Terms and Conditions applicable to Personal Loan

The person(s) named in the Schedule-cum-Key Fact Statement hereto (hereinafter referred to as the “Schedule”)
being borrowers and co-borrowers, hereinafter collectively referred to as
“Borrower” which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean
and include his/her heirs, administrators and executors.
In favour of: HDFC BANK LIMITED ,a banking company incorporated under the provisions of the Companies
Act, 1956 having its registered office at HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai
400 013 and a branch office at the place mentioned in the Schedule hereto (hereinafter referred to as the “Bank”
which expression shall, unless it be repugnant to the context or meaning thereof, be deemed to mean and include
its successors, transferees and assign. In case of there being more than one Borrowers (i.e. there being
coborrowers), the reference to the term “Borrower” shall be deemed to be as if it were plural and this document
shall be read accordingly as if made and liabilities undertaken by each of them jointly and severally. Reference to
the masculine gender includes reference to the feminine and neuter genders and vice versa.

The Borrower hereby irrevocably and unconditionally agrees to abide by the following
terms and conditions:

1. Pursuant to the application made by the Borrower in the Loan Application Form (“Application”), the Bank has
sanctioned the non-revolving loan not exceeding the amount mentioned in the Schedule hereto (hereinafter
referred to as “Loan”), and the Borrower agrees to borrow the same, subject to and upon the terms and conditions
contained in the Application and/or this document. The Bank may disburse the Loan or any part thereof
(“Disbursement”) at its own discretion. Notwithstanding anything contained herein: (i) the Bank may at its sole
discretion, suspend or cancel the Loan if the same is not utilized within 15 days of the issuance of
instrument/instruction for Disbursement; or (ii) the Borrower may cancel the Loan within 15 days of Disbursement;
provided that in case of each (i) and (ii) the cancellation shall take effect only when the Borrower has paid to the
Bank in full the total Outstanding Balance (defined hereinafter) including all the interest, and all other charges. The
Borrower shall use the Loan only for the purpose stated in the Application and not for any other purpose including
making investment in the capital market or any speculative or illegal or anti-social purpose.

2. The Loan, interest, compound interest, default interest, any other charges, dues and The Loan, interest,
compound interest, default interest, any other charges, dues and monies payable, costs and expenses
reimbursable, as outstanding from time to time and whether any of them due or not, are hereinafter collectively
referred to as “Outstanding Balance”. The Borrower shall pay interest on the Loan, the unpaid due interest and all
other outstanding charges and monies (except the default interest), at the rate of interest specified in the
Schedule hereto, on the outstanding daily balance from the date of Disbursement, compoundable at monthly
rests. The Bank in its sole discretion would be entitled to change the said rate of interest from time to time
including on account of changes made by the Reserve Bank of India, which would be intimated to the Borrower(s)
and would be binding upon the Borrower(s). The Borrower shall also pay and bear all interest tax, if any, as
applicable from time to time. The Borrower(s) shall repay the Loan and pay the interest that is due from time to
time by way of equated monthly installments (EMIs) as specified in the Schedule or as may be specified by the
Bank from time to time (time being the essence of the contract). The Borrower has perused, understood and
agreed to Bank’s method of calculating EMIs as also the appropriation thereof into principal and interest. The
payment of all the monies by the Borrower including EMIs shall be made on or before the respective due dates, at
such place as the Bank may require, without any set-off or counterclaim or withholding or deduction (save as
required by law in which case the amount payable by the Borrower to the Bank shall be increased to the amount
which after making such deduction or withholding equals the original due amount as if no withholding or deduction

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 were required), by way of one or more modes and instruments including postdated cheques (“PDCs”), Standing
Instructions (SI)/ Electronic Clearing System (ACH) instructions/ other mode/instrument, as acceptable to the
Bank from time to time. If any due date falls on a non-business day of the Bank, the payment shall be made by
the Borrower on the immediately preceding business day of the Bank. In case of cheques/ other instrument, the
payment shall be deemed to have been made by the Borrower only at the point of time the sum is credited and
realized fully in Bank’s account irrespective of the date of instrument or time of receipt or presentation of
instrument. In case of any default, the Borrower shall without prejudice to Bank’s other rights and remedies, pay
additional /default interest at the rate mentioned in the Schedule hereto/ Application or as may be prescribed by
the Bank, over and above the then applicable rate of interest till full payment is made/default is cured. This
liability shall not act as justification for any default.

