LOAN AGREEMENT

THIS LOAN AGREEMENT (“the Agreement”) is made on the 30 day, May

month and 2024 year set out in Schedule B hereof between the person(s)
named in Schedule A hereinafter referred to as "the Borrower" (which
expression shall, unless repugnant to the meaning or context thereof, be
deemed to mean and include his legal heirs, executors and administrators) of the
FIRST PART, AND

Muthoot Fincorp Limited, a company incorporated under the Companies Act,

1956 and having its registered office at Muthoot Centre, Punnen Road,
Thiruvananthapuram - 695034 hereinafter referred to as “the Lender" (which
expression shall, unless repugnant to the meaning or context thereof, be
deemed to mean and include its successors) of the SECOND PART

WHEREAS

A. Lender is a systematically important non-Deposit taking, Non-Banking

Financial Company engaged in the business of providing financial assistance
to individuals and business

B. Lender and Anchor have entered into an agreement whereby the Lender has
offered to provide personal loans to the potential and eligible Trade
Partners/Merchants of the Anchor, subject to definitive terms and conditions
for such credit facility.

C. Borrower has applied for a Credit Facility (For details refer to schedule B) via
the Anchor. Relying on the representations and warranties of the Borrower as
contained in the Agreement and information/ documents uploaded by/
provided by the Borrower via the Lender platform, the Lender agrees to make
available to the Borrower during the Availability Period, the Credit Facility and
the Borrower hereby agrees to avail from the Lender the Credit Facility in one
or more tranches on the terms and conditions contained herein. The Borrower
agrees that it shall utilize the Credit Facility only towards the purposes stated
in the Schedule to this Agreement.

DEFINITIONS
I. . “Credit Facility” shall mean the loan facility available to the Borrower in either
form:

a. Revolving Credit Facility – A Revolving Facility allows a borrower to take

multiple drawdowns up to a maximum of Approved Credit Limit and the
withdrawable limit is subject to repayment of tranches on or before
defined due dates and other terms and conditions of credit facility
agreement.

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 b. Term Loan – An installment loan where a borrower makes
daily/weekly/monthly payments towards their loan.
II. “Anchor” shall mean any entity onboarded on mutually agreed terms for
customer acquisition, underwriting support on behalf of Lender in conformity with
extant outsourcing guidelines issued by the Reserve Bank for disbursal of Credit
Facility by the Lender using Platform iii. “Business Loan” -–A Revolving Facility
allows a borrower to take multiple draw downs up to a maximum of the approved
credit limit and the withdrawable limit is subject to repayment of tranches on or
before the defined due dates and other terms and conditions of the credit facility
agreement.
III. “Equated Daily instalment loan (EDI)” where a borrower makes daily payments
towards their loan. Daily repayments are added back to the available limit and
merchants may draw down another tranche when required from the limit available
to them and the entire outstanding facility will be remapped for sanctioned tranche
days.
IV. “Disbursement Date” shall mean the date on which the Loan is disbursed to the
account identified for this purpose, by the Platform, upon satisfaction of all the
representations, warranties and covenants of the Borrower by the Lender.
V. “Outstanding Amount” shall mean the amount of the Loan and shall include the
Interest and other charges accrued in relation to the Loan, which is to be paid by
the Borrower to the Lender less any part of / installment(s) towards the Loan
Amount which has already been repaid to the Lender.
VI. “Platform” shall mean the Digital Lending Application namely “Muthoot Fincorp
One” of the Lender viii. “Repayment Date” means the date stipulated in the
Schedule B set forth for the Borrower to repay the Outstanding Amounts to the
Lender periodically till the entire outstanding amount is repaid by the Borrower.
VII. “Repayment Schedule” the drawdown details of the Loan, availed by the
Borrower and communicated through electronic mode by Lender to the Borrower
on each drawdown.
VIII. “Due Amount” shall mean the repayment amount to be paid by the Borrower to
keep the Loan in good standing.
IX. “LSP -– Loan Service Provider” means an Agent who carries out lender
functions in originating, assessing, disbursing, servicing business loan, collection,
or loan portfolio.
X. “Grace Period” shall mean such period after the Due Date, if any provided by the
Lender in its sole discretion and during this period only interest shall be bearing on
the borrower and no late payment interest shall be levied.

NOW IT IS AGREED AS FOLLOWS:

1. PURPOSE
The Borrower had approached the Lender for a Loan amount on the terms, conditions
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 and the purpose as stated / contained in this Agreement and / or in the Borrower’s
application for the loan. The Borrower hereby confirms that the funds are for Business
purpose.

2. LOAN TERMS AND DISBURSEMENT

a. Upon the request of the Borrower and subject to the terms and conditions herein, the
Lender agrees to grant to the Borrower Credit Facility as mentioned in Schedule B
hereto (hereinafter the “said Loan”). The terms of the Loan, including its tenure,
repayment conditions and others are more particularly set out in Schedule B hereto.
b. The Borrower may draw down such Approved Credit Limit in one or more tranches
during the loan Period (each drawdown hereinafter referred to as a “Tranche”) from
time to time (where the aggregate of all outstanding Tranches shall not exceed the
Approved Credit Limit).
c. The Disbursement of Credit Facility Amounts or each Tranche shall be based on
request received from borrower and shall be authenticated by the Anchor.
d. Borrower agrees that the Facility shall be disbursed directly into the Anchor’s account
or supplier(s) account basis request placed by the borrower, in lieu of the amount
requested by Borrower. The Borrower acknowledges that such disbursal of Loan
Amount to the account of the Anchor / supplier(s) shall be construed as a deemed
drawdown under this Agreement notwithstanding any dispute between the Borrower
and the Lender and/or Borrower and the Anchor.
e. In case of EDI the disbursement will happen to the customer account and customer
only would need to raise disbursement request. Lender upon receipt of such
disbursement request shall validate whether customer is having adequate limit
available for disbursement and post hygiene checks upon satisfaction shall initiate
disbursement.

f. The Lender is entitled to a regular review of the Borrower’s loan account and based
on reviews’ observations, the Lender may revoke / suspend the sanction/Credit Facility
of the Borrower.

3. INTEREST
The Borrower shall pay interest on the Loan Amount at the rate specified by the Lender,
which will be notified to the Borrowers in the form and manner agreed upon.

The aforesaid Loan shall carry an interest as per Schedule B hereto and such interest
shall be payable along with the repayment of the principal Loan amount in the manner as
set out in Schedule B.

