Loan Documentation

Borrower Name:

Relationship Manager Name:

Branch:

Date of Execution:

PF/VER3.8/FEB/2024/ABC
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Terms and conditions accepted by the Borrower 6-7

Terms and conditions accepted by the Borrower 8-9

10

11

Beneficial Owner Beneficial Owner Declaration to be taken All non-Individual

Declaration from the Borrower Cases No 12-13

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PF/VER3.8/FEB/2024/ABC 01
I/We refer to final application form No._________________________ Dated______________ submitted by me/us to
Aditya Birla Finance Limited. I/We have been provided the following information and I/we have read and understood
the following information and agree with the same and have accordingly filled up the aforesaid application form.

Nature of Facility Personal Power

Type of Facility Term Loan Flexi Loan (tick as applicable)

Facility Amount Not Exceeding

Amount1^ of each Instalment

No. of Monthly Instalments

First Instalment Date

Due Dates for Instalments _________________________ day of each month

Rate of Interest _________________________ per annum (p.a.)

Processing Fees (non-refundable) Rs. ______________________ + Taxes as applicable

Credit Administration Fees Rs. ______________________ + Taxes as applicable

Stamp Duty Charges (non-refundable) As per State Stamp Act

Cheque Bounce Charges & Late Payment fee As mentioned in the Schedule of Charges

Prepayment/Foreclosure charges As mentioned in the Schedule of Charges

1
For Flexi Loan – the amount of each installment shall vary, it shall be calculated as per the amount withdrawn from the approved Loan limit.
^BPI will be deducted along with First EMI – Please refer welcome letter received on your registered e-mail I’d for exact amount of First EMI.

I/We acknowledge that:

• I hereby acknowledge receipt of copy of Most Important Information, Standard Terms & Conditions and Most
Important Terms & Conditions.
• I/We have not made any payment in cash/bearer cheque or kind along with or in connection with this application form.
• I/We are aware of the fact that it is not mandatory for Aditya Birla Finance Limited to inform either in advance
or subsequently of the levy of any charges and/or change in the levy or introduction of such levy.
• Aditya Birla Finance Limited is entitled to add, to delete, to recall the Loan in event of default without any notice
or modify any of the aforesaid terms and conditions and the same shall be binding on me/us.
• In the event of any change of address for communication, any change in job, profession by me or my co-borrower,
the same should be intimated to Aditya Birla Finance Limited, one month in advance.
**Interest on the Personal Power loan shall accrue from the date on which the disbursal has been effected in the loan account and accordingly
the computation of the first EMI shall be calculated only for the actual number of days remaining for the due date of first instalment. ABFL shall
charge and collect BPI (Broken Period Interest). This will be deducted along with First EMI – Please refer welcome letter received on your
registered e-mail I’d for exact amount of First EMI. For rest of the instalments the entire period of 30 days based on a pre drawn schedule shall
be taken into consideration. The disbursement of the Personal Power loan will be done by issuing the disbursement Pay order I Demand
dra or otherwise Without the Bank concerning itself with the receipt of such disbursement by the Beneficiary/ Recipient and also with the
realisation of such payment order I Demand dra or the time taken In such realization. The interest will be calculated on a daily basis and will
be applicable on the outstanding balance or the utilized Loan limit amount. *All loans are at the sole discretion of Aditya Birla Finance Limited.
I/we have read and understood terms & conditions regarding non-disbursement of the Loan on account of non-fulfilment of the documents/-
formalities as required by Aditya Birla Finance Limited and agree with the same.

Name of Applicant(s)

Sign Date Location

Name of Co-applicant(s)

Sign Date Location

02
 SCHEDULE OF CHARGES
Type of Charges Personal Loans Business Loans STUL
Cheque Return Charges Rs. 500 Rs. 1,000 Rs. 1,000
Additional/ 3% of pending amount 3% of pending amount 3% of pending amount
Penal Charges per month per month per month
Charges for Cancellation 4% of loan amount 4% of loan amount 4% of loan amount
of Loan disbursed + taxes disbursed + taxes disbursed + taxes
CIBIL report retrieval fee Rs. 100 + GST per instance Rs. 100 + GST per instance Rs. 100 + GST per instance
Charge for exchanging Rs. 750 + GST per instance Rs. 750 + GST per instance Rs. 750 + GST per instance
PDCs/ECS
Loan Re-schedule Charges Rs. 5,000 + GST per instance Rs. 7,500 + GST per instance Rs. 7,500 + GST per instance
Stamp Duty As per actual if applicable As per actual if applicable As per actual if applicable
Insurance Premium As per actual if applicable As per actual if applicable As per actual if applicable
Pre-closure Quote Rs. 1,000 + GST per instance Rs. 2,500 + GST per instance Rs. 2,500 + GST per instance

For Term Loan facility For Term Loan For Term Loan
Charges: Charges: Charges:
a) Charges are Nil if the part a) NIL charges – if part a) NIL charges – if part
pre-payment is less than pre-payment is equal to pre-payment is equal to
20% of the principal 20% of total disbursed 20% of total disbursed
outstanding amount amount in a year amount in a year
b) Charges are 4% + GST if the b) 4% + GST, on remaining b) 4% + GST, on remaining
part pre-payment is more loan amount – if part loan amount – if part
than 20% of the principal pre-payment is greater pre-payment is greater
outstanding amount than 20% than 20%
Part Pre-payment Conditions: Conditions: Conditions:
a) No pre-payment is allowed a) No pre-payment is allowed a) No pre-payment is allowed
in first 12 months from in first 12 months from in first 12 months from
the date of disbursement the date of disbursement the date of disbursement
b) Part pre-payment amount b) Part pre-payment amount b) Part pre-payment amount
should be equal to OR should be equal to OR should be equal to OR
greater than total of 3 EMIs greater than total of 3 EMIs greater than total of 3 EMIs

