f Loan Application Number: FM25020622e91fdc Date: 06 Feb 2025

Personal Loan Agreement

Key Fact Statement

Product Name FIRSTmoney Personal Loan Customer Relationship No. 6494013911

Loan Account No. 111000017345 Disbursal Date 06 Feb 2025

Type of Loan Personal Loan Disbursal Schedule 100% upfront

EMI Due Date 8th of the month Tenure 12 Months

Total Loan Amount ₹ 51,000.00 Net Disbursed Amount ₹ 50,000.00

Processing Fee
₹ 1,000.00 Insurance Premium NIL
(Incl. GST)

Total Interest Charged

Stamping Charges ₹ 0.00 ₹ 3,907.00
During the Entire Tenor

Total Amount to
₹ 54907 EMI Amount ₹ 4,579.00
Be Paid by Borrower

Rate of Interest
(monthly reducing 13.75% Annualized Percentage Rate (APR) 17.66%
rate) %

Sanctioned Loan
₹ 51,000.00 Type of Installments Equated Monthly Installment
Amount

Type of Rate of Interest Fixed First EMI Date 08 Mar 2025

Customer Details

Name Hemanthkumar C Date of Birth 18 Jul 1987

Mobile Number 9141517777 PAN AEGPXXXXXX

S/O Chikkanna #26 1st cross, 1st main road vigneshwaran agara, herohalli behind arunodhaya school Bangalore
Residence
Nor th Bangalore, Bangalore, Bangalore North, Karnataka, 560091, INDIA
Address

Following Charges are applicable on your Loan (Schedule of Charges)

EMI Bounce charges per presentation ₹ 500.00

Late payment/Penal charges 2% of the unpaid EMI

Cancellation/Rebooking charges NIL

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Processing fees 2% of the loan amount (Inclusive of GST)

Foreclosure / Prepayment charges NIL

Part Payment charges NIL

Duplicate No Objection Certificate Issuance Charges ₹ 500.00

Physical Repayment Schedule ₹ 500.00

Physical Statement of Account ₹ 500.00

Document retrieval charges (per retrieval) ₹ 500.00

EMI Pick up/ Collection Charges ₹ 500.00

Cooling-Off Period 3 days

Clause of Loan agreement relating to engagement of

Clause 47 of the Terms and Conditions
recovery agents
Whether the loan is, or in future maybe, subject to
Yes
transfer to other REs or securitization (Yes/ No)

Visit following link to view list of authorized vendors:

https://www.idfcfirstbank.com/content/dam/idfcfirstbank/footer/agencies-
Details of Lending Service Provider (LSP) acting as recovery
list.pdf
agent and authorized to approach the borrower
Details of allocated agent will be communicated to you via SMS/email at the
time of collection.

Clause of Loan agreement which details grievance

Clause 32 of the Terms and Conditions
redressal mechanism

Nodal Officer:
[email protected] or call 022-41652700 between 09:30 am and
6:00 pm (Monday to Saturday, excluding bank Holidays)

Escalation:
Name, designation, address, and phone number of IDFCB’s Principal Nodal officer
Nodal grievance redressal officer Mr. Vipul Raj , PNO,
IDFC FIRST Bank Ltd. Building No.2, Raheja Mindspace, MIDC Industrial
Area, Shiravane, Juinagar, Nerul, Navi Mumbai 400706, Maharashtra, India.
Email - [email protected] or call 1800 209 9771 (24x7)
Privacy Policy:
https://www.idfcfirstbank.com/privacy-policy

Please Note:
01. Taxes levied as applicable by the Government from time to time.
02. The Bank may, at its sole discretion and on such terms as to part payment fees, etc., as it may prescribe from time to time, permit
foreclosure of the loan at the request of the Borrower subject to the applicable laws and if permitted by the Bank, the Borrower shall
pay to the Bank such part payment charges mentioned in the Annexure, as amended from time to time.

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03. All charges are exclusive of GST except mentioned otherwise

APR: Annual Percentage Rate - Effective annualized interest rate (in percentage) (computed on net disbursed amount using IRR approach
and reducing method). APR may slightly differ if loan application acceptance and disbursal date are different. Final APR shared herewith
the Loan Agreement.
Cooling–off period: The Borrower can exit the loan within the cooling-off/look-up period by paying the principal and the proportionate
charges without any penalty. The loan can be cancelled within 3 days in the cooling off period.

Illustration for computation of APR

Sl. No. Parameter Details

1 Sanctioned Loan amount (in Rupees) 51,000.00

2 Loan Term (in years/ months/ days) 12 Months

No. of instalments for payment of principal, in case of non-equated -

a)
periodic loans

Monthly
Type of EPI
b) Amount of each EPI (in Rupees) and 4,579.00
nos. of EPIs (e.g., no. of EMIs in case of monthly instalments)
12

c) No. of instalments for payment of capitalised interest, if any -

d) Commencement of repayments, post sanction 08 Mar 2025

3 Interest rate type (fixed or floating or hybrid) Fixed

4 Rate of Interest 13.75%

Total Interest Amount to be charged during the entire tenor of the loan as 3,907.00
5
per the rate prevailing on sanction date (in Rupees)

6 Fee/ Charges payable (in Rupees) 1,000.00

A Payable to the RE -

B Payable to third-party routed through RE -

7 Net disbursed amount (1-6) (in Rupees) 50,000.00

8 Total amount to be paid by the borrower (sum of 1 and 5) (in Rupees) 54907

9 Annual Percentage rate- Effective annualized interest rate (in percentage) 17.66

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10 Schedule of disbursement as per terms and conditions 100% upfront

11 Due date of payment of instalment and interest 8th of the month

Terms and Conditions Applicable to Personal Loan

The person(s) named in the Schedule hereto (hereinafter referred to as the “Schedule”) being borrowers, hereinafter collectively referred
to as “Borrower” which expression shall, unless it be repugnant to the context or meaning thereof be deemed to mean and include his/her
heirs, administrators and executors.
In favour of:
IDFC FIRST Bank Ltd, a Company incorporated under the Companies Act, 2013 and a banking company and a banking company within the
meaning of the Banking Regulation Act, 1949 having its registered office at IDFC FIRST Bank Ltd address KRM Tower, 7th Floor, No.1,
Harrington Road, Chetpet, Chennai - 600031 and a branch office in India at the address mentioned in the Schedule, hereinafter referred
to as “The Bank” (which expression shall, unless repugnant to the context or meaning thereof, shall be deemed to mean and include its
successors, transferees and assigns). In case of there being more than one Borrowers, the reference to the term “Borrower” shall be
deemed to be as if it were plural and this document shall be read accordingly as if made and liabilities undertaken by each of them jointly
and severally. Reference to the masculine gender includes reference to the feminine and neuter genders and vice versa.
The Borrower hereby irrevocable and unconditionally agree to abide by the following terms and conditions:
1. Pursuant to the application made by the Borrower in the Loan Application Form (“Application”), the Bank has sanctioned the loan not
exceeding the amount mentioned in the Schedule hereto(hereinafter referred to as “Loan”), and the Borrower agrees to borrower the
same, subject to and upon the terms and conditions contained in the Application and/or this document. The Bank may disburse the Loan
or any part thereof (“Disbursement”) at its own discretion. Notwithstanding \ anything contained herein:
(i) The borrower is aware that if disbursement/further drawdown is not accepted or not enchased by the borrower/previous financier
within the period of 90 days then Bank shall be entitled to the following:
a) The Bank shall have the right to recall the credit facility or stop further drawdown/disbursement.
b) The BT Cheque or DD issued in the name of previous financier/Borrower shall be cancelled.
c) The undrawn/ uncashed amount by the borrower/previous financier shall be adjusted towards Principal outstanding as part
prepayment of the loan amount, by giving effect to the EMI in the Loan and keeping the loan tenor constant.
d) Part payment charges won’t be levied on aforementioned adjusted amount.
e) Revised loan repayment schedule shall be assigned to the borrower.
f) Borrower won’t be entitled for refund of any processing fees, service charge and/or other charges / fees / costs (if any). All these
charges (if applicable) would be payable to the Bank whether or not the Credit facility has been drawn by the borrower.
(ii) The borrower is aware that BT Cheque OR DD will be reissued within the span of 90 days of disbursement only if the said Cheque or
DD is mutilated or has spelling error or for any reason is not acceptable by the previous financier.
(iii) The Bank may not disburse at any time, any amount under the Loan unless the following conditions are complied with in the sole
discretion of the Bank:
a) This Agreement is duly executed and delivered to the Bank by the Borrower;
b) The Borrower’s submission to the satisfaction of the Bank of a certificate of employment from his employer
and his financial statements;
c) The Borrower’s submission to the Bank, post-dated cheques towards repayment instalments; and
d) Any other document or writing as the Bank may require in its sole discretion.
e) The Borrower(s) having furnished such Security as may be required by the Bank, as more specifically detailed in the annexure,
in a form and manner satisfactory to the Bank.
2. The Bank may, at its sole discretion and on such terms as to foreclosure fees, etc., as it may prescribe from time to time, permit
foreclosure of the loan at the request of the Borrower subject to the applicable laws and if permitted by the Bank, the Borrower shall pay
to the Bank such Foreclosure charges mentioned in the Annexure, as amended from time to time.

