Two Wheeler Loan Application Form

HerofinCorp CAS ID TWLIDJ11242341

09, Basant Lok, Vasant Vihar
New Delhi - 110057 Login Date 16/05/2022
Tel. +91-11-49487150 LMS APPLICATION NO. 27348544

Sourcing Details
Location INDORE Location Code IDJ Login Date and 16/05/2022 14:51:22
Time

MANUAL SUKHMANI 11237

Source Type DSA Name AUTOMOBILES (11237) DSA Code
SUKHMANI 11237 SUKHMANI AUTOMOBILES
Sub Dealer Name AUTOMOBILES (11237) Sub Dealer Code Disburse To (11237)

SE Name Damodar Shinde SE Code 168279 Existing HFCL No

Customer

TM Name Akash Premchandani TM Code 18767 Loan Account

Number
XCELERATE - + - HFCL
Program XCELLERATE+ Scheme Super Prime H-Version 3 Documents
Nil PF Dealer Urban Provided

Promotion NPDC PLUS Type of Id Proof

Applicant's Information
Salutation Mr. Name RAMESH MOKHAM SINGH Date of Birth 1/1/1983
Gender Male Marital Status Married LPG Number

Education Class 10th Father/Husband Mr MOKHAM SINGH Mother's Name SHURTI BAI
Name

Residence Status Parental Owned Monthly Rent(If Residence 39 Year 4 Month

Applicable) Stability

Contact Details
Mobile Number 7089664201 LandLine(Office) LandLine(Home)
Email Id

Mailing Address
529-KUNDAN NAGAR NEAR HARIDHAM GALI NO. 5 INDORE
Address Line 1 AHIRKHEDI INDORE Address Line 2 MANDIR INDORE Address Line 3
NEAR DARBAR TENKER 452013 INDORE
Landmark WALE INDORE PinCode City

State MADHYA PRADESH Years at Current 39 Year 4 Month Years at Current 39 Year 4 Month
Address City
Current address is
same as Yes
permanent
address?

Address
529-KUNDAN NAGAR NEAR HARIDHAM GALI NO. 5 INDORE
Address Line 1 AHIRKHEDI INDORE Address Line 2 MANDIR INDORE Address Line 3

NEAR DARBAR TENKER

 Nearest Landmark WALE INDORE PinCode 452013 City INDORE
State MADHYA PRADESH

Employment Details
529-KUNDAN NAGAR
Name of RAMESH BUILDING Office/Bussiness AHIRKHEDI INDORE GALI NEAR DARBAR TENKER
CONTRACTOR NO.5 INDORE NEAR HARI Nearest Landmark WALE
Organization Address
DHAM MANDIR INDORE
City/Village INDORE State MADHYA PRADESH Pin Code 452013
Customer Self Employed Non Years at Current 5 Year 4 Month Rs. 20000
Professional Income Monthly
Segment Job
Income Annual Rs. 240000

Financial Obligation
Loan EMI Rs. 2413 Bank Name CANARA BANK

Bank Details
CANARA BANK NEMAWAR ROAD CNRB0006649
Bank Name Branch INDORE IFSC Code

MICR Code 452015028 Account No 110048134000 Month 5/2022

Guarantor/Co-Applicant Information 1

Co-Applicant1 Information

Guarantor Salutation Name

Father/Husband Relationship with Date of Birth
Name borrower
Name of Company Designation Address Line 1
Address Line 2 City/Village State
PinCode Nearest Landmark Mobile Number

Guarantor/Co-Applicant Information 2

Co-Applicant 2 Information

Guarantor Salutation Name

Father/Husband Relationship with Date of Birth
Name borrower
Name of Company Designation Address Line 1
Address Line2 City/Village State
PinCode Nearest Landmark Mobile Number

Reference Details

Reference Information

Name INDER RATHORE Gender Male Relation Other

Other Relationship BROTHER Email Mobile Number 9826657613
530 KUNDAN NAGAR AHIRKHEDI
Address Line 1 INDORE Address Line 2 INDORE Address Line 3

Pin code 452013 City INDORE State MADHYA PRADESH

NEAR HARI DHAM
Landmark MANDIR INDORE
Proposed Loan Details

Asset Make HF 100 Assel Model HF 100 BS6 DRK CS FI BLACK Ex Showroom Rs. 51450
price
Insurance Amount Rs. 4878 RTO Charges Rs. 5412 On Road Price Rs. 61740
Approved Loan Rs. 53618 Processing Fee Rs. 0 PDC/ECS/ADM Rs. 0
Amount Charges
Document Rs. 1000 GST Rs. 0 Loan EMI Rs. 2413
Charges

____________________
Applicant
 Features Documents Applicant CoApp1 CoApp2
PAN Card/Form 60 (mandatory)
Proof of possession of Aadhaar Number
Indian Passport
Voter Identity Card
ID Proof (Any of
Document from the list Driving License (Booklet Form Not Accepted)
Job card issued by NREGA duly signed by an officer of the State
Government
Letter issued by the National Population Register containing details of
name and address
Indian Passport
Proof of possession of Aadhaar Number**
PAN Intimation Letter
Voter Identity Card
Address Proof for
Individual, (Any of Driving License (Booklet Form Not Accepted)
Document from the list) Job card issued by NREGA duly signed by an officer of the State
Government
Letter issued by the National Population Register containing details of
name and address
Latest House Tax Receipt
Pan Card
Indian Passport
Driving License (Booklet Form Not Accepted)
Signature Proof for Original Bankers Verification (not older than 30 days)
Individual/s (Any of
Documents from the list) Copy of any cheque issued in favor of HFCL (Subject to cheque must be
cleared)
Identity card with applicant's photograph & sign issued by Central/State
Government Departments
Registered Title Deed (Sale Deed, Conveyance Deed, Lease Deed, etc)
PAN Card
Indian Passport
Driving License (Booklet Form Not Accepted)
DOB Proof for
Individual/s (Any of the Birth Certificate/ Corporation Certificate (Should have name mentioned
Documents from the on it)
List)
Voter ID card with complete date of birth
High school mark sheet / certificate
Senior citizen id card issued by Government body
Registered marriage Certificate
PAN Card
Ration Card
Relationship Proof (Any
of the Document from Indian Passport
the list)
Voter ID Card
Birth Certificate
Driving license
 DECLARATION
I/We RAMESH MOKHAM SINGH Son/Wife/Daughter of Mr MOKHAM SINGH /Authorized Representative of. aged 39 years and residing/having registered
office/place of business at INDORE hereby confirm and warrant that -
a. I/We am/are citizen(s) of India and that all the information furnished by me/us is true and accurate against which I/We authorise the HFCL to make any
enquiries in this regard.
b. No insolvency/winding up proceeding or recovery suit of the outstanding dues/monies whatsoever or for attachment of my/our assets or properties and/or
criminal proceedings have been initiated and/or pending against me/us and me/us have never been adjudicated insolvent by any court or authority.
c. You may please credit all sums received by you either or all against my name and that the funds shall only be used for the specific purpose i.e. for purchase
of the asset (vehicle) as mentioned in the application form. I/We also agree that the asset(s) financed by the HFCL will stand, on purchase automatically
hypothecated to it.
d. I/We shall keep informed the HFCL, in writing, of any change in my/our contact information.
e. The HFCL is authorized to make enquiries with any finance company/bank/registered credit bureau/repository of credit history/TotalKYC etc. for KYC
information verification, credit risk analysis, or for other related purposes that the HFCL may deem fit and that my/our privilege of privacy and privity of
contract with regards the subject matter of my/our arrangement is expressly waived. I/We also confirm that the HFCL reserves the right to retain
photograph(s) and document(s) submitted.
f. I have seen the vehicle and fully satisfied with the condition of the vehicle. HFCL will not be responsible for any defect/ damage found in the vehicle at later
stage and any such situation will not affect the loan repayment. In case of loan cancellation/pre-closure, I will be fully responsible and bear the accrued
interest and cancellation charges applicable as per HFCL policy
g. I/We will not hold the HFCL or its agents or representatives responsible under any circumstances whatsoever in case my application is rejected and that the
HFCL or its agents or its representatives shall have no responsibility for the delivery/colour/make/performance of the asset applied for under this application.
h. I/We confirm having received read & understood the terms and conditions of the loan applied for, including the terms relating to repayment, interest & other
fees and unconditionally agree to abide/perform the same & also hereby accept that the terms and conditions may be changed by the HFCL at any time.
I/We also agree to abide by all the terms and conditions of all the related agreement(s). I/we also confirm that all my questions, doubts and queries with
regards the loan have been answered to my satisfaction and properly explained to me; which fact I/we shall no question, doubt or dispute at any future
date/event.
i. I/We acknowledge that HFCL adopts interest rate/pricing methodology based on various risks associated with the type of Loan, cost of funds, tenure of the
Loan, type & value of security, loan amount etc. Further HFCL periodically reviews the rate of interest and product features offered by it with those offered
by its competitors. For a borrower an additional risk premium may be included in the pricing based on the credit risk associated with the borrower which is a
function of the borrower's credit history, credit information, internal rating along with other factors like the borrower's source of income, professional
experience etc. Accordingly, the applicable rate of interest may be different for different categories of borrowers and may differ from one loan to other loan.
j. For any Insurance provided along with the loan, Hero Fincorp Limited will have no liabiality for any claim under the policy. The claim under the insurance
policy shall be processed as per the procedure of the Insurance Company.

I/we hereby authorise Mr/Ms SUKHMANI AUTOMOBILES (11237) for processing this Application Form with [Hero Fincorp] on my behalf and undertake to
provide all papers in original required for any clarification to the HFCL.

Please paste passport size latest color Please paste passport size latest color Please paste passport size latest color Dealer/DSA Stamp
photo of Applicant and sign across photo of Guarantor/Co-Applicant 1 and photo of Guarantor/Co-Applicant 2 and
sign across sign across

Signature Signature Signature Signature

VERNACULAR DECLARATION
The content of the loan application has been explained by me (the witness) to the Applicant in ______________________
(name of the language in which the applicant has signed) and the same has been understood by the applicant. The applicant
further confirms that he/she is acceptable to receive all the future correspondence in relation to this loan in English language.

Name of the witness ________________________ Signature Of Applicant in his own language:

(to be written in Applicant's handwriting)

Address of the witness _____________________ Signature Of Witness in English language:

(to be written in Witness's handwriting)

ACKNOWLEDGEMENT RECEIPT
We acknowledge the receipt of your Loan Application Form bearing no. ____________________. We will get back to you
within 14 (fourteen) working days either in writing (including via email, letter or telephone) with respect to the status of your
Loan applied with Hero FinCorp Limited. This is subject to furnishing of all the necessary documents by you, as mentioned
in the Loan Application Form or communicated to you by Hero FinCorp Limited during the loan appraisal process.
Wherever any additional information/documents is required to process the Loan Application Form, the same shall be
intimated to the Applicant within 14 (fourteen) days from the date of receipt of this form.

All loans will be sanctioned at the sole discretion of Hero FinCorp Limited.

Applican't Name :____________________

Name of the Relationship Manager: ___________________
Mobile Number of the Relationship Manager: ______________
Signature of the Relationship Manager: __________________
 DECLARATION

I/We RAMESH MOKHAM SINGH do hereby declare that what is stated above is true to the best of my knowledge and belief. I
further declare that I do not have a Permanent Account Number and my/ our estimated total income (including income of
spouse, minor child etc. as per section 64 of Income-tax Act, 1961) computed in accordance with the provisions of Income-tax
Act, 1961 for the financial year in which the above transaction is held will be less than maximum amount not chargeable to tax.

Verified today, the 16 day of May , 2022

Place: INDORE Signature of declarant

 SANCTION CUM DELIVERY ORDER

Reference 27348544 Date:

Branch INDORE

To,
SUKHMANI AUTOMOBILES (11237)

Dear Sir,
This is to inform you that Hero FinCorp Limited("HFCL") has sanctioned a two wheeler loan to RAMESH MOKHAM SINGH as per
the term and conditionsmentioned in the Sanction Letter bearing reference number 27348544 dated May 16,2022,as annexed
below.
Kindly arrange to deliver the Vehicle/Asset as per the loan details mentioned in the Sanction Letter. You are advised to collect DP
amount as initial payment from the said Borrower and collect all the required documents for the delivery of Vehicle/Asset.
Please take the signature of the hirer in the delivery challan and intimate us the Vehicles Engine No., Chassis No, Product Serial
No. in the copy of the delivery challan to be submitted to HFCLs representative.
For Hero FinCorp Limited

Authorized Signatory
 SANCTION LETTER
Ref No :27348544 Date: May 16, 2022
To,
Borrowers Name: RAMESH MOKHAM SINGH
Address: 529-KUNDAN NAGAR AHIRKHEDI INDORE NEAR HARIDHAM MANDIR INDORE GALI NO. 5 INDORE NEAR DARBAR TENKER
WALE INDORE 452013 INDORE MADHYA PRADESH
Email Id:
Subject: Your Loan Application Form dated May 16,2022 (Application)
Dear Sir/ Madam,
Your Application is sanctioned as per the below Vehicle/Asset & Loan details, kindly provide the necessary documents and down-payment and
take the delivery of the Vehicle/Asset. You are requested to please sign the invoice and delivery challan.

S. No. Particulars Description

1. Nature of Loan Two Wheeler Loan
2. Name of the Borrower RAMESH MOKHAM SINGH
3. Name of the Co-Borrower (if applicable)
4. Name of the Guarantor (if applicable)

5. Sanctioned Loan Amount INR 53618/-

Indian Rupees (in words)
6. Purpose of Loan TWL for Personal Use
7. Term 30
8. Asset Cost as per proforma invoice (per unit) INR-61740
9. Margin Money Rs 9240
10. No. Of Units 1
11. Disbursement Amount 50000
12. Down Payment 11740
13. Rate of Interest
i. Annualized Rate of Interest 23.435% p.a.
ii. Interest Type Fixed Floating
iii. Default Interest 3% of overdue amount
14. Repayment Schedule
i. Repayment Mode PDC NPDC FEMI Others,Please Specify_____________

ii. Equated Monthly Installment (EMI) Amount INR 2413.00 /-

Indian Rupees (in words) only
iii. Advance EMI Amount 0.00
iv. Total No. of EMIs 30
v. Date of Commencement of First EMI July 8, 2022
vi. Due date of each of the EMI 8 -of every month
vii. Repayment Account No. and Bank Name 110048134000 & CANARA BANK
15. Vehicle/Asset Details
i. Details of the SUKHMANI AUTOMOBILES (11237)
Manufacturer/Dealer/Sub-Dealer/DSA
ii. Variant HF 100 BS6 DRK CS FI BLACK
iii. Vehicle/Asset Description
iv. Make HF 100
v. Under Hypothecation With Hero FinCorp Limited
16. Security Details

i. Primary Security First and exclusive charge by way of hypothecation in favour of HFCL on the vehicle financed by
HFCL.
ii. Other Security,if any
17. Charges
i. Processing Fees
ii. Transaction Charges
iii.Default Charges
iv.Cheque Bounce Charges
v. Cheque Swap harges
vi. Retrieval of Loan Document
vii. Prepayment/Foreclosure Charges
viii. Legal,Repossession and Incidental Charges
ix. Loan cancellation charges
x. Taxes and Other Levies
18. Other Conditions, if any
19. Validity of the Sanction Letter 30 (thirty) days from the date of Sanction Letter
 GENERAL TERMS AND CONDITIONS

