HHFL/Ver 1.

3/0122

Loan Agreement & Disbursal Kit

Branch: ..........................................................................................

Application ID : ..........................................................................................

Customer Name : ..........................................................................................

 HHFL/Ver 1.3/0122

Sign against the appropriate box

Please sign as per following symbols:

- For Borrower

- For Co-Borrower

- For Mortgagor (Property Owner/s)

 HHFL/Ver 1.3/0122

LOAN AGREEMENT & DISBURSAL KIT

LOAN No.

INDEX

Sr. Particulars Details To be executed Stamping Notary No. of Page

No. for (Rs.) signatures1 No.

1. Loan Agreement An agreement executed between HHFL All cases 200/- No 03 1-32
with schedule and the Borrower where the Borrower
has requested for the Facility from HHFL

2. Declaration Confirmation by the Borrower regarding Only for cases No No 01 33

for signing in the understanding the terms & where Borrower is
vernacular conditions where the Borrower is not not conversant with
language conversant with the English language English

3 Demand DPN executed by the Borrower in favour All Cases Re. 1/- No 01 34
Promissory Note of HHFL for the entire Facility Amount revenue
stamp for each
Borrower/Co-
Borrower

4 Letter of Continuity Confirmation by the Borrower regarding All Cases 50 No 01 35

for demand the validity of Demand Promissory Note
promissory note executed by the Borrower in favour
of HHFL until repayment of the entire
Facility is made.

5 Disbursal Request Borrower’s request for disbursement All Cases No No 01 36

Form

6. Cheque Form signed by the Borrower In case Cheques No No 02 37-38

Submission form mentioning the details of the cheques are submitted by
submitted with HHFL. the Borrower
 HHFL/Ver 1.3/0122

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 HHFL/Ver 1.3/0122

LOAN AGREEMENT

THIS LOAN AGREEMENT (hereinafter referred to as the “ Agreement”) is made at the place and on the date mentioned in Schedule A
(“Execution Date”) and takes effect as of the Effective Date (defined hereinafter).
BY AND BETWEEN
HERO HOUSING FINANCE LIMITED , incorporated under the Companies Act, 2013 and a housing finance company registered under
Section 29A of the National Housing Bank Act, 1987, having its Registered Office at 09, Community Centre, Basant Lok, Vasant Vihar,
New Delhi-110057 and for the purposes of this Agreement acting through one of its branch offices as mentioned in Schedule- A(hereinafter
called “HHFL” or “Lender” which expression shall, unless it be repugnant to the meaning or context thereof, mean and include its
successors in title and assigns) of the ONE PART;
AND
The person/s specified in Schedule A, (hereinafter referred to / collectively referred to as “the Borrower(s)” which expression shall, unless
it be repugnant to the meaning or context thereof, be deemed to mean and include: (i) in the event that the Borrower(s) is a Company
incorporated under the Companies Act, 1956 or Companies Act, 2013 or a Limited Liability Partnership, incorporated under the Limited Liability
Partnership Act, 2008, its successors; (ii) in the event the Borrower(s) is a partnership firm for the purposes of the Indian Partnership Act,
1932, the partner(s) for the time being and from time to time of the firm, the survivor(s) of them and their respective permitted assigns, legal
heirs, executors, administrators, legal representatives and successors; (iii) in the event that the Borrower(s) is a Proprietorship firm, the sole
proprietor and his/her legal heirs, executors, administrators, legal representatives; (iv) in the event that the Borrower(s) is an Individual, his/
her legal heirs, executors and administrators; (v) in the event that the Borrower(s) is a Hindu Undivided Family (HUF), the Karta and any or
each of the members of the HUF and their survivor(s) and his/her/their respective heirs, executors and administrators; (vi) in the event that the
Borrower(s) is a Society, the members of the Society for the time being and any new members co-opted from time to time; (vii) in the event that
the Borrower(s) is a Trust, the Trustees for the time being thereof and from time to time and their successors) of the OTHER PART;
HHFL and the Borrower(s) shall be hereinafter individually referred to as “Party” and collectively as “Parties”, as the context may require.
WHEREAS:
a) HHFL is a housing finance company duly registered under Section 29A of National Housing Bank Act, 1987 and is engaged in
the business of, inter alia, providing financial assistance and home Loan facility to its customers.
b) The Borrower(s) has approached HHFL and requested for financial assistance of the amount and purpose stated in Schedule A of
this Agreement and has/have offered to secure the repayment of the Facility by providing security as is acceptable to HHFL for the
aforesaid purpose.
c) The Borrower(s) has, in addition to undertake the repayment and other obligations as set out herein, also undertaken to secure the
Loan (as defined herein below) to be granted by HHFL by providing such additional security(ies) as may be stipulated by HHFL from
time to time.
d) Relying upon the representations made and information provided by the Borrower(s) and the security(ies) furnished/to be furnished
by him/her/it/them, HHFL has agreed to grant the Loan subject to terms and conditions contained in this Agreement and the Interest
which is acceptable and binding on the Parties to this Agreement. The Loan shall be disbursed in the manner stated hereinafter.
e) The Parties hereto are desirous of recording the terms and conditions in relation to the Loan to be made by HHFL to the Borrower(s)
and certain other matters related thereto in the manner hereinafter contained or through electronic mode by using link and/or OTP
verification, which is duly received and accepted vide registered email ID and/or the mobile number of the Borrower(s).

NOW, THEREFORE, THIS AGREEMENT WITNESSETH AND MUTUALLY AGREED, DECLARED AND CONFIRMED BETWEEN THE
PARTIES HERETO AS FOLLOWS:

1. DEFINITIONS AND INTERPRETATIONS

1.1 In this Agreement, unless there is anything repugnant to the subject or context thereof, the expressions listed below shall have the
following meanings viz:
a. “ACH” means Automated Clearing House/system/arrangement operated by National Payments Corporation of India (NPCI) for
processing electronic payments.
b. “Agreement” means this agreement includes schedules, annexures, exhibits and any amendment made thereto from time to time
by the Parties hereto in writing.
c. “Application” means the application made by the Borrower(s) in the form specified by HHFL for the Loan and where the context
so requires, all other information submitted by the Borrower(s) to HHFL with a view to avail the Loan.
d. “Availability Period” means the availability period as mentioned in Schedule I, subject to any extension agreed to by HFCL in
writing from time to time.
e. “Borrower(s)” means the Person/ entity named as such in Schedule A attached hereto and includes Co-Borrower(s).
f. “Borrower(s)’s Dues/Dues” shall mean all amounts payable to HHFL by the Borrower(s) pursuant to the terms of the Transaction
Documents including, without limitation:
i. The principal amount of the Facility, Interest and all other obligations and liabilities of the Borrower(s), including any further
interest, delayed interest, liquidated damages, Penal Interest, indemnities, unpaid amounts of Subsidies as a result of
revocation of subsidy under a Govt. scheme, expenses, fees (including upfront fees) commissions, charges, taxes, incurred
under, arising out of or in connection with any Transaction Documents;
ii. ii. Any and all sums incurred by the Lender in order to preserve the Security Interest over the Security created/to be created
for the purpose of the Loan pursuant to the Transaction Documents;

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iii. Any and all sums reimbursable under any of the Transaction Documents including, without limitation, all such costs and
expenses, including, without limitation, Taxes on such costs and expenses, which may be incurred and/or suffered and/or paid
by any of HHFL in accordance with the terms of the Transaction Documents; and
iv. In the event of any enforcement actions undertaken after an Event of Default shall have occurred, all costs, charges and
expenses incurred by HHFL in that regard including, without limitation, the costs and expenses incurred for taking possession,
repossession, retaking, holding, expenses incurred for sale or lease, selling or otherwise disposing of or realizing the Security
Interest created /to be created pursuant to the Transaction Documents, or of any exercise by HHFL of its rights under the
Transaction Documents, including without limitation, all costs, charges, expenses incurred towards anticipated or actual legal
proceedings (including, without limitation, attorney fees and court fees).
g. “Business Day” means a day on which banks are open for general banking business in the places as mentioned in Schedule-A
and excludes a Sunday or a public holiday. When the day on which a transaction is to be undertaken, including a Due Date, is not
a Business Day, the transaction shall be deemed to be scheduled on the next Business Day.
h. “Clearances” shall mean any permit, permission, license, approval, authorization, consent, clearance, waiver, no objection
certificate or other authorization of whatever nature and by whatever name called which is required to be granted by any authority
including but not limited to any government authority, any bank, RBI, NHB, or any other authority under any applicable law.
i. “Co-Borrower(s)” means the Person/entity named as such in the Schedule A attached hereto.
j. “Construction” means and includes any modification, extension, renovation, repair improvement, new construction, re-
construction, or any other activity of a like nature, of and/or in a house, flat, apartment, building or property.
k. “Control” shall have the meaning assigned to such terms in Companies Act, 2013.
l. “CIC” or “Credit Bureau” means a Credit Information Company registered with the Reserve Bank of India for collection, analysis
and dissemination of credit and loan related information.
m. “Credit Information” means all information, documents, representations, particulars and clarifications furnished by the Borrower(s)
and/or the Guarantor to HHFL in any form, from time to time, and shall include the information contained in the Application.
n. “Disbursement Date” shall mean the date/s arrived at in accordance with Article 2.
o. “DRT Act” shall mean The Recovery of Debt Due to Bank And Financial Institutions Act, 1993 and the rules and regulations
framed thereunder, from time to time.
p. “Dual Rate of Interest” when applicable to the Loan, shall mean the interest rate which is to be computed at the fixed percentage
rate per annum specified in Schedule A hereto for the period specified in Schedule A hereto and then to be computed at the
aggregate of the Hero Reference Rate and the spread specified by HHFL from time to time, for the balance tenor of the Loan.
q. “Due Date” means, the date on which a Monthly Instalment / PEMI (if applicable) and/or any other amount and/or Dues payable
under this Agreement, as the case may be, is due and payable in accordance with the terms of this Agreement.
r. “Effective Date” means the date on which the first disbursement is availed by the Borrower(s) out of the Loan.
s. “Equated Monthly Instalments”/ “EMI” means when Monthly Instalments are to be paid in a manner that the amount of payment
is equal throughout the Tenure of the Loan.
t. “Financial Swapping” or “Balance Transfer” when applicable to the Loan, means transfer of one or more loans taken by the
Borrower(s) from other banks/institution/lender for any purpose, to HHFL by availing Loan from HHFL.
u. “Fixed Rate of Interest” when applicable to a Loan means the fixed rate of interest payable on the Loan as more particularly set
out in Schedule A hereto and on terms and conditions as contained therein.
v. “Floating Rate of Interest” in this Agreement or other Transaction Documents, when applicable to the Loan, means the
percentage Rate of Interest per annum applicable on the Loan calculated by aggregating as Hero Reference Rate and the spread
specified by the Lender, from time to time, and shall be paid by the Borrower(s) to the Lender. The current Floating Rate of Interest
is mentioned in the Schedule – A of this Agreement which may be revised by the Lender at its discretion from time to time. It shall
be applied to the Loan on the terms and conditions as defined more particularly under the paragraph 2.2 below.
w. “Guarantee” means the irrevocable and unconditional personal guarantee (if any) in favour of HHFL issued or to be issued by the
Guarantor in a form and manner satisfactory to HHFL to secure the obligations of the Borrower(s) under this Agreement.
x. “Guarantor” means the person/s named in Schedule A of this Agreement who has/have given the Guarantee and where such
person/s is/are individual/s, it shall include his/her, its, theirs heirs, executors, administrators and legal representatives and where
such person/s is/are a partnership firm, it shall include the partners for the time being, the survivor or survivors of them, and their
respective heirs, executors, administrators, assigns and legal representatives, and where such person is/are corporate/s, it would
include its successors and assigns and where the Guarantor is a Joint Hindu Family, it would include the members or member
for the time being of the said Joint Hindu Family and their respective heirs, executors, administrators, legal representatives
successors and permitted assigns. The Guarantor shall always be a person/s acceptable to HHFL as the Guarantor.
y. “Hero Reference Rate” or“HRR” shall mean the percentage rate per annum decided by HHFL at its discretion from time to
time and announced/ notified by HHFL as its HRR in the loan documents or the interest rate in this Agreement, Sanction Letter
or announced/ notified by HHFL from time to time as its HRR either on the its website or through other mode of communication
to the Borrower(s).
z. “IBC” shall mean the Insolvency and Bankruptcy Code, 2016 and the rules and regulations framed thereunder, from time to time.
aa. “Indebtedness of the Borrower(s)” means any indebtedness of the Borrower(s) to HHFL at any time for and in respect of monies
borrowed, contracted or raised (whether or not for cash consideration) or liabilities contracted by whatever means (including under
guarantees, indemnities, acceptance, bond, credits, deposits, hire purchase and leasing by the Borrower(s) or by a person or
entity related to or connected with the Borrower(s)); and shall also include any indebtedness of any associate or affiliate of the
Borrower(s) or any entity related to or connected with the Borrower(s), towards HHFL or any associates or affiliates of HHFL.

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ab. “Indemnified Party” shall have the meaning assigned to such terms in Article 8 below.
ac. “Lender” means the Person /entity named as such in the Schedule-A and who has financed the Loan in terms of this Agreement.
ad. “Loan Application Form”/ “Application Form” means as the context may permit or require, the credit facility application
form submitted by the Borrower(s) to HHFL for applying for and availing of the Loan, together with the preliminary credit facility
application form and all other information, particulars, clarifications and declarations, if any, furnished by the Borrower(s)/s or any
other person from time to time in connection with the Loan.
ae. “Loan” / “Loan Facility” / “Facility” means the amount of the financial assistance provided by HHFL to the Borrower under this
Agreement as more particularly mentioned in Schedule A hereto and repayable in accordance with the terms hereof.
af. “Material Adverse Effect” shall mean a material adverse effect on or a material adverse change (in the judgment of HHFL ) in
(a) the business, operations, property, assets, condition (financial or otherwise) or prospects of the Borrower(s) or the Guarantor,
including any dispute concerning the Property; (b) the ability of the Borrower(s) or the Guarantor to enter into and to perform its
obligations under this Agreement or the Transaction Documents or any other related document to which the Borrower(s) and/or
the Guarantor is or will be a party; or (c) the validity or enforceability of the Agreement or any other related document or the rights
or remedies of HHFL thereunder; or (d) the international capital or loan market; or (e) the political, financial or economic condition
of Republic of India; and shall also mean and include any event whether domestic or international, which in the opinion of HHFL
could adversely affect the Loan; or (f) the legality, validity, binding nature or enforceability of any of the Transaction Documents
(including the ability of any party to enforce any of its remedies there under) or the Security created thereunder and shall include
events and circumstances wherein the Security is jeopardy.
ag. “Maximum Tenure” shall mean the period determined from time to time in accordance with the policy of HHFL which is the
maximum tenure offered by HHFL to a Borrower(s) for the repayment of the Dues.
ah. “Monthly Instalment” shall mean the instalments payable by the Borrower(s) on a monthly basis on the Due Date in respect of
the Facility comprising of Principal and Interest (rounded off to the next rupee) as set out in the Schedule- A to amortize the Loan,
of such amount as may be determined by HHFL from time to time under this Agreement and comprises of both principal amount
of the Loan and Interest thereon. Such Monthly Instalments may either be equated or otherwise.
ai. “Obligors” shall mean, collectively, the Borrower(s) and/or Security Provider.
aj. “NHB” means the National Housing Bank.
ak. “Person” shall include individual, partnership firm, limited liability partnership, company, association of persons, proprietary
concern and co-operative society as mentioned and stipulated as per the relevant provisions of Income Tax Act, 1961.
al. “PEMI” means the Pre-Monthly Instalment Interest charged by HHFL, at the rate stated Schedule A for the period from the
Disbursement Request Date of the Loan to the date immediately prior to the commencement of Monthly Instalment.
am.“Penal Interest” means the interest chargeable by HHFL on overdue amounts at the rate specified in Schedule A, upon the
happening/occurrence of any of the events/circumstances under Article 2.9(b) of this Agreement.
an. “Privacy Policy” shall mean the privacy or confidentiality policy of HHFL uploaded on its website at www.herohousingfinance.com
from time to time.
ao. “Property” means residential/commercial immovable property more particularly described in Schedule A hereto, which is owned/
jointly owned by the Borrower(s) or Security Provider or sought to be purchased by the Borrower(s) that is being financed by HHFL
in terms of this Agreement and shall also include any immovable property on the security of which HHFL has agreed to advance
the Loan.
ap. Without prejudice to the generality of the above “Property” shall also include:
i. In the case of a flat, the entire super area, including the built-up area (and any addition thereto), the proportionate share in
the common areas of the building in which such flat is/will be situated and the proportionate undivided share in the land on
which the said building is situated or is being/will be built, including any open/ covered garage spaces specifically allotted to
such flat; and/or
ii. In the case of an individual house, the house and entire plot of land on which the house is situated or on which the house will
be built up including all easement rights and the roof rights; and/or
iii. In case of an individual structure, the structure and entire plot of land on which the structure is situated or is being built/ will
be built; and/or
iv. In the case of a plot of land, the land without cancellation/termination/exchange of any easement right attached with it; and/or
v. All furniture and fixtures contained in the Property, (if any); and/or
vi. Any other immovable property as described in Schedule A including the entire built-up area, proportionate land and all other
rights attached to such property .
aq. “Purpose” meansthe purpose for which the Loan is availed by the Borrower(s) more specifically mentioned in Schedule A
attached hereto.
ar. “Rate of Interest” means the rate at which interest will be charged on the Loan which is subject to review by HHFL from time to
time from the date of first disbursement. It includes Fixed Rate of Interest, Floating Rate of Interest or Dual Rate of Interest, as
may be applicable to the Loan under this Agreement.
as. “RBI” means Reserve Bank of India.
at. “Repayment” means the repayment of the Borrower ’s Dues, including the principal amount of the Loan, Interest thereon,
commitment and other charges, premium, fees or other dues payable under this Agreement/Schedule to HHFL.
au. “Sanctioned Amount” means the amount made available by HHFL for disbursal to the Borrower(s) as Loan.
av. “Sanction Letter” means the letter, if any, issued by HHFL sanctioning the Loan with the relevant particulars as mentioned in the
letter including any such letter issued subsequently with any modification.
aw. “SARFAESI Act” shall mean Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act,
2002 and the rules and regulations framed thereunder , from time to time.

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 HHFL/Ver 1.3/0122

ax. “Schedule” means and includes the Schedule(s) attached hereto and forming an integral part of the Agreement.
ay. “Security” shall mean any mortgage, pledge, lien, charge, assignment, hypothecation or security interest as may be created
or agreed to be created by the Borrower(s) in favour of HHFL to secure the obligations of the Borrower(s), specifically including
repayment of Borrower’s Dues under this Agreement.
az. “Security Documents” shall mean any documents, undertakings, agreements, deeds, notice, declarations, undertakings,
indemnities, affidavits, writings, Clearances, certificates, no-objections, letters, filings, forms, physical or electronic, for, towards or
in relation to creation, perfection, filing, registering, etc., of Security Interest and/or issue of Guarantee, as part of the Security and
whether executed by the Borrower(s), Security Providers, HHFL or any third party, as per the requirement of HHFL and as may be
amended, confirmed or restated from time to time, as per the requirement of HHFL.
ba. “Security Interest” shall mean any mortgage, pledge, lien, charge, assignment, hypothecation, escrow or other security interest
securing any obligation of any Person or any other agreement or arrangement having the effect of conferring a security interest.
bb. “Security Provider” shall mean any Person whose property or assets/any part thereof are/shall be charged and/or who creates/
is required to create any Security Interest in favour of HHFL, to secure Borrower(s)’s Dues or any part thereof and/or who issues/
is required to issue a Guarantee, Guaranteeing to the Lender the performance and discharge of the Borrower(s)’s Dues.
bc. “Standing Instructions” / “SI” / ”Direct Debit” shall mean written instructions given by the Borrower(s) to HHFL to debit the
account of the Borrower(s) maintained in a bank acceptable/approved by HHFL for the amount of the Monthly Instalment, more
particularly set out in the Schedule-A attached hereto.
bd. “Taxes” or “Tax” shall include any and all present or future, direct or indirect, claims for tax, levy, impost, duty, cess, statutory
dues or other charge of a similar nature (including any penalty or interest payable in connection with any failure to pay or any
delay in paying any of the same) including on gross receipts, sales, turn-over, value addition, use, consumption, property, service,
income, franchise, capital, occupation, license, excise, documents (such as stamp duties), customs, goods and services, other
taxes, duties, assessments, fees or obligations, including for any past liabilities and obligations, however imposed, withheld,
levied, or assessed by any government authority, but shall not include Tax on the income of any Party.
be. “Transaction Documents” shall mean collectively this Agreement, the Security Documents and any incidental documents,
application letter, application form, general terms and conditions, sanction letter, other agreements, declarations, undertakings,
indemnities, affidavits, deeds, writings, filings, Clearances, certificates, no-objections, letters, forms or documents executed/to be
executed in relation to or pursuant to the Facility, the Agreement, or the Security Documents, as per the requirements of HHFL
and as may be amended, confirmed or restated from time to time, as per the requirement of HHFL.
bf. “This Agreement” or “the Agreement” means this loan agreement executed by and between HHFL and the Borrower(s),
including all the schedules and annexures hereto and any amendment or modification thereof that may be executed by and
between HHFL and the Borrower(s) herein from time to time. It shall also include the Application submitted by the Borrower(s) to
HHFL for grant of the Loan and the Sanction Letter issued by HHFL to the Borrower(s) sanctioning the Loan.

1.2 In this Agreement, unless the context otherwise requires:

a. words denoting the singular number shall include the plural and vice versa and reference to any gender includes a reference to
all other genders;
b. recitals shall form an integral part of this Agreement and shall be binding on the Parties to this Agreement and in the event of any
conflict in interpretation between the contents of the recitals (and the main body of the Agreement (excluding the recitals), the
contents of the main body of the Agreement shall prevail;
c. in the event of any ambiguity between the terms and conditions of Sanction Letter and Loan Agreement, the terms of Loan
Agreement shall prevail;
d. references to statutory provisions shall be construed as meaning and including references also to any amendment or re-enactment
(whether before or after the date of this Agreement) for the time being in force and to all statutory instruments or orders made
pursuant to statutory provisions;
e. references to Schedules, and Exhibits are the references to the corresponding schedules, and exhibits to this Agreement;
f. the headings are for reference only and their meaning shall be avoided to interpret the terms of this Agreement; and
g. in the interpretation of this Agreement, no rule of construction applies to the disadvantage of HHFL on the basis that HHFL put
forward or drafted (or procured the drafting of) this Agreement or any provision in it.

