Annexure: XP- 2

Arrangement Letter

STATE BANK OF INDIA, To,

PURANI MANDI, Sepoy Hardeep Singh
OLD HOSPITAL ROAD JDA COMPLEX VILL- RAJPUR KANDHI,
JAMMU TAWI, PO- GARHDIWALA, HOSHIARPUR,
OLD HOSPITAL ROAD JDA COMPLEX HOSHIARPUR,
JAMMU TAWI, PUNJAB,
JAMMU, PIN- 144207
JAMMU,
JAMMU, Date: 26/09/2024
JAMMU AND KASHMIR, PIN- 180001

Madam/Dear Sir,
Advances: Personal Loan
Scheme: Xpress Credit
Facility: Term Loan; Loan Amount: ₹ 4,00,000.00
With reference to your application dated 26/09/2024, we hereby sanction you a Term Loan of ₹
4,00,000.00 (Rupees four lakh only) on the following terms and conditions:

1. Purpose
The loan is sanctioned to you as per your application dated 26/09/2024 for the purpose of
Personal Loan.

2. Rate of Interest
Interest on the loan will be charged on daily reducing balance at monthly rests at 3.40% above the
two-year marginal cost of fund-based lending rate (MCLR) which is at present 9.05% per annum,
effective rate being 12.45% p.a. The Bank shall at any time and from time to time be entitled to
vary spread and/or MCLR at its discretion. Depending on variation of MCLR and/or spread, the
effective rate of interest may vary between the date of generation of this document and the date of
first disbursement. The rate of interest as applicable on the date of first disbursement shall be valid
for the entire tenor of the loan. In the event of default in payment of any instalment or any
irregularity in the loan account, penal interest at the rate of 2.00% per month over the stipulated
interest rate with monthly rests will be charged for the irregular amount and overdue period.

3. Foreclosure/Prepayment Charges
(i) Any prepayment of EMIs in full or in part and closure of account before the end of term will
attract the prepayment charges of 3.00% on prepaid amount.
(ii) No prepayment/foreclosure charges will be applicable if the account is closed from the
proceeds of a new loan account opened under the same scheme.

4. Repayment
The loan is to be repaid in 63 equated monthly instalments (EMI) of ₹ 8,681.00 (Rupees eight
thousand six hundred eighty one only), which is, however, subject to change depending upon
changes in rate of interest between the date of generation of this document and the date of first
disbursement, and any other debits raised in the account like insurance charges, fees etc. The
number of equated monthly instalments (EMI) may increase/vary if the entire loan with interest,
cost, charges and expenses is not repaid by/with the stipulated number of equated monthly
instalments (EMI) by reason of increase in the rate of interest or otherwise. The equated monthly
instalments (EMI) will have to be paid till the entire loan with interest is fully repaid. The first
instalment commences from the month following the month of disbursement of loan.

5. Default in Repayment

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 In the event of failing to repay any two or more instalment(s) at any point of time, the Bank may
send written reminders or make tele call/SMS or depute an official to meet you personally, all the
incidental charges appurtenant thereto such as postage, telephone/SMS charges, transportation
charges, etc. on actual basis would be recovered from you.

6. Cancellability
Notwithstanding anything contained herein above, please confirm having agreed that the Bank
reserves the absolute right to cancel the limits (either fully or partially) unconditionally without prior
notice (a) in case the limits/part of the limits are not utilized by me/us, and/or (b) in case of
deterioration in the loan accounts in any manner whatsoever, and/or (c) in case of non-compliance
of terms and conditions of sanction.

7. Processing Charge & DDE Fee

Processing charges of () ₹ 0.00 & DDE Fee (as applicable) are payable immediately.

8. Miscellaneous
Please call on us on any working day to execute the documents. The loan is also subject to other
terms and conditions as mentioned in the document(s) executed/to be executed in connection with
the loan and as may be prescribed by the Bank from time to time. The duplicate copy of this
arrangement letter may please be returned to us duly signed by you and the guarantor(s), if
aplicable in token of acceptance of the terms and conditions detailed herein.

The terms and conditions specified in this letter hold good for a period of 7 days from the date of this
letter.

Yours faithfully,

Branch Manager

Digitally Signed and delivered for and on behalf of State Bank of India by

An authorized officer of the State Bank of India

Terms and conditions accepted and acknowledged.

Sepoy Hardeep Singh

(Borrower)

Note: This is a system generated, digitally signed document.

