Kuhoo Student Loan Sanction Letter

Loan Application No. : KL202409238247

Date: 01-04-2024

To,
Ashutosh Kumar

Dear Sir/ Madam,

Thank you for your application!

With reference to your Loan application dated 01-04-2024 we are pleased to communicate sanction of the Loan Application
No. KL202409238247, subject to the fulfilment of general terms and conditions as mentioned hereunder:

Sr. Parameter Details

No

1. Borrower’s Details

Borrower’s Name Ashutosh Kumar

Borrower’s Address Permanent: Gram -Birra, Post-Dhawal Bigha Bira

Jehanabad 804407
Current: H No - 2/655, Floor No 2 , Sirohi Sadan,
Vikas Colony, Buddhi Vihar 244001

Borrower’s Email ID [email protected]

2. Course/Skill/Training Details

Name of Course CISI Investment Banking Job Assured

Name of the University/ College/ Educational CollegeDekho, India

Institution, City, Country

Duration (in months) 7

3. Loan Details

Sanctioned Amount Rs. 1,44,500/- ( Rupees One lakh Forty Four

Thousand Five Hundred only )

Applicable Interest Rate (‘AIR’) Flat: 0 %

Total Tenure (in months) 24

Convenience Fees (One-time Non-refundable) NIL

4. Repayment Details

Pre-Monthly Installment Interest (‘PMII’) Amount: NIL

Period (in Months): NIL

Page 1 Powered By:

 Monthly Installments (‘MI’) Amount: Rs. 6,021/- (Rupees Six Thousand Twenty
One only)
Period (in Months): 24

Principal Outstanding post Study and Grace period Rs. 1,44,500/- ( Rupees One lakh Forty Four
Amount Thousand Five Hundred only )

NACH Details A/c Name: Ashutosh Kumar

A/c No.: 923010022849341
IFSC Code: utib0000297
Bank Name: Axis Bank

5. Other Details

Insurance NIL
(to be deducted from first disbursement)

Sanction Condition(s), (if any) 1. 1 Advance EMI to be collected

2. All disbursement related documents to be

executed prior to disbursement.

3. All internal check/RCU and verifications to be

positive prior to disbursement

4. eKYC process to be completed

5. Mobile & Email ID to be validated

6. E-NACH Mandate to be set before Disbursement

on ashutosh kumar, axis bank, utib0000297,
923010022849341.

6. Additional Terms and Conditions As enclosed in "Annexure 1"

7. Key Fact Statement As enclosed in "Annexure 2"

Notes

• Disbursement of the loan will be only upon fulfilling of all the sanction conditions, if any

• The Loan amount will be released directly in the name of the Educational Institute / authorized dealer / Borrower /
Co-Borrower, as per their demand letter from the Institute / College / University where the student has secured
admission.

• The Broken Period Interest, if applicable, shall be deducted from the disbursement.

• The PMII/MI details are subject to change based on the actual disbursement. The PMII / MI are to be paid on 5th day of
every month.

• Neelanchal Udyog Limited. (the Lender) shall have the discretion to credit living expenses in the customer's account or
reimburse basis the documents provided.

• All charges / penalty will attract applicable statutory levies and GST.

Page 2 Powered By:

• We also request to complete the Loan disbursement formalities as it is an integral process to disburse the Loan.

• Neelanchal Udyog Limited. may derive benefits directly or indirectly from the Institute on offering ‘‘No cost EMI’’ to the
Borrower.

• Your Primary Contact:+91-7400003940

Escalation Level 1 Escalation Level 2 Escalation Level 3

[email protected] [email protected] [email protected]

This letter is electronically generated and does not require signature.