3. The Borrower(s) shall pay to Bank, the charges, fees, commissions, etc, specified in the Schedule hereto/
Application or as specified by the Bank from time to time, within such time or upon occurrence of such events as
specified and if not specified then forthwith upon demanded by the Bank. All other present and future costs and
expenses, taxes (as applicable from time to time), any related levy, stamp duty, in all jurisdictions, in relation to
the this/other documents/any transaction pursuant thereto, irrespective of who the beneficiary is, shall be borne
and payable solely by the Borrower, including for creation, enforcement, preservation of security, recovery,
initiating/defending/pursuing any legal proceedings/ actions by Bank. In case of any such sums if paid or incurred
by the Bank, the Borrower shall be liable to reimburse the same to the Bank in full forthwith.

4. Any payments made by/on behalf/ for the Borrower or any realisations in relation to the Loan, security, shall be
appropriated towards the Outstanding Balance and/ or Liabilities (as defined hereinafter) in the following order: (a)
Firstly, towards costs and expenses incurred by the Bank; (b) Secondly, towards any charges, commissions,
fees, taxes, levies (wherever applicable); (c) Thirdly, towards additional/ default interest; (d) Fourthly, towards
interest; (e) Fifthly, towards principal amount(s). Any statement of account furnished by the Bank shall be
accepted by and be binding on the Borrower(s) and shall be conclusive proof of the correctness of the amounts
mentioned therein save and except for any manifest error therein brought to the notice of the Bank by the
Borrower within 7 days from the date of receipt of such statement.

5. Notwithstanding anything stated in any document, the continuation of the Loan shall be at sole and absolute
discretion of the Bank and the Bank may at any time in its sole discretion and without assigning any reason call
upon the Borrower to pay the Outstanding Balance and upon such demand by the Bank, the Borrower shall, within
15 days of being so called upon, pay the whole of the Outstanding Balance to the Bank without any delay or
demur.

6. The Borrower shall be entitled to prepay the Loan in part or in full after giving prior written notice to the Bank,
thereby communicating the Borrower’s intention to prepay in part or full at Bank’s lending branch, provided such
prepayment request is initiated by the Borrower post expiry of 12 EMIs from Disbursement date, and subject to
such conditions as the Bank may prescribe including payment of the prepayment charges for part or full
prepayment as mentioned in the Schedule hereto/ Application or as specified from time to time by the Bank. Full
prepayment shall take effect only when entire Outstanding Balance has been paid to and realized by the Bank.

7. The Bank may at its own discretion and upon Borrower’s request, also finance the Borrower for the insurance
premium of insurance policy taken by Borrower as per Borrower’s own wish from any insurance company of
Borrower’s choice, which sum(s) shall be added to the principal amount under the Loan and all the terms and
conditions shall be additionally applicable thereto All expenses, charges, fees, taxes etc.as applicable on any
such insurance shall be incurred and paid by the Borrower, however in case paid by the Bank on Borrower’s
behalf, the Borrower shall reimburse the same to the Bank within 24 hours of the Bank’s demand. The Borrower
shall instruct the insurance company to add the Bank as loss payee in any such insurance policy.

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 8. The Borrower shall furnish and create such security from time to time in favour of or for the benefit of the Bank,
of such value, in such form and in such manner, as may be deemed fit by the Bank, forthwith upon so required by
the Bank. The Bank shall also have the right to stipulate any other and further terms and conditions that it may
deem fit at any time prior to or after the grant of the Loan, which shall be binding on the Borrower.

9. Each of the Borrowers represent(s) and warrant(s) that (which shall be deemed to have been repeated to the
Bank on the date of the Disbursement and on each date thereafter till entire repayment): (a) The Borrower is a
citizen of India and a major (in terms of age) and is of sound mind and is competent to contract and enter into and
perform his/her obligations contemplated under this document/ other document/in respect of the Loan; (b) There is
no impediment or restriction, whether under law, judgement, order, award, contract or otherwise, for any of the
Borrowers entering into and/or performing any of the transactions contemplated by this/other documents/ in
respect of the Loan and all approvals and consents, wherever necessary have been duly obtained and are and will
continue to be in full force; (c) The execution hereof constitutes legal, valid and binding obligations of the
Borrower. (d) That there is no Event of Default existing; (e) All declarations made by Borrower are true and
complete and no material information has been suppressed / withheld.

