Agreement

31/03/2024 Salaried Personal Loan - Sanction Letter and Agreement
Piramal Finance Limited ("PCHFL") -Salaried Personal Loan Sanction

Letter
Reference No.: PC2C1000042494017
Date: 2024-03-31
Kind Attn.: KESHRI NANDAN PRASAD
Subject: Sanction of Personal loan from Piramal Finance Limited for an amount
₹ 2,35,000.0
of only
Dear Sir/Madam,
We thank you for choosing Pirama Finance Limited (“PCHFL” 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 PCHFL and submission of other required documents detailed below.
TERMS AND CONDITIONS
Name of Borrower (s) KESHRI NANDAN PRASAD
Name of Co NA
Borrower(s)
Product Type Salaried Personal Loan
Type of Loan NEW
Loan Variant Personal Loan
Gross Loan ₹ 2,35,000.0

Amount(including VAS ( Two Lakh Thirty Five Thousand Rupees Only)
Amount, Insurance
Premium, Flexi Fees
and Processing Fees)
(In ₹)**
Consent Details : Accepted IP Address : 2409:40f0:101a:68a5:8000:: Language Name : EnglishApplication Number : PC2C1000042494017
Date & Time: 2024-03-3119:01:50 Mobile Number: 8084803295
Email ID: [email protected]

1
Loan Tenure (In Total Loan Tenure - 36.0

Months)
Personal Loan
a) Initial Tenure - 36.0
b) Subsequent Tenure - 0
Purpose of Loan Other
Interest Type Reducing
Method of Written Down Value

computation of
Interest rate
Annualised Rate of 23.0%

Interest (% p.a.)
Processing Fees (in 02%

%) (Inclusive of
applicable taxes)**
Monthly Term Loan/Flexi Term Loan – NA

Instalment/Equated
Monthly Instalment Personal Loan
(EMI)*/** (In ₹) a) EMI for initial tenure – ₹ 9,097.0
Interest Rate Interest rate applicable for unsecured Personal Loans 11 % p.a. to 25 % p.a., may
Methodology vary basis the PCHFL’s internal credit and risk policy and as per algorithmic
multivariate score card which includes following variables (inclusive and not
exhaustive):
1. Interest rate risk (fixed vs floating loan)

2. Credit and default risk in the related business segment
3. Historical performance of similar homogeneous clients
4. Profile of the borrower
5. Industry Segment
6. Repayment track record of the borrower
7. Nature and value of collateral security
8. Secured Vs unsecured loan
9. Subvention available
10. Ticket size of loan
11. Bureau Score

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12. Tenure of Loan

13. Location delinquency and collection performance
14. 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.piraman.com/). Welcome Letter will be shared post creation of loan
account.
Deductions from Loan Financial Fitness Detailed : ₹ 5999.0

Amount** Report (Inclusive of applicable
taxes)
Stamp duty charges (applicable : ₹ 200.0
on entire loan amount)
Processing fees (Inclusive of :: ₹ 4700.0
applicable taxes plus cess)
Bifurcation of Gross
Loan Amount (After Sl. No. Favoring Name Amount
Deduction)**
01 KESHRI NANDAN PRASAD ₹ 235000.0
Fees & Charges Levied Processing Fees

by PCHFL
upto 3% (Inclusive of applicable taxes) applicable on gross loan amount
Stamp Duty (as per respective state)
Payable as per state laws on Gross Loan Amount and deducted upfront from the
Gross Loan Amount
Switch Fees
Upto 1.18% of the loan amount (Inclusive of applicable taxes) Switch Fees is
applicable only in case of switch of loan. In switch cases, processing fees will not
be applicable.

3
Piramal Finance Limited ("PCHFL") - Salaried Personal Loan Agreement

By checking/clicking on the 'I Agree' or similar button or by entering the One-Time Password (“OTP”) sent by PCHFL or
by providing physical signature on this Agreement, 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) has read
and understood the terms and conditions contained in the Agreement in relation to the Loan including First Part,
Second Part and Third Part ("Terms and Conditions") and (iv) the Borrower(s) agrees to be bound by such Terms
and Conditions contained herein below in relation to the Loan.
The Borrower(s) agrees that his/her action of entering the OTP sent by the PCHFL or clicking the
'I Agree'button or by
providing physical signature on this Agreement, constitutes a valid acceptance of the Terms and Conditions contained
herein in relation to the Loan and same shall create a binding and enforceable agreement.
The terms and conditions contained in this Agreement in relation to the Loan shall constitute the complete
understanding and agreement between the Borrower and the BFL and shall supersede all or any oral or written
discussions with respect to the Borrower availing the Loan from the PCHFL.
FIRST PART
Date of Execution : 31/03/2024
Place of Execution/ Electronic Authentication : Bihar
Loan Application Number : PC2C1000042494017
** :
Loan Sanctioned by PCHFL to the Borrower(s)₹in 235000.0
Loan Sanctioned by PCHFL to the Borrower(s) in words**

