Stamp Duty ₹200.

00
Certificate No. IN-KA46227642180484V
Account Ref. No. SHCIL01 (CR)/ kashcil10/ MALLESHWARAM1/ KA- GN
Issued On 20-11-2023
Issued By SHCIL
Stamp mode e-Stamp Certificate
State Karnataka

Party Details
First Party YES BANK LTD
Second Party MANJULA BASALINGAPPA NEGINAL
Stamp Duty Paid By YES BANK LTD
Purchased By YES BANK LTD
Document Type Article 5(J) Agreement (In any other cases)
Description Loan agreement

Additional Details
Consideration Amount ₹315000 .00
Application number PL-2311150178

Note

Please be aware that this rec eipt titled Stamp Duty Payment Details is an ac knowledgement of the Stamp
Duty as paid by you and in no event be c onstrued as or equivalent to a Stamp Paper.
The authentic ity of the Stamp paper as purc hased by you should be verified at [Link] ilestamp.c om Any
disc repanc y in the details in this c ertific ate and as available on the website renders it invalid.
The onus of c hec king the legitimac y of the ac knowledgement and the stamp papers vests on the users of the
c ertific ate.

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Terms and Conditions applicable to PERSONAL LOAN

The Terms and Conditions of Personal Loan (collectively “the Terms”) contained herein constitute the
entire agreement between the Borrower and YES Bank Limited (“the Bank”) for availing the Personal
Loan. The capitalized terms used herein but not defined herein but defined in the Terms shall have the
same meaning as ascribed to them in the Terms.

SCHEDULE-CUM KEY FACT STATEMENT

Loan Account No. / APS 2311150178 Location Bangalore
ID
Agreement 20/11/2023 Borrowing Others
Date(DD/MM/YYYY) Purpose
Borrower Contact # 9036028329 Co-Borrower
Contact#
Name of the Borrower MANJULA BASALINGAPPA NEGINAL
Name(s) of the Co-
Borrower(s)
LOAN DETAILS AND CHARGES
Loan Amount: Rs. 315000.00 Loan Tenure:60 Months
Due date of EMI:04 Instalment Frequency:M
EMI Amount: Rs. 7411 EMI (No’s.):60
EMI Start Date (4th /8th):2023-12-04 EMI End Date:2028-11-04
EMI Scheme (Advance / Arrear):Arrear Statement of Account charges:Rs 750 per statement
Processing Fees (Amount): Rs2359 Processing Fees (in Words):Two Thousand, Three
Hundred and Fifty Nine
Interest rate(IRR) (Fixed Rate):14.50 % Legal/Incidental/ Collection Charges:At Actuals
per Annum
Pre-Part Payment 12 EMIs Stamp Duty and Other Charges as per the rates
and/or Foreclosure is Statutory charges applicable at the place of
not allowed upto execution of loan
payment of agreement
Pre-Part Payment 2% plus applicable Charges for late payment of 24% per annum on
charges taxes on part EMI amount outstanding from
payment amount date of default
paid
Terms of Pre-Part Part Prepayment can be done only once a year
Payment Amount received as part payment will be adjusted against the principal
outstanding
No. of EMIs will be reduced, EMI Amount will remain same for remaining
tenure

Pre Part Payment 13 – 24 Months of EMI repayment – 20% of POS

allowed (% of 25 – 36 Months of EMI repayment – 20% of POS
Principal Outstanding 37 – 48 Months of EMI repayment – 25% of POS
- POS) >48 Months of EMI repayment – 25% of POS

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Cheque/SI/ECS Rs 750 per Cheque/ECS/SI/NACH Rs 750 per transaction

Dishonour Charges presentation Swapping Charges:
Duplicate No Due Rs. 250 per Duplicate Statement of Rs. 750 per statement
Certificate / No statement Account Charges
Objection Certificate
Rs. 1000 + tax (In the
event of cancellation,
both cancellation and
interest charges will be
Duplicate Repayment Rs. 750 per Loan cancellation/ Re-
borne by the Borrower.
Schedule schedule booking Charges
Cancellation is allowed
within 15 days from the
date of disbursement of
loan.)
Foreclosure Charges 13-24 Months of EMI Repayment – 4% of POS
– Full Pre- Payment 25-36 Months of EMI Repayment – 3% of POS
charges (% of 37-48 Months of EMI Repayment – 2% of POS
Principal Outstanding > 48 Months of EMI Repayment – NIL
- POS)
Date on which annual
outstanding balance
On Demand
statement will be
issued
Tax as per applicable government laws would be charged on all fees and charges.
YES BANK Ltd follows defined instalment banking dates. If the disbursement takes place
between 1st and 20th of the month the EMI will fall due on 04th or 08th of the next month and if
the disbursement is between 21st and the end of the same month, the EMI will fall due on 04th or
08th of the next to next month.