1.3 If there is more than one Borrower(s) mentioned in Schedule A hereunder written, wherever the context so requires, the word
“Borrower(s)” shall be construed as “Borrower(s)” and the grammar and construction of every concerned sentence shall be
deemed to be appropriately amended so as to indicate more than one Borrower(s). 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/s;

1.4 The terms and expressions not herein defined shall where the interpretation and meaning have been assigned to them in terms of the
General Clauses Act, 1897, have that interpretation and meaning.

2. LOAN AMOUNT, INTEREST ETC.

2.1 Loan
a. Pursuant to the Sanction Letter and subject to the terms and conditions set forth in the Transaction Documents and subject to
the fulfilment of the relevant conditions precedent by the Borrower(s), HHFL hereby agrees to provide to the Borrower(s) and the
Borrower(s) hereby agrees to avail, from HHFL, the Sanctioned Amount mentioned in the Schedule-A attached hereto as Loan.

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b. Once the Application form submitted by the Borrower(s) is accepted by the Lender, if the Borrower(s) does not want to seek
disbursement of the Loan, the Borrower(s) shall be liable for payment to Lender of such cancellation or foreclosure charges as
may be stipulated by HHFL.
2.2 Security Documents
a. That the Borrower(s) have, in consideration of the aforesaid Loan Facility availed by them, in addition to this Agreement, executed
or agreed or arranged to execute the Security documents in favour of HHFL, to secure the repayment of the amount due to HHFL
by the Borrower(s) under the Loan Facility, together with interest and other charges accruing thereon and the costs and expenses
incurred by HHFL from time to time till the adjustment thereof;
b. The Borrower(s) further agrees to execute, on HHFL’s demand, any fresh or further documents as advised or prescribed by HHFL
at any time during the currency of the Loan Facility and/or this Agreement.
2.3 Interest
a. The Loan shall carry Rate of Interest as specified in Schedule A. The Rate of Interest shall commence from the Effective Date. If
mutually agreed between HHFL and the Borrower(s), the Borrower(s) may choose either Fixed Rate of Interest, Floating Rate of
Interest or Dual Rate of Interest. Such choice of the Borrower(s) shall be specifically indicated by the Borrower(s) by ticking the
correct option under Schedule A hereunder written and the terms applicable to such Rate of Interest, in addition to the general
terms as stated in this Agreement shall be applicable to the Borrower(s).
b. The Borrower(s) shall also be liable to pay the PEMI, if applicable.
c. The Borrower(s) hereby agrees and confirms that in order to work out suitable Monthly Instalment to be paid by the Borrower(s)
towards repayment of the Loan and payment of Interest, HHFL has adopted a reasonable and proper basis and the Borrower(s)
agrees to pay Monthly Instalment calculated as aforesaid. Amounts Due and any other charges payable by the Borrower(s) shall
be computed on a monthly basis. HHFL may at their sole discretion stipulate the periodicity or rest for the computation of Interest.
d. In the event HHFL reduces or increases the Rate of Interest prior to the disbursement of the full Loan amount, the applicable Rate
of Interest shall be varied on a weighted average basis with reference to the tranches disbursed / to be disbursed. HHFL shall be
entitled to revise the Rate of Interest at any time and from time to time as per its policy, market conditions and/or applicable laws
and regulations, if any, during the tenor of the Loan at its sole discretion. Such variation/revision in respect of the Rate of Interest
shall have a prospective effect. HHFL shall inform the Borrower(s) about the variation in the Rate of Interest in due course.
e. In the event the Parties agree that the Borrower(s) shall be entitled to the Dual Rate of Interest offered by HHFL, in addition
to the general terms stated in this Agreement, the Loan shall be at Fixed Rate of Interest as mentioned in Schedule A for the
Period mentioned therein. However, upon expiry of the Period, the Loan shall attract Floating Rate of Interest based on the Hero
Reference Rate, in force at such time, plus/ minus the spread as mentioned in the Schedule A.
f. In the event the Borrower(s) opts for Fixed Rate of Interest for the entire term of the Loan, the Rate of Interest applicable to the
Loan shall remain fixed at the Rate of Interest mentioned in the Schedule A, subject to other terms and conditions mentioned in
this Agreement including clause 2.3(g) below.
g. Notwithstanding the above, in the event of any extraordinary or unforeseen changes in the financial/ money market conditions, or
in case of extraordinary circumstances including but not limited to pandemic, war, drought, cyclone, earthquake etc. HHFL shall,
in its sole and absolute discretion, be entitled to revise/ change the said Fixed Rate of Interest with intimation to the Borrower(s).
HHFL shall be the sole judge to determine whether conditions justifying such revision/ change exist or not. In case of any specific
instruction by the Government or any regulatory authorities, HHFL shall revise/ change the interest rate, if required, in order to
implement the instruction.
h. In the event the Parties agree that the Borrower(s) shall be entitled to the Floating Rate of Interest offered by HHFL, the Rate of
interest applicable to the Loan and the terms applicable to such Floating Rate of Interest, in addition to the general terms stated
in this Agreement, are as stated in Schedule A.
i. The Borrower(s) hereby agrees and confirms that in order to work out suitable Monthly Instalment to be paid by the Borrower(s)
towards repayment of Borrower’s Dues, HHFL has adopted a reasonable and proper basis and the Borrower(s) agrees to pay
Monthly Instalment calculated in accordance with the terms and conditions contained herein.
j. The Borrower(s) agrees that no intimation shall be given by HHFL as to enhancement or reduction in the number of Monthly
Instalments required to be paid by the Borrower(s) upon any revision in the rate of interest.
k. Any default or delay by the Borrower(s) in payment of the Dues or a breach of any of the other terms and conditions contained
herein, would result in Penal Interest being charged to the Borrower(s) over and above the applicable Rate of Interest at the rate
mentioned in Schedule A hereunder written on the entire Dues (which are due and not paid), leviable from the relevant due date
on which the default has occurred till the date of actual payment/ rectification of default. The same shall be without prejudice to
HHFL’s other rights and remedies under any law or otherwise. Also it is hereby clarified that the obligation to pay the Penal Interest
shall not be suspended until resolution of any difference or dispute between the Parties.
l. The Borrower(s) hereby acknowledges, agrees and consents that HHFL, at any time, during the Term, may vary/ reschedule/
enhance the rate of interest depending upon the ‘Credit Performance of the Borrower(s)’ or on the happening of a ‘Market
Disruption Event’ and the same shall be intimated to the Borrower(s). The term ‘Credit Performance of the Borrower(s)’ for the
purposes of this clause shall mean and include, but not limited to any non-payment of Loan or any other facility obtained by the
Borrower, non-payment of Interest, non-payment of PEMI/ Monthly Instalments in time or non-compliance with any of the terms of
this Agreement. The term ‘Market Disruption Event’ for the purposes of this clause shall mean and include, but not limited to, any
event which affects the costs of funds to HHFL, including an event having a Material Adverse Effect.
m. The Lender hereby confirms that any revision in rate of interest or fee or charges by the Lender shall be notified through any
acceptable modes of communication, including:
i. A Letter or email at the address registered by the Borrower(s);

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ii. SMS or any other electronic/ telephonic message on the telephone/ mobile number registered by the Borrower(s);
iii. Notices at our branches; or
iv. HHFL’s Website.
The Borrower(s) agrees that the Borrower(s) shall have no objection to any such revision in Rate of Interest. The revised Interest
Rate shall apply prospectively only.
n. In the event of any revision in the applicable Rate of Interest, for a Loan on Floating Rate of Interest or Dual Rate of Interest,
the Borrower(s) shall thereafter be required to pay Interest on the Loan at such a new applicable rate. The Lender will apply the
applicable rate on first day of the subsequent month following the month in which Hero Reference Rate is changed, subject to the
following terms and conditions:
i. Without prejudice to the general right available to HHFL to amend the Repayment Schedule from time to time, the Lender may,
consequent to any increase in the Floating Rate of Interest, be entitled in its sole discretion to increase the Monthly Instalment
amount suitably, upon payment of processing charges as leviable by HHFL, from time to time, including without limitation in
the following cases:
a. the amount of Monthly Instalment is not adequate to cover interest payments in full, or
b. (in case that the Borrower(s) is an individual) the revision in the Rate of Interest results in extension of tenure of the Loan
beyond the earlier of (i) the retirement age of the Borrower(s); OR (ii) the Borrower(s) turning 65 (sixty-five) years old.
ii. In the event of any increase in the Floating Interest Rate, and consequential increase in the Monthly Instalments/ PEMIs,
the Borrower(s) shall be required to pay such increased Monthly Instalments/ PEMI amount and/or the resultant differential
amount as determined by the HHFL in its sole discretion and intimated to the Borrower(s).
iii. The Borrower(s) shall adhere to the procedure which the Lender in its sole discretion may prescribe, and to do all such acts,
deeds or things as the Lender may require in order to make payment of such increased Monthly Instalments amount or
collection of the differential amount.
iv. Consequent to any downward revision in the Floating Interest Rate, the HHFL may, in its sole discretion, provide an option to
the Borrower(s) to reduce the Monthly Instalment amount and in such event, the Borrower(s) shall, if the option is so desired
to be exercised, adhere to the procedure prescribed by the Lender in its sole discretion and to do all such acts or deeds as
the Lender may require in order to give effect to such reduced EMI amount from the date that is prescribed to be the date of
revision by HHFL.
v. In the event of the Borrower(s) being desirous of shifting from a particular type of Rate of Interest agreed to by the Borrower(s)
and HHFL earlier to another type of interest rate or a combination of the other types of interest rates, the Borrower(s) may do
so if permitted by HHFL at such time and on execution of such supplemental documents as may be required by HHFL and
further on payment of conversion charges as mentioned in Schedule A, of the outstanding Dues, which conversion charges
may be revised by HHFL from time to time.
vi. The Borrower(s) will repay the Loan as stipulated herein, subject to any other changes in the amortization schedule as
communicated by the Lender in writing to the Borrower(s).
o. HHFL may revise the Hero Reference Rate from time to time in such manner as the HHFL may deem fit in its sole discretion as
per its internal policies.
p. All Rate of Interest on amounts outstanding under the Loan shall accrue monthly and be calculated based on the actual number
of days elapsed and a year of three hundred and sixty-five (365) days and shall be paid on the Due Date.
q. Rate of Interest on the Loan shall begin to accrue simultaneously with the Lender’s disbursement of the Loan by issuing
disbursement payment order/demand draft or otherwise without the Lender concerning itself with the receipt of such disbursement
by the beneficiary/recipient and also with the realisation of such payment order /demand draft or the time taken in such realisation.
r. Rate of Interest from the date of Disbursement till the commencement of the EMI shall be payable every month as per the PEMI
mentioned in the Schedule- A or Sanction Letter or as calculated by HHFL.
s. The changes in Rate of Interest and charges will be affected prospectively.
t. The Borrower(s) agrees, undertakes and covenants with HHFL to reimburse or pay to HHFL such amount as may have been
paid or be payable by HHFL to any Government Authority on account of any Tax or Other Charges levied on Interest paid by the
Borrower(s) (including any Interest on any PEMII/EMI on the Loan) by any Government Authority. Borrower(s) shall make the
reimbursement or payment as and when called upon to do so by HHFL or by such Government Authority.
2.4 Details of Disbursement / Purpose of Loan
a. HHFL shall disburse the Loan in one lump-sum or in tranches, as may be decided by HHFL, subject to the fulfilment of conditions
precedent as set out in Article 4. The aforesaid decision of HHFL in this regard shall be final, conclusive and binding on the
Borrower(s).
b. The Borrower(s) shall acknowledge the receipt, in the form required by the Lender, of each amount so disbursed.
c. The Loan shall be used exclusively for the purposes mentioned in Schedule-A hereto and for no other purpose.
d. The request submitted by the Borrower(s) to HHFL seeking disbursement of whole or part of the Facility (“Disbursement Request
Form”) shall be irrevocable and shall commit the Borrower(s) to borrow in accordance with the Disbursement Request Form.
e. Where the purpose of this Loan is Financial Swapping or Balance Transfer, HHFL may make disbursement to the original bank/
institution/lender in any manner, in as many stages, at any place as may be determined by HHFL and the same shall be deemed
to be a disbursement to the Borrower(s).
f. Disbursement of the Loan shall be deemed to have been made to the Borrower(s) on the date on which the Borrower(s) requests
such Disbursement to be made or the date on which the Borrower(s) requires the cheque to be drawn or on the date of actual

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disbursement, whichever is earlier. The date on which disbursement is deemed to have been made as aforesaid shall be referred
to as the “Disbursement Date”.
g. The Borrower(s) hereby acknowledges, agrees and accepts that pursuant to arrangements that HHFL may have with builders or
developers, the actual date of disbursement by HHFL to the builders or developers may be different and/ or HHFL may receive
some additional benefits from such builders in addition to interest under this Agreement pursuant to such arrangements. However,
notwithstanding the above, the Borrower(s) does hereby confirm that the Disbursement Date shall be deemed to be the date from
which the interest on the Loan will begin to accrue in favour of HHFL and the amounts so requested to be disbursed shall become
outstanding due and payable by the Borrower(s) to HHFL.
h. Where the Borrower(s) and HHFL shall have agreed for the Dual Rate of Interest, any disbursement made shall be treated
proportionately into two components of the Loan (one attracting a Fixed Rate of Interest and the other an Floating Rate of Interest).
The proportion in which such division would be made would be the proportion of division of the Loan between Fixed Rate of
Interest Loan and Floating Rate of Interest Loan.
2.5 Modes of Disbursement
a. HHFL may, subject to the fulfilment of the conditions precedent set out in Article 4 of this Agreement and subject to the Borrower(s)
making a disbursement request to HHFL in the form and manner prescribed by HHFL, disburse the Loan, directly to the builder or
to the developer or to the society or to the vendor or in favour of any third party or person as may be directed by the Borrower(s)
(and has been so approved by HHFL) in the form specified by HHFL or to the Borrower(s) himself at the sole discretion of HHFL.
The same shall be deemed to be a disbursement to the Borrower(s).
b. Unless the Borrower(s) makes a specific request to HHFL to stop disbursement by writing a letter informing HHFL of its intention
to do so at least 7 (seven) days prior to any scheduled Disbursement Date, any Disbursement made by HHFL shall be considered
to be validly done pursuant to a Disbursement request duly made by the Borrower(s). In the event that the disbursement is in
accordance with this Clause, the Borrower(s) agrees and acknowledges that the Borrower(s) shall defend, indemnify and keep
HHFL indemnified against all actions, suits, proceedings and all costs, charges, expenses, losses or damages which may be
incurred or suffered by HHFLby reason of any disbursement request or counter instruction given by the Borrower(s).
c. HHFL shall have the right to adjust PEMI or any other dues against the undisbursed amount of the Loan.
d. Disbursement shall be deemed to have been made to the Borrower(s) on the Disbursement Date by way of cheque or pay order
or through electronic transfer as the case may be or on the date of setting up of the account.
e. The disbursal for the acquisition of the Property will be made after the Borrower(s)’s own contribution has been made for the
same to the builder/developer/seller, and such proof is furnished to HHFL, as may be necessary or desired by HHFL. The
disbursal towards construction/improvement of Property shall be made only after the Borrower(s) commences the construction/
improvement work on the Property and such proof is furnished to HHFL by the Borrower(s), as may be necessary or desired by
the HHFL. The disbursal shall be in stages as per the progress of the work as prescribed in terms of the internal guidelines/policy
of HHFL (including guidelines on obtaining relevant documentary evidence), as applicable from time to time. The decision of HHFL
in this regard shall be final, conclusive and binding on the Borrower(s). The Borrower(s) shall acknowledge the receipt, in the form
required by HHFL, of each amount so disbursed. In all cases, disbursal shall be subject to creation of charge on the Property in
favour of HHFL to the satisfaction of HHFL.
2.6 Alteration in Loan Tenure, PEMI (if applicable), Monthly Instalment, etc.
a. If the entire amount of the Loan, subject to Clause 2.4(a) above, is not drawn by the Borrower(s) within the Availability Period or if
the Borrower(s) has committed any Event of Default as described in this Agreement prior to the full disbursement of the Loan or if
the Borrower(s) has/have requested to HHFL in writing to reduce the sanctioned amount up to the amount disbursed by HHFL till
the date of such request, then without prejudice to the rights and remedies of HHFL under this Agreement or otherwise in equity
or in law, the aggregate amounts disbursed to the Borrower(s) up to such date shall, at the discretion of HHFL, without any prior
intimation to the Borrower(s), be deemed to be the Loan amount and HHFL shall not be required to advance any further amounts
and the Monthly Instalment shall commence forthwith. In such a case irrespective of the Loan amount as mentioned in Schedule
A the amounts advanced so far shall be deemed to be the Loan for the purpose of this Agreement.
b. In any of the above events, no part of the processing fees or administrative fees shall be refunded or adjusted towards any amount
or other charges or fees in future payable by the Borrower(s) to HHFL.
c. Notwithstanding anything herein contained, HHFL shall have the right, at any time or from time to time, to review and reschedule
the PEMI (if applicable), Monthly Instalments, tenure or the Loan amount, with or without any application in this regard having
been made by the Borrower(s), in such manner and to such extent as HHFL may in its sole discretion decide on account of
changes necessitated because of any part payment made by the Borrower(s) or changes in percentage of interest payable under
the agreed method of computation of interest or conversion by the Borrower(s) from one type of interest rate to the other type(s).
Provided that, if as a result of such review/ rescheduling, the original tenure of the Loan is required to be extended, the same
shall be done only to the extent of the unutilized portion of the Maximum Tenure and to the extent permitted under applicable law.
In such event/s the Borrower(s) shall repay the Loan or the outstanding amount thereof as per the revised Schedules as may be
determined by HHFL in its sole discretion and intimated to the Borrower(s) in writing. Such alteration or rescheduling may involve
variation in:
i. the date for payment of PEMI (if applicable), Monthly Instalments; or
ii. the amount of interest, principal or Monthly Instalments; or
iii. the Monthly Instalment which is not adequate to cover interest payments in full; or
iv. the Monthly Instalment which results in the term of the Loan exceeding the retirement age of the Borrower(s)as applicable; or
v. for any other reason as a result of which Monthly Instalment attracts change.

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d. the Borrower(s) agrees and undertakes to forthwith issue fresh standing instruction, fresh ACH mandates, fresh electronic transfer,
as the case may be. The Borrower(s) hereby agrees that in the event the PEMI (if applicable)/ Monthly Instalment is reviewed/
rescheduled by HHFL as aforesaid, the Borrower(s) shall be liable to pay rescheduling charges to HHFL at such rates as HHFL
may stipulate.
e. All charges paid/ payable by the Borrower(s) to HHFL are non-refundable and the Borrower(s) hereby undertakes not to claim
refund of any charges paid by it from HHFL under any circumstances whatsoever.
2.7 Payment by Monthly Instalments
Where the Loan is disbursed by a single disbursement, the Loan shall be repaid in accordance with the agreed Monthly Instalment
Schedule. Where the Loan is disbursed in more than one instalment, the Borrower(s) may by mutual agreement with HHFL, choose
one of the following three options. Such agreement shall be specifically indicated by ticking the correct option under Schedule A
hereunder written. The Borrower(s) confirms having understood each of the three options mentioned below and confirms having
indicated his agreement after evaluating each of the options.
a. Option 1 – PEMI
Under this Option 1, the Monthly Installments shall commence only after the entire Loan has been disbursed by HHFL to the
Borrower(s). Before such date, HHFL shall only charge pre-Monthly Installment Interest from the Borrower(s) in the manner
provided in this Agreement. The repayment schedule as agreed by the Parties at the time of execution of this Agreement is
annexed hereto and marked as Schedule A.
b. Option 2 – Monthly Instalment on Full Loan Amount
Under this Option 2, it shall be deemed that the disbursements shall have occurred on the date of first disbursement itself,
which will be a portion of the Loan, although balance disbursements may be made on subsequent dates. Consequently, Monthly
Instalments on the entire Loan amount shall commence and be payable by the Borrower(s) from the date on which the first
disbursement is made by HHFL. The Monthly Instalments shall be calculated by HHFL on the basis that the entire Loan amount
has been disbursed. The repayment schedule as agreed by the Parties at the time of execution of this Agreement is annexed
hereto and marked as Schedule A. The Borrower(s) acknowledges that the Monthly Instalments payable by the Borrower(s) have
been calculated by HHFL on the basis that the entire Loan amount has been disbursed, even though only a part of the Loan
amount may have been disbursed by HHFL and the Borrower(s) hereby undertakes to pay the same on the terms and conditions
provided in this Agreement. In the event the entire Loan amount is not disbursed by HHFL either at the request of the Borrower(s)
or for any other reason whatsoever, HHFL shall make adjustment to the repayment schedule of the Borrower(s) by rescheduling
the tenure of the Loan only. It is hereby clarified that the Monthly Instalments shall, as a result of any such rescheduling, remain
unchanged.
c. Option 3 – Monthly Instalment on the Disbursed Amount
Under this Option 3, Monthly Instalment shall commence and be payable by the Borrower(s) from the date on which the first
disbursement is made by HHFL. The Monthly Instalments shall be calculated by HHFL on the basis that the entire Loan amount has
been disbursed. However, the number of Monthly Instalments payable by the Borrower(s) to HHFL shall be only so many as shall
be sufficient for repayment of the amounts actually disbursed by HHFL. The repayment schedule as agreed by the Parties at the
time of execution of this Agreement is as annexed hereto and marked as Schedule A. When HHFL makes further disbursements
to the Borrower(s), HHFL shall provide for amortization of such additional monies disbursed by increasing the number of Monthly
Instalments to be paid by the Borrower(s) while the amount of each Monthly Instalment shall remain unchanged.
d. It is hereby clarified that in the event the Borrower(s) has, after one or more disbursement(s) but before any subsequent
disbursement(s) by HHFL, repaid to HHFL the entire amount disbursed by HHFL till such time along with interest, penal interest,
fees, costs, other charges and expenses payable by the Borrower(s) to HHFL under this Agreement for the principal monies
disbursed by HHFL till that date, the Agreement shall continue to be in force and effect notwithstanding that for some period of time
(till further disbursement by HHFL) there may be no monies outstanding and payable by the Borrower(s) to HHFL.
2.8 Mode of Payment, Time, Place etc.
a. The Borrower(s) shall pay promptly, in full, the PEMI (if applicable), Monthly Instalment and all other Borrower’s Dues payable
under this Agreement without any demur, protest or default and without claiming any set-off or counterclaim, on the respective
dates on which the same are due.
b. Payments can be made through cheque/s, bank draft/s, pay order/s, standing instruction/s, ACH/Electronic Transfer or in such
other manner as may be approved by HHFL and the payment shall be made in such manner so as to be realized by HHFL on or
before due dates applicable. It shall be the responsibility of the Borrower(s) to ensure adequacy of funds in the bank account from
which the repayment is being made.
c. In the event HHFL so requires, the Borrower(s) shall provide to HHFL such cheques as HHFL may require including inchoate
cheques/ instruments under Section 20 of the Negotiable Instruments Act, 1881 towards payment of Dues / Indebtedness.
d. No cash payment to or payment in the name of any Direct Marketing Agent (“ DMA”), Direct Selling Agent (“DSA”) appointed by
HHFL shall be made and if any payment is made, HHFL shall not be responsible to take due account of the same.
e. If instructed by HHFL, the Borrower(s) shall issue standing instructions in the format prescribed by HHFL as well as the Borrower(s)’s
bank in which the Borrower(s) has an account, to debit the account of the Borrower(s) every month, for the value of the PEMI (if
applicable) / Monthly Instalment/ payment due.
f. At the discretion of HHFL and if the employer/ tenant or such third Parties of the Borrower(s) agrees in writing, the Borrower(s)
may also make the payment of the amount due and payable under this Agreement directly through the employer, a tenant or a third
party with whom Borrower has a valid contractual relationship by instructing and authorizing such third party to deduct the payment
from his salary/ rent or such payments as are due to the Borrower and making payment thereof to HHFL. In such a case, the
Borrower(s) shall execute and provide such documents as may be required by HHFL from time to time. The Borrower(s) agrees to
pay Penal Interest as specified in Schedule A for the late payment from the third party if any, irrespective of any circumstances for

