Date:20 April, 2025 LD/CD-Digital/Dec 2023/v2

I, Vijay Kumar, request IDFC FIRST Bank Limited to grant me a loan for the purchase of Consumer Durable/
Consumption Finance product as follows:

Personal Details
Particular Details
Loan Application No 101055039873
Name Vijay Kumar
CRN No. 6375978321
Gender Male
Date of Birth 03-04-1993
Email ID
Marital Status Married
Religion HINDU
Mobile 9582397804

Document Identification
PAN No. IIXPK6529M
Aadhar No. ********5083

1/26
Permanent Residential Details
house no 162 22 feet road,Fatehpur Taga 29,gandhi
Address
nagar part 2 kureshipur
Landmark near shiv mandir
City | State FARIDABAD | HARYANA
Pincode 121004
Residence Status Owned

Current Residential Details

Same As Permanent Address Yes

CKYC / EKYC Details

Aadhaar Number XXXXXXXX5083
CKYC Number **********3160
Mother's Name Shavtri Devi
Father's Name Baljeet Singh
Spouse Name Shaurahmhuki Devi
Biometric Validation Yes

2/26
 Occupational Details
Type Of Employment Self Employed
Designation NA
Company Name OTHERS
house no 162 22 feet road
Fatehpur Taga 29
gandhi nagar part 2 kureshipur
Company Address Landmark: near shiv mandir
City: FARIDABAD
State: HARYANA
Pincode: 121004

Other Details
Director Of Bank No
Director Of Any Other Bank No
Relative To Bank Director No
Relative To Other Bank Director No
Relative To Senior Officer Of The IDFC FIRST Bank No
Senior Officer Of IDFC FIRST Bank No
Politically Exposed Persons (PEPs) No
Name: Sumit X
Reference 1 Relation: RELATIVE
Contact No.: 9953740348
Name: Mukesh X
Reference 2 Relation: SIBLING
Contact No.: 9650095721
Citizenship Indian
Country Of Birth India
Country Of Residence As Per Tax Laws India
Foreign TIN NA
Purpose of Loan PERSONAL USE

OSV Done By: PARVEEN KUMAR

3/26
Authorization

i. I hereby authorize IDFC FIRST Bank Limited (“the Bank”), to conduct credit checks, references, make
enquiries, in its sole discretion and also authorize the Bank and its agents to share and obtain information,
records from any agencies, statutory bodies, credit bureau, bank,financial institutions, or any third party in
respect of the application, as it may consider necessary, the Bank shall not be liable for use/ sharing of the
information

ii. I authorize IDFC FIRST Bank and its representatives to communicate by way of E-mail, Call, SMS or
WhatsApp or through any other mode regarding my application, account activities, updates and offers from the
Bank. This consent overrides any registration for DNC / NDNC. I confirm that I am citizen and resident of
India. Further, I understand that the consent to receive calls / communications / offers shall be valid and shall
prevail over my current or any subsequent registration of mobile number for DNC / NDNC and shall continue
to be treated as my consent/ acceptance.

iii. The Bank reserves the right to retain the photograph and documents submitted with the application and shall
not returned back

iv. I authorize the Bank to submit application/other relevant documents submitted by me to CERSAI. I hereby
provide my consent to receive information from Central KYC Registry through SMS/mail on the above
registered number/email address.The Borrower consents to receiving information from Central KYC Registry
CERSAI through SMS/Email on my registered number/email address. I hereby provide the consent to bank to
pull my KYC details from CERSAI & PAN details from Protean as and when required by the Bank for the
compliance.The Borrower agrees to abide by and be bound by all applicable
rules/regulations/instruction/guidelines including but not limited to those issued by the Reserve Bank of India,
including the Foreign Exchange Management Act, 1999 and Foreign Account Tax Compliance Act, 2010 (to
the extent applicable to India) and the Common Reporting Standards (CRS), in force from time to time. I
confirm having declared my status as per the rules applicable under section 285BA of the Income Tax Act,
1961 (the Act) as notified by Central Board of Direct Taxes (CBDT) in this regard.

v. I hereby provide the consent to bank to pull my KYC details from CERSAI & PAN details from Protean as
and when required by the Bank for the compliance.

vi. I authorize the Bank to finance us/Borrower for the premium of any third-party product available with the
Bank, taken by Borrowers as per Borrower's own wish from the said third-party of Borrower's choice 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 third-party product shall be incurred and paid by the Borrower, however,
in case borrower has availed such product, then Bank will not be responsible for any cancellations of any
third-party product and or after sales service.

4/26
Declaration
I declare that all the particulars and information given in the Application Form are true, correct, complete and up-to-date in
all aspect and I have not withheld any information whatsoever. I confirm that no suit for recovery of outstanding dues or
money whatsoever and/or criminal proceedings have been initiated and/or pending against the Applicant/s. I hereby confirm
that no action or any steps have been taken or legal proceedings started by or against the Applicant in any court of law/other
authorities for winding up, dissolution, administration or re-organization or for the appointment of a receiver, administrator,
administrative receiver, trustee or similar officer or for Applicant(s)' assets. I declare that I have not made any payment in
cash, bearer, cheque or kind along with or in connection with this Application except for the application fees mentioned for
or Processing fees or any other fees prescribed in the Application Form to the executive collecting my/our application/and
I/Applicant shall not hold the Bank liable for any such payment made by us to the executive collecting this application. I
further declare and confirm that the credit facilities if any enjoyed by the Applicant(s) with other banks/financial
institutions/non- banking finance companies has been disclosed hereinabove. I hereby confirm that I am/are competent and
fully authorized to give declaration, undertakings etc. and to execute and submit this Application Form and all other
documents on behalf of the Applicant(s) for the purpose of availing loan, creation of security and representing generally for
all the purposes mentioned/required to be done for these presents. I hereby agree to abide by and be bound by all applicable
rules/regulations/instruction/guidelines including but not limited to those issued by the Reserve Bank of India, including the
FEMA Regulations 2000 Governing EEFC Accounts, the Foreign Exchange Management Act, 1999 and Foreign Account
Tax Compliance Act, 2010 (to the extent applicable to India) and the Common Reporting Standards (CRS), in force from
time to time. I confirm having declared our status as per the rules applicable under section 285BA of the Income Tax Act,
1961 (the Act) as notified by Central Board of Direct Taxes (CBDT) in this regard. I confirm that except to the extent
disclosed to the Bank, no director or a relative (as specified by RBI) of a director of a banking company (as specified by
RBI) or a relative of a senior officer of the Bank (as specified by RBI) is - the applicant(s), or a partner, managing agent,
manager, employee, director of our concern, or of our subsidiary or our holding company, or a guarantor on my/our behalf,
or holds substantial interest in our concern or my/our subsidiary or holding company. I/myself declare/confirm that the
current residence address mentioned/shared with IDFC FIRST Bank, in my Consumer Durable Loan application, is correct
and I/myself stay at the same address. I hereby submit voluntarily, at my/our own discretion, the physical copy of Aadhaar
card/physical e-Aadhaar / masked Aadhaar / offline electronic Aadhaar xml as currently issued or in any other/additional
form made available, from time to time, by UIDAI (Aadhaar), to IDFC FIRST Bank for the purpose of establishing my
identity / address proof and voluntarily give my consent in connection with me availing the Financial Facility from IDFC
and processing instructions for the said purpose and hereby give consent to IDFC FIRST Bank for verification of my
Aadhaar to establish its genuineness through any such acceptable manner stipulated by UIDAI or under any Act or law from
time to time. I have also been explained that submission of this document is not mandatory. I have the option to submit any
one of the document(s) as per the list of Officially Valid Documents (updated by the RBI from time to time). The consent
and purpose of collecting Aadhaar has been explained to me in local language. IDFC FIRST Bank has informed me that
am/are required to redact/ blacken out the first eight digits of Aadhaar number so that only last four digits of the Aadhaar
number are visible; and in case I do not redact/ blacken out the first eight digits of Aadhaar number, I authorized IDFC
FIRST Bank to redact/blacken out the Aadhaar number through appropriate means on my behalf. IDFC FIRST Bank has
also informed me that this consent and my Aadhar will be stored with IDFC. I/myself declare/confirm that the current
address mentioned/shared with IDFC FIRST Bank, in my Consumer Loan application, is correct and I/myself stay at the
same address.

