(Bank Copy) Case Ref. No.

_____________
Wet Signature Card & Terms and Condition

Dear Customer,

Thank you for applying for Axis Bank Auto Loan

Please Note:

 Our representatives will contact you for verification of your residence/ office address and
contact details
 You can check your application status on the bank’s website with your Application ID which will
be sent to you shortly.

Declaration- Confirmation of Application and Acceptance of fees

I/We, confirm that I/We have applied for an Auto Loan with Axis Bank
and the sales personnel have explained the terms and condition & features of the product in detail. I/We
agree to be levied relevant fees (plus GST), as and when applicable as mentioned below:

Stamp Duty- At Actuals Duplicate No Dues Certificate- Rs. 500/- +

GST
Cheque Bouncing Charges- Rs. 500/- + Foreclosure- 5% of principal outstanding +
GST GST
Penal Interest- 2% per month Part Payment- 5% of part payment amount +
GST
Cheque swapping charges- Rs. 500/- + GST Issuance of credit report- Rs. 50 + GST
Loan Cancellation/Rebooking- Rs. 2500/- + Duplicate Re-payment schedule charges- Rs.
GST 500/- + GST
Statement Charges- Rs. 500/- + GST Documentation Charges- Rs. 500/-
Registration certificate collection Charges –
200/-
Note-

i) All of above charges are subject to change as per Bank’s discretion from time to time and
same will be communicated to the customer via Email/SMS/Website update.
ii) Goods and Service Tax(GST) will be charged extra as per the applicable rates, on all charges
and fees (wherever GST is applicable)
iii) Part payment will be allowed twice in loan calendar year and once in loan calendar month
iv) The minimum amount accepted for part payment will be equal to one EMI and maximum
amount will be 25% of the balance principal in one year.

I/We agree, to pay Processing fees/other charges, by way of deduction from disbursed amount/debit to
existing account no/cheque no. Processing fee once collected, will not be refunded in case of
withdrawal/rejection of the application.

I/We declare and agree that:

i. I/We am/are aware that sanctioning of the loan is at the sole discretion of the Axis Bank (Bank
hereinafter) and the loan amount will be decided by Bank after verification and necessary due
diligence and I/We hereby acknowledge that no commitment has been made to me in this
regard.
ii. I/We have reviewed and verified the details entered in the electronic application form and
declare same to be true, correct and updated and the reference number with respect to
electronic/digital application form has been generated by Axis Bank post my review, verification
and confirmation of the application details, including schedule of charges and interest rate.
iii. That the electronic/digital application form and Wet signature card together shall constitute Auto
Loan application documents, which will along with these terms and conditions, sanction terms