10. A, Negative Covenants : The Borrower covenants and agrees that, save and except with the prior, written
consent of the Bank, the Borrower shall not: (a) lend or advance any amounts to any person; or undertake any
guarantee or security obligation; (b) permit or effect any direct or indirect change in the legal or beneficial
ownership or control; (c) Not to apply for a voluntary winding up or file an application against itself, before any
forum under the Insolvency and Bankruptcy Code, 2016 (IBC), or pass any resolution of directors or of members
or declaration of partners, for the purposes of/ towards/recommending filing of any proceedings or application for
initiation of insolvency resolution process or fast track resolution process or fresh start process or bankruptcy or
any kind of insolvency/resolution/liquidation/bankruptcy process by whatever name called in relation to itself.
Upon happening of a Specified Event; for the purposes of this Agreement, Specified Event means any or all of
the following: (i) Filing of any application by any person against any of the Borrower(s) or by any Borrower(s) itself,
before any forum under the IBC, or passing of any resolution of directors or of members or declaration of partners,
for the purposes of/ towards/recommending filing of any proceedings or application for initiation of insolvency
resolution process or fast track resolution process or voluntary liquidation process or fresh start process or
bankruptcy or any kind of insolvency/resolution/liquidation/bankruptcy process by whatever name called in
relation to any of the Borrower(s); (ii) Issuance of any demand notice by any of the creditors including the
operational creditors under Section 8 of the IBC to any of the Borrower(s) demanding the payment of amount
involved in default as mentioned therein or threatening filing of any proceedings for initiation of the insolvency
resolution process; (iii) Any seizure, confiscation, possession of the assets underlying the Security or any part
thereof or similar action or issuance of any notice therefor or any notice in the nature of garnishee issued by any
of the Governmental Authorities in relation to any of the Borrower(s) or any of their assets. (iv) Any action or
event which shall trigger initiation of any moratorium or standstill of any nature, whether by statutory operation or
otherwise under any applicable law, in relation to any of the
Borrower(s) or any of their assets.B. In case the Borrower changes/ceases/retires from/terminates/resigns from
the present employment profession/business, or there is change in his residential address/shifting of office to new
place/change in communication address, the Borrower shall promptly intimate the same to the Bank in writing
along with the particulars of the changed address of the Borrower’s residence/office or of the new employer/new
business/
change in communication address. C. The Borrower shall not create, assume or incur any further indebtedness to
any person without prior written intimation of the same to the Bank.
D. The Borrower further agrees and acknowledges that the occurrence of any default by the Borrower under any
agreement entered into by the Borrower with any other bank and/or financial institution including the Bank shall
constitute an event of default under this Agreement and vice versa.

11. The following events shall constitute events of default (each an “Event of Default”), and upon the occurrence
of any of them the entire Outstanding Balance shall become immediately due and payable by the Borrower and

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 further enable the Bank inter alia to recall the entire Outstanding Balance and/or enforce any security and
transfer/sell the same and/or take, initiate and pursue any actions/proceedings as deemed necessary by the Bank
for recovery of the dues: (a) Failure on Borrower’s part to perform any of the obligations or terms or conditions or
covenants applicable in relation to the Loan including under this/other documents including non-payment in full of
any part of the Outstanding Balance when due or when demanded by Bank; (b) any misrepresentations or
misstatement by the Borrower; or (c) occurrence of any circumstance or event which adversely affects Borrower’s
ability/capacity to pay/repay the Outstanding Balance or any part thereof or perform any of the obligations; (d) If
any attachment, distress, execution or other process against the Borrower/ its assets or any of the security is
threatened, enforced or levied upon by any person; or (e) fall, reduction or decrease, in the opinion of the Bank, in
value of any security lower than the value required by the Bank; (f) the event of death, insolvency, failure in
business, commission of an act of bankruptcy of the Borrower, or change or termination of
employment/profession/business for any reason whatsoever.

12.Notwithstanding anything to the contrary in this document or any other document/arrangement: (i) in respect of
all and any of Borrower’s present and future liabilities to the Bank, whether under this document or under any
other obligation/loan/facilities/borrowings/document, whether such liabilities are/be crystallised, actual or
contingent, primary or collateral or several or jointly with others, whether in same currency or different currencies,
whether as principal debtor and/or as guarantor and/or otherwise howsoever ( “Liabilities”), the Bank shall in
addition to any general lien or similar right to which any of them as bankers may be entitled by law, practice,
custom or otherwise, have a specific and special lien on all the Borrower’s present and future stocks, shares,
securities, property, book debts, all moneys in all accounts whether current, savings, overdraft,
fixed or other deposits, held with or in custody, legal or constructive, with the Bank, now or in future, whether in
same or different capacity of the Borrower, and whether severally or jointly with others, whether for any banking
relationship, safe custody, collection, or otherwise, whether in same currency or different currencies; and (ii)
separately, the Bank shall have the specific and express right to, without notice to and without consent of the
Borrower, set-off, transfer, sell, realize, adjust, appropriate all such amounts in all accounts (whether prematurely
or upon maturity as per the Bank’s discretion), securities, amounts and property as aforesaid for the purpose of
realizing or against any of dues in respect of any of the Liabilities whether ear-marked for any particular Liability or
not, combine or consolidate all or any of accounts of the Borrower and set-off any monies, whether of same type
or nature or not and whether held in same capacity or not including upon happening of any of the events of default
mentioned in any of the documents pertaining to the Liabilities or upon any default
in payment of any part of the Liabilities. (iii) The Bank shall be deemed to have and hold and continue to have first
charge on any assets including any deposit on which security has been/will be created in respect of the Loan, as
security also for any of the other Liabilities and all the rights and powers vested in the Bank in terms of any
security or charge created for the Loan shall be available to the Bank also in respect of such other Liabilities,
irrespective of the fact whether the Loan is at any time outstanding, repaid or satisfied or not and even after the
Loan has been repaid or prepaid.

13. The Bank shall at any time, without any consent of or notice to the Borrower(s) be entitled to securitise, sell,
assign, discount or transfer all or any part of the Bank’s rights and obligations under the Loan, this document or
any other document, to any person(s) and in such manner and on such terms as the Bank may decide. Borrower
shall not be entitled to directly or indirectly assign or in any manner transfer, whether in whole or part, any rights,
the benefit or obligation under the Loan, this/other document.

14. Bank shall be entitled at its discretion to engage/ avail of, at the risk and cost of the Borrower, services of any
person/third party service provider/agent/agency, for anything required to be done for/ in relation to/ pursuant to
the Loan, including collections, recovery of dues, enforcement of security, getting or verifying any information of
the Borrower/ assets, and any necessary or incidental lawful acts/ deeds/ matters and things connected thereto,
as the Bank may deem fit.

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 15. The Bank shall have the right to not return the Application, the photographs, information and documents
submitted by the Borrower. The Bank shall, without notice to or without any consent of the Borrower, be
absolutely entitled and have full right, power and authority to make disclosure of any information relating to
Borrower including personal information, details in relation to documents, Loan, defaults, security, obligations of
Borrower, to the Credit Information Bureau of India (CIBIL) and/or any other governmental/regulatory/statutory or
private agency/entity, credit bureau, RBI, the Bank’s other branches/ subsidiaries / affiliates /
rating agencies, service providers, other banks / financial institutions, any third parties, any assignes/potential
assignees or transferees, who may need the information and may process the information, publish in such
manner and through such medium as may be deemed necessary by the publisher/ Bank/ RBI, including
publishing the name as part of willful defaulter’s list from time to time, as also use for KYC information
verification, credit risk analysis, or for other related purposes. In this connection,the Borrower waives the privilege
of privacy and privity of contract. The Bank shall have the right, without notice to or without any
consent of the Borrower, to approach, make enquiries, obtain information, from any person including other
banks/finance entities/credit bureaus, Borrower’s employer/family members, any other person related to the
Borrower, to obtain any information for assessing track record, credit risk, or for establishing contact with the
Borrower or for the purpose of recovery of dues from the Borrower. The Borrower hereby gives specific consent to
the Bank/Lender for disclosing / submitting the ‘financial information’ as defined in Section 3 (13 ) of the
Insolvency and Bankruptcy Code, 2016 ( ‘Code’) read with the relevant Regulations/ Rules framed under the
Code, as amended and in force from time to time and as specified there under from time to time, in respect of the
Credit/ Financial facilities availed from the Bank/ Lender, from time to time, to any ‘Information Utility’ ( ‘IU’ ) as
defined in Section 3 ( 21 ) of the Code, in accordance with the relevant Regulations framed under the Code, and
directions issued by Reserve Bank of India to the banks from time to time and hereby specifically agree to
promptly authenticate the ‘financial information submitted by the Bank/Lender, as and when requested by the
concerned ‘IU’ . The Bank shall have an unqualified right to disclose to other banks information including the
credit history and the conduct of the account(s) of the Borrower, in such manner and through such medium as the
Bank in their absolute discretion may think fit.

16. Any notice, approvals, instructions, demand and other communications given or made by the Bank shall be
deemed to be duly given and served if sent by normal post, courier, registered Post, facsimile, electronic mail,
personal delivery, sms or by pre-paid registered mail addressed to the Borrower’s address, phone/ mobile number,
fax number or email as given in the Application (or at the address changed on which Bank’s acknowledgement is
duly obtained as hereinafter mentioned) and such notice and service shall be deemed to take effect on the third
working day following the date of the posting thereof in case of normal post, courier, registered post, at the time of
delivery if given by personal delivery, upon receipt of a transmission report if given by facsimile, upon sending the
electronic mail or sms if given by electronic mail or sms. The Borrower undertakes to keep the Bank informed at
all times in writing of any change in the mailing address, email id, phone and mobile number(s) as provided in the
Application and to obtain Bank’s written acknowledgement on the intimation given to Bank for any such change.

17. The Loan, this document/other documents, shall be governed by the laws of India. The parties hereto
expressly agree that all disputes arising out of and/or relating to the Loan, this or any other Relevant document
shall be subject to the exclusive jurisdiction of the court/tribunal of the city/place in which the branch of the Bank
from where the Disbursement has been made is situate, provided that the exclusivity aforesaid shall bind the
Borrower and the Bank shall be entitled to pursue the same in any other court of competent jurisdiction at
any other place; and provided further that if any dispute is below the pecuniary jurisdiction limit of the Debts
Recovery Tribunals established under the Recovery of Debts Due to Banks and Financial Institutions Act, 1993,
then such dispute shall be referred to arbitration in accordance with the provisions of the Arbitration and
Conciliation Act, 1996 as may be amended, or its re-enactment, by a sole arbitrator, appointed by the Bank. The
costs of such arbitration shall be borne by the losing Party or otherwise as determined in the arbitration award If a
party is required to enforce an arbitral award by legal action of any kind, the party against whom such legal action
is taken shall pay all reasonable costs and expenses and attorney’s fees, including any cost of additional
litigation or arbitration taken by the party seeking to enforce the award.

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 18. This document, Application and other documents have been explained to the Borrower in the language known
to the Borrower and the Borrower has read and understood the same.

19. Payment by Mistake, Accident or Error

(a) The Borrower hereby agrees and confirms that in the event the Bank transfers or remits any money to the
Borrower or in its account by mistake, accident or erroneously, which money is, in the sole opinion of the Bank,
not due and/or payable to the Borrower, then the Borrower shall be obligated to and shall, without any delay,
demur or protest, forthwith and in no event later than one business day of such transfer/remission or on first
demand by the Bank (whichever is earlier), return and repay the said money to the Bank in a manner satisfactory
to the Bank. Till such return and repayment of the said money by the Borrower to the Bank, the Borrower shall
hold the same in trust for the benefit of the Bank, keep such money segregated from all other moneys of the
Borrower and keep it free from any attachment.
(b) The Borrower hereby acknowledges and agrees that any non-compliance of the aforesaid obligations shall be a
breach of trust and fiduciary duties on the part of the Borrower. The Borrower hereby further agrees and confirms
that in case the Borrower fails to return the money within the timelines as mentioned above, the Borrower shall be
liable to pay interest on such money to the Bank at the same rate as applicable to the Loan granted in terms of
this Agreement.
(c) Without prejudice to the foregoing, the Borrower hereby agrees and confirms that the Bank shall have the right
to, at its sole and absolute discretion (a) debit any account or accounts of the Borrower maintained with the Bank
and recover such money, under intimation to the Borrower, and/or (b) recover such money from the future
disbursements (if any) of the Loan.
(d) The Borrower further agrees that such money which has been transferred or remitted by the Bank to Borrower
or in its account by mistake, accident or erroneously, shall be deemed to be a part of the total outstanding said
Dues payable by the Borrower to the Bank in terms of this Agreement and other Finance Documents, in case and
till such time that the said money has not been returned and repaid to the Bank in the manner as stated above.”

20.For Digital Acceptance of Terms and Conditions through Aadhaar based electronic Signature (e-Sign)
(a)This is Digital format of the Terms and Conditions for acknowledging the credit facilities availed by
Customer/Borrower/Guarantor.
(b)By continuing in the link, Customer/Borrower/Guarantor agrees for e-Stamping and electronic Signature on the
said document.
(c) The Borrower/Guarantor hereby expressly acknowledges and confirms that it/its authorized signatory(ies) on
its behalf, has/ve read, verified, understood this Document and the Borrower/Guarantor has irrevocably agreed to
and accepted, signed and delivered this document including all the terms and conditions contained in this
document/terms and conditions, (collectively, “Document”), by way of electronic signature (e-sign) or digital
signature (of the Borrower/Guarantor in case of an individual, or of the authorized signatories of the
Borrower/Guarantor in case of the non-individual) or any electronic authentication technique, and no other further
act, deed or writing or any physical or wet signature or acceptance on part of the Borrower/Guarantor shall be
required for signing, acceptance and delivery by the Borrower/Guarantor.
(d)The acceptance, signing and delivery by/for and on behalf of the Borrower/Guarantor is complete and absolute
as above.
(e)Upon signing of this Document by the Borrower/Guarantor this document and any electronic copy made by/on
behalf of the Bank thereof shall be deemed and treated as an original Document. The Bank may print paper
copies of the electronic record or produce in any such form at its discretion, of this Document and/or of
logs/records of signing by the Borrower/Guarantor as aforesaid, and the same shall be fully binding on the
Borrower/Guarantor. The Borrower/Guarantor has no objection to such print-outs or any such other form (in the
discretion of Bank) being produced by the Bank including in evidence in any court, tribunal or otherwise, to prove
the signing, acceptance, execution as above, as well as the contents of the contract.

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 21.For the purpose of stamp duty, the Bank may optionally designate this document as the principal agreement or
require any extract of any part of it (“Relevant Extract”) to be designated as the principal agreement and such
determination of the Bank would be deemed to be final and binding on the Borrower. The Borrower acknowledges
that any writing on the said stamp paper or stamped (including franked/e-stamped) Relevant Extract associating
the stamp paper/stamped page (including franked) with this document would be as good as making the stamp
paper/stamped page an integral part of this document.