I undertake and declare that if there are any changes in the particulars and information given by me while availing the Loan
facility, I shall within 30 days from the date of any such change in the particulars and information shall disclose the details
of such changes to the Bank without withholding the same.

I have been read out and explained in the language known to me, the contents of the loan documents and all other documents
incidental to availing the loan from IDFC FIRST Bank Ltd. And I have provided the consent for the said document through
an OTP validation. I hereby agree to abide by all the terms and conditions of the loan and the clauses of the same.

5/26
Terms & Conditions

Easy Buy EMI Card

Below T&C shall be applicable to the Applicant for Easy Buy EMI card offer (Only applicable if EBC offer selected)
1. The non-refundable application fees for the Card is 530.00 (Including GST). The Card will be issued to the
Applicant in 45 days after the payment of 1/4/6 successful EMIs.
2. Applicant can also access the Virtual Easy Buy EMI Card through our IDFC FIRST Bank: MobileBanking App
https://idfcfr.in/login
3. The pre-qualified offer mentioned to the Applicant at the time of application of the Card is subject to change at the
Bank's discretion.
4. The non-refundable annual fee for Easy Buy EMI card is 99/- (Including GST).
5. Customer can use this card to apply for future loans with IDFC FIRST Bank. This is not a credit card. Any future
loans taken using the Easy Buy EMI card, may require additional checks at bank's end. The Facilities are
uncommitted facilities, are recallable by IDFC FIRST Bank at any time and may be cancelled and repudiated in part
or in entirely by IDFC FIRST Bank at any time without notice and without giving any reason. Sanction or part
disbursal of the facility should not be construed as giving rise to binding obligations on the part of IDFC FIRST Bank
to provide the facility. The facility mentioned aforesaid will be available solely at IDFC FIRST Bank’s discretion and
IDFC FIRST Bank will not be liable for any action taken by the borrower on the basis of this sanctioned facility.
6. Borrower hereby acknowledge and confirm that the Easy Buy Card (EBC) issued is perpetual in nature and remains
valid indefinitely. The absence of an expiration date does not alter Borrower's obligations, including but not limited
to, timely payment of any fees, charges, or dues associated with the EBC card.
7. The NACH mandate issued in any loan can be utilized for payment of annual fees and any other charges as and when
communicated related to Easy Buy Card wherein Customer needs to maintain sufficient funds in his/her/their account
to cover debit instructions.
8. The Easy Buy Card issued shall remain valid and in effect unless terminated by Bank or revoked by Customer in
accordance with the terms and conditions herein.
9. In case of revocation, Customer to provide written notice to Bank and revocation will take effect in 90 days from
receipt of notice/ as per Bank's internal policy.
10. Termination of Card by Bank would be as per Terms and Conditions and updated from time to time.
11. In case the Card is terminated/revoked, Customer shall surrender the Card to nearest Branch within 90 days.

6/26
 Standard Conditions :

1. IDFC FIRST Bank constantly evaluates your credit score. Some of the parameters we check include: Performance of
your other loans, your repayment track record, discipline of payments, etc
2. Ensure that payment for your loans, with all lenders are always made on time, failing which your card may get
blocked.
3. The Borrower understands, acknowledges, and agrees that the Facilities are uncommitted facilities, are recallable by
IDFC FIRST Bank at any time and may be cancelled and repudiated in part or in entirely by IDFC FIRST Bank at any
time without notice and without giving any reason. Sanction or part disbursal of the facility should not be construed as
giving rise to binding obligations on the part of IDFC FIRST Bank to provide the facility mentioned aforesaid. The
Facility mentioned aforesaid will be available solely at IDFC FIRST Bank’s discretion and IDFC FIRST Bank will
not be liable for any action taken by the borrower on the basis of this sanctioned facility.
4. The Borrower(s) hereby represents/ warrants to /covenants/ undertakes that he/she shall utilize the loan for the
purpose for which it is granted and not for any improper/illegal/unlawful/speculative/capital market related activities
neither for purchase of gold in any form including primary gold, gold bullion, gold jewelry, gold coins, units of Gold
Exchange Traded Funds(ETF) and units of gold Mutual Funds.
5. Borrower is aware that penal charges means the charges which the Bank shall impose upon the borrower for
non-compliance of loan terms and conditions by the borrower. Said charges shall be over and above the applicable
charges and interest rates as specified in the Schedule of Charges/Key Fact Statement and the same may be amended
from time to time by the Bank. It is further specified that penal charges as set out in the schedule are without prejudice
to the Bank’s right to recall the entire loan or to initiate any recovery action.
6. Borrower agrees that if he/ she avails any loan from the Bank then the PDC/SI/ ECS/NACH mandates issued under
the said loan shall continue and remain in force till such time all other dues under the Loan Agreement and in respect
of all other loan/facility obtained/to be obtained by the Borrower from the Bank/group companies are fully discharged
and the Bank and/or its affiliates issue a certificate of discharge. The PDC/SI/ECS/NACH mandate issued under any
Loan.
7. Agreement and the liability of the Borrower shall not be affected impaired or discharged. The Borrower covenants
that the PDC/SI/ECS/NACH provided by the Borrower shall remain valid for the balance due to the Bank, or any
other financial benefits obtained by the Borrower from any of the affiliates of the Bank.
8. The para banking services provided by the Bank to the Borrowers for financial products shall be strictly on a non-risk
participation basis.
9. Borrower shall be liable to pay the Interest on outstanding loan balance for the duration it remains outstanding.
Further, such Interest calculation shall commence from the actual date of disbursement of the said loan. In the event
of disbursement through cheque, Interest shall be calculated from the date of handover of the cheque
10. Notwithstanding anything to the contrary contained in this Agreement, Borrower is aware that insurance is
non-mandatory and offered only to customer who voluntarily choose to opt for the same and in case if the loan is
cancelled, the insurance policy will also get cancelled automatically by the Insurance Company and the certificate of
insurance (if received/issued) will remain cancelled/ revoked by the said Insurance Company. Bank may receive the
commission / fees for solicitation of insurance products (if any) and same will be available on below link
www.idfcfirstbank.com

7/26
 EMI :

In the event you fail to pay the EMI (along with any other fees or charges that might have accrued) on the respective
EMI Due Date set out in the agreement, you shall be liable to pay additional EMI Bounce/ Penalty charges (Inclusive of
GST), levied on each delayed payment of EMI amount. Please refer the below summary:

1. A charge of 400/- (+ GST as applicable) will be levied against your account in case of EMI bouncing due to
insufficient balance.
2. A charge of 300/- (+ GST as applicable) will be levied against your account in case of technical bounce.
3. A second attempt to recover EMI will be made 1 working day after the first presentation of every month. If sufficient
balance is not maintained, by this second attempt, a further bounce charge of 400/- (+ GST as applicable) will be
levied.
4. It has been hereby clarified that EMI penalty charges will apply on each instance of failure to pay EMI on an EMI
Due date.
5. The EMI Penalty charges are levied only on the EMI amount under default in a non-discriminatory manner. Please
also note that non-payment of EMI within the calendar month will result in levy of penal charge. For any
clarifications of charges applicable to your account, refer Schedule of Charges: https://idfcfr.in/cW9T7c.