Page 3 Powered By:

 Annexure 1 - Additional Terms and Conditions:

1. The terms of this letter shall be binding on the Borrower(s) and shall form an integral part of the transaction documents
including the Loan Agreement (along with the Schedule thereto). In the event of inconsistency, the Lender's
interpretation and view shall be final and binding. In absence of Lender's inability to interpret and conclude on any
conflicting terms between the Loan Agreement and this Sanction Letter, the Loan Agreement shall prevail. Inter-alia
disbursements will be subject to the said terms and shall be utilized only/solely for the purpose communicated to the
Lender.
2. The Borrower undertakes to execute the Loan Agreement/ other transaction documents for the purpose of availing
Loans in terms thereof and pay/repay the Loan/s in a timely manner. This sanction is subject to realization of cheque /
demand draft/ pay order towards the convenience fees and charges for loan sanctioning which will be non-refundable.

3. The Lender is entitled to cancel/revoke the unutilized sanctioned limit at its sole discretion. Where such decision to
cancel/revoke the sanctioned limits is taken for reasons attributable to the Borrower or its credit assessment, then the
Borrower (without prejudice to other rights of the Lender) will not be entitled to any part and proportionate refund of
processing fees & charges.

4. The Loan shall be disbursed in lumpsum/tranches, which will be decided by the Lender at its sole discretion. If the
Lender disburses any amount into prepaid card applied/to be applied by the Borrower, then the Borrower acknowledges
that such services will be facilitated at Borrower's costs and expenses. In this regard, the Borrower/s expressly
authorizes the Lender to disclose Borrower's information / KYC details to such issuer /servicer. Also, the Borrower
permits Lender to receive information from the servicer/issuer and use /process information regarding its card's usage
from time to time for promoting financial products or services (by itself and/or within its group).
5. For the purpose of secured facility, unless otherwise agreed, the Loan shall be secured by first and exclusive charge on
the immovable and movable property and/or such other security, to the satisfaction of the Lender. For the purpose of
disbursements, such documents/reports/evidence as may be required by the Lender shall be produced to ascertain that
the property to be mortgaged has a clear, marketable and unencumbered title. The Borrower/Co-Borrower/s shall
produce such original/copy of title deeds, documents, reports as may be required by the Lender. In case of additional
limits, the existing mortgage shall stand extended to cover the proposed additional limit and/ or as per the sanctioned
conditions.
6. The Borrower acknowledges that Lender's interest rate depends on many factors including cost of its borrowed funds.
The Lender may vary the interest rate prospectively as it may deem fit and/or in accordance with guidelines laid down
by RBI, from time to time and will be published on its website. Moreover, upon change in the Retail Prime Lending Rate
(RPLR), the Borrower will pay the Loans linked to BLR in accordance with the revised rate announced by the Lender.

7. The Lender is hereby entitled to make proportionate changes in the repayment schedule, consequent to revision of
interest rate. If any extension of the tenure of the Loan as is likely to exceed maximum tenure assessed by the Lender
for the Loan, then Lender may also give required effect in any number and amount of installment as it may deem fit and
appropriate.

8. Unless otherwise notified by the Lender in writing, this Sanction Letter shall stand revoked and cancelled if:

1. Any material changes occur in the proposal for which this Loan is, in principle sanctioned.

2. Any material fact concerning income or ability to repay or any other relevant aspect of the proposal or application for
loan is withheld, suppressed, concealed or not made known to the Lender.

3. Any statement made in the loan application is found to be incorrect or untrue.

4. Unconditional and absolute acceptance of the Sanction Letter has not been received by the Lender within thirty (30)
days from the date of issuance of this Sanction Letter.

5. Lender at its sole discretion revoke / cancel / recall this Sanction Letter.

9. Pre-MI interest at the rate, at which the MI has been calculated, shall be charged from the respective date(s) of
disbursements to the date of commencement of MI in respect of the Loan. The MI comprises of principal and interest
calculated on the basis of monthly rest at the rate applicable, which is rounded off to the next higher rupee. Subject to
the Loan Agreement, eligible Borrowers', who have provided specific written request for Lender to consider flexible

Page 4 Powered By:

 operation such as switching, deferring or preponing MI/PMII (as the case maybe) during the loan tenor, will abide by the
repayment schedule provided by the Lender accordingly, pursuant to such request. The Borrower inter-alia
acknowledges such request shall not exceed for more than two (2) instances and shall be effective only if expressly
agreed by the Lender in writing.

