E-Sign - 2024-04-18T132327.635

HERO FINCORP LIMITED
TWO WHEELER LOAN KIT
BORROWER’S NAME: CHANCHALA DEVI

LOAN ACCOUNT NO.: TWLNNW15275744
LOCATION: SITAMARHI
This document is digitally signed
SAJIN PURUSHOTHAMAN MANGALATHU

Wed, Jul 19, 2023 23:31:02 IST
Delhi Signed by: CHANCHALA DEVI
Reason: Two_Wheeler_Loan by Hero FinCorp
eSigned using Aadhaar (digio.in)
Date: 2023-07-17 14:12:58 IST
Two Wheeler Loan Application Form
HerofinCorp CAS ID TWLNNW15275744

09, Basant Lok, Vasant Vihar Login Date 17/7/2023
New Delhi – 110057 LMS APPLICATION NO. 53950709
Tel. +91-11-49487150
Sourcing Details
Location SITAMARHI Location Code NNW Login Date and 17/07/2023 14:12:21
Time
MANUAL DIKSHA A0510952

Source Type DSA Name AUTOMOBILES DSA Code
(A0510952)
DIKSHA A0510952 DIKSHA
Sub Dealer Name AUTOMOBILES Sub Dealer Code Disburse To AUTOMOBILES
(A0510952) (A0510952)
SE Name RANJEET KUMAR SE Code 227017 Existing HFCL No
Customer
TM Name Rakesh Kumar TM Code 14460 Loan Account

Number
XCELERATE - 60-40 Plan PAN Card,Aadhar
Program SF XCELERATE Scheme Documents Card,Customer photo or Selfie
Provided
NPDC PLUS PAN Card

Promotion Type of Id Proof
Applicant's Information
Salutation Ms. Name CHANCHALA DEVI Date of Birth 1/1/1993
Gender Female Marital Status Married LPG Number
Education Class 12th Father/Husband Mr AKHILESHWAR Mother's Name Kumari Bindu

Name
CHAUDHARI
Residence Status Owned Monthly Residence 30 Year 6 Month
Rent(If Stability
Applicable)
Contact Details
Mobile Number 9334134827 LandLine(Office) 9065660116 LandLine(Home)
Email Id
Mailing Address
Address Line 1 wo Sanjay kumar pandey Address Line 2 Gram jaganpatti, Dighi Address Line 3 -
ward no 08
Landmark NEAR OF SCHOOL PinCode 843322 City SITAMARHI
This document is digitallyBIHAR

State signed Years at 30 Year 6 Month Years at 30 Year 6 Month
Current Current City
Address
Current
SAJIN address
PURUSHOTHAMAN MANGALATHU
is same
Wed, as2023 23:31:02
Jul 19, YesIST
permanent
address? Reason: Two_Wheeler_Loan by Hero FinCorp
Date: 2023-07-17 14:12:58 IST
Address
Address Line 1 wo Sanjay kumar pandey Address Line 2 Gram jaganpatti, Dighi Address Line 3 -
ward no 08
Nearest Landmark NEAR OF SCHOOL PinCode 843322 City SITAMARHI
State BIHAR
Employment Details
AS APPLICANT
Name of FARMER Office/Bussiness AS APPLICANT NEAR OF SCHOOL
Organization Address Nearest Landmark
City/Village SITAMARHI State BIHAR Pin Code 843322

Customer Farmer Years at 30 Year 6 Month Rs. 15000
Income Monthly
Segment Current Job
Income Annual Rs. 180000
Financial Obligation
Loan EMI Rs. 1683.00 Bank Name STATE BANK OF INDIA
Bank Details
Bank Name STATE BANK OF INDIA Branch SITAMARHI BAZAR IFSC Code SBIN0003435
MICR Code 843002002 Account No 20440722946 Month
Guarantor/Co-Applicant Information 1
Co-Applicant1 Information
Guarantor Salutation Name

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

Father/Husban Relationship Date of Birth
d Name with borrower
Name of Company Designation Address Line 1
Address Line2 City/Village State
PinCode
SAJIN PURUSHOTHAMAN MANGALATHU Nearest Landmark Mobile Number
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Date: 2023-07-17 14:12:58 IST
Reference Details
Reference Information
Name RAJNISH KUMAR Gender Male Relation Friend

Other Relationship Email Mobile Number 8002449803
Address Line 1 SUDHA DEVI Address Line 2 9934036378 Address Line 3
Pin code 843322 City SITAMARHI State BIHAR
Landmark NEAR OF SCHOOL
Proposed Loan Details
Asset Make SPLENDOR PLUS Assel Model SPL + BS6 I3S DRS C FI Ex Rs. 75641.00
Showroom
BLACK price
Insurance Amount Rs. 6012.00 RTO Charges Rs. 9774.00 On Road Price 94827.00
Approved Loan Rs. 46074 Rs. 900.00 PDC/ECS/ADM Rs. 1300.00
Processing Fee
Amount Charges
Document Rs. 0.00 Rs. 0 Rs. 1683.00
GST Loan EMI
Charges
Femi Cheque Rs. 0 Emandate Charges Rs. 0 Suvidha Charges Rs. 0
Charges
Applicant

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Features Documents Applicant CoApp1 CoApp2
PAN Card/Form 60 (mandatory)
Proof of possession of Aadhaar Number
Indian Passport
ID Proof (Any of Voter Identity Card

Document from the list Driving License (Booklet Form Not Accepted)
Job card issued by NREGA duly signed by an officer of the State
Government
Letter issued by the National Population Register containing details of
name and address
Indian Passport
Proof of possession of Aadhaar Number**
PAN Intimation Letter
Voter Identity Card
Address Proof for
Individual, (Any of Driving License (Booklet Form Not Accepted)
Document from the list) Job card issued by NREGA duly signed by an officer of the State
Government
Letter issued by the National Population Register containing details of
name and address
Latest House Tax Receipt
Pan Card
Indian Passport
Driving License (Booklet Form Not Accepted)
Signature Proof for Original Bankers Verification (not older than 30 days)
Individual/s (Any of
Documents from the list) Copy of any cheque issued in favor of HFCL (Subject to cheque must be
cleared)
Identity card with applicant's photograph & sign issued by Central/State
Government Departments
Registered Title Deed (Sale Deed, Conveyance Deed, Lease Deed, etc)
PAN Card
Indian Passport
Driving License (Booklet Form Not Accepted)
DOB Proof for
Individual/s (Any of the Birth Certificate/ Corporation Certificate (Should have name mentioned
Documents from the on it)
List)
Voter ID card with complete date of birth
High school mark sheet / certificate
Senior citizen id card issued by Government body
Registered marriage Certificate
PAN Card
Ration Card
Relationship Proof (Any
of the Document from Indian Passport
the list)
Voter ID Card
Birth Certificate
Driving license

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Date: 2023-07-17 14:12:58 IST
DECLARATION
I/We CHANCHALA DEVI Son/Wife/Daughter of Mr AKHILESHWAR CHAUDHARI /Authorized Representative of. aged 30 years and residing/having
registered office/place of business at SITAMARHI hereby confirm and warrant that -
a. I/We am/are citizen(s) of India and that all the information furnished by me/us is true and accurate against which I/We authorise the HFCL to make
any enquiries in this regard.
b. No insolvency/winding up proceeding or recovery suit of the outstanding dues/monies whatsoever or for attachment of my/our assets or properties and/or
criminal proceedings have been initiated and/or pending against me/us and me/us have never been adjudicated insolvent by any court or authority.
c. You may please credit all sums received by you either or all against my name and that the funds shall only be used for the specific purpose i.e. for
purchase of the asset (vehicle) as mentioned in the application form. I/We also agree that the asset(s) financed by the HFCL will stand, on purchase
automatically hypothecated to it.
d. I/We shall keep informed the HFCL, in writing, of any change in my/our contact information.
e. The HFCL is authorized to make enquiries with any finance company/bank/registered credit bureau/repository of credit history/TotalKYC etc. for
KYC information verification, credit risk analysis, or for other related purposes that the HFCL may deem fit and that my/our privilege of privacy and
privity of contract with regards the subject matter of my/our arrangement is expressly waived. I/We also confirm that the HFCL reserves the right
to retain photograph(s) and document(s) submitted.
f. I have seen the vehicle and fully satisfied with the condition of the vehicle. HFCL will not be responsible for any defect/ damage found in the vehicle at
later stage and any such situation will not affect the loan repayment. In case of loan cancellation/pre-closure, I will be fully responsible and bear the
accrued interest and cancellation charges applicable as per HFCL policy
g. I/We will not hold the HFCL or its agents or representatives responsible under any circumstances whatsoever in case my application is rejected and that
the HFCL or its agents or its representatives shall have no responsibility for the delivery/colour/make/performance of the asset applied for under this
application.
h. I/We confirm having received read & understood the terms and conditions of the loan applied for, including the terms relating to repayment, interest &
other fees and unconditionally agree to abide/perform the same & also hereby accept that the terms and conditions may be changed by the HFCL at
any time. I/We also agree to abide by all the terms and conditions of all the related agreement(s). I/we also confirm that all my questions, doubts and
queries with regards the loan have been answered to my satisfaction and properly explained to me; which fact I/we shall no question, doubt or dispute
at any future date/event.
i. I/We acknowledge that HFCL adopts interest rate/pricing methodology based on various risks associated with the type of Loan, cost of funds, tenure of
the Loan, type & value of security, loan amount etc. Further HFCL periodically reviews the rate of interest and product features offered by it with those
offered by its competitors. For a borrower an additional risk premium may be included in the pricing based on the credit risk associated with the borrower
which is a function of the borrower's credit history, credit information, internal rating along with other factors like the borrower's source of income,
professional experience etc. Accordingly, the applicable rate of interest may be different for different categories of borrowers and may differ from one loan
to other loan.
j. For any Insurance provided along with the loan, Hero Fincorp Limited will have no liabiality for any claim under the policy. The claim under the insurance
policy shall be processed as per the procedure of the Insurance Company.
I/we hereby authorise Mr/Ms DIKSHA AUTOMOBILES (A0510952) for processing this Application Form with [Hero Fincorp] on my behalf and
undertake to provide all papers in original required for any clarification to the HFCL.
Please paste passport size latest color Please paste passport size latest color Please paste passport size latest color Dealer/DSA Stamp
photo of Applicant and sign across photo of Guarantor/Co-Applicant 1 and photo of Guarantor/Co-Applicant 2 and
sign across sign across
Signature Signature Signature Signature
VERNACULAR DECLARATION
The content of the loan application has been explained by me (the witness) to the Applicant in
(name of the language in which the applicant has signed) and the same has been understood by the applicant. The applicant
further confirms that he/she is acceptable to receive all the future correspondence in relation to this loan in English language.
Name of the witness Signature Of Applicant in his own language:

(to be written in Applicant's handwriting)
Address of the witness Signature Of Witness in English language:
(to be written in Witness’s handwriting)

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ACKNOWLEDGEMENT RECEIPT
We acknowledge the receipt of your Loan Application Form bearing no. . We will get back to
you within 14 (fourteen) working days either in writing (including via email, letter or telephone) with respect to the
status of your Loan applied with Hero FinCorp Limited. This is subject to furnishing of all the necessary documents
by you, as mentioned in the Loan Application Form or communicated to you by Hero FinCorp Limited during the loan
appraisal process. Wherever any additional information/documents is required to process the Loan Application Form,
the same shall be intimated to the Applicant within 14 (fourteen) days from the date of receipt of this form.
All loans will be sanctioned at the sole discretion of Hero FinCorp Limited.
Applican't Name : __________________

Name of the Relationship Manager:
Mobile Number of the Relationship Manager:
Signature of the Relationship Manager: ___________

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SANCTION CUM DELIVERY ORDER
Reference: 53950709 Date:

Branch: SITAMARHI
To,
DIKSHA AUTOMOBILES (A0510952)
Dear Sir,
This is to inform you that Hero FinCorp Limited (“HFCL”) has sanctioned a two wheeler loan to
CHANCHALA DEVI as per the terms and conditions mentioned in the Sanction Letter bearing
reference number 53950709 dated July 17,2023, as annexed below.
Kindly arrange to deliver the Vehicle/Asset as per the loan details mentioned in the Sanction Letter. You
are advised to collect DP amount as initial payment from the said Borrower and collect all the required
documents for the delivery of Vehicle/Asset.
Please take the signature of the hirer in the delivery challan and intimate us the Vehicles Engine No.,
Chassis No, Product Serial No. in the copy of the delivery challan to be submitted to HFCL’s
representative.
For Hero FinCorp Limited
Authorized Signatory

Wed, Jul 19, 2023 23:31:02 IST
Date: 2023-07-17 14:12:58 IST
SANCTION LETTER
Ref No.: 53950709 Date: July 17,2023

To,
Borrower’s Name: CHANCHALA DEVI
Address: wo Sanjay kumar pandey ward no 08 Gram jaganpatti Dighi - NEAR OF SCHOOL 843322 SITAMARHI BIHAR
Email Id:
Subject: Your Loan Application Form dated July 17,2023 (“Application”)
Dear Sir/ Madam,

Your Application is sanctioned as per the below Vehicle/Asset & Loan details, kindly provide the necessary documents and down-
payment and take the delivery of the Vehicle/Asset. You are requested to please sign the invoice and delivery challan.
S. Particulars Description
No.
1. Nature of Loan Two Wheeler Loan
2. Name of the Borrower CHANCHALA DEVI
3. Name of the Co-Borrower (if applicable)
4. Name of the Guarantor (if applicable)
5. Sanctioned Loan Amount INR 46074.00/-
Indian Rupees (in words)
6. Purpose of Loan TWL for Personal Use
7. Term 36
8. Asset Cost as per proforma invoice (per INR-94827.00
unit)
9. Margin Money Rs 49827.00
10. No. of Units 1
11. Disbursement Amount 41300.00
12. Down Payment 53527.00
13. Rate of Interest
i. Annualized Rate of Interest 17.985 % p.a.
ii. Interest Type □ Fixed □ Floating
iii. Default Interest 3% of overdue amount
14. Repayment Schedule
i Repayment Mode □ PDC □ NPDC □ FEMI □ Others, please
specify________________
ii Equated Monthly Installment (EMI) INR 1683.00/-
Amount Indian Rupees (in words) only
iii Advance EMI Amount 0.00
iv Total No. of EMIs 36
v Date of Commencement of First EMI September 8,2023
vi Due date of each of the EMI 8th-of every month
vii Repayment Account No. and Bank 20440722946 & STATE BANK OF INDIA
Name
15. Vehicle/Asset Details
i. Details of the DIKSHA AUTOMOBILES (A0510952)
Manufacturer/Dealer/Sub-
Dealer/DSA
ii. Variant SPL + BS6 I3S DRS C FI BLACK
iii. Vehicle/Asset Description
iv. Make SPLENDOR PLUS
v. Under Hypothecation With Hero FinCorp Limited
16. Security Details
i. Primary Security First and exclusive charge by way of hypothecation in favour of
HFCL on the vehicle financed by HFCL.
ii. Other Security, if any

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17. Charges
i. Processing Fees
ii. Transaction Charges
iii. Default Charges
iv. Bounce Penalty Rs.350 per bounce
v. Delayed Payment Charges 3% of overdue amount
vi. Cheque Swap Charges
vii. Retrieval of Loan Documents
viii. Prepayment/Foreclosure Charges5% of POS or If Loan is closed within 6 month from the date of
disbursement, then interest on
loan amount for 6 months plus foreclosure charges will be applicable
ix. Legal, Repossession and Incidental Rs. 2500
Charges
x. Loan Cancellation Charges
xi. Taxes GST and all other applicable taxes statutory levies, if any will be
charged additionally.
18. Other Conditions, if any
19. Validity of the Sanction Letter 30 (thirty) days from the date of Sanction Letter
GENERAL TERMS AND CONDITIONS

1. The sanction of the abovementioned Two Wheeler Loan and all the terms and conditions mentioned in this Sanction
Letter are subject to the execution of a Loan cum Agreement to Hypothecate and other documents in writing ( “Loan
Documents”) as HFCL may specify in the prescribed formats. This Sanction Letter forms an integral part of the Loan
cum Agreement to Hypothecate. This Sanction Letter intends to summarize certain basic terms of the Loan and the
Loan Documents and does not reflect an agreement between HFCL and the Borrower in relation to the Loan.
2. The Loan Documents shall contain additional terms and conditions which have not been set out in this Sanction Letter
and the Loan Documents shall be read together with the terms and conditions specified in this Sanction Letter.
3. All the Charges including processing fees, legal, incidental expenses, inspection, legal search, insurance expenses,
stamp duty, Taxes and out of pocket expenses in connection with the proposed Loan shall be borne by the Borrower.
4. Notwithstanding anything contained in this Sanction Letter or otherwise, the sanction of the Loan mentioned overleaf
is at the sole discretion of HFCL and the terms and conditions in relation to the Loan are subject to modification and /
or cancellation and / or repayment to HFCL, at the sole discretion of HFCL, on demand without assigning any reasons
for the same.
5. The Sanction of the Loan is subject to the Borrower having provided all such information and documents to HFCL as
set may be required by HFCL from time to time or as may be required under the Loan Documents.
6. HFCL, at its sole discretion, shall be entitled to revoke this sanction upon occurrence of any of the following events:
a) There is any material change in the purpose(s) for which the Loan has been sanctioned.
b) In the sole judgment of HFCL, any material facts have been concealed and / or become subsequently
known.
c) Any statement, declaration, undertaking or disclosure made by, or on behalf of, the Borrower in the
application or otherwise is incorrect, inaccurate, incomplete or misleading.
d) There is a default or a breach of the terms and conditions of this Sanction Letter, the Loan Documents or
any other loan offered by HFCL or its group company to the Borrower/Co-Borrower.
e) If there is any bankruptcy or insolvency proceeding against the Borrower.
f) Relevant documents are not executed by the Borrower as per HFCL’s policy and format.
7. HFCL reserves the right, at its sole discretion and without assigning any reason and with such notice as HFCL may
deem reasonable to the borrower, to modify, vary, delete or add to the terms and conditions, or to terminate the said
Loan and Loan Documents, at any time, and to recall the entire Outstanding Amounts under the Loan. All amounts
due in respect of the said Loan shall become payable forthwith on such demand.
8. HFCL adopts interest rate/ pricing methodology based on various risks associated with the type of Loan , cost of
funds, tenor of the loan, type & value of Security, Loan amount etc. Further, HFCL periodically reviews the rate of
interest and product features offered by it with those offered by its competitors. For a Borrower, an additional risk
premium may be included in the

Wed, Jul 19, 2023 23:31:02 IST
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pricing based on the credit risk associated with the Borrower which is a function of the Borrower’s credit history,
credit information, internal rating along with other factors like the Borrower’s source of income, professional
experience etc. Accordingly, the applicable rate of interest may be different for different categories of borrowers and
may differ from one loan to other loan.
9. PEMI amount, if applicable shall be at the rate at which the EMI has been calculated, may be charged, at the sole
discretion of HFCL, from the date of loan booking/disbursement till the date of commencement of first EMI.
10. The Borrower shall obtain and keep valid all approvals required in connection with the Loan.
11. The Borrower hereby accepts that, there may be a time lag between disbursement of the Loan and the payment being
received by them. The Borrower further agree & undertake that they will pay the interest and charges as set out in the
Loan Documents on the disbursed Loan Amount for such period & the Borrower will not claim for any type of refund.
12. The Processing Fees is a non refundable fee and is collected by HFCL for the purpose of appraising the Loan
Application form for the Loan and the same is independent of the outcome/result of such appraisal.
13. The Borrower shall immediately intimate HFCL in the event of any change in the repayment capacity of the
Borrower, loss / change of job / profession, etc. and also any change in any information stated in the application or
under any Loan Documents.
14. No amount under the Loan shall be disbursed until and unless the Borrower has executed the required agreements,
documents and writings and performed such other acts and deeds as HFCL may require.
15. The Loan sanctioned to the Borrower shall be subject to HFCL’s rules as well as the directives issued by Reserve
Bank of India, from time to time.
16. HFCL may at its sole discretion disclose information regarding the Loan, Loan Documents or the Borrower, its
Guarantors etc. to any Person including government authority, RBI, CIBIL or any third party etc.
17. HFCL may in its sole discretion on such terms as to pre-payment charges, etc. as it may prescribe, permit,
prepayment/acceleration in the payment of EMIs at the request of Borrower, provided that HFCL may, in permitting
such prepayment, also specify from time to time, the minimum amount of prepayment / amounts payable on account
of acceleration of EMI. In the event HFCL permits any prepayment / acceleration, the repayment schedule for the
Loan shall be amended / altered by HFCL for giving effect to such prepayment/ acceleration, and such amended /
altered repayment schedules shall be binding upon the borrower. In case any amount is prepaid by the Borrower, the
same shall be adjusted first towards, incidental charges, additional interest, PEMI Interest, outstanding EMIs, EMI of
the current month and balance towards the principal dues.
18. TDS Deduction – Gross Interest would be paid on the Loan to HFCL. Borrower shall provide a TDS certificate on a
quarterly basis to HFCL and only upon receipt of such TDS certificate shall HFCL be required to refund any TDS
amounts to the Borrower within 10 (ten) Business Days. In the event the Borrower is paying the net amount, an
undertaking, to the effect that the Borrower will provide TDS certificates to HFCL on a quarterly basis, shall be
provided by the Borrower. However, in event a TDS certificate not been provided within agreed time frame of 3
(three) months, HFCL reserves the right to debit the amount to Borrower’s Loan account and same shall stand as
outstanding and recoverable along with Default Interest (where applicable).
19. Notwithstanding the issuance of this Sanction Letter and the acceptance thereof, HFCL may decide to not disburse the
Loan , repudiate and rescind this Sanction Letter unilaterally without assigning any reasons.
20. This Sanction Letter is confidential and the property of HFCL and neither this document nor the contents hereof shall
be communicated to or used without the HFCL’s prior written consent.
21. This sanction is available to the Borrower for the period specified in the letter (which period shall not exceed 30
(thirty) days from the date of the Sanction Letter) provided the Borrower deposits with HFCL the processing fees
mentioned overleaf along with a copy on this Sanction Letter accepted and delivered by the Borrower to HFCL.
22. This Sanction Letter shall be governed by the laws of India and the Borrower and the Lender shall be subject to the
exclusive jurisdiction of New Delhi. Notwithstanding the aforesaid, the Borrower acknowledges and agrees that
HFCL may, however, in its absolute discretion commence any legal action or proceedings arising out of this Sanction
Letter and Loan Agreement against the Borrower in a court, tribunal or any other appropriate forum situated in any
part of India.
If the terms of this Sanction Letter are acceptable to you, you may sign the duplicate copy of this Sanction Letter as a token of your
acceptance and return it to the above-mentioned address.
Thanking you,
Authorized Signatory
Name:
Designation:
Employee Code:

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Read, understood, agreed and accepted by the Borrower & Co-Borrower
I/We confirm that I/we understand and accept the terms and conditions of the Sanction Letter, as laid out in English/ have been
explained to me in a vernacular language of my/our understanding and I/we accept the Loan on the terms set above. I/We
hereby expressly consent to and authorize HFCL to collect, use and process my/our personal data for the purposes described in
this form and pursuant to HFCL Customer Data Privacy Policy. I/We authorize HFCL to collect information about me/us as
may be required for evaluating the proposed financing Loan, including without limitation, gathering information from credit
bureaus like CIBIL. I/We also consent authorize HFCL to share my information, and my personal data at any point of time,
with credit bureaus, statutory agency or any third party as HFCL may deem fit.
I/We here by further authorize HFCL to disburse the Loan amount directly in the account of the dealer/manufacturer/DSA, as
the case may be. Any such disbursement made by HFCL shall be deemed to be disbursement made to me/us only.
I/We have read and understood the privacy policy available on Hero FinCorp’s website and consent to the processing of
my/our personal information by HFCL.
__________________________________ ________________________________
(Signature of the Borrower) (Signature of the Co-Borrower)

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This document isSign against
digitally signed appropriate box

