SME Unsecured Agreement

BUSINESS LOAN AND PROFESSIONAL LOAN
AGREEMENT
Dear Customer,
A very warm welcome to Bajaj Finance Limited family. We are happy to note that one of our products has been found suitable
for your current fiscal needs.
In order to be able to complete the loan process, we request you to kindly fill in the attached forms and our sales representative
will collect it from you at your convenience. The kit comprises a detailed check list along with a host of letter formats and forms
that we urge you to fill accurately. The completion of the forms will enable us to process your loan and disburse it speedily.
In case you wish to clarify any doubts, we urge you to contact your sales representative.
We thank you for having chosen Bajaj Finance Limited as your financial expert and assure you of our best services at all times.
Yours Sincerely,
For Bajaj Finance Ltd.
Sidhant Dadwal
President - SME & B2C
INDEX
1 Loan Agreement
2 Schedule
3 Demand Promissory Note
4 Letter of Continuity for Demand Promissory Note
5 Vernacular Declaration
6 Confirmation Letter
By checking the 'I Accept' or similar button or by entering One-Time Password(“OTP”) or by appending physical signature, at
the end of the Professional and Business Loan Agreement ("Agreement"), the Borrower or the authorized signatory of the
Borrower (for non-individual cases) hereby agree and acknowledge that the Borrower or the authorized signatory of the
Borrower:
(i) is at least 18 years of age, (ii) have read and understood the terms and conditions contained in the Agreement and its
Schedule and agree to be bound by the same, (iii) is duly authorized by the borrowing entity to accept the terms and conditions
of this Agreement on behalf of the borrowing entity through valid “Board Resolution/ Authority Letter/Power of Attorney” or
such other authorization document recognized under law and accepted by the Lender, as the case may be and (iv) agree to
be bound by such terms and conditions contained herein below and as may be communicated from time to time by the Lender
and pertaining to the Loan.
The Borrower or authorized signatory of Borrower agree that their action of entering the one-time password sent by the
Lender and clicking the 'I Accept' or similar button or by entering One-Time Password(“OTP”) or by appending physical
signature, constitutes a valid acceptance by the Borrower of the terms and conditions of Agreement and creates a binding
and enforceable contract.
The terms and conditions contained in this Agreement in relation to the Loan shall constitute the complete understanding and
agreement between the Borrower and the Lender and shall supersede all or any oral or written discussions with respect to
the Borrower availing the Loan from the Lender.
BUSINESS LOAN AND PROFESSIONAL LOAN AGREEMENT
This Business and Professional Loan Agreement (“Agreement”) is made at the place and on the date as set out in the
Schedule.
BETWEEN
BAJAJ FINANCE LIMITED, a company incorporated under the provisions of the Companies Act, 1956 and Company as defined
within the meaning of Section 2(20) of the Companies Act, 2013, having its registered office at Mumbai Pune Road, Akurdi,
Pune – 411035, Maharashtra and corporate office at S No. # 208/1-B, 4th Floor, Viman Nagar, Pune – 411014, Maharashtra,
acting in these presents through its branch office located in the city/town as mentioned in the Schedule (“BFL” or the
“Lender”, which expression shall, unless repugnant to the context, include its successors and assigns) of the FIRST PART;
AND
The Borrower, material particulars whereof are described and set out in the Schedule, of the OTHER PART.
The expression “Borrower”, unless it be repugnant to the context or meaning thereof, shall mean and include, (a) In case
the Borrower is a company incorporated under the Companies Act, its successors and permitted assigns ; (b) In case the
Borrower is a Limited Liability Partnership incorporated under the Limited Liability Partnership Act 2008, its successors and
permitted assigns ; (c) In case the Borrower is a partnership firm formed under the Partnership Act, 1932, the partners for the
time being and from time to time and their survivors, legal heirs, executors, legal representatives , permitted assigns and
administrators ; and (d) In case the Borrower is an individual , his /her respective heirs , administrators , legal representatives
, permitted assign and executors ; (e) In case the Borrower is a Trust, the Trustee or Trustees for the time being and from
time to time of the said Trust, administrators, beneficiaries, executors, the heirs and legal representatives of the Trustee of
the said Trust and last surviving Trustee and his or her permitted assigns ; (f) In case the Borrower is a Joint Hindu Family ,
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; (g) the Co-Borrower(s), if any.
Lender and Borrower are hereinafter collectively referred to as “Parties” and individually as “Party”.
WHEREAS
The Lender is a non-banking finance company engaged primarily in the business of providing loans/credit facilities to various
customers and relying upon the applications and representations made and information provided by the Borrower, the Lender
has agreed to grant the Loan to the Borrower on the terms and conditions mutually agreed and contained in this Agreement
and in other Loan Documents, for a maximum principal amount and for the specified purpose for which the Loan is granted
(“Specified Purpose”), as mentioned in the Schedule to this Agreement (“Schedule”), in its sole and absolute discretion.
NOW, THEREFORE, in consideration of the foregoing and other good and valid consideration, the receipt and adequacy of
which is expressly acknowledged, the Parties hereby agree as follows:
I/We have read and understood the terms and condition of this Page 17 and subscribe my/our signature on Page 2 and Page 17 towards cumulative
acceptance of all terms and conditions on each Page of this Agreement.
Page 1 of 17 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

S1-A S1-B
Co-Borrower’s Signature
Borrower’s Signature
S1-C S1-D
1. DEFINITIONS AND INTERPRETATION

For the purposes of this Agreement, words and expressions used herein but not defined shall have the same meaning as
assigned to them in General Clauses Act, 1897; and the following words and expressions shall have the meanings as set -
out in this Clause 1:
Definitions
“Acceptable Means of Communication” with reference to:
(a) Customer, shall mean:
(i) a telephonic call on the registered mobile number/landline number of the Customer as provided in the Application
Form; or
(ii) photo / video; or
(iii) an email on the registered email address of the Customer; or
(iv) a text message on the registered mobile number of the Customer; or
(v) a written notice sent by courier / post on the registered postal address of the Customer,
(vi) dispatch of text message and written notices, as the case maybe, through chatbot, bitly, social media, such as
WhatsApp communication and/or any other electronic communication mode; and/or
(vii) notification by BFL on its Website;
(b) BFL, shall mean:
(i) a telephonic call on the designated mobile/landline number of BFL as provided on the Website; or
(ii) an email on the designated email address of BFL; or
(iii) a text message on the chatbot; or
(iv) a written notice sent by courier/post on the postal designated address of BFL.
“Advance EMI Loan” means the variant of the Loan provided by the Lender to the Borrower, as stipulated in Clause 2.17
(a) of the Agreement;
“Affiliate” means, subsidiary company, holding company and / or associate company of BFL where the terms ‘subsidiary
company’, ‘holding company’ and ‘associate company’ shall have the meaning ascribed to such terms in the Companies
Act, 2013, as amended from time to time;
“Agreement” means and includes this Agreement, together with all the schedules, exhibits, addendums, attachments
and appendices annexed hereto and all amendments/supplements hereto and restatements hereof;
“Applicable Law” means the ‘Indian law’ in force in the republic of India
“Application Form” means the Loan application in a form and manner prescribed by and acceptable to the Lender
together with such documents and information as may be required by the Lender, filled in and submitted by the Borrower
to the Lender in relation to the Loan;
“Bounce Charges” means an amount payable by the Bor00rower to the Lender as a penalty where the Cheque(s) issued
by the Borrower is (are) not honoured by the bank, or NACH or any other Repayment Mode is (are) returned or not
honoured;
“Broken Period/Pre-EMI Interest” shall mean the amount of interest on Loan for the number of day(s) which is(are)
over and above the period of 30 (thirty) days from the date of disbursement of the Loan more specifically as detailed in
Clause 2.7 and Clause 2.8 of the Agreement;
“Business Day” means a day on which the Lender and banks are open for business in the concerned State / Union
Territory of India where the office of the Lender, as stated in the Schedule, is located;
Cooling off/Look-up period: A period of three (3) working days from the date of disbursement of the loan provided to
the Borrower as a time window for exiting loans, in case borrower decides not to continue with the loan.
I/We have read and understood the terms and condition of this Page 17 and subscribe my/our signature on Page 2 and Page 17 towards cumulative acceptance
of all terms and conditions on each Page of this Agreement.

“Due Date” means, in respect of: (a) the Monthly Installment and/or Outstanding Dues, the respective Repayment Dates;
(b) costs, charges and expenses incurred or paid by the Lender under the Loan Documents, within seven 7 (seven) Business
Days from the date on which the Borrower has received notice from the Lender providing details of such costs, charges
and expenses; and (c) any other amount payable under the Loan Documents, the date on which such amount falls due in
terms of the Loan Documents, or on demand if the due date is not specified in such Loan Document;
“Disbursement or Disbursal or Disbursement of loan” are the terms which are synonymously referred in this
agreement in order to explicitly refer to the earlier occurrence of either of the following event(s):
(i) Date of debit of loan amount from Lender’s account for (a) issuance of Account payee cheque/ Pay order/ Demand
draft in favour of Borrower; or (b) effecting online transfer of loan amount to the bank account of Borrower; or
(ii) Date of issuance of Account payee cheque/ Pay order/Demand draft towards the disbursal of loan amount, whether
or not received/encashed/acknowledged by the Borrower;
(iii) Date of effecting online transfer of loan amount to the bank account of Borrower, whether or not withdrawn/utilized
by Borrower;
“Debt Service Reserve Account (DSRA)” is a cash reserve which shall be maintained for term loan variant, by the
Borrower by way of a deduction from the amount disbursed to ensure timely repayment of EMIs , wherein such amount
shall be retained by the Lender itself from the Loan amount to cover debt service/Monthly Instalments. This amount shall
be maintained in terms of the sanctioned terms stipulated by the Lender at its discretion.
“Flexi Fee” means fee charges to Borrower for availing flexi variant of loan and as mentioned in Schedule.
“Flexi Term Loan” means the variant of Loan as stipulated in Clause 2.17(d) of the Agreement for an amount mentioned
in the Schedule;
.
“Flexi Drawdown” refers to the Loan for an amount less than or equivalent to such Loan amount which has been prepaid
and/ or repaid by the Borrower under the Flexi Term Loan or the Flexi Hybrid Loan, as the case may be;
“Flexi Hybrid Loan” refers to the variant of Loan under which, the Monthly Instalments of the initial term of the Flexi
Hybrid Loan, commencing from the date of disbursement of the Loan (“Initial Loan Tenure”), shall comprise only of the
interest component and during the subsequent term of the Flexi Hybrid Loan, commencing from the expiry of the Initial
Tenure (“Subsequent Loan Tenure”), the Monthly Instalment shall comprise of principal amount and the interest
payable on the Flexi Hybrid Loan;
“Insolvency Event” " in respect of the Borrower, shall mean the commencement of any of the following: (i) compromise
or arrangement with the creditors/debtors or failure to pay debts, under which the Borrower may be wound up or
dissolved; or (ii) Application made to the National Company Law Tribunal ("NCLT") or initiation of insolvency resolution
of the Borrower under the Insolvency and Bankruptcy Code, 2016; or (iii) any voluntary or involuntary liquidation,
dissolution or winding up of business; or any analogous procedure or step is taken; or (v) filing of an application of
insolvency against the Borrower.
“KYC Documents” shall have reference to Reserve Bank of India Master Direction - Know Your Customer (KYC) Direction,
2016 as amended from time to time which shall include the following documents:
(i) Any document establishing identity of the Dealer as per BFL KYC Policy in line with the RBI Master Directions on KYC.
(ii) Any document establishing address of the Dealer as per BFL KYC Policy in line with the RBI Master Directions on KYC.
(iii) For Dealer that are non-individuals/entities, any document as per the constitution of the non-individual/entity as
listed in the BFL KYC policy including KYC of authorized persons.
“Loan” means the business/professional loan provided by the Lender to the Borrower for an amount as mentioned in
the Schedule and such loan Shall be may be either in the form of term loan including the amount retained towards the
maintenance of DSRA or one of the variants or a combination of such variants from the following options as approved by
the Lender: (a) Advance EMI Loan; (b) Flexi Term Loan; (c) Step-Down Structured Monthly Instalment Loan; (d) Step-up
Structured Monthly Instalment Loan; or (e) Flexi Hybrid Loan.
“Loan Documents” means collectively, the Application Form, this Agreement, any other document executed from time
to time pursuant to the Loan or any of the foregoing to which the Borrower or the Lender is a party; and any other
agreement or document which the Lender designates as a Loan Document;
“Monthly Installments” or “EMIs”, means the amount repaid every month by the Borrower to the Lender comprising
of interest, or as the case may be, principal amount of the Loan and/or interest;
“Outstanding Dues” means, at any time, all the amounts outstanding and payable or obligations to be performed by
the Borrower to the Lender, pursuant to the terms of this Agreement and/or any other Loan Documents, including but not