1. The sanction of the above mentioned Two Wheeler Loan and all the terms and conditions mentioned in this Sanction Letter are subject to the execution of a Loan cum
Agreement to Hypothecate and other documents in writing ( Loan Documents) as HFCL may specify in the prescribed formats. This Sanction Letter forms an integral part of
the Loan cum Agreement to Hypothecate. This Sanction Letter intends to summarize certain basic terms of the Loan and the Loan Documents and does not reflect an
agreement between HFCL and the Borrower in relation to the Loan.
2. The Loan Documents shall contain additional terms and conditions which have not been set out in this Sanction Letter and the Loan Documents shall be read together with the
terms and conditions specified in this Sanction Letter.
3. All the Charges including processing fees, legal, incidental expenses, inspection, legal search, insurance expenses, stamp duty, Taxes and out of pocket expenses in
connection with the proposed Loan shall be borne by the Borrower.
4. Notwithstanding anything contained in this Sanction Letter or otherwise, the sanction of the Loan mentioned overleaf is at the sole discretion of HFCL and the terms and
conditions in relation to the Loan are subject to modification and / or cancellation and / or repayment to HFCL, at the sole discretion of HFCL, on demand without assigning any
reasons for the same.
5. The Sanction of the Loan is subject to the Borrower having provided all such information and documents to HFCL as set may be required by HFCL from time to time or as may
be required under the Loan Documents.
6. HFCL, at its sole discretion, shall be entitled to revoke this sanction upon occurrence of any of the following events:
a) There is any material change in the purpose(s) for which the Loan has been sanctioned.
b) In the sole judgment of HFCL, any material facts have been concealed and / or become subsequently known.
c) Any statement, declaration, undertaking or disclosure made by, or on behalf of, the Borrower in the application or otherwise is incorrect, inaccurate, incomplete or
misleading.
d) There is a default or a breach of the terms and conditions of this Sanction Letter,the Loan Documents or any other loan offered by HFCL or its group company to the
Borrower/Co-Borrower.
e) If there is any bankruptcy or insolvency proceeding against the Borrower.
f) Relevant documents are not executed by the Borrower as per HFCLs policy and format.
7. HFCL reserves the right, at its sole discretion and without assigning any reason and with such notice as HFCL may deem reasonable to the borrower, to modify, vary, delete or
add to the terms and conditions, or to terminate the said Loan and Loan Documents, at any time, and to recall the entire Outstanding Amounts under the Loan. All amounts
due in respect of the said Loan shall become payable forthwith on such demand.
8. HFCL adopts interest rate/ pricing methodology based on various risks associated with the type of Loan , cost of funds, tenor of the loan, type & value of Security, Loan
amount etc. Further, HFCL periodically reviews the rate of interest and product features offered by it with those offered by its competitors. For a Borrower, an additional risk
premium may be included in the pricing based on the credit risk associated with the Borrower which is a function of the Borrowers credit history, credit information, internal
rating along with other factors like the Borrowers source of income, professional experience etc. Accordingly, the applicable rate of interest may be different for different
categories of borrowers and may differ from one loan to other loan.
9. PEMI amount, if applicable shall be at the rate at which the EMI has been calculated, may be charged, at the sole discretion of HFCL, from the date of loan
booking/disbursement till the date of commencement of first EMI.
10. The Borrower shall obtain and keep valid all approvals required in connection with the Loan.
11. The Borrower hereby accepts that, there may be a time lag between disbursement of the Loan and the payment being received by them. The Borrower further agree &
undertake that they will pay the interest and charges as set out in the Loan Documents on the disbursed Loan Amount for such period & the Borrower will not claim for any
type of refund.
12. The Processing Fees is a non refundable fee and is collected by HFCL for the purpose of appraising the Loan Application form for the Loan and the same is independent of
the outcome/result of such appraisal.
13. The Borrower shall immediately intimate HFCL in the event of any change in the repayment capacity of the Borrower, loss / change of job / profession, etc. and also any
change in any information stated in the application or under any Loan Documents.
14. No amount under the Loan shall be disbursed until and unless the Borrower has executed the required agreements, documents and writings and performed such other acts
and deeds as HFCL may require.
15. The Loan sanctioned to the Borrower shall be subject to HFCLs rules as well as the directives issued by Reserve Bank of India, from time to time.
16. HFCL may at its sole discretion disclose information regarding the Loan, Loan Documents or the Borrower, its Guarantors etc. to any Person including government authority,
RBI, CIBIL or any third party etc
17. HFCL may in its sole discretion on such terms as to pre-payment charges, etc. as it may prescribe, permit, prepayment / acceleration in the payment of EMIs at the request of
Borrower, provided that HFCL may, in permitting such prepayment, also specify from time to time, the minimum amount of prepayment / amounts payable on account of
acceleration of EMI. In the event HFCL permits any prepayment / acceleration, the repayment schedule for the Loan shall be amended / altered by HFCL for giving effect to
such prepayment/ acceleration, and such amended / altered repayment schedules shall be binding upon the borrower. In case any amount is prepaid by the Borrower, the
same shall be adjusted first towards, incidental charges, additional interest, PEMI Interest, outstanding EMIs, EMI of the current month and balance towards the principal dues.
18. TDS Deduction Gross Interest would be paid on the Loan to HFCL. Borrower shall provide a TDS certificate on a quarterly basis to HFCL and only upon receipt of such TDS
certificate shall HFCL be required to refund any TDS amounts to the Borrower within 10 (ten) Business Days. In the event the Borrower is paying the net amount, an
undertaking, to the effect that the Borrower will provide TDS certificates to HFCL on a quarterly basis, shall be provided by the Borrower. However, in event a TDS certificate
not been provided within agreed time frame of 3 (three) months, HFCL reserves the right to debit the amount to Borrowers Loan account and same shall stand as outstanding
and recoverable along with Default Interest (where applicable).
19. Notwithstanding the issuance of this Sanction Letter and the acceptance thereof, HFCL may decide to not disburse the Loan , repudiate and rescind this Sanction Letter
unilaterally without assigning any reasons.
20. This Sanction Letter is confidential and the property of HFCL and neither this document nor the contents hereof shall be communicated to or used without the HFCLs prior
written consent.
21. This sanction is available to the Borrower for the period specified in the letter (which period shall not exceed 30 (thirty) days from the date of the Sanction Letter) provided the
Borrower deposits with HFCL the processing fees mentioned overleaf along with a copy on this Sanction Letter accepted and delivered by the Borrower to HFCL.
22. This Sanction Letter shall be governed by the laws of India and the Borrower and the Lender shall be subject to the exclusive jurisdiction of New Delhi. Notwithstanding the
aforesaid, the Borrower acknowledges and agrees that HFCL may, however, in its absolute discretion commence any legal action or proceedings arising out of this Sanction
Letter and Loan Agreement against the Borrower in a court, tribunal or any other appropriate forum situated in any part of India.

If the terms of this Sanction Letter are acceptable to you, you may sign the duplicate copy of this Sanction Letter as a token of your acceptance an
Thanking you,
For Hero FinCorp Limited

Authorized Signatory
Name:
Designation:
Employee Code:

Read, understood, agreed and accepted by the Borrower & Co-Borrower

I/We confirm that I/we understand and accept the terms and conditions of the Sanction Letter, as laid out in English/
have been explained to me in a vernacular language of my/our understanding and I/we accept the Loan on the terms
set above. I/We authorize HFCL to collect information about me/us as may be required for evaluating the proposed
financing Loan, including without limitation, gathering information from credit bureaus like CIBIL. I/We also authorize
HFCL to share my information, and my personal data at any point of time, with credit bureaus, statutory agency or any
third party as HFCL may deem fit.

I/We here by further authorize HFCL to disburse the Loan amount directly in the account of the
dealer/manufacturer/DSA, as the case may be. Any such disbursement made by HFCL shall be deemed to be
disbursement made to me/us only.

________________________ __________________________
(Signature of the Co-Borrower)
(Signature of the Borrower)
 Hero FinCorp Ltd.

Loan Agreement

Customer Name : RAMESH MOKHAM SINGH

Loan Account No. : TWLIDJ11242341

Location : INDORE
 LOAN CUM AGREEMENT TO HYPOTHECATE
This Loan cum Agreement to Hypothecate (Agreement) is made and/or executed at the place and on the date set out in Schedule A between:
1. The Borrower/Co-Borrower, the details whereof are stated in Schedule A hereunder written,(hereinafter collectively referred to as the Borrower, which
expression shall, unless repugnant to the meaning or context thereof, mean and include his/her/its/their respective heirs, executors, administrators and
legal representatives (where the Borrower is an individual), the sole proprietor, his/her heirs, administrators and executors (where the Borrower is a
proprietorship concern), successors in interest and permitted assigns (where the Borrower is a company incorporated under the Companies Act, 1956 or
the Companies Act, 2013 or the Limited Liability Partnership or any other body corporate), the partner(s) for the time being and from time to time of the
partnership firm, the survivor(s) of them and the heirs, executors, administrators, legal representatives and successors of the partners (where the Borrower
is a partnership firm), of the FIRST PART; AND
2. The Guarantor, the detail whereof are stated in Schedule A hereunder written, (hereinafter referred to as Guarantor, which expression shall, unless
repugnant to the meaning or context thereof, mean and include his/her/its/their respective heirs, executors, administrators and legal representatives (where
the Guarantor is an individual), the sole proprietor, his/her heirs, administrators and executors (where the Guarantor is a proprietorship concern),
successors in interest and permitted assigns (where the Guarantor is a company incorporated under the Companies Act, 1956 or the Companies Act, 2013
or the Limited Liability Partnership or any other body corporate), the partner(s) for the time being and from time to time of the partnership firm, the
survivor(s) of them and the heirs, executors, administrators, legal representatives and successors of the partners (where the Guarantor is a partnership
firm) of the SECOND PART; AND
3. HERO FINCORP LIMITED, a company incorporated under the Companies Act, 1956 and presently operating as per the provisions of the Companies Act,
2013, registered with Reserve Bank of India as a Non Banking Financial Company and having its registered office at 34, Community Centre, Basant Lok,
Vasant Vihar, New Delhi-110057, CIN: U74899DL1991PLC046774 (hereinafter called the Lender or HFCL, which term shall, unless excluded by or
repugnant to the subject or context, be deemed to mean and include its successors and assigns) of the THIRD PART. The Borrower, the Guarantor and
the Lender shall, for the purposes of this Agreement, collectively be referred to as the Parties and individually be referred to as a Party. WHEREAS:
A. The Lender is a non deposit taking and systematically important non banking financial company registered with the Reserve Bank of India and is inter alia
engaged in the business of financing of Vehicles (defined hereunder).
B. The Borrower has applied to the Lender for obtaining Loan to purchase a Vehicle, fully described in Schedule A.
C. The Lender has agreed to grant a Loan to the Borrower for the purchase of the Vehicle, and in consideration Borrower has agreed to create a charge by
way of hypothecation on the Vehicle in favour of the Lender.
D. The Borrower after been informed of the terms and conditions, features, repayment related matters of the Loan, has accepted all the terms and conditions
of the Loan Documents. The Guarantor also has agreed to guarantee the due performance of all the duties and obligations of the Borrower particularly,
guaranteeing timely payment of the Outstanding Amounts.
NOW THE PARTIES AGREE AS FOLLOWS:
1.Article 1- Definitions
1.1 Applicable Law includes any law, directive, rule, regulation, guideline, circular, policies, bye laws, notification, clarification, instruction, requirement,
constitution, decree, judgment, legislation, order, ordinance, regulation, statute, treaty, agreement with any Authority or other legislative measure having
the force of law in any jurisdiction from time to time including Motor Vehicles Act, 1988 and rules framed thereunder (including the statutory amendments
thereof).
1.2 Authority includes any government or any governmental or semi-governmental agency or body, regulatory authority or judicial or quasi judicial body or
administrative entity/person, public department or statutory authority.
1.3 Borrower means each Person named as a borrower in Schedule A and includes any person named as Co-Borrower.
1.4 Business Day means a day (other than Sunday, bank holiday, public holiday) on which the branch/office of the Lender is open for normal business
transactions.
1.5 Co-Borrower means the Person named as such in the Schedule A attached hereto.
1.6 Dealer or Manufacturer shall mean any Person from whom the Borrower shall acquire the Vehicle by utilizing Loan proceeds, the details of which are as
set out in Schedule A.
1.7 Disbursement Request Form means the request letter substantially in the form set forth in Schedule B which is required to be submitted to the Lender
by the Borrower for disbursement of the Loan amount.
1.8 Due Date shall mean the date(s) on which any amounts in respect of the Outstanding Amounts are payable by the Borrower to the Lender as more
specifically mentioned in the Loan Documents.
1.9 Default Interest or Additional Interest or Penal Interest means the default /additional/penal interest as stipulated in Schedule A, which is in
addition to the Interest rate and applicable upon default in payment of all or any part of the Outstanding Amounts.
1.10 Encumbrance means any mortgage, charge (whether fixed or floating), pledge, lien, hypothecation, assignment, security interest or other
encumbrances of any kind securing or conferring any priority of payment in respect of any obligation of any person and includes without limitation any
right granted by a transaction which, in legal terms, is not the granting of security but which has an economic or financial effect similar to the granting of
security (including comfort letters, undertakings etc.) under Applicable Law. "Encumber" shall have the corresponding meaning;
1.11 "Event of Default" means and includes the happening of any one or more of the events of default as provided in Article 10 of this Agreement.
1.12 Fees or Charges includes all processing fees, service charges cheque bouncing charges, late payment charges, overdue interest, swap charges, legal
and repossession charges, stamp duties, valuation costs, inspection costs and insurance expenses, etc. and all other charges as applicable to the Loan
from time to time and specified in the Schedule A.
1.13 Incapacity means in relation to a Person, death, bankruptcy, unsoundness of mind, retirement, insolvency, liquidation, dissolution, winding up,
administration, receivership, amalgamation, reconstruction or other incapacity of that person whatsoever (and, in case if a partnership firm includes
termination and/or change in the composition of partners).
1.14 Installment/Installments or EMI means the monthly payment(s) to be paid by the Borrower jointly and severally for repayment of the Loan Facility along
with Interest and any other Charges payable, as per the repayment schedule set out in Schedule A hereto.
1.15 Interest means the rate of interest applicable from time to time to the Loan, to be paid by the Borrower to the Lender as stipulated in the Schedule A or
as subsequently communicated by the Lender to the Borrower.
1.16 Loan or Loan Facility means the loan amount granted by the Lender to the Borrower as set out in Schedule A, on the terms and conditions provided in
the Loan Documents and as may be extended, modified or renewed at Lenders discretion.
1.17 Loan Documents shall mean this Agreement, Sanction Letter, demand promissory note, letter of continuity, end use declaration, power of attorney (if
any), all writings, undertakings, authorizations, security documents and other documents, as required/may be required by the Lender, executed or
entered into or to be executed or entered into/by the Obligors or, as the case may be, any other Person, in relation to, or pertaining to the Loan and/or
Security thereof or anything pursuant to this Agreement, and each such Loan Document as may be amended from time to time.
1.18 Obligors shall mean the Borrower and the Guarantor collectively and the expression Obligor shall mean any one of them.
1.19 Outstanding Amounts shall include, at any time, (i) all amounts payable by the Obligors to the Lender pursuant to the Loan Documents including but
not limited to the present and future obligations and liabilities of the Obligors to pay/repay without limitation the principal amount of the Loan, Interest,
Charges and Default Interest thereon and all stamp duties, Taxes, expenses, fees, liquidated damages, indemnities, costs, charges and expenses, any
statutory or legislative charges, penalties, if any, in connection with the Loan; (ii) all costs, charges and expenses for preserving the Security and/or
enforcement thereof incurred by the Lender, to the extent that the same are not repaid by the Obligors or recovered by the Lender in accordance with
the provisions of the Loan Documents and (iii) in the event of any proceeding for the collection or enforcement of the Outstanding Amounts, after an
Event of Default shall have occurred and is continuing, the expenses of retaking, holding, preparing for sale or lease, or otherwise disposing of or
realizing the Security, or such other expenses incurred in relation to any exercise by the Lender of its right, together with legal fees and court costs.
1.20 Post dated Cheques or PDCs mean the cheques drawn by the Borrower in favour of the Lender for payment of the Installments.
1.21 Sanction Letter means the Sanction Letter setting out the terms for the sanction of the Loan issued by the Lender to the Borrower on the date as set
out in Schedule A and includes all such modifications and/or amendments to the said Sanction Letter.
1.22 Security shall mean such security (including without limitation mortgage, charge (whether fixed or floating), pledge, lien, hypothecation on
Vehicle/Asset, hypothecation, assignment, security interest or other encumbrance of any kind under Applicable Law) as may be created, or agreed to be
created, by the Borrower/any other person in favour of the Lender to secure the due payment/repayment of the Outstanding Amounts by the Borrower to
the Lender and/or the performance of the obligations under the Loan Documents by the Borrower.
1.23 Taxes shall mean all taxes, cess, surcharge, duties, imposts, rates, any similar levies in any jurisdictions levied by/collected by/payable to any
Government Authority (any or all of which, as may be applicable now or in future, and whether existing now or in future), interest, penalty and any other
obligations in relation to any of the aforesaid including for any past liabilities and obligations, and shall without limitation include all direct and indirect
taxes, all types of goods and services taxes, toll taxes, municipal, local, road transport taxes, etc.
1.24 Vehicle or Asset means the vehicle(s)/assets (which may include, two wheeler vehicle, scooter, motor cycle etc.) in respect of which or for the purchase
of which the Loan Facility is made available by the Lender, particulars whereof would appear from the Schedule A hereunder written including all the
accessories and add-ons thereto such as tools, spares, small wind screen, luggage carrier, side stand, indicator protectors, insurance, warranties, on
road assistance etc. and which is intended to be hypothecated by the Borrower in favour of the Lender, as Security for the repayment of the Outstanding
Amounts.
2. Article 2-Interpretation
In this Agreement, unless the context otherwise requires:
2.1 Any reference to the Clauses, Articles, Schedules are to be construed as references to the Clauses, Articles, Schedules to this Agreement.
2.2 References to the masculine gender include references to the feminine gender and the neutral gender and vice-versa.
2.3 Words denoting the singular shall include the plural and vice-versa.
2.4 Any reference to Person shall mean any natural person, body corporate, organization, associations, partnership, limited liability partnership,
proprietorship, HUF, trust, union, society, or any other person treated as person under Applicable Law.
2.5 Any reference to a document includes an amendment or supplement to, or replacement or novation of, that document but disregarding any amendment,
supplement, replacement or novation made in breach of this Agreement.
2.6 The words include and including are to be construed without limitation.
2.7 If there is more than one Borrower mentioned in Schedule I hereunder written, wherever the context so requires, the word Borrower shall be construed as
Borrowers and the grammar and construction of every concerned sentence shall be deemed to be appropriately amended so as to indicate more than one
Borrower.Similarly, if there is more than one Guarantor, wherever the context so requires, the word Guarantor shall be construed as Guarantors and the
grammar and construction of every connected sentence shall be deemed to be appropriately amended so as to indicate, more than one Guarantor.
2.8 Each of the rights, powers and remedies given to the Lender under the Loan Documents are in addition to all other rights, powers and remedies given to it
by virtue of the Loan Documents or any Applicable Law.
2.9 The liabilities and obligations of the Obligors to the Lender include all of its past, present and future, actual and contingent liabilities and obligations to the
Lender.
2.10 Sanction Letter shall be construed as an integral part of this Agreement and shall be read along with this Agreement. In the event of ambiguity between
the terms and conditions of this Agreement and Sanction Letter, the terms and conditions of this Agreement shall prevail.

