Loan Application Form: Personal Details
Loan Application Form: Personal Details
Loan Application Form: Personal Details
Company
Constitution PAN No.
Personal Details Applicant Co - Applicant
Title Mr. Ms. Mrs. Dr. CA Mr. Ms. Mrs. Dr. CA
First Name
Middle Name
Last Name
Father's/Husband's
Name
Maiden Name (if any)
Mother’s Name
Date of Birth D D M M Y Y Y Y D D M M Y Y Y Y
Sex Male Female Third Gender Male Female Third Gender
PAN No.
UID / AADHAR No.
I/We hereby authorise and give consent to the Bank to link Aadhar No. with account/s maintained with HDFC Bank
Nationality Indian Others (Specify)______________ Indian Others (Specify)______________
Marital Status Single Married Single Married
Religion ____________________ SC/ST OBC ____________________ SC/ST OBC
KYC Number ____________ Self
Relation to Applicant _______ KYC Number ____________ Relation to Applicant _______
Education Undergraduate Graduate Undergraduate Graduate
Post Graduate Others: ____________________ Post Graduate Others: _____________________
No. of Years At Current Address In the City At Current Address In the City
HDFC Bank
Customer ID*
DIN/CIN
Residential Status Resident Indian Non Resident Indian Resident Indian Non Resident Indian
Foreign National Person of Indian Origin Foreign National Person of Indian Origin
Type of Residence Self Owned Rented Co. Owned Parents Owned Self Owned Rented Co. Owned Parents Owned
Current Address
Mailing Address
Landmark
City
State
Country
Pin Code
Country Code
Phone No. with STD Code
Mobile No.
Please Tick to receive Communication from Bank via SMS E-mail
Email ID
Permanent Address
Mailing Address
Landmark
City
State
92910/18.05.2016
Country
Pin Code
Country Code
Phone No. with STD Code
* For HDFC Bank Customers Only
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Applicant Co - Applicant
Employment / Business Details
Salaried Self Employed Salaried Self Employed
Professional ________________ (Pls Specify) Professional ________________ (Pls Specify)
Firm/Company Name
Designation
Prop. Partnership Pvt. Ltd. Co. Prop. Partnership Pvt. Ltd. Co.
Others, Please Specify ____________________ Others, Please Specify ____________________
Firm/Company Mailing Address Same as Primary Applicant Same as Primary Applicant
Address
Landmark
City
State
Country
Pin Code
Country Code
Phone No. with STD Code
Ext. No.
Income / Banking Details
Annual Income _____________________________ Annual Income _____________________________
No. of Years in Present Organisation No. of Years in Present Organisation
Industry Code Total Work Exp. (Yrs) Industry Code Total Work Exp. (Yrs)
Industry Codes: 1 Engineering Products 2 Doctor 3 Accounting & Consulting 4 Agriculture 5 IT & Software 6 Media &
Entertainment 7 Automobiles 8 Banking 9 Hotels & Hospitality 10 Education 11 Architect 12 Pharma & Medicine 13 Cloth &
Textiles 14 Insurance Civil Contractor 15 Real Estate & Builder 16 Freight & Logistics 17 Contractor/Franchisee 18 Advertising &
Promotion 19 Chemicals 20 Jewellery & Ornaments 21 Iron & Steel, 22 Others : __________________________ Please Specify
If Less Than 2 Years In Current Employment / business, Please Provide Previous Employment / Business Details:
______________________________________________ ______________________________________________
______________________________________________ ______________________________________________
1. Bank Name
Branch
Bank A/C No.
Account Type Current Savings Current Savings
Yr. of A/c Opening
2. Bank Name
Branch
Bank A/C No.
Account Type Current Savings Current Savings
Yr. of A/c Opening
Credit Card Issuer's Name
Credit Card No.