Wet Signature Copy – Ver.-1.1/112019 For Axis Bank Customers Only

 and all other documents executed in connection with the loan shall be collectively referred as
“Finance Documents”.
iv. I/We agree that bank has right to call for additional document if required. Also, Bank has the
right to retain the photograph/documents already collected by the Bank and the same will not
be returned even in case of rejection of application.
v. I/We have read, understood and hereby agree to the “Terms and Conditions” as applicable to
my loan set forth on the website www.axisbank.com, Electronic/digital application form. I/We
understand that access to any changes/updation in “Terms & Conditions” applicable to this
loan/relationship would be available in website only.
vi. I/We agree that in the event of non-payment of the Equated Monthly Installment/s (EMI/s) as
per the Auto loan agreement and even after issuance of reminders/ notices, if the loan is not
regularized, the bank has unequivocal right to seize the vehicle and such seizing of the vehicle
will not be perceived as a criminal offense by bank and or its agents. As any repossession
would be done as per the "Collection of Dues and Security Repossession Policy" of the Bank
vii. I/We agree that in case of non-payment of dues by the customer in case of any loan/facility
availed from the Bank and consequently the account is to be classified as NPA, all other loan
accounts of the Borrower, with the Bank also shall be classified as NPA as per the guidelines
issued by Reserve Bank of India (‘RBI’) and it shall entitle the Bank to recall all such loans/
facilities availed by the same customer from the Bank, irrespective of the regular repayment in
such accounts.
viii. I/We acknowledge and agree that Auto Loan Product offered by Axis Bank, including its terms
and conditions, are subject to regulatory and/or statutory guidelines, as may be stipulated from
time to time.
ix. I/We confirm that I have had no insolvency proceedings initiated against neither me/us nor have
I ever been adjudicated insolvent.
x. I/We authorize the Bank to make references and enquiries relative to information in this
application, which the Bank considers necessary.
xi. I/We also authorize the Bank to exchange, share part with all information relating to my loan
details and repayment history information to other Banks/Financial Institutions, etc. as may be
required and shall not hold the Bank liable for use of this information.
xii. I/We undertake to inform the Bank regarding change in my residence/ employment and to
provide any further information that the bank may require.
xiii. I/We agree that my/our loan shall be governed by the sanction terms, internal policies of the
bank and applicable RBI guidelines, which may be in force from time to time.
xiv. The borrower/guarantor(s) hereby agrees that, the borrower/guarantor(s) is/are liable to be
treated as a willful defaulter in terms of the applicable RBI guidelines, in the event, the bank
makes a claim on the borrower/guarantor(s) on account of the default made by the borrower,
and the borrower/guarantor(s) refuses to comply with the demand made by the bank, despite
having sufficient means to make payment of the loan.
xv. The borrowers/ guarantors agree to have given his/their express consent to the bank to disclose
all information and data published by Credit information companies (CIC’s) or any other credit
bureau permitted to operate in India. The borrower/guarantor further agrees that they shall
execute such additional documents as may be necessary for the purpose.
xvi. The borrower hereby gives specific consent to the bank for disclosing / submitting the ‘financial
information’ as defined in Section 3 (13 ) of the Insolvency and Bankruptcy Code, 2016 (‘Code’)
read with the relevant regulations/ rules framed under the Code, as amended and in force from
time to time and as specified there under from time to time, in respect of the credit/financial
facilities availed from the bank, from time to time, to any ‘Information Utility’ (‘IU’) as defined in
Section 3 (21) of the Code, in accordance with the relevant regulations framed under the Code,
and directions issued by RBI to the banks from time to time and hereby specifically agree to
promptly authenticate the ‘financial information submitted by the Bank, as and when requested
by the concerned ‘IU’.
xvii. I/WE confirm that we have received the copy of the “Code of bank’s commitment to customers”.
xviii. I/WE have been explained the content of the same and also understand that it is also available
online at bank’s website www.axisbank.com.
xix. I/We hereby declare that details furnished above are true and correct to best of my knowledge
and belief and I/We undertake to inform you of any changes therein, immediately. In case any

Wet Signature Copy – Ver.-1.1/112019 For Axis Bank Customers Only

 of the above information is found to be false or misleading or untrue or misrepresenting. I/WE
are aware that I/we will be held liable for it
xx. My/our personal KYC detail can be shared with central KYC registry. I/We hereby consent of
receiving the information from central KYC registry through sms, email on above registered
mobile number/ email address.
xxi. I/We hereby undertake that proceeds of this facility shall not be used for investment in capital
market or purchase of gold in any form including primary gold, gold bullion, gold jewelry, gold
coins, units of gold exchange traded funds (ETF), units of gold mutual funds and small saving
instruments.

xxii. The borrowers hereby undertakes that,

i) None of the directors of the bank or their relatives as defined in the RBI Master Circular - Loans
and Advances - Statutory and Other Restrictions is a director/partner, manager, managing
agent, employee or guarantor of the borrower or a subsidiary of the borrower or of the holding
company of the borrower and that none of them hold substantial interest in the borrower or its
subsidiary or its holding company.
ii) To the best of the borrower’s knowledge none of the directors of any other bank or the
subsidiaries of the banks or trustees of mutual funds/venture capital funds set up by the banks
or their relatives as defined in the RBI Master Circular - Loans and Advances - Statutory and
Other Restrictions is a director/partner, manager, managing agent, employee or guarantor of
the borrower or its subsidiary or its holding company and that none of them holds substantial
interest in the borrower or its subsidiary or its holding company.
iii) To the best of the borrower’s knowledge none of senior officials of the bank or the participating
banks/financial institutions under consortium or their relatives as defined in the RBI Master
Circular - Loans and Advances - Statutory and Other Restrictions is a director/partner,
manager, managing agent, employee or guarantor of the borrower or its subsidiary or its holding
company and that none of them hold substantial interest in the borrower or its subsidiary or its
holding company.
iv) In case if any of the above requirements is breached, the borrower shall inform the Bank
immediately.
v) In case of non-compliance and misrepresentation of the aforesaid undertakings by the
borrower, at any time during the currency of loan, the bank reserves the right to recall the loan
immediately.