3. Article 3-Loan, Interest and Repayment

3.1 The Lender grants to the Borrower, a Loan Facility for the aggregate amount and for the tenure as set out in Schedule A hereunder, which shall be
utilised solely and exclusively for purchase/acquisition of the Vehicle, however, prior to receiving the Loan Facility, the Borrower shall provide to the
Lender with documents evidencing payment of his/their own contribution towards buying the Vehicle, if any, to the satisfaction of the Lender.
3.2 The Borrower shall deliver to the Lender a duly completed and executed Disbursement Request Form, as set out in Schedule B to this Agreement. The
Lender has the sole and absolute discretion to determine the manner of disbursement. In the case of: (i) purchase of new Vehicle, the Loan amount may
be disbursed directly to the Dealer/Manufacturer; (ii) purchase of used Vehicle, the Loan amount may be disbursed either to the seller/owner of the
Vehicle or to the direct selling agent (DSA) of the Lender or to the Borrower, and such disbursements shall be deemed to be the disbursement made to
the Borrower as contemplated under this Agreement for all purposes.
3.3 The Borrower shall pay to the Lender, Interest on the Loan at the rate as specified in the Schedule A. The Lender shall have the right at its sole discretion
to revise the Interest rate at any time including at the time of each disbursement, on account of changes in the lending rates, prevalent market practice,
money market changes, variations prescribed by Authorities including RBI, reserve requirements, provisioning norms, or changes in the Applicable Law.
The judgement of the Lender with respect to occurrence of any these events shall be final and binding on the Borrower. Any revision in the Interest rate
shall only be applicable on the Borrower prospectively. The Borrower acknowledges that such revised interest shall be deemed to form part of
Outstanding Amounts. The Borrower shall in addition, pay and/or reimburse to the Lender, as the case may be, interest tax and any other Tax or other
levy as may be levied on, or in respect of Interest payments under these presents. The Borrower shall not dispute the same or raise any objection with
regard to the payment of the Interest and charges and the amount thereof.
3.4 The Borrower acknowledges that Lender adopts interest rate/pricing methodology based on various risks associated with the type of Loan, cost of funds,
tenor of the Loan, type & value of Security, Loan amount etc. Further, Lender periodically reviews the rate of interest and product features offered by it
with those offered by its competitors. For a Borrower, an additional risk premium may be included in the pricing based on the credit risk associated with
the Borrower which is a function of the Borrowers credit history, credit information, internal rating along with other factors like the Borrowers source of
income, professional experience etc. Accordingly, the applicable rate of interest may be different for different categories of borrowers and may differ from
one loan to other loan.
3.5 The mode of repayment of the Outstanding Amounts shall be as specified in Schedule A (time being the essence of the contract) and will be either by
way of PDCs/National Automated Clearing House (NACH)/Standing Instructions (SI)/Direct Debit/any other mode as may be agreed by the Lender. The
Borrower confirms having perused, understood and agreed to such mode/method of calculating the Interest/Installments. The payment of Installments
shall commence and continue as per Schedule A, irrespective of the Vehicle being delivered to the Borrower and notwithstanding anything including: (i)
difficulties/dispute that Borrower may have with or against the Dealer/Manufacturer; or (ii) delivery of the Vehicle; or (iii) in respect of the Vehicle itself.
The Borrower further confirms that any dispute being raised about the amount or Interest computation will not enable the Borrower to withhold any
payment of any Outstanding Amounts.
3.6 The Borrower shall deliver to the Lender PDCs/NACH mandate/SI instructions/Direct Debit Form towards payment of Installments, other fees, dues and
Charges payable hereunder, being fully cognizant of the fact that dishonour of cheques or revocation of NACH mandate/SI instructions is a criminal
offence under law and shall be punishable, inter alia, under the provisions of the Negotiable Instruments Act, 1881 (including any statutory amendments
thereof) or Payment and Settlement Systems Act, 2007 or any other Applicable Law, as the case may be. It is clearly understood that PDCs have been
issued and the NACH mandate/SIs instructions have been given in discharge of the existing liability of the Borrower to repay the Outstanding Amounts
and the Borrower has irrevocably and unconditionally authorized and instructed the Lender through NACH/SI/Direct Debit Mode/any other mode to debit
the Borrowers bank account towards the Outstanding Amounts. The Borrower further warrants that the Borrower shall maintain sufficient balance in the
said account and shall not stop payment or do anything whereby the PDC/NACH mandate/SI/Direct Debit Form shall not be honoured on first
presentation. The Lender may in its discretion not present the PDCs or any of them, which shall not affect the Borrower.
3.7 The Obligors agrees that the Obligors shall be liable to pay all Taxes, Charges and/or levies that maybe levied by the Government/any other competent
Authority in connection with the activities/transaction/services to be rendered under this Agreement, and also agrees that the Installment(s) shall be
increased by any incremental taxes, whether by way of sales tax, excise duty or any other taxes, hereinafter levied on this transaction with retrospective
or prospective effect.
3.8 The Loan Facility is payable on demand, but for convenience, the Loan Facility maybe repaid in Installment(s). The details (number and amount) and
schedule thereof is without prejudice to the right of the Lender to be paid on demand the Loan Facility along with other dues, if any. Further, the
computation/fixation of Installment(s) will be without prejudice to the right of the Lender to recompute the Interest on the basis of the agreed rate.
3.9 Obligation to make timely payment of the Installments: The Borrower shall pay the Installments on the Due Dates as mentioned in Schedule A.
Notwithstanding anything contained in the Loan Documents, the Outstanding Amounts or part thereof, shall become due and payable on the Due Dates,
or earlier at Lenders option. If a Due Date or any date on which any other payment under this Loan is due, is not a Business Day, then such payment date
shall automatically be the immediately preceding Business Day. The Borrower agrees that the Lender may at its sole and absolute discretion swap the
mode of payment of the Loan at any time during the tenure of this Agreement and in that event the Borrower shall be under a strict obligation comply with
such new mode/method of repayment without raising any demur or objection.
3.10 The Borrower may prepay the Outstanding Amounts along with pre-payment charges (as mention in Schedule A) by giving prior written notice of 15
(fifteen) days expressing his intention to prepay, subject to payment of Interest for 6 (six) months on the total Outstanding Amount. Provided that there
shall be no pre-payment or foreclosure charges on a floating rate term loans sanctioned for purpose other than business to individual borrowers, with or
without co-borrower.
3.11 The Lender may at its absolute discretion on receipt of an Installment, pay insurance premia or part thereof or any fees or charges payable by the
Borrower under this Agreement and interest without adjusting the amount received towards the dues in respect of that Installment.
3.12 The Borrower undertakes that it shall not give any instructions to the Lender with respect to not depositing the PDCs or revoke the NACH or Direct Debit
or SI instructions given by the Borrower. In case of dishonour of PDC or any other instruments issued by the Borrower or revocation of the NACH/Direct
Debit/SI instructions or if under the NACH/SI mode the Lender has not received the monies equivalent to the Installment, the Borrower agree and
undertake that they are liable to pay the Installment along with bouncing/dishonour charges and late payment charges as stated in the Schedule A and
shall also be liable to reimburse the Lender, costs and expenses, including legal fees. Nothing contained in this Article 3.12 shall prejudice the Lenders
right to prosecute under the Negotiable instruments Act, 1881 (including any statutory amendments thereof) or the Payment and Settlement Systems
Act, 2007 as the case may be, read with the Indian Penal Code and/or under any Law applicable to such dishonour at that time in force.
3.13 In case of any default by Borrower in the repayment of the Outstanding Amounts, the Borrower shall, without prejudice to Lenders other
rights and remedies, pay Default Interest at the rate mentioned in the Schedule A hereto or as may be prescribed by Lender, over and above
the then applicable rate of Interest till full payment is made/default is cured.
3.14 The Obligor acknowledges that any sums, Interest, default amounts including but not limited to the Default Interest under this Agreement are reasonable
and represent a genuine pre-estimate of the loss in the event of non-payment by the Obligor and/or non-compliance with the terms of the Loan
Documents. Further, the Obligors waive any defence available under usury or other Applicable Laws relating to the charging of Interest/Default Interest.
3.15 The Lender shall not issue any notice, reminder or intimation to the Borrower regarding the presentation of the aforesaid PDC/NACH/SI as the case may
be.
3.16 If there is more than one Borrower, then all of them shall be jointly and severally liable for repayment of the Outstanding Amounts due to the Lender and
to observe and perform all the terms and conditions contained hereunder, notwithstanding that the Vehicle may be used by one of them or that the PDCs
have been issued by one.
3.17 The Obligors agrees that Lender shall provide statement of accounts with respect to the Loan during the tenure, on the request in writing with charges as
determined by the Lender.
3.18 It shall be the Obligors obligation to keep itself acquainted with rules of the Lender, in force, from time to time. Any changes to the scheduled rates,
 charges or terms of Agreement pursuant to changes in Applicable Law/rules/regulations/market forces shall be communicated to the Borrower, and in
case of account specific changes or other, it will be available with the lending office.
3.19 The Obligors liability hereunder shall not be affected, terminated or prejudiced by the death, insolvency, bankruptcy of the Borrower, but such liability
shall continue in full force and effect and shall be binding on the Obligors successors, heirs etc.
3.20 All payments to be made by the Obligors to the Lender under the Loan Documents shall be made free and clear of Taxes and without any Tax
deduction, unless a Tax deduction is required under the Applicable Law.
3.21 The Lender can, at its sole discretion and without assigning any reason whatsoever cancel the Loan and call upon the Obligors to pay the Outstanding
Amounts.
3.22 The Obligors hereby acknowledges that the Lender shall not issue no objection certificate (NOC) to the Borrower until all the Outstanding Amounts,
monies, liabilities, indebtedness of the Obligors in respect of the this Agreement and also all other monies, indebtedness and liabilities of the Obligors to
the Lender in whatever capacity, shall have been paid and satisfied in full to the Lender.

4. Article 4-Security
4.1 In consideration of the Lender having granted or agreed to grant to the Borrower the Loan, the Borrower hereby agrees to create first and exclusive
charge on the Vehicle by way of hypothecation in favour of the Lender and further agrees to endorse the hypothecation on the registration certificate ( RC)
of the Vehicle in favour of the Lender from the concerned registering authority. Till the creation of such charge, the Borrower shall ensure that the Vehicle
is free from any Encumbrances/lien and shall be responsible to inform the Lender about the particulars of the Vehicle within 2 (two) days of such delivery
and/or registration whereupon such details shall be incorporated in and form part of the Schedule A and failure to so inform the Lender shall constitute an
Event of Default.
4.2 The Borrower further agrees to file and get registered necessary forms at the registering authority/road transport authority/other relevant authority in law in
order to and to record the said hypothecation on the Vehicle in favour of Lender, and to obtain the endorsement thereof on the RC of the Vehicle and to
furnish the same/proof thereof to the Lender, to the satisfaction of the Lender.
4.3 The hypothecation of the Vehicle shall deem to take place immediately on signing of this Agreement or delivery of the Vehicle, whichever is earlier. The
Lender shall not be responsible for delivery of duly endorsed RC and the Borrower shall not withhold payment of Installments on pretext of non-delivery of
RC.
4.4 The charge intended to be created in this Article 4 shall stand as Security for the due repayment of the Outstanding Amounts by the Borrower. The
charge/Securities created herein shall continue and remain in full force till all the Outstanding Amounts under this Agreement and also in respect of other
loans/facilities obtained/to be obtained by the Borrower/s from the Lender are fully discharged to the satisfaction of the Lender and the Lender issues a
certificate of discharge. Neither the Security intended to be created nor the liability of the Obligors shall be affected, impaired or discharged by winding up
(voluntary or otherwise) or by any merger or amalgamation, reconstruction, takeover of the management, dissolution or nationalisation (as the case may
be) of the Lender.
4.5 The Obligors, if required by the Lender, shall execute an irrevocable power of attorney in favour of the Lender in the form, substance and manner
accepted to the Lender.
4.6 In case the Borrower is a company, the Borrower shall file Form CHG-1 under the Companies Act, 2013 with the applicable Registrar of Companies, in
respect of creation of Security as above within 30(thirty) days from the date of creation of Security.
4.7 The Obligors shall execute Demand Promissory Note and Letter of Continuity for an amount equivalent to Loan Facility together with Interest and other
Charges, if required by the Lender.
4.8 The Obligors undertakes to further secure the Loan and create such further Security and execute such other documents as may be required by the
Lender from time to time with regard to the Loan.
4.9 Any security furnished by the Obligors under any other agreement entered into/to be entered into with the Lender its group companies, its affiliates shall
be deemed to be the security(ies) under this Agreement and the Lender shall be entitled to exercise any or all rights under the respective agreements
including but not limited to exercising right over any security available to the Lender under any of the loans including this Loan. Further, the Obligors
agrees that the Security under this Loan shall be deemed to be a continuing security in respect of other loan(s) availed/to be availed by the Obligors from
the Lender or any of its affiliates or group companies and shall not be discharged till such time all the loan(s) along with the interest and other charges are
fully discharged to the satisfaction of the Lender.

