Form No.

:1070115339

Sourcing Channel g
c Branch
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f c DST
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g c DSA
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g c PBK
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g c Web
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g c Referral Sales
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g b Other Channel (Specify)
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g NET

Source 1 Source 2 NET Source 3 Source 4

Branch Code 2906 LTS/CRMN No. Sales Promo Code NETSTP LG Code N8702

SM Emp Code S20377 SE Code V12246 DSA/DDSA Name HBL-BRANCH

ASM Emp Code TSE Code DSA/DDSA Vendor Code

Dealer SE Code
RSM Emp Code TL Code

CUSTOMER SECTION (to be filled by the Customer in CAPITAL LETTERS)

I Wish to apply for below ticked ()loan and request you to process the loan application as per details provided in the form Application date 17/12/2019

b New Car Loan g

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g c New Two Wheeler Loan g
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f c Used Car Loan g
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f c Used Two Wheeler Loan
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Existing Customer Cust Id 69542744 Saving/Current A/C no. 50100163686821 Loan no. 1070115339

A. PERSONAL DETAILS (Leave space between two words)

Title b Mr.
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g c Ms.
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g c Dr. g
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g b Applicant g
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f Co-Applicant c
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g Guarantor PAN No. GHAPK5225A

Applicant Name AMIT KUMAR

Father's/
Husband'Name
Date of Birth/Incorporation 26/05/1989 Gender M Status g
b Single g
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f c Married
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f No.of Dependents
SC g ST
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f c
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Education Details g
c Undergraduate g
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f c Graduate g
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f c Post Graduate & above g
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f c Others
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f Religion OBC f
g Other g
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e b
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Present Address S/O KARTAR SINGH GUNIYALA DALHOUSIE T DALHOUSIE CHAMBA

Residence) HIMACHAL PRADESH
Landmark Years at current city
City DALHOUSIE PIN Code 176304 Years at current residence
State HIMACHAL PRADESH Country INDIA Aadhar Card No.
Tel (R/0) - Mobile no. 9805753169
e-mail ID [email protected]
Present Address is g Owned
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f g Parental
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f g Company provided
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f g Rented(Month Rent in Rs.
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b Tick if permanent address is same as above

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Permanent/Alternate S/O KARTAR SINGH GUNIYALA DALHOUSIE T DALHOUSIE CHAMBA

Address
(Residence / Regd HIMACHAL PRADESH
Office)
Landmark
City DALHOUSIE PIN Code 176304
State HIMACHAL PRADESH Country INDIA Voter ID Card No.
Tel (R/0) - Mobile no. 9805753169
 Application is submitted on-line by the customer using his/her NetBanking cust ID and password on 17/12/2019 at 04:01 PM through IP Address 169.149.237.141 .

Form No.:1070115339

B. OCCUPATIONAL DETAILS

Occupation c Salaried g
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g b Self employed g
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f c Self employed professional g
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f c Retired g
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f c Housewife g
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f c Student g
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f c Other
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f

Type of company c Pvt ltd. g

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g c Partnership g
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f c Proprietor g
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f c Public Ltd. g
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f c Retailers g
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f c PSU g
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f c Govt. g
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f c MNC g
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f c Other
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If Salaried
Type of industry OTHERS

Employer / Business Details Designation Exp in Current Job/Business Yrs Months

Company/Employers Name K S TANDON
Employment Address GANDHI CHOWK DALHOUSIE
DISTRICT CHAMBA

Landmark
City DALHOUSIE PIN Code 176304
State HIMACHAL PRADESH Country INDIA
Tel(o) -
Official e-mail ID
Preferred Mailing Address g
b Current Residence g
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f c Current Office
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C.INCOME AND BANKING DETAILS

Monthly Salary /- A/C no. 50100163686821 Existing Loan Details

Bank name HDFC Bank 1) Bank / Co. name
Annual turnover
Branch 2300 Loan type
Net Profit
Cust ID Amount (1) EMI(1)
Other income c Rental
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g c Agricultural
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g 69542744
Source Tenure Start date
Account type
c Other
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g Credit card no. Loan a/c no.

Interested in opening HDFC Bank Account Issuing Bank 2) Bank/Co. name

c Yes g
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g c No
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f Loan type

Amount (2) EMI(2)

Tenure Start date

Loan a/c no.

D. LOAN DETAILS - CUM - KEY FACT STATEMENT INCLUDING SCHEDULE OF CHARGES

Purpose of loan fg Home renovation g

c
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e c Marriage g
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f c Education g
c Travel g
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f c Business expansion g
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f c Agriculture/Farming g
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f c Transportation of Agri Produce
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b Other
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Loan Amount(Rs.) Rs. 1449000/- Loan Tenure 60 Months EMI (Rs.) Rs. 29798/-
No.of Advance EMI 0 Scheme
Asset Make INNOVA CRYSTA Model INNOVA CRYSTA GX Dealer ANAND AUTO CARE PVT LTD
Invoice Price Rs. 1610000/- Margin Money Rs. Rs. 161000/-
Usage : b Personal g
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g c Commercial
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f c Top Up
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1) Stamp Duty: At actual as per applicable law. 2) Interest rate of (subject to changes as per Terms and Conditions/ Agreement) 8.60% p.a. (monthly reducing). 3)
Processing Charges of Rs. 1180/- 3(a). Govt Taxes & Levies on PF 18% 4) Cheque/SI/ECS return charges (without prejudice to the civil and criminal rights and remedies of
the Bank for the dishonor) : Rs.550/- + Govt Taxes & Levies/- Per instance 5) Default Interest / Overdue EMI Interest : 2% per month from unpaid EMI (For Two Wheeler 2.50%
Per Month from unpaid EMI) 7) PDD Collection charges : Rs. 450/- + Govt Taxes & Levies for Auto Loan and for Two Wheeler upto Rs.450/- + Govt Taxes & Levies 8) Legal,
repossession and Incidental Charges: At actual 9) Duplicate Amortization/ Repayment Schedule: Rs. 200/- 10) Cheque/ECS swapping Charges : Rs. 500/- 11) Loan
Rebooking and Reschedulement Charges Rs.1000/- 12) Date on which annual Outstanding balance statement will be issued: 31st May13) Loan Cancellation Charges:
NIL. Interest would be charged for the interim period between date of disbursement and date of loan cancellation. 14) Duplicate NOC/ LPG/ CNG NOC / Duplicate No due
certificate /Special NOC Rs Rs.500/- per instance.
Note: Visit http://www.hdfcbank.com for detailed fees and charges under the respective loan product.
Changes in charges from time to time are updated on bank's website.
New Car Loan
Type of Loan
Salaried/Self Employed

Due date of EMI 5/7th

Prepayment not allowed up to payment of 6 Months
Prepayment Charges 7-12 Months of EMI Repayment- 6%
[on Principal Outstanding] 13 to 24 Months of EMI Repayment- 5%
>24 Months of EMI Repayment- 3%
Applicable Govt Taxes & Levies will be charged on Prepayment Charges
 Application is submitted on-line by the customer using his/her NetBanking cust ID and password on 17/12/2019 at 04:01 PM through IP Address 169.149.237.141 .

Form No.:1070115339

E.ADDITIONAL DETAILS

Vehicle Owned : Manufacturer : TOYOTA KIRLOSKAR MOTORS Model: INNOVA CRYSTA GX Bought in Yr. Financed
INDIA LTD.
Other Items: g
c LCD/LED g
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f c Microwave g
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f c Home theatre g
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f c Washing machine g
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f c Modular Kitchen g
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f c Smartphone
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f c AC
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g c Laptop/Tablet
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Wish to Apply for: c Insurance
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g c Mutual fund
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g c Credit card
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g c Saving/Current a/c
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g c FD/RD
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g c Advisory/Treasury
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g c Loan
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PERSONAL REFERENCE (Name & address of refrence living in the same city)

1) Name 2) Name

Relationship with applicant Relationship with applicant

Residential address Residential address

City State City State

PIN Mobile no. Landline no. PIN Mobile no. Landline no.

c Relationship with other bank

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g Applicant is a directorof any Bank or is a Firm in which any director is Nature of Relationship:
intterested as partner / guarantor or is a relative of directors of other
banks or is a form in which relatives of directors are interested as partner
or director.

Applicant is a Director/Sr. Officer / relative of director or Sr. Officer of the

c Relationship with Financing bank
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g Bank.

F. PRIORITY SECTOR CATEGORY (important: if applicant belongs to any of the below category, pls tick the box) (Bank Copy)

c Direct Agri (Agriculturist/Farmer/Agri allied activities like, dairy farming,poultry farming,fishery,bee-keeping ect)
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Land (acres) Location: Pin Code

c Indirect Agri: Service units like trader / dealer in fertilizers / seeds / pesticides / cattle feed / poultry feed / agri equipment or machinery, dealer of tractors or contracting
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tractors / borewells etc.

c Manufacturing enterprises
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g c Manufacturing unit with investment in plant & machinery g
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g c Manufacturing unit with investment in plant & machinery
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upto Rs. 5 Lakh > Rs. 5 Lakh to Rs.25 Lakh
c Manufacturing unit with investment in plant & machinery
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g Value of investment (Rs.)
> Rs. 25 Lakh to Rs. 5 Cr CC Limit(Rs.)

c Service enterprises:(Professional / Nor

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g c Service unite with investment in equipment upto Rs. 2 g
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g c Service unit with investment in equipment > Rs. 2 Lakh
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Professional / SRTO / Trade/ Retail Trade) Lakh to Rs. 10 Lakh
c Service unit with investment in equipment > Rs. 10 Lakh Value of investment (Rs.)
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to Rs. 2 Cr

c Khadi & village industries (KVI Sector)

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Declaration: I/we hereby declare/confirm that the vehicle purchased/ to be purchased / loan availed / to be availed by me/us shall be used

c For the purpose of Agriculture and/or assist the transport of agriculture input and farm product.
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c For the purpose of Business : I / We are aware that it is on the faith of this representation, declaration and confirmation that you have agreed to consider my loan
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application for financial assistance under the category of Priority sector advances. I / We shall indemnify the bank to make the loss of good in the event of any loss or
damage that may arise on account of false / incorrect declaration by me / us.
 Application is submitted on-line by the customer using his/her NetBanking cust ID and password on 17/12/2019 at 04:01 PM through IP Address 169.149.237.141 .

Form No.:1070115339

G. DOCUMENTS SUBMITTED

I / we confirm having submitted the following documents (ticked below) along with this loan application form to the Bank
Application Form b
c
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g 17/12/2019
Photograph (signed across) c
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Latest 3 months Bank Statement (Where salary income is credited) c
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Latest 2 salary slip / Salary Certificate / Form 16 (if applicable) c
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Proof of Continuity current job (Specify) c
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Proof of identity (Specify) c
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Proof of Residence (Specify) c
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Proof of Qualification (Specify) c
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Loan Account Statement for Balance Transfer / Balance Transfer & Top up /
Repayment / Retention cases c
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New Car Loan Agreement b
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g 17/12/2019
Signature Verification c
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ECS / Auto Debit Mandate c
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Post dated cheques (PDC) ( nos) c
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Security post dated cheques ( nos) c
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H. MOST IMPORTANT TERMS AND CONDITIONS AND DECLARATION BY THE CUSTOMER

I/We agree and confirm:

1. To the applicable schedule of charges, fees, commissions including the key facts informed to me by HDFC Bank Ltd. (Bank) and as more particularly mentioned in
the "Schedule of Charges" of this Application.
2. That the bank's representative/ staff will not receive any payment in cash/ bearer cheque or kind along with or in connection with this loan application from me/ us.
3. That no discount or free gift or any other commitment whatsoever is given to me/ us by the Bank or any of its authorized representative(s) other than what is not
documented in this application form the Terms and Conditions/ Agreement pursuant to the Loan.
4. The Bank shall not process incomplete/ defective application form, for which if any loss or delay is caused to me/ us, I/We will not hold the Bank liable for such loss or
delay.
5. That Loan processing and disbursement will take at least 7 working days post submission of all requisite documents and information as may be required by the
Bank as per Bank's criteria.
6. That submission of loan application to your bank does not imply automatic approval by the Bank and 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. Incase of rejection, the Bank shall not
be required to give any reason.
7. That the Bank shall have the right to make disclosure of any information relating to me/us including personal information, details in relation to Loan, defaults, security,
etc 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, any third parties, any assignes/potential assignees or
transferees, who may need, process and publish the information in such manner and through such medium as it may be deemed necessary by the publisher/ 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.
8. The Bank reserves its right to reject the loan application and retain the loan application form along with the photograph, information and documents.
9. That I/ We shall furnish any additional documents as and when required by the Bank.
10. That I/ We have not taken any loan from any other bank/ finance company unless specifically declared by me/ us.
11. That there is no impediment or restriction (whether legal or judicial) against me/ us and/or our asset filed/ reported by any other bank/ financer/ bank.
12. That the funds shall be used for the purpose for which loan has been applied and will not be used for speculative or antisocial purpose.
13. I/ We do not have any existing customer ID or customer ID apart from the one mentioned above, and incase found otherwise, Bank reserves the right to consolidate
the customer IDs under a single customer ID as it may decide, without any prior notice to me/ us.
14. That the information furnished by me/ us above is true and accurate.
Other declarations:
I/We:
1. shall advise the HDFC Bank Ltd. (Bank) in writing of any change in my/ our residential or employment address.
2. hereby authorize and give consent to the Bank to disclose, without notice to me/ us, information furnished by me/ us in the application form(s)/ related documents
executed/ to be executed in relation to the facilities to be availed by me/ us from the Bank, to the Bank's other branches/ subsidiaries/ affiliates/ Credit Bureaus/ Rating
Agencies/ Service Providers, banks/ financial institutions, governmental/ regulatory authorities or third parties for information verification, credit risk analysis, or for other
related purposes that the Bank may deem fit. I/ We waive the privilege of privacy and privity of contract.
3. shall credit all sums received by you in either or all the names of this account.
4. hereby confirm having received, read and understood the terms and conditions applicable to this loan including the application form and the Terms and Conditions/
Agreement and accept the same.
5. hereby unconditionally, agree that these terms may be changed by the Bank at any time and I / We will be bound by the amended terms and conditions.
6. Confirm that I/ We are citizen of India.
I / We also confirm that the executive collecting my loan Application / Document has informed me / us :
1. that Govt Taxes & Levies is applicable and will be charged in connection with the loan.
2. all the commission/s (in the form of up front and trail commissions) payable to HDFC Bank for the insurance policy recommended to me/us.
3. In the case of loan cancellation, the applicable pro-rata interest charges on any outstanding loan amount will have to be borne by me/us. I understand that
Processing Fee, Stamp Duty are non-refundable charges and would not be waived/ refunded in case of loan cancellation or where the loan has not been disbursed.
4. That all the post-dated cheques are to be issued favouring HDFC Bank Limited A/c Mention Product Name only.
5. that loan related information like "welcome letter", "repayment schedule", "Terms and condition", "disbursal advice (as applicable to Personal Loan/ Business Loan)",
will be sent on the e-mail id mentioned by me/ us in this loan application form.
6. that I/ We can log on to HDFC Bank Net Banking (www.hdfcbank.com) to view the welcome letter and repayment schedule. I/ We may also request for a physical copy
of Welcome Letter and Repayment Schedule separately if need be.
J. DO NOT CALL REGISTRY : I understand that in case I do not wish to receive promotional information through telephone calls / email / sms on products and
services not currently availed by me, I can register for "Do Not Call" service through the Bank's website www.hdfcbank.com or through PhoneBanking or other
channels that the Bank may offer. I agree that this service will not apply to receipt of advice and information regarding products and services currently availed by
me, to help me in fully realising the benefits of the range of financial solutions designed to make my banking relationship value added and more convenient.
I/We have read and verified the entire contents of the aforesaid Loan Application Form including the information, the Most Important Terms and Conditions, the Declarations being Part A to Part J and
I/We hereby irrevocably represent, confirm and declare that all the information given thereunder are completely true and correct and further agree, acknowledge, accept and confirm the same.

Applied, Accepted, Authenticated, Signed and Delivered by the

Borrower through NetBanking using my NetBanking Customer ID
& Password, by ticking the "I agree" icon on the online
system/NetBanking/Website of HDFC Bank as well as by entering
the one time password (OTP)

Name: AMIT KUMAR Date: 17/12/2019 Place:

 Application is submitted on-line by the customer using his/her NetBanking cust ID and password on 17/12/2019 at 04:01 PM through IP Address 169.149.237.141 .

Form No.:1070115339

AGREEMENT FOR AUTO LOAN

This Agreement for Auto Loan (hereinafter referred to as this "Agreement") is made on the date and at the place mentioned in the Schedule hereunder written,

BETWEEN
1. The persons referred to as 'Borrower', in the Schedule hereunder written of the First Part;
AND
2. HDFC BANK LTD.,a corporate body having its registered Office at "HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013 and inter alia a
Lending Office in India at the address mentioned in the Schedule hereunder written hereinafter referred to as the "Bank" (which expression shall, unless it is repugnant to
the context or meaning thereof, mean and include its successors and assigns) of the Third Part.

The Borrower shall, unless it is repugnant to the context or meaning thereof, be referred hereinafter as the "Borrower".

The Borrower is hereinafter referred to as "Obligor".

WHEREAS:
A. The Borrower has/have approached the Bank to avail of a loan to be extended to the Borrower for any of the following purposes:
(a) Purchase of new vehicle along with all accessories and any incidental expenses.
OR
(b) Purchase of used vehicle along with all accessories and any incidental expenses.
B. The Borrower has also requested the Bank for being considered for grant of additional facility during the tenure of said loan as above.
C. At the request of the Borrower, the Bank has granted/ agrees to grant the First Loan, and agreed to consider the Borrower for the Additional Loan, upon the following
terms and conditions which have been duly accepted by the Borrower.

IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS UNDER:

1. DEFINITIONS
1.1 "Additional Loan" shall mean any additional credit facilities/loans/amounts (apart from the First Loan amount) aggregating to an amount not exceeding such sum
as mentioned in the Schedule hereto granted/agreed to be granted to the Borrower by the Bank in its sole and absolute discretion and subject to such further terms
and conditions as the Bank may deem fit as more particularly mentioned in clause 2.2 herein.
1.2 "Base Rate Linked Interest Rate" shall mean the rate of interest as the term has been referred in Clause 2 hereof and "Base Rate" shall have the meaning
assigned to the same in Clause 2.3.1 hereof.
1.3 "Borrower" shall mean the person referred to as 'Borrower', in the Schedule hereunder written and shall unless repugnant to the context or meaning thereof, be
deemed to: (i) in case the Borrower is a company incorporated under the Companies Act, 1956, include its successors and permitted assigns; (ii) in case the
Borrower is a partnership firm formed under the Partnership Act, 1932, mean and include the partners for the time being and the legal heirs, executors and
administrators of the last surviving partner;(iii) in case the Borrower is a sole proprietorship, mean and include the sole proprietor and his/ her heirs, administrators
and executors and legal representatives;(iv) in case the Borrower is a joint Hindu Undivided Family, include the Karta and any or each of the adult members of the
HUF and their survivor(s) and his / her / their respective heirs, legal representatives, executors, administrators and permitted assigns; (v) in case the Borrower is the
Governing Body of a Society, include the respective successors of the members of the Governing Body and any new members elected, appointed or co-opted;(vi) in
case the Borrower is a Trust, mean and include the Trustee or Trustees for the time being and from time to time thereof, as well as the beneficiaries of the said trust
for the time being and from time to time, and their successors and permitted assigns; (vii) in case the Borrower is an individual, include his/ her respective heirs,
administrators and executors; (viii) in case the Borrower is a limited liability partnership formed under the Limited Liability Partnership Act, 2008, include its
successors and permitted assigns. .
1.4 "City of Registration" shall mean the city or town where such vehicle purchased/to be purchased by the Borrower is registered or to be registered with the
Registering Authority.
1.5 "Clause" shall mean the clause in this Agreement.
1.6 "Corporation" shall mean anybody corporate constituted or incorporated under any statute.
1.7 "Documents" or "Collateral Documents" shall mean this Agreement, letter(s)/sanction letter(s) issued by the Bank in relation to the grant of any Additional Loan at
the sole discretion of the Bank and such other documents incidental hereto and / or contemplated hereby, which the Obligor has furnished to/shall furnish to the Bank
and on which the Bank has relied upon to extend the First Loan facility and/or the Additional Loan to the Borrower.
1.8 "Dues" shall mean and include all amounts due and payable by the Borrower to the Bank towards principal, interest, interest tax, default interest, Fees and
Charges, all other costs, fees, charges and expenses as may be payable in relation to the Obligor's obligations under this Agreement and the Collateral Documents.
1.9 "Electronic Clearing System" or "ECS" a debit clearing service notified by RBI, participation to which has been consented to in writing by the Borrower for
facilitating payment of Installments.
1.10 "Fees and Charges" shall mean and include processing charges, service charges, pre-payment charges, cheque bounce charges, credit assessment charges,
Overdue EMI Interest, cheque swapping charges, stamp duty and other statutory charges, legal collections, Repossession and Incidental charges, Loan
Reschedulement Charges, loan statement and other duplicate statement charges, valuation charges, asset verification charges, NOC issuance charges, non-
standard repayment charges, loan cancellation and rebooking charges, transaction fee and other fees and all other amounts receivable by the Bank hereunder and
under the Collateral Documents, but not limited to those specified herein or under the Collateral Documents.
1.11 "First Loan" shall mean the loan facility provided by the Bank in terms of clause 2.1 of this Agreement, of the amount (in terms of principal) as set out in the
Schedule as per the terms and conditions set out hereunder.
1.12 "Installment/s" or "EMI/s" shall mean the amounts of periodic payments to be made by the Borrower towards the repayment of principal and payment of interest
under the respective Loans and payable by the Borrower to the Bank monthly, bi-monthly, quarterly, half-yearly, yearly or at such other periodic intervals as specified by
the Bank in the Schedule hereunder written in case of the First Loan and in the sanction letter issued by the Bank in case of the Additional Loan.
1.13 "Overdue EMI Interest" shall mean the fees assessed for a payment delayed beyond the due date of the Installment/s and as specified in the Schedule
hereunder written, where applicable.
1.14 "Lending Office" in relation to the Bank shall mean the branch/office of the Bank, from where the Loan is disbursed.
1.15 "Loans" shall mean collectively, the First Loan facility and the Additional Loan facility, provided that nothing in this Agreement shall be construed to place an
obligation on the Bank/ an undertaking or commitment on the part of the Bank to sanction or grant to the Additional Loan to the Borrower. The term "Loan" shall
individually mean any of the Loans.
1.16 "Post Dated Cheques" or "(PDCs)" shall mean the post-dated cheques drawn to match the due date of each Installment.
1.17 "Rate of Interest" shall mean the fixed rate of interest or the Base Rate Linked Interest Rate, referred to in the Schedule hereunder written as may be revised by
the Bank from time to time.
1.18 "RBI" shall mean the Reserve Bank of India.
1.19 "Registering Authority" shall mean an authority empowered to register motor vehicles under Chapter IV of the Motor Vehicles Act, 1988 (as amended and
replaced from time to time).
1.20 "Registration Certificate" shall mean the certificate of registration of the Vehicle or such similar document with different nomenclature issued by the Registering
Authority with which the Vehicle is so registered under the applicable motor vehicles law.
1.21 "Standing Instruction" or "SI" shall mean written instructions issued by the Borrower to the Bank to debit the account of the Borrower maintained with the Bank for
facilitating payment of Installments.
1.22 "Sub-Clause" unless otherwise stated, shall mean the sub-clause of the clause in which the reference appears.
 Loan is granted/to be granted by the Bank hereunder including the accessories thereto as described in the Schedule hereunder written.

