Business Loan Term & Overdraft Agreement

Dear Applicant,

We are pleased to welcome you to the Tata Capital Family!

Pursuant to your loan application, kindly find enclosed the below documents pertaining to
your loan:

a) Loan Agreement / T&C

b) Key Fact Statement
c) Repayment Schedule
d) Privacy Policy

Thank you,

Yours truly,
For Tata Capital Financial Services Limited

For Tata Capital Financial Services Limited

Signed and delivered by the within named Lender

Tata Capital Financial Services Limited
by the hands of its Authorized Signatory/ Constituted
Attorney Mr Deepak Aggarwal

Authorised Signatory/ies

TATA CAPITAL FINANCIAL SERVICES LIMITD

IP Address:42.106.236.118:5903 Date & Time: 26-07-2023 22:02:41

 Business Loan - Key Fact Statement & Loan Details
Place of
1)
Execution Mumbai
Date of
2)
Execution
26-07-2023

Name of
3) Regulated Tata Capital Financial Services Limited
Entity

a) Name: RAMESHBHAI AMBAVI GOTHI

b) Constitution: Proprietorship Firm
c) Address Mumbai MAHARASHTRA 400102
a) Name: JAYSUKH A PATEL
b) Constitution: Individual
c) Address Haji ahmed amir chawl sv road jogeshwari west Mumbai MAHARAS
a) Name:

Details of b) Constitution:
the
4) Borrower/s c) Address
& Co- a) Name:
Borrower/s
b) Constitution:

c) Address
a) Name:

b) Constitution:

c) Address
a) Name
b) Constitution
c) Address
5) Purpose Business Working Use

a. Amount
of the Initial 673000
Rs. _______________________ /-
Facility/
Loan SIX LAKH SEVENTYTHREE THOUSAND
(Rupees ______________________________________________________________ only)
Amount
6)

b. Amount Rs. _______________________ /-

of
Additional (Rupees ______________________________________________________________only)
Facility

Processing 2.50
7)
Fees
________% of the Loan Amount/ Facility amount Rs. 16825
a) Insurance & Third-Party Product Charges Rs. 4685
b) Stamp Duty Rs. 0
c) Documentation Charges 1999
Other Broken Period Interest
8) (Broken Period Interest amount and 1st EMI date depend on the date of disbursal and the final figures
Deductions d) Rs. 4206
would be mentioned in the Welcome Letter)

e) Other Charges (if any) Rs.

f) Total Deductions (a + b + c + d+ e) Rs. 10890
Net
9) Disbursed (6) less (7 + 8.f) Rs. 645285
Amount

Type of
10) Facility Term Loan Facility: ✔
 48
or Revolving Facility:  Tenure (in Months): _____________
opted

IP Address:42.106.236.118:5903 Date & Time: 26-07-2023 22:02:41

 If Revolving Facility, then

a) Maximum Credit Limit Rs. _________________/-

(Rupees____________________________________________________________)

 Dropline Facility

b)

 Flexi Facility (Combination of Fixedline + Dropline) of which Fixedline tenure of ___________ months.

c) Frequency at which the Maximum Credit Limit shall be reduced: Monthly

Amount by which Maximum Credit Line shall be reduced on the frequency specified in (c) Maximum Credit Limit
d)
above: Remaining Tenure
a) First EMI due on 05/09/2023
b) Last EMI Date 05/08/2027
c) Instalment Due Date 5th of every month
Repayment
11) d) No. of Instalments of Repayment 48
Schedule
Monthly Instalment payable (including insurance in case of insurance provision) under term 22315
Rs. ______________
e)
loan facility per month
f) Repayment frequency by the Borrower Monthly
Moratorium
12) period (if
any)

a) Interest Type: Fixed

Interest
13)
Payable
b) Rate of Interest: 25.00 % p.a.
c) Total interest charge during the entire tenor of the loan 398108

