COMMOAN LOAN APPLICATION FORM

SRN001

SELECT PRODUCT
Personal Loan Loan Against Property Asset Finance Gold Loan Sales Finance Two-Wheeler

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For Non Individuals only If Business: Type of company - Proprietor Partnership Pvt. Ltd. Public Ltd. Ltd. Liability Co. Other _________________
Nature of business Manufacturer Agriculturist Service Provider Trade/Distributor Retailers Other __________________

Year of Incorporation CIN no.

Official Email ID

PERSONAL LOAN
Requested Loan Details

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 LOAN AGAINST PROPERTY
REQUESTED LOAN DETAILS
Loan Amount Rs. Tenure : Months

End Use : Business Education Marriage Asset Acquisition Debt Consolidation Others

COLLATERAL OFFERED
Property Vehicle Shares & Secuities Insurance Others (Pl.Specify) None

Property Owner : 1)

Property Address

Pin code

Type of Property : Residential Commercial Classification of Property : Flat Row House Bungalow Shop Office

Area of Property (Sq.ft.) : Current Market Value :Rs.

Vehicle : Make / Model Year of Manufacture

Current Market Value :Rs. Registration No.

Shares & Securities : Shares Mutual Fund Units Govt. Bonds Others

Current Market Value :Rs.

Insurance : Insurance Name Scheme

Surrender Value : Rs.

ASSET FINANCE
ASSETS OWNED
Car Commercial Vehicle Tractor Agri Land (Area___________) Others, please specify____________________
Property owner Name_____________________ Details_________________ (Specify area)___________Relationship with applicant _____________
Address_________________________________________________________________________________________________________________

DETAILS OF VEHICLE / EQUIPMENT REQUIREMENT

Loan towards – Commercial Vehicle Construction Equipment Car Tractor Others __________________________
Type of Vehicle HCV / LCV / Cost or Vehicle / Cost of Cost of Cost of Total Cost Finance Tenure
New / Name of Equipment / Body Registration Insurance in
MCV / SCV / TIPPER / on Road Required
TRAILER / CE / TRACTOR Used Dealer Chassis Rs. Rs. Rs. Rs. Rs. Rs. Months

TWO WHEELER
TWO WHEELER OWNED

SALES FINANCE
REQUESTED LOAN DETAIL

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 DECLARATION
I declare, warrant, represent, acknowledge and confirm that:
1. I/we have applied for a loan against gold ornamnets with HDB Financial Services Limited and would like to hereby declare and confirm that, My/Our title to the gold jewellery /Ornaments deposited / to be deposited
by me/us as security is not Defective /Challenged by person in any manner. I/We also confirm that the gold jewellery /ornaments is not spurious or of inferior quality as it has been acquired (purchased/gifted to/
inherited ) by me/us from genuine sources and is my/Our bonafide property and no other person has any claim ,lien or charge against it. I/we also confirm that this undertaking is issued from my/Our end to avail
loan against the security ( here in gold jewellery / Ornaments ) as I/We could not provide the necessary documents in support of my / Our security ( here in gold jewellery / Ornaments ) and authorise company to
execute the actions as may be appropriate as mentioned in the terms & conditions of the sanction letter.
2. With reference to the aforementioned gold loan availed by undersigned from your branch, I hereby authorize HDB Financial Services Limited (represented by its Branch Manager / authorized officer) to dispose of
gold items pledged by undersigned through Loan account no._____________________ as per the applicable Policy norms of HDB Financial Services Limited. Further it is confirmed and stated that undersigned
do not have objection with respect to disposal of gold items given as security for the aforementioned Gold loan and the proceeds of the sale to be adjusted against the current outstanding of the said Gold loan.
Further it is requested to handover the excess amount received (after adjusting all outstanding against above mentioned gold loan amount) in undersigned's favour as per applicable Policy norms of HDB Financial
Services Limited.
3. I contest / do not consent to receive information/services etc. for marketing purpose through telephone/mobile/SMS/emails by the HDB/its agent. I confirm that I have read and understood the declaration, and all
the details provided on the form are true and correct. I agree and acknowledge that only direct telephone numbers (not board /general telephone numbers of offices / corporates / employers) will be accepted for
registration of “Do Not Call”. I am aware that the post registration, I may receive a call from the HDB to verify the corrections of the request for registration. I authorize HDB Financial Services Ltd to disclose, from
time to time any information relating to my loan against Gold Jewellery relationship to any parent, subsidiary, affiliate and associate of HDB Financial Services Ltd, and to third parties engaged by HDB Financial
Services Ltd, for purpose such as marketing of services.
4. I have fully read and understood and acknowledge the loan terms and condition ,copy of which has been provided to me.
5. All the particulars and information and details given /filled in this application form are accurate ,complete and up to date in all respect and I have not withheld any information whatsoever. All annexure and
addendum to this application form if and whenever executed by me are deemed to be an integral part of this application form.
6. I hereby consent to receiving information from Central CKYC registry through SMS/EMAIL on the above registered number/email address.
7. I / We understand the Risk Gradation and Interest Rate on a Loan that I have applied for will be based on Loan amount, tenure, down payment, Security / Collateral offered for the Loan, risk parameters, market
conditions,cost of funds, loan history with HDB, credit score provided by credit information company, my/ our age, income and any other information as may be required for the purpose of credit evaluation.
8. I / We am/ are aware the normally applicable Indicative interest rate on loans and other charges are available on the website www.hdbfs.com
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10.
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Whatsapp