Other Conditions:

1. Customer to maintain sufficient balance in your bank account from which EMI is to be debited. The account should
be funded at least 1-2 working days before the EMI due date.
2. I am aware of the First EMI start date i.e., between 2nd and 5th of every month, depending upon the date of
disbursement. For No-cost EMI schemes where the interest is subvented, I acknowledge that the effective interest rate
calculation shall start prior to the First EMI from the month of disbursement, notwithstanding the date of
disbursement.
3. Actual Rate of Interest may vary from that mentioned in the Sanction Letter which is due to system logics and
rounding off mechanism. However, your EMI amount will remain the same.

*This document is digitally verified. No signature required.

Time Stamp: 04:06 PM Name of the Borrower: Vijay Kumar

Date: 20/04/2025

8/26
Date: 20 April, 2025
To : MR. Vijay Kumar

Dear Sir/Madam,

Greetings from IDFC FIRST Bank.

We are pleased to inform you that basis your application, we have sanctioned your Consumer Durable /
Consumption Loan, subject to the terms & conditions & details mentioned hereinafter

1. Product Details

A Application ID 101055039873

B Product Financed LG PANEL LED LESSTHAN 32

C Model Number VANILLA 10K TO 40K

D Scheme Name DS_DEALER82ROIFB25

E ROI % (percentage per annum) *30.01%

9/26
2. Loan Amount Break-Up (in )

A Cost Of Product 18999.00

B Margin Money paid by customer 0.00
J Wallet cashback given by the Bank 0.00
C* Offers (bundled with the loan) 0.00
D=A-B-J+C Bundled Loan Amount 18999.00
E* Total Down Payment 4862.00
F=A+C+E Total Cost To Customer (excl. adv emi wherever applicable) 19111.00
G Gross | Net Tenor (months) 8|6
H Advance EMIs (no.) 2
I EMI Amount 2518

*Annexure : Split Of Offers & Down Payment (in )

E Total Down-Payment 4862.00

Facilitation Fee (incl. GST) 112.00
Advance EMI Amount (panel led lessthan 32) 4750

10/26
Schedule Of Charges

Mode of
1st EMI Due
06/03/2025 Repayment of NACH/PDC/SI/UPI
Date(mm/dd/yyyy)
Loan
Cancellation and 1000/- or 5% of loan amount (Excl EMI Bounce 15% of EMI upto 750/-
Rebooking charges GST)-whichever is higher charges (Excl GST)
Tech Bounce Facilitation
300 (Excl GST) 199 (Including GST)
charges Charges
Foreclosure /
EMI Pickup/ 5% of the balance principal
350/- (Excl GST) Prepayment
Collection Charges outstanding (Excl GST)
charges
Cheque Swap
Upto 2% per month of the overdue
Penal Charges Charges (per NIL
instalment or 300 whichever is higher
swap)

Charges are subject to change at the Bank's discretion, without any prior communication. For updated Schedule of Charges
refer to our website: https://idfcfr.in/cW9T7c.

*Note: 1st EMI due date is subject to change depending on the date of disbursement of loan. Post loan disbursement, IDFC
FIRST Bank will share the communication with the customer on the revised EMI due date.

NOTE:The aforesaid sanction of the loan will be subject to:

1. The aforesaid terms will be valid for a period of 45 days from date of this Sanction letter.
2. This Sanction letter should not be construed as giving rise to binding obligations on the part of the Bank to
provide the loan mentioned overleaf (the “Facility”). The Facility mentioned overleaf will be available solely
at the Bank’s discretion.
3. In the event, the customer does not want to avail the loan after the receipt of the sanction letter, then the
processing fees paid are not liable to be refunded under any circumstances.
4. The Bank shall at its own discretion and upon Borrower’s request, also finance the Borrower for the premium
of any third-party product available with the Bank, taken by Borrowers as per Borrower’s own wish from the
said third-party of Borrower’s choice under the Loan and all the terms and conditions shall be additionally
applicable thereto.
5. All expenses, charges, fees, taxes etc., as applicable on any such third-party product shall be incurred and paid
by the Borrower, however, in case borrower has availed such product, then Bank will not be responsible for
any cancellations of any third-party product and or after sales service.
6. T & C pertaining to Cash Back Offers from the Bank are available on the Bank’s Website;
https://idfcfr.in/OjhpCY
7. The Loan shall be utilized solely towards purchase of consumer durable products and shall not utilize the loan
proceeds for any purpose which is in violation of applicable law.
8. Any other terms and conditions as stipulated by the Bank from time to time. In case of any dispute, please call
on our customer service number on 1800 10 888.

11/26
 9. In case of cancellation of loan / delivery of product is different from the one purchased / not received /
returned, get in touch with Dealer to foreclose the loan with IDFC FIRST Bank
10. Borrower undertakes and declares that if there are any changes in the particulars and information given by
me/us while availing the Loan facility, I/We shall within 30 days from the date of any such change in the
particulars and information shall disclose the details of such changes to the Bank without withholding the
same.
11. Other charges (facilitation fee) pertain to cost incurred to pull customer’s bureau details.
12. Pre-EMI amount, if applicable, is computed from disbursal date till the commencement of the 1st EMI on
pro-rata basis. This will be adjusted from 1st EMI leading to reduced appropriation towards principal.
13. Pre-EMI amount, if applicable, may increase the EMI amount.

I have read the terms and conditions mentioned in this Sanction letter and accept the same.

*This document is digitally verified. No signature required.

Time Stamp: 04:06 PM Name of the Borrower: Vijay Kumar

Date: 20 April, 2025

12/26
 Definition And Interpretation

1. Dues shall 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.

2. Overdue shall mean the principal/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.

3. 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 that 90 days in respect of a
term loan.

4. “First In First Out” (FIFO) - The relevance of ‘First in First Out’(FIFO) is 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/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 01.02.2021 in
the loan account will be used to payoff the dues outstanding on 01.02.2021. Assuming that nothing is paid/or
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 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 that the Rs. X- Rs.Y then after recovering dues of 01.02.201, the remaining amount will
be treated as recovery towards due of 01.03.2021.

5. 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.

6. 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:

7. PEP clause – “Politically Exposed Persons” (PEPs) are individuals who have been entrusted with prominent
public functions by a foreign country, including the heads of States or Governments, senior politicians, senior
government or judicial or military officers, senior executives of state-owned corporations and important
political party officials

13/26
 Loans in the nature of revolving facilities like
Loans other than revolving facilities
cash credit/overdraft
Basis for classification –
Basis for classification –
Outstanding balance remains
Principal or interest
SMA SMA continuously in excess of the
payment or any other
Sub-categories Sub-categories sanctioned Offer or drawing
amount wholly or partly
power, whichever is lower, for a
overdue
period of:
SMA-0 Upto 30 days
More than 30 days and upto More than 30 days and upto 60
SMA-1 SMA-1
60 days days
More than 60 days and upto More than 60 days and upto 90
SMA-2 SMA-2
90 days days

