representative of Lenders has emphasized or induced me

directly / indirectly to make this application for the Loan.

18. I hereby consent that the reference contacts as provided by me herein may be

contacted for the purpose of verification of my identity, repayment capability and/or to

make collection efforts in case of breach of the terms of this Agreement by me

including failure to make the repayments on the due date.

19. I understand and accept that no moratorium or deferment of EMI will be provided

by the Lenders (as per the Lenders' policy on EMI Moratorium) on the Facility under

this Application Form and there shall be no demur or protest by me in this regard.

20. I hereby confirm having read and understood the Standard Terms and Conditions

applicable to this Loan if approved by the Lenders and I am signing this Application

Form after understanding and acceptance of each term.

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[NBFC Letter Head]

Personal Loan Agreement

This Personal Loan Agreement (‘ Agreement’ ) is made at the place and on the date as

set out in Schedule I.

BETWEEN

<NBFC Name> , a company incorporated under the provisions of the Companies Act,

2013, having its registered office at <NBFC Registered Address> , acting in these

presents through its branch office located in the city/town as mentioned in Schedule I and

with GSTIN <NBFC GSTIN> (‘<NBFC Name>’ or the ‘Lender’, which expression shall,

unless repugnant to the context, include its successors and assigns) hereinafter referred

to as “ Lender ” of the First Part;

AND

The Borrower, material particulars whereof are described and set out in Schedule I , of

the OTHER PART.

The Lender and Borrower are hereinafter collectively referred to as ‘Parties’ and

individually as ‘Party’.

WHEREAS:

The Lender is a non-banking finance company, inter alia, engaged in the business

of providing loans/credit facilities to various customers.

The Borrower has requested the Lender through the ‘Platform/Portal’ to grant the

Loan to the Borrower and the Lender, relying upon the representations made and

information provided by the Borrower, has agreed to grant the Loan to the Borrower,

on the terms and conditions mutually agreed and contained in this Agreement

including all the annexures thereof, in its sole and absolute discretion.

NOW, THEREFORE, in consideration of the foregoing and other good and valid

consideration, the receipt and adequacy of which is expressly acknowledged, the Parties

have agreed as follows:

1. DEFINITION AND INTERPRETATION:

1.1.Definitions:

For the purposes of this Agreement, in addition to the terms defined in the description

of the Parties: (a) all capitalized words and expressions defined by inclusion in

quotation and/or parenthesis anywhere in this Agreement, have the same meanings

as ascribed to such words and expressions; (b) words and expressions used herein

but not defined shall have the same meaning as assigned to them in General Clauses

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[NBFC Letter Head]

Act, 1897; and (c) following words and expressions shall have the meaning as set-

out in this Clause 1:

“Acceptable means of Communication” with reference to:

A.Customer, shall mean

a telephonic call on the registered mobile number /landline number of the

Customer as provided in the Application Form; or

ii.

photo / video; or

iii.

an email on the registered email address of the Customer; or

iv.

a text message on the registered mobile number of the Customer; or

a written notice sent by courier / post on the registered postal address of

the Customer,

vi.

text message through chatbot, bitly, social media, such as WhatsApp

communication and/or any other

vii.

electronic mode; and/or

viii.

notification by the lender on its Website;

B. The Lender, shall mean

a telephonic call on the designated mobile/landline number of the lender as

provided on the Website; or

ii.

an email on the designated email address of the lender or

iii.

a text message on the chatbot; or

iv.

a written notice sent by courier or any other mode on the postal designated

address of the Lender.

II.

"Access Code(s)" means any authentication mode as approved, specified by the

Lender including without limitation combination of user name and password

III.

"Account" means the bank account where the Loan disbursement is requested and

more specifically provided under the Application Form or Drawdown Request;

IV.

“Agreement”: 'Agreement' means and includes this Agreement, together with all

the schedules, exhibits, addendums, attachments and appendices annexed hereto

and all amendments/supplements hereto and restatements hereof;

"Application Form" means the loan application, in the form and manner prescribed

and acceptable to the Lender, submitted by the Borrower to the Lender for applying

and availing of the Facility, together with all other information, particulars,

clarifications and declarations, if any, furnished by the Borrower or any other

persons from time to time in connection with the Facility;

VI.

“Applicable Laws” means the Indian ‘law’, bye-laws, rules, regulations,

notifications, ordinances, judgements, orders, decrees, and/or any published

Page 8 of 39

[NBFC Letter Head]

directive, guideline, requirement or regulatory/governmental direction/restriction

having the force of law applicable at the relevant point of time;

VII.

"Availability Period" means the period of 11 (eleven) months and 15 (fifteen) days

from the date of sanction of the Facility (or such extended date as may be approved

by the Lender, in its sole discretion);

VIII.

"Customer/Borrower" means each applicant and the term shall include his/her

successors and permitted assigns as mentioned in Schedule I;

IX.

"Business Day" means a day (other than a Saturday or a Sunday) on which the

Lender and banks are open for general business in New Delhi;

"Default Rate" means the rate provided as such under the Application Form;

XI.

"Drawdown Request" means a request from the Borrower in a form and manner

acceptable to the Lender for seeking disbursement of Loan;

XII.

"Drawing Power" means the threshold limit(s) assessed by the Lender, in its sole

discretion from time to time which shall be within the overall sanctioned limit and

shall determine the amount of drawdown that can be requested by the Borrower

at any given time under the Facility;

XIII.

"Due Date", means, in respect of:

(a) the weekly/ fortnightly/Monthly Installment and/or Outstanding Dues, the

respective Repayment Dates;

(b) the interest on the Outstanding Dues, the Interest Payment Date;

Documents, within seven (7) Business Days from the date on which the

Borrower has received notice from the Lender providing details of such costs,

charges and expenses; and

(d) any other amount payable under the Loan Documents, the date on which such

amount falls due in terms of the Loan Documents, or on demand if the due date

is not specified in such Loan Document;

XIV.

“Electronic Clearing System or ECS” or NACH, means the debit clearing schemes,

notified by RBI from time to time, being mode(s) of electronic funds transfer from

one bank account to another bank account using the services of a clearing house

or any other platform or mechanism duly authorized in this regard including without

limitation the National Electronic Clearing Service;

XV.

“Facility" means a revolving credit facility;

XVI.

“IMPS” means the instant real-time inter-bank electronic funds transfer system.

XVII.

"Increased Costs" means (a) a reduction in the rate of return from the Loan(s) or

on the Lender's overall capital (including as a result of any reduction in the rate of

return on capital brought about by more capital being required to be allocated by

the Lender) (b) any additional or increased cost including provisioning as may be

required under or as may be set out in RBI regulations or any other such

Page 9 of 39

[NBFC Letter Head]

regulations from time to time; or (c) a reduction of any amount due and payable

under the Transaction Documents;

XVIII.

'Interest Rate' means the rate of interest in relation to the Loan as mentioned in

Schedule I.

XIX.

"Lender" means Lender as specified in Application Form and shall include its

successors and assigns;

XX.

"Loan" means the personal loan provided by the Lender to the Borrower upto a

maximum principal amount as mentioned in Schedule I and each disbursement

made under the Facility;

XXI.

“Loan Documents” means collectively, the Loan Agreement, the Application Form,

MITC, these Terms and Conditions and such other documents/terms executed by

the Customer in relation to the loan. Communications and all such related

documents as uploaded or submitted by the Customer either physically or through

online process prescribed by the lender;

XXII.

'Loan Tenure' shall mean the tenure of the Loan as specified in Schedule I ;

XXIII.

“Mode of Application” shall mean submitting an online/digital Application Form by

submitting one-time password (“OTP”) to the Lender, in such form and manner as

acceptable to the Lender;

XXIV.

Weekly/

Fortnightly/Monthly'

'Equated

Weekly/Fortnightly/Monthly

(EWIs/EFI/EMIs)'' means the amount payable every week/fortnight/month by the

Borrower to the Lender comprising of the interest, or as the case may be, principal

amount of the Loan and/or interest;

XXV.

"MITC" means the most important terms and conditions reiterated by the Borrower

at the time of availing the Facility as specified in Schedule I;

XXVI.

'NEFT' means the National Electronic Fund Transfer in terms of the regulations

and directions issued by RBI or any regulatory or statutory body;

XXVII.

'Outstanding Dues' means, at any time, all the amounts outstanding and payable

or obligations to be performed by the Borrower to the Lender, pursuant to the terms

of this Agreement and/or any other Loan Documents, including but not limited to

the following:

(a) the principal amount(s) of the Loan;

(b) the interest on the Loan;

damages, costs, charges, expenses and other fees and interest incurred under,

arising out of or in connection with this Agreement and/or any other Loan

Documents (either severally or jointly); and

(d) any and all expenses or sum incurred by the Lender for the enforcement of and

collection of any amounts due under this Agreement and/or any other Loan

Documents, including expenses of enforcement and realisation;

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[NBFC Letter Head]

XXVIII.

'Penal Interest' means an additional interest payable by the Borrower to the Lender

as a penalty in case of delay in payment of the Weekly/Fortnightly/Monthly

Installments and/or Outstanding Dues, at the rate as mentioned in Schedule I;

XXIX.

"Portal/Platform" shall mean such platform or portal as described in the Application

Form, managed by a third party service provider duly authorized by the lender;

XXX.

“Platform Service Fee” means any fee including GST charged by third party service

provider authorized by the lender to provide loan application portal, to assist credit

worthiness of borrowers, or to provide any kind of informational technology

services in relation to the loan application;

XXXI.

"Purpose" shall have the same meaning as is provided in the Application Form;

XXXII.

“Onboarding Fee” means any fee including GST charged by third party service

provider authorized by the lender to register on loan application portal;

XXXIII.

“Repayment Date” (a) in relation to the Weekly/Fortnightly/Monthly Installments,

means the date, on or before which each Weekly/Fortnightly/Monthly

installment(s) is to be repaid by the Borrower, as more specifically mentioned in

Schedule I commencing from the date of the disbursement of Loan or the date on

which the Loan is booked by the Lender in the name of the Borrower in the

Lender’s books, whichever is earlier and includes the due date for the payment of

interest on the principal amount payable by the Borrower before the

commencement of the Weekly/Fortnightly/Monthly installment(s); and (b) in

relation to the Outstanding Dues means the date, on or before which, the entire

Outstanding Dues is to be repaid by the Borrower, as more specifically mentioned

in Schedule II;

XXXIV.

'RBI' means the Reserve Bank of India;

XXXV.

'RTGS' shall mean real time gross settlement in terms of the regulations and

directions issued by RBI or any regulatory or statutory body;

XXXVI.

“Repayment Modes” means the payment of the Weekly/Fortnightly/Monthly

installment(s) and the Outstanding Dues, as the case may be, on or before the

Due Dates(s), by any of the following modes, which options are set out in

Schedule I

XXXVII.

"Sanctioning Authority" includes the Reserve Bank of India, Office of Foreign

Assets Control of the Department of Treasury of the United States of America, the

United Nations Security Council, the European Union, Her Majesty’s Treasury of

the United Kingdom or any combination of the foregoing;

XXXVIII.

“Sanction Letter” means the letter issued by the Lender for principal approval of

loan application as per the terms and conditions mentioned therein.

XXXIX.

"Tenure" means the period provided as such under the Schedule I .

XL.

“Website” means, the website of the Lender, presently being <NBFC Website>

which may be changed by the Lender at its sole discretion

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[NBFC Letter Head]

1.2. Interpretation:

(i) Unless the context otherwise requires, words denoting the singular shall include the

plural and vice versa;

(ii) the table of contents, headings and the use of bold typeface, are inserted for ease of

reference and shall be ignored in the construction and interpretation of the Agreement;

(iii) a reference to a Clause or Schedule is, unless indicated to the contrary, a reference

to a Clause or Schedule to this Agreement;

(iv) references to this Agreement shall be construed as references also to any separate

or independent stipulation or agreement contained in it;

(v) references to the word ‘includes’ or ‘including’ shall be construed without limitation;

and

(vi) words importing a particular gender include all genders.

2. SCOPE :

These Terms and Conditions shall be in addition and not in derogation to the terms

set out in the Application Form, Sanction Letter, the MITC and such other terms

and conditions as may be agreed between the Lender and the Customer and

communicated to the Customer by the lender from time to time, through

Acceptable Means of Communications. These Terms and Conditions, in itself,

shall not create, transfer or record any rights or obligation of the lender, and shall

be read along with the provisions of the Application Form, MITC and the

Transaction SMS, as the case may be.

II.

A Customer shall be deemed to have read, understood and accepted these Terms

and Conditions by consenting to Application Form, Sanction Letter and MITC. The

Loan may be granted to the Customer as per the terms of Loan Documents as

may be applicable and executed by the Customer and is subject to the internal

policies of the lender. The Loan may be granted at the sole discretion of the lender,

subject to the terms of the Loan Documents, along with the following conditions.

III.

The Customer should be at least 18 (eighteen) years of age or above and is of

sound mind and has read and understood the Loan Documents. A translated copy

of this Terms and Conditions in the relevant vernacular language can be made

available to the Customer on demand.

IV.

The Customer is not an undischarged insolvent and there are no insolvency

proceedings pending against the Customer. Further, the Customer has not at any

point in time (a) been adjudged as an insolvent, (b) suspended/defaulted on

payment to his/her creditors or (c) made or attempt to make, a composition with

their creditors; or (d) been convicted by a court.

Page 12 of 39

[NBFC Letter Head]

The act of the Customer in applying for Loan through any of the permitted Mode

of Application and accepting the Sanction Letter & MITC provided by the Lender,

shall be deemed to mean that the customer has carefully read, understood and

accepted these Terms and Conditions and MITC’s.

VI.

The customer agrees that any communications may be provided by the lender

through Acceptable Means of Communication and such communication shall be

deemed as a valid and authentic communication by the lender, and the lender shall

not be responsible liable for any error on the Customer’s part or on the part of the

mobile service provider in this regard

VII.

The Customer agrees that the Loan Documents may be amended and/or modified

and/or supplemented from time to time due to any reason including due to any

change in the market conditions and the Customer shall be obligated to comply

with such revised terms and conditions. Any change to the terms of the Loan

Documents shall be communicated to the Customer by way of the Acceptable

Means of Communication.

3. LOAN SANCTION AND DISBURSEMENT:

The Borrower agrees to borrow from the Lender and the Lender agrees to make

available and extend to the Borrower, at its sole and absolute discretion, the Loan,

for an amount as mentioned in the Application Form and Schedule I, on the terms

and conditions contained in this Agreement and in other Loan Documents. Grant

of the Facility and acceptance of the Borrower's request shall be at the absolute

discretion of the Lender and the Lender shall not be required to notify any rejection

of the Application Form to the Borrower.

II.

The disbursement of the Loan may be made directly to the Borrower in one lump

sum or in such Installments as per the details provided under the Application Form

and Schedule I, subject to the terms and conditions contained herein. The Lender

shall not be liable or be construed as being liable in any manner whatsoever in

case there is any delay(s) in disbursement of the Loan on account of any technical

or system errors, etc.

III.

The Borrower shall pay interest on the Loan on the Interest Payment Date at the

applicable Interest Rate. Subject to the commencement of Interest Payment Date

with respect to the Loan, all interest accruing on the Outstanding Dues under the

Loan shall accrue from day to day and shall be calculated on a fixed balance by

taking a base of 360 (three hundred and sixty) days per year.

IV.

The Lender shall be entitled to revise the Interest Rate at any time and from time

to time as per its policy, if any, during the Loan Tenure, at its sole discretion or due

to change in the regulatory requirements including any guidelines/regulations

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[NBFC Letter Head]

issued by RBI and such revised Interest Rate shall be deemed to form part of the

Loan and the Borrower shall also be liable to pay such revised amount of interest

on the Loan in such manner and within such period as may be determined by the

Lender in its sole discretion. Any revision in the Interest Rate shall be effective

from a prospective date and the Lender shall notify the Borrower in advance to this

effect and the same would be binding upon the Borrower. The Lender shall also

notify any change in the Interest Rate by updating the same on its Website.

The Borrower agrees to repay the Weekly/Fortnightly/Monthly installment(s), as

may be fixed, and the Outstanding Dues to the Lender on or before the Repayment

Date using the Repayment Modes as set out in Schedule I, or in such manner and

at such place, as may be agreed between the Borrower and Lender, from time to

time during the course of this Agreement. The instructions for the ECS as provided

by the Borrower shall be open-ended and will cover the maximum principal amount

under the Loan and other Outstanding Dues thereon. The Lender may, at the

request of the Borrower in writing, agree to change the Repayment Mode.

VI.

In the event the Borrower defaults in payment of the Outstanding Dues or the credit

rating of the Borrower falls below the required criteria fixed by the Lender as per

its internal policy or the Borrower resigns/is terminated from the employment or for

any other reason deemed fit by the Lender, the Lender shall be entitled to disallow

further drawdowns under the Loan. The Lender may revise the

Weekly/Fortnightly/Monthly installment(s) such that the Borrower shall repay

principal and/or interest amount to the Lender and the Borrower agrees that it shall

be liable to pay such revised Weekly/Fortnightly/Monthly installment(s) as per the

repayment schedule revised by the Lender at its sole discretion. Such revision in

the Weekly/Fortnightly/Monthly installment(s) and repayment schedule shall be

effective from a prospective date and the Lender shall notify the Borrower in

advance to this effect and the same would be binding upon the Borrower. The

Lender may, at any time, in its sole discretion, recall / foreclose the Loan without

prior notice to the Borrower and revise the repayment schedule in its sole and

absolute discretion. The Borrower agrees and undertakes to forthwith issue fresh

PDCs (If taken in his case)/ECS instruction to the Lender in the event of any

revision in the repayment schedule. The PDCs shall be presented for the

encashment in case the Weekly/Fortnightly/Monthly installment(s) through ECS is

not processed due to any technical issue or otherwise. However, the Lender has

a right to take action against the Borrower in case of default by the Borrower in

payment of Weekly/Fortnightly/Monthly installment(s) through ECS. The Borrower

confirms having perused, understood the Lender’s method of calculating the

interest on the Loan on reducing balance rate and also the calculation of the

Weekly/Fortnightly/Monthly installment(s).

VII.

Notwithstanding anything contained in this Agreement, the Lender may at any time

in its sole discretion and without assigning any reason whatsoever, call upon the

Borrower to pay the Outstanding Dues and thereupon the Borrower shall within 15

Page 14 of 39

[NBFC Letter Head]

(fifteen) days of being so called upon pay the whole of the Outstanding Dues to

the Lender without any delay or demur. The liability of the Borrower to the Lender

shall not be discharged until and unless the Borrower has paid or discharged the

Outstanding Dues owed to the Lender under this Agreement.

VIII.

The Weekly/Fortnightly/Monthly installment(s) shall automatically change by

reason of change in any rates, taxes, charges, imposts, levies and monies

whatsoever that are or may be levied on the Weekly/Fortnightly/Monthly

installment(s) or the transaction contemplated hereunder or may become payable

by the Borrower by virtue of this Agreement. Such change in the

Weekly/Fortnightly/Monthly installment(s) due to change in the rates, taxes,

charges, imposts, levies and monies as stated above shall be effected only

prospectively and the same shall automatically form part of the Loan

IX.

The Borrower undertakes to deliver to the Lender, the PDCs, if asked by the

Lender without any protest and demur towards the repayment of the principal

amount or the interest, as the case amy be. In the event of issuance of PDCs by

the borrower, the borrower confirms that PDCs are issued towards repayment of

the Weekly/Fortnightly/Monthly installment(s) and the Outstanding Dues, and the

delivery of PDCs shall be deemed to be an unconditional and irrevocable authority

given by the Borrower to the Lender to present PDCs towards repayment of the

Weekly/Fortnightly/Monthly installment(s) and the Outstanding Dues. The

Borrower confirms that PDCs shall be honoured on its first presentation and the

Borrower shall not issue any contrary instructions to the relevant bank. The

Borrower confirms that PDC is not a security. The Lender shall be entitled to

recover from the Borrower PDC swap charges and the outstation collection

charges.

Any dispute or difference of any nature whatsoever shall not entitle the Borrower

to withhold or delay payment of any Weekly/Fortnightly/Monthly installment(s) or

other sum and the Lender shall be entitled to present the PDCs/ECS to the bank

of the Borrower on the Due Dates.

XI.

The Borrower understands, confirms and agrees that the Lender shall, at its sole

discretion, at multiple occasions and on different dates, present in the Borrower’s

bank account, the ECS/ NACH mandate or any other electronic or other clearing

mandate (given by the Borrower in favour of the Lender covering all the

Outstanding Dues) which returns unpaid, for recovering the Outstanding Dues

from the Borrower and until realization of all Outstanding Dues. The Borrower

agrees and undertakes that the Borrower shall not dispute, complain or object to

such presentations by the Lender. Further, the Borrower understands and agrees

that return of PDCs or ECS/ NACH mandate or any other electronic or other

clearing mandate, will result in Bounce Charges being added to the Outstanding

Dues.

Page 15 of 39

[NBFC Letter Head]

XII.

The Borrower hereby irrevocably authorizes the Lender to destroy PDC(s) (if any)

in the possession of the Lender upon repayment of the Loan together with all costs,

charges and expenses, by the Borrower to the satisfaction of the Lender.

XIII.

Notwithstanding anything contained herein, the Lender shall be entitled to adjust

any advance Weekly/Fortnightly/Monthly installment(s) and/or security

deposit/initial payment made by the Borrower towards any Outstanding Dues in

such manner and at such time as the Lender may determine in its sole discretion.

XIV.

All sums payable by the Borrower to the Lender shall be paid without any

deductions whatsoever at such place as the Lender may specify and shall be so

paid so as to enable the Lender to realize the sum on or before the Due Date.

Credits/discharge for payments will be given only on realization of amounts due.

XV.

In the event of the Borrower committing a default in the payment of any sum

payable hereunder and/or in relation to the Loan or the Borrower committing any

breach or default of any other condition of this Agreement or under any other

instrument in respect of the Loan, the Borrower shall, in respect of the Outstanding

Dues and in respect of the Weekly/Fortnightly/Monthly installment(s) or other

amount in default, pay the Penal Interest, from the date of default till the date of

realization by the Lender. The payment of the Penal Interest shall not absolve the

Borrower of the other obligations in respect of such breach or default or affect the

rights of the Lender in respect of the breach or default.

XVI.

Any sums received by the Lender from the Borrower shall be appropriated in the

following manner:

(a) firstly, against interest payment;

(b) secondly against over due Weekly/Fortnightly/Monthly installment(s);;

(d) fourthly against any other penal charges or any other claim of the Lender on

the Borrower under the Loan Documents.; and

(e) lastly against principal amount of the Loan;

XVII.

The Borrower's request for the Facility under the Application Form and each

Drawdown Request shall be irrevocable unless rejected by the Lender.

XVIII.

In the event that the Lender accepts the Borrower's request for the Facility and

sanctions the Facility, the Lender may, subject to satisfaction of all the conditions

precedents, disburse Loans into the Account and the Borrower confirms that the

Loan shall be utilized only for the Purpose and subject to the terms under the

Transaction Documents.

XIX.

Any such disbursement made by the Lender into the Account (whether in the name

of the Borrower or any third party) shall be a Loan under this Facility. Lender shall

not be responsible for any dispute between Borrower and any such third party.

4. DEFAULT:

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[NBFC Letter Head]

The Borrower shall be deemed to have committed an act of default if the Borrower

does not comply with his/her obligations as mentioned in this Agreement and also on

the happening of any one or more of the following events, (each an ‘Event of Default’

and collectively ‘Events of Default’):

(a) The Borrower fails to pay any Weekly/Fortnightly/Monthly installment(s) or the

Outstanding Dues under this Agreement on or before the Due Date or commits breach

of any of the terms, covenants or conditions contained in this Agreement;

(b) it is found that the Borrower commits a default of any of the terms and conditions

in respect of any other loan or facility provided by the Lender and/or any Affiliates of

the Lender;

affects or may affect the Lender’s interest or the Borrower’s ability to repay the Loan;

(d) demise of the Borrower or if the Borrower compounds with his/her creditors or

permits any attachment or sequestrations or other processes against any of his/her

assets or properties;

(e) if the Borrower commits an act of insolvency or if the Borrower is declared insolvent

or bankrupt or if a receiver or official assignee is appointed in respect of any property

or estate of the Borrower or if the Borrower asks for any application for declaring

himself an insolvent or if an application for declaring the Borrower as insolvent is made

or any order is passed by any competent count or authority for taking the Borrower into

insolvency; and

(f) if any proceedings are pending or threatened against the Borrower by any

government agency or authority for any misconduct or breach/violation of any law or

regulations or code of conduct, etc.

Upon the occurrence of the Event of Default and at any time thereafter, if any such

event shall be continuing, the Lender may:

(a) accelerate the repayment of the Loan including the Outstanding Dues;

(b) place the Loan on demand or declare all the Outstanding Dues payable by the

Borrower in respect of the Loan to be due and payable immediately;

other penal charges from the Borrower as mentioned in Schedule I;

(d) terminate this Agreement;

(e) exercise such other rights and remedies as may be available to the Lender under

law during the pendency of the Loan including without limitation under Section 138 of

the Negotiable Instruments Act, 1881 and under Section 25 (1) of Payment of

Settlement System Act, 2007; and/or

(f) stipulate such other condition(s) or take such other action(s) as the Lender deems

fit.

5. INTEREST AND OTHER CHARGES:

Page 17 of 39

[NBFC Letter Head]

a. The Loan(s) under the Facility shall carry interest at the rate specified in the

Transaction Documents.

b. In case of an Event of Default, Borrower will, to the extent permitted by law, be required

to pay interest (before as well as after judgment / award) on the overdue amount to the

other party on demand, for the period from (and including) the original Due Date for

payment to (but excluding) the date of actual payment, at the Default Rate.

c. The Borrower acknowledge and agree that:

a. Platform fee as specified in the Transaction Documents shall be charged at

each loan(s);

b. Registration fee as specified in the Transaction Documents shall be charged

in the first loan and no more registration fee in the further loan(s);

c. The rates of interest specified in the Transaction Documents are reasonable

and that they represent genuine pre-estimates of the loss expected to be

incurred by the Lender in the event of non-payment of any monies by the

Borrower; and

d. The rate of interest payable by the Borrower shall be subject to change

prospectively based on the monetary policies as may be changed by the

Reserve Bank of India and other factors impacting the interest rates

d. The Borrower shall bear all Tax including GST , other imposts, costs, charges, fees

during loan and repayment process and duties including stamp duty and relevant

registration and filing charges in connection with the Finance Documents (including

any differential or additional duties and taxes which may be required pursuant to the

provisions of the applicable laws from time to time), as may be levied from time to time

by the Government or other authority including those incurred by the Lender in

connection with the Facilities.

e. In case a credit note is issued, the borrower should adjust its GST Input Tax Credit,

within the month in which the discrepancy is communicated. If the same is not rectified

by the borrower which results in additional liability for the Lender, the same (tax and

interest) will be recoverable by the Lender. Providing correct registration number is the

responsibility of the customer and the Lender will not be responsible for verification of

GSTIN. In cases where customer fails to furnish GST registration number, the

customer will be treated as unregistered.

6. REPRESENTATIONS AND WARRANTIES:

a. The Borrower makes the representations and warranties set out in this Section 6 to the

Lender, in reliance of which the Lender may grant the Facility:

Page 18 of 39

[NBFC Letter Head]

a. The Facility once granted by the Lender under Transaction Documents

constitutes legal, valid and binding obligations of the Borrower enforceable in

accordance with their respective terms;

b. The Borrower is in compliance with all laws (including laws relating to

environment, social and labour, anti-corruption and anti-money laundering)

applicable to the Parties;

c. The entry into, delivery and performance by the Borrower of, and the transactions

contemplated by the Transaction Documents, do not and will not conflict: (a) with

any law; (b) with the constitutional documents, if any, of the Borrower; or (c) with

any document which is binding upon the Borrower or on any of its assets;

d. The Borrower has a valid agreement, engagement or arrangement with the Portal

which is currently subsisting and the Portal has not blacklisted, delisted, suspend

or otherwise terminate the arrangement;

e. The Borrower understands and declares that rate of interest levied and fee

charged is fair.

f. Except to the extent disclosed to the Lender, no litigation, arbitration,

administrative or other proceedings are pending or threatened against the

Borrower or its assets, which, if adversely determined, might have a material

adverse effect;

g. (a) All information communicated to or supplied by or on behalf of the Borrower

to the Lender from time to time, are true and fair/ true, correct and complete in all

respects as on the date on which it was communicated or supplied; and (b)

Nothing has occurred since the date of communication or supply of any

information to the Lender which renders such information untrue or misleading in

any respect;

h. The Borrower is not a specially designated national or otherwise sanctioned,

under sanctions (and related laws) promulgated by any Sanctioning Authority;

and

i. The Borrower has not taken any action and no other steps have been taken or

legal proceedings started by or against it in any court of law/ other authorities for

its insolvency, bankruptcy, winding up, dissolution, administration or re-

organization or for the appointment of a receiver, administrator, administrative

receiver, trustee or similar officer of the Borrower or of any or all if its assets.

j. The Borrower hereby ratifies and continues to consent sharing any of his

information to the Lender or any of its associates or agents.

b. Each of the representations set out in Section 6 shall be deemed to be repeated on

each day during the Tenure of the Facility.

7. COVENANT OF BORROWER:

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[NBFC Letter Head]

The Borrower hereby covenants that during the period of this Agreement:

The Borrower shall observe and perform all its obligations and covenants under this

Agreement.

The Borrower shall ensure timely payment of the Weekly/Fortnightly/Monthly

installment(s) to the Lender and ensure that the Repayment Modes issued towards

payment of the Weekly/Fortnightly/Monthly installment(s) are honoured on

presentation. It is the duty of the Borrower to ensure that his/her bank account has

been debited towards the Weekly/Fortnightly/Monthly installment(s) and in case of

his/her account not been so debited, the Borrower shall be obliged to inform the

Lender in this regard within 3 (three) Business Days from the Due Date of such

Monthly Installment.

The Borrower shall promptly notify the Lender of any change in the Borrower’s

address, phone number, employer name, email address, as mentioned in Schedule

The Borrower confirms that he/she shall ensure availability of funds in the bank

account on which such PDCs have been drawn and that the Borrower will not at any

time close his/her bank account until the full and final payment of the Outstanding

Dues has been made to the Lender by the Borrower.

The Borrower shall not change his/her name or change his/her bank account on

which PDCs have been drawn without prior written consent of the Lender.

f. The Borrower shall pay/reimburse the Lender against all expenses for any purpose

relating to this Agreement including any taxes pertaining to this Agreement, or the

Loan and enforcing the terms thereof.

The Borrower shall pay and bear all taxes, rates, duties, charges and other imposts

and obligations, existing as well as in future, in respect of the product and the

transaction hereunder.

The Borrower shall do all such things and execute all such writings as the Lender

may require from time to time for duly or more perfectly securing the repayment of

the Loan.

Borrower shall irrevocably instruct the Portal to deposit/ transfer all sale proceeds

pertaining to the Borrower in a designated account of the Lender. Borrower shall

also provide copy of such instruction to the Lender. Borrower also undertakes and

agrees that such instruction/ authorization shall not be amended/ withdrawn or

varied without prior approval of the Lender.

The Borrower shall ensure that the obligations under the Transaction Documents

shall at least rank pari passu with all its unsecured and unsubordinated obligations.

The Borrower shall, within 3 (three) Business Days of demand by the Lender, pay

the amount of any Increased Costs incurred by the Lender as a result of (i) the

introduction of or any change in (or in the interpretation, administration or application

Page 20 of 39

[NBFC Letter Head]

of ) any law or regulation; (ii) compliance with any law or regulation made before or

after the date of relevant Loan (including any law or regulation concerning capital

adequacy, prudential norms, liquidity, reserve assets or tax) or (iii) in the event of

the Lender being called upon to pay any additional amount by its lending agency in

terms of their respective financing agreements or (iv) on account of factors beyond

the control of the Lender.

l.The Borrower agrees that it shall indemnify and hold harmless the Lender, to the fullest

extent permitted by applicable law, for all losses and liabilities (including due to

claims by a third party), incurred by the Lender as a result of any breach by it of any

Transaction Documents.

m. Borrower consents to payment of charges such as but not limited to platform fees.

Borrower shall promptly provide upon request of the Lender any further

document/information as may be required by the Lender.

Borrower undertakes to ensure that all information provided in the Application

Form(s) shall remain true at all times during the Tenure of the Facility.

The Borrower shall utilize the Facility for the Purpose only.

The Borrower shall not:

use the fund for purchase of gold in any form, (including primary gold, gold

bullion, gold jewelry, gold coins, units of gold exchange traded funds (ETF)

and units of gold mutual funds);

II.

directly or indirectly: (a) use the Facility in any transaction with or for the

purpose of financing the activities of, any person/country currently subject

to any sanctions by Sanctioning Authority; and (b) take part in or financing

any activity, production, use of, trade in, distribution of, or otherwise

involved in any exclusion-list; and

III.

directly or indirectly, make or offer any payment, gift or other advantage

which is intended to, or does, influence or reward any person (whether or

not they are in the public sector) for acting in breach of an expectation of

good faith, impartiality or trust or otherwise performing their function

improperly.

The Borrower shall provide end use certificate in a form and manner satisfactory to

the Lender.

The Borrower shall put in place appropriate procedures and policies to restrict its

employees, consultants or other agents from causing breach of any conditions,

covenants or undertakings under these Standard Terms including laws relating to

environment, social and labour, anti-corruption and anti-money laundering.

t.The Borrower shall promptly notify the Lender in writing upon occurrence of any breach

of Covenant or representation or occurrence of Event of Default and the steps, if

any, being taken to remedy it.

Page 21 of 39

[NBFC Letter Head]

The Borrower shall from time to time, if required by the Lender, provide additional

security, in a form and manner satisfactory to the Lender.

The Borrower shall promptly notify the Lender of any breach of any representations,

warranties, covenants, undertakings or any other terms of these Standard Terms

together with the steps taken to remedy it. Upon the breach being reported, the

Lender may, without prejudice to any of its rights under law or contract, in its sole

discretion recommend implementation of corrective measures to remedy such

breach in a form, manner and time as may be necessary or desirable to the Lender.

The Borrower shall ensure that throughout the Tenure of the Facility a valid

agreement, engagement or arrangement with the Portal shall subsist and the Portal

has not blacklisted/delisted/suspended or otherwise terminated such arrangement.

Notwithstanding any of the provisions of the Indian Contract Act, 1872 or any other

applicable law or anything contained in the Transaction Documents, the amounts

repaid by the Borrower shall be appropriated first towards cost, charges and

expenses and other monies; secondly towards interest on cost charges and

expenses and other monies; thirdly towards interest on the delayed payments;

fourthly towards interest payable under the Transaction Documents and lastly

towards repayment of any principal amounts.

The Borrower hereby consents Lenders or its agents to contact Borrower or any of

associate of Borrower for loan relates aspects.

8. NEGATIVE COVENANTS:

The Borrower hereby covenants and agrees that without the prior written approval of

the Lender, the Borrower shall not:

Repudiate or call in question the validity of agreement, the rate of interest or charges

levied.

9. OUTSOURCING OF SERVICES:

The Lender at its sole discretion from time to time, may appoint and authorize third

party(s) to provide the services including but not limited to mentioned below:

To originate leads for loans through online platform (APP and Website) as well as

offline channels by providing services;

To source customers and sell loans to the customers;

To collect customer’s income details other details, expression of interest, Loan

applications, KYC documents, authorizations and permission etc.;

To provide credit inputs, collect documents (loan agreements and other incidental

documents);

To act as collection and recovery agent;

To provide any advisory with respect to loan services

Page 22 of 39

[NBFC Letter Head]

10. CANCELLATION:

The Lender reserves the unconditional right to cancel the limits sanctioned without

giving any prior notice to the Borrower, on the occurrence of any one or more of the

following:

in case the Facility (in full or in part) is not disbursed; or

in case of deterioration in the creditworthiness of the Borrower (as determined by

the Lender) in any manner whatsoever; or

in case of non-compliance of the Transaction Documents.

11. ASSIGNMENT OF RIGHTS:

The Lender shall at any time, without any consent of or notice to the Borrower be entitled

to securitize, sell, assign, discount or transfer all or any part of the Lender’s right and

obligations under this Agreement or other Loan Documents to any person(s) and in such

manner and on such terms as the Lender may decide. The Borrower shall not be entitled

to directly or indirectly assign or in any manner transfer, whether in whole or part, any

rights or obligation under this Agreement and other Loan Documents.

12. DISCLOSURE:

The Borrower agrees and understands that as a pre-condition relating to the grant

of the Loan to the Borrower, the Lender requires the Borrower’s consent for the

disclosure by the Lender of information and data relating to the Borrower, of the

Loan availed of/ to be availed by the Borrower, obligations assured/ to be assured

by the Borrower in relation thereto, default, if any, committed by the Borrower in

discharge thereof and any other information made available by the Borrower to the

Lender.

Accordingly, the Borrower agrees and gives consent for the disclosure by the

Lender, if required under the Applicable Law, of all or any such:

information and data relating to the Borrower;

ii.

the information or data relating to Loan availed of/to be availed by the

Borrower; and

iii.

default, if any, committed by the Borrower in discharge of such obligation as

the Lender may deem appropriate and necessary to disclose and furnish to

Credit Information Bureau of India Limited (‘CIBIL’) and any other agency

authorised in this behalf by RBI.

The Borrower further declares that the information and data furnished by the

Borrower to the Lender is true and correct.

In the event of the Borrower committing a default in the repayment of Outstanding

Dues on the Due Dates, the Lender shall have an unqualified right to disclose the

Page 23 of 39

[NBFC Letter Head]

name of the Borrower to RBI, CIBIL and any other agency authorized in this behalf

by RBI. The Borrower gives its consent to the Lender and/or RBI and/ or CIBIL to

publish their name as defaulters in such manner and through such medium as the

Lender/RBI and/or CIBIL in their absolute discretion may think fit.

The aforesaid right shall be available to the Lender in addition to and not in

derogation of any other rights available under the Agreement.

Borrower further agrees and understands that:

CIBIL and any other agency so authorized may use and/or process the said

information and data disclosed by the Lender in the manner as deemed fit by

them; and

ii.

CIBIL and any other agency so authorized may furnish for consideration the

processed information and data or products thereof prepared by them, to the

Lender/financial institutions and other credit grantors o registered users, as

may be specified by RBI in this behalf.

The Borrower agrees and understands that the Lender may also disclose any

information/documents relating to the Borrower to any third party including Lender’s

Affiliates for promotional purposes or any other purpose as Lender may deem fit.

13. INDEMNITY:

The Borrower shall indemnify the Lender (and its Affiliates) at all times hereafter

from and against any and all claims, damages, costs, losses, expenses, suits,

proceedings, actions, liabilities, etc., that may have been suffered by the Lender

and/or its Affiliates by reason of any act by the Borrower or default on the part of the

Borrower under this Agreement/in respect of the Loan and/or for the recovery of the

Outstanding Dues (including legal/ attorney fee).

The Borrower further agrees to indemnify and keep indemnified the Lender and/or

its Affiliates from time to time and at all times hereafter from and against any and all

claims, damages, costs, losses, expenses, suits, proceedings, actions, liabilities,

etc., whatsoever arising in connection with or relating to any Communications (as

defined below) provided/received by the Lender and/or its Affiliates by Electronic

Media (as defined below).

14. ELECTRONIC MEDIA:

The Borrower hereby confirms, acknowledges and agrees that the online

acceptance of this Agreement including any addendums hereto through the Website

or such other internet or web based means results in a binding contract between the

Parties.

Page 24 of 39

[NBFC Letter Head]

The Borrower is aware that transmission of this Agreement, addendums to this

Agreement, terms and conditions, instructions, acceptances and communications

(‘Communications’) through electronic means such as email, facsimile, SMS text

messaging, websites, online acceptance, etc. (‘Electronic Media’) involves a number

of risks including fraudulent alterations and incorrect transmissions and absence of

confidentiality. However, the Borrower is desirous of receiving Communications

from and providing Communications to the Lender through the Electronic Media for

various matters under this Agreement including in relation to the Loan and the

operation thereof.

The acceptance of Application Form, Sanction Letter and/or MITC and these Terms

and Conditions including any addendums hereto through the Website or such other

internet or web-based/digital means results in binding obligations between the

lender and Customer.

The customer hereby expressly consents for taking his/her photo/video evidencing

the conduct of loan transaction by him/her and that such photo/video is

unconditionally agreed to be stored and preserved for a period of at least five (5)

years or otherwise from the date of closure of the loan and/or as the law/regulations

may so mandate, whichever is higher.

That transmission of these Terms and Conditions, any addendums, instructions,

acceptances and communications (“Communications”) through electronic means

such as e-mail, facsimile, SMS text messaging, websites, online acceptance, etc.

(“Electronic Media”)involves a number of risks including fraudulent alterations and

incorrect transmissions and absence of confidentiality and despite knowing this, the

Customer agreed to receive and provide Communications in relation to the Loan

through Electronic Media. The Customer understands and acknowledges that there

are inherent risks involved in sending the instructions/communications/documents/

notices via email and /or in any other electronic/written form and hereby agree and

confirm that all risks arising therefrom shall be fully borne by the Customer, whether

or not it has resulted due to any non-communication, miscommunication, or

technological error beyond the control of the Lender. Further, the Customer shall

duly inform BFL about any change in the email id/address and indemnify the Lender

against any non-communication, miscommunication, error, loss and damage and

otherwise caused to the Lender.

The Customer shall be solely liable for disclosure of any personal/sensitive personal

information without exercising proper due diligence at the Customer’s end.

The Customer shall undertake to only use the official website/links of the Lender/its

associates/group companies/assigns for availing products/services by inputting the

domain information.

Page 25 of 39

[NBFC Letter Head]

The Customer acknowledges the potential risk of data/privacy breach and the

Customer undertakes that they shall be solely liable for any unauthorized

disclosure/breach of data, etc. and any direct/indirect losses suffered by any party

due to the same. Hence, the Customer shall exercise utmost caution to ensure that

their personal data/sensitive personal data (including but not limited to any

passwords, financial information, account details, etc.) are NOT

shared/stored/made accessible through:

i. any physical means with or without the Customers knowledge (disclosure to any

person/third party, etc.) or

ii. through any electronic means, by exercising the following precautions/safety

measures:

1. The Customer shall always check if “https” appears in any website’s address

bar before making any online transaction, to ensure that the webpage is

encrypted;

2. The Customer shall avoid using third party extensions, plug-ins or add-ons

on their web browser, as it may result in the risk of tracking or stealing of

personal details;

3. The Customer shall always type the information and not use the auto-fill

option on web browser to prevent the risk of storage of any personal/sensitive

personal information;

4. The Customer shall NOT access darknet, unauthorized/suspicious websites,

suspicious/illegitimate online platforms or download applications from

unreliable sources.

5. The Customer shall ensure to disable cookies before accessing any

domain/website, to ensure that their personal information is not tracked by

any third party, unless otherwise consciously permitted by the Customer by

accepting the same;

6. The Customer shall NOT respond to any generic emails from an

unknown/unidentified source;

7. The Customer shall check the privacy policy of any website/application to

know the type of information that may be collected and the manner in which

it may be processed before accepting/proceeding/transacting on said

website/application;

8. The Customer shall always verify and install authentic web/mobile

applications from reliable source on your computer/laptop/tab/i-pad/smart

phone or any other electronic device;

9. The Customer shall NOT access any unidentified weblinks, bitly or any other

electronic links shared over electronic platform (such as email, SMS, social

media, websites);

Page 26 of 39

[NBFC Letter Head]

15. MISCELLANEOUS:

Online Transactions

For ease of operation of the Borrower, Borrower shall have the option of

applying for further facilities provided by the Lender using online secure

platforms as may be specified by the Lender (hereinafter referred to as "Online

Facility") at discretion of Lender. The Facility shall be extended to the Borrower

subject to the Borrower complying with the Lender's credit parameters and

submitting all documents/information as may be required by Lender in such

form as may be specified by the Lender from time to time. Lender may in its

sole discretion reject the application for the facility/loan by the Borrower.

ii.

It shall be the sole responsibility of the Borrower to ensure that the Access

Codes are not compromised or shared with any unauthorized users.

iii.

The Borrower expressly agrees and acknowledges to have read and

understood the terms applicable for usage of the Online Facility and be bound

by such terms and conditions (as amended by the Lender from time to time) at

all times during the tenure of such Facility.

iv.

The Lender shall have no obligation to verify the authenticity of any

transaction/instruction received or purported to have been received from the

Borrower through the Online Facility or purporting to have been sent by the

Borrower other than by means of verification of the Access Codes.

All the records of the Lender with respect to the online request for facility arising

out of the use of the Online Facility shall be conclusive proof of the

genuineness and accuracy of the transaction. While the Lender and its

affiliates shall endeavor to carry out the instructions promptly, they shall not be

responsible for any delay in carrying on the instructions due to any reason

whatsoever, including due to failure of operational systems or any requirement

of law.

vi.

Borrower can check the availability of a pre-approved offer that may be made

by the Lender through Online Facility. Any pre-approved offer by the Lender

does not constitute grant of facility to the Borrower and shall be subject to the

terms as may be specified by Lender from time to time.

vii.

Borrower acknowledges and accepts that the Lender may permit/allow

anybody quoting the correct Access Codes and other details to conduct the

type of operations which are permitted under the Online Facility.

Notices

Any notice or request to be given or made by a party to the other shall be in

writing. Such notice or request shall be deemed to have been duly received by

the party to whom it is addressed if it is given or made at the address specified

below or at such other address as may be agreed from time to time:

Page 27 of 39

[NBFC Letter Head]

For the Lender:

Registered Office Address as specified in the Application Form

For the Borrower:

The address as stated in the Application Form.

The Lender may also agree to act on the basis of request made via registered email

address of the Borrower. Provided however that a notice or communication to any

Borrower shall be deemed to be a notice or communication to other Borrower(s).

The Lender shall, without prejudice to any of its specific rights under any other

agreements with the Borrower, at its sole discretion, be at liberty to apply any other

money, amounts, securities and other property of the Borrower (whether singly or

jointly with another or others) in possession of the Lender or any of its subsidiary/

affiliate/ associate company in or towards payment of the dues under Facility

granted under the Transaction Documents. The borrower can avail Online Facility

on the Portal.

The Lender shall be entitled at the sole risk and cost of the Borrower to engage one

or more person(s) to collect the Borrower's dues and shall further be entitled to share

such information, facts and figures pertaining to the Borrower as the Lender deems

fit. The Lender may also delegate to such person(s) the right and authority to

perform and execute all such acts, deeds, matters and things connected herewith,

or incidental thereto, as the Lender may deems fit. The Borrower recognizes,

accepts and consents to such delegation.

The Lender shall have the right to disclose or publish any information regarding the

Borrower or guarantor(s) (if any) and any information and documents that they might

possess from time to time to:

any of its branches or with other banks, financial institutions, Credit Information

Bureau of India Limited, credit reference or rating agencies/bureaus or other

individuals/entities either in response to their credit inquiries directed to the

Lender or in the event of the Borrower not complying with any terms and

conditions herein or otherwise;

ii.

the Reserve Bank of India and/or any other statutory authority or official of the

Government of India or that of any other state.

iii.

In newspapers or public media in event of default.

The Borrower shall not assign or transfer all or any of its rights, benefits or

obligations under the Transaction Documents.

In case of default committed by the Borrower, the Lender may also disclose and

publish the information about the Borrower and its default with the Lender in the

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[NBFC Letter Head]

public domain including through Facebook, Instagram, Twitter, Telegram or any

other social media platform.

The Borrower acknowledges that the Lender has or may have business and other

transactions with third parties (including those who are in the business of

manufacturing, supplying or otherwise dealing with any asset being financed by the

proceeds of this Facility) and hereby waives any conflict of interest that it may have

on such arrangement. Further, the Borrower acknowledges that any contract or

arrangement between the Lender and such third parties are independent of these

Standard Terms.

The Lender reserves the right to amend the terms of these Standard Terms (except

amendment to Rate of Interest) by intimating the same to the Borrower.

This Agreement is made in the form of electronic text, and it is legal and effective

for the parties to sign the Agreement by electronic signature INCLUDING BY

CLICKING "CONFIRM", "YES", "NEXT" OR "AGREE" OR EQUIVALENT RELATED

BUTTONS ONLINE, and neither party shall use any Reasons to deny that the

validity of the Agreement has been confirmed or that the relevant obligations have

not been fulfilled in accordance with such Agreements.

16. GRIEVANCE REDRESSAL MECHANISM OF THE PLATFORM:

Borrower can raise his/her concerns pertaining to the Platform, EMI schedule,

Facility Type, Processing Fee and/ or any other charges or any other concern

related to the product to authorized representatives of <Fintech Name> as below.

Please refer to <Fintech Grievance Redressal URL> for the updated Grievance

Redressal Policy information.

Grievance Redressal Officer

Borrowers are requested to address all their grievances at the first instance to the

Grievance Redressal Officer. The contact details of the Grievance Redressal

Officer are:

Company: <Fintech Name>

Address: <Fintech Address>

Contact: <Contact Number 1>

Email: grievance@loanloji.in

The Grievance Redressal Officer may be reached on the number provided above

anytime between 10:00 to 19:00 from Monday to Saturday except public holidays

or through the e-mail address above. The Grievance Redressal Officer shall

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[NBFC Letter Head]

endeavour to resolve the grievance within a period of (14) fourteen days from the

date of receipt of a grievance.

Nodal Officer

If the Borrower does not receive a response from the Grievance Redressal

Officer within (14) fourteen of making a representation, or if the Borrower is not

satisfied with the response received from the Grievance Redressal Officer, the

Borrower may reach the Nodal Officer on the number below anytime between

10:00 to 19:00 from Monday to Saturday or write to the Nodal Officer at the e-

mail address below. The contact details of the Nodal Officer are provided below.

Company: <Fintech Name>

Address: <Fintech Address>

Contact: <Contact Number 2>

Email: nodal@loanloji.in

17.GRIEVANCE REDRESSAL MECHANISM OF THE LENDER:

For all grievances against the Lenders, please refer to <Lender Grievance URL>

for the updated Grievance Redressal Policy information. Further, for your

convenience details of the Grievance redressal mechanism of Lender is provided

hereinbelow

Grievance Redressal Officer

The Borrowers/Customers may register his/her query/ complaint to the Company

which shall be addressed to the Grievance Redressal Officer in connection with

any matter pertaining to business practices, lending decisions, credit

management, recovery and complaints relating to updation/alteration of credit

information.

Company: <NBFC Name>

Address: <NBFC Address>

Contact: <Contact Number 1>

Email: <NBFC Grievance Email>

Nodal Officer

If the Borrower does not receive a response from the Grievance Redressal

Officer within (14) fourteen of making a representation, or if the Borrower is not

satisfied with the response received from the Grievance Redressal Officer, the

Borrower may reach the Nodal Officer on the number below anytime between

10:00 to 19:00 from Monday to Saturday except public holidays or write to the

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[NBFC Letter Head]

Nodal Officer at the e-mail address below. The contact details of the Nodal

Officer are provided below.