Credit Limit
Existing Loan 1. Name Of Institution ________________________ 1. Name Of Institution ________________________
Details Loan Amount (Rs.) __________________________ Loan Amount (Rs.) __________________________
Loan Type __________ Tenure _______Months/Yrs Loan Type __________ Tenure _______Months/Yrs
EMI Amount (Rs.) ________ EMIs Paid _________ EMI Amount (Rs.) ________ EMIs Paid _________
Total
Declaration Regarding Joint Ventures/Wholly Owned Subsidiaries abroad for entities in whose name the facility is being sought.
(Please Tick the Option which is applicable) A] I/We are a Joint Venture with an Overseas entity. Yes / No.
If " Yes", mention the shareholding of Indian Co. / Promoter : ___% B] I/We have a Wholly Owned Subsidiary [WOS]
overseas. Yes / No. C] I/We have a Step-down subsidiary overseas. Yes / No.
PSL Category (PRIORITY SECTOR/MSME CATEGORY)
DIRECT AGRI :Agriculturist/ Farmer & allied Agricultural activity such as INDIRECT AGRI : Food & Agro Based Processing Units operating from
Dairy,Piggery, Poultry, Fishery, Bee-Keeping, Cattle Feed, Poultry Semi Urban/ Urban Areas, Arathias/Grain Merchants operating from anaj
Feed,Horticulture, Fertilisers, Pesticides, seeds etc, ProprietorshipFOOD & mandies, Service Units contracting tractors/borewells to farmers, Dealers of
agro based processing units in rural areas & grading, sorting & transporting agri machinery/ pesticides & fertilizers, Units running storage facilities for
of agri produce undertaken by Individuals in rural areas. agri produce.
SUPER MICRO MANUFACTURING ENTERPRISE Manufacturing Units SMALL SERVICE ENTERPRISE: Service Sector Units with Investment in
with Investment in Plant & machinery upto Rs. 5 lakhs Office Equipment > 10 lakhs to 2 Crs.
MICRO MANUFACTURING ENTERPRISE Manufacturing Units with MEDIUM SERVICE ENTERPRISE: Service Sector Units with Investment in
Investment in Plant & machinery upto 25 lakhs Office Equipment > 2 Crs to 5 Crs.
SMALL MANUFACTURING ENTERPRISE Manufacturing Units with EDUCATION: Loans granted to Individuals for educational purposes upto
Investment in Plant & machinery > 25 lakhs to 5 Crs. Rs. 10 lakhs for studies in India & Rs. 20 lakhs for studies abroad.
MEDIUM MANUFACTURING ENTERPRISE Manufacturing Units with KHADI & VILLAGE Khadi INDUSTRIES ( KVI Sector)
Investment in Plant & machinery > 5 Crs. to 10 Crs.
SUPER MICRO SERVICE ENTERPRISE : Service Sector Units with RETAIL TRADER : Private Retail Traders with combined credit limit upto 20
Investment in Office upto Rs. 2 Lakhs lakhs from all banks/ Traders in Essential Commodities
MICRO SERVICE ENTERPRISE : Service Sector Units with Investment in
Office Equipment upto 10 Lakhs
Person with Disability : Yes/ No (If yes, please submit the Disability Certificate)
Agriculture Land Details : I/We Own/Cultivate land to the extent of ______________acres at _______________________
attached herewith 7/12 documents/copy of land revenue receipt.
I/We hereby declare that information furnished above is true and accurate Applicant's Signature
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Declaration
1. I/We declare that we are citizens of India and all the particulars and information given in the application form is true, correct and
complete and no material information has been withheld/suppressed.
2. I/We shall advise the bank in writing of any change in my/our residential or employment/ business address.
3. I /We confirm that the funds shall be used for the stated purpose and will not be used for speculative or antisocial purpose.
4. I /We authorise HDFC Bank Limited. to make any enquiries regarding my application.
5. I /We authorise HDFC Bank Limited. to make any enquiries with other finance companies/registered credit bureau.
6. HDFC Bank Limited. reserves the right to retain the photographs and documents submitted with this application and will not
return the same to the applicant.