22.The Borrower/Guarantor also acknowledges that the execution of the agreement would be complete only once
the same is accepted by the Bank. The Bank also does not require to sign the Documents in any physical form.
Subsequent to signing of the Borrower as above, the Bank shall be deemed to have accepted this document: (i)
either, online by way of the Bank sending an email communicating such completion, from its relevant office/
branch to the Borrower and attaching therewith the copy of this document, or (ii) by way of counter-signing or
initialing at the hands of its officer the Relevant Extract of this document or (iii) by way of by way of electronic
signature ( e-sign) or digital signature by its officer.
The Borrower(s) have affixed their signatures after verifying and understanding the contents of this
document, at the end of the Schedule.

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 SCHEDULE-CUM-KEY FACT STATEMENT

Loan Account No 154438145 Place of signing ROHTAK

Date of Signing Refer to Undersigned Bank Branch ROHTAK

(DD / MM /YYYY) Date

Name of the Borrower : RAJDEEP HOODA

Name of the Co-Borrower :

LOAN DETAILS

Loan Amount Rs. 1500000 Loan Tenor 60 Months

Installment Monthly EMI Scheme Arrears

Frequency (Advance /
Arrears)

Interest Rate 10.75 % Per Annum EMI Start Date 06-09-2024

(monthly
reducing)
EMI End Date 06-08-2029
(Fixed Rate)

Advance EMI (No’s) Advance EMI Rs.

Amount

EMI (No’s) 60 EMI Amount Rs. 32427

Gap Interest will be recovered from disbursement amount where the number of days
between account credit date (i.e. of the disbursement amount) and first EMI date is more that 30/31 days

CHARGES (All charges are non-refundable & applicable post disbursement of loan)

Processing Rs. 5899 Government Taxes and other levies on Processing

Charges (Amount) Charges :- As specified by Government of India

Cheque / ACH / SI Return Charges (without Repayment Rs. 500/-

prejudice to the civil and criminal rights and mode
remedies of the bank for the dishonour : Rs change
450+taxes per instance. charges

Government Taxes and other levies at actuals, Date on which annual outstanding
applicable presently or in future balance statement will be issued :-31st May

Overdue EMI interest : 2% per month on Loan Cancellation Charges : NIL

EMI / Principal Overdue (However, Interest would be charged for the interim
period between date of loan disbursement and loan
cancellation and Processing Fees would be
retained.). Rs. 1000/- for rebooking the loan.

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 Prepayment Charges 0% on the Principal Outstanding after 12
[on Principal Outstanding] / Part EMI’s. a. Will only be applicable if funds from
Payment Charges [on Part Payment borrower’s account is used for foreclosure in part or
amount] full. b. If foreclosure in part or full is from any other
account, then normal prepayment charges will apply
13-24 Months of EMI repayment:
4%, 25-36 Months
of EMI repayment : 3%, >36
Months of EMI repayment 2%.
Note: Part or full Prepayment not
allowed prior to payment of 12 EMI. Part Payment
allowed up to 25% of Principal Outstanding. It is
allowed only once in a year and twice during Loan
tenure. Govt Tax and Levy as applicable, would be
charged additionally.

Legal Collection & Incidental

Charges : At Actuals

Other Charges, commissions, fees:- As per Stamp Duty & Other Statutory
Application or as may be specifiedby the Bank Charges :- As per applicable laws of the State

Details of Duplicate Amortization / Repayment

Security/ Sched ule : Rs 50 per instance
Collateral

Page 9 of 14

RAJDEEP HOODA
Aadhaar
24 Jul 2024 at 10:53:21 IST (UTC+05:30) eSign
 Standing Instruction

To,
The Branch Manager,
HDFC BANK Limited,
Dear Sir / Madam,

I have taken a PERSONAL loan from HDFC Bank and would like to avail of the Standing Instruction facility
offered by your bank to make repayments towards my loan. I, therefore, request you to accept this mandate
irrevocably authorizing the Bank to debit myAccount Number NA towards recovery of repayment dues of my loan
account as per due dates & terms and conditions mentioned in the Terms and Conditions of Personal Loan
document, schedule or as per revised instructions basis requirements as communicated from my end in line with
the Bank's policy.I undertake to maintain sufficient balances to cover the EMI, Outstanding Balance and Loan
repayment dues (and charges, if any) on the stipulated due dates. I also understand that the failure to repay my
loan amount through this standing instruction shall be treated as a default in repayment of dues and all charges /
penalties / levies as covered by the agreement will hold good towards the non payment of obligations. I also
understand that any stop payment/change in instructions/ maintenance of insufficient balance, etc. will amount to
dishonor of the Standing Instruction which we agree is an ‘electronic fund transfer’ and will make us liable for
offence under section 25 of the Payment and Settlement Systems Act, 2007 read with provisions of the
Negotiable Instruments Act, 1881. Please treat this as an irrevocable communication as an authorization to debit
my account every month with the required amounts towards the repayment of my loan.In the event of the above
account getting closed/transferred for any reason, I / We will intimate to the Bank the new account opened with
the bank to debit the EMI,Outstanding Balance and Loan repayment dues as per the agreement. Further, I /We
undertake the responsibility to provide the fresh set of Mandate and security PDCs for such new account, as per
terms of the agreement in lieu of existing instructions.