8. Out of Order - 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
that the sanctioned limit/drawing power, but credits are not enough to cover the interest debited during
the precious 90 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 /non
payment 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 Date /SMA Categorization
Date dues in Categorization Date
payment class date
days
01 01 Entire dues upto 01
NIL
.01.2022 .01.2022 .01 .2022
01 01 Partly paid dues of
1 SMA-O 01 .02.2022
.02.2022 .02.2022 01 .02.2022
Partly paid dues of
01.02.2022 02.02.2022 2 SMA-O 01 .02.2022 NA
01 .02.2022
Dues of 01.02.2022
not fully paid
01
01.03.2022 is also 29 SMA-O 01 .02.2022
.03.2022
due at EOD 01
.03.2022

14/26
Dues of 01.02.2022
fully paid , Due for
1 SMA-O 01 .03.2022
01.03.2022 not paid
at EOD 01.03.2022

15/26
 No payment of full
dues of 01.02.2022 01 .02.2022
31 SMA- 1
and 01.03.2022 at 03.03.2022
EOD 03.03.2022
Dues of 01.02.2022
fully paid , Due for
01.03.2022 not fully 1 SMA-O 01 .03.2022
paid at EOD
1.03.2022
No payment of dues
of 01 .02.2022 ,01
01 01 .02.2022
.03.2022 and amount 60 SMA 1
.04.2022 03.03.2022
due on 01.4.2022 at
EOD 01 .04.2022
No payment of dues
of 01.02.2022 till 01 .02.2022
61 SMA 2
01.04.22 at EOD /02.04.2022
02.04.2022
No payment of dues
01 of 01 .02.2022 till 01
90 SMA 2
.05.2022 01.05.22 at EOD 01 .02.2022/02.04.2022
.05.2022
No payment of dues
of 01.02.2022 till 02.05.2
91 NPA NPA
01.05.2022 at EOD 022
02.05.2022
Fully Paid dues of
02.05.2
01.06.2022 01.06.2022 01.02.2022 at EOD 93 NPA NA
022
01 .06.2022
Paid entire dues of 01
.03.2022 & 02.05.2
01.07.2022 07.2022 62 NPA NA NPA
01.04.2022 at EOD 022
01 .07.2022
Paid entire dues of 01
01 01 .05.2022 & 02.05.2
32 NPA
.08.2022 .08.2022 01.06.2022 at EOD 022
01 .08.2022

16/26
 Paid entire dues of 01
01 01 02.05.2
.07.2022 & 01.08.2022 1
.09.2022 .09.2022 022
at EOD 01 .09.2022
Standard
Paid entire dues of STD
01 Account
01.10.2022 01.09.2022 & 01 0 from 01
.10.2022 with No
.10.2022 .10,2022
Overdues

Note- Examples are illustrative and not exhaustive in nature covering common scenarios and that the IRACP norms
and clarifications provided by RBI on the subject will prevail.

9. Amortization Schedule/Repayment Schedule:- The Amortization Schedule shall be provided

separately after the disbursement of loan and shall consist details pertaining to exact due dates for
repayment of loan, breakup between principal and interest, in case of loan facilities with moratorium
on payment of principal and or interest, the exact date of commencement of repayment etc., shall also
be specified in the said amortization schedule.

17/26
LD/CD-Digital/June 2024/ v3

Terms & Conditions

1. LOAN
d) “Penal Charges” – Borrower is aware that penal charges means charges which
a) The loan (“Loan”) provided by the Bank shall be an amount as stated in
the Bank shall impose for delay in payments by the Borrower. Said charges shall
the Sanction Letter.
be over and above the applicable charges and interest rates as specified in the
b) The Borrower understands and confirms the disbursement of Loan by
Schedule of Charges/Key Fact Statement and the same may be amended from time
IDFC First Bank Limited formerly known as IDFC Bank Limited ("the Bank") on
to time by the Bank. It is further specified that penal charges as set out in the
the Borrower’s behalf to the Dealer’s account, as per the details provided by the
schedule are without prejudice to the Bank’s right to recall the entire loan or to
Borrower. The Loan may be disbursed in one lump sum or in installments as may
initiate any recovery action.
be decided by the Bank and the Loan shall be repaid by the Borrower as per the T
& C and Sanction Letter.
5. PRE-PAYMENT
c) The borrower can't sell the product until the loan is paid. If the borrower
The Borrower shall prepay the entire Loan amount in full, subject to the payments
intends to sell the product then he/ she should foreclose the loan first before selling
of prepayment charges on the outstanding balance, with prior written request from
the product.
the Bank, b) The Bank shall be at liberty to appropriate amount so prepaid towards
d) The Sanction letter shall be read in conjunction with the provisions of this
prepayment of charges, interest, penal charges, other charges payable under the T
Terms and Conditions ("TnC") and in the event of any conflict in the terms of the
& C and then towards the Loan amount or in any other manner that the Bank may
aforesaid sanction letter and this Terms and Conditions, the terms of this Terms
deem fit and proper in its sole and absolute discretion.
and Conditions will prevail over the said Sanction Letter, also the Bank shall be
entitled to alter/vary/modify the terms and conditions of this Agreement or the
6. CONDITIONS
Sanction Letter at any time by notice in writing to the Borrower or notifying the
The Borrower shall, prior to the disbursal of the Loan, have utilized his/her own
same on its website, either on its own accord or as may be required by any
contribution to the cost of the Product less Loan availed from the Bank.
Statutory Authority
The Borrower shall not transfer the Product to any third party and maintain the
Product in good order and condition during the currency of the Loan.
2. RATE OF INTEREST
The Borrower shall upon change of residence immediately intimate to the Bank.
a) The Borrower specifically agrees that the Loan shall carry interest at the
The Borrower shall ensure that no part of the Loan is utilized for any illegal,
rate specified in Sanction Letter.
immoral activities, gambling, lottery, speculative activities in nature.
b) The Bank shall be entitled to revise the rate of interest from time to time
as per its policy and/or applicable laws and regulations, during the tenor of the
7. BORROWER’S REPRESENTATIONS & WARRANTIES
Loan at its discretion. the Bank will inform the Borrower about the variation in the
a) All the documents provided by the Borrower are valid and binding.
Rate of Interest, if any.
b) The Borrower does not violate any terms and conditions under any
c) Any non-presentation/delayed presentation of the cheque due to any
existing agreement entered into by the Borrower with any third party, by availing
reason will not affect the liability of the Borrower to pay the EMIs on time. The
the Loan from the Bank.
Borrower shall replace the cheques/issue fresh cheques if so required by the Bank.
c) There is no action, suit, proceeding or investigation pending to the
d) The Borrower may swap the PDCs with the consent from the Bank and on
knowledge of the Borrower before any court of law or any competent authority
paying the Bank cheque swap charges.
which might have a material effect on the Borrower financials and/or might put
into question the validity, enforceability or performance of the T & C.
3. TAXES
d) The Borrower agrees and accepts the entire risk related to the transaction
a) The Borrower agrees to pay to the Bank, any and all taxes, charges, duties
the Borrower had with the Dealer like non-performance, non-delivery, breach of
as may be levied including stamp duty related to the Product, T & C and the Loan.
warranty or supply of inferior or damaged Product and the Bank is not responsible
The Borrower also agrees that the EMI shall automatically increase on account of
for the same. In any such eventuality, the Borrower’ liability to repay the Loan
any incremental tax or levy.
disbursed by the Bank will be in total and continuous.
e) The Loan is repayable on demand made by the Bank with all the accrued
4. PAYMENTS
interest and other charges.
a) The Borrower agrees to repay the Loan to the Bank by EMI, on a monthly
basis, on the scheduled due date, as per the mode of payment, specified in the
8. SECURITY:
Sanction Letter. The Borrower agrees that timely payment of EMI is the essence of
The Loan, interest, additional charges, fees and all other charges including but
the Loan.
notlimited to the Borrower’s outstanding payable to the Bank shall be secured by
b) The repayment of the Loan is by Post Dated Cheques (“PDCs”) or other
the Product on which the Bank shall have first and exclusive charge.
mode of payment, the Borrower undertakes to honour all payments on the
scheduled due dates and shall not instruct their bankers for stop payment. The
9. EVENTS OF DEFAULT
Borrower shall be liable to pay cheque bounce charges for each cheque
a) The Borrower commits any default, breach, misrepresentation under this T
bounce/dishonour/other mode charges
& C and/ or any other loan with the Bank.
c) The Borrower understands and agrees to the Bank method of calculating
b) The Product is damaged, stolen, confiscated, attached/taken into custody
Equated Monthly Instalments (“EMI”) and agrees not to dispute the same, at any
by any official authority, subject to any proceedings, or is disclaimed, endangered,
time in future, d) The Borrower shall pay a non-refundable Processing Fee with
c) The Borrower dies, becomes insolvent/ compounds with his/her creditors
upfront EMI as specified in the Sanction Letter OR non-refundable Processing Fee
or permits any attachment or confiscation or other process against any of his assets
with upfront EMI shall be deducted by the Bank e) The Borrower has executed by
or properties,
way of collateral security, Demand Promissory Note (DPN) for the repayment of
the Loan along with interest thereon.