For Flexi Loan facilities For Flexi Loan facilities For Flexi Loan facilities
No charges for payments No charges for payments No charges for payments
through mobile app/portal through mobile app/portal through mobile app/portal
Part pre-payment of loan Part pre-payment of loan Part pre-payment of loan
facility toward limit reduction facility toward limit reduction facility toward limit reduction
is not available is not available is not available

For Term Loan, charges are -

4% of the principal outstanding amount for term loan + GST

Foreclosure For Flexi Loan, charges are -

4% of the total withdrawable amount* + GST
Conditions:
Foreclosure is allowed only aer 12 months from the date of Loan disbursal

For Flexi Loan facility only For Flexi Loan facility only For Flexi Loan facility only
Annual Maintenance 0.25% on total withdrawable 0.50% on total withdrawable 0.50% on total withdrawable
Charges amount* irrespective of amount* irrespective of amount* irrespective of
utilisation on the date of levy utilisation on the date of levy utilisation on the date of levy
of such charges + GST of such charges + GST of such charges + GST

Any other charges As per actual if applicable

*Withdrawabale amount - Dropline balance on the date of levy of charges, i.e. Principal outstanding on the date of levy of charges
as per repayment schedule on disbursement of loan.

03
I/We refer to final application form No._________________________ Dated______________ submitted by me/us to
Aditya Birla Finance Limited. I/We have been provided the following information and I/we have read and understood
the following information and agree with the same and have accordingly filled up the aforesaid application form.

Nature of Facility Personal Power

Type of Facility Term Loan Flexi Loan (tick as applicable)

Facility Amount Not Exceeding

Amount1^ of each Instalment

No. of Monthly Instalments

First Instalment Date

Due Dates for Instalments _________________________ day of each month

Rate of Interest _________________________ per annum (p.a.)

Processing Fees (non-refundable) Rs. ______________________ + Taxes as applicable

Credit Administration Fees Rs. ______________________ + Taxes as applicable

Stamp Duty Charges (non-refundable) As per State Stamp Act

Cheque Bounce Charges & Late Payment fee As mentioned in the Schedule of Charges

Prepayment/Foreclosure charges As mentioned in the Schedule of Charges

1
For Flexi Loan – the amount of each installment shall vary, it shall be calculated as per the amount withdrawn from the approved Loan limit.
^BPI will be deducted along with First EMI – Please refer welcome letter received on your registered e-mail I’d for exact amount of First EMI.

I/We acknowledge that:

• I hereby acknowledge receipt of copy of Most Important Information, Standard Terms & Conditions and Most
Important Terms & Conditions.
• I/We have not made any payment in cash/bearer cheque or kind along with or in connection with this application form.
• I/We are aware of the fact that it is not mandatory for Aditya Birla Finance Limited to inform either in advance
or subsequently of the levy of any charges and/or change in the levy or introduction of such levy.
• Aditya Birla Finance Limited is entitled to add, to delete, to recall the Loan in event of default without any notice
or modify any of the aforesaid terms and conditions and the same shall be binding on me/us.
• In the event of any change of address for communication, any change in job, profession by me or my co-borrower,
the same should be intimated to Aditya Birla Finance Limited, one month in advance.
**Interest on the Personal Power loan shall accrue from the date on which the disbursal has been effected in the loan account and accordingly
the computation of the first EMI shall be calculated only for the actual number of days remaining for the due date of first instalment. ABFL shall
charge and collect BPI (Broken Period Interest). This will be deducted along with First EMI – Please refer welcome letter received on your
registered e-mail I’d for exact amount of First EMI. For rest of the instalments the entire period of 30 days based on a pre drawn schedule shall
be taken into consideration. The disbursement of the Personal Power loan will be done by issuing the disbursement Pay order I Demand
dra or otherwise Without the Bank concerning itself with the receipt of such disbursement by the Beneficiary/ Recipient and also with the
realisation of such payment order I Demand dra or the time taken In such realization. The interest will be calculated on a daily basis and will
be applicable on the outstanding balance or the utilized Loan limit amount. *All loans are at the sole discretion of Aditya Birla Finance Limited.
I/we have read and understood terms & conditions regarding non-disbursement of the Loan on account of non-fulfilment of the documents/-
formalities as required by Aditya Birla Finance Limited and agree with the same.

Name of Applicant(s)

Sign Date Location

Name of Co-applicant(s)

Sign Date Location

04
 SCHEDULE OF CHARGES
Type of Charges Personal Loans Business Loans STUL
Cheque Return Charges Rs. 500 Rs. 1,000 Rs. 1,000
Additional/ 3% of pending amount 3% of pending amount 3% of pending amount
Penal Charges per month per month per month
Charges for Cancellation 4% of loan amount 4% of loan amount 4% of loan amount
of Loan disbursed + taxes disbursed + taxes disbursed + taxes
CIBIL report retrieval fee Rs. 100 + GST per instance Rs. 100 + GST per instance Rs. 100 + GST per instance
Charge for exchanging Rs. 750 + GST per instance Rs. 750 + GST per instance Rs. 750 + GST per instance
PDCs/ECS
Loan Re-schedule Charges Rs. 5,000 + GST per instance Rs. 7,500 + GST per instance Rs. 7,500 + GST per instance
Stamp Duty As per actual if applicable As per actual if applicable As per actual if applicable
Insurance Premium As per actual if applicable As per actual if applicable As per actual if applicable
Pre-closure Quote Rs. 1,000 + GST per instance Rs. 2,500 + GST per instance Rs. 2,500 + GST per instance