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delay. HHFL shall be entitled to discontinue such arrangement for payment at any time by giving a written notice to the Borrower(s)
and the employer, in which case the Borrower(s) shall make arrangement for future PEMI (if applicable), Monthly Instalments or
submit NACH mandate within 7 (seven) from receipt of such notice, in such manner as may be required by HHFL.
g. In case, the Borrower(s) makes the payment of due amount at any other office or branch of HHFL, HHFL may choose to accept
or reject such payment at its sole discretion. Upon making such payment, the Borrower(s) shall immediately inform the concerned
HHFL office or branch in writing.
h. Only on realization of the amounts due by any mode as above, HHFL shall credit the account of the Borrower(s).
i. In case any amount is paid by the Borrower(s) or any amount is received/ realized/ recovered from the Borrower(s), then the same
shall be adjusted/ appropriated in following order without any prior intimation to the Borrower(s):
i. Costs, charges, expenses, incidental charges and other monies that may have been expended by HHFL in connection with
this Agreement.
ii. Towards other Indebtedness of the Borrower(s) to HHFL.
iii. Delayed interest, penal interest, and /or liquidated damages on defaulted amounts under this Agreement.
iv. Prepayment charges and fees under this Agreement.
v. PEMI (if Applicable)Towards interest accrued and due/ overdue.
vi. Monthly Instalment(s)
vii. Principal amount of the Loan under this Agreement.
j. Notwithstanding the above, HHFL may, at any time during the subsistence of this Agreement and in its sole discretion, have
an escrow arrangement in place in such format as HHFL may in its sole and absolute discretion may deem fit, to receive all
payments under this Agreement from the Borrower(s). The Borrower(s) hereby agrees and undertakes that it shall, upon receipt
of intimation from HHFL in this regard, enter into such agreements, arrangements and other documents as HHFL may require for
the aforesaid purpose and shall thereafter, unless it receives a contrary instruction from HHFL, make all payments to HHFL under
this Agreement through such escrow arrangement.
2.9 Repayment
a. The Borrower(s) will amortize the Loan as stipulated in Schedule A attached hereto, subject to any other changes in such
amortization schedule as communicated later in writing by HHFL to the Borrower. However, in the event of delay or advancement,
for any reason whatsoever, in the disbursement of the Loan, the Due Date of payment of first Monthly Instalment shall in such case
be the corresponding day of the following months to the day currently stated in the Schedule A attached hereto.
b. The Borrower(s) shall repay the Loan as Stipulated in Schedule A attached hereto, subject to any other changes in such
Repayment as communicated later in writing by HHFL to the Borrower(s). However, in the event of delay or advancement, for any
reason whatsoever, in the disbursement of the Loan, the Due Date of payment of first Monthly Instalment shall in such case be the
corresponding day of the following months to the day currently stated in the Schedule A attached hereto.
c. The Borrower(s) shall also pay to the Lender PEMI every month, until commencement of Monthly Instalment.
d. The Borrower(s) agrees that the repayment of the amount of the Loan together with interest, penal interest and all such other sums
due and payable by the Borrower(s) to HHFL shall be payable at the place where the branch of HHFL is situated or such other
notified by HHFL to the Borrower(s) by way of Electronic Transfer and/or SI and/or ACH Mandate, details whereof are mentioned in
the Schedule A attached hereto. The Borrower(s) agrees that the amount shall be remitted to HHFL on the Due Date of EMI. In the
event of any dishonour of Electronic Transfer and/or SI and/or ACH Mandate, the Borrower(s) agrees to pay a dishonour charge
as mentioned in the Schedule attached hereto, in addition to any Penal Interest that may be levied by HHFL.
In the event of any variation in:
i. the date of payment of EMIs; or
ii. the amount of interest, principal or EMIs; or
iii. the numbers thereof,
the Borrower agrees and undertakes to forthwith issue fresh Electronic Transfer and/or SI and/or ACH Mandate to the Lender to
settle the variation, as may be required by the Lender.
e. Notwithstanding what is stated in this Agreement above and in the Schedule attached hereto, HHFL shall have the right at any
time or from time to time to review and reschedule the repayment terms of the Loan or of the outstanding amount thereof in
such manner and to such extent as the Lender may in its sole discretion decide. In such event/s the Borrower(s) shall repay the
Loan or the outstanding amount thereof as per the revised Schedule as may be determined by HHFL in its sole discretion and
communicated to the Borrower(s) by HHFL in writing.
f. In case if any amount is prepaid by the Borrower, the same shall be adjusted by the HHFL against the dues including outstanding
principal, pending interest, Penal Interest levied as a result of default or otherwise, fee/ charges, etc. in an order as may be
decided by HHFL at its sole discretion.
g. HHFL shall have the right to require the Borrower(s) to furnish such information/documents concerning his employment, trade,
business or profession at any time and the Borrower(s) shall furnish such information/documents immediately and in no case, later
than a period of seven (7) Business Days.
h. The Borrower(s) undertakes that all amounts payable under this Agreement shall be paid in Indian Rupees.
i. If, in the opinion of HHFL, any action or activity (including but without limitation, the activities as set out in Article 5.3 (j) proposed
to be undertaken by the Borrower(s) will be prejudicial to the rights of HHFL under the Transaction Documents, HHFL reserves the

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right to prohibit the Borrower(s) to undertake such action or activity, and any failure of the Borrower(s) to adhere to such prohibition
would result in an Event of Default under this Agreement.
2.10 Delay/Default in Repayment
a. HHFL shall not be required to provide any further notice, reminder or intimation regarding the Borrower(s)’s obligation and
responsibility to ensure prompt and regular payment of interest, PEMI or EMI and all other Borrower’s Dues due and payable by
the Borrower(s) to HHFL on the respective Due Dates. The Borrower(s) agrees that timely payment/Repayment is the essence of
this Agreement and solely his obligation.
b. Without prejudice to HHFL’s other rights, any delay in payment of Monthly Instalment or PEMI in respect of the Facility shall render
the Borrower(s) liable to also pay Penal Interest at the rate mentioned in the Schedule- A or at such higher rate as per the rules of
HHFL in this behalf as in force from time to time. In such an event, the Borrower(s) shall also be liable to pay incidental charges
and costs to HHFL.
c. Any default by the Borrower(s) in making payments of Borrower’s Dues that are due and payable by the Borrower(s) to HHFL shall
be treated as an “Event of Default” under Article 7 of this Agreement.
d. Without prejudice to the above, if a notice is given by HHFL, seeking repayment of the Loan, on the expiry of the notice period
stipulated in such notice, HHFL shall be entitled to recall the Loan without any further notice or intimation and the Borrower(s) shall
be forthwith liable to repay all outstanding amounts and other dues payable, as evidenced by the entries in the books and records
of HHFL and/or as per the Schedule of charges and interest and the entries made therein shall be deemed to be conclusive
evidence of the matters, transaction and accounts recorded therein including all other due(s), interest, costs, expenses(s) etc. due
and payable by the Borrower(s) to HHFL under this Agreement.
2.11 Prepayment of the Loan
a. The Borrower(s) shall be entitled to prepay the Loan Amount or any part thereof, to HHFL, upon the fulfilment of the following
conditions:
i. The Borrower(s) shall be required to intimate HHFL, in writing of its intent to prepay the Outstanding Balances or any part
thereof, at least 7 (seven) Business Days prior to the date of the proposed prepayment of the Loan, and request the Lender
to provide a Foreclosure Statement, in relation to the same.
ii. Upon receipt of the intimation as provided for in Clause 2.10 (a) HHFL shall provide to the Borrower, the Foreclosure Statement,
containing the rights and duties of the Borrower, in relation to the proposed prepayment.
iii. The minimum amount of Loan which shall be required to be prepaid by the Borrower, shall be equivalent to an amount
corresponding to 3 (three) Monthly Instalment payments of the Borrower.
iv. To the extent permissible under applicable law and as levied by the Borrower, from time to time, the Borrower(s) shall be
required to pay prepayment charges applicable at the time of such prepayment. The details of applicable prepayment charges
are specified in the Schedule A annexed to this Agreement and/ or Most Important Terms and Conditions (“MITC ”). The Lender
in its sole discretion may revise applicable prepayment charges in accordance with the extant regulatory requirements and
shall update it on their website. The Borrower(s) are required to visit the website of HHFL to find out the applicable charges at
the time of applying for prepayment of the Loan.
b. Notwithstanding anything contained in the foregoing sentence, in the event that due to a change in applicable law, the Lender
becomes entitled to charge prepayment charges, the Lender shall be entitled to charge prepayment charges and duly communicate
the levy thereof in the MITC or such other mode of communication as HHFL may so deem fit.
c. The prepayment amount which shall be required to be paid by the Borrower(s) on the concerned Due Date, shall be the amount
specified by the Lender in the Foreclosure Statement, which shall be the aggregate of the Loan being prepaid, accrued interest
thereon, default Interest (if any), if any and all other applicable Charges which are payable by the Borrower in respect of the Loan
Amount being prepaid.
d. If the Borrower(s) makes any prepayment without fulfilling the conditions determined by HHFL, HHFL shall be entitled to
appropriate the same in such manner as it deems fit and HHFL shall give the Borrower(s) credit for the same only on due date
and not before.
e. In case the Borrower(s) shall have opted for Dual Rate of Interest, unless the Borrower(s) specifies in the application the
appropriation required by him, HHFL shall be entitled to appropriate the prepayment amounts to any component of the Loan.
f. Full prepayment of the Loan would not be permitted unless the Borrower(s) makes payment of the charges in relation to full
prepayment as mentioned under Schedule A hereto. The charges in respect of prepayment may be waived or re-negotiated by
HHFL at its sole discretion.
g. If the Borrower(s) prepays only a part of the amount payable by the Borrower(s) to HHFL, HHFL shall be entitled to adjust the
amount prepaid against the amount payable by the Borrower(s) in such manner as HHFLthinks fit. Notwithstanding the above, if
the Borrower(s) pays any amount to HHFL before the Due Date, HHFL shall be entitled to appropriate the same in such manner
as HHFL deems fit.
h. In the event of any Prepayment made by the Borrower(s), the Repayment schedule for the Loan shall be amended / altered
by HHFL and to give effect to the same, the Schedule A of this Agreement shall stand substituted and replaced with new
Schedule A, as the case may be. Such substituted Schedules shall form part of this Agreement and shall be binding upon the
Borrower(s).
i. Where the Borrower has availed the subsidy under any of the Government schemes including Pradhan Mantri Awas Yojana
(PMAY) and the Loan is foreclosed or preclosed, the Borrower(s) obligation/ Dues to HHFL, notwithstanding the forgoing clauses,
shall arise once again, if the NHB or the RBI or any agency authorised by the Government of India recalls/ instructs for return of
the subsidy granted to the Borrower(s) due to whatsoever reason deemed fit by such authority.

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2.12 Commitment Charges

The Borrower(s) agrees, acknowledges and accepts that the Borrower(s) shall pay to HHFL a one time Commitment Charge at the
rate mentioned in Schedule A on the principal outstanding amount including undisbursed amount of the Loan.
2.13 Cross Default
The Borrower(s) agrees, confirms and acknowledges that any default by the Borrower(s) under any other agreement or arrangement
or guarantee or security or other Indebtedness of the Borrower(s) with HHFL or its holding company/ group companies/ subsidiaries/
affiliates shall constitute an event of default under this Agreement andvi ce-versa . The said amounts shall be deemed to be Dues
under this Agreement secured by the Security and vice-versa.
2.14 Set off
Without prejudice to what is stated hereinabove, the Borrower(s) hereby expressly agrees and confirms that in the event of the
Borrower(s) failing to pay the amount outstanding under the Loan or any other loan/ facility, in addition to any general or similar lien
to which HHFL or any of its subsidiary/affiliates may be entitled by law, HHFL shall, without prejudice to any of its specific rights under
any other agreement/s with the Borrower(s), at its sole discretion and without notice to the Borrower(s), be at liberty to apply any other
money or amounts standing to the credit of the Borrower(s) towards payment of the Dues. The rights of HHFL under this Agreement
are in addition to other rights and remedies (including without limitation other rights or set off) which HHFL may have.
2.15 Terminal Benefits
The Borrower(s) hereby agrees and undertakes that HHFL shall be entitled to take such insurance policies under group cover or other
form of cover with the Borrower(s) as one of the insured/ beneficiaries as HHFL may deem fit.
2.16 Processing Fees
The Borrower(s) acknowledges that the processing fee as mentioned in the Schedule-A attached is payable by the Borrower(s) in the
prescribed form and manner.
2.17 Alteration and Re-Scheduling of EMI
If the entire amount of the Loan is not fully drawn by the Borrower(s) within the Availability Period, EMIs shall be altered in such manner
and to such extent as the Lender may, in its sole discretion, decide and the Repayment shall be thereupon be made as per the said
alteration notwithstanding anything stated in this Agreement. However, the altered EMI shall be payable on the same date as stated
in the Schedule-A attached hereto for the purpose of Repayment.

3. SECURITY
3.1 Borrower(s)’s Covenants
a. The Borrower(s) covenants that the Dues payable to HHFL under this Agreement shall be secured or cause to be secured by such
Security as determined by HHFL in its sole discretion. HHFL shall have the right to prescribe the type of Security and the place,
timing and the manner of its creation. Such Security shall be created prior to the disbursement of the Loan. HHFL may during the
term of this Agreement also require for the Borrower(s) to create additional Security and the Borrower(s) undertakes to create or
cause to create such additional Security as and when called upon by HHFL. Without prejudice to the generality of the above, the
Borrower(s) shall create such additional Security (a) in the event of the Dues being more than the market value of the Security
or otherwise in accordance with the margin requirements of HHFL; and (b) in the event of destruction or damage or depreciation
or fall in value of any Security given to HHFL or the title of any such Security being unclear, unmarketable or encumbered in the
opinion of HHFL or affecting the value of the Security in any manner whatsoever.
b. The Borrower(s) shall also procure Guarantee of the Guarantor/s named in Schedule A hereto, for the payment of the Borrower’s
Dues payable to HHFL under this Agreement. The Borrower(s) shall as and when called upon by HHFL, during the term of this
Agreement, execute and deliver to HHFL such irrevocable power of attorney in the format of HHFL empowering HHFL to create
Security for the payment of the Borrower’s Dues, as stated aforesaid in sub-clause (a).
c. The Borrower(s) shall execute such bond(s), promissory notes and letter of continuity in favour of HHFL for the payment of the
Borrower’s Dues as required by HHFL.
d. The Borrower(s) shall also execute and deliver such other document(s), declaration(s), undertaking(s), writings, power of attorney
and Agreement(s) or such other instruments as may be required by HHFL at any time during the pendency of this Loan or any
other Loan(s) granted by HHFL thereafter.
e. The Borrower(s) shall issue in favour of HHFL such post-dated cheques of such amounts and numbers or settle other modes
of payment like instructions to its bank, etc. as acceptable to HHFL, towards payment of Borrower’s Dues or Indebtedness as
intimated by HHFL for repayment of the Dues.
f. The Borrower(s) shall ensure that the deed of mortgage to be executed by the Security Providers for creation of the mortgage over
the Property, be duly registered with the relevant Sub-Registrar of Assurances within thirty (30) days from the date of execution
of the deed of mortgage. Further, in case of equitable mortgage, the Borrower(s) shall ensure that an intimation/notice is provided
to the Sub-Registrar of Assurances informing him/her that a charge by way of equitable mortgage has been created over the
Property, within the timelines and in the manner as provided for in the applicable law.
g. The Borrower(s) hereby agree and acknowledge that this Agreement is not the principal instrument for the purposes of Section 4
of Indian Stamp Act, 1899, as amended from time to time (or such similar provisions in the stamp law applicable to the state(s) in
which this Agreement is executed) and a separate deed of mortgage or memorandum of entry and declaration shall be executed/
issued, which deed of mortgage or memorandum of entry and declaration, as the case may be, shall be considered as the principal
instrument for the purposes of Section 4 of Indian Stamp Act, 1899 (or such similar provisions in the stamp law applicable to
the state(s) in which this Agreement is executed). This Agreement and the deed of mortgage and/or memorandum of entry and
declaration shall be stamped accordingly.

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h. The Borrower(s) shall ensure that the Security Providers file all forms and make all filings as may be required under applicable law
including, without Limitation, the filing of Form CHG-1 under the Companies Act, 2013 including the Rules framed thereunder, as
amended from time to time, with the applicable Registrar of Companies, in respect of creation of Security as above within thirty
(30) days from the date of creation of Security.
i. The Borrower(s) agrees and undertakes that HHFL shall have an exclusive charge over the Security created and that the
Borrower(s) shall not create any other encumbrance, charge or Security Interest in the Security so created or any of them in
favour of any other Person or body, except with the prior written consent of HHFL.
j. The Borrower(s) agrees and undertakes that the Security created under this Agreement or any other Transaction Documents and
the liability of the Borrower(s) shall not be affected, impaired or discharged by the winding up (voluntary or otherwise) or initiation
of insolvency proceedings under the IBC or by any merger or amalgamation, reconstruction, takeover of the management,
dissolution (as the case may be) of the Borrower(s).
k. The security interest created in favour of HHFL over the Property, shall be recorded/registered with the concerned authorities/
builder/promoter/group housing society/Persons as the case may be and as may be applicable forthwith upon the disbursement
of the amounts under the Loan Facility.
l. The Borrower(s) shall provide all co-operation and assistance that HHFL may require in relation to any filings required to be
made with the Central Registry of Securitisation Asset Reconstruction and Security Interest and shall bear all cost, charges and
expenses which may be incurred by HHFL in relation to such filings.
m. Any benefit or sums accrued under any additional/collateral Security provided/assigned to HHFL to secure the Dues being the
repayment of the Loan and payment of interest, penal interest, fees, costs, charges and expenses and all other amounts payable
to HHFL under this Agreement or any addendum, supplemental Agreement thereto, shall be credited in such manner towards the
Borrower’s Dues unless HHFL decides otherwise. The Borrower(s) shall be responsible to intimate to HHFL 15 (fifteen) days in
advance in writing about the maturity date, accrual date or due date of any such additional/ collateral Security.
n. The Borrower(s) shall at HHFL’s request, promptly inform HHFL about the happening of any event which is likely to adversely
affect the repayment of amounts due under the Loan Facility or the financial condition of the Borrower(s).
o. The Borrower(s) shall furnish statement of accounts, financial statements, etc., duly certified, copy of the assessment orders/
returns relating to taxes payable by the Borrower(s) and such other statements, reports and information, as may be required by
HHFL from time to time.
p. The Borrower(s) shall permit HHFL, their agents and servants from time to time and at all times with prior written notice to enter
upon the Property and inspect and value the same.
q. The Borrower(s) shall execute, sign and deliver such other documents, undertakings, agreements etc., relating to the Facility and
security offered to HHFL, as may reasonably be required by HHFL from time to time, including acknowledgement of debt to save
limitation, for the purposes of strengthening the rights of HHFL existing under this Agreement.
3.2 Additional Security
a. In the event of the Security furnished by the Borrower(s) is found to be insufficient/incorrect in value, the Borrower(s) shall be
directed to furnish additional Security as may be required by HHFL. Notwithstanding the above, in the event the Security furnished
by the Borrower(s) is subsequently found to be of inferior value to that as declared by the Borrower(s) in the Loan Application, the
Loan may be recalled/Repayment of the Loan may be accelerated by HHFL with immediate effect.
b. The Borrower(s) agrees to execute an irrevocable Power of Attorney (“POA”) in favour of HHFL to carry out his/her/their obligations
in respect of creation of Security and all matters incidental thereto, as required by HHFL.
3.3 Continuing Security
a. All Securities (that may be created or cause to be created) and the Guarantees furnished or to be furnished by the Borrower(s) to
HHFL, in connection with the Loan shall remain a continuing security to HHFL and the same shall be binding upon the Borrower(s).
b. The Borrower(s) agrees that the Security shall not be discharged/released by intermediate payment by the Borrower(s) or any
settlement of accounts by the Borrower(s) till such time all the dues in respect of the Loan and any other Loan availed of by the
Borrower(s) and Borrower(s) Group entities/Persons from HHFL are duly paid to the satisfaction of HHFL and HHFL consents to
give a discharge/release in respect of the Security in writing to the Borrower(s).
c. The Security shall be in addition and not in derogation of any other security which HHFL may at any time hold in respect of the
Dues and shall be available to HHFL till all the Dues are paid and the securities are expressly released by HHFL.
3.4 Cross Liability
a. The Borrower(s) agrees that the Security created shall also be Security for all other monies that may be due and payable by the
Borrower(s) to HHFL on any account whatsoever whether present or future including any liability of the Borrower(s) as a Surety or
Co-obligator either by himself or along with any other Person.
b. The Borrower(s) agrees with and undertakes that HHFL shall have an exclusive charge over the Security created and that the
Borrower(s) shall not create any other encumbrance, charge or Security Interest in the Security so created or any of them in favour
of any other Person or body, except with the prior written consent of HHFL. The charge/Security by the Borrower(s) under this
Agreement shall continue and remain in force till such time all other dues under this Agreement and in respect of all other loan/
facility obtained by the Borrower(s) from HHFL are fully paid to the satisfaction of HHFL and HHFL issues a certificate of discharge.
3.5 Registration of Charges
Where the Borrower(s) is/are a Company within the meaning of Companies Act, 2013 or Companies Act, 1956 it shall cause the
charges created under this Agreement to be registered with the Registrar of Companies in accordance with the provisions of Section
77 of the Companies Act, 2013 and rules framed thereunder or such other applicable law, as may be prescribed in relation to a body
corporate or a limited liability partnership, within the prescribed time and furnish such certificate of registration to HHFL at the earliest.