In case the repayment of the Loan Amount is not completed in accordance with the terms
agreed between the Borrower and the Lender, the Lender will be entitled to receive Penal
Charge (defined below) for each such day of default. Notwithstanding the above, the
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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occurrence of such an event would constitute an Event of Default (as defined
hereinafter).

4. LOAN TENURE AND REPAYMENT

a. The Borrower shall repay the Loan to the Lender within the period as set out in
Schedule B. Upon, repayment of the said Loan and interest as per Schedule B, the
Borrower shall be discharged of its obligations hereunder.
b. However, at any time during the subsistence of this Loan Agreement, the Lender, at
its sole discretion, may recall the Loan by giving a written notice of 10 days to the
Borrower and in such an event, the Borrower shall, immediately, become liable to pay
the entire Loan amount and accrued interest to the Lender.
c. In the event the Lender do not receive the Due Amount, on or before the Repayment
Date, the Borrower will be deemed to have committed a default in repayment of the
Due Amount or any sum due hereunder, which would constitute an Event of Default
and the Borrower does hereby agree to pay overdue period interest, charges, cost,
etc., details whereof will be provided under the Repayment Schedule ("“Penal
Charge"”). Penal Charge shall be calculated from the expiry of the Repayment Date till
the date on which actual payment of the said Due Amount is made. The payment of
Penal Charge shall not absolve the Borrower of its obligations under this Agreement,
including timely payment of Due Amount(s) and shall not affect any of the other rights
of the Lender including in respect of such an Event of Default. It is expressly specified
that the above is in addition to all the other rights that may accrue to the Lender upon
occurrence of on any Event of Default by the Borrower, and all such rights are
expressly reserved by the Lender.
d. Any and all disputes between the Parties in relation to or arising out of this
Agreement shall not affect the Borrower’s obligation to ensure payment to and receipt
by the Lender of the amounts due and payable under this Agreement, from time to
time.
e. The Borrower covenants with the Lender that this Agreement shall not put any
obligation, in any manner, on the Borrower to take loan enhancement or additional
term loan (which shall be limited to the additional sanction of term loan by the Lender)
from the Lender. This clause shall only act as enablement of such service for the
Borrower by the Lender. For disbursal of such amount, Borrower shall place an explicit
request to the Lender, in the form and manner stated by the Lender.
f. Appropriation of Payments: Unless otherwise agreed to by the Lender, any payments
due and payable under the Loan Agreement and made by the Borrower shall be
appropriated towards such dues in the following order, viz.,

i. Interest on costs, charges and expenses and other monies;

ii. Costs, charges, expenses and other monies;
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 iii. Penal Charges and liquidated damages on defaulted amounts;
iv. Interest payable in terms of the Loan Agreement;
v. Repayment of installments of principal due and payable under the Loan
Agreement.

The Borrower shall issue in favor of Lender or designated facility agent on behalf of the
Lender, either of the following: (i) standing instruction; (ii) direct debit mandate ("“DDM"”) or
e-DDM; (iii) NACH mandate or eNACH mandate; (iv) payment in cash at lender branches or
to collection agents or (iv) any other form of debit permitted by Lender (each a "“Repayment
Mode"”), for repayment of the Loan Amount and the Interest thereon and deliver / provide
the same to Lender, in a form, manner and in accordance with the applicable law. The
Borrower confirms that Lender shall be entitled to present the Repayment Mode and en-
cash the amount due and payable on each Repayment Date towards the repayment of the
Loan Amount, until the realization of the Due Amount / Loan Amount by the Borrower.

5. CANCELLATION
a. In the event the Borrower proposes to cancel the sanctioned Credit Facility before
availment or any drawdown subsequent to the availment, the Borrower must intimate
the same to the Lender and Lender shall cancel the Loan, upon being notified of such
cancellation. Any charges relating to such cancellation should be borne by the
borrower and the respective charges should be paid to the Lender.
b. Lender should send communication to the borrower regarding such cancellation of
loan.

c. The Borrower shall be responsible to contact the Anchor for any deficiency in service
on the part of the Anchor or any defective product/goods or deficient service delivered
to the Borrower and the Lender shall take no responsibility for the same.
d. The Borrower agrees and acknowledges that goods and services to be purchased
from the Anchor platform will be selected by the Borrower alone and the Lender shall
not be deemed to be supplying any such goods and services. The Borrower further
acknowledges that the Lender do not let or supply such goods or services and provide
any representation in relation to the condition, performance or quality of such goods or
services (including with reference to compliance with any safety or other standards)
and all such representations, conditions, warranties whether relating to the quality,
condition, performance regarding the usage of goods or services or otherwise are
hereby expressly excluded.
e. Also for loan cancellation and liability of the borrower / anchor under specific product
is called out in the respective schedules as well (if applicable).

6. END USE

The Borrower undertakes that the Loan granted by the Lender shall be used for business
use for working capital purpose. The Loan availed from the Lender will not be used for
any unlawful, or illegal and anti-social activity or any other activity for which this Loan is
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 not extended.

7. SECURITY
1) To secure the due performance and repayment of the Loan along with the interest,
cost and charges accrued thereon, the Borrower has offered the following security to
the Lender:-
a. The Loan shall be secured against the primary security of Hypothecation of
the assets of the Borrowers as more specifically set out in Schedule C hereto
(hereinafter referred to as “Hypothecated Assets”). The Borrower hereby
creates the hypothecation, on exclusive 1st charge basis, on the
Hypothecated Assets in favour of the Lender as security towards the
repayment of Loan.
b. During the subsistence of the Loan, the Lender may, at its sole discretion,
call upon the Borrower to provide additional securities for securing the Loan
and in such an event the Borrower shall immediately create and perfect such
additional security in favour of the Lender.
(The above securities are hereinafter collectively referred to as “the Security”)
2) The Borrower confirms that he is the absolute owner of the Hypothecated Assets
and are same unencumbered and free from any third party charge / rights / interest.
The Borrower shall, once in every 30 days or whenever required by the Lender, give
full particulars to the Lender of all the details of the Hypothecated Assets and shall
furnish and verify all statements, reports, returns, certificates and information from
time to time and as required by the Lender and make, furnish and execute all
necessary documents to give effect to this Security.
3) The Security shall be a continuing security for repayment of the Loan together with
all interest, liquidated damages, premia on prepayment or on redemption and
repayment or payment of all other monies due to the Lender under the Loan
Agreement and these presents.
4) It is declared that in the event the Borrower defaults in the repayment of the Loan or
any interest accrued therein or commits any Event of Default (as provided herein)
during the subsistence of the Agreement, the Lender shall have the absolute right to
invoke all or any Security and consequently the Lender shall have the right to deal
with such Security in the manner at the absolute discretion of the Lender, including
the right of selling such security to any third party by way of a private sale or
otherwise.
5) The Borrower shall not assign, transfer or create any charge, mortgage, lien or other
encumbrance over the Hypothecated Assets or any other Security offered, nor suffer
any such charge, mortgage, lien or other encumbrance or any attachment or distress
to affect the same or any part thereof nor do or allow anything that may prejudice this
Security.

