Loan AgreementMITC - 1705588392880

2/25/2023 Personal Loan - Sanction and CMITC
Bajaj Finance Limited ("BFL") - Sanction Letter

Reference No.: B2C000015860545
Date: 2023-02-25
Kind Attn.: ABHAY KUMAR
Subject: Sanction of Personal loan from Bajaj Finance Limited for an amount of ₹ 110477.00 only
Dear Sir/Madam,
We thank you for choosing Bajaj Finance Limited (“BFL” which expression shall include our successors, transferers,
novatees and assigns) as your financial partner and look forward to an enduring relationship with you.
With reference to your loan application, we are pleased to extend to you a Personal Loan for an amount detailed
below subject to terms and conditions set out in this letter (“Sanction Letter”) and execution of the loan documents
between you, i.e. the “Borrower” and BFL and submission of other required documents detailed below.
TERMS AND CONDITIONS
Name of Borrower (s) ABHAY KUMAR
Name of Co NA
Borrower(s)
Product Type Personal Loan
Type of Loan NEW
Loan Variant Term Loan
Gross Loan Amount ₹ 110477.00

(including VAS ( ₹ One Lakh Ten Thousand Four Hundred and Seventy Seven Rupees Only)
Amount, Insurance
Premium &
Processing Fees) (in
₹) (in ₹)
Consent Details : Accepted IP Address : 2401:4900:3b27:530f:32c2:2eb0:d553:6f57 Language Name : EnglishApplication Number : B2C000015860545
Date & Time: 2023-02-25 16:08:24Mobile Number: 7903539151
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Top Up/Loan NA as per break up given below:

Conversion
Existing BFL Loan Account No. - 74ZRDPII670475
*Amount to be paid to Existing BFL Loan Account (A) – NA
*Top Up Loan Amount to be paid to Borrower/ Non-BFL Loan Account(s) before

Deductions (B) - NA
*Total Loan Amount (A+B) – NA
*The Loan amount may vary after including applicable interest till the date of
closure of existing loan(s) or payment of EMI(s) in existing loan(s) during the
process of processing Top-Up/conversion request. Exact amount will be
communicated to you by welcome letter/SMS/bitly communication. The Loan
amount shall be disbursed after deduction of applicable fees and charges as
mentioned in the Fees & Charges section.
Loan Tenure (In Total Loan Tenure - 36

Months)
Hybrid Flexi Loan
a) Initial Tenure - NA
b) Subsequent Tenure - NA
Purpose of Loan Other
Interest Type Fixed
Method of Reducing Balance

computation of
Interest rate
Annualized Interest 36.12%

Rate (% p.a)
Monthly Term Loan/Flexi Term Loan – ₹ 5068

Instalment/Equated
Monthly Instalment Hybrid Flexi Loan
(EMI)* a) EMI for initial tenure – NA
(In ₹) b) EMI for subsequent tenure - NA
Interest Rate Interest rate applicable for unsecured Personal Loans 13% p.a. to 39% p.a., may
Methodology vary basis the BFL’s internal credit and risk policy and as per algorithmic
multivariate score card which includes following variables (inclusive and not
exhaustive):
. Interest rate risk (fixed vs floating loan)
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. Credit and default risk in the related business segment

. Historical performance of similar homogeneous clients
. Profile of the borrower
. Industry Segment
. Repayment track record of the borrower
. Nature and value of collateral security
. Secured Vs unsecured loan
. Subvention available
. Ticket size of loan
. Bureau Score
. Tenure of Loan
. Location delinquency and collection performance
. Customer Indebtedness (other existing loans)
The aforesaid variables may be revised from time to time as per the Lender’s
past performance in a given loan portfolio.
Repayment Schedule Detailed Loan Repayment Schedule covering EMI dates with bifurcation of
principal and interest component will be shared in Welcome Letter and same
can be accessed through customer portal – ‘Experia’ (https://customer-
login.bajajfinserv.in/). Welcome Letter will be shared post creation of loan
account.
Deductions from Loan Processing fees (Inclusive of : ₹ 4178

Amount applicable taxes plus cess)
:Group Health Insurance ₹ 699
premium
Group Life Insurance premium : ₹ 4600
**This amount may vary due to variance in net disbursable amount (during the
process of Top-Up/conversion request, net disbursable amount may change on
account of application of interest till the date of closure of existing loan(s) or
payment of EMI(s) in existing loan(s)). Exact amount will be communicated to
you by welcome letter/SMS/bitly communication.
Fees & Charges Processing Fees

Levied by BFL
upto 3.93% of Total Loan Amount including Loan Amount sanctioned for
Insurance/ VAS products (Inclusive of applicable taxes)
Stamp Duty (as per respective state)
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Payable as per state laws and deducted upfront from the Total Loan Amount
Pre-payment Charges
Full pre-payment
Term Loan : 4.72% (Inclusive of applicable taxes) on the outstanding loan

amount as on the date of Full Pre-payment.
Part pre-payment
Term Loan : 4.72% (Inclusive of applicable taxes) of the principal amount of

Loan prepaid on the date of such Part Pre-Payment
Pre-payment charges are not applicable for Micro Finance Personal Loan.
Penal Interest
Delay in payment of Monthly instalment shall attract penal interest at the rate of
3.5% per month on the Monthly Instalment outstanding, from the respective
due date until the date of receipt.
Broken Period Interest/Pre-EMI Interest
"Broken Period Interest/Pre-EMI Interest" shall mean the amount of interest on