For Term Loan facility For Term Loan For Term Loan
Charges: Charges: Charges:
a) Charges are Nil if the part a) NIL charges – if part a) NIL charges – if part
pre-payment is less than pre-payment is equal to pre-payment is equal to
20% of the principal 20% of total disbursed 20% of total disbursed
outstanding amount amount in a year amount in a year
b) Charges are 4% + GST if the b) 4% + GST, on remaining b) 4% + GST, on remaining
part pre-payment is more loan amount – if part loan amount – if part
than 20% of the principal pre-payment is greater pre-payment is greater
outstanding amount than 20% than 20%
Part Pre-payment Conditions: Conditions: Conditions:
a) No pre-payment is allowed a) No pre-payment is allowed a) No pre-payment is allowed
in first 12 months from in first 12 months from in first 12 months from
the date of disbursement the date of disbursement the date of disbursement
b) Part pre-payment amount b) Part pre-payment amount b) Part pre-payment amount
should be equal to OR should be equal to OR should be equal to OR
greater than total of 3 EMIs greater than total of 3 EMIs greater than total of 3 EMIs

For Flexi Loan facilities For Flexi Loan facilities For Flexi Loan facilities
No charges for payments No charges for payments No charges for payments
through mobile app/portal through mobile app/portal through mobile app/portal
Part pre-payment of loan Part pre-payment of loan Part pre-payment of loan
facility toward limit reduction facility toward limit reduction facility toward limit reduction
is not available is not available is not available

For Term Loan, charges are -

4% of the principal outstanding amount for term loan + GST

Foreclosure For Flexi Loan, charges are -

4% of the total withdrawable amount* + GST
Conditions:
Foreclosure is allowed only aer 12 months from the date of Loan disbursal

For Flexi Loan facility only For Flexi Loan facility only For Flexi Loan facility only
Annual Maintenance 0.25% on total withdrawable 0.50% on total withdrawable 0.50% on total withdrawable
Charges amount* irrespective of amount* irrespective of amount* irrespective of
utilisation on the date of levy utilisation on the date of levy utilisation on the date of levy
of such charges + GST of such charges + GST of such charges + GST

Any other charges As per actual if applicable

*Withdrawabale amount - Dropline balance on the date of levy of charges, i.e. Principal outstanding on the date of levy of charges
as per repayment schedule on disbursement of loan.

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 STANDARD TERMS AND CONDITIONS

THE STANDARD TERMS AND CONDITIONS set out herein (the "Standard Terms") shall be applicable to the Term Loan/ Flexi Loan
provided/ to be provided by Aditya Birla Finance Ltd ("ABFL") to the Borrower(s).
1. Upon the representation and information provided by the Borrower(s) in the application for the loan made to ABFL, ABFL
hereby agrees to lend to the Borrower(s) the sum specified in the Most Important Information section of this document for the
personal/business requirements of the Borrower(s), which shall hereinaer be referred to as the 'Loan".
2. The ABFL shall have the right to recall the Loan at any time at its discretion, without assigning any reasons for such recall,
and upon such recall, the Loan and all other amounts stipulated by the ABFL shall be payable forthwith.
3. The Borrower(s) shall be liable for all amounts due and all costs, duties, levies etc. incurred in enforcing this Standard Terms or in
undertaking any recovery proceedings with respect to the Loan. The Borrower(s) acknowledges that the stamp duty is applicable to
this Standard Terms and accordingly has paid the same, in case of any deficit the Borrower(s) shall be liable for the same.
4. The Borrower(s) shall repay the Loan, and the interest payable thereon, in monthly instalments as per the repayment schedule
specified in the Most Important Information section, which instalments are hereinaer referred to as "The Equated Monthly
Instalments" or "EMI". Any dispute, including that relating to the interest computation, shall not entitle the Borrower(s) to
withhold payment demanded by the ABFL and/or payment of any EMI. The repayment schedule for the Loan is without preju-
dice to the rights of the ABFL to re-compute the interest, in case of any variation of the same. On such re-computation,
payments shall be made by the Borrower(s) in accordance with such amended repayment schedule(s), as may be intimated by
the ABFL to the Borrower.
5. The Borrower(s) agrees to issue Cheques/NACH/Sls (referred to as "Repayment Instructions") prior to the disbursement of the
Loan for the repayment of the Loan and is fully cognizant that dishonour of the repayment of the Loan is a criminal offence
under the law. Additionally, ABFL will also accept payment through NEFT/ RTGS and the Borrower(s) can choose to avail such
options when required to make payment towards the Loan account.
6. The Borrower(s) acknowledges that the Cheques/NACH/SI mode of repayment is issued in favour of the ABFL, in advance for
the payment of the EMls (as applicable). ABFL may at any time at its sole discretion, with prior notice to the Borrower(s), make
a demand for the repayment of the Loan and dues thereto. The Borrower(s) shall not revoke the Cheque/NACH/SI mode for
payment of the EMls (as applicable) during the tenure of this Loan, except with the prior approval of the ABFL. In case the
Borrower(s) revokes his/her/their/its consent to participate in the NACH/SI mode without obtaining the prior written consent
of the ABFL, the same shall be deemed to be an 'Event of Default', as defined in this Standard Terms and ABFL shall have the
right to forthwith recall the Loan without giving any notice to the Borrower(s). Notwithstanding anything contained herein,
ABFL shall have the right to initiate criminal action or take any other action/remedy available under the applicable laws against
the Borrower(s).
7. In case of Term Loan, the Borrower(s) may prepay the entire outstanding balance of the Loan or may opt for part -prepayment, basis
the norms and charges as mentioned in the schedule of charges. Pre-Payment amount will get adjusted towards interest, principal
amount outstanding and other charges. The prepayment shall take effect only if the standard NACH/SI payment for the month or
alternate payment made through NEFT/RTGS has been cleared and proceeds thereof realized by the ABFL in clear funds.
8. In case of Flexi Loan , the Borrower(s) shall have option to withdraw any amount from the approved Loan limit as per his/her/
their/its requirement and accordingly the interest payable thereon shall be computed by ABFL which shall be communicated
to the Borrower. Borrower(s) shall also have an option of repayment through the ABFL mobile app/website without any application
of pre-payment charges to manage his/her/their/its Loan outstanding. The Borrower may also foreclose the Loan basis the
norms and charges as mentioned in the Schedule of Charges.
9. The records maintained by the ABFL shall be conclusive proof of the amounts outstanding from and due by the Borrower(s).
10. A certificate issued by the ABFL stating the amount due at any particular time shall be conclusive evidence as against the
Borrower(s). However, nothing herein shall prejudice the ABFL's interests or rights if there is any clerical or arithmetical error
in the interest calculations due and payable by the Borrower(s).
11. ABFL shall have a right to sell or transfer (by way of assignment, securitization or otherwise) whole or part of the outstanding
amounts under the Loan or any other rights under this Standard Terms or any other document pursuant hereto to any person
in a manner or under such terms and conditions as ABFL may decide in its sole discretion, without any notice to the Borrow-
er(s). The Borrower(s) shall not transfer or assign his/her/their/its rights under the aforesaid Loan.