: Two Lakh Thirtyfive Thousand Rupees Only
Details of the Borrower(s)

Name : KESHRI NANDAN PRASAD
Mobile : 8084803295
GSTIN : NA
Address of Residence :

4
S/O SRINANDAN PRASAD, CHHOTI KELAWARI

NEAR BHUSAN PRESH, WARDNO.- 11, MUNGER
MUNGER, BIHAR - 811201
Address of communication : S/O SRINANDAN PRASAD, CHHOTI KELAWARI

NEAR BHUSAN PRESH, WARDNO.- 11, MUNGER
MUNGER, BIHAR - 811201
Type of Borrower(s) : Individual
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

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Product type : Salaried Personal Loan
Type of Loan : NEW
Loan Variant : Personal Loan
Approved Loan Amount (In ₹)** : ₹ 235000.0
Gross Loan Amount (including VAS Amount, : ₹239700.0

Insurance Premium, Flexi Fees and Processing
Fees) (In ₹)**
[1]
Amount requested for immediate disbursal : ₹235000.0
(in ₹)
[1] (in
Amount available for further disbursal : NA
₹)**
Annualised rate of interest (% per annum) : 23.0%
Processing Fees (in %) (Inclusive of applicable : 2%

taxes)**
Method of calculation of interest : Written Down Value
Type of Interest rate : Fixed
EMI Amount for Term Loan & Flexi Term Loan : NA

(In ₹)**
Loan tenure (In Months)** : 36.0
EMI amount - Initial loan tenure - : ₹ 9097.0

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

Hybrid Loan (In ₹)**
Initial loan tenure for Personal Loan (In Months): 24.0
Subsequent loan tenure for Flexi Hybrid Loan :0

(In Months)**
.
First EMI date**[2] : 2/05/2024

6
[3]
Installment Repayment End date : 2/05/2027
Mode of Payment (Repayment Mode) : ECS
Financial Fitness Detailed Report : ₹ 5999.0
[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 15th 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 15th 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 15th of January, the 1st EMI amount shall be due and payable on 02nd of March and so on.
[3] Calculated based on First EMI date.
To view nomenclature of Loan Details in your preferred language Click here

(https://[email protected]/loan-details-and-deductions-translation)
Deductions**
Financial Fitness Detailed Report (Inclusive of ₹ 5999.0

applicable taxes)
Additional Fee ₹0
Stamp duty charges (applicable on entire loan ₹ 200.0

amount)
Processing fees (Inclusive of applicable taxes ₹ 4700.0

plus cess)
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

7
date of EMI commencement.
To view nomenclature of charges shown in the Deductions section, in your preferred language Click here
(https://[email protected]/loan-details-and-deductions-translation)
Loan Disbursement Mode
Account payee cheque
(i) Cheque in favour of : NA
(ii) Cheque in favour of : NA
(iii) Cheque in favour of : NA
(iv) Cheque in favour of : NA
(v) Cheque in favour of : NA
Loan Disbursement Details*
Sl. No. Favoring Name Amount Mode Existing LAN
01 KESHRI NANDAN PRASAD ₹ 235000.0 RTGS 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.
Disbursement Account of Borrower (For Online Payment)
(i) Bank name : HDFC BANK

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(ii) Account Type : Savings
(iii) Bank IFSC : HDFC0002684
(iv) A/c holder name as per bank account : KESHRI NANDAN PRASAD
(v) Bank Account No : 50100303879642
Existing NACH / Electronic payment & KYC Consent/Instructions
Use of existing ECS /NACH 

Yes No
(Not applicable for New to Piramal Customers)
Use of existing KYC documents  Yes No

(In case of no change in existing KYC details)
(New applicable for New to Piramal Customers)
Details of NACH / Electronic payment / Repayment Bank
Bank Name HDFC BANK LIMITED
Bank Account Number 50100303879642
ECS Limit/ Amount ₹ 235000.0
Details of Repayment Cheque Details
Bank Name NA
Bank Account Number NA
Cheque Number NA