I/We also confirm that I/WE are explained following:

i. Axis bank will convey its decision (within 2 weeks for credit limit up to 5lacs and within 3 weeks
for credit limit above Rs.5 lacs and up to Rs.25lacs for Micro & Small enterprises borrowers
and (within 30 working days for other borrowers) from dates of receipt of application provided
the application is complete in all respects and is submitted along with all documents as per
‘Documents list’ provided in the application for loan and/or any additional documents as may
be required by the bank for proper appraisal of the application. The computation of timeline
starts from the day on which all documents required for a proper appraisal of the application
are provided by the customer to bank.
ii. The bank may at its sole discretion sanction or decline the application. The bank shall convey,
the reasons, which in its opinion after due consideration, have led to rejection of application.
iii. The Bank will decide and assign the loan amount and no commitment has been given to me/us
for the same.
iv. The DSA/DST/any other executive has not collected any commission/ brokerage or any fee by
way of cheque or cash or any other mode, other than the cheque issues in favor of Axis Bank
Ltd.
v. Prepayments options are available (as per bank guidelines) for Auto Loan only. Part-payment
under Auto Loan only will be allowed twice in a loan calendar year and once in a loan calendar
month. The minimum amount accepted for part payment will be equal to one EMI and maximum
amount will be 25% of the balance principal in one year.

Wet Signature Copy – Ver.-1.1/112019 For Axis Bank Customers Only

vi. Governing Law1: These terms and conditions including any other finance document shall be
governed and construed in accordance with laws of India. Jurisdiction2: (a) The Parties agrees
that the Courts / Tribunals of [•] shall have exclusive jurisdiction in respect of any dispute arise
out of or in connection including any suit, action or proceedings (together referred to as
“Proceedings”) arising out of or in connection with these terms and conditions or any other
finance document may be brought in such courts or the tribunals.(b) Nothing contained herein
shall limit the right of the BANK to initiate any Proceedings in any other court or tribunal of
competent jurisdiction, nor shall the taking of Proceedings in one or more jurisdictions preclude
the taking of Proceedings in any other jurisdiction whether concurrently or not.

If the above declaration is found to be false then the Bank will be entitled to revoke and/or recall
the credit facility

Name of Primary Applicant: ________________________ .

Please affix & Please affix &
D.O.B:_____________ ID Proof No: ________________ cross sign cross Sign Co-
Applicant applicant
photograph photograph
Name of Co- Applicant: ___________________________ .

D.O.B:_____________ ID Proof No: ________________

Signature of Primary Applicant:

Signature of Co- Applicant/Guarantor:

Name, Emp. No & Sign of ASL Staff:

Name & Emp. No of SM & ASM Staff: ___________________________________

Branch/DSA/Dealer Name/Stamp - ___________________________________

Tablet Case ID & FinnOne app id no. ___________________________________

Date & Time: ___________________________________

Place: ___________________________________

SPACE TO AFFIX BAR CODE

1
[Note 1 on Governing Law: Indian laws/ Indian Court jurisdiction is applicable if all contracting parties are ‘persons resident in India’; majority assets (including secured
assets) are located in India; and the transaction is based out of India.
2
[Note 2 on Jurisdiction: Jurisdiction For Borrower (i) ‘Place of Execution’ is within North Zone : Courts/Tribunals in Delhi; (ii) ‘Place of Execution’ is within South

Zone : Courts/Tribunals in Chennai or Hyderabad or Bangalore; (iii) ‘Place of Execution’ is within East Zone : Courts/Tribunals in Kolkatta; & (iv) ‘Place of Execution’ is

within West Zone : Courts/Tribunals in Mumbai]

Wet Signature Copy – Ver.-1.1/112019 For Axis Bank Customers Only

(Customer Copy) Case Ref. No._____________
Wet Signature Card & Terms and Condition

Dear Customer,

Thank you for applying for Axis Bank Auto Loan

Please Note:

 Our representatives will contact you for verification of your residence/ office address and
contact details
 You can check your application status on the bank’s website with your Application ID which will
be sent to you shortly.