Loan for the number of day(s) which is (are):
Scenario 1: Over and above the period of 30 (thirty) days from the date of
disbursement of the Loan
Method of recovery of Broken Period Interest/Pre-EMI Interest:

For Term Loan: Deduct from disbursement
For Flexi Term Loan (Flexi Dropline): Added to first instalment amount
For Flexi Hybrid Loan: Added to first instalment amount
Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of
the Loan, Interest on first instalment will be charged for actual number of days
Mandate Rejection Charges
₹ 450/- per month from the first month of due date for mandate rejected by
customer’s bank until the new mandate is registered
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Financial Fitness Report (FFR)/Credit Vidya Report (If availed)
₹ 1999/- (Inclusive of applicable taxes)
EMI Network Card Fee (If availed)
Add-on EMI Network Card Fee (If availed)
EMI Network card Annual fee
₹ 117/- (Inclusive of applicable taxes) for each card availed

Annual fee will only be charged to the respective Card holders who have not
availed any loan using such Card in the preceding year. The duration of the
preceding year is calculated 12 months from last year’s validity month, which is
printed on the face of your respective Card. For example, If the Card is issued in
the month of February 2019 (referred to as ‘Member Since’, on the Card) the date
for payment of the annual fee will be March, 2020.
Bounce Charges
₹ 700/- per bounce in case of default by reason of repayment instruments(s)

being dishonoured.
“Additional cess/ taxes, if any, will be applicable on all charges as per the
respective State Laws as may be applicable from time to time.”
The aforementioned charges/fees may be modified by Bajaj Finance Limited
from time to time upon prior intimation via Acceptable Modes of Communication
from Bajaj Finance Limited in this regard.
Sanction Letter The sanction is valid for a period of 30 days from the date of this sanction letter.
Validity
General Terms & . Bajaj Finance Limited reserves the right to amend any of the terms and
Conditions conditions or cancel or recall or accelerate the loan facility as per the
terms & conditions more particularly stated in loan
Agreement/CMITC/Detailed Terms and Conditions.
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. Further, BFL may, absolutely and unconditionally, reduce, revoke, cancel

and/or modify any undrawn amount (in whole or part), if any, from the
sanctioned amount, at its discretion, at any time, without giving any
prior notice to the Borrower(s) or without assigning any reasons thereof.
. All the terms and conditions mentioned in this letter are subject to the
execution of the Loan agreement/Loan terms
. The Borrower shall be liable to pay all fee and charges as stipulated in
Loan Documents.
. The Borrower(s) understands, confirms and agrees that sufficient funds
shall be made available in the bank account to honour the loan
repayment commitment, else, BFL shall be entitled to present such the
NACH mandate or any other electronic payment mandate on multiple
dates till realization of loan dues. Further on return/dishonor of the re-
payment mandate will result in Bounce Charges being added to the
outstanding dues.
. Borrower Agrees that the timely repayment of loan as per the EMI due
date is important and necessary to be adhered by Borrower without
exception else the loan account shall be flagged as overdue as per
Regulatory Guidelines and the same is detailed below, for ease of your
understanding: -
REGULATORY REQUIREMENT ILLUSTRATION
Classification Criteria for classification of Loan Date of payment of

as Special account, is based on Non-receipt of Loan Dues ( January
Mention Principal or interest payment or any 07, 2022) & its
Account other amount wholly or partly classification upon
(SMA) / Non- overdue (shortly referred below as non-payment
Performing “Loan Dues”)
Asset (NPA)
SMA-0 Non-receipt of Loan Dues till 30 days SMA-0: Upto

from the Due Date. February 05, 2022
SMA-1 Non-receipt of Loan Dues for more SMA-1: On February

than 30 days and upto 60 days from 06, 2022, it shall be
the Due Date. classified as SMA-1
if complete loan
dues are not paid
to BFL.
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SMA-2 Non-receipt of Loan Dues for more SMA-2: On March

than 60 days and upto 90 days from 08, 2022, it shall be
the Due Date. classified as SMA-2
if complete loan
dues are not paid
to BFL.
NPA Non-receipt of Loan Dues as of 91st NPA: On April 07,

day from the Due Date. 2022, it shall be
classified as NPA if
complete loan dues
are not paid to BFL.
*EMI amount mentioned above is considering full loan amount utilisation
By entering the one-time password (“OTP”) sent by Bajaj Finance Limited or by providing physical signature on this
Sanction Letter or by clicking on the “I Agree” button, the Applicant hereby confirm that he/she/they (i) is/are at least
18 years of age, (ii) can understand, read and access the world wide web / internet in English language, (iii) have
read, understood and agree to be bound by the terms in this Sanction Letter. (iv) understand/s that this action
constitutes a valid acceptance of the terms and conditions contained herein, which shall have binding effect on
me/us.
Date: 2023-02-25
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Bajaj Finance Limited ("BFL") - Commercial cum Most Important