7. I/We have read the application form/ brochures and am/are aware of all the terms and conditions of availing finance from HDFC
Bank Limited.
8. I/We understand that the sanction of this loan is at the sole discretion of the bank and upon my/our executing necessary security
(ies) and other formalities as required by the bank and no commitment has been given regarding the same .
9. I/We authorise HDFC Bank Limited. to conduct such credit checks as it considers necessary in its sole discretion and also
authorise the bank to release such or any other information in its records for the purpose of credit appraisal/sharing for any
other purpose. I/We further agree that my/our loan shall be governed by the rules of HDFC Bank Limited. which may be in force
from time to time. All loans are at the sole discretion of HDFC Bank Limited.
10. I am aware that the upfront Legal and Technical fees and the applicable service tax collected from me at the time of the
application is nonrefundable under any circumstances
11. Payment : No. Cash / Bearer cheque has been collected from you up-front towards processing the loan application.
12. No discount/Free gift or any other commitment is given whatsoever which is not documented in the loan agreement by HDFC
Bank or any of its authorised representatives
13. The loan amount and disbursal is at the sole discretion of HDFC Bank and no commitment has been given regarding the same.
14. I/We confirm that I / we have no insolvency proceedings against me/us nor have I/we ever been abdujicated insolvent.
15. Customer Declaration on relationship with Bank/Other Banks
Is Applicant a director of any other bank \or relative of a director of any other Bank ? Yes No
Is Applicant a Firm/Company in which a director of any other Bank is interested as partner/guarantor/director ?
Yes No
Is Applicant a Firm/Company in which relatives of directors of any other bank are interested as partner/guarantor /director?
Yes No
Is Applicant a director /Relative of Director, or Senior Officer of the Bank? Yes No
Is the Applicant of Firm/Company in which relatives of Director or Senior Officer of the Bank are interest as partner/
guarantor/director/hold substantial interest ? Yes No
Is Applicant a director of Subsidiaries/Trustees of Mutual Funds/Venture Capital Funds, Set up by HDFC Bank or any other
Bank ? Yes No
16. I/We hereby authorize & give consent to the Bank to disclose, without notice to me/us, information furnished by me/us in
application form(s)/related documents executed/to be executed in relation to the facilities availed 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
17. I/We are aware that charges for late payment of EMI are 2% per month on overdue EMI amount for LAP/LARR & 18% default
interest applicable on overdue amount in case of DOD.
18. I/We are aware that an Account Maintenance Charges of Rs. 3,000/- for limit from Rs. 10 Lacs to Rs. 50 Lacs & maximum of Rs.
5000/- for limit above 50 Lacs are applicable for DOD cases respectively
19. The tenure/repayment/interest/other terms and conditions of the loan are subject to change as a consequence to any change in
the money market conditions or on account of any other statutory or regulatory requirements or at the Bank's discretion. The
bank reserves the right to review and amend the terms of the loan in such manner and to such extent as it may deem fit.
20. I/We Confirm that I/We do not have any existing customer ID or customer ID apart from the one mentioned above, in case found
otherwise, Bank reserves the right to conciliated the customer the customer Ids under a single customer ID as it may decide,
without any prior notice to me/us.
21. 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 Bank's website www.hdfcbank.com or
through Phone Banking 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.
ADDITIONAL INFORMATION:
Details with respect to the EMI presentation dates, number of EMIs and amount will be communicated separately through a
welcome letter postdisbursement of loan. Terms and conditions of the loan agreement shall be provided on request.