Borrower(s)'s Representations, Warranties, Covenants and Undertakings

With a view to request ABFL to grant the Loan to Borrower(s), the Borrower(s), hereby represents, warrants to, covenants and
undertakes with ABFL that he/she/they/it-
1. Has given complete and correct information and details in the application form about himself/herself/themselves/itself.
2. ABFL's associates, agencies, Credit Information companies and/or any other agency so authorized may use, process the said
information and data disclosed to ABFL in the manner as deemed fit by them and
3. has no pending claims demands litigation or proceedings against him/her/them before any court or authority (public or private);
4. Shall ensure that the purpose for the Loan advanced by ABFL is fulfilled in all respects and produced to ABFL, the necessary
documents, as may be required by ABFL;
5. Shall in addition to the income/ financial statement/s required by ABFL furnish such other information/ documents concerning
his/her employment, trade, business, profession or otherwise as ABFL may require from time to time;
6. Shall promptly and without requiring any notice or reminder from ABFL, repay to ABFL the Loan in accordance with the Repay-
ment Terms mentioned herein
7. Shall (in case of more than one borrower) be jointly and severally liable to repay the Loan, interest and all other sums due and
payable under this Loan document and to observe its terms and conditions;

Applicant Signature Co-Applicant Signature

06
8. Where applicable, shall inform ABFL of any likely change in his/her employment or his/her/their/its business, trade as the
case maybe.
9. Shall not stand surety or guarantor for any third-party liability or obligation without the prior consent of ABFL;
10. Being a resident in India, shall not leave India for employment or business or long stay without first fully repaying the Loan
then outstanding due and payable with interest and other dues, including prepayment charges, if any;
11. The Borrower(s) shall, in case the borrower(s) is a company/firm/body corporate, notify ABFL at least 30 days in advance of any
intended a) change in business, constitution or constitution documents or b) closure of its business or c) change in address.
12. The Borrower(s) hereby undertakes to keep the ABFL informed of any change in the Borrower(s)’s e-mail ID, Telephone
number, Mobile number and Address. The Borrower(s) authorizes ABFL to update the contact information change that ABFL
may be informed of and hereby authorizes ABFL to contact the Borrower(s) at the updated contact details, by post, telephone,
e-mail, SMS/text messaging. Borrower(s), hereby undertake that all communication as required under the Loan shall be made
by the Borrower(s) from the email id as communicated, which is in Borrower(s) name or in the name of authorised representative
of the Borrower(s). Borrower(s) further state that ABFL shall be free to communicate with the Borrower(s) on the communicated
email id and/or the Mobile number with regards to any kind of communication as may be required pertaining to the Loan and
the same shall be valid and binding on the Borrower(s).
13. The Borrower(s) agrees and undertakes not to and warrants and represents to ABFL that the Borrower(s) shall not utilize the
Loan for any antisocial, unlawful, or speculative purposes and/or capital market purposes.
14. The Borrower(s) agrees that ABFL shall send any notice/letter/other document meant for the Borrower(s) at the address last
intimated by the Borrower(s) and shall be deemed to have been delivered within 48 hours aer it has been sent by registered
post, under certificate of posting, ordinary post or courier or email at the discretion of ABFL. All writings from the Borrower(s)
to ABFL must be received from the Borrower(s) at the address specified in the Loan application form.
15. ABFL shall have the sole right to decide on whether to avail CGTMSE coverage (which is subject to a specified capping of
funds) on amount advanced by ABFL to the Borrower in respect of or under the aforesaid Facility Agreement. This CGTMSE
coverage shall be additional and without prejudice to the terms and conditions of the Facility Agreement as agreed upon
between the Parties.
16. The Borrower(s) agrees and undertake that any notice/letter/communication/dra served by ABFL on any of the Borrower/-
Co-Borrowers shall be deemed to be served on each of them.