5. Article 5Covenants regarding Vehicle

5.1 If the price of the Vehicle (in case of a new Vehicle) is revised upwards after the date of this Agreement, then in that event the Borrower shall pay all of
the amount (in addition to the amount paid or to be paid by the Borrower along with the Loan) that may be required for acquiring the Vehicle at such
revised price and the Lender shall not be liable to pay any such increased amounts.
5.2 The Obligors shall -
5.2.1 Pay within time all assessments, taxes and other outgoings, which are now or hereafter assessed, imposed or payable for the Vehicle to the
Authority including Municipal Corporation, Regional Transport Authority or any other authority and on demand by the Lender, the Obligors shall
produce to the Lender every receipt thereof.
5.2.2 Allow inspection of the Vehicle and all documents relating thereto for verification or making valuation by the Lender or its officers auditors,
technical experts, management consultants, valuers or any other persons authorized by the Lender, whenever and wherever the Lender intends
to so inspect. Failure of the same shall amount to breach of trust and an Event of Default.
5.2.3 Not: (i) create any other debt, mortgage, pledge, hypothecation, charge, lien or Encumbrance upon the Vehicle or any part thereof in any manner
in favour of any other Person, firm or lender or bank till any Outstanding Amounts whatsoever remains payable by the Borrower to the Lender as
part of the Loan Facility or in respect of any other loan/financial facility obtained from the Lender or on any other account whatsoever; or (ii) part
with possession, give on hire, lease and license or conducting arrangement or otherwise deal with the Vehicle or any part thereof without express
prior written permission from the Lender; or (iii) do or permit/cause to be done any act, deed, matter or thing, which may adversely affect or in
any way prejudice the rights of the Lender created hereunder.
5.2.4 Submit a true copy of the RC with hypothecation duly endorsed, within 30 (thirty) days of delivery of the Vehicle or 60 (sixty) days of date of
disbursal, whichever is earlier.
5.2.5. Immediately, not later than a month from disbursement, submit original copy of invoice, delivery challan, money receipt from supplier of Vehicle
and other related documents
5.2.6. On demand being made by the Lender or without demand upon occurrence of any of the Event of Default mentioned under this Agreement-
5.2.6.1 Give immediate actual possession to the Lender, its nominee or agents (as the case may be) of the Vehicle subject to the terms
contained herein.
5.2.6.2 Transfer, deliver and endorse all registration, policies, certificates and documents relating to Vehicle to the Lender, its nominees or
agents (as the case may be).

6. Article 6 Obligors Covenants and Undertakings

6.1 Notwithstanding anything contained herein, the Lender may in its absolute discretion and without assigning any reason at any time not disburse the Loan
or any part thereof and the Lender shall not be responsible or liable for any cost, lost, damage or expenses or other consequence caused by reason of
such non-disbursement.
6.2 The Borrower confirms that the price of Vehicle that is intended to be hypothecated has been arrived after taking into account all relevant taxes, duties
and levies applicable as on date of this Agreement and that Instalments shall be increased by any fresh imposition or increase in Vehicle price, taxes,
duties, levies and charges during the tenure of this Agreement or that are or may be levied on the Instalments or the transactions hereunder or that are or
may become payable by the Lender by virtue of entering into this Agreement. In the event of such taxes, duties, levies, charges increase during the
period of placing of order or creation of future charge/hypothecation on the Vehicle and its acceptance and eventful delivery to the Borrower, such
increase shall be borne and paid by the Borrower.
6.3 With regard to the Vehicle, the Borrower acknowledges that: (i) Vehicle is of size, design, capacity and manufacture selected by the Borrower and is in
compliance with Applicable Laws; (ii) Lender is neither the manufacture or supplier of the Vehicle nor a dealer; (iii) Borrower has signed this Agreement
relying on its/their own judgement and not on any statement made by the Lender or its agents or the representatives; (iv) Vehicle is accepted by the
Borrower by the condition as it is (with all faults and defects, if any) and delivery shall be conclusive evidence that the Vehicle is acceptable; and (iv)
Lender is not in the position to make and has not made and does not hereby make any representation or warranty with respect the merchantability,
fitness, condition, quality, durability, suitability, use or operation of the Vehicle, in any respect whatsoever.
6.4 Delivery, specification and condition: The Borrower shall be exclusively responsible for obtaining delivery of the Vehicle from the
Manufacturer/Dealer/vendor. Further, the Borrower shall be liable for any kind of defect in the Vehicle, even if it is found at a later stage. The Lender shall
not be liable for any delay in delivery, disbursement, demurrage or complaint about specification, condition or fitness of the Vehicle or if there is a defect in
the Vehicle or if there is a dispute of any kind or nature (even if the Vehicle is found to be stolen Vehicle) or ownership of the Vehicle.
6.5 Alteration and addition: The Borrower shall not make any major alteration and/or addition to Vehicle without prior written consent of the Lender and in the
event of fitment of gadgets, accessories, etc. including any alteration or addition, the same shall form an integral and un-severable part of the Vehicle at
the time of repossession under this Agreement.
6.6 Maintenance: The Borrower agrees to maintain the Vehicle in good, marketable, and running condition at its own expense, and to timely replace all parts
whether broken or damaged as may be required for maintenance. The Borrower further agrees to engage mechanic(s), dealers, and service facilities
which are duly authorized by the Manufacturer of the Vehicle to carry out repair and service of the Vehicle. The Borrower shall also ensure that the
 Vehicle is not damaged, stolen or a priority quota Vehicle.
6.7 Not to use for illegal purposes, etc.: The Borrower agrees not to use the Vehicle either by himself/herself or through any other person for any unlawful
purpose(s) or prohibited acts under the terms and conditions of the insurance policy or under provisions of any Applicable Law or as indicated in the
Schedule A hereunder and not to do or permit to be done any act, deed or thing, which might render the insurance void or voidable or by which the
ownership or custody of the Vehicle is or may in any way be jeopardized.
6.8 The Borrower shall use the Vehicle in compliance with Applicable Laws and ensure that no police complaint or any other case/dispute are filed with
respect to the Vehicle.
6.9 The Lender shall have the paramount right of set off and lien, irrespective of any other lien or charge, present as well as future on the balances lying in
any Loan account(s) of the Borrower otherwise pursuant to any contact entered/to be entered into by the Borrower in any capacity to the extent of all
Outstanding Amounts whatsoever arising as a result of any Loan extended to and/or used by the Borrower and/or as a result of any other facilities that
may be granted to the Borrower. The Lender is entitled without any notice to the Borrower to settle any indebtedness setting off any deposits and/or
transferring money lying to the balance of any Loan accounts of the Borrower. The Lenders right hereunder shall not be affected by the Obligors
bankruptcy, death, unsoundness of mind, liquidation, dissolution, amalgamation, reconstruction or winding up. It shall be the Borrowers sole responsibility
and liability to settle all disputes/objections with any such joint loan account holders.
In addition to the abovementioned right or any other right which may be created in favour of the Lender and to which the Lender may at any time be
entitled whether by operation of law, contract or otherwise, the Borrower authorizes the Lender (a) to combine or consolidate at any time all or any of
his/her/its loan accounts and liabilities with the Lender (b) to sell all the Borrower Securities orproperties held by the Lender by way of public or private
sale without having to institute any judicial proceedings whatsoever and retain/appropriate from the proceeds derived there from, the total Outstanding
Amounts payable by the Borrower to the Lender including costs and expenses in connection with such sale.
6.10 The Borrower agrees that any statement of accounts with respect to a Loan, as furnished by the Lender shall be accepted by and be binding on the
Borrower and shall be conclusive proof of correctness of the amounts mentioned therein.
6.11 The Borrower shall get the Vehicle registered with the appropriate registering authority under the Motor Vehicles Act, 1988 (including the statutory
amendments thereto).
6.12 The Obligors has obtained and done and shall do all that is necessary to give full force and effect to all authorizations, approvals, consents, licenses and
permissions required in or by the laws of India in relation to this Agreement, Loan Documents and the Vehicle intended to be hypothecated by way of
this Agreement.
6.13 The Borrower shall use the Vehicle only for the purpose as mentioned in Schedule A
6.14 The Borrower shall hold the Vehicle in trust for the Lender and any transfer of the Vehicle directly or indirectly by the Borrower without the permission of
the Lender, shall tantamount to an Event of Default and also criminal breach of trust.
6.15 The Obligors shall inform the Lender in writing of any damages or theft of the Vehicle, lodging of any claim whatsoever with any insurance company, in
respect of the Vehicle within 3 (three) days of such damage or theft or lodgement of claim, whichever is earlier.
6.16 The Obligors shall inform the Lender of any loss, destruction or misplacement of the Registration Book/Certificate of the Vehicle (on which the name of
the Lender is endorsed) or the insurance policy relating to the Vehicle within 3 (three) days of such loss, destruction or misplacement.
6.17 The Borrower shall not apply for any duplicate Registration Book/Certificate for the Vehicle otherwise than by delivering the application therefore to the
Lender for endorsing its charge on the Vehicle or transfer the registration of the Vehicle to any city or town other than the city of registration without the
prior written consent of the Lender.
6.18 Borrower agrees and declares that PDCs have been issued and/or SI/NACH mandate have been given, towards discharge of the liability to repay to the
Lender, the Outstanding Amounts and all other sums of money payable in terms of other facilities, including recovery of shortfall remaining due from the
Borrower after adjustment of sale proceeds of the Vehicle. Any dishonour of any PDC/SI/NACH mandate shall make and/or render the Borrower liable to
face the consequences under Applicable Laws.
6.19 Obligors agrees that in the event of termination, before the full and final re-payment of the Outstanding Amounts: (i) the Lender shall be entitled to retain
PDCs issued by the Borrower and bank them towards recovery of remaining dues, in case of failure to repay dues as per termination notice; and/or (ii)
the Borrower shall not be entitled to withdraw any SI, till the Outstanding Amounts are fully repaid to the Lender to the full and final satisfaction of the
Lender by the Obligors.
6.20 The Obligors undertakes to do such acts, deeds, things and execute such further documents as the Lender may, in its absolute discretion, from time to
time may require or consider necessary to safeguard its interest.
6.21 The Obligors shall take all necessary steps to ensure that any Vehicle acquired from the proceeds of the Loan are free from all Encumbrances save and
except for the Encumbrance in favour of the Lender.
6.22 The Obligors shall provide such number of security post dated cheques to the Lender for such amount as may be determined by the Lender.
6.23 The obligations of the Borrower and Guarantor herein shall survive the termination and/or expiration of this Agreement.

7. Article 7-Representations and Warranties

Each Obligor hereby represents, warrants and undertakes to the Lender on a continuing basis that:
7.1 Each Obligor is duly organized, validly existing and in good standing under the laws of India and has the legal right and full power and all authorisations to
enter into the Loan Documents and perform all transactions contemplated therein;
7.2 Each of the Obligors have the power to own their assets and carry on their business and are in compliance with Applicable Law;
7.3 (if Obligor is a natural Person) It is a major and is of sound mind, solvent and competent to contract;
7.4 The execution and performance by the Obligors of the Loan Documents to which they are a party do not in conflict with or result in any violation or breach
of or default under any provision of any Applicable Law or its constitutional documents or any agreement to which it is a party;
7.5 No Encumbrance of any nature nor any lien exists over the Vehicles;
7.6 No suit, litigation, proceeding, investigation, corporate action, creditors process etc. by an Authority or any other person is ongoing or pending or
threatened against the Obligors or in respect of their assets;
7.7 The Know Your Customer (KYC) requirements of the Lender have been and shall be fulfilled and all other terms and conditions as may be prescribed by
RBI or by the Lender from time to time have been and shall be complied with;
7.8 There are no arrears on Taxes or other statutory dues and the Obligors have completed all necessary filings;
7.9 No Obligor enjoys immunity against any legal action or proceeding under any Applicable Law or otherwise;
7.10 Neither any of the Obligors nor any of their directors/partners have been declared to be a wilful defaulter. In the event of a person having being identified
as a wilful defaulter, the Obligors shall take expeditious and effective steps for removal of such person from directorship/partnership.The Obligors hereby
agree, confirm and acknowledge that it is on the basis of the representations and warranties hereinabove and the terms of the Loan Documents that the
Lender has agreed to make available the Loan to the Borrower.

8. Article 8 - Indemnity
8.1 The Obligors shall be jointly and severally liable to indemnify, keep indemnified and hold harmless the Lender, its affiliates, agents, representatives,
employees, Directors, assigns (each an Indemnified Party) from and against any actions, claims, third party claims, costs, damages, demands,
expenses, losses and liabilities (Losses) made against, suffered or incurred by the Lender arising directly or indirectly from or in connection with: (i)
breach of any of the terms and/or conditions of the Loan Documents; and/or ; (ii) the possession, operation and use of the Vehicle by the Obligors or by
his/her/their employees or agents or by any other person whether or not authorized by the Obligors for use of the Vehicle and incidental to that purpose;
and/or (iii) any representations and warranties given by the Obligors found to be or becoming false, misleading or untrue in any material respect; and/or
(iv) by reason of Vehicle not being free from encumbrance or any previous charge; and/or (v) loss of the Vehicles or any part thereof by seizure by any
person other than the Lender for any reason whatsoever or resulting from any legal process instituted by any person other than the Lender or any other
persons claiming through the Lender against loss by reason of damage to/or destruction or loss of the Vehicle purchased from the Loan from the Lender
for any cause whatsoever or by reason of any claim against them. The Obligors shall keep the Lender informed of all development regarding such
actions, claims, costs, damages, demands, expenses, losses and liabilities and shall not compromise or otherwise deal with the same without the prior
written consent of by the Lender. The Lender shall however be under no obligation and/or liability to the Obligor to provide any assistance in connection
with any such claim against the Obligors.
8.2 The Obligors acknowledge the inherent risks involved in sending the instructions/communications/documents to or by the Lender via facsimile, emails or
any other electronic mode and hereby agree and confirm that all risks shall be fully borne by the Borrower and the Borrower hereby assumes full
responsibility for the same, and undertakes to indemnify the Lender and keep the Lender indemnified and harmless at all times from and against any and
all Losses including any claims and demands by any third party or any other actions (including legal fees on a full indemnity basis) and howsoever arising
which may be brought or preferred against the Lender or that the Lender may or may have to suffer, incur or sustain by reason or on account of the
Lender having so acted whether wrongly or mistakenly or not, or of the Lender failing to act wholly or in part in accordance with the instructions so
received which could be a result of any miscommunication, or technological error beyond the control of the Lender considering the mode in which the
same was conveyed.

9. Article 9-Insurance
9.1 The Obligors shall at his own expense, so long as the Outstanding Amounts remain due and payable, insure and keep the Vehicle comprehensively
insured, on an annual basis, and covered under comprehensive risks including riot, civil commotion, fire, theft, unlimited third party risk and other hazards
as stipulated by the Lender from time to time, with such insurance company, as may be required by the Lender and make timely payment of all premia in
respect of such insurance and produce and deliver all such insurance policy, cover note and premium receipts on demand by the Lender for its
 inspection, verification and records. The insurance policy to be taken shall be in the name of the Borrower in whose name the Vehicle is registered or in
whose name the Vehicle is taken and the Lender shall be described as loss payee under such insurance policy.
9.2 If the Obligors fails to comply with any terms mentioned above, the Lender may (without being obliged to do and without prejudice to its other rights) take
such steps as it may deem fit to insure or renew the insurance of the Vehicle and all costs, charges and expenses in this regard shall be reimbursed by
the Obligors on demand to the Lender. The Lender at its option shall be entitled to adjust, settle or compromise in any manner whatsoever at the cost of
the Obligors any and all disputes arising under or in connection with any such insurance policy and such adjustment, settlement and compromise shall be
valid and binding on the Obligors.
9.3 Any claims settled by the insurance company shall be payable only to the Lender and the Lender shall have the first right on such claim payable by the
insurance company. The Obligors agrees that any payment on account of insurance by the Insurance company shall be made directly to the Lender and
acceptance of such payment by the Lender will amount to valid discharge of the insurance company from making such payment. All such monies
received from the insurance company shall be appropriated by the Lender towards the obligation of the Obligors to the Lender.
9.4 Lender shall not be liable for any loss on account of non-renewal of insurance policy of Vehicle or delay or non-payment by the Insurance company of any
settlement claim of the Obligors.