2. LOAN AMOUNT, AND INTEREST

2.1 The Bank hereby grants/agrees to grant, to the Borrower and the Borrower hereby avail of/agree to avail of a loan up to an aggregate principal amount as stated in
the Schedule hereunder written ("First Loan"), on the terms and conditions herein set forth. The purpose for which the First Loan is granted/is agreed to be granted by
the Bank to the Borrower, is given is specified in the Schedule hereunder written.
2.2 The Bank may during the tenure of the First Loan at its sole and absolute discretion, and on the basis of the security created hereunder, grant an additional loan to
the Borrower to be governed by this Agreement and subject to and upon any additional terms and conditions stipulated by the Bank to the Borrower ("Additional
Loan"). In the event the Bank grants/agrees to grant an Additional Loan to the Borrower, the Bank shall separately communicate sanction of such Additional Loan to
the Borrower by way of a sanction letter and upon the acceptance of the sanction letter therefor by the Borrower, the provisions of this Agreement shall apply to such
Additional Loan to the extent the same are not varied by any additional terms and conditions stipulated by the Bank to the Borrower vide such sanction letter or
otherwise and any sanction letter issued by the Bank in respect of the grant of any Additional Loan shall be read along with this Agreement and be deemed to form
part hereof. For clarity, while this Agreement lays down the provisions and terms and conditions of the Additional Loan in addition to the First Loan, the Agreement
shall always be construed in such way that the said provisions as in respect of and to the extent of the Additional Loan shall become applicable from and upon grant
of the Additional Loan in terms of this Agreement, unless otherwise provided for specifically.
2.3 As regards the First Loan, the Borrower shall pay to the Bank, fixed rate of interest or the Base Rate Linked Interest Rate, as the case may be, however as
specified in the Schedule hereto. As regards the Additional Loan, the Borrower shall pay to the Bank, fixed rate of interest or the Base Rate Linked Interest Rate, as the
case may be however as specified in the sanction letter therefor. Notwithstanding anything contained in this Agreement or elsewhere, the interest payable by the
Borrower shall be subject to the changes in interest rates made by the RBI from time to time as also the Bank may at any time revise the Rate of Interest based on its
internal policy decisions from time to time which revised Rate of Interest, as communicated to the Borrower by the Bank, shall be payable by the Borrower. The
Installments comprise of principal and interests calculated on the basis of reducing balance of principal at the Rate of Interest applicable, and are rounded off to the
next rupee. Interest and any other charges shall be computed on the basis of a year of three hundred and sixty (360) days or three hundred and sixty five (365) days as
the Bank may deem fit. The payment schedule of the Installments in respect of the First Loan is given in the Schedule hereto. The payment schedule of the
Installments or the frequency thereof in respect of the Additional Loan shall be specified in the sanction letter therefor.
2.4 In the event the Bank grants the Loan at the Base Rate Linked Interest Rate, as computed in a manner as provided below, the Borrower confirm, agree and
undertake as follows
2.4.1 The Base Rate Linked Interest Rate shall be computed in a manner as described in the Schedule hereunder written. For the purpose of the computation of
the Base Rate Linked Interest Rate, the Base Rate ("Base Rate") means the interest rate adopted/determined/announced by the Bank as 'Base Rate' from time to
time for lending purpose.
2.4.2 The Borrower has fully understood the mode and manner of computation of the Base Rate Linked Interest Rate, as more particularly described in the
Schedule to this Agreement.
2.4.3 The Borrower will be charged Base Rate Linked Interest Rate on a monthly rest basis and the same will be payable on monthly basis.
2.4.4 Until the Base Rate Linked Interest Rate varies in accordance with the terms of the Schedule, the Base Rate Linked Interest Rate applicable to the First Loan
under this Agreement shall be the rate as specified in the Schedule to this Agreement.
2.4.5 The Base Rate Linked Interest Rate (without any prior intimation to the Borrower may vary from time to time and upon such revision, the Borrower agrees to
pay the revised Rate of Interest and / or Installments as may be applicable and the Bank may send appropriate communication to the Borrower, in due course of
time for such change in Rate of Interest.
2.4.6 In the case of any variation, adjustment in the Rate of Interest as per this Agreement, the number of Installments and tenure of the respective Loans under
this Agreement may vary accordingly. The Borrower agrees and undertakes to forthwith issue fresh Post Dated Cheques, fresh Standing Instructions, and fresh
instructions for ECS for payment of Installments in accordance with such change(s) in Installments under this Agreement and tenure of the concerned Loans as
applicable, within one week of receipt of the intimation from the Bank or being approached by Bank's appointed agents/agencies in this regard.
2.4.7 Changes to the Base Rate during a calendar month shall not affect the interest payment of the said month, however shall be applicable from the immediately
succeeding calendar month. Accordingly, for the purpose of computation of interest, the prevailing Base Rate at the beginning of every month shall be the basis for
computing Base Rate Linked Interest Rate for such month . For the purpose of this clause, the beginning of the every month shall be the 1st calendar day of every
month.
2.4.8 Once the Base Rate Linked Interest Rate is reset by the Bank based on the then prevailing Base Rate, such new Base Rate Linked Interest Rate shall be
applicable to the amount of the respective Loans under this Agreement till further reset by the Bank.
2.4.9 Save and except as provided herein below in Clause 2.4.10 the EMI is intended to be kept constant irrespective of the variations in the Base Rate Linked
Interest Rate. In case of variation of the EMI(s), intimation will be provided to the Borrower.
2.4.10 Notwithstanding anything to the contrary, the Bank shall, based on the Base Rate Linked Interest Rate(s) applied on the Loans under this Agreement, have
the right, to increase the EMI(s), in the following circumstances:
(a) If in the opinion of the Bank, the EMI(s) would lead to a negative amortization i.e. where the EMI(s) is not adequate to cover the interest in full and / or,
(b) If in the opinion of the Bank, the principal component of the EMI(s) is inadequate to amortize the concerned Loans within such period as may be determined
by the Bank.
2.5 The Obligor confirms and agrees that in order to work out suitable Installments to be paid by the Borrower towards repayment of the Loans under this Agreement
and Collateral Documents and payment of interest, the Bank has adopted a reasonable and proper basis and the Borrower agrees to pay such Installments when
due. Upon delay in the payment of Installments and / or repayment of any other Dues by the Borrower beyond the due date for such payment or repayment, then
without prejudice to the other rights and remedies available to the Bank hereunder and under law, the Bank shall be entitled to charge additional Overdue EMI
Interest/additional interest as stated in the Schedule on outstanding Dues or such other rate as may be specified by the Bank from time to time on the entire such
outstanding amount, whether of Loans, interest or any other Dues payable hereunder. The aforementioned charges/additional interest would not affect or in any
manner prejudice the obligation of strict compliance with the repayment/payment schedule.
2.6 All payments to be made by the Borrower to the Bank under or in terms of this Agreement and Collateral Documents shall be made by cheques duly crossed and
marked "A/c Payee Only" and the collection charges, if any, in respect of all such cheques will begin to accrue in favour of the Bank as and from the date of issuance of
the cheque irrespective of the time for transit / collection / realization / of the cheque by the Borrower or his bank. In case of any payment(s) made by cheque(s) by the
Borrower to Bank (towards the Dues), in order to determine the point of time as to when the payment has been made, the payment shall be deemed to have been
made at a point of time when the money is credited to the bank account of the Bank after realization of such cheque. The Borrower agree/s to replace the
cheques/issue fresh cheques if required by the Bank.
2.7 Any dishonoring of the said cheque/revocation of the SI/ECS Instructions, would make the Borrower liable to a flat charge and in case of dishonoring / non-
payment on the second presentation, Cheque Bounce Charges as stated in the Schedule would be levied. The levy of charge upon dishonoring / nonpayment of the
cheque / revocation of SI/ECS instructions is/shall be without prejudice to the rights of Bank under section 138 of Chapter XVII of the Negotiable Instruments Act, 1881
or any other rights and remedies available to the Bank in law.
2.8 The Borrower shall pay one time up front processing charges as mentioned in the Schedule herein towards services to be rendered by the Bank.
2.9 The Bank shall furnish a statement of account on or by the 31st of May each year, or at the beginning of this Agreement stating therein the amount due, the interest
charged, etc. The amount claimed therein shall be final conclusive and binding on the Borrower. Without prejudice to what is stated above, if the Borrower desires to
question any statement or any part thereof or any matter connected therewith, the Borrower shall inform the Bank with full details of the same within 15 days of the
receipt of the statement by the Borrower shall not be entitled to raise any dispute thereafter on any ground whatsoever.
2.10 Any dispute being raised will not enable the Borrower to withhold payment of any Installment.
2.11 If any interest remains unpaid on the date it is due and payable, then without prejudice to the other rights and remedies of the Bank, the unpaid interest will be
compounded monthly or in such other manner as may be permitted by RBI.
2.12 The Loan(s) shall be disbursed as a lump sum or in suitable installments at the sole discretion of the Bank (which decision shall be final and binding on the
Borrower.
2.13 In case of any statement or duplicate document specially required by the Borrower, the Bank shall charge as stated in the Schedule.
2.14 The First Loan amount may be disbursed by the Bank directly to the dealer in the case of purchase of a new Vehicle/s and such disbursement shall be deemed
to be disbursement to the Borrower. In case of purchase of an old/used Vehicle, the First Loan amount may be disbursed by the Bank to the owner / seller of the
Vehicle or to the dealer and such disbursement shall be deemed to be disbursement to the Borrower.

3. REPAYMENT AND PAYMENT OF DUES

3.1 The respective Loans, interest and other Dues and charges shall be paid/repaid by the Borrower in Installments. The number and amount of Installments for the
First Loan are as mentioned in the Schedule herein. The number and amount of Installments for the Additional Loan shall be specified in the sanction letter therefor.
Notwithstanding the same, the Bank may at any time, without the provision of any reason therefor, require payment/repayment of any of the Loans, interest and other
charges thereon and may appropriate all the amounts available with the Bank towards these amounts and in such case the Borrower agrees and undertakes to pay
all Dues as mentioned above forthwith. Further, the computation/fixation of Installments shall be without prejudice to the right of the Bank to recompute the interest on
the basis of any revision in the Rate of Interest. The payment of Installments shall commence as per the repayment/payment schedule irrespective of the delivery of
the Vehicle. Strict compliance with the repayment/payment schedule is an essential condition for the grant of the Loans. Out of the Installments for the First Loan,
such number of Installments are payable prior to the disbursal of the Loan ("Advance EMI/ Installment/s") as specified in the Schedule herein.
3.2 The Borrower may, prepay the whole or any part of the outstanding's of respective Loans (including interest, other Dues, fees and charges herein) by giving a
notice in writing to that effect. The Borrower would have to give minimum written notice of 30 days expressing his intention to prepay the Loan amount, unless the
 be leviable till the end of the month in which the prepayment is actually effected. In such an event the Bank will levy prepayment charges as mentioned in the Schedule
or any rate which is applicable at that time as per Bank's policy on the Dues outstanding.

3.3 In the event (a) the Borrower does not utilize the Loan within 7 days of the issuance of cheque/demand draft of a Loan, or (b) the Borrower requests the Bank to
cancel the Loan within 7 days of disbursement of the Loan, or the first tranche thereof, as the case may be, the Bank may at its sole and absolute discretion, suspend
or cancel the Loan(s) and the Borrower shall be liable to pay forthwith the cancellation charges and other charges, if any, as set out in the Schedule hereunder written
along with the total amount of Loan(s), if disbursed and utilized, interest and other Dues.
3.4 It is clarified for avoidance of doubt that the Post-Dated Cheques have been drawn by the Borrower for the discharge, in whole or in part, of its debt or other liability
under this Agreement, being the Dues, and not for the purpose of creating a security in favour of the Bank.

4. COVENANTS FOR PRICE OF THE VEHICLE

4.1 The parties hereby confirm that the price of the Vehicle has been arrived at after taking into account all relevant taxes, duties and levies applicable as on the date of
this Agreement. The Borrower agrees that the Installments shall be increased by any fresh imposition or increase in the price of the Vehicle, taxes, duties, levies and
charges during the subsistence of this Agreement or that are or may be levied on the Installments or the transaction hereunder or are or may become payable by the
Bank by virtue of entering into this Agreement. In the event of such taxes, duties, levies and charges being imposed and/or increasing during the period of the placing
of the order of the Vehicle and its acceptance and eventual delivery to the Borrower, all and any such taxes, duties, levies and charges, increments shall be borne and
paid by the Borrower.
4.2 If the price of the Vehicle (in case of acquiring a new vehicle) is revised upwards after the date hereof, then and in that event the Borrower shall pay all of the
amount (in addition to the amount paid or to be paid by him/it along with the First Loan as the price of the Vehicle) that may be required for acquiring the Vehicle at
such revised price and the Bank shall not be liable to pay any amount by way of Loan or otherwise for such revision in price of the Vehicle.
4.3 If the Borrower fails to pay the amount as mentioned in Clause 4.2 within 15 (fifteen) days of revision of the price of the Vehicle or within the period allowed for this
purpose by the manufacturer or dealer of the Vehicle, whichever is earlier, then and in that event the Bank may at its discretion as agent of the Borrower cancel, annul
or rescind the booking of the Vehicle and collect the refund of booking price (after such deductions as may be made by the manufacturer of the Vehicle or its dealer)
for adjustment thereof against any amount that may be due and payable by the Borrower to it in terms hereof.
4.4 The Borrower, for the purpose of Clause 4.3 above, hereby irrevocably authorizes the Bank to cancel, annul or rescind any booking of the Vehicle and to receive
any refund of booking price of the Vehicle from the manufacturer thereof or its dealer.