10. The Lender shall be informed in writing about any changes, in correspondence address, completion of course, change
in employment, loss of job, business, profession, loss/damage to the property, notify the additions /alterations/
amendments to the property, or any other relevant change, as the case may be, immediately after such changes/ loss/
alterations has occurred.

11. Stamp Duty, registration charges, or other taxes/levies as applicable from time to time, on the Loan and security
documents or any document/s executed by the Borrower/Co-Borrower/s including but not limited to the applicable
service tax on the processing fee, in respect of the Loan and/or in respect of the documents evidencing/concerning the
Loan and/or any penalty(ies) that may be imposed, shall be borne and paid by the Borrower/Co-Borrower/s without
claiming any set-off, counter claim, damages etc. In addition to the above charges, the Borrower/Co-Borrower/s are also
required to pay the charges to be paid (if any) to CERSAI for creation/modification of charge /satisfaction of charge, as
applicable from time to time.
12. If the Borrower is register under the Central Goods and Services Tax Act, 2017 (CGST Act), the State Goods and
Services Tax (SGST) Act, 2017, Integrated Goods and Services Tax (IGST) Act, 2017, Union Territory Goods and
Service Tax (UTGST) Act,2017 (hereinafter individually/collectively called as "GST Law") they shall disclose the
registration number to the Lender, failing which it will be considered as if the Borrower is not registered under the GST
law and the provisions as may be applicable to unregistered Borrower would be applicable.

13. In case of violation of any provisions of taxation law including GST laws by Borrower, the Borrower undertakes to
indemnify the Lender for any loss or claim or demand or penalty, if any, which may be incurred or suffered by the
Lender.

14. The Borrower shall pay other applicable charges, if any, as per the Lender's schedule of charges as updated/ may be
updated on its website from time to time.

15. Notwithstanding the issuance of this Sanction Letter and the acceptance thereof, the Lender in its sole discretion may
decide to not disburse the Loan, repudiate and rescind this Sanction Letter unilaterally without being required to give
the Borrower any prior notice and without assigning any reasons thereof.

16. The Lender is entitled to add to, delete or modify all or any of the terms and conditions of the Loan applicable to the
Loan by providing a written notice to the Borrower.

17. The Borrower acknowledges that, by giving the loan facility, Lender have not and do not intend to give any
professional advice or make any statement regarding taxation and related benefits. The Borrower/s will independently
consult/have consulted its tax advisors/ other professionals for their financial planning and tax assessment/s.

18. The Borrower acknowledges that, the Lender (through Kuhoo or any of its Service Provider) may take any obligatory
action for recovery of debt in connection with the said loan. However, the recovery agents (appointed by Kuhoo or its
Service Providers) will call the Borrower(s) between 8:00 a.m. to 7:00 p.m.

19. The Borrower/s expressly undertake that.

1. Payment of installments shall be under the NACH/ECS mandate for appropriate administration of loan account;

2. Lender will be entitled to present NACH on the due date, despite prior or additional payments if any;

3. Any additional payment in the loan account will be adjusted against the amounts payable/ in terms of the loan
agreement;

4. The Borrower will not take any action which may directly or indirectly effect the NACH presentation, for any reason
whatsoever.

Page 5 Powered By:

 Annexure 2 – Key Fact Statement:

Sr. Parameter Details

No

(i) Sanction Amount (amount to be disbursed) Rs. 1,44,500/- ( Rupees One lakh Forty Four
Thousand Five Hundred only )

(ii) Total Interest Amount NIL

(iii) Other up-front charges, if any:

(a) Convenience fees, if any (One-time Non-refundable) NIL

(b) Insurance charges, if any (to be deducted from first NIL

disbursement)

(c) Others: __________, if any NIL

(iv) Net disbursed amount ((i)-(iii)) Rs. 1,44,500/- ( Rupees One lakh Forty Four
Thousand Five Hundred only )