8. GENERAL LIEN
In addition to the above Securities, the Borrower declares that the Lender shall have a
general lien on the assets of the Borrower (including any tangible or intangible assets /
properties) till the entire Loan and the interest and cost accrued thereon is repaid to the
Lender as per the terms of this Loan Agreement. The Lender may exercise its rights on
such property in the event of any default committed by the Borrower in complying its
repayment or other obligation under the Agreement.

9. EVENTS OF DEFAULT
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 Notwithstanding anything contained hereinbefore regarding repayment of dues, by
instalments, the entire amount of the Loan, together with interest and charges or the
balance outstanding in the account shall at the option of the Lender become due and
payable by the Borrower to the Lender and the Lender will be entitled to realize the same
in accordance with the provisions of Clause 11 below, at the cost of the Borrower upon
the happening of any of the following events:
a. The breach of or failure to observe, or default by the Borrower in observance of any
of the terms and conditions mentioned in this Agreement.
b. Non-Payment / partial payment of any sum, whether towards principal and/or Interest
and/or Additional Interest and/or charges as and when they become due and payable.
c. If it is found that the Borrower has made any misrepresentation, commits an act of
insolvency, or if the Borrower is declared insolvent or bankrupt or if a liquidator,
receiver or an officer is appointed in respect of any property or estate of the Borrower
or if the Borrower makes any application for declaring himself as insolvent.
d. The Borrower fails to pay any amount under any Court order or decree or judgment
against the Borrower.
In the event of any change in the name of the Borrower, the Loan along with the Interest
accrued thereto shall immediately become due and payable to the Lender.
Upon the occurrence of an Event of Default, the Lender, at its sole discretion, by notice in
writing sent by registered post with acknowledgement due and/ or through electronic
mode, to the Borrower declare that the obligation of the Lender to make or continue to
make the Loan Amount available, stands terminated; and any portion thereof or the entire
amount of the Loan and all Interest accrued thereon and all costs, charges, expenses
and other sums outstanding under this Agreement shall be immediately due and payable
to the Lender.

10. CONSEQUENCES OF DEFAULT

a. Upon the occurrence of an Event of Default under Clause 9 above, the Borrower
shall, in addition to the original interest, become liable to pay an additional interest of
36% per annum on the defaulted amounts for defaulted period.
b. If any one of the defaults specified in Clause 9 above shall occur, then the Lender
shall issue a notice in writing to the Borrower requiring that such payment shall be
made or such default be cured within a period of Seven (7) days from the date of
receipt of such notice
c. In the event of the Borrower failing to pay the amounts due (along with additional
interest) or to remedy the default, despite a notice under Clause 9 above, without
prejudice to the other rights and remedies available to the Lender under this
Agreement or under the applicable laws, the Lender shall be entitled to accelerate the
repayments and to declare that the entire Loan amount and the interest accrued
thereon has become due and payable and in such an event, the Borrower shall,
immediately, become liable to pay the entire Loan amount and accrued interest to the
Lender
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 d. The Borrower also gives his consent to Lender to disclose the loan details and any
defaults committed by the Borrower, to any Credit Rating agency. The Borrower is
aware that such agencies may share this information with any other banks or financial
institutions for the purpose of assessing the credit worthiness of the Borrower.
e. In the event of a default in payment of outstanding on the relevant Due Dates by the
Borrower under this Agreement or if in case there is default or likelihood of default by
the Borrower to pay any monies under any other facility agreement with the Lender,
the Lender may in its sole and absolute discretion refuse to disburse any further
amounts under this Agreement to the Borrower. Notwithstanding anything contained in
this Agreement, the Lender shall have the right to refuse disbursements of any or all
Facility/ Tranches and/or cancel the Facility/ Tranche(s) in its sole discretion and
without assigning any reason to the Borrower.

11. PAYMENTS

All payments by the Borrower hereto shall be made without any deductions or
withholdings, whether on account of tax or otherwise and without set off or counterclaim.

12. ASSIGNMENTS AND TRANSFERS

a. This Agreement shall be binding upon each party hereto and its or any subsequent
successors and assigns.

b. The Borrower shall not be entitled to assign or transfer all or any of its rights, benefits
and obligations hereunder without the prior written consent of the Lender.
c. The Lender may, at any time assign all or any of its rights and benefits hereunder.

d. The Lender may disclose to any actual or potential assignee or to any person who
may otherwise enter into contractual relations with the Lender in relation to this
Agreement such information about the Borrower as the Lender shall consider
appropriate, provided that the Lender obtains a confidentiality undertaking from such
assignee or other person.

13. NOTICES
All notices and other communications in respect of this Agreement shall be given in
writing in English by post, to the party entitled thereto at its address set forth in the title
clause. Any such notice, if given or made by registered letter, shall be deemed to have
been received on the earlier of the date received and the date five (05) days after the
same was posted and in proving such receipt it shall be sufficient to prove that the
envelope containing the same was properly addressed and posted as aforesaid.

14. ELECTRONIC FORM Communication in Electronic Form

MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 a. It is hereby agreed by and between the Lender and the Borrower that any request,
notice, correspondence or any other writing whatsoever required or contemplated
under this Agreement may be executed and any delivery, offer, acceptance or any
other action whatsoever in respect of this Agreement may be undertaken in electronic
form by way of a click wrap / SMS / WhatsApp / post / Email / in-app based or any
other electronic means of executing or authenticating transactions and as per
Applicable Law. The Borrower hereby authorizes the Lender its LSP, if any, for any
type of aforesaid correspondences in Electronic Form.
b. For avoidance of doubt, it is clarified that communications in Electronic Form include
any Writing or Action undertaken on any technology platform, mobile application or
website provided by the Lender or LSP.
c. Each Party confirms that any Writing or Action made or undertaken by the Parties in
Electronic Form shall be valid, binding and legally enforceable against such Party and
the borrower hereby consents to the same and shall not raise any objection or claim or
disclaim any liability under or in relation to the validity or enforceability of a Writing or
Action solely on account of it being in Electronic Form.