limited to the following: (a) the principal amount(s) of the Loan; (b) the interest on the Loan; (c) all other obligations and
liabilities of the Borrower including the amount drawn from the DSRA/retained towards the DSRA, wherever
applicable, indemnities, liquidated damages, costs, charges, erroneous payments received, expenses and other fees
and interest incurred under, arising out of or in connection with this Agreement and/or any other Loan Documents
(either severally or jointly) or any debt or liability of the Borrower to the Lender under law or contract or any other
finance/credit facility, whether in the form of cash or otherwise, whether secured or unsecured or assigned, or
whether payable under a decree or order of any civil court or any arbitration award or otherwise or under a mortgage
or pledge or hypothecation; and (d) any and all expenses or sum incurred by the Lender for the enforcement of and
collection of any amounts due under this Agreement and/or any other Loan Documents, including expenses of enforcement
and realization.
“Penal Interest” means an additional interest payable by the Borrower to the Lender as a penalty in case of delay in
payment of Monthly Installments, at the rate as mentioned in the Schedule.
“Pre-payment Charges” means an amount payable by the Borrower to the Lender as a penalty for repayment of the
Loan, either in part or whole, before its scheduled Repayment Date as detailed in Clause2.14 of this Agreement and as
detailed in the Schedule;
“Penal Interest” means an additional interest payable by the Borrower to the Lender as a penalty in case of delay in
payment of Monthly Installments, at the rate as mentioned in the Schedule.
“Pre-payment Charges” means an amount payable by the Borrower to the Lender as a penalty for repayment of the
Loan, either in part or whole, before its scheduled Repayment Date as detailed in Clause2.14 of this Agreement and as
detailed in the Schedule;
“Repayment Date”: (a) in relation to the Monthly Installments, means the date, on or before which each Monthly
Installment is to be repaid by the Borrower, as more specifically mentioned in the Schedule, commencing from the date
of the disbursement of Loan or the date on which the Loan is booked by the Lender in the name of the Borrower in the
Lender’s books, whichever is earlier and includes the due date for the payment of interest on the principal Loan amount
payable by the Borrower before the commencement of the Monthly Installment; and (b) in relation to the Outstanding
Dues, means the date, on or before which the entire Outstanding Dues, is to be repaid by the Borrower, as more specifically
mentioned in the Schedule.
“Repayment Modes” means the payment of the Monthly Instalments and the Outstanding Dues, as the case may be,
by any of the following modes, which options are set out in the Schedule ; (a) Electronic Payment Services, notified by RBI
from time to time presently being “NACH” ; (b) National Electronic Fund Transfer in terms of the regulations and directions
issued by RBI or any regulatory or statutory body (“NEFT”); (d) real time gross settlement in terms of the regulations and
directions issued by RBI or any regulatory or statutory body (“RTGS”); (f) Standing instructions at the bank; and (g) Any
other instrument suitable from time to time.
“Sanction Letter” means the sanction letter, issued to the Borrower regarding the sanction of the Loan, as amended,
modified varied and supplemented including, any subsequent facility letter(s) issued by the Lender regarding the Loan
from time to time.
“Switch Fees” shall mean fees payable by Borrower for conversion of one loan variant to other loan variant and the
amount as mentioned in Schedule of Loan Agreement.
“Website” means the website of the Lender presently being www.bajajfinserv.in/corporate-bajaj-finance including the
microsite if any or such other website to be so intimated by Lender from time to time.
2. LOAN
2.1. The Borrower has applied for a new Loan or Top Up loan amount or requested for conversion of existing loan variant to other
loan variant for maximum amount as mentioned in the Application Form and the Lender has agreed to provide Loan for an
amount as detailed in Schedule, for the Specified Purpose, on the terms and conditions contained in this Agreement and in
other Loan Documents. The Borrower agrees that in the event the term loan variant with DSRA is availed by him/her, the
Borrower shall not have the option for conversion to another loan variant. Similarly, in the event the Borrower has availed
any other loan variant, he/she shall not have the option for conversion to term loan variant with DSRA.
2.2. The disbursement of the Loan may be made directly to the Borrower or to the manufacturer/the dealer upon instructions
from the Borrower, in one lump sum or in such instalments as per the details provided under the Application Form/Loan
Documents, subject to the terms and conditions and deduction of applicable fees and charges as stated in the Schedule
herein. If the Borrower avails any variant of the Loan, the option of making direct disbursement to the manufacturer or the
dealer may not be available to the Borrower. The Borrower understands and agrees that in case a top up and conversion of

loan variant, for administrative/operational purposes, the existing loan account may be closed and new loan account will
be opened. The Borrower agrees that on account of partial disbursement as per request of Borrower or pre-payment of
Loan amount or on availment of Flexi Drawdown, repayment terms including but not limited to EMI’s may be revised at
the sole discretion of the Lender and the same shall be informed to the Borrower through Electronic Media.
2.3. The Loan amount shall be disbursed by the Lender upon retaining the DSRA amount of up to 6 EMIs and more particularly
indicated on a case to case basis in terms of the Sanction. The Borrower shall be liable to pay interest towards the amount
retained in the DRSA.
The amount maintained under the DSRA shall be maintained as Lien Marked in favour of BFL.
2.4. The Borrower shall be allowed any number of drawls from the amount maintained under DSRA, at the sole discretion of
BFL and the Borrower unconditionally agrees that it shall within 30 days of each such drawl replenish the amount in the
DSRA. The amount under the DSRA shall at all times be Lien Marked in favour of the Lender, BFL and no others.
2.5. The disbursement of the Loan shall be made in accordance with the RTGS business hours as notified by the RBI from time
to time. The Lender shall not in any event or circumstance be liable or be construed as being liable in case there is any
delay(s) in disbursement of the Loan on account of any technical or system errors, etc.
2.6. The Borrower agrees to use the Loan amount for the Specified Purpose only and not divert/utilize the Loan amount for
any speculative, fraudulent or unlawful purposes. The Borrower agrees and confirms that the terms and conditions for
the purchase of the products or availing services, if any, by utilization of the Loan shall be independent of this Agreement
and the Lender shall not be liable for any defect/deficiency in the product/services purchased or availed by the Borrower
by utilization of the Loan under any circumstances.
2.7. The Borrower shall pay interest on the Loan utilization on or before the Due Date at the applicable rate of interest per
annum in relation to the Loan as mentioned in the Schedule ("Interest Rate"). Subject to the commencement of Due
Date, all interest accruing on Outstanding Dues under the Loan shall accrue from day to day and shall be calculated on
the reducing balance. The Borrower confirms having perused and understood the Lender’s method of calculating the
interest on the Loan utilization on reducing balance rate and also the calculation of Monthly Instalments utilization for
the purposes of this Agreement shall mean and include the cumulative of amount disbursed to the Borrower/as per the
instructions of the Borrower together with the amount retained as DSRA, where applicable
2.8. The Borrower understands and acknowledges that the Interest Rate specified by BFL is fixed rate of interest, unless
otherwise expressly mentioned in the Schedule of this Agreement.
2.9. The Borrower shall be liable to pay Broken Period Interest/Pre-EMI Interest on the Loan. The Borrower understands and
agrees that in the event the first due date for payment of EMI is after a period of 30 (thirty) days from the date of
disbursement of the Loan amount, the Borrower authorizes the Lender to deduct upfront interest, for such additional
number of days beyond the aforementioned period of 30 (thirty) days, at the time of disbursement from the Loan amount.
2.10. The Borrower hereby acknowledges to have understood the following illustration of the aforementioned Broken Period
Interest/Pre-EMI Interest. The figures here are indicative as the Broken Period Interest/ Pre-EMI Interest amount shall
change basis changes in the Loan amount, interest and the other factors stated herein below:
Loan Amount INR 1,00,000/-
Interest Rate 16% p.a.

Scenario Disbursal Date First Due Date Gap between First Days Interest Broken Period Broken Period/
Due Date and Charged in (in days) (AB) Pre-EMI Interest
Loan Disbursal First EMI (B) (in INR)
Date (A)
Scenario 1 19-Mar-15 02-May-15 44 30 14 614
Scenario 2 19-Mar-15 05-May-15 47 30 17 745
2.11. The Lender shall be entitled to revise the Interest Rate from time to time, during the term of the Loan, at its sole
discretion or due to change in the regulatory requirements and such revised Interest Rate shall be deemed to form part
of the Loan. Any revision in the Interest Rate shall be effective from a prospective date and the Lender shall notify the
Borrower in advance to this effect by way of update on its Website or any other mode deemed fit by the Lender and the
same would be binding upon the Borrower.
2.12. The Borrower agrees to repay the Monthly Instalments and the Outstanding Dues to the Lender on the Repayment Date
using the Repayment Modes as set out in the schedule, or, as may be agreed between the Borrower and Lender, from
time to time during the course of this Agreement. In the event BFL has allowed utilization of the amounts retained under

DSRA towards the repayment of any previous Outstanding Due(s), the Borrower shall replenish the amount in terms of
clause _2.4_ detailed above. In the event that there are certain amounts utilized from the DSRA any amount received by
BFL even as an Monthly Instalment shall be first utilized to replenish the amount outstanding DSRA. The instructions for
the NACH as may be provided by the Borrower shall cover the maximum principal amount under the Loan and other
Outstanding Dues thereon. The Lender may, at the request of the Borrower in writing, agree to change the Repayment
Mode. The Lender shall be entitled to recover from the Borrower: (i) the amount payable by the Borrower to the Lender
for replacement or exchange of the cheques submitted by the Borrower ("Cheque") without being required by the
Lender ("Cheque Swap Charges"); and (ii) the amount payable by the Borrower to the Lender as a fee for outstation
Cheques submitted by the Borrower, as detailed in the Schedule ("Outstation Collection Charges"). In the event of
default by the Borrower in repayment of the Outstanding Dues or if the credit rating of the Borrower falls below the
criterion required by the Lender or for any other reason deemed fit by the Lender, the Lender may disallow further
drawdowns under the Loan. In case of default by the Borrower in repayment of the Loan, the Lender may, at any time,
recall / foreclose the Loan without prior notice to the Borrower and revise the repayment schedule, in its sole and
absolute discretion. The Borrower agrees and undertakes to forth with issue fresh Cheques/ NACH instructions to the
Lender in the event of any revision in the repayment schedule. The Borrower understands that the Cheques given to the
Lender pursuant to this Agreement may be encashed by the Lender for recovery of Outstanding Dues in case the Borrower
breaches any of its obligations under this Agreement, including but not limited to non-payment / delayed / partial
payment of the Monthly Instalments/Outstanding Dues. However, the Lender in its sole discretion has a right to take
action against the Borrower in case of default by the Borrower in payment of Monthly Instalments.
The Borrower understands and agrees that the Borrower shall have to pay the fees and charges, as detailed in the
Schedule, including an annual maintenance charge payable on an annual basis, if the Borrower has availed the Flexi
Term Loan or the Flexi Hybrid Loan or any other Loan variant as may be specified by the Lender. The Borrower agrees
that the fees, charges etc. may be revised by the Lender at any time at its sole discretion, and the Borrower hereby
unconditionally accepts and agrees that the Borrower shall be liable to pay such fees, charges etc. without any demur
on the Due Dates.
2.13. Notwithstanding anything contained in this Agreement, the Lender may at any time in its sole discretion and without
assigning any reason whatsoever, call upon the Borrower to pay the Outstanding Dues and thereupon the Borrower shall
within 15 (fifteen) days of being so called upon pay the whole of the Outstanding Dues to the Lender without any delay
or demur. The liability of the Borrower to the Lender shall not be discharged until and unless the Borrower has paid or
discharged the Outstanding Dues owed to the Lender under this Agreement.
The Monthly Installments shall automatically change by reason of change in any rates, taxes, charges, imposts, levies
and monies whatsoever that are or may be levied on the Monthly Installments or the transaction contemplated
hereunder or may, become payable by the Borrower by virtue of this Agreement. The aforesaid change in the Monthly
Installments shall be effected only prospectively.
2.14. Borrower will have option to pay advance monthly Installments/EMI’s. The amount paid by Borrower towards advance
monthly installment/EMI will be applied for repayment of monthly installments/EMI only and will NOT be treated as
part-prepayment or foreclosure of the Loan, irrespective of the loan variant availed by Borrower. NO interest is payable
by BFL on the advance monthly installment/EMI amount paid by Borrower.
2.15. At the written request of the Borrower and upon the Borrower making payment of the Pre-Payment Charges detailed in
the Schedule, the Lender may foreclose the Loan by accepting the pre-payment of the Outstanding Dues (“Pre-
Payment”) as detailed below.
(a) Full Pre-payment/ Foreclosure Charges