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3. The Loan, interest, penal charges, dues and monies payable, costs and expenses reimbursable as outstanding from time to time
and whether any of them due or not, are hereinafter collectively referred to as “Outstanding Balance”. The Borrower shall pay interest
on the Loan, the unpaid due interest and all other outstanding charges at the rate of interest specified in the Schedule hereto, on the
outstanding daily balance from the date of disbursement, at monthly rests. The Bank in its sole discretion would be entitled to change
the said rate interest from time to time including on account of changes made by the Reserve Bank of India, which would be intimated to
the Borrower(s) and would be binding upon the Borrower(s). The Borrower shall also pay and bear all interest tax, if any, as applicable
from time to time. The Borrower (s) shall repay the Loan and pay the interest that is due from time to time by way of equated monthly
instalments (EMIs) as specified or as may be specified by the Bank from time to time (time being the essence of the contract). The
Borrower has perused, understood and agreed to the Bank’s method of calculating EMI’s as also the appropriation thereof into principal
and interest. The payment of all the monies by the Borrower including EMI’s shall be made on or before the respective due dates, at such
place as the Bank may require, without any set-off or counterclaim or withholding or deduction(save as required by law in which case the
amount payable by the Borrower to the Bank shall be increase to the amount which after making such deduction or withholding equals
the original due amount as if no withholding or deduction were required), by way of one or more modes and instruments including post-
dated cheques “PDCs”), Standing Instructions(SI)/Electronic Clearing System(ECS) instructions/other mode/ instrument, as acceptable to
the Bank from time to time. If any due date falls on a non-business day of the Bank, the payment shall be made by the Borrower on the
immediate preceding business day of the Bank. In case of cheques/other instrument, the payment shall be deemed to have been made
by the Borrower only at the point of time the sum is credited and realized fully in the Bank’s account irrespective of the date of instrument
or time of receipt or presentation of instrument. In case of any default, the Borrower shall without prejudice to the Bank’s right and
remedies, pay penal charges at the rate mentioned in the Schedule hereto/ Application or as may be prescribed by the Bank., over and
above the then applicable rate of interest till full payment is made/default is cured. This liability shall not act as justification for any
default.
4. The Borrower(s) shall pay to the Bank, the charges, fees, commissions, etc., specified on the Schedule hereto/Application or as
specified by the Bank from time to time, within such time or upon occurrence of such events as specified and if not specified then forthwith
upon demanded by the Bank. All other present and future costs and expenses, taxes as applicable form time to time), any related levy,
stamp duty, in all jurisdictions, in relation to this/other documents/any transaction pursuant thereto, irrespective of who the beneficiary
is, shall be borne and payable solely by the Borrower, including for creation, enforcement, preservation of security, recovery,
initiation/defending/pursuing any legal proceedings/action by the Bank. In case of any such sums if paid or incurred by the Bank, the
Borrower shall be liable to reimburse the same to the Bank in full forthwith.
5. Borrower is aware that penal charges mean charges which the Bank shall impose for delaying payments by the Borrower. Said
charges shall be over and above the applicable charges and interest rates as specified in the Schedule of Charges/Key Fact Statement and
the same may be amended from time to time by the Bank. It is further specified that penal charges as set out in the schedule are without
prejudice to the Bank’s right to recall the entire loan or to initiate any recovery action.
6. The Borrower agrees, declares and confirms that, notwithstanding any of the provisions of the Indian Contract Act, 1872 or any
other Law, or any terms and conditions to the contrary contained herein, the Bank may, at its absolute discretion, appropriate any
payments made by the Borrower under this Terms and Conditions or otherwise, towards the dues payable by the Borrower to the Bank
under this Terms and Conditions and/or other agreements entered into between the Borrower and the Bank and in any manner
whatsoever.
7. The Borrower who are liable to deduct the TDS, must pay TDS as per applicable rate for the interest and fees being paid to the
Bank. Borrower must deposit the TDS amount so due into the government account within the due date prescribed. Once returns are filed,
borrower must submit request letter along with TDS certificates in Form 16A generated from the income tax website to the Bank. Original
TDS certificates should be submitted for claiming the refund.
8. The Borrower confirms that the Goods and Service Tax Identification Number (GSTIN) (if applicable) provided in the application
form/ declaration is true and correct. The Borrower agrees and undertakes that the applicable tax rate will be determined using the
information provided by the Borrower and the input tax credit (ITC) will be available to the Borrower (if applicable) based on the GSTIN
and the related information/ details provided by the Borrower in the application form/ declaration. The Borrower further agrees and
undertakes that the Borrower shall not hold the Bank Limited liable for any loss of ITC arising due to incomplete, erroneous or wrong
details pertaining to GST provided by the Borrower in the application form/ declaration. The Borrower also further agrees and undertakes
that if the Borrower fails to furnish GSTIN, then the Borrower shall be treated as unregistered for Gods and Service Tax (GST) purpose and
no credit of GST will be provided to the to the Borrower.
9. Notwithstanding anything stated in any document, the continuation of the Loan shall be at sole an absolute discretion of the
Bank and the Bank at any time in its sole discretion and without assigning any reason call upon the Borrower to pay the Outstanding
Balance and upon such demand by the Bank, the Borrower shall, within 48 hours of being so called upon, pay the whole of the Outstanding
Balance to the Bank without any delay or demur.
10. The Bank may at its own discretion finance the Borrower for the insurance premium of insurance policy taken by Borrowers as
per Borrower’s own wish from any insurance company of Borrower’s choice, which sum(s) shall be added to the principal amount under
the Loan and all the terms and conditions shall be additionally applicable thereto. All expenses, charges, fees, taxes etc., as applicable on

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any such insurance shall be incurred and paid by the Borrower, however, in case paid by the Bank on Borrowers behalf, the Borrower
shall reimburse the same to the Bank within 24 hours of the Bank’s demand. The Borrower shall instruct the insurance company to add
the Bank as loss payee in any such insurance policy. Borrower is aware that insurance is non-mandatory and offered only to customer
who voluntarily choose to opt for the same and in case if the loan is cancelled, the insurance policy will also get cancelled automatically
and the certificate of insurance (if received/issued) will remain cancelled/ revoked.
11. The Borrower shall furnish and create such security from time to time in favour of or for the benefit of the Bank, of such value,
in such form and in such manner, as may be deemed fit by the Bank, forthwith upon so required by the Bank. the Bank shall also have the
right to stipulate any other and further terms and conditions that it may deem fit at any time prior to or after the grant of the Loan; which
shall be binding on the Borrower.
12. Each of the Borrowers represent(s) and warrant(s) that (which shall be deemed to have been repeated to the Bank on the date
of Disbursement and on each date thereafter till entire repayment) : (a) The Borrower is a citizen of India and a major (in terms of age)
and is of sound mind and is competent to contract and enter into and perform his/her obligations contemplated under this
document/other document/in respect of the Loan; (b) There is no impediment or restriction, whether under law, judgment, order, award,
contract or otherwise, for any of the Borrowers entering into and/or performing any of the transactions contemplated by this/ other
documents/in respect of the Loan and all approvals and consents, wherever necessary have been duly obtained and are and will continue
to be in full force; (c) The execution hereof constitutes legal, valid and binding obligations of the Borrower. (d) That there is no Event of
Default existing; (e) All declarations made by Borrower are true and complete and no material information has been suppressed /withheld.
(f) The Borrower(s) agree that if there are two or more Borrower(s), the Borrower(s) liabilities under this Loan terms and conditions shall
be joint and several. (g) With a view to induce the Bank to grant the Loan, the Borrower, hereby represents/warrants
to/covenants/undertakes with the Bank that the Borrower- (g.1) Shall utilize the loan for the purpose for which it is granted and not for
any improper/ illegal/ unlawful/ speculative/capital market related activities neither for purchase of gold in any form including primary
gold, gold bullion, gold jewellery, gold coins, units of Gold Exchange Traded Funds(ETF) and units of gold Mutual Funds. (g.2) If the loan
amount is used for investment made in shares, debentures, advances and inter corporate loans / deposits to other companies (including
subsidiary companies) and for any improper / illegal / unlawful /speculative/capital market related activities neither for purchase of gold
in any form including primary gold, gold bullion, gold jewellery, gold coins, units of Gold Exchange Traded Funds (ETF) and units of gold
Mutual Funds. (g.3) The Borrower(s) hereby represents/warrants to/covenants/undertakes that he/she shall utilize the loan for the
purpose for which it is granted and not for any improper/illegal/unlawful/speculative/capital market related activities neither for
purchase of gold in any form including primary gold, gold bullion, gold jewellery, gold coins, units of Gold Exchange Traded Funds(ETF)
and units of gold Mutual Funds. (g.4) The Borrower understands, acknowledges and agrees that the Facilities are uncommitted facilities,
are recallable by IDFC Bank on demand and may be cancelled and repudiated in part or in entirely by IDFC Bank at any time without notice
and without giving any reason. The Facility mentioned aforesaid will be available solely at IDFC FIRST Bank’s discretion and IDFC FIRST
Bank will not be liable for any action taken by the borrower on the basis of this sanctioned facility. Sanction or part disbursal of the facility
should not be construed as giving rise to binding obligations on the part of IDFC FIRST Bank to provide the facility mentioned aforesaid.
13. Borrower agrees that if he/ she avails any loan from the Bank then the PDC/SI/ ECS/NACH mandates issued under the said loan
shall continue and remain in force till such time all other dues under the Loan Agreement and in respect of all other loan/facility
obtained/to be obtained by the Borrower from the Bank/group companies are fully discharged and the Bank and/or its affiliates issue a
certificate of discharge. The PDC/SI/ECS/NACH mandate issued under any Loan Agreement and the liability of the Borrower shall not be
affected impaired or discharged. The Borrower covenants that the PDC/SI/ECS/NACH provided by the Borrower shall remain valid for the
balance due to the Bank, or any other financial benefits obtained by the Borrower from any of the affiliates of the Bank.
14. Negative Covenants : The Borrower covenants and agrees that, save and except with the prior, specific and express written
consent of the Bank, the Borrower shall not ; (a) create, assume or incur any further indebtedness to any person; or lend or advance any
amounts to any person; or undertake any guarantee or security obligations; (b) except in favour of the Bank, sell, license, let lease,
transfer, alienate, dispose of in any manner whatsoever, surrender or otherwise encumber any of its assets, rights, title or interest,
receivables, or any part thereof; or create, facilitate or permit to exist any charge, encumbrance or lien of any kind whatsoever over any
of its property or grant any option or other right to purchase, lease or otherwise acquire, any such assets or part thereof; (c) permit of
effect any direct or indirect change in the legal of beneficial ownership or control; (d) Change /cease/retire from/terminate/resign from
the present employment/ profession /business disclosed in the Applications; or change, terminate or open any bank account.
15. The following events shall constitute events of default (each an “Event of Default”), and upon the occurrence of any of them
the entire Outstanding Balance shall become immediately due and payable by the Borrower and further enable the Bank inter alia to
recall the entire Outstanding Balance and/or enforce any security and transfer/sell the same and/or take, initiate and pursue any
actions/proceedings as deemed necessary by the Bank to recovery of the dues; (a) Failure on Borrower’s part to perform any of the
obligations or terms or conditions or covenants applicable in relation to the Loan including under this/other documents including non –
payment in full of any part of the Outstanding Balance when due or when demanded by the Bank; (b) any misrepresentations or
misstatement by the Borrower; or (c) occurrence of any circumstance or event which adversely affects Borrower’s ability/capacity to
pay/repay the Outstanding Balances or any part thereof or perform any of the obligations; (d) if any attachment, distress, execution or
other process against the Borrowers/its assets or any of the security is threatened, enforced or levied upon by any person; or (e) fall,
reduction or decrease, in the opinion of the Bank, in values of any security lower than the values required by the Bank; (f) the event of

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death, insolvency, failure in business, commission of an act of bankruptcy of the Borrower, or change or termination of
employment/profession/business for any reason whatsoever. (g) if the loan amount is used for investment made in shares, debentures,
advances and inter-corporate loans/deposits to other companies (including subsidiary companies) and for any improper / illegal / unlawful
/speculative/capital market related activities neither for purchase of gold in any form including primary gold, gold bullion, gold jewellery,
gold coins, units of Gold Exchange Traded Funds (ETF) and units of gold Mutual Funds.
16. Notwithstanding anything to the contrary in this document or any other document or any other document/arrangement : (i) in
respect of all and any of Borrower’s present and future liabilities to the Bank, its affiliates, group entities, associate entities, parent,
subsidiaries, any of their branched (collectively “Relevant Entities”), whether under this document or under any other obligation/loan
facilities/borrowing/document, whether such liabilities are/be crystallised, actual or contingent, primary of collateral or several or jointly
with others, whether in same currency or different currencies, whether as principle debtor and/or as guarantor and/or otherwise
howsoever (collectively “Liabilities”), each of the Bank and the Relevant Entities shall in addition to any general lien or similar right to
which any of them as bankers may be entitled by law, practice, custom or otherwise, have a specific and special lien on all the Borrower’s
present and future stocks, shares, securities, property, book debts, all moneys in all accounts whether current, savings overdraft, fixed or
other deposits, held with or in custody, legal or constructive, with the Bank and/or any Relevant Entities, now or in future, whether in
same or different capacity of the Borrower, and whether severally or jointly with others, whether for any banking relationship, safe
custody, collections, or otherwise whether in same currency or different currencies; and (ii) separately, each of the Bank and the Relevant
Entities shall have the specific and express right to, without notice to and without consent of the Borrower, set – off, transfer, sell realize,
adjust appropriate all such amounts in all accounts (whether prematurely or upon maturity as per the Bank’s discretion), securities,
amounts and property as aforesaid for the purpose or realizing or against any of dues in respect of any of the Liabilities whether ear-
marked for any particular Liability or not, combine or consolidate all or any of accounts of the Borrower and set- off any monies, whether
of same type or nature or not and whether held in same capacity or not including upon happening of any of the events of default
mentioned in any of the documents pertaining to the respective Liabilities or upon any default in payment of any part of any the Liabilities.
(iii) the Bank and the Relevant Entities shall be deemed to have and hold and continue to have first charge on any assets including on any
assets including any deposit on which security has been/ will be created in respect of the Loan, as security also for any of the other
Liabilities and all the rights and powers vested in the Bank in terms of any security or charge created for the Loan shall be available to the
Bank and/ or the Relevant Entities also in respect of such other Liabilities, irrespective of the fact whether the Loan is at any time
outstanding, repaid or satisfies or not and even after the Loan has been repaid or prepaid.
17. The Bank shall at any time, without any consent of or notice to the Borrower (s) be entitled to securitise, sell assign, discount or
transfer all or any part of the Bank’s rights and obligations under the Loan, this document or any other document, to any person (s) and
in such manner and on such terms as the Bank may decide. Borrower shall not be entitled to directly or indirectly assign or in any manner
transfer, whether in whole or part, any rights, the benefit or obligation under the Loan, this / other document.
18. The Bank shall also be entitled to communicate in any manner it may deem fit, to or with any person or persons including
guarantors, person giving reference to loan, with a view to receiving assistance of such person or persons in recovering the defaulted
amounts including but not limited to visiting the property and/or any place of work of the Borrower.
19. The Bank shall be entitled at its discretion to engage/avail of, at the risk and cost of the Borrower, services of any person/third
party service provider/agent/ agency, for anything required to be done for/in relation to/ pursuant to the Loan, including collections,
recovery of dues, enforcement of security, getting or verifying any information of the Borrower/assets, and any necessary or incidental
lawful acts /deeds/matters and things connected thereto, as the Bank may deem fit.
20. The Borrower agrees that the Bank may share its mobile number and other personal information with the Borrower’s mobile
network operator and their third-party agencies for verification, evaluation and assessment of the Borrower and neither the mobile
network operator nor their third-party agencies shall be responsible for obtaining a separate consent for collecting, processing or storing
such information. The Borrower specifically grants his/her consent to such mobile network operators and their agencies to share the
results of such assessment with the Bank for processing of the Borrower’s loan application.
21. The Borrower further acknowledges that the Bank may undertake periodic assessment and monitoring of the Borrower during
the term of the loan and the Borrower grants his/her explicit consent to the Bank for receiving periodic information from the mobile
network operator and their third-party agencies for this purpose.
22. Except to the extent disclosed to the Bank: (i) all the Borrower’s contracts or agreements with, or any commitments to, any
affiliates or group companies (if applicable) are on arms’ length basis; (ii) (a) where the Borrower is an individual, he/ she is not a director
or specified near relation of a director of a banking company; (b) where the Borrower is a partnership firm/HUF/limited liability
partnership firm, none of the partners or members of the HUF is a director or specified near relation of a director of a banking company;
and (c) where the Borrower is a joint stock company, none of its directors, is a director or specified near relation of a director of a banking
company; (iii) (a) where the Borrower is an individual, that he/ she is not a specified near relation to any senior officer of the Bank, (b)
where the Borrower is a partnership firm/HUF/ limited liability partnership firm, none of the partners or members of the HUF, is a specified
near relation of any senior officer of the Bank, and (c) where the Borrower is a joint stock company, none of its directors, is a specified
near relation of any senior officer of the Bank. The Borrower agrees that the bank has an unconditional right to revoke and/or recall the

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 7
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entire loan facility if the disclosure as mentioned in this clause is found to be false.
23. The Borrower shall ensure that neither the Borrower nor any director/partner/member of the Borrower has been declared a
wilful defaulter; in case any director/partner/member has been declared as a wilful defaulter, the Borrower shall take expeditious steps
for removal of such person.
24. Borrower understands and acknowledges that there are inherent risks involved in sending the
instructions/communications/documents to the Bank via electronic mode viz., emails, SMS, etc., and hereby agree and confirm that all
risks shall be fully borne by him, and he assumes full responsibility for the same. He will not hold the Bank liable for any losses or damages
including legal fees arising owing to any miscommunication or technological error beyond the control of the Bank. Borrower shall be
responsible to ensure the authenticity, validity, or source of any instructions/documents and shall be liable if any instructions/documents
turned out to be unauthorized, erroneous, or fraudulent.
25. DISCLOSURE/SHARING OF INFORMATION
a) In the Event of Default, the Bank/IDFC First shall also be entitled to communicate in any manner it may deem fit, to or with any person
or persons including guarantors, person giving reference to loan, with a view to procure assistance of such person or persons in recovering
the defaulted amounts including but not limited to visiting the property and/or any place of work of the Borrower. b) The Bank will limit
the collection and use of customer information only on a need to know basis to deliver better service to the customers. The Bank may
use and share the information provided by the Customers with its Affiliates and third parties for providing services and any service-related
activities such as collecting subscription fees for such services and notifying or contacting the Customers regarding any problem with, or
the expiration of, such services. In this regard, it may be necessary to disclose the customer information to one or more agents and
contractors of the Bank and their sub-contractors, but such agents, contractors, and sub-contractors will be required to agree to use the
information obtained from the Bank only for these purposes. The customer authorizes the Bank to exchange, share, part with all
information related to the details and transaction history of the customer to its Affiliates/ other banks/ financial institutions/ credit
bureaus/ agencies/ participation in any telecommunication or electronic clearing network as may be required by law, customary practice,
credit reporting, statistical analysis and credit scoring, verification or risk management or any of the aforesaid purposes and shall not hold
the Bank liable for use or disclosure of this information also the customer consents to receive information about new products, offers,
promotions, receive communications, notices, and other information from the Bank and its agents/service providers/partners
etc.(whether through SMS, emails, phone call, automated phone calls or by any other means . The Bank values your relationship and will
at all times strive to ensure your privacy.
26. Force Majeure - The Borrower shall be liable to perform or fulfil its obligations at all point of time and shall not delay/postpone
performance, its obligations in whole or in part, even on the ground of any force majeure event such as acts of God, floods, cyclones,
explosion, earthquakes, epidemics, diseases, accidents, fires, wars, riots, strikes, lockouts , orders of governmental or other statutory
authorities, national emergency, terrorist attacks or any other similar causes.
27. The Bank shall have the right to not return the Application, the photographs, information and documents submitted by the
Borrower. the Bank shall, without notice to or without any consent of the Borrower, be absolutely entitled and have full right, power and
authority to make disclosure of any information relating to Borrower including personal information, details in relation to documents,
Loan, defaults, security, obligations of Borrower, to the Credit Information Bureau of India (CIBIL) and/or any other governmental /
regulatory / statutory or private agency/entity, credit bureau, RBI, the Bank’s other branches/subsidiaries/affiliates/rating agencies,
service providers, other banks/financial institutions, and third parties, any assigns/potential assignees or transferees, who may need the
information and may process the information, publish in such manner and through such may be deemed necessary by the publisher/the
Bank/RBI, 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. In this connection, the Borrower waives the privilege of privacy and privity of contract.
the Bank shall have the right, without notice to or without any consent of the Borrower, to approach, make enquires, obtains information,
from any person including other banks/finance entities/ credit bureaus, Borrower’s employer/family members, any other person related
to the Borrower, to obtain any information for assessing track record, credit risk, or for establishing contact with the Borrower or for the
purpose of recovery of dues from the Borrower.
28. Any notice, approvals, instructions, demand and other communications(including customer copy of Loan Agreement, Key Fact
Statement, Welcome letter, loan transaction documents etc., in reference to this Agreement given or made by the Bank shall be deemed
to be duly given and served if send by Normal post, courier, registered post, facsimile electronic mail, personal delivery, SMS ,instant
messaging app or by pre-paid registered mail addressed to the Borrower’s address, phone/ mobile number, fax number or email as given
in the Applications (or at the address changed on which the Bank’s acknowledgment is duly obtained as hereinafter mentioned) such
notice and service shall be deemed to take effect on the third working day following the date of posting thereof in case of normal post,
courier, registered post, at the time of delivery if given by personal delivery, upon receipt of a transmission report if given by facsimile,
upon sending the electronic mail or SMS if given by electronic mail or SMS. The Borrower always undertakes to keep the Bank informed
in writing of any change in the mailing address, email id, phone and mobile number (s) as provided in the Applications and to obtain the
Bank’s written acknowledgment on the intimation given to the Bank for any such change.
29. Borrower understands and acknowledges that there are inherent risks involved in sending and receiving

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 8
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
instructions/communications/documents via electronic mode viz., emails/ SMS/ WhatsApp messaging services etc., and hereby agree
and confirm that all risks shall be fully borne by him, and he assumes full responsibility for the same. He will not hold the lender liable for
any losses or damages including legal fees arising owing to any miscommunication or technological error beyond the control of the lender.
30. IDFC FIRST Bank shall not be liable or responsible for any breach of secrecy owing to communication/documents being sent
digitally. Borrower shall verify the authenticity of the emails, instant messaging app etc., and shall not hold the Bank responsible for any
statements received from frauds / imposters. Borrower shall not hold the Bank liable if any problem arises with his/ their
computer/mobile network. Borrower understand and agree that the email statements, SMS, documents, communications will only be
sent to the first holder of either registered email id/ registered Cell No/registered WhatsApp number. Borrower shall inform the Bank in
writing if there is any change in his/their communication address. The Bank shall not be responsible in case if the Borrower’s do not
receive the statements due to incorrect communication address provided by Borrower or due to technical reasons. Borrower undertakes
to take all necessary steps to ensure confidentiality and secrecy of the login name and password of the internet / email account.
31. Borrower shall be responsible to ensure the authenticity, validity, or source of any instructions/ documents and shall be liable
if any instructions/documents turned out to be unauthorized, erroneous, or fraudulent nor will any such communication amount to spam,
unsolicited communication or a violation of borrower(s) registration on the national do not call registry.
32. Grievance Redressal, Governing Law and Dispute Resolution
1. In event of any grievances, the Borrower may approach the nodal officer of the Bank, contact details of the nodal officer have been
provided in the Key Fact Statement (KFS).
2. The Parties agree that this Agreement shall be governed by the laws of India.
3. The Borrower hereby expressly agrees that all disputes arising out of and/or relating to this Agreement including any transaction
document which is –
a) below the pecuniary jurisdiction limit of the Debt Recovery Tribunals established under Recovery of Debts Due to Banks and
Financial Institutions Act, 1993 (51 of 1993), then such dispute shall be resolved through arbitration in accordance with the provisions of
the Arbitration and Conciliation Act, 1996 as may be amended, or its re-enactment, through the online dispute resolution("ODR")
platform. The party invoking arbitration (“Claimant”) shall address a notice to the other party (“Respondent”) suggesting the name of one
of the following ODR platforms (Designated Institution) as stated below or any other ODR platform as updated on the Bank’s website
from time to time:
i. Presolv360 ODR Institution; or
ii. Sama ODR Institution
The arbitration proceeding shall be conducted in the English language. The seat of the arbitration for the purpose of determining
jurisdiction shall be decided basis the zone wise distribution as provided below. The award passed by the arbitrator shall be final and
binding on the Parties.
The parties agree to carry out the arbitration proceedings virtually through an ODR platform of such institution and, for such purpose,
the email addresses and / or mobile numbers of the Borrower available, provided or otherwise referenced in the transaction documents
shall be considered. Each party shall be responsible for intimating such institution in the event of any change in its email address and / or
mobile number throughout the arbitration proceedings. In the event the arbitration proceedings cannot be administered virtually, then
the proceedings shall be conducted physically, and the venue of the proceedings shall be cities, as may be notified by the Bank, falling
under either of the zones mentioned hereunder-
1. East;
2. West;
3. North; and
4. South
b) above the pecuniary jurisdiction limit under Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993)
should be filed before appropriate Debt Recovery Tribunals.
33. This document, Application and other documents have been explained to the Borrower in the language known to the Borrower
and the Borrower has read and understood the same. The Borrower has affixed their signature after verifying and understanding the
contents of this document at the end of the schedule.
34. The Borrower unconditionally consent and authorizes the Bank to raise debits for such amounts as may be calculated by the
Bank from time to time and undertake to maintain sufficient balances to cover the Loan Repayment Dues (and charges, if any) on the
stipulated due dates. Borrower is aware that failure to repay loan amount through these instruction shall be treated as a default in
repayment of dues and all charges /penalties /levies as covered by the agreement will hold good towards the non-payment of obligations

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 9
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
The Borrower further undertakes that in the event of the above account getting closed / transferred for any reason, the Borrower shall
intimate to the Bank the new account opened with the bank to debit the Loan Repayment amounts as per the agreement. Borrower also
undertakes the responsibility to provide the fresh set of Mandate and security PDC’s for such new account, as per terms of the agreement
in lieu of existing instructions.
35. The borrower is aware that this document is an electronic record in terms of Information Technology Act, 2000 and rules there
under as applicable to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record
is generated by a computer system and does not require any physical signatures.
36. Electronic communications shall be deemed to have been received by borrower when we send the electronic communication
to the email address / mobile number / details provided by borrower or any other third party. Borrower undertakes that he will not hold
Bank or Banks business partners/ service providers/ authorized third parties responsible for any such communications received from
Bank/ its business partners/ service providers/ authorized third parties, nor will any such communication amount to spam, unsolicited
communication or a violation of borrower(s) registration on the national do not call registry.
37. Dues shall mean the principal/interest/any charges levied on the loan account which are payable within the period stipulated
as per the terms of sanction of the credit facility.
38. Overdue shall mean the principal/interest/any charges levied on the loan account which are payable, but have not been paid
within the period stipulated as per the terms of sanction of the credit facility. In other words, any amount due to the bank under any
credit facility is ‘overdue’ if it is not paid on the due date fixed by the bank.
39. Non-Performing Asset (NPA) - is a loan or an advance where interest and /or instalment of principal remains overdue for a
period of more than 90 days in respect of a term loan.
40. “First In First Out” (FIFO) - The relevance of ‘First in First Out’(FIFO) is in appropriation of payments into the borrower’s account;
The Principle of FIFO i.e., ‘First In First Out accounting method is relevant to arrive at the No of days of overdue for determining the
SMA/NPA status. The FIFO principle assumes that, the oldest outstanding dues in the loan account needs to be cleared first. The FIFO
method thus requires that what is due first must be paid by the borrower first. For example: - If in any loan account as on 01.02.2021
there are no overdues and an amount of Rs. X is due for payment towards principal instalment/interest/charges any payment being
credited on or after 01.02.2021 in the loan account will be used to pay off the dues outstanding on 01.02.2021. Assuming that nothing is
paid/or there is partial payment (Rs Y) of dues during the month of February, the overdue as on 01.03.2021 will be Rs. X-Y. Additionally,
an amount of Rs Z becomes due as on 01.03.2021. Now any payment partial payment into the account on or after 01.03.2021 will be first
utilized to payoff the partial due of 01.02,2021(Rs XRs Y). If there is more recovery that the Rs. X- Rs. Y then after recovering dues of
01.02.201, the remaining amount will be treated as recovery towards due of 01.03.2021.
41. Age of Oldest Dues – The age of oldest dues is reckoned in days from the date on which the oldest payment is due and continues
to remain unpaid. In the aforesaid illustration, if the Dues relating to 1st February 2021 remain unpaid till 01.03.2021, the age of the
oldest dues is reckoned as 29 days on 02.03.2021.
42. Classification as Special Mention Account (SMA) and Non-Performing Asset (NPA) Lending institutions will recognize the
incipient stress in loan accounts, immediately on Default, by classifying them as Special Mention Accounts (SMA) The basis of classification
of SMA /NPA Category shall be as follows:

Loans other than revolving facilities Loans in the nature of revolving facilities like cash credit/overdraft

Basis for classification – Principal or Basis for classification

SMA Sub- interest payment or any other SMA Sub- – Outstanding balance remains continuously in excess of
categories amount wholly or categories the sanctioned limit or drawing power, whichever is lower,
partly overdue for a period of:

SMA-0 Upto 30 days

SMA-1 More than 30 days and upto 60 days SMA-1 More than 30 days and upto 60 days

SMA-2 More than 60 days and upto 90 days SMA-2 More than 60 days and upto 90 days

43. Amortization Schedule/Repayment Schedule; -

The Amortization Schedule shall be provided separately after the disbursement of loan and shall consist of details pertaining to exact due

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 10
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
dates for repayment of loan, breakup between principal and interest, in case of loan facilities with moratorium on payment of principal
and or interest, the exact date of commencement of repayment etc., shall also be specified in the said amortization schedule.
44. If the PAN of the borrower is not linked with Aadhar, the borrower agrees to get it linked within 90 days of disbursal of this loan.
Illustrative movement of an account to SMA category to NPA category based on delay In on payment of dues and subsequent upgradation
to Standard category at day end process:

Due date of Age of SMA since

payment oldest dues SMA / NPA Date
Payment Date Payment covers in days Categorization NPA Date
Categorization /SMA class
date

01 .01.2022 01 .01.2022 Entire dues upto 01 .01 .2022 NIL

01 .02.2022 01 .02.2022 Partly paid dues of 1 SMA-O 01 .02.2022

01 .02.2022

01 .02.2022 02 .02.2022 Partly paid dues of 01 .02.2022 2 SMA-O 01 .02.2022 NA

Dues of 01.02.2022 not fully

paid
01 .03.2022 29 SMA-O 01 .02.2022
01.03.2022 is also due at EOD 01
.03.2022

Dues of 01.02.2022 fully paid,

Due FOR
1 SMA-O 01.03.2022
01.03.2022 not paid at EOD
01.03.2022

No Payment of full dues of 01.02.2022

01.02.2022 and 31 SMA-1 01.03.2022
01.03.2022 at EOD 03.03.2022

Dues of 01.02.2022 fully paid,

Due FOR
1 SMA-O 01.03.2022
01.03.2022 not fully paid at EOD
01.03.2022

No payment of dues of
01.02.2022,01.03.2022 and 01.02.2022,
01.04.2022 60 SMA-1
amount due on 03.03.2022
01.04.2022 at EOD

01.04.2022

No payment of dues of 01.02.2022/

01.02.2022 till 61 SMA-2 02.04.2022
01.04.2022 at EOD 02.04.2022

01.05.2022 No payment of dues of 90 SMA-2 01.02.2022/

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 11
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
 01.02.2022 till 02.04.2022
01.05.2022 at EOD 01.05.2022

No payment of dues of
01.02.2022 till 91 NPA NPA 02.05.2022
01.05.2022 at EOD 02.05.2022

Fully Paid dues of 01.02.2022 at

01.06.2022 01.06.2022 93 NPA NA NPA 02.05.2022
EOD 01 .06.2022

Paid entire dues of 01 .03.2022

01.07.2022 01.07.2022 and 62 NPA NA NPA 02.05.2022
01.04.2022 at EOD 01 .07.2022

Paid entire dues of 01 .05.2022

01 .08.2022 01 .08.2022 and 32 NPA 02.05.2022
01.06.2022 at EOD 01 .08.2022

Paid entire dues of 01 .07.2022

01 .09.2022 01 .09.2022 and 1 02.05.2022
01.08.2022 at EOD 01 .09.2022

01.08.2022 at EOD 01 .09.2022

Paid entire dues of 01 .09.2022 Standard Account STD from

01.10.2022 01.10.2022 and 0 with No Overdues
01.10.2022
01.10.2022

Note- Examples are illustrative and not exhaustive in nature covering common scenarios and that the IRACP norms and clarifications
provided by RBI on the subject will prevail.
45. In case the said loan is sourced through business correspondent, Bank shall be responsible to address the grievances of the
Borrowers in relation to acts of commissions and omissions of the said business facilitator/ correspondent.
46. The Bank shall have a right to sell or transfer (by way of assignment, securitization or otherwise) whole or part of the Loan and
outstanding amounts under the Loan or any other rights under this Agreement or any other document pursuant hereto to any person in
any manner or under such terms and conditions as the Bank may decide in its sole discretion. The Borrower shall not transfer or assign
the rights under this Agreement without previous written consent of the Bank. The Borrower hereby accords its consent to the Bank for
transfer of the Bank’s rights and obligations under this Agreement and other financing documents to any Person at the Bank’s sole
discretion.
47. Borrower hereby authorises the Bank to appoint recovery agents and thereby consents and agrees that the Bank shall be entitled
to disclose to such recovery agents/third parties all necessary and relevant information pertaining to the Borrower(s)and the loan and
the borrowers hereby consent to such disclosure by the Bank. Notwithstanding anything contained in this Agreement, the Borrower(s)
expressly accepts and authorizes the Bank (and/ or any such recovery agents/third party as the Bank may appoint) to contact Borrower
and disclose all necessary and relevant information pertaining to the Borrower(s).
48. Mode of Execution
a) The borrower is aware that this document is an electronic record in terms of Information Technology Act, 2000 and rules there
under as applicable to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record
is generated by a computer system and does not require any physical signatures.
b) Electronic communications shall be deemed to have been received by borrower when we send the electronic communication
to the email address / mobile number / details provided by borrower or any other third party.
c) The Borrower hereby expressly acknowledges and confirms that the Borrower has read, verified, understood, irrevocably agreed

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 12
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
to and accepted and delivered all the terms and conditions contained herein electronically by ticking / clicking / checking "I/we Agree" or
"I/we Agree and Accept" or any similar icon/tab/option on the online system / Website / portal / platform of the Bank/Merchant/ its
agent/ service provider/partners as well as by entering the one time password ("OTP") provided to the Borrower's mobile number
registered with the Bank or linked with Unique Identification Authority of India (UIDAI/Aadhaar Authority) or also biometric verification
through UIDAI, and that there is no requirement of Borrower's physical signature on the Loan Documents or of the Borrowers signing this
Agreement in physical form. The Borrower also acknowledges that the execution of this Agreement would be complete only once the
same is accepted by the Bank. The Bank shall be deemed to have accepted and signed this Agreement electronically by way of sending
an email/ letter through its officer or the Facilitator to the Borrower and attaching therewith the copy of this Agreement. For the purpose
of stamp duty, any writing on a stamp paper or franked page associating the stamp paper or such franked page with this document will
be as good as making the stamp paper/franked page an integral part of this document.
d) The parties agree that either party may use a computer-based system to issue certain Confirmations and that each such
Confirmation executed by a party by means of an electronically-produced signature, shall have the same legal effect as if, such signature
had been manually written on such Confirmation and that such Confirmation shall be deemed to have been signed by such party for the
purposes of any statute or rule of law that requires such Confirmation to be signed. The parties acknowledge that, in any legal proceedings
between them in any way relating to this Agreement, each party expressly waives any right to raise any defence or waiver of liability
based upon the execution of a Confirmation by a party by by means of an electronically- produced signature. e) If the PAN of the borrower
is not linked with Aadhar, the borrower agrees to get it linked within 90 days of disbursal of this loan.
49. Red Flagged Account is one where suspicion of fraudulent activity is thrown up by the presence of one or more Early Warning
Signals (EWS) indicators (as defined in relevant RBI circulars from time to time), alerting / triggering deeper investigation from potential
fraud angle and initiating preventive measures by the banks.
50. Classification of Account as Red Flag Account
1. The Borrower understands and agrees that, in case the loan account is classified as red-flagged account, the Bank shall conduct an
audit as per its Policy, for further investigation in the account.
2. The Borrower shall co-operate with the said audit and shall provide required information, documents, etc. to the Bank or any person
appointed by Bank for conducting the audit for further investigation in the account as per its Policy.
3. In case, the Borrower does not co-operate for conducting such audit, the Bank shall conclude the account, as as fraud, without giving
further notice.
51. The Borrower shall ensure that neither the Borrower nor any
director/partner/member/trustee/person being in charge of the management has been declared a wilful defaulter; in case any
director/partner/member/ trustee/person being in charge of the management has been declared as a wilful defaulter, the Borrower shall
take expeditious steps for removal of such person. The Borrower is aware that, in case any of his director/partner/member/trustee/
person being in charge of the management has been declared a wilful defaulter; then the Bank shall not renew/ enhance/ provide fresh
credit facilities or restructure existing facilities.
52. The para banking services provided by the Bank to the Borrowers for financial products shall be strictly on a non-risk participation
basis.
53. Borrower shall be liable to pay the Interest on outstanding loan balance for the duration it remains outstanding. Further, such
Interest calculation shall commence from the actual date of disbursement of the said loan. In the event of disbursement through cheque,
Interest shall be calculated from the date of handover of the cheque.
54. Notwithstanding anything to the contrary contained in this Agreement, Borrower is aware that insurance is non-mandatory and
offered only to customer who voluntarily choose to opt for the same and in case if the loan is cancelled, the insurance policy will also get
cancelled automatically by the Insurance Company and the certificate of insurance (if received/issued) will remain cancelled/ revoked by
the said Insurance Company.
Details of commission or fees of similar nature received by the Bank from insurance company for marketing insurance products is provided
in the Sanction letter.
55. IDFC FIRST Bank has the absolute discretion to amend or supplement any of the Loan terms and conditions at any time and will
endeavour to give prior notice of 15 days by email or put up on the Bank’s website, as the case may be for such changes wherever feasible
and such amended terms and conditions will thereupon apply to and be binding on the Borrower. Further, loan terms shall be subject to
changes based on the guidelines/ directives issued by RBI to banks from time to time.
56. I, the Borrower, acknowledge that I have read and fully understood Key Fact Statement and hereby agree, accept and undertake
to abide by the same.
57. The Borrower hereby expressly acknowledges and confirms that the Borrower has read, verified, understood, irrevocably agreed

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 13
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
to and accepted and delivered all the terms and conditions mentioned (including sub clauses), schedule of charges, Standing Instruction
(collectively, “Loan Documents”) online by ticking / clicking / checking the “I Agree” or “I Agree and Accept” or any similar icon/tab/option
on the online system / Website / portal / platform of Merchant/ its agent/ service provider/partners as well as by entering the one time
password (“OTP”) provided to the Borrower’s mobile number registered with the Bank, and that there is no requirement of Borrower’s
any other signature or physical signature on the Loan Documents or of the Borrower signing the Loan Documents in physical form. The
Borrower also acknowledges that the execution of the agreement would be complete only once the same is accepted by the Bank. The
Bank also does not require to sign the Loan Documents in any physical form. The Bank shall be deemed to have accepted and signed this
document online by way of sending an email/ letter through its officer to the Borrower and attaching therewith the copy of this document.
For the purpose of stamp duty, any writing on a stamp paper or franked page associating the stamp paper or such franked page with this
document will be as good as making the stamp paper/franked page an integral part of this document.
Note:“I/We are aware of the First EMI start date i.e., 3rd to 8th of every month, depending upon the date of disbursement."
Declaration:
1. I/We undertake and declare that if there are any changes in the particulars and information given by me/us while availing the
Loan facility, I/We shall within 30 days from the date of any such change in the particulars and information shall disclose the details of
such changes to the Bank without withholding the same.
2. I hereby provide the consent to bank to pull my KYC details from CERSAI & PAN details from NSDL as and when required by the
Bank for the compliance.

From,
IDFC FIRST Bank

Digitally Signed by IDFC First bank Ltd.

Date: Thu Feb 06 17:18:27 IST 2025
Reason: Loans
Location: Mumbai

Anubrata Basu
Business Head – Digital Lending (Consumer Loans)

Declaration Third Party Products

01. I request IDFC FIRST Bank Limited ("the Bank") to provide us a loan for the Membership/Insurance charges of approved insurance
service providers (hereinafter referred as "Service Providers"), and hereby authorize the Bank to deduct the said charges from the
Loan amount and pay the amount to the Service Providers.
02. I further understand that the aforementioned services are been offered to me by the aforesaid Service Providers and the Bank shall
not be responsible in any way with regard to the services provided or any other terms and conditions of the insurance
policies/products/facilities availed by me from the said service providers.
03. I hereby undertake that the Bank or any of its directors/employee/agents/affiliates shall neither be held responsible for any damages
or claims on account of aforementioned services or on account of simulated range of credit score not being the same or similar to
the actual credit score nor shall hold the Bank or any of its directors/employee/agents/affiliates for any damages suffered by me on
account of any financial decisions taken by me or anyone on my behalf on the basis of the interpretation, if any of the estimated
credit score.
04. I, hereby declare that I have read all the Features, Benefits, Exclusions and Claim Process of the aforementioned products/ and have
voluntarily opted for the same. I am aware that in Case of non-disclosure of material facts or fraud, there would be no refund of
premium paid.
05. I agree to abide by the Terms & Conditions of the products/policies and provide my consent to share my personal details, as required

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 14
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
 for opting for aforementioned products / policies.
06. I hereby give consent to the Service Provider to pay the claim amount/service fees up to the outstanding loan amount to the financer.
07. I hereby declare that the above statements and particulars are true, accurate and complete and I declare and agree that this
declaration and the answers given above shall be held to be promissory and shall be the basis of the contract between me/us and
the Service Providers.
08. Insurance is non-mandatory and offered only to customers who voluntarily choose to opt for the same.
09. In case if the loan is cancelled, the insurance policy will also get cancelled automatically and the certificate of insurance (if received/
issued) will remain cancelled/revoked.
10. I acknowledge that in no event shall IDFC FIRST Bank Limited be liable to me for any special, incidental, indirect, punitive or
consequential damages whatsoever (including, without limitation, damages of loss of goods or services, or any other pecuniary loss)
arising out of availing any third party product, use of said third party product, or inability to use said product or inability to avail the
policy/product/defective product, including breach of contract or warranty, negligence or other tortious action, or any other claim
arising out, the Borrower’s use of or access to the Policy /Product.
11. Further, IDFC FIRST Bank Limited shall have no liability to the Borrowers in respect of any loss or damage arising directly or indirectly
out of:
 Any defect in any Product/Policy supplied.
 Delay in delivery or non-receipt of Product/Policy purchased.
12. In no event shall IDFC FIRST Bank Limited be liable to the Customer/ Borrower for any special, incidental, indirect, punitive or
consequential damages whatsoever (including, without limitation, damages of loss of goods or services, or any other pecuniary loss)
arising out of the use of, or inability to use or access the Platform/ avail the facility/defective product, including breach of contract
or warranty, negligence or other tortious action, or any other claim arising out of the Borrower’s use of or access to the Policy /Plan
/Facility.
13. Further, under the Terms and Conditions, IDFC Bank Limited shall have no liability to the Borrowers in respect of any loss or damage
arising directly or indirectly out of:
 acts done by IDFC FIRST Bank Limited on the instruction of any person impersonating himself/herself as a Borrower;
 the exercise by IDFC FIRST Bank Limited of its right to terminate the Facility; or
 any injury to the credit character and reputation of the Borrower alleged to have been caused by the termination of the Facility.
14. The Borrower acknowledges that the Application Form and the Terms and Conditions give rise to a debtor-creditor relationship
between the Borrower and IDFC FIRST Bank Limited, and there is no service that is being provided by IDFC FIRST Bank Limited to the
Borrower. Further the parties understands that the provisions of the Consumer Protection Act, 1986 shall not apply to the Application
Form read with the Terms and Conditions.

Declaration

01. I wish to avail the banking facilities/products from IDFC FIRST Bank Limited ("IDFC FIRST Bank"), and have read, understood, and agree
to the Terms and Conditions herewith and displayed on the website of IDFC FIRST Bank i.e., www.idfcfirstbank.com, which may be
amended by IDFC FIRST Bank from time to time and hosted and notified on the website of IDFC FIRST Bank.
02. I declare that all the particulars and information given in the Application Form are true, correct, complete and up to date in all respects
and have not withheld any information whatsoever.
03. I confirm that no suit for recovery of outstanding dues or monies whatsoever and/or criminal proceedings have been initiated and/or
pending against the Applicant(s) nor any action or any steps have been taken or legal proceedings started by or against the Applicant(s)
in any court of law/other authorities for winding up, dissolution, administration or re-organization or for the appointment of a receiver,
administrator, administrative receiver, trustee or similar officer or for Applicant(s)' assets.
04. I declare that I have not made any payment in cash, bearer, cheque, or kind along with or in connection with this Application except
for any fees mentioned or any other fees prescribed in the Application Form to any executive collecting my application/and I/Applicant
shall not hold the Bank liable for any such payment made by me to any such executive collecting this application.

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 15
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
05. I further declare and confirm that the credit facilities if any enjoyed by the Applicant(s) with other banks/financial institutions/non-
banking finance companies has been disclosed hereinabove.
06. I agree that the Bank may at its discretion conduct discreet inquiries in respect of this application. I undertake to inform as to any
change in my occupation / employment, residential address and to provide any further information that the Bank may require within
30 days of such change. Bank will be at liberty to take such action as it may deem necessary if my above statements are found to be
untrue or not updated.
07. I understand and confirm that the Application Form and all other documents submitted by me to the Bank shall not be returned to
me and the Bank shall have the right to retain the same.
08. I am aware that submission of loan application to the Bank does not imply automatic approval of the Bank and that the Bank will
decide the quantum of the loan at its sole and absolute discretion, the Bank in its sole and absolute discretion may either sanction or
reject the application for granting the loan. In the case of loan cancellation, the applicable pro-rate interest charges on any outstanding
loan amount will have to be borne by me.
09. I understand that Processing fees, stamp duty are non-refundable charges and would not be waived/refundable in case of loan
cancellation or where the loan has not been disbursed.
10. I have read the application form and brochures and are agreeable to all the terms/conditions of availing finance from the Bank. I
undertake to inform the Bank/its Group Companies/its Agents regarding the change in Applicant addresses within 30 days and to
provide any further information that the Bank/its Group Companies/its Agents may require.
11. I agree that the Bank may provide the credit facilities mentioned herein only if permitted and if approved in the manner specified or
required by the Reserve Bank of India from time to time.
12. I have read, understood, and agree to the charges/costs, mentioned herewith. This Schedule of Charges is also displayed on
www.idfcfirstbank.com and updated from time to time.
13. I confirm that I shall not use the credit facility (or any part thereof) for any improper, illegal, or unlawful purpose/activities/speculative
or antisocial purpose. I have been read out and explained in the language known to me/us, the contents of the application form for
availing the loan from the Bank and I have signed the said Application Form after having understood them and by signing the same.
14. I hereby confirm that I am competent and fully authorized to give declaration, undertakings etc. and to execute and submit this
Application Form and all other documents on behalf of the Applicant(s) for the purpose of availing loan, creation of security and
representing generally for all the purposes mentioned/required to be done for these presents.
15. I hereby agree to abide by and be bound by all applicable rules/regulations/instruction/guidelines including but not limited to those
issued by the Reserve Bank of India, including the FEMA Regulations 2000 Governing EEFC Accounts, the Foreign Exchange
Management Act, 1999 and Foreign Account Tax Compliance Act, 2010 (to the extent applicable to India) and the Common Reporting
Standards (CRS), in force from time to time.
16. I confirm having declared our status as per the rules applicable under section 285BA of the Income Tax Act, 1961 (the Act) as notified
by Central Board of Direct Taxes (CBDT) in this regard.
17. I confirm that except to the extent disclosed to the Bank, no director or a relative (as specified by RBI) of a director of a banking
company (as specified by RBI) or a relative of a senior officer of the Bank (as specified by RBI) is - the applicant(s), or a partner,
managing agent, manager, employee, director of our concern, or of our subsidiary or our holding company, or a guarantor on my/our
behalf, or holds substantial interest in our concern or my subsidiary or holding company.
18. I undertake and declare that if there are any changes in the particulars and information given by me while availing the Loan facility, I
shall within 30 days from the date of any such change in the particulars and information shall disclose the details of such changes to
the Bank without withholding the same.
19. I am aware that if I opt for loan at reducing rates of interest, the Equated Monthly Instalment will comprise Principal and Interest
based on IDFC First Bank's advance rate which is subject to change from time to time.
20. I hereby submit voluntarily at my own discretion, masked Aadhaar as issued by UIDAI (Aadhaar), to IDFC FIRST Bank for the purpose
of establishing my identity / address proof and voluntarily give my consent in connection with me availing the Financial Facility from
IDFC and processing instructions for the said purpose and hereby give consent to IDFC First Bank for verification of my Aadhaar to
establish its genuineness through any such acceptable manner stipulated by UIDAI or under any Act or law from time to time. I have
also been explained that submission of this document is not mandatory. I have the option to submit any one of the documents as per
the list of Officially Valid Documents (updated by the RBI from time to time). I authorized IDFC FIRST Bank to mask out the Aadhaar
number through appropriate means on my behalf". IDFC First Bank has also informed me that this consent and my Aadhar will be
stored with IDFC First Bank with due safety.