5. SECURITY
5.1 In consideration of the Bank having granted or agreed to grant to the Borrower, the First Loan and having agreed to grant at its sole and absolute discretion, the
Additional Loan subject to the terms and conditions mentioned herein and in the Collateral Documents, the Borrower hereby hypothecates to and charges in favour of
the Bank by way of first and exclusive charge the Vehicle for the due payment and repayment of the First Loan and the Additional Loan and the respective Dues and
hereby agrees to obtain an endorsement to that effect on the Registration Certificate from the concerned Registering Authority. Provided that if the Vehicle (to be
acquired) has not been delivered to and/ or registered (wherever applicable) in the name of the Borrower at the time of signing of this Agreement, the particulars of the
Vehicle shall be informed in writing by the Borrower within two calendar days of such delivery and / or registration, whereupon such writing shall form part of this
Agreement and the Schedule hereto; In case of the Vehicle being a used vehicle and subject to a prior charge/hypothecation/lien/any other encumbrance, the
Borrower shall forthwith obtain and submit to the Bank an irrevocable no-objection certificate from the holder of such prior charge/hypothecation/lien/any other
encumbrance for the creation of hypothecation and charge by the Borrower in favour of the Bank over the Vehicle(s). The Bank shall be entitled to withhold
disbursement of the whole or part of the Loan until the submission of the above referred no-objection certificate to the Bank by the Borrower; further without prejudice
to any other rights available to the Bank hereunder or under law, the Bank may call upon the Borrower to submit/procure such additional documents in original and/or
assurance(s) as the Bank may require and the Borrower hereby unconditionally and irrevocably agrees and undertakes to submit/procure such additional documents
in original and/or assurance(s) to the Bank.
5.2 The Obligor hereby agrees that the Bank is not responsible for delivery of duly endorsed Registration Certificate and that the Borrower shall not withhold payment
of Installments on the ground that Registration Certificate has not been delivered.
5.3 The Borrower hereby expressly and irrevocably agree that they shall be estopped from taking the plea that on the date the this Agreement was signed the exact
details of the Vehicle were not available.
5.4 The charge created by the Borrower in Clause 5.1 above shall stand as security for the repayment and payment by the Borrower of the Loans granted or to be
granted to the Borrower by the Bank together with all Dues. . The Borrower hereby agrees that any and all filings made and any endorsement on the Registration
Certificate obtained from the concerned Registering Authority in relation to the hypothecation and charge created over the Vehicle shall be deemed to have been
filed/obtained (as the case may be) for the purpose of the First Loan, the Additional Loan and all the respective Dues.
5.5 The charge herein created shall continue unless and until the Bank shall issue a certificate discharging the security created herein and shall not affect, impair or
discharge the liability of the Borrower by winding up (voluntary or otherwise) or by any merger or amalgamation, reconstruction, takeover of the management,
dissolution or nationalization (as the case may be) of the Borrower.
5.6 The hypothecation and charge in favour of the Bank shall be deemed to take place immediately on signing of this Agreement or delivery of the Vehicle, as the case
may be, whichever is earlier. Notwithstanding anything to the contrary in clause 2.2 hereinabove, the provisions of this clause 5 as regard the Additional Loan shall
come into force with immediate effect and become applicable, upon signing of this Agreement or delivery of the Vehicle, as the case may be, whichever is earlier.
5.7 Without prejudice to the aforesaid, the Obligor hereby agrees to create such further/additional security as the Bank may at its sole and absolute discretion deem
necessary for the purpose of securing the First Loan, Additional Loan (if any) and all the respective Dues.

6. REPRESENTATIONS BY THE OBLIGOR

6.1 The Obligor represents and warrants that :
(i) (in case of any of them being a Corporation) is a Corporation duly incorporated or constituted and existing under the laws of India with power to enter into this
Agreement and each of the documents to which it is or will be a party; and
(II) Has duly taken all corporate and other actions which are required to be taken by any person to authorize the execution by the Obligor of this Agreement and of
each Collateral Document and the performance by them or of their obligations herein and under each of the Collateral Documents.
6.2 The Borrower hereby represents that:
(i) In case of the Vehicle being a new vehicle, no encumbrance of any nature nor any lien exists over the Vehicle hypothecated herein and in case of the Vehicle
being a used vehicle the Borrower has obtained all consents and no-objections as may be required to enable the Borrower to avail of the Loans and create
security by way of hypothecation of the Vehicle in favour of the Bank hereunder;
(ii) the Borrower has obtained and done all that is necessary to give full force and effect to this Agreement and the transactions contemplated hereunder and
obtained all authorizations, approvals, consents, no-objections licenses and permissions required in or by the law of India in relation to this Agreement, Collateral
Documents and the Vehicle. and
(iii) the Borrower has paid all public demands and all taxes and revenues payable to the Government of India or to the Government of any State or to an local
authority and that at present there are no-arrears of such taxes and revenues due and outstanding.
The representations and warranties in this Clause 6 are made on the date hereof and shall be deemed to be repeated on each day until the payment and
repayment in full by the Obligor of all Dues to the satisfaction of the Bank and the Bank having confirmed the same to the Obligor.

7. INDEMNITY
7.1 The Obligor shall indemnify, keep indemnified and saved harmless the Bank on demand in respect of any actions, claims, costs, damages, demands, expenses,
losses and liabilities made against, suffered or incurred by the Bank arising directly or indirectly from or in connection with:
(i) Any failure by any of the Obligor to comply with the provisions of this Agreement and/or any of the Collateral Documents;
(ii) any liability including third party liability that may arise out of the possession, operation and use of the Vehicle by the Borrower or by its employees or by its
agents or by other persons whosoever whether or not authorized by the Borrower for use of the said Vehicle and incidental to that purpose;
(iii) any claims, losses, demands, actions, costs, expenses and liabilities incurred or suffered by the Bank by reason of the representations and warranties given
by the Borrower being false or untrue in material respect or misleading and / or any claims, losses, demands, actions, costs, expenses and liabilities incurred or
suffered by the Bank by reason of the Vehicle not being free from encumbrance and/or any previous charge.and/or
(iv) any claims, demands, actions, costs, expenses and liabilities incurred or suffered by the Bank by reason of non-payment or insufficient payment of stamp duty
by the Borrower on this Agreement, sanction letter for the Additional Loan, and the Documents and any other writings or documents which may be executed
pursuant to and or in relation to this Agreement.
7.2 The Borrower shall keep the Bank informed of all developments regarding such action, claims, costs, damages, demands, expenses, losses and liabilities and
shall not dispute, compromise or otherwise deal with the same except with the consent of the Bank. The Bank shall however be under no obligation and / or liability to
the Borrower to provide any assistance in connection with any such claim that the Borrower may require.
7.3 This Clause 7 (Indemnity) shall survive the termination of this Agreement.
 8.1 The Borrower shall:
(i) obtain and do all that is necessary to maintain in full force and effect all authorizations, approvals, consents, no-objections, insurances, licenses, permissions
and renewals required in or by the laws of India in relation to this Agreement, each of the Collateral Documents and the performance of obligations hereunder and
thereunder and in relation to the Vehicle;

(ii) Get the Vehicle (in case of acquiring a new Vehicle) registered with the appropriate Registering Authority (wherever applicable) under the Motor Vehicles Act,
1988;
(iii) inform the Bank promptly in writing of any theft or damage to the Vehicle, lodging of any claim whatever with any insurance company in respect of the Vehicle
and such writing shall be delivered to the Bank within three working days of such damage or lodgment of claim;
(iv) Inform the Bank of any loss, destruction or misplacement of the Registration Certificate of the Vehicle or the insurance policy relating to the Vehicle within three
working days of such loss, destruction or misplacement;
(v) Not apply for any duplicate Registration Certificate for the Vehicle otherwise than by delivering the application thereof to the Bank for endorsing its charge on the
Vehicle; and
(vi) Not transfer the registration of the Vehicle to any city or town other than the City of Registration;
(vii) Indemnify and keep indemnified the Bank against any loss or damage to the Vehicle or any part thereof from whatever cause whether or not such damage is
as a consequence of the negligence of the Borrower.
8.2 The Borrower undertakes that he/she/it/they shall have and maintain sufficient balance in the account of the drawee bank for payment of Installments/ Post- Dated
Cheques /SI/ECS instructions on the day when any Installment herein or the Dues become payable and for 45 days thereafter to honour any cheque/ Post -Dated
Cheque/instruction.
8.3 The Borrower shall utilize the entire First Loan for the purchase of the Vehicle(s) and for paying insurance premium as mentioned above, if any as indicated by him
in his loan application and for no other purpose whatsoever. Insofar as the Additional Loan (if any) is concerned, the Borrower shall not utilize the Additional Loan for
any purpose other than the purpose mentioned in application made therefor to the Bank and/or the sanction letter issued by the Bank and accepted by the Borrower.
8.4 It shall be the Borrower's obligation to keep himself acquainted with the rules of the Bank, from time to time.
8.5 The Borrower expressly recognizes and accepts that the Bank shall, without prejudice to its right to perform such activities itself or through its officer or servants,
be absolutely entitled and have full powers and authority to appoint one or more third parties of the Bank's choice and to transfer and delegate to such third parties the
right and authority to collect on behalf of the Bank all amounts hereunder and to perform execute all acts, deeds, matters and things connected therewith or incidental
thereto including sending notices of demand, attending the residence or office of the Borrower or otherwise contacting the Borrower, receiving the Installments in'
cash/draft/cheque whether in the name of the Bank or in its own name from the Borrower, entering into a compromise with the Borrower, giving a valid receipt and
granting effectual discharge to the Borrower and generally performing all lawful acts as the third parties may consider appropriate for the purposes.
8.6 The Borrower agrees hereby to pay the Installments and other Dues to the Bank under this Agreement and the Collateral Documents irrespective of whether or not
the Vehicle is in use by the Borrower and/or, even if the Vehicle is not in use due to damage and repair.
8.7 In case the Loan(s) is/are taken jointly by more than one Borrower, their liability shall be joint and several, even if the Vehicle is registered in the name of one of the
Borrower only.
8.8 The Borrower agrees to allow the officers, or auditors (including Borrower's auditors),technical experts or management consultants appointed by the Bank to
inspect the Borrower's books of accounts and certify including but not limited to end use of funds, from time to time as required by the Bank and agree to forthwith,
upon demand by the Bank, to extend full co-operation and pay for the costs and expenses incurred by the Bank in relation to said inspection.
8.9 The Borrower agree and undertake not to induct a person, into the Board of Directors, who is a promoter or director on the Board of a company which has been
identified as a willful defaulter or a person who has been declared as a willful defaulter by any Bank/Financial Institution. In case such a person is already a member
of the Board of Directors, the Borrower would take expeditious and effective steps for the removal of that person from the Board of Directors.

9. COVENANTS
9.1 The Borrower shall:
(i) keep the Vehicle specifically appropriated to the security herein;
(ii) pay all rates, assessments, taxes and other outgoings which are now or hereafter may be assessed, imposed, or payable for the Vehicle by the Government,
Municipal Corporation, Registration Authority or other authority and on demand produce to the Bank every receipt thereof, charges, taxes, assessments or other
outgoings,
(iii) Allow inspection of the Vehicle and all documents relating thereto for verification thereof or making valuation by (a) the Bank or (b) its officers, auditors,
technical experts, management consultants, Valuers or any other persons authorised for the purpose by the Bank.
(iv) Not sell, encumber, transfer or otherwise dispose of or suffer or allow to suffer any attachment or distress to the Vehicle or any parts thereof or allow anything
that may prejudice or endanger the security herein (including installation of LPG / CNG Kit) without the express consent in writing of the Bank.
(v) On demand being made by the Bank: -
(a) give immediate actual possession to the Bank, its nominees or agents (as the case may be) of the Vehicle;
(b) transfer, deliver and endorse all registrations, policies, certificates and documents relating to the Vehicle to the Bank, its nominees or agents (as the case
may be); and
(c) do and execute or cause to be done and executed at the costs and expenses of the Borrower, all such acts, deeds, assurances, matters, and things as may
be required by the Bank for further assuring and confirming the security created herein and the rights, powers and remedies hereby conferred.
(vi) Sign and deliver the necessary forms that may be required to be filed with the Registering Authority or other authorities under the Motor Vehicles Act, 1988 or
any other law for the time being in force to record the hypothecation on the said Vehicle, created or to be created in favour of the Bank.
(vii) Submit to the Bank a certified true copy of the Registration Certificate relevant to the Vehicle. This Registration Certificate will be submitted within 60 (sixty)
days of having taken delivery of the Vehicle or 150 (one hundred and fifty) days from the date of disbursal of the First Loan, whichever is earlier.
(viii) Punctually pay all the sums referred to in Clause 2 of this Agreement and all Dues in terms of the Collateral Documents.