At the request of the Borrower, the Lender may accept the full Pre-Payment of the Outstanding Dues and foreclose
the Loan if the Borrower has paid at least one Monthly Instalment and the applicable Pre-Payment Charges. For the
term loan, the advance EMI loan, the Step Down Structured Monthly Instalment Loan and the Step Up Structured
Monthly Instalment Loan variants, the full Pre-Payment charges shall be 4 (four) percent of the outstanding loan
amount payable by the Borrower to the Lender on the date of full pre-payment of the loan plus applicable taxes.
For the Flexi Term Loan and Flexi Hybrid Loan variants, the full Pre-Payment charges shall be 4 (four) percent of the
Total Withdrawable Amount by the Borrower on the date of full pre-payment of the loan plus applicable taxes. "Total
Withdrawable Amount" means the total Loan amount that can be withdrawn by the Borrower under the Flexi Term
Loan and Flexi Hybrid variant, from time to time as per the repayment schedule and Amount Available for Further
Disbursal, if any, from time to time as per the repayment schedule.
(b) Part Pre-Payment Charges

At the request of the Borrower, the Lender may accept part Pre-Payment of the Loan provided the amount of part
Pre-Payment shall be equal to a minimum of one Monthly Instalment and provided that the Borrower should have
paid at least one Monthly Instalment prior to making part Pre-Payment. Based on the part Pre-Payment made by
the Borrower, either the tenure of the loan specified in the Schedule ("Loan Tenure") shall be reduced to the extent
of the part Pre-Payment made or the Monthly Instalment amount shall be reduced by maintaining the Loan Tenure
with the mutual written consent of the Parties. It is hereby clarified that the conditions contained in this Clause 2.15
(b) shall not apply where the Borrower has availed the Flexi Term Loan or the Flexi Hybrid Loan.
Borrower hereby agrees and acknowledges that Part-Pre-Payment shall have to be made from bank account of the
Borrower. Any payment made through third party lender by online transfer or by issuance of Demand Draft/pay
order, shall be considered as repayment of the Outstanding Dues by the Borrower In the event Borrower(s) has
availed the Flexi Term Loan or Hybrid Flexi Loan, minimum Outstanding Due of INR 100/- out of the utilized amount
to be maintained for the keeping the loan account active till completion of tenure of the loan or complete foreclosure
of the loan account by paying applicable Foreclosure charges.
2.16. Any dispute or difference of any nature whatsoever shall not entitle the Borrower to withhold or delay payment of any
Monthly Instalments or Outstanding Dues and the Lender shall be entitled to present the Cheques/NACH or any other
Repayment Mode, to the bank of the Borrower on the Due Dates.
2.17. The Borrower understands, confirms and agrees that the Lender shall, at its sole discretion, at multiple occasions and on
different dates, present the NACH mandate or any other electronic or other clearing mandate ("Payment Mandate")
given by the Borrower in favour of the Lender covering all the Outstanding Dues which returns unpaid, for recovering the
Outstanding Dues from the Borrower and until realization of all Outstanding Dues. The Borrower agrees and undertakes
that the Borrower shall not object to such presentations by the Lender. Further, the Borrower understands and agrees
that return of the Payment Mandate will result in Bounce Charges being added to the Outstanding Dues an be payable
by borrower.
2.18. The Borrower further agrees and confirms to comply with the following terms and conditions:
(a) If the Borrower avails the Loan in the form of Advance EMI Loan, then: (i) the Borrower shall pay in advance, the
amount of the last Monthly Instalment in relation to the Loan as mentioned in the Schedule; (ii) it is agreed by the
Borrower that the Monthly Instalment paid in advance, as per Clause 2.18 (a) (i), shall be deducted from the Loan
and the remaining amount of the Loan after such deduction will be disbursed to the Borrower.
(b) If the Borrower avails the Loan in the form of the "Step Down Structured Monthly Instalment Loan" variant,
then the Borrower shall have the benefit of paying staggered or different amounts of Monthly Instalments in relation
to the Loan which become payable during the Loan Tenure as mentioned in the Schedule wherein the amount of
Monthly Instalments paid by the Borrower will decrease gradually during the Loan Tenure.
(c) If the Borrower avails the Loan in the form of the "Step Up Structured Monthly Instalment Loan" variant, then
the Borrower shall have the benefit of paying staggered or different amounts of Monthly Instalments in relation to
the Loan which become payable during the Loan Tenure as mentioned in the Schedule wherein the amount of
Monthly Instalments paid by the Borrower will decrease gradually during the Loan Tenure.
(d) If the Borrower avails the Flexi Term Loan, then: (i) the roll over amount/amount available for Flexi Drawdown shall
be reduced on a periodic basis such that the aforementioned amount shall be reduced to zero at the end of Loan
Tenure; (ii) The reduction of the roll over amount/amount available for Flexi Drawdown, as provided in Clause 2.17
(d) (i), shall be either through: a) the equated principal repayment method under which the amount available for
drawdown will be reduced/deducted on an equated basis during the Loan Tenure ("Equated Principal
Repayment Method") or b) the written down value method under which the amount available for drawdown will
be reduced/deducted on reducing balance basis during the Loan Tenure ("Written Down value Method"); (iii) the
Monthly Instalments may comprise of equal instalments or variable Instalments as opted by the Borrower;
(e) If the Borrower avails the Flexi Hybrid Loan, the following shall apply: (i) the Borrower shall have the benefit of
paying Monthly Instalments comprising only of the interest component, during the Initial Loan Tenure and during
the Subsequent Loan Tenure, the Monthly Instalments shall comprise of the principal amount of the Loan and
interest; (ii) the Borrower may, during the Subsequent Loan Tenure, select either the Flexi Term Loan or the term
loan variant of the Loan; (iii) at any time during the Subsequent Loan Tenure, upon the request of the Borrower or
for any other reason deemed fit by the Lender, the Lender may, in its sole and absolute discretion, change the Loan
variant from Flexi Term Loan to term loan variant or vice versa, as the case may be and accordingly revise the
Monthly Instalment and the repayment schedule of the Loan. The Borrower agrees to be bound to pay such revised
Monthly Instalment as per the repayment schedule revised by the Lender. Such revision in the Monthly Instalment
and repayment schedule shall be effective from a prospective date and the Lender shall notify the Borrower in
advance to this effect.

2.19. Flexi Structure – (a) The Lender may, at its sole and absolute discretion, grant a Loan to the Borrower under the Flexi
Term Loan or the Flexi Hybrid Loan on the terms and conditions contained in this Agreement and the Loan Documents;
(b) As flexi feature, Borrower can avail partial disbursement of Loan at the beginning and can avail the balance available
Loan amount any time thereafter during the loan tenure, as per sole discretion of BFL (c) The Borrower shall be eligible
to make drawdown under the Flexi Term Loan or the Flexi Hybrid Loan for an amount less than or equivalent to the
amount of prepayment made by the Borrower under the Flexi Term Loan or the Flexi Hybrid Loan in terms of Clause 2.15
of this Agreement; (d) Any drawdown from the said facility shall be for a minimum amount of INR 1000/- (e) For availing
the Flexi Drawdown, the Borrower agrees to the following conditions: (i) the Borrower shall request for a Flexi Drawdown
by sending a Communication through Electronic Media or shall raise a request on Mobile/Web Application of BFL, as per
the prescribed process and it is hereby clarified that the Lender reserves the right to reject Flexi Drawdowns or disallow
further Flexi Drawdowns, in accordance with the Lender’s internal policy or for any other reason deemed fit by the Lender
in its sole and absolute discretion; (ii) to pay an additional charge at the rate prescribed by the Lender from time to time;
and (iii) that the rate of interest and other repayment terms shall be revised and the same shall be as intimated by the
Lender to the Borrower through Electronic Media; (iv) BFL reserves the right to either accept or reject Flexi Drawdowns or
disallow further Flexi Drawdowns, in accordance with BFL’s internal policy or for any other reason deemed fit by BFL in
its sole and absolute discretion; (v) Borrower can request for change of disbursement/ drawdown bank account details
any time during the loan tenure as per the process stipulated by BFL, from time to time.
2.20. The Borrower hereby irrevocably authorizes the Lender to destroy the Cheque(s) (if any) in the possession of the Lender
upon repayment of the Loan together with all costs, charges and expenses, by the Borrower to the satisfaction of the Lender.
2.21. Notwithstanding anything contained herein, the Lender shall be entitled to adjust any advance Monthly Instalment and/or
security deposit/initial payment made by the Borrower towards any Outstanding Dues in such manner and at such time
as the Lender may determine in its sole discretion.
2.22. All sums payable by the Borrower to the Lender shall be paid without any deductions whatsoever and shall be so paid
so as to enable the Lender to realize the sum on or before the Due Date. Credits/discharge for payments will be given
only on realization of amounts due.
2.23. In the event of the Borrower committing a default in the payment of any sum payable hereunder and/or in relation to
the Loan or the Borrower committing any breach or default of any other condition of this Agreement or under any other
instrument in respect of the Loan, the Borrower shall, in respect of the Outstanding Dues and in respect of the Monthly
Instalments or other amount in default, pay Penal Interest as detailed in the Schedule, from the date of default till the
date of realization by the Lender. The payment of Penal Interest shall not absolve the Borrower of the other obligations
in respect of such breach or default or affect the rights of the Lender in respect of the breach or default. The Penal Interest
is subject to change from time to time.
2.24. Any sums received by the Lender from the Borrower shall be appropriated in the following manner: (a) Firstly, against
interest payment; (b) secondly, against principal amount of the Loan; (c) thirdly, against overdue Monthly Instalments;
(d) fourthly, against Bounce Charges; and (e) lastly, against any other penal charges or any other claim of the Lender on
the Borrower under the Loan Documents. Notwithstanding the above, the Lender may be entitled to, at its absolute
discretion to appropriate amounts received in any order or priority.
2.25. Borrower agrees that, the timely repayment of loan as per the EMI due date is important and necessary to be adhered
by Borrower without exception else, the loan account shall be flagged as overdue as per Regulatory Guidelines and the
same is detailed below, for ease of your understanding:
REGULATORY REQUIREMENT ILLUSTRATION
Classification as Special Mention Criteria for classification of Loan Date of payment of Loan Dues
Account (SMA) / Non-Performing account, is based on Non-receipt of (January 07, 2022) & its classification
Asset (NPA) Principal or interest payment or any upon non-payment
other amount wholly or partly
overdue (shortly referred below as
“Loan Dues”)
SMA-0 Non-receipt of Loan Dues till 30 SMA-0: Upto February 05, 2022
days from the Due Date.
SMA-1 Non-receipt of Loan Dues for more SMA-1: On February 06, 2022, it shall be
than 30 days and upto 60 days from classified as SMA-1 if complete loan
the Due Date. dues are not paid to BFL.