Terms and Conditions ("MITC")
By checking/clicking on the 'I Agree' or similar button or by entering the One-Time Password (“OTP”) sent by BFL
or by providing physical signature on this Most Important Terms and Conditions (" MITC"), the Borrower(s) hereby
agrees and acknowledges that the Borrower(s): (i) is at least 18 years of age, (ii) can understand, read and write in
the English language, (iii) have read and understood the MITC in relation to the Loan including First Part, Second
Part, " Commercial Terms" and (iv) agree to be bound by such Commercial Terms contained herein in relation to the
Loan.
I agree that my action of entering the OTP sent by the BFL and/or clicking the 'I Agree' button or providing my
physical signature on the MITC and Commercial Terms, constitutes a valid acceptance by me.
FIRST PART
Date of Execution : 25/2/2023
Place of Execution/ Electronic Authentication : JANDAHA
Loan Application Number : B2C000015860545
Loan sanctioned by the lender to the Borrower(s) in ₹ : ₹ 110477.00
Loan sanctioned by the lender to the Borrower(s) in words : ₹ One Lakh Ten Thousand Four Hundred
and Seventy Seven Rupees Only
Details of the Borrower(s)

Name : ABHAY KUMAR
Mobile : 7903539151
GSTIN : NA
Address of Residence : S/O ARJUN DAS VILL HARIPRASAD MARAI VAISHALI JANDAHA
JANDAHA BIHAR 844501
Address of communication : S/O ARJUN DAS VILL HARIPRASAD MARAI VAISHALI JANDAHA
JANDAHA BIHAR 844501
Type of Borrower(s) : Individual
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Details of the Co-Borrower (If any)

Name : NA
Mobile : NA
GSTIN : NA
Address of Residence : NA
Address of communication : NA
Type of Borrower(s) : NA
SECOND PART
Loan Details
Product type : Personal Loan
Type of Loan : NEW
Loan Variant : Term Loan
Approved Loan Amount (In ₹) : ₹ 101000.00
Gross Loan Amount (including VAS Amount, : ₹ 110477.00

Insurance Premium & Processing Fees) (In ₹)
Amount requested for immediate disbursal [1] : ₹ 100453.00

(in ₹)
Amount available for further disbursal [1] (in ₹) : NA
Annualised rate of interest (% per annum) : 36.12%

Processing Fees (in %) (Inclusive of applicable : 3.93%
taxes)
Method of calculation of interest : Reducing Balance
Type of Interest rate : Fixed
EMI Amount for Term Loan/ Flexi Term Loan (In : ₹ 5068
₹)
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Loan tenure (In Months) : 36
EMI amount - Initial loan tenure - Flexi Hybrid : NA

Loan (In ₹)
EMI amount - Subsequent loan tenure - Flexi : NA

Hybrid Loan (In ₹)
Initial loan tenure for Flexi Hybrid Loan (In : NA

Months)
Subsequent loan tenure for Flexi Hybrid Loan : NA

(In Months)
First EMI date [2] : 2/4/2023
Mode of Payment (Repayment Mode) : ECS
HEALTH PLUS : : ₹ 699
HDFC GROUP TERM INSURANCE : : ₹ 4600
[1] This amount may vary basis date of disbursement and applicability of Broken Period Interest/ Pre-EMI
Interest.
[2] In case your loan is booked on or before 10th of the month in which loan has been applied, the 1st EMI
payable by you shall be due and payable on the 02nd of the “following” month and in case your loan is
booked after 10th of the month in which loan has been applied, the 1st EMI payable by you shall be due and
payable only on the 02nd of the “Next to Next” month of booking your loan. For example, if the loan is
booked post 10th of January, the 1st EMI amount shall be due and payable on 02nd of March and so on.
To view nomenclature of Loan Details in your preferred language Click here

(https://www.bajajfinserv.in/loan-details-and-deductions-translation)
Deductions
Processing fees (Inclusive of applicable taxes : ₹ 4178

plus cess)
Group Health Insurance premium : ₹ 699
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Group Life Insurance premium : ₹ 4600
Broken Period Interest/Pre-EMI Interest : The interest charged for the number of day(s) which
is / are over and above the period of thirty (30) days
from the date of Disbursement of the Loan to till the
date of EMI commencement.
**This amount may vary due to variance in net disbursable amount (during the process of Top-Up/conversion
request, net disbursable amount may change on account of application of interest till the date of closure of
existing loan(s) or payment of EMI(s) in existing loan(s)). Exact amount will be communicated to you by
welcome letter/SMS/bitly communication.
To view nomenclature of charges shown in the Deductions section, in your preferred language Click here
(https://www.bajajfinserv.in/loan-details-and-deductions-translation)
Loan Disbursement Mode
Account Transfer (RTGS/NEFT/IMPS) of Borrower
(i) Bank name : CANARA BANK
(ii) Account Type : Savings
(iii) Bank IFSC : CNRB0004590
(iv) A/c holder name as per bank account : ABHAY KUMAR
(v) Bank Account No : 4590108005161
Account payee cheque
(i) Cheque in favour of : NA
(ii) Cheque in favour of : NA
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(iii) Cheque in favour of : NA
(iv) Cheque in favour of : NA
(v) Cheque in favour of : NA
Additional Details for Additional Loan/Top up Loan and Loan Variant conversion (if availed)
(i) Existing BFL Loan Account Number : 74ZRDPII670475
(ii) Amount being paid to Existing BFL Loan : NA