PERSONAL LOAN AGREEMENT - TERMS & CONDITIONS

1. Definitions and Interpretation
1.1 In this Agreement, the following capitalized words shall have the following meanings:
“Branch” means the branch of the BANK situated at the place mentioned in the Schedule hereto
through which the Personal Loan is disbursed and shall include any other branch where the Personal
Loan account is maintained or transferred to any time at the sole discretion of the BANK.
“Borrower(s)” means and includes the Co-Borrower for the Personal Loan, as applicable.
“EMI” shall mean the amount payable every month on such date/s specified in the Schedule for the
term of the Personal Loan by the Borrower(s) to the BANK to amortize the Personal Loan comprising
interest and principal, or as the case maybe, only principal or interest.
“EDI” means the meaning assigned to in sub-clause 6.8 hereof.
“Interest Rate” means the rate at which the BANK shall compute and apply interest on the Personal
Loan, as stated in the Personal Loan, as stated in the Schedule or as maybe amended from time to
time by the BANK.
“Default Interest Rate” mean the rate as stated in the Schedule or as maybe amended by the BANK
from time to time at which the BANK shall compute and apply interest on all amounts not paid when
due for payment or reimbursement by the Borrower(s) to the BANK.
“Parties” mean the BANK and the Borrower(s) referred to collectively.
“Loan” means the principal amount of Loan granted by the BANK to the Borrower(s) (as specified in
the Schedule) in terms of this Agreement and shall include dues outstanding there under including
interests, costs, charges, expenses and all other amounts due in accordance with this Agreement if
the context so requires.
“Prepayment” means premature repayment of the Personal Loan by the Borrower(s) ahead of the
repayment tenor specified in this Schedule.

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“Prepayment Charges” means charges levied by BANK for prepayment as specified in the Schedule.
“Pre-Part Payment” means pre mature part repayment of the personal Loan by the Borrower(s)
ahead of the repayment tenor specified in this schedule.
“Pre-Part Payment Charges” means charges levied by BANK for part pre-payment as specified in the
schedule.
“Purpose of Personal Loan” means that the Personal Loan has been availed by the Borrower(s) for
the purpose as stated in the Schedule hereto.
“Rate of Interest” shall mean the interest rate mentioned in Schedule hereof payable by the
Borrower to the Bank in connection with the Loan.
“Repayment” means the repayment of the principal amount of loan, interest thereon and/or any
charges, premiums, expenses, fees or other dues payable in terms of this Agreement.
“Margin” shall mean the percentage as mentioned in the Schedule hereof
“Schedule” means the Schedule to this Agreement.
“Transaction Documents” include this Agreement, Schedule, Security Documents, and all other
agreements, instruments, undertakings, indentures, deeds, writings, and other documents (whether
financing, security or otherwise) executed or entered into, or to be executed or entered into, by the
Borrower or as the case may be, any other Person, in relation, or pertaining, to the transactions
contemplated by, or under this Agreement and/or the other Transaction Document, and each such
Transaction Document as amended from time to time.
1.2 In this Agreement, singular shall include plural and the masculine gender, the feminine or neuter
gender.
1.3 Any expressions not defined herein, if defined within the General Clauses Act, 1897, shall carry the
same meaning as assigned to it under the said Act.
1.4 In this Agreement, headings are for convenience only and shall not affect interpretation except to
the extent that the context otherwise requires.
1.5 Any reference to Article, Clause or Schedule shall be deemed to be a reference to an Article,
Clause or Schedule of this Agreement.
1.6 Any reference to any enactment or statutory provision is a reference to it as it may have been, or
may from time to time, be amended, modified, consolidated or re-enacted.
1.7 The arrangement of Clauses in this Agreement shall have no bearing on their interpretation.
2. BANK's Agreement to lend and Borrower(s)'s Agreement to borrow
2.1 The BANK agrees, based on the Borrower(s)'s request, representation, warranties, covenants and
undertakings as contained herein and in the application for Personal Loan to lend to the Borrower(s)
and the Borrower(s) agrees to borrow from the BANK, the Personal Loan on the terms & conditions as
fully contained in this Agreement and Schedule hereto.
2.2 The relationship between the BANK and the Borrower(s), as lender and Borrower(s) shall
commence from the date of this Agreement and shall subsist until all monies due and payable by the
Borrower(s) to the BANK under this Agreement, shall have been fully paid to and received by the
BANK.
3. Mode of Disbursement
3.1 The BANK shall disburse the Personal Loan in the manner given in the Schedule hereto. The
BANK shall credit the Personal Loan to a designated BANK account, details provided in the Schedule,
in the name of the Borrower(s) to be held with the BANK itself or with any other BANK or such BANK to
whom Electronic Debit Instructions are given as specified in Clause 6.8 hereinafter (“Personal Loan
Account”). In the alternative, the BANK may, at the request of the Borrower(s), disburse the loan by
issuing Pay Order drawn in favour of the Borrower(s).
3.2 In the event of Loan amount or any part/ parts thereof is disbursed to a person(s)/ entity(ies) (the
“Vendors”) other than the Borrower(s), the same has been done at the instructions of Borrower(s) and
the BANK is neither responsible nor liable for genuineness or authenticity of the Vendors or whether
the intended purpose for which the amount of said loan has been instructed to be disbursed by the
Borrower(s) will be fulfilled or not or that the quality, type, manner or period of delivery of the goods,
services, facilities, etc for which the loan amount has been paid, will be as expected by and/ or
promised by the Vendors to the Borrower(s). Any deductions made by the Vendors from the amount
paid shall be on the sole account of the Borrower(s).