10. Article 10-Events of Default

10.1 The occurrence of any or all of the following shall constitute an Event of Default.
10.1.1 If an Obligor fails to pay the Outstanding Amounts in terms of the Loan Documents; or
10.1.2 default/breach by the Obligors in performance of any of its obligations under the Loan Documents;
10.1.3 Any misrepresentations, misleading, incorrect information or suppression of material records/facts by Obligors in respect of his/her/its assets,
liabilities, financial status, etc. or in respect of the Vehicle or in respect of anything concerning the subject matter of this Agreement or anything
relating to this Agreement;
10.1.4 The Obligors (in case of a body corporate or partnership firm) takes actions or steps or legal proceedings are initiated for winding up, dissolution
or reorganization or for appointment of a receiver, commissioner, liquidator, trustee or similar officer on assets of Obligors particularly the
Vehicle, which is to be hypothecated in favour of the Lender;
10.1.5 The Obligor (in case of an individual) takes steps with a view to his being adjudged insolvent in any jurisdiction or with a view to his being made
insolvent in any jurisdiction or with a view to the appointment of a receiver, trustee or similar officer on any of its assets;
10.1.6 The Obligors fails to comprehensively insure and keep the Vehicle insured with the insurance company;
10.1.7 The Vehicle is confiscated, attached, taken into custody by any authority or subject to any execution proceeding or the Vehicle is badly
damaged due to accident or any other reason whatsoever causing the same to be a total loss in the opinion of the Lender or the Obligors
remove the Vehicle to any other state, i.e. all states other than the state in which the Vehicle is registered under the Motor Vehicles Act, 1988
(including the statutory amendments thereto), without prior consent of the Lender;
10.1.8 Ifthe Vehicle is endangered/stolen or suffer total loss/damage due to any accident and/or incident;
10.1.9 The Obligors fails to pay any tax, impost, premia, duty or other imposition or comply with any other formalities required by law from time to time
in respect of the Vehicle;
10.1.10 The Obligors uses the Vehicle for purposes other than mentioned in Schedule A or the Vehicle is stolen or untraceable for a period of 15
(fifteen) days for any reason whatever;
10.1.11 Any of the SPDC/PDC(s)/Cheque(s)/NACH/SI instructions delivered by the Borrower to the Lender are not encashed for any reason
whatsoever on first presentation;
10.1.12 Any instruction given by the Obligors to its bankers or to the Lender to stop payment of the PDC(s) or any instruction revoked in case of NACH
for any reason whatsoever;
10.1.13 The Obligors fails to get the Vehicle registered with the registering authority within 45 (forty five) days of delivery or fails to supply a copy of the
RC with (the name of the Lender endorsed thereon) within such time as specified under this Agreement or as required by the Lender;
10.1.14 If, without prior approval of the Lender, the Vehicle and/or other Securities provided under this Agreement are sold, transferred, disposed off,
charged, Encumbered, alienated, etc.
10.1.15 If the Obligors act fraudulently or dishonestly;
10.1.16 If the Obligor is convicted under any Applicable Law;
10.1.17 If the Obligors suffers from any Incapacity;
10.1.18 If there exists any circumstance which in the opinion of the Lender jeopardizes or is likely to jeopardize the Security or Guarantee or the
Security depreciates in value;
10.1.19 Occurrence of any events or circumstances which in the opinion of the Lender has a material adverse effect;
10.1.20 The Obligors, its employees utilizes the Loan Facility for any purpose other than the purpose mentioned in this Agreement;
10.1.21 Any other circumstance arises which gives reasonable grounds in the opinion of the Lender that it is likely to prejudice or endanger the Vehicle
or the interest of the Lender. Then in any such case at any time thereafter, without prejudice to the rights and remedies of the Lender, the
Lender may (but shall not be bound to do so), without the specific intervention of a court or any court order by written notices to the Obligors
and declare the Outstanding Amounts to be immediately due and payable.
On the question whether any of the above events/circumstances has/have occurred/happened, the decision of the Lender shall be final, conclusive and binding on the
Obligors.
10.2 Notwithstanding anything contained either in these presents or anywhere else, it is hereby being unambiguously and clearly agreed and understood by
and between the Parties hereto that in the event the Obligors fails/fail to make repayment of any other loan and/or financial facility obtained from the
Lender apart from the Loan Facility under this Agreement, in strict compliance with the respective terms and conditions guiding and regulating
repayment of such other loan and/or financial facility obtained/availed by the Obligors, such failure on the part of the Obligors shall also be deemed to
have constituted an event of default and shall entitle the Lender to take all such measures, which the Lender is entitled to take in case of other
eventualities forming/constituting an event of default, as stipulated in this Agreement/Applicable Law. Any default by the Obligors under any agreement,
arrangement, guarantee, and/or under any of its indebtedness (whether actual or contingent, or whether primary or collateral, or whether joint and/or
several), with Lender or its holding/subsidiaries/affiliates/group companies, shall constitute an Event of Default under this Loan and vice-versa..

11. Article 11- Consequences of Event of Default and Enforcement of Security

11.1 Without prejudice to or affecting or diluting the rights of the Lender under this Agreement or under any Loan Documents, if an Event of Default occurs or
is outstanding, the Lender may at any time with immediate effect by a notice in writing to any of the Obligors:
11.1.1 declare all undrawn amount of the Loan as cancelled forthwith; and/or
11.1.2 declare the Outstanding Amounts under the Loan as being immediately due and payable; and/or
11.1.3 stipulate such conditions or terms in relation to the Loan Documents as the Lender considers necessary; and/or
11.1.4 enforce the Lenders rights under the Loan Documents/Applicable Law, including with respect to the Security; and/or
11.1.5 initiate appropriate legal action against the Obligors under the Applicable Law; or
11.1.6 present to the bank PDCs/SPDCs issued by the Borrower in favour of the Lender; or
11.1.7 exercise any of the rights available to the Lender under the provisions of the Clause 12 (Repossession of Vehicles).
11.2 The Borrower hereby agrees and appoints Lender and its officers and authorized representatives to be its duly constituted attorneys for all or any of the
following purposes:
11.2.1 To commence, prosecute, enforce, defend, answer all suits, actions and proceedings including execution proceedings against me in all the
courts or tribunals in India in all matters it may be interested and concerning the said Vehicle and to compromise, settle, refer to arbitration,
abandon, submit to judgement or become non suited in any such action or proceeding as aforesaid before any Court;
11.2.2 For the purpose aforesaid to sign, declare and/or affirm and to verify any plaint, written statement, petition, affidavit, verification, vakalatnama,
warrant or attorneys, memorandum of appeal or any other regal document or paper of whatsoever nature, concerning the said Vehicle;
11.2.3 To appoint and engage Pleaders and Advocates in all matters conferring the said Vehicle;
11.2.4 To take the possession, seize, appoint a receiver/manager, remove the Vehicle from its place of standing;
11.2.5 To appear before the office of Regional Transport Officer and other Authorities through advocate or any other person to effect endorsement of
hypothecation in the RC and transfer of the said Vehicle;
11.2.6 To transfer, sell or dispose the said Vehicle and to sign and execute all such documents, contracts, instruments, as may be necessary and
expedient for giving delivery thereof;
11.2.7 To appoint or engage any Advocate for effecting any such transfer, sell or dispossession or realisation as the case may be;
11.2.8 To give notice to the appropriate Authority for registration of the said Vehicle upon the sale thereof;
11.2.9 To receive consideration for sale or transfer of the said Vehicle and to give proper receipt and valid and effectual discharges for the same;
11.2.10 The Borrower has also agreed to ratify and confirm all and whatsoever that the Lender shall do or cause to be done in or about the premises
by virtue of the powers herein given.
11.3 he Borrower hereby irrevocably authorizes the Lender through its representatives, officers, agents, attorneys, nominees (without prejudice to the other
rights under this Agreement), without the intervention of court or Authority or without obtaining any prior court order, to take possession, seize, recover,
appoint a receiver/manager, remove the Vehicle from its place of standing, and also be entitled, on such terms as may be deemed fit by the Lender, to
sell the Vehicles by public auction or by private contract at the best available prices according to the prevailing market condition including as regards
repossessed Vehicle, realise its claims in respect of the Loan, without being bound or being liable for any loss/losses that the Obligors may suffer due to
 such action and without prejudice to the Lenders other rights and remedies as stated under the Loan Documents or otherwise in law entitled to enforce
the Security, if any, as may have been provided to secure the Outstanding Amounts.
11.4 Without prejudice to the Lenders rights and remedies of legal action or otherwise and notwithstanding any pending proceeding/s, the Obligors shall give
immediate possession to the nominee/s of the Lender on demand of the Vehicle, and transfer and deliver all relative bills, contracts, securities and
documents (including all registrations, policies, certificates and documents relating to the said Vehicles) to the Lender. The Lenders account of sales and
realisation shall be treated as sufficient proof of amounts realised and relative expenses incurred, and the Obligors shall pay on demand by the Lender,
any deficiency shown in the accounts, provided however, that the Lender shall not be liable or responsible for any loss, damage or depreciation that the
Vehicle may suffer or sustain in the course of seeking repossession and/or while the same is in possession of the Lender or its nominee/s or by reason
of exercise or non-exercise of rights and remedies available to the Lender as aforesaid.
11.5 At the time of taking over possession of the Vehicle from the Borrower, the Lender or its duly authorized representative will make a list of all items that
may be found in the Vehicle and will present the same to the Borrower or whoever may be present on behalf of the Borrower at the time of such taking
over of such possession of the Vehicle for confirmation and for indicating any objection relating to preparation of such list. The Borrower or the person
present on his behalf at the time of taking over such possession of the Vehicle would be required to countersign such list and a copy of such list will be
supplied to him free of cost. However, in the event, the Borrower or the person present on his behalf at the material point of time refuses or declines to
put his signature on the list, the Lender would be under no compulsion or obligation to furnish a copy of such list to the Borrower at any time, nor the
same would render taking over of possession of the Vehicle by the Lender unlawful or illegal.
11.6 Any acceptance of payment by Lender after occurrence of an Event of Default will not affect the default or operate as a waiver and rights of Lender
flowing/arising therefrom.
11.7 From the occurrence of an Event of Default till the time the Vehicle comes in possession of the Lender, the Borrower shall pay to the Lender, a sum as
specified in Schedule Aper diem in addition to and not in derogation of any other sum payable. This is a reasonable pre-estimate of damages likely to be
suffered by the Lender for non-recovery of the Vehicle.
11.8 Notwithstanding anything to the contrary expressed or implied:
11.8.1 The Lender shall not be bound to exercise any of the powers mentioned in Article 11 or any Loan Documents. Furthermore, the rights
enumerated in Article 11 are without prejudice to the legal rights and remedies available to the Lender under Applicable Law for the
enforcement & protection of the Security & legal interests.
11.8.2 The Lender or its officers, agents or nominees acting bonafide shall not be, in any way responsible for any loss, damage, limitation or
depreciation that the Vehicle may suffer or sustain on any account, whilst the same is in possession of the Lender, its officers, agents or
nominees or because of exercise or non-exercise of rights, powers or remedies available to the Lender or officers, agent or nominees and all
such loss, damage or depreciation shall be debited to the Borrowers account, howsoever may have been caused.
11.8.3 Neither the Lender nor its agents, officers or nominees shall be in any way be responsible and liable and the Obligor/s hereby agrees not to
make the Lender or its officers, agents or any nominees liable for any loss, damages, limitation or otherwise for any belongings and articles that
may be kept or lying in the Vehicle at the time of taking charge and/or possession, seizure of the Vehicle pursuant to the terms of Article 11.
11.9 In case the Lender exercises anyone or more power(s) set-out in Article 11, the same shall be without prejudice to the Lenders right and remedies of any
suit any other legal proceeding either pending or that may be initiated against the Obligors.

12. Article 12- Repossession of Vehicles

12.1 In the event of the Lender deciding to take possession of the Vehicles, the Lender shall give the Obligors, a notice of not less than seven (7) days as
specified in the Loan Documents prior to the repossession of the Vehicles, specifically informing the Obligors of the Lenders intention to repossess
(hereinafter referred to as the Repossession Notice). Provided however that, where the Lender has specifically informed the Obligors of its decision to
take possession of the Vehicles in any notice issued to the Obligors for any reason whatsoever, such notice shall be deemed to be the Repossession
Notice and no separate notice shall be necessary in relation to the same.
12.2 Notwithstanding anything contained in Article 12.1 above, the Vehicles may be immediately repossessed, and no notice prior to such repossession will
be required to be given by the Lender to the Obligors and the Obligors expressly waive the right to receive the Repossession Notice, in the event of the
happening of any of the following:
12.2.1 where the Outstanding Amounts have not been paid;
12.2.2 if any of the Obligor is not traceable;
12.2.3 if the Borrower fails to submit the Vehicle for inspection if required by the Lender;
12.2.4 change of any of the Obligors place of residence without intimation to the Lender;
12.2.5 where the Obligors are in contravention of any Applicable Law;
12.2.6 where any proceedings for insolvency / winding up are initiated against the Obligors;
12.2.7 the Obligors have contravened the terms of the Loan or the terms under the Loan Documents;
12.2.8 the Vehicle acquired by the Obligors under the Loan Documents is in possession of a third party;
12.2.9 Where the Obligors have availed the Loan fraudulently from the Lender or any statement or representation made by the Obligors to the Lender
is false or incorrect;
12.2.10 any situation which in the view of the Lender may constitute an event of fraud or evasion by the Obligors including without limitation (a) change
of any registration plates/special marks and numbers embossed on engine/chassis in relation to any of the Vehicle; (b) non availability of the
Obligors for any period of time and any suggestion made to the Lender by any neighbour of the Obligors, other lenders and the likes, that any
of the Obligors is absconding; (c) the Obligor has been avoiding payment to its other lenders; (d) the endorsement of hypothecation recorded
with the concerned regional transport office has been deleted, altered/manipulated, without prior written consent/approval of the Lender; or (e)
the Obligors have disposed off or sold off/created third party rights/Encumbered the Vehicle, without prior written consent/approval of the
Lender.
12.3 The process for repossession shall be as under:
12.3.1 By seeking an order through the court/arbitral tribunal; or
12.3.2 Without intervention of any court or any Authority, the Lender in its capacity as constituted attorney of the Borrower in terms of Article 11.2; or
12.3.3 Where an order of any court/arbitral tribunal is obtained, on the basis of the order, repossession shall be sought by the receiver with or without
police aid for seeking interim custody of the Vehicle. The repossession may be done anywhere within the territory of India, in the presence of
two witnesses and inventory of the Vehicles/items/spare parts of the Vehicles would be made; or
12.3.4 In case the repossession is without a court order, the Lender/its authorized officers/agents shall clearly communicate to the
Borrower/occupant/custodian of the Vehicle that the Vehicle is being repossessed as per the Loan Documents read with the power of attorney
(if any).
12.4 The Lender may at any time prior to the sale/auction of the Vehicle(s) inform the Obligor its intention to sell/auction such Vehicles in the event the
Obligors do not clear the Outstanding Amounts (Pre Sale Notice). Such notice shall inter alia, contain the following:
12.4.1 The final date on which the Obligors may pay the aggregate Outstanding Amounts due and payable to the Lender;
12.4.2 Provision for release of the Vehicles to the Obligor upon the repayment of the Outstanding Amounts; and
12.4.3 Provision for the sale/auction in case of non-clearance of the Outstanding Amounts due, by such final date, for the amounts due by the
Obligors.
12.5 In the event Obligors makes payment of the entire Outstanding Amount to the Lender towards its full and final satisfaction subsequent to taking
possession of the Vehicle by the Lender and prior to its sale, transfer and/or alienation to any third person(s) or the Obligors makes the highest offer in
the auction proceeding, as contemplated hereinabove, the Vehicle shall be returned to the Obligors by the Lender upon receipt of the entire Outstanding
Amounts or upon receipt of the amount offered, as the case may be, against a valid acknowledgement from the end of the Obligors. Such return of the
Vehicle, however, shall not preclude or debar the Lender from adopting the aforesaid measures once again against the Obligors in the event the
Obligors fails to make payment of the balance of the Outstanding Amount, if any, to the Lender within the time prescribed by the Lender.
12.6 In the event that the Obligors fail to complete the repayment as contemplated in Article 12.5 above, the Lender/receiver shall be entitled to sell the
Vehicles either though an auction(either online or offline) or through a private contract or public auction or any other mode as Lender may deem fit. In
the event the sale of the Vehicles takes place through an auction, the following process will be followed:
12.6.1 The Lender will assign a base price to the Vehicles;
12.6.2 The Lender will obtain bids for the Vehicle prior to the sale and the sale shall be made to the highest bidder.
12.7 Notwithstanding anything contained in Article 12.6 and without prejudice to any other rights of the Lender available under the Loan Documents, the
Lender shall be entitled, in its sole and absolute discretion, subsequent to the completion of the auction process as set out in Article 12.6, to acquire the
Vehicles for itself by quoting a price higher than the highest price quoted in the auction.
12.8 ln case the net sale proceeds, after deducting all costs, charges, and expenses incurred by the Lender are not sufficient to meet in full, the Outstanding
Amounts payable to the Lender under the Loan Documents, the Obligors shall make good and pay such deficiency to the Lender as loss on sale.

13. Article 13-Charges and expenses

13.1 Interest, Taxes, other fees, stamp duties, processing fees, upfront fees, late payment charges, default charges, NOC fees, prepayment charges,
insurance charges, enforcement expenses, repossession charges, assignment cost, legal expenses and other Charges, as may be applicable from time
to time on the Loan shall be borne solely by the Obligors. Such amounts shall form part of the Outstanding Amounts.
13.2 The Obligors shall be liable to pay various charges for repossession of the Vehicle including without limitation, tow away charges, parking charges,
godown charges, rentals and other such expenses incurred by the Lender for effecting the repossession of the Vehicle and for its safe keeping etc.
13.3 In the event of dishonour of any SPDC/PDC/Cheque/NACH/SI instruction, Obligors shall, without prejudice to any right the Lender may have in law, be
 liable to pay to the Lender for each such dishonour, cheque/NACH/SI dishonour charges as specified in the Schedule A. Obligors shall, as demanded,
reimburse for costs and expenses (including legal fee) incurred in or in connection with preservation or enforcement of any of the rights of the Lender.
13.4 The Obligors acknowledges/accepts that the Lender may in its discretion from time to time revise/modify the fees and charges mentioned in the
Agreement or in the Schedule A and all such revised fees and charges including taxes as applicable shall be payable by the Obligors. Any change in
the Charges shall be effected prospectively only.

14. Article-14 Assignment

14.1 The Obligors agree that the Lender shall at be entitled to sell, assign, securitize or transfer, in whole or in part, and on such terms as the Lender may
decide (including reserving the right unto itself to proceed against the Obligors on behalf of such purchaser, assignee or transferee all its rights and
obligations hereunder including any Security intended to be created by the Obligors for securing any of its obligations hereunder including without
limitation, any interest that the Lender may have in any underlying Assets) to any third party of the Lenders choice, without reference or intimation to the
Obligors, who hereby gives its consent to such sale, assignment, securitization or transfer. Any notice of sale, assignment, securitization or transfer is
hereby waived by the Obligors and such sale, assignment, securitization or transfer shall bind the Obligors, and Obligors shall treat such transferee,
assignee or purchaser as if it were the Lender. The Obligors however shall not be directly or indirectly entitled to assign its rights or obligations in part or
whole to any person and any such assignment shall be void.
14.2 The Obligors agree that after any sale, assignment or transfer, Lender may continue to exercise all powers hereunder on behalf of
transferee/assignee/purchaser and the Obligors agrees if so directed by the Lender. The Obligors shall pay all the Outstanding Amounts directly to
transferee/assignee/purchaser which shall be treated as a valid discharge of the relative obligations of the Obligors. In the event of breach of obligations
by the Obligors, the transferee/assignee/purchaser shall have the rights which the Lender has against the Obligors including right to institute
proceedings, to recover possession and all other rights. Further, the transferee/assignee/purchaser shall be entitled to inspect the Vehicle and exercise
all other rights of the Lender.

15. Article 15-Governing Law and Jurisdiction

15.1 This Agreement, Loan Documents, all obligations arising out of or in connection with them, shall be governed by and shall be construed in accordance
with the laws of India.
15.2 Subject to Article 16, the Parties hereto agree that all disputes arising out of and/or relating to the Loan, this Agreement or any other Loan Documents
shall be subject to the exclusive jurisdiction of the courts at New Delhi only. Notwithstanding the aforesaid, the Obligors acknowledges and agrees that
Lender may, however, in its absolute discretion commence any legal action or proceedings arising out of this Agreement or any other Loan Documents
against the Obligors in a court, tribunal or any other appropriate forum situated in any part of India.

16. Article 16 Dispute Resolution

16.1 All disputes, claims, controversy or difference or questions between Parties arising out of or relating to the Loan, this Agreement, other Loan
Documents shall be referred to arbitration by a sole arbitrator appointed by the Lender. The arbitration proceedings shall be conducted in
accordance with the Arbitration and Conciliation Act, 1996, including the statutory amendments. The venue, place and seat of arbitration shall be
New Delhi and the language of the arbitration shall be English. The award including interim award(s) of the arbitral tribunal shall be final,
conclusive and binding on all the parties concerned. The arbitral tribunal may, from time to time, lay down the procedure to be followed in
conducting the arbitration proceedings and shall conduct the arbitration proceedings in such manner as it considers appropriate.
16.2 Nothing contained herein shall be construed as extinguishing, limiting or ousting the Lenders rights under Recovery of Debts due to Banks and
Financial Institutions Act, 1993 and/or Insolvency and Bankruptcy Code, 2016 and/or The Securitisation and Reconstruction of Financial Assets
and Enforcement of Securities Interest Act, 2002 (including the statutory amendments thereof), in connection with the recovery of Outstanding
Amounts due under this Agreement and Loan Documents.

17. Article 17-Lenders Rights

17.1 Lender at its sole discretion shall have the right to (i) revise or reschedule the repayment terms of the Loan or the Outstanding Amounts; or (ii)
store financial, identity and other data/information of the Obligors; or (iii) inspect books of accounts and other records maintained by the Obligors;
or (iv) recall the entire Outstanding Amounts of the Obligors at any time.

18. Article 18- Termination

18.1 The Obligors agrees and acknowledges that any action/omission on the part of the Obligors under this Agreement, which constitutes an Event of
Default shall entitle the Lender to terminate/cancel this Loan. In such a case, without prejudice to any other rights, the Lender may, with or without
notice, terminate this Agreement and/or enforce any Security for the repayment of the Outstanding Amounts and/or forthwith demand/recall the
Outstanding Amounts by the Obligors. The Obligors does not have the right to terminate this Agreement in any situation except with the written
consent of the Lender to the effect that the entire Outstanding Amounts due to the Lender under this Agreement have been paid in full.

19. Article19 Disclosure of Information

19.1 The Obligors understand that as a pre-condition, the Obligors gives consent for the disclosure by the Lender of all or any such: (i) information and
data relating to the Obligors (including personal sensitive data or information and any information that requires a consent under the Information
Technology Act, 2008 and/or any other statute); (ii) the information or data relating to any credit facility availed of/to be availed, by the Borrower/s;
and (iii) default if any, committed by the Obligors in discharge of the Obligors obligation (Obligors Information).
19.2 The Obligors agree that the Lender may disclose Obligors Information to: (i) any of its employees, agents, representatives, assigns, affiliates,
subsidiaries, holding company, group companies; (ii) any third parties or service providers or professional advisors engaged by the Lender; (iii) to
any rating agency, insurer or insurance broker of, or direct or indirect provider of credit protection to the Lender; (iv) to any credit bureau,
database/databanks, corporate, banks, financial institutions etc; (v) to any Authority or other person as required by Applicable Law; (vi) to any
person pursuant to an order or direction of an Authority; (vii) TransUnion CIBIL Limited (CIBIL), Reserve Bank of India (RBI), Income Tax
Authorities, or any other government or regulatory authorities, statutory authorities, quasi judicial authorities; (viii) to any credit information
company, other agencies or any information utility or other lenders of the Obligors including who may also use, process the Obligors Information
and data disclosed by the Lender in the manner as deemed fit by them, and who may for consideration or otherwise furnish such processed
information and data or products thereof prepared by them, to banks/financial institutions and other credit guarantors or registered users, as may
be specified by the RBI.
19.3 The Lender shall be entitled to exercise this right under this Article 19 without issuing any notice to the Obligors. The Obligors specifically waives
the privilege of privacy, privity of contract & defamation.
19.4 The Obligors agree as a pre-condition of the Loan given to the Borrower by the Lender that in case the Obligors commit default in the
payment/repayment of the Outstanding Amounts on the Due Date(s), the Lender and/or RBI will have an un-qualified right to disclose or publish
the name/s of the Obligors or the name/s of their partner/s or directors as defaulter/s in such manner and through such medium as the Lender or
RBI in their absolute discretion may think fit including the photographs of the Borrower and/or Obligors or any of their directors, partners,
members or personnel.
19.5 The Obligors hereby provide consent to the Lender to carry out the KYC and other requisite checks by such processes as may be permissible
under Applicable Law including authentication/verification of documents or details submitted for KYC purpose, accessing and procuring data from
databases maintained by statutory or other Authority. The Obligors expressly authorise/consent to Lender, its various service providers or agents,
including for marketing, collections and recovery agents to contact the Obligors telephonically, through e-mails, telephones, messages, SMS,
Whatsapp or other applications or otherwise even if the names of the Obligors appear in the Do Not Call or Do Not Disturb Register to inform the
Obligors about the marketing schemes, various financial and/or investment products and/or offerings of other services, Outstanding Amounts
under the Loan Documents or any other aspect pertaining to any facilities availed or to be availed by the Borrower. The Obligors also expressly
declare that such e-mails, telephonic calls, messages, SMS, Whatsapp messages etc. from the tele-callers, agents and/or service provider of the
Lender and its associates, affiliates and/or group companies will not cause any inconvenience to them and/or their family members. The Obligors
expressly and irrevocably consent that for any claim against the service providers, the Lender shall not be liable and the claim of the Obligors on
this account shall be against the service providers and/or tele-callers. The Obligors agree to the use of e-mails, messages, SMS, Whatsapp
and/or other applications for communication or sharing of information or documents, agree to abide by the terms and conditions of such
applications and agree to the risks associated with such applications or sharing of information through them.

20. Article 20-Miscellaneous Provisions

20.1 Notices-Any notice/communication/letter/document to be sent shall be in English and delivered at the address specified in this Agreement or
such other address as notified in writing (within 7 days of change), while communication etc. may be sent by electronic mail, speed post, courier,
personal delivery or fax, where by fax, a confirmation copy must also be sent by mail/courier. The communication shall be deemed to be received,
if by courier/speed post - 3 (three) days after posting/dispatching the same; if personally delivered - on receipt; if sent by fax- upon receipt of
 confirmation and if sent by electronic mail- when so sent by the server. If given by the Obligor to the Lender, when it is actually received by the
Lender.
20.2 Amendments- The Lender reserves the right to alter, amend or revise any of these terms and conditions and may notify the Obligors of any
changes to terms and conditions in any manner it considers appropriate.
20.3 Certificate- Certificate signed by the authorized representative of Lender as to the amount due from Obligors under the Agreement on the date of
such certificate shall be prima facie evidence that amount so certified was in fact due from the Obligors on the date of such certificate.
20.4 Until the entire Outstanding Amounts owed to the Lender by Obligors has been paid, the Lender shall have a lien on all properties and assets of
the Obligors, from time to time in the possession of the Lender and a charge over all stocks, shares and marketable or other securities and get
any or all of them registered/pledged in the name of the Lender or its nominee.
20.5 In case of the death of the Obligors, where the Obligor is an individual, the legal representative shall: (i) apply under the Motor Vehicles Act, 1988
(including the statutory amendments thereto) to get the Vehicle transferred in his name; (ii) Replace the PDCs, insurance premium cheques, fees,
charges and residual cheques, in the same manner as provided in this Agreement as if he/she were the Borrower; and (iii) Execute a fresh
agreement, power of attorney (as and when required by the Lender) and such other documents as required by the Lender. Provided that the
Lender shall be entitled to exercise its sole discretion determining whether to enter into an agreement etc. or not with the legal representative and
subject to the legal representative meeting the Lenders credit criteria and other requirement from time to time. In case the legal representative
does not or refuses to follow the above procedure or does not meet the Lenders credit and other requirements, the Lender shall be entitled to
repossess/dispose off/sell/transfer the Vehicle to any third party and the short fall on such recovery shall be recovered from the legal
representative.
20.6 The Obligors further expressly accepts that the Lender shall without prejudice to its right, appoint one or more third parties for verifying physical
premises of the Obligors residence/office or otherwise, collect/attempt to collect Instalments hereunder reserved and/or any other amounts due to
the Lender on behalf of Lender repossess/attempt to repossess the Vehicle and to perform and execute all acts, deeds, matters and things
connected therewith including sending notices of demand, and generally performing all lawful acts as third parties works on behalf of Lender
including legal costs and fees, the expenses of postage, telephone calls, legal notices and proceedings and all expenses of
agents/representatives deputed for verification of physical premises of the Borrower/s office/residence, collection of Instalments and repossession
of Vehicle. Even on occurrence or continuance of any condition recognised as force majeure, the Obligors shall remain fully responsible and liable
for the due repayment of the Outstanding Amounts within such time as may be prescribed by the Lender and for observance of all terms,
conditions and covenants. Net proceeds of sale, realisation, recovery and/or issuance claim proceeds relating to Vehicle on receipt by Lender
shall be applied at the discretion of the Lender. Borrower/s shall continue to be liable for deficiency in amount due/payable to Lender.
20.7 Severability: Each of the provisions of this Agreement are intended to be and shall be construed as independent and several of each other.
Invalidity, illegality or unenforceability of any provision (in whole or part) of the terms and conditions of this Agreement in any jurisdiction shall not
affect such provision in any other jurisdiction or invalidate or affect the remaining provisions (including in case of partial invalidity, the valid part of
the affected provision) of this Agreement.
20.8 The Lenders remedies under this Agreement or Applicable Law including termination of this Agreement shall be several and cumulative and not in
the alternative. The Parties agree that any delay or omission by the Lender in exercising any of its rights, powers or remedies under this
Agreement and other documents pursuant hereto shall not impair the right, power or remedy or be construed as its waiver or acquiescence by the
Lender.
20.9 The Lender may set off any matured Outstanding Amounts due from the Obligors under this Agreement (to the extent beneficially owned by the
Lender) against any matured obligation owed by the Lender to that Obligor.
20.10 The Obligors agree that damages may not be an adequate remedy and the Lender shall be entitled to an injunction, restraining order, right for
recovery, specific performance or such other equitable relief to restrain the Obligors from committing any violation or enforce the performance of
the covenants, warranties or obligations contained in this Agreement.
20.11 In the event of cancellation of the booking of the Vehicle by the Borrower, the Lender shall have exclusive rights to claim the Loan amount from
the concerned Dealer/Manufacturer and the Obligors agrees to indemnify the Lender for all the Losses suffered/sustained by the Lender if the
Dealer/Manufacturer fails to refund the amount disbursed towards the Loan, to the Lender.
20.12 The loan application form, Sanction Letter, Schedules hereto and any amendments thereof shall be deemed to be an integral part of this
Agreement as if the provisions thereof were set out herein in extension.
20.13 In the event any changes are required to be made in any of the Loan Documents based on guidelines / directives issued by the RBI to
non-banking financial companies from time to time, such changes shall be deemed to be incorporated in the Loan Documents as if the same
were part of the documents since inception and thereafter such amended terms and conditions will thereupon apply to and be binding on the
Obligors. Without prejudice to the aforesaid, Lender may in its sole discretion ask the Obligors to co-operate with the Lender to make those
changes in the Loan Documents and the Obligors shall be bound by the same.
20.14 Notwithstanding any suspension or termination of the Loan, all rights and remedies of the Lender as per the Loan Documents shall continue to
survive until the receipt by the Lender of the Outstanding Amounts in full to its satisfaction.

21. Article 21-Guarantee and Guarantors Covenants

21.1 In consideration of Lender giving the Loan, the Guarantor(s) hereby guarantee(s) that his/their obligation shall be concurrent with those of
Borrower in all respects as if he/they was/were the Borrower. Guarantor(s) also guarantee(s) the regular and punctual payment of all the
Outstanding Amounts due and payable and due performance and observance by the Borrower.
21.2 The Guarantor(s) declares that: (i) the Lender shall be at liberty to sue the Borrower/s and Guarantor(s) jointly and/or severally or proceed against
Guarantor(s) as if Guarantor(s) is the principal debtor; (ii) indemnities/guarantees contained herein shall remain in full force and effect for the
tenure of the Agreement and shall survive termination insofar as they relate to events occurred during tenure; and (iii) Guarantor/s shall not
assign, transfer, revoke, cancel, alter, modify or withdraw this guarantee without the prior written consent of the Lender;
21.3 Guarantor/s does/do unconditionally and unambiguously agree and covenant that guarantees shall be and remain as, for all purposes, a
continuing guarantee and shall be in full force and effect till all obligations of Borrower covered under these presents are performed and/or
discharged and all dues of Lender are paid towards its full and final satisfaction.