(v) Total amount to be paid by the borrower (sum of (i), Rs. 1,44,500/- ( Rupees One lakh Forty Four
(ii) and (iii)) Thousand Five Hundred only )

(vi) Effective Annual Percentage Rate (APR) 0%

(vii) Total Tenure (in months) 24

(viii) Repayment frequency by the borrower Monthly

(ix) Pre-Monthly Installment Interest Amount: NIL

Period (in Months): NIL

(x) Monthly Installments Amount: Rs. 6,021/- (Rupees Six Thousand Twenty
One only)
Period (in Months): 24

Details about Contingent Charges

(xi) Rate of annualized penal charges in case of delayed Delayed Payment Charges: 2.5% per month of
payments (if any) installment (MI / PMII) + applicable taxes thereon

Cheque/ECS/Direct Debit Bouncing Charges: Rs.

400/- per dishonor of cheque or ECS or Direct Debit
return per presentation plus applicable taxes thereon

Swap charges (for change in ECS mandate or Direct

Debit etc.): Upto Rs. 500/- per swap instance

Prepayment charges: NIL

Page 6 Powered By:

 (xii) Rate of annualized other penal charges (if any) Manual Collection Charges: Rs. 200/- plus applicable
taxes thereon per visit

Other disclosures

(xiii) Cooling off/look-up period (period during which On or before 15 (fifteen) days
borrower shall not be charged any penalty on
prepayment of loan)

(xiv) Details of LSP acting as recovery agent and Name: Mr. Nilesh Abhang
authorized to approach the borrower Designation: Grievance Redressal Officer
Address: Vatika Business Centre - Unit No. G5,
Ground Floor & Unit No. 02, 1st Floor, Trade Centre,
Bandra Kurla Complex, Bandra East, Mumbai
400051, Maharashtra, India
Contact: +91-7400003940

(xv) Details of nodal Grievance Redressal Officer Name: Ravi Jain

Designation: Grievance Redressal Officer
Address: Room No 4A, 2 Clive Ghat Street, Kolkata-
700001 West Bengal
Contact: +91-8582988851

Notes:
- Point (i) to (x) are subject to change based on the actual disbursement.
- The cooling off / look -up period is the time window which shall be given to borrowers for exiting loans, in case a
borrower decides not to continue with the loan. Further, borrowers may exit the loans by paying the principal and the
proportionate interest thereon, only before the expiry of the said period from the effective date of disbursement, without
any penalty.
- No Pre-payment/ Foreclosure charges will be applicable.

Detailed Repayment Schedule (Illustrative)

Installment No. Due Date Installment Interest Principal Outstanding

(in Rupees) (in Rupees) (in Rupees) Principal
(in Rupees)

- - - - - 144500

1 05-05-2024 6021 - 6021 138479

2 05-06-2024 6021 - 6021 132458

3 05-07-2024 6021 - 6021 126437

4 05-08-2024 6021 - 6021 120416

5 05-09-2024 6021 - 6021 114395

6 05-10-2024 6021 - 6021 108374

7 05-11-2024 6021 - 6021 102353

8 05-12-2024 6021 - 6021 96332

Page 7 Powered By:

9 05-01-2025 6021 - 6021 90311

10 05-02-2025 6021 - 6021 84290

11 05-03-2025 6021 - 6021 78269

12 05-04-2025 6021 - 6021 72248

13 05-05-2025 6021 - 6021 66227

14 05-06-2025 6021 - 6021 60206

15 05-07-2025 6021 - 6021 54185

16 05-08-2025 6021 - 6021 48164

17 05-09-2025 6021 - 6021 42143

18 05-10-2025 6021 - 6021 36122

19 05-11-2025 6021 - 6021 30101

20 05-12-2025 6021 - 6021 24080

21 05-01-2026 6021 - 6021 18059

22 05-02-2026 6021 - 6021 12038

23 05-03-2026 6021 - 6021 6017

24 05-04-2026 6017 - 6017 -

Advance monthly installment amounting to Rs. 6,017/- will be adjusted against your last EMI

This letter is electronically generated and does not require signature.

***

Page 8 Powered By: