Loan Application Number : 400415852364

Date : 14 December, 2023

Personal Loan Agreement

Loan Details

Total Loan Amount EMI Amount Tenure Net Disbursal Amount Fixed ROI % (monthly reducing)

165640.00 5219.00 48 Months 164000.00 22.00 %

Standard Deduction

(-) Processing Fee

1389.90
(-) GST
250.18

Customer Identifiers

Aadhaar Number Driving License PAN Number

XXXXXXXX5928 NA KIJPS5346Q
Passport Voter ID

NA NA

Customer Details

Name Date of Birth Mobile Number

SUTHAR JAYMIN 24 May 2000 7600796172

POPATBHAI
Gender PAN

Male KIJPS5346Q
My personal email address is

[email protected]
Residence Address Bank Account Details

58 Prabhu Park Society Jagatpur Chenpur Bank Name : BANK OF INDIA,

Gam Ahmedabad GST Road Ac. No. : 206510110002605,
AHMEDABAD, GUJARAT 382470 - MICR Code: 380013080,
Property Status: Owned IFSC Code: BKID0002065

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
registered mobile number 7600796172 from IP Address 13.127.212.138
 Additional Details

Are you a director of IDFC FIRST Bank? No

Are you a relative to Director of IDFC FIRST Bank? No

Are you a director of any other Bank? No

Are you a relative to Director of any other Bank? No

Are you a Senior Officer of IDFC FIRST Bank? No

Are you a relative to Senior Officer of IDFC FIRST Bank? No

Are you a Politically Exposed Person? No

Declaration

01. I/We wish to avail the banking facilities/products from IDFC FIRST Bank Limited ("IDFC FIRST Bank"), and have read, understood and
agree to the Terms and Conditions displayed on the website of IDFC FIRST Bank i.e. www.idfcbank.com, which may be amended by IDFC
FIRST Bank from time to time and hosted and notified on the website of IDFC FIRST Bank.
02. I/We declare that all the particulars and information given in the Application Form are true, correct, complete and up-to-date in all
respects and have not withheld any information whatsoever.
03. I/We confirm that no suit for recovery of outstanding dues or monies whatsoever and/or criminal proceedings have been initiated and/or
pending against the Applicant(s) nor any action or any steps have been taken or legal proceedings started by or against the Applicant(s) in any
court of law/other authorities for winding up, dissolution, administration or re-organisation or for the appointment of a receiver, administrator,
administrative receiver, trustee or similar officer or for Applicant(s)' assets.
04. I/We declare that I/We have not made any payment in cash, bearer, cheque or kind along with or in connection with this Application
except for the application fees mentioned for or Processing fees or any other fees prescribed in the Application Form to the executive
collecting my/our application/and I/We/Applicant(s) shall not hold the Bank liable for any such payment made by us to the executive
collecting this application.
05. I/We further declare and confirm that the credit facilities if any enjoyed by the Applicant(s) with other banks/financial institutions/non
banking finance companies has been disclosed hereinabove.
06. I / We agree that the Bank may at its discretion conduct discreet inquiries in respect of this application. I / We undertake to inform as to
any change in my / our occupation / employment, residential address and to provide any further information that the Bank may require. Bank
will be at liberty to take such action as it may deem necessary if my / our above statements are found to be untrue.
07. I/We understand and confirm that the Application Form and all other documents submitted by me/us to the Bank shall not be returned to
me/us and the Bank shall have the right to retain the same.
08. I/We are aware that submission of loan application to the Bank does not imply automatic approval of the Bank and that the Bank will
decide the quantum of the loan at its sole and absolute discretion, the Bank in its sole and absolute discretion may either sanction or reject the
application for granting the loan. In the case of loan cancellation, the applicable pro-rate interest charges on any outstanding loan amount will
have to be borne by me/us.
09. I/We understand that Processing fees, stamp duty are non-refundable charges and would not be waived/refundable in case of loan
cancellation or where the loan has not been disbursed.
10. I/We have read the application form and brochures and are agreeable to all the terms/conditions of availing finance from the Bank. I/We
undertake to inform the Bank/its Group Companies/its Agents regarding the change in Applicant(s)' addresses and to provide any further
information that the Bank/its Group Companies/its Agents may require.
11. I/We agree that the Bank may provide the credit facilities mentioned herein only if permitted and if approved in the manner specified or
required by the Reserve Bank of India from time to time

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
registered mobile number 7600796172 from IP Address 13.127.212.138
 12. I/We have read, understood and agree to the charges/costs, mentioned in the extant Schedule of Charges. This Schedule of Charges is also
displayed on www.idfcbank.com.
13. I/We confirm that I/we shall not use the credit facility (or any part thereof) for any improper, illegal or unlawful
purpose/activities/speculative or antisocial purpose. I/We have been read out and explained in the language known to me/us, the contents of
the Application Form for availing the loan from the Bank and I/we have signed the said Application Form after having understood them and
by signing the same.
14. I/We hereby confirm that I/we am/are competent and fully authorised to give declaration, undertakings etc. and to execute and submit this
Application Form and all other documents on behalf of the Applicant(s) for the purpose of availing loan, creation of security and representing
generally for all the purposes mentioned/required to be done for these presents.
15. I/We hereby agree to abide by and be bound by all applicable rules/regulations/instruction/guidelines including but not limited to those
issued by the Reserve Bank of India, including the FEMA Regulations 2000 Governing EEFC Accounts, the Foreign Exchange Management
Act, 1999 and Foreign Account Tax Compliance Act, 2010 (to the extent applicable to India) and the Common Reporting Standards (CRS), in
force from time to time.
16. I/We confirm having declared our status as per the rules applicable under section 285BA of the Income Tax Act, 1961 (the Act) as
notified by Central Board of Direct Taxes (CBDT) in this regard.
17. I/We confirm that except to the extent disclosed to the Bank, no director or a relative (as specified by RBI) of a director of a banking
company (as specified by RBI) or a relative of a senior officer of the Bank (as specified by RBI) is - the applicant(s), or a partner, managing
agent, manager, employee, director of our concern, or of our subsidiary or our holding company, or a guarantor on my/our behalf, or holds
substantial interest in our concern or my/our subsidiary or holding company.
18. I / We am / are aware that if I / We opt for loan at reducing rates of interest, the Equated Monthly Instalment will comprise Principal and
Interest based on IDFC First Bank's advance rate which is subject to change from time to time.
19. "I/We hereby submit voluntarily at my/our own discretion, the physical copy of Aadhaar card/physical e-Aadhaar / masked Aadhaar /
offline electronic Aadhaar xml as issued by UIDAI (Aadhaar), to IDFC FIRST Bank for the purpose of establishing my/our identity / address
proof and voluntarily give my/our consent in connection with me availing the Financial Facility from IDFC and processing instructions for
the said purpose and hereby give consent to IDFC for verification of my Aadhaar to establish its genuineness through any such acceptable
manner stipulated by UIDAI or under any Act or law from time to time. I/We have also been explained that submission of this document is
not mandatory. I/we have the option to submit any one of the documents as per the list of Officially Valid Documents (updated by the RBI
from time to time)The consent and purpose of collecting Aadhaar has been explained to me/us in local language. IDFC has informed me/us
that I am/We are required to redact/ blacken out the first eight digits of Aadhaar number so that only last four digits of the Aadhaar number
are visible; and in case I/We do not redact/blacken out the first eight digits of Aadhaar number, I/We authorized IDFC FIRST Bank to
redact/blacken out the Aadhaar number through appropriate means on my/our behalf". IDFC has also informed me that this consent and my
Aadhar will be stored with IDFC
20. I/We, hereby, declare the address mentioned as my current residence address. I/We also confirm, in the event of change in address due to
relocation or any other reason, I/We would intimate the new address to the Bank immediately.
21. I/We undertake and declare that if there are any changes in the particulars and information given by me/us while availing the Loan
facility, I/We shall within 30 days from the date of any such change in the particulars and information shall disclose the details of such
changes to the Bank without withholding the same.