INDUSTRY CODES EMPLOYMENT CATEGORY

1. Engineering products 12. Pharma & Medicine 1. Agriculture & Allied Activity
Salaried Self 2. Doctor 13. Cloth & Textiles Signature of the Borrower
Employed 2. Manufacturing
3. Account Consulting 14. Insurance Civil Contractor
15. Real Estate & Builder a. Micro Enterprises (Investment < Rs.25 lakhs)
4. Agriculture
16. Freight & Logistics b. Small Enterprises (Investment Rs.25 lakhs – 5 Crores)
5. IT & Software
17. Contractor / Franchisee c. Medium Enterprises (Investment Rs.5 – 10 Crores)
6. Media & Entertainment
18. Advertising & Promotion 3. Service
7. Automobiles
19. Chemicals a. Micro Enterprises (Investment < Rs.10 lakhs)
8. Banking 20. Jewelry & Ornaments b. Small Enterprises (Investment Rs.10 lakhs – 2 Crores)
9. Hotel & Hospitality 21. Iron & Steel c. Medium Enterprises (Investment Rs.2 – 5 Crores)
10. Education 22. Others :______________
4. Weaker Sections
11. Architect (please specify)
5. Others

COMPANY USE ONLY : Category of Customer :

SO Code : DSA Code : CV - FTU STO SFO MFO LFO Captive
CE - FTU Retail Hirer Retail contractor
SM Code : Dealer Code : Large customer Hirer Large customer contractor
RM Code : Distance from Branch: kms Quarry owner Retail Captive Large Captive
CAR - Salaried SEP SENP
DSE Name : ____________________________ DSE PAN : _________________________ Transporter & Agriculturist
Branch :________________________________ PSL : Yes No

FOR OFFICE USE ONLY

Sourcing

Branch Code SO Code SM Code

Sales Promotion Code Referral Code DSA Code

DSA MGM Alternate channel Direct Walk in

Channel

Marketing Campaign Tele calling Referral Direct Sales

ACKNOWLEDGMENT SLIP
Name of the Applicant
Date of Application Location Date & Time of receipt_____________________________
HDB Contact Person Name Stamp / Signature________________________________
Application will be processed within 14 working days of receiving the application with all necessary documents, subject to the applicant providing all Contact No.
additional information that HDB Financial Services Ltd. may require solely for the purpose of evaluating the credit worthiness of the applicant.
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 GOLD LOAN
PURPOSE OF LOAN
Agriculture Business Expansion Repay old debt Travel expense
Education Acquire asset Medical Others ___________________________

Reference - 1 Reference - 2
Name Name
Relationship Relationship
Mobile No. Mobile No.

E-mail_______________________________________________________________ E-mail_______________________________________________________________

Documents Required : (This List Is Not Exhaustive Only Indicative)

Identity Proof Address Proof DOB Proof Signature Proof
Photograph Income Documents Aadhar Card Pan Card

LOAN DETAILS 4
Name of Facility : “Loan Against Gold”
1. The total amount of loan facility to be disbursed will not exceed Rs. _______________, at any time, subject to the terms and conditions stipulated by HDBFS from time to time.
2. The interest will be charged at the