18/26
 from Bank, discontinue data and outgoing call services of your mobile connection
until all due payments are regularized. Upon discontinuation of specified
d) Any circumstances in the opinion of the Bank that jeopardizes the Bank’s telecommunication services, telecom operator may activate pre-call
interest or security. announcements on your mobile connection. Borrower will / may be notified
through any available means such as SMS, notifications and outbound calls
10. UNDERTAKING regarding the consequence of discontinuation of telecommunications services.
a) The Borrower shall comply with applicable laws. Borrower cannot combine or avail any other bundled telecommunication offer
b) The Borrower shall use the Product for personal use only. during the activation and subsistence of Telecom Offer tenure.
14.3 The Borrower agrees that the Bank may be required to disclose
11. REMEDIES Borrower personal and financial information to the statutory authorities in
a) Upon the occurrence of an Event of Default, the Borrower’s outstanding connection with any legal process that may be initiated by such authorities in
Loan shall forthwith become payable to the Bank. The Bank may recall the Loan accordance with applicable laws.
with additional charges. The Borrower, undertake to forthwith surrender to the 14.4 The Bank discourages the Borrower from sending or posting to the
Bank/ its representatives/agencies, the Product or any other product of such value Bank’s web site any information that the Borrower considers to be confidential or
as approved by the Bank. The Bank/its representatives/ agencies shall be entitled proprietary. Please note that if the Borrower do send or post any such information
to take possession and/or dispose the same and adjust the proceeds against the total or material, the Bank will assume that it is not confidential. By sending or posting
dues. If there is any deficit, the same shall be made good to the Bank by the any information or material, the Borrower grant the Bank an unrestricted,
Borrower, irrevocable license to use, reproduce, display, perform, modify, transmit and
b) The Bank shall be entitled to take recourse to other legal remedies (civil distribute those materials or information, and the Borrower agrees that the Bank is
and criminal) under appropriate provisions of the laws. free to use any ideas, concepts, know-how or techniques that the Borrower sends
c) The Borrower shall be liable for payment of all legal and other costs and or post for any purpose on this web site.
expenses incurred in the exercise of the Bank’s remedies, including repossession 14.5 The Borrower agrees that the Bank may also share Borrower
of the Product/ any asset and recovery of Loan amount. information to provide Borrowers with superior services and a range of offers. The
Bank may use this information to advise Borrowers about products, services and
12. CLOSURE OF LOAN other marketing materials, which the Bank think may be of interest to Borrowers.
Upon the Borrower's paying to the Bank all EMIs on the due dates or Loan amount The Bank further reserves the right to disclose the information to any third party if
and all other charges payable by the Borrower to the Bank under this T&C the disclosure of the same is for getting any additional service, products which
may be beneficial to the Borrower, as per the sole assessment and discretion of
13. NOTICE The Bank.
Any notice or request required or permitted to be given or made under this 14.6 The Bank will limit the collection and use of Borrower information only
Agreement to the Bank or to Borrower shall be given in writing or post. Such on a need-to-know basis to deliver better service to the Borrowers. The Bank may
notice or request shall be deemed to have been duly on made when it shall be use and share the information provided by the Borrowers with its Affiliates and
delivered by hand, e-mail or any other electronic mode , telegram to the party to third parties for providing services and any service-related activities such as
which it is required or permitted to be given or made at such party’s addresses. collecting subscription fees for such services, and notifying or contacting the
Borrowers regarding any problem with, or the expiration of, such services. In this
14.1. CONSENT OF DISCLOSURE/ PRIVACY regard, it may be necessary to disclose the Borrower information to one or more
The Borrower have no objection for the disclosure by the Bank of all or any such: agents and contractors of the Bank and their sub-contractors, but such agents,
(a) information, obligations and data relating to the Borrower, Loan, T & C, contractors, and sub-contractors will be required to agree to use the information
Products/assets furnished by the Borrower including other credit facility granted/to obtained from the Bank only for the said purposes. The Borrower authorises the
be granted by the Bank; Bank to exchange, share, part with all information related to the details and
(b) information, data relating to default, if any, committed by the Borrower transaction history of the Borrower to its Affiliates/ other banks/ financial
in discharge of its obligations to the Credit Information Company ( "CIC") or institutions/ credit bureaus/ agencies/ participation in any telecommunication or
agency authorized by the Reserve Bank of India. CIC and/ or other agency so electronic clearing network as may be required by law, customary practice, credit
authorized may use and/or process the aforesaid information and data in any reporting, statistical analysis and credit scoring, verification or risk management or
manner as deemed fit by them. CIC and/or other agency may furnish for any of the aforesaid purposes and shall not hold the Bank liable for use or
consideration, the processed information and data or products thereof prepared by disclosure of this information. The Bank values relationship with Borrower and
them, to the Bank and other credit guarantors or registered users, as may be will at all times strive to ensure Borrower’s privacy.
specified by RBI. 14.7 Borrower hereby authorises the Bank to appoint recovery agents and
(c) The Borrower agrees that the Bank may share its mobile number and thereby consents and agrees that the Bank shall be entitled to disclose to such
other personal information with the Borrowers’s mobile network operator and their recovery agents/third parties all necessary and relevant information pertaining to
third party agencies for verification, evaluation and assessment of the Borrower the Borrower(s)and the loan and the borrowers hereby consent to such disclosure
and neither the mobile network operator nor their third party agencies shall be by the Bank. Notwithstanding anything contained in this Agreement, the
responsible for obtaining a separate consent for collecting, processing or storing Borrower(s) expressly accepts and authorizes the Bank (and/ or any such recovery
such information. The Borrower specifically grants his/her consent to such mobile agents/third party as the Bank may appoint) to contact Borrower and disclose all
network operators and their agencies to share the results of such assessment with necessary and relevant information pertaining to the Borrower(s).
the Bank for processing of the Borrower’s loan application, 14.8 Set Off and Lien
(d) The Borrower further acknowledges that the Bank may undertake
periodic assessment and monitoring of the Borrower during the term of the loan a) Without prejudice to what is stated herein, the Borrower hereby expressly
and the Borrower grants his/her explicit consent to the Bank for receiving periodic agrees and confirms that in the event of the Borrower failing to pay the amount
information from the mobile network operator and their third party agencies for outstanding under the Loan or any other loan/ facility, whether as borrower or
this purpose. guarantor or otherwise, in addition to any general or similar lien to which the Bank
14.2 In the Event of Default, the Bank shall also be entitled to communicate or any of its subsidiary/affiliates may be entitled by law, the Bank shall, without
in any manner it may deem fit, to or with any person or persons including prejudice to any of its specific rights under any other agreements with the
guarantors, person giving reference to loan, with a view to procure assistance of Borrower, at its sole discretion and without notice to the Borrower, be at liberty to
such person or persons in recovering the defaulted amounts including but not apply any other money or amounts standing to the credit of the Borrower in any
limited to visiting the property and/or any place of work of the Borrower. In case account (including fixed deposit account) of the Borrower (whether singly or
of default in payment of EMIs, telecom operator may, upon receiving instructions jointly with another or others) with the Bank or any of its subsidiary/affiliates in or
towards payment of the monies due from the Borrower. The rights of the Bank
under this Agreement are in addition to other rights and remedies (including
without limitation other rights or set off) which the Bank may have.