Declaration- Confirmation of Application and Acceptance of fees

I/We, confirm that I/We have applied for an Auto Loan with Axis Bank
and the sales personnel have explained the terms and condition & features of the product in detail. I/We
agree to be levied relevant fees (plus GST), as and when applicable as mentioned below:

Stamp Duty- At Actuals Duplicate No Dues Certificate- Rs. 500/- +

GST
Cheque Bouncing Charges- Rs. 500/- + Foreclosure- 5% of principal outstanding +
GST GST
Penal Interest- 2% per month Part Payment- 5% of part payment amount +
GST
Cheque swapping charges- Rs. 500/- + GST Issuance of credit report- Rs. 50/- + GST
Loan Cancellation/Rebooking- Rs. 2500/- + Duplicate Re-payment schedule charges- Rs.
GST 500/- + GST
Statement Charges- Rs. 500/- + GST Documentation Charges- Rs. 500/-
Registration certificate collection Charges –
200/-
Note-

i) All of above charges are subject to change as per Bank’s discretion from time to time and
same will be communicated to the customer via Email/SMS/Website update.
ii) Goods and Service Tax(GST) will be charged extra as per the applicable rates, on all charges
and fees (wherever GST is applicable)
iii) Part payment will be allowed twice in loan calendar year and once in loan calendar month
iv) The minimum amount accepted for part payment will be equal to one EMI and maximum
amount will be 25% of the balance principal in one year.

I/We agree, to pay Processing fees/other charges, by way of deduction from disbursed amount/debit to
existing account no/cheque no. Processing fee once collected, will not be refunded in case of
withdrawal/rejection of the application.

I/We declare and agree that:

i. I/We am/are aware that sanctioning of the loan is at the sole discretion of the Axis Bank
(Bank hereinafter) and the loan amount will be decided by Bank after verification and
necessary due diligence and I/We hereby acknowledge that no commitment has been
made to me in this regard.
ii. I/We have reviewed and verified the details entered in the electronic application form and
declare same to be true, correct and updated and the reference number with respect to
electronic/digital application form has been generated by Axis Bank post my review,
verification and confirmation of the application details, including schedule of charges and
interest rate.
iii. That the electronic/digital application form and Wet signature card together shall constitute
Auto Loan application documents, which will along with these terms and conditions,