Documents Submitted
This is to confirm that the customer(s) has/have submitted the below mentioned documents along with the Loan Application to
HDFC BANK LTD (“Bank”)
Application Form Photograph (Signed across) Last __________Months Bank Statement (Self attested) Latest 2 Salary Slips (Self attested)
Last 2 years ITR with cpomputation of Income/certified Financials (Self/CA attested) Photo Copy of PAN CARD (Self attested)
Proof of Identity (with expiry date if applicable) __________________________ (Specify) (Self Attested) Proof of Identity Number ___________________
Photo Copy of Property Papers (Self attested) Loan Account Statements for Balance Transfer/Balance Transfer & Top up/Repayment/Retention Cases
Proof of Residence __________________________ (Specify) (Self Attested) (Resi cum Biz / Residential / Biz / Registered Office / Unspecified)
Page 4
KEY FACT SHEET INCLUDING SCHEDULE OF CHARGES
Page 5
MOST IMPORTANT TERMS AND CONDITIONS
The charges are exclusive of terms and conditions which are as follows
(a) Borrower's loan will be a Reference Rate Linked loan (Presently the “Marginal Cost of Funds based Lending Rate of the Bank
(MCLR)” is the reference rate (“Reference Rate”)) applicable on per annum basis as per condition precedent and in the schedule.
Borrower shall be liable to pay the Pre-EMI i.e. the interest on the Loan payable for the period starting from the respective date/
date(s) of the Loan up to the date from which the interest becomes payable as part of the EMIs. (b) The rate of interest is subject to
revision in terms of the Loan Agreement/ Overdraft Agreement to be executed by the Borrower and is subject to any higher rate that
may be prevailing at the time of disbursement. The Interest Rate applicable as on the date of this MID is mentioned hereinabove
and shall be subject to change everytime the Reference Rate is changed/ is reset by the Bank in its discretion. The change in the
Interest Rate shall become effective on each date of change in/ reset of the Reference Rate. The Borrower shall keep itself
informed of such reset of Reference Rate from time to time. The Reference Rate may also be available on the official website of the
Bank. The Bank shall in its absolute discretion or as per the guidelines/ directions/ rules/ regulations/ law issued/ notified by the
Reserve Bank of India and/or any other statutory or regulatory authority and any other law in force including but not limited to, any
tax law or based on the changes in the prevailing Reference Rate be entitled to modify the Interest Rate (including Spread), and the
Borrower agree and confirm to pay interest as per such modified Interest Rates on the Loan and related amounts on and from the
date of such modification. In any event the Borrower shall keep himself/ themselves informed of all such variations/ revisions in the
Interest Rate. (c) Payment of interest / charges / upfront fees and commitment charges/ dues / obligation / impost / levies /
applicable tax / duties / other charges shall be made by the borrower without any deduction / protest / delay. Interest and other
charges shall be computed at the rate of 365 day per year. Bank at its discretion may modify the basis of year and periodicity of the
interest or applicable rate of interest. Such changes shall be binding on the borrower. Borrower is responsible to check with the
bank changes in the rate from time to time. (d) The payment can be made through Cheques, Bank Drafts, Standing Instruction, and
ECS on or before the due dates. Borrower has to ensure adequacy of funds in the bank account from which the payment is made,
credit shall be given only on realization of funds. In the event of payment being made at any branch other than the concerned
branch, borrower shall immediately inform the concerned Bank branch in writing. (e) The Bank may at its absolute discretion permit
prepayment of the Loan/ Overdraft Facility or any part thereof where: (a) the Borrower serves at least 15 days’ written notice of its/
his intention to prepay at the Concerned Branch; (b) only after expiry of 6 months/6 EMIs from the respective date of disbursement
of Loan/ availing of Overdraft Facility; and (c) subject to such conditions as the Bank may prescribe subject to applicable law and
regulations, including payment of the prepayment charges as mentioned in the Schedule hereto or as specified from time to time by
the Bank. Foreclosure charges shall be applicable in case the Loan/ Overdraft Facility is allowed to be foreclosed at the request of
the Borrower and at the absolute discretion of the Bank and foreclosure shall take effect only when entire Outstanding Balance has
been paid to and realized by the Bank. (f) The borrower shall allow the representative / nominee of the Bank to visit and inspect the
premises / property comprising the security and shall submit the compliance / audited document like Balance sheet / profit and loss
account / quarterly results / Bank statement / statement of income or wealth and such other copies / document as may be required
by the Bank. The Borrower shall not enter into changes / amendment / alteration / modification without a written permission from the
Bank. (g) Borrower has agreed to give the PDC / SI / ECS for the repayment of loan and is fully aware of the fact that dishonor of
Cheque / revoke of SI / ECS instruction is a criminal offence under Law. The borrower undertake to the Bank to honor all payment
without fail and not to instruct his / her bankers to stop the payment of Cheque / revoke the SI / ECS instruction or instruct the Bank
to withhold depositing the Cheque. (h) The borrower will not change the Name / Constitution / close or change the banker from
which PDC / SI / ECS have been drawn / mandated without a written permission of Bank.