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 Annexure: XP- 3

Personal Loan Agreement

(To be stamped as an agreement in accordance with the stamp act in force in the state in which the
document is executed)
This digital agreement is made between Sepoy Hardeep Singh, S/O Mr. Gurmel Singh, aged 36
Years 5 Months and residing at VILL- RAJPUR KANDHI, PO- GARHDIWALA, HOSHIARPUR,
PUNJAB, PIN- 144207 (hereinafter called ‘the Borrower’ which expression shall include his/her
representative, heirs, executors, administrators and assignees) of the one part and State Bank of
India a corporation constituted under the State Bank of India Act, 1955, and having one of its Local
Head Office at CHANDIGARH and amongst other places a Branch office at PURANI MANDI, OLD
HOSPITAL ROAD JDA COMPLEX JAMMU TAWI, OLD HOSPITAL ROAD JDA COMPLEX
JAMMU TAWI, JAMMU, JAMMU, JAMMU AND KASHMIR, 180001 hereinafter referred to as ‘the
Bank’ of the other part.

The place of this digital agreement is mutually agreed between the parties as Jammu and the date of
the agreement shall be the date on which the Borrower shall affix the electronic signature in this
agreement.
Whereas the Bank at the request of the Borrower agreed to grant to the Borrower a personal loan
under [XPRESS CREDIT] scheme of ₹ 4,00,000.00 (Rupees four lakh only) as set forth in the
Borrower’s application dated 26/09/2024 a copy of which is annexed and forms part of this
agreement.
It is hereby agreed as follows:
1. The request for grant of the loan by the Borrower shall be deemed to constitute the basis of this
agreement and the loan advanced/to be advanced by the Bank to the Borrower.
2. The Borrower hereby agrees that the loan shall inter alia be governed by the terms hereof.
3. The Borrower expressly agrees and undertakes to notify the Bank in writing of any circumstances
affecting the correctness of any of the particulars set forth in his/her application immediately after
the occurrence thereof.
4. Amount of loan may be directly paid to the Borrower in the manner decided by the Bank upon
request of the Borrower.
(i) Simultaneously with the execution of this agreement, the Borrower, shall pay one time
processing fee to the Bank as applicable, immediately on sanction of the loan.
5. The Borrower shall repay to the Bank, the amount of the loan together with interest, as per
arrangement/sanction letter which forms part of this agreement in 63 equated monthly
instalments (EMI) of ₹ 8,681.00 each, which is, however, subject to change depending upon
changes in rate of interest between the date of execution of this agreement and the date of first
disbursement, and any other debits raised in the account like insurance charges, fees etc. The
first equated monthly instalment (EMI) shall be payable on or after 05/10/2024 and the
subsequent instalments on or before the same date of each succeeding month thereafter, till the
entire loan is fully repaid with interest and other unpaid penalty, costs, charges and expenses.
The Bank shall be entitled to increase or decrease the amount as well as the number of EMI
which comprises of principal and interest at its sole discretion either on account of change in
interest rate or otherwise and the Borrower undertakes to pay EMI as determined by the Bank till
the time the entire loan together with interest and other unpaid penalty, costs, charges and
expenses is repaid.
6. Rate of Interest
Interest on the loan will be charged on daily reducing balance at monthly rests at 3.40% above
the two-year marginal cost of fund-based lending rate (MCLR) which is at present 9.05% per
annum, effective rate being 12.45% p.a. The Bank shall at any time and from time to time be
entitled to vary spread and/or MCLR at its discretion. Depending on variation of MCLR and/or
spread, the effective rate of interest may vary between the date of execution of this agreement
and the date of first disbursement. The rate of interest as applicable on the date of first
disbursement shall be valid for the entire tenor of the loan. In the event of default in payment of
any instalment or any irregularity in the loan account, penal interest at the rate of 2.00% per
month over the stipulated interest rate with monthly rests will be charged for the irregular amount
and overdue period.

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 Foreclosure/Prepayment Charges
(i) Any prepayment of EMIs in full or in part and closure of account before the end of term will
attract the prepayment charges of 3.00% on prepaid amount.
(ii) No prepayment/foreclosure charges will be applicable if the account is closed from the
proceeds of a new loan account opened under the same scheme.
Without prejudice to the Bank’s rights and remedies, the Bank shall be entitled to charge at its
own discretion, enhanced rates of interest/penal interest on the outstanding in the loan
account(s) or a portion thereof or for any default or irregularity on the Borrower’s part which in
opinion of the Bank warrants charging of such enhanced rates of interest for such period as the
Bank may deem fit and the Borrower undertakes to pay such interest.
Such interest will start accruing from the date of disbursement of the loan or the date of
disbursement of the first instalment of the loan where such loan is paid in instalments. Without
prejudice to the other rights of the Bank, if the Borrower defaults in making any payment to the
Bank, the Borrower shall pay to the Bank additional interest at the penal rate of (or at such higher
rate as the Bank may specify from time to time) on the amount of such default from the date of
default till the date of payment and the Borrower shall be liable to pay interest on the defaulted
amount of interest and penal interest at rate applicable to the loan amount with quarterly rest.
7. The Borrower agrees that if any instalment due hereunder is not paid on due date in the manner
set out in clause 5 here in above the agreement of the Bank to accept repayment of the said loan
by instalments or otherwise, shall at the option of the Bank forthwith determine and the whole
balance of the said loan unpaid at the date of such default shall immediately thereupon become
payable to the Bank.
8. If:
(i) The Borrower fails to pay any amount under this agreement on or before the due date or
commits breach of any of the terms, covenants, or conditions contained in this agreement; or
(ii) It is found that the Borrower has made any misrepresentation to the Bank; or
(iii) There exists any circumstances which in the opinion of the Bank prejudicially affects or may
affect the Bank’s interest or the Borrower’s ability to repay the loan; or
(iv) The Borrower commits any default under any other agreement with the Bank;
then without prejudice to the Bank’s other rights, the Bank shall be entitled at its option to
demand immediate repayment of the outstanding amount of the loan, interest, additional
interest, fees, costs, charges, expenses, stamp duty and all other sums whatsoever payable
by the Borrower to the Bank under this agreement and/or in connection with the loan
(hereinafter collectively referred to as ‘the Borrower’s outstandings’) and the Borrower shall
pay the same to the Bank forthwith.
9. Notwithstanding anything stated elsewhere in this agreement, the continuation of the loan shall
be at the sole and absolute discretion of the Bank and the Borrower’s outstandings shall be
payable by the Borrower to the Bank on demand. The Bank may at any time in its sole discretion
and without assigning any reason call upon the Borrower to pay the Borrower’s outstandings and
thereupon the Borrower shall pay the whole of the Borrower’s outstandings to the Bank without
any delay or demur.

10. The Borrower(s) hereby further agree that as precondition of the loan advances given to him by
the Bank, that in case of default in repayment of the loan/advances or in the repayment of the
interest thereon or any of the agreed instalment of the loan on due date(s) or in maintaining the
outstanding amount within the drawing power at any point of time, the Bank and/or the Reserve
Bank of India will have an unqualified right to disclose or publish his/her name(s) as defaulter in
such manner and through such medium as the Bank or Reserve Bank of India their absolute
discretion may think fit and the Borrower will not claim any right of secrecy to his/her account.
11. The Borrower hereby confirms, declares and agrees that:
(i) The monthly instalments shall automatically stand increased by any rates, taxes, charges,
imposts, levies and monies whatsoever that are or may be levied on these or the transaction
hereunder or which are or may become payable by the Bank, by virtue of entering into this
agreement.
(ii) To bear and pay all taxes, rates, duties, charges and other imposts and obligations, existing
as well as future, in respect of the transaction hereunder.

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 (iii) The Bank shall have a paramount right of set off and in exercise of the Bank’s general lien
under law, the Bank shall also have a paramount right of lien on all monies, accounts,
securities, deposits, goods and other assets and properties belonging to the Borrower or
standing to the Borrower’s credit (whether singly or jointly with any other person(s) which are
or may at any time be with or in possession or control of any branch of the Bank for any
reason or purpose whatsoever.
(iv) Any statement of account furnished by the Bank shall be accepted by and be binding on the
Borrower and shall be conclusive proof of the correctness of the amounts mentioned therein.
(v) The Borrower shall not be entitled to call upon the Bank to refrain from presenting any
cheque for payment and if the Borrower does so, the Bank shall nevertheless be entitled to
present the cheque for payment and in the event of dishonour the provisions under Chapter
XVII of the Negotiable Instruments Act, 1881, shall apply.
(vi) Each Borrower is a major and is competent in law to execute this agreement.
12. Any delay in exercising or omission to exercise any right, power, or remedy accruing to the Bank
under this agreement or any other agreement or document shall not impair any such right, power,
or remedy and shall not be construed to be waiver thereof or any acquiescence in any default,
nor shall the action or inaction of the Bank in respect of any default or any acquiescence by it in
any default affect or impair any right, power, or remedy of the Bank in respect of any other
default.
13. This agreement shall operate as a continuing security for all monies, indebtedness and liabilities
aforesaid due by the Borrower to the Bank.
14. That the Borrower agrees that the Bank shall be entitled to transfer the loan account to any of the
branches of the Bank after giving due notice.
15. Nothing herein contained shall prejudice any rights or remedies of the Bank in respect of any
other present or future security guarantee obligation or decree for any indebtedness or liability of
the Borrower to the Bank.
16. Notwithstanding anything contained herein above, I/We confirm having agreed that the Bank
reserves the absolute right to cancel the limits (either fully or partially) unconditionally without
prior notice (a) in case the limits/part of the limits are not utilised by me/ us, and/ or (b) in case of
deterioration in the loan accounts in any manner whatsoever, and/or (c) in case of non-
compliance of terms and conditions of sanction.