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3.6 Release of Security

Upon full and final payment by the Borrower(s) to HHFL of all amounts (including without limitation the principal amount, interest,
costs, charges, fees, expenses, claims or other amount of whatsoever nature) payable in accordance with the terms hereof, HHFL
shall release the Security in favour of the Borrower(s) or such other person as the Borrower(s) may request.
3.7 Cross Collateralization
a. Any security(ies) furnished by the Borrower(s), under any other agreement entered into/to be entered into with HHFL, its group
companies, its affiliates shall be deemed to be the security(ies) under this Agreement, and HHFL shall be entitled to exercise any
or all rights under the respective agreements including but not limited to exercising right over any security(ies)/charges/mortgages
available to HHFL under any of the loans including the present Loan extended by HHFL.
b. The Borrower(s) agree(s) that the security(ies) offered in respect of this Loan, shall be deemed to be continuing security(ies) in
respect of other loan(s) availed/to be availed by the Borrower(s) from HHFL or any of its affiliates or group companies and shall
not be discharged till such time all the loan(s) are fully discharged to the satisfaction of HHFL.

4. CONDITIONS PRECEDENTS FOR DISBURSEMENT

4.1 The Borrower shall fulfil the following conditions precedent to be able to apply for each Disbursement amount from HHFL with respect
to the Loan:
a. Creditworthiness of the Borrower(s): The Borrower(s) should satisfy HHFL’s requirement of creditworthiness. HHFL shall be
entitled to make or cause to be made such inquiries as HHFL may deem fit to assess the creditworthiness of the Borrower(s).
HHFL shall be further entitled to call for such credentials from the Borrower(s) as may be required to prove the creditworthiness
of the Borrower(s).
b. Non-existence of event of default/cross default: No event of default/Cross Default as defined in this Agreement shall have occurred.
c. The Borrower(s) shall have an absolute, clear and marketable title to the Property and that the Property is absolutely unencumbered
and free from any liability and prior charges whatsoever.
d. Extraordinary Circumstances: No extra ordinary or other circumstances shall have occurred, which in the sole opinion of HHFL
may make it improbable for the Borrower(s) to fulfil any of these terms and conditions.
e. Pending Legal Proceedings: The Borrower(s) shall have disclosed to HHFL about any action, suit proceedings, winding up/
insolvency proceedings or investigation pending initiated against him/her/it.
f. Utilisation of Borrower(s)’s Contribution: The Borrower(s) shall, prior to receiving the disbursal of Loan, have utilized his own
contribution to the extent of maintaining the debt-equity ratio as agreed under Transaction Documents upon disbursement from
HHFL, i.e. the cost of the Property less the Loan availed/to be availed from HHFL. The Borrower(s) shall, contribute such amounts
out of its owned funds only, and shall not, under any circumstances, borrow the same from any other person. Evidence of the same
shall be produced to HHFL as and when demanded by HHFL.
g. Evidence for Utilisation of Disbursement: HHFL should be satisfied at the time of making any disbursement that the same is
required for the purpose as mentioned in Schedule A and as stipulated by the Borrower(s) and the Borrower(s) shall procure
evidence satisfactory to HHFL of the proposed utilization of the proceeds of the disbursement of the Loan.
h. Utilisation of prior Disbursement: The Borrower(s) shall have satisfied HHFL about the utilization by the Borrower(s) of the
proceeds of prior Disbursements, if any.
i. Guarantees/Securities etc.: The Borrower(s) shall, if required by HHFL, provide and execute Guarantee/s, Security, necessary
documents, writings and hand over such security as well as post dated cheques or bank mandates, if required by HHFL.
j. Non Resident Indian (“NRI”)/ Person of Indian Origin (“PIO”) etc.: Where the Borrower(s) is an NRI or a PIO as per the provisions
of the Foreign Exchange Management Act, 1999 or other law in force in India relating to foreign exchange, the Borrower(s)
shall have obtained all permissions, authorizations, approvals, sanctions and fulfilled all conditions prescribed therein as may be
required for borrowing and for the acquisition of immovable property and for the repayment of the Dues.
k. No Objection Certificate for Financial Swap: Where the Borrower(s) intends to avail Loan from HHFL for Financial Swap, the
Borrower(s) shall have obtained necessary permissions, letters from the existing/previous bank/Institution/lender as the case may
be and shall have disclosed correct information to HHFL.
l. The Borrower(s) shall have executed and delivered bond or a demand promissory note in favour of HHFL for the amount of Loan.
m. The Borrower(s) shall have provided certified true copies of the relevant authorizations (both board resolutions as well as
shareholder resolutions in case of a company and relevant POAs in case of partnerships, HUFs, etc.) of the Borrower(s) as well
as Security Provider.
n. The Borrower(s) shall have provided all such other information as may be required by HHFL pertaining to the Borrower(s) and the
Security Provider, including their respective registration details under the Goods and Services Tax Act, 2017.
o. The Security Provider shall have created and perfected the Security as set out in the Sanction Letter.
p. The Borrower(s) shall have provided self-attested copies of the insurance policies taken in respect of the Property.
q. The Borrower(s) shall have made payment of all fees and expenses to be paid by the Borrower(s).
r. If applicable, the Borrower(s) shall have provided certified true copies of the resolution of the members of the Borrower(s) as
stipulated under Section 180(1) (a) and Section 180(1) (c) of the Companies Act, 2013, wherever applicable along with certificate
from Chartered Accountant/Company Secretary for compliance of the requirements of Section 180(1) (c) of the Companies Act,
2013.
s. Such other conditions precedent as set out in the Sanction Letter.

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5. COVENANTS
5.1 Affirmative Covenants
The Borrower(s) hereby covenants with HHFL that –
a. Utilization of the Loan: The Borrower(s) shall utilise the Loan solely for the purpose for which the Loan is availed of and for no
other purpose whatsoever also undertakes that the Borrower(s) shall ensure that such certificate as required by HHFL shall be
obtained from the auditor of the Borrower(s) and shall be submitted to HHFL. In the event HHFL so requires, the Borrower(s) shall
co-operate fully with HHFL and provide all information and assistance as desired by HHFL in order to determine and validate the
end use of the Loan amount.
b. Acquisition of the Property under Construction:In case the Loan is availed for the acquisition of a Property under Construction,
the Borrower(s) will obtain and produce to HHFL a proper true copy of ‘occupation/completion certificate’ issued by the competent
authority and a written notice about the completion of the Construction within a period of 6 (six) months from the date of final
disbursement. In case the Property for which the Loan is availed is under Construction and for which society/ other organization is
not formed, the Borrower(s) shall upon formation of the society/ other organization inform the society/other organization about the
Loan granted by HHFL to the Borrower(s) for purchase/ Construction of the Property and if required by HHFL obtain necessary
confirmations from the society/other organization. In the event the Disbursement amount is distributed in several tranches
where each tranche is linked to a construction milestone, the Borrower(s) will obtain and produce to HHFL a proper true copy of
completion of each such milestone prior to making any disbursement for the particular tranche.
c. The Property purchased/constructed by availing the Loan shall, subject to the rights of HHFL as stipulated in the Security
Documents and this Agreement, vest absolutely in the Borrower(s) and the Borrower(s) shall cause to do all such act, deed, matter
and thing which shall be necessary to vest the Property absolutely in the Borrower(s).
d. In case of purchase of the Property, the Borrower shall ensure the compliance of due process of law in registration of the title
documents in respect of the Property at the office of sub-registrar of assurance or any other applicable authority. Borrower shall
also be liable to pay the deficit stamp duty with penal amount as well as any other charges, costs, penalties, in case the title
documents are held or forfeited or sent for adjudication by the sub-registrar of assurance or any other authorities. In case the
registration of title documents is denied by the sub-registrar of assurance or any other authorities on the ground of any reasons,
whatsoever, the Borrower(s) himself/ herself, shall be liable for all the consequences, cost, charges incurred on the stamp duty,
registration charges, own contribution towards purchase of the Property, processing fees paid towards the application of the Loan
or any other charges/ amount paid to HHFL or any dues payable to HHFL.
e. Compliance with rules etc., and payment of maintenance charges: The Borrower(s) shall duly and punctually comply with
all the terms and conditions of holding the Property and all the rules, regulations, byelaws, etc., of the Government as well as
the concerned Co-operative Society, Association, Company or any other competent body, and pay such maintenance and other
charges for the upkeep of the Property as also any other dues, etc., as may be payable in respect of the Property and/or of the
use thereof. The Borrower(s) shall do all the necessary repairs, additions and improvements during the currency of the Loan and
shall ensure that the value of the Property does not diminish.
f. Notify the causes of delay: The Borrower(s) shall promptly notify HHFL any event or circumstance or knowledge of any event
or circumstance which might delay/cancel/vitiate the purchase, commencement or completion of the construction, transfer, repair,
alteration, reconstruction of the Property or acquisition of the Property, for which the Loan is availed.
g. To Notify Change of Address: The Borrower(s) shall notify HHFL of any change in its Residential status within seven (7) days of
such change. If the Borrower(s) is a Person other than an individual, promptly inform the HHFL of change in location of its office/
registered office, name, main business activity of the Borrower(s) and provide documentary evidence to effectuate the change in
the records of HHFL.
h. To Notify Change in Employment: The Borrower(s) shall notify HHFL of any change in the Borrower(s)’s employment, business
or profession of the Borrower(s) within 7 (seven) days of such change. In the event the Borrower(s) is self-employed, the
Borrower(s) hereby undertakes to keep HHFL informed about the financials of his business on a regular basis as may be notified
to him by HHFL. In the event Borrower(s) is a company, partnership or sole proprietary, the Borrower(s) shall provide HHFL such
information and/or documents as may be required by HHFL.
i. To conduct search and satisfy the title: The Borrower(s) shall conduct the search in Revenue/SRO records, municipal records
or court records, or any other records maintained by the Govt. authorities to satisfy title, its marketability and any adverse
encumbrances, etc. and also to identity, extent, the Dimensions, Survey Number, Door Number, Boundaries in regard to the
Property in respect of which Loan is availed.
j. Insurance: The Borrower(s) shall ensure that the Property is insured against fire, earthquake, flood, storm, tempest or typhoon
and other hazards, as may be required by HHFL, with HHFL being made the sole beneficiary under the policy/ies, for a value as
required by the Lender and produce evidence thereof to HHFL from time to time and wherever called upon to do so.
That until any moneys are due or outstanding under this Agreement, the Borrower(s) shall ensure that the insurance policy/ies
wherein HHFL is the sole beneficiary are valid, subsisting and operative by complying with the terms of issue of such insurance
policy/ies including the timely payment of the premium for such policy/ies and agree to produce the necessary proof/receipts of
such validity/ subsistence / cooperativeness to HHFL, whenever required.
On the default of the Borrower(s) to keep the Property insured as aforesaid, HHFL may, at its discretion, but without any obligation
to do so, effect insurance of the Property and/or pay the premia in respect thereof at the risk, cost and responsibility of the
Borrower(s) and the Borrower(s) hereby undertakes to reimburse HHFL on demand all the amounts paid and/or incurred by HHFL
in doing so, together with Taxes, if any, on such reimbursements, and on default of payment of such amounts by them within fifteen
(15) days of the demand being made by HHFL in this regard, HHFL shall be at liberty to debit such amounts to the Accounts of the
Borrower(s) with HHFL and such amounts shall carry interest at Rate of Interest and Penal Interest as provided in the Agreement.
For this purpose, HHFL shall be acting as Borrower(s)’s pure agent to incur such expenditure or costs.

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The Borrower(s) (only in the case of individual and partners) shall at all times during the tenure of the Loan, at its own cost,
obtain life insurance policy/ies (wherein HHFL will be a loss payee/beneficiary/assignee) if required by HHFL with such insurance
company or companies of repute to be approved by HHFL in writing and shall deposit the insurance policies and all cover notes
premium receipts etc. with HHFL. The Borrower(s) shall make punctual payment of all premium and shall not do or suffer to be
done any act which may invalidate such insurances and in case of demise of the Borrower(s), during the currency of the Loan,
HHFL shall be entitled to obtain and avail of the moneys under the said policies and appropriate the same towards the repayment
of the Dues.
k. Loss/Damage to Property: The Borrower(s) shall promptly inform HHFL of any loss or damage to Property due to any act of
God or damage or other risks. The risks as a result of which damage occurs may include a risk against which the Property may
not have been insured.
l. Prevention of Money Laundering Act, 2002: The Borrower(s) declares that all the amounts including the amount of own
contribution paid/payable in connection with the Property, as well as any Security for the Loan, is/shall be through legitimate
source and does not/ shall not constitute an offence of Money Laundering under the Prevention of Money Laundering Act, 2002,
as amended from time to time and Rules framed thereunder.
m. Municipal Taxes and Charges: The Borrower(s) shall pay all municipal taxes, ground rent and such other municipal and local
charges in accordance with the municipal laws and regulations.
n. Notice of dispute:
The Borrower(s) shall promptly give written notice to HHFL of:
i. any dispute which might arise between the Borrower(s) and any person or any governmental body or authority relating to or
concerning the Property;
ii. any distress or execution being levied against the Property; and
iii. any material circumstances affecting the ability of the Borrower(s) to repay the Loan in the manner stipulated hereunder.
o. Inspection: Any person authorized by HHFL shall be allowed to have free access to the Property for acquisition of which the
Loan is availed for the purpose of inspection/supervising and inspecting the progress of Construction and the accounts to ensure
proper utilization of the Loan.
p. Progress of Construction: The Borrower(s) shall verify the approved sanction plan, building plan, layout plan of the Property and
ensure that the construction is being conducted in accordance with them. The Borrower(s) shall inform HHFL at regular intervals
of the progress of Construction of the Property.
q. Notice on Completion of Construction: HHFL will be given written notice on completion of Construction. The Borrower(s) will
obtain certificate of occupation and certificate of completion, if any, from the relevant authorities and furnish certified true copy
thereof to HHFL.
r. Documents pertaining to the Acquisition of the Property: The Borrower(s) agrees, confirms and acknowledges that the
documents pertaining to acquisition of Property as entered into by the Borrower(s) or executed for and on behalf of the Borrower(s)
which is the subject matter of the Loan are valid and subsisting during the tenure of the Loan, subject to the terms of this
Agreement, and the legal and beneficial ownership of the Property shall continue being in the name of the Borrower(s) during the
tenure of the Loan subject to the terms of this Agreement.
s. Appropriate Stamp Duty: The Borrower(s) shall bear all costs of making good any deficit in stamp duty on the documents
executed by the Borrower(s) in relation to the Loan and/or security created by the Borrower(s) in favour of HHFL.
t. Availability of Security: The Borrower(s) agrees that any security provided by the Borrower(s) to HHFL under any other credit
facility shall be available to HHFL under this Loan
Agreement upon the occurrence of an event of default under this Loan Agreement.
u. Perfection of Security: The Borrower(s) shall on HHFL’s request do, perform and execute such acts, deeds, matters and things
as HHFL may consider necessary either to perfect the title of Security provided for or to carry out the intent of this Agreement.
v. Right to declare a Wilful Defaulter: HHFL shall have the right to declare the Borrower(s) as a wilful defaulter based on the
conclusion drawn by HHFL in case of a default made by the Borrower(s) in respect of the repayment of the Loan and HHFL shall
also have the right to inform and declare the Borrower(s) as wilful defaulter to the Credit Information Companies (“CICs”) and
regulators including but not limited to NHB, SEBI, RBI etc.
w. Publication upon default: In the event the Borrower(s) commit(s) a default in payment or repayment of the Outstanding Amount
under the Facility, HHFL and/or NHB will have an unqualified right to disclose or publish the details of the default and the name
of the Borrower(s) as defaulters in such a manner and through such medium as HHFL or NHB in their absolute discretion may
deem fit.
x. Conduct of due diligence by the Borrower(s): The Borrower(s) agree(s), confirm(s) and acknowledge(s) that the Borrower(s)
has/have exercised due care and caution (including, where necessary, obtaining of advice of tax/legal/accounting/financial/other
professionals) prior to taking of the decision, acting or omitting to act, in respect of obtaining finance, as contemplated herein
and further agrees, confirms and acknowledges that HHFL is not responsible for any delay in Construction/giving of possession/
completion of the Property to the Borrower(s), or for the quality condition or fitness of Construction of the Property including
where HHFL may have approved/sanctioned or otherwise provided the Borrower(s) any information in respect of the Seller of the
Property.
y. The Borrower(s) shall whenever required by HHFL submit statements of annual income certified and audited by a practicing
Chartered Accountant (with his registration number mentioned therein) along with a copy of the tax returns filed with the income
tax authorities duly certified by such Chartered Accountant (with his registration number mentioned therein) or latest salary slip
duly stamped and signed by the employer or Bank/financial statements duly stamped and signed by the Bank.
z. To Notify Change in NRI/PIO status: The Borrower(s) shall notify HHFL of the change in his NRI/PIO status to resident status,
if the Borrower(s) has taken the Loan in the status of NRI/PIO and vice versa.

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aa. Binding nature of the Sanction Letter: The Borrower(s) agree(s) to be bound by all the terms and conditions, representation,
covenants and warranties including but not limited to special conditions, if any, stipulated in this Agreement and the sanction letter
issued by HHFL to the Borrower(s) in respect of sanction of the Facility to the Borrower(s).
ab. In the event of the Borrower(s) availing of a Loan for the acquisition of a Property under Construction and which Property would be
held by a society/ other organization, the Borrower(s) shall inform the society/other organization of the borrowing hereunder and
shall also inform HHFL of the creation of the society/other organization.
ac. The Borrower(s) shall duly and punctually comply with all the terms and conditions of holding the Security and all the laws in
respect thereof including all applicable rules, regulations, bye-laws, etc. applicable to such Security.
ad. The Borrower(s) shall at all times during the currency of the Loan, at its own cost, keep the Security fully insured against such risks
and for such amounts and for such period and forms as HHFL may require, in the name of HHFL or with HHFL being marked as a
loss payee or the policy being assigned to HHFL or the interest of HHFL being recognized on such policy in such manner as may
be required by HHFL, with such insurance company or companies of repute to be approved by HHFL in writing and shall deposit
the insurance policies and all cover notes premium receipts etc. with HHFL. The Borrower(s) shall make punctual payment of all
premium and shall not do or suffer to be done any act which may invalidate such insurances and will on receipt of any moneys
under the said policies, pay the same to HHFL which shall, at the option of HHFL, be applied either in reinstating or replacing such
Security or in repayment of the said Dues. If the Borrower(s) fails to insure or keep insured all/ any of such Security as aforesaid,
then HHFL shall without prejudice to or affecting its rights hereunder, be at liberty (but not bound) to insure and keep the same
insured and the Borrower(s) shall on demand repay to HHFL all amounts spent or incurred by HHFL in doing so, with interest at
the rate applicable for the Loan as aforesaid.
ae. The Borrower(s) shall notify details of any additions to or alterations in the Security which might be proposed to be made.
af. Any person authorized by HHFL will be allowed to discuss, collect information with/from the competent authority relating to the
Property and/or the Security and the Borrower(s) shall extend such cooperation as may be required.
ag. The Borrower(s) agrees/consents that the Borrower(s) shall not have any objection to the Lender availing credit facility/ refinance
from NHB and/ or any bank and/ or any financial institution and the Borrower(s) hereby permits the Lender to avail credit facility/
refinance from NHB and/ or any bank and/or any other financial institution and the Borrower(s) hereby permits the Lender as
a Security holder to transfer its interest in the Security (charged to the Lender), to the NHB and/ or any bank and/ or any other
financial institution as security for the credit facility/ refinance to the Lender.
ah. The Borrower(s) hereby agrees and consents to receive telephone calls, text messages, emails, letters or all other forms of
communications from the Lender and/or its officers, agents or sub-contractors, informing the Borrower(s) about the prevailing Rate
of Interest, Due Dates, Outstanding Loan Amount, upcoming EMIs, various products, offers etc.
ai. Any material change in the financial strength of the Guarantor(s).
aj. The Borrower(s) agree that the structural design of the building/structure/house proposed to be constructed is in compliance with
the National Disaster Management Authority Guidelines (NDMA Guidelines) and it is ensured that the disaster resilience features
of NDMA Guidelines have been incorporated/adopted by the Developer in the actual construction of the building/structure/property.
ak. The Borrower(s) undertakes to make all necessary arrangements to mitigate fire incidents and safety of workers including ensuring
that adequate fire safety equipment like fire extinguishers, hydrants, sand buckets etc will be deployed at premises and will be
duly maintained at all times. HHFL shall be at liberty to recall the loan in the event of any default in complying with the fire safety
requirements mandated in this paragraph.
al. The Borrower(s) declares and undertakes that the utilization of the Loan received from HHFL will be in compliance with the
applicable State and National level Environmental, Health, Safety and Social Regulations (EHSS). It further undertakes to comply
with such amendments as may be made to the EHSS regulations during the Loan tenure. HHFL shall be at liberty to recall the
Facility in the Event of any Default in complying with the EHSS regulations including any amendments thereto.
am. When the Borrower is NRI or PIO, he, she or they will pay their own contribution or margin money to the builder/developer/seller
by way of foreign inward remittance through normal banking channels or debit to NRE/FCNR/NRO account of NRI Borrower.
Repayment of the Loan shall also be by way of foreign inward remittance through normal banking channels or debit of NRE/FCNR/
NRO or the rental income of the property financed by HHFL.
an. HHFL may also ask the Borrower to give post dated cheque payable, from time to time and/or standing Instructions and/or salary
deduction and/or a Mandate /Authorization for payment through Electronic Clearing System, in the prescribed form of HHFL,
towards payment of Monthly Instalments and other amounts payable by the Borrower. In case of NRI Borrower, the post dated
cheque shall be for an amount equivalent to the Monthly Instalments. The Borrower hereby unconditionally and irrevocably
authorizes the HHFL to present the post dated cheque on their respective dates, on HHFL on which the same are drawn or as the
case may be, to issue appropriate instructions pursuant to Standing Instructions / Salary deduction the Mandate / Authorization
for payment through ECS given by the Borrower. HHFL shall have rights to withhold the post dated cheque for the period of 8
(eight) years.
ao. The Borrower(s) shall fulfil such other affirmative covenants as set out in the Sanction Letter.
5.2 Negative Covenants
Without prejudice to the other covenants provided by the Borrower(s) under this Agreement, the Borrower(s) further covenants with
HHFL that unless HHFL shall otherwise previously approve in writing, the Borrower(s) shall not
a. Change of Use: Change use of the Property. Provided that if such Property is used for any purpose other than residential/
commercial purpose stated herein, in addition to any other action which HHFL might take, HHFL shall be entitled to charge, in its
sole discretion, such higher Rate of Interest as it might fix in the circumstances of the case.
b. Possession: Let out or give on leave or license or otherwise howsoever part with the possession of the Property or any part
thereof.