Important Information

Loan Amount: As sanction and determined by credit appraisal process of the bank.
Processing Fees: As indicated in sanction letter
Rate of Interest: Rate of interest is determined by credit appraisal process of the bank.
Charges: Applicable charges as per the schedule of charges valid at the time of loan approval. These are available in Sanction letter
The risk gradation is based on inter alia the quantum and tenure of loan, the security offered by the customers, cost of funds and the credit
profile.
Loan agreement number will be generated post disbursal and will be available on statement of account.

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
registered mobile number 7600796172 from IP Address 13.127.212.138
 Authorization cum Undertaking

01. I/We hereby authorize the Bank, without any notice to me to conduct credit checks, references, make enquiries, in its sole discretion and
also authorize the Bank and its agents to share and obtain information, records from any agencies, statutory bodies, credit bureau, bank,
financial institutions, or any third party in respect of the application, as it may consider necessary the Bank shall not be liable for use/ sharing
of the information.
02. I/We authorize the bank and/ or its representatives, agents to communicate/ call/ SMS to me/ us with respect to this Application or any
other promotional activities. I/we would like to know as well avail the benefits of various the Bank loan offer schemes or loan promotional
activities or any other promotional schemes and hereby authorize the Bank, its employees, agents, representatives and associates to do so. I
confirm that laws in relation to the unsolicited communication referred in “national Do Not Call Registry” as laid down by Telecom
Regulatory of India will not be applicable for such communications/ calls/ SMSs received from the Bank, its representatives, agents. The
Bank reserves the right to retain the photograph and documents submitted with the Application and shall not returned back.
03. I/We authorize the Bank to finance me/us for the premium of any third-party product available with the Bank, taken by me/us as per
my/our own wish from the said third-party of my/our choice under the Loan and all the terms and conditions shall be additionally applicable
thereto. All expenses, charges, fees, taxes etc., as applicable on any such third-party product shall be incurred and paid by me/us, however, in
case I/we has availed such product, then Bank will not be responsible for any cancellations of any third-party product and or after sales
service.
04. I/We hereby authorize the bank to pay the fee and other amounts as may be payable directly to the institution concerned.
05. I/We undertake to submit the receipt for all the disbursements made from the loan account.
06. I /We will procure and furnish the securities in favour of bank as and when stipulated and in the form and manner to the satisfaction of the
bank.
07. I/we authorize the Bank to submit application/other relevant documents submitted by me to CERSAI. I/we hereby provide my consent to
receive information from Central KYC Registry or from UIDAI through SMS/mail on the above registered number/email address.
08. I/We authorize IDFC FIRST Bank to exchange, share or part with all the information provided herein with financial
institutions/agencies/statutory bodies/ other such persons, as may be required by IDFC FIRST Bank. I/We shall not hold IDFC FIRST Bank
or its agents/representatives liable for using/sharing such information.
09. I/We explicitly consent and authorize IDFC FIRST Bank Limited, it's associate companies, agents, agencies, partners, educational
institutions, credit reporting agencies and any other entity to verify any information such as enrolment verification, residence verification,
employment verification, telephone verification, Credit Bureau check, document verification, reference checks etc., and also exchange, share,
part with all information related to transaction history as may be required by law, customary practice, credit reporting, statistical analysis and
credit scoring for verification or risk management and shall not hold IDFC FIRST Bank Limited liable for use or disclosure of this
information.
10. I hereby consent to receive information about my loans and offers on WhatsApp on my registered number.
11. I recognize my responsibility to ensure timely repayments of the emi's at all point in time of the tenor of the loan.
12. I would honor the SI at all times.
13. In the event of issuing fresh repayment instrument, I will continue to honor contractual obligations till loan closure.
14. I recognize that the bank has all rights to proceed with all legal measures if the SI is dishonoured for whatsoever reasons, including
encashing / presenting the SI for the full balance value of the loan.

Sanction Letter & Key Fact Statement

Date:14,December 2023
Name and Address of the Borrower
SUTHAR JAYMIN POPATBHAI
58 Prabhu Park Society Jagatpur Chenpur Gam Ahmedabad GST Road AHMEDABAD, GUJARAT 382470 - Property Status: Owned

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
registered mobile number 7600796172 from IP Address 13.127.212.138
 Reference application dated,14,December 2023 to IDFC FIRST Bank Ltd, a Company incorporated under the Companies Act, 1956, having
its registered office at KRM Tower, 7th Floor, No. 1, Harrington Road, Chetpet, Chennai – 600031 referred to “the bank” which shall include
its successors in interest or assigns for sanction of a personal loan.

Dear SUTHAR JAYMIN POPATBHAI

Thank you for choosing us as your financial service partner. It gives us great pleasure to welcome you as a member of the bank family.
Pursuant to your application, the bank is pleased to sanction you a Loan subject to the following terms and conditions.

Key Fact statement:

Loan Amount (in INR) 165640.00

Fixed ROI % (monthly reducing) 22.00%
Product FIRST Money - Personal Loan
Tenure (in months) 48 months
EMI Amount (in INR) 5219.00
EMI due day 3th
Mode of Payment Auto Debit
Upfront Processing Fee (in INR) 1389.90
SGST (in INR) 125.09
CGST (in INR) 125.09

EMI due date

Disbursal date 1st EMI Presentation date

On or before 18th of the month 3rd/4th/5th/6th/7th/8th of next month of disbursal

After 18th of the month 3rd/4th/5th/6th/7th/8th of next to next month of disbursal

Example:
1. If loan is disbursed on 15th March (before 18th of the month), 1st EMI shall be presented on 3rd/4th/5th/6th/7th/8th April
2. If loan is disbursed on 25th March (after 18th of the month), 1st EMI shall be presented on 3rd/4th/5th/6th/7th/8th May

Pre-EMI amount will be applicable if disbursal is after 18th of the month. Pre-EMI amount is computed daily on pro-rata basis till the
commencement of the 1st EMI. Pre-EMI, if applicable will be spread across the loan tenure and will be added to actual EMI, thus the actual
EMI charged will be slightly higher. In case of pre-term foreclosure, remaining Pre-EMI, calculated on pro-rata basis will be added to
principal outstanding.
Please note that one time processing fees and such other deduction including but not limited to deductions as applicable and appropriate
towards previous outstanding & other dues of existing loan, if any as applicable, which are closed pursuant to this personal loan will be
deducted upfront the Loan Amount

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
registered mobile number 7600796172 from IP Address 13.127.212.138
 As per the Agreement, the Borrower’s outstanding balance shall be payable by the Borrower to the bank on demand. the bank may at any
time, as its sole discretion, and without assigning any reason, recall the said Loan or call upon the Borrower to pay the Outstanding Balance
without any delay, demur or protest.
We assure you of our best services at all times.
I/We understand and confirm that the section of the Personal Loan shall be at the sole discretion of the bank. I/We understand that upon
acceptance of this sanction letter and consequent disbursement of the loan amount by the bank. I/We shall be bound by the Agreement.
Name of the Borrower : SUTHAR JAYMIN POPATBHAI
*Any changes to the schedule of charges/terms of Agreement pursuant to changes in applicable laws/rules/regulations/market forces will be
available with any outlet of the bank. The above information is applicable only in case of successful loan disbursal.

Charges

EMI Bounce charges per presentation 400 Exclusive of GST

Late payment/Penal charges/ Overdue interest (per 2% per month (Exclusive of GST) of the unpaid EMI or Rs 300
month) (Exclusive of GST) whichever is higher

Cheque Swap charges (per swap) 500 Exclusive of GST

Cancellation/Rebooking charges NA

Processing fees Up to 1.5% of the total loan amount (Inclusive of GST)

Foreclosure / Prepayment charges Nil

Part Payment charges Part Payment is not allowed

Duplicate No Objection Certificate Issuance Charges 500 Exclusive of GST

Physical Repayment Schedule 500 Exclusive of GST

Physical Statement of Account 500 Exclusive of GST

Document retrieval charges (per retrieval) 500 Exclusive of GST

Stamping Charges As per actuals

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
registered mobile number 7600796172 from IP Address 13.127.212.138
 EMI Pick up/ Collection Charges 350 Exclusive of GST

Visit following link to view list of authorized vendors:

Details of Lending Service Provider (LSP) acting as https://www.idfcfirstbank.com/content/dam/idfcfirstbank/footer/agencies-
recovery agent and authorized to approach the borrower list.pdf

Details of allocated agent will be communicated to you via

SMS/email at the time of collection.
Visit following link to view details of nodal grievance redressal
Name, designation, address and phone number of Nodal officer:
grievance redressal officer Raise Your Issue With Our Regional Nodal Officer | IDFC FIRST Bank

Note:

a) Taxes as applicable by the Government from time to time.

b) All loans booked under this product type will be reported to the credit bureau at a consolidated level having the customer
relationship number (CRN) as the identifier.
c) IDFC FIRST Bank Ltd does not accept any payment either in cash or kind along with or in connection with its products at the
time of applying for loan. Charges pertaining to Processing fees and those prescribed in the aforementioned Schedule of Charges
are be liable for payment (if any) made in cash or kind nor shall also be held responsible for payment (if any) made to any third
party.”

APR: Annual Percentage Rate - Effective annualized interest rate (in percentage) (computed on net disbursed amount using IRR
approach and reducing method). Details for the same will be shared with the welcome kit.

Cooling–off period: The Borrower can within the cooling-off/look-up period exits the loan by paying the principal and the
proportionate APR without any penalty - Loan can be cancelled within cooling off period of 3 days with a payment of
proportionate APR/ROI.

APR, Total interest charge during the entire tenor of loan, Total amount to be paid by borrower will be shared with customer post
disbursal with the Welcome Kit.

Terms and Conditions Applicable to Personal Loan

The person(s) named in the Schedule hereto (hereinafter referred to as the "Schedule") being borrowers, hereinafter collectively referred to as
"Borrower" which expression shall, unless it be repugnant to the context or meaning thereof be deemed to mean and include his/her heirs,
administrators and executors.
In favor of:
IDFC FIRST Bank Ltd, a Company incorporated under the Companies Act, 2013 and a banking company within the meaning of the Banking
Regulation Act, 1949 having its registered office at IDFC FIRST Bank Ltd address KRM Tower, 7th Floor, No.1, Harrington Road, Chetpet,
Chennai - 600031 and a branch office in India at the address mentioned in the Schedule, hereinafter referred to as "The Bank" (which
expression shall, unless repugnant to the context or meaning thereof, shall be deemed to mean and include its successors, transferees and
assigns). In case of there being more than one Borrowers, the reference to the term "Borrower" shall be deemed to be as if it were plural and
this document shall be read accordingly as if made and liabilities undertaken by each of them jointly and severally. Reference to the
masculine gender includes reference to the feminine and neuter genders and vice versa.

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
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 The Borrower hereby irrevocable and unconditionally agree to abide by the following terms and conditions: -

1. Pursuant to the application made by the Borrower in the Loan Application Form ("Application"), the Bank has sanctioned the loan
not exceeding the amount mentioned in the Schedule hereto(hereinafter referred to as "Loan"), and the Borrower agrees to borrower
the same, subject to and upon the terms and conditions contained in the Application and/or this document. The Bank may disburse
the Loan or any part thereof ("Disbursement") at its own discretion. Notwithstanding anything contained herein (i) The borrower is
aware that if disbursement / further drawdown is not accepted or not enchased by the borrower/previous financier within the period of
90 days then Bank shall be entitled to the following:- a)The Bank shall have the right to recall the credit facility or stop further
drawdown/disbursement. b) The BT Cheque or DD issued in the name of previous financier/Borrower shall be cancelled .c) The
undrawn/ uncashed amount by the borrower/previous financier shall be adjusted towards Principal outstanding as part prepayment of
the loan amount, by giving effect to the EMI in the Loan and keeping the loan tenor constant. d)Part payment charges won't be levied
on aforementioned adjusted amount. e)Revised loan repayment schedule shall be assigned to the borrower. f) Borrower won't be
entitled for refund of any processing fees, service charge and /or other charges/fees/costs(if any). All these charges (if applicable)
would be payable to the Bank whether or not the Credit facility has been drawn by the borrower. (ii)The borrower is aware that BT
Cheque OR DD will be reissued within the span of 90 days of disbursement only if the said Cheque or DD is mutilated or has
spelling error or for any reason is not acceptable by the previous financier shall be adjusted towards Principal outstanding as part
prepayment of the loan amount, by giving effect to the EMI in the Loan and keeping the loan tenor constant. d)Part payment charges
won't be levied on aforementioned adjusted amount. e)Revised loan repayment schedule shall be assigned to the borrower. f)
Borrower won't be entitled for refund of any processing fees, service charge and /or other charges/fees/costs(if any). All these charges
(if applicable) would be payable to the Bank whether or not the Credit facility has been drawn by the borrower. (ii)The borrower is
aware that BT Cheque OR DD will be reissued within the span of 90 days of disbursement only if the said Cheque or DD is mutilated
or has spelling error or for any reason is not acceptable by the previous financier(iii) The Bank may not disburse at any time, any
amount under the Loan unless the following conditions are complied with in the sole discretion of the Bank: (i) This Agreement is
duly executed and delivered to the Bank by the Borrower; ii) The Borrower's submission to the satisfaction of the Bank of a
certificate of employment from his employer and his financial statements; iii) The Borrower's submission to the Bank, post-dated
cheques towards repayment instalments; and iv) Any other document or writing as the Bank may require in its sole discretion. v) The
Borrower(s) having furnished such Security as may be required by the Bank, as more specifically detailed in the annexure, in a form
and manner satisfactory to the Bank.
2. The Loan, interest, additional interest, default interest any other charges, dues and monies payable, costs and expenses reimbursable
as outstanding from time to time and whether any of them due or not, are hereinafter collectively referred to as "Outstanding
Balance". The Borrower shall pay interest on the Loan, the unpaid due interest and all other outstanding charges and monies (except
the default interest), at the rate of interest specified in the Schedule hereto, on the outstanding daily balance from the date of
disbursement, compoundable at monthly rests. The Bank in its sole discretion would be entitled to change the said rate interest from
time to time including on account of changes made by the Reserve Bank of India, which would be intimated to the Borrower(s) and
would be binding upon the Borrower(s). The Borrower shall also pay and bear all interest tax, if any, as applicable from time to time.
The Borrower (s ) shall repay the Loan and pay the interest that is due from time to time by way of equated monthly instalments
(EMIs) as specified or as may be specified by the Bank from time to time(time being the essence of the contract). The Borrower has
perused, understood and agreed to the Bank's method of calculating EMI's as also the appropriation thereof into principal and interest.
The payment of all the monies by the Borrower including EMI's shall be made on or before the respective due dates, at such place as
the Bank may require, without any set-off or counterclaim or withholding or deduction(save as required by law in which case the
amount payable by the Borrower to the Bank shall be increase to the amount which after making such deduction or withholding
equals the original due amount as if no withholding or deduction were required), by way of one or more modes and instruments
including post-dated cheques "PDCs"), Standing Instructions(SI)/Electronic Clearing System(ECS) instructions/other
mode/instrument, as acceptable to the Bank from time to time. If any due date fall on a non-business day of the Bank, the payment
shall be made by the Borrower on the immediate preceding business day of the Bank. In case of cheques/other instrument, the
payment shall be deemed to have been made by the Borrower only at the point of time the sum is credited and realized fully in the
Bank's account irrespective of the date of instrument or time of receipt or presentation of instrument. In case of any default, the
Borrower shall without prejudice to the Bank's right and remedies, pay additional/default interest at the rate mentioned in the

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
registered mobile number 7600796172 from IP Address 13.127.212.138
 Schedule hereto/Application or as may be prescribed by the Bank., over and above the then applicable rate of interest till full payment
is made/default is cured. This liability shall not act as justification for any default.
3. The Borrower(s) shall pay to the bank, the charges, fees, commissions, etc., specified on the Schedule hereto/Application or as
specified by the bank from time to time, within such time or upon occurrence of such events as specified and if not specified then
forthwith upon demanded by the bank. All other present and future costs and expenses, taxes9 as applicable from time to time), any
related levy, stamp duty, in all jurisdictions, in relation to this/other documents/any transaction pursuant thereto, irrespective of who
the beneficiary is, shall be borne and payable solely by the Borrower, including for creation, enforcement, preservation of security,
recovery, initiation/defending/pursuing any legal proceedings/ action by the bank. In case of any such sums if paid or incurred by the
bank, the Borrower shall be liable to reimburse the same to the Bank in full forthwith.
4. Any Payments made by/on behalf/for the Borrower or any realisations in relation to the Loan, security, shall be appropriated towards
the Outstanding Balance and /or Liabilities (as defined hereinafter) in the following order: (a) Firstly, towards costs and expenses
incurred by the bank; (b) Secondly, towards any charges, commissions, fees, taxes, levies (wherever applicable); (c) Thirdly, towards
additional/default interest; (d) Fourthly, towards interest; (e) Fifthly, towards principal amount(s). Any statement of account
furnished by the bank shall be accepted by and be binding on the Borrower(s) and shall be conclusive proof of the correctness of the
amounts mentioned therein except for any manifest error therein.
5. The Borrower who are liable to deduct the TDS, must pay TDS as per applicable rate for the interest and fees being paid to the bank.
Borrower must deposit the TDS amount so due into the government account within the due date prescribed. Once returns are filed,
borrower must submit request letter along with TDS certificates in Form 16A generated from the income tax website to the bank.
Original TDS certificate should be submitted for claiming the refund.
6. The Borrower confirms that the Goods and Service Tax Identification Number (GSTIN) (if applicable) provided in the application
form/ declaration is true and correct. The Borrower agrees and undertakes that the applicable tax rate will be determined using the
information provided by the Borrower and the input tax credit (ITC) will be available to the Borrower (if applicable) based on the
GSTIN and the related information/details provided by the Borrower in the application form/ declaration. The Borrower further
agrees and undertakes that the Borrower shall not hold the Bank Limited liable for any loss of ITC arising due to incomplete,
erroneous or wrong details pertaining to GST provided by the Borrower in the application form/ declaration. The Borrower also
further agrees and undertakes that if the Borrower fails to furnish GSTIN, then the Borrower shall be treated as unregistered for Gods
and Service Tax (GST) purpose and no credit of GST will be provided to the to the Borrower.
7. Notwithstanding anything stated in any document, the continuation of the Loan shall be at sole an absolute discretion of the bank and
the bank at any time in its sole discretion and without assigning any reason call upon the Borrower to pay the Outstanding Balance
and upon such demand by the bank, the Borrower shall, within 48 hours of being so called upon, pay the whole of the Outstanding
Balance to the bank without any delay or demur.
8. The Bank may at its own discretion and upon Borrower’s request, also finance the Borrower for the insurance premium of insurance
policy taken by Borrowers as per Borrower’s own wish from any insurance company of Borrower’s choice, which sum(s) shall be
added to the principal amount under the Loan and all the terms and conditions shall be additionally applicable thereto. All expenses,
charges, fees, taxes etc., as applicable on any such insurance shall be incurred and paid by the Borrower, however, in case paid by the
bank on Borrowers behalf, the Borrower shall reimburse the same to the bank within 24 hours of the bank’s demand. The Borrower
shall instruct the insurance company to add the bank as loss payee in any such insurance policy.
9. The Borrower shall furnish and create such security from time to time in favour of or for the benefit of the bank, of such value, in
such form and in such manner, as may be deemed fit by the bank, forthwith upon so required by the bank. the bank shall also have
the right to stipulate any other and further terms and conditions that it may deem fit at any time prior to or after the grant of the Loan;
which shall be binding on the Borrower.
10. Each of the Borrowers represent(s) and warrant(s) that (which shall be deemed to have been repeated to the Bank on the date of
Disbursement and on each date thereafter till entire repayment) : (a) The Borrower is a citizen of India and a major (in terms of age)
and is of sound mind and is competent to contract and enter into and perform his/her obligations contemplated under this
document/other document/in respect of the Loan; (b) There is no impediment or restriction, whether under law, judgment, order,
award, contract or otherwise, for any of the Borrowers entering into and/or performing any of the transactions contemplated by
this/other documents/in respect of the Loan and all approvals and consents, wherever necessary have been duly obtained and are and

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
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 will continue to be in full force; (c) The execution hereof constitutes legal, valid and binding obligations of the Borrower. (d) That
there is no Event of Default existing; (e) All declarations made by Borrower are true and complete and no material information has
been suppressed /withheld. (e) The Borrower(s) agree that if there are two or more Borrower(s), the Borrower(s) liabilities under this
Loan terms and conditions shall be joint and several. The Borrower(s) hereby represents/warrants to/covenants/undertakes that he/she
shall utilize the loan for the purpose for which it is granted and not for any improper/illegal/unlawful/speculative/capital market
related activities neither for purchase of gold in any form including primary gold, gold bullion, gold jewelry, gold coins, units of Gold
Exchange Traded Funds(ETF) and units of gold Mutual Funds.
11. The Borrower agree that all amounts payable by the Bank and/or Borrower to the Bank shall be payable and be paid at the branch
location or such other place where the Bank operates and the same to be decided by the Bank at its discretion and all the terms and
conditions so far as a possible shall be per formed and carried out at the location.
12. Negative Covenants : The Borrower covenants and agrees that, save and except with the prior, specific and express written consent of
the Bank, the Borrower shall not ; (a) create, assume or incur any further indebtedness to any person; or lend or advance any amounts
to any person; or undertake any guarantee or security obligations; (b) except in favor of the Bank, sell, license, let lease, transfer,
alienate, dispose of in any manner whatsoever, surrender or otherwise encumber any of its assets, rights, title or interest, receivables,
or any part thereof; or create, facilitate or permit to exist any charge, encumbrance or lien of any kind whatsoever overany of its
property or grant any option or other right to purchase, lease or otherwise acquire, any such assets or part thereof; (c) permit of effect
any direct or indirect change in the legal of beneficial ownership or control; (d) Change /cease/retire from/terminate/resign from the
present employment/profession /business disclosed in the Applications; or change, terminate or open any bank account.
13. The following events shall constitute events of default (each an “Event of Default”), and upon the occurrence of any of them the
entire Outstanding Balance shall become immediately due and payable by the Borrower and further enable the Bank inter alia to
recall the entire Outstanding Balance and/or enforce any security and transfer/sell the same and/or take, initiate and pursue any
actions/proceedings as deemed necessary by the Bank to recovery of the dues; (a) Failure on Borrower’s part to perform any of the
obligations or terms or conditions or covenants applicable in relation to the Loan including under this/other documents including non
– payment in full of any part of the Outstanding Balance when due or when demanded by the Bank; (b) any misrepresentations or
misstatement by the Borrower; or (c) occurrence of any circumstance or event which adversely affects Borrower’s ability/capacity to
pay/repay the Outstanding Balances or any part thereof or perform any of the obligations; (d) if any attachment, distress, execution or
other process against the Borrowers/its assets or any of the security is threatened, enforced or levied upon by any person; or (e) fall,
reduction or decrease, in the opinion of the Bank, in values of any security lower than the values required by the Bank; (f) the event
of death, insolvency, failure in business, commission of an act of bankruptcy of the Borrower, or change or termination of
employment/profession/business for any reason whatsoever. (g) if the loan amount is used for investment made in shares, debentures,
advances and inter-corporate loans/deposits to other companies (including subsidiary companies) (g) if the loan amount is used for
investment made in shares, debentures, advances and inter-corporate loans / deposits to other companies (including subsidiary
companies).
14. Notwithstanding anything to the contrary in this document or any other document or any other document/arrangement : (i) in respect
of all and any of Borrower’s present and future liabilities to the bank, its affiliates, group entities, associate entities, parent,
subsidiaries, any of their branched (collectively “Relevant Entities”), whether under this document or under any other obligation/loan
facilities/borrowing/document, whether such liabilities are/be crystallised, actual or contingent, primary of collateral or several or
jointly with others, whether in same currency or different currencies, whether as principle debtor and/or as guarantor and/or otherwise
howsoever (collectively “Liabilities”), each of the bank and the Relevant Entities shall in addition to any general lien or similar right
to which any of them as bankers may be entitled by law, practice, custom or otherwise, have a specific and special lien on all the
Borrower’s present and future stocks, shares, securities, property, book debts, all moneys in all accounts whether current, savings
overdraft, fixed or other deposits, held with or in custody, legal or constructive, with the bank and/or any Relevant Entities, now or in
future, whether in same or different capacity of the Borrower, and whetherseverally or jointly with others, whether for any banking
relationship, safe custody, collections, or otherwise whether in same currency or different currencies; and (ii) separately, each of the
bank and the Relevant Entities shall have the specific and express right to, without notice to and without consent of the Borrower, set
– off, transfer, sell realize, adjust appropriate all such amounts in all accounts (whether prematurely or upon maturity as per the
bank’s discretion), securities, amounts and property as aforesaid for the purpose or realizing or against any of dues in respect of any

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
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 of the Liabilities whether ear- marked for any particular Liability or not, combine or consolidate all or any of accounts of the
Borrower and set- off any monies, whether of same type or nature or not and whether held in same capacity or not including upon
happening of any of the events of default mentioned in any of the documents pertaining to the respective Liabilities or upon any
default in payment of any part of any the Liabilities. (iii) the bank and the Relevant Entities shall be deemed to have and hold and
continue to have rst charge on any assets including on any assets including any deposit on which security has been/will be created in
respect of the Loan, as security also for any of the other Liabilities and all the rights and powers vested in the bank in terms of any
security or charge created for the Loan shall be available to the bank and/or the Relevant Entities also in respect of such other
Liabilities, irrespective of the fact whether the Loan is at any time outstanding, repaid or satisfies or not and even after the Loan has
been repaid or prepaid. Bank shall be at the liberty to deny issuance of No Dues Certificate in the event of cross default.
15. The bank shall at any time, without any consent of or notice to the Borrower (s) be entitled to securitise, sell assign, discount or
transfer all or any part of the bank’s rights and obligations under the Loan, this document or any other document, to any person (s)
and in such manner and on such terms as the bank may decide. Borrower shall not be entitled to directly or indirectly assign or in any
manner transfer, whether in whole or part, any rights, the benefit or obligation under the Loan, this / other document.
16. The bank shall also be entitled to communicate in any manner it may deem fit, to or with any person or persons including guarantors,
person giving reference to loan, with a view to receiving assistance of such person or persons in recovering the defaulted amounts
including but not limited to visiting the property and/or any place of work of the Borrower.
17. The bank shall be entitled at its discretion to engage/avail of, at the risk and cost of the Borrower, services of any person/third party
service provider/agent/ agency, for anything required to be done for/in relation to/pursuant to the Loan, including collections,
recovery of dues, enforcement of security, getting or verifying any information of the Borrower/assets, and any necessary or
incidental lawful acts /deeds/matters and things connected thereto, as the bank may deem fit.
18. Except to the extent disclosed to the Bank: (i) all the Borrower’s contracts or agreements with, or any commitments to, any affiliates
or group companies (if applicable) are on arms’ length basis; (ii) (a) where the Borrower is an individual, he/ she is not a director or
specified near relation of a director of a banking company; (b) where the Borrower is a partnership firm/HUF/limited liability
partnership firm, none of the partners or members of the HUF is a director or specified near relation of a director of a banking
company; and (c) where the Borrower is a joint stock company, none of its directors, is a director or specified near relation of a
director of a banking company; (iii)(a) where the Borrower is an individual, that he/ she is not a specified near relation to any senior
officer of the Bank, (b) where the Borrower is a partnership firm/HUF/ limited liability partnership firm, none of the partners or
members of the HUF, is a specified near relation of any senior officer of the Bank, and (c) where the Borrower is a joint stock
company, none of its directors, is a specified near relation of any senior officer of the Bank. The Borrower agrees that the bank has an
unconditional right to revoke and/or recall the entire loan facility if the disclosure as mentioned in this clause is found to be false.
19. The Borrower shall ensure that neither the Borrower nor any director/partner/member of the Borrower has been declared a willful
defaulter; in case any director/partner/member has been declared as a willful defaulter, the Borrower shall take expeditious steps for
removal of such person.
20. Borrower understands and acknowledges that there are inherent risks involved in sending the instructions/communications/documents
to the Bank via electronic mode viz., emails, SMS, etc., and hereby agree and confirm that all risks shall be fully borne by him and he
assumes full responsibility for the same. He will not hold the Bank liable for any losses or damages including legal fees arising owing
to any miscommunication or technological error beyond the control of the Bank. Borrower shall be responsible to ensure the
authenticity, validity, or source of any instructions/documents and shall be liable if any instructions/ documents turned out to be
unauthorized, erroneous, or fraudulent.
21. DISCLOSURE/SHARING OF INFORMATION
1. In the Event of Default, the Bank/IDFC First shall also be entitled to communicate in any manner it may deem fit, to or with
any person or persons including guarantors, person giving reference to loan, with a view to procure assistance of such person
or persons in recovering the defaulted amounts including but not limited to visiting the property and/or any place of work of
the Borrower.
2. The Bank will limit the collection and use of customer information only on a need-to-know basis to deliver better service to
the customers. The Bank may use and share the information provided by the Customers with its Affiliates and third parties
for providing services and any service-related activities such as collecting subscription fees for such services and notifying or

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
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 contacting the Customers regarding any problem with, or the expiration of, such services. In this regard, it may be necessary
to disclose the customer information to one or more agents and contractors of the Bank and their sub-contractors, but such
agents, contractors, and sub-contractors will be required to agree to use the information obtained from the Bank only for
these purposes. The customer authorizes the Bank to exchange, share, part with all information related to the details and
transaction history of the customer to its Affiliates/ other banks/ financial institutions/ credit bureaus/ agencies/ participation
in any telecommunication or electronic clearing network as may be required by law, customary practice, credit reporting,
statistical analysis and credit scoring, verification or risk management or any of the aforesaid purposes and shall not hold the
Bank liable for use or disclosure of this information also the customer consents to receive information about new products,
offers, promotions, receive communications, notices, and other information from the Bank and its agents/service
providers/partners etc.(whether through SMS, emails, phone call, automated phone calls or by any other means . The Bank
values your relationship and will at all times strive to ensure your privacy.
22. Force Majeure - The Borrower shall be liable to perform or fulfil its obligations at all point of time and shall not delay/postpone
performance, its obligations in whole or in part, even on the ground of any force majeure event such as acts of God, floods, cyclones,
explosion, earthquakes, epidemics, diseases, accidents, fires, wars, riots, strikes, lockouts , orders of governmental or other statutory
authorities, national emergency, terrorist attacks or any other similar causes.
23. The Bank shall have the right to not return the Application, the photographs, information and documents submitted by the Borrower.
the Bank shall, without notice to or without any consent of the Borrower, be absolutely entitled and have full right, power and
authority to make disclosure of any information relating to Borrower including personal information, details in relation to documents,
Loan, defaults, security, obligations of Borrower, to the Credit Information Bureau of India (CIBIL) and/or any other governmental /
regulatory / statutory or private agency/entity, credit bureau, RBI, the Bank’s other branches/subsidiaries/ affiliates/rating agencies,
service providers, other banks/financial institutions, and third parties, any assigns/potential assignees or transferees, who may need
the information and may process the information, publish in such manner and through such may be deemed necessary by the
publisher/the Bank/RBI, including publishing the name as part of willful defaulter’s list from time to time, as also use for KYC
information verification, credit risk analysis, or for other related purposes. In this connection, the Borrower waives the privilege of
privacy and privity of contract. the Bank shall have the right, without notice to or without any consent of the Borrower, to approach,
make enquires, obtain information, from any person including other banks/finance entities/credit bureaus, Borrower’s
employer/family members, any other person related to the Borrower, to obtain any information for assessing track record, credit risk,
or for establishing contact with the Borrower or for the purpose of recovery of dues from the Borrower.
24. Any notice, approvals, instructions, demand and other communications(including customer copy of Loan Agreement, Key Fact
Statement, Welcome letter, loan transaction documents etc., in reference to this Agreement given or made by the Bank shall be
deemed to be duly given and served if send by Normal post, courier, registered post, facsimile electronic mail, personal delivery,
SMS ,instant messaging app or by pre-paid registered mail addressed to the Borrower's address, phone/ mobile number, fax number
or email as given in the Applications (or at the address changed on which the Bank's acknowledgment is duly obtained as hereinafter
mentioned) such notice and service shall be deemed to take effect on the third working day following the date of posting thereof in
case of normal post, courier, registered post, at the time of delivery if given by personal delivery, upon receipt of a transmission
report if given by facsimile, upon sending the electronic mail or SMS if given by electronic mail or SMS. The Borrower always
undertakes to keep the Bank informed in writing of any change in the mailing address, email id, phone and mobile number (s) as
provided in the Applications and to obtain the Bank's written acknowledgment on the intimation given to the Bank for any such
change.
25. Borrower understands and acknowledges that there are inherent risks involved in sending and receiving
instructions/communications/documents via electronic mode viz., emails/ SMS/WhatsApp messaging services etc., and hereby agree
and confirm that all risks shall be fully borne by him and he assumes full responsibility for the same. He will not hold the lender
liable for any losses or damages including legal fees arising owing to any miscommunication or technological error beyond the
control of the lender.
26. IDFC FIRST Bank shall not be liable or responsible for any breach of secrecy owing to communication/documents being sent
digitally. Borrower shall verify the authenticity of the emails, instant messaging app etc., and shall not hold the Bank responsible for
any statements received from frauds / imposters. Borrower shall not hold the Bank liable if any problem arises with his/their