I also understand and accept that the Bank will have the right to set-off, without prior intimation to me, the
available balances in the designated account for recovery of overdue installments and/or charges (if any) in the
loan account.

Thanking you,

Yours truly,

Page 10 of 14

RAJDEEP HOODA
Aadhaar
24 Jul 2024 at 10:53:21 IST (UTC+05:30) eSign
 Additional Schedule cum Key Fact Statement

This additional Schedule / Key fact statement shall be in addition to and not in derogation of the
commercials covered in the existing Schedule / Key fact statement of the loan agreement and that the
details incorporated in this additional Schedule / Key fact statement shall be deemed to be part of the loan
agreement dated refer to undersigned date and are deemed to be replicated in the said loan agreement.

Principal & Interest Break Up

*Total Amount to be Paid *Principal Loan Amount *Interest
1945620
1500000 445620

* Amount will be subject to change depending on change in interest rate due to external
benchmark on date of disbursement. Bank will send repayment schedule to customer within 7
days from date of disbursement.
EMI start date post completion of Principal and/or
Interest Moratorium, where applicable.
EMI Start Date
06-09-2024

SMA
If due date of a loan account is March 31, 2021, and full dues are not received before the lending
institution runs the day-end process for this date, the date of \ overdue shall be March 31, 2021. If it
continues to remain overdue, then this account shall get tagged as SMA-1 upon running day-end
process on April 30, 2021 i.e. upon completion of 30 days of being continuously overdue. Accordingly,
the date of SMA-1 classification for that account shall be April 30, 2021.
Concepts / Clarifications / Illustrative examples

Dues:
mean, the principal/interest/ any charges levied on the loan account which are payable within the period
stipulated as per the terms of sanction of the credit facility.

Overdue:
mean. the principal I interest/ any charges levied on the loan account which are payable ,but have not
been paid within the period stipulated as per the terms of sanction of the credit facility. In other words,
any amount due to the bank under any credit facility is 'overdue' if it is not paid on the due date fixed by
the bank.

Relevance of the Principle of 'First In First Out' (FIFO) in appropriation of payments into the
borrowal account:
The Principle of FIFO i.e., 'First In, First Out' accounting method is relevant to arrive at the No.of days
of overdue for determining the SMA I NPA status. The FIFO principle assumes that, the oldest
outstanding dues in the loan account needs to be cleared first .The FIFO method thus requires that what
is due first must be paid by the borrower first. For example;

if in any loan account as on 01.02.2021 there are no overdues and an amount of Rs. X is due for
payment towards principal instalment/interest/charges , any payment being credited on or after

Page 11 of 14

RAJDEEP HOODA
Aadhaar
24 Jul 2024 at 10:53:21 IST (UTC+05:30) eSign
 01.02.2021 in the loan account will be used to payoff the dues outstanding on 01.02.2021

Assuming that nothing is paid lor there is partial payment (Rs Y) of dues during the month of February,
the overdue as on 01.03.2021 will be Rs .X-Y.

Additionally, an amount of Rs.Z becomes due as on 01.03.2021, Now any payment I partial payment
into the account on or after 01.03.2021 will be first utilized to payoff the partial due of 01.02.2021 ( Rs
X - Rs.Y) If there is more recovery than the Rs X - Rs Y. then. After recovering dues of 01.02.2021, the
remaining amount will be treated as recovery towards due of 01.03.2021.

Age of oldest Dues:

The age of oldest dues is reckoned in days from the date on which the oldest payment is due and
continues to remain unpaid In the aforesaid illustration, if the Dues relating to 1st February 2021 remain
unpaid till 01.03.2021, the age of the oldest dues is reckoned as 29 days on 02.03.2021.

Classification as Special Mention Account (SMA) and Non-Performing Asset (NPA)

Lending institutions will recognize the incipient stress in loan accounts, immediately on Default,by
classifying them as Special Mention Accounts (SMA) The basis of classification of SMA / NPA Category
shall be as follows:

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

The asset classification norms of Agricultural advances which are based on Crop Season shall continue
as hitherto.