15. PARTIAL INVALIDITY

If, at any time, any provision hereof is or becomes illegal, invalid, prohibited or
unenforceable in any respect under the Indian law, this Agreement shall be considered
divisible as to such provision and such provision shall be inoperative and shall not be part
of the consideration moving from either party hereto to the other and the remainder of this
Agreement shall be valid, binding and of like effect as though such provision was not
included herein.

16. TERM OF AGREEMENT

This Agreement shall be valid and subsisting from the date of this Agreement until the
repayment of the entire Loan disbursed by the Lender in favour of the Borrower along
with all Interest as well as Additional Interest (if any), dues and taxes (as applicable) to
the satisfaction of the Lender

17. PRIVACY POLICY

a. Lender shall use, store, retain, process, distribute, or transmit all the information
provided by the Borrower in accordance with its privacy policy as set out on the
website of Lender (as may be amended from time to time).
b. Lender reserves the right to amend the privacy policy from time to time to reflect
changes in the law, data collection and use practices, the features of services, or
advances in technology. Lender shall display the changes in the privacy policy on the
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 official website of Lender or notify the same to the Borrower via email or such other
mode of communication as may be acceptable to the Lender.
c. Borrower agrees to check the website of Lender periodically for such changes in the
privacy policy and consents to be bound by the privacy policy of Lender. Upon
termination of this Agreement, the Borrower acknowledges that Lender shall not return
or destroy any document (including any copies thereof) or information provided by the
Borrower to Lender, from time to time and further consents to retention of such data
and information by Lender in accordance with the privacy policy of Lender.
d. The Borrower by signing this Agreement agrees to be bound by the privacy policy of
Lender as available on the official website of Lender and confirms to have read and
understood the privacy policy of Lender.

18. REPRESENTATIONS, WARRANTIES AND COVENANTS

The Borrower acknowledges that the Lender are entering into this Agreement placing
reliance on the representations and warranties hereby given by the Borrower under this
Agreement, as being true and correct on the date hereof. The Borrower hereby
undertakes, represents, warrants and confirms for itself that:
i. The Borrower is an individual and a resident and citizen of India and has the
competence and power to execute this Agreement and perform his/her/its obligations
under this Agreement and this Agreement when executed and delivered, will
constitute legal, valid and binding obligations of the Borrower.
ii. The Borrower has not been convicted of any offence/s (especially any economic
offence/s or money laundering) before any court of law.
iii. The Borrower is able to, and has not admitted its inability to, pay its debts as they
mature and has not suspended making payment on any of its debts.
iv. The Borrower shall continue to remain indebted to the Lender for payment of
Outstanding Amount under this Agreement.
v. Any default by the Borrower in discharging his/her/its liability and/or fulfilment of
his/her/its obligations under any other agreement with the Lender, shall be deemed to
be an Event of Default under this Agreement and the Lender shall be entitled to
exercise any or all rights under this Agreement for such an Event of Default.
vi. The Borrower agrees to enter into this Agreement on the condition that they agree to
the right of the Lender to set off the amount lying with the Lender or in possession of
the Lender (under any other account head), for the recovery of its dues under any/all
the agreements between the parties herein.
vii. The Borrower hereby agrees and appoints Lender and its officers, employees and
agents and authorized representatives to be its duly constituted attorneys to act and
recover the loan repayment amount, upon the occurrence of an Event of Default.
viii. The Borrower agrees that the above powers may be exercised without any prior
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 notice to the Borrower and further agree to ratify and confirm, that Lender or any LSP
appointed by Lender, may lawfully do or cause to be done in exercise of the aforesaid
powers.

19. INDEMNITIES
The Borrower indemnifies the Lender against any cost, loss or liability (including legal
fees and out of pocket expenses) incurred by the Lender (or its directors, employees and
agents) as a result of: i. the occurrence of an Event of Default.
ii. the Lender investigating any event which it believes is an Event of Default; iii. Lender
acting or relying on any notice, request or instruction which it believes to be genuine,
correct and appropriately authorized; or iv. Lender exercising any of the rights, powers,
discretions or remedies vested in it under this Agreement or by applicable law.
v. The Borrower shall within 3 (three) Business Days of demand of the above, make good
such payment to the Lender accordingly.

20. DISPUTE RESOLUTION AND GOVERNING LAW

a. In the event of any disputes or differences arising out of interpretation or
implementation of this Agreement, such disputes shall be referred to a sole arbitrator to
be appointed by the Lender.
b. This Agreement shall be governed, construed, interpreted and given effect to
according to the laws of India.

c. Subject to Clause 13 (a) above, the courts in “Chennai” shall have exclusive
Jurisdiction to try and entertain any matter arising from this Agreement.

21. STAMP DUTY

The Borrower shall bear and pay all applicable stamp duties payable in respect of the
Loan Agreement.

22. MISCELLANEOUS

Severability
If any term, provision, covenant or restriction of this Agreement is held by a court of
competent jurisdiction to be invalid, void or unenforceable, the remainder of the terms,
provisions, covenants and restrictions of this Agreement shall remain in full force and
effect and shall in no way be affected, impaired or invalidated.

Waiver
The failure, with or without intent, of any Party hereto to insist upon the performance by
the other Party, of any term or stipulation of this Agreement, shall not be treated as, or
be deemed to constitute, a modification of any terms or stipulations of this Agreement,
nor shall such failure or election be deemed to constitute a waiver of the right of such
Party, at any time whatsoever thereafter, to insist upon performance by the other, strictly
in accordance with any terms or provisions hereof.

Assignment
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 The Lender shall at any time, without any consent of or notice to the Borrower be
entitled to securitize, sell, assign, discount or transfer all or any part of the Loan, the
Lender'’ rights, interest, and obligations under/in relation to the Loan, this Agreement, to
any person(s) and in such manner and on such terms as the Lender may decide,
including (but not limited to) by reserving the right to retain the power hereof to proceed
against the Borrower on behalf of the purchaser, assignee or transferee. Any such sale,
assignment, securitization or transfer shall conclusively bind the Borrower and all other
persons, such Borrower shall perform and be liable for their obligations to such assignee
or transferee or any person claiming on their behalf or through the Lender as the case
may be. The Borrower shall not be entitled to directly or indirectly assign or in any
manner transfer, whether in whole or part, or create any third-party interest in favor of
any person in any manner whatsoever on, any rights, benefits or obligations under/in
relation to the Loan or this Agreement.

