EASYPAISA LOAN TERMS AND CONDITIONS

By choosing to use this mobile lending service (“SERVICE”) you agree to establish a direct contractual
relationship with Telenor Bank (“BANK”) and you further agree to be bound by the BANK’s terms and
conditions of use of the SERVICE.

Event of Default: An “Event of Default” shall be deemed to have occurred if: (a) any representation
or warranty made by the Customer under or in connection with this Agreement shall prove to have
been incorrect in any material respect when made; (b) you fail to repay the Bank in such
installments on such dates as are specified in the your loan repayment plan (c) You fail to perform
your obligations towards the Bank as contained in this Agreement or otherwise; TERMS AND
CONDITIONS THAT WILL APPLY TO A EASYPAISA PRODUCT FROM THE BANK 1. APPLYING FOR AND
RECEIVING A EASYPAISA LOAN FROM THE BANK

1.1. If you are 18 or older then you may apply for a Easypaisa loan from the Bank. When you apply
for a loan, you instruct, consent to and authorize the Bank to provide certain information about you
to the Bank and for the purpose of offering a Easypaisa loan to you and for considering your loan
application. This information may include all data held by Telenor Pakistan and Telenor Bank about
you and or your Easypaisa Mobile Account. It specifically includes your mobile phone number, your
name, surname, date of birth, identity or passport number and includes all information relating to
your Telenor Pakistan subscription, Easypaisa Mobile Account and your use thereof of these services

1.2. If your application is approved, the Bank shall send an SMS to you to confirm: 1.2.1. the Loan
Amount; 1.2.2. the Service / Processing Fee 1.2.4. the Total Repayment Amount; 1.2.5. the Due
Date; 1.2.6. the Late Payment Fee.

1.3. You may accept or decline to take up a loan from the Bank by following the instructions
provided in the application menu on your mobile phone.

1.4. If your application is approved, the loan shall be paid directly into your Easypaisa Mobile
Account.

1.5.The Bank shall not be required to provide reasons to you for declining or approving your
application for a loan.

1.6. These terms and conditions may change from time to time and will be available on the Telenor
Bank website. You are therefore required to agree to these terms and conditions every time before
you apply for a loan.

1.9. You confirm your Personal Identification Number (PIN) shall be kept confidential.

1.10. You shall be liable for any misuses of the same and agree to indemnify youthe Bank against all
consequences of such misuse, the Bank’s staff will never require you to disclose your PIN.

1.11. The Bank shall not become liable for any misuse of Mobile account registered against your
CNIC for Easypaisa loan. The loan amount usage is complete responsibility of the customer and Bank
will not be responsible of any misuse.
1.12. Information provided via USSD - Father/Husband name, marital status & Occupation type - to
the Bank is accurate and I have not omitted or concealed any material facts which would render
such information incorrect, misleading or inaccurate

1.13. Father/Husband name provided is as per my CNIC record

2. REPAYMENT OF THE LOAN

2.1. Repayment of the loan shall happen by automatic deduction of the Repayment Amount from
your Easypaisa Mobile Account on the Due Date. If any portion of the Repayment Amount remains
unpaid after the Due Date any funds deposited into your Easypaisa Mobile Account will be
automatically deducted until repayment of the outstanding balance has been made in full. You
hereby authorize and instruct the Bank to automatically debit your account on the Due Date with
the Repayment Amount (or any other amount that may be due to the Bank in respect of your loan).

2.2. You may choose to pay the Repayment Amount directly on or before the Due Date by using the
repayment option on the loan menu. No refund of part of the finance charge shall apply in respect of
early settlement of the Repayment Amount.

2.3. A penalty, being the Late Payment Fee, of 2.5% (two and a half percent) of any Loan Amount
that remains unpaid on the Due Date shall automatically apply if you fail to repay the Repayment
Amount in full by the Due Date. For the avoidance of doubt, the Late Payment Fee is calculated on
the Repayment Amount net of any Service /Proceesing Fee outstanding. Should any payment be
made, such payment will first be utilised to repay any late payment Fee and then to repay the Total
Loan Amount due by you.

3. EXCLUSION OF LIABILITY

3.1 The Bank shall not become liable to you for any indirect or consequential loss or damage of
whatever kind, howsoever caused, arising out of or in connection with your application for or your
use of a Easypaisa loan.

3.2 You undertake to immediately inform the Bank in the event of loss or theft of SIM Card. It is
understood that you shall continue to be liable for all the transactions until receipt of aforesaid
intimation by you. You further undertake to accept full responsibility from all transactions made by
the use of the SIM, whether or not made with your knowledge or authority, and you will accept the
Bank’s record of transaction as binding for all purposes

4. DISCLOSURE OF INFORMATION

4.1. You hereby expressly consent and authorize the Bank and or Easypaisa to disclose, record
and/or utilize or process your personal or other information relating to your account with the Bank
to Easypaisa and/or to its affiliates and/or to its service providers. This shall include sharing this
information with or obtaining your information from:
4.1.1. Any local or international law enforcement or competent regulatory or governmental
agency/ies so as to assist in the prevention, detection, investigation or prosecution of criminal
activities or fraud;

4.1.2. Service providers, dealers, agents or any other associate company of the Bank for reasonable
commercial purposes;

5. MISCELLANEOUS

5.1. You hereby consent to the Bank ceding and assigning all and any rights or obligations accruing to
it under this Agreement to any third party without first obtaining any further consent from you.

5.2. If any provision of these terms and conditions shall be found by any duly appointed arbitrator,
court or administrative body of competent jurisdiction to be invalid or unenforceable, the invalidity
or unenforceability of such provision shall not affect the other provisions herein.

5.3. The Customer / you shall indemnify the Bank against any expense which the Bank shall certify
as incurred by it as a consequence of (i) any default in payment by the Customer /you of any agreed
sum under this Agreement when due, (ii) the occurrence of any Event of Default.

5.4. The sums owing from the Customer / you to the Bank shall be such as may be certified by a duly
authorized officer of the Bank and you agree to accept the same as conclusive and waive your right
to challenge the same in the absence of a manifest error.

5.5. All other terms and conditions of your Bank account maintained with Telenor Bank in any form
i.e. M-Wallet Account or any other Bank Account shall stand replicated and in full force during the
tenure of this loan.