Non-performing Asset:
Non-Performing Asset (NPA) is a loan or an advance where:
i. interest and/ or instalment of principal remains overdue for a period of more than 90 days in respect of
a term loan,
ii. the account remains 'out of order' as indicated below, in respect of an Overdraft/Cash Credit (OD/CC),
iii. the bill remains overdue for a period of more than 90 days in the case of bills purchased and
discounted,
iv. the instalment of principal or interest thereon remains overdue for two crop seasons for short duration
crops,
v. the instalment of principal or interest thereon remains overdue for one crop season for long duration
crops.

Page 12 of 14

RAJDEEP HOODA
Aadhaar
24 Jul 2024 at 10:53:21 IST (UTC+05:30) eSign
 'Out of Order' Status:

An account shall be treated as 'out of order' if:

i. the outstanding balance in the CC/OD account remains continuously in excess of the sanctioned
limit/drawing power for 90 days, or

ii. the outstanding balance in the CC/OD account is less than the sanctioned limit/drawing power but
there are no credits continuously for 90 days, or the
outstanding balance in the CC/OD account is less than the sanctioned limit/drawing power but credits are
not enough to cover the interest debited during the previous 90 days period.

Illustrative movement of an account to SMA category to NPA category based on delay I

nonpayment of dues and subsequent upgradation to Standard category at day end process:

Age of
Due date SMA since
Payment oldest SMA / NPA NPA
of Payment covers / SMA class NPA Date
Date dues in Categorisation categorization
payment date
days
01.01.2022 01.01.2022 Entire dues upto 01.01.2022 0 NIL NA NA NA
01.02.2022 01.02.2022 Partly paid dues of 01.02.2022 1 SMA-0 01.02.2022 NA NA
01.02.2022 02.02.2022 Partly paid dues of 01.02.2022 2 SMA-0 01.02.2022 NA NA
Dues of 01.02.2022 not fully paid
01.03.2022 01.03.2022 is also due at EOD 29 SMA-0 01.02.2022 NA NA
01.03.2022
Dues of 01.02.2022 fully paid, Due
for 01.03.2022 not paid at EOD 1 SMA-0 01.03.2022 NA NA
01.03.2022
No payment of full dues of 01.
01.02.2022 /
02.2022 AND 01.03.2022 at EOD 31 SMA-1 NA NA
03.03.2022
03.03.2022
Dues of 01.02.2022 fully paid, Due
for 01.03.2022 not fully paid at EOD 1 SMA-0 01.03.2022 NA NA
01.03.2022
No payment of dues of 01.02.2022,
01.02.2022 /
01.04.2022 01.03.2022 and amount due on 60 SMA1 NA NA
03.03.2022
01.04.2022 at EOD 01.04.2022
No payment of dues of 01.02.2022 01.02.2022 /
61 SMA 2 NA NA
till 01.04.2022 at EOD 02.04.2022 02.04.2022
No payment of dues of 01.02.2022 01.02.2022 /
01.05.2022 90 SMA 2 NA NA
till 01.05.2022 at EOD 01.05.2022 02.04.2022
No payment of dues of 01.02.2022
91 NPA NA NPA 02.05.2022
till 01.05.2022 at EOD 02.05.2022
Fully paid dues of 01.02.2022 at
01.06.022 01.06.022 93 NPA NA NPA 02.05.2022
EOD 01.06.022
Paid entire dues of 01.03.2022 &
01.07.022 01.07.022 62 NPA NA NPA 02.05.2022
01.04.2022 at EOD 01.07.2022
Paid entire dues of 01.05.2022 &
01.08.022 01.08.022 32 NPA NA NPA 02.05.2022
01.06.2022 at EOD 01.08.2022
Paid entire dues of 01.07.2022 &
01.09.022 01.09.022 1 NPA NA NPA 02.05.2022
01.08.2022 at EOD 01.09.2022

Page 13 of 14

RAJDEEP HOODA
Aadhaar
24 Jul 2024 at 10:53:21 IST (UTC+05:30) eSign
 Standard
Paid entire dues of 01.09.2022 & STD from
01.10.022 01.10.022 0 Account with NA NA
01.10.2022 01.10.2022
No Over dues

I/we also understand that the aforesaid few examples are illustrative and not exhaustive In
nature covering common scenarios, and that, the IRACP norms and clarifications provided by RBI on
the subjects referred above will prevail

Yours faithfully,

Name of the Borrower(s) RAJDEEP HOODA (Signature) : ____________

Name of the Co-Borrower (S) / Guarantor (S) (Signature) : ____________

Date: refer to undersigned date

Place:ROHTAK

Page 14 of 14

RAJDEEP HOODA
Aadhaar
24 Jul 2024 at 10:53:21 IST (UTC+05:30) eSign