SMA-2 Non-receipt of Loan Dues for more SMA-2: On March 08. 2022, it shall be
than 60 days and upto 90 days from classified as SMA-2 if complete loan dues
the Due Date. are not paid to BFL.
NPA Non-receipt of Loan Dues as of 91st NPA: On April 07, 2022, it shall be
day from the Due Date. classified as NPA if complete loan dues
are not paid to BFL.
2.26. If the EMI/Monthly Instalment due date in respect of the loan falls on a day which is not a Business Day, the EMI/Monthly
Instalment shall be presented on the immediate next Business Day for such EMI/Monthly Instalment payment.
2.27. BFL provides an explicit option to the borrower to exit loan within the Cooling off/Look-up period, by repaying the principal
amount and the proportionate Annual Percentage Rate (APR) without any penalty during the said period. For borrowers
continuing with the loan even after Cooling period/Look-up period, option of pre-payment shall continue to be available
as per extant RBI guidelines, as applicable from time to time.
For cancellation of the loan during the Cooling off/Look-up period, Borrower can contact BFL on 8698010101and/or write to
BFL at wecare@bajajfinserv.in
Borrower hereby agrees and acknowledges that, after disbursal of loan amount, any request for cancellation, after the
Cooling off period, will not be entertained. However, Borrower will have the option to foreclose the loan subject to: (i)
adherence of terms of this Agreement; (ii) payment of interest till date of foreclosure of loan (iii) payment of applicable
foreclosure charges as stated in the Schedule. Further, the fees and charges paid/collected/deducted in relation to such
loan is NOT refundable.
2.28. Borrower(s) agrees and acknowledges that:
(i) In the event of availableness of surplus funds which are intended to be utilised by the Borrower(s) for any advance
payment towards EMI, such payment shall be made at-least five (5) days prior to EMI due date for enabling
adjustment of the same on the current month’s EMI due date;
(ii) Such advance payment is facilitated by BFL for the convenience of its esteemed Borrower(s) and NO interest on such
advance payment is applicable;
(iii) If the time gap in making such payment is less than 5 working days prior to the current month’s EMI due date, such
payment shall be adjusted on the subsequent month’s EMI due date (and not against the current month’s EMI due
date). For example, if EMI due date is January 10, 2023 and payment is made after January 5, 2023, such amount
shall be adjusted on February 10, 2023; and
(iv) If the standing instructions for payment of current months EMI stands dishonored for any reason, such advance
payment so received may be appropriated towards such dishonored EMI payable by the Borrower(s).
3. BORROWER’S REPRESENTATION AND WARRANTIES

The Borrower hereby represents and warrants to the Lender on a continuing basis as follows:
(a) The Borrower does not: (i) suffer from any statutory or legal infirmities affecting the pursuit or running of its business
/undertaking, including without limitation insolvency/bankruptcy proceedings; and (ii) violate any covenant, conditions
or stipulations under any existing agreements entered into by the Borrower with any party, by availing this Loan.
(b) All information provided by the Borrower to the Lender whether in this Agreement or otherwise are true, complete
and accurate in every respect.
(c) The Borrower assures that subsequent to the application there has been no change, which would affect the provision
of the Loan.
(d) No litigation, arbitration, administrative or other proceedings are pending or threatened against the Borrower or its
assets which might have an adverse effect in relation to the Borrower.
(e) The Borrower’s obligation under this Agreement shall constitute private and commercial acts done and performed for
private and commercial purposes and the Borrower shall not be entitled to claim immunity for themselves from suits,
executions, attachments or disputes in any proceedings in relation to this agreement.
(f) Any admission or acknowledgement in writing given or any part payment made by the Borrower in respect of the
Loan shall be binding on the Borrower
4. BORROWER’S COVENANT
The Borrower hereby covenants that during the period of this Agreement, the Borrower: (i) shall observe and perform all its
obligations and covenants under this Agreement; (ii) shall ensure timely payment of the Monthly Instalments to the Lender

and ensure that the Repayment Modes issued towards payment of the Outstanding Dues including Monthly Instalments are
honoured on presentation; (iii) shall ensure that its bank account has been debited towards the Monthly Instalments and in
case the bank account has not been so debited, the Borrower shall be obliged to inform the Lender in this regard within 3
(three) Business Days from the Due Date of such Monthly Instalment; (iv) shall ensure that all Monthly Instalments/payments
in relation thereto are made available to the Lender free from any encumbrances or dues, including statutory dues; (v) shall
be obliged to promptly notify the Lender of any change in the Borrower’s address, phone number, employer name, email
address, as mentioned in the Schedule; (vi) confirms that it shall ensure availability of funds in the bank account on which
such Cheques have been drawn and that the Borrower will not at any time close the bank account until the full and final
payment of the Outstanding Dues has been made to the Lender by the Borrower; (vii) shall not change its name or change
the bank account on which the Cheques have been drawn without prior written consent of the Lender; (viii) shall pay/
reimburse the Lender against all expenses for any purpose relating to this Agreement including any taxes pertaining to this
Agreement, or the Loan and enforcing the terms thereof; (ix) shall, in a timely manner, pay and bear all taxes, rates, duties,
charges and other imposts and obligations, existing as well as in future, in respect of the product, the transaction hereunder
and with respect to its business activities; and (x) shall do all such things and execute all such writings as the Lender may
require from time to time for duly or more perfectly securing the repayment of the Loan. and (xi) shall be obliged to submit
to the Lender updated KYC documents within 30 days of such change/update, if any.
THE BORROWER UNDERTAKES THAT:

(a) No change whatsoever in the constitution of the Borrower during the continuance/subsistence/validity of this
Agreement shall impair or discharge the obligations of the Borrower under this Agreement or any one or all partners
of the Borrower, in the event the Borrower is a partnership firm;
(b) If the Borrower is a company: (i) it shall forthwith upon any change in the constitution of the Borrower inform the
Lender of the change and provide details of such change and its effect, as may be required by the Lender, in its sole
discretion; and (ii) it shall furnish to the Lender certified true copies of all approvals as may be required under the
Companies Act, 1956/2013 or other Applicable Law including without limitation resolutions passed by the board of
directors of the Borrower, in relation to this Agreement and Loan Documents, (iii) the Books of Accounts, including the
statements shall be maintained as per the prevailing Accounting standards and shall provide True and Fair view.
(c) If the Borrower is a limited liability partnership: (i) it shall forthwith upon any change in the constitution of the
Borrower inform the Lender of the change and provide such details in respect of the change and its effect, as may
be required by the Lender, in its sole discretion; and (ii) it shall furnish to the Lender certified true copies of all
approvals as may be required under the Limited Liability Partnership Act, 2008 as also any other Applicable Law
including without limitation resolutions passed by the partners of the Borrower, in relation to this Agreement and
other documents in relation to the Loan.
(d) If the Borrower is a partnership firm: (i) In the event of death or retirement of any partner of the Borrower, the Lender
shall at its discretion deal with the surviving and/or continuing partner/s, without affecting their rights as against the
retiring partner or the heirs and legal representatives of the deceased partner of the Borrower, as the Lender shall
think fit and proper, and the retiring partner and/or the heirs, executors, administrators, legal representatives of the
deceased partner of the Borrower shall have no claim against the Lender in respect of such dealing; (ii) the partners
as named in this Agreement are the only partners of the Borrower; (iii) the partners of the Borrower shall advise the
Lender in writing of any changes which may take place in the partnership and its working including the Business in
which it is involved; (iv) the partners of the Borrower will not dissolve/reconstitute the partnership firm without
approval of the Lender; (v) the partners of the Borrower are jointly and severally liable to the Lender for performance
of all the obligations under this Agreement; and (vi) the acts, deeds and things done and/or documents, confirmations,
acknowledgements given/provided by any or some of the partners of the Borrower in connection with this Agreement
and the transactions contemplated under this Agreement shall bind all the partners of the Borrower.
5. LIEN AND SET OFF

The Borrower agrees, declares and confirms that, notwithstanding anything contrary contained in this Agreement, the
Lender is entitled:
(a) To exercise right of set off against (i) any refund that may be received by the Lender; or (ii) amount payable to
Borrower by the Lender, as against (i) any and all outstanding dues receivable from the Borrower under any
loan/finance arrangement; and/or (ii) owing to any excess sum credited by Lender;
(b) The Borrower confirms that the Lender and/or any of its Affiliates and/or Subsidiaries and/or Lender’s Group
shall have the paramount right of set-off and lien, irrespective of any other lien or charge, present as well as
future, on the deposits, and balances lying to the credit, in any accounts of the Borrower under the control of
the Lender, to the extent of all outstanding dues pursuant to this Agreement or under any other agreement.”
of all terms and conditions on each Page of this Agreement

(c) To exercise the right of set off (irrespective of any settlement that may be entered any time in future) and thereafter
notify the Borrower as soon as reasonably practicable.
(d) To exercise the right of lien (irrespective of any settlement that may be entered any time in future) by providing a
reasonable notice to the Borrower prior to exercising the said right against any account of the Borrower.
6. DEFAULT
6.1 The Borrower shall be deemed to have committed an act of default if the Borrower does not comply with its obligations
as mentioned in this Agreement and also on the happening of any one or more of the following events, (each an "Event
of Default" and collectively "Events of Default"): (a) The Borrower fails to pay any Monthly Instalments or the
Outstanding Dues under this Agreement on or before the Due Date or commits breach of any of the terms, covenants
and/or conditions contained in this Agreement; (b) if BFL observes any deterioration in credit performance of Borrower
(c) It is found that the Borrower commits a default of any of the terms and conditions in respect of any other loan or
facility provided by the Lender and/or any Affiliates of the Lender; (d) there exists any circumstances which in the opinion
of the Lender prejudicially affects or may affect the Lender’s interest under this Agreement or under any other facility
sanctioned by the Lender to the Borrower or the Borrower’s ability to repay the Loan; (e) if it is found that the Borrower
has made any misrepresentation to the Lender; (f) demise of the Borrower in the event Borrower being Individual; (g)
The occurrence of an Insolvency Event in relation to the Borrower or initiation of any application/proceeding of insolvency,
liquidation and/or bankruptcy of the Borrower before any court/tribunal; (h) if the Borrower or any partner or designated
partner or director of the Borrower ceases to carry on the declared profession and or becomes disqualified or disentitled
(temporarily or permanently) from carrying on the declared profession and/or ceases to be a member of the association
of professionals of which the Borrower or any partner or director of the Borrower is a member and/or if any disciplinary
proceeding or action is instituted or taken against the Borrower or any partner or director of the Borrower; If there is any
change in the status or constitution of the Borrower and such change has not been communicated to the Lender in the
manner as specified in this Agreement or if the change though communicated, is considered by the Lender to be a material
change; or (i) if any proceedings are pending or threatened against the Borrower by any government agency or authority
for any misconduct or breach/violation of any law or regulations or code of conduct, etc. (j) failure of the Borrower to
replenish the DSRA amount within the timeline as stipulated in clause 2.4 above.
6.2 Upon the occurrence of Event of Default and at any time thereafter, if any such event shall be continuing, the Lender
may at its sole discretion (a) accelerate the repayment of Loan including the Outstanding Dues; (b) place the Loan on
demand or declare all Outstanding Dues payable by the Borrower in respect of the Loan to be due and payable
immediately; (c) recover the Bounce Charges, Penal Interest and any other penal charges from the Borrower as mentioned
in the Schedule; (d) exercise such other rights and remedies as may be available to the Lender under law during the
pendency of the Loan including without limitation under Section 138 of the Negotiable Instruments Act, 1881 and under
Section 25 (1) of Payment and Settlement Systems Act, 2007; and/or (e) stipulate such other condition(s) or take such
other action(s) as the Lender deems fit.
6.3 The Occurrence of any Event of Default as mentioned above shall also be treated as default under any other loan(s)/
finance facility(ies) currently availed and/or that may be availed by the Borrower from the Lender from time to time.
7. GENERAL TERMS
7.1 The Borrower acknowledges that the Statement of Account (SOA) is accessible to the Borrower from either (i) its website
www.bajajfinserv.in/ or (ii) “Bajaj Finserv App” or (iii) under a specific written request made to BFL, and is obliged to
seek clarification immediately on any entry in the SOA within 10 (ten) Business Days from the date of the relevant entry
of the transaction in the SOA failing which, the Borrower shall not be entitled to object/dispute at a later point of time
and the Borrower hereby expressly waives any such right under law. Further, such SOA shall be binding on the Borrower.
7.2 The Borrower agrees and confirms that the Lender shall not be obliged to grant and/or continue the credit facility, if it is
apprehended that the terms mentioned in the sanction letter (if any) and this Agreement are not or may not be met to
the satisfaction of the Lender. The Borrower further agrees that, the Lender may, absolutely and unconditionally, reduce,
revoke, cancel and/or modify any undrawn amount (in whole or part), if any, from the sanctioned loan amount, at its
discretion, at any time, without giving any prior notice to the Borrower or without assigning any reasons thereof.
7.3 The Borrower confirms that if a demand promissory note is issued by the Borrower, the same shall operate as continuing
promise to the Lender to repay the Outstanding Dues and/or all sums remaining unpaid under the Loan, including all
interest to become payable in respect of/under the Loan or which may in future be advanced and that the Borrower will
remain liable under the demand promissory note notwithstanding payment made into the account of the Loan or the
Loan being reduced or extinguished, from time to time, or even if the balance in the account of the Loan may be in redit.
In case of death of the Borrower, the demand promissory note(s) given by the Borrower may be invoked against
his/her/its legal heir/s, legal representative/s, executor/s, administrator/s and permitted assign/s.

7.4 Any promotional scheme and/or contest being initiated by the Lender for its customers is independent of this Agreement
and the Loan and such promotional schemes and/or contests do not constitute any kind of solicitation by the Lender. Such
promotional schemes and/or contests shall be governed by the terms and conditions in relation thereto, which shall be
carefully read and understood by the Borrower in case the Borrower decides to participate in such schemes/contests.
7.5 The Borrower shall pay any and all stamp duty, stamp duty penalties, registration fees and similar taxes and duties which
are or may become payable in connection with the entry into, ("Stamp Duty Charges") performance or enforcement of
this Agreement and/or Loan Documents that may be executed by me/us, whether at the time of execution or any time
thereafter. The Borrower hereby agrees that in case the Lender pays any Stamp Duty Charges in relation to this Agreement
and/or Loan Documents or any other underlying/associated documents, whether at the time of execution or thereafter
then the Lender shall be entitled/authorized to recover the same from the Borrower at any time.
7.6 The Borrower shall provide to the Lender the correct Goods and Service Tax ("GST") registration number ("GSTIN") of the
Borrower and the Lender shall not be responsible for verification of the same. In the event, the Borrower fails to furnish
the GSTIN to the Lender; the Borrower shall be treated as unregistered for the purpose of GST.
7.7 The Lender shall raise an invoice on the Borrower in respect of the fees, charges and/or penal interest levied as per the
Loan Documents. In the event the Lender issues a credit note towards adjustment of any discrepancy in the value of
invoice raised by the Lender and if Borrower has failed to adjust the excessive input tax credit claimed by the Borrower
on account of such discrepancy, the Borrower shall pay to the Lender the differential input tax credit, within a period of
30 (thirty) days from the date such issue is raised by the Lender. In the event the said amount is not paid by the Borrower
to the Lender, the same shall be a debt due from the Borrower and shall be payable forthwith to the Lender together
with any interest thereto.
7.8 The Lender shall not be liable for any loss of credit arising on account of incomplete, erroneous or wrong details mentioned
in the invoice. Any provision of this Agreement which is prohibited or unenforceable including without limitation due to
any notification, guidelines, circular issued by RBI from time to time, in any jurisdiction shall, as to such jurisdiction, be
ineffective only to the extent of such prohibition or un-enforceability but that shall not invalidate or affect the remaining
provisions of this Agreement nor affect such provision in any other jurisdiction.
7.9 The liabilities of the Borrower, if any, under this Agreement shall be joint and several.
7.10 Any delay in exercising or omission to exercise any right, power or remedy accruing to the Lender under this Agreement
or any other agreement or document shall not impair any such right, power or remedy and shall not be construed to be
waiver thereof or any acquiescence in any default, nor shall the action or inaction of the Lender in respect of any default,
nor shall the action or inaction of the Lender in respect of any default or any acquiescence by it in any default affect or
impair any right, power or remedy of the Lender in respect of any other default.
7.11 Without prejudice to all other rights as the Lender or any of the third parties appointed by the Lender may have under
this Agreement and under law, on the occurrence of an Event of Default, the Lender, its authorized representatives,
agents, and third parties as appointed by the Lender are authorised to use the contact details provided by the Borrower
to get in touch with the Borrower (including the authorized signatory(ies)/representative(s), guarantor(s) (if any) and
third parties including the family members of the Borrower) whose information the Borrower has provided to the Lender.
Also, the Borrower may be sent reminders from time to time for settlement of any Outstanding Dues by post, telephone,
e-mail, SMS text messaging via mobile phone.
7.12 BFL reserves the right to levy such fees and/or charges, from time to time, as specified in the Loan Documents and/or
deemed fit by the BFL in its sole and absolute discretion. The fees and charges levied by BFL in pursuance to the Loan
Documents shall be non-refundable and non-transferable. Notwithstanding anything to the contrary contained herein,
BFL may during the Loan Tenure and at its sole discretion, with or without any prior notice to the Borrower, amend /
revise any of the terms and conditions contained in the Agreement including the repayment schedule, Interest Rate
and/or amend / revise any other fee or charge such as Default Interest, Processing Charges, Bounce Charges, Pre-payment
Charges, Service Charges, additional charges, if any, and the Borrower acknowledges and agrees to be bound by such
revised terms and conditions including repayment schedule, Interest Rate and/or such fee or charges mentioned above.
BFL shall notify the Borrower of such changes by updating the same on the website: https://www.bajajfinserv.in/all-
fees-and-charges or through any other means of communication as BFL may deem fit. The Borrower hereby agrees to
keep himself/herself/itself abreast with all notifications on the website in this regard and shall be bound by the aforesaid
change and agrees not to dispute the same.
Borrower agrees and understands that it is the responsibility of the Borrower to pay the charges that are due and payable
to the Lender (including but not limited to Annual Maintenance Charge (AMC), Bounce Charge, penal charges). Accordingly,
the Borrower agrees to sufficiently fund the loan account for debiting the above referred charges. However, in the event
where the AMC becomes due and if any amount availed under the Flexi Loan remains unutilized, the Lender reserves the
right to debit the unutilized Flexi Loan Limit to the extent of the said charges due, thereby resulting in increase of the

Flexi Loan utilized amount. The Borrower further understands and agrees that Interest shall be charged by the Lender on
the amount so utilized under the Flexi Loan account, with the calculation being done on daily basis, depending on the
amount utilized on the said date.
7.13 The Borrower(s) shall pay interest on the Loan on the Interest Payment Date at the applicable Interest Rate. Subject to
the commencement of Interest Payment Date. All interest accruing on the outstanding dues under the Loan shall accrue
from day to day and shall be calculated on a reducing balance by taking a base of 360 (three hundred and sixty) days per
year. The Borrower(s) confirms having perused, understood the BFL's method of calculating the interest on the Loan on
reducing balance rate and also the calculation of the Monthly Instalments.
Wherein Interest Payment Date shall mean the due date for the payment of the Monthly Instalment of the interest on
the Loan and/or such other date as may be specified by the BFL, commencing from the date of the Disbursement of the
Loan and includes the due date for the payment of interest on the principal amount payable by the Borrower(s) before
the commencement of the Monthly Instalment
7.14 Interest rate applicable for Business and Professional Loans in Bajaj Finance Limited varies basis our internal credit and risk
policy and as per an algorithmic multivariate score card which includes following variables (Inclusive and not exhaustive)
(a) Interest rate risk (fixed vs floating loan)
(b) Credit and default risk in the related business segment
(c) Historical performance of similar homogeneous clients
(d) Profile of the borrower
(e) Industry Segment
(f) Repayment track record of the borrower
(g) Secured Vs unsecured loan
(h) Ticket size of loan
(i) Bureau Score
(j) Tenure of Loan
(k) Location delinquency and collection performance
(l) Customer Indebtedness (other existing loans)
The aforesaid variables may be revised from time to time as per the Lender’s past performance in a given loan portfolio.
8. ASSIGNMENT OF RIGHTS
The Lender shall at any time, without any consent of or notice to the Borrower be entitled to securitise, sell, assign,
discount or transfer all or any part of the Lender’s right and obligations under this Agreement or other Loan Documents,
to any person(s) in such manner and on such terms as the Lender may decide at its sole discretion. The Borrower shall
not be entitled to directly or indirectly assign or in any manner transfer, whether in whole or part, any rights or obligations
under this Agreement and other Loan Documents in any manner whatsoever, to any third party.
9. DISCLOSURE
9.1 The Borrower agrees and understands that as a pre-condition relating to the grant of the Loan to the Borrower, the Lender
requires the Borrower’s consent for the disclosure by the Lender of information and data relating to the Borrower, of the
Loan availed of/to be availed by the Borrower, obligations assured/to be assured by the Borrower in relation thereto,
default, if any, committed by the Borrower in discharge thereof and any other information made available by the Borrower
to the Lender. The Borrower further declares that the information and data furnished by the Borrower to the Lender is true
and correct.
9.2 Accordingly, the Borrower agrees and gives consent for the disclosure by the Lender, if required under the Applicable Law
or obtaining, of all or any such: (a) information and data relating to the Borrower; (b) the information or data relating to
Loan availed of/to be availed by the Borrower; and (c) default, if any, committed by the Borrower in discharge of such
obligation as the Lender may deem appropriate and necessary to disclose and furnish to Credit Information Companies
("CICs"), Central KYC Registry (CERSAI) including but not limited to Trans Union CIBIL Limited and/or any other agency
authorized in this behalf by RBI and/or under Applicable Law and/or to Information Utilities ("IU") or any other person
pursuant to the Insolvency and Bankruptcy Code 2016; and/or to any other statutory or regulatory or law enforcement
authority (including Court and/or Tribunals).
9.3 In the event of the Borrower committing a default in the repayment of Outstanding Dues, the Lender shall have an
unqualified right to disclose the name of the Borrower to RBI, CICs, Central KYC Registry (CERSAI), IU and any other agency
authorised in this behalf under Applicable Law. The Borrower gives its consent to the Lender and/or RBI and/or CICs and/or
IU and/or any other agency authorised under the Applicable Law to publish their name as defaulters in such manner and
through such medium as the Lender/RBI and/or CICs/or IU in their absolute discretion may think fit. The aforesaid right
shall be available to the Lender in addition to and not in derogation of any other rights available under the Agreement.

9.4 The Borrower further understands and agrees that: (a) RBI, CICs, Central KYC Registry (CERSAI) IUs and/or any other agency
so authorized under the Applicable Laws and regulations, may use and/or process the said information and data disclosed
by the Lender in the manner as deemed fit by them; and (b) CICs, Central KYC Registry (CERSAI), IUs and/or any other
agency so authorized under the Applicable Law, may furnish for consideration the processed information and data or
products thereof prepared by them, to the Lender/financial institutions and other credit grantors or registered users, as
may be specified by RBI in this behalf.
9.5 The Borrower hereby agrees that in case the IU seeks any consent with respect to disclosure of the appropriate details,
such consent shall be provided not later than 7 days from the date on which the same is sought. In case such consent is
not forthcoming, the IU shall be in every right to treat such a consent being accorded by the Borrower to disseminate
such information as appropriate disclosures. The Borrower expressly agrees and undertakes that it waives its right to take
any defence on the ground of consent not being accorded in any proceedings. The Borrower hereby agrees and
undertakes to indemnify and hold harmless the Lender, the IU, its officers, Directors, employees, on account of any losses,
damages that may be incurred on account of any such action on its part.
9.6 The Borrower understands and agrees that the Lender may also disclose any information/documents relating to the
Borrower to any third-party including Lender’s Affiliates for promotional purposes or any other purpose as the Lender may
deem fit.
9.7 The Borrower further understands and agrees that the Lender may verify, any information or documents provided to the
Lender with respect to the Loan, including, but without limitation, verifications with employers, financial institutions, other
banks, at the time of the making the application for the Loan or at such intervals as may be decided by the Lender.
10. INDEMNITY
10.1. The Borrower shall indemnify the Lender (and its Affiliates) at all times hereafter from and against any and all claims,
damages, costs, losses, expenses, suits, proceedings, actions, liabilities, etc. that may have been suffered by the Lender
and/or its Affiliates by reason of any act/omission by the Borrower or default on the part of the Borrower under this
Agreement/in respect of the Loan and/or for the recovery of the Outstanding Dues (including legal/attorney fee).
10.2. The Borrower further agrees to indemnify and keep indemnified the Lender and/or its Affiliates from time to time and at
all times hereafter and against any and all claims, duties, damages, costs, losses expenses, suits, proceedings, actions,
liabilities etc. whatsoever: (a) for/under which the Lender and/or its Affiliates may be liable on account of destruction of
the Cheques of the Borrower in accordance with Clause 2.19 at any point of time, whether at the time of execution of this
Agreement or any time thereafter; and (b) arising in connection with or relating to any Communications (as defined below)
provided/received by the Lender and/or its Affiliates by Electronic Media (as defined below).
11. COMMUNICATIONS
11.1. Any notices to be provided to the Borrower, would be delivered personally or through any one or more of the Acceptable
Means of Communication or by registered post or email or through any other electronic form to the addresses as
mentioned in Schedule or to such other address as may be notified for the purpose by the Borrower from time to time.
Such notices shall be deemed to have been delivered: (i) 3 (three) days following dispatch by registered post; (ii) at the
time so delivered, if delivered personally; (iii) at the time when such electronic message enters into such Borrower’s
computer or any other electronic device, as the case may be, if delivered by e-mail or through any other electronic form.
11.2. Without prejudice to all other rights as Lender or any of the third parties appointed by Lender may have under this
Agreement and under law, on the occurrence of an Event of Default, Lender, its authorized representatives, agents, and
third parties as appointed by Lender are authorized to use the contact details provided by the Borrower to get in touch
with the Borrower (including the authorized signatory(ies)/representative(s), and third parties including the family
members of the Borrower) whose information the Borrower has provided to Lender. Also, the Borrower may be sent
reminders from time to time for settlement of any Outstanding Dues by post, fax, telephone, email, SMS text messaging
via mobile phone.
12. ELECTRONIC MEDIA

12.1 The Borrower hereby confirms, acknowledges and agrees that the online acceptance of this Agreement including any
addendums hereto through the Website or Application or such other electronic means results in a binding contract between
the Parties.
12.2 The Borrower is aware that transmission of this Agreement, addendums to this Agreement, terms and conditions,
instructions, acceptances and communications () through electronic "Communications" means such as e-mail, facsimile,
SMS text messaging, websites, online acceptance, etc. ("Electronic Media”) involves a number of risks including fraudulent
alterations and incorrect transmissions and absence of confidentiality. However, the Borrower is desirous of receiving
Communications from and providing Communications to the Lender through Electronic Media for various matters under
this Agreement including in relation to the Loan and the operation thereof. The Borrower understands and acknowledges

that there are inherent risks involved in sending the instructions/communications/documents/ notices via email and /or
in any other electronic/written form and hereby agree and confirm that all risks arising therefrom shall be fully borne by
the Borrower, whether or not it has resulted due to any non-communication, miscommunication, or technological error
beyond the control of the Lender. Further, the Borrower shall duly inform the Lender about any change in the email
id/address and indemnify the Lender against any non-communication, miscommunication, error, loss and damage and
otherwise caused to the Lender. The Borrower agrees that any communication received by e-mail from the Lender shall
be effective from the time when it was sent by Lender.
12.3 In consideration of the Lender permitting the same, the Borrower hereby irrevocably, confirms and undertakes to the
Lender as under:
(a) The Lender shall be entitled (without being bound to do so) to rely upon the Communications provided through
Electronic Media (and believe the same to be genuine), for their requirements. In case of any question as to what
were the Communications provided or received, the records of the Electronic Media received by the Lender shall be
treated as final, conclusive and binding.
(b) The Borrower has ensured and shall ensure that the Communications provided through Electronic Media to the Lender
are provided by the Borrower and hereby agrees and confirms that the Lender shall not be responsible for conducting
any verification whatsoever in this regard.
(c) The Borrower confirms that the Lender shall not be bound to act in accordance with whole or any part of the communications
as it may appear in the Communications so conveyed and the same shall be at the sole risk of the Borrower.
(d) The Lender shall not be liable for the consequences of any act or any refusal or omission to act or deferment of action
by the Lender on basis of the Communications through the Electronic Media.
(e) The Lender shall not be required to await receipt of the Communications in writing before taking any action in connection
with the Communications provided through any Electronic Media and the non-delivery and non-conformity of such
Communications in writing shall not in any manner prejudice the Lender’s rights under this Agreement or otherwise.
(f) The Lender may at any time whatsoever without assigning any reason withdraw, modify, or add the facility/ies
provided to the Borrower in relation to the Communications through Electronic Media.
(g) The Borrower is aware and confirms that the Lender is agreeing to act on any Communications provided through
Electronic Media only because of, and relying upon the undertaking and indemnities contained in Clause 10.
12.4 The Borrower acknowledges the potential risk of data/privacy breach and the Borrower undertakes that Borrower shall
be solely liable for any unauthorized disclosure/breach of data, etc. and any direct/indirect losses suffered by any party
due to the same. Hence, the Borrower shall exercise utmost caution to ensure that their personal data/sensitive personal
data (including but not limited to any passwords, financial information, account details, etc.) are NOT shared/stored/made
accessible through:
(i) Any physical means with or without the Borrowers knowledge (disclosure to any person/third party, etc.) or
(ii) Through any electronic means, by exercising the following precautions/safety measures;
(a) The Borrower shall always check if “https” appears in any website’s address bar before making any online
transaction, to ensure that the webpage is encrypted;
(b) The Borrower shall avoid using third party extensions, plug-ins or add-ons on their web browser, as it may result
in the risk of tracking or stealing of personal details;
(c) The Borrower shall always type the information and not use the auto-fill option on web browser to prevent the
risk of storage of any personal/sensitive personal information;
(d) The Borrower shall NOT access darknet, unauthorized/suspicious websites, suspicious online platforms or download
applications from unreliable sources.
(e) The Borrower shall ensure to disable cookies before accessing any domain/website, to ensure that their personal
information is not tracked by any third party, unless otherwise consciously permitted by the Borrower by accepting
the same;
(f) The Borrower shall only use the official website/links of BFL/its associates/group companies/assigns for availing
products/services by inputting the domain information;
(g) The Borrower shall NOT respond to any generic emails from an unknown/unidentified source;
(h) The Borrower shall check the privacy policy of any website/application to know the type of information that may
be collected and the manner in which it may be processed before accepting/proceeding/transacting on said
website/application;

(i) The Borrower shall always verify and install authentic web/mobile applications from reliable source on your
computer/laptop/tab/i-pad/smart phone or any other electronic device;
(j) The Borrower shall NOT access any unidentified weblinks, bitly or any other electronic links shared over electronic
platform (such as email, SMS, social media, websites);
(k) The Borrower agrees that any communication received by e-mail from the Lender shall be effective from the time
when it was sent by Lender.
12.5. The Borrower shall be solely liable for disclosure of any personal/sensitive personal information without exercising proper
due diligence.
13. INSURANCE SERVICES AND VALUE-ADDED SERVICES (VAS)

13.1. The Lender may grant the Loan to the Customer as per Terms of the Loan Documents and such other document as may
be deemed necessary by the Lender and at its sole discretion and the internal policies, standard practice of the Lender.
The amount of the Credit Facility may be enhanced for funding the insurance premium as detailed in the Application Form
at the request of the Customer and subject to the Lender approval.
13.2. The Lender shall have the right to cross sell its product and/or other third-party products and services (mutual funds,
insurance etc.) and the products and services of its Affiliates or third-party entities, to the Customer along with the Loan.
At the request of the Customer, the Lender may at its sole discretion, also finance the purchase of such cross-sell
products/services including insurance premium of an insurance policy.
13.3. In case, Customer (Borrower) has chosen an insurance cover and is a member of ‘Group Insurance Policy’ taken by the
Lender, the Lender shall have the right to appropriate insurance claim paid thereunder or pursuant to cancellation or the
surrender value of the Policy towards the Outstanding Dues of any loan(s) availed from the Lender. If there is any surplus
leftover, it shall be paid to the Customer. If there is any deficit, then the Customer shall be liable to pay entire deficit
forthwith.
13.4. At the request of the Borrower, the Lender may at its sole discretion also finance the purchase of such cross-sell
products/services including insurance premium of an insurance policy insuring the Borrower, provided that such insurance
policy has a specific instruction and authority by the Borrower to such insurance company that in case of any default in
repayment of loan, the Outstanding Dues will be paid to the Lender by such insurance company. Wherever the Borrower
applies and agrees for any cross-sell product, all expenses, charges, fees, and taxes etc. as applicable shall be incurred
and paid by the Borrower. In the event the said charges are paid by the Lender, on Borrower’s behalf, the Borrower
understands and agrees that the aforesaid charges shall also form part of the Loan amount.
13.5. The Customer (Borrower) shall pay to BFL the amounts towards the purchase price, insurance premium, and other cross-
sell expenses, if applicable, as mentioned above which may be added to the instalments. The purchase price, the
insurance premium and other cross-sell expenses (if paid by the Lender on Customer’s Borrower’s behalf) being a part of
Loan may be disbursed by the Lender directly to the issuer of the product/service or insurance company (as may be
applicable) and such disbursement shall be considered to be equivalent to the disbursement made to the Borrower.
13.6. In case Borrower(s) has chosen an insurance cover detail of which are provided under Second Part, the Lender shall have
the right to appropriate insurance claim paid thereunder or pursuant to cancellation or surrender value of the insurance
policy towards the Outstanding Dues of any loan availed from Lender. If after such appropriation, there be any surplus
leftover, it shall be paid to the Borrower(s). If, however there is any deficit , then the Borrower(s) shall be liable to pay
to the Lender, the entire deficit forthwith. BFL reserves the right to initiate cancellation of any third-party products
including but not limited to insurance, value added services in case of default of loan/Outstanding Dues by the Borrower.
14. DISPUTE RESOLUTION

13.7. Without prejudice to other lawful remedies available to the Lender, any claims and disputes arising out of or in connection
to the Loan, and/or Loan Documents or its performance thereof shall be referred to an arbitrator for adjudication, who
shall be appointed in the following manner:
The Lender shall address a notice to the Borrower suggesting the names of not more than three arbitrators, from whom,
the borrower shall, either:
(i) Confirm acceptance one among the proposed names as the sole arbitrator and confirm in writing to the Lender within
a period of ten (10) days from the date of notice; or (“Notice Period”)
(ii) Convey objection, if any, in writing to the Lender, against the proposed names of the sole arbitrator within the said
Notice Period.

However, if the Lender does not receive any response from the Borrower within the said Notice Period, the Lender shall
construe the same to be deemed consent/acceptance by the Borrower for the appointment of the sole arbitrator as may
be decided by the Lender. The venue of arbitration shall be either at Pune or the State capital, at the sole discretion of the
Lender. The arbitration shall be conducted under the provisions of the Arbitration and Conciliation Act, 1996 together with
its amendments, any statutory modification or re-enactment thereof for the time being in force. The arbitration proceeding
shall be conducted in English language. The award of such arbitrator shall be final and binding upon the Parties hereto.
15. GOVERNING LAW AND JURISDICTION

The validity, interpretation, implementation and resolution of disputes arising out of or in connection with this Agreement
shall be governed by Applicable law. The Parties agree that all matters arising out of/in relation to this Agreement shall
be subject to the exclusive jurisdiction of the courts or tribunals (as the case may be) at Pune, India.
The Borrower has read, understood and agrees to all the terms stated in this Agreement
S2-A S2-B
Borrower’s Signature Co-Borrower’s Signature
S2-C S2-D
Co-Borrower’s Signature Co-Borrower’s Signature

SCHEDULE
Borrower :
Name of Borrower
Address of Borrower
Type of Entity (If the Borrower is
an entity)
Email ID of Borrower
Mobile Number of Borrower
Co-Borrower 1 :
Name of Co-Borrower
Address of Co-Borrower
Type of Entity (If the Co-
Borrower is an entity)
Email ID of Borrower
Mobile Number of Co-Borrower
Co-Borrower 2 :
Name of Co-Borrower
Type of Entity (If the Co-Borrower
is an entity)
Email ID of Co-Borrower
Co-Borrower 3 :
Name of Co-Borrower
Type of Entity (If the Co-Borrower
is an entity)
Email ID of Co-Borrower
Date of Execution of the Place of Electronic
Agreement (DD/MM/YY) Authentication
Loan Application Reference
Specified Purpose
Number
Place of Execution Branch Address
Name of Authorized Signatory
Details of Authorized Signatory/Proprietor (Applicable to non-individual Borrowers):
Name Address
Mobile Number Email ID:
Purpose of Loan
S3-A S3-B
S3-C S3-D
18 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

LOAN DETAILS
Product Type Approved loan amount
Amount retained as DSRA Loan Tenure
Gross Loan amount includes Loan amount currently
approved loan amount, disbursed:
Insurance Premium, VAS,
Documentation Charges,
Flexi Fees, and Processing
Fees, wherever applicable.
Annualised Rate of Interest Loan amount available
(% p.a.) for further disbursement:
Loan Type New Loan Loan Variant Flexi Hybrid Loan
Top up Loan Flexi Term Loan (Flexi Dropline)
Loan variant conversion Term Loan
Advance EMI Loan
Structured EMI
Type of Interest Fixed Method of Interest Written Down Value
EMI amount for Term Loan EMI amount-Initial loan
and Flexi Term Loan (Flexi tenure (Flexi Hybrid Loan)
Dropline) EMI amount - Subsequent
loan tenure (Flexi Hybrid
Loan)
Gross loan tenure (Months) Initial loan tenure for Flexi
Hybrid Loan (Months)
Subsequent loan tenure for
Flexi Hybrid Loan (Months)
Installment start date* Installment end date*
*In case you loan is booked on or before 10th of the month in which loan has been applied, the 1st EMI payable by you
shall be due and payable on the 2nd of the “following” month and in case you loan is booked after 10th of the month in
which loan has been applied, the 1st EMI payable by you shall be due and payable only on the 2nd of the “Next to Next”
month of booking your loan. For example, if the loan is booked post 10th of January, the 1st EMI amount shall be due and
payable on 2nd of March and so on. Accordingly, the instalment repayment end date may undergo change.
Mode of Payment (Repayment Mode)
NOTE (#): -Detailed loan repayment schedule covering EMI dates with bifurcation of principal and interest component
will be shared in Welcome Letter and same can be accessed through customer portal – ‘Experia’. Welcome Letter will be
shared post creation of loan account.
DEDUCTIONS
Processing fees (In %) _________ % (Inclusive of applicable taxes)
Processing fees (In Rupees) ₹________/- (Inclusive of applicable taxes)
Stamp duty charges (as per respective state) Payable as
per state laws and deducted upfront from loan amount
S4-A S4-B
S4-C S4-D
C0-Borrower’s Signature Co-Borrower’s Signature

Flexi Fee Business Loan: Term Loan Not Applicable
Flexi Variant (as applicable below)
Hybrid Flexi Loan
₹5999/- (Inclusive of applicable taxes) where the loan amount is < Rs.10 Lacs
Not Applicable
₹7999/-(Inclusive of applicable taxes) where the loan amount is ≥ Rs.10 Lacs < Rs. 15 Lacs.
Not Applicable
₹12999/-(Inclusive of applicable taxes) where the loan amount is ≥ Rs.15 Lacs < Rs.25 Lacs.
Not Applicable
₹15999/- (Inclusive of applicable taxes) where the loan amount is ≥ Rs.25 Lacs
Not Applicable
Dropline Flexi : ₹999/- (Inclusive of applicable taxes) for any loan amount.
Not Applicable
will be deducted upfront from loan amount. *Loan Amount includes Approved Loan amount,
Insurance premium, VAS Charges, and Documentation Charges.
Professional Loan: Term Loan Not Applicable
Flexi Variant (as applicable below)
Hybrid Flexi Loan
₹1999/- (Inclusive of applicable taxes) where the loan amount is < Rs.2 Lacs
Not Applicable
₹3999/- (Inclusive of applicable taxes) where the loan amount is ≥ Rs.2 Lacs < Rs. 4 Lacs.
Not Applicable
Not Applicable
Not Applicable
₹7999/- (Inclusive of applicable taxes) where the loan amount is ≥ Rs.10 Lacs
Not Applicable
Dropline Flexi : ₹999/- (Inclusive of applicable taxes) for any loan.
Not Applicable
will be deducted upfront from loan amount. *Loan Amount includes Approved Loan Amount,
Insurance premium, VAS Charges, and Documentation Charges.
Value Added Services CPP Credit Health Plus
CPP Doctor Shield
Financial Fitness Report ₹_______/- (Inclusive of applicable taxes)

Business Fitness Report ₹_______/- (Inclusive of applicable taxes)
Documentation Charges ₹____________/- (Inclusive of applicable taxes)
EMI Network Card Fee Add-on EMI Network Card Fee
(Inclusive of applicable taxes) (Inclusive of applicable taxes)
Group Life Insurance Premium Group General Insurance Premium
S5-A S5-B
S5-C S5-D
C0-Borrower’s Signature Co-Borrower’s Signature

FEES AND CHARGES APPLIED FOR LENDER
Full pre-payment Charges:
Term Loan 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the
date of such full pre-payment.
Not Applicable
Flexi Hybrid Loan 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the
repayment schedule as on the date of such full pre-payment.
Not Applicable
Flexi Term Loan(Flexi Dropline) 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per the
repayment schedule as on the date of such full pre-payment.
Not Applicable
Part Pre-payment Charges:
Term Loan 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on
the date of such part pre-payment.
Not Applicable.
Flexi Term Loan (Flexi Dropline)/Hybrid Flexi Loan Not Applicable
Switch fees (Applicable only in ₹ /- (Inclusive of applicable taxes)
case of switch of loan) (In
Rupees)
Switch fees (Applicable only in _______% (Inclusive of applicable taxes) applicable on gross loan amount. In switch
case of switch of loan) (In %)
cases, Processing Fees & Documentation charges will not be applicable)
Annual Maintenance Charge:
Business Loan Professional Loan
Term Loan: Not Applicable Term Loan: Not Applicable

Flexi Term Loan (Flexi Dropline): Flexi Term Loan (Flexi Dropline):
0.295% (Inclusive of applicable taxes) of the Total 0.295% (Inclusive of applicable taxes) of the Total
Withdrawable Amount (as per the repayment schedule) Withdrawable Amount (as per the repayment schedule) on the
on the date of levy of such charges. date of levy of such charges.
Not Applicable Not Applicable
Flexi Hybrid Loan Flexi Hybrid Loan
Withdrawable Amount during initial loan tenure. Withdrawable Amount during initial loan tenure.
Withdrawable Amount during subsequent loan tenure. Withdrawable Amount during subsequent loan tenure.
S6-A S6-B
S6-C S6-D

EMI Network card Annual fee: Broken Period Interest /Pre-EMI interest
"Broken Period Interest/Pre EMI-Interest" shall mean the amount of interest on Loan
₹117/- (Inclusive of applicable
for the number of day(s) which is(are):
taxes) Annual fee will only be charged to
Scenario 1:
the EMI Network Card holders who have
Over and above the period of 30 (thirty) days from the date of disbursement of
not availed any loan using the EMI
the Loan.
Network Card in the preceding year. The
Method of recovery of Broken Period Interest/Pre-EMI Interest:
duration of the preceding year is
For Term Loan: Deduct from disbursement
calculated 12 months from last year’s
For Flexi Term Loan (Flexi Dropline): Added to first instalment amount
validity month, which is printed on the
For Hybrid Flexi Loan: Added to first instalment amount
face of your EMI Network Card. For
Scenario 2 :
example, If the EMI Network Card is
Less than period of 30 (thirty) days from the date of disbursement of the Loan,
issued in the month of February 2019
Interest on first instalment will be charged for actual number of days
(referred to as ‘Member Since’, on the EMI
Network Card) the date for payment of
the annual fee will be March, 2020.
Penal Interest Delay in payment of Monthly instalment shall attract penal interest at the
rate of 42% per annum applicable on the Monthly Instalment outstanding,
from the respective due date until the date of receipt of monthly instalment.
Broken Period Interest/ Pre-EMI Interest ₹ /- (Deducted from disbursement)

Mandate Rejection Charge ₹450/- per month from the first month of due date for mandate rejected by
customer’s bank until the new mandate is registered.
Bounce charges In case of default of repayment instrument ₹1500/- per bounce will be
levied.
Additional cess/taxes, if any, will be applicable on all charges as per the respective State Laws as may be applicable from
time to time.
The aforementioned charges/fees may be modified by Bajaj Finance Limited from time to time upon prior intimation via
acceptable Means of Communication from Bajaj Finance Limited in this regard. To view the updated charges, please visit:
https://www.bajajfinserv.in/all-fees-and-charges Further, unless otherwise specified by the Lender in writing, all fees /
charges paid by the Borrower to the Lender in furtherance of disbursement of the Loan shall be non-refundable, irrespective
of cancellation.
Use of Existing ECS/NACH. Not applicable for new to Bajaj Customers. (Yes/ No) [Use “ ”]
Use of Existing KYC documents. Tick yes in case of no (Yes/ No) [Use “ ”]
change) – Not applicable for new to Bajaj Customers.
S7-A S7-B
S7-C S7-D

Loan Disbursement Details Account Transfer (RTGS/NEFT) [For New Loan and Top Up Loan]
(a) Bank name
(b) Type of Account
(c) IFS Code
(d) A/c holder name as per bank Account
(e) Bank Account Number
Account Payee Cheque
Additional Details for Top Up and Loan
Variant Conversion
(a) Existing Loan Account Number
(b) Amount being Transferred to
Existing Loan Account
(c) Amount being Transferred to
Customer Bank Account
*The loan amount may vary after including applicable interest till the date of closure of existing loan(s) or payment of EMI(s)
in existing loan(s) during the process of processing Top-Up/conversion request. Exact amount will be communicated to you
by welcome letter/SMS/bitly communication.
Loan Repayment Mode and Repayment Account Details
a. Repayment Modes NACH
b. Repayment Account/NACH Details Bank Name
Bank Account Number
Amount
Cheque Number
c. Details of Repayment Cheques Details Bank Name
Bank Account Number
Amount
Cheque Number
Unless otherwise specified by the Lender in writing, ALL fees/charges paid by the Borrower to the Lender in
furtherance of disbursement of the Loan shall be non-refundable irrespective of cancellation.
AND SIGNED AND DELIVERED by the within named Bajaj Finance Limited, the Lender, by the hands of ,
its authorized official.
IN WITNESS WHEREOF the Parties have executed this Agreement on the day and the year……...:
SIGNED AND DELIVERED; If Company, by its Authorized Signatory OR If Limited Liability Partnership, by its Designated Partner
and Authorized Signatory OR If Partnership Firm, by its Designated Partner and Authorized Signatory or If Individual, by the
individual Borrower; AND by the Co-Borrower (if applicable):
Borrower’s Name: Co-Borrower’s Name:
S8-A S8-B
Borrower’s Signature: Co-Borrower’s Signature:
Co-Borrower’s Name: Co-Borrower’s Name:

S8-A S5-B
Co-Borrower’s Signature: Co-Borrower’s Signature:

DEMAND PROMISSORY NOTE
Re.1
Revenue
Stamp to
be affixed
Place: _______________
Date : _______________
ON DEMAND, I/we ___________________________________________, _________________________________________,

jointly and severally promise to pay Bajaj Finance Limited (BFL), or its assigns a sum of Rs._______________/- (Rupees
__________________________________________only) for value received together with interest at the compounding rate
of %_________ per annum with monthly rests or such other rates which BFL may specify from time to time. Presentment
for payment and noting and protest of the note are hereby unconditionally waived.
Rs.________________ /- (Rupees __________________________________________________ only)
[Applicable to Individual Borrower/s]
SIGNED AND DELIVERED by the withinnamed Borrower(s)

Shri/Smt. ______________________________________________________________________________________,
Shri/Smt. ______________________________________________________________________________________,
Shri/Smt. ______________________________________________________________________________________,
[Applicable to Proprietorship Concern]

Shri ___________________________________________________________________________________________ as Sole
Proprietor/Proprietress of M/s ____________________________________________
[Applicable to Company]
The Common Seal of the Borrower has been affixed hereto pursuant to the resolution of its Board of Directors dated
___________, in the presence of ______________________________________
and___________________________________,who have in token thereof subscribed [his/her/their respective] signature(s)
hereto.
[Applicable to Limited Liability Partnership]

SIGNED, SEALED AND DELIVERED BY
____________________________________________________________________________ pursuant to the Resolution of
the Partners dated ______________
[Applicable to Partnership Firm]
SIGNED AND DELIVERED by the withinnamed Borrower _________________________________________________________,

by the hand of _________________ authorised vide Letter of Authority dated ___________.
S9-A S9-B
S9-C S9-D

LETTER OF CONTINUITY FOR DEMAND PROMISSORY NOTE
Place:
Date:
Bajaj Finance Limited

4th Floor, Bajaj Finserv Corporate Office,
Off Pune - Ahmednagar Road, Viman Nagar,
Pune - 411 014, Maharashtra, INDIA.
Dear Sirs,
I/We, the undersigned have executed a Demand Promissory Note for Rs. /- (Rupees _
only) dated duly signed and delivered by me/us to you as security for
the repayment by me/us to BFL of any sum now due or which may hereafter be or become due by me/us to BFL by way of
loans or advances, notwithstanding the fact that the loans or advances or the account, may from time to time be reduced or
extinguished or the balance in the said account brought to credit, the intention being that the said Demand Promissory Note
and the security shall be a continuing security for any borrowing by me/us at any time to BFL.
Thanking you,
[Applicable to Individual Borrower(s)]
Shri/Smt. ,
Shri/Smt. ,
Shri/Smt. ,
[Applicable to Proprietorship Concern]

Shri as Sole Proprietor/Proprietress of M/s
.
[Applicable to Company]
The Common Seal of the Borrower has been affixed hereto pursuant) to the resolution of its Board of Directors dated
, in) the presence of ) [and ],
who have in token) thereof subscribed [his/her/their respective] signature(s) hereto.
[Applicable to Limited Liability Partnership]SIGNED,

SEALED AND DELIVERED BY
pursuant to the Resolution of the
Partners dated
[Applicable to Partnership Firm]
SIGNED AND DELIVERED by the withinnamed Borrower

, by the hand of
authorised vide Letter of Authority dated
S10-A S10-B
S10-C S10-D

VERNACULAR CONFIRMATION LETTER
To, Date:
Bajaj Finance Limited,

4th Floor, Bajaj Finserv Corporate Office,
Off Pune – Ahmednagar Road, Viman Nagar, Pune –
411014, Maharashtra, INDIA.
I/We hereby acknowledge and confirm that I/we have received the copy of the Professional Loan Agreement-Cum-Instrument
of Hypothecation dated _________________ executed between Bajaj Finance Limited and me/us (‘Loan Agreement’) and the
contents of the Loan Agreement have been fully explained to and understood by me/us at the time of availing the Loan in
the language understood by me/us.
I/We further confirm that am/are fully aware of and completely understand the rights and obligations contained in the Loan
Agreement.
Name and Signature of Principal Borrower Name and Signature of Co-Borrower(s)
Name and Signature of Co-Borrower(s) Name and Signature of Co-Borrower(s)
WITNESS AKNOWLEDGEMENT:
I hereby stand witness to and acknowledge that the contents of this loan agreement and related documents have been fully
explained to the Borrower and Co-Borrowers (if any) in the language understood by them.
Name of Witness Address of Witness Signature of Witness

BAJAJ FINANCE LIMITED ("BFL") – Vernacular Declaration Form
BAJAJ FINANCE LIMITED ("BFL") – Vernacular Declaration Form
The content of this Application/ Loan & Security Documentation/ Letter/ Terms and
English  Conditions has been read out, explained and interpreted to the applicant(s)/ Borrower and
to the Co-Borrower(s) in English and understood by the applicant(s)/ Borrower and Co-
Borrower(s).
এই আবেদন/ঋণ আৰু ননশ্চয়তাৰ ননিপত্ৰ/নিঠি/িতত আৰু ননয়মৰ নেষয়েস্তুনিনন

Assamese  আবেদনকাৰী/ঋণ গ্রহণকাৰী আৰু সহ-ঋণ গ্রহণকাৰী সকলক অসমীয়াত েযািযা কৰা হহবে,
আবেদনকাৰী(সকল)/ঋণ গ্রহণকাৰী আৰু সহ-ঋণগ্রহণকাৰী(সকল) নেষয়ব া েুজি পাইবে।
এই আবেদবনর নেষয়েস্তু/ঋণ ও িানমন সংক্রান্ত দস্তাবেি/পত্ৰ/ননয়ম ও শততােলী

আবেদনকারী/ঋণগ্রহীতা এেং সহ-ঋণগ্রহীতাবদর কাবে োংলায় আবেদনকারী(দদর)/ঋণগ্রহীতা
Bangali  এেং সহ-ঋণগ্রহীতা(গণ) পবে দশানাবনা হবয়বে, েযািযা করা হবয়বে এেং ঋণগ্রহীতা এেং সহ-
ঋণগ্রহীতা(গণ) েুবেবেন।
આ અરજી/લૉન અને જામીનગીરીના દસ્તાવેજ/પત્રના વવષયવસ્તુ / વનયમો અને શરતોને ગુજરાતીમાાં

Gujarati  અને અરજીકતાા(ઓ)/ઋણકતાા અને સહ-ઋણકતાા(ઓ) દ્વારા સમજવામાાં આવતી ભાષામાાં વાાંચવામાાં,
સમજાવવામાાં આવયાાં છે અને તેનુાં અર્ાઘટન કરવામાાં આવયુાં છે .
इस आवेदन की सामग्री/ऋण और सुरक्षा दस्तावेज/पत्र/ननयम और शर्तों को आवेदक(कोों)/उधारकर्ताा और

Hindi  सह-उधारकर्ताा (ओों) को नहोंदी में पढ़कर सुनाया, बर्ताया र्तथा समझाया गया हैं और यह
आवेदक(कोों)/उधारकर्ताा और सह-उधारकर्ताा (ओों) को समझ में आ गया है।
ಈ ಅರ್ಜಿ/ಸಾಲ ಮತ್ತು ಸುರಕ್ಷತಾ ದಾಖಲೆ/ಪತ್ರ /ನಿಯಮಗಳು ಮತ್ತು ಷರತ್ತು ಗಳ ವಿಷಯವನ್ನು

ಅರ್ಜಿದಾರರು/ಸಾಲಗಾರರಿಗೆ ಮತ್ತು ಸಹ-ಸಾಲಗಾರರಿಗೆ ಕನ್ು ಡದಲ್ಲಿ ಓದಲಾಗಿದೆ,
Kannada  ವಿವರಿಸಲಾಗಿದೆ ಮತ್ತು ಅರ್ಥಿಸಲಾಗಿದೆ ಮತ್ತು ಅರ್ಜಿದಾರರು / ಸಾಲಗಾರ ಮತ್ತು ಸಹ-
ಸಾಲಗಾರ(ರು) ಅರ್ಿಮಾಡಿಕೊಂಡಿದಾಾ ನೆ/ರೆ.
‫شرائیط آئے پرنہ واضح کرنہ تہ فکر تارنہ درخواست‬/ ‫خط‬/ ‫قرضک مواد تہ سیکیورٹی دستاویز‬/ ‫ییمہ درخواستک‬
Kashmiri  ‫دہندگانن قرضہ حاصل کرن والین تہ تہندین ساتھین کاشری پاٹھی تہ درخواست دہند گانو قرضہ وصل کرن والیو تہ ساتھیو‬
‫سمجھی‬
Ka jingthmu jong kane ka aplikoshon/ Ka ram bad ki kot ki sla ban ba ia dei bad jingpan
ram/ Shithi/ ia ki kyndon kiba la buh la pynpule, la batai shai sha ba pan ram bad ia u ba
Khasi  kular ban ai ka jingbah khlieh ha ka jingshim ia ka ram, la pynsngewthuh ruh ha ka ktien
Phareng ia u ba apply ia ka ram bad u ba ai ia ka jingbah khlieh ban shimia ka ram.
हो अजा / रीण आनी र्तारण सुरक्षा दस्तावेज / पत्र / नेम आनी अटी हार्तुोंर्तलो मजकूर कोोंकणी भाशेंर्त अजादार
Konkani  / ररणकार आनी सह-ररणकार हाों का वाचून दाखयला, समजायला आनी अथावणी करून साों गल्‍या आनी
अजादार / ररणकार आनी सह-ररणकार हाों का र्तो समजला.
ഈ അപേക്ഷ/പ ോൺ & സെക്യൂരിറ്റി

പ ോക്യുസെന്പേഷൻ/സ റ്റർ/വ്യവ്സ്ഥക്ളുും നിബന്ധനക്ളുും
അപേക്ഷക്നുും(ക്ർ)/ക്ൂടോസെ വ്ോയ്പസെടുത്തെോൾ ഒപ്പും-
Malayalam  വ്ോയ്പസെടുത്തെോൾ(വ്ർ) എന്നിവ്ർക്ക് െ െോളത്തിൽ
വ്ോെിച്ചുപക്ൾപ്പിക്കുക്െുും, വ്ിശദീക്രിക്കുക്െുും വ്യക്തെോക്കുക്െുും
അെ് അപേക്ഷക്നുും(ക്ർ)/ക്ൂടോസെ വ്ോയ്പസെടുത്തെോൾ ഒപ്പും-
വ്ോയ്പസെടുത്തെോൾ(വ്ർ) എന്നിവ്ർക്ക് െനസ്സി ോക്ുക്െുും സെയ്തിട്ടുണ്ട്
या ननवेदनार्तील/ कजा व नसक्युररटी दस्तऐवजीकरणार्तील/पत्रार्तील/अटी व शर्तींमधला मजकूर

Marathi  ननवेदकाला/कजादाराला व सह कजादाराों ना मराठीर्त वाचून दाखवण्यार्त आला, समजावून साोंगण्यार्त आला व
भाषाों र्तरीर्त करण्यार्त आला असून ननवेदक/कजादार आनण सह-कजादाराों ना र्तो समजला आहे .
AeplikesN/ loN & sikyuritigi AoIba ce-caH/ciTi/cYngdbsiH AmsuH yangdbsiH Asida
yaUribsiH Asi AeplikeNt(siH)/ seL puriba miAoI AmsuH seL pumiNnriba miAoI(siH) da
Meiteilon  meitei loNda laUna pduna tahLle, sNdoQna taQle AmsuH AeplikeNt(siH)/ seL puriba miAoI
AmsuH seL pumiNnriba miAoI(siH) Asina mmuY tana Kqle|
BFL/VernacularDeclaration/2022/Dec/V1

Name of BFL Authorised Officer Signature of BFL Authorised Officer
Borrower Signature Co-Borrower Signature Co-Borrower Signature
Co-Borrower Signature Co-Borrower Signature Co-Borrower Signature

List of Additional Docs
For Proprietorship
3 NACH forms
MITC
For Partner
3 NACH forms
MITC
Authority Letter from Partners
For Pvt. Ltd.

3 NACH forms
MITC
Board Resolution

CORPORATE OFFICE: 4TH FLOOR, BAJAJ FINSERV CORPORATE OFFICE, OFF PUNE-AHMEDNAGAR ROAD,
VIMAN NAGAR, PUNE 411014, MAHARASHTRA, INDIA
REGISTERED ADDRESS: MUMBAI - PUNE ROAD, AKURDI, PUNE - 411014, MAHARASHTRA, INDIA

SME Unsecured Agreement

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SME Unsecured Agreement

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BUSINESS LOAN AND PROFESSIONAL LOAN

3 Demand Promissory Note

4 Letter of Continuity for Demand Promissory Note

BUSINESS LOAN AND PROFESSIONAL LOAN AGREEMENT

Page 1 of 17 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

1. DEFINITIONS AND INTERPRETATION

Page 2 of 17 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

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Page 4 of 17 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

Loan Amount INR 1,00,000/-

Interest Rate 16% p.a.

Scenario 2 19-Mar-15 05-May-15 47 30 17 745

Page 5 of 17 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

(a) Full Pre-payment/ Foreclosure Charges

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REGULATORY REQUIREMENT ILLUSTRATION

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3. BORROWER’S REPRESENTATION AND WARRANTIES

Page 9 of 17 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

THE BORROWER UNDERTAKES THAT:

5. LIEN AND SET OFF

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Page 13 of 17 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

12. ELECTRONIC MEDIA

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13. INSURANCE SERVICES AND VALUE-ADDED SERVICES (VAS)

14. DISPUTE RESOLUTION

Page 16 of 17 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

15. GOVERNING LAW AND JURISDICTION

Page 17 of 17 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

18 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

19 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

CPP Doctor Shield

Financial Fitness Report ₹_______/- (Inclusive of applicable taxes)

20 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

Business Loan Professional Loan

Term Loan: Not Applicable Term Loan: Not Applicable

21 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

Broken Period Interest/ Pre-EMI Interest ₹ /- (Deducted from disbursement)

22 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

Borrower’s Name: Co-Borrower’s Name:

Co-Borrower’s Name: Co-Borrower’s Name:

23 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

ON DEMAND, I/we ___________________________________________, _________________________________________,

Rs.________________ /- (Rupees __________________________________________________ only)

[Applicable to Individual Borrower/s]

SIGNED AND DELIVERED by the withinnamed Borrower(s)

[Applicable to Proprietorship Concern]

[Applicable to Limited Liability Partnership]

[Applicable to Partnership Firm]

SIGNED AND DELIVERED by the withinnamed Borrower _________________________________________________________,

24 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

Bajaj Finance Limited

[Applicable to Individual Borrower(s)]

SIGNED AND DELIVERED by the withinnamed Borrower(s)

SIGNED AND DELIVERED by the withinnamed Borrower(s)

[Applicable to Limited Liability Partnership]SIGNED,

[Applicable to Partnership Firm]

SIGNED AND DELIVERED by the withinnamed Borrower

25 BFL/SME Unsec/BL&ProfL/Phy/Agr/Eng/Jan24/V.11.0 15-02-2024

ON DEMAND, I/we ___, _,

Rs. /- (Rupees __________________________________ only)