19/26
b) In event of any third party, including any statutory authority or court of law h) The Borrower agrees, declares and confirms that, notwithstanding any of
asserting any rights over any of the deposits, monies, securities and assets placed the provisions of the Indian Contract Act, 1872 or any other Law, or any terms and
with the Bank, the Bank shall be entitled to exercise its rights of lien and set-off in conditions to the contrary contained herein, the Bank may, at its absolute
respect of the same and be required to provide to such third party only such discretion, appropriate any payments made by the Borrower under this Terms and
deposits, monies, assets and securities placed with the Bank as would be available Conditions or otherwise, towards the dues payable by the Borrower to the Bank
after setting aside deposits, monies, securities and assets etc, towards the said dues under this Terms and Conditions and/or other agreements entered into between the
of the Bank (Liabilities) whether any part of or all of the said dues are by then Borrower and the Bank and in any manner whatsoever.
arisen, crystallized or not and whether actual or contingent. i) I hereby provide the consent to bank to pull my KYC details from
CERSAI & PAN details from NSDL as and when required by the Bank for the
c) If any of the Borrower Entities have more than one agreement with or have compliance.
availed any other facility from the Bank of whatsoever kind and if in any of the j) “I/We undertake and declare that if there are any changes in the particulars
contracts or agreements, they have committed any breach or default, then the Bank and information given by me/us while availing the Loan facility, I/We shall within
has the right of lien and the right to hold on to the Vehicle/ Hypothecated Asset (as 30 days from the date of any such change in the particulars and information shall
security for all such liabilities of the Borrower Entities/persons including under disclose the details of such changes to the Bank without withholding the same.
this and other agreements, and to act accordingly) of all the assets under all the k) Non-Waiver: - Any omission or delay on the part of the Bank shall not be
agreements even if in any of the agreements, the Borrower has paid off all dues deemed to constitute a waiver by the Bank of any of its rights under this T & C.
and/or the assets have become free from any charge under such loan facility. l) Governing law: - The Agreement shall be construed and governed as per
The Borrower agrees that all claims, disputes or differences arising out of or in
d) The bank has the exclusive right and sole discretion to appropriate all amounts connection with this T & C, whether during or after the Borrower shall not transfer
received from the Borrower towards any of the agreements that the Borrower or the Product to any third party and maintain the Product in good order and
any of the Borrower entities has entered into notwithstanding the instructions from condition during the currency of the Loan. The Borrower shall upon change of
any of them to the Bank to appropriate the money to/against a particular agreement residence immediately intimate to the Bank. The Borrower shall ensure that no
or liability thereunder. part of the Loan is utilized for any illegal, immoral activities, gambling, lottery.
m) Grievance Redressal, Governing Law and Dispute Resolution
e) The Bank shall have right to apply and/or appropriate and/or set off any credit i. In event of any grievances, the Borrower may approach the nodal officer of
balance of the Borrower(s) or any monies/assets (including but not limited to the Bank. The contact details of the nodal officer have been provided in the Key
property, assets, securities, shares, stocks, and the like) belonging to the Fact Statement (KFS).
borrower(s) coming in the hands of the Bank towards repayment of loan under this ii. The Parties agree that this T & C shall be governed by the laws of India.
agreement or any other agreement upon occurrence of the event of default. The Borrower agrees that all claims, disputes or differences arising out of or in
Exercise of any such right shall be binding on the Borrower(s). connection with this T & C, whether during or after the termination of the T & C,
shall be referred to the sole arbitrator, appointed by the Bank, in accordance with
15. Force Majeure the Arbitration and Conciliation Act, 1996 as amended from time to time. The
The Borrower shall be liable to perform or fulfil its obligations at all point of time place of arbitration shall be at Mumbai only. Pending the interim award, the
and shall not delay/postpone performance, its obligations in whole or in part, even Borrower shall be liable to perform its obligations under this T&C, including the
on the ground of any force majeure event such as acts of God, floods, cyclones, payment of installments and other outstanding.
earthquakes, fires, wars, riots, strikes, orders of governmental or other statutory 17. Except to the extent disclosed to the Bank: (I) all the Borrower's
authorities, national emergency, or any other similar causes. contracts or agreements with, or any commitments to, any affiliates or group
companies(if applicable) are on arms' length basis; (ii) (a) where the Borrower is
16. GENERAL an individual, he/ she is not a director or specified near relation of a director of a
a) T & C is binding on the Borrower and the Bank on and from the date banking company; (b) where the Borrower is a partnership firm/HUF/limited
mentioned in the Sanction Letter. liability partnership firm, none of the partners or members of the HUF is a director
b) The Borrower, his/her legal heirs, executors, administrators and successors or specified near relation of a director of a banking company; and (c) where the
shall be bound by this T & C. In case of death of the Borrower, the DPN given by Borrower is a joint stock company, none of its directors, is a director or specified
the Borrower will be invoked against his/her legal heir/s and successors, near relation of a director of a banking company; (iii)(a) where the Borrower is an
c) The Borrower shall not be entitled to assign his/her rights and obligations individual, that he/ she is not a specified near relation to any senior officer of the
or terminate this T & C. The Bank shall be entitled to sell/transfer/assign, any or Bank, (b) where the Borrower is a partnership firm/HUF/ limited liability
all its rights, benefits, duties and obligations including rights to receive partnership firm, none of the partners or members of the HUF, is a specified near
installments and loan balance to other entity and for such assignment, the relation of any senior officer of the Bank, and (c) where the Borrower is a joint
Borrower shall perform its obligations under this T & C to such assignee. stock company, none of its directors, is a specified near relation of any senior
d) The Borrowers undertake/s to warrant and keep the Bank insured in officer of the Bank. The Borrower agrees that the Bank has an unconditional right
respect of breach of any of the T & C, Sanction Letter, Application Form and any to revoke and/or recall the entire loan facility if the disclosure as mentioned in this
other documents submitted by him/her (collectively referred as the Loan clause is found to be false.
documents).
e) The Borrower agrees to execute, deliver and perform, any and all further 18. Authorization
acts or documents which the Bank may reasonably require to effectuate the I/We hereby authorize you and your associates, third parties and agents to contact
purposes of this T & C. me/us, for providing information about new products, offers, promotions etc. and
f) In case the said loan is sourced through Business Correspondent (BC), also for receiving feedback or surveys etc. by way of email, sms, phone calls or by
Bank shall be responsible to address the grievances of the Borrowers in relation to any other means of communication and expressly agree to exempt such actions by
acts of commissions and omissions of the said business facilitator/correspondent. you or them for the purpose of Do Not Disturb guidelines issued by Telecom
g) The Borrower understands, acknowledges and agrees that the Facilities are Regulatory & Development Authority (TRAI) or any other authority.
uncommitted facilities, are recallable by IDFC Bank on demand and may be 19. Customer is responsible for submission of complete documents, as per
cancelled and repudiated in part or in entirely by IDFC Bank at any time without the checklist in the form, for processing his durable loan at the Bank before
notice and without giving any reason. Sanction or part disbursal of the facility delivery of product. He/she has to ensure that his documents reaches the Bank Ops
should not be construed as giving rise to binding obligations on the part of IDFC office.
FIRST Bank to provide the facility mentioned aforesaid. The Facility mentioned 20. The Borrower meets the Bank requirement of credit eligibility. The Bank
aforesaid will be available solely at IDFC FIRST Bank’s discretion and IDFC shall be further entitled to modify and change any pre-qualified Loan Amount on
FIRST Bank will not be liable for any action taken by the borrower on the basis of the sole discretion of the Bank basis credit eligibility of the Borrower from time to
this sanctioned facility. time.

