InCree! finance — ofthe Loa Facility, type & value of security, Loan/ Facility amount et. In addition, lnCred/ Lender periodically reviews the fnnuel rie of intrest and product fetures offered by twit those offered by its competitors. An additonal sk premium ‘may be factored inthe pricing whichis based onthe cet rik associated withthe customer which is function ofthe Customer's ered history, credit information, internal ating along with other factors like the borrower's income ee, While ‘offering terms of Loa Facility including annual ate of intrest, the aforementioned aspects ae taken into consideration. “Accordingly, the applicable annua rate of interest nay be diferent from a customer to customer and a Loa Facility other Loan Fail 16. ned Lender shal in is absolute discretion ors per the guidelines direction! rules regulations law issued notified by the Reserve Bank of Inia andor any other statlory authority and any other la in farce including but nt limited to, any Tax law or based onthe changes inthe prevailing InCred Reference Rate be ete to modify the Floating Interest Rate (including Spread), andthe Borower agree and confirm to pay interest as per such modified Interest Reson the {Loan Faeilty and related amounts on ad from the date of such modification 17 Imany event the Borrower shall keep himsel themsolves informed of all such variationsrevsions inthe Interest Rate if applicable) InCred/Lender shall nis absolut diseretion be ented to modify the Fixed Interest Rte and the Borrower agree nl confirm to pay interes as per such modified interes ass on the Lean/Fciity and related amounts on ad from the date fof such Rate of Interest modification, InCred/Lender shall notify such Rate of Interest changes by updating the same omits Website and also furnish notice of such changes. 18: The Borrower hereby also apres to koxp hime Mherselitself abreast with ll notiiestionson the Website and shall be ‘bound by the aforesaid change and shall not dispute the same, The ate may be changed suitably at such interval fom time to time and prospectively on account of change in mandate of the Reserve Bank of India and/or any othe statutory auoritis, unforesean or exceptional changes in sioney market conditions and internal policies! factors associated wih InCred Lender. In such event, notwithstanding the provision ofthe Schedule hereunder, the Borrower agrees to pay inferest on such revised rate and this Agreement shall be construed a if such revised rate was expressly mentioned herein i 19, InCred at its discretion ean modify the reference rate based on TnCred/Lender internal policy factors and on prevailing market Conditions and guidelines of any statutory auborty. Any change in InCred Reference Rate shall be noiied announced by TCred/Lender through is website or such other medium as InCred may consider appropiate. The existing InGred Reference Rate is as mentioned inthe Schodule hereto. 20. The Borrower herby grants conse to InCred and it affiliates for the processing of fund transfers othe Borrower's University eolege based on the information provided by the Borrower and authorise InCred and is afte to communicate ‘wth the Borrower regarding the fund transfer process. Additionally, Borrower agres to enll inthe Insurance pla offered by lnCred and Borrower grants InCred penission to disburse the insurance premium ffom the Borrower lan amount. The Borrower shall lize each and every anche of Loan forthe Purpose exclusively and shall submit the proof of Uillzation)poof of remittance to the Lender within 3 (hes) working days of ulzatin/remitiance. Inthe event of foreign ‘mitfance of Loan amount, the Borrower agees to use the sevice of empanelle third party vendors of InCred tha are Tegally authorized to make foreign remittance as per applicable laws atthe discretion of Borrower and prof of uilization root ofremitance shal be submited within the agreed period as stated above. Borrower further agrees 0 acsxpt the negoisted (as nepoited by th Borrower ad empanelled forex sevice provider) foreign exchange rates without raising ny cispte, claim or objection against InCred forthe same, both presently and inthe future. Furthermore, the Bortower futorises InCred to tanser the oan amount (ance oF fll disbursement amount) frm the Borrower’ loan account to an InCred approved forex vendor for remitances to the overseas educational institution or owards living expenses, based on evidence provided bythe Borrower. 21. The ate of interes shal be determined based onthe cost of borrowed funds, matching tenor cost, market liguity, refinance venues, RBI repo rate, offerings by competition, tenure of customer relationship, cost of funds ec. In addition tothe cost of| funds the rat of interest shal father be determined with rik premium which is based on the inherent erdit and default isk in the products and customer per se arising from customer segment, rofl of the customers, professional qualification, Stability in eaing and employment end repayment abiliy,oveal customer yell, nature and value of primary and collateral Secures, past payment track record ofthe customers, external ratings of the customers, industry trends ete. tnCred/Lender ‘nay adopt an interest ate model whereby the rae of interest for same product and tenor availed daring same period might ‘ie from customer to customer depending upon consideration of any or combination of afew or ll factors as listed above Hence, the interes rate applied may be diferent from customer to customer on his her loans. 22, We have been duly contmunicated and hereby agree tothe applicable Penal Charges as sct out in annexure herewilvLoan ‘ Focility agreement and schedule of charges. 23, "Spread" mean the risk premium which i aplied fr asving a the final interest ate charged to the borrower. 24. Floating Rate of Interest" means the diference between the InCred Reference Rate and Spread applied bythe InCred/Lender to the Loan/Failty granted by the InCred/Lender to the Borrower, as may be decided by the InCred Lender fom time to time pursuat otis Agreement, lnCred/Lender shall be ented to revise the Rate of Interest at any time and from ime to time as pe statutory authority, InCred/Lenderinteroal policy, market conditions, external factors andor applicable laws, if during the tenor ofthe Loan Facility, atts discretion and the Borower sal also be liable to pay interest at such revised [Rate of Inerst in such manner and within such period as may be determined by InCred/Lender init sole discretion In ase INCRED FINANCIAL SERVICES LIMITED. (rmertyknown as KKR nie Financial Services Lnited) Registered & Corporate Office Unit No. 1203, 12" floor. B wing. The Capital, Plot No C-70,G Block, Bandra Kurla Compiex, Mumbai, Maharashtra, Incl, 400081 CIN: UG7IG0MH99SPLC350B1 | Email: careincred.com | Contact; 1800-102-2192 | Website-swnincred.com —_—— eee