Default
ABFL may by a written notice to the Borrower(s), in its sole discretion, declare all sums outstanding under the Loan (including the
principal, interest, charges, expenses) to become due and payable forthwith and enforce the security (if applicable) in relation to
the Loan upon the occurrence of any one or more of the following:
1. The Borrower(s) fails to pay to ABFL any amount when due and payable as per the terms and conditions of the Loan.
2. The Borrower(s) fails to pay to any person other than ABFL any amount when due and payable or any person other than ABFL
demands repayment of the loan or dues or liability of the Borrower(s) to such person ahead of its repayment terms as previ-
ously agreed between such person and the Borrower(s);
3. The Borrower(s) defaults in performing any of his/her/their/its obligations under this Loan or breaches any of the terms or
conditions as mentioned herein;
4. The Borrower(s) opts to resign or retires from the employment prior to the age of superannuation or is discharged or removed
from service before such date for any reason whatsoever
5. Any of the information provided by the Borrower(s) to avail the Loan or any of his/her/their/its Representations, Warranties
herein being found to be or becoming incorrect or untrue;
6. Any person other than ABFL commencing proceedings to declare the Borrower(s) insolvent or if the Borrower(s) become
bankrupt or insolvent or commit act of insolvency;

Cross Default:
Any default by the Borrower(s) or its/their promoters/ affiliates/ agents/ associates/ group companies/ directors (independent
or executive)/ subsidiaries /assigns, under this or any other agreement or other writing between the Borrower(s) (including
its/their promoters/ affiliates/ agents/ associates/group companies/ directors (independent or executive)/ subsidiaries/
assigns) and ABFL or its promoters/ affiliates/ subsidiaries, assigns or any group company, or under any other agreement or
writing of indebtedness of the Borrower(s) or its/their promoters/ affiliates/ agents/associates/group companies/ directors
(independent or executive) /subsidiaries/ assigns, or in the performance of any covenant, term or undertaking thereunder, or any
indebtedness of the Borrower(s) or its/their promoters/ affiliates/ agents/associates/group companies/ directors (independent
or executive)/ subsidiaries /assigns, not being paid when due or any creditor of the Borrower(s) or its/their promoters/ affiliates/
agents/associates/group companies/ directors (independent or executive)/subsidiaries /assigns becoming entitled to declare
any indebtedness due and payable prior to the date on which it would otherwise have become due or any guarantee or indemnity
or collateral given or other support agreement entered into by the Borrower(s) or its/their promoters/ affiliates/ agents/ associates/
group companies/ directors (independent or executive)/subsidiaries /assigns not being honored when due and called upon.

Settlement of Disputes
Any differences or disputes arising out of or in relation to the terms and conditions as contained herein, shall be settled amicably
in the first instance within ____ days from the date of notice/communication of the dispute/difference served by either party.
Unresolved disputes or differences shall be referred to a sole Arbitrator, who shall be appointed by ABFL.. The arbitration shall be
governed by the Arbitration and Conciliation Act, 1996 or any statutory modification or re-enactment thereof and the Rules made
thereunder and for the time being in force. The award of the Arbitrator shall be final, conclusive and binding on the parties. The
venue of such arbitration proceedings shall be Mumbai and shall be conducted in the English language only.

Applicant Signature Co-Applicant Signature

07
 MOST IMPORTANT TERMS & CONDITIONS (“MITC”)

SCOPE
The MITC covers the following Loan products:
■ Personal Loan (PL)
■ Business Loan (BL)
■ Doctor’s Loan (DL)

PURPOSE OF LOAN
Personal Loan (PL)
Personal Loan is an unsecured loan proposition for Individuals for the purpose of Personal use, Paying Fees, Renovation/Down
payment for House and any other legal purpose.

Business Loan (BL)

Business Loan is an unsecured loan proposition for emerging small & medium businesses to fulfill various commercial needs such
as working capital requirements, asset purchase, growth expenditure etc.

Doctor’s Loan (DL)

Doctor’s Loan is an unsecured loan proposition for self employed/consulting doctors for the purpose of meeting working capital
requirements, business expansion etc.

The Borrower hereby undertakes that the monies which will be drawn by the Borrower under the Credit Facility shall be used for
the purpose of as agreed in the Loan Application. Further the Borrower represent, warrant and confirm that the aforesaid purpose
is a valid purpose and also agree and undertake to utilize the Credit Facility only for the agreed purpose and that the Credit Facility
shall not be used for any of the following purpose:
• Illegal & antisocial activity
• Speculative investment in real estate
• Investment I securities, debentures or the stock markets
• Money lending activities
• Speculative activities not mentioned above
• Or for any other activities for which the Credit Facility is not extended

Borrower further agree, confirm, and undertake that the purpose of use of funds under the Loan shall not be changed in any
manner during the tenure of the Loan; or that such change in purpose shall take place only with the prior written permission of
Aditya Birla Finance Limited.

RATE OF INTEREST
Borrower(s) would be required to service the loan monthly at such rate as set out in the Most Important Information section of
this Loan document..

FEES AND CHARGES

■ Please refer to the Schedule of Charges for the latest fees and charges updated on our website http://adityabirlafinance.com.
Borrower(s) can also make enquiries at any branch of Aditya Birla Finance (ABFL) or with ABFL's Customer service.
■ Any fees and charges mentioned in the Most Important Information section and/or Schedule of Charges are the rates applicable
on the date of issuance/approval of the Loan and are subject to change from time to time, which shall be notified/updated
on ABFL’s website. .
■ Any Taxes as applicable on the fees and charges shall be payable by the Borrower(s).

LIABILITY OF BORROWER
Where the Loan is provided to more than one Borrower, then the liability of the Borrower(s) to repay the Loan together with interest and
all other amounts and to observe the terms and conditions as contained herein and any other document(s) made between the
Borrower(s) and ABFL in respect of the Loan is joint and several.

CONDITIONS FOR DISBURSEMENT OF LOAN

■ ABFL shall be entitled to revoke the sanction of the Loan, inter alia, in any of the following circumstances:
■ Assessment/ verification checks not satisfactory to ABFL
■ There is any material change in the purpose(s) for which the Loan is being sanctioned
■ In the sole judgement of ABFL, any material fact has been concealed and/or ABFL becomes subsequently aware of during
the tenor of the Loan.