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 16
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
21. EMI due date Logic:
i. On or before 18th of the month - 3rd/4th/5th/6th/7th/8th of next month of disbursal
ii. After 18th of the month - 3rd/4th/5th/6th/7th/8th of next-to-next month of disbursal
Example:
22. If loan is disbursed on 15th March (before 18th of the month), 1st EMI shall be presented on 3rd/4th/5th/6th/7th/8th April.
23. If loan is disbursed on 20th March (after 18th of the month), 1st EMI shall be presented on 3rd/4th/5th/6th/7th/8th May.
24. I am aware of the First EMI start date i.e., either 3rd/4th/5th/6th/7th/8th of every month, depending upon the date of disbursement.
I am aware that the effective interest rate calculation shall start prior to the First EMI start date from the month of disbursement,
notwithstanding the date of disbursement and I acknowledge that I shall not raise any dispute on the excess interest being charged
at the time of loan foreclosure (if any) owing to aforesaid calculation.
25. From the date of first disbursement, customer will be required to pay Pre-EMI interest (at the rate applicable to loan) till the time the
loan is fully disbursed.
26. Please note that one time processing fees, advance EMI and such other deduction including but not limited to deductions as applicable
and appropriate towards previous outstanding & other dues of existing loan, if any, which are closed pursuant to this personal loan
will be deducted upfront the Loan Amount.
27. As per the Agreement, the Borrower’s outstanding balance shall be payable by the Borrower to the Bank on demand. The Bank may
at any time, as its sole discretion, and without assigning any reason, recall the said Loan or call upon the Borrower to pay the
Outstanding Balance without any delay, demur, or protest.
28. I understand and confirm that the section of the Personal Loan shall be at the sole discretion of the Bank. I understand that upon
acceptance of this sanction letter and consequent disbursement of the loan amount by the Bank, I shall be bound by the Agreement.

29. *Any changes to the schedule of charges/terms of Agreement pursuant to changes in applicable laws/rules/regulations/market forces
will be available with any outlet of the Bank. The above information is applicable only in case of successful loan disbursal

Authorization cum Undertaking

01. I declare that all the particulars and information given in the Application Form are true, correct, complete and up to date in all respects
and have not withheld any information whatsoever.
02. I hereby authorize the Bank, without any notice to me to conduct credit checks, references, make enquiries, in its sole discretion and
also authorize the Bank and its agents to share and obtain information, records from any agencies, statutory bodies, credit bureau,
bank, financial institutions, or any third party in respect of the application, as it may consider necessary the Bank shall not be liable
for use/ sharing of the information.
03. I authorize the Bank and/ or its representatives, agents to communicate/ call/ SMS to me with respect to this Application or any other
promotional activities. I would like to know as well as avail the benefits of various Bank loan offer schemes or loan promotional
activities or any other promotional schemes and hereby authorize the Bank, its employees, agents, representatives, and associates to
do so. I confirm that laws in relation to the unsolicited communication referred in "national Do Not Call Registry" as laid down by
Telecom Regulatory of India will not be applicable for such communications/ calls/ SMSs received from the Bank, its representatives,
agents. The Bank reserves the right to retain the photograph and documents submitted with the Application and shall not returned
back.
04. I authorize the Bank to finance me for the premium of any third-party product available with the Bank, taken by me as per my own
wish from the said third-party of my choice under the Loan and all the terms and conditions shall be additionally applicable thereto.
All expenses, charges, fees, taxes etc., as applicable on any such third-party product shall be incurred and paid by me, however, in
case I have availed such product, then Bank will not be responsible for any cancellations of any third-party product and or after sales
service.
05. I hereby authorize the Bank to pay the fee and other amounts as may be payable directly to the institution concerned.
06. I undertake to submit the receipt for all the disbursements made from the loan account.
07. I will procure and furnish the securities in favour of Bank as and when stipulated and in the form and manner to the satisfaction of the
bank.

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 17
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
08. I authorize the Bank to submit application/other relevant documents submitted by me to CERSAI. I hereby provide my consent to
receive & download information from Central KYC Registry or from UIDAI through SMS/mail on the above registered number/email
address.
09. I authorize IDFC FIRST Bank to exchange, share or part with all the information provided herein with financial
institutions/agencies/statutory bodies/ other such persons, as may be required by IDFC FIRST Bank. I shall not hold IDFC FIRST Bank
or its agents/representatives liable for using/sharing such information.
10. I explicitly consent and authorize IDFC FIRST Bank Limited, it's associate companies, agents, agencies, partners, educational
institutions, credit reporting agencies and any other entity to verify any information such as enrolment verification, residence
verification, employment verification, telephone verification, credit Bureau check, document verification, reference checks etc., and
also exchange, share, part with all information related to transaction history as may be required by law, customary practice, credit
reporting, statistical analysis and credit scoring for verification or risk management and shall not hold IDFC FIRST Bank Limited liable
for use or disclosure of this information.
11. I confirm that I am not a Politically Exposed Person (PEP). PEPs are individuals who have been entrusted with prominent public
functions, including heads of Governments, senior politicians, senior government etc.
12. I hereby consent to receive information about my loans and offers on WhatsApp on my registered number.
13. I recognize my responsibility to ensure timely repayments of the EMI's at all point in time of the tenor of the loan.
14. I would honor the mandate/Standing Instruction/autopay at all times.
15. In the event of issuing fresh repayment instrument, I will continue to honor contractual obligations till loan closure.
16. I recognize that the Bank has all rights to proceed with all legal measures if the mandate/autopay is dishonored for whatsoever
reasons, including encashing / presenting the SI for the full balance value of the loan.

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 18
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
 Loan Account Number: 111000017345 Date: 06 Feb 2025

Repayment Schedule

Name Hemanthkumar C Product FIRSTmoney Personal Loan

Rate of Interest (monthly

13.75% Frequency Monthly EMIs
reducing rate) %

Amount Financed ₹ 51,000.00 Net Disbursal Amount ₹ 50,000.00

Remaining EMI(s) 12 Tenure (Months) 12

Opening Principal Interest

Installment No. Due Date EMI Amount Closing Principal
Principal Component Component

1 1741392000 51000 4579 4009 570 46991

2 1744070400 46991 4579 4021 558 42970

3 1746662400 42970 4579 4099 480 38871

4 1749340800 38871 4579 4114 465 34757

5 1751932800 34757 4579 4189 390 30568

6 1754611200 30568 4579 4207 372 26361

7 1757289600 26361 4579 4269 310 22092

8 1759881600 22092 4579 4339 240 17753

9 1762560000 17753 4579 4362 217 13391

10 1765152000 13391 4579 4429 150 8962

11 1767830400 8962 4579 4486 93 4476

12 1770508800 4476 4538 4476 62 0

TOTAL 54,907.00 51,000.00 3,907.00

*** END OF REPORT ***

This is a computer-generated letter and does not require signature.

Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 19
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255
Consent for this Loan Application no. FM25020622e91fdc was electronically provided by Hemanthkumar C on 20
06 Feb 2025 from registered mobile number 9141517777 from IP Address 152.58.211.255