Entire Agreement
The Parties hereto confirm and acknowledge that this Agreement shall constitute the
entire agreement between them and shall supersede and override all previous
communications, either oral or written, between the Parties with respect to the subject
matter of this Agreement, and no agreement or understanding varying or extending the
same shall be binding upon any Party hereto unless arising out of the specific provisions
of this Agreement.

IN WITNESS WHEREOF the parties hereto have caused these presents to be

executed on the day and year first hereinabove mentioned in the manner
hereinafter appearing.

SIGNED AND
DELIVERED
by the within named
Borrower
Mr / Ms. DINESH
Time: 2024-05-30 06:24:54
I M E I / I P :
7b6f6d02e4d26e4f ] (click
wrap)

SIGNED AND
DELIVERED
by the within named
Lender
Through its Authorised Signatory)
)

in the presence of:

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 SCHEDULE A

1. DATE OF EXECUTION OF THIS AGREEMENT

This Agreement is executed at DHAULPUR on the 30 day of May, 2024.

2. DETAILS OF THE BORROWER

DINESH aged 23 years S/o / W/o Mr Ramvilash residing at S/O RAMVILASH

MAHATMA NAND KI BAGICHI PURANA SHAHAR DHAULPUR DHOLPUR RAJASTHAN 328001,
having PAN: GZUPD7328P

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 SCHEDULE B

SCHEDULE B

Anchor Name As per approved list

Purpose of the Facility Business Expansion / Working Capital

Type of Facility if Business Loan

Nature of Facility Revolving Credit

Approved Credit Limit An amount not exceeding INR 35000.00/- (Indian Rupees
Thirty Five Thousand only)

Interest Rate (To be calculated Nil per annum or as maybe communicated from time to time
from the date of through official communication through e mail, mobile
disbursement till repayment)
messages on mobile number registered with MFL.
For the first 7/14 (as applicable based on supplier) days of tranche tenor
the interest shall be under subvention by anchor and repayment must be
done within the mentioned time frame. Beyond subvention period
mentioned interest rate shall get applicable. Also if tranche period is over
along with interest the late payment penal charges shall further get
applicable.

Tenure of the Facility 36 months

Tenure of each Tranche Upto 14 Days
Disbursement of each As communicated at the time of disbursal through anchor
Credit Facility Amount platform or MFL platform
Repayment of each Within the tranche tenure as specified in the tranche tenure
Facility Amount

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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Schedule of Charges a) Processing Fee: For a new / renewal / enhancement
Facility: To be paid in the form of processing charges to the
MFL along with applicable taxes
b) Prepayment Charges/Foreclosure Charges: Nil
c) Penal Charges: Upon the occurrence of an Event of
Default as mentioned in loan agreement, the Borrower
shall, in addition to the original interest, become liable
to pay an penal charges at 36% per annum on the
defaulted amount for defaulted period along with
applicable taxes.
d) Nach / Cheque bounce charges - Rs 500/- shall be
chargeable along with applicable taxes.
e) Late Fee Charges: Flat 1.4% on the overdue amount
along with applicable taxes.
f) Legal Charges: As may be communicated by MFL along
with applicable taxes.
g) Other Charges: As communicated by MFL, from time to
time. Charges along with applicable taxes to be charged and
collected as per sole discretion of Lender.

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 SCHEDULE C

Description of Hypothecated Assets

The whole of the movable properties of the Borrower including the household
articles, stock in trade and other current assets, both present and future, whether
now lying loose or in cases or which are now lying or stored in or about or shall
hereafter from time to time during the continuance of the security of these
presents be brought into or upon or be stored or be in or about all the Borrower's
premises, factories, premises and godowns or wherever else the same may be
or be held by any party to the order or disposition of the Borrower or in the
course of transit or on high seas or on order, or delivery, howsoever and
wheresoever in the possession of the Borrower and either by way of substitution
or addition.

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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Key Fact Statement / Fact Sheet
Date: May 30, 2024
Name of the Regulated entity: Muthoot FinCorp Limited

Loan Applicant: Retelar

Borrower:
DINESH
Interest Rate Nil

Processing Fees Nil

*Processing fee shall be retained and is non-refundable in
any of the events (even if borrower exits the loan during
cooling-off period).

Sl. No. Parameter

(i) Original Sanction Limit (in Rupees) 35000.00

(ii) Increased Sanction Limit (in Rupees) 0
(iii) Aggregate Sanction Limit (in Rupees) (sum of (i) and (ii)) 35000.00
(iv) Total interest chargeable during the entire tenor of the Nil
loan (in Rupees)

For the first7/14 days of tranche tenor the interest shall

be under subvention by anchor and repayment must be
done within the mentioned time frame. Beyond
subvention period mentioned interest rate shall get
applicable. Also, if tranche period is over along with
interest the late payment penal charges shall further
get applicable.
(v) Other up-front charges, if any (break-up of each component Nil
to be given below) (in Rupees)
(a) Processing fees, if any (in Rupees) Nil
*Processing fee shall be retained and is non-refundable in
any of the events (even if borrower exits the loan during
cooling-off period).
Nil
(b) Insurance charges, if any (in Rupees)
-
(c) Others (if any) (in Rupees) (details to be provided)
(vi) Net disbursed amount (in Rupees) 35000.00
(vii) Total amount to be paid by the borrower (sum of (iii), (iv) and 35000.00
(v)) (in Rupees)
(viii) Annual Percentage Rate (APR) - Effective annualized interest Nil
rate (in percentage) (computed on net disbursed amount
using IRR approach and reducing balance method)
(ix) Tenor of the Loan (in months/days) 36 Months

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

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(x) As per applicable drawdown
Repayment frequency by the borrower tenure
(xi) As per applicable drawdown
Number of instalments of repayment tenure
(xii) Amount of each instalment of repayment (in Rupees) NA