20/26
 21. As instructed by the Customer, the Bank shall disburse the loan amount 25. Classification of Account as Red Flag Account
to the Dealer. It is the responsibility of the Customer to get delivery of the Product 25.1 The Borrower understands and agrees that, in case the loan account is
from the Dealer. In case the Customer returns the product to the Dealer for any classified as red-flagged account, the Bank shall conduct an audit as per its Policy,
reason (including defect/s in the product), customer is entitled to recover the cost for further investigation in the account.
of the product from the Dealer as per the terms and conditions agreed between the 25.2 The Borrower shall co-operate with the said audit and shall provide
Dealer and the Customer. It shall not absolve the Customer from repaying the required information, documents, etc. to the Bank or any person appointed by
Loan already disbursed by the Bank to the Dealer. In case the Customer returns the Bank for conducting the audit for further investigation in the account as per its
Product to the Dealer and inform the Bank before disbursal of the Loan Amount to Policy.
the Dealer, the Bank shall not disburse the Loan to the Dealer and shall close the 25.3 In case, the Borrower does not co-operate for conducting such audit, the
loan account in the Books of the Bank. In both the cases, customer should get Bank shall conclude the account as fraud, without giving further notice.
proper acknowledgment from the Dealer as to return of Products by the Customer
to the Dealer and share the said acknowledgment with the Bank. NOTE:
22. The Bank shall also be entitled to communicate in any manner it may a) the Bank is collecting the premium on behalf of the insurer and liability to
deem fit, with the person/s or persons whose name is given for reference by the pay any claim is solely of the insurer.
Borrower, with a view to get assistance of such person/s in recovering the Loan b) The policy cover will commence from date of acceptance of your
amount. insurance proposal by the insurer.
23. The Borrower acknowledges and agrees that the Bank is acting as a c) If your insurance proposal is not accepted by the insurer, the Bank shall
Lender and shall not be responsible or liable for any loss, claim, liability, or refund the premium or adjust it against your outstanding EMI/ loan amount.31.
damage of any kind resulting from, arising out of, or in any way related to any The borrower is aware that this document is an electronic record in terms of
communication/ arrangement between the insurance company and the Borrower. Information Technology Act, 2000 and rules there under as applicable to
The Borrower understands, acknowledges and agrees that the Bank shall not be electronic records in various statutes as amended by the Information Technology
held responsible or liable for any loss, claim, liability, or damage arising out of Act, 2000. This electronic record is generated by a computer system and does not
insurance related issues on product bought under this Agreement. require any physical signatures.
23.1 In no event shall IDFC FIRST Bank Limited be liable to the Customer/ 26. Electronic communications shall be deemed to have been received by borrower
Borrower for any special, incidental, indirect, punitive or consequential damages when we send the electronic communication to the email address / mobile number
whatsoever (including, without limitation, damages of loss of goods or services, or / details provided by borrower or any other third party. Borrower undertakes that
any other pecuniary loss) arising out of the use of, or inability to use, or avail the he will not hold Bank or Banks business partner’s/ service providers/ authorized
facility/defective product, including breach of warranty, negligence or other third parties responsible for any such communications received from Bank/ its
tortious action, or any other claim arising out of Borrower’s use of or access to the business partner’s/ service providers/ authorized third parties, nor will any such
Product/ Policy /Facility. communication amount to spam, unsolicited communication or a violation of
23.2 Further, under the Terms and Conditions, IDFC Bank Limited shall have borrowers) registration on the national do not call registry.
no liability to the Borrowers in respect of any loss or damage arising directly or 27. The Borrower hereby expressly acknowledges and confirms that the Borrower
indirectly out of: has read, verified, understood, irrevocably agreed to and accepted and delivered all
(a) Any defect in any Product supplied; the terms and conditions contained in Clauses 1 to 33 (including sub clauses),
(b) Delay in delivery or non-receipt of Product purchased; schedule of charges, Standing Instruction (collectively, “Loan Documents") online
(c) Acts done by IDFC FIRST Bank Limited on the instruction of any person by ticking / clicking /checking the "I agree" or "I agree and accept" or any similar
impersonating himself/herself as a Borrower; icon/tab/option on the online system / Website / portal / platform of Merchant/ its
(d) The exercise by IDFC FIRST Bank Limited of its right to terminate the agent/service provider as well as by entering the one time password ("OTP")
Facility; or provided to the Borrower's mobile number registered with the Bank, and that there
is no requirement of Borrower's any other signature or physical signature on the
(e) Any injury to the credit character and reputation of the Borrower alleged
Loan Documents or of the Borrower signing the Loan Documents in physical
to have been caused by the termination of the Facility and/or the refusal of any
form.
Dealer to honor the Facility.
The Borrower also acknowledges that the execution of the agreement would be
(f) Delay in payment by Payment Aggregator.
complete only once the same is accepted by the Bank.The Bank also does not
23.3 IDFC FIRST Bank Limited holds out no warranty or makes no
require to sign the Loan Documents in any physical form. The Bank shall be
representation about quality, delivery or otherwise of the Product and or polices .
deemed to have accepted and signed this document online by way of sending an
23.4 Notwithstanding anything to the contrary contained herein or under any email/ letter through its officer to the Borrower and attaching therewith the copy of
other transaction documents, the provisions of this clause (Exclusion of Liability) this document.
shall survive the termination of the Facility. d) Product shall mean consumer durables and/or other products and/ or
23.5 The Borrower acknowledges that the Application Form and the Terms services, including but not limited to any extended warranty on consumer durables
and Conditions give rise to a debtor-creditor relationship between the Borrower and/or other products, as approved by IDFC FIRST Bank Limited, which is
and IDFC FIRST Bank Limited, and there is no service that is being provided by purchased and /or availed by the Borrower.
IDFC FIRST Bank Limited to the Borrower. Further the parties understands that e) The Borrower agrees that IDFC FIRST Bank Limited by provided the
the provisions of the Consumer Protection Act, 1986 shall not apply to the facility to the borrower creates a relationship of debtor and creditor between the
Application Form read with the Terms and Conditions borrower and the Bank. Bank shall under no circumstances be regarded as a
23.6 Borrower is aware that insurance is non-mandatory and offered only to service provider in relation to the Product.
customer who voluntarily choose to opt for the same and in case if the loan is f) In no event shall the Bank be liable to the Borrower for any special,
cancelled, the insurance policy will also get cancelled automatically and the incidental, indirect, punitive or consequential damages whatsoever(including
certificate of insurance (if received/issued) will remain cancelled/revoked. without limitation, damages of loss of goods or services or any other pecuniary
24. The Borrower understands and agrees that the Red Flagged Account is loss) arising out of the use of, or inability to use or access the Facility or for any
one where suspicion of fraudulent activity is thrown up by the presence of one or security breach or technical malfunctioning of the Bank's systems, including
more Early Warning Signals (EWS) indicators (as defined in relevant RBI breach of contract or warranty, negligence or other tortious action, or any other
circulars from time to time), alerting / triggering deeper investigation from claim arising out , the Borrowers use of or access to the facility.
potential fraud angle and initiating preventive measures by the banks. g) For the purpose of stamp duty, any writing on a stamp paper or franked
page associating the stamp paper or such franked page with this document will be
as good as making the stamp paper/franked page an integral part of this document.