Wet Signature Copy – Ver.-1.1/112019 For Axis Bank Customers Only

 sanction terms and all other documents executed in connection with the loan shall be
collectively referred as “Finance Documents”.
iv. I/We agree that bank has right to call for additional document if required. Also, Bank has
the right to retain the photograph/documents already collected by the Bank and the same
will not be returned even in case of rejection of application.
v. I/We have read, understood and hereby agree to the “Terms and Conditions” as applicable
to my loan set forth on the website www.axisbank.com, Electronic/digital application form.
I/We understand that access to any changes/updation in “Terms & Conditions” applicable
to this loan/relationship would be available in website only.
vi. I/We agree that in the event of non-payment of the Equated Monthly Installment/s (EMI/s)
as per the Auto loan agreement and even after issuance of reminders/ notices, if the loan
is not regularized, the bank has unequivocal right to seize the vehicle and such seizing of
the vehicle will not be perceived as a criminal offense by bank and or its agents. As any
repossession would be done as per the "Collection of Dues and Security Repossession
Policy" of the Bank
vii. I/We agree that in case of non-payment of dues by the customer in case of any loan/facility
availed from the Bank and consequently the account is to be classified as NPA, all other
loan accounts of the Borrower, with the Bank also shall be classified as NPA as per the
guidelines issued by Reserve Bank of India (‘RBI’) and it shall entitle the Bank to recall all
such loans/ facilities availed by the same customer from the Bank, irrespective of the
regular repayment in such accounts.
viii. I/We acknowledge and agree that Auto Loan Product offered by Axis Bank, including its
terms and conditions, are subject to regulatory and/or statutory guidelines, as may be
stipulated from time to time.
ix. I/We confirm that I have had no insolvency proceedings initiated against neither me/us nor
have I ever been adjudicated insolvent.
x. I/We authorize the Bank to make references and enquiries relative to information in this
application, which the Bank considers necessary.
xi. I/We also authorize the Bank to exchange, share part with all information relating to my
loan details and repayment history information to other Banks/Financial Institutions, etc. as
may be required and shall not hold the Bank liable for use of this information.
xii. I/We undertake to inform the Bank regarding change in my residence/ employment and to
provide any further information that the bank may require.
xiii. I/We agree that my/our loan shall be governed by the sanction terms, internal policies of
the bank and applicable RBI guidelines, which may be in force from time to time.
xiv. The borrower/guarantor(s) hereby agrees that, the borrower/guarantor(s) is/are liable to be
treated as a willful defaulter in terms of the applicable RBI guidelines, in the event, the bank
makes a claim on the borrower/guarantor(s) on account of the default made by the
borrower, and the borrower/guarantor(s) refuses to comply with the demand made by the
bank, despite having sufficient means to make payment of the loan.
xv. The borrowers/ guarantors agree to have given his/their express consent to the bank to
disclose all information and data published by Credit information companies (CIC’s) or any
other credit bureau permitted to operate in India. The borrower/guarantor further agrees
that they shall execute such additional documents as may be necessary for the purpose.
xvi. The borrower hereby gives specific consent to the bank for disclosing / submitting the
‘financial information’ as defined in Section 3 (13 ) of the Insolvency and Bankruptcy Code,
2016 (‘Code’) read with the relevant regulations/ rules framed under the Code, as amended
and in force from time to time and as specified there under from time to time, in respect of
the credit/financial facilities availed from the bank, from time to time, to any ‘Information
Utility’ (‘IU’) as defined in Section 3 (21) of the Code, in accordance with the relevant
regulations framed under the Code, and directions issued by RBI to the banks from time to
time and hereby specifically agree to promptly authenticate the ‘financial information
submitted by the Bank, as and when requested by the concerned ‘IU’.
xvii. I/WE confirm that we have received the copy of the “Code of bank’s commitment to
customers”.
xviii. I/WE have been explained the content of the same and also understand that it is also
available online at bank’s website www.axisbank.com.

Wet Signature Copy – Ver.-1.1/112019 For Axis Bank Customers Only

 xix. I/We hereby declare that details furnished above are true and correct to best of my
knowledge and belief and I/We undertake to inform you of any changes therein,
immediately. In case any of the above information is found to be false or misleading or
untrue or misrepresenting. I/WE are aware that I/we will be held liable for it
xx. My/our personal KYC detail can be shared with central KYC registry. I/We hereby consent
of receiving the information from central KYC registry through sms, email on above
registered mobile number/ email address.
xxi. I/We hereby undertake that proceeds of this facility shall not be used for investment in
capital market or purchase of gold in any form including primary gold, gold bullion, gold
jewelry, gold coins, units of gold exchange traded funds (ETF), units of gold mutual funds
and small saving instruments.

xxii. The borrowers hereby undertakes that,

i) None of the directors of the bank or their relatives as defined in the RBI Master Circular - Loans
and Advances - Statutory and Other Restrictions is a director/partner, manager, managing
agent, employee or guarantor of the borrower or a subsidiary of the borrower or of the holding
company of the borrower and that none of them hold substantial interest in the borrower or its
subsidiary or its holding company.
ii) To the best of the borrower’s knowledge none of the directors of any other bank or the
subsidiaries of the banks or trustees of mutual funds/venture capital funds set up by the banks
or their relatives as defined in the RBI Master Circular - Loans and Advances - Statutory and
Other Restrictions is a director/partner, manager, managing agent, employee or guarantor of
the borrower or its subsidiary or its holding company and that none of them holds substantial
interest in the borrower or its subsidiary or its holding company.
iii) To the best of the borrower’s knowledge none of senior officials of the bank or the participating
banks/financial institutions under consortium or their relatives as defined in the RBI Master
Circular - Loans and Advances - Statutory and Other Restrictions is a director/partner,
manager, managing agent, employee or guarantor of the borrower or its subsidiary or its holding
company and that none of them hold substantial interest in the borrower or its subsidiary or its
holding company.
iv) In case if any of the above requirements is breached, the borrower shall inform the Bank
immediately.
v) In case of non-compliance and misrepresentation of the aforesaid undertakings by the
borrower, at any time during the currency of loan, the bank reserves the right to recall the loan
immediately.