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c. Amalgamate or merge the Property with any other adjacent property nor shall the Borrower(s) create any right of way or any other
easement on such Property.
d. Alterations or Additions to the Property:Make and/or allow to be made any material alterations and/or additions in the Property.
e. Surety or Guarantee: Stand surety for anybody or guarantee the repayment of any loan or overdraft or the purchase price of any
asset without written permission of HHFL.
f. Leaves the Country: Leave India for employment or business or for long term stay abroad without fully repaying the Dues
including the charges as contained in the Schedule-A. Whether the stay is long term or not shall be decided solely by HHFL. If the
Borrower(s) becomes an NRI, the Borrower(s) agrees to repay the Borrower(s)’s dues in accordance with the rules, regulations,
guidelines and norms of the RBI.
g. Power of Attorney: Execute any document, such as Power of Attorney, or any other similar or other deed, in favour of any person
to deal with the Property in any manner.
h. Partition of the Property: Effect any oral or other partition of the Property or enter into any family arrangement or use it for any
other purpose other than for which the Facility was granted for.
i. Third Party Borrowing: Borrow from any source or charge any property until the Borrower(s)’s dues payable to HHFL are paid
in full.
j. Cancellation or modification of Sale Deed: Enter into any agreement for cancellation of/cancel the Sale deed/Agreement to Sell
and/or modification of/modify the sale deed/agreement to sell entered into by the Borrower(s) for the purchase of the Property.
k. Utilisation of Loan: Utilise the Loan or the Security for any speculative or anti-social or illegal purpose or a purpose other than
that stated with Loan Application.
l. Let out, Lease, Leave and License: Let out, lease or give on leave and license or otherwise howsoever part with the possession/
use of the Security or any part thereof.
m. Alienation: Sell, charge, lease, surrender or otherwise howsoever alienate or transfer or create interest in favour of another
person in the Security or any part thereof or permit any charge, encumbrance or lien of any kind whatsoever over the such Security.
n. Agreements and Arrangements: Enter into any agreement or arrangement with any person institution or local or government
body for the use, occupation or disposal of the Security or any part thereof.
o. Change in Partnership: If the Borrower(s) is a Partnership firm, dissolve or admit new partners in the partnership.
p. Change in LLP: If the Borrower(s) is LLP, dissolve or admit new partners in the partnership.
q. Contract with Affiliates: Carry out any transaction with an affiliate and/or any group company, which would result in a Material
Adverse Effect. The Borrower(s) shall carry out all transactions with its affiliates and/or its group companies on arm’s length basis.
r. Subject the Security or any part thereof to any family arrangement or partition or convert the Security as part of HUF property or
execute any power of attorney or other similar deed in favour of any other person to deal with such Security in any manner.
s. In case the Borrower(s) being a Company:
i. permit any change in the ownership or control of the Borrower(s) whereby the effective beneficial ownership or control of the
Borrower(s) shall change in any manner whatsoever, without the prior written consent of HHFL;
ii. make any amendments in the Borrower(s)’s Memorandum and Articles without the prior written consent of HHFL;
iii. declare any dividend if any instalment towards principal or interest remains unpaid on its Due Date.
t. Wilful Defaulters List: In case the Borrower(s) is a Company incorporated under the Companies Act 1956/ 2013, such Borrower(s)
hereby undertakes that it shall not induct on its board a person whose name appears in the list of Wilful Defaulters and that in case,
such a person is found to be on its board, it would take expeditious and effective steps for removal of the person from its board.
u. Merger and Amalgamation: If the Borrower(s) is a Company or partnership firm, decide or enter into any scheme of merger,
amalgamation, compromise or reconstruction without the prior written consent of HHFL.
v. In case of the Borrower(s) being a trust, make any disbursements to any of its beneficiaries, as also to make any distributions
of the trust property/trust fund or any part thereof, to any of its beneficiaries. Any disbursements/distribution or payment made
contrary to this Article 5.2(v) shall be void and the Lender shall be entitled to assail the same and require the trustee/beneficiaries
to reverse such disbursement/distribution.
w. Economic Interest: in the event the Borrower derives any economic interest from the Subject Property, directly or indirectly, with
or without prior written permission from HHFL, then HHFL will have the first right over proceeds or any benefits arising out of or
accruing from such economic interest.
5.3 Information Covenants
The Borrower(s) shall forthwith inform/supply to HHFL, upon occurrence of any of the following events:
a. Any event which has or might cause any potential default under the terms of any Agreement entered into by the Borrower(s), in
relation to its business or for the purpose of availing any of the Indebtedness.
b. The Borrower(s) shall promptly inform HHFL, if the Borrower(s) receives any notice of any litigations being initiated against the
Borrower(s) or any notice threatening to initiate any litigation against the Borrower(s) or if a receiver is appointed or is to be
appointed in respect of any of their properties or business or undertaking including without limitation the Property.
c. The Borrower(s) shall promptly inform HHFL in writing of the occurrence of any event which constitutes (or with giving of notice,
lapse of time, would be likely to constitute) an Event of Default specifying the nature of such event and the steps the Borrower(s)
is proposing to remedy the same.

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d. The Borrower(s) shall promptly inform HHFL of any notice received by the Borrower(s) purporting to cancel or alter the terms of
any insurance contract taken for the Property.
e. The Borrower(s) shall promptly inform HHFL in writing of the happening of or any happenings likely to have a Material Adverse
Effect on the Borrower(s) or on the ability of the Borrower(s) to repay the Loan or on the Property, with an explanation of the
reasons thereof and the steps taken (if any) to remedy the same or which might adversely affect any of the Security Provider(s) or
its ability of perform its obligations under the relevant Security Document(s).
f. The Borrower(s) shall promptly inform HHFL in writing of any loss or significant damage which the Borrower(s) may suffer or
have suffered due to any risk or event against which the Borrower(s) may not have/have not (as applicable) insured its properties
including without limitation, the Property.
g. The Borrower(s) shall provide to HHFL such information as HHFL shall require as to all matters relating to the business, financials,
property and affairs of the Borrower(s).
h. The Borrower(s) shall promptly inform HHFL in writing regarding any communications received from any government authority to
acquire compulsorily the Borrower(s), any of the Property or any part of the Borrower(s)’s business or assets.
i. If HHFL is obliged for any reason to comply with “know your customer” or similar identification procedures in circumstances
where the necessary information is not already available to it, the Borrower(s) shall, promptly on the request of HHFL, supply (or
procure the supply of) such documentation and other evidence as is requested in order for the Lender to carry out, and be satisfied
that it has complied with, all necessary “know your customer” or other similar checks under all applicable laws in relation to the
transactions contemplated in the Transaction Documents.
j. The Borrower(s) shall inform HHFL prior to undertaking any of the activities as mentioned below by giving atleast 15 (fifteen) days
prior notice:
i. Apply for a voluntary winding up
ii. Substantially change its accounting policies, change its practice with regard to remuneration of Directors by means of ordinary
remuneration or commission, or sitting fees, except where mandated by any legal or regulatory provisions.

6. REPRESENTATIONS AND WARRANTIES

6.1 The Borrower(s) hereby represents, warrant and undertakes to HHFL as under and further undertakes that each of the below
mentioned representations and/ or warranties hold true as on the Execution Date as well as on each day during the Term of this
Agreement:
a. Clear and Marketable Title: The Borrower(s) assures HHFL that the Borrower(s) has absolute clear and marketable title to the
Property and that the Property is absolutely unencumbered and free from any liability whatsoever.
b. Possession: The Borrower(s) shall continue to remain in occupation/ possession of the Property and shall not part with the
possession thereof either partly or wholly until the entire Loan with interest and other charges has been repaid to HHFL.
c. Disclosure of Facts: The information given in the Loan Application form and end use of funds letter and any prior or subsequent
information provided or explanation furnished to HHFL in this behalf are true, complete and accurate in every respect.
d. Confirmation of Loan Application: The Borrower(s) has disclosed/furnished all facts/information to HHFL in respect of the Loan
and all information in the Loan Application or in any supporting documents or otherwise howsoever is absolutely true, correct and
complete in all respects and that no fact or information necessary to be furnished by the Borrower(s) has been omitted to stated
in order to induce HHFL to provide the Loan.
e. Purpose of the Loan: The Loan shall be utilized solely for the purpose for which the Loan is taken and the Loan is not taken for
illegal, speculative or nefarious objective.
f. Disclosure of Material Change/Defects in the Property:
i. The Borrower(s) assures that subsequent to the application there has been no material change, which would affect the
acquisition of the Property/construction of a dwelling unit on the land comprising the Property or the grant/provision of Loan
by HHFL to the Borrower(s).
ii. The Borrower(s) is not aware of any document, judgement or legal process or other charges or of any latent or patent defect
affecting the title of the Property or of any material defect in the Property which has remained undisclosed and/or which may
affect HHFL prejudicially.
g. Public Schemes affecting the Borrower(s)’s Property: The Property is not included in or affected by any of the schemes of
Central/ State Government or of the improvement trust or any other public body or local authority or by any alignment, widening
or construction of road under any scheme of the Central/State Government or of any Corporation, Municipal Committee, Gram
Panchayat etc. The Borrower(s) hereby declares and confirms that the Property has been constructed in strict accordance with
the building plans that have been approved/sanctioned by the Municipal Corporation or in accordance with the building by laws.
h. Due Payments of Public and other demands: The Borrower(s) has paid and will pay when due, all public demands such as
Income Tax, Property Taxes and all the other taxes and revenues payable to the Government of India or to the government of any
State or to any local authority and that at present there are no arrears of such taxes and revenues due and outstanding.
i. Verification of Documents: The Borrower(s) confirms that the true copies of the documents submitted for the purpose of the
Loan are genuine. HHFL may at any time, call for or require verification of originals of any/all such copies. Any such copy in
possession of HHFL shall be deemed to have been given only by the Borrower(s).
j. Litigation: The Borrower(s) confirms that there is no action, suit, proceedings or investigation pending or to the knowledge of the
Borrower(s), threatened, by or against the Borrower before any Court of law or any government authority or any other competent
Authority which might have a Material Adverse effect on the financial and the other affairs of the Borrower(s) or which might put
into question the validity or performance of this Agreement or any of its terms and conditions.

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k. Due Care and Caution: The Borrower(s) agrees, confirms and acknowledges that the Borrower(s) has exercised due care and
caution (including, where necessary, obtaining of advise of tax/legal/accounting/financial/other professionals) prior to taking of the
decision, acting or omitting to act, in respect of financing and/or the Property and further agrees, confirms and acknowledges that
HHFL is not responsible for any delay in construction/giving of possession /completion of the Property including where HHFL may
have approached /sanctioned or otherwise provided by the Borrower(s) any information in respect of the builder/developer/seller
of the Property.
l. Contract for sale: That the contract for sale with the vendor is valid and subsisting.
m. Violation of Covenants: The Borrower(s) does not violate any covenant, conditions or stipulations under any existing Agreements
entered into by the Borrower(s) with any party, by availing the Loan from HHFL.
n. Necessary Approvals: The Borrower(s) assures that all the necessary approvals and clearance required for availing the Loan
and creating the security/securities have been obtained or shall be obtained.
o. Infringement of Local Laws: The Borrower(s) assures that no suit is pending in the Municipality, Magistrate’s Court or any Court
of Law in respect of the Property nor has the Borrower(s) been served with any notice for infringing the provisions of the Municipal
Act or any other Act relating to local bodies or Gram Panchayats or Local authorities or with any other process under any of these
Acts.
p. Charges and Encumbrances: The Borrower(s) hereby represents and warrants to HHFL that the Property over which the
mortgage is proposed to be created hereinbefore expressed to be granted, conveyed, assigned, transferred, assured and charged
are the absolute properties of the Borrower(s) and they are free from any mortgage, charge or encumbrance and are not subject
to any lis pendens, attachment or other process issued by any Court of law.
q. Rules prescribed by HHFL: The Borrower(s) shall keep himself acquainted with the rules prescribed by HHFL, in force from time
to time.
r. The Borrower(s) hereby confirms that no proceedings or no actions have been initiated against the Borrower(s) under IBC.
s. The Borrower(s) is entitled and empowered to borrow the Loan, provide the security documents, execute the promissory notes
if any and all other documents and papers in connection with and upon execution of the same will create legal and binding
obligations on the Borrower(s) and shall be enforceable in accordance with their respective terms.
t. All contracts entered into by the Borrower(s) with their respective affiliates and/or its group companies are on arm’s length basis
and all terms of such contracts are in accordance with the acceptable commercial practices.
u. In case of the Borrower(s) being an HUF, the subject matter of this Agreement and entering into the Obligation hereunder or
pursuant hereto including the borrowing of the Loan under this Agreement and the purpose thereof as also creating of security
over the assets for securing inter alia, the Borrower(s)’s dues, is for legal necessity and/or benefit of estate of HUF.
v. In case of the Borrower(s) being HUF, either all the adult members/co-parceners of HUF have signed/executed and delivered
this Agreement and other transaction documents or the Karta has the full authority from all the adult members to (for and on
behalf of the HUF as also on their behalf in personal capacity) to sign, execute and deliver this Agreement and other Transaction
Documents, and to enter into the obligations mentioned thereunder and pursuant thereto and the Karta has accordingly signed,
executed and delivered this Agreement and other Transaction Documents for and on behalf of the HUF as well as the behalf of
the Karta and each of the members/co-parceners of HUF in their personal capacity.
w. Where the Loan is provided to more than one Borrower(s) or where the payment obligations are secured by any guarantee
or Security, notwithstanding anything therein stated, the liability of the Guarantor(s) and one or more of such Borrower(s) to
repay the Borrower’s Dues and to observe the terms and conditions of this Agreement, is, and shall remain, joint and several.
The Borrower(s) obligations under this Agreement are separate from his/her/their obligations under any other arrangement the
Borrower(s) has entered into with HHFL and the obligations of any Guarantor of the Loan. In case of the Borrower(s) being HUF,
the Karta and each of the other member(s) of the HUF, shall in addition to the HUF be personally and fully liable on a joint and
several basis, to HHFL, for the Borrower(s)’s dues and for performance of the obligations of the Borrower(s) under this Agreement
and other Transaction Documents.
x. The Credit Information is true and accurate in all material respects, is not misleading and does not omit any material details, the
omission of which would make any fact or statement therein misleading and the Credit Information shall be deemed to form part
of the warranties herein contained.
y. The Borrower(s) does not violate any covenant, conditions or stipulations under any existing agreements entered into by the
Borrower(s) with any party, by availing the Loan from HHFL.
z. All acts, conditions and things required to be done, fulfilled or performed, and all authorisations required or essential, for the entry
and delivery of this Agreement have been fulfilled, done, obtained, effected and performed and are in full force and effect and no
such authorisation has been or is threatened to be revoked or cancelled.
aa. This Agreement has been validly executed and any addendum/supplemental agreement to the main Agreement or each contract
document constitutes or will constitute, when executed, legal, valid and binding obligations of the Borrower(s) enforceable in
accordance with their respective terms.
ab. Nothing in this Agreement conflicts with any law, regulation or bye law of the Central or a State Government or any local or
revenue/ tax or statutory authority or any such other authority, which is binding on the Borrower(s) and the Borrower(s) hereby
undertakes and confirms that in the event HHFL suffers or incurs or is put to any costs, charges, expenses, penalties, claims,
demands and/ or damages by reason of entering into this Agreement with the Borrower(s) or by acting in pursuance of this
Agreement because of the Borrower(s) or HHFL thereby violating or infringing any such law, regulation or bye law, the Borrower(s)
shall, forthwith on demand by HHFL and without any demur, protest or default pay/ reimburse to HHFL all such costs, charges,
expenses etc. so incurred or suffered by HHFL..
ac. The Borrower(s)’s obligations under this Agreement and the contract documents will constitute private and commercial acts done
and performed for private and commercial purposes and the Borrower(s) will not be entitled to claim immunity for themselves

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or any of their assets from suit, execution, attachment or legal process in any proceedings in relation to this Agreement or the
contract documents.
ad. The Borrower(s) has not taken any other Loan, advance, facility or debt of any nature whatsoever from HHFL / any other financial
institutions / banks / lender and if taken, the same has been disclosed correctly and the Borrower(s) is not a Guarantor or given
any security to any Loan, advance, facility or debt of any nature whatsoever granted by HHFL / any other financial institutions /
banks / lender to any other person(s) and if given, the same has been disclosed correctly.
ae. There is no charge, lis pendens, lien or other encumbrance or legal dispute of any nature on the Borrower(s) or the whole or
any part of the Property offered as the Security. The Borrower(s) has a clear and marketable title to the Property offered as the
Security.
af. The Borrower(s) has verified the original title deeds at the office of the builder /developer /society /association /company and made
necessary inquiries/ searches at concerned government offices in respect of the Property purchased by the Loan amount. The
Borrower(s) has disclosed to HHFL all facts relating to the Property purchased by the Loan amount.
ag. That the Property purchased by the Loan amount is not included in or affected by any of the schemes of any competent authority
or by any alignment, widening or construction of road under any scheme of any competent authority.
ah. The Agreement for sale/ sale deed/ deed of transfer of the Property purchased from the Loan amount between the Borrower(s)
and the builder/developer or as the case may be, Vendor is valid and subsisting and the plan and required permissions for
Construction has been taken in time.
ai. The Borrower(s) shall keep himself acquainted with the rules (if any) prescribed by HHFL in force from time to time including the
rules decided by HHFL at its sole discretion in respect of the matters relating to Dual Rate of Interest.
aj. That the Borrower(s) is a major and is of sound mind (where a / the Borrower(s) is an individual); (ii) is a body corporate duly
constituted and incorporated under the laws of India (where a / the Borrower(s) is a company incorporated under the Companies
Act, 1956 or any other body corporate); (iii) is a partnership firm within the meaning of the Indian Partnership Act, 1932 comprising
of the persons mentioned in Schedule A as partners (where a / the Borrower(s) is a partnership firm); and is competent to contract
and enter into and perform his/her/its obligations under this Agreement.
ak. That the Borrower(s) has paid and will pay when due all public demands such as income tax, property taxes and all other taxes
and revenues payable to the government or any local body/authority. There are no proceedings pending against the Borrower(s)
or any of the Borrower(s)’s properties under the provisions of the Income Tax Act, 1961.
al. That the Borrower(s)(s) is/are having enough capacity to take this Loan and re-payment thereof as per this agreement and own
the Property, due to good current financial capacity and inflow of funds only, either individually or jointly.
am. That the Borrower(s) is not party to any litigation, of a material character and the Borrower(s) is not aware of any facts likely to
give rise to such litigation or material claims against the Borrower(s) and the Property is not subject to any suit or litigation either
before the Municipal Magistrate’s Court or before any other court of law.
an. That until any monies are due or outstanding under this Agreement, the Borrower(s) shall ensure that all insurance policies
procured in accordance with this Agreement are valid, subsisting and operating by complying with the terms of issue of such
insurance policies. The Borrower(s) also represent that, while taking the insurance policies, they have read and understood the
terms of these Insurance Policies and have checked and verified all the important terms including the terms such as name/s of
the insured, nature of and purpose of the insurance policy/ies, premium amount, date of birth of the insured, details of beneficiary,
nominees, sum assured etc. The Borrower(s) also represent that they have obtained / will obtain insurance policy/ies with their
free will and consent and for their own benefit and there is/was no undue pressure or coercion or misrepresentation on the part
of HHFL.
ao. That, in case of availment of a subsidy/ benefit by the Borrower(s) under any of the Government schemes including Pradhan
Mantri Awas Yojna (collectively referred to as “Govt. Scheme’), the Borrower(s) hereby represent and warrant that they have
checked and verified all norms, criteria, ingredients, conditions, etc. in respect of their financial income and in respect of the
Property, to avail the benefit/ subsidy under the Govt. Scheme and are meeting each of the norms, criteria, ingredients, conditions
of the Govt. Scheme to avail the benefit/ subsidy under the Govt. Scheme. The Borrower(s) also state and warrant that they will
comply and fulfil the subsequent conditions of the Govt. Scheme and submit the report/ certificate to HHFL, as may be required,
within the stipulated time. The Borrower(s) further state, declare, represent, acknowledge and warrant that, upon non-compliance
of any conditions of the Govt. Scheme or if NHB or any agency authorised by the Government or the Government withdraws/
recalls/ instructs to return the benefit/ subsidy during the tenure of the loan or after its closure/foreclosure, the Borrower(s) shall
have to refund the entire benefit/ subsidy with or without the total loan outstanding as the case may be, together with penal interest
if any and / or, charges etc. to HHFL within 7 (seven) days of the notice served to the Borrower without any protest or demur.
If Borrower(s), without prejudice to the other rights and remedies available to HHFL, does not pay the benefit/ subsidy amount
together with the interest and charges as applicable, HHFL shall have rights to recall the Loan, if the Loan is continuing and
take any such legal recourse, as it may deem fit against the Borrower to recover of the Loan Outstanding as well as the Subsidy
Amount in terms of this Agreement. In case the Loan Account is closed on account of foreclosure or repayment, HHFL shall have
rights to initiate such other legal recourse, as it may deem fit, against the Borrower(s) to recover the Subsidy Amount together
with interest and charges, including obtaining post dated cheques at the time of processing of Loan under the Govt. Scheme. In
such an event, the unpaid subsidy amount with interest and charges, for the purpose of this agreement, shall be construed to
be the Dues / Indebtedness of the Borrower(s) and the Security provided by the Borrower(s) shall continue to secure such Dues
and Indebtedness and HHFL shall be entitled to withhold all or any of the Security for a further period of 8 (eight) years or till the
payment of the Dues / Indebtedness is made to HHFL whichever takes place earlier.
ap. The Borrower shall check and verify, before applying for the Loan to HHFL, if he / she / they are eligible for the benefit/ subsidy
under any of the Govt. Scheme. The Borrower shall also check and verify, the title, construction of the Property for the eligibility of
the benefit/ subsidy under such Govt. Scheme.

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aq. All representations and/ or warranties of the Borrower(s) in this Agreement shall be deemed to be repeated by the Borrower(s) on
every day from the date of this Agreement until the said Dues are paid to HHFL in full; and the Borrower(s) will forthwith inform
HHFL in the event of any representation or warranties being or becoming untrue or incorrect on any day or at any time.
ar. The Borrower(s) hereby represents that the documents submitted by the Borrower(s) or obtained by HHFL in relation to this
Agreement for requirements of HHFL as prescribed by the regulatory authority concerned or any other Governmental Agencies,
for time to time are true, correct and valid.
7. EVENT OF DEFAULT AND REMEDIES OF HHFL
7.1 Events of Default
If one or more of the events specified in this Article (hereinafter called “Event of Default ”) shall have happened, then HHFL by
a written notice to the Borrower(s) may declare that the Borrower’s Dues including the principal, all accrued interest and all other
amounts payable by the Borrower(s) shall become payable forthwith by the Borrower(s) to HHFL under or in terms of this Agreement,
and upon such declaration the same shall become due and payable forthwith and the Security, if any, created in favour of HHFL for
the Loan shall become enforceable. The Borrower(s) hereby expressly agrees and acknowledges that HHFL upon the occurrence of
any Events of Default as specified hereinbelow, shall be entitled to levy/charge such amounts as it may in its sole option and discretion
think fit, on the amounts due and payable under the aforesaid Loan Facility.
a. Non Payment of Dues: If the Borrower(s)’s Dues or any part thereof is not paid and/or repaid to HHFL on the respective Due
Dates for such amount(s).
b. Representations and Warranties: If any representations and/ or warranties or statements or particulars made in the Borrower(s)’s
proposal / Application herein are found to be incorrect or the Borrower(s) commits any breach or default in performance or
observance of this Agreement or any documents creating Security or fail to keep or perform any of the terms or provisions of any
other agreement between HHFL and Borrower(s) in respect of this Loan.
c. Performance of Covenants: If default shall have occurred in the performance of any covenants and conditions, on the part of
the Borrower(s) under this Agreement.
d. Attachment or Distraint on Property:If an attachment or distraint is levied on the Property or any part thereof and/or proceedings
are taken or commenced for recovery of any dues from the Borrower(s) against the Property.
e. Notice to HHFL on the happening of an Event of Default: If the Borrower(s) fails to inform the Lender of the occurrence of any
Event of Default or any event which after the notice or lapse of time, or both, would become an Event of Default. Such notice of
occurrence of an Event of Default shall be provided by the Borrower to HHFL not later than [insert time period ] from the date of
occurrence of the event.
f. Cheque is dishonoured: If a cheque in respect of any Monthly Instalment is not paid on the Due Date or where any such Cheque
is renewed before the date of its payment; or if a cheque in respect of any payment including but not limited to Monthly Instalment
is dishonoured.
g. Failure to furnish ACH mandates/Electronic Transfer/SI etc.: If the Borrower(s) fails to deliver ACH mandates/Electronic
Transfer/ SI in accordance with the terms of the Loan or as and when demanded by HHFL.
h. Failure to create Security: If the Borrower(s) fails to create Security as required by HHFL.
i. Fraud by the Borrower(s) / Wilful Default: If the Borrower(s) or Security Provider(s) acts fraudulently or dishonestly.
j. Non-payment through direct instruction/ACH mandate/: Where the Borrower(s) has accepted payment of due amounts
through direct deduction from salary or direct debit from his bank account or through electronic fund transfer and any such
payment is not received or honoured or cleared.
k. Alienation of Security/Property: If the Property for which Loan is availed and/or the Security or any part thereof is let out, given
on leave and license, disposed off, leased, charged, encumbered, used for commercial purpose or otherwise alienated in any
manner whatsoever without the prior written permission of HHFL.
l. Depreciation of Security: If there is any deterioration or impairment of any of the securities created, including the Security, or
any part thereof or any decline or depreciation in the value or market price thereof (whether actual or reasonably anticipated),
which causes the Security in the judgment of HHFL to become unsatisfactory as to character or value and no additional Security
is created by the Borrower(s) to the satisfaction of HHFL within the timelines specified by HHFL.
m. Security becoming unenforceable: if any Security or Guarantee to the Loan or underlying the Loan becomes unenforceable or
infructuous or is challenged by any person.
n. Insolvency: The insolvency, winding up, failure in business, commission of an act of insolvency, general assignment for the
benefit of creditors, if the Borrower(s) suspends payment to any creditors or threatens to do so, filing of any petition in bankruptcy
of by, or against the Borrower(s) or filing up of any petition for winding up / insolvency of the Borrower(s) and not being withdrawn
within 30 (thirty) days of being admitted.
o. Divorce or Death: Where any of the Borrower(s) or Guarantor is divorced or dies or becomes a lunatic and the other surviving
Borrower(s) is incapable of securing the Loan in the sole opinion of HHFL. Further, if the Borrower(s) dies and the legal heirs,
successors, assigns of the Borrower(s) do not or otherwise for any reason whatsoever fail to execute a supplementary agreement,
in the format acceptable to HHFL, within the time as may be stipulated by HHFL in its sole discretion, agreeing to substitute
themselves in place of the deceased Borrower(s).
p. Inability to repay the Loan: if there is reasonable apprehension that the Borrower(s) or the Guarantor are unable to pay their
debts whether in part or in full or either of the Borrower(s) or the Guarantor has admitted its inability to pay its debts, as they
become payable.
q. Change in Financial Position: if the Borrower(s) or the Guarantor suffers any Material Adverse Effect on the Borrower(s)’s
financial condition or profits or business and of any material change in the Borrower(s)’s business.

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r. Legal conviction: if the Borrower(s) or the Guarantor is convicted under any criminal law in force.
s. If the Borrower(s) or Guarantor does any act which may affect the Property for which Loan is availed and/or the Security or the
value of such Property and/ or Security.
t. If the Property for which Loan is availed and/or the Security is:
i. destroyed beyond repair for any reason whatsoever; or
ii. used for any illegal or unlawful purposes; or
iii. attached or seized or becomes a part of any other legal proceeding.
u. Cross default: If the Borrower(s) or Guarantor has made a default under any loan/ finance obtained by the Borrower(s) or the
Guarantor either under this Agreement or under any other agreement with HHFL.
v. Supply of misleading information: If any information given by the Borrower(s) in relation to the Loan Application and/or
Transaction Documents or otherwise is found to be misleading or incorrect in any material respect or any representation or
warranty referred to in this Agreement is found to be incorrect.
w. Failure to furnish information/documents: If the Borrower(s) fails to furnish any information/documents, as required by HHFL.
x. If any litigations or proceedings (including arbitration or conciliation proceedings) are initiated against or orders or decrees are
passed against or notice are received by the Borrower(s) or the Guarantor.
y. Failure to deliver balance information: If the Borrower(s) fails to sign and deliver to HHFL the balance confirmation of the
Loan as and when so required by HHFL in the absence of any manifest error in calculation of such statement pointed out by the
Borrower(s) within 15 (fifteen) days after receiving the balance confirmation statement from HHFL.
z. Change in employment/business: There is any change in the terms or place of employment or business of the Borrower(s) or
the Guarantor and the same is not informed to HHFL.
aa. Criminal Conviction: The Borrower(s) or Security Provider acts fraudulently or dishonestly.
ab. Infructuous Security: If any security of the Loan becomes infructuous or is challenged by the Borrower(s) or any other Person.
ac. Short Payment: Where the Borrower(s) falls short of payment required to be made by the Borrower(s) with respect to the amount
due from the Borrower(s) to HHFL.
ad. Change in Management Control: There is any change in the constitution, management or existing ownership or control of share
capital of the Borrower(s) (in case the Borrower(s) is a company or partnership firm).
ae. Inability of pay debts: Where the Borrower(s) and/or the Security Provider is an individual, if the Borrower(s) and/or the Security
Provider, as the case may be, commits an act of insolvency or makes an application for declaring himself an insolvent or an order
is passed against the Borrower(s) and/or the Security Provider, declaring him/her an insolvent/ Where the Borrower(s) and/or the
Security Provider is a partnership firm, if the Borrower(s) and/or the Security Provider, is dissolved or a notice of dissolution is
given to it or any of its partners or if the Borrower(s) and/or the Security Provider or any of its partners commits an act of insolvency
or makes an application for being declared insolvent or an order is passed declaring it or them or any of them an insolvent/ Where
the Borrower(s) and/or the Security Provider is a company, if the Borrower(s) and/or the Security Provider is unable to pay its
debts within the meaning of section 271 of the Companies Act, 2013 or a resolution for winding-up of the Borrower(s) is passed
or any petition for its winding-up filed or any order for winding-up is made against the Borrower(s) or if a liquid at or is appointed
in respect of any property or estate of the Borrower(s).
af. Withdrawal of Permission/Authorization: If any permission, authorization, issued by the government authority (ies) with respect
to Construction and/or legality of the Property is withdrawn or cancelled or withheld for any reason whatsoever.
ag. The Borrower(s) and/or the Security Provider has become the subject of proceedings, demand notice or any action initiated by any
Person under any bankruptcy or insolvency law including under the IBC.
ah. There exists any other circumstance, which in the sole opinion of HHFL is prejudicial to the interest of HHFL.
ai. If the Borrower(s)/Security Provider being a partnership firm, has any steps taken by the Borrower(s)/Security Provider or its
partners for dissolution of the partnership.
aj. the Borrower(s)/Security Provider being a LLP, has any steps taken by the Borrower(s)/Security Provider or its partners for
dissolution of the partnership.
ak. If the Borrower(s)/Security Provider acts/or desists from acting in any manner which will jeopardize the security or the
powers vested in HHFL under the Power(s) of Attorney from being exercised solely by HHFL (acting through its Authorized
Representatives).
al. Conditions precedent to Disbursement: Where the Loan disbursement is to be in tranches, the Borrower(s) fails to fulfil the
conditions precedent stipulated in this Agreement or any schedule hereto or in any other communication, prior to the date of
disbursement of each of the tranches (or such extended period as may be permitted by HHFL).
am. If the Borrower(s) (being a Company) goes into restructuring, compromise, arrangement, scheme, liquidation for the purpose of
amalgamation or merger or demerger, except with prior written approval of HHFL.
an. If a Receiver is appointed in respect of the whole or any part of the Property /assets of the Borrower(s).
ao. If the Borrower(s) ceases or threatens to cease or carry on its business.
ap. If it is certified by an accountant of a firm of accountants appointed by HHFL (which HHFL is entitled and hereby authorised to do
so at any time) that the liabilities of the Borrower(s) exceed the Borrower(s)’s assets or that the Borrower(s) is carrying on business
at a loss.

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7.2 Notice on the happening of an Event of Default

a. HHFL shall have the right to stop further disbursement of the Loan at any time if HHFL is of the opinion that as a result of change
in circumstances there has been a Material Adverse Effect on the Borrower(s)’s financial condition or profits or business and of
any material change in the Borrower(s)’s business. HHFL may, at the request of the Borrower(s), in its sole discretion, amend the
schedule of disbursement by either increasing the period over which disbursements may be made by HHFL or by reducing the
same, subject to fulfilment by the Borrower(s) of such additional conditions as HHFL may stipulate in this regard. HHFL shall be
entitled to disburse monies under this Agreement based on certification/ intimation of completion of the additional conditions from
the builder, contractor, developer or other person, as the case may be.
b. On the occurrence of any event of default, HHFL shall serve notice on the Borrower(s), specifying the event(s) of Default and
providing the Borrower(s) with reasonable time to rectify such events(s) of default, if the event of default is capable of being
rectified. The Borrower(s) hereby unconditionally agree that any failure of the Borrower(s) to rectify such default would constitute
an Event of Default as specified in Clause 7.1 above of this Agreement and the Borrower(s) shall forthwith after notice or lapse
of time mentioned in the notice for the purposes of rectification of the default be entitled to the remedies specified in Clause 7
hereof. Nothing hereunder shall prejudice the obligation of the Borrower(s), to inform HHFL of happening/occurrence of any Event
of Default. Immediately upon coming to knowledge/ notice of occurrence of an Event of Default, HHFL shall be entitled to cancel
all undrawn part of the Loan, sanctioned but not disbursed to the Borrower(s).
c. On the expiry of the period of notice, the Loan shall immediately stand repayable by the Borrower(s) to HHFL and in such case
7 (seven) days it shall be the obligation of the Borrower(s) to immediately repay the Dues to HHFL and in no event, later than
from the date of expiry of the period of notice. In the alternative, HHFL, in its sole and absolute discretion, may be entitled to
Reschedule the Repayment and require the Borrower(s) to pay higher equated monthly instalments repayment than the EMIs
(as defined hereinbefore) and upon receipt by the Borrower(s) of such demand, such higher monthly instalment shall become
payable, with effect from the time mentioned in the notice or in absence of any such mention, from the date of such notice. In case
of default by the Borrower(s) to repay the Dues as per the mechanism set out hereinabove, HHFL shall be entitled to, without
prejudice to the other rights and remedies available to HHFL, under this Agreement and in law, to enforce Security created by
the Borrower(s) in favour of HHFL in terms of this Agreement. In addition, HHFL may prescribe the Penal Interest, which shall
immediately be payable on the overdue amounts by the Borrower(s) to HHFL on account of delay.
d. If any Borrower's Dues remain overdue (wholly or partly), Borrower loan account shall reflect the asset classification (SMA/NPA)
status of an account at the day-end of that calendar date as per the prevailing classification norms. Loan accounts classified as
'NPAs' may be upgraded as 'Standard' asset only if entire arrears of Borrower's Dues are paid by the Borrower.
e. Upon the Security becoming enforceable, HHFL shall, without prejudice to its other rights and remedies, be entitled to and shall
after issuing a notice, have absolute power and authority to use its discretion to repossess, sell and dispose off the Security or
any part of the same by private treaty, without (as far as may be) the intervention of the Court, in accordance with the remedies
available under and subject to the applicable law including but not limited to under the SARFAESI, as and when HHFL may, in
its absolute discretion, deem fit and to apply the net proceeds of such sale in satisfaction so far as the same will extend towards
liquidation of the Loan. The Borrower(s) hereby agrees and undertakes not to raise any dispute as to the value at which the
Security is transferred by HHFL and the decision made by HHFL shall be final and binding on the Borrower(s). HHFL shall not be
liable for any loss arising due to the sale or transfer of the Security under this Article.
f. HHFL may also terminate this Agreement at any time after the expiry of the period of notice. In addition, HHFL shall have the Right,
in its sole and absolute discretion, and without limitation to any other right or remedy available to HHFL, to assume and take over
the position of the Borrower in any of its third party agreements and enable collections therefrom that would otherwise accrue to
the Borrower; for example, taking position of a landlord where the Borrower has rented the property to a tenant. If HHFL so elects
to assume the rights originally assigned to the Borrower, to the extent requested by HHFL in writing, the Borrower shall assign to
HHFL accruals from any or all third party agreements. In such event, the Borrower shall transfer control to HHFL or its designee
of the Premises/ subject matter of the agreement and cooperate with HHFL to ensure a smooth and orderly transition thereof that
will not involve any disruption of payments being made to HHFL thereafter.
g. Notwithstanding any cancellation or termination pursuant to the provisions of this Article, all the survival provisions of this
Agreement shall continue in full force and effect as herein specifically provided mutatis mutandis till such time as the Loan Amount
is repaid by the Borrower(s), to the satisfaction of HHFL.
h. Notwithstanding anything contained in Clause 7.2 (b) and (e) above, no notice prior to sale/ disposal of the Security will be required
to be given by HHFL to the Borrower(s) and the Borrower(s) expressly waives the right to receive the notice, in the event of the
happening of any of the following:
i. Change in Borrower(s)’s place of residence without intimation to HHFL; or
ii. Where the Borrower(s) is in contravention of any law; or
iii. Where the Borrower(s) has availed the Loan fraudulently from HHFL or any statement or representation made by the
Borrower(s) to HHFL is false or incorrect; or
iv. The Borrower(s) has contravened the terms of the Loan or the terms hereof; or
v. The Security acquired by the Borrower(s) under this Agreement is in possession of a third party; orvi. Where any proceedings
for insolvency/winding up are initiated against the Borrower(s).
i. Any situation which, in the view of HHFL, may constitute an event of fraud or evasion by the Borrower(s)) including without
limitation (a) non availability of the Borrower(s) for any period of time and any suggestion made to HHFL by any neighbour of the
Borrower(s), other lenders and the likes, that the Borrower(s) is absconding; (b) the Borrower(s) has been avoiding payment to
its other lenders; or (c) the Borrower(s) has created third party rights/ encumbered the Security, without prior written consent /
approval of HHFL.
j. In addition to any other rights available to HHFL under this Agreement, HHFL shall be entitled to initiate criminal proceeding or any
other appropriate actions against the Borrower(s), if at any time the Lender at its sole discretion has sufficient grounds to believe
that the Borrower(s) has made any misrepresentations and / or submitted any forged documents or fabricated data to HHFL.
k. HHFL may take any action as it may deem fit for recovery of its dues and enforcement of any of its rights under the Transaction
Documents;

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l. All rights and powers conferred upon HHFL under this Agreement shall be in addition and supplemental to any rights that HHFL
has, as a creditor against the Borrower(s), under any law for the time being in force and security documents and shall not be in
derogation thereof.
m. The powers and the entitlements conferred herein are cumulative and nothing herein contained shall prejudice or affect any
general or special powers to which HHFL is or may be, by law or otherwise entitled.
n. Notwithstanding anything to the contrary contained in any of the Transaction Documents, upon the occurrence of following events:
i. Filing of any application by any Person against any of the Obligors or by Obligor itself, before any forum under the IBC, as
passing of any resolution of directors or of members or declaration of partners, for the purposes of/towards/recommending
filing of any proceedings or application for initiation of insolvency resolution process or fast track resolution process or voluntary
liquidation process or fresh start process or bankruptcy or any kind of insolvency/resolution/liquidation/bankruptcy process by
whatever name called in relation to any of the Obligors;
ii. Issuance of any demand notice by nay of the creditors including the operational creditors under section 8 of the IBC to
any of the Obligors demanding the payment of amount involved in default as mentioned therein or threatening filing of any
proceedings for initiation of the insolvency process;
iii. Any seizure, confiscation, possession of the Property or any part thereof or similar action or issuance of any notice thereof
or any notice in the nature of garnishee issued by any of the Authorities in relation to any of the Obligators or any of their
assets; or
iv. Any action or event which shall trigger initiation of any moratorium or standstill of any nature, whether by statutory operation
or otherwise under any Applicable Law, in relation to any of the Obligators or any of their assets;
the Borrower(s)’s Dues shall stand accelerated forthwith (unless expressly waived by HHFL in writing) without any further act, deed
or provision of notice by HHFL and HHFL shall be entitled to exercise all rights available to it under the Transaction Documents,
Applicable Law or otherwise in respect of such Event of Default including, without limitation, the enforcement of all Security
Interests created in favour of HHFL in respect of the Loan Facility.
7.3 MAKING GOOD ANY SHORTFALL
a. If the net sum realized through the sale/ transfer of Security is insufficient to cover the full amount of the amounts owed by the
Borrower(s), then without prejudice to the other rights and remedies of HHFL under this Agreement or in law, the Borrower(s)
agrees to pay to HHFL forthwith at HHFL’s demand such amount as will make up the shortfall and in no case, later than 7 (seven)
days.
7.4 AUTHORIZATION
a. The Borrower(s), notwithstanding anything to the contrary contained herein, hereby authorize HHFL to debit any operative account
of the Borrower(s) maintained with HHFL towards the repayment of the amounts under the aforesaid Loan Facility as and when
the same fall due. The Borrower(s) further confirm and declare that HHFL upon the occurrence of an Event of Default shall be
authorized to appropriate all or any payments made by the Borrower(s) or received by HHFL for or on account of or in the name
of the Borrower(s), in the manner decided by HHFL notwithstanding anything to the contrary contained in the Indian Contract
Act, 1872 or any other law for the time being in force or the Agreement or any other document/s executed by and between the
Borrower(s) and HHFL whether or not the recovery thereof has become due or time barred under any law of limitation for the time
being in force.
b. Upon the occurrence of any Event of Default, HHFL would be at liberty at its sole option and discretion to enforce the security
interest created in favour of HHFL hereunder or under any other security document(s) executed or to be executed in favour of
HHFL in accordance with the provisions of the Securitization and Reconstruction of Financial Assets and Enforcement of Security
Interest Act, 2002.
c. The Borrower(s) hereby ratify and confirm all the acts, things deeds performed or to be performed by HHFL or its nominee or its
substitutes in pursuance of any of the aforesaid powers contained in this Clause 7.2 and the powers hereby conferred shall not be
determined or affected by the fact of HHFL is acting personally or through any of its attorneys.
d. The powers conferred on HHFL pursuant to this Clause 7.2 shall subsist in favour of HHFL till all dues of the Borrower(s) to HHFL
are finally satisfied.

8. INDEMNIFICATION
a) Without prejudice to the other rights of the Parties under this Agreement or Applicable Law, the Borrower(s) undertakes to defend,
indemnify and keep HHFL and its officers/employees or any of its respective directors, officers, employees, representatives, attorneys,
associate and agents (each an “Indemnified Party”) fully indemnified and harmless from and against all the consequences of breach
of any of the terms, conditions statements, undertakings, representations and warranties of this Agreement as also of any of its
representations or warranties not being found to be true at any point of time, including any actions, suits, claims, proceedings, damages,
liabilities, losses, expenses (including fees, disbursements and other charges of counsel which may incurred by the Indemnified Party
in any action between the Borrower(s) and the Indemnified Party or between the Indemnified Party and the government authority or
between the Indemnified Party and any person) or costs faced, suffered, or incurred by any of the Indemnified Party (Collectively,
“Losses”) by reason of or in connection with this Agreement or under any of the Transaction Documents or any actions, or steps taken
pursuant thereto, including arising out of/ as a result of:
i. Any of the representations and/ or warranties given by the Borrower(s) under any of the Transaction Documents being false or
untrue or misleading;
ii. The Borrower(s) failing to comply with the provisions of any Applicable Laws and any other law for the time being in force;
iii. The Borrower(s) failing to take necessary action to protect the interest of HHFL and whole or any part of the properties including
the property;

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iv. Negligence or default on the part any of the Borrower(s) in complying with the provisions of this Agreement and the Transaction
Documents;
v. Any material Adverse Effect on the loan or the security created thereunder;
vi. Acting or relying on any event which it reasonably believes is an Event of Default;
vii. Investigating any event which it reasonably believes is an Event of Default;
viii. The occurrence of any Event of Default or any cause thereof;
ix. Any delay in payment of any sums payable or reimbursable by the Borrower(s) to HHFL under or pursuant to this Agreement and
the Transaction Documents;
x. Levy by any government authority of any charge, Tax or penalty in connection with regularizing or perfecting any of the
Transaction Documents as may be required under Applicable Law and any other law for the time being in force at any time until
the Borrower(s)’s Dues have been repaid in full to the HHFL, or getting any of the Transaction Documents admitted into evidence,
or relying on any Transaction Documents for proving any claim; and/or
xi. The exercise of any of the rights by the HHFL under this Agreement or under any of the Transaction Documents as a result of any
breach, non-performance of the Borrower(s) of any obligations under this Agreement or under any other Transaction Documents.
b) The Borrower(s) hereby accepts and acknowledges to have clearly agreed and understood that the indemnity would cover all acts
and/ or omissions on the part of the warranties and/or representations of the Borrower(s). Similarly, in the event of any claims being
made on HHFL on account of any breach of warranty, representations, non-compliance of any Applicable Law, unauthorized act, fraud,
deed or thing done or omitted to be done or undertaking made by Borrower(s) or its employees, agent, being false, the Borrower(s)
undertakes to pay forthwith on first demand being made by the HHFL of any amount on this account without any demur, reservation,
contest, protest whatsoever.
c) The Borrower(s)s doth hereby further undertakes to defend, Indemnify and hold harmless HHFL from all losses, damages, costs and
expenses including but limited to costs suffered by the HHFL in defending any suits, applications or proceeding against HHFL or any
of its officers, employees or agents that HHFL may suffer on account of any defect in the title of the Land or property mortgaged to
HHFL or by reason of any suit, application, proceeding, complaint filed by any third party for whatsoever reason.
d) The Borrower(s) undertakes to pay forthwith on demand to HHFL and in no case later than 30 (thirty) calendar days from the date
on which demand is being made by HHFL, all costs and expenses (including legal cost) on a full indemnity basis incurred and/or
to be incurred by HHFL for investigating of title to any property offered as Security and for the preparation, execution, preservation,
performance, enforcement and realization of the Borrower(s)’s Dues, Transaction Documents and other instruments creating and/or
evidencing the creation of any security for the Loan as also any other instruments required in connection with the Loan.
e) The Borrower(s) shall forthwith and not later than 30 (thirty) calendar days from the date receipt of any notice from HHFL in relation to
the aforesaid, pay over and make good to HHFL all the sums and amounts as may be claimed by HHFL. The Borrower(s) will be liable
to make such payments together with interest and Penal interest (if any) till such payments in full.
f) The Borrower(s) hereby acknowledges and agrees that communication through facsimile and email have inherent risk associated with
them and all such risk shall solely to the account of the Borrower(s). The Borrower(s) hereby agrees to indemnify the Indemnified Party
against any losses, damages, costs, charges, expenses, taxes sustained or incurred by them as a result of, or in connection with, or
arising out of any notice, communications exchanged between the parties through email and or facsimile in respect of the Transaction
Documents through email and/or facsimile.
g) The indemnification right of the Indemnified Party under this agreement are Independent of, and in additional to, such other rights
and remedies as the Indemnified Party may have at law or in equity or otherwise, including the right to seek specific performance,
rescission restitution or other injunctive relief, none of which right or remedies shall be affected or diminished thereby.

9. WAIVER
No delay in exercising or omission to exercise, any right, power or remedy accruing to HHFL under this Agreement upon any default under
this Agreement or any other document shall impair any such right, power or remedy nor shall be construed to be a waiver thereof or any
acquiescence in such default; nor shall the action or inaction of HHFL in respect of any default or any acquiescence by it in any default
affect or impair any right, power or remedy of HHFL in respect of any other default.

10. EFFECTIVE DATE

This Agreement though executed on the Execution Date shall be deemed to be effective from the Effective Date as specified in Schedule
A hereto and shall remain in force and effect until all the monies due and payable to HHFL under this Agreement between the Borrower(s)
and HHFL are fully paid to the satisfaction of HHFL.

11. SECURITISATION/ASSIGNMENT
HHFL shall, at any time, without any consent of or notice/intimation to the Borrower(s) be entitled to sell, assign, securitise or transfer
or discount HHFL’s rights and obligations under this Agreement and any Security in favour of HHFL (including all guarantee(s)) to any
person(s) of HHFL‘s choice in whole or in part and in such manner and on such terms as HHFL may decide. Any such sale, assignment,
securitisation or transfer shall conclusively bind the Borrower(s) and all other persons. Any cost in this behalf, whether on account of such
sale, assignment or transfer or enforcement of rights and recovery of outstanding and dues shall be to the account of the Borrower(s).
The Borrower(s) undertakes to pay to third parties the Loan outstanding to the extent assigned by the Lender to the third party and to the
Lender the portion of the Loan outstanding which has not been assigned by the Lender to the third parties. The Borrower(s) shall not be
entitled to directly or indirectly assign the benefit or obligation of this Agreement without the prior written permission of HHFL. HHFL may,
in the event of any assignment, securitisation or transfer of HHFL’s rights and obligations under this Agreement, hold the Security for the
benefits of assignee / transferee company.

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12. COLLECTION / ADMINISTRATION

a) The Borrower(s) expresses, recognizes and accepts that HHFL shall, without prejudice to its right to perform such activities itself or
through its officers or employees, be entitled and shall have full power and authority to appoint one or more third parties as HHFL may
select and to delegate to such third party all or any of its functions, rights and powers under this Agreement relating to administration
of the Loan including the right and authority to collect and receive on behalf of HHFL from the Borrower(s) the PEMI (if applicable)/
Monthly Instalment and other amounts due from the Borrower(s) under this Agreement and to perform and execute all lawful acts,
deeds, matters and things connected therewith and incidental thereto including sending notices, contacting the Borrower(s), receiving
cash/ cheques/ drafts/ mandates from the Borrower(s) and giving valid and effectual receipts and discharge to the Borrower(s). The
Borrower(s) shall be liable to pay charges, costs and expenses for such collection activities as mentioned in Schedule A. For the
aforesaid purpose, HHFL shall be entitled to disclose to such third parties all necessary or relevant information pertaining to the
Borrower(s) and the Loan and the Borrower(s) hereby consents to such disclosure by HHFL.
b) The Borrower(s) expressly agrees and accepts that HHFL shall have absolute right to shift or transfer the place of concerned branch
at any time at any location in India without prior intimation to the Borrower(s). In the event of such transfer the Borrower(s) agrees to
attend such transferred office for all purposes of this Agreement and such office shall be the concerned branch.

13. MISCELLANEOUS
13.1 Inspection
The Borrower(s) shall permit inspection of all books of accounts and other records maintained by the Borrower(s) or his agent at any
place in respect of the Loan to the persons authorized by HHFL. The Borrower(s) shall also permit similar inspection by such other
companies, other banks, institutions, credit bureaus or bodies as HHFL may appoint or authorize for the purpose of the Loan granted
by HHFL.
13.2 Statement of Account, Etc.
a. HHFL shall maintain or cause to be maintained in accordance with its usual practice, electronic / computerised accounting
systems at their office in New Delhi, evidencing the amounts from time to time disbursed and due under this Agreement and
such computer generated certificate / statement from HHFL’s electronic terminals shall not be contested by the Borrower(s) and
shall be conclusive evidence of the existence and amounts of the obligations of the Borrower(s) including in any legal action or
proceeding arising out of or in connection with this Agreement and the Borrower(s) shall not contest the same. In any legal action
or proceeding arising out of or in connection with this Agreement, the entries made in the computer generated and maintained
accounts shall be prima facie evidence of the existence and amounts therein recorded and amount of realization, recovered
and expended. The Borrower(s) agrees, acknowledges and accepts that the Borrower(s) shall pay to HHFL the Annual Account
Maintenance charges at the rate mentioned in Schedule-A hereto towards maintenance of the Loan account of the Borrower(s) in
online electronic mode. Such charges shall be debited to the Borrower(s)’s Loan account after completion of a year from the date
of disbursement and thereafter debited once in a year on a fixed date during the repayment tenure of the Loan.
b. The statement of accounts of HHFL duly certified by its authorised officer, shall be conclusive evidence of amounts due to HHFL
and of payments received by HHFL. In the event the Borrower(s) has reason to validate that there is an error with the records
maintained by HHFL, it shall, within a maximum of seven (7) days from the date of receipt of the document that is sought to be
challenged, communicate the issue with HHFL and both Parties shall co-operate to confirm and validate the records.
c. The Borrower(s) agrees that HHFL is not responsible or liable in any way whatsoever for the Property purchased on Loan. It
is expressly agreed and declared that any seller/ builder of such Property by or through whom this transaction may have been
introduced, negotiated or conducted is not an agent of HHFL and that HHFL has no liability for any representations or statements
which is not made directly by HHFL to the Borrower(s).
13.3 Sharing of Information
a. The Borrower(s)/s, irrevocably agrees and consents to HHFL at any time and in any manner disclosing and/or making available
to National Housing Bank, any agencies, bureaus (including credit information companies specified by the Reserve Bank of India,
National Housing Bank or otherwise), affiliates of HHFL, and its holding company, and other persons whosoever any information
(including personal and financial information) and documents of or relating to the Borrower(s)/s and/or the Guarantor/s, including
any Credit Information, in such cases where HHFL considers appropriate including where such disclosure is permitted or required
by or under law, circular or guideline or where HHFL is of the view that the interests of HHFL require such disclosure or for
furnishing such information and documents for preparation, publication and distribution of credit reports and credit opinions
relating to the Borrower(s) to other persons including banks and financial institutions. The provisions of this clause shall survive
even after the term / termination of this Agreement and the repayment of all Dues of the Borrower(s)/s.
b. The Borrower(s) hereby undertakes and covenants that it shall provide all information, including information regarding other credit
facilities enjoyed by the Borrower(s), as and when required by HHFL.
c. The Borrower(s) agrees that HHFL may, as it deems appropriate and necessary disclose and furnish to CIBIL.
d. The Borrower(s) declares that the information furnished to HHFL from time to time is and shall be true and correct.
e. The Borrower(s) hereby further agrees that in case the Borrower(s) fails to pay the Borrower(s)’s dues or commits default in
the repayment of the Loan or interest thereon on due date(s), or in the event that the account of the Borrower(s) becomes Non-
Performing Assets as per the Reserve Bank of India’s norms, the Lender will be at liberty to disclose or publish in print and /
or electronic media the photograph(s), name(s) and address(es) of the Borrower(s) as wilful defaulter along with the details of
outstanding dues payable by such Borrower(s), to HHFL.
f. The Borrower(s) confirms that HHFL may for the purposes of credit reference checks, verification, etc., disclose any information/
documents relating to the Borrower(s) under this Agreement to any third party.
g. The Borrower(s) further authorizes HHFL to disclose such information/documents to Reserve Bank of India, NHB, Income Tax
Authorities, Credit Bureau, third parties, Credit Rating Agencies, Databanks, Corporates, other Banks, Financial institutions or any
other government or Regulatory Authorities, statutory authorities, quasi judicial authorities.

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h. HHFL shall be entitled to exercise this right of disclosure without being required to issue any further notice in this respect to the
Borrower(s). The Borrower(s) specifically waive the privilege of privacy, privity and defamation.
13.4 Cost and Expenses
a. The Borrower(s) irrevocably undertakes to pay forthwith on demand to HHFL all taxes, expenses, duties, charges, expenses, fees,
etc. (including, interest tax, stamp duties, CERSAI charges (as set out in Schedule A hereto) and any penalty relating thereto, legal
cost) and any other charges whatsoever payable on full indemnity basis in following circumstances:
i. Any demand or order passed by Central or State government or any competent authority;
ii. For investigation of title to the Property, Security, preparation, execution, registration of the Loan/Security documents.
iii. For creation of mortgage, preservation of Security, performance, enforcement, realization, collection or enforcement of
payment of PEMIs (if applicable) and/ or the Monthly Instalments; now or hereafter, whether with retrospective or prospective
effect in relation to this Agreement or the Property purchased by the Loan amount or in relation to any other document/s to be
executed in respect of the Loan amount or for creation of Security in favour of HHFL. If HHFL at its sole discretion, makes any
such payments, the Borrower(s) irrevocably undertakes to reimburse HHFL within 7 (seven) working days of being intimated
by HHFL of the same.
b. Any and all stamp duties, legislation fees or other taxes/ levies, in respect of the Loan and/or in respect of the documents
evidencing/ concerning the Loan and/or any penalties that may be imposed, shall be borne and paid by the Borrower(s) alone to
the exclusion of HHFL. In the event the Borrower(s) fails to make such payment, HHFL may at its sole and absolute discretion
make such payments, in which event all such amounts paid by HHFL will form part of the principal amount of the Loan disbursed.
c. The Borrower(s) shall bear, pay and reimburse to HHFL, all costs, charges or expenses which HHFLshall certify as having
sustained or incurred by it as a consequence of occurrence of an Event of Default including all costs, charges and expenses of
the legal advisors/ attorneys of HHFL.
d. All documentation charges and half yearly audit charges shall be borne by the Borrower(s). The audit fees will be paid by HHFL
and the same to be reimbursed by the Borrower(s). All such sums shall be reimbursed by the Borrower(s) to HHFL within a period
of 30 (thirty) days from the date of notice of demand from HHFL.
e. In case of delay in the payment of any amount payable as above or in the payment of PEMI (if applicable), Monthly Installment,
Prepayment charges, cheque swap charges (as mentioned in Schedule A), other monies and charges, cheque dishonour charges,
standing instructions/NACH dishonour charges on due date the same shall carry penal interest as mentioned in Schedule A hereto
and shall be computed from the respective due dates for payment to the actual date of payment and shall become due and
payable upon the footing of compound interest with monthly rests.
f. In the event that the Borrower(s) fails to pay when due any sum which it may owe to HHFLand HHFLshall commence legal
proceedings to recover such sum, the Borrower(s) will further pay HHFLall advances, charges, cost and expenses, including
reasonable legal fees, incurred or paid by HHFL in exercising any right, power or remedy conferred by this arrangement, (or in
the enforcement thereof) and all such sums shall become a part of the Dues secured hereunder and shall be paid to HHFL by the
Borrower(s) immediately and without delay or demur.
g. All the above monies payable under this Clause or under this Agreement, if not paid in time as above, shall be deemed to be part
of the Dues.
h. The charges mentioned in Schedule A are indicative charges as on the date of signing of the Agreement and HHFL in its sole
and absolute discretion reserves its right to periodically review and revise the same and the Borrower(s) expressly waive any
requirement of prior consent. HHFLmay also, at its sole discretion, waive or re-negotiate any or all such charges HHFL shall
intimate the Borrower(s) of any such revision and declare such revised charges on its website www.herohfl.com The Borrower(s)
shall be liable to pay the revised charges without any demur, and shall not be entitled to raise any objections for any such revision.
Any changes in the charges will be effected prospectively.
i. All charges mentioned above shall form a part of Borrower’s Dues and will be treated as such.
13.5 Service of Notice
a. Communications in writing
i. Any notice, demand, request or other communication to be given or made by a party to the other shall be in writing unless
otherwise stated. Such notice, demand, request or other communication shall be deemed to have been duly given or made
when it shall be sent by any of the following means: (a) delivered personally, or (b) sent by facsimile transmission, or (c) sent
by registered mail with acknowledgement due, postage prepaid/courier or (d) sent by e-mail.
ii. HHFL shall give notice to the Borrower(s) of any change in the terms and conditions of the loan agreement. If such change is
to the disadvantage of the customer, he/she may within 60 (sixty) days and without notice close his / her account or switch it
without having to pay any extra charges or interest. However, any revision in the Rate of Interest, Fee, Charges by HHFL in
accordance with the rights available under this Agreement shall not be construed as change in terms and conditions.
iii. The details of the Parties for the purposes of serving notices in relation to or pursuant to this Agreement shall be as set out in
the Schedule-A to this Agreement. Provided that the Borrower(s) shall inform his current residence address or any change in
his address, expressly in writing, immediately after availing full and final disbursement of the Loan. In the event of failure of the
Borrower(s), HHFL shall be entitled to consider the address of the Property as the current residence address from the date of
full and final disbursement for the purpose of any correspondence.
iv. HHFL shall not be bound to accept instructions from any agent appointed by the Borrower(s) and shall be entitled to insist that
all instructions under this Agreement be provided to HHFL directly / personally by the Borrower(s).
v. HHFL may send any notice to the Borrower(s) or to any person concerned in any manner as it may decide at its sole discretion
provided that all such notices shall be in writing. However the Borrower(s) shall send any notice to HHFL either through hand
delivery or through registered post with acknowledgement due only.