PARVEEN KUMAR
Authorised Signatory
IDFC FIRST BANK

21/26
ACCEPTANCE

I, the Borrower, acknowledge that I have read/ fully explained and understood all the T & C and hereby agree, accept
and undertake to abide by the same and the copy of T & C is received.

Date: 21/04/2025

Time Stamp: 19:14 PM

Name of Borrower: Vijay Kumar

IDFC FIRST Bank Limited (formerly IDFC Bank Limited)

Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 22 2654 0354
Registered Office: KRM Towers, 7th Floor, No. 1, Harrington Road, Chetpet,
Chennai 600031. Tel: +91 44 4564 40.00 Fax: +91 44 4564 4022
CIN: L65110TN2Q14PLC097792 | [email protected] | www.idfcfirstbank.com

22/26
 Key Facts Statement Annex A
Part 1 (Interest rate and fees/charges)

1 Loan proposal/ account No. 101055039873 Type of Loan Consumer Durable Loan

2 Sanctioned Loan amount (in Rupees)1 18999.00

Disbursal schedule
(i) Disbursement in stages or 100% upfront. (i) 100% upfront
3
(ii) If it is stage wise, mention the clause of loan (ii) -
agreement having relevant details
4 Loan term (year/months/days) 8 months (gross)
5 Installment details
Type of installments Number of EPIs EPI ( ) Commencement of repayment, post sanction2

Monthly 6 2518 06/03/2025

6 Interest rate (%) and type (fixed or floating or hybrid) 30.01% (Fixed)
7 Additional Information in case of Floating rate of interest
Impact of change in the reference
Reset periodicity
Reference Benchmark rate Final rate (%) benchmark
Spread (%) (S) (Months)
Benchmark (%) (B) R = (B) + (S) (for 25 bps change in ‘R’, change in: )
B S EPI ( ) No. of EPIs

- - - - - - - -
8 Fee/ Charges
Payable to the RE (A) Payable to a third party through RE (B)
Amount (in ) Amount (in )
One-time/ One-time/
or Percentage (%) as or Percentage (%)
Recurring Recurring
applicable as applicable
(i) Processing fees

(ii) Insurance charges

(iii) Valuation fees

(iv) Any other (please specify)

a) Facilitation fee One Time 95

Annual Percentage Rate APR (%) (APR is annualized percentage

interest rate, processing fees, other charges, and third-party products
9 27.42 %
(i.e., aggregate of charges payable to Bank and payable to third party)
for the credit facility availed.)
10 Details of Contingent Charges (in or %, as applicable)

23/26
 Upto 2% per month of the overdue
(i) Penal charges, if any, in case of delayed payment instalment or Rs.300 whichever is
higher

Refer ‘Schedule Of Charges' in Sanction

(ii) Other penal charges, if any
Letter

Upto 5% of principle outstanding

(iii) Foreclosure charges, if applicable
amount

(iv) Charges for switching of loans from floating to fixed rate and vice versa -

EBC & Push Card Annual Fee – Rs.99

(incl. gst) Tech Bounce Charges - Rs.
(v) Any other charges (please specify)
300 (excl. gst) Collection Charges –
Rs.350 (excl. gst)

Part 2 (Other qualitative information)

Clause of Loan agreement relating to engagement of

1 Clause 14.7
recovery agents
Clause of Loan agreement which details grievance
2 Clause 16.m
redressal mechanism
Phone number and email id of the nodal grievance
3 [email protected] 1800 209 9771
redressal officer
Whether the loan is, or in future maybe, subject to
4 Yes
transfer to other REs or securitisation (Yes/ No)
In case of lending under collaborative lending arrangements (e.g., co-lending/ outsourcing), following
5
additional details may be furnished:
Name of the originating RE, along with its Name of the partner RE along with its
Blended rate of interest
funding proportion proportion of funding

- - -

6 In case of digital loans, following specific disclosures may be furnished:

Cooling off/look-up period, in terms of RE’s board
(i) approved policy, during which borrower shall not be -
charged any penalty on prepayment of loan
Details of LSP acting as recovery agent and authorized
(ii) -
to approach the borrower

1. Sanction loan amount may include all optional third-party products (such as insurance) availed by the borrower which is funded by the Bank at the
request of the borrower.
2. If loan disbursal is between 1st to 18th of the month (M0), 1st EMI starts from immediate next month (M1), but if loan disbursal is after 18th of the
month (M0), then 1st EMI starts from subsequent to immediate next month (M2).

24/26
 Annex B
Illustration for computation of APR for Retail and MSME loans

Sr.
Parameter Details
No.
1 Sanctioned Loan amount ( ) 18999.00
2 Loan Term (in years/ months/ days) 8 months (gross)
No. of installments for payment of principal, in case of nonequated
a) -
periodic loans
i) Type of EPI i) Monthly
b) ii) Amount of each EPI ( ) ii) 2518
iii) Nos. of EPIs iii) 6
c) No. of installments for payment of capitalised interest, if any -
d) Commencement of repayments, post sanction Refer Annex A (5)
3 Interest rate type (fixed or floating or hybrid) Fixed
4 Rate of Interest (%) 30.01 %
Total Interest Amount to be charged during the entire tenor of the loan
5 1900.00
as per the rate prevailing on sanction date (including subvention) ( )
6 Fee/ Charges payable ( ) 95.00
A Payable to the RE ( ) 95.00
B Payable to third-party routed through RE ( ) 0.00
7 Net disbursed amount (1-6) ( ) 18904.00
8 Total amount to be paid by the borrower (1+5) ( ) 20899.00

Annual Percentage Rate (%) (APR is annualized percentage interest

rate, processing fees, other charges, and third-party products (i.e.,
9 27.42 %
aggregate of charges payable to Bank and payable to third party) for
the credit facility availed.)
10 Schedule of disbursement as per terms and conditions Detailed schedule to be provided
11 Due date of payment of installment and interest Refer annex A (5)

25/26
 Annex C
Illustrative Repayment Schedule under Equated Periodic Installment for the
loan illustrated in Annex B

Installment Outstanding Principal Interest Installment

No. Principal (in Rupees) (in Rupees) (in Rupees) (in Rupees)
1 13869 2171 347 2518
2 11698 2225 293 2518
3 9473 2281 237 2518
4 7192 2338 180 2518
5 4854 2397 121 2518
6 2457 2457 61 2518

1. Above mentioned repayment schedule is for illustrative purposes only. The final schedule for this transaction will be available post disbursal.
2. Disbursal date, loan tenor, EMI amount, pre-EMI amount (if applicable), insurance fee, processing fee, final annual percentage rate (APR) and net
disbursal amount shall be communicated at the time of disbursal.
3. Pre-EMI amount, if applicable, is computed from disbursal date till the commencement of the 1st EMI on pro-rata basis. This will be adjusted from 1st
EMI leading to reduced appropriation towards principal. Pre-EMI will have a minimal effect on APR.
4. EMI amount may change depending on the disbursal date.
5. EMI will be due between 2nd to 10th of every month.

26/26