Donot Sign This Form if its Blank. Please Ensure all relavant sections and documents are completely filled to your
satisfaction and then only sign the form
re re
He Signature of Applicant He Signature of Co-Applicant
oto o to
Ph Ph
e e
st st
Pa ___________________ Pa ___________________
Date: ______________ Date: ______________
Sourced by: Branch DSA Campaign Reference WEB HBL OPEN MKT PBK Others ________________
Classic Preferred IMPERIA ME Direct Others____________________________________
CRM NO.
DSA Name: ______________________________________________
DSA CODE
Exposure Type - Existing Fresh Pre Approved Internal Customer Balance Transfer Top up Enhancement
Page 6
Documents Submitted (Customer Copy)
This is to confirm that the customer(s) has/have submitted the below mentioned documents along with the Loan Application to HDFC BANK LTD (“Bank”)
Application Form Photograph (Signed across) Last __________Months Bank Statement (Self attested) Latest 2 Salary Slips (Self attested)
Last 2 years ITR with cpomputation of Income/certified Financials (Self/CA attested) Photo Copy of PAN CARD (Self attested)
Proof of Identity (with expiry date if applicable) __________________________ (Specify) (Self Attested) Proof of Identity Number ___________________
Photo Copy of Property Papers (Self attested) Loan Account Statements for Balance Transfer/Balance Transfer & Top up/Repayment/Retention Cases
Proof of Residence __________________________ (Specify) (Self Attested) (Resi cum Biz / Residential / Biz / Registered Office / Unspecified)
KEY FACT SHEET INCLUDING SCHEDULE OF CHARGES
Nature of Facility Term Loan/Dropline Overdraft (DOD) Facility
Type of Interest Rate Floating Interest Rate linked to Marginal Cost of
Funds based Lending Rate of the Bank (“MCLR”)
Marginal Cost of Funds based Lending Rate of the ______ as on date
Bank
Applicable Interest Rate (as on date) (% per annum) Reference Rate as on date (MCLR) (+)_____(%) of
Spread p.a. = ____%p.a.
Date of Reset of Interest Effective dates of each change in/reset the
Reference Rate/Spread of the Bank
Mode of Communication of changes in interest Email/letter/Bank Website/Newspaper/Notice at the
rates Branches / Annexure to Statement of
Accounts/SMS.
Processing Fees (Non - Refundable) Upto 1 % of the Loan Amount (Minimum
Processing Fees collected Rs. 7500/- of which Rs.
5000/- is upfront payable (+ Taxes as applicable)
Pre-payment Charges for Term Loan (Prepayment cannot be made Until 6 months of repayment): 2.5%
(plus taxes) of principal outstanding being prepaid or at such rates as decided by the Bank. No prepayment
charges will be charged for prepayment post 60 months after date of last Disbursement of the Loan.Nil
prepayment/foreclosure charges if the Borrower is an Individual.
Pre-payment Charges for Drop Line Overdraft (Prepayment cannot be made 6 months from
disbursement): (a) Within 12 months from the date of execution of the Agreement: 4% of the applicable
Operating Limit (month in which discontinued) (b) After 12 months from the date of execution of this
Agreement: 2% of the applicable Operating Limit (month in which discontinued).
Default Interest for Term Loan 2% per month on amounts due
Default Interest for Overdraft Facility 18 % p.a. on the amount due
Cheque Bounce Charges Rs. 550/- per incident (+) Service tax (without prejudice
to Bank’s civil and criminal rights and remedies)
Legal/Repossesssion & Incidental Charges Actual Cost Incurred
Cheque/SI/ECS Swapping Charge Rs. 500/-
Repayment Schedule Charge Rs. 200/-
Account Maintenance Charges (applicable only for From 10 lacs of limit to 50 lacs of limit - Rs.3000/-
Overdraft Facility) (p.a.) Above 50 lacs of limit - Rs. 5000/-(p.a.)
Commitment Charges for Overdraft Facility ( Quarterly) : If average quarterly utilization > 30 % No commitment
fee charges to be charged. If the average quarterly utilization < 30 % Charges upto 0.10% will be charged on
the difference between the actual utilization and expected average utilization of 30 %. Subject to a minimum
charge of Rs. 5000/-
Date on which annual outstanding balance 31st May
statement will be issued
The Bank reserves the right to vary any of the above charges from time to time with due intimation to the customer. Revised Charges
will be communicated to the customer through Email/ letter/ Bank Website/ Newspaper/ Notice at the Branches/ Annexure to
Statement of Accounts/ SMS. The above charges are exclusive of taxes and statutory levies as applicable from time to time. The
above charges are the maximum charges applicable for each type of charge.
'For detailed list of charges please visit our website www.hdfcbank.com
The Bank's Sales Representative confirms he has: (a) Collected self-attested copies of the above mentioned documents from the
customer (b) Informed me/us that the “MCLR” shall mean the percentage rate per annum declared or notified by the Bank as ‘Marginal
Cost of Funds based Lending Rate of the Bank’ from time to time having regard to the Reserve Bank of India’s guidelines, rules and
regulations; (Please note that the Applicable Interest Rate mentioned above is an indicative rate & the final rate shall be
communicated in the Sanction letter along with other terms and conditions) (c) Not been given any payment in cash, bearer cheque or
kind along with or in connection with this Loan application from the customer. (d) Informed me/us that service tax and all other statutory
taxes, levies including stamp duties and registration costs (if any), other fees, commissions, charges as may be applicable will be
charged in connection with the loan. (e) Informed me/us that the Bank will not be liable for loss or delay in receipt of documents.
P.T.O
Page 7
(f) Informed me/us hat incomplete / defective application will not be processed and the Bank shall not be responsible in any manner for
the resulting delay or otherwise. Notwithstanding the aforestated, the submission of loan application to the 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. (g) Informed me/us that Loan processing and disbursement will take atleast 7 working days post
submission of all requisite documents and information as may be required by the Bank as per Bank’s criteria. (h) The Bank reserves its
right to reject the loan application and retain the loan application form along with the photograph, information and documents. (i)
Informed to me/us 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 wilful defaulter’s list from time to time, as also use for
KYC information verification, credit risk analysis, or for other related purposes. (j) Informed me/us that Equated Monthly Installments
(EMI) will be due on 7 / 15/ of every month. ( Strike out which is not applicable) (k) Informed & explained me/us all the charges and terms
and conditions mentioned overleaf. (l) Informed me/us that the Bank will send the Welcome Letter and Repayment schedule to me/us
on the e-mail ID mentioned by me/us in the loan application. In addition, informed to me/ us Welcome letter and Repayment schedule is
also available on www.hdfcbank.corn under Net Banking login choosing Option for Retail Loan customers and I/we will request for a
physical copy of Welcome letter and Repayment schedule if need be.
MOST IMPORTANT TERMS AND CONDITIONS
The charges are exclusive of terms and conditions which are as follows
(a) Borrower's loan will be a Reference Rate Linked loan (Presently the “Marginal Cost of Funds based Lending Rate of the Bank
(MCLR)” is the reference rate (“Reference Rate”)) applicable on per annum basis as per condition precedent and in the schedule.