10. INSURANCE AND MAINTENANCE

10.1 At the request of the Borrower, the Bank may at its own discretion also finance the insurance premium of an insurance policy insuring the Borrower against the
risks of personal accident, accidental hospitalization, outstanding amount of the First Loan and/or Additional Loan (if such Additional Loan is granted to the Borrower
by the Bank) to the Bank and /or critical illness provided that such insurance policy has been taken out by the Bank on behalf of the Borrower from an insurance
company approved by the Bank with specific instruction and authority by the Borrower to such insurance company that in case of any loss reported under the section
of 'outstanding amount of First Loan and/or Additional Loan (if such Additional Loan is granted to the Borrower by the Bank) to the Bank' or similar section, the loss will
be paid to the Bank by such insurance company. Such insurance premium paid by the Bank on behalf of the Borrower shall be added as the principal amount to the
First Loan and/or Additional Loan (if such Additional Loan is granted to the Borrower by the Bank) granted herein and shall form part of the First Loan and/or Additional
Loan (if such Additional Loan is granted to the Borrower by the Bank). The Borrower shall pay to the Bank the amount towards insurance premium as mentioned
above which may be disbursed by the Bank directly to such an insurance company approved by the Bank and such disbursement shall be deemed to be
disbursement to the Borrower.
10.2 Without prejudice to what is stated hereinabove, the Borrower shall at its own expense during the continuance of the security herein keep the Vehicle covered
under comprehensive risk, including riot, civil commotion risk, fire, accident, theft, unlimited third party risk, and other hazards as stipulated from time to time with such
insurance company as may be required by the Bank by timely payment of all premium in respect of such insurance and produce and deliver (if so required by the
Bank) any insurance policy, cover note or receipt on demand by the Bank for its inspection and verification.
10.3 The insurance policy to be taken out hereunder shall be in the name of the Borrower and the Bank shall be described as loss payee under such insurance;
10.4 The Borrower agrees and undertakes to keep and maintain in good and marketable condition the said Vehicle at the Borrower's own expense and replace all
such parts whether broken or damaged, as is the normal practice adopted for the maintenance of any Vehicle. The Borrower expressly agrees to engage mechanics,
dealer's service facilities expressly authorized by the manufacturer of the Vehicle to effect repairs and to service the Vehicle.
10.5 If the Borrower fails to comply with any of the terms mentioned above in this Clause, the Bank may, without prejudice to its rights and remedies under this
Agreement and in law, take such steps as it may deem fit to keep and maintain the Vehicle or insure or renew such insurance at the Borrower's costs, charges and
expenses, which shall be reimbursed by the Borrower on demand by the Bank.
10.6 In order to safeguard the security for the Dues and to ensure that the Bank's lien is marked on the insurance, the Bank may get the insurance done on behalf of
the Borrower, by being a facilitator and making the premium payment of the approved insurance company through the Borrower's Post-Dated Cheques/pay orders/any
other payment instructions. However, any non-payment on the part of the Bank due to any reason whatsoever shall not affect the liability of the Borrower to pay the
necessary insurance premium and to keep the Vehicle(s) insured. The first claim on any insurance proceeds shall be that of the Bank with respect to insurance policy
and its renewal as stipulated from time to time and shall pay Rs. 250 or such other amount as may be specified by the Bank from time to time as nominal
compensation for the services rendered by the Bank for facilitating the above mentioned arrangement with the insurance company and ensuring that the Bank's name
is marked under insurance. The compensation mentioned above is subject to change at the discretion of the Bank.
10.7 The Bank at its option shall be entitled to adjust, settle or compromise in any manner whatsoever at the Borrower's cost any dispute arising under or in
connection with any such policy or insurance and such adjustment, settlement and compromises shall be valid and binding on the Borrower.
10.8 The Bank at its option will have the right to appropriate any monies received from the insurance company towards the Borrower's obligations to the Bank.
10.9 The Borrower accepts that the Bank shall not be liable for any loss on account of non-renewal of insurance of the Vehicle and / or delay / nonpayment by the
11. EVENTS OF DEFAULT
The Obligor expressly, irrevocably, jointly and severally agrees with the Bank that in case:
11.1 the Obligor or any of them fail to pay any sum due from them hereunder or under the Documents;

11.2 the Obligor fails duly to perform any obligation or commits any breach of any of the terms, representations, warranties, covenants and conditions herein
contained or set out in the Documents or has made any misrepresentations to the Bank;
11.3 the Obligor (in case of either of them being a corporation or partnership firm) takes any action or other steps are taken or legal proceedings are started for
winding up, dissolution or re-organization or for the appointment of a receiver, trustee or similar officer on its assets particularly on the Vehicle;
11.4 the Obligor (in case of being an individual ), dies or takes any steps or any steps are taken with a view to his being made insolvent in any jurisdiction or with a
view to the appointment of a receiver, trustee or similar officer of any of his assets;
11.5 the Obligor fail/s to pay any insurance premium for the Vehicle or cheque bounce charges in terms and conditions hereof;
11.6 the Vehicle is confiscated, attached, taken into custody by any authority or subject to any execution proceeding;
11.7 the Vehicle is in distraint, endangered or badly damaged due to accident or any other reason whatever causing the same to be a total loss in the opinion of the
Bank or caused bodily injury to any person due to any accident or otherwise;.
11.8 the Obligor fail/s to pay any tax impost, duty or other imposition or comply with any other formalities required for the Vehicle under law from time to time;
11.9 the Vehicle is stolen and/or untraceable for any reason whatever;
11.10 Any of the PDCs/cheques delivered or to be delivered by the Borrower to the Bank in terms and conditions hereof is not encashed for any reason whatsoever on
presentation;
11.11 any instructions are given by the Borrower for stop payment of Post-Dated Cheques/ revocation of SI / ECS instructions, given as per Clause 3, for any reason
whatsoever,
11.12 The Borrower fails to supply a certified true copy of the Registration Certificate within the time frames specified in Clause 5 and Clause 8 hereof.
11.13 The Vehicle being destroyed for any reason whatsoever.
11.14 The Borrower failing to file the particulars of the Vehicle in the prescribed form of the Bank and as provided in the Schedule-to this Agreement;
11.15 any information given by the Borrower in his loan application to the Bank for financial assistance is found to be misleading or incorrect in any material respect or
any representation or any warranty under this Agreement or any of the Documents is found to be misleading or incorrect in the opinion of the Bank.
11.16 the Vehicle has been used or alleged to have been used for any illegal or speculative purposes or activity; or
11.17 Any circumstances arise which gives reasonable grounds in the opinion of the Bank that is likely to prejudice or endanger the Vehicle;
Then in any such case at any time thereafter without prejudice to the rights and remedies of the Bank, the Bank may (but shall not be bound to do so), without the
specific intervention of a court or any court order, by written notices to the Borrower declare the First Loan, Additional Loan(s) (if any) to be immediately due and
payable, whereupon the same shall become payable together with accrued interest thereon, the charges as set out in the Schedule hereunder written and all other
Dues.
On the question whether any of the above events / circumstances has/ have occurred / happened, the decision of the Bank shall be final conclusive and binding on the
Obligor.

12. COSTS, CHARGES AND EXPENSES

The Borrower shall without prejudice to any rights, or remedies that the Bank may have in law, pay on demand made by the Bank the following costs, charges and
charges:
12.1 charges as stated in the Schedule or such other amount as stipulated by the Bank from time to time towards Cheque Bouncing Charges for each time a Post
Dated Cheque, Standing Instruction, ECS Instruction is returned / stopped/revoked for any reason whatsoever.
12.2 all costs and expenses (including legal fees) that may be incurred in or in connection with the preservation and / or enforcement of any of the rights of the Bank
under this Agreement and the Documents.
12.3 various charges for possession of the Vehicle like tow - away charges, godown charges, rentals and other such expenses incurred by the Bank for effecting the
possession of the Vehicle and for its safe keeping, etc.
12.4 Cheque Swapping Charges as stated in Schedule or similar charges towards replacement of the Post Dated Cheques given by him.

13. EVIDENCE OF DEBT

13.1 The records and accounts maintained by the Bank in its ordinary course of business for any amounts due under this Agreement and/or the Documents,
accounts of sales, realization and recovery of the Vehicle, insurance, costs, charges and expenses shall be prima facie evidence and sufficient proof against the
Borrower in any legal action or proceeding arising out of or in connection with this Agreement and/or the Documents.
13.2 The Borrower hereby agrees to accept the Bank's accounts of sales, realization and recovery of the Vehicle as sufficient proof of amounts realized and related
expenses.
13.3 In any legal action or proceeding arising out of or in connection with this Agreement and/or the Documents, the entries made in the accounts maintained by the
Bank shall be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded and amount of realization, recovered and
expended;
13.4 The Borrower hereby agree/s to accept the Bank's accounts for any amounts due under this Agreement and/or the Documents, insurance, costs, charges and
expenses as sufficient proof of the amount being spent by the Bank.

14. ENFORCEMENT
14.1 If any of the "Events of Default" arises (whether demand for repayment/payment is actually made or not), and the same (if capable of remedy) is not remedied to
the satisfaction of the Bank within the period specified by the Bank, then and in such case and at any time thereafter, the Bank through its officers, agents or nominees
shall have the right (without prejudice to the right in Clause 7 and any of its other rights and remedies in law and contract) to take any one or more than one of the
following actions without the specific intervention of a Court or any court order:
(i) without any notice and assigning any reason and at the risk and expense of the Borrower and if necessary as attorney for and in the name of the Borrower take
charge and / or possession of, seize, recover, appoint receiver of and remove the Vehicle. The Bank will be within its rights to use tow -van to carry away the
Vehicle, and / or,
(ii) enter into or upon any place or premises where the Vehicle may be kept or stored and inspect, value or insure the same at the costs and expenses of the
Borrower, and / or,
(iii) sell by auction or any private contract or tender, dispatch or consign for realization or otherwise dispose of or deal with the Vehicle in the manner the Bank may
think fit,
14.2 The Borrower hereby agrees and authorizes the officers, agents and nominees of the Bank to do and exercise any one or more than one of the acts and powers
under this Agreement and the Documents.
14.3 Notwithstanding anything to the contrary expressed or implied herein:
(i) the Bank shall have a right to but shall not be bound to exercise any of the powers mentioned in this Agreement or any Collateral Documents; or,
(ii) if the Bank exercises any one or more powers mentioned in this Agreement and/or the Documents the same shall be without prejudice to the Bank's rights and
remedies available in any suit or any legal proceeding either pending or that may be initiated against the Borrower in law, or,
(iii) the Bank or its officers, agents or nominees shall not be in any way responsible for any loss, damage, limitation, or depreciation that the Vehicle may suffer or
sustain on any account whatsoever whilst the same is in possession of the Bank, its officers, agents or nominees or because of exercise or non-exercise of the
rights, powers, or remedies available to the Bank or its officers, agents or nominees and all such loss, damage or depreciation shall be debited to the account of
the Borrower howsoever the same may have been caused; or,
(iv) neither the Bank nor its agents, officers or nominees shall be in any way be responsible and liable and the Borrower hereby agrees not to make the Bank or its
officers, agents or any nominees liable for any loss, damage, limitation or otherwise for any belongings and articles that may be kept or lying in the Vehicle at the
time of taking charge and / or possession, seizure of the Vehicle pursuant to the terms of this Clause 14.

15. DISTRIBUTION OF REALISATION

The net proceeds of sale, realization, recovery and / or insurance claim proceeds relating to the Vehicle herein, on receipt by the Bank shall be applied at its absolute
discretion in the manner and priority it thinks fit. The Borrower shall continue to be liable for any deficiency in the amount due to the Bank by the Borrower after adjustment
of the net proceeds of sale, realization, recovery and / or insurance claim as above.

16. SET-OFF AND LIEN

In respect of all or any of Borrower's liabilities to the Bank, whether under this Agreement or under any obligation or any other facilities/borrowings/document, whether
such liabilities are/be crystallized, actual or contingent, primary or collateral or several or jointly with others, whether as principal debtor and/or otherwise howsoever
(collectively "Liabilities"), the Bank shall have a specific and special lien on all the Borrower's present and future stocks, shares, securities, property, book debt, all
moneys in all accounts whether current, savings, overdraft, fixed or other deposit, held with or in custody, legal or constructive, with the bank, now or in future, whether in
same or different capacity and whether severally, jointly, whether for any bank relationship, safe custody, collection, or otherwise and the bank shall have the right to,
or appropriating against the any of the Bank's dues in respect of any of the liabilities. In addition to general lien and/or similar right, the Bank may at any time in its
absolute discretion and without notice to and without consent of the Borrower, combine or consolidate all or any of the accounts of the Borrower, whether the same type
or nature or not and whether in same capacity or not, with any of the Liabilities and set off or transfer of any sum or sums standing to the credit of any one or more of such
accounts in or towards satisfaction of any of the liabilities. The Bank shall deemed to have and hold and continue to have first charge on any assets including any of the

deposit on which security has been created in respect of the loan, 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 also in respect of such Liabilities, irrespective of the fact whether the Loan is at any time repaid or
satisfied or not and ever after the Loan has been repaid or prepaid or the security and property is given to Bank in respect of any particular liabilities.