Applicant Signature Co-Applicant Signature

08
■ Accepted copy of this Loan document not received within the period specified by ABFL.
■ Any statement/ information made by or on Borrower(s) behalf is misleading, unsatisfactory or is incorrect
■ There is a default or breach or violation of any condition of this or any other facility offered/availed by Borrower(s) from ABFL
■ Loan document/ any other documents related to disbursement being incomplete, incorrect or unsatisfactory, in a form and
manner as may be required by ABFL in connection with the Loan.
■ Provided further that notwithstanding anything to the contrary contained herein , ABFL may in its sole and absolute discretion
at any time, terminate, cancel or withdraw the Loan or any part thereof (even if no/ partial disbursement is made) without any
liability and without any obligations to give any reason whatsoever, whereupon all principal monies, interest thereon and all
other costs, charges, expenses and other monies outstanding (if any) shall become due and payable to ABFL by the Borrower(s)
forthwith upon demand from ABFL.

REPAYMENT
■ "El" or "Equated Instalments" shall mean the amount payable by the Borrower(s) at such periods as provided for in the Most
Important Information section of this Loan document, to ABFL comprising of Interest, or as the case may be, principal and
Interest calculated on the basis of such Interest Rate as applicable as stated in the Most Important Information section and is
rounded off to the next rupee.

DEFAULT
■ If the Borrower(s) commits default in payment of the EI or are is late in paying any El, ABFL will report the non-payment to
various credit bureaus. This may have an adverse effect on the Borrower(s)credit rating and may affect Borrower(s) ability to
obtain credit from other lenders. To avoid any adverse credit history with credit bureaus, Borrower(s) should ensure that timely
payment of the amount due on the Loan amount is duly made.
■ If an "Event of default" (as defined under the Standard Terms herein), Borrower(s) shall be asked to pay penal interest or such
other rate of interest as decided by ABFL. For default interest rate/ charges for non-conformance/compliances, please refer
to the Schedule of Charges for more details.

PREPAYMENT AND FORECLOSURE

■ The Borrower(s) shall have option to prepay /foreclose Ipart prepay the Loan by giving a notice in writing and shall pay in
accordance with the prepayment /foreclose rules of ABFL, along with prepayment/foreclosure charges if any ( please refer to
Schedule of Charges for more details).
■ The original documents of the Borrower(s) submitted with ABFL, would be returned within 15 days of satisfactorily closing the
Loan as per the terms and conditions of this Loan document..

INSURANCE
Borrower(s) hereby declare that the Borrower(S) would like to opt for insurance plan offered by insurance company in association
with ABFL. Borrower(s) have carefully read and understood the contents of the insurance brochure. Borrower(s) have understood
that the Loan amount sanctioned by ABFL is unconditional to Borrower(s)’s opting for the insurance & undertakes to pay the requi-
site premium at the time of disbursement of the Loan. Borrower(s) confirm that he/she/they are voluntarily participating in this
program and are aware that the Loan is available without the insurance as well.

CUSTOMER SERVICE
For any service-related issue, Borrower(s) may get in touch with ABFL by:
■ Calling ABFL Customer Service Desk on the numbers provided on ABFL’s website.
■ Placing a request online by logging onto www.adityabirlafinance.com
■ Contacting the concerned Relationship Manager (RM) at any of ABFL’s branches.

DISCLOSURE
■ The Borrower(s)acknowledges the right of ABFL to provide details of the Borrower(s)'s account to third party agencies for the
purpose of availing support services of any nature by ABFL, without any specific consent or authorisation from the Borrower(s).
■ ABFL has the right to recall the Loan in the event of the Borrower(s) failing to submit all/any post disbursal documents.
■ ABFL is authorized to disclose from time to time any information relating to the Loan to any credit bureau (existing or future)
approved by Government of India and Reserve Bank of India without any notice to the Borrower(s). ABFL is also authorized to
make inquiries with the Credit Information Bureau of India (CIBIL) and get the applicant's Credit Information Report.
■ ABFL staff shall never collect cash from Borrower(s) or ask for sharing of any passwords. Borrower(s) acknowledges that no
cash has been paid to ABFL staff along with Loan application and that the application has not been made against promise of
any gis or special waivers.
■ The Most Important Terms and Conditions mentioned above are an indicative list of terms and conditions of ABFL’s Loan
products. The MITC should be read in conjunction with the Standard Terms, Most Important Information and such other docu-
ments signed by the Borrower(s) in relation to the Loan sanctioned/to be sanctioned by ABFL.

Applicant Signature Co-Applicant Signature

09
 REQUEST FOR DISBURSAL

Dear Sir/Madam
This is with reference to my/our facility/ies sanctioned by your office and in furtherance of the same I/we request you to kindly
disburse the Loan amount in following manner:

Bank Details/ Cheque in Favour of:

Mode of Disbursement: RTGS / NEFT / Fund Transfer

Beneficiary Name: _______________________________________________________________________________________________

Beneficiary Account Number:________________________________ Bank Name:___________________________________________

Bank Branch Name:____________ IFSC Code (only for RTGS):________________________ MICR Code:________________________

(If the above account is not mapped to your loan account already, please submit a cancelled cheque from a personalized (corporate/
individual) cheque book OR copy of bank statement)

I/We hereby declare that,

1. I/we shall be responsible and liable for the above disbursement made by ABFL as requested for above and the same shall be treated
as a Loan under all the documents executed/to be executed with respect thereto.
2. Interest calculation will start from the date of respective disbursal irrespective of the date of realization of funds in my/our
account.
3. Interest shall be payable by me/us even in case the disbursement amount instrument is not deposited by me/us in the bank for
realization or disbursement amount is not utilized by me/us.
4. I/We hereby confirm that as per the terms of the Loan document, ABFL shall deduct Pre EMI/BPI from the disbursed amount.
5. I/We hereby understand that the actual disbursal amount shall be subject to change, basis the outstanding balance of any existing
loans and shall vary from that of the sanctioned amount stated in the Loan document. I/We further agree, undertake and confirm
not to bring any claim or protest against ABFL or any of its officers for the said disbursed amount.