Borrower shall be liable to pay the Pre-EMI i.e. the interest on the Loan payable for the period starting from the respective date/ date(s)
of the Loan up to the date from which the interest becomes payable as part of the EMIs. (b) The rate of interest is subject to revision in
terms of the Loan Agreement/ Overdraft Agreement to be executed by the Borrower and is subject to any higher rate that may be
prevailing at the time of disbursement. The Interest Rate applicable as on the date of this MID is mentioned hereinabove and shall be
subject to change everytime the Reference Rate is changed/ is reset by the Bank in its discretion. The change in the Interest Rate shall
become effective on each date of change in/ reset of the Reference Rate. The Borrower shall keep itself informed of such reset of
Reference Rate from time to time. The Reference Rate may also be available on the official website of the Bank. The Bank shall in its
absolute discretion or as per the guidelines/ directions/ rules/ regulations/ law issued/ notified by the Reserve Bank of India and/or any
other statutory or regulatory authority and any other law in force including but not limited to, any tax law or based on the changes in the
prevailing Reference Rate be entitled to modify the Interest Rate (including Spread), and the Borrower agree and confirm to pay
interest as per such modified Interest Rates on the Loan and related amounts on and from the date of such modification. In any event
the Borrower shall keep himself/ themselves informed of all such variations/ revisions in the Interest Rate. (c) Payment of interest /
charges / upfront fees and commitment charges/ dues / obligation / impost / levies / applicable tax / duties / other charges shall be made
by the borrower without any deduction / protest / delay. Interest and other charges shall be computed at the rate of 365 day per year.
Bank at its discretion may modify the basis of year and periodicity of the interest or applicable rate of interest. Such changes shall be
binding on the borrower. Borrower is responsible to check with the bank changes in the rate from time to time. (d) The payment can be
made through Cheques, Bank Drafts, Standing Instruction, and ECS on or before the due dates. Borrower has to ensure adequacy of
funds in the bank account from which the payment is made, credit shall be given only on realization of funds. In the event of payment
being made at any branch other than the concerned branch, borrower shall immediately inform the concerned Bank branch in writing.
(e) The Bank may at its absolute discretion permit prepayment of the Loan/ Overdraft Facility or any part thereof where: (a) the
Borrower serves at least 15 days’ written notice of its/ his intention to prepay at the Concerned Branch; (b) only after expiry of 6
months/6 EMIs from the respective date of disbursement of Loan/ availing of Overdraft Facility; and (c) subject to such conditions as the
Bank may prescribe subject to applicable law and regulations, including payment of the prepayment charges as mentioned in the
Schedule hereto or as specified from time to time by the Bank. Foreclosure charges shall be applicable in case the Loan/ Overdraft
Facility is allowed to be foreclosed at the request of the Borrower and at the absolute discretion of the Bank and foreclosure shall take
effect only when entire Outstanding Balance has been paid to and realized by the Bank. (f) The borrower shall allow the representative /
nominee of the Bank to visit and inspect the premises / property comprising the security and shall submit the compliance / audited
document like Balance sheet / profit and loss account / quarterly results / Bank statement / statement of income or wealth and such
other copies / document as may be required by the Bank. The Borrower shall not enter into changes / amendment / alteration /
modification without a written permission from the Bank. (g) Borrower has agreed to give the PDC / SI / ECS for the repayment of loan
and is fully aware of the fact that dishonor of Cheque / revoke of SI / ECS instruction is a criminal offence under Law. The borrower
undertake to the Bank to honor all payment without fail and not to instruct his / her bankers to stop the payment of Cheque / revoke the SI
/ ECS instruction or instruct the Bank to withhold depositing the Cheque. (h) The borrower will not change the Name / Constitution /
close or change the banker from which PDC / SI / ECS have been drawn / mandated without a written permission of Bank.
Acknowledgement for Secured Loan Application - Mortgages
Page 8