I/We also confirm that I/WE are explained following:

i. Axis bank will convey its decision (within 2 weeks for credit limit upto 5lacs and within 3 weeks
for credit limit above Rs. 5 lacs and upto Rs. 25lacs for Micro & Small enterprises borrowers
and (within 30 working days for other borrowers) from dates of receipt of application provided
the application is complete in all respects and is submitted along with all documents as per
‘Documents list’ provided in the application for loan and/or any additional documents as may
be required by the bank for proper appraisal of the application. The computation of timeline
starts from the day on which all documents required for a proper appraisal of the application
are provided by the customer to bank.
ii. The bank may at its sole discretion sanction or decline the application. The bank shall convey,
the reasons, which in its opinion after due consideration, have led to rejection of application.
iii. The Bank will decide and assign the loan amount and no commitment has been given to me/us
for the same.
iv. The DSA/DST/any other executive has not collected any commission/ brokerage or any fee by
way of cheque or cash or any other mode, other than the cheque issues in favour of Axis Bank
Ltd.
v. Prepayments options are available (as per bank guidelines) for Auto Loan only. Part-payment
under Auto Loan only will be allowed twice in a loan calendar year and once in a loan calendar
month. The minimum amount accepted for part payment will be equal to one EMI and maximum
amount will be 25% of the balance principal in one year.

Wet Signature Copy – Ver.-1.1/112019 For Axis Bank Customers Only

vi. Governing Law3: These terms and conditions including any other finance document shall be
governed and construed in accordance with laws of India. Jurisdiction4: (a) The Parties agrees that
the Courts / Tribunals of [•] shall have exclusive jurisdiction in respect of any dispute arise out of or in
connection including any suit, action or proceedings (together referred to as “Proceedings”) arising out
of or in connection with these terms and conditions or any other finance document may be brought in
such courts or the tribunals.(b) Nothing contained herein shall limit the right of the BANK to initiate any
Proceedings in any other court or tribunal of competent jurisdiction, nor shall the taking of Proceedings
in one or more jurisdictions preclude the taking of Proceedings in any other jurisdiction whether
concurrently or not.

If the above declaration is found to be false then the Bank will be entitled to revoke and/or recall
the credit facility

Name of Primary Applicant: ________________________ .

Please affix & Please affix &
D.O.B:_____________ ID Proof No: ________________ cross sign cross Sign Co-
Applicant applicant
photograph photograph
Name of Co- Applicant: ___________________________ .

D.O.B:_____________ ID Proof No: ________________

Signature of Primary Applicant:

Signature of Co- Applicant/Guarantor:

Name, Emp. No & Sign of ASL Staff:

Name & Emp. No of SM & ASM Staff: ___________________________________

Branch/DSA/Dealer Name/Stamp - ___________________________________

Tablet Case ID & FinnOne app id no. ___________________________________

Date & Time: ___________________________________

Place: ___________________________________

SPACE TO AFFIX BAR CODE

1
[Note 1 on Governing Law: Indian laws/ Indian Court jurisdiction is applicable if all contracting parties are ‘persons resident in India’; majority assets (including secured
assets) are located in India; and the transaction is based out of India.
4
[Note 2 on Jurisdiction: Jurisdiction For Borrower (i) ‘Place of Execution’ is within North Zone : Courts/Tribunals in Delhi; (ii) ‘Place of Execution’ is within South

Zone : Courts/Tribunals in Chennai or Hyderabad or Bangalore; (iii) ‘Place of Execution’ is within East Zone : Courts/Tribunals in Kolkatta; & (iv) ‘Place of Execution’ is

within West Zone : Courts/Tribunals in Mumbai]

Wet Signature Copy – Ver.-1.1/112019 For Axis Bank Customers Only