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

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1.24 “Vehicle” or “Asset” means the vehicle(s)/assets (which may include, two wheeler vehicle, scooter, motor cycle etc.) in respect of which or for the purchase of which the Loan
Facility is made available by the Lender, particulars whereof would appear from the Schedule A hereunder written including all the accessories and add-ons thereto such as
tools, spares, small wind screen, luggage carrier, side stand, indicator protectors, insurance, warranties, on road assistance etc. and which is intended to be hypothecated by
the Borrower in favour of the Lender, as Security for the repayment of the Outstanding Amounts.
2. Article-2- Interpretation
In this Agreement, unless the context otherwise requires:
2.1 Any reference to the Clauses, Articles, Schedules are to be construed as references to the Clauses, Articles, Schedules to this Agreement.
2.2 References to the masculine gender include references to the feminine gender and the neutral gender and vice-versa.
2.3 Words denoting the singular shall include the plural and vice-versa.
2.4 Any reference to Person shall mean any natural person, body corporate, organization, associations, partnership, limited liability partnership, proprietorship, HUF, trust, union,
society, or any other person treated as person under Applicable Law.
2.5 Any reference to a document includes an amendment or supplement to, or replacement or novation of, that document but disregarding any amendment, supplement,
replacement or novation made in breach of this Agreement.
2.6 The words “include” and “including” are to be construed without limitation.
2.7 If there is more than one Borrower mentioned in Schedule I hereunder written, wherever the context so requires, the word “Borrower” shall be construed as “Borrowers” and the
grammar and construction of every concerned sentence shall be deemed to be appropriately amended so as to indicate more than one Borrower. Similarly, if there is more than
one Guarantor, wherever the context so requires, the word “Guarantor” shall be construed as “Guarantors” and the grammar and construction of every connected sentence shall
be deemed to be appropriately amended so as to indicate, more than one Guarantor.
2.8 Each of the rights, powers and remedies given to the Lender under the Loan Documents are in addition to all other rights, powers and remedies given to it by virtue of the Loan
Documents or any Applicable Law.
2.9 The liabilities and obligations of the Obligors to the Lender include all of its past, present and future, actual and contingent liabilities and obligations to the Lender.
2.10 Sanction Letter shall be construed as an integral part of this Agreement and shall be read along with this Agreement. In the event of ambiguity between the terms and conditions
of this Agreement and Sanction Letter, the terms and conditions of this Agreement shall prevail.
3. Article 3-Loan, Interest and Repayment
3.1 The Lender grants to the Borrower, a Loan Facility for the aggregate amount and for the tenure as set out in Schedule A hereunder, which shall be utilised solely and
exclusively for purchase/acquisition of the Vehicle, however, prior to receiving the Loan Facility, the Borrower shall provide to the Lender with documents evidencing payment of
his/their own contribution towards buying the Vehicle, if any, to the satisfaction of the Lender.
3.2 The Borrower shall deliver to the Lender a duly completed and executed Disbursement Request Form, as set out in Schedule B to this Agreement. The Lender has the sole and
absolute discretion to determine the manner of disbursement. In the case of: (i) purchase of new Vehicle, the Loan amount may be disbursed directly to the
Dealer/Manufacturer; (ii) purchase of used Vehicle, the Loan amount may be disbursed either to the seller/owner of the Vehicle or to the direct selling agent ( DSA) of the Lender
or to the Borrower, and such disbursements shall be deemed to be the disbursement made to the Borrower as contemplated under this Agreement for all purposes.
3.3 The Borrower shall pay to the Lender, Interest on the Loan at the rate as specified in the Schedule A. The Lender shall have the right at its sole discretion to revise the Interest
rate at any time including at the time of each disbursement, on account of changes in the lending rates, prevalent market practice, money market changes, variations prescribed
by Authorities including RBI, reserve requirements, provisioning norms, or changes in the Applicable Law. The judgement of the Lender with respect to occurrence of any these
events shall be final and binding on the Borrower. Any revision in the Interest rate shall only be applicable on the Borrower prospectively. The Borrower acknowledges that such
revised interest shall be deemed to form part of Outstanding Amounts. The Borrower shall in addition, pay and/or reimburse to the Lender, as the case may be, interest tax and
any other Tax or other levy as may be levied on, or in respect of Interest payments under these presents. The Borrower shall not dispute the same or raise any objection with
regard to the payment of the Interest and charges and the amount thereof.
3.4 The Borrower acknowledges that Lender adopts interest rate/pricing methodology based on various risks associated with the type of Loan, cost of funds, tenor of the Loan, type
& value of Security, Loan amount etc. Further, Lender periodically reviews the rate of interest and product features offered by it with those offered by its competitors. For a
Borrower, an additional risk premium may be included in the pricing based on the credit risk associated with the Borrower which is a function of the Borrower’s credit history,
credit information, internal rating along with other factors like the Borrower’s source of income, professional experience etc. Accordingly, the applicable rate of interest may be
different for different categories of borrowers and may differ from one loan to other loan.
3.5 The mode of repayment of the Outstanding Amounts shall be as specified in Schedule A (time being the essence of the contract) and will be either by way of PDC’s/National
Automated Clearing House (“NACH”)/Standing Instructions (“SI”)/Direct Debit/any other mode as may be agreed by the Lender. The Borrower confirms having perused,
understood and agreed to such mode/method of calculating the Interest/Installments. The payment of Installments shall commence and continue as per Schedule A,
irrespective of the Vehicle being delivered to the Borrower and notwithstanding anything including: (i) difficulties/dispute that Borrower may have with or against the
Dealer/Manufacturer; or (ii) delivery of the Vehicle; or (iii) in respect of the Vehicle itself. The Borrower further confirms that any dispute being raised about the amount or
Interest computation will not enable the Borrower to withhold any payment of any Outstanding Amounts.
3.6 The Borrower shall deliver to the Lender PDCs/NACH mandate/SI instructions/Direct Debit Form towards payment of Installments, other fees, dues and Charges payable
hereunder, being fully cognizant of the fact that dishonour of cheques or revocation of NACH mandate/SI instructions is a criminal offence under law and shall be punishable,
inter alia, under the provisions of the Negotiable Instruments Act, 1881 (including any statutory amendments thereof) or Payment and Settlement Systems Act, 2007 or any
other Applicable Law, as the case may be. It is clearly understood that PDCs have been issued and the NACH mandate/SI’s instructions have been given in discharge of the
existing liability of the Borrower to repay the Outstanding Amounts and the Borrower has irrevocably and unconditionally authorized and instructed the Lender through
NACH/SI/Direct Debit Mode/any other mode to debit the Borrower’s bank account towards the Outstanding Amounts. The Borrower further warrants that the Borrower shall
maintain sufficient balance in the said account and shall not stop payment or do anything whereby the PDC/NACH mandate/SI/Direct Debit Form shall not be honoured on first
presentation. The Lender may in its discretion not present the PDCs or any of them, which shall not affect the Borrower.
3.7 The Obligors agrees that the Obligors shall be liable to pay all Taxes, Charges and/or levies that maybe levied by the Government/any other competent Authority in connection
with the activities/transaction/services to be rendered under this Agreement, and also agrees that the Installment(s) shall be increased by any incremental taxes, whether by way
of sales tax, excise duty or any other taxes, hereinafter levied on this transaction with retrospective or prospective effect.
3.8 The Loan Facility is payable on demand, but for convenience, the Loan Facility maybe repaid in Installment(s). The details (number and amount) and schedule thereof is without
prejudice to the right of the Lender to be paid on demand the Loan Facility along with other dues, if any. Further, the computation/fixation of Installment(s) will be without
prejudice to the right of the Lender to recompute the Interest on the basis of the agreed rate.
3.9 Obligation to make timely payment of the Installments: The Borrower shall pay the Installments on the Due Dates as mentioned in Schedule A. Notwithstanding anything
contained in the Loan Documents, the Outstanding Amounts or part thereof, shall become due and payable on the Due Dates, or earlier at Lender’s option. If a Due Date or any
date on which any other payment under this Loan is due, is not a Business Day, then such payment date shall automatically be the immediately preceding Business Day. The
Borrower agrees that the Lender may at its sole and absolute discretion swap the mode of payment of the Loan at any time during the tenure of this Agreement and in that event
the Borrower shall be under a strict obligation comply with such new mode/method of repayment without raising any demur or objection.
3.10 The Borrower may prepay the Outstanding Amounts along with pre-payment charges (as mention in Schedule A) by giving prior written notice of 15 (fifteen) days expressing his
intention to prepay, subject to payment of Interest for 6 (six) months on the total Outstanding Amount. Provided that there shall be no pre-payment or foreclosure charges on a
floating rate term loans sanctioned for purpose other than business to individual borrowers, with or without co-borrower.
3.11 The Lender may at its absolute discretion on receipt of an Installment, pay insurance premia or part thereof or any fees or charges payable by the Borrower under this
Agreement and interest without adjusting the amount received towards the dues in respect of that Installment.
3.12 The Borrower undertakes that it shall not give any instructions to the Lender with respect to not depositing the PDCs or revoke the NACH or Direct Debit or SI instructions given
by the Borrower. In case of dishonour of PDC or any other instruments issued by the Borrower or revocation of the NACH/Direct Debit/SI instructions or if under the NACH/SI
mode the Lender has not received the monies equivalent to the Installment, the Borrower agree and undertake that they are liable to pay the Installment along with bounce
penalty and late payment charges as stated in the Schedule A and shall also be liable to reimburse the Lender, costs and expenses, including legal fees. Nothing contained in
this Article 3.12 shall prejudice the Lender’s right to prosecute under the Negotiable instruments Act, 1881 (including any statutory amendments thereof) or the Payment and
Settlement Systems Act, 2007 as the case may be, read with the Indian Penal Code and/or under any Law applicable to such dishonour at that time in force.
3.13 In case of any default by Borrower in the repayment of the Outstanding Amounts, the Borrower shall, without prejudice to Lender’s other rights and remedies, pay
Default Interest at the rate mentioned in the Schedule A hereto or as may be prescribed by Lender, over and above the then applicable rate of Interest till full
payment is made/default is cured.

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3.14
The Obligor acknowledges that any sums, Interest, default amounts including but not limited to the Default Interest under this Agreement are reasonable and represent a genuine
pre-estimate of the loss in the event of non-payment by the Obligor and/or non-compliance with the terms of the Loan Documents. Further, the Obligors waive any defence
available under usury or other Applicable Laws relating to the charging of Interest/Default Interest.
3.15 The Lender shall not issue any notice, reminder or intimation to the Borrower regarding the presentation of the aforesaid PDC/NACH/SI as the case may be.
3.16 If there is more than one Borrower, then all of them shall be jointly and severally liable for repayment of the Outstanding Amounts due to the Lender and to observe and perform all
the terms and conditions contained hereunder, notwithstanding that the Vehicle may be used by one of them or that the PDCs have been issued by one.
3.17 The Obligors agrees that Lender shall provide statement of accounts with respect to the Loan during the tenure, on the request in writing with charges as determined by the
Lender.
3.18 It shall be the Obligors obligation to keep itself acquainted with rules of the Lender, in force, from time to time. Any changes to the scheduled rates, charges or terms of Agreement
pursuant to changes in Applicable Law/rules/regulations/market forces shall be communicated to the Borrower, and in case of account specific changes or other, it will be available
with the lending office.
3.19 The Obligor’s liability hereunder shall not be affected, terminated or prejudiced by the death, insolvency, bankruptcy of the Borrower, but such liability shall continue in full force
and effect and shall be binding on the Obligor’s successors, heirs etc.
3.20 All payments to be made by the Obligors to the Lender under the Loan Documents shall be made free and clear of Taxes and without any Tax deduction, unless a Tax deduction
is required under the Applicable Law.
3.21 The Lender can, at its sole discretion and without assigning any reason whatsoever cancel the Loan and call upon the Obligors to pay the Outstanding Amounts.
3.22 The Obligors hereby acknowledges that the Lender shall not issue no objection certificate (“NOC”) to the Borrower until all the Outstanding Amounts, monies, liabilities,
indebtedness of the Obligors in respect of the this Agreement and also all other monies, indebtedness and liabilities of the Obligors to the Lender in whatever capacity, shall have
been paid and satisfied in full to the Lender.
4 Article 4 –Security
4.1 In consideration of the Lender having granted or agreed to grant to the Borrower the Loan, the Borrower hereby agrees to create first and exclusive charge on the Vehicle by way
of hypothecation in favour of the Lender and further agrees to endorse the hypothecation on the registration certificate (“RC”) of the Vehicle in favour of the Lender from the
concerned registering authority. Till the creation of such charge, the Borrower shall ensure that the Vehicle is free from any Encumbrances/lien and shall be responsible to inform
the Lender about the particulars of the Vehicle within 2 (two) days of such delivery and/or registration whereupon such details shall be incorporated in and form part of the
Schedule A and failure to so inform the Lender shall constitute an Event of Default.
4.2 The Borrower further agrees to file and get registered necessary forms at the registering authority/road transport authority/other relevant authority in law in order to and to record
the said hypothecation on the Vehicle in favour of Lender, and to obtain the endorsement thereof on the RC of the Vehicle and to furnish the same/proof thereof to the Lender, to
the satisfaction of the Lender.
4.3 The hypothecation of the Vehicle shall deem to take place immediately on signing of this Agreement or delivery of the Vehicle, whichever is earlier. The Lender shall not be
responsible for delivery of duly endorsed RC and the Borrower shall not withhold payment of Installments on pretext of non-delivery of RC.
4.4 The charge intended to be created in this Article 4 shall stand as Security for the due repayment of the Outstanding Amounts by the Borrower. The charge/Securities created
herein shall continue and remain in full force till all the Outstanding Amounts under this Agreement and also in respect of other loans/facilities obtained/to be obtained by the
Borrower/s from the Lender are fully discharged to the satisfaction of the Lender and the Lender issues a certificate of discharge. Neither the Security intended to be created nor
the liability of the Obligors shall be affected, impaired or discharged by winding up (voluntary or otherwise) or by any merger or amalgamation, reconstruction , takeover of the
management, dissolution or nationalisation (as the case may be) of the Lender.
4.5 The Obligors, if required by the Lender, shall execute an irrevocable power of attorney in favour of the Lender in the form, substance and manner accepted to the Lender.
4.6 In case the Borrower is a company, the Borrower shall file Form CHG-1 under the Companies Act, 2013 with the applicable Registrar of Companies, in respect of creation of
Security as above within 30(thirty) days from the date of creation of Security.
4.7 The Obligors shall execute Demand Promissory Note and Letter of Continuity for an amount equivalent to Loan Facility together with Interest and other Charges, if required by the
Lender.
4.8 The Obligors undertakes to further secure the Loan and create such further Security and execute such other documents as may be required by the Lender from time to time with
regard to the Loan.
4.9 Any security furnished by the Obligors under any other agreement entered into/to be entered into with the Lender its group companies, its affiliates shall be deemed to be the
security(ies) under this Agreement and the Lender shall be entitled to exercise any or all rights under the respective agreements including but not limited to exercising right over
any security available to the Lender under any of the loans including this Loan. Further, the Obligors agrees that the Security under this Loan shall be deemed to be a continuing
security in respect of other loan(s) availed/to be availed by the Obligors from the Lender or any of its affiliates or group companies and shall not be discharged till such time all the
loan(s) along with the interest and other charges are fully discharged to the satisfaction of the Lender.
5 Article 5–Covenants regarding Vehicle
5.1 If the price of the Vehicle (in case of a new Vehicle) is revised upwards after the date of this Agreement, then in that event the Borrower shall pay all of the amount (in addition to
the amount paid or to be paid by the Borrower along with the Loan) that may be required for acquiring the Vehicle at such revised price and the Lender shall not be liable to pay
any such increased amounts.
5.2 The Obligors shall -
5.2.1 Pay within time all assessments, taxes and other outgoings, which are now or hereafter assessed, imposed or payable for the Vehicle to the Authority including
Municipal Corporation, Regional Transport Authority or any other authority and on demand by the Lender, the Obligors shall produce to the Lender every receipt thereof.
5.2.2 Allow inspection of the Vehicle and all documents relating thereto for verification or making valuation by the Lender or its officers auditors, technical experts,
management consultants, valuers or any other persons authorized by the Lender, whenever and wherever the Lender intends to so inspect. Failure of the same shall
amount to breach of trust and an Event of Default.
5.2.3 Not: (i) create any other debt, mortgage, pledge, hypothecation, charge, lien or Encumbrance upon the Vehicle or any part thereof in any manner in favour of any other
Person, firm or lender or bank till any Outstanding Amounts whatsoever remains payable by the Borrower to the Lender as part of the Loan Facility or in respect of any
other loan/financial facility obtained from the Lender or on any other account whatsoever; or (ii) part with possession, give on hire, lease and license or conducting
arrangement or otherwise deal with the Vehicle or any part thereof without express prior written permission from the Lender; or (iii) do or permit/cause to be done any
act, deed, matter or thing, which may adversely affect or in any way prejudice the rights of the Lender created hereunder.
5.2.4 Submit a true copy of the RC with hypothecation duly endorsed, within 30 (thirty) days of delivery of the Vehicle or 60 (sixty) days of date of disbursal, whichever is
earlier.
5.2.5 Immediately, not later than a month from disbursement, submit original copy of invoice, delivery challan, money receipt from supplier of Vehicle and other related
documents
5.2.6 On demand being made by the Lender or without demand upon occurrence of any of the Event of Default mentioned under this Agreement-
5.2.6.1 Give immediate actual possession to the Lender, its nominee or agents (as the case may be) of the Vehicle subject to the terms contained herein.
5.2.6.2 Transfer, deliver and endorse all registration, policies, certificates and documents relating to Vehicle to the Lender, its nominees or agents (as the case may
be).
5.3 If the Borrower fails to pay three consecutive EMIs, then the Lender shall have the right to request the Regional Transport Office (RTO) to flag the vehicle as “Not to be
transacted” in the VAAHAN Portal in accordance to the Ministry of road transport and Highway circular No RT-11036/09/2023-MVL dated 03rd April 2023 , as amended from time
to time
6 Article 6 –Obligors Covenants and Undertakings
6.1 Notwithstanding anything contained herein, the Lender may in its absolute discretion and without assigning any reason at any time not disburse the Loan or any part thereof and
the Lender shall not be responsible or liable for any cost, lost, damage or expenses or other consequence caused by reason of such non-disbursement.
6.2 The Borrower confirms that the price of Vehicle that is intended to be hypothecated has been arrived after taking into account all relevant taxes, duties and levies applicable as on
date of this Agreement and that Instalments shall be increased by any fresh imposition or increase in Vehicle price, taxes, duties, levies and charges during the tenure of this
Agreement or that are or may be levied on the Instalments or the transactions hereunder or that are or may become payable by the Lender by virtue of entering into this
Agreement. In the event of such taxes, duties, levies, charges increase during the period of placing of order or creation of future charge/hypothecation on the Vehicle and its
acceptance and eventful delivery to the Borrower, such increase shall be borne and paid by the Borrower.
6.3 With regard to the Vehicle, the Borrower acknowledges that: (i) Vehicle is of size, design, capacity and manufacture selected by the Borrower and is in compliance with Applicable
Laws; (ii) Lender is neither the manufacture or supplier of the Vehicle nor a dealer; (iii) Borrower has signed this Agreement relying on its/their own judgement and not on any
statement made by the Lender or its agents or the representatives; (iv) Vehicle is accepted by the Borrower by the condition as it is (with all faults and defects, if any) and delivery
shall be conclusive evidence that the Vehicle is acceptable; and (iv) Lender is not in the position to make and has not made and does not hereby make any representation or
This warranty
document is digitally with respect the merchantability, fitness, condition, quality, durability, suitability, use or operation of the Vehicle, in any respect whatsoever.
signed

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6.4 Delivery, specification and condition: The Borrower shall be exclusively responsible for obtaining delivery of the Vehicle from the Manufacturer/Dealer/vendor. Further, the
Borrower shall be liable for any kind of defect in the Vehicle, even if it is found at a later stage. The Lender shall not be liable for any delay in delivery, disbursement, demurrage or
complaint about specification, condition or fitness of the Vehicle or if there is a defect in the Vehicle or if there is a dispute of any kind or nature (even if the Vehicle is found to be
stolen Vehicle) or ownership of the Vehicle.
6.5 Alteration and addition: The Borrower shall not make any major alteration and/or addition to Vehicle without prior written consent of the Lender and in the event of fitment of
gadgets, accessories, etc. including any alteration or addition, the same shall form an integral and un-severable part of the Vehicle at the time of repossession under this
Agreement.
6.6 Maintenance: The Borrower agrees to maintain the Vehicle in good, marketable, and running condition at its own expense, and to timely replace all parts whether broken or
damaged as may be required for maintenance. The Borrower further agrees to engage mechanic(s), dealers, and service facilities which are duly authorized by the Manufacturer
of the Vehicle to carry out repair and service of the Vehicle. The Borrower shall also ensure that the Vehicle is not damaged, stolen or a priority quota Vehicle.
6.7 Not to use for illegal purposes, etc.: The Borrower agrees not to use the Vehicle either by himself/herself or through any other person for any unlawful purpose(s) or prohibited acts
under the terms and conditions of the insurance policy or under provisions of any Applicable Law or as indicated in the Schedule A hereunder and not to do or permit to be done
any act, deed or thing, which might render the insurance void or voidable or by which the ownership or custody of the Vehicle is or may in any way be jeopardized.
6.8 The Borrower shall use the Vehicle in compliance with Applicable Laws and ensure that no police complaint or any other case/dispute are filed with respect to the Vehicle.
6.9 The Lender shall have the paramount right of set off and lien, irrespective of any other lien or charge, present as well as future on the balances lying in any Loan account(s) of the
Borrower otherwise pursuant to any contact entered/to be entered into by the Borrower in any capacity to the extent of all Outstanding Amounts whatsoever arising as a result of
any Loan extended to and/or used by the Borrower and/or as a result of any other facilities that may be granted to the Borrower. The Lender is entitled without any notice to the
Borrower to settle any indebtedness setting off any deposits and/or transferring money lying to the balance of any Loan accounts of the Borrower. The Lender’s right hereunder
shall not be affected by the Obligors bankruptcy, death, unsoundness of mind, liquidation, dissolution, amalgamation, reconstruction or winding up. It shall be the Borrower’s sole
responsibility and liability to settle all disputes/objections with any such joint loan account holders.
In addition to the abovementioned right or any other right which may be created in favour of the Lender and to which the Lender may at any time be entitled whether by operation
of law, contract or otherwise, the Borrower authorizes the Lender (a) to combine or consolidate at any time all or any of his/her/its loan accounts and liabilities with the Lender (b)
to sell all the Borrower Securities or properties held by the Lender by way of public or private sale without having to institute any judicial proceedings whatsoever and
retain/appropriate from the proceeds derived there from, the total Outstanding Amounts payable by the Borrower to the Lender including costs and expenses in connection with
such sale.
6.10 The Borrower agrees that any statement of accounts with respect to a Loan, as furnished by the Lender shall be accepted by and be binding on the Borrower and shall be
conclusive proof of correctness of the amounts mentioned therein.
6.11 The Borrower shall get the Vehicle registered with the appropriate registering authority under the Motor Vehicles Act, 1988 (including the statutory amendments thereto).
6.12 The Obligors has obtained and done and shall do all that is necessary to give full force and effect to all authorizations, approvals, consents, licenses and permissions required
in or by the laws of India in relation to this Agreement, Loan Documents and the Vehicle intended to be hypothecated by way of this Agreement.
6.13 The Borrower shall use the Vehicle only for the purpose as mentioned in Schedule A.
6.14 The Borrower shall hold the Vehicle in trust for the Lender and any transfer of the Vehicle directly or indirectly by the Borrower without the permission of the Lender, shall
tantamount to an Event of Default and also criminal breach of trust.
6.15 The Obligors shall inform the Lender in writing of any damages or theft of the Vehicle, lodging of any claim whatsoever with any insurance company, in respect of the Vehicle
within 3 (three) days of such damage or theft or lodgement of claim, whichever is earlier.
6.16 The Obligors shall inform the Lender of any loss, destruction or misplacement of the Registration Book/Certificate of the Vehicle (on which the name of the Lender is endorsed)
or the insurance policy relating to the Vehicle within 3 (three) days of such loss, destruction or misplacement.
6.17 The Borrower shall not apply for any duplicate Registration Book/Certificate for the Vehicle otherwise than by delivering the application therefore to the Lender for endorsing its
charge on the Vehicle or transfer the registration of the Vehicle to any city or town other than the city of registration without the prior written consent of the Lender.
6.18 Borrower agrees and declares that PDC’s have been issued and/or SI/NACH mandate have been given, towards discharge of the liability to repay to the Lender, the
Outstanding Amounts and all other sums of money payable in terms of other facilities, including recovery of shortfall remaining due from the Borrower after adjustment of sale
proceeds of the Vehicle. Any dishonour of any PDC/SI/NACH mandate shall make and/or render the Borrower liable to face the consequences under Applicable Laws.
6.19 Obligors agrees that in the event of termination, before the full and final re-payment of the Outstanding Amounts: (i) the Lender shall be entitled to retain PDC’s issued by the
Borrower and bank them towards recovery of remaining dues, in case of failure to repay dues as per termination notice; and/or (ii) the Borrower shall not be entitled to withdraw
any SI, till the Outstanding Amounts are fully repaid to the Lender to the full and final satisfaction of the Lender by the Obligors.
6.20 The Obligors undertakes to do such acts, deeds, things and execute such further documents as the Lender may, in its absolute discretion, from time to time may require or
consider necessary to safeguard its interest.
6.21 The Obligors shall take all necessary steps to ensure that any Vehicle acquired from the proceeds of the Loan are free from all Encumbrances save and except for the
Encumbrance in favour of the Lender.
6.22 The Obligors shall provide such number of security post dated cheques to the Lender for such amount as may be determined by the Lender.
6.23 The obligations of the Borrower and Guarantor herein shall survive the termination and/or expiration of this Agreement.
7 Article 7-Representations and Warranties
Each Obligor hereby represents, warrants and undertakes to the Lender on a continuing basis that:
7.1 Each Obligor is duly organized, validly existing and in good standing under the laws of India and has the legal right and full power and all authorisations to enter into the Loan
Documents and perform all transactions contemplated therein;
7.2 Each of the Obligors have the power to own their assets and carry on their business and are in compliance with Applicable Law;
7.3 (if Obligor is a natural Person) It is a major and is of sound mind, solvent and competent to contract;
7.4 The execution and performance by the Obligors of the Loan Documents to which they are a party do not in conflict with or result in any violation or breach of or default under any
provision of any Applicable Law or its constitutional documents or any agreement to which it is a party;
7.5 No Encumbrance of any nature nor any lien exists over the Vehicles;
7.6 No suit, litigation, proceeding, investigation, corporate action, creditor’s process etc. by an Authority or any other person is ongoing or pending or threatened against the
Obligors or in respect of their assets;
7.7 The “Know Your Customer” (“KYC”) requirements of the Lender have been and shall be fulfilled and all other terms and conditions as may be prescribed by RBI or by the
Lender from time to time have been and shall be complied with;
7.8 There are no arrears on Taxes or other statutory dues and the Obligors have completed all necessary filings;
7.9 No Obligor enjoys immunity against any legal action or proceeding under any Applicable Law or otherwise;
7.10 Neither any of the Obligors nor any of their directors/partners have been declared to be a wilful defaulter. In the event of a person having being identified as a wilful defaulter, the
Obligors shall take expeditious and effective steps for removal of such person from directorship/partnership.
The Obligors hereby agree, confirm and acknowledge that it is on the basis of the representations and warranties hereinabove and the terms of the Loan Documents that the
Lender has agreed to make available the Loan to the Borrower.
8 Article 8 - Indemnity
8.1 The Obligors shall be jointly and severally liable to indemnify, keep indemnified and hold harmless the Lender, its affiliates, agents, representatives, employees, Directors,
assigns (each an “Indemnified Party”) from and against any actions, claims, third party claims, costs, damages, demands, expenses, losses and liabilities (“ Losses”) made
against, suffered or incurred by the Lender arising directly or indirectly from or in connection with: (i) breach of any of the terms and/or conditions of the Loan Documents; and/or
; (ii) the possession, operation and use of the Vehicle by the Obligors or by his/her/their employees or agents or by any other person whether or not authorized by the Obligors
for use of the Vehicle and incidental to that purpose; and/or (iii) any representations and warranties given by the Obligors found to be or becoming false, misleading or untrue in
any material respect; and/or (iv) by reason of Vehicle not being free from encumbrance or any previous charge; and/or (v) loss of the Vehicles or any part thereof by seizure by
any person other than the Lender for any reason whatsoever or resulting from any legal process instituted by any person other than the Lender or any other persons claiming
through the Lender against loss by reason of damage to/or destruction or loss of the Vehicle purchased from the Loan from the Lender for any cause whatsoever or by reason of
any claim against them. The Obligors shall keep the Lender informed of all development regarding such actions, claims, costs, damages, demands, expenses, losses and
liabilities and shall not compromise or otherwise deal with the same without the prior written consent of by the Lender. The Lender shall however be under no obligation and/or
liability to the Obligor to provide any assistance in connection with any such claim against the Obligors.
8.2 The Obligors acknowledge the inherent risks involved in sending the instructions/communications/documents to or by the Lender via facsimile, emails or any other electronic
mode and hereby agree and confirm that all risks shall be fully borne by the Borrower and the Borrower hereby assumes full responsibility for the same, and undertakes to
indemnify the Lender and keep the Lender indemnified and harmless at all times from and against any and all Losses including any claims and demands by any third party or
any other actions (including legal fees on a full indemnity basis) and howsoever arising which may be brought or preferred against the Lender or that the Lender may or may
This document haveistodigitally signed
suffer, incur or sustain by reason or on account of the Lender having so acted whether wrongly or mistakenly or not, or of the Lender failing to act wholly or in part in

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accordance with the instructions so received which could be a result of any miscommunication, or technological error beyond the control of the Lender considering the mode in
which the same was conveyed.
9 Article 9-Insurance
9.1 The Obligors shall at his own expense, so long as the Outstanding Amounts remain due and payable, insure and keep the Vehicle comprehensively insured, on an annual basis,
and covered under comprehensive risks including riot, civil commotion, fire, theft, unlimited third party risk and other hazards as stipulated by the Lender from time to time, with
such insurance company, as may be required by the Lender and make timely payment of all premia in respect of such insurance and produce and deliver all such insurance
policy, cover note and premium receipts on demand by the Lender for its inspection, verification and records. The insurance policy to be taken shall be in the name of the
Borrower in whose name the Vehicle is registered or in whose name the Vehicle is taken and the Lender shall be described as loss payee under such insurance policy.
9.2 If the Obligors fails to comply with any terms mentioned above, the Lender may (without being obliged to do and without prejudice to its other rights) take such steps as it may
deem fit to insure or renew the insurance of the Vehicle and all costs, charges and expenses in this regard shall be reimbursed by the Obligors on demand to the Lender. The
Lender at its option shall be entitled to adjust, settle or compromise in any manner whatsoever at the cost of the Obligors any and all disputes arising under or in connection with
any such insurance policy and such adjustment, settlement and compromise shall be valid and binding on the Obligors.
9.3 Any claims settled by the insurance company shall be payable only to the Lender and the Lender shall have the first right on such claim payable by the insurance company. The
Obligors agrees that any payment on account of insurance by the Insurance company shall be made directly to the Lender and acceptance of such payment by the Lender will
amount to valid discharge of the insurance company from making such payment. All such monies received from the insurance company shall be appropriated by the Lender
towards the obligation of the Obligors to the Lender.
9.4 Lender shall not be liable for any loss on account of non-renewal of insurance policy of Vehicle or delay or non-payment by the Insurance company of any settlement claim of
the Obligors.
10 Article 10-Events of Default
10.1 The occurrence of any or all of the following shall constitute an “Event of Default”.
10.1.1 If an Obligor fails to pay the Outstanding Amounts in terms of the Loan Documents; or
10.1.2 default/breach by the Obligors in performance of any of its obligations under the Loan Documents;
10.1.3 Any misrepresentations, misleading, incorrect information or suppression of material records/facts by Obligors in respect of his/her/its assets, liabilities, financial status,
etc. or in respect of the Vehicle or in respect of anything concerning the subject matter of this Agreement or anything relating to this Agreement;
10.1.4 The Obligors (in case of a body corporate or partnership firm) takes actions or steps or legal proceedings are initiated for winding up, dissolution or reorganization or for
appointment of a receiver, commissioner, liquidator, trustee or similar officer on assets of Obligors particularly the Vehicle, which is to be hypothecated in favour of the
Lender;
10.1.5 The Obligor (in case of an individual) takes steps with a view to his being adjudged insolvent in any jurisdiction or with a view to his being made insolvent in any
jurisdiction or with a view to the appointment of a receiver, trustee or similar officer on any of its assets;
10.1.6 The Obligors fails to comprehensively insure and keep the Vehicle insured with the insurance company;
10.1.7 The Vehicle is confiscated, attached, taken into custody by any authority or subject to any execution proceeding or the Vehicle is badly damaged due to accident or any
other reason whatsoever causing the same to be a total loss in the opinion of the Lender or the Obligors remove the Vehicle to any other state, i.e. all states other than
the state in which the Vehicle is registered under the Motor Vehicles Act, 1988 (including the statutory amendments thereto), without prior consent of the Lender;
10.1.8 If the Vehicle is endangered/stolen or suffer total loss/damage due to any accident and/or incident;
10.1.9 The Obligors fails to pay any tax, impost, premia, duty or other imposition or comply with any other formalities required by law from time to time in respect of the
Vehicle;
10.1.10 The Obligors uses the Vehicle for purposes other than mentioned in Schedule A or the Vehicle is stolen or untraceable for a period of 15 (fifteen) days for any reason
whatever;
10.1.11 Any of the SPDC/PDC(s)/Cheque(s)/NACH/SI instructions delivered by the Borrower to the Lender are not encashed for any reason whatsoever on first presentation;
10.1.12 Any instruction given by the Obligors to its bankers or to the Lender to stop payment of the PDC(s) or any instruction revoked in case of NACH for any reason
whatsoever;
10.1.13 The Obligors fails to get the Vehicle registered with the registering authority within 45 (forty five) days of delivery or fails to supply a copy of the RC with (the name of
the Lender endorsed thereon) within such time as specified under this Agreement or as required by the Lender;
10.1.14 If, without prior approval of the Lender, the Vehicle and/or other Securities provided under this Agreement are sold, transferred, disposed off, charged, Encumbered,
alienated, etc.
10.1.15 If the Obligors act fraudulently or dishonestly;
10.1.16 If the Obligor is convicted under any Applicable Law;
10.1.17 If the Obligors suffers from any Incapacity;
10.1.18 If there exists any circumstance which in the opinion of the Lender jeopardizes or is likely to jeopardize the Security or Guarantee or the Security depreciates in value;
10.1.19 Occurrence of any events or circumstances which in the opinion of the Lender has a material adverse effect;
10.1.20 The Obligors, its employees utilizes the Loan Facility for any purpose other than the purpose mentioned in this Agreement;
10.1.21 Any other circumstance arises which gives reasonable grounds in the opinion of the Lender that it is likely to prejudice or endanger the Vehicle or the interest of the
Lender. Then in any such case at any time thereafter, without prejudice to the rights and remedies of the Lender, the Lender may (but shall not be bound to do so),
without the specific intervention of a court or any court order by written notices to the Obligors and declare the Outstanding Amounts to be immediately due and
payable.
10.1.22 If the Vehicle has been tagged as “Not to be tagged” in the VAHAN portal as per the Ministry of road transport and Highway circular No RT-11036/09/2023-MVL dated
-03rd /April /2023, as amended from time to time.
On the question whether any of the above events/circumstances has/have occurred/happened, the decision of the Lender shall be final, conclusive and binding on the Obligors.
10.2 Notwithstanding anything contained either in these presents or anywhere else, it is hereby being unambiguously and clearly agreed and understood by and between the Parties
hereto that in the event the Obligors fails/fail to make repayment of any other loan and/or financial facility obtained from the Lender apart from the Loan Facility under this
Agreement, in strict compliance with the respective terms and conditions guiding and regulating repayment of such other loan and/or financial facility obtained/availed by the
Obligors, such failure on the part of the Obligors shall also be deemed to have constituted an event of default and shall entitle the Lender to take all such measures, which the
Lender is entitled to take in case of other eventualities forming/constituting an event of default, as stipulated in this Agreement/Applicable Law . Any default by the Obligors under
any agreement, arrangement, guarantee, and/or under any of its indebtedness (whether actual or contingent, or whether primary or collateral, or whether joint and/or several),
with Lender or its holding/subsidiaries/affiliates/group companies, shall constitute an Event of Default under this Loan and vice-versa..
11 Article 11- Consequences of Event of Default and Enforcement of Security
11.1 Without prejudice to or affecting or diluting the rights of the Lender under this Agreement or under any Loan Documents, if an Event of Default occurs or is outstanding, the
Lender may at any time with immediate effect by a notice in writing to any of the Obligors:
11.1.1 declare all undrawn amount of the Loan as cancelled forthwith; and/or
11.1.2 declare the Outstanding Amounts under the Loan as being immediately due and payable; and/or
11.1.3 stipulate such conditions or terms in relation to the Loan Documents as the Lender considers necessary; and/or
11.1.4 enforce the Lender’s rights under the Loan Documents/Applicable Law, including with respect to the Security; and/or
11.1.5 initiate appropriate legal action against the Obligors under the Applicable Law; or
11.1.6 present to the bank PDCs/SPDCs issued by the Borrower in favour of the Lender; or
11.1.7 exercise any of the rights available to the Lender under the provisions of the Clause 12 (Repossession of Vehicles).
11.1.8 request the Regional Transport Office (RTO) to flag the vehicle as “Not to be transacted” in the VAAHAN Portal in accordance to the Ministry of road transport
and Highway circular No RT-11036/09/2023-MVL dated -03rd April 2023 , as amended from time to time notify the Regional Transport Office under Section
51(5) of the Motor Vehicles Act, 1988
11.2 The Borrower hereby agrees and appoints Lender and its officers and authorized representatives to be its duly constituted attorneys for all or any of the following
purposes:
11.2.1 To commence, prosecute, enforce, defend, answer all suits, actions and proceedings including execution proceedings against me in all the courts or
tribunals in India in all matters it may be interested and concerning the said Vehicle and to compromise, settle, refer to arbitration, abandon, submit
to judgement or become non suited in any such action or proceeding as aforesaid before any Court;
11.2.2 For the purpose aforesaid to sign, declare and/or affirm and to verify any plaint, written statement, petition, affidavit, verification, vakalatnama, warrant or
attorneys, memorandum of appeal or any other regal document or paper of whatsoever nature, concerning the said Vehicle;
This document is digitally signed 11.2.3 To appoint and engage Pleaders and Advocates in all matters conferring the said Vehicle;
11.2.4 To take the possession, seize, appoint a receiver/manager, remove the Vehicle from its place of standing;

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11.2.5 To appear before the office of Regional Transport Officer and other Authorities through advocate or any other person to effect endorsement of hypothecation in
the RC and transfer of the said Vehicle;
11.2.6 To transfer, sell or dispose the said Vehicle and to sign and execute all such documents, contracts, instruments, as may be necessary and expedient for giving
delivery thereof;
11.2.7 To appoint or engage any Advocate for effecting any such transfer, sell or dispossession or realisation as the case may be;
11.2.8 To give notice to the appropriate Authority for registration of the said Vehicle upon the sale thereof;
11.2.9 To receive consideration for sale or transfer of the said Vehicle and to give proper receipt and valid and effectual discharges for the same;
11.2.10 The Borrower has also agreed to ratify and confirm all and whatsoever that the Lender shall do or cause to be done in or about the premises by
virtue of the powers herein given.
11.3 The Borrower hereby irrevocably authorizes the Lender through its representatives, officers, agents, attorney’s, nominees (without prejudice to the other rights under this
Agreement), without the intervention of court or Authority or without obtaining any prior court order, to take possession, seize, recover, appoint a receiver/manager, remove the
Vehicle from its place of standing, and also be entitled, on such terms as may be deemed fit by the Lender, to sell the Vehicles by public auction or by private contract at the best
available prices according to the prevailing market condition including as regards repossessed Vehicle, realise its claims in respect of the Loan, without being bound or being liable
for any loss/losses that the Obligors may suffer due to such action and without prejudice to the Lender’s other rights and remedies as stated under the Loan Documents or otherwise
in law entitled to enforce the Security, if any, as may have been provided to secure the Outstanding Amounts.
11.4 Without prejudice to the Lender’s rights and remedies of legal action or otherwise and notwithstanding any pending proceeding/s, the Obligors shall give immediate possession to
the nominee/s of the Lender on demand of the Vehicle, and transfer and deliver all relative bills, contracts, securities and documents (including all registrations, policies, certificates
and documents relating to the said Vehicles) to the Lender. The Lender’s account of sales and realisation shall be treated as sufficient proof of amounts realised and relative
expenses incurred, and the Obligors shall pay on demand by the Lender, any deficiency shown in the accounts, provided however, that the Lender shall not be liable or responsible
for any loss, damage or depreciation that the Vehicle may suffer or sustain in the course of seeking repossession and/or while the same is in possession of the Lender or its
nominee/s or by reason of exercise or non-exercise of rights and remedies available to the Lender as aforesaid.
11.5 At the time of taking over possession of the Vehicle from the Borrower, the Lender or its duly authorized representative will make a list of all items that may be found in the Vehicle
and will present the same to the Borrower or whoever may be present on behalf of the Borrower at the time of such taking over of such possession of the Vehicle for confirmation
and for indicating any objection relating to preparation of such list. The Borrower or the person present on his behalf at the time of taking over such possession of the Vehicle would
be required to countersign such list and a copy of such list will be supplied to him free of cost. However, in the event, the Borrower or the person present on his behalf at the material
point of time refuses or declines to put his signature on the list, the Lender would be under no compulsion or obligation to furnish a copy of such list to the Borrower at any time, nor
the same would render taking over of possession of the Vehicle by the Lender unlawful or illegal.
11.6 Any acceptance of payment by Lender after occurrence of an Event of Default will not affect the default or operate as a waiver and rights of Lender flowing/arising therefrom.
11.7 From the occurrence of an Event of Default till the time the Vehicle comes in possession of the Lender, the Borrower shall pay to the Lender, a sum as specified in Schedule A per
diem in addition to and not in derogation of any other sum payable. This is a reasonable pre-estimate of damages likely to be suffered by the Lender for non-recovery of the Vehicle.
11.8 Notwithstanding anything to the contrary expressed or implied:
11.8.1 The Lender shall not be bound to exercise any of the powers mentioned in Article 11 or any Loan Documents. Furthermore, the rights enumerated in Article 11 are without
prejudice to the legal rights and remedies available to the Lender under Applicable Law for the enforcement & protection of the Security & legal interests.
11.8.2 The Lender or its officers, agents or nominees acting bonafide shall not be, in any way responsible for any loss, damage, limitation or depreciation that the Vehicle may
suffer or sustain on any account, whilst the same is in possession of the Lender, its officers, agents or nominees or because of exercise or non-exercise of rights, powers
or remedies available to the Lender or officers, agent or nominees and all such loss, damage or depreciation shall be debited to the Borrower’s account, howsoever may
have been caused.
11.8.3 Neither the Lender nor its agents, officers or nominees shall be in any way be responsible and liable and the Obligor/s hereby agrees not to make the Lender or its
officers, agents or any nominees liable for any loss, damages, limitation or otherwise for any belongings and articles that may be kept or lying in the Vehicle at the time of
taking charge and/or possession, seizure of the Vehicle pursuant to the terms of Article 11.
11.9 In case the Lender exercises anyone or more power(s) set-out in Article 11, the same shall be without prejudice to the Lender’s right and remedies of any suit any other legal
proceeding either pending or that may be initiated against the Obligors.
12 Article 12- Repossession of Vehicles
12.1 In the event of the Lender deciding to take possession of the Vehicles, the Lender shall give the Obligors, a notice of not less than seven (7) days as specified in the Loan
Documents prior to the repossession of the Vehicles, specifically informing the Obligors of the Lender’s intention to repossess (hereinafter referred to as the “ Repossession
Notice”). Provided however that, where the Lender has specifically informed the Obligors of its decision to take possession of the Vehicles in any notice issued to the Obligors for
any reason whatsoever, such notice shall be deemed to be the Repossession Notice and no separate notice shall be necessary in relation to the same.
12.2 Notwithstanding anything contained in Article 12.1 above, the Vehicles may be immediately repossessed, and no notice prior to such repossession will be required to be given by
the Lender to the Obligors and the Obligors expressly waive the right to receive the Repossession Notice, in the event of the happening of any of the following:
12.2.1 where the Outstanding Amounts have not been paid;
12.2.2 if any of the Obligor is not traceable;
12.2.3 if the Borrower fails to submit the Vehicle for inspection if required by the Lender;
12.2.4 change of any of the Obligor’s place of residence without intimation to the Lender;
12.2.5 where the Obligors are in contravention of any Applicable Law;
12.2.6 where any proceedings for insolvency / winding up are initiated against the Obligors;
12.2.7 the Obligors have contravened the terms of the Loan or the terms under the Loan Documents;
12.2.8 the Vehicle acquired by the Obligors under the Loan Documents is in possession of a third party;
12.2.9 Where the Obligors have availed the Loan fraudulently from the Lender or any statement or representation made by the Obligors to the Lender is false or
incorrect;
12.2.10 any situation which in the view of the Lender may constitute an event of fraud or evasion by the Obligors including without limitation (a) change of any registration
plates/special marks and numbers embossed on engine/chassis in relation to any of the Vehicle; (b) non availability of the Obligors for any period of time and any
suggestion made to the Lender by any neighbour of the Obligors, other lenders and the likes, that any of the Obligors is absconding; (c) the Obligor has been avoiding
payment to its other lenders; (d) the endorsement of hypothecation recorded with the concerned regional transport office has been deleted, altered/manipulated, without
prior written consent/approval of the Lender; or (e) the Obligors have disposed off or sold off/created third party rights/Encumbered the Vehicle, without prior written
consent/approval of the Lender.
12.3 The process for repossession shall be as under:
12.3.1 By seeking an order through the court/arbitral tribunal; or
12.3.2 Without intervention of any court or any Authority, the Lender in its capacity as constituted attorney of the Borrower in terms of Article 11.2; or
12.3.3 Where an order of any court/arbitral tribunal is obtained, on the basis of the order, repossession shall be sought by the receiver with or without police aid for seeking
interim custody of the Vehicle. The repossession may be done anywhere within the territory of India, in the presence of two witnesses and inventory of the
Vehicles/items/spare parts of the Vehicles would be made; or
12.3.4 In case the repossession is without a court order, the Lender/its authorized officers/agents shall clearly communicate to the Borrower/occupant/custodian of the Vehicle
that the Vehicle is being repossessed as per the Loan Documents read with the power of attorney (if any).
12.4 The Lender may at any time prior to the sale/auction of the Vehicle(s) inform the Obligor its intention to sell/auction such Vehicles in the event the Obligors do not clear the
Outstanding Amounts (“Pre Sale Notice”). Such notice shall inter alia, contain the following:
12.4.1 The final date on which the Obligors may pay the aggregate Outstanding Amounts due and payable to the Lender;
12.4.2 Provision for release of the Vehicles to the Obligor upon the repayment of the Outstanding Amounts; and
12.4.3 Provision for the sale/auction in case of non-clearance of the Outstanding Amounts due, by such final date, for the amounts due by the Obligors.
12.5 In the event Obligors makes payment of the entire Outstanding Amount to the Lender towards its full and final satisfaction subsequent to taking possession of the Vehicle by the
Lender and prior to its sale, transfer and/or alienation to any third person(s) or the Obligors makes the highest offer in the auction proceeding, as contemplated hereinabove, the
Vehicle shall be returned to the Obligors by the Lender upon receipt of the entire Outstanding Amounts or upon receipt of the amount offered, as the case may be, against a valid
acknowledgement from the end of the Obligors. Such return of the Vehicle, however, shall not preclude or debar the Lender from adopting the aforesaid measures once again
against the Obligors in the event the Obligors fails to make payment of the balance of the Outstanding Amount, if any, to the Lender within the time prescribed by the Lender.
12.6 In the event that the Obligors fail to complete the repayment as contemplated in Article 12.5 above, the Lender/receiver shall be entitled to sell the Vehicles either though an
auction(either online or offline) or through a private contract or public auction or any other mode as Lender may deem fit. In the event the sale of the Vehicles takes place through
an auction, the following process will be followed:
12.6.1 The Lender will assign a base price to the Vehicles;