For default in payment of interest and/ or principal amounts – 3% per month on overdue amount (Annualized
a)
penal charge of 36%)
Additional
14)
Interest
For delay or non-submission of the financial statements or such other documents as required under the Facility
b)
Documents - 3% per month (Annualized penal charge of 36%)

Foreclosure charges on Term Loan Facility:

a) 4.5% on the principal outstanding at the time of foreclosure.
In case the Borrower forecloses the Facility within 12 months after doing part-prepayment, foreclosure charges of 4.5%
b)
will be levied on the principal outstanding plus part prepayment amount.
Any prepayment/foreclosure made during the Lock-in period will attract additional 2% over and above the prepayment/
c)
foreclosure charges mentioned in (a) above on the principal outstanding at the time of foreclosure.
Foreclosure charges on Top-up:
Foreclosure
15) a) 2.50% on the principal outstanding at the time of foreclosure.
Charges
b) Foreclosure charges shall be levied only if new rate is lower than existing rate.
Any prepayment/ foreclosure made during the Lock-in Period will attract prepayment/ foreclosure charges of 4.5% on the
c)
principal outstanding.
Foreclosure Charges in Dropline Facility:
a) 4.5% on the Dropped down limit amount.
Any prepayment/ foreclosure made during the Lock-in Period will attract additional 2% over and above the prepayment/
b)
foreclosure charges mentioned in (a) above on the Dropped down limit

a) Payment Instruments swapping Rs. 550/- per instance

Rs. 2000/- for every Cheque/ Payment

b) Dishonour Charges
Instrument Dishonour
16) Charges Rs. 450/-
(Charges will be levied if new mandate
c) Mandate Rejection Service Charges form is not registered within 30 days
from the date of rejection of previous
mandate form by Borrower’s bank for
any reasons whatsoever.)

IP Address:42.106.236.118:5903 Date & Time: 26-07-2023 22:02:41

 First Year: 0.75% or Rs. 1000,
(whichever is higher) per year will be
deducted from the limit and shall be
payable at the end of the 13th month.
d) Annual Maintenance Charges for BL Overdraft (Dropline facility)
Subsequent Year: 0.50% or Rs. 1000,
(whichever is higher) per year will be
deducted from the limit and shall be
payable at the end of the 13th month.
2% of the Loan Amount/ Facility amount
OR
e) Cancellation charges Rs. 5750/-
Whichever is higher

f) Duplicate Repayment Schedule Rs. 550/-

g) Duplicate NOC Rs. 550/-

Customer portal – Nil

h) Statement of Account (SOA)
Branch walk in – Rs. 250/-
Customer portal – Nil
i) Foreclosure Letter Charge
Branch walk in – Rs 199/-
j) Post Dated Cheque Charges Rs. 850/- + GST
Legal Charges
a) SEC 138 & Sec 25 filing Rs. 3400/-
b) Arbitration Filing Rs. 4000/-
District Court: Rs. 4000/- and High
c) Receiver Order
court: Rs. 13,500/-
d) Notice Rs. 125/-
e) Legal Notice Rs. 300/-

f) Charge for Notice & another legal notice Rs. 3000/-

g) Execution of award Rs. 5600/-

a) Life Insurance Premium 4685
b) General Insurance Premium
Insurance &
Third-Party c) Health Insurance Premium
17)
Product d) IHO Plan Amount
Charges
e) One Assist Plan Amount
f) CPP Plan Amount
a) Total Amount to be paid by the borrower (6 + 13.c) Rs. 1071108
Other
Annual Percentage Rate % - Effective annualized interest rate (in percentage) (computed on
18) Important
b) net disbursed amount using IRR approach and reducing balance method) 27.52 % p.a.
Details
Note: APR may change in case there is change in the Scheme opted.
Cooling off/ look-up period during which borrower shall not be charged any penalty on 5 days from the date of
a)
prepayment of loan loan disbursal
b) Details of LSP acting as recovery agent and authorized to approach the borrower Not Applicable
c) Details of Nodal Grievance Redressal Officer:
i) Name Francyna Dias
Other ii) Designation Grievance Redressal Officer
Disclosures
11th Floor, Tower A, Peninsula
iii) Address Business Park, Ganpatrao Kadam
19) Marg, Lower Parel, Mumbai - 400013
iv) Phone No. 18602676060
If you are not satisfied with the resolution, please visit the link: https://www.tatacapital.com/contact-
us/customer-grievances.html and submit your grievances

Note: (GST, other government taxes and levies as applicable, will be levied on all fees and charges in this document)

IP Address:42.106.236.118:5903 Date & Time: 26-07-2023 22:02:41

 Place of
Arbitration

20) Delhi  Chennai  Mumbai  Kolkata  Bangalore 

(Tick,
whichever is
applicable)

Jurisdiction

21) (Tick, Delhi  Chennai  Mumbai  Kolkata  Bangalore 

whichever is
applicable)

Relevant
Sr.
Conditions Provisions Timelines
No. in T&Cs
Clause
a) End use certificate shall be provided by the Obligors to the Lender Within 30 days
2(C)(i)
Clause
5.14 and/or
b) Fresh Payment Instruments shall be delivered by the Obligors to the Lender Within 7 days
Clause
5.18
Within 45 days from the
end of the relevant
TDS certificate in the Form No. 16A of the IT Act downloaded from the TDS quarter in which tax is
Clause
c) Reconciliation Analysis and Correction Enabling System (“TRACES”) website deducted and within 75
5.25.5
shall be provided by the Obligors to the Lender days from the end of the
last quarter of the
financial year

22) Timelines
An amount equivalent to the TDS amount paid by the Obligors shall be
refunded to the Borrower by the Lender upon receipt of the TDS certificate and Clause
d) Within 90 days
subject to compliance with the conditions stipulated in the relevant provision of 5.25.5
the T&Cs.

after the 30 days of the

Clause
e) TDS refund claim will not be entertained by the Lender. succeeding financial
5.25.5
year
not later than 60 days of
Credit of the TDS amount may be requested by the Obligors by furnishing of Clause
f) the succeeding financial
the TDS certificate. 5.25.9
year

Joint and several liability of the Obligors to indemnify and keep the Indemnified within 15 days from the
g) Clause 11
Person(s) indemnified and harmless. date of demand

Privacy Policy: Please refer to the privacy policy on:

https://www.tatacapital.com/content/dam/tata-capital/pdf/footer/Privacy_Commitment.pdf

IP Address:42.106.236.118:5903 Date & Time: 26-07-2023 22:02:41

 Business Loan Term & Overdraft Agreement

Repayment Schedule
Annual Loan Installment
Interest Rate 25.00 673,000 48
Amount (Tenor)
%

Amount (Rs.)
Effective
Opening
Instl. # Due Date Installment Principal Interest Rate (%) /
Balance Days
1 05/09/2023 673,000 22,315 8,294 14,021 25.00/30
2 05/10/2023 664,706 22,315 8,467 13,848 25.00/30
3 05/11/2023 656,239 22,315 8,643 13,672 25.00/30
4 05/12/2023 647,596 22,315 8,823 13,492 25.00/30
5 05/01/2024 638,773 22,315 9,007 13,308 25.00/30
6 05/02/2024 629,766 22,315 9,195 13,120 25.00/30
7 05/03/2024 620,572 22,315 9,386 12,929 25.00/30
8 05/04/2024 611,185 22,315 9,582 12,733 25.00/30
9 05/05/2024 601,604 22,315 9,781 12,533 25.00/30
10 05/06/2024 591,822 22,315 9,985 12,330 25.00/30
11 05/07/2024 581,837 22,315 10,193 12,122 25.00/30
12 05/08/2024 571,644 22,315 10,405 11,909 25.00/30
13 05/09/2024 561,239 22,315 10,622 11,692 25.00/30
14 05/10/2024 550,616 22,315 10,844 11,471 25.00/30
15 05/11/2024 539,773 22,315 11,069 11,245 25.00/30
16 05/12/2024 528,703 22,315 11,300 11,015 25.00/30
17 05/01/2025 517,403 22,315 11,536 10,779 25.00/30
18 05/02/2025 505,868 22,315 11,776 10,539 25.00/30
19 05/03/2025 494,092 22,315 12,021 10,294 25.00/30
20 05/04/2025 482,071 22,315 12,272 10,043 25.00/30
21 05/05/2025 469,799 22,315 12,527 9,787 25.00/30
22 05/06/2025 457,272 22,315 12,788 9,526 25.00/30
23 05/07/2025 444,483 22,315 13,055 9,260 25.00/30
24 05/08/2025 431,429 22,315 13,327 8,988 25.00/30
25 05/09/2025 418,102 22,315 13,604 8,710 25.00/30
26 05/10/2025 404,498 22,315 13,888 8,427 25.00/30
27 05/11/2025 390,610 22,315 14,177 8,138 25.00/30
28 05/12/2025 376,433 22,315 14,472 7,842 25.00/30
29 05/01/2026 361,961 22,315 14,774 7,541 25.00/30
30 05/02/2026 347,187 22,315 15,082 7,233 25.00/30
31 05/03/2026 332,105 22,315 15,396 6,919 25.00/30
32 05/04/2026 316,709 22,315 15,717 6,598 25.00/30
33 05/05/2026 300,993 22,315 16,044 6,271 25.00/30
34 05/06/2026 284,949 22,315 16,378 5,936 25.00/30
35 05/07/2026 268,570 22,315 16,720 5,595 25.00/30
36 05/08/2026 251,851 22,315 17,068 5,247 25.00/30
37 05/09/2026 234,783 22,315 17,423 4,891 25.00/30
38 05/10/2026 217,359 22,315 17,786 4,528 25.00/30
39 05/11/2026 199,573 22,315 18,157 4,158 25.00/30
40 05/12/2026 181,416 22,315 18,535 3,779 25.00/30
41 05/01/2027 162,881 22,315 18,921 3,393 25.00/30
42 05/02/2027 143,959 22,315 19,316 2,999 25.00/30
43 05/03/2027 124,644 22,315 19,718 2,597 25.00/30

TATA CAPITAL FINANCIAL SERVICES LIMITED

IP Address:42.106.236.118:5903 Date & Time: 26-07-2023 22:02:41

 Business Loan Term & Overdraft Agreement

44 05/04/2027 104,926 22,315 20,129 2,186 25.00/30

45 05/05/2027 84,797 22,315 20,548 1,767 25.00/30
46 05/06/2027 64,249 22,315 20,976 1,339 25.00/30
47 05/07/2027 43,273 22,315 21,413 902 25.00/30
48 05/08/2027 21,859 22,315 21,859 455 25.00/30
Total 1,071,108 673,000 398,108

TATA CAPITAL FINANCIAL SERVICES LIMITED

IP Address:42.106.236.118:5903 Date & Time: 26-07-2023 22:02:41

 Business Loan Term & Overdraft Agreement

Disclaimer:

 First EMI date depends on the date of disbursal. It may vary, in case the disbursal happens till 11th (for
3rd day EMI Date of next month) and 15th (for 5th day EMI date for Next month) for Term Loan and 8th
of the month (for BL Overdraft) then the First EMI date will be on the 3 of the next month, else the first
EMI date will be on the 4 of the next to next month.
 Net Disbursed Amount may change if there is a difference in agreement execution date and actual loan
disbursal date on account of change in Broken Period Interest or any changes opted post execution of
the agreement.
 26-07-2023 and may vary based
This Repayment Schedule and its figures and calculation are as on ____________
on the applicable date of disbursement.

TATA CAPITAL FINANCIAL SERVICES LIMITED

IP Address:42.106.236.118:5903 Date & Time: 26-07-2023 22:02:41