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
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 computer/mobile network. Borrower understand and agree that the email statements, SMS, documents, communications will only be
sent to the first holder of either registered email id/registered Cell No/registered WhatsApp number. Borrower shall inform the Bank
in writing if there is any change in his/their communication address. The Bank shall not be responsible incase if the Borrower’s do
not receive the statements due to incorrect communication address provided by Borrower or due to technical reasons. Borrower
undertakes to take all necessary steps to ensure confidentiality and secrecy of the login name and password of the internet / email
account.
27. Borrower shall be responsible to ensure the authenticity, validity, or source of any instructions/documents and shall be liable if any
instructions/documents turned out to be unauthorized, erroneous, or fraudulent nor will any such communication amount to spam,
unsolicited communication or a violation of borrower(s) registration on the national do not call registry.
28. GOVERNING LAW AND JURISDICTION
1. This Agreement shall be governed by and interpreted in accordance with the laws of India.
2. The Parties hereto unconditionally submit to the exclusive jurisdiction of the courts and tribunals in place in India where the
branch of the Lender disbursing the Loan is situated, for the determination of any matters arising out of or under this
Agreement. Provided that nothing stated herein shall (and/or shall be construed so as to) limit the right of the Lender to
initiate proceedings against the Borrower or Guarantor, or both, in any other court of competent jurisdiction and nor shall the
initiation of the proceedings in any one or more jurisdictions by the Lender preclude the taking of the proceedings by the
Lender in any other jurisdiction (whether concurrently or not).
3. The Lender is entitled to effect personal service on the Borrower of any writ, summons or other process or document by
leaving it at or sending it by ordinary post to the Borrower’s mailing address specified in this Agreement. The Borrower
agrees that such process is deemed validly served on the Borrower immediately, if so left, or on the day immediately
following the date of delivery, if sent by post and that the Borrower is/shall be deemed to have sufficient notice of such
process.
29. This document, Application and other documents have been explained to the Borrower in the language known to the Borrower and
the Borrower has read and understood the same. The Borrower has affixed their signature after verifying and understanding the
contents of this document at the end of the schedule.
30. The Borrower unconditionally consent and authorizes the Bank to raise debits for such amounts as may be calculated by the Bank
from time to time and undertake to maintain sufficient balances to cover the Loan Repayment Dues (and charges, if any) on the
stipulated due dates. Borrower is aware that failure to repay loan amount through these instruction shall be treated as a default in
repayment of dues and all charges /penalties /levies as covered by the agreement will hold good towards the non-payment of
obligations The Borrower further undertakes that in the event of the above account getting closed / transferred for any reason, the
Borrower shall intimate to the Bank the new account opened with the bank to debit the Loan Repayment amounts as per the
agreement. Borrower also undertakes the responsibility to provide the fresh set of Mandate and security PDC's for such new account,
as per terms of the agreement in lieu of existing instructions.
31. The borrower is aware that this document is an electronic record in terms of Information Technology Act, 2000 and rules there under
as applicable to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record is
generated by a computer system and does not require any physical signatures.
32. Electronic communications shall be deemed to have been received by borrower when we send the electronic communication to the
email address / mobile number / details provided by borrower or any other third party. Borrower undertakes that he will not hold
Bank or Banks business partners/ service providers/ authorized third parties responsible for any such communications received from
Bank/ its business partners/ service providers/ authorized third parties, nor will any such communication amount to spam, unsolicited
communication or a violation of borrower(s) registration on the national do not call registry.
33. The Borrower hereby expressly acknowledges and confirms that the Borrower has read, verified, understood, irrevocably agreed to
and accepted and delivered all the terms and conditions contained in Clauses 1 to 33 (including sub clauses), schedule of charges,
Standing Instruction (collectively, "Loan Documents") online by ticking / clicking / checking the "I Agree" or "I Agree and
Accept" or any similar icon/tab/option on the online system / Website / portal / platform of Merchant/ its agent/ service
provider/partners as well as by entering the one time password ("OTP") provided to the Borrower's mobile number registered with
the Bank, and that there is no requirement of Borrower's any other signature or physical signature on the Loan Documents or of the

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
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 Borrower signing the Loan Documents in physical form. The Borrower also acknowledges that the execution of the agreement would
be complete only once the same is accepted by the Bank. The Bank also does not require to sign the Loan Documents in any physical
form. The Bank shall be deemed to have accepted and signed this document online by way of sending an email/ letter through its
officer to the Borrower and attaching therewith the copy of this document. For the purpose of stamp duty, any writing on a stamp
paper or franked page associating the stamp paper or such franked page with this document will be as good as making the stamp
paper/franked page an integral part of this document.
34. I hereby consent to receive information about my loans and offers on WhatsApp on my registered number.
35. The Borrower understands, acknowledges and agrees that the Facilities are uncommitted facilities, are recallable by IDFC FIRST
Bank at any time and may be cancelled and repudiated in part or in entirely by IDFC FIRST Bank at any time without notice and
without giving any reason. Sanction or part disbursal of the facility should not be construed as giving rise to binding obligations on
the part of IDFC FIRST Bank to provide the facility mentioned aforesaid. The Facility mentioned aforesaid will be available solely at
IDFC FIRST Bank’s discretion and IDFC FIRST Bank will not be liable for any action taken by the borrower on the basis of this
sanctioned facility.
36. I confirm that I am not a Political Exposed Person (PEP). PEPs are individuals who have been entrusted with prominent public
functions, including heads of Governments, senior politicians, senior government etc

CONCEPTS & ILLUSTRATIONS ON DUE DATES AND SPECIFICATION OF SMA /NPA CLASSIFICATION
DATES:

a) Dues shall mean the principal/interest/any charges levied on the loan account which are payable within the period stipulated as per the
terms of sanction of the credit facility.I/We further understand that the aforementioned services are been offered to me/us by the aforesaid
Service Providers and the Bank shall not be responsible in any way with regard to the services provided or any other terms and conditions
of the insurance policies/ products/facilities availed by me/us from the said service providers.

b) Overdue shall mean the principal/interest/any charges levied on the loan account which are payable, but have not been paid within the
period stipulated as per the terms of sanction of the credit facility. In other words, any amount due to the bank under any credit facility is
'overdue' if it is not paid on the due date fixed by the bank.

c) Non-Performing Asset (NPA) - is a loan or an advance where

i. interest and /or instalment of principal remains overdue for a period of more that 90 days in respect of a term loan.

ii. the account remains ‘out of order’ as indicated below in respect of an Overdraft/Cash credit (OD/CC).

d) "First In First Out (FIFO)"- The relevance of 'First in First Out'(FIFO) is in appropriation of payments into the borrowal account; The
Principle of FIFO i.e., 'First In First Out accounting method is relevant to arrive at the No of days of overdue for determining the
SMA/NPA status. The FIFO principle assumes that, the oldest outstanding dues in the loan account needs to be cleared first. The FIFO
method thus requires that what is due first must be paid by the borrower first.
For example:- If in any loan account as on 01.02.2021 there are no overdues and an amount of Rs. X is due for payment towards principal
instalment/interest/charges any payment being credited on or after 01.02.2021 in the loan account will be used to payoff the dues
outstanding on 01.02.2021. Assuming that nothing is paid/or there is partial payment (Rs Y) of dues during the month of February, the
overdue as on 01.03.2021 will be Rs. X-Y.
Additionally, an amount of Rs Z becomes due as on 01.03.2021. Now any payment partial payment into the account on or after
01.03.2021 will be first utilized to payoff the partial due of 01.02,2021(Rs X- Rs Y). If there is more recovery that the Rs. X- Rs.Y then
after recovering dues of 01.02.201, the remaining amount will be treated as recovery towards due of 01.03.2021.

e) Age of Oldest Dues - The age of oldest dues is reckoned in days from the date on which the oldest payment is due and continues to
remain unpaid. In the aforesaid illustration, if the Dues relating to 1st February 2021 remain unpaid till 01.03.2021, the age of the oldest
dues is reckoned as 29 days on 02.03.2021.

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
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 f) Classification as Special Mention Account (SMA) and Non-Performing Asset (NPA) - Lending institutions will recognize the incipient
stress in loan accounts, immediately on Default, by classifying them as Special Mention Accounts (SMA) The basis of classification of SMA
/NPA Category shall be as follows:

Loans other than revolving facilities Loans in the nature of revolving facilities like
cash credit/overdraft

SMA Sub- Basis for classification - Principal SMA Sub- Basis for classification -
categories or interest payment or any other categories Outstanding balance remains
amount wholly or partly overdue continuously in excess of the
sanctioned limit or drawing
power, whichever is lower, for a
period of:

SMA-0 Upto 30
days

SMA-1 More than 30 days and upto 60 SMA-1 More than 30 days and upto 60
days days

SMA-2 More than 60 days and upto 90 SMA-2 More than 60 days and upto 90
days days

Out of Order - An account shall be treated as "out of order" if

i. the outstanding balance in the CC/OD account remains continuously in excess of the sanctioned limit /drawing power for 90 days or
ii. the outstanding balance in the CC/OD account is less than the sanctioned limit/drawing power but there are no credits continuously for
90 days or the outstanding balance in the CC/OD account is less that the sanctioned limit/drawing power but credits are not enough to
cover the interest debited during the precious 90 power but credits are not enough to cover the interest debited during the previous 90
days period.

Illustrative movement of an account to SMA category to NPA category based on delay Inon payment of dues and subsequent upgradation to
Standard category at day end process:

Due date Payment Payment Age SMA/NPA SMA since Categorization NPA Date
of Date covers of Categorisation Date/SMA class date
payment oldest
dues
in
days

01.01.2022 01.01.2022 Entire dues NILL

upto

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 01.01.2022

01.02.2022 01.02.2022 Partly paid 1 SMA-0 01.02.2022

dues of
01.02.2022

01.02.2022 02.02.2022 Partly paid 2 SMA-O 01.02.2022 NA

dues of
01.02.2022

01.03.2022 Dues of 29 SMA-O 01.02.2022

01.02.2022
not fully paid
01.03.2022 is
also due at
EOD
01.03.2022

Dues of 1 SMA-O 01.03.2022

01.02.2022
fully paid,
Due for
01.03.2022
not paid at
EOD
01.03.2022

No payment 31 SMA- 1 01.02.2022/03.03.2022

of full dues of
01.02.2022
and
01.03.2022 at
EOD
03.03.2022

Dues of 1 SMA-O 01.03.2022

01.02.2022
fully paid,
Due for
01.03.2022
not fully paid
at EOD
1.03.2022

01 No payment 60 SMA 1 01.02.2022/03.03.2022

.04.2022 of dues of
01.02.2022
,01.03.2022

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
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 and amount
due on
01.4.2022 at
EOD
01.04.2022

No payment 61 SMA 2 01.02.2022/02.04.2022

of dues of
01.02.2022 till
01.04.22 at
EOD
02.04.2022

01.05.2022 No payment 90 SMA 2 01.02.2022/02.04.2022

of dues of
01.02.2022 till
01.05.22 at
EOD
01.05.2022

No payment 91 NPA NPA 02.05.2022

of dues of
01.02.2022 till
01.05.2022 at
EOD
02.05.2022

01.06.2022 01.06.2022 Fully Paid 93 NPA NA 02.05.2022

dues of
01.02.2022 at
EOD
01.06.2022

01.07.2022 01.07.2022 Paid entire 62 NPA NA NPA 02.05.2022

dues of 01
.03.2022 &
01.04.2022 at
EOD
01.07.2022

01.08.2022 01.08.2022 Paid entire 32 NPA 02.05.2022

dues of
01.05.2022 &
01.06.2022 at
EOD
01.08.2022

01.09.2022 01.09.2022 Paid entire 1 02.05.2022

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
registered mobile number 7600796172 from IP Address 13.127.212.138
 dues of
01.07.2022 &
01.08.2022 at
EOD
01.09.2022

01.10.2022 01.10.2022 Paid entire 0 Standard STD from

dues of Account with 01.10.2022
01.09.2022 & No Overdues
01.10.2022

Note- Examples are illustrative and not exhaustive in nature covering common scenarios and that the IRACP norms and clarifications
provided by RBI on the subject will prevail.

g) Amortization Schedule/Repayment Schedule:- The Amortization Schedule shall be provided separately after the disbursement of loan
and shall consist details pertianing to exact due dates for repayment of loan, breakup between principal and interest, in case of loan facilities
with moratorium on payment of principal and or interest, the exact date of commencement of repayment etc., shall also be specified in the
said amortization schedule.

Consent for this agreement no. 400415852364, was electronically provided by SUTHAR JAYMIN POPATBHAI on 14 Dec, 2023 03:21 PM
registered mobile number 7600796172 from IP Address 13.127.212.138