Esign Complete

Stamp Duty ₹20 .
0 0
Certificate No. IN-TN78796281541387V
Account Ref. No. SHCIL01 (CR)/ tnshcil10/ Triplicane-SRO/ TN-CC
Issued Date 14-05-2023
Issued By SHCIL
State Tamil Nadu
Party Details
First Party CapFloat Financial Services Pvt Ltd
Second Party Poonawalla Fincorp Ltd and Indra Jeet K
Stamp Duty Paid By CapFloat Financial Services Pvt Ltd
Purchased By CapFloat Financial Services Pvt Ltd
Document Type Article 5 Agreement
Description Loan Agreement
Additional Details
Consideration Amount ₹60000 .0 0
Document Reference
6d2902ebf874a8e9
No.
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Th e au t h en t ic it y of t h e S t am p p ap er as p u rc h ased b y you sh ou ld b e
verified at www.sh c ilest am p .c om An y d isc rep an c y in t h e d et ails in t h is
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st am p p ap ers vest s on t h e u sers of t h e c ert ific at e.
SHYAM VIJAY PILLAI Indra Jeet Kushwaha

Digital Aadhaar
Byrappa G Digital
15 May 2023 at 15:36:40 IST (UTC+05:30) 15 May 2023 at 09:38:27 IST (UTC+05:30) 15 May 2023 at 10:48:38 IST (UTC+05:30)
Signature eSign Signature
Stamp Ref No: IN-TN78796281541387V
Key fact statement/fact sheet

Date: 14-05-2023
Applicant Name: INDRA JEET KUSHWAHA
Name of Regulated Entities: Capfloat Financial Services Private Limited (Operating under the brand axio)
and Poonawalla Fincorp Limited (Formerly known as Magma Fincorp Limited) (PFL)
Sl
Name Details
No.
1 Loan Amount ₹60000.0
2 Total interest charged during the entire tenure of the loan ₹16185.01
3 Other up-front charges ₹2335.6
a. Processing Fee, if any ₹1416.0
b. Insurance Charges, if any N/A
c. Pre EMI ₹919.61
4 Net disbursed amount (1 - 3) ₹57664.4
5 Total amount to be paid by the borrower (1 + 2 + 3) ₹78520.61
Annual Percentage Rate - Effective annualized interest rate (in percentage and reducing balance
6
method) 27.73%2
7 Rate of Interest, (charged per annum, reducing) 25.08%
8 Tenure of the Loan (in months/days) 23 months
9 Repayment frequency by the borrower Monthly

10 Number of installments of repayment 23
11 Amount of each installment of repayment ₹3312.39
Details about contingent charges
Late fee charges:
12 Additional interest rate of 24 % per annum over and above ROI agreed will be levied in case of delay in
payment of principal and/or interest.
Bounce Charges
13 A bounce charge of ₹500 will be charged per EMI cycle in case of bounce of auto-debit of EMIs via auto
repayment mode setup.
axio is the trade name of C apFloat Financial Services P rivate Limited 1 of 27

No.136, Shyamala Towers, 6th Floor, East Wing,Arcot Road, Saligramam, C hennai-600093, Tamilnadu
SHYAM VIJAY PILLAI Indra

Registered office at, New Jeet
No. 3 Kushwaha
(Old No. 211) Gokaldas P latinum, Upper P alace Orchards, Bellary Road, Sadashivnagar, Bangalore Karnataka - 560080
Digital Aadhaar
Byrappa G
C all: 080 6807 5001 | Email: ask@ axio.co.in Digital
To be stamped appropriately as per stamp duty act applicable on the execution date of this agreement and party/parties paying the stamp duty should mention the acknowledgement
details in Schedule I of this agreement.
Other Disclosures
Cooling off period during which borrower shall not be charged any penalty on prepayment of loan 30
14
other than the APR3 days
Details of recovery agent and authorized to approach the borrower:
Entity Name: Capfloat Financial Services Private Limited (Operating under the brand axio)
15
Contact No: 080-68075001
Email ID: ask@axio.co.in
Designated Grievance Redressal Officer of Capfloat Financial Services Private Limited (Operating
under the brand axio) to deal with digital lending related complaints / issues:
Name: Saiteja Panuganti
Office Address: New No. 3 (Old No. 211), Gokaldas Platinum, Upper Palace Orchards, Bellary Road,
Sadashiva Nagar, Bengaluru,Karnataka 560080
Telephone/Mobile: 080-68075001
Email ID: customersuccess@axio.co.in
Designated Grievance Redressal Officer / Principal Nodal Officer of Poonawalla Fincorp Limited
(Formerly known as Magma Fincorp Limited) to deal with digital lending related complaints /
issues:
Name: Arnab Das
Designation: Principal Nodal Officer and Grievances Redressal Officer
16
Contact no: 020-67808090
Email: arnab.das1@poonawallafincorp.com and headcustomerservice@poonawallafincorp.com
Address: 201 and 202, 2nd floor, AP81, Koregaon Park Annex, Mundhwa, Pune 411036
In case of any query/ grievance, you will have option to reach PFL's representatives as per the Query
Resolution Process mentioned below:
Customer may refer the Grievance Redressal Mechanism as set out in the Grievance Redressal Policy at the
below link for redressal of their grievances:
URL: https://poonawallafincorp.com/pdf/Grievance-Redressal-Policy.pdf
For details of Principal Nodal Officer(s)/Nodal Officer(s) along with salient features of the Scheme of
Ombudsman, customer may refer the below link available on the Website of the Company:
URL https://poonawallafincorp.com/pdf/Nodal-Officer-and-Principal-Nodal-Officer.pdf
1Pleasenote that Pre EMI charged upfront is calculated as on today. This amount will vary based on the
disbursement date.
2APR is the effective annualized rate charged to the borrower of a digital loan. APR is based on an all-inclusive cost
and margin including cost of funds, credit cost and operating cost, processing fee, verification charges,
maintenance charges, etc., and excludes contingent charges like penal charges, late payment charges, etc.
3A cooling off/look-up period is the time window which is given to borrowers for existing digital loans, in case a
borrower decides not to continue with the loan.


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Annexure 1
Detailed Repayment Schedule
Installment No. Outstanding Amount (₹) Principal (₹) Interest (₹) Installment (₹)
1 60000 2058.39 1254 3312.39
2 57941.61 2101.41 1210.98 3312.39
3 55840.2 2145.33 1167.06 3312.39
4 53694.87 2190.17 1122.22 3312.39
5 51504.7 2235.94 1076.45 3312.39
6 49268.76 2282.67 1029.72 3312.39
7 46986.09 2330.38 982.01 3312.39
8 44655.71 2379.09 933.3 3312.39
9 42276.62 2428.81 883.58 3312.39
10 39847.81 2479.57 832.82 3312.39
11 37368.24 2531.39 781 3312.39
12 34836.85 2584.3 728.09 3312.39
13 32252.55 2638.31 674.08 3312.39
14 29614.24 2693.45 618.94 3312.39
15 26920.79 2749.75 562.64 3312.39
16 24171.04 2807.22 505.17 3312.39
17 21363.82 2865.89 446.5 3312.39
18 18497.93 2925.78 386.61 3312.39
19 15572.15 2986.93 325.46 3312.39
20 12585.22 3049.36 263.03 3312.39
21 9535.86 3113.09 199.3 3312.39
22 6422.77 3178.15 134.24 3312.39
23 3244.62 3244.58 67.81 3312.39


No. 3 Kushwaha
Digital Aadhaar
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Date: 14-05-2023
Reference number: VACAFLT295327859829
To,
INDRA JEET KUSHWAHA
SUBJECT - SANCTION LETTER
Dear Sir / Madam,
We are pleased to inform that you are eligible for a Personal Loan facility from us as per following terms:
1 Loan application date : 14-05-2023

2 Details of Borrower : INDRA JEET KUSHWAHA
3 Validity period of this offer : 30 days from loan application date
Lender 1: Capfloat Financial Services Private
Limited
4 Lenders : Lender 2: Poonawalla Fincorp Limited (Formerly

known as Magma Fincorp Limited) (PFL)
(Collectively, "Lenders")
5 Loan amount sanctioned : ₹60000.0

6 Pre-EMI Component : As per disbursal date
7 Term : 23 months
8 Rate of Interest : 25.08% p.a, Reducing
9 Processing fee : 2.0% + GST @18%
As per repayment schedule shared at the time of
10 Repayment : disbursal
11 Monthly Installment Amount : ₹3312.39

0% if loan closed before 180 days OR 0% if closed
12 Prepayment charges :
after 180 days
₹500 per dishonor of Cheque / ECS / NACH / DOM
13 Cheques / ECS dishonor charges :
or SI
14 Other charges : NA
Post completion of the document you will be
15 Loan Disbursement :
eligible for the loan.


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** Note: The dates are indicative and may change depending upon the actual date of disbursement.
The terms of this loan sanction shall also be governed by General Terms and Conditions, copies of which is also
available on our website: https://axio.co.in/terms-conditions, which you may kindly read before confirming your
acceptance. The said documents are incorporated here. The Borrower's acceptance to the terms of this letter and
understanding of the General Terms and Conditions should be informed to the Lender via email. Further, each of the
Borrower shall be jointly and severally responsible for compliance to the terms of this loan sanction and for
repayment of the loan amount disbursed.
This sanction letter will only be a letter of offer and shall stand revoked and cancelled, if there are any material
changes in the proposal for which the Loan is sanctioned or; If any event occurs which, in our sole opinion is
prejudicial to our interest or is likely to affect the financial condition of the Borrower or his I her/ their ability to
perform any obligations under the loan or; any statement made in the loan application or representation made is
found to be incorrect or untrue or material fact has concealed or; upon completion of the validity period of this offer
unless extended by us in writing.
We value your relationship with us and assure you of our best services always.
Best Regards,
axio Team.


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PERSONAL LOAN AGREEMENT

This PERSONAL LOAN AGREEMENT("Agreement") entered on the date, at the place and among the parties set out
in Schedule I (Details of the Parties).
WHEREAS
A. The Parties are desirous of entering into an arrangement whereby:

1. CAPFLOAT FINANCIAL SERVICES PRIVATE LIMITED (Formerly Zen Lefin Private Limited), a
company incorporated under the Companies Act, 1956, registered as a non-deposit taking, non-banking
financial company with the Reserve Bank of India having its registered office at New No. 3 (Old No. 211)
Gokaldas Platinum, Upper Palace Orchards, Bellary Road, Sadashiva Nagar, Bangalore Karnataka 560080
India and principal place of business at, No.136, Shyamala Towers, 6th Floor, East Wing, Arcot Road,
Saligramam, Chennai - 600093, Tamilnadu. (hereinafter referred to as "Axio" which term shall include its
successors and assigns); and
2. POONAWALLA FINCORP LIMITED (Formerly, Magma Fincorp Limited), a company incorporated
under the Companies Act, 1956, registered as a non-deposit taking, non-banking financial company with
the Reserve Bank of India having its registered office 201 and 202, 2nd floor, AP81, Koregaon Park Annex,
Mundhwa, Pune - 411036, Maharashtra ((hereinafter referred to as "COLENDERS" which term shall include
its successors and assigns)
(axio and COLENDERS are collectively referred to as "Lenders" and individually as a "Lender") shall provide a
Financial Facility to the Borrower for the personal needs / use of the Borrower as declared in Schedule II.
B. Now the Parties to the Agreement have agreed to the following terms and conditions for disbursement / availing
of the Loan.
1. FACILITY
1. Facility
Lenders, at the request of the Borrower agrees to lend to the Borrower, and the Borrower agrees to borrow
from Lenders, the Facility is to the extent of the Overall Limit during the Availability Period on the basis of and
subject to the conditions, terms and covenants set out in this Agreement and the Schedules, including but not
limited to Schedule II (Terms of the Facility).
2. Purpose
The Borrower agrees and acknowledges that he/she shall apply the proceeds of disbursement towards the
End Use as declared in Schedule II. The key terms of the Facility are set out in Schedule II (Terms of the
Facility). If in the opinion of the Lenders (which opinion shall be binding and conclusive against the Borrower(s))
the Facility is not used for the Purpose (provided that the Lenders shall not be bound to enquire as to, or be
responsible for, the use or application of any funds advanced under the Facility), the Lenders shall have the
right to declare it as an Event of Default.
2. TERMS OF DISBURSEMENT
1. Availability
The Borrower shall be entitled to request a disbursement of the Facility Amount for each Facility in multiple
tranches (each, a "Loan") during the Availability Period subject to the Borrower complying with the provisions
of this Agreement and to the satisfaction of Lenders.
2. Mode of Disbursement
All payments to be made by the Lenders to the Borrower(s) under or in terms of this Agreement shall be made
as per the disbursement details mentioned in this agreement or as per request of the Borrower(s) by National
Electronic Funds Transfer (NEFT) / Real Time Gross Settlement (RTGS)/Cheque/s duly crossed and marked "A/c
Payee Only" or such other manner as per discretion of the Lenders and the collection Charges, if any, in
respect of such NEFT/ RTGS/cheque(s)/such other instruments will have to be borne by the Borrower(s) and
the Interest on the Facility will begin to accrue in favor of the Lenders from the date of deposit

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/delivery/dispatch of such NEFT/RTGS/cheque/ such other instruments irrespective of the time taken for transit
or for collection/realization.
3. DISBURSMENT AND CONDITIONS
1. The Borrower(s) shall ensure or ensure to inform the lenders of the following before making any request for
the Disbursement:
a. no actual/potential Event of Default has occurred, is in existence and/or is continuing;
b. all the representations and warranties are correct, complete and are in full force and effect;
c. all Conditions Precedent have been fulfilled;
d. the Borrower(s) is in compliance with the terms and conditions of the Financing Documents;
e. post disbursal conditions with respect to the previous Disbursement/s have been met (if any).
2. Notwithstanding any other provision hereof, the Lenders, may at its sole discretion, cancel first or any
further/subsequent disbursement of the Facility if, in the reasonable opinion of the Lenders:
a. any representation and/or warranty is not correct, complete or is not in full force and effect;
b. any event has occurred/is continuing, which has/could result in a material adverse effect or constitute a
Market Disruption Event; or
c. an Applicable Law restrains, prevents, or imposes adverse conditions upon the transactions
contemplated by the Financing Documents.
3. The fulfilment or satisfaction of any Condition Precedent may be waived or deferred in writing by the Lenders,
at its sole discretion, following a written request from the Borrower(s) setting out:
a. the Condition Precedent in respect of which the Borrower(s) seeks a waiver/deferment, and
b. the reasons for seeking such waiver/deferment.
4. The Borrower(s) shall promptly give a written notice to the Lender of the satisfaction of the Conditions
Precedent along with documentary evidence of such satisfaction by issuance of a Conditions Precedent
satisfaction notice and if it becomes aware of any event/circumstance which will/may prevent such
satisfaction, it shall forthwith notify the Lender in writing.
5. Right to Refuse Disbursement
Notwithstanding anything contained in this Agreement, Lenders shall at its/their sole and absolute discretion
refuse disbursement of the Facility / Loan or any part thereof as per disbursement request made by the
Borrower(s) to the Lenders any time during the Tenor of Facility.
6. Cooling Off Period
Cooling Off Period shall mean the period of time indicated as such in the Key Facts Statement (KFS). During the
Cooling-Off period, the Borrower can exit the Loan by paying the principal and the proportionate Annual
Percentage Rate without any penalty, such notice shall be effective from the time it is received by the Lenders.
If there is more than one Borrower, the Lenders shall treat a written notice by any one of the Borrower(s) as a
notice by all Borrower(s).
4. CONDITIONS PRECEDENT
Conditions Precedent to the Loan
1. The disbursement of the Loan shall be subject to the fulfillment of the conditions set forth in a manner
satisfactory to Lenders
a. Receipt of all approval of third parties, including creditors of the Borrower for availing any of Loan on
the terms and conditions as contained in this Agreement;
b. Completion of the due diligence and the Know Your Customer checks on the Borrower by Lenders;
c. To provide Lenders with the Bank Account details of the Borrower for the Purpose of Repayment of


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the Loan / EMI as and when demanded by Lenders;

d. Issuance and delivery of cheques/NACH/DDM/SI for Repayment of the Loan in the manner set out in
the Schedule III;
e. Any other condition as may be stipulated by Lenders including completion of the due diligence and
"Know Your Customer" checks on the Borrower by Lenders.
f. The Borrower is at least 21 years of age and has an annual household income greater than INR 3 lacs.
2. The Borrower(s) shall meet the minimum creditworthiness requirements as may be specified by Lenders.
For this Purpose, the Borrower(s) will provide all the information and assistance required by the Lender so
that the Lender may conduct any inquiries, as deemed fit and proper in the Lender's sole discretion, in this
regard.
3. No Event of Default has occurred or is likely to occur.
4. The Borrower(s) shall have satisfied the Lenders about the (i) utilization of the proceeds of any prior
disbursement and (ii) proposed utilization of the proceeds of the Disbursement after the sanction of
Facility, within the time frame specified by Lenders, along with the request for release of part of the funds
needed by the Borrower(s) for the Purpose.
5. The Borrower(s)/ shall satisfy the Lenders to the effect that there is no action, suit, proceeding or
investigation pending or threatened by or against the Borrower(s), before any court of law or
Governmental Authority or any other competent authority which might have material adverse effect on
affairs of the Borrower(s)
5. INTEREST
1. Interest
The Borrower shall be liable to pay the Interest with respect to principal amount of the Facility outstanding on
all fees, Costs, commissions, Charges, and other amounts due under or in respect of this Agreement at the
Applicable Interest Rate. Provided that, the Borrower shall jointly and severally be liable to pay any further
amounts that become due towards Interest.
2. Additional Interest
If the Borrower fails to pay any amount payable by it under this Agreement on its Due Date, Additional Interest
shall accrue on a daily basis on such amount from the Due Date or Repayment Date, as applicable, up to the
date of actual payment and shall be liable for payment on demand by Lender. The Additional Interest payable
during and after the Extended Period shall be as set out in Schedule II (Terms of Facility) of this Agreement.
The Lenders' right to claim such Additional Interest shall be without prejudice to the Lenders'
right to take any other action available to it under the terms of this Agreement or at law in
respect of such event of default.
3. General
The Borrower acknowledges that any sums, Interest, fees or premium, default amounts including the
Additional Interest, are: (i) reasonable and that they represent genuine pre-estimates of the loss incurred by
the Lenders in the respective events of non-compliance by the Borrower and are not penal in nature, and (ii)
exclusive of all Taxes and statutory payments (each of which shall be to the account of the Borrower).
4. Change in Interest
The Borrower(s) waives any right it may have to raise any claim or defense that such payment is in the nature
of a penalty and undertakes not to raise such claim or defense.
6. REPAYMENT
1. Repayment
The Borrower shall be liable to repay the Loan in accordance with the Repayment Schedule as attached to this
Loan Agreement in Schedule III and as amended from time and communicated to the borrower.

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2. CHEQUE / NACH / DDM / SI

1. The Borrower covenants with Lenders that it shall simultaneously with the execution of this Agreement
issue to Lender, Post Dated Cheques and / or NACH / e-NACH / DDM / SI / UPI / UPI Autopay confirmation
or any other mode as may be specified by the lenders, for Repayment of the relevant Repayment
Installment and the Interest thereon and deliver the same to the Lenders in a form and manner
satisfactory to the Lenders.
2. The Borrower confirms and acknowledges that the Facility is being extended on the basis of the Post-
Dated Cheques and / or NACH / e-NACH / Standing Instruction / Direct Debit Mandate / Unified Payments
Interface / UPI Autopay or any other mode as may be specified by the lenders.
3. The Lenders shall be entitled to present & encash, the corresponding Post-Dated Cheques and / or NACH
/ e-NACH / Standing Instruction / Direct Debit Mandate / UPI / UPI Autopay or any other form of debit
allowed by the bank, on each Repayment Date in accordance with the Repayment Schedule towards the
repayment of the corresponding Repayment Installment of the Facility or until realization of the
Outstanding dues of the borrower.
4. Upon encashment of the Post-Dated Cheques and / or NACH / e-NACH/ Standing Instruction / Direct
Debit Mandate / UPI / UPI Autopay or any other form of debit allowed by the bank on the relevant
Repayment Date and the Repayment of all outstanding due as on the relevant Repayment Date, the
balance Receivables standing to the credit of the Designated/Virtual Account as on the Repayment Date,
shall be transferred to the account specified by the Borrower for deposit of such Receivables.
5. The Borrower(s) shall pay all Costs, Charges, and expenses of the Lenders promptly as and when
required to do so by the Lenders.
6. The Lenders shall be under no obligation to provide the Borrower(s), with any notice, reminder or other
intimation to the Borrower(s), regarding its/their obligation to pay the amount(s) payable under this
Agreement, and it shall be entirely their responsibility to ensure prompt and regular payment of the
amount(s) payable by the Borrower(s) to the Lenders as and when due and in the manner provided
herein.
7. The Borrower(s) hereby acknowledges that the Lenders shall have the right to initiate or take necessary
legal action against the Borrower(s), in case of dishonor/bouncing of any Repayment Instrument/Security
Repayment Instrument on account of insufficient funds/ non-maintenance of balance in the bank account
etc., in addition to the levy of such Charges by way of penalty and other additional levies, as specified in
the Agreement or Sanction Letter or as the Lender may deem fit from time to time.
8. If it becomes unlawful in any applicable jurisdiction for the Lenders to perform any of its obligations as
contemplated by this Agreement or to fund or maintain or continue any Facility, the Lenders shall
promptly notify the Borrower(s) upon becoming aware of that event and:
a. the Lenders shall not thereafter be obliged to make an advance hereunder; and
b. the Lenders shall be entitled to call in the entire Outstanding Amounts forthwith and the Borrower(s)
shall on such date as the Lenders may specify, without demur or dispute whatsoever, repay the
Outstanding Amount owing to the Lenders in respect of the Facility.
3. Appropriation
Any amounts due and payable by the Borrower under this Agreement shall be appropriated by Lenders
towards such dues in the following order:
a. firstly, interest on fees, costs, charges, expenses, premiums and other monies due and payable to
Lenders;
b. secondly, fees, costs, charges, expenses and other monies due and payable to Lenders;
c. thirdly, Additional Interest under Clause 4.2 (Additional Interest);
d. fourthly, Interest, if any; and


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e. fifthly, Repayment Installments.

4. On Demand Facility
If the amounts that are due by the Borrower and are not deposited in the relevant Designated Account on or
before the relevant Due Date, Lenders shall have the right to seek full and final Repayment of the Outstanding
Amount on demand from the Borrower (who shall immediately make such payments), with the payment of
Additional Interest.
5. Payment Default
If Lenders do not receive any amounts due, on or before the Due Date, the Borrower shall be deemed to have
committed an Event of Default under 11 (Events of Default), and the Borrower shall pay, the Additional
Interest, from the Due Date till the date on which actual payment of the said amount is made.
6. Obligation to Ensure Payments
Any and all disputes between the Parties in relation to or arising out of this Agreement shall not affect the
Borrower's obligation to ensure payment to and receipt by Lenders of amounts due and payable under this
Agreement, from time to time.
7. Payment Settlement
Any and all payments contemplated under this Agreement shall be made through the National Electronics Fund
Transfer (NEFT) / Real Time Gross Settlement (RTGS) or NACH / e-NACH / DDM / SI / Unified Payments
Interface (UPI) / UPI Autopay or any other system of fund transfer as desired by Lenders.
8. Prepayment
Unless otherwise specified in Schedule II (Terms of the Facility), the Borrower shall be entitled to prepay the
Loan or any part of the Loan prior to the relevant Repayment Date by paying the Prepayment Charges to
Lenders, subject to compliance of the conditions as stipulated in the Sanction Letter or Schedule of this
Agreement.
7. FEES
Lender shall be entitled to receive the non-refundable Processing Fees towards processing of each Loan and
Costs from the Borrower in accordance with the fee letter agreed between the Borrower and the Lenders.
The Processing Fee shall be paid at the time of disbursement of the Facility itself for which Purpose, the
Borrower(s) hereby authorizes the Lenders to adjust the Processing Fee from the proceeds of the
disbursement. The Processing Fee is non-refundable fee and independent of disbursement/cancellation of the
Facility;
All stamp duty, Taxes, Charges and penalties on any Financing Documents if and when the Borrower(s) may be
required to pay the same according to the Applicable Law.
8. OUTSOURCING BY LENDERS
The Parties acknowledge and agree that the Lenders shall have the right to engage, at any time and from time to
time, the services of third parties for the Purpose of collection / recovery of any and all amounts outstanding
and due and payable to the Lenders under the terms of this Agreement or performing the obligations prescribed
under this Agreement, at the cost of the Borrower.
9. REPRESENTATIONS AND WARRANTIES
The Borrower make the representations and warranties set out in this Clause 8 to Lenders on the date of this
Agreement and on each Repetition Date (by reference to the facts and circumstances then existing on each
Repetition Date).
1. Status
a. The Borrower is a resident and Citizen of India and has the power, competence and financial solvency to
execute this Agreement and perform his/her/its obligations under this Agreement.

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b. The Borrower hereby represents that the financial facility obtained is for personal use only and that the
same shall not be used for any unlawful activities.
c. The provisions of these Terms and Conditions, when accepted, will constitute, legal, valid and binding
obligations on the borrower that will be enforceable in accordance with their respective terms.
2. Non-conflict with other obligations
The entry into this Agreement by the Borrower, and the performance of the transactions contemplated by this
Agreement by the Borrower, do not and will not conflict with:
a. any Applicable Law; or
b. any agreement or instrument binding upon it or any of its assets, nor will result in the existence of, or
oblige it to create, any security over any of its assets.
3. Power and Authority
The Borrower has the power to enter into, perform and deliver, and has taken all necessary action to authorize
his/her/its entry into, performance and delivery of, this Agreement and the transactions contemplated here
under.
4. No default or misleading information
a. No Event of Default is continuing or might be expected to result from the making of any Disbursement.
b. No other event or circumstance is outstanding which constitutes or shall constitute a default under any
other agreement or instrument which is binding on the Borrower or to which the assets of the Borrower
is/are subject to and which might have a material adverse effect on the Borrower.
c. All factual information contained in, provided by the Borrower in connection with the Loan or this
Agreement is true, complete and accurate in all respects as at the date it was provided or as at the date
(if any) at which it is stated and is not misleading in any respect.
d. The Borrower agrees and confirms that there is no change in the information, in the KYC, if any, available
with Axio and the same can be used by the lenders for this facility.
e. Neither the Borrower(s), nor any Person acting on its behalf, has been engaged in (a) any corrupt/
fraudulent practices/ collusive/ coercive practices in connection with the Borrower(s) business or
operations; or (b) money laundering; or (c) the financing of terrorism;
f. The Borrower(s) will not seek to claim or recover from Lenders on any grounds whatsoever and/or in any
circumstances whatsoever, any purported damages or compensation, direct, indirect or consequential,
for any acts or actions whatsoever of Lenders hereunder and/or in respect of the Facility, taken or
omitted by Lenders in terms hereof and/or pursuant hereto and/or the Borrower(s) hereby expressly
waives any right to seek or make any such claim or recovery on any ground whatsoever;
5. No proceedings pending or threatened
Borrower hereby confirms that there has been No litigation, arbitration, investigative or administrative
proceedings of or before any court, arbitral body or agency or proceedings started or threatened against the
Borrower.
6. No immunity
Neither the Borrower nor any of his/her/its assets is/are entitled to immunity from suit, execution, attachment
or other legal process in India.
7. Relating to Money Lenders
a. The Borrower is not from any "Scheduled Area" and is not a member of any scheduled tribe and hence
the money lenders regulations applicable to such areas and to members of scheduled tribes are not
applicable to him/her/it; and
b. Borrower is not a farmer.


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c. The transaction entered into between Lenders and the Borrowers under this agreement is not an
advance and purely a loan.
d. No Borrower is a director or relative of any director or Senior Officer in the Lenders' organisation, and no
partner or member or trustee of the Lenders' organisation holds substantial interest in the Borrower. No
Relative (as specified by RBI) of a Chairman/Managing Director or Director of Lender's organisation or a
relative of senior officer (as specified by RBI) of Lender's organisation holds substantial interest or is
interested as a guarantor of the Borrower.
8. Insurances
a. All insurances which are required to be maintained or effected by the Borrower are in full force and effect
and no event or circumstance has occurred, nor has there been any omission to disclose a fact, which
would in either case entitle any insurer to avoid or otherwise reduce its liability under any policy relating to
the insurances.
b. The pre-EMI Interest (including the post disbursal until Loan start period), insurance premium,
documentation Charges (if any) transaction/processing charges, and/or any other Charges under or in
connection with the Loan will be deducted from the Loan and only the net amount of the Loan after
deduction of such fees/premium and/or Charges shall be disbursed to the Borrower Designated Account
as mentioned in Annexure - I.
9. Ranking
The Borrower's payment obligations under this Agreement are at least pari passu with the claims of all its other
unsecured creditors (both present and future), except for obligations mandatorily preferred by Applicable Law.
10. COVENANTS
The undertakings and covenants in this Clause 9, (as applicable) remain in force from the date of this Agreement
for so long as any amount remains outstanding under this Agreement.
1. Positive Covenants
The Borrower covenants and undertakes that, during the entire term of the Agreement:
a. End Use
The Borrower shall utilize the Facility Amount only for the End Use as covenanted herein and for no other
purpose whatsoever.
b. Payment Obligations
The Borrower shall ensure payment of the Loans and Interest and all monies owing to the Lenders under
this Agreement, according to the terms hereof. The Borrower shall be liable to repay the entire Loan
amount along with applicable Interest, Additional Interest, late payment fees, overdue Charges, penalties
etc., without claiming any deviation. irrespective of the fact whether the Purpose for which the Loan
facility so availed by the Borrower is/are being successful or unsuccessful.
c. Information Covenants
The Borrower shall promptly inform Lenders of:
i. Any litigation, arbitration or other proceedings which may affect the Borrower, forthwith upon the
same being instituted or threatened by any person whatsoever including if making a claim for money
against the Borrower, or enforcing against the Borrower any guarantee or indemnity given by the
Borrower;
ii. Occurrence of any Event of Default or of the occurrence of an event which, with the passage of
time or the giving of notice would become an Event of Default, and also, where applicable, of the
steps being taken to remedy the same, and will, from time to time, if so requested by Lenders,
confirm to Lenders in writing that save as otherwise stated in such information, no default has
occurred and/or is continuing;


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iii. Any change in particulars of the Borrower, inter alia, change in office addresses, email address and
telephone number;
iv. Any distress or other process of court being taken against the Borrower's premises and/or property
and/or assets; and
d. Taxes
The Borrower shall bear and pay all Taxes , all other imposts, duties (including any stamp duty and
relevant registration and filing Charges payable, if applicable) (of any description whatsoever) as may be
levied from time to time by any governmental authority in accordance with the Applicable Law or other
authority in respect of or in connection with the Loan. The Borrower shall also pay all Costs, Charges,
fees, expenses in any way incurred by the Lenders, and such stamp duty, other duties, Taxes, Charges
and penalties if and when the Borrower is required to pay according to the Applicable Laws. In the event
of the Borrower failing to pay the monies referred to above, the same shall constitute an Event of Default.
e. Access to Borrower Information
a. The Borrower has also given to the Lenders the unconditional and irrevocable consent to access the
Borrower's credit information and such other information, financial or otherwise, as required from
time to time;
b. The Borrower shall provide all necessary co-operation and assistance to the Lenders, as may be
requested from time to time, for retrieving any information that the Lender may require from any
governmental authority or otherwise;
c. The Borrower hereby agrees, confirms and undertakes that:
i. The Lenders shall, as deemed appropriate and necessary, be entitled to disclose all or any: (A)
information and data relating to the Borrower; (B) information or data relating to the Loan,
Agreement or any other credit facility(ies) availed / to be availed by the Borrower; (C)
obligations assumed / to be assumed by the Lenders in relation to the Loan; (D) default, if any,
committed by the Borrower in discharge of the aforesaid obligations, to any agency/credit
bureau (the "Agency") authorised in this behalf by RBI, to affiliates/ Financial Institutions,
Statutory Bodies/ Reserve Bank of India or any other regulatory authority(ies);
ii. The Agency so authorised may use, process the aforesaid information and data disclosed by
the Lenders in the manner as deemed fit by it; and
iii. The Agency so authorised may furnish for consideration, the processed information and data
or products thereof prepared by it, to banks / financial institutions and other credit grantors or
registered users, as may be specified by RBI in this behalf.
2. Financial Covenants
The Borrower(s) covenants and undertakes that, so long as any part of the Facility is outstanding and until full
and final payment of all money owing hereunder, the Borrower(s) shall ensure that financial covenants under
this Agreement or as otherwise notified by Lenders from time to time, are met.
The Borrower shall not assign or transfer all or any of their rights, benefits or obligations and these Terms and
Conditions and/or in connection with the Loan without the prior written approval of the Lenders.
3. Negative Covenants
The Borrower covenants and undertakes that, during the entire term of the Agreement and so long as any
part of the Facility and/or all moneys owing hereunder is outstanding, the Borrower shall not without the prior
consent of the Lenders:
a. Do or omit to Do and not permit any act, matter or thing which would cause any of the representations
and warranties, under this Agreement, immediately prior to any disbursement of any of the Loan, to be
untrue, inaccurate, incapable of being performed or misleading and immediately notify the Lenders in
writing of any such fact or circumstance which might cause any of the representations and warranties
set forth in Clauses 8 (Representations and Warranties) and 9 (Covenants) to be untrue or misleading,


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incapable of being performed or of any material adverse effect which may occur in relation to the
Borrower.
b. The Borrower(s) further undertakes that in the event any information given by the borrower is found
false, the Lenders in their sole discretion may (i) refuse to advance/ further advance, and (ii) exercise its
right to recall the Loan facility, and the full Loan amount advanced, if any, with Interest and other Charges
shall become immediately recoverable by the Lenders.
11. BORROWER'S UNDERTAKINGS
The Borrower and his/her legal heirs, successors, executors, administrators hereby agrees that the sanction
terms and conditions shall be treated as part and parcel of this Agreement. In consideration of the Lenders
agreeing to grant / disburse the Loan Amount agrees and undertakes that:
1. The Borrower hereby agrees to provide such documents as may be requested by the Lenders from time to
time;
2. The Borrower hereby agrees to keep each of the Lenders fully indemnified against all damage, loss, costs and
expenses arising out of breach of terms and conditions which is solely attributable to the Borrower;
3. The Borrower shall pay on demand and indemnify Lenders jointly and severally at all times against, any cost,
loss or liability that the Lenders and axio in relation to all stamp duty, registration and other similar Taxes and
levies payable in respect of this Agreement and any other agreement required to be executed pursuant to this
Agreement; The certificate of Costs, Charges, and expenses, as certified by Lenders shall be conclusive
evidence against the Borrower(s) for the amount due and payable under this clause.
4. The Borrower shall observe and perform the terms and conditions of this Agreement, and further agrees to
pay on demand (and without any demur or protest) the Outstanding Amounts or any monies due or which
become due and payable under this Agreement, either by way of outstanding instalments or damages, Costs,
fees or other amounts payable to the Lenders under this Agreement; and
5. Subject to Applicable Law, a notice of demand by axio (on behalf of the Lenders) to / against the Borrower
shall be the final and conclusive evidence that the Borrower has committed an Event of Default and that the
monies and the amounts claimed thereunder are due and payable by the Borrower to the Lenders.
12. EVENTS OF DEFAULT
1. The occurrence of any of the following events, or events similar thereto, shall each constitute an event of
default ("Events of Default"):
a. Non-Payment
The Borrower does not pay any amount payable pursuant this Agreement whether wholly or in part in
accordance with the terms of this Agreement on the Due Date of such amount and non-payment of
Costs, Charges, expenses incurred by the Lenders on behalf of the Borrower such as stamp duties,
penalties etc including dishonor of any Repayment Instrument/ security Repayment Instrument issued by
the Borrower(s).
b. General Default
The breach of, or omission to observe, or default by the Borrower in observing any of his/her/its
obligations, covenants, warranties, undertakings under this Agreement.
c. Misrepresentation
Any representation or statement made or deemed to be made by the Borrower in this Agreement or any
other document delivered by or on behalf of the Borrower under or in connection with the Agreement
being or being proven to have been incorrect or misleading when made or deemed to be made.
d. Cross Default
Any default by the Borrower, under any other agreement or other writing between the Borrower and the
Lenders, or writing of indebtedness of the Borrower, or in the performance of any covenant, term or
undertaking thereunder, or any indebtedness of the Borrower not being paid when due or any creditor of

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the Borrower becoming entitled to declare any indebtedness due and payable prior to the date on which it
would otherwise have become due or any guarantee or indemnity or collateral given or other support
agreement entered into by the Borrower not being honored when due and called upon.
e. Inability to pay debts
In the sole opinion of the Lenders, The Borrower is unable to pay his/her/its debts as they fall due and/or
commences negotiations with any one or more of his/her/its creditors with a view to the general
readjustment or rescheduling, in the light of financial difficulties or in contemplation of any default, Event
of Default or potential Event of Default under any agreement relating to the same (howsoever described),
of any indebtedness, and/or makes a general assignment for the benefit of or a composition with its
creditors and/or admits or is ordered to pay any liability and such liability is not paid when due (provided
that for the avoidance of doubt any reference in this sub-clause to any indebtedness shall not include any
indebtedness which is being bona fide disputed and in respect of which no court order has been made
against the Borrower to pay such indebtedness).
f. Non-payment of decretal amount
The Borrower fails to pay any amount under any Court order or decree or judgment against the
Borrower.
g. Levy of Execution or Distress
Any execution or distress is levied against, or an encumbrancer or other officer takes possession of the
whole or any part of the property, undertaking or assets of the Borrower or any encumbrance over the
whole or any part of the property, undertaking or assets of the Borrower becomes enforceable.
h. Insolvency
The Borrower takes any action or any legal action or proceedings are started or other steps taken for the
Borrower to be adjudicated or found insolvent or bankrupt.
i. Compulsory Acquisition
All or substantially all of the undertaking, assets or properties of the Borrower or its interests therein are
seized, nationalized, expropriated or compulsorily acquired by the authority of government.
j. Repudiation
The Borrower repudiates this Agreement or do or cause to be done any act or thing evidencing an
intention to repudiate this Agreement.
k. Material Adverse Effect
i. There occurs any event or situation, such as and including but not limited to such events or
situations having or likely to have any material adverse effect, as determined by Lenders, which in
the opinion of Lenders is prejudicial to the interests of Lenders or in the opinion of Lenders is likely
to affect the financial condition of the Borrower and/or its ability to perform all or any of its
obligations under this Agreement and/or otherwise in respect of any portion of the Facility and to
comply with any of the terms of this Agreement and/or for the Loan Amount; or
ii. The Borrower is or becomes a party to any litigation, arbitration, administrative or other action,
investigation by any governmental entity, claim, suit or proceedings which would have a material
adverse effect on the terms of this Agreement.
l. Further Events of Default
i. The Borrower misusing the Loan Amount or any part thereof, or using the Loan Amount or any part
thereof for any purpose other than for which the Loan Amount has been sanctioned by Lenders.
ii. If there are any changes in the proposal or End Use for which a Facility is sanctioned.
iii. If any fact concerning the Borrower's profit or ability to repay or any other relevant aspect of its
loan application is withheld, suppressed or cancelled or not made known to Lenders.

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iv. Whenever there is a determination of the likelihood of the due money not being paid by Lenders.
2. Acceleration
At any time either of the Lender or both the Lenders may:
a. In the event of Event of Default, , at their sole discretion, take such other legal remedial action as Lender
may deem fit including enforcing any rights available to the Lenders under Applicable Laws, regulations or
contract.
b. Recall the Loan Amount along with Interest, Additional Interest, Charges, penalties and overdue Charges
etc., whereupon the same shall immediately become repayable and consequently cancel any further Facility
to the Borrowers;
c. Declare that the Loan, together with accrued Interest, Additional Interest and all other amounts accrued or
outstanding under this Agreement be immediately due and payable, whereupon they shall become
immediately due and payable;
d. Debit the relevant Designated Account (s) for Repayment of all relevant Outstanding Amounts;
e. Encash the Post-Dated Cheques /NACH/e-NACH / DDM / SI (as applicable) in order to recover any or all of the
Outstanding Amounts;
f. Stipulate any additional conditions, including inter alia, revision in Interest Rate, stipulation of additional
security, collaterals or infusion of additional equity / funds; and
g. Exercise such other rights as may be available to the Lenders under all Applicable Law.
The Borrower(s) hereby waives any right it may have to further notice, presentment, demand, or protest in
respect of any demand for immediate payment from the Lenders.
13. RELIANCE
1. Lenders may:
rely on any notice or document believed by it to be genuine and correct and to have been signed by, or with
the authority of, the proper Person;
2. Duties and Powers
Lenders shall have the powers;
a. to enforce the rights pursuant to the terms and conditions of this Agreement and to perform all such acts,
deeds and things which the Lenders may from time to time deem necessary or appropriate for or incidental
to such enforcement of the rights.
b. to give instructions to the relevant bank in respect of the Designated Account in accordance with the
provisions of this Agreement.
On occurrence of any Event of Default or any event which, after the notice, or lapse of time, or both, would
constitute an Event of Default, the Borrower(s) shall, forthwith give notice to Lenders in writing specifying the
nature of such Event of Default, or of such event and the Lenders shall proceed to take any and/ or all actions,
in no particular order, as it may deem appropriate.
14. TERM OF AGREEMENT
This Agreement shall be valid and subsisting from the date hereof until the Repayment of the entire Loan
Amount disbursed by the Lender in favour of the Borrower along with all Interest as well as Additional Interest (if
any), dues and Taxes (as applicable) to the satisfaction of the Lenders.
15. COSTS AND EXPENSES
1. Transaction expenses
The Borrower shall, immediately on demand, pay to Lenders, the amount of all out-of-pocket costs and
expenses as set out in SCHEDULE II (Costs) incurred by them in connection with the negotiation, preparation,
printing, couriering, signing, execution, delivery, administration and syndication of:

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a. this Agreement and any other documents referred to in this Agreement; and
b. any other document executed after the date of this Agreement.
2. Deductions from Loans
The Borrower agrees that any and all fees and expenses then due from the Borrower pursuant to this Clause
14 (Costs and Expenses) and unpaid on the date of the Disbursement Notice may be deducted from the
amount of each Loan disbursed. It is clarified that notwithstanding such deduction, the Borrower shall be
deemed to have received an amount equal to each Loan.
16. DISCLOSURE TO CREDIT INFORMATION AGENCIES/ REGULATORY AUTHORITIES
In case of default in Repayment of any of the Loan or in the payment of the any and all amounts due and
payable under this Agreement whether by way of Interest or otherwise, the Lenders shall have an unqualified
right to disclose the Borrower's name to such credit information agencies or regulatory authorities in such
manner and through such medium as the Lenders in its absolute discretion may think fit, as per Applicable Laws
and regulations. Details of classification as Special Mention Account (SMA) and Non-Performing Asset (NPA) are
provided in Schedule II
17. CONFIDENTIALITY
The Borrower undertakes that he/she/it shall, at all times, during the continuance of this Agreement, ensure that
all the terms and conditions of this Agreement and all information relating to the Facility shall be kept confidential
("Confidential Information") and they shall not disclose any information relating to this Agreement to any third
Party, without the prior written consent of the Lenders.
Confidential Information does not include information which (i) is known to him/her/it at the time of disclosure as
evidenced by their written records; or (ii) has become publicly known and made generally available through no
wrongful act of theirs; or (iii) they lawfully receive from a third Party without restriction on disclosure, provided
such disclosure is without breach of a non-disclosure obligation; or (iv) has been independently developed by
him/her/it without access to the Lender's Confidential Information.
18. NOTICES
Communications in writing
Any communication to be made under or in connection with this Agreement shall be made in writing and , unless
otherwise stated, may be made by electronic mail or letter sent through Registered Post Acknowledgment Due
(RPAD)to the address and e-mail (and the department or officer, if any, for whose attention the communication
is to be made) of each Party for any communication or document to be made or delivered under or in
connection with this Agreement is set out in Schedule I (Details of the Parties) any substitute address, email or
department or officer as the Party may notify to the Lenders (or a Party may notify to the other Parties, if a
change is made by any Party) by not less than 5 (five) Business Days' notice.
19. GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the Republic of India.
20. DISPUTE RESOLUTION
1. Dispute resolution process
Any dispute, claim, differences, or questions of any nature or non-contractual obligation arising out of or in
connection with any of them ("Disputes") between the Parties arising out of or in connection with this
Agreement or its performance (including the validity of this Agreement) shall be settled in accordance with this
Clause 19 (Dispute Resolution)
2. Notice for initiation of arbitration
If the Parties have failed to reach an amicable settlement within 15 (fifteen) Business Days, such Dispute shall,
at the written request of any of the parties (the "Arbitration Notice"), be settled by binding arbitration.


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3. Rules, Seat and Language

Such arbitration shall be carried out under and in terms of the Indian Arbitration and Conciliation Act, 1996 and
any statutory amendments thereof. The seat of the arbitration shall be Pune such place as may be decided by
the Lenders. All proceedings of such arbitration shall be conducted preferably through online means in the
English language and the arbitrators shall be fluent in the English language. The law governing the agreement
to arbitrate contained in this Clause 19 (Dispute Resolution) shall be the laws of the Republic of India.
4. Sole Arbitrator
The arbitrator shall be appointed by Lenders.
5. Arbitration Award
a. The arbitration award rendered shall be final and binding on the Parties.
b. The arbitrator shall use his best efforts to produce a final and binding award or awards within 3 (three)
Months of his appointment. The Parties shall use their best efforts to assist the arbitrator to achieve this
objective, and the parties agree that this 3 (three) Month period shall only be extended in exceptional
circumstances, which shall be determined by the arbitrator in his absolute discretion.
21. ELECTRONIC FORM
1. Communication in Electronic Form
a. Each Party acknowledges and agrees that any request, notice, correspondence or any other writing
whatsoever ("Writing") required or contemplated under this Agreement may be executed and any
delivery, offer, Acceptance or any other action whatsoever ("Action") in respect of this Agreement may
be undertaken in electronic form by way of a click wrap or any other electronic means of executing or
authenticating transactions ("Electronic Form") as may be enabled by any of the Lenders. For avoidance
of doubt, it is clarified that communications in Electronic Form include any Writing or Action undertaken
on any technology platform, mobile application or Website provided by axio.
b. Each Party agrees that the use of a keypad, mouse or other device to select an item, button, icon or
similar act/action, or to otherwise provide instructions on a mobile application or a Website or in
accessing or making any transaction regarding this Agreement constitutes a signature, Acceptance and
agreement as if actually signed in writing.
c. Each Party confirms that any Writing or Action made or undertaken by the Parties in Electronic Form shall
be valid, binding and legally enforceable against such Party and it shall not raise any objection or claim or
disclaim any liability under or in relation to the validity or enforceability of a Writing or Action solely on
account of it being in Electronic Form.
2. Adequacy of Data Protection
Each Party acknowledges the adequacy of the data protection measures adopted by the Lenders and agrees
that it shall not raise any objection or claim or disclaim any liability under or in relation to the process, method,
storage, or means of authentication of a Writing or an Action.
22. SEVERABILITY
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to
be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this
Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated.
23. ENTIRE AGREEMENT
The Parties hereto confirm and acknowledge that this Agreement shall constitute the entire agreement between
them and shall supersede and override all previous communications, either oral or written, between the Parties
with respect to the subject matter of this Agreement, and no agreement or understanding varying or extending
the same shall be binding upon any Party hereto unless arising out of the specific provisions of this Agreement.
24. MODIFICATION


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No amendment, modification or addition to this Agreement shall be binding on all the Parties hereto unless set
forth in writing and executed by them through their duly authorized representatives.
25. COUNTERPARTS
This Agreement may be executed in multiple counterparts one each to be retained by the respective Parties.
Each counterpart shall be treated as an original and shall be capable of being enforced without reliance on the
other counterparts as an original document.
26. NOVATION AND ASSIGNMENT
Subject to Applicable Law, each of the Lenders may, without the consent of or notice to the Borrower transfer,
novate, securitise, assign all or any of its rights and benefits hereunder or transfer or novate all or part of its
rights, benefits and obligations under this Agreement to any Person. Without prejudice to the aforesaid
provision, any Lender may, without notice to the Borrower, share the credit risk of the whole or a part of its
individual / whole commitment specified in Schedule I (Details of the Parties) of the principal agreement with any
Person by way of participation after prior written intimation to the other Lenders, if any.
However, the Borrower(s) shall not claim any privity of contract with any such entity to whom the outstanding
and/ or the rights or obligations under this Agreement or the other documents in relation to the Facility have
been assigned/ transferred/ novated/ securitized or with whom the Lenders have entered into indemnity or
arrangements for risk sharing.
27. DEFINITION AND INTERPRETATION
1. Definitions
In this Agreement, the capitalised terms listed below shall have the following meanings:
"Additional Interest" shall mean the rate of interest set out in Schedule II (Terms of the Facility).
"Acceptance" shall mean the acceptance of these Terms and Conditions by You. The terms "Accept" and
"Accepted" shall be construed accordingly.
"Advance Installment" shall have the meaning given to it under Clause 9.1 (b) (ii)
"Agency" shall have the meaning ascribed to the term in Clause 9.1 (l) (iv).
"Applicable Law" shall mean any local, state or union statute, law, regulation, ordinance, rule, judgment,
order, decree, clearance, approval, directive, guideline, policy, requirement, or other governmental restriction
or any similar form of decision, or determination by, or any interpretation or administration of any of the
foregoing by, any Government Authority whether in effect as of the date of this Agreement or thereafter and,
in each case, applicable in India. "Arbitration Notice" shall have the meaning given to that term in Clause
23.2 (Notice for Initiation of Arbitration).
"Authorisation" shall mean an authorisation, consent, clearance, approval, permission, resolution, licence,
exemption, filing and registration, from a governmental authority or a third party, as the case may be.
"Availability Period" shall have the meaning set out in Schedule II (Terms of the Facility).
"Borrower" shall have the meaning given to the term in Schedule I (Details of the Parties).
"Business Day" shall mean a day, which is not a public holiday under Section 25 of the Negotiable
Instruments Act, 1881, or a Sunday or when the clearing facility offered by the Reserve Bank of India is
unavailable, at any place in India.
"Lenders" shall mean CapFloat Financial Services Private Limited (operating under the brand name "Lenders"),
a company incorporated under the Companies Act, 1956, registered as a non-deposit taking, non banking
financial company with the Reserve Bank of India having its registered office at New No. 3 (Old No. 211)
Gokaldas Platinum, Upper Palace Orchards, Bellary Road, Sadashivanagar, Bangalore Karnataka 560080 India
and principal place of business at, No.136, Shyamala Towers, 6th Floor, East Wing, Arcot Road, Saligramam,
Chennai - 600093, Tamilnadu.


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"Confidential Information" shall have the meaning given to that term in Clause 19 (Confidentiality).
"Costs" shall mean, the costs which includes Fees of any consultants, including any legal fees, Cheque / NACH
dishonor charges, Any costs incurred during enforcement.
"Credit Application" shall mean, as the context may permit or require, the application made by the Borrower
to Lenders for the Loan, and all acceptances, information, particulars and clarifications furnished by the
Borrower to Lenders, from time to time, in respect of the Loan.
"DDM/ e-DDM" shall mean Direct Debit Mandate / Electronic Direct Debit Mandate
"Default Interest" shall mean the rate of default interest specified in the Schedule payable in the manner set
out in the Schedule.
"Designated Account" shall have the meaning given to the term in Annexure - I.
"Disbursement Date" shall have the meaning given to the term in Clause 2.2(b) (Mechanics of Funding
Drawdown).
"Disputes" shall have the meaning given to the term in Clause 23.1 (Dispute Resolution Process).
"Drawdown Notice" shall have the meaning given to the term in Clause 2.2(a) (Mechanics of Funding
Drawdown).
"Due Date" shall mean in respect of:
a. Additional Interest, the date specified by Lenders;
b. Interest, if any, the Interest Payment Date;
c. Repayment Installment, the Repayment Date;
d. Processing Fees, the date specified by Lenders; and
e. any other payment under this Agreement, the date specified by Lenders.
"End Use" shall have the meaning set out in Schedule II (Terms of the Facility).
"Events of Default" shall have the meaning given to the term in Clause 10.1 (Events of Default).
"Extended Period" shall mean a period of 7 (seven) days from the Due Date for the repayment of the
Invoice Discounting Facility.
"Government Authority" shall mean any government or any governmental agency, statutory, quasi
governmental or semi-governmental or judicial or quasi-judicial or administrative or regulatory or supervisory
entity or authority, court or tribunal (including the Reserve Bank of India, any stock exchange or any self-
regulatory organisation established under any Applicable Law).
"Interest" shall mean the rate of interest set out in Schedule II (Terms of the Facility) as applicable.
"Interest Payment Date" shall mean the dates as specified in Schedule II (Terms of the Facility), as
applicable.
"Lenders shall have the meaning given to the term in Schedule I (Details of the Parties).
"Loan shall have the meaning given to the term in Clause 2.1 (Availability Period).
"Month shall mean and refer to each of the 12 (twelve) named periods into which a calendar year is divided.
"NACH / e-NACH shall mean National Automated Clearing House / electronic National Automated Clearing
House
"Outstanding Amounts shall mean, with respect to each Facility, an amount equal to the sum of the amount
corresponding to the Repayment Installment, Interest, Additional Interest or any other amount due and
payable on a given date.
"Party shall mean a party to this Agreement. The term "Parties" shall be construed accordingly.


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"Person shall mean an individual, statutory corporation, body corporate, partnership, joint venture,
association of persons, Hindu undivided family (HUF), societies (including co-operative societies), trust,
unincorporated organisation, government (central, state or otherwise), sovereign state, or any agency,
department, authority or political subdivision thereof, international organisation, agency or authority (in each
case, whether or not having separate legal personality) and shall include their respective successors and
assigns and in case of an individual shall include his legal representatives, administrators, executors and heirs
and in case of a trust shall include the trustee or the trustees for the time being.
"Post Dated Cheques" shall have the meaning given to the term in Schedule II (Terms of the Facility).
"Prepayment Charges" shall have the meaning given to that term in Schedule II (Terms of the Facility).
"Processing Fee" shall have the meaning given to that term in Schedule II (Terms of the Facility).
"Purpose" shall mean the purpose of utilization of the amount of the Loan.
"Rate of Interest" shall mean the interest rate specified in the Schedule payable in the manner set out in the
Schedule.
"RBI" means Reserve Bank of India.
"Receivables" shall mean any monies, dues and payable to the Borrower.
"Repayment Date" shall, for any Facility, mean each date on which a Repayment Installment shall be paid in
accordance with the Repayment Schedule.
"Repayment Installment" shall mean the repayment of the principal amount of each Loan of a Facility, as
specified in the Repayment Schedule.
"Repayment Schedule" shall mean for each Facility, the repayment schedule as specified in Schedule II
(Terms of the Facility) hereto as may be amended in accordance with this Agreement.
"Repetition Date" means the date of each Drawdown Notice, each Disbursement Date, each Due Date, each
date under which any monies are paid to Lenders and the Final Repayment Date.
"Schedule" shall mean the schedule annexed to these Terms and Conditions stipulating the terms of the
Loan.
"SI" shall mean Standing Instructions provided to the Borrower's Bank by the Borrower.
"Tax" shall mean any direct or indirect tax, levy, impost, duty or other charge or withholding of a similar
nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying
any of the same).
"Undated Cheques" shall have the meaning given to the term in Schedule II (Terms of the Facility).
"Validity Period" shall mean the period for which the sanction of the Loan shall be valid within which the
amount of the Loan can be utilized by the Borrower, which shall be 3 (three) months from the date of
Acceptance.
"Website" shall mean Schedule II (Terms of the Facility).
2. Interpretation
1. Unless a contrary indication appears, in this Agreement:
a. A reference to these Terms and Conditions shall include a reference to the Schedule;
b. A reference to a "party" shall be construed so as to include its respective successors and permitted
assigns;
c. A reference to any agreement / document / undertaking / deed / indenture / writing or instrument is a
reference to that agreement or instrument as amended, supplemented or assigned from time to time;
d. Unless otherwise specified, any reference to a Section, sub-Section or the Schedule shall denote a


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reference to such Section, sub-Section or the Schedule as specified, of these Terms and Conditions;
e. The index to and the headings in these Terms and Conditions are inserted for convenience of reference
only and are to be ignored in construing and interpreting these Terms and Conditions;
f. The term 'in writing' shall be interpreted to included any communication made by the Borrower in
Electronic Form;
g. All capitalised terms used but not specifically defined herein shall have the respective meanings ascribed
to them under the Schedule; and
h. All capitalised terms used but not specifically defined in the Schedule shall have the respective meanings
ascribed to them in these Terms and Conditions;
i. A reference to a "person" includes any person, firm, company, corporation, government, state or
agency of a state or any association, trust or partnership (whether or not having separate legal
personality) or two or more of the foregoing;
j. A reference to a provision of law is a reference to that provision as amended or re-enacted;
k. Time is of the essence in the performance of the Parties' respective obligations. If any time period
specified herein is extended, such extended time shall also be of the essence;
l. A reference to the singular includes the plural and vice versa;
m. In the event of any disagreement or dispute between the Borrower and Lenders regarding the
materiality or reasonableness of any matter including of any event, occurrence, circumstance, change,
fact, information, document, authorisation, proceeding, act, omission, claims, breach, default or
otherwise, the opinion of Lenders as to the materiality or reasonableness of any of the foregoing shall
be final and binding on the Borrower; and
n. For determining the expiry of Business Days in connection with any notice requirements under this
Agreement, the following method shall be adopted:
A. If the notice is delivered after 9:00 am on any Business Day, one Business Day shall be deemed to
expire at 6:00 pm on the immediately succeeding Business Day; and
B. If the notice is delivered before 9:00 am on any day, one Business Day shall be deemed to expire
at:
i. 6:00 pm on the same day if such day on which the notice is delivered is a Business Day, or
ii. 6:00 pm on the immediately succeeding Business Day if such day on which the notice is
delivered is not a Business Day.
2. Section and Schedule headings are for ease of reference only.
3. Where a Party is required by any provision of this Agreement to give notice or take any action within a period
specified by a number of days, such period shall be calculated not counting the first day of such period but
counting the last day, and such last day shall end at 12.00 midnight India time.
Customer Service
For any queries/grievances please contact us at : ask@axio.co.in or call us at 080 6807 5001.
Grievance Redressal Policy
Capfloat Financial Service Private Limited:
To refer our policy on Grievance Redressal Mechanism, please click https://axio.co.in/wp-
content/uploads/2022/11/Grievance-Redressal-Policy-Website-V.1.8.pdf
Poonawalla Fincorp Limited (Formerly known as Magma Fincorp Limited) (PFL)
In case of any query/ grievance, you will have option to reach PFL's representatives as per the
Query Resolution Process mentioned below:


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Customer may refer the Grievance Redressal Mechanism as set out in the Grievance Redressal
Policy at the below link for redressal of their grievances:
URL: https://poonawallafincorp.com/pdf/Grievance-Redressal-Policy.pdf
For details of Principal Nodal Officer(s)/Nodal Officer(s) along with salient features of the Scheme
of Ombudsman, customer may refer the below link available on the Website of the Company:
URL: https://poonawallafincorp.com/pdf/Nodal-Officer-and-Principal-Nodal-Officer.pdf
Interest Rate Module Policy
Capfloat Financial Service Private Limited:
To refer our policy on Interest Rate Model, please click https://axio.co.in/wp-content/uploads/2022/07/Lenders-_-
Interest-Rate-Model-Policy.pdf


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SCHEDULE I
DETAILS OF THE PARTIES
Effective
Date
Place of
Chennai, Tamilnadu
Execution
Stamp Duty CapFloat Financial Services Private Limited (operating Acknowledgement /
Paid By under the brand name "axio") ID number
Parties to the Agreement
Registration
Serial Type of Residing at /Registered Office /
Lenders if non Commitment PAN
No. Person Principal Place of Business
individual
No.136, Shyamala Towers, 6th
CapFloat
Floor, East Wing, Arcot Road,
Financial
Registered Saligramam, Chennai - 600093,
Services Private Private 20 % of the
under the Tamilnadu; and registered office at,
1 Limited Limited Facility AAACZ0903G
Companies New No. 3 (Old No. 211) Gokaldas
(operating under Company Amount
Act, 1956 Platinum,Upper Palace Orchards,
the brand name
Bellary Road, Sadashivnagar,
"axio")
Bangalore Karnataka - 560080 India
POONAWALLA
FINCORP Registered
Public 201 and 202, 2nd floor, AP81, 80% of the
LIMITED under the
2 Limited Koregaon Park Annex, Mundhwa, Facility AABCM9445K
(Formerly, Companies
Company Pune - 411036, Maharashtra Amount
Magma Fincorp Act, 1956
Limited)
AND
Serial Type of Date of Birth / Permanent Current

Applicant Name Personal Details
No. Person Gender Address Address
Aadhar
XXXXXXXX4979
Number
PAN
GNOPK4526E
INDRA JEET 1997-03-26 / Chhapia, Chhapia, Number
1 Individual
KUSHWAHA Male 274702, Deoria 274702, Deoria Email
Address
Phone
8858834131
Number


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SCHEDULE II
TERMS OF THE FACILITY
Serial
Description Term
No.
Facility Personal loan facility
1.
Facility Amount ₹60000.0/- (Rupees sixty thousand only )
Purpose of Loan / End
1A. Personal Use
Use
1B. Pre EMI As per disbursal date
2. Interest 25.08% per annum, Interest calculation method will be Reducing
Repayment installment
2A. As per repayment schedule shared at the time of disbursal.
Payment Date
3. Processing Fees 2.0% + GST @18%
4. Final Repayment Date As per the repayment schedule sent after disbursal of funds
5. Additional Interest 0.00 % per month
6. Undated Cheques NA
Prepayment Charges
7. Applicability of Clause 0% if loan closed before 180 days OR 0% if closed after 180 days
5.11 (Prepayment)
Partial prepayment is not allowed - Any partial prepayment that is made will only
8. Partial Prepayment be used to knock off EMIs in the future; It will not reduce the outstanding
balance on the date of this partial prepayment
A bounce penalty of ₹500 will be charged per EMI cycle in case of bounce of
9. EMI Bounce charges
auto-debit of EMIs.


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CLASSIFICATION AS SPECIAL MENTION ACCOUNT AND NON PERFORMING ASSET

The regulation provided below classification as Special Mention Account (SMA) and Non- Performing Asset (NPA)
The below Illustration covers the concepts of date of overdue, classification as Special Mention Account ("SMA") and
Non-Performing Asset (NPA), upgradation of loan account etc.
Loans in the nature of revolving facilities like cash

Loans other than revolving facilities
credit/overdraft
Basis for classification - Outstanding balance
Basis for classification - Principal or
SMA Sub- SMA Sub- remains continuously in excess of the sanctioned
interest payment or any other
categories categories limit or drawing power, whichever is lower, for a
amount wholly or partly overdue
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
NPA More than 90 days end of day NPA More than 90 days end of day
Accordingly, the date of SMA/NPA shall reflect the asset classification status of an account at the day-end of that
calendar date. An illustration of such classification is given below:
Classification as Illustrative dates (Loans other than revolving facilities)

Original Due Date May 05, 2022
SMA -0 May 05, 2022 end of Day
SMA-1 June 04, 2022 end of day
SMA-2 July 04, 2022 end of day
NPA August 03, 2022 end of day
Further, upgradation of accounts classified as NPAs Customer classified as NPAs may be upgraded as 'standard'
only if entire arrears of interest and principal are paid by the customer. With regard to upgradation of accounts
classified as NPA due to restructuring, non-achievement of date of commencement of commercial operations
(DCCO), etc., the instructions as specified for such cases shall continue to be applicable.
For example. if a customer is classified as NPA on August 03, 2022 with an overdue of Rs. 10,000, the customer will
be upgraded to standard only after receipt of full overdue amount.


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SCHEDULE III
REPAYMENT SCHEDULE
PART A - Repayment Mode
Through National Automated Clearing House (NACH) debit/direct debit/Standing Instruction of ₹3312.39 each.
PART B - Virtual Account Details

Registered repayment account details will be shared post disbursement with EMI schedule
Account details of designated / Virtual account

Account Holder Name INDRA JEET KUSHWAHA
Bank Name RBL
Account Number VACAFLT295327859829
IFSC Code / MICR Code RATN0000156


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Stamp Duty ₹20 .

Please b e aware t h at t h is rec eip t t it led S t am p Du t y Paym en t Det ails is an

SHYAM VIJAY PILLAI Indra Jeet Kushwaha

Key fact statement/fact sheet

7 Rate of Interest, (charged per annum, reducing) 25.08%

8 Tenure of the Loan (in months/days) 23 months

9 Repayment frequency by the borrower Monthly

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1 Loan application date : 14-05-2023

4 Lenders : Lender 2: Poonawalla Fincorp Limited (Formerly

5 Loan amount sanctioned : ₹60000.0

11 Monthly Installment Amount : ₹3312.39

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PERSONAL LOAN AGREEMENT

A. The Parties are desirous of entering into an arrangement whereby:

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the Loan / EMI as and when demanded by Lenders;

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2. CHEQUE / NACH / DDM / SI

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e. fifthly, Repayment Installments.

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3. Rules, Seat and Language

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