22. Article 22-Acceptance

22.1 The Obligors have read, understood, agrees and accept all the above terms and conditions of this Agreement, from Article no 1 to 22 on page
nos. ____ to ____ which was filled in their presence, except the Registration Number, which may be filled by the Lender. The Agreement has
been explained to the Obligors in vernacular language and they have understood the entire meaning and have been served a copy after
execution. The Obligors agree that the Agreement commences on and from the execution and remain in force till all the Outstanding Amounts
due to the Lender are fully paid and is legally binding. They further agree that this Agreement may be execute physically by Parties or
electronically, as deemed appropriate to the Lender.
22.1 This Agreement may be executed in any number of counterparts by either handwritten or electronic signature, each of which when executed shall
constitute a original, but all the counterparts shall together constitute the one agreement, and each of which counterparts may be delivered by
emailing the signed scanned document or electronically signed portable document format (pdf) version of this Agreement (as applicable). The
Obligors agrees to the execution of this Agreement in this manner, and the Obligors acknowledges that execution in this manner creates a
binding contract between the Parties. Further, upon the request of the Borrower, this Agreement may be executed in a vernacular language;
however, the English version of this Agreement shall prevail. In addition, the Obligors agree that the details required for the purposes of this
Agreement, which are unavailable as of the date of this Agreement, shall be deemed incorporated and considered as a part of this Agreement, as
and when such details and information are made available.

DECLARATION
The contents of the Loan application, Sanction Letter, this Agreement, and any other Loan Documents have been explained by me/us in Hindi (language) and the
same have been understood by the Obligors.
Signature
____________ ____________ ____________
Borrower Co-Borrower Guarantor

FOR HERO FINCORP LIMITED

___________________________
NAME:
DESIGNATION:
 Schedule A
[This Schedule A forms an integral part of the Loan cum Agreement to Hypothecate]

S. No. Particulars Description

1. Place of Agreement New Delhi
2. Date of Agreement 16/05/2022
3. Branch Address of the Lender Hero FinCorp Ltd. 34, Community Centre, Basant Lok, Vasant Vihar, New Delhi-110057.
4. Details of the Borrower:
a) Name: RAMESH MOKHAM SINGH
b) Fathers Name/Husbands Name: MOKHAM SINGH
c) Address:(including Pin Code/PO/PS/District) 529-KUNDAN NAGAR AHIRKHEDI INDORE NEAR HARIDHAM MANDIR INDORE GALI NO. 5 INDORE NEAR DARBAR TENKER WALE INDORE 452013 INDORE MADHYA PRADESH

d) Constitution: Individual Proprietorship Firm Partnership Firm Company LLP

e) PAN:
f) Email
g) Mobile Number 7089664201
5. Details of the Co-Borrower:
a) Name:
b) Fathers Name/Husbands Name:
c) Address:(including Pin Code/PO/PS/District)
d) Constitution: Individual Proprietorship Firm Partnership Firm Company LLP
e) PAN:
f) Email
g) Mobile Number
6. Details of the Guarantor:
a) Name:
b) Fathers Name/Husbands Name:
c) Address:(including Pin Code/PO/PS/District)
d) Constitution: Individual Proprietorship Firm Partnership Firm Company LLP
e) PAN:
f) Email
g) Mobile Number
7. Description of Vehicle
a) Cost of Vehicle/On Road Price INR-61740
b) Make and Year of manufacture: HF 100
c) Type of Vehicle/Model No HF 100 BS6 DRK CS FI BLACK...
d) Registration Serial No
e) Age of the Vehicle
f) Engine No
g) Chassis No

h) Name of Seller/Dealer/Manufacturer/Sub SUKHMANI AUTOMOBILES (11237)

Dealer/DSA
i) Nature of use of Vehicle Personal Commercial
j) Place of use of Vehicle
8. Loan Details
a) Loan Application Date & No May 16,2022 27348544
b) Sanction Letter date with reference No.
c) Nature of Loan Two Wheeler Loan
d) Loan Amount Rs. 53618
e) Purpose of the Loan Personal
f) Annualized Rate of Interest 23.435
g) nterest Type (Tick whichever is applicable) Fixed Floating Semi Fixed
h) Default Interest
i) Amount of PEMI
9. Repayment of Loan :
a) Tenure of Loan 30
b) Mode of Repayment PDC NPDC FEMI Others,Please Specify_____________
c) Number of Installments 30
d) Amount of each Installment Rs. 2413
e) 1st Installment Amount INR 2413.00 /-
f) Date of commencement of Installment July 8, 2022
g) Period 8/7/2022 To 8/12/2024
h) First Due Date 8/7/2022
i) Last Due Date 8/12/2024
j) Due Dates 8 -of every month
k) Advance Installment 0
l) Number of PDCs/SPDCs
Repayment Schedule shall mean the schedule for payment of interest and repayment of the
m) Repayment Schedule principal component of the Facility by the Borrower to the Lender and attached as Annexure
hereto, as amended depending upon the actual date of Disbursement and communicated by the
Lender to the Borrower, from time to time
10. Details of Security:

a) Primary Security First and exclusive charge by way of hypothecation in favour of HFCL on the vehicle financed by
HFCL.
b) Other Security,if any
11. Charges/Fees
a) Processing Fees

b) Prepayment Charges 5% of Principal Outstanding Within 6 (six) months from date of disbursement, Interest on
loan amount for 6 (six) months plus prepayment charges
c) Cheque/NACH dishonor charges
d) Re-imbursement of Valuation charges
e) Damages Rs. /- per day
f) Cheque Swap Charges NA
g) Delayed Payment Charges 3% of overdue amount
h) Default Charges
i) Stamp duty Charges 0.00
j) Re-imbursement of F.I/CPS/Form
k) Set Charges
l) Re-imbursement of Collection charges
m) Retrieval of Loan Documents Charges
n) Legal, Repossession & Incidental Charges
o) Other Charges 0.00
p) Taxes GST and all other applicable taxes statutory levies, if any will be charged additionally.
Classification & Upgradation of Special mention Basis of Classification:
accounts (SMA)/ Non-Performing Asset (NPA):
If Principal or interest or any other amount remain SMA Sub-Categories Principal or Interest Wholly or Partly Overdue
overdue (wholly or partly) then borrower loan
account shall reflect the asset classification SMA 0 Upto 30 days
q)
(SMA/NPA) status of an account at the day-end of SMA-1 More than 30 days and upto 60 days
that calendar date.
Loan accounts classified as NPAs may be SMA-2 More than 60 days and upto 90 days
upgraded as ‘Standard’ asset only if entire arrears
of interest and principal are paid by the borrower. NPA More than 90 days

____________ ____________ ____________

Borrower Co-Borrower Guarantor
 Schedule B
DISBURSEMENT REQUEST FORM

Date____________
To

Hero FinCorp Ltd.

34, Community Centre, Basant Lok,
Vasant Vihar, New Delhi-110057

Dear Sir,

I/We have been sanctioned a Loan of Rs.________________/- (Rupees _____________________ only) by Hero FinCorp
Limited (“Lender”). I/We wish to take the disbursement of my Loan and request you to disburse the following amount by a
Demand Draft/Cheque/Electronic transfer to the following:

Amount to
Sr.No Account Holder Name Account Number Bank & Branch IFSC Code be
disbursed(In
INR)
1 110048134000 CNRB0006649 50000.00

I/We hereby confirm/declare that:

(a) All the representations and warranties contained in the Loan cum Agreement to Hypothecate are true and correct on the
date hereof as if each was made with respect to the facts existing on such date;
(b) No Event of Default or potential Event of Default has occurred or is continuing and further, no such event has happened
which would result in a material adverse effect;
(c) All the necessary certificates and documentation required by Lender is attached herewith or has already been made
available to Lender;
(d) The proceeds of the proposed disbursement shall be used for the purposes as stated in Loan cum Agreement to
Hypothecate;
(e) This disbursement shall be subject to credit limit fixed by Lender from time to time and we shall not protest the decision
of Lender in this regard;
(f) We agree and undertake to repay the disbursed amount of the Loan facility as per the repayment schedule and in
accordance with the Loan cum Agreement to Hypothecate and further agree and acknowledge that Lender shall be entitled
to demand immediate repayment of the disbursed amount if any installment of interest/principal installment remain unpaid
on the due date for payment thereof;
(g) This Disbursement Request Form is irrevocable.

Name Signature
Borrower RAMESH MOKHAM SINGH
Co-Borrower
 CHEQUE SUBMISSION FORM
Important Instructions:

Cheque should be crossed as “Account Payee only”

The cheque should be drawn in favour of “Hero FinCorp Limited” only.
HFCL does not take responsibility for cheques left blank or drawn in favor of any name other than HERO FINCORP LIMITED
Please ensure that amount in words and figures are the same without any correction/alteration
Installment/EMI cheques to be dated as per your Repayment Schedule

Custemer Details:

Name of the Borrower: RAMESH MOKHAM SINGH

Application No: 27348544
LAN No: TWLIDJ11242341

CHEQUE DETAILS:

Sr.No Cheque Numbers Date of Cheque Np.of A/C Type Name of Bank & Account Purpose(EMI/PEMI/SPDC)
Ranging Ranging Cheques (Savings/Current) Branch No.
From To From To

I/We declare that I/We have not given any cheques other than the ones mentioned above and all cheques are drawn in
favour of “Hero FinCorp Limited”.

Thanking You

Yours faithfully

Name of the Borrower_________________ Signature of the Borrower_________________

Name of the Co-Borrower_________________ Signature of the Co-Borrower________________

Account Holder Name_________________ Account Hoder Signature__________________

Place:___________________

Date:____________________

Received By:

Sales representative's name & signature with date _________________________________________

 UMRN Date 1 6 0 5 2 0 2 2
Sponsor bankcode Utility Code
CREATE
SB CA CC SB-NRE SB-NRO
MODIFY I/We hereby Authorize Hero FinCorp Ltd To Debit
OTHER
CANCEL

Bank a/c Number 1 1 0 0 4 8 1 3 4 0 0 0

With Bank CANARA BANK IFSC C N R B 0 0 0 6 6 4 9 or MICR 4 5 2 0 1 5 0 2 8

an amount of Rupees Fifty Three Thousand Six Hundred Eighteen Rupees only 53618
Frequency Monthly Qtly H-Yrly Yearly As & when presented Debit Type Fixed Amount Maximum Amount
Reference 1 27348544 Phone Number
Reference 2 Email ID
I agree for the debit of mandate processing charges by the bank whom I am authorizing to debit my account as per latest schedule of charges of bank
PERIOD

From 0 8 0 7 2 0 2 2
To* Sign. Primary Acc. Holder Sign Acc. Holder Sign Acc. Holder

Or Until Cancelled 1. RAMESH MOKHAM 2.Name as in Bank Records 3.Name as in Bank Records
SINGH

This is to confirm that declaration has been carefully read, understood & made by me/us. I'm authorizing the user entity/Corporate to debit my account, based on the instruction as agreed and signed by me. I've understood
that I'm authorized to cancel/amend this mandate by appropriately communicating the cancellation/amendment request to the user/entity/corporate or the bank where I've authorized the debit.

UMRN Date
Sponsor bankcode Utility Code
CREATE
SB CA CC SB-NRE SB-NRO
MODIFY I/We hereby Authorize Hero FinCorp Ltd To Debit
OTHER
CANCEL
Bank a/c Number

With Bank IFSC or MICR

an amount of Rupees

Frequency Monthly Qtly H-Yrly Yearly As & when presented Debit Type Fixed Amount Maximum Amount
Reference 1 27348544 Phone Number
Reference 2 Email ID
I agree for the debit of mandate processing charges by the bank whom I am authorizing to debit my account as per latest schedule of charges of bank
PERIOD
From
To* Sign. Primary Acc. Holder Sign Acc. Holder Sign Acc. Holder
Or Until Cancelled 1. 2.Name as in Bank Records 3.Name as in Bank Records

This is to confirm that declaration has been carefully read, understood & made by me/us. I'm authorizing the user entity/Corporate to debit my account, based on the instruction as agreed and signed by me. I've understood
that I'm authorized to cancel/amend this mandate by appropriately communicating the cancellation/amendment request to the user/entity/corporate or the bank where I've authorized the debit.

UMRN Date
Sponsor bankcode Utility Code
CREATE
SB CA CC SB-NRE SB-NRO
MODIFY I/We hereby Authorize Hero FinCorp Ltd To Debit
OTHER
CANCEL
Bank a/c Number

With Bank IFSC or MICR

an amount of Rupees

Frequency Monthly Qtly H-Yrly Yearly As & when presented Debit Type Fixed Amount Maximum Amount
Reference 1 27348544 Phone Number
Reference 2 Email ID
I agree for the debit of mandate processing charges by the bank whom I am authorizing to debit my account as per latest schedule of charges of bank
PERIOD
From
To* Sign. Primary Acc. Holder Sign Acc. Holder Sign Acc. Holder
Or Until Cancelled 1. 2.Name as in Bank Records 3.Name as in Bank Records

This is to confirm that declaration has been carefully read, understood & made by me/us. I'm authorizing the user entity/Corporate to debit my account, based on the instruction as agreed and signed by me. I've understood
that I'm authorized to cancel/amend this mandate by appropriately communicating the cancellation/amendment request to the user/entity/corporate or the bank where I've authorized the debit.
 Form No. E-5
Hero FinCorp Ltd.

Finance made easy Mandate Form

Electronic Clearing Service (Debit) clearing / Direct Debit

Utility Code: Application ID No: 2 7 3 4 8 5 4 4

Name: Hero Fincorp Ltd.

Address: 9,Community Center, Basement
Basant lok,Vasant Vihar,
The Manager New Delhi-110057

Bank Name:
C A N A R A B A N K

Branch Name:

Address:
N E M A W A R R O A D I N D O R E

I hereby authorize you to debit my account for making payment to Hero FinCorp Ltd. through ECS (Debit) clearing / Direct Debit as per the details given as under.

Mode of Payment (Please tick) ECS Direct Debit

MICR - 9 Digit code numbers of the bank & branch

(Appearing on the MICR cheque issued by the bank): 4 5 2 0 1 5 0 2 8

Account Type - S.B. Account: Current Account: Cash Credit: Other:

Ledger No / Ledger Foilo No:

Account 1 1 0 0 4 8 1 3 4 0 0 0
Number:

E. Account holder names (As per bank’s record):

R A M E S H M O K H A M S I N G H

Name of the Mandate Valid up to Amount Periodicity

Date of effect (End Date) (Upper limit in Rs) (Upper limit in Rs)
Scheme

TW 0 8 0 7 2 0 2 2 0 8 1 2 2 0 2 4 5 3 6 1 8 Monthly

F. Date of Effect: 0 8 0 7 2 0 2 2

I/We hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at all for reasons of incomplete
or incorrect information, I would not hold the user institution responsible. I have read the option invitation letter and agree to discharge the responsibility
expected of me as a participant under the scheme.
Date:
1. 2. 3.
Signature(s) of the account holder(s). (As per bank’s record)
For Bank Use Only
Certified that the bank account details and signatures of the account holders are correct and as per bank’s records.

Date: Stamp & Signature of the Authorized Official of the Bank

 Form No. E-5
Hero FinCorp Ltd.

Finance made easy Mandate Form

Electronic Clearing Service (Debit) clearing / Direct Debit

Utility Code: Application ID No:

Name: Hero Fincorp Ltd.

Address: 9,Community Center, Basement
Basant lok,Vasant Vihar,
The Manager New Delhi-110057

Bank Name:

Branch Name:

Address:

I hereby authorize you to debit my account for making payment to Hero FinCorp Ltd. through ECS (Debit) clearing / Direct Debit as per the details given as under.