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4. Interests, Fees and Costs

4.1 The interest on the Personal Loan shall accrue from the date of the BANK's disbursement of the
Personal Loan to the Borrower(s) and shall be computed:
a) at such periodicity as stated in the Schedule;
b) taking basis of 360 days in a year/365 days as per the case may be
c) at the Interest Rate as stated in the Schedule or as maybe prescribed by the BANK from time to
time; and
d) on the actual amount outstanding on the last day of the preceding period.
4.2 The Borrower(s) agrees and acknowledges that the Personal Loan shall bear Processing Charges
and other charges including but not limited to interest tax, stamp duty, costs and such other charges
as mentioned in the Schedule, which the Borrower(s) shall reimburse to the BANK in addition to the
Personal Loan and the interest accrued thereon. The Borrower agrees that the BANK shall at its sole
discretion, have the right to collect the Processing Charges stated in the Schedule at any time after
sanction and before disbursement.
4.3 The Borrower(s) shall also bear and reimburse separately to the BANK the following:
a)interest tax and other levied as maybe applicable from time to time
b)the cost of Stamp Duty on this Agreement and any other documents executed pursuant hereto, and
c)the costs and expenses involved or incurred by the BANK in the recovery of the Personal Loan, if
the Personal Loan or any part thereof, when due is not paid by the Borrower(s).
4.4 In the event the Borrower(s) holds a Personal Loan Account with the BANK, the Banks shall be
entitled to debit all other amounts due and payable by the Borrower(s) under this Agreement
(including but not limited to interest tax, fees, charges, stamp duty, costs and such other charges
specified in the Schedule) to the Borrower(s)'s Personal Loan Account, unless separately reimbursed
to the Bank by the Borrower(s).
4.5 Upon happening of any event of default including non payment of EMI, interests, fees, charges,
taxes and costs will attract interest at the Defaulted Interest Rate at the rate specified in the Schedule
on the principal outstanding from the date of default till the date the default is cured.
4.6 If the BANK has to arrange to collect the amounts payable by the Borrower(s) under this
Agreement every month from the Borrower(s) then Collection Charges of an amount specified in
Schedule for every such installment collected shall be levied to the Borrower(s) by the BANK.
4.7 If the Borrower(s) wishes to replace a post dated cheque with another then the Borrower(s) will be
required to pay Swap Charges of an amount specified in Schedule for every such replacement.
4.8 The BANK shall at its sole discretion, be entitled to revise the Interest Rate and Default Interest
Rate on the Personal Loan, without, assigning any reason for such revision and such revised rates
shall thereafter apply to the Borrower(s).
4.9 The Borrower(s) is aware that the Schedule hereto is not exhaustive and the charges are the rates
currently prevalent and can be changed and/or fresh/new charges can be added to, anytime and from
time to time, at the sole and absolute discretion of the BANK and such charges shall be binding on the
Borrower(s).
Further, the Borrower understands and agrees that the fees and charges as stated in the Schedule
are reasonable and non- refundable.
5. Conditions Precedent to Disbursement of Loan
5.1 The BANK may at its sole discretion not disburse any amount under the Personal Loan unless the
following conditions are complied with in the sole discretion of the BANK.
a) The Personal Loan Agreement is duly executed and delivered to the BANK by the Borrower(s)
b) The Borrower(s) procures in favour of the BANK, a Guarantee as maybe required by the BANK at
its sole discretion, of such person such as maybe approved by the BANK, for guaranteeing
repayment of the Personal Loan with interest and all other amounts payable in respect thereof;
c) The Borrower(s) submits to the satisfaction of the BANK, a certificate of employment from his/ her
employer , proof of practice of profession or vocation, trade licence/proof of business standing and
his/ her Financial Statements;
d) The Borrower(s) submits to the BANK, Post Dated Cheques (PDCs) towards repayment
installments;
e) The Borrower(s) submits to the BANK, cheques, authorization for debit for the Processing Charges
as stated in the Schedule; and

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f) Any other document or writing as the BANK may require at its sole discretion
5.2 The BANK may not, having disbursed any amount, disburse any further amount under the
Personal Loan, unless the following conditions are compiled in the sole discretion of the BANK
before such further disbursement.
a) No event of default as specified in Clause 9 hereinafter shall have occurred.
b) The Borrower(s) shall have produced evidence of the utilization of prior disbursements and also in
respect of proposed disbursements.
c) The Borrower(s) shall have produced his/ her periodic financial statements, and
d) The Borrower(s) shall have produced all other documents or writings as required by the BANK at its
sole discretion.
6. Repayment/ Prepayment
6.1 The Personal Loan (including the principal, interest thereon and any other charges, premiums,
fees, taxes, levies or other dues payable by the Borrower(s) to the BANK in terms of this Agreement)
shall be repayable by the Borrower(s) to the BANK;
(1)at the Branch (or at any branch of BANK or at any other place as maybe notified by the BANK);
(2)by way of EMI as mentioned in the Schedule towards repayment of principal and interest;
(3)by separate repayments:
(a)towards repayment of default interests, fees, charges, taxes, claims, costs and expenses or
(b)towards repayment of interest tax as maybe notified by the BANK to the Borrower(s)
6.2 The EMI amount shall be arrived at so as to comprise repayment of principal and payment of
interest calculated on the basis of the interest rate, periodicity of compounding, periodicity of
repayment, periodicity of effecting credits in the account so as to aim repayment of the entire liability
under the Personal Loan at the end of its tenor and the Borrower(s) agrees to continue paying EMIs
until all amounts due under the Personal Loan have been repaid in full to the BANK. The Borrower has
perused, understood and agreed to Bank's method of calculating EMIs as also the appropriation
thereof into principal and interest. The payment of all the monies by the Borrower including EMIs shall
be made on or before the respective due dates, by way of one or more modes and instruments
including post-dated cheques (“PDCs”), Standing Instructions (SI)/ Electronic Clearing System (ECS)
instructions/ National Automated Clearing House (NACH) mandates/ other mode/instrument, as
acceptable to the Bank from time to time. The Borrower acknowledges that any dishonour or return
unpaid of any instrument/ instruction/ mandate as above, whether physical or electronic, for any
reason whatsoever, including but not limited to stop payment, revocation/ withdrawal/ amendment/
cancellation of the instruction/ instrument/ mandate, shall amount to commission of an offence by the
Borrower and its signatories in terms of Section 138 of the Negotiable Instruments Act, 1881 or
Section 25 of the Payment and Settlement Systems Act, 2007, as the case may be.
6.3 The Borrower(s) agree that the copy of the statement of accounts of the BANK duly certified as
correct shall be binding on them as sums due and payable under this Agreement.
6.4 If any amount payable herein falls due on a day which is not a Business day, then such amount
shall be paid on a Business day immediately preceding such day. Business day shall mean a day on
which the lending office of the BANK is open for business and excludes Sundays and public holidays
as defined under the Negotiable Instrument Act, 1881
6.5 In case the Borrower(s) does not have an account with the BANK, the Borrower(s) shall provide to
the BANK, such number and amount of PDCs, drawn in the name of the BANK, as the BANK may
intimate to the Borrower(s) while providing the Personal Loan. The Borrower(s) agrees that in the
event any PDCs are lost, stolen, mutilated or destroyed or become unencashable due to any other
reason whatsoever, the Borrower(s) shall replace such PDCs by handing over fresh PDCs to the
BANK. However, if the Personal Loan is prepaid the PDCs will be cancelled and returned to the
Borrower(s).
6.6 The Borrower(s) may deliver Electronic Debit Instructions (“EDI”) to the BANK itself or to such
other BANK in which the Borrower(s) maintains his account, with respect to the Personal Loan Account
(which are popularly known as “Standing Instructions”) for payment of all EMIs that are payable by the
Borrower(s) to the BANK in accordance with this Agreement and the Schedule hereto. For such
purpose, the Borrower(s) shall sign and execute all documents/ applications and provide all such

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information/ documents as maybe required for effecting EDI by the BANK or such other BANK in which
the Borrower(s) maintains his account.
6.7 No notice, reminder or intimation will be given to the Borrower(s) regarding his/ her obligation to
pay the EMI regularly on each due date. It shall entirely be his/ her responsibility to ensure prompt and
timely payment to the BANK. Any delay or default in payment of any EMI shall make the Borrower(s)
liable to pay to the BANK, interest at the Default Interest Rate (for the period of such default) as
mentioned in the Schedule, besides constituting a default, thereby making all sums under this
Agreement due and payable to the BANK forthwith.
6.8 All repayments of principal and payment of interest and all other amounts by way of EMI or
otherwise shall be given effect to (only upon realization of Cheques/Demand Drafts) in accordance
with the method of effecting payment as stated in the Schedule or as adopted by the BANK, from time
to time.
6.9 EMIs maybe either fixed or growing EMIs, the indicated EMI shall be the EMI for the first
repayment.
6.10 The Borrower(s) shall not be allowed to prepay the Personal Loan and the interest thereon
unless the Borrower(s) has paid first 12 (Twelve) monthly instalments fully. Pre-payment may be
allowed by the BANK at anytime after the payment of the first 12(Twelve) monthly installments, by
giving the BANK written notice of 30 days. In such event the Borrower(s) shall, in addition to the
principal amount of the Personal Loan then outstanding and other costs, expenses, charges and
damages set out in this Agreement, also be liable to pay to the BANK on the expiry of the said 30 day
period an amount equal to the interest thereon till the date of payment and additional charges as
mentioned in the schedule on the principal outstanding as on the date of prepayment.
6.11 The Borrower shall not be allowed to partly prepay the Personal Loan and the interest thereon
unless the following conditions have been duly satisfied;
Pre-Part Payment allowed only post repayment of 12 EMI’s
Part Payment can be done only once in a year
In case of foreclosure /part pre-payment/ full POS repayment charges will be applicable as per
schedule.
In such event the Borrower(s) shall, in addition to the principal amount of the Personal Loan then
outstanding and other costs, expenses, charges and damages set out in this Agreement, also liable to
pay to the BANK an amount equal to the interest thereon till the date of payment and additional
charges as mentioned in the schedule on the principle outstanding as on the date of pre part payment.
7. BANK's Rights
7.1 The BANK shall:
a) In the event it is unwilling to continue the Personal Loan on account of regulatory or other reasons,
shall have the sole right at anytime during the tenor of this loan to recall the entire or part of the
Personal Loan without assigning any reason thereof;
b) have the sole right to amend at any time and from time to time any of the Terms including but not
limited to revising/ rescheduling the repayment terms/ amounts of EMI or any other amounts
outstanding thereunder, revision of Interest Rate (including the Default Interest Rate), any other
charges or fees, periodicity of compounding of interest, method of effecting credit of the repayments,
without assigning any reason and notify such change/revision/ amendment to the Borrower(s). The
Borrower(s) will be bound by such change/ revision and the Borrower(s) agrees that such revision/
change/amendment shall become applicable from date of such revision in the records of the BANK;
c) have the right to inspect books of accounts and other records maintained by the Borrower(s);
d) at the risk and cost of the Borrower(s) engage one or more person(s) to collect the Borrower(s)’s
outstandings and may furnish to such person(s) such documents, information, facts and figures as the
BANK thinks fit and may delegate to such person(s) the right and authority to perform and execute all
acts, deeds, matter and things connected therewith or incidental thereto as the BANK thinks fit. If any
default is committed by the Borrower(s), the BANK and the persons authorized by the BANK may
approach the Borrower(s)’s employer and/ or other person(s) and inform it/him/her of the terms of this
Agreement and/ or the default and/ or other matters and receive from it/him/ her any amount payable
by it/him/her to the Borrower(s);
e) be entitled at its absolute discretion and in the manner it deems fit to disclose/publish any
information about the Borrower(s), his/ her account relationship with the BANK and/ or any default
committed by him/ her in repayment of amounts/payment of interest (whether such information is
provided by the Borrower(s) or obtained by the BANK itself and whether in form or repayment conduct,

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rating or defaults) to its head office, other branch offices, affiliated entities, Reserve BANK of India,
other Banks, institutions, CIBIL (Credit Information Bureau (India) Ltd), its auditors, any refinancing
agency and such third parties including rating agencies as the Bank may, in its sole and exclusive
discretion, deem fit and proper. The Bank shall also be entitled to seek and receive any information as
it deems fit in connection with the Personal Loan and/ or the Borrower(s) from any third party, and
f) be entitled to require the Borrower(s), in the event of the Borrower(s) opting to resign or retire from
his current employment prior to the age of superannuation or is discharged or removed from service
before such date for any reason whatsoever, to instruct his/ her employer to remit the entire dues or
termination benefits (including compensation) becoming payable by the Borrower(s) from his/her
employer on account of his/ her such cessation of employment and to receive and appropriate the
same towards the Borrower(s)’s liability under the Personal Loan.
g) have the right to store financial data of the Borrower(s). This includes data which is not kept within
accounts of the BANK.
h) have a right to apply and/or appropriate and/ or set-off any credit balance of the Borrower(s) or any
monies/ assets (including but not limited to property, assets, securities, shares, stocks, and the like)
belonging to the Borrower(s) coming in the hands of the BANK towards the repayment of Personal
Loan upon occurrence of Event of Default. However, the BANK shall not be obliged to exercise any
right given to it herein.
i) The Borrower(s) acknowledge that certain services may be outsourced by the BANK to various
service provider/ third parties and in pursuance of which Borrower(s) information may be disclosed by
the BANK to such service provider/ third parties. The Borrower(s) hereby gives its consent to
disclosure by the BANK to such service provider/ third parties confidential information relating to
Borrower(s) and disclaims any liability that may arise by such disclosure by the BANK.
8. Borrower(s)'s Representation, Warranties, Covenants and Undertakings
8.1 The Borrower(s) hereby represents/ warrants to/ covenants/ undertakes throughout the
subsistence of this Agreement, with the BANK that
a) the information provided in the application for the Personal Loan and as contained herein is
complete and true in all respects.
b) there are no threatened or pending claims, demands, litigation or liquidation proceedings against
the Borrower(s);
c) the Borrower(s) declare that they are not prohibited by law from availing of the Loan.
d) The person(s) executing this Agreement and all documents on behalf of the Borrower(s) is/ are
entitled to do so and has/have been duly authorized to sign this Agreement and all documents and
writings. All consents required by the Borrower(s) for the execution and performance of this
Agreement have been duly obtained.
e) the Borrower(s) is a major and is of sound mind (where the Borrower(s) is/ are individual(s))
f) the Borrower(s) shall utilize the Personal Loan for the purpose for which it is granted and not for any
improper/ illegal/ unlawful/ speculative/ capital market related activities.,
g) the Borrower(s) shall repay to the BANK the Personal Loan in accordance with the Repayment
Terms mentioned herein.
h) the Borrower(s) shall use the Personal Loan Repayment Account as his main account and deposit
all his salary cheques, Professional and all other income therein and shall at all times maintain
sufficient balance in the said account to ensure payment of each EMI;
i) any dispute about interest computation shall not entitle the Borrower(s) to withhold payment of an
EMI;
j) the Borrower(s) shall provide to the BANK its financial statement and other information and
documents concerning his employment, profession, business or utilization of Personal Loan as the
BANK may require from time to time.
k) the Borrower(s) shall, within 7 (seven) days of the event, inform the BANK of any likely change in
his/ her employment and/or residential/ office address/telephone number, Email ID;
l) the Borrower(s) shall not, during the tenure of this Agreement, avail of or obtain any further loan or
facility for the same purpose without the prior written consent of the BANK.
m) the Borrower(s) shall ensure that none of the PDCs issued are returned dishonoured for any
reason whatsoever and is aware that in such an event cheque dishonour charges will be payable by
him/ her to the BANK as specified in the Schedule.
n) the EDI given to the BANK by the Borrower(s) pursuant to this Agreement
o) shall not be changed, modified or countermanded without prior written permission of the BANK,

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p) if not acted upon by the BANK in which the account is maintained for whatever reason, then without
prejudice to the rights of the BANK to recall the entire amount outstanding under the Personal Loan,
the Borrower(s) shall issue such revised instructions as maybe necessary to ensure payment to the
BANK in terms of this Agreement and/ or to issue and deliver PDCs for the balance outstanding under
the Personal Loan as per Schedule.
q) the Borrower(s) shall not:
i) close the BANK account/s from which the said cheques have been issued/EDI has been given;
ii) issue any communication to the BANK for stopping or postponing the presentment of the said
PDC/EDI
r) shall not stand surety or as guarantor for any third-party liability or obligation.
s) shall not leave India for employment or business or long stay or permanently, without first fully
repaying the Personal Loan then outstanding, with interest and other dues, including pre-payment
charges & Pre part payment charges if any and shall keep himself aware of all the rules of the BANK
as pertaining to the Personal loan and in force from time to time.
t) the Borrower(s) shall maintain, operate and fund the Personal Loan Account, if any, till the whole of
the Loan Amount, together with interest and charges thereon, is received in full by the BANK.
u) That the Borrower(s) is/are not facing any litigation which have been initiated by another financier
including banks;
v) That the Loan is not being availed for any activities relating to producing or consuming Ozone
Depleting Substances, in terms of Montreal Protocol to which Government of India is a part. Further
that the Purpose of the Loan is compliant with various environment laws and has obtained all relevant
environmental clearances for the proposed project. That the Borrower has instituted and shall from
time to time institute appropriate monitoring, evaluation and reporting process and confirms that the
project does not/ shall not have any negative environment or social impact and appropriate corrective
measures shall be taken as recommended by relevant authorities.
w) That each of these representations will remain correct and complied with so long as the Loan
and/or any sum there under remain outstanding.
x) That he/she is not a director or specified near relation of a director of a banking company;
y) That he/she is not a specified near relation to any senior officer of the BANK,
z) I/ We understand and acknowledge that the loan if provided by the BANK, based on this agreement
submitted by me/ us, is a commercial transaction and I/ We waive any defence under usury or other
law relating to charging of interest;
aa) I/ We undertake and confirm that I/ We shall ensure that the Guarantor(s), if any, observe all the
covenants, terms, conditions, restrictions and prohibitions of the guarantee/s and I/ We agree that any
violation of the same by the Guarantor(s) shall constitute an event of default under the agreement and
the BANK shall be at liberty to recall the loan and enforce the rights and remedies available to it.
bb) The Borrower agrees and undertakes to route all cashflows/ receivables through its BANK account
maintained with the BANK.
9. Events of Default
9.1 The BANK may, by a written notice to the Borrower(s), declare the Personal Loan to have become
due and payable forthwith upon the occurrence (in the sole decision of the BANK) of any one or more
of the following events:
a) The Borrower(s) fails to pay to the BANK any amount on or before and payable under this
Agreement (including an EMI) or furnish the PDCs or any other document/ agreement as may be
required by the BANK from time to time or if any PDCs are dis-honoured or EDI are not acted upon.
b) The Borrower(s) fails to pay to any person other than the BANK any amount on or before due date
and payable or any person other than the BANK demands repayment of the loan or dues or liability of
the Borrower(s) to such person ahead of its repayment terms as previously agreed between such
person and the Borrower(s)
c) The Borrower(s) defaults in performing any of his/ her obligations under this Agreement or
breaches any of the terms & conditions of this Agreement.
d) The Borrower(s) resigns, retires or is discharged or removed from the employment he/she was
engaged or changes, discontinues his profession on the date of this Agreement;
e) Any of the information/document provided by the Borrower(s) to avail the Personal Loan or any of
the Representations and Warranties contained herein or Application form is being found to be or
becoming incorrect or untrue;

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f) If the Borrower(s) is in breach of any term or condition of this Agreement (including in respect of
repayment of the Loan Balance);
g) On the death/ lunacy or other disability of the Borrower(s);
h) If the Borrower(s) becomes person resident outside India under the provision of Foreign Exchange
Management Act, 1999;
i) If there is reasonable apprehension that the Borrower(s) is unable to pay his/ her debts or any
person other than the BANK commencing proceedings to declare the Borrower(s) insolvent or if the
Borrower(s) shall become bankrupt or insolvent or commit act of insolvency.
9.2 The Borrower(s) agrees and confirms that the BANK may at its absolute discretion appropriate any
payments made by the Borrower(s) under this Agreement towards another agreement or transaction
entered into by the Borrower(s) and towards any other Indebtedness of the Borrower(s) and such
appropriation shall be final and binding upon the Borrower(s) who shall continue to remain indebted to
the BANK for payment of the dues under this Agreement in respect of which such sums of money
were so paid but were appropriated towards another agreement or transaction entered into by the
Borrower(s) or towards another Indebtedness of the Borrower(s).
9.3 It is clarified that upon occurrence of an Event of Default, the BANK shall be entitled to
cancel/recall the loan and to adopt civil and/ or criminal proceedings against the Borrower(s), including
for dishonour of cheques under Section 138 of Negotiable Instruments Act.
10. Assignment and Transfer
10.1 The BANK shall have a right to sell or transfer (by way of assignment, securitization or otherwise)
the whole or part of the Personal Loan in such manner and on such terms & conditions as the BANK
may decide at its sole discretion.
[Link] Borrower(s) expressly agrees, in the event of sale or transfer as aforesaid, to accept such
person to whom the Personal Loan is sold or transferred as his/ her lender and make the repayment
of the Personal Loan to such person in the manner directed by the BANK.
[Link] Borrower(s) shall not be entitled to transfer or assign any of his/ her rights under this
Agreement.
11. Arbitration Clause:
11.1. All disputes, differences and/or claim arising out of or touching upon this Agreement whether
during its subsistence or thereafter shall be settled by Arbitration in accordance with the provisions of
the Arbitration and Conciliation Act, 1996 or any statutory amendments thereof and shall be referred
to a Sole Arbitrator nominated by the Bank. The award given by the arbitrator shall be final and
binding on all the parties to this agreement.
11.2. It is a term of this agreement that in the event of such an arbitrator to whom the matter has been
originally referred to dies or is unable to act for any reason, the Bank, at the time of such death of the
arbitrator or of his unwillingness, refusal, neglect, inability or incapacity to act as arbitrator, shall
appoint another person to act as Sole arbitrator. Such a person shall be entitled to proceed with the
reference from the stage at which it was left by his predecessor or start afresh.
11.3. The venue of the arbitration shall be at Mumbai or such other place as may be determined at the
sole discretion of the Bank. Any award whether interim or final, shall be deemed for all purpose
between the parties to be made at the place of arbitration.
11.4. The language of the arbitration proceedings shall be in English.
11.5. The Arbitral tribunal shall order the cost to follow the event.
11.6. The rights and obligations of the parties under this Agreement which by their nature survive the
termination of this Agreement or which are specified to termination of this Agreement shall not be
extinguished by the termination of this Agreement. The representations, warranties, covenants,
undertakings and agreements made herein shall survive any investigation made by any party hereto
and the completion of the transactions contemplated hereby.
11.7. All notices and other communications on the Borrower(s), Co-Borrower(s) and Guarantor shall
be either to the address stated in this Agreement unless change of address was notified by the
Borrower or Co-Borrower/Guarantor or through e-mail, WhatsApp, SMS or any other electronic mode
provided that the transmission is verifiable.
12. Miscellaneous
12.1 The Parties agree that in any legal action or proceeding arising out of or in connection with this
Agreement, the entries made in the Books of Accounts maintained by the BANK shall be prima facie

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evidence or debt and of all amounts payable, as therein recorded,

by the Borrower(s) to the BANK;
12.2 If at any provision hereof is or becomes illegal, invalid or unenforceable in law, neither the legality,
validity nor enforceability of the remaining provision hereof, nor the legality, validity or enforceability of
other provisions shall in anyway be affected or impaired thereby.
12.3 The Parties agree that any delay or omission by the BANK in exercising any of its right, powers or
remedies as the lender of the Personal Loan under this Agreement and other documents pursuant
hereto shall not impair the right, power or remedy or be construed as its waiver or acquiescence by
the BANK.
12.4 The Parties confirm that this Agreement and its Schedule and any other documents executed
pursuant to this Agreement shall represent one single Agreement between the Parties.
12.5 Any notice or demand hereunder shall be in writing, signed by any of the BANK’s officers and
may be made by leaving the same or sending it through the post addressed to the Borrower at the
address specified in the Schedule or the address last known to the BANK; and a notice or demand so
given or made shall be deemed to be given or made on the day it was so left or, on the day of receipt
in the ordinary course as the case may be, and shall be effectual notwithstanding that the same may
be returned undelivered and notwithstanding the Borrower’s change of address .
12.6 This Agreement shall be subject to Indian laws
12.7 Unless the same falls within the jurisdiction of the Debts Recovery Tribunal established under the
Recovery of Debts due to Banks end Financial Institution Act, 1993, any and all claims and disputes
arising out of or in connection with this Agreement or its performance shall be settled by arbitration by
a single Arbitrator to be appointed by the Bank. The arbitration shall be held, in the city where lending
office of the Bank is situated, in accordance with the provisions of the Arbitration and Conciliation Act,
1996.
12.8 Subject to the provisions of the Recovery of Debts due to Banks Financial Institutions Act, 1993
and the arbitration provisions under Clause 12.7 herein, the Courts in the city where lending office of
the Bank is situated shall have exclusive jurisdiction in relation to this Agreement and all matters
arising in connection herewith.
12.9 Reference to the term Borrower(s) shall mean and include the Co-Borrower(s), if applicable. All
undertaking, representations shall be deemed to be made by each Borrower, singly and jointly. Each
Borrower shall be jointly and severally responsible for performance of the terms of this Agreement
including repayment of the Personal Loan, charges and interests thereon.
12.10 In the event of default, mentioned in clause 9 of this Agreement, the BANK and its
representative shall have the right to visit, call, the borrower(s) at his/her office and/or residence
during the normal working hours of BANK

Borrower has digitally Signed / e-signed the terms and conditions having read, verified, understood,
irrevocably agreed to, accepted, confirmed and declared all the clauses of the 'Terms and Conditions
of Personal Loan’ document, the schedule, all contents thereof including all the terms and conditions
contained therein, and authenticated accuracy and correctness of the same.

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