(xiii) a) Processing Fee: For a

new / renewal / enhancement
Facility: To be paid in the form
of processing charges to the
MFL along with applicable taxes
b) Prepayment
Charges/Foreclosure Charges:
Nil
c) Penal Charges: Upon
the occurrence of an Event of
Default as mentioned in loan
agreement, the Borrower
shall, in addition to the
original interest, become
liable to pay an penal charges
at 36% per annum on the
defaulted amount for
Other contingent charges (if any) defaulted period along with
applicable taxes.
d) Nach / Cheque bounce
charges - Rs 500/- shall be
chargeable along with
applicable taxes.
e) Late Fee Charges: Flat
1.4% on the overdue amount
along with applicable taxes.
f) Legal Charges: As may
be communicated by MFL along
with applicable taxes.
g)Other Charges: As
communicated by MFL, from
time to time. Charges along with
applicable taxes to be charged
and collected as per sole
discretion of Lender.
Other disclosures
(xv) Cooling off/look-up period during which borrower shall 3 days from the date of loan
not be charged any penalty on prepayment of loan disbursement
(xvi) Arthashastra Fintech Private
Limited, 94 - 3G Kalpataru Aura,
LBS Marg, Ghatkopar West,
Details of LSP acting as recovery agent and authorized Mumbai-400086
to approach the borrower Grievance Redressal Officer :
Pranesh Acharya
Email-ID:
[email protected]

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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(xvii) Name: Julia Mathew
Designation: Grievance
Redressal Officer
Name, designation, address and phone number of Address: Muthoot FinCorp Ltd.,
nodal grievance redressal officer designated by Muthoot Centre, Punnen Road,
Muthoot Fincorp Limited specifically to deal with Trivandrum – 695001
FinTech/ digital lending related complaints/ issues Contact No.: 0471- 4911626
E m a i l - I D :
[email protected]
Assumptions:
1 Interest amount has been calculated, assuming 100% utilisation of Sanctioned limit from
day one and for the Tenor of the Facility. Interest shall be chargeable only for the period
for which facility utilisation is done and to be calculated from the date of disbursement till
repayment.
2 Processing Fees has been calculated, basis on Original Sanction Limit / Increased
Sanction Limit

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 SANCTION LETTER

Dear DINESH ,
It brings us immense pleasure to inform you that your loan application under the product
"BNPL" has been accepted.

1 Loan Application Date and Number : May 30, 2024 , 2613384

2 Details of Borrower : Retelar (DINESH )
3 Loan amount : 35000.00
4 Nature of Facility : Revolving Credit
5 Purpose of the Facility : Business Expansion / Working Capital
6 Tenure of Facility : 36 Months
7 Tranche Tenure As per applicable drawdown with respective
anchor
Nil per annum or as maybe communicated from
time to time through official communication
through e mail, mobile messages on mobile
number registered with MFL.
For the first 7/14 (as applicable based on
supplier) days of tranche tenor the interest shall
8 Rate of Interest :
be under subvention by anchor and repayment
must be done within the mentioned time frame.
Beyond subvention period mentioned interest
rate shall get applicable. Also if tranche period
is over along with interest the late payment
penal charges shall further get applicable.
9 Processing fee : Nil
10 Repayment : Based On The Tranche Due
11 Monthly Instalment Amount : Bullet Payment
12 Prepayment charges : Nil
13 Annual Percentage Rate (APR) : Nil
14 Documentation : As Per MFL Policy Process
15 Loan Disbursement : Based on drawdown request

16 Pre-EMI Component : NA

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 17 Cooling off/look-up period during : 3 Days from the date of disbursement
which borrower shall not be charged
any penalty on prepayment of loan
(In case of Business Loan this is
applicable on first drawdown)
18 Penal Charges (Applicable in case of : 36% per annum along with applicable taxes
default on the overdue amount)
19 Late Fee : Flat 1.4% on the overdue amount along with
applicable taxes.

We wish to sanction the loan for the product/services sought by you based on the terms and
conditions as specified under this Sanction Letter:

TERMS AND CONDITIONS:

Please note the following terms and conditions pertaining to the loan to be availed by the
Borrower that require further attention.
Lender
Muthoot FinCorp Limited (operating under brand name "MFL") shall, for the purpose of this
letter, be deemed as the lender.

Mode of Repayment
Repayment will be via e-NACH/DDM/SI/Cheque, UPI, Cash and as decided by the company
from time to time.
Disbursal
The Borrower shall be entitled to request a disbursement of the Credit Facility based on the
sanction for the purchase of product/ services. MFL shall have the right, to refuse
disbursement of the Loan.

Cooling off Period

Cooling off period is a period during which the borrowers can exit digital loans by paying the
principal and the proportionate annualized percentage rate (APR) without any penalty.

Billing Cycle
Billing cycle is based on the tranche due date.

Classification as Special Mention Account (SMA) and Non-Performing Asset (NPA):

In case, the Borrower fails to repay Outstanding Amount on the relevant Due Date, the
Borrower’s loan account shall be classified as Special Mention Account (“SMA”) / Non-
Performing Asset (“NPA”), in accordance with the extant RBI regulations. An illustration of
such classification is as follows:
SMA 0 - If due date of a loan account is 31st March, 2021, and full dues are not
received on this date, the account shall be SMA 0 on day end of 31st March, 2021.
SMA 1 - If the account continues to remain overdue, then this account shall get tagged
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 as SMA-1 upon completion of 30 days of being continuously overdue i.e. 30th April,
2021.
SMA 2 - If the account continues to remain overdue, it shall get tagged as SMA-2 on
30th May, 2021
NPA – If the account continues to remain overdue further, it shall get classified as NPA
on 29th June, 2021
Applicable Charges
1. Processing Fee: For a new / renewal / enhancement Facility: To be paid in the form of
processing charges to the MFL along with applicable taxes.
2. Prepayment Charges/Foreclosure Charges: Nach / Cheque bounce charges - Rs 500/- shall
be chargeable along with applicable taxes.
3. Penal Charges: Upon the occurrence of an Event of Default as mentioned in loan
agreement, the Borrower shall, in addition to the original interest, become liable to
pay an penal charges at 36% per annum on the defaulted amount for defaulted
period.
4. Legal Charges: As may be communicated by MFL along with applicable taxes.
5. Other Charges: As communicated by MFL, from time to time. Charges along with applicable
taxes to be charged and collected as per sole discretion of Lender.