Name of Applicant Name of Co-Applicant

Note: Every cancellation/correction/modification needs counter signature by borrower. ABFL will not be responsible for any change
with respect to a person favoring, other than filled as herein.

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 DECLARATION FOR SIGNING IN VERNACULAR LANGUAGE

I,______________________________________, son/daughter/Wife of ______________________________________

adult and inhabitant of___________________________ residing at______________________________________, do

hereby stale, declare and solemnly affirm as under:-

I have been read out and explained, in the language known to me and understood by me, the contents of the documents

and all other documents incidental and ancillary to availing the Loan from Aditya Birla Finance Limited ("ABFL") by

me/by Mr./Ms.____________________________________________________________________________________

and I have signed the said documents aer having understood them, of my free will and by signing the same l do

hereby agree to abide by all the terms and conditions of the Loan document and the clauses of the same.

I declare that whatever I have stated hereinabove is true and correct to the best of my knowledge and belief.

Solemnly affirmed at _____________________________ on this________________ day of___________ 20______.

Signed:
Signature of Borrower / Co-Borrower
signing In Vernacular Language
Name:

11
 BENEFICIAL OWNER DECLARATION

Note:

1. Beneficial Owners are not required to be identified in the case of company listed on stock exchanges in India or
Wholly Owned Subsidiaries company listed on stock exchanges in India or it is an entity resident in jurisdictions
notified by the Central Government and listed on stock exchanges or it is a subsidiary of such listed entities in
any jurisdictions as notified by Central Government.

2. In cases of trust/nominee or fiduciary accounts determine whether the customer is acting on behalf of another
person as trustee/nominee or any other intermediary and obtain satisfactory evidence of the identity of the
intermediaries and of the persons on whose behalf they are acting as well as details of the nature of the trust or
other arrangements in place.

Please Tick the relevant option below:

Where customer is a company, the following natural person(s) ultimately have a controlling ownership interest of
shares/capital/profits of more than 10 percent in the company or who exercise control in the company through
other means.

Where customer is a partnership firm or LLP, the following natural person(s) who, whether acting alone or
together, or through one or more juridical person, has/have ownership of/entitlement to more than 15 percent
of capital or profits of the partnership.
Where customer is an unincorporated association or body of individuals (Association/Society/etc.), the following
natural person(s) who, whether acting alone or together, or through one or more juridical person, has/have
ownership of/entitlement to more than 15 percent of the property or capital or profits of the unincorporated
association or body of individuals.

There is no natural person(s) who exercise control or ultimately have a controlling ownership interest as stated
above; therefore, details of partner(s) (for partnership firms)/ or senior managing official of a company/
unincorporated association/body of individuals (Association/Society/etc.), as the case may be, have been
provided in the table below.

Where the customer is a trust, the following are the natural persons who, are the author of the trust, the trustee,
the beneficiaries with 10 percent or more interest in the trust and any other natural person exercising ultimate
effective control over the trust through a chain of control or ownership.

Name of the Applicant/ Customer:

Does the OVD

Sr. Current address match the Mobile Date of Control Controlling
Name current address Birth Gender Details
No. Address (If "No" provide Number Owership%
(DOB) Type
a deemed OVD)

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 OVD & Country Tax
Nationality Resident of Father’s Occupation Country of Tax Identification
PAN# Deemed of Birth
India OVD Name Residence No. (TIN)
✔ Resident
Non-Resident

Notes:
Please quote PAN/form 60 in the PAN field.
Applicable for Indian nationals/resident individuals. For other countries, functional equivalent of PAN (like Tax
identification number-TIN number or unique number like Social Security Number-SSN) can be provided.
1) Photograph of BO is mandatory
2) Either the mother’s name, the father’s name, or Spouse’s name is mandatory. In case where PAN is not available
the father’s name is mandatory.
3) Senior Managing Official would include- Key Managers, and C-Suite individuals (like CEO, CFO, COO etc)
4) In case Original Seen & Verified (OSV) certification is not possible for BOs who are Foreign Nationals / NRIs/
PIOs, the document needs to be certified by any one of the following authorities:
• Authorized officials of overseas branches of Scheduled Commercial Banks registered in India
• Branches of overseas banks with whom Indian banks have relationships
• Notary Public abroad
• Court Magistrate
• Judge
• Indian Embassy/ Consulate General in the country where the non-resident customer resides
I/We agree that I/We will notify Aditya Birla Finance Limited without delay of any changes to the Beneficial Owner/-
Controlling natural person, as declared in the table above.

1. Signature of Authorized Signatories: 2. Signature of Authorized Signatories:

Name: Name:

Designation: Designation:

Date: Date:

Photograph of Beneficial Owners: Photograph of Beneficial Owners:

Recent Recent
Colour Colour
Photograph Photograph

Name: Name:

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 DEDUCTION AT SOURCE

Date:_______________
To,
The Payroll Team
_________________________________________________________________________________________________
Re: Request to deduct EMI from salary for Loan availed from Aditya Birla Finance Ltd. for
` ____________________________________________________________________________________/- (in words)

Dear Sir/Ma'am

I Shri/Smt/Kum ___________________________________________________ (Name of employee)__________ aged

about__________ (age) residing at ___________________________________________________________________
(address) am a employee with________________________________________ (name of Co) and my employee ID
is__________________. Ihave availed a Loan from Aditya Birla Finance Limited.("ABFL") on_______________ (date)
vide the Loan document dated_____________ (hereinaer the Loan).As per the terms of the Loan, I am liable to
repay the Loan to ABFL by way of equated monthly instalments (EMI).

Therefore, I hereby request and duly authorize you the Payroll team / _______________________________________
____________________________________________ to deduct the EMI payable to ABFL, as communicated to you
the Payroll team /_______________________________________ on the (____________) day of every month by ABFL
from the salary and the total emoluments payable to me /my payroll and credit the same towards my Loan Account
No. ________________________ held with ______________________ (ABFL) as per this one time instruction.

With respect to the aforesaid, I hereby authorise you the payroll team/ __________________________________
as follows:
1. On the________________ day of each month, salary paid out to me will be net of the EMI payable to ABFL
2. In case of any shortfall to cover the EMI as mentioned in point no 1 above, you are requested to share my entire
salary and/or emoluments and/or bonus, if any with ABFL, who is authorised to recover the balance through a
direct debit instruction given on my savings account no________________________________ (please provide
savings account no)
3. I understand that the Loan is on a fixed rate of interest.
4. I hereby authorize you the payroll team/ _______________________________________________ to transfer the
EMI so deducted from the salary or bonus or emoluments to ABFL towards the repayment of the Loan
5. I shall not unilaterally rescind/ revoke/ cancel/ withdraw the aforesaid instructions at any given time or without
prior written approval of ABFL.
6. This letter /authority /declaration shall be binding on me and my legal heirs, representatives, executors,
administrators and permitted assigns and shall inure for the benefit of ABFL its successors and assigns.
7. I shall not object/ protest/ obstruct in any manner whatsoever, the payment of the EMI form my salary including
and not limited to or from any bonus or any emoluments due and payable to me as an employee.
8. I have issued this letter freely and voluntarily to attest to the foregoing facts and statements and for whatever
legal purpose it may serve.

Yours Faithfully

(Name of employee) ___________________________________

(Employee ID) ________________________________________

Signature

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 CHEQUE SUBMISSION FORM

I / We have been informed by ABFL and I / We give our consent that ABFL, may at its discretion, shred the Security / EMI cheques on closure of the Facility without
any intimation to me.

CHEQUE SUBMISSION FORM (CPU COPY)

I / We have been informed by ABFL and I / We give our consent that ABFL, may at its discretion, shred the Security / EMI cheques on closure of the Facility without
any intimation to me.

15
IMPORTANCE OF FOLLOWING
REPAYMENT SCHEDULE
The repayment schedule/payment advice that you receive while taking a loan from ABFL is a document
that helps you to know the dates when you are required to pay interest, principal and other charges if
any, to ABFL for the loan availed and helps you to manage your loan account efficiently and meet the
obligations in a timely manner.

Here’s what happens to your loan account

if you miss paying your dues on time.
Basis the number of days your dues (dues means instalment of principal, interest and other charges
if any) remain unpaid and overdue, your loan account gets classified into various categories. These
categories influence your Credit Bureau Score, which may further affect your borrowing capacity in future.

Example
Suppose Mr Sanjay has taken a loan of Rs.10 lakhs for 36 months and the due date to
pay is 5th of every month and say his next due date for payment is April 05, 2021.

On April 5th, 2021 On June 4th, 2021

If Mr Sanjay fails to pay his dues on If Mr Sanjay fails to pay the
the 5th of April 2021 before the end dues for another 30 days, then his
of day, then his loan account is tagged loan account gets tagged as SMA-2
as overdue and Special Mention upon completion of 60 days of being
Account (SMA) 0 on the same day. continuously overdue.

On May 5th, 2021 On July 4th, 2021

If Mr Sanjay does not pay the By the 90th day, if Mr Sanjay
dues in the next 30 days, his loan still doesn’t clear the dues, his loan
account continues to remain account gets classified as
overdue and gets tagged as SMA-1 Non-Performing Asset (NPA) upon
upon completion of 30 days of being completion of 90 days of being
continuously overdue. continuously overdue.

The above illustration is also applicable for revolving facilities where either outstanding balance
remains continuously in excess of the sanctioned limit /drawing power whichever is less or interest
is overdue and not paid on due dates.
16
Source:
RBI circular no. RBI/2021-2022/125 DOR.STR.REC.68/21.04.048/2021-22 on ‘Prudential norms on
Income Recognition, Asset Classification and Provisioning, pertaining to Advances – Clarifications’
dated 12th November, 2021. Here’s a comprehensive table explaining the Special Mention Account
(SMA) and Non-Performing Asset (NPA) classification.

Loans in the nature of revolving facilities like

Loans other than revolving facilities cash credit/overdra
Basis for classification – Outstanding
SMA Sub- Basis for classification – Principal or SMA Sub- balance remains continuously in excess
categories interest payment or any other amount categories of the sanctioned limit or drawing power,
wholly or partly overdue whichever is lower, for a period of:
SMA-0 Upto 30 days
SMA-1 More than 30 days and upto 60 days SMA-1 More than 30 days and upto 60 days
SMA-2 More than 60 days and upto 90 days SMA-2 More than 60 days and upto 90 days
NPA More than 90 days NPA More than 90 days

17
PF/VER3.8/FEB/2024/ABC

Aditya Birla Finance Ltd.

One World Center, Tower 1, 18th Floor, Jupiter Mill Compound,
841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013
Registered Office: Indian Rayon Compound, Veraval, Gujarat - 362 266
+91 22 4356 7100 | (F) +91 22 4356 7266
CIN: U65990GJ1991PLC064603
www.adityabirlafinance.com