17. LIMITATION OF LIABILITY

Notwithstanding anything contained herein: -
17.1 The Bank shall not in any way be responsible for delay, omission or neglect in encashment, damage or loss of any PDCs/cheques (already given or to be given
by the Borrower to the Bank in terms hereof) for any reasons whatsoever, and / or
17.2 No interest or compensation shall be payable by the Bank to the Borrower on the proceeds held/to be held by the Bank,
17.3 The Bank shall not be responsible for delay, or non-delivery, or any defect, damage, or quality of the Vehicle, for which the Borrower shall be solely responsible. It
is further agreed that the Bank shall not be responsible or liable even if there is a defect or dispute of any nature in the title (even if the Vehicle is found to be a stolen
Vehicle) or ownership of the Vehicle and that the Borrower shall independently satisfy itself in this regard.

18. SEVERABLITY
If any provision of this Agreement is invalid or unenforceable or prohibited by law where that provision is to be performed, 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 any party hereto to the other and the remainder of this
Agreement shall be valid and binding and of like effect as though such provision was not included herein.

19. CONSENT TO DISCLOSURE

19.1 The Borrower authorizes the Bank to disclose, from time to time any information relating to the First Loan and Additional Loan (if any), and Dues to any parent /
subsidiary / affiliate / associate entity of the Bank, and to third parties engaged by the Bank, for purposes such as marketing of services and products.
19.2 The Borrower understands that as a pre-condition, relating to grant of First Loan and any Additional Loan (if any) to the Borrower, the Bank, requires the
Borrower's consent for the disclosure by the Bank of, information and data relating to them, of the credit facility availed of / to be availed, by the Borrower, obligations
assumed/to be assumed, by them, in relation thereto and default, if any, committed by them, in discharge thereof.
19.3 Accordingly, the Borrower hereby agrees and gives consent for the disclosure by the Bank of all or any such;
(a) Information and data relating to him / her / them including without limitation the Borrower's credit history;
(b) The information or data relating to the First Loan, Additional Loan (if any), Dues and any credit facility availed of / to be availed, by him / her / them; and
(c) Default, if any, committed by him / her / them, in discharge of his/ her/ their obligations.
as the Bank may deem appropriate and necessary to disclose and furnish to Credit Information Bureau (India) Limited, any other agency authorized in this behalf by
RBI, any bank, financial institutions, finance company, registered credit bureau, governmental/regulatory/statutory authorities, rating agencies, other branches of the
Bank, subsidiaries, affiliates, service providers, and any other persons and third parties as may be required by the Bank.
19.4 The Borrower declares that the information and data furnished by his / her / them to the Bank are true and correct.
19.5 The Borrower undertakes that:
(a) the Credit Information Bureau (India) Limited and any other agency so authorized may use, process the said information and data disclosed by the Bank in the
manner as deemed fit by them; and
(b) the Credit Information Bureau (India) Limited and any other agency so authorized may furnish for consideration, the processed information and data or
products thereof prepared by them, to banks / financial institutions and other credit grantors or registered users, as may be specified by the RBI in this behalf.

20. COMMUNICATION / NOTICES / CORRESPONDENCE

20.1 Any notice, approvals, instructions, demand and other communications given or made by the Bank shall be deemed to be duly given and served if sent by
courier, normal post, Registered Post, facsimile, electronic mail, personal delivery, SMS or by prepaid registered mail addressed to the Borrower's address,
phone/mobile number, fax number or email as given in the Application/schedule of the Agreement (or at the address changed on which Bank's acknowledgement is
duly obtained as hereinafter mentioned) and such notice and service shall be deemed to take effect on the third working day following the date of the posting thereof
in case of courier, normal post, 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.
20.2 Every notice, request, demand or other communication issued by the Borrower to the Bank under this Agreement shall:
(a) be in writing, delivered by hand, or by registered post, acknowledgement due;
(b) be deemed to have been received when delivered by hand, at the time so delivered if during business hours on a business day, and if given by registered post
acknowledgement due, 48 hours after it has been put into post; and
(c) be sent to the Bank at its Lending Office Address as per the Schedule or to such other address as the Bank may in writing hereafter notify to the Borrower.
20.3 Either party may, from time to time, change its address, Email ID, Phone and Mobile Number as provided in application form or representative for receipt of
notices or other communications provided for in this Agreement by giving to the other not less than 2 working days prior written notice to the Party.
20.4 In all correspondence, the Account Number and also the full Registration Number of the Vehicle details i.e., Registration Number, Engine and Chassis number
should be quoted by the Borrower.

21. FAX INDEMNITY

21.1 The Obligor is aware that transmission of instructions through Facsimile. ("Fax") involves a number of risks including fraudulent alterations and incorrect
transmissions and absence of confidentiality. However, the Obligor is desirous of providing instructions ("Instructions") to the Bank through Fax for various matters
under this Agreement and the Documents including in relation to the First Loan, Additional Loan (if any) and the operation thereof.
21.2 In consideration of the Bank permitting the same, the Obligor hereby irrevocably, jointly and severally agrees, confirms and undertakes with the Bank as under:-
(i) The Bank shall be entitled (without being bound to do so) to rely upon the Instructions provided through Fax (and believe the same to be genuine), for their any
requirements. In case of any question as to what were the Instructions provided or received, the records of the Fax received by the Bank from the Obligor shall be
final.
(ii) The Obligor shall ensure that the Instructions provided through Fax to the Bank are executed by a person duly authorized in this behalf ("Authorized Person")
and the Bank shall not be responsible for conducting any verification in this regard, whatsoever:
(iii) The Obligor confirms that the Bank shall not be bound to act in accordance with whole or any part of the Instructions as it may appear in the Instruction so
conveyed and the same shall be at the Obligor's risk and the Bank shall not be liable for the consequences of any such refusal or omission to act or deferment of
action.
(iv) The Obligor shall deliver on the same day or on immediate next day to the Bank the original Instructions in writing signed by the Authorized Person with a
marking on the top "confirmation of the same". The Bank shall not be required to await receipt of the said instruction in writing before taking any action in
connection with the Instructions provided through fax and the non-delivery and non- conformity of such instruction in writing shall not in any manner prejudice to the
Bank's right.
(v) The Obligor shall indemnify and keep the Bank indemnified from and against all actions, suits, proceedings, claims, damages, expenses, losses and liabilities
whatsoever reason arising in connection with or relating to any Instructions provided by Fax by the Obligor received by the Bank or claimed to have been sent by the
Authorised Person pursuant to this Clause 21.2.
(vi) The Bank may at any time whatsoever without assigning any reason withdraw or modify or add the facility/ies provided to the Obligor.
(vii) The Obligor is aware and confirms that the Bank is agreeing to act on any Instruction provided through Fax only by reason of, and relying upon these
undertaking and indemnities contained in this Clause 21.

22. BENEFIT OF AGREEMENT

22.1 This Agreement shall be binding upon and ensure to the benefit of each Party hereto, his / her / its heirs, executors, administrators legal representative and
successors and permitted assigns (as the case may be).
22.2 In case of the death of the Borrower, where the Borrower is an individual, the legal representative shall do the following:
(i) Apply under the Motor Vehicles Act, 1988 to get the Vehicle transferred in his name.
(ii) Replace the Post-Dated Cheques, insurance premium cheques, fees, charges and residual cheques signed by the deceased Borrower, in the same manner
as provided in this Agreement as if he were the Borrower in the first instance.
(iii) Execute a fresh agreement, Power of Attorney and such other documents, as required by the Bank.
Provided that the Bank shall be entitled to exercise its sole discretion in determining whether or not to enter into an agreement etc. with the legal representative
and subject to further, the legal representative meeting the Bank's credit criteria and other requirements from time to time.
In case the legal representative does not or refuses to follow the above procedure or does not meet with the Bank's credit and other requirements the Bank shall
 short fall on such recovery shall be recovered from the legal representative.
22.3 The Borrower shall not assign or transfer all or any of its rights, benefits and obligations hereunder except with the prior written permission of the Bank.

22.4 The Borrower agrees to bear the stamp duties payable on this Agreement. However, the Bank may pay the stamp duty which shall be reimbursed by the
Borrower forthwith. The paper, if any, required for the payment of the stamp duty may bear a reference to this Agreement concluded electronically as on this date and
such paper shall be deemed to form an integral part of this Agreement.
23. SECURITISATION / ASSIGNMENT
23.1 The Bank may in its discretion be absolutely entitled and have full power and authority to sell, securitise, assign or transfer in any manner, in whole or in part, and
in such manner and on such terms as the Bank may decide, including reserving a right to the Bank to retain its power hereunder to proceed against the Borrower on
behalf of the purchaser, assignee or transferee, any or all outstanding's and Dues of the Borrower to any third party of the Bank's choice without reference to or without
written intimation by the Bank or to the Bank, any such action and any such sale, securitization, assignment or transfer shall bind the Borrower to accept such third
party as creditor exclusively or as a joint creditor with the Bank or as creditor exclusively with the right to the Bank to continue to exercise all power hereunder on behalf
of such third party and to pay over such outstanding's and Dues to such third party and / or to the Bank as the Bank may direct.
23.2 The Borrower expressly agrees, recognizes and accepts that the Bank shall be absolutely entitled and shall have full power and authority to securitize in whole or
in part, and / or whether with or without the underlying security any of the First Loan, Additional Loan, along with all the amounts outstanding thereon, in such manner
and on such terms as the Bank may decide, irrespective of whether the Bank gives the Borrower any notice regarding the same.
23.3 The Bank may disclose to a potential assignee or to any person who may otherwise enter into contractual relations with the Bank in relation to this Agreement
such information about the Borrower, and/or the Loans as the Bank shall consider appropriate.

24. MISCELLANEOUS
24.1 Notwithstanding anything stated elsewhere in this agreement, the continuation of the loan shall be at sole and absolute discretion of the Bank and Borrower
outstanding shall be payable to the Bank on demand. The Bank may at any time in its sole discretion and without assigning any reason call upon the Borrower to pay
to the Bank the Borrower outstanding and thereupon the Borrower shall, within 48 hours of being so called upon, pay the whole of the Borrower outstanding to the
Bank without any delay or demur.
24.2 Notwithstanding anything mentioned in the facility documents the Borrower acknowledge that the Bank reserves an unconditional right to cancel/terminate
Borrower right to avail of or make drawals from the unavailed portion of the loan sanctioned at any time during the currency of the loan, without any prior notice to the
Borrower.
24.3 The Schedule attached hereto shall form part and parcel of this Agreement.
24.4 The Borrower expressly agrees that any dealer / supplier / manufacturer / seller of the Vehicle , by or through whom this transaction may have been introduced,
negotiated or conducted shall not be deemed to be an agent of the Bank nor shall be Bank be deemed to be the agent of such dealer/ supplier / the manufacturer /
seller of the Vehicle and that the Bank shall not be liable for any representations or statements made by such dealer / supplier / manufacturer/seller to the Borrower or
the Guarantor(s).
24.5 No forbearance, indulgence or relaxation or inaction by the Bank at any time to require performance of any of the provisions of this Agreement and/or any of the
Documents shall in any way affect, diminish or prejudice the right of the Bank to require performance of that provision and any waiver or acquiescence by any party of
or in any breach of any of the provisions of this Agreement and/or any of the Documents shall not be construed as a waiver of or acquiescence in any continuing or
succeeding breach of such provisions, a waiver of any right under or arising out of this Agreement and/or any of the Documents or acquiescence in or recognition of
rights and / or position other than that expressly stipulated in this Agreement and/or any of the Documents.
24.6 No modification or amendment of this Agreement and no waiver of any of the terms or conditions hereof shall be valid or binding unless made in writing and duly
executed by all the parties.
24.7 The Bank shall be entitled to disclose any and all information relating to the Obligor to any person whatsoever, including without limitation any credit information
to any credit information bureau and shall also be entitled to use all such information for statistics, scoring or credit rating or other versa.
24.8 In this Agreement, if the contract permits or requires words importing the masculine gender shall include the feminine and neuter genders, and words in the
singular number shall include the plural and vice versa.