Company: <NBFC Name>

Address: <NBFC Address>

Contact: <Contact Number 2>

Email: <NBFC Nodal Email>

Complaints to Ombudsman

In case the Borrower does not receive a response from the Grievance Redressal

Official or the other Levels within one month from the date of making a

representation to the Lenders, or if the Borrower is not satisfied with the

response so received, a complaint may be made in accordance with the 'The

Ombudsman Scheme for Non-Banking Financial Companies, 2018'

("Ombudsman Scheme") to the Ombudsman in whose jurisdiction the office of

the Lender complained against, is located. For contact details of the Ombudsman

and for salient features of the Ombudsman Scheme, please refer our website

18. DISPUTE RESOLUTION:

Any dispute arising out of or in relation to the Loan, including this Agreement and/or

Loan Documents shall be referred for arbitration to the sole arbitrator appointed by

the Lender. The Parties agree and confirm that the arbitration proceedings shall be

conducted in in accordance with the Arbitration and Conciliation Act, 1996 and the

rules applicable thereto. The venue of the arbitration shall be at New Delhi and the

arbitration proceeding shall be conducted in English language. The decision of the

Arbitrator shall be final and binding on the Parties. Pending the passing of final

award, the Borrower shall be liable to perform all its obligations under this

Agreement.

19. GOVERNING LAW:

The validity, interpretation, implementation and resolution of disputes arising out of

or in connection with thi Agreement shall be governed by Indian law. The Parties

agree that all matters arising out of this Agreement shall be subject to exclusive

jurisdiction of the courts or tribunals (as the case may be) at Delhi, India.

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[NBFC Letter Head]

SCHEDULE I

THE MOST IMPORTANT TERMS AND CONDITIONS – MITC

1. We refer to the application form dated <ApplicationDate> ("Application Form") for

grant of the Loan described below.

2. Capitalized terms used but not defined hereunder shall have the meaning

ascribed to the term in other Loan Documents.

3. The Borrower acknowledges and confirms that the below mentioned are the most

important terms and conditions in the application for the Loan (and which would

apply to the Borrower in respect of the Loan, if the request for the Loan is accepted

by the Lender) and they shall be read in conjunction with the Application Form(s),

and the Loan Agreement):

S.No.

Particulars

Details

Date of execution of the <LoanSanctionDate>

Agreement

Place of execution of <NBFC State>,<NBFC District>

the Agreement

Loan

Application <ApplicationNo>

Reference Number

Lender Name

Lender Address

Brief particulars of the Loan amount in Rs. <LoanAmount>

Loan sanctioned

Loan amount in words Rupees

by the Lender to the <LoanAmount Convert into words> Only

Borrower

Details of the Borrower:

Name:

Address of Residence:

<State>

Address

of <Address1>

communication:

<State>

Email id:

<Email>

Registered

mobile <Mobile>

number:

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[NBFC Letter Head]

GSTIN

Not Applicable

State PinCode

Type of Borrower

Individual

Loan Amount

INR <LoanAmount>

Security Amount

Nil

Tenure

<TenureDays> Days

Rate of Interest (p.a.%) <AnnualRateOfInterest>*100 % p.a. (Fixed)

EMI Amount

INR <EMIAmt>

Date of Disbursement

EMI Schedule

Kindly refer to Schedule II

Repayment Mode

A. ECS/NACH

B. NEFT

C. PDCs

D. RTGS

E. Standing instructions at the bank

F. Any other instrument suitable from time to time

G. E-Collection

NBFC Fees & Charges:

Loan

Processing <ProcessingFee>/1.18

Charges

(Excluding

GST)

Prepayment/Foreclosur Interest on the repayment amount shall be charged for

e Charges

the remaining days.

Late payment charges

1.18% of Loan

Penal

interest

One-time management

Amount

charges

Charge (inclusive of

GST)

Days Past Due, 1- Day 0.40% of Loan

Amount on

Daily Basis

(exclusive of

GST)

The accumulated Penalty shall be

Capped at 50.00% of loan amount as per

above table.

Overdue interest at an annualized interest

rate of <AnnualRateOfInterest>*100 p.a. will

be applicable per day on principal overdue

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[NBFC Letter Head]

NACH

Dishonor Rs 100

Charge

(Excluding

GST)

Platform

Fee

Charges

Platform

Credit <PlatformFee1>/1.18

Assessment Charges

(Excluding GST)

Platform

Face <PlatformFee2>/1.18

Recognition Charges

(Excluding GST)

Platform Onboarding <PlatformFee3>/1.18

Charges

(Excluding

GST)

Other Charges

As may be prescribed by the Lender from time to

time

Banking Details for As specified in the form above.

disbursal of Loan

Risk Category

The Borrower understands that the Co-Lenders have adopted risk-based pricing,

which is arrived by taking into account, broad parameters like the customers financial

and credit profile. Further, the Borrower acknowledges and confirms that the Co-

Lenders shall have the discretion to change prospectively the rate of interest and other

charges applicable to the Loan.

The Borrower acknowledges and confirms having received a copy of all Loan

documents including Sanction Letter, Personal Loan Agreement, Most Important Terms

& Condition along with its schedules attached there to.

The Borrower also hereby confirm that the contents of the copy of Loan Documents

have been explained to me in the language understandable by me and has understood

the meaning of all the provisions/contents of the loan documents and have voluntarily

executed the said loan documents upon understanding the content therein.

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[NBFC Letter Head]

Schedule II

(Repayment Schedule)

S.No.

Principal (INR) Interest (INR)

Due Date

Repayable

(INR)

<Generate

Dynamically> Dynamically> Dynamically> Dynamically> Dynamically>

<Generate

Dynamically> Dynamically> Dynamically> Dynamically> Dynamically>

(Note: The due date, interest and repayable amount is subject to change as per the

disbursement date of the loan amount.)

ACKNOWLEDGEMENT: Lender acknowledges receipt of your Application Form

together with the Loan Agreement. We will revert within 5 working days subject

to furnishing the necessary documents to Lender’s satisfaction

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[NBFC Letter Head]

***No Letter Head***

To,

SUB: DRAWDOWN REQUEST

1. Capitalized terms used hereunder shall have the meaning ascribed to it under the

application form dated <ApplicationDate> for grant of a "Digital Finance- Revolving

Credit Fixed Term (EMI) (the "Application Form") and the Standard Terms as

referred therein.

2. I hereby request a Loan of INR <LoanAmount> (Rupees <LoanAmount

converted into words> only) in the below mentioned Account:

Name of Beneficiary

Account Number

Type of Account

Saving Account

IFSC Code

3. I hereby confirm that no Event of Default or potential event of default has occurred

or is continuing.

4. This Drawdown Request is irrevocable. I shall not refuse to accept disbursement

of the Loan, except with approval of the Lender.

5. I hereby confirm that I authorize the Lender to deduct Platform Fee & Charges

mentioned

Schedule

INR

(<PlatformFee1>+<PlatformFee2>+<PlatformFee3>)*1.18 (Including GST) from

the disbursal of amount mentioned above and transfer it to <Fintech Company

Name> duly authorized by the lender.

Yours Faithfully

Borrower Name: <FirstName> <LastName>

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[NBFC Letter Head]

***No Letter Head***

DEMAND PROMISSORY NOTE

ON DEMAND, I, <FirstName> <LastName> (the 'Borrower') promise to pay to <NBFC

Name> including its successors and assigns, the amount of the Loan together with the

Outstanding Dues under the Personal Loan Agreement dated <LoanSanctionDate> (the

'Agreement') entered into between the Borrower and <NBFC Name>, amounting to a sum

of INR <LoanAmount> (Indian Rupees <LoanAmount converted into Words>) together

with interest as <NBFC Name> may fix from time to time, payable with

Weekly/Fortnightly/Monthly rests, from the date hereof, in terms of the Agreement. I/We

hereby waive the presentment for payment and noting and protest of this Demand

Promissory Note.

Capitalized terms used herein but not defined shall have the meaning as given to such

terms under the Agreement.

SIGNED AND DELIVERED by the with in named Borrower

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[NBFC Letter Head]

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[NBFC Letter Head]

***No Letter Head***

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