Account*
(iii) Amount being paid to Borrower/ Non-BFL : NA

Loan Account(s) before Deductions before
Deductions*
* Basis the request made by Borrower, the loan amount may vary after including applicable interest till the
date of closure of existing loan(s) or payment of EMI(s) in existing loan(s) during the processing of Top-
Up/conversion request received by BFL. Exact loan amount comprising of all details shall be communicated
to Borrower through welcome letter/SMS/bitly communication.
Existing NACH / Electronic payment & KYC Consent/Instructions
Use of existing ECS /NACH  Yes No

(Not applicable for New to Bajaj Customers)
Use of existing KYC documents 

Yes No
(In case of no change in existing KYC details)(Not
applicable for New to Bajaj Customers)
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Details of NACH / Electronic payment / Repayment Bank
Bank Name CANARA BANK
Bank Account Number 4590108005161
ECS Limit/Amount ₹ 47333.00
Fees & Charges Levied by BFL
Processing Fees
upto 3.93% of Total Loan Amount including Loan Amount sanctioned for Insurance/ VAS products
(Inclusive of applicable taxes)
Stamp Duty (as per respective state)
Payable as per state laws and deducted upfront from the Total Loan Amount
Pre-payment Charges
Full pre-payment
Term Loan : 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of Full
Pre-payment.
Part pre-payment
Term Loan : 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of
such Part Pre-Payment
Pre-payment charges are not applicable for Micro Finance Personal Loan.
Penal Interest
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Delay in payment of Monthly instalment shall attract penal interest at the rate of 3.5% per month on the
Monthly Instalment outstanding, from the respective due date until the date of receipt.
Broken Period Interest/Pre-EMI Interest
"Broken Period Interest/Pre-EMI Interest" shall mean the amount of interest on Loan for the number of
day(s) which is (are):
Scenario 1: Over and above the period of 30 (thirty) days from the date of disbursement of the Loan
Method of recovery of Broken Period Interest/Pre-EMI Interest:

For Term Loan: Deduct from disbursement
For Flexi Term Loan (Flexi Dropline): Added to first instalment amount
For Flexi Hybrid Loan: Added to first instalment amount
Scenario 2: Less than period of 30 (thirty) days from the date of disbursement of the Loan, Interest on first
instalment will be charged for actual number of days
Mandate Rejection Charges
₹ 450/- per month from the first month of due date for mandate rejected by customer’s bank until the
new mandate is registered
Financial Fitness Report (FFR)/Credit Vidya Report (If availed)
EMI Network Card Fee (If availed)
Add-on EMI Network Card Fee (If availed)
EMI Network card Annual fee
₹ 117/- (Inclusive of applicable taxes) for each card availed
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Annual fee will only be charged to the respective Card holders who have not availed any loan using such
Card in the preceding year. The duration of the preceding year is calculated 12 months from last year’s
validity month, which is printed on the face of your respective Card. For example, If the Card is issued in the
month of February 2019 (referred to as ‘Member Since’, on the Card) the date for payment of the annual fee
will be March, 2020.
Bounce Charges
₹ 700/- per bounce in case of default by reason of repayment instruments(s) being dishonoured.
“Additional cess/ taxes, if any, will be applicable on all charges as per the respective State Laws as
may be applicable from time to time.”
The aforementioned charges/fees may be modified by Bajaj Finance Limited from time to time upon prior
intimation via Acceptable Modes of Communication from Bajaj Finance Limited in this regard.
Loan Repayment (Amortization) Schedule
Detailed Loan Repayment Schedule covering EMI dates with bifurcation of principal and interest component
will be shared in Welcome Letter and same can be accessed through customer portal – ‘Experia’
(https://customer-login.bajajfinserv.in/). Welcome Letter will be shared post creation of loan account.
MOST IMPORTANT TERMS AND CONDITIONS ("MITC")

All capitalised terms used but not defined in these MITC shall have the respective meanings assigned to them under
the Detailed Terms and Conditions
I hereby agree, confirm and authorize:
1. That I have read and understood the Detailed Terms and Conditions applicable to Loans (" Detailed Terms ")
prescribed by BFL and available on Website (https://www.bajajfinserv.in/forms-centre) and understand the
applicability of the same on availing the Loan and hereby agree to be bound by the same at all times including
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any additions/amendments thereto from time to time. I agree to keep myself updated of any revisions in the
Detailed Terms as may be communicated by BFL through any Acceptable Means of Communication (as defined
in the Detailed Terms). )
2. That I shall be liable to repay the following to BFL:
a) The outstanding principal amount of the Loan along with interest (on an annualized rate basis) on or
before Due Date, as mentioned in the Commercial Terms, above, through EMI (" EMI").
b) Fees, interest, charges and penalties as mentioned in the Commercial Terms hereto, in relation to the
Loan, in the form, substance and manner acceptable to BFL (together referred to as " Outstanding Amount
").
3. That BFL reserves the right to modify/amend fees and/or charges/terms in relation to the Loan, from time to
time. The fees and charges levied shall be non-refundable and non- transferable in nature. Any such
amendment/revision/addition in Interest Rate and other fee or charges shall be applied prospectively and shall
be notified through Acceptable Means of Communication. I hereby agree to keep myself abreast with all
notifications/ changes published from time to time on the https://www.bajajfinserv.in/all-fees-and-charges
(https://www.bajajfinserv.in/all-fees-and-charges) in this regard and shall be bound by said the
changes/amendments.
4. That the statement of account issued by BFL and sent by email to me on my email address or mobile number,
registered with BFL or can be displayed at the Company Portal, on monthly basis, regarding the balance amount
due and payable as per the terms of the Loan Document shall be conclusive proof of the correctness of the
amount payable by me.
5. That I have applied for the Loan from BFL, for my personal use. I understand and confirm that I will not use the
said loan for any illegal, speculative, nefarious, fraudulent or unlawful purposes.
6. That the EMI amount payable and/or the repayment schedule, may change due to changes in any charges,
interest, fees, statutory taxes, imposts, levies. Such changes shall be communicated, through Acceptable Means
of Communications and will apply prospectively.
7. That, Interest Rate specified by BFL is fixed rate of interest, unless otherwise expressly mentioned in
Commercial Terms. The Interest Rate payable shall be subject to changes based on guidelines / directives
issued by RBI from time to time.
8. That the Loan amount provided to me shall be after deduction of the amounts payable for the cross-sell
products availed by me and the processing fee/ such other amount, as specifically detailed in Deductions
section of the Second Part, above.
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9. That I shall be liable to pay Broken Period Interest/Pre-EMI Interest from the date of Disbursement of Loan
Amount, as specifically detailed under Commercial Terms, above.
10. That I have submitted Cheque or NACH or Electronic Payment Instructions in favour of BFL for payment of my
Monthly Instalments, re-payment of all the Outstanding Amounts and repayment any other loan that have
been/may be availed by me. I shall forthwith issue fresh Cheque or NACH or Electronic Payment Instructions to
BFL, if there is any revision in the repayment schedule/ EMI by BFL.
11. That in case of occurrence of default by reason of dishonour of Cheque or NACH or Electronic Payment
Instructions provided by me, I shall be liable to pay to BFL the bounce charges (" Bounce Charges") as
mentioned under Commercial Terms above, per each dishonour event occurrence.
12. In the event of any default in repayment of the Outstanding Amount, I shall be liable to pay penal interest ("
Penal Interest") at the rate/or amount as specified in the Commercial Terms, stated above, from the date of
default till the date of realization by BFL without prejudice to any other rights of BFL under the terms stated in
Loan Documents.
13. Notwithstanding anything stated elsewhere in the Loan Documents, BFL may at any time in its sole and
absolute discretion and without assigning any reason call upon to re-pay the Outstanding Amount and
thereupon I shall, within 15 days of being so called upon, pay the whole of the Outstanding Amount to BFL
without any delay or demur.
14. Foreclosure/Full Pre-Payment - Foreclosure of the Loan shall be subject to payment of minimum EMI and
subject to payment of the applicable Foreclosure(Full-Prepayment) Charges as mentioned in Second Part.
15. Part Pre-Payment - Part pre-repayment of the Outstanding Amount, shall be subject to payment of minimum
EMI and subject to payment of the applicable Part-pre-Payment Charges as mentioned in Second Part. Based on
the part Pre-Payment made, either my Loan Tenure shall be reduced to the extent of the amount part pre-paid
or EMI amount shall be reduced by maintaining the existing Loan Tenure. I further agree that the Part Pre-
Payment shall have to be made from my bank account. Any payment made through third party lender by
online transfer or by issuance of Demand Draft/pay order shall be considered as a repayment of the
Outstanding Amount.
16. That I expressly recognize and accept that BFL shall, without prejudice to its rights to perform such activities
itself or through its officers/ employees, be entitled and has full power and authority to appoint one or more
third parties as BFL may select and to delegate to such third party/agent, all or any of its functions rights and
powers, relating to the authority to collect and receive on behalf of BFL all dues, unpaid instalments, any other
amount due and to perform and execute all lawful acts, deeds, matters and things connected therewith and
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incidental thereto. I further agree and accept that such authorised third party/agent and their personnel are
permitted to visit my home/office or the place where I may be located, for collection of loan dues if any and I
hereby waive my right to raise any protest/objection against such visit.
17. I agree that any notice to be given to me in respect of this Loan shall be deemed to have been validly given if
served on me or sent by registered post to my address or sent by way of an email on my registered email
address of the as per BFL's records or through any other Acceptable Means of Communication.
18. That BFL shall at any time, be entitled to, sell, assign, discount or transfer all/ any part of BFL's right and
obligations under the Loan Documents, to any person(s) and in such manner and on such terms as BFL may
decide. I shall not be entitled to directly or indirectly assign or in any manner transfer, whether in whole or
part, any rights, the benefit or obligation under the Loan Documents
19. In case of Flexi Term Loan, following conditions shall apply:
(i) The roll over amount / Outstanding Amount shall be reduced on a monthly basis such that the
Outstanding Amount shall be reduced to zero at the end of Loan Tenure;
(ii) The reduction of the roll over amount / Outstanding Amount as provided in Clause above, shall be either
through:
(a) the equated principle repayment method under which the rollover amount/Outstanding Amount
will be reduced/ deducted on an equated basis during the Loan Tenure (' Equated Principle
Repayment Method'), or
(b) the written down value method under which the rollover amount/Outstanding Amount will be
reduced/ deducted on reducing balance basis during the Loan Tenure (' Written Down Value
Method'), as prescribed by the BFL
(iii) The EMI may comprise of equal instalments or variable instalments or interest only instalments.
(iv) BFL may, at any time during the Loan Tenure, in its sole and absolute discretion and/or in accordance with
the BFL's internal policy, change the Loan variant from Flexi Term Loan to term loan or to such other
variant of Loan as contemplated under these terms and may accordingly revise the EMI and repayment
schedule of the Loan and I agree to bound by revised repayment schedule.
20. In case of Flexi Hybrid Loan, following conditions shall apply:
(i) I shall be obliged to pay EMI comprising only of the interest component, during the Initial Tenure and
during the Subsequent Tenure, the EMI shall comprise of the principal amount of the Personal Loan and
interest.
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(ii) I shall, during the Subsequent Tenure, repay Outstanding Dues in a manner that Outstanding Dues are
reduced to zero at the end of Loan Tenure, through Equated Principle Repayment Method or Written Down
Value Method, as may be prescribed by the BFL.
(iii) BFL may, at any time during the Loan Tenure, in its sole and absolute discretion and/or in accordance with
the BFL's internal policy, change the Loan variant from Flexi Hybrid Loan to term loan or to such other
variant of Loan as contemplated under these terms and may accordingly revise the EMI and repayment
schedule of the Loan and I agree to bound by revised repayment schedule.
21. BFL may, at its sole and absolute discretion, grant facility of Flexi Drawdown under the Flexi Term Loan and Flexi
Hybrid Loan on below terms and conditions and Detailed Terms & conditions:
(i) I shall be eligible to make drawdown for an amount less than or equivalent to the amount of prepayment
made by me.
(ii) For availing the Flexi Drawdown, I agree to the following conditions:
a) That I shall request for a Flexi Drawdown by sending a Communication through Acceptable means
of Communication, or by raising request on Mobile/Web Application of BFL, as per the process
prescribed by BFL and as specifically detailed under the Detailed Terms & Conditions;
b) to pay an additional charge at the rate prescribed by the BFL from time to time; and
c) that the rate of interest and other repayment terms may be revised at the sole discretion of the BFL
and the same shall be as informed to me through Acceptable means of Communication.
d) BFL reserves the right to either accept or reject Flexi Drawdowns or disallow further Flexi
Drawdowns, in accordance with BFL’s internal policy or for any other reason deemed fit by BFL in its
sole and absolute discretion.
22. Notwithstanding anything contained herein, the gross loan amount/approved loan amount/sanctioned loan
amount mentioned in these terms is not final/conclusive and may be revised by BFL at its sole discretion.
Further such amount remains contingent upon BFL’s internal credit check and policies and the final approved
amount will be communicated to me, through Electronic Media by BFL, in which case such revised amount shall
remain final and binding on the me.
23. These terms and the annexures/schedules attached hereto embodies the entire understanding between me
and BFL, with respect to the subject matter and shall supersede any/all previous communications,
representations or understandings, either oral or written, between the me and BFL.
(i) Principal Holiday
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24. If the EMI/Monthly Instalment due date in respect of loan falls on a day which is not a Business Day,
EM/Monthly Instalment shall be presented on immediate next Business day for such EMI/Monthly Instalment
payment
25. I hereby agrees and acknowledges that, after disbursal of loan amount, any request for cancellation will not be
entertained. However, I will have the option to foreclose the loan subject to: (i) adherence of terms of this
CMITC; (ii) payment of interest till date of foreclosure of loan (iii) payment of applicable foreclosure charges as
stated in the Second Part. Further, the fees and charges paid/collected/deducted in relation to such loan is NOT
refundable.
26. I understand, confirm and agree that the BFL shall, at its sole discretion, at multiple occasions and on different
dates, present in the my bank account, the ECS/ NACH mandate or any other electronic or other clearing
mandate (given by the me in favour of the BFL covering all the Outstanding Dues) which returns unpaid, for
recovering the Outstanding Dues from me and until realization of all Outstanding Dues. I agrees and undertakes
not to dispute, complain or object to such presentations by the BFL. Further, I understands and agrees that
return of Cheque or ECS/ NACH mandate or any other electronic or other clearing mandate, will result in Bounce
Charges being added to the Outstanding Amount, for each return/dishonour.
27. The Disbursement of the Loan may be made directly to me in one lump sum or in such Instalments as per the
details provided under the Application Form and First Part or as may be requested by me. I agrees that on
account of partial disbursement as per my request or pre-payment of Loan amount or on availment of Flexi
Drawdown, repayment terms including but not limited to EMI’s may be revised at the sole discretion of the BFL
and the same shall be informed to me through Accepted Mode of Communication
28. I hereby agree and acknowledges that BFL may, at its sole and absolute discretion and at my request, subject
to payment of the fee/charges as provided for in Second Part above, avail the following options:
At my request, BFL may allow for reduction of EMI and accordingly the revised repayment schedule shall be
binding upon me. The said facility will be available at sole and absolute discretion of the BFL and is subject to
BFL’s internal policies/criteria’s including but not limited to:
(a) This facility will be available twice in the Loan Tenure where 25 % (twenty-five percent) of my
Outstanding Dues has been paid and cannot be availed more than once in a year.
(b) Loan Tenure can be extended by 3 (three) months on availing the said Principal Holiday option
(c) Principal Holiday option cannot be availed in following scenarios:
(a) in the last 6 (six) months of the Loan Tenure
(b) EMI is bounced/dishonoured in last 12 (twelve) months of raising such request
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(ii) Increase EMI
At my request, BFL may allow for increase of EMI and accordingly the revised repayment schedule shall be
binding upon me. The said facility will be available at sole and absolute discretion of the BFL and is subject to
internal policies/criteria’s including but not limited to:
(a) Increase EMI option can be availed by the Borrower, anytime during the Loan Tenure.
(b) Increase EMI option cannot be availed, where EMI is bounced in last 12 (twelve) months of raising
such request.
29. Notwithstanding anything contained herein, I hereby agree and acknowledge that in case I avail the Loan, for
the purpose of Accommodation Expenses and provides the Bank Account details of my landlord, for
disbursement of loan amount or part of loan amount availed by me, in such Bank Account, then I hereby