Processing and Documentation Handling

Charges

Description NA
Amount Sanctioned 35000.00
Tenure 36months

Sanction Conditions
1. Loan agreement execution & disbursal is subject to satisfactory verification of original
KYC documents and based on lender underwriting norms
2. Successful NACH/e-NACH/DDM/e-DDM/SI registration

Customer Support
In the case of any queries or assistance required, you can write to us at
[email protected] or call us at 1800 1021616
For details on our Grievance Redressal Mechanism please refer to Key Fact Statement
having GRO details and also to the link - https://www.muthootfincorp.com/regulatory-and-
compliance/
Important Links
Please refer to our policy on Interest rate model available on MFL website -
https://www.muthootfincorp.com/
Link to Privacy Policies:

Muthoot Fincorp Limited - https://www.muthootfincorp.com/privacy-policy/

Spocto Solutions- https://spocto.com/wp-content/uploads/2023/03/privacy-policy.pdf
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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Moshpit Technologies Private Limited (Finbox) - https://finbox.in/about/privacy-policy/
Muthoot Fincorp One - https://muthootfincorpone.com/privacy-policy
Teal https://www.tealindia.in/privacy-policy
Awign https://www.awign.com/privacy_policy
Epaylater - https://www.epaylater.in/privacy.html

Legal
a) The grant of the loan by Lender shall be governed by and, be subject to, the terms of
the said Loan Agreement executed between the Lender and the Borrower. This
Sanction Letter forms part of the Loan Agreement accepted by you and constitutes the
Credit Facility Schedule specified under the Loan Agreement. It is clarified that in the
event of a conflict between one or more terms of this sanction letter and the Loan
Agreement, the terms of the Loan Agreement or the applicable law shall prevail to the
extent of such conflict.
b) There is no obligation created on the Lender to advance the sanctioned loan to the
Borrower until the Loan Agreement has been executed and all the terms of such Loan
Agreement are fulfilled by the borrower.
c) Lender shall be at liberty to novate & assign, without the consent of the Borrower, the
whole of or any part of the loan, including all rights, benefits and interests thereunder, to
any other third party, in accordance with applicable law.
d) This sanction is liable to be revoked and/or cancelled without any notice, if there are
material changes in the Borrowers financial position, or any material facts concerning
the Borrowers profile, business or profits have been withheld, suppressed, concealed, or
are found to be incorrect or untrue.
e) Except to the extent disclosed to MFL, 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
MFL 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 my/our concern or my/our subsidiary or holding
company.

Terms and Conditions of Recovery Mechanisms

1. The Debt Recovery Agent (DRA) must identify himself/herself as a representative of
MFL and should always inform to the customer or his appointed representative or
blood relatives at the beginning of every interaction.
2. Customers are to be treated with dignity. DRA’s should always remain a professional
during telephone conversations and visits
3. The DRA is strictly prohibited from making telephone calls without meaningful
disclosure of the caller’s identity. No written or verbal threats, abuse or rudeness is
permitted. Collection staff/Agent should use only acceptable business language even
if the other party does not follow the same.
4. DRA being responsible persons, deserves to be treated with dignity. They may refer
the customer to management or end calls when a customer becomes abusive or

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

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 threatening. Customers should be informed prior to termination of such calls. All calls
where the customer becomes abusive or threatening should be appropriately
documented.
5. Either customer should be contacted at the address registered with Bank or at his /
her business /occupation address or place of residence. Only if the customer is
unavailable at any of such places, then he/she should be contacted at such places
and at such times as the customer is actually present / available or can be traced to.
6. DRA should as far as possible use the language which the customer is comfortable
with.
7. Customers are entitled to privacy and the DRA should respect this right.
8. DRA should ensure that all written and verbal communication with its borrowers will
be in simple language understandable to them.
9. Customers should be called between 7:00 Hrs and 19:00 Hrs unless the special
circumstance of borrowers business or occupation or other engagements requires the
bank to contact him/ her at a different time. Customer requests to avoid calls at a
particular time or at a particular place should be honoured as far as possible.
10. DRA should endeavour to answer customer’s queries and render assistance to
resolve issues.
11. DRA will document the efforts made for the recovery of dues and the copies of
communication if any sent to the customers will be kept on record
12. Inappropriate occasions such as bereavement in the family or such other
calamitous occasions will be avoided for making calls/ visits to collect dues.
13. Giving notice to borrowers / Repossession of security: While written
communications ,telephonic reminders or visits by the Lender’s representatives to the
borrowers place or residence will be used as loan follow up measures , the DRA will
not intimate any legal or other recovery measures including repossession of security
without giving due notice in writing .DRA will deliver written notices or proceed with
the repossession of security only after being duly authorised by the Lender at
appropriate levels .Repossession of security will be strictly done in accordance with
the laid down process and as per the bank’s Policy on Collection of Dues and
Security Repossession.

SIGNED AND DELIVERED

by the within named
Borrower
Mr / Ms. DINESH
Time: 2024-05-30 06:24:54
IMEI/IP: 7b6f6d02e4d26e4f ]
(click wrap)

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

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 APPLICATION FORM

A. Application Details
*Name of the
Mr./Ms. DINESH (Retelar )
Applicant
*Gender male *Date of Birth 24-04-2001

*Age 23 *Marital Status

*Address Retelar Mhatma nand ki bagichi , Dholpur Division, RAJASTHAN, 328001, India
*State RAJASTHAN

*City DHAULPUR *Pin code 328001

Telephone *Mobile 8742895249
*Proof of Identity – Applicant
PAN Voter ID Driving License Passport Aadhar Card
Identity Proof Issue / Expiry
Details Date Enter Date in DD/MM/YYYY format
(if any)
*Proof of Address – Applicant
Voter ID Driving License Passport Aadhar Card

B. Co-Applicant Details
*Name of the Co- Mr./Ms.
Applicant
*Gender Male Female *Date of Birth Enter Date in DD/MM/YYYY format

Relationship with
*Age applicant

*Address
*State
*City *Pin code
Telephone *Mobile
*Proof of Identity – Co-Applicant
PANVoter ID Driving License Passport Aadhar Card
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
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 Identity Proof Issue / Expiry
Details Date Enter Date in DD/MM/YYYY format
(if any)
*Proof of Address – Co-Applicant
Voter ID Driving License Passport Aadhar Card
Address Proof Issue / Expiry
Details Date Enter Date in DD/MM/YYYY format
(if any)
C. Proof of Business - Applicant

Business Proof Business Proof

submitted: BUSINESS REGISTRATION CERTIFICATE Details:

Constitution of
Type of Business Business - Wholesale/Retail Trading Proprietorship
Business
I hereby declare that I have the following assets in my name.
Sl.No Nature Of Item Value
1. Stock
Total

D. Loan Amount
Loan Amount Applied for INR RS 35000.00/-
Purpose of Loan Business Expansion / Working Capital

Terms and conditions

1. I/We hereby request you to grant me/us a credit line facility as mentioned above,
against the security of hypothecation of stock to enable us to meet the expenses in
connection with the conduct of business.
2. We certify that the information provided by us in this application form is true in all
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
www.muthootfincorp.com I www.muthootblue.com |
www.muthootfincorpone.com
 respects and that this shall form the basis of any facility / service that the Muthoot
FinCorp Limited (the Lender) may decide to grant to us at its sole discretion.
3. We also understand that the Lender reserves the right to seek any information from
any source or to give any information and /or assign any work to any third party at its
sole discretion.
4. We further agree that the facility that may be provided to us shall be governed by the
internal policy and rules of the Lender in force from time to time. We will be bound by
the terms and conditions of the facility that may be granted to us.
5. We are aware that Lender/ its LSPs/ agents may contact me/us through
telecall/SMS/email in connection with my/our loan request. I/We authorize the Lender
to disclose from time to time any information relating to my/our facility(ies) to any
parent/subsidiaries & associate of the Lender and to LSPs/ third party (ies) engaged
by Lender.
6. We agree that in case of non-payment of dues, against any credit facility availed
from the Lender and consequently the account is to be classified as NPA, all other
loan accounts of the Borrower, with the Lender also shall be classified as NPA as per
the guidelines issued by RBI and it shall entitle the Lender to recall all such
loans/facilities availed by the same customer from the Lender, irrespective of the
regular repayment in such accounts.
7. We understand that as a pre-condition, relating to grant of the facility to us, the
Lender requires our consent for the disclosure by the Lender of information and data
relating to us, the credit facility availed of/to be availed of in relation thereto and
default, if any, committed by us, in discharge thereof. Accordingly, we hereby agree
and give consent for the disclosure by the Lender of all or any such information and
data relating to us, the credit facility availed of/to be availed of in relation thereto and
default, if any, committed by us, in discharge thereof, as the Lender may deem
appropriate and necessary, to disclose and furnish to the Credit Information
Companies [CIC], and any other agency authorised in this behalf by Reserve Bank of
India [“RBI”].
8. We declare that the information and data furnished by us to the Lender are true and
correct.
9. I/We hereby declare that I/We am/are not defaulter(s) to any Bank/Financial
Institution.
10. We undertake that CIC and any other agency so authorized may use, process the
said information and data disclosed by the Lender in the manner as deemed fit by
them; and CIC and any other agency so authorized may furnish for consideration, the
processed information and data disclosed or products thereof prepared by them, to
Bank's/ Financial Institution's and other Credit Grantors or Registered Users, as may
be specified by the RBI in this behalf.
11. We confirm that the enclosed copies of financials / Bank Statements/ Title / Legal
and other documents etc. are submitted by us against our loan application and are
MUTHOOT FINCORP LIMITED
Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
www.muthootfincorp.com I www.muthootblue.com |
www.muthootfincorpone.com
 true copies.
12. We understand that charges if any, paid to the Lender towards processing fees are
non-refundable and upon the application being withdrawn by us or being rejected by
the Lender for any reason whatsoever in the pre-sanction or post-sanction stage , we
will not be entitled to any refund either in part or in full.
13. We understand that all charges pertaining to the loan including the Processing fees,
prepayment penalty, etc. are to be borne by us. We further understand that the
relevant Stamp Duty, Legal Expenses, Valuation Expenses, expenses pertaining to
creation of charges with ROC, charges for documentation and any other out of pocket
expenses as per actuals will be borne by us.
14. We understand that disbursement will be subject to production of mandatory
documents prescribed and required by the Lender from time to time, satisfactory
completion of Lender's appraisal and documentation process and compliance with
Lender's laid down policy/norms.
15. The proceeds of the facility shall not be used for investment in small savings
schemes, capital market, purchase of gold in any form including primary gold,gold
bullion, gold jewelry, gold coins, units of gold ETF and mutual funds.
16. We confirm that we shall utilize the said Credit Facility only for the purposes of
Business as mentioned above.
17. Muthoot FinCorp Ltd will endeavor to convey its decision within 2 working days
from the date of receipt of the application provided the application is complete in all
respects along with all the documents as per 'check-list' provided in the application for
loan and/or any additional documents as may be required by the Lender for proper
appraisal of the application.

Further, we confirm following:

a) No suit is pending in any court of law against the applicant or co-applicant.
b) I hereby declare that the details furnished above are true and correct to the best of
my/our knowledge and belief and I undertake to inform you of any changes therein,
immediately. In case any of the above information is found to be false or untrue or
misleading or misrepresenting, I/We am/are aware that I/we may be held liable for
it.
c) My personal / KYC details may be shared with Central KYC Registry
d) I hereby consent to receiving information from Central KYC Registry through
SMS/Email on the above registered number/email address.
e) I/we Authorize Lender to verify and authenticate my/ our Aadhaar number during
processing my/our application for legitimate business purposes. I/We authorize the
Lender to share my Aadhaar related details /information with regulatory/ statutory
bodies as and when required.
f) I/we authorize Lender to Verify/Authenticate my/our KYC OVDs/Aadhaar
number/loan documents during processing my/our loan application through third
party agencies digitally/physically for legitimate business purposes.

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
www.muthootfincorp.com I www.muthootblue.com |
www.muthootfincorpone.com
For any grievances please reach out to us at [email protected]
You can find out more about how we process your personal data, by reading our Customer
Privacy
Policy available online at https://www.muthootfincorp.com/privacy-policy/

Place: DHAULPUR Date: May 30, 2024

Signature:
Applicant Name:
DINESH (Retelar )
Date: May 30, 2024
Time: 2024-05-30 06:24:54
IMEI/IP: 7b6f6d02e4d26e4f ](click wrap)

MUTHOOT FINCORP LIMITED

Regd. Office: Muthoot Centre, TC No 27/3022- 7 Punnen Road, Trivandrum,
Kerala - 695 001, CIN: U65929KL1997PLC011518, Ph: +91 471 4911400,

2331427 E: [email protected]
www.muthootfincorp.com I www.muthootblue.com |
www.muthootfincorpone.com