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12.6.2 The Lender will obtain bids for the Vehicle prior to the sale and the sale shall be made to the highest bidder.
12.7 Notwithstanding anything contained in Article 12.6 and without prejudice to any other rights of the Lender available under the Loan Documents, the Lender shall be entitled, in its
sole and absolute discretion, subsequent to the completion of the auction process as set out in Article 12.6, to acquire the Vehicles for itself by quoting a price higher than the
highest price quoted in the auction.
12.8 ln case the net sale proceeds, after deducting all costs, charges, and expenses incurred by the Lender are not sufficient to meet in full, the Outstanding Amounts payable to the
Lender under the Loan Documents, the Obligors shall make good and pay such deficiency to the Lender as loss on sale.
13 Article 13-Charges and expenses
13.1 Interest, Taxes, other fees, stamp duties, processing fees, upfront fees, late payment charges, default charges, NOC fees, prepayment charges, insurance charges, enforcement
expenses, repossession charges, assignment cost, legal expenses and other Charges, as may be applicable from time to time on the Loan shall be borne solely by the Obligors.
Such amounts shall form part of the Outstanding Amounts.
13.2 The Obligors shall be liable to pay various charges for repossession of the Vehicle including without limitation, tow away charges, parking charges, godown charges, rentals and
other such expenses incurred by the Lender for effecting the repossession of the Vehicle and for its safe keeping etc.
13.3 In the event of dishonour of any SPDC/PDC/Cheque/NACH/SI instruction, Obligors shall, without prejudice to any right the Lender may have in law, be liable to pay to the Lender
for each such dishonour, cheque/NACH/SI dishonour charges as specified in the Schedule A. Obligors shall, as demanded, reimburse for costs and expenses (including legal
fee) incurred in or in connection with preservation or enforcement of any of the rights of the Lender.
13.4 The Obligors acknowledges/accepts that the Lender may in its discretion from time to time revise/modify the fees and charges mentioned in the Agreement or in the Schedule A
and all such revised fees and charges including taxes as applicable shall be payable by the Obligors. Any change in the Charges shall be effected prospectively only.
14 Article-14 Assignment
14.1 The Obligors agree that the Lender shall at be entitled to sell, assign, securitize or transfer, in whole or in part, and on such terms as the Lender may decide (including reserving
the right unto itself to proceed against the Obligors on behalf of such purchaser, assignee or transferee all its rights and obligations hereunder including any Security intended to
be created by the Obligors for securing any of its obligations hereunder including without limitation, any interest that the Lender may have in any underlying Assets) to any third
party of the Lender’s choice, without reference or intimation to the Obligors, who hereby gives its consent to such sale, assignment, securitization or transfer. Any notice of sale,
assignment, securitization or transfer is hereby waived by the Obligors and such sale, assignment, securitization or transfer shall bind the Obligors, and Obligors shall treat such
transferee, assignee or purchaser as if it were the Lender. The Obligors however shall not be directly or indirectly entitled to assign its rights or obligations in part or whole to any
person and any such assignment shall be void.
14.2 The Obligors agree that after any sale, assignment or transfer, Lender may continue to exercise all powers hereunder on behalf of transferee/assignee/purchaser and the Obligors
agrees if so directed by the Lender. The Obligors shall pay all the Outstanding Amounts directly to transferee/assignee/purchaser which shall be treated as a valid discharge of the
relative obligations of the Obligors. In the event of breach of obligations by the Obligors, the transferee/assignee/purchaser shall have the rights which the Lender has against the
Obligors including right to institute proceedings, to recover possession and all other rights. Further, the transferee/assignee/purchaser shall be entitled to inspect the Vehicle and
exercise all other rights of the Lender.
15 Article 15- Governing Law and Jurisdiction
15.1 This Agreement, Loan Documents, all obligations arising out of or in connection with them, shall be governed by and shall be construed in accordance with the laws of India.
15.2 Subject to Article 16, the Parties hereto agree that all disputes arising out of and/or relating to the Loan, this Agreement or any other Loan Document s shall be subject to the
exclusive jurisdiction of the courts at New Delhi only. Notwithstanding the aforesaid, the Obligors acknowledges and agrees that Lender may, however, in its absolute discretion
commence any legal action or proceedings arising out of this Agreement or any other Loan Document s against the Obligors in a court, tribunal or any other appropriate forum
situated in any part of India.
16 Article 16 – Dispute Resolution
16.1 All disputes, claims, controversy or difference or questions between Parties arising out of or relating to the Loan, this Agreement, other Loan Documents shall be referred to
arbitration by a sole arbitrator appointed by the Lender. The arbitration proceedings shall be conducted in accordance with the Arbitration and Conciliation Act, 1996, including the
statutory amendments. The venue, place and seat of arbitration shall be New Delhi and the language of the arbitration shall be English. The award including interim award(s) of
the arbitral tribunal shall be final, conclusive and binding on all the parties concerned. The arbitral tribunal may, from time to time, lay down the procedure to be followed in
conducting the arbitration proceedings and shall conduct the arbitration proceedings in such manner as it considers appropriate.
16.2 Nothing contained herein shall be construed as extinguishing, limiting or ousting the Lender’s rights under Recovery of Debts due to Banks and Financial Institutions Act, 1993
and/or Insolvency and Bankruptcy Code, 2016 and/or The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (including the
statutory amendments thereof), in connection with the recovery of Outstanding Amounts due under this Agreement and Loan Documents.
17 Article 17-Lender’s Rights
17.1 Lender at its sole discretion shall have the right to (i) revise or reschedule the repayment terms of the Loan or the Outstanding Amounts; or (ii) store financial, identity and other
data/information of the Obligors; or (iii) inspect books of accounts and other records maintained by the Obligors; or (iv) recall the entire Outstanding Amounts of the Obligors at
any time.
18 Article 18- Termination
18.1 The Obligors agrees and acknowledges that any action/omission on the part of the Obligors under this Agreement, which constitutes an Event of Default shall entitle the Lender
to terminate/cancel this Loan. In such a case, without prejudice to any other rights, the Lender may, with or without notice, terminate this Agreement and/or enforce any Security
for the repayment of the Outstanding Amounts and/or forthwith demand/recall the Outstanding Amounts by the Obligors. The Obligors does not have the right to terminate this
Agreement in any situation except with the written consent of the Lender to the effect that the entire Outstanding Amounts due to the Lender under this Agreement have been
paid in full.
19 Article19 – Disclosure of Information
19.1 The Obligors understand that as a pre-condition, the Obligors gives consent for the disclosure by the Lender of all or any such: (i) information and data relating to the Obligors
(including personal sensitive data or information and any information that requires a consent under the Information Technology Act, 2008 and/or any other statute); (ii) the
information or data relating to any credit facility availed of/to be availed, by the Borrower/s; and (iii) default if any, committed by the Obligors in discharge of the Obligors
obligation (“Obligors Information”).
19.2 The Obligors agree that the Lender may disclose Obligors Information to: (i) any of its employees, agents, representatives, assigns, affiliates, subsidiaries, holding company,
group companies; (ii) any third parties or service providers or professional advisors engaged by the Lender; (iii) to any rating agency, insurer or insurance broker of, or direct or
indirect provider of credit protection to the Lender; (iv) to any credit bureau, database/databanks, corporate, banks, financial institutions etc; (v) to any Authority or other person
as required by Applicable Law; (vi) to any person pursuant to an order or direction of an Authority; (vii) TransUnion CIBIL Limited (“CIBIL”), Reserve Bank of India (“RBI”),
Income Tax Authorities, or any other government or regulatory authorities, statutory authorities, quasi judicial authorities ; (viii) to any credit information company, other agencies
or any information utility or other lenders of the Obligors including who may also use, process the Obligors Information and data disclosed by the Lender in the manner as
deemed fit by them, and who may for consideration or otherwise furnish such processed information and data or products thereof prepared by them, to banks/financial
institutions and other credit guarantors or registered users, as may be specified by the RBI.
19.3 The Lender shall be entitled to exercise this right under this Article 19 without issuing any notice to the Obligors. The Obligors specifically waives the privilege of privacy, privity
of contract & defamation.
19.4 The Obligors agree as a pre-condition of the Loan given to the Borrower by the Lender that in case the Obligors commit default in the payment/repayment of the Outstanding
Amounts on the Due Date(s), the Lender and/or RBI will have an un-qualified right to disclose or publish the name/s of the Obligors or the name/s of their partner/s or directors
as defaulter/s in such manner and through such medium as the Lender or RBI in their absolute discretion may think fit including the photographs of the Borrower and/or
Obligors or any of their directors, partners, members or personnel.
19.5 The Obligors hereby provide consent to the Lender to carry out the KYC and other requisite checks by such processes as may be permissible under Applicable Law including
authentication/verification of documents or details submitted for KYC purpose, accessing and procuring data from databases maintained by statutory or other Authority. The
Obligors expressly authorise/consent to Lender, its various service providers or agents, including for marketing, collections and recovery agents to contact the Obligors
telephonically, through e-mails, telephones, messages, SMS, Whatsapp or other applications or otherwise even if the names of the Obligors appear in the Do Not Call or Do Not
Disturb Register to inform the Obligors about the marketing schemes, various financial and/or investment products and/or offerings of other services, Outstanding Amounts
under the Loan Documents or any other aspect pertaining to any facilities availed or to be availed by the Borrower. The Obligors also expressly declare that such e-mails,
telephonic calls, messages, SMS, Whatsapp messages etc. from the tele-callers, agents and/or service provider of the Lender and its associates, affiliates and/or group
companies will not cause any inconvenience to them and/or their family members. The Obligors expressly and irrevocably consent that for any claim against the service
providers, the Lender shall not be liable and the claim of the Obligors on this account shall be against the service providers and/or tele-callers. The Obligors agree to the use of
e-mails, messages, SMS, Whatsapp and/or other applications for communication or sharing of information or documents, agree to abide by the terms and conditions of such
applications and agree to the risks associated with such applications or sharing of information through them.
This 20 Article
document 20-Miscellaneous
is digitally signed Provisions

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20.1 Notices-Any notice/communication/letter/document to be sent shall be in English and delivered at the address specified in this Agreement or such other address as notified in
writing (within 7 days of change), while communication etc. may be sent by electronic mail, speed post, courier, personal delivery or fax, where by fax, a confirmation copy must
also be sent by mail/courier. The communication shall be deemed to be received, if by courier/speed post - 3 (three) days after posting/dispatching the same; if personally
delivered - on receipt; if sent by fax- upon receipt of confirmation and if sent by electronic mail- when so sent by the server. If given by the Obligor to the Lender, when it is
actually received by the Lender.
20.2 Amendments- The Lender reserves the right to alter, amend or revise any of these terms and conditions and may notify the Obligors of any changes to terms and conditions in
any manner it considers appropriate.
20.3 Certificate- Certificate signed by the authorized representative of Lender as to the amount due from Obligors under the Agreement on the date of such certificate shall be prima
facie evidence that amount so certified was in fact due from the Obligors on the date of such certificate.
20.4 Until the entire Outstanding Amounts owed to the Lender by Obligors has been paid, the Lender shall have a lien on all properties and assets of the Obligors, from time to time
in the possession of the Lender and a charge over all stocks, shares and marketable or other securities and get any or all of them registered/pledged in the name of the Lender
or its nominee.
20.5 In case of the death of the Obligors, where the Obligor is an individual, the legal representative shall: (i) apply under the Motor Vehicles Act, 1988 (including the statutory
amendments thereto) to get the Vehicle transferred in his name; (ii) Replace the PDCs, insurance premium cheques, fees, charges and residual cheques, in the same manner
as provided in this Agreement as if he/she were the Borrower; and (iii) Execute a fresh agreement, power of attorney (as and when required by the Lender) and such other
documents as required by the Lender. Provided that the Lender shall be entitled to exercise its sole discretion determining whether to enter into an agreement etc. or not with
the legal representative and subject to the legal representative meeting the Lender’s credit criteria and other requirement from time to time. In case the legal representative does
not or refuses to follow the above procedure or does not meet the Lender’s credit and other requirements, the Lender shall be entitled to repossess/dispose off/sell/transfer the
Vehicle to any third party and the short fall on such recovery shall be recovered from the legal representative.
20.6 The Obligors further expressly accepts that the Lender shall without prejudice to its right, appoint one or more third parties for verifying physical premises of the Obligors
residence/office or otherwise, collect/attempt to collect Instalments hereunder reserved and/or any other amounts due to the Lender on behalf of Lender repossess/attempt to
repossess the Vehicle and to perform and execute all acts, deeds, matters and things connected therewith including sending notices of demand, and generally performing all
lawful acts as third parties works on behalf of Lender including legal costs and fees, the expenses of postage, telephone calls, legal notices and proceedings and all expenses of
agents/representatives deputed for verification of physical premises of the Borrower/s office/residence, collection of Instalments and repossession of Vehicle. Even on
occurrence or continuance of any condition recognised as force majeure, the Obligors shall remain fully responsible and liable for the due repayment of the Outstanding
Amounts within such time as may be prescribed by the Lender and for observance of all terms, conditions and covenants. Net proceeds of sale, realisation, recovery and/or
issuance claim proceeds relating to Vehicle on receipt by Lender shall be applied at the discretion of the Lender. Borrower/s shall continue to be liable for deficiency in amount
due/payable to Lender.
20.7 Severability: Each of the provisions of this Agreement are intended to be and shall be construed as independent and several of each other. Invalidity, illegality or unenforceability
of any provision (in whole or part) of the terms and conditions of this Agreement in any jurisdiction shall not affect such provision in any other jurisdiction or invalidate or affect
the remaining provisions (including in case of partial invalidity, the valid part of the affected provision) of this Agreement.
20.8 The Lender’s remedies under this Agreement or Applicable Law including termination of this Agreement shall be several and cumulative and not in the alternative. The Parties
agree that any delay or omission by the Lender in exercising any of its rights, powers or remedies under this Agreement and other documents pursuant hereto shall not impair
the right, power or remedy or be construed as its waiver or acquiescence by the Lender.
20.9 The Lender may set off any matured Outstanding Amounts due from the Obligors under this Agreement (to the extent beneficially owned by the Lender) against any matured
obligation owed by the Lender to that Obligor.
20.10 The Obligors agree that damages may not be an adequate remedy and the Lender shall be entitled to an injunction, restraining order, right for recovery, specific performance or
such other equitable relief to restrain the Obligors from committing any violation or enforce the performance of the covenants, warranties or obligations contained in this
Agreement.
20.11 In the event of cancellation of the booking of the Vehicle by the Borrower, the Lender shall have exclusive rights to claim the Loan amount from the concerned
Dealer/Manufacturer and the Obligors agrees to indemnify the Lender for all the Losses suffered/sustained by the Lender if the Dealer/Manufacturer fails to refund the amount
disbursed towards the Loan, to the Lender.
20.12 The loan application form, Sanction Letter, Schedules hereto and any amendments thereof shall be deemed to be an integral part of this Agreement as if the provisions thereof
were set out herein in extension.
20.13 In the event any changes are required to be made in any of the Loan Documents based on guidelines / directives issued by the RBI to non-banking financial companies from
time to time, such changes shall be deemed to be incorporated in the Loan Documents as if the same were part of the documents since inception and thereafter such amended
terms and conditions will thereupon apply to and be binding on the Obligors. Without prejudice to the aforesaid, Lender may in its sole discretion ask the Obligors to co-operate
with the Lender to make those changes in the Loan Documents and the Obligors shall be bound by the same.
20.14 Notwithstanding any suspension or termination of the Loan, all rights and remedies of the Lender as per the Loan Documents shall continue to survive until the receipt by the
Lender of the Outstanding Amounts in full to its satisfaction.
21 Article 21-Guarantee and Guarantor’s Covenants
21.1 In consideration of Lender giving the Loan, the Guarantor(s) hereby guarantee(s) that his/their obligation shall be concurrent with those of Borrower in all respects as if he/they
was/were the Borrower. Guarantor(s) also guarantee(s) the regular and punctual payment of all the Outstanding Amounts due and payable and due performance and
observance by the Borrower.
21.2 The Guarantor(s) declares that: (i) the Lender shall be at liberty to sue the Borrower/s and Guarantor(s) jointly and/or severally or proceed against Guarantor(s) as if
Guarantor(s) is the principal debtor; (ii) indemnities/guarantees contained herein shall remain in full force and effect for the tenure of the Agreement and shall survive termination
insofar as they relate to events occurred during tenure; and (iii) Guarantor/s shall not assign, transfer, revoke, cancel, alter, modify or withdraw this guarantee without the prior
written consent of the Lender;
21.3 Guarantor/s does/do unconditionally and unambiguously agree and covenant that guarantees shall be and remain as, for all purposes, a continuing guarantee and shall be in full
force and effect till all obligations of Borrower covered under these presents are performed and/or discharged and all dues of Lender are paid towards its full and final
satisfaction.
22 Article 22-Acceptance
22.1 The Obligors have read, understood, agrees and accept all the above terms and conditions of this Agreement, from Article no 1 to 22 on page nos. ____ to ____ which was
filled in their presence, except the Registration Number, which may be filled by the Lender. The Agreement has been explained to the Obligors in vernacular language and they
have understood the entire meaning and have been served a copy after execution. The Obligors agree that the Agreement commences on and from the execution and remain in
force till all the Outstanding Amounts due to the Lender are fully paid and is legally binding. They further agree that this Agreement may be execute physically by Parties or
electronically, as deemed appropriate to the Lender.
22.2 This Agreement may be executed in any number of counterparts by either handwritten or electronic signature, each of which when executed shall constitute a original, but all the
counterparts shall together constitute the one agreement, and each of which counterparts may be delivered by emailing the signed scanned document or electronically signed
portable document format (pdf) version of this Agreement (as applicable). The Obligors agrees to the execution of this Agreement in this manner, and the Obligors
acknowledges that execution in this manner creates a binding contract between the Parties. Further, upon the request of the Borrower, this Agreement may be executed in a
vernacular language; however, the English version of this Agreement shall prevail. In addition, the Obligors agree that the details required for the purposes of this Agreement,
which are unavailable as of the date of this Agreement, shall be deemed incorporated and considered as a part of this Agreement, as and when such details and information are
made available.
DECLARATION
The contents of the Loan application, Sanction Letter, this Agreement, and any other Loan Documents have been explained by me/us in Hindi (language) and the same have
been understood by the Obligors.
Signature ______________ ___________________ __________________

Borrower Co-Borrower Guarantor


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___________________
Name:
Designation:

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SCHEDULE A
[This Schedule A forms an integral part of the Loan cum Agreement to Hypothecate]
Sr. No. Particulars Details
1. Place of Agreement New Delhi

2. Date of Agreement 17/07/2023
3. Branch Address of the Lender Hero FinCorp Ltd.
34, Community Centre, Basant Lok,
Vasant Vihar, New Delhi-110057.
4. Details of the Borrower:
a) Name: CHANCHALA DEVI
b) Father’s Name/Husband’s Name: AKHILESHWAR CHAUDHARI
c) Address: wo Sanjay kumar pandey ward no 08 Gram jaganpatti Dighi - NEAR OF SCHOOL 843322
(including Pin Code/PO/PS/District) SITAMARHI BIHAR
d) Constitution: □Individual □Proprietorship Firm □ Partnership Firm □ Company □ LLP

e) PAN: EADPD1329A
f) Email
g) Mobile Number: 9334134827
5. Details of the Co-Borrower:
a) Name:
b) Father’s Name/Husband’s Name:
c) Address:
(including Pin Code/PO/PS/District)
e) PAN:
f) Email
g) Mobile Number:
6. Details of the Guarantor:
a) Name:
b) Father’s Name/Husband’s Name:
c) Address:
(including Pin Code/PO/PS/District)
e) PAN:
f) Email
g) Mobile Number:
7. Description of Vehicle
a) Cost of Vehicle/On Road Price INR-94827.00
b) Make and Year of manufacture: SPLENDOR PLUS
c) Type of Vehicle/Model No. SPL + BS6 I3S DRS C FI BLACK
d) Age of the Vehicle
e) Name of Seller/Dealer/Manufacturer/Sub DIKSHA AUTOMOBILES (A0510952)
Dealer/DSA
f) Nature of use of Vehicle □ Personal □ Commercial
g) Place of use of Vehicle
8. Loan Details
July 17,2023 53950709
a) Loan Application Date & No.
b) Sanction Letter date with reference No.

c) Nature of Loan Two Wheeler Loan
d) Loan Amount Rs. 46074
e) Purpose of the Loan Personal
f) Annualized Rate of Interest 17.985
g) Interest Type (Tick whichever is applicable) □Floating □Fixed □Semi Fixed
h) Default Interest
i) Amount of PEMI
9. Repayment of Loan:
36
a) Tenure of Loan
□ NACH □ PDC □ SI □ Any other mode, please specify _________________
b) Mode of Repayment
36
c) Number of Installments
Rs. 1683.00
d) Amount of each Installment
st INR 1683.00/-
e) 1 Installment Amount
September 8,2023
f) Date of commencement of Installment
From 8/9/2023 To 8/8/2026
g) Period
8/9/2023
h) First Due Date
8/8/2026
i) Last Due Date
8th-of every month
j) Due Dates
0
k) Advance Installment
l) Number of PDC’s/SPDCs
Repayment Schedule shall mean the schedule for payment of interest and repayment of the
m) Repayment Schedule
principal component of the facility by the Borrower to the Lender and attached as Annexure
Hereto as amended depending upon the actual date of Disbursement and communicated by
the Lender to the Borrower, from time to time.
Details of Security:
10.
a) Primary Security First and exclusive charge by way of hypothecation in favour of HFCL on the vehicle financed
This document is digitally signed by
HFCL

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b) Other Security
11. Charges/Fees
a) Processing Fees
b) Prepayment Charges 5% of Principal Outstanding Within 6 (six) months from date of disbursement, Interest
on loan amount for 6 (six) months plus prepayment charge
c) Bounce Penalty Rs.350 per bounce
d) Re-imbursement of Valuation charges
e) Damages Rs. /- per day
f) Cheque Swap Charges NA
g) Delayed Payment Charges 3% of overdue amount
h) Default Charges
i) Stamp duty Charges 0.00

j) Re-imbursement of F.I/CPS/Form
k) Set Charges
l) Re-imbursement of Collection charges
m) Retrieval of Loan Documents Charges
n) Legal, Repossession & Incidental Charges Rs. 2500
o) Other Charges 3400.00
p) Taxes GST and all other applicable taxes statutory levies, if any will be charged additionally.
q) Classification & Upgradation of Special mention Basis of Classification:
accounts (SMA)/ Non-Performing Asset (NPA):
If Principal or interest or any other amount remain SMA Sub-Categories Principal or Interest Wholly or Partly Overdue
overdue (wholly or partly) then borrower loan
account shall reflect the asset classification SMA 0 Upto 30 days
(SMA/NPA) status of an account at the day-end of
that calendar dates. SMA-1 More than 30 days and upto 60 days
Loan accounts classified as NPAs may be upgraded
as ‘Standard’ asset only if entire arrears of interest SMA-2 More than 60 days and upto 90 days
and principal are paid by the borrower.
NPA More than 90 days
____________________________ ________________________ ____________________________

Borrower Co-Borrower Guarantor

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SCHEDULE B
DISBURSEMENT REQUEST FORM
To, Date: ____________

Hero FinCorp Limited
34, Community Centre,
Basant Lok, Vasant Vihar,
New Delhi-110057
Dear Sir,
I/We have been sanctioned a Loan of Rs. 46074 /- (Rupees Forty Six Thousand Seventy Four only) by Hero FinCorp Limited
(“Lender”). I/We wish to take the disbursement of my Loan and request you to disburse the following amount by a Demand
Draft/Cheque/Electronic transfer to the following:
Sr.No. Account Holder Account Number Bank Name & Branch IFSC Code Amount to be
Name disbursed
(In INR)
1 CHANCHALA DEVI 20440722946 STATE BANK OF SBIN00034 41300.00
INDIA , 35
SITAMARHI
BAZAR
2
I/We hereby confirm/declare that:
(a) All the representations and warranties contained in the Loan cum Agreement to Hypothecate are true and correct on the
date hereof as if each was made with respect to the facts existing on such date;
(b) No Event of Default or potential Event of Default has occurred or is continuing and further, no such event has happened
which would result in a material adverse effect;
(c) All the necessary certificates and documentation required by Lender is attached herewith or has already been made
available to Lender;
(d) The proceeds of the proposed disbursement shall be used for the purposes as stated in Loan cum Agreement to
Hypothecate;
(e) This disbursement shall be subject to credit limit fixed by Lender from time to time and we shall not protest the decision of
Lender in this regard;
(f) We agree and undertake to repay the disbursed amount of the Loan facility as per the repayment schedule and in
accordance with the Loan cum Agreement to Hypothecate and further agree and acknowledge that Lender shall be
entitled to demand immediate repayment of the disbursed amount if any installment of interest/principal installment remain
unpaid on the due date for payment thereof;
(g) This Disbursement Request Form is irrevocable.
Name Signature
Borrower CHANCHALA DEVI
Co-Borrower

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CHEQUE SUBMISSION FORM
Important Instructions:
● Cheque should be crossed as “Account Payee only”
● The cheque should be drawn in favour of “Hero FinCorp Limited” only.
● HFCL does not take responsibility for cheques left blank or drawn in favor of any name other than HERO FINCORP
LIMITED
● Please ensure that amount in words and figures are the same without any correction/alteration
● Installment/EMI cheques to be dated as per your Repayment Schedule
Customer Details:
Name of the Borrower: CHANCHALA DEVI
Application No. 53950709
LAN No. TWLNNW15275744
CHEQUE DETAILS
S.No. Cheque Date of No. of A/C Name of Account Purpose
Numbers Cheque Cheques Type Bank & No. (EMI/PEMI/SPDC)
Ranging Ranging (Savings Branch
FromTo From To /Current)
I/We declare that I/We have not given any cheques other than the ones mentioned above and all cheques are drawn in favour
of “Hero FinCorp Limited”.
Thanking you
Yours faithfully
Name of the Borrower __________________________ Signature of the Borrower ______________
Name of the Co-Borrower ________________________ Signature of the Co-Borrower ______________
Account Holder Name ________________________ Account Holder Signature __________________
Place: ______________________
Date: _________________________
Received By:
Sales representative's name & signature with date _________________________________________

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ACKNOWLEDGEMENT
I/We, Ms. CHANCHALA DEVI S/o / D/o / W/o Mr AKHILESHWAR CHAUDHARI R/o wo Sanjay kumar pandey ward no 08,
Gram jaganpatti, Dighi, - have received the copy of all the Loan Documents including Sanction Letter Loan cum Agreement to
Hypothecate dated _________________ along with its Schedules attached thereto. I/We also hereby confirm that the contents
of the copy of Loan Documents have been explained to me/us in the language understandable by me/us. I/We have
understood the meaning of all the provisions/contents of the Loan Documents and have voluntarily executed the said Loan
Documents upon understanding the contents therein.
_______________________ ________________________
Signature of the Borrower Signature of the Co-Borrower
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BY REGD. A.D./COURIER/HAND
From: Date: ____________
__________________________
To,
The Registering Authority,

Public Vehicles Department,
______________________
Re: Recording of transfer in Registration Certificate
Dear Sir,
Please note that pursuant to a Loan cum Agreement to Hypothecate dated __________ executed between _____________
and Hero FinCorp Limited (“Agreement”), Vehicle bearing Registration No.____________, Chassis No._____________,
Engine No. _______________ (“Vehicle”) registered in the name of ___________ is hypothecated with Hero FinCorp Limited,
a company incorporated under the Companies Act, 1956, a Non Banking Financial Company registered under the provisions of
Reserve Bank of India and having its registered office at 34, Community Centre, Basant Lok, Vasant Vihar, New Delhi -110057
(hereinafter referred to as “HFCL”) and a first and exclusive charge is created on the said Vehicle in favour of HFCL.
Pursuant to the terms of the Agreement, I have no objection and hereby, request you to accept & process the request for
transfer/name change of the recorded owner of the above mentioned Vehicle in the Registration Certificate of the said Vehicle
from _____________ to ______________ son of __________________ residing at __________________________ or
otherwise as may be instructed by HFCL or any other person authorised by HFCL.
Yours faithfully,
_______________________ __________________ ___________________
Signature of the Borrower Signature of the Co-Borrower Signature of the Guarantor
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
BY REGD. A.D./COURIER/HAND
Date
From:
__________________________
__________________________
To,
The Registering Authority,
Public Vehicles Department,
______________________
Re: Duplicate Registration Certificate
Dear Sir
The Motor Vehicle No ______________, Chassis No _____________and Engine No ____________ registered in my name is
hypothecated with Hero FinCorp Limited, a company incorporated under the Companies Act, 1956, a Non Banking Financial
Company registered under the provisions of Reserve Bank of India and having its registered office at 34, Community Centre,
Basant Lok, Vasant Vihar, New Delhi -110057 (hereinafter referred to as “HFCL”).
Pursuant to Loan cum Agreement to Hypothecate dated ___________ executed between _____________, _____________
and HFCL (“Agreement”), an exclusive first charge is subsisting in favour of HFCL against the dues of the said
______________.
I/We have no objection and hereby request you to issue duplicate Registration Certificate in respect of the abovementioned
vehicle at the request of HFCL or any other person authorised by them which may also be handed over to the representative of
HFCL.
Thanking you,
Yours faithfully
_______________________ ____________________ ___________________

Signature of the Borrower Signature of the Co-Borrower Signature of the Guarantor

Wed, Jul 19, 2023 23:31:02 IST
Date: 2023-07-17 14:12:58 IST
From Date
_________________________________
To,
Vasant Vihar, New Delhi-110057
Re: Loan cum Agreement to Hypothecate dated _________ (“Agreement”)

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

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

Wed, Jul 19, 2023 23:31:02 IST
Date: 2023-07-17 14:12:58 IST
To,
Sub: Loan cum Agreement to Hypothecate dated ________________ (“Agreement”)

Dear Sir,
With reference to the above mentioned subject and further after having read and understood the various terms and conditions
of the Agreement, as also of the other transaction documents related thereto. I hereby acknowledge, agree and undertake as
follows:
1. That I fully understand that the Borrower in the above agreement, as a consequence of myself becoming a Co-Borrower,
has become eligible for a loan facility offered by you and that the liability of the Borrower and myself as Co-Borrower is
joint and several at all times.
2. That I undertake being fully conscious of the fact that the asset (vehicle) given on Loan by you shall be delivered to and
be used by the Borrower herein and irrespective of this fact I agree and state that for all purposes it will be deemed &
interpreted that I have also taken delivery of the said asset (vehicle) and that I am in custody of the said asset (vehicle)
and I am using the same.
3. That I agree and undertake that all terms and conditions as is applicable to the Borrower shall in the same manner and
form, apply to me.
4. That I agree and undertake that, even if the vehicle is registered in the name of the Borrower/s, I being the Co-Borrower
shall remain jointly and severally liable to repay you all dues as per the Agreement stated above and until and unless all
the dues are received by you, this undertaking shall be valid, subsisting & continuing in nature.
5. That this undertaking of mine is irrevocable and has been issued by me after understanding all responsibilities,
obligations and terms of the Agreement.
Thanking you,
Yours faithfully
Signature of the Co-Borrower
------------------------------------------------------------------------------------------------------------------------------------------------------------------------
To,
Date:_________
Vasant Vihar,
New Delhi-110057
Dear Sir,
This is to inform you about the loan application of the following description:
Customer Name Insurance Cost Dealer Name
Ex Showroom Cost Vehicle Model Registration Cost
Loan Amount: _______________
With regards the aforesaid Vehicle, I am informed by the concerned dealer that there is a waiting period for the delivery of my
vehicle, for which reason I/We request you to disburse my loan. I/We hereby undertake and acknowledge that: -
(a) I/We understand that Hero FinCorp Limited has only financed my above-mentioned vehicle and has no role to play in
the delivery of the vehicle. I/We therefore undertake to pay all my monthly installments on time irrespective of the status
of my vehicle’s delivery as per the terms of the Loan cum Agreement to Hypothecate.

Wed, Jul 19, 2023 23:31:02 IST
Date: 2023-07-17 14:12:58 IST
(b) In case if I/We decide to change the vehicle model on account of delay in delivery or cancel my booking, I/ We shall
foreclose the loan with Hero FinCorp Limited and will pay full foreclosure charges to [%] as per the Loan cum
Agreement to Hypothecate.
(c) In case I/We make only a part payment of the margin money to the dealer, I/We would request you to send the
disbursement cheque to the Dealer wherein I/We will ensure that prior to taking delivery of the vehicle the balance
amount of margin money would be paid to the Dealer. Further I/We ensure that in case of failure to pay the balance
margin money, Hero FinCorp Limited shall be entitled to (amongst other actions) terminate/cancel the Loan Agreement
and I/We shall be liable to pay all charges as per the Loan cum Agreement to Hypothecate.
(d) Comprehensive insurance of vehicle and registration with Regional Transport Office, including registration of charge in
favour of Hero FinCorp Limited, in both cases i.e. insurance and vehicle registration, before taking delivery of the
vehicle shall be my/our sole responsibility and I/We undertake to ensure the same.
Yours Truly,
_____________________ _________________________

Wed, Jul 19, 2023 23:31:02 IST
Date: 2023-07-17 14:12:58 IST
To,
34, Community Centre,
Basant Lok, Vasant Vihar,
New Delhi-110057
Sub: Loan cum Agreement to Hypothecate dated ____________executed between ___________, ___________ and
Hero FinCorp Limited (“Agreement”)
Dear Sir,
I/We hereby place on record and admit that there has been default in the timely payment of installment(s), for the month(s) of
_______ amounting to Rs.______________, arising out of the captioned Agreement, where I/We stood as Guarantor(s) and
executed the said Agreement in your favour towards the payment of all Outstanding Amounts covered under the above
Agreement.
Pursuant to the admission & acknowledgement of such dues, I/We hereby handover peaceful possession of my/our/ vehicle(s)
bearing No(s) ________________ and authorize you to sell the above vehicle(s) at the best available market price at your
discretion and adjust the sale proceeds against your Outstanding Amounts including delayed payment and other charges.
I/We confirm that I/We will not raise any dispute whatsoever in respect of such transfer/sale and/or manner of transfer/ sale of
the vehicle(s) and the adjustment of the sales receipt thereof and I/We hereby confirm that I/we shall forthwith pay the balance
dues after adjustment (as applicable) upon your demand for the same.
Thanking you,
Yours faithfully,
_______________
Signature of the Guarantor
To,
______________________________
______________________________
Sub: Insurance Policy No. ____________________ for Vehicle ______________________ bearing Registration No.
_____________________
Dear Sir,
The above vehicle is insured with you under the above policy.
The said vehicle is in my/our possession and is subject to a Loan cum Agreement to Hypothecate with Hero FinCorp Limited
dated ___________________ .
I\We hereby irrevocably confirm that all amounts of claims that may arise in respect of the above vehicle under the above
insurance policy are payable to the said Lender i.e. Hero FinCorp Limited.
The discharge vouchers given by the said Lender would be final and binding on me/us and should be processed by you
forthwith without any need of subsequent verification or confirmation from my end.
These instructions are irrevocable as far as the above insurance policy or its renewals are concerned. You are kindly requested
to note, acknowledge and oblige the aforementioned directions for all future references. Thanking you,
Yours faithfully,
________________ _________________

Wed, Jul 19, 2023 23:31:02 IST
Date: 2023-07-17 14:12:58 IST
CONFIRMATION/DECLARATION
Date: ____________________________
From
To,

34, Community
Centre, Basant Lok,
Vasant Vihar, New
Delhi-110057
Re: Loan cum Agreement to hypothecate dated __________________ (“Agreement”)
Sub: Confirmation/Declaration of creation of hypothecation
Dear Sir,
In furtherance to the Agreement, the Asset /Vehicle (as described under Schedule I hereto) owned by me/registered in my
name stands hypothecated in favour of Hero FinCorp Limited, a company incorporated under the Companies Act, 1956
(presently operating under Companies Act, 2013), a non-banking financial company registered under the provisions of Reserve
Bank of India and having its registered office at 34, Community Centre, Basant Lok, Vasant Vihar, New Delhi -110057.
Accordingly, an exclusive first charge is created on the Assets in favour of Hero FinCorp Limited, as per terms of the
Agreement.
Confirmed by:
Borrower: ______________________
Co-Borrower: ___________________
Guarantor: _____________________
Schedule-I
Description of Vehicle
Make:
Price:
Registration No.
Engine No.
Chassis No.

Wed, Jul 19, 2023 23:31:02 IST
Date: 2023-07-17 14:12:58 IST
Amortization Tablei
Balance
Instl. No. Opening Principal Instl Amount Instl Principal Instl Interest Principal
1 46074.0 1683 509 1174 45565.0
2 45565.0 1683 1000 683 44565.0
3 44565.0 1683 1015 668 43550.0
4 43550.0 1683 1030 653 42520.0
5 42520.0 1683 1045 638 41475.0
6 41475.0 1683 1061 622 40414.0
7 40414.0 1683 1077 606 39337.0
8 39337.0 1683 1093 590 38244.0
9 38244.0 1683 1109 574 37135.0
10 37135.0 1683 1126 557 36009.0
11 36009.0 1683 1143 540 34866.0
12 34866.0 1683 1160 523 33706.0
13 33706.0 1683 1177 506 32529.0
14 32529.0 1683 1195 488 31334.0
15 31334.0 1683 1213 470 30121.0
16 30121.0 1683 1231 452 28890.0
17 28890.0 1683 1249 434 27641.0
18 27641.0 1683 1268 415 26373.0
19 26373.0 1683 1287 396 25086.0
20 25086.0 1683 1307 376 23779.0
21 23779.0 1683 1326 357 22453.0
22 22453.0 1683 1346 337 21107.0
23 21107.0 1683 1366 317 19741.0
24 19741.0 1683 1387 296 18354.0
25 18354.0 1683 1407 276 16947.0
26 16947.0 1683 1429 254 15518.0
27 15518.0 1683 1450 233 14068.0
28 14068.0 1683 1472 211 12596.0
29 12596.0 1683 1494 189 11102.0
30 11102.0 1683 1516 167 9586.0
***For loan disbursed till 15th of the month, EMI would be presented on 8th of the subsequent month. Thereafter,
for loan disbursed from the 16th of the month till 15th of next month, EMI would be presented on 8th of next-to-
next month.
***Repayment Schedule will be shared separately after Loan Disbursement.

Wed, Jul 19, 2023 23:31:02 IST
Date: 2023-07-17 14:12:58 IST
Amortization Tablei
Balance
Instl. No. Opening Principal Instl Amount Instl Principal Instl Interest Principal
31 9586.0 1683 1539 144 8047.0
32 8047.0 1683 1562 121 6485.0
33 6485.0 1683 1585 98 4900.0
34 4900.0 1683 1609 74 3291.0
35 3291.0 1683 1633 50 1658.0
36 1658.0 1683 1658 25 0.0
***For loan disbursed till 15th of the month, EMI would be presented on 8th of the subsequent month. Thereafter,
for loan disbursed from the 16th of the month till 15th of next month, EMI would be presented on 8th of next-to-
next month.
***Repayment Schedule will be shared separately after Loan Disbursement.

Wed, Jul 19, 2023 23:31:02 IST
Date: 2023-07-17 14:12:58 IST

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HERO FINCORP LIMITED

TWO WHEELER LOAN KIT

BORROWER’S NAME: CHANCHALA DEVI

This document is digitally signed

SAJIN PURUSHOTHAMAN MANGALATHU

HerofinCorp CAS ID TWLNNW15275744

MANUAL DIKSHA A0510952

TM Name Rakesh Kumar TM Code 14460 Loan Account

NPDC PLUS PAN Card

Education Class 12th Father/Husband Mr AKHILESHWAR Mother's Name Kumari Bindu

This document is digitallyBIHAR

City/Village SITAMARHI State BIHAR Pin Code 843322

Income Annual Rs. 180000

MICR Code 843002002 Account No 20440722946 Month

Guarantor Salutation Name

Guarantor Salutation Name

Name RAJNISH KUMAR Gender Male Relation Friend

Proposed Loan Details

This document is digitally signed

SAJIN PURUSHOTHAMAN MANGALATHU

ID Proof (Any of Voter Identity Card

This document is digitally signed

SAJIN PURUSHOTHAMAN MANGALATHU

Signature Signature Signature Signature

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

Address of the witness Signature Of Witness in English language:

(to be written in Witness’s handwriting)

This document is digitally signed

SAJIN PURUSHOTHAMAN MANGALATHU

Applican't Name : __________________

Signature of the Relationship Manager: ___________

This document is digitally signed

SAJIN PURUSHOTHAMAN MANGALATHU

Reference: 53950709 Date:

For Hero FinCorp Limited

This document is digitally signed

SAJIN PURUSHOTHAMAN MANGALATHU

Ref No.: 53950709 Date: July 17,2023

Subject: Your Loan Application Form dated July 17,2023 (“Application”)

Dear Sir/ Madam,

SAJIN PURUSHOTHAMAN MANGALATHU

GENERAL TERMS AND CONDITIONS

SAJIN PURUSHOTHAMAN MANGALATHU

This document is digitally signed

SAJIN PURUSHOTHAMAN MANGALATHU

This document is digitally signed

SAJIN PURUSHOTHAMAN MANGALATHU

SAJIN PURUSHOTHAMAN MANGALATHU

SAJIN PURUSHOTHAMAN MANGALATHU

SAJIN PURUSHOTHAMAN MANGALATHU

SAJIN PURUSHOTHAMAN MANGALATHU

SAJIN PURUSHOTHAMAN MANGALATHU

SAJIN PURUSHOTHAMAN MANGALATHU

SAJIN PURUSHOTHAMAN MANGALATHU

SAJIN PURUSHOTHAMAN MANGALATHU

Signature ______________ ___________________ __________________

For Hero FinCorp Limited

SAJIN PURUSHOTHAMAN MANGALATHU

This document is digitally signed

SAJIN PURUSHOTHAMAN MANGALATHU

1. Place of Agreement New Delhi

d) Constitution: □Individual □Proprietorship Firm □ Partnership Firm □ Company □ LLP

b) Sanction Letter date with reference No.

g) Interest Type (Tick whichever is applicable) □Floating □Fixed □Semi Fixed

Signature ____ _ __________

Name of the Borrower ____________ Signature of the Borrower

Name of the Co-Borrower __________ Signature of the Co-Borrower

Account Holder Name ______ Account Holder Signature

_____ _