unconditionally acknowledge and accept that:
(i) shall be liable to pay the entire loan amount availed by me, including any amount disbursed by BFL in
Accommodator’s Bank Account on my request.
(ii) shall be responsible for providing true/correct Bank Account details of the Accommodator
(iii) BFL is disbursing the loan amount or part of loan amount in Accommodators’s Bank Account (details of
which are provided by the me in the Application Form) only on my instructions of the and BFL shall not
be liable in any manner whatsoever for any incorrect details provided by me.
30. In the event security deposit is being placed in fixed deposit in the name of Accommodator with BFL, I hereby
represent and warrant that, such request is made basis the oral consent of Accommodator obtained by me for
placing security deposit amount which is being financed by BFL to me. The amount availed by me under this
loan shall be placed in the name of Accommodator by way of fixed deposit with BFL and also intimated to
Accommodator that, after fixed deposit is booked with BFL, the same cannot be pre-maturely closed within
period of 3 months from the date of booking. Accordingly, I hereby authorize BFL to contact the Accommodator
for initiating steps for booking fixed deposit in the name of Accommodator.
31. Borrower agrees that the timely repayment of loan as per the EMI due date is important and necessary to be
adhered by Borrower without exception, else the loan account shall be flagged as overdue as per Regulatory
guidelines and the same is detailed below, for ease of your understanding:
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Classification as Criteria for classification of Loan Account, is based Date of Payment of Loan
Special Mention on Non-receipt of Principal or interest payment or Dues ( January 07, 2022) &
Account (SMA) / any other amount wholly or partly overdue (shortly its classification upon non-
Non-Performing referred below as “Loan Dues”) payment
Asset (NPA)
SMA-0 Non-receipt of Loan Dues till 30 days from Due Date SMA-0: Upto February 05,
2022
SMA-1 Non-receipt of Loan Dues for more than 30 days and SMA-1: On February 06,
upto 60 days from the Due Date. 2022, it shall be classified
as SMA-1 if complete loan
dues are not paid to BFL.
SMA-2 Non-receipt of Loan Dues for more than 60 days and SMA-2: On March 08, 2022,
upto 90 days from the Due Date. it shall be classified as
SMA-2 if complete loan
dues are not paid to BFL.
NPA Non-receipt of Loan Dues as of 91st day from the NPA: On April 07, 2022, it
Due Date. shall be classified as NPA,
complete loan dues are not
paid to BFL.
32. You will have option to pay advance monthly Instalments/EMI’s. The amount paid by you towards advance
monthly instalment/EMI will be applied for repayment of monthly instalments/EMI only and will NOT be
treated as part-prepayment or foreclosure of the Loan, irrespective of the loan variant availed, NO interest is
payable by BFL on the advance monthly instalment/EMI amount paid by you.
33. In case Borrower(s) has chosen an insurance cover and is member of “Group Insurance Policy” the details of
which are provided under Second Part, the BFL shall have the right to appropriate insurance claim paid
thereunder or pursuant to cancellation or surrender value of the insurance policy towards the Outstanding Dues
of any loan availed from BFL. If after such appropriation, there be any surplus leftover, it shall be paid to the
Borrower(s). If, however there is any deficit, then the Borrower(s) shall be liable to pay to the BFL, the entire
deficit forthwith. BFL reserves the right to initiate cancellation of any third-party products including but not
limited to insurance, value added services in case of default of loan/Outstanding Dues by the Borrower.
34. At the request of the Borrower(s), the BFL may at its discretion also finance the insurance premium of an
insurance policy (details of which are provided under Second Part) insuring the Borrower(s) against various risks
including without limitation the risks of personal accident, accidental hospitalization, Outstanding Dues to the
BFL and/or critical illness provided that such insurance policy has been taken out by the BFL on behalf of the
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Borrower(s) from an insurance company approved by the BFL with a specific instruction and authority by the
Borrower(s) to such insurance company that in case of any loss, the loss will be paid to the BFL by such
insurance company. Such insurance premium paid by the BFL on behalf of the Borrower(s) shall be added to the
principal amount to the Loan granted herein and shall from part of the Loan.. The insurance premium being a
part of Loan may be Disbursed by the BFL directly to such an insurance company approved by the Borrower(s)
and such Disbursement shall be deemed to be a Disbursement to the Borrower(s). Wherever the Borrower(s)
agrees for the insurance coverage, all the applicable expenses, charges, fees, service tax and other taxes etc.
shall be incurred and paid by the Borrower(s). In the event the said charges are paid by the BFL on
Borrower(s)’s behalf, the Borrower(s) shall reimburse the same to the BFL within 24 (twenty-four) hours of
receiving BFL’s demand in this regard.
35. In case the Customer has chosen an insurance cover details which are provided under Second Part, then BFL
shall have the right to appropriate insurance claim paid thereunder or pursuant to cancellation or surrender
value of the in insurance policy towards the Outstanding Dues of any loan availed from BFL. If after such
appropriation, there be any surplus leftover, it shall be paid to the Customer. If, however there is any deficit,
then the Customer shall be liable to pay to BFL, the entire deficit forthwith. BFL reserves the right to initiate
cancellation of any third-party products including but not limited to insurance, value added services in case of
default of loan/Outstanding Dues by the Customer.
36. Borrower(s) agrees and acknowledges that:
(a) In the event of availableness of surplus funds which are intended to be utilised by the Borrower(s) for any
advance payment towards EMI, such payment shall be made at-least five (5) days prior to EMI due date
for enabling adjustment of the same on the current month’s EMI due date;
(b) Such advance payment is facilitated by BFL for the convenience of its esteemed Borrower(s) and NO
interest on such advance payment is applicable;
(c) If the time gap in making such payment is less than 5 working days prior to the current month’s EMI due
date, such payment shall be adjusted on the subsequent month’s EMI due date (and not against the
current month’s EMI due date). For example, if EMI due date is January 10, 2023 and payment is made
after January 5, 2023, such amount shall be adjusted on February 10, 2023 ; and
(d) If the standing instructions for payment of current months EMI stands dishonored for any reason, such
advance payment so received may be appropriated towards such dishonored EMI payable by the
Borrower(s).
37. BFL shall be accountable for inappropriate behaviour by its employees or employees of the outsourced agency
and shall provide timely grievance redressal to the Borrowers.
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 I hereby agree that I have read the loan terms in detail along with the Terms & Condition, Fees, Charges &
Deductions. And I understand the details mentioned in the same.
Date: 25/2/2023
BFL/RPL/Dig/CMITC/English/2022/Nov/V1
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Loan AgreementMITC - 1705588392880

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2/25/2023 Personal Loan - Sanction and CMITC

Bajaj Finance Limited ("BFL") - Sanction Letter

Kind Attn.: ABHAY KUMAR

TERMS AND CONDITIONS

Name of Borrower (s) ABHAY KUMAR

Product Type Personal Loan

Type of Loan NEW

Loan Variant Term Loan

Gross Loan Amount ₹ 110477.00

Top Up/Loan NA as per break up given below:

*Amount to be paid to Existing BFL Loan Account (A) – NA

*Top Up Loan Amount to be paid to Borrower/ Non-BFL Loan Account(s) before

*Total Loan Amount (A+B) – NA

Loan Tenure (In Total Loan Tenure - 36

Purpose of Loan Other

Interest Type Fixed

Method of Reducing Balance

Annualized Interest 36.12%

Monthly Term Loan/Flexi Term Loan – ₹ 5068

. Interest rate risk (fixed vs floating loan)

. Credit and default risk in the related business segment

Deductions from Loan Processing fees (Inclusive of : ₹ 4178

Fees & Charges Processing Fees

Stamp Duty (as per respective state)

Term Loan : 4.72% (Inclusive of applicable taxes) on the outstanding loan

Term Loan : 4.72% (Inclusive of applicable taxes) of the principal amount of

Broken Period Interest/Pre-EMI Interest

"Broken Period Interest/Pre-EMI Interest" shall mean the amount of interest on

Method of recovery of Broken Period Interest/Pre-EMI Interest:

Mandate Rejection Charges

Financial Fitness Report (FFR)/Credit Vidya Report (If availed)

₹ 1999/- (Inclusive of applicable taxes)

EMI Network Card Fee (If availed)

₹ 530/- (Inclusive of applicable taxes)

Add-on EMI Network Card Fee (If availed)

₹ 199/- (Inclusive of applicable taxes)

EMI Network card Annual fee

₹ 117/- (Inclusive of applicable taxes) for each card availed

₹ 700/- per bounce in case of default by reason of repayment instruments(s)

. Further, BFL may, absolutely and unconditionally, reduce, revoke, cancel

REGULATORY REQUIREMENT ILLUSTRATION

Classification Criteria for classification of Loan Date of payment of

SMA-0 Non-receipt of Loan Dues till 30 days SMA-0: Upto

SMA-1 Non-receipt of Loan Dues for more SMA-1: On February

REGULATORY REQUIREMENT ILLUSTRATION

SMA-2 Non-receipt of Loan Dues for more SMA-2: On March

NPA Non-receipt of Loan Dues as of 91st NPA: On April 07,

*EMI amount mentioned above is considering full loan amount utilisation

Bajaj Finance Limited ("BFL") - Commercial cum Most Important

Date of Execution : 25/2/2023

Place of Execution/ Electronic Authentication : JANDAHA

Loan Application Number : B2C000015860545

Loan sanctioned by the lender to the Borrower(s) in ₹ : ₹ 110477.00

Details of the Borrower(s)

Type of Borrower(s) : Individual

Details of the Co-Borrower (If any)

Product type : Personal Loan

Type of Loan : NEW