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b. Delivery
Any communication or document made or delivered by one Person to another under or in connection with this Agreement
Will only be effective:
i. If by way of personal delivery, when delivered;
ii. If by way of facsimile, when the sender receives a receipt indicating proper transmission
iii. If by way of letter, 3 (three) Business Days after it has been deposited in the post by speed post or by registered
speed post, with acknowledgement due.
iv. If by way of letter, 3 (three) Business Days after it has been couriered duly addressed to the addressee if the
courier company furnishes a statement/record of its delivery or attempted delivery at such address; or
v. If by way of e-mail, when received in legible form and subject to such e-mail.
c. English Language
i. Any notice given under or in connection with any Transaction Document must be in English.
ii. All other documents provided under or in connection with any Transaction Document must be in English or if
not in English accompanied by a certified English translation prepared by a translator identified as an approved
translator for the High Court of any State in India or another translator reasonably acceptable to HHFL, which
translation shall be governing version between the Borrower(s) and HHFL.
d. A certificate by an officer of HHFL who sent such notice that the same was so sent shall be final, conclusive and
binding on the Borrower(s).
13.6 Severability
If any provision of this Agreement is held to be illegal, invalid, or unenforceable under any present or future law, and
if the rights or obligations under this Agreement of the Parties will not be materially and adversely affected thereby
(a) such provision will be fully severable; (b) this Agreement will be construed and enforced as if such illegal, invalid,
or unenforceable provision had never comprised a part hereof: and (c) the remaining provisions of the Agreement will
remain in full force and effect and will not be affected by the illegal, invalid, or unenforceable provision or by its severance
here from. The Parties hereto shall then use all reasonable endeavours to replace the illegal, invalid or unenforceable
provisions with a valid and enforceable and mutually satisfactory substitute provision, achieving as nearly as possible the
intended commercial effect of the invalid, illegal or unenforceable provision.
13.7 Acknowledgement of the Terms
The Borrower(s) acknowledges and accepts the rates of interest and its calculation method, other fees, charges and
all other amounts payable as per the terms of this Agreement as reasonable and the Borrower(s) has understood the
meaning of each terms and financial implications, amounts payable and liabilities and obligations created under this
Agreement.
13.8 Supremacy and Amendment
a. This Agreement supersedes all discussions and Agreements (whether oral or written, including all correspondence)
prior to the date of this Agreement between the Parties with respect to the subject matter of this Agreement. This
Agreement may be modified or amended only by a writing duly executed by or on behalf of each of the Parties.
b. HHFL shall be entitled to enforce this Agreement and its rights and benefits created hereunder including (but not
limited to) in relation to the Security and to seek any and all remedies to the extent applicable under the laws prevailing
in India from time to time.
13.9 Taxation
a. The Borrower(s) shall bear all Taxes as may be levied from time to time by any government relating to the Agreement.
In the event the Borrower(s) fails to pay the monies referred to above, HHFL shall be at liberty (but shall not be
obliged) to pay the same and the Borrower(s) shall reimburse all sums paid by HHFL in accordance with the provisions
contained herein. HHFL shall have a right to debit the Borrower(s)’s account maintained with HHFL with the sum paid
by HHFL on behalf of the Borrower(s).
b. All payments by the Borrower(s) under the Agreement shall be made free and clear of and without any deduction,
except to the extent that the Borrower(s) is required by applicable law to make a Tax Deduction. If the Borrower(s) is
required to make any Tax Deductions from any payments to HHFL, the Borrower(s) shall make that Tax Deduction,
make payment of the Tax so deducted to the relevant Tax authority within the time period prescribed under applicable
law and deliver to HHFL entitled to the payment, a tax deduction certificate in the format prescribed under applicable
law (“TDS Certificate”) or such other form of confirmation as per applicable law which allows HHFL to take full credit
for such Tax Deduction, within the timelines prescribed under applicable law. The Borrower(s) shall promptly upon
becoming aware that the Borrower(s) must make a Tax Deduction (or that there is any change in the rate or the basis
of a Tax Deduction) notify HHFL accordingly. Similarly, HHFL shall notify the Borrower(s) on becoming so aware in
respect of a payment payable to HHFL.
c. If HHFL is unable to take credit of any Tax Deduction made by the Borrower(s) due to a breach by the Borrower(s) of
its obligations under Article 13.9 (Tax Deduction) the Borrower(s) shall (within 5 Business Days of demand by HHFL),
indemnify HHFL for any Tax payable by HHFL due to such breach along with any interest or penalties charged by any
Tax authority and expenses payable or incurred in connection therewith.
d. Article 13.9 (c) hereinabove shall not apply with respect to any Tax imposed by governmental agencies in India
which is calculated by reference to the net income actually received or receivable (but, for the avoidance of doubt,
not including any sum deemed for purposes of Tax to be received or receivable by HHFL but not actually received or
receivable) by HHFL; or

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e. HHFL intending to make a claim under Article 13.9 (c) hereinabove shall promptly notify the Borrower(s) of the event
which will give, or has given, rise to the claim.
13.10 Overriding Effect
This Agreement and the other documents attached hereto or referred to herein integrate all the terms and conditions
mentioned herein and/ or incidental thereto and supersede all oral negotiations and prior writings in respect of the subject
matter hereof. In the event of any conflict between the terms, conditions and provisions of this Agreement and any other
Transaction Documents, then in such event, the terms, conditions and provision of this Agreement shall prevail.
13.11 Further Assurances
The Borrower(s) shall execute and/or procure execution from such other Persons as may be necessary, in favour of
HHFL or any nominee of HHFL any further/additional/fresh deeds/documents etc. wherever required by HHFL to do so in
respect of the Facility and the Security as mentioned herein.
13.12 Lien and Set Off
a. Notwithstanding anything contained herein, HHFL shall have an overriding lien over all the Security(ies) monies of the
Borrower(s), which are in the control/possession of HHFL, its group companies and affiliates. This right of lien shall
not be affected by any reason whatsoever.
b. The Borrower(s) hereby authorizes HHFL to apply any credit balance to which the Borrower(s) may be entitled under
any Loan, in satisfaction of any sum due and payable herein but remaining unpaid. HHFL shall also have the right of
set off in respect of any amount standing to the credit of the Borrower(s) in any/all of the Loan availed/to be availed
from HHFL.
c. It is hereby agreed and understood that in the event the Borrower(s) default(s) in payment of the outstanding and
other charges mentioned herein, then without prejudice to the right of termination provided herein, HHFL shall be
entitled to set off its dues against any monies in its possession/control and due from it to the Borrower(s) whether by
way of deposits or otherwise.
13.13 HHFL’s Remedy
a. Without prejudice to the aforesaid clause, HHFL’s remedies under this Agreement or otherwise at law including
termination of the Agreement shall be several and cumulative and not in the alternative.
b. The Borrower(s) expressly agrees(s) that nothing herein contained shall operate to prejudice the rights and
remedies of HHFL in respect of any other obligations of the Borrower(s) to HHFL or prejudice or effect any general
or particular lien to which HHFL is entitled to or operate to prejudice HHFL’s right to remedies in respect of any
present or future Security(ies) or obligation given to HHFL by any other person for ant indebtedness or liability of
the Borrower(s).
13.14 Governing Law and Jurisdiction
a. The Parties agree that this Agreement shall be governed by the laws of India.
b. The rights, powers and remedies available to HHFL under this Agreement shall be in addition to and without prejudice
to all rights, powers and remedies available to HHFL under applicable law or bye-law and which may be given to HHFL
and may be exercised independently or collectively.
c. The Borrower(s) further agrees that all claims, differences and disputes arising out of or in relation to dealings/
transactions made in pursuant to this Agreement including any question of whether such dealings, transactions have
been entered into or not, shall be subject to the exclusive jurisdiction of the courts at Delhi only. Notwithstanding
the aforesaid, the Borrower(s) acknowledges and agrees that the Lender may, however, in its absolute discretion
commence any legal action or proceedings arising out of this Agreement against the Borrower(s) in a court, tribunal
or any other appropriate forum situated in any part of India.
13.15 Dispute Resolution
a. All claims, disputes, differences or claims or questions of any nature arising between the Parties, out of or in
connection with this Agreement shall be submitted to arbitration and shall be settled by arbitration in accordance with
the Arbitration and Conciliation Act 1996, or any statutory amendments thereof, with a sole arbitrator to be appointed
by HHFL.
b. The place of arbitration shall be Delhi, India and the arbitration proceedings shall be conducted in English language,
unless otherwise agreed by HHFL.
c. In the event of incapacity or resignation or death of the sole arbitrator so appointed, HHFL shall be entitled to
appoint another arbitrator in place of the earlier arbitrator, and the proceedings shall continue from the stage at which
the predecessor had left.
d. The award given by the arbitrator shall be final and binding on the Parties to this Agreement.
e. It is clarified that HHFL shall, at its discretion, be entitled to consolidate and combine any arbitral or legal
proceedings initiated or proposed to be initiated under this Agreement with any arbitral or any other legal proceeding
initiated or proposed to be initiated under one or more of the other Transaction Documents.
f. Nothing contained herein shall be construed as extinguishing, limiting or ousting the rights and remedies of HHFL,
if available now or in future as against the Borrower(s), Security Provider and/or guarantors, if any and/or any
other Persons, or any of their respective assets, under the SARFAESI Act and/or the SARFAESI Act and/or IBC,
and HHFL shall stand absolutely entitled to exercise such rights/remedies thereunder irrespective of the initiation,
pendency, or continuation of any other arbitral or other proceedings.

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g. Notwithstanding anything to the contrary contained hereinabove, in the event that due to any change in The
legal status of HHFL, or due to any change in the applicable law or otherwise, becomes entitled to recover the
dues owed to it or be treated as a “fi nancial institution” under the DRT Act or comes under the purview of the
SARFAESI Act” which enables HHFL to enforce the security under the SARFAESI Act or proceed to recover
dues from the Borrower(s) under the SARFAESI Act and/ or the DRT Act, the Borrower(s) hereby expressly
agrees and consents that HHFL shall be entitled to exercise the rights and remedies available to HHFL under
the SARFAESI Act and/or DRT Act including to recover the Borrower(s)’s Dues from the Borrower(s) and/or
the promoter of the Borrower(s), the Security Provider and/or guarantors, if any, or any other Persons, by fi ling
proceedings with any of the debt recovery tribunals constituted thereunder. Provided that neither a change
in the legal status of HHFL nor a change/amendment in law or issuance of noti fi cation as referred to in this sub
paragraph above, will result in invalidating an existing award passed by an Arbitrator pursuant to the provisions
of this Agreement.
h. The Borrower(s)’s liability hereunder shall not be affected, terminated or prejudiced by the death, insolvency or any
incapacity of the Borrower(s), but such liability shall continue in full force and effect and shall be binding on the
Borrower(s)’s successors as provided in the title and as the case may be.
13.16 Other Miscellaneous Clauses
a. The Borrower(s) hereby agrees and acknowledges that the terms and conditions contained herein are in addition
to and not in derogation of the terms and conditions contained in the Sanction Letter, and the terms and conditions
contained herein in the Sanction Letter and the Repayment Schedule shall be fully binding on the Borrower(s).
b. Any notice by way of request, demand or otherwise meant to be given to the Borrower(s) shall be deemed to have
been duly served upon the Borrower(s) if sent by registered post on the last known address of the Borrower(s) or any
of the individual constituting the Borrower(s) or has been delivered personally or left at the last recorded address with
HHFL. However, a reasonable period, which shall not in any case exceed 7 (seven) days for service of the notice,
shall be allowed in case the same is sent by registered post.
c. The Borrower(s) hereby confirms and agrees that HHFL is authorized to change, amend or alter any of the terms and
conditions contained in the Sanction Letter or in any other document and the Borrower(s) shall not question and/or
raise any dispute whatsoever with respect to such change, alteration or amendment.
d. This Agreement cannot be modified by any other method except via written amendment incorporated herein and signed
by the Parties hereto following their respective internal approvals process. Any verbal agreement or modification via
email or other informal electronic method, purportedly modifying this Agreement shall have no force or effect.
e. In the event that any one or more of the Agreements, provisions or terms contained herein and/or the Security
Documents shall be declared invalid, illegal or unenforceable in any respect, the validity of the remaining agreements,
provisions of terms contained herein or therein shall in no way be affected, prejudiced or invalidated thereby.
f. The execution of the Transaction Documents can be processed physically or electronically with the help of
registered email IDs and mobile numbers of the Borrower(s) and may be further supported by and with the AADHAR
based Authentication process. The electronic process includes one or more than one electronic modes like OTP
authentication, E-signature, Electronic signatures, Email confirmation, Link based acceptances and confirmations
etc., or any such other mode by which acceptance and execution of facility terms and conditions can be confirmed,
accepted and performed by the Borrower(S) and are validly accepted in the court of law. The Borrower(s) hereby
gives his explicit consent and authorizes HHFL to obtain any information (including but not limited to identify/ address
through biometric authentication) from the relevant governmental authorities/governmental agencies in relation to
the information conveyed or KYC documents submitted by the Borrower(s) to HHFL in relation to additional Loan
Facility or otherwise. That the Borrower(s) accords their absolute consent towards processing their Loan Application
physically or electronically as per the internal process and sole discretion of HHFL. The Borrower(s) further agree
that the consent accorded vide digital and/or electronic mode shall be deemed equivalent accorded through physical
signatures.

14. GENERAL CLAUSES

The Borrower(s) agrees/confirms as follows:
a. To keep alive the insurance policy/policies assigned in favour of HHFL by paying on time the premium as they fall due
and produce the receipts to the Lender whenever required.
b. HHFL shall have the right to receive and adjust any payment that it may receive in connection with any insurance
policy/policies against the Loan and alter the repayment schedule as set out in the Schedule A hereunder in any
manner as it may deem fit notwithstanding anything to the contrary contained in this Agreement `or any document or
paper.
c. The Sanction Letter, Schedules hereto and any amendments thereof shall be deemed to be part of this Agreement as
if the provisions thereof were set out herein in extension.
d. That the Borrower(s) has read and understood this Agreement and in the event that the Borrower(s) is illiterate and/
or cannot read English language, the terms and conditions of this Agreement have been read over, translated and
explained in detail in the vernacular language to the Borrower(s).
e. That the Borrower(s) has read and understood the Privacy Policy of HHFL and hereby consents to the collection,
processing, storage, disclosure and/or transfer of my personal information as described in the Privacy Policy. The
Borrower further agrees and confirms that the security practices and procedures implemented by HHFL are reasonable
and sufficient for the protection of personal information that is collected and stored by HHFL.

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The Borrower(s) hereby confirms and acknowledges that the Borrower(s) has read, understood, agrees and accepts all

(2)
the above terms and conditions mentioned in the Loan Agreement from Article 1 to 14, on page no. 1 to 31.

IN WITNESS WHEREOF, the Parties hereto have signed this Agreement in acceptance of all the terms and conditions
stated hereinabove on the day, month, year and place mentioned hereinbelow.

SIGNED AND DELIVERED BY THE WITHNAMED BORROWER(S):

(Signatures to be appropriately provided for individual/sole proprietorship/partnership/body corporate borrower)
Accepted, Signed and delivered by the Borrower(s)
In case of Individual/Proprietor

1. Borrower Name: 2. Co-Borrower Name:

Signature (3) Signature (3)

(2)
In case of Partnership Firm

1. ________________________________________________ Signature (3)

2. ________________________________________________ Signature (3)

3. ________________________________________________ Signature (3)

4. ________________________________________________ Signature (3)

(All partners of the Firm)

OR
In case of Company/Limited Liability Partnership

For _________________________________________

Director/Authorized Signatory (3)

WITNESS:

S.No. Name Address Signature

1.

2.

SIGNED AND DELIVERED BY THE WITHNAMED LENDER, HERO HOUSING FINANCE LIMITED:
For Hero Housing Finance Limited,

________________________________________________ ________________________________________________

Authorized Signatory Authorized Signatory

Name: Name:

Designation Designation:

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SCHEDULE A
(System generated Schedule to be affixed)

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VERNACULAR UNDERTAKING

(10)

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DEMAND PROMISSORY NOTE

Date: ___/______/______

Place: _______________

ON DEMAND, I/We _________________________________________________________all of Indian habitant(s) residing at

________________________________________________________ OR I, ________________________________________,
a Sole Proprietary Concern, through its Proprietor Mr./Ms. _____________________________________________________,
having its office/place of business at __________________________________________________________________ OR We
____________________________________________, a Registered Partnership Firm, enacted under the Partnership Act, 1932
having Registration No._____________________ and having its Registered Office at ____________________________________
through its Authorized Partner(s) Mr./Ms.________________________________________________________________ OR
We _______________________________________________________, a Limited Liability Partnership, enacted under Limited
Liability Partnership Act, 2008, and having its office at ____________________________________________________ through
its Authorized Partner(s) Mr./Ms.___________________________________ OR M/s. ________________________________,
a Company incorporated under the provisions of Companies Act, 1956 or Companies Act, 2013 having its Registered Office
at _____________________________________________________________________________ through its Authorized Officer
Mr./Ms. ________________________________________________________ vide Resolution dated __________________

Hereby unconditionally and irrevocably (jointly and severally) promise to pay to Hero Housing Finance Limited (“HHFL”), a
housing finance Company registered with the National Housing Bank and incorporated under the provisions of Companies Act,
2013 and having its registered office at 09, Community Centre, Basant Lok, Vasant Vihar, New Delhi-110057 or order the sum of
Rs.___________________/- (Rupees ___________________________________________________ only) together with interest
thereon at the rate of _____% per annum (Fixed/Floating) with ____ rests or such other rates which HHFL may specify, together with
such other charges which HHFL may specify from time to time in accordance with the Loan Agreement dated __________________
entered into between me/us and HHFL for value received.

Presentment for payment, noting and protest of the note are here by unconditionally and irrevocably waived.

Affix Rs
In case of Individual/Proprietor 1/- Revenue
Stamp here
for each
____________________________________________ Borrower &
Co-Borrower
Individual/Proprietor (5)
(5)
OR

In case of Partnership Firm

1. ________________________________________________ Signature (5)

2. ________________________________________________ Signature (5)

3. ________________________________________________ Signature (5)

4. ________________________________________________ Signature (5)

(All partners of the Firm)

OR

In case of Company/Limited Liability Partnership

For _________________________________________

Director/Authorized Signatory (5)

Note-(x) the signature should run across the breadth of the revenue stamp)

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LETTER OF CONTINUITY FOR DEMAND PROMISSORY NOTE

Date: ___/______/______

Place: _______________
To,
Hero Housing Finance Limited
09, Community Centre,
Basant Lok, Vasant Vihar,
New Delhi-110057

Dear Sir,

I/We____________________________________________all of Indian habitant(s) residing at ___________________________

_______________________________________ OR I, ___________________________________________, a Sole Proprietary
Concern, through its Proprietor Mr./Ms. ___________________________________________,having its office/place of business
at ________________________________________________________ OR We ______________________________________,
a Registered Partnership Firm, enacted under the Partnership Act, 1932 having Registration No.__________________ __
and having its Registered Office at __________________________________________________________ through its Authorized
Partner(s) Mr./Ms.________________________________________ OR We __________________________________________,
a Limited Liability Partnership, enacted under Limited Liability Partnership Act, 2008, and having its office at ________________
_________________________________________________ through its Authorized Partner(s) Mr./Ms.____________________
_______________________________ OR M/s. ___________________________________________, a Company incorporated
under the provisions of Companies Act, 1956 or Companies Act, 2013 having its Registered Office at ________________________
_____________________ through its Authorized Officer Mr./Ms. _______________________________________ vide Resolution
dated ___________ hereby enclose my Demand Promissory Note for Rs.________________________/- (Rupees __________
_________________________________________ only) dated ________________ payable on demand which is given to Hero
Housing Finance Limited (HHFL) as security for the due repayment by me to HHFL of any sum now due or which may hereafter be or
become due from me to HHFL in respect of the Loan Facility as granted by HHFL to me vide Sanction Letter dated______________
bearing Reference No._____________________ and Loan Agreement dated___________________ (hereinafter referred to as
the “Facility”), notwithstanding the fact that the Facility may from time to time be reduced or extinguished, the intention being that
the security including the Demand Promissory Note shall be a continuing at all times for the due repayment of the said Facility
obtained by me and payable to HHFL.

In case of Individual/Proprietor
____________________________________________

Individual/Proprietor (6)
OR
In case of Partnership Firm

1. ________________________________________________ Signature (6)

2. ________________________________________________ Signature (6)

3. ________________________________________________ Signature (6)

4. ________________________________________________ Signature (6)

(All partners of the Firm)

OR
In case of Company/Limited Liability Partnership

For _________________________________________

Director/Authorized Signatory (6)

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Vasant Vihar, New Delhi -110057

1. CHEQUE DD RTGS NEFT FT

A/c Holder Name (As per Bank Records)

Bank Name A/c #

IFSC Code (for Electronic Payment) Amount

2. CHEQUE DD RTGS NEFT FT

A/c Holder Name (As per Bank Records)

Bank Name A/c #

IFSC Code (for Electronic Payment) Amount

3. CHEQUE DD RTGS NEFT FT

A/c Holder Name (As per Bank Records)

Bank Name A/c #

IFSC Code (for Electronic Payment) Amount

4. CHEQUE DD RTGS NEFT FT

A/c Holder Name (As per Bank Records)

Bank Name A/c #

IFSC Code (for Electronic Payment) Amount

5. CHEQUE DD RTGS NEFT FT

A/c Holder Name (As per Bank Records)

Bank Name A/c #

IFSC Code (for Electronic Payment) Amount

Note: Any correction requires counter signature by Borrower and Co-borrowers. Company will not be responsible for any change in favouring details other than
details filled in this form.
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CHEQUE SUBMISSION FORM

Cheque Submission form (office copy)

Important Instructions:
• Cheque should be crossed as “Account Payee only”
• The cheque should be drawn in favour of “Hero Housing Finance Limited” only.
• Please ensure that all corrections have been countersigned and amount in words and figures are the same.
• EMI cheques to be dated as per your Repayment Schedule.

Customer Details:

Application No._____________________________________

LAN No.___________________________________________

Name of the Borrower:______________________________________________________________

Date:______________
To,
Hero Housing Finance Limited
09, Community Centre,
Basant Lok, Vasant Vihar,
New Delhi-110057

Subject: Submission of EMI PDCs/PEMI PDCs

S.No. Cheque Number Date of Cheque A/C Type Bank & Branch Amount Purpose
(Savings/ (EMI/PEMI)
Current)
From To From To
1
2
3
4
5

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 Housing Finance Limited”.

Thanking you
Yours faithfully

Name of the Applicant/Co-Applicant* Signature (8)

1. ____________________________________________________________________ _______________________________

2. ____________________________________________________________________ _______________________________

3. ____________________________________________________________________ _______________________________

4. ____________________________________________________________________ _______________________________

Received by:

Name of the Executive: ___________________________________________________

Name of the DMA:_______________________________________________________
Signature of the Executive: ________________________________________________
Date: ____________________

* Name and signature of the person providing the cheques to be taken in case they are other than Applicant/Co-Applicant.

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Cheque Submission form (Customer copy)

Important Instructions:
• Cheque should be crossed as “Account Payee only”
• The cheque should be drawn in favour of “Hero Housing Finance Limited” only.
• Please ensure that all corrections have been countersigned and amount in words and figures are the same.
• EMI cheques to be dated as per your Repayment Schedule.

Customer Details:

Application No._____________________________________

LAN No.___________________________________________

Name of the Borrower:______________________________________________________________

Date:______________
To,
Hero Housing Finance Limited
09, Community Centre,
Basant Lok, Vasant Vihar,
New Delhi-110057

Subject: Submission of EMI PDCs/PEMI PDCs

S.No. Cheque Number Date of Cheque A/C Type Bank & Branch Amount Purpose
(Savings/ (EMI/PEMI)
Current)
From To From To
1
2
3
4
5

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 Housing Finance Limited”.

Thanking you
Yours faithfully

Name of the Applicant/Co-Applicant* Signature (9)

5. ____________________________________________________________________ _______________________________

6. ____________________________________________________________________ _______________________________

7. ____________________________________________________________________ _______________________________

8. ____________________________________________________________________ _______________________________

Received by:

Name of the Executive: ___________________________________________________

Name of the DMA:_______________________________________________________
Signature of the Executive: ________________________________________________
Date: ____________________

*Name and signature of the person providing the cheques to be taken in case they are other than Applicant/Co-Applicant.

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 HHFL/Ver 1.3/0122

Registered Office
9, Community Centre, Basant Lok
Vasant Vihar, New Delhi – 110057