25. GOVERNING LAW, JURISDICTION AND ARBITRATION.

This agreement shall be construed in accordance with the laws of India.
The Parties hereto expressly agree that all disputes arising out of and / or relating to this Agreement including any Collateral Document shall be subject to the exclusive
jurisdiction of the courts/tribunals of the city in which the Lending Office is situated. Provided that to the extent allowed by law, the Bank shall be entitled to take
proceedings relating to a dispute in any court/tribunal of any place with jurisdiction. Provided further that if any dispute arising under this Agreement is below the
pecuniary jurisdiction limit of the Debt Recovery Tribunals established under Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993), then such
dispute shall be referred to arbitration in accordance with the provisions of the Arbitration and Conciliation Act, 1996 as may be amended, or its re-enactment, by a sole
arbitrator, appointed by the Bank. The arbitration proceeding shall be conducted in the English language. The award passed by the arbitrator shall be final and binding on
the Parties. The costs of such arbitration shall be borne by the losing Party or otherwise as determined in the arbitration award. The venue of the arbitration shall be the
city in which the Lending Office is situate or such other place as may be determined by the Bank. If a party is required to enforce an arbitral award by legal action of any
kind, the party against whom such legal action is taken shall pay all reasonable costs and expenses and attorney's fees, including any cost of additional litigation or
arbitration taken by the party seeking to enforce the award.

26. EXPENSES OF THE AGREEMENT

All cost (includes legal costs) charges, expenses, taxes and duties, stamp duties and registration charges in connection with Agreement, the Documents, the creation,
enforcement, realization or attempted realization of security and the insuring taking possession of , maintaining, storage and selling of the Vehicle shall be borne and
paid by the Borrower alone. In the event the stamp charges as aforesaid are paid by the Bank on the Borrower's behalf, the Borrower shall reimburse the same at actuals
to the Bank within 24 hours of the Bank's demand.

27. ACCEPTANCE
27.1 The Borrower has read the entire Agreement including the Loan and Vehicle details given in Schedule which have been filled in the presence of the Borrower.
The Borrower hereby expressly and irrevocably agrees to be bound by all the conditions including the details in Schedule.
27.2 The aforementioned Agreement and other documents have been explained in the language known by the Borrower and the Borrower has understood the entire
meaning of the various clauses.
27.3 The Borrower is aware that the Bank shall agree to become a Party to this Agreement only after satisfying itself with regard to all conditions and details filled by
the Borrower in the Agreement in consonance with the Bank's policy.
27.4 The Borrower agrees that this Agreement shall be deemed to commence and become legally binding on the date on the acceptance of the agreement on the
Bank's online system/NetBanking/Website of HDFC Bank Ltd. It shall be in force till all the monies due and payable to the Bank under this Agreement as well as all
other agreements, Document(s) that may be subsisting / executed between the Borrower, and the Bank are fully paid.
27.5 Notwithstanding anything contained herein, this Agreement shall not terminate and shall continue to be valid and in existence till all obligations of the Obligor in
terms of this Agreement and all Collateral Documents (including in respect of the First Loan, Additional Loan(s) (if any) and all Dues) are discharged by the Obligor to
the complete satisfaction of the Bank and the Bank confirms its satisfaction in writing to the Obligor.
27.6 The Borrower hereby agrees and acknowledges that the Borrower is not/shall not and shall not in any manner be construed to be deemed to be entitled to the
grant of any Additional Loan by the Bank and hereby expressly waives any right (if such right is or becomes available to the Borrower) to question or in any manner
dispute the rejection by the Bank of any request made by the Borrower for grant of Additional Loan.
27.7 On clicking on "I Agree" on the Bank's online system/NetBanking/Website of HDFC Bank, it shall be construed that the Borrower has duly executed this
Agreement and accepts all the terms and conditions contained herein and shall not raise any demur or protest in relation to the same. The Borrower is aware that the
Bank shall agree to become a party to this Agreement only after satisfying itself with regards to all conditions and detail's filled by them in the Application for the Loan
and this Agreement is in consonance with the Bank's policy.
27.8 The Borrower understands and acknowledges that internet is not a necessarily a secure means of transmission. The Borrower acknowledges and accepts that
such transmission methods involve the risk of possible unauthorized alteration of data, unauthorized usage therefore for whatever purposes and/ or virus attacks. The
Borrower agrees to hold HDFC Bank free and harmless from all losses, costs, damages, expenses that maybe incurred by the Borrower due to any errors, delays or
problems in transmission or unauthorized/ illegal interception, alteration, manipulation of electronic data, virus attacks/ transmission to the Borrower's system or
otherwise caused by using Internet as a means for availing the Loan.
27.9 The Borrower hereby agrees, acknowledges and confirms that the Borrower is availing of the online Loan facility in accordance with the terms contained herein
entirely at its own risk and consequences.
27.10. Under no circumstances shall HDFC Bank be liable for any damages whatsoever whether such damages are direct, indirect, incidental consequential and
irrespective of whether any claim is based on loss of profit or revenue or anticipated savings, interruption of business, any loss of any goodwill, character or nature
whatsoever and whether sustained by the Borrower or by any other person and which may arise in respect of this Agreement.
27.11 This Agreement shall be governed by, and construed in accordance with, the laws of India. The Parties agree that if the process of the courts is required to be
 at the city in which the Bank's lending office is situated, shall have exclusive jurisdiction and both the parties hereto submit to the same.

27.12 All disputes, differences and/ or claims arising out of these presents or as to the construction, meaning or effect hereof or as to the rights and liabilities of the
Parties shall be settled by arbitration to be held in the city in which the Bank's lending office is situated, in accordance with the provisions of the Arbitration and
A
Conciliation Act, 1996 (or any statutory amendments thereof or any statute enacted for replacement thereof) and shall be referred to the sole arbitration of a person to
L
be nominated by the Bank. In the event of death, refusal, neglect, inability or incapability of the person so appointed to act as an arbitrator, the Bank may appoint a new
T
arbitrator. The award including interim award/ s of the arbitrator shall be final and binding on all parties concerned. The arbitrator may lay down from time to time the
C
procedure to be followed by him in conducting arbitration proceedings and shall conduct arbitration proceedings in such manner as he considers appropriate./
27.13 Notwithstanding anything contained in clauses 27.11 and 27.12, in the event that the Bank is under Applicable Law bound to refer/raise any dispute orV
3
difference under this Agreement before any Debt Recovery Tribunal established under Recovery of Debts due to Banks and Financial Institutions Act, 1993 (51 of
/
1993), such Debt Recovery Tribunal shall have exclusive jurisdiction over such dispute, difference or claim and the same shall not be referred to arbitration under
0
Clause 27.12 above. 7
/
1
The Borrower hereby expressly acknowledges and confirms that the Borrower has read, verified, understood, irrevocably agreed to and accepted all the terms and7
conditions contained in Clauses 1 to 27 (including sub clauses), the Schedule-cum-Key Fact Statement and all the contents of the Application (collectively, "Loan
Documents").
The Borrower confirms that the Borrower will be irrevocably and unconditionally signing, authenticating and delivering the Loan Documents by ticking the "I agree"
icon on the online system/NetBanking/Website of HDFC Bank as well as by entering the one time password (OTP) provided to the Borrower's registered mobile number
and that there is no requirement of any other signature or physical signature for the Loan Documents.
The Borrower also acknowledges that the Bank also does not require to sign the Loan Documents in any physical form and the mere disbursement of the Loan would
amount to an acceptance by the Bank for the purpose 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. The Bank may print
paper copies or produce in any such form at its discretion this document and my signing as aforesaid, and the same shall be fully binding on the Borrower and the
Borrower has no objection to such print-outs being produced by the Bank in evidence in any court, tribunal or otherwise, to prove the execution as well as the contents
of the contract.

Applied, Accepted, Authenticated, Signed and Delivered by the

Borrower through NetBanking using my NetBanking Customer ID
& Password, by ticking the "I agree" icon on the online
system/NetBanking/Website of HDFC Bank as well as by entering
the one time password (OTP)

Name: AMIT KUMAR

 Application is submitted on-line by the customer using his/her NetBanking cust ID and password on 17/12/2019 at 04:01 PM through IP Address 169.149.237.141.

Form No.:1070115339
LOAN SCHEDULE

SCHEDULE
Loan Agreement No. 1070115339 Place of Agreement
Agreement Date (DD/MM/YYYY) 17-Dec-2019 Borrowing Purpose (Personal / Personal
Commercial User)
Lending Office address
Borrowers Constitution Self Employed
AMIT KUMAR S/O KARTAR SINGH GUNIYALA DALHOUSIE T DALHOUSIE CHAMBA HIMACHAL PRADESH
Name & Address of the Borrower DALHOUSIE HIMACHAL PRADESH 176304
LOAN DETAILS
Loan Amount Rs.1449000/-
Installment Frequency Monthly Fixed Interest Rate (Customer - IRR) 8.60% per annum
Charges (Including Govt Taxes & Levies)
Processing Fee Amount (Non Refundable) : Rs. 1180/-
Cheque/ECS Swapping Charge: Rs.500/- per instance Cheque/SI/ECS Return Charges: Rs.550/- + Govt Taxes & Levies per instance.
Foreclosure Charges * Part-Payment Charges*:
No foreclosure allowed within 6 months from date of availing the car loan Part-payment is allowed subject to completion of 12 months (i.e., Post
6% of Principal Outstanding for preclosures within 1 year from 7th EMI payment of 12 EMIs)
5% of Principal Outstanding for preclosures within 13-24 months from 1st Part payment will be allowed twice only during loan tenure. Part payment is
EMI allowed only once a year. At any point of time, part payment will not increase
3% of Principal Outstanding for preclosures post 24 months from 1st EMI beyond 25% of Principal Outstanding.
5% on the part payment amount in case part prepayment is within 13-24
months from 1st EMI
3% on the part payment amount in case part prepayment is post 24 months
from 1st EMI

Loan Cancellation: Loan Re-schedulement & Re-Booking Charges:

In the event of cancellation, interest charges will be borne by the customer. Rs.1000/- will be charged. If changes are required on RC, refundable security
Processing Fee, Stamp Duty and RTO Charges (Used Car Purchase / Refinance / deposits - non interest bearing of Rs. 5000/- would be required. It will be the
Rewards) are non-refundable charges and would not be waived/refunded in case borrower's responsibility to provide the transferred Registration Certificate copy to
loan cancellation. Bank.
Stamp Duty: At Actuals. Overdue EMI Interest: 2% per month.
Legal, Repossession & incidental charge: At Actuals. CIBIL Report Charges (only on request): Rs. 50/-.
Collateral Charges: Rs.561/- per case** Duplicate No Due Certificate / NOC: Rs.500/- Instance.
Amortisation Schedule Charges: Rs. 200/- per schedule. LPG/CNC NOC / Other Special NOC: Rs. 500/- per instance.
Commercial / Personal use NOC: Rs. 2250/- per NOC (conversion subject to Credit Inter State NOC: Refundable Security Deposit (non-interest bearing) of Rs. 5000/-
Approval). will be taken. It will be borrower's responsibility to provide the transferred
Registration Certificate copy to the Bank. NOC charges of Rs .500/- would be
payable by the borrower.
*Foreclosure charges and part payment charges are exclusive of Govt Taxes & Levies. Govt Taxes & Levies and other Government levies, as applicable, would be charged
additionally.
**Collateral Charges / PDD Collection Charges are refundable in case of Loan Cancellation.
Details of Vehicle(s) cum Payment Instruction (Part of Schedule).
Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Vehicle 5
New / Used NEW
Make and Model and year of Manufacturer INNOVA CRYSTA-INNOVA CRYSTA GX
Asset Cost Rs. 1610000/-
Finance Amount Rs. 1449000/-
No. of EMI 60 months
EMI Amount Rs. 29798/-
No. of Adv. EMI. 0
Adv. EMI Amount Rs. 0/-
Processing Fees Rs. 1180/-
Interest Rate (Fixed) 8.60% per annum.
EMI Start Date 07-Jan-2020
EMI End Date 07-Dec-2024
Registration No.
Engine No.
Chassis No.
Name of the Dealer / Seller & Location. ANAND AUTO CARE PVT LTD

Applied, Accepted, Authenticated, Signed and Delivered by the

Borrower through NetBanking using my NetBanking Customer ID
& Password, by ticking the "I agree" icon on the online
 system/NetBanking/Website of HDFC Bank as well as by entering
the one time password (OTP)