9
Amount NA
Fees & Charges Levied by PCHFL
Processing Fees
upto 3% (Inclusive of applicable taxes) applicable on gross loan amount.
Stamp Duty (as per respective state)
Payable as per state laws on Gross Loan Amount and deducted upfront from the Gross Loan Amount
Switch Fees
Upto 1.18% of the loan amount (Inclusive of applicable taxes) Switch Fees is applicable only in case of
switch of loan. In switch cases, processing fees will not be applicable.
Pre-payment Charges
Full pre-payment
Foreclosure can be processed post clearance of first EMIs

Term Loan :Upto4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of
Full Pre-payment.
Flexi Term Loan (Flexi Dropline) :Upto 4.72% (Inclusive of applicable taxes) of the total withdrawable
amount as per the repayment schedule as on the date of Full Pre-payment.
Flexi Hybrid Loan :Upto 4.72% (Inclusive of applicable taxes) of the total withdrawable amount as per
the repayment schedule as on the date of Full Pre-payment.
Part pre-payment
Term Loan :Upto4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date
of such Part Pre-Payment
Flexi Term Loan (Flexi Dropline) : Not Applicable

Flexi Hybrid Loan : Not Applicable
Broken Period Interest/Pre-EMI Interest
Date & Time: 2024-03-3119:01:50 Mobile Number: 80848-3295

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"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
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 of monthly
instalment.
Mandate Registration Charges
In case of UPI Mandate registration, ₹ 1/-(Inclusive of applicable taxes) will be collected from the Customer
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
CPP Credit Health Plus (If Availed)
₹ 5999/- (Inclusive of applicable taxes)
Date & Time: 2024-03-3119:01:50 Mobile Number: 80848-3295

11

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31/03/2024 Salaried Personal Loan - Sanction Letter and Agreement

Piramal Finance Limited ("PCHFL") -Salaried Personal Loan Sanction

Reference No.: PC2C1000042494017

Kind Attn.: KESHRI NANDAN PRASAD

TERMS AND CONDITIONS

Name of Borrower (s) KESHRI NANDAN PRASAD

Product Type Salaried Personal Loan

Type of Loan NEW

Loan Variant Personal Loan

Gross Loan ₹ 2,35,000.0

Date & Time: 2024-03-3119:01:50 Mobile Number: 8084803295

Email ID: [email protected]

Loan Tenure (In Total Loan Tenure - 36.0

Purpose of Loan Other

Interest Type Reducing

Method of Written Down Value

Annualised Rate of 23.0%

Processing Fees (in 02%

Monthly Term Loan/Flexi Term Loan – NA

1. Interest rate risk (fixed vs floating loan)

Date & Time: 2024-03-3119:01:50 Mobile Number: 8084803295

Email ID: [email protected]

12. Tenure of Loan

Deductions from Loan Financial Fitness Detailed : ₹ 5999.0

Fees & Charges Levied Processing Fees

Stamp Duty (as per respective state)

Date & Time: 2024-03-3119:01:50 Mobile Number: 8084803295

Email ID: [email protected]

Piramal Finance Limited ("PCHFL") - Salaried Personal Loan Agreement

Date of Execution : 31/03/2024

Place of Execution/ Electronic Authentication : Bihar

Loan Application Number : PC2C1000042494017

Loan Sanctioned by PCHFL to the Borrower(s) in words**

Details of the Borrower(s)

Date & Time: 2024-03-3119:01:50 Mobile Number: 8084803295

Email ID: [email protected]

S/O SRINANDAN PRASAD, CHHOTI KELAWARI

Address of communication : S/O SRINANDAN PRASAD, CHHOTI KELAWARI

Type of Borrower(s) : Individual

Details of the Co-Borrower (If any)

Date & Time: 2024-03-3119:01:50 Mobile Number: 80838403295

Email ID: [email protected]

Product type : Salaried Personal Loan

Type of Loan : NEW

Loan Variant : Personal Loan

Approved Loan Amount (In ₹)** : ₹ 235000.0

Gross Loan Amount (including VAS Amount, : ₹239700.0

Annualised rate of interest (% per annum) : 23.0%

Processing Fees (in %) (Inclusive of applicable : 2%

Method of calculation of interest : Written Down Value

Type of Interest rate : Fixed

EMI Amount for Term Loan & Flexi Term Loan : NA

Loan tenure (In Months)** : 36.0

EMI amount - Initial loan tenure - : ₹ 9097.0

EMI amount - Subsequent loan tenure - Flexi :

Initial loan tenure for Personal Loan (In Months): 24.0

Subsequent loan tenure for Flexi Hybrid Loan :0

Date & Time: 2024-03-3119:01:50 Mobile Number: 8084803295

Email ID: [email protected]