KEY FACT STATEMENT

1. Name of the Borrower/s Sepoy Hardeep Singh
2. Loan Amount ₹ 4,00,000.00 (Rupees four lakh only)

3. Loan Term 63 Months

4. Interest Type (Floating or Fixed) FIXED
5. a) Interest chargeable (in case of
floating rate loans) NOT APPLICABLE

b) Interest chargeable (in case of 12.45% p.a. (9.05% + 3.40%)

fixed rate loans)

6. Date of Interest reset No Reset

7. Mode of communication of changes Published in bank's website.

in Interest rates
8. Fee Payable

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 a. On Application a. Stamp duty for execution of documents
i.e., ₹ 100 (including Cess/ Surcharges, if
any)
b. Processing Fee: ₹ ₹ 0.00. (inclusive of
Goods and Services Tax), only if loan is
sanctioned.
c.DDE Fee (as applicable)
b. During the term of the loan NIL
c. On foreclosure NIL
d. Fee refundable if loan is not No processing fee is charged if loan is
sanctioned not sanctioned
e. Conversion Charges for switching NA
from floating to fixed interest and
vice-versa
f. Penalty for delayed payments If the EMI / Instalment(s) is not credited in
the loan account of the borrower on due
date , the undernoted charges will be
recovered from the borrower:
a. ₹ 500.00 + Goods and Services Tax
for non-credit of EMI/ Instalment (s)
on or before the due date.
b. 2.00% per month penal interest on
overdue instalment for the overdue
period.
9. EMI payable ₹ 8,681.00
10. Details of security/ collateral obtained NIL

11. Date on which the annual 31st March

outstanding balance statement will
be issued

In witness hereof the parties have signed and delivered the agreement at the date and place above
mentioned.

Digitally signed and delivered by

Sepoy Hardeep Singh

(Borrower)

Digitally signed and delivered for and on behalf of State Bank of India by

An authorised officer of the State Bank of India

Note: This is a system generated, digitally signed document.

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 Annexure: XP- 12

Irrevocable Standing Instruction given by the Borrower to the Bank

THE BRANCH MANAGER,

STATE BANK OF INDIA,
PURANI MANDI,
OLD HOSPITAL ROAD JDA COMPLEX
JAMMU TAWI,
OLD HOSPITAL ROAD JDA COMPLEX
JAMMU TAWI,
JAMMU,
JAMMU,
JAMMU,
JAMMU AND KASHMIR, PIN- 180001
Date: 26/09/2024
Madam/Dear Sir,

Sepoy Hardeep Singh

S/O Mr. Gurmel Singh
Irrevocable Letter of Authority/Standing Instruction
Xpress Credit
Savings Bank/Current Account Number: 20035352556

I Sepoy Hardeep Singh, S/O Mr. Gurmel Singh, aged 36 Years 5 Months and residing at VILL-
RAJPUR KANDHI, PO- GARHDIWALA, HOSHIARPUR, PUNJAB, PIN- 144207 undertake to deposit
my salary every month for credit to the aforesaid Savings Bank/Current account maintained at your
branch till liquidation of the amount advanced to me with up to date interest etc.
2. I further authorise you to deduct a sum of ₹ 8,681.00 (Rupees eight thousand six hundred eighty
one only) per month beginning from the salary for the month of OCTOBER, 2024 from the
aforesaid account for adjustment towards the balance outstanding in the loan account till
liquidation.
3. I hereby authorise State Bank of India, PURANI MANDI Branch to collect and receive any amount
payable towards provident fund, gratuity, pension or similar dues on my behalf in the event of my
retirement/resignation/termination or discontinuation of my services for any reason whatsoever.

4. I agree that the aforesaid authority shall be irrevocable till the entire amount of loan together with
interest stands liquidated. I further undertake to execute necessary authorisation/documents as
deemed just and necessary by the Bank.
5. I hereby undertake that I shall not shift/close my salary account with SBI and will continue to route
my salary from the same account till the currency of the loan.

Signature of the borrower

Sepoy Hardeep Singh

VILL- RAJPUR KANDHI,
PO- GARHDIWALA, HOSHIARPUR, HOSHIARPUR,
PUNJAB,
PIN- 144207

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