Name: AMIT KUMAR

KEY FACT STATEMENT

Loan amount Rs. 1449000/-
Loan term 60 Months
Interest type (fixed or floating) Fixed
(a) Interest chargeable (In case of Floating Rate Loans) (a) Not Applicable
(b) Interest chargeable (In case of Fixed Rate Loans) Bank IRR = Customer IRR (b) 8.60% per annum
Date of reset of interest Not Applicable
Mode of communication of changes in interest rates Not Applicable
Fee payable
On application (Pl individually specify all type of fee ) Processing Fee (Non Refundable) Rs. 1180/-
During the term of the loan (Pl individually specify all type of fee ) In case of Cheque Bounce as per schedule.
On foreclosure (Pl individually specify all type of fee ) As per loan schedule
Collateral Charges Rs. 561/- (Inclusive of Govt Taxes & Levies) refundable in case
Fee refundable if loan not sanctioned/ disbursed. of Loan Cancellation.
Conversion charges for switching from floating to fixed interest and vice-versa Not Applicable
Penalty for delayed payments As per loan schedule
EMI payable Rs. 29798/-
Details of security/collateral obtained Hypothecation of Vehicle.
Date on which annual outstanding balance statement will be issued 31st May
Loan Number
Vehicle Model INNOVA CRYSTA GX
Invoice Price (Net of Discount, if applicable) Rs. 1610000/-
EMI Mode Arrears
Number of Advance EMI's NIL
Manufacturer Subvention NIL
DSA Plough back NIL
Dealer Subvention NIL
Stamp Duty Charges Rs. 200/-
Net Disbursement to Dealer Rs. 1447059/-

I have been clarified that the Customer Rate of Interest and Bank's Rate of Interest is the same.
I hereby undertake that any discount / subvention offered by the dealer / manufacturer / DSA would be upfront deducted from the Asset Cost and funding would be net of such
discount.
I explicitly understand that the Bank is not involved in any kind of discount / subvention negotiations with the dealer / manufacturer / DSA and the loan scheme does not factor
any such discounts in the interest rate computation.
I declare that the Invoice Price of Vehicle mentioned above is post deducting such discounts availed by me/ us from the dealer / manufacturer / DSA.
I authorize the Bank to disburse the payment in favour of ANAND AUTO CARE PVT LTD
I authorize the Bank to deduct processing fee, collateral charges and stamp charges as mentioned in the key fact sheet from the disbursement amount.

Applied, Accepted, Authenticated, Signed and Delivered by the

Borrower through NetBanking using my NetBanking Customer ID
& Password, by ticking the "I agree" icon on the online
system/NetBanking/Website of HDFC Bank as well as by entering
the one time password (OTP)

Name: AMIT KUMAR

 Application is submitted on-line by the customer using his/her NetBanking cust ID and password on 17/12/2019 at 04:01 PM through IP Address 169.149.237.141.

Form No.:1070115339

IRREVOCABLE POWER OF ATTORNEY

TO ALL TO WHOM THESE PRESENTS SHALL COME I, the undersigned ("Grantor/s" / "Borrower/s") confirm my details are set out in Schedule hereunder written.
The expression 'Grantor/s / "Borrower/s', unless it be repugnant to the context or meaning thereof, shall mean and include: in the event that the Grantor/s / 'Borrower/s is a
Company within the meaning of the Companies Act, 2013 or a Limited Liability Partnership, incorporated under the Limited Liability Partnership Act, 2008, its successors;
in the event that the Grantor/s / Borrower/s is a partnership firm for the purposes of the Indian Partnership Act, 1932, the partners for the time being and from time to time
and their respective legal heirs, executors and administrators; in the event that the Grantor/s / Borrower/s is a sole proprietorship, the sole proprietor and his/ her legal
heirs, administrators and executors; in the event that the Grantor/s / Borrower/s is a joint Hindu Undivided Family, the Karta and any or each of the adult members of the
HUF and their survivor(s) and his / her / their respective heirs, executors, administrators; in the event that the Grantor/s / Borrower/s is a Society, the members of the
governing body of the Society and any new members elected, appointed or co-opted thereon; in the event that the Grantor/s / 'Borrower/s is a Trust, the Trustee or
Trustees for the time being hereof and their respective heirs, executors, administrators and successors; in the event that the Borrower is an individual, his/her heirs,
administrators and executors.
WHEREAS:
1. HDFC BANK LIMITED. (hereinafter referred to as "the Bank" having one of its branches at the place mentioned in Schedule hereunder written (hereinafter referred to
as "the Lending Office") at the request of the Borrower as specified in an Agreement-cum-Guarantee, as mentioned in the Schedule hereunder ("the Agreement") has
granted / agreed to grant such amounts as mentioned in the Schedule hereunder ("the Loan") to the Borrower for acquiring the Asset more particularly described in the
Schedule hereunder written ("the said Asset").
2. Pursuant to the terms and conditions of the Agreement, the Borrower has agreed to hypothecate to and charge in favour of the Bank by way of first and exclusive
charge the said Asset more particularly described hereunder.
3. In consideration of the Bank sanctioning the Loan as per the terms and conditions of the Agreement, and to further assure and enable the Bank to carry out the terms
and conditions of the Agreement thereof l/ We do hereby execute an Irrevocable Power of Attorney in favour of the Bank to do the following acts and on behalf of me, the
Borrower.
NOW KNOWING ALL AND THESE PRESENTS WITNESS THAT I do hereby irrevocably nominate / constitute upon the Bank acting through any of its officers as my true and
lawful attorney for me on my behalf and at my cost and risk to do, execute and perform all or any of the following acts, deeds, matters and things that is to say:
1. To execute and complete in favour of the Bank or its nominee any documents which the Bank may require for perfecting its title to or for vesting the said Asset in the
Bank or its nominee or any purchaser thereof.
2. To disburse the loan amount for purchase of the said Asset directly to the dealer / seller and obtain a receipt for such payment from the dealer / seller.
3. To take inspection directly or to engage any Advocate, Chartered Accountant or registered trade practitioner for taking inspection of my Income tax return/s and
assessment proceedings, Appeal proceedings etc. relating to the current and previous Assessment years. This authority is being given to the Bank to enable the Bank to
verify the veracity of various representations made by me / us the undersigned, for seeking loan from the Bank.
4. To appear before the office of Registration Authority, Regional Transport Officer, Sales Tax Officer, Registrar of Companies and other authorities through Advocates or
any such authorised person deemed necessary by the Bank to effect endorsement of hypothecation in the registration certificate and transfer the Asset when necessary.
5. To obtain, receive, demand or collect any forms, certificates, registration books, booking order, insurance policies or other documents from any Registering Authority,
manufacturers of the said Asset and / or its dealers.
6. To take possession of the said Asset in case of default and for that purpose enter the premises where the said Asset is parked, as per terms of the Agreement.
7. To transfer, sell or dispose of the said Asset and to sign and execute all or any forms, declarations or instruments as may be necessary or expedient for giving effect
to the delivery of the said Asset to the purchaser thereof.
8. To appoint or engage any broker, dealer or auctioneer for effecting any such transfer, sale or disposition of the said Asset.
9. To sign, execute necessary forms, documents or to give notice to the appropriate Registering Authority for effecting transfer of the said Asset in favour of the
purchaser.
10. To receive the consideration of the sale, transfer, disposition or dealing of the said Asset and issue proper receipt or receipts to give a valid and effectual discharge
for such consideration.
11. To take delivery, actual possession or custody of the said Asset as and when demanded by the Bank.To appoint or engage any broker or other agent for taking
possession or effecting delivery of the said Asset.
12. To sign and deliver or otherwise perfect the hypothecation created or to be created on the said Asset and to do all such acts, deeds and things as may be required
for exercise of or any of the powers hereby conferred.
13. To sign and deliver the necessary forms that may be required to be filed or necessary with the Registering Authority or other authorities under the Motor Vehicles Act
or any other law for the time being in force to record the charge of hypothecation on the said Asset, created or to be created in favour of the Bank.
14. To pay any fees, charges, penalties, imposts, premiums, taxes or other impositions to any Registering Authority, insurance companies or other authorities for the
said Asset.
15. To act as a facilitator and make the premium payment to any insurance company and / or insure, renew such insurance at my / our costs, charges and expenses
which shall be reimbursed by me / us to the Bank.
16. To obtain, receive, demand or collect any forms, certificates, registration books, booking order, .insurance policies or other documents from any Registering
Authority, manufacturers of the said Asset or its dealers / sellers.
17. To cancel, annul or rescind booking of one or more of the said Asset and to get refund of any such booking amount from the manufacturer or its dealer by issuing
receipts as valid and effectual discharge for such refund.
18. To fill in and complete any cheque that may be lying now or hereafter with the Bank duly signed by me, or on our behalf with such amount, date and / or name of the
payee that may be deemed fit by the Bank.
19. To get requisite information from my employer as may be expedient to ascertain material particulars.
20. In case of default by me / us of the terms and conditions of the Agreement, to transfer, sell, give on hire, dispose of, give delivery of and otherwise howsoever deal
with the said Asset and to sign and execute all agreements, contracts, declaration forms, instruments and other writings whatsoever as may be necessary or expedient
in that behalf.
21. To give notice, if required to the appropriate Registering Authority and / or such other authority in law, for the registration of the said Asset upon the sale, transfer,
disposal, delivery thereof.
22. To delegate all, any or more than one of the powers, authorities and liberties herein vested and to appoint any substitute or substitutes to any one or more purpose
or purposes as the Bank shall from time to time desire in that behalf.
23. For the better doing, performing and executing all the matters and things aforesaid, l / We hereby further grant unto the said Bank full power and authority to
substitute and appoint in its place and stead on such terms as it may think fit one or more attorney/s to exercise for me / us as my / our attorney/s any or all the powers
and authorities hereby conferred, to revoke any such appointments and to substitute or appoint any other person/s in place of such attorney/s as the Bank may from time
to time think fit.
And generally to do, perform and execute, all acts, deeds, matters and things relating to or concerning or touching these presents as fully and effectually as if l were
personally and had been done, performed or executed the same myself.
This authority shall be binding upon me, the undersigned and my legal successors prior and post to the grant of the loan and shall be irrevocable during the tenure of the
loan and until all sums due and owing by me has been paid to the Bank.
And l / We hereby agree to ratify and confirm all and whatsoever the Bank shall do or cause to be done in or about the premises by virtue of these presents.
IN WITNESS WHEREOF I hereunto set my / our hands at the place and date mentioned in the Schedule hereunder written.

SCHEDULE
Name/s and address of Grantor/s / Borrower/s AMIT KUMAR DALHOUSIE
Address of Branch of HDFC Bank (Lending Office)
Date of Agreement 17/12/2019
Loan amount Rs. 1449000/-
Details of Asset INNOVA CRYSTA GX
ACCEPTED AND DELIVERED by the said above named Borrower

Applied, Accepted, Authenticated, Signed and Delivered by the

Borrower through NetBanking using my NetBanking Customer ID
& Password, by ticking the "I agree" icon on the online
system/NetBanking/Website of HDFC Bank as well as by entering
the one time password (OTP)

Name: AMIT KUMAR

 Application is submitted on-line by the customer using his/her NetBanking cust ID and password on 17/12/2019 at 04:01 PM through IP Address 169.149.237.141.

Form No.:1070115339

Customer SI Debit Authorisation Form

Date: 17/12/2019 Loan Agreement No:

To,
The Branch Manager,
HDFC BANK Limited,

Dear Sir / Madam,

I have taken a New Car Loan loan from HDFC Bank and would like to avail of the Standing Instruction facility offered by your bank to make repayments
towards my loan.

I, therefore, request you to accept this mandate to debit my HDFC Bank Account Number 50100163686821

towards recovery of repayment dues of my loan account as per due dates & terms and conditions mentioned in the loan agreement schedule or as per revised
instructions basis requirements as communicated from my end in line with the Bank's policy.

I undertake to maintain sufficient balances to cover the Loan Repayment Dues (and charges, if any) on the stipulated due dates. I also understand that the failure to repay
my loan amount through this standing 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.

Please treat this as an irrevocable communication as an authorization to debit my account every month with the required amounts towards the repayment of my loan.

In the event of the above account getting closed/transferred for any reason, I / We will intimate to the Bank the new account opened with the bank to debit the Loan
Repayment amounts as per the agreement. Further, I /We undertake the responsibility to provide the fresh set of Mandate and security PDCs for such new account, as
per terms of the agreement in lieu of existing instructions.

I also understand and accept that the Bank will have the right to set-off, without prior intimation to me, the available balances in the designated account for recovery of
overdue installments and/or charges (if any) in the loan account.

Thanking you,
Yours truly,

Applied, Accepted, Authenticated, Signed and Delivered by the

Borrower through NetBanking using my NetBanking Customer ID
& Password, by ticking the "I agree" icon on the online
system/NetBanking/Website of HDFC Bank as well as by entering
the one time password (OTP)

Name: AMIT KUMAR

Application is submitted on-line by the customer using his/her NetBanking cust ID and password on 17/12/2019 at 04:01 PM through IP Address 169.149.237.141.