Mode of Payment (Please tick) ECS Direct Debit

MICR - 9 Digit code numbers of the bank & branch

(Appearing on the MICR cheque issued by the bank):

Account Type - S.B. Account: Current Account: Cash Credit: Other:

Ledger No / Ledger Foilo No:

Account
Number:

E. Account holder names (As per bank’s record):

Name of the Mandate Valid up to Amount Periodicity

Date of effect (End Date) (Upper limit in Rs) (Upper limit in Rs)
Scheme

TW Monthly

F. Date of Effect:

I/We hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at all for reasons of incomplete
or incorrect information, I would not hold the user institution responsible. I have read the option invitation letter and agree to discharge the responsibility
expected of me as a participant under the scheme.
Date:
1. 2. 3.
Signature(s) of the account holder(s). (As per bank’s record)
For Bank Use Only
Certified that the bank account details and signatures of the account holders are correct and as per bank’s records.

Date: Stamp & Signature of the Authorized Official of the Bank

 Form No. E-5
Hero FinCorp Ltd.

Finance made easy Mandate Form

Electronic Clearing Service (Debit) clearing / Direct Debit

Utility Code: Application ID No:

Name: Hero Fincorp Ltd.

Address: 9,Community Center, Basement
Basant lok,Vasant Vihar,
The Manager New Delhi-110057

Bank Name:

Branch Name:

Address:

I hereby authorize you to debit my account for making payment to Hero FinCorp Ltd. through ECS (Debit) clearing / Direct Debit as per the details given as under.

Mode of Payment (Please tick) ECS Direct Debit

MICR - 9 Digit code numbers of the bank & branch

(Appearing on the MICR cheque issued by the bank):

Account Type - S.B. Account: Current Account: Cash Credit: Other:

Ledger No / Ledger Foilo No:

Account
Number:

E. Account holder names (As per bank’s record):

Name of the Mandate Valid up to Amount Periodicity

Date of effect (End Date) (Upper limit in Rs) (Upper limit in Rs)
Scheme

TW Monthly

F. Date of Effect:

I/We hereby declare that the particulars given above are correct and complete. If the transaction is delayed or not effected at all for reasons of incomplete
or incorrect information, I would not hold the user institution responsible. I have read the option invitation letter and agree to discharge the responsibility
expected of me as a participant under the scheme.
Date:
1. 2. 3.
Signature(s) of the account holder(s). (As per bank’s record)
For Bank Use Only
Certified that the bank account details and signatures of the account holders are correct and as per bank’s records.

Date: Stamp & Signature of the Authorized Official of the Bank

 ACKNOWLEDGEMENT
I/We Mr. RAMESH MOKHAM SINGH,s/o/ d/o/w/o Mr MOKHAM SINGH r/o 529-KUNDAN NAGAR AHIRKHEDI INDORE, NEAR HARIDHAM MANDIR INDORE,
GALI NO. 5 INDORE have received the copy of all the Loan Documents including Sanction Letter Loan Cum Agreement to Hypothecate dated ______________along
with its Schedules attached thereto. I/We also hereby confirm that the contents of the copy of Loan Documents have been explained to me/us in the language
understandable by me/us. I/We have understood the meaning of all the provisions/contents of the Loan Documents and have voluntarily executed the said Loan
Documents upon understanding the contents therein.

____________ ____________
Borrower Co-Borrower

BY REGD. A.D./COURIER/HAND

From Date____________
_______________________
_______________________
To
The Registering Authority,
Public Vehicles Department,
Re: Recording of transfer in Registration Certificate

Dear Sir,
Please note that pursuant to a Loan cum Agreement to Hypothecate dated __________ executed between ___________ and Hero FinCorp Limited( Agreement),
Vehicle bearing Registration No.__________ Chassis No.__________ and Engine No.__________ ("Vehicle")registered in the name of __________is hypothecated
with Hero FinCorp Limited, a company incorporated under the Companies Act, 1956, a Non Banking Financial Company registered under the provisions of Reserve
Bank of India and having its registered office at 34, Community Centre, Basant Lok, Vasant Vihar, New Delhi -110057 (hereinafter referred to as HFCL) and a first
and exclusive charge is created on the said Vehicle in favour of HFCL.
Pursuant to the terms of the Agreement, I have no objection and hereby, request you to accept & process the request for transfer/name change of the recorded owner
of the above mentioned Vehicle in the Registration Certificate of the said Vehicle from _____________ to ______________ son of __________________ residing at
__________________________ or otherwise as may be instructed by HFCLor any other person authorised by HFCL.

Yours faithfully,

____________ ____________ ____________

Borrower Co-Borrower Guarantor

BY REGD. A.D./COURIER/HAND

From Date____________
_______________________
_______________________
_______________________
To
The Registering Authority,
Public Vehicles Department,
_______________________

Re: Duplicate Registration Certificate

Dear Sir,

The Motor Vehicle No ______________, Chassis No _____________and Engine No ____________ registered in my name is hypothecated with Hero FinCorp
Limited, a company incorporated under the Companies Act, 1956, a Non Banking Financial Company registered under the provisions of Reserve Bank of India and
having its registered office at 34, Community Centre, Basant Lok, Vasant Vihar, New Delhi -110057 (hereinafter referred to as HFCL).
Pursuant to Loan cum Agreement to Hypothecate dated ___________ executed between _____________, _____________ and HFCL (Agreement), an exclusive
first charge is subsisting in favour of HFCL against the dues of the said ______________.
I/We have no objection and hereby request you to issue duplicate Registration Certificate in respect of the abovementioned vehicle at the request of HFCL or any
other person authorised by them which may also be handed over to the representative of HFCL.

Thanking you,
Yours faithfully,

____________ ____________ ____________

Borrower Co-Borrower Guarantor
From Date____________
_______________________
_______________________
To
Hero FinCorp Ltd.
34, Community Centre, Basant Lok,
Vasant Vihar, New Delhi-110057
Re: Loan Cum Agreement to Hypothecate dated ______________________(“ Agreement ”)

Dear Sir,
With reference to the above I/We hereby place on record, acknowledge and admit that I/We have defaulted in timely payment of loan installments, in terms of the
Agreement. As such, I/We hereby willingly and without any protest/ dispute are handing over the peaceful possession of the vehicle(s) financed by you under the
Agreement and authorise you to sell the vehicle(s) at the best available market price at your discretion. Upon the said sale, you can adjust the sale proceeds against
my/our outstanding dues including delayed payment and other charges as applicable under the Agreement. I/We confirm that I/We will not raise any dispute
whatsoever in respect of the said sale of the vehicle(s) and the adjustment thereof and I/We shall pay the balance dues forthwith, (if any) that may remain after
adjustment as above upon your demand for the same.
Thanking you,
Yours faithfully,

____________ ____________
Borrower Co-Borrower

From Date____________
_________________________________________
____________________________________________
To,
Hero FinCorp Ltd.
34, Community Centre, Basant Lok,
Vasant Vihar, New Delhi-110057

Dear Sir,
Sub: Loan facility for______________________________________Vehicle

I/We thank you for agreeing to finance the above vehicle(s) in terms of the Loan cum Agreement to Hypothecate dated ( Agreement) executed by you with me/us.
The aforesaid vehicle(s) which shall be hypothecated to you under the above Agreement as security for the loan advanced to me/ us and which I/We shall possess
subject to the terms and conditions of the aforesaid Agreement shall be registered in my name for the purpose of Motor Vehicle(s) Act, 1988 (including statutory
amendments thereof) with your lien endorsement as financier.
In case you are required to repossess the said vehicle(s) due to my/our breach of the terms and conditions of the Agreement, you may get the said vehicle(s)
transferred in your name or in the name of any purchaser of yours, and for which purpose I/We have already signed and delivered the necessary transfer forms.
However, please note that since it was not possible to mention the vehicle particular(s) and registration number(s) in the Agreement at the time of signing the
Agreement, I/We hereby authorise you to fill-in the same in the Agreement/transfer forms etc. or wherever required after completion of registration of vehicle(s).
I/We further undertake to pay the first and subsequent installments on the due dates irrespective of the period taken by the dealer for delivery of the said vehicle(s).

Thanking you,
Yours faithfully,

____________ ____________
Borrower Co-Borrower
To, Hero FinCorp Ltd.
34, Community Centre, Basant Lok,
Vasant Vihar, New Delhi-110057
Sub: Loan cum Agreement to Hypothecate dated___________________________(“Agreement”)

Dear Sir,

With reference to the above mentioned subject and further after having read and understood the various terms and conditions of the Agreement, as also of the other
transaction documents related thereto. I hereby acknowledge, agree and undertake as follows:
1. That I fully understand that the Borrower in the above agreement, as a consequence of myself becoming a Co-Borrower, has become eligible for a loan facility
offered by you and that the liability of the Borrower and myself as Co-Borrower is joint and several at all times.
2. That I undertake being fully conscious of the fact that the asset (vehicle) given on Loan by you shall be delivered to and be used by the Borrower herein and
irrespective of this fact I agree and state that for all purposes it will be deemed & interpreted that I have also taken delivery of the said asset (vehicle) and that I am in
custody of the said asset (vehicle) and I am using the same.
3. That I agree and undertake that all terms and conditions as is applicable to the Borrower shall in the same manner and form, apply to me.
4. That I agree and undertake that, even if the vehicle is registered in the name of the Borrower/s, I being the Co-Borrower shall remain jointly and severally liable
to repay you all dues as per the Agreement stated above and until and unless all the dues are received by you, this undertaking shall be valid, subsisting & continuing
in nature.
5. That this undertaking of mine is irrevocable and has been issued by me after understanding all responsibilities, obligations and terms of the Agreement.
Thanking you,
Yours faithfully,

____________
Co-Borrower

To, Hero FinCorp Ltd.

34, Community Centre, Basant Lok,
Vasant Vihar, New Delhi-110057
Sir,
This is to inform you about the loan application of the following description:
Customer Name Insurance Cost Dealer Name

Ex Showroom Cost Vehicle Model Registration Cost

Loan Amount : Rs.53618

With regards the aforesaid Vehicle, I am informed by the concerned dealer that there is a waiting period for the delivery of my vehicle, for which reason I/We request
you to disburse my loan. I/We hereby undertake and acknowledge that: -
(a) I/We understand that Hero FinCorp Limited has only financed my above-mentioned vehicle and has no role to play in the delivery of the vehicle. I/We
therefore undertake to pay all my monthly installments on time irrespective of the status of my vehicles delivery as per the terms of the Loan cum Agreement to
Hypothecate.
(b) In case if I/We decide to change the vehicle model on account of delay in delivery or cancel my booking, I/ We shall foreclose the loan with Hero FinCorp
Limited and will pay full foreclosure charges to [%] as per the Loan cum Agreement to Hypothecate.
(c) In case I/We make only a part payment of the margin money to the dealer, I/We would request you to send the disbursement cheque to the Dealer wherein I/We
will ensure that prior to taking delivery of the vehicle the balance amount of margin money would be paid to the Dealer. Further I/We ensure that in case of failure to
pay the balance margin money, Hero FinCorp Limited shall be entitled to (amongst other actions) terminate/cancel the Loan Agreement and I/We shall be liable to
pay all charges as per the Loan cum Agreement to Hypothecate.
(d) Comprehensive insurance of vehicle and registration with Regional Transport Office, including registration of charge in favour of Hero FinCorp Limited, in both
cases i.e. insurance and vehicle registration, before taking delivery of the vehicle shall be my/our sole responsibility and I/We undertake to ensure the same.

Yours Truly,

____________ ____________
Borrower Co-Borrower
To,
Hero FinCorp Ltd.
34, Community Centre, Basant Lok,
Vasant Vihar, New Delhi-110057
Sub:Loan cum Agreement to Hypothecatedated ____________executed between ___________, ___________ and Hero FinCorp Limited (Agreement)

Dear Sir,

I\We hereby place on record and admit that there has been default in the timely payment of installment(s), for the month(s) of _______ amounting to
Rs.______________, arising out of the captioned Agreement, where I/We stood as Guarantor(s) and executed the said Agreement in your favour towards the
payment of all Outstanding Amounts covered under the above Agreement.
Pursuant to the admission & acknowledgement of such dues, I/We hereby handover peaceful possession of my/our/ vehicle(s) bearing No(s) ________________ and
authorize you to sell the above vehicle(s) at the best available market price at your discretion and adjust the sale proceeds against your Outstanding Amounts
including delayed payment and other charges.
I/We confirm that I/We will not raise any dispute whatsoever in respect of such transfer/sale and/or manner of transfer/ sale of the vehicle(s) and the adjustment of the
sales receipt thereof and I/We hereby confirm that I/we shall forthwith pay the balance dues after adjustment (as applicable)upon your demand for the same.

Thanking you,

Yours faithfully,

____________
Guarantor

To,
________________________
________________________
Sub: Insurance Policy No.___________________________for Vehicle_________________________ bearing Registration No.______________

Dear Sir

The above vehicle is insured with you under the above policy.
The said vehicle is in my/our possession and is subject to a Loan cum Agreement to Hypothecate with Hero FinCorp Limited dated ___________________ .
I\We hereby irrevocably confirm that all amounts of claims that may arise in respect of the above vehicle under the above insurance policy are payable to the said
Lender i.e. Hero FinCorp Limited.
The discharge vouchers given by the said Lender would be final and binding on me/us and should be processed by you forthwith without any need of subsequent
verification or confirmation from my end.
These instructions are irrevocable as far as the above insurance policy or its renewals are concerned. You are kindly requested to note, acknowledge and oblige the
aforementioned directions for all future references. Thanking you,

Yours faithfully,

____________ ____________
Borrower Co-Borrower
 CONFIRMATION/DECLARATION
Date ____________________
From
________________________
________________________
To,
Hero FinCorp Ltd.
34, Community Centre, Basant Lok, Vasant Vihar, New Delhi-110057.

Re: Loan cum Agreement to hypothecate dated __________________ (Agreement)

Sub: Confirmation/Declaration of creation of hypothecation

Dear Sir,

In furtherance to the Agreement, the Asset /Vehicle (as described under Schedule I hereto) owned by me/registered in my name stands
hypothecated in favour of Hero FinCorp Limited, a company incorporated under the Companies Act, 1956 (presently operating under Companies
Act, 2013), a non banking financial company registered under the provisions of Reserve Bank of India and having its registered office at 34,
Community Centre, Basant Lok, Vasant Vihar, New Delhi -110057. Accordingly, an exclusive first charge is created on the Assets in favour of
Hero FinCorp Limited, as per terms of the Agreement.
Confirmed by:

Borrower

Co-Borrower

Guarantor

Schedule-I
Description of Vehicle

Make:

Price:

Registration No.

Engine No.

Chassis No.
 Amortization Table

INSTALLMENT NO OPENING PRINCIPAL INSTALLMENT AMT INSTALLMENT PRINCIPAL INTEREST BALANCE PRINCIPAL
1 53618.0 2413 598 1815 53020.0
2 53020.0 2413 1377 1036 51643.0
3 51643.0 2413 1404 1009 50239.0
4 50239.0 2413 1431 982 48808.0
5 48808.0 2413 1459 954 47349.0
6 47349.0 2413 1488 925 45861.0
7 45861.0 2413 1517 896 44344.0
8 44344.0 2413 1546 867 42798.0
9 42798.0 2413 1577 836 41221.0
10 41221.0 2413 1607 806 39614.0
11 39614.0 2413 1639 774 37975.0
12 37975.0 2413 1671 742 36304.0
13 36304.0 2413 1704 709 34600.0
14 34600.0 2413 1737 676 32863.0
15 32863.0 2413 1771 642 31092.0
16 31092.0 2413 1805 608 29287.0
17 29287.0 2413 1841 572 27446.0
18 27446.0 2413 1877 536 25569.0
19 25569.0 2413 1913 500 23656.0
20 23656.0 2413 1951 462 21705.0
21 21705.0 2413 1989 424 19716.0
22 19716.0 2413 2027 386 17689.0
23 17689.0 2413 2067 346 15622.0
24 15622.0 2413 2107 306 13515.0
25 13515.0 2413 2149 264 11366.0
26 11366.0 2413 2191 222 9175.0
27 9175.0 2413 2233 180 6942.0
28 6942.0 2413 2277 136 4665.0
29 4665.0 2413 2321 92 2344.0
30 2344.0 2413 2344 46 0.0
**For loan disbursed till 15th of the month, EMI would be presented on 08th of the subsequent month. Thereafter, for loan disbursed from the 16th of the month till
15th of next month, EMI would be presented on 8th of next to next month.
**Repayment Schedule will be shared separately after Loan Disbursement.