WELCOME LETTER

To Date 09-FEB-2023

Agmt No. UP3043TW0038268

Cell 7571079751

MOHAMMAD AARIF
S/O ILIYAS
BALAIPUR MITTUPUR
AZAMGARH
NEAR MAIN ROAD MITTUPUR UTTAR PRADESH-276001
CUSTOMER_NO :0010380791

Welcome to Tvs Credit Service Limited.

We sincerely thank you for partnering with us and giving us an opportunity satisfy for financing needs.
Attachment herewith are some important details with regards to your loan that you will find useful as annexure to the second schedule of the
aggrement and as explained to you earlier in local language.
Also, we confirm that we have collected necessary documents,for loan sanction & disbursals, as mentioned in the attachment

Terms and conditions:

• If you are a cash repayment mode customer, ensure that you remit the dues on or before the due date and collect acknowledgement.
• If you are a PDC / ECS / ADM repayment mode customer, ensure that your bank account is adequately funded to avoid levy of additional
charge for nonreceipt of payment (s).
• We do not collect Original Registration Certificate. Please ensure that you collect the original RC from show-room where you purchased the
vehicle and a photo-copy is handed over to the TVS Credit Services Limited respresentative
• In case of repossession of the asset, you will have to pay tow-away charges, godown charges, rentals and other expenses incurred by the
company for eff ecting repossession of the asset.
• Company will send the pre-seizure intimation letter to you as per the terms and conditions mentioned in loan agreement (Intimation letter may
be treated / considered with the default
intimation (or) 138 notice intimation on cheque bounce).
• Company will send the pre-sale intimation letter to you as per the terms and conditins mentioned in loan agreement to settle the dues before
disposing of the asset.
• Company will dispose the asset either through online bidding / physical presence of the buyer. However company will sell / consider the higher
price only.
• Ensure that your Asset is adequately insured at any point of time to protect you from theft / damage / any claims arising from usage of the
Asset. The company is not responsible for any loss of life / damage to the Asset.

Schedule of charges applicable:

Details Charges Details Charges

Bouncing charges per instance Maximum of Rs.450/- per instance Stamp Duty As per state laws

3% pm on the unpaid EMI, will be charged

Late repayment charges on delayed days from the Duplicate Repayment Schedule Rs. 500/-
due date

Duplicate No-due certificate / No Objection

Cheque Swapping Charges Rs. 500/- per swap Rs. 500/-
Certificate

Rs.75/- per visit (Applicable when collection

Legal, re-possession and Incidental Charges At Actuals. Visit charges
executive visit customer place for collection)

Statement of account Rs. 500/- Loan Reschedulement charges 3%

a) Remaining Loan Tenor is <12 months : 3%

on principal outstanding
b) Remaining Loan Tenor is from 12 to 24
Change in repayment frequency Rs. 1000/- for each instance Prepayment charges
months : 4% on principal outstanding
c) Remaining Loan Tenor is >24 months : m
5% on principal outstanding

We value your relationship with us and believe that your becoming a part of the TVS family would be a truly rewarding one.
If you require any further details on your loan account, Please feel free to contact us through toll free number 1800 103 5005 / mail to [email protected] Our customer service
representative will assist you for any help. You may also log in to our website www.tvscredit.com to view your latest Statement of Account and other related information.

Please quote your loan agreement number as mentioned above for future correspondence.

Thanking you,

With warm regards,

For TVS Credit Services Limited

This letter is computer generated and does not require any signature
Event of Default:
a) Failing to pay EMI or insurance premiums on the due dates.
b) Misrepresents facts or fails to produce documents
c) Dies becomes insolvent or wound up or any criminal proceedings initiated
d) Creates any encumbrance on the asset or uses the asset for illegal activities
e) Any other acts which jeopardizes the interest of the company
f) Any other acts which jeoparizes the interest of the company
Alteration and Rescheduling of the Installments:
a) If the entire loan amount is not drawn by the Borrower within 60 days from the data of first disbursement
b) By request from the customer
c) Rate of Interest shall be as per the RBI guidelines as on the date of rescheduling

Repossession:
a) When the borrower fails to pay any amount or any amount becoming due or if an event of default occurs.
b) After repossession of the assets and after giving notice to the borrower, if the borrower fails to pay the total outstanding amount, interest and
expenses, the company shall have the right to sell or dispose of the Asset as per law.
c) The borrower shall be liable to pay all expenses for the repossession of the asset.

Termination:
The agreements shall be terminated only on repayment of the entire loan, interest and all other charges or on termination of the agreement by
the company on events of default.

Company’s Rights:
a) Repossess the asset in event of default
b) Right to sell or dispose or transfer of the asset in the event of default
c) Initiate criminal action for cheque bounce and ECS bounce
d) Initiate Arbitration and other proceedings for the recovery of the outstanding amount, interest and other expenses
e) Disclose all or any default if committed by the borrower to CIBIL or any other agency so authorised by law.
 TVS CREDIT SERVICES LIMITED

Customer Name MOHAMMAD AARIF Proposal No 3043TW0047218

Father Name Agreement No UP3043TW0038268

Asset Model VICTOR 110CC DISC Customer No 0010380791

Applicable Charges:

Amount financed 59092 No of installments 25

Customer IRR (Fixed) 28.54 First installment date 2018-11-07 00:00:00.0

Finance Charged 9840 Last Installment date 2020-11-07 00:00:00.0

Processing Charges
2350 Payment Cycle 07
(Not refundable)

Applicable Charges:

Application form Proof of Identify YES

Loan Agreement YES Proof of Residence YES

Original DP receipt YES Proof of Signature YES

Security PDC (applicable

Repayment Mode ADM NO
if repayment mode as ECS)

Repayment Schedule
EMI Principle Interest Balance Insurance Monthly Due
Sl.No Due Date (Rs.) (Rs.) (Rs.) Principle (Rs.) (Rs.) Remark

1 07-NOV-18 3245 2457 788 56635 0 3245

2 07-DEC-18 3245 2489 756 54146 0 3245

3 07-JAN-19 3245 2523 722 51623 0 3245

4 07-FEB-19 3245 2556 689 49067 0 3245

5 07-MAR-19 3245 2590 655 46477 0 3245

6 07-APR-19 3245 2625 620 43852 0 3245

7 07-MAY-19 3245 2660 585 41192 0 3245

8 07-JUN-19 3245 2695 550 38497 0 3245

9 07-JUL-19 3245 2731 514 35766 0 3245

10 07-AUG-19 3245 2768 477 32998 0 3245

11 07-SEP-19 3245 2805 440 30193 0 3245

12 07-OCT-19 3245 2842 403 27351 0 3245

13 07-NOV-19 3245 2880 365 24471 0 3245

14 07-DEC-19 3245 2919 326 21552 0 3245

 EMI Principle Interest Balance Insurance Monthly Due
Sl.No Due Date (Rs.) (Rs.) (Rs.) Principle (Rs.) (Rs.) Remark

15 07-JAN-20 3245 2957 288 18595 0 3245

16 07-FEB-20 3245 2997 248 15598 0 3245

17 07-MAR-20 0 -208.06 208.06 15806.06 0 0

18 07-APR-20 0 -210.84 210.84 16016.9 0 0

19 07-MAY-20 0 -213.65 213.65 16230.55 0 0

20 07-JUN-20 3245 3028.5 216.5 13202.05 0 3245

21 07-JUL-20 3245 3068.9 176.1 10133.15 0 3245

22 07-AUG-20 787 651.83 135.17 9481.32 0 787

23 07-SEP-20 3245 3118.53 126.47 6362.79 0 3245

24 07-OCT-20 3245 3160.13 84.87 3202.66 0 3245

25 07-NOV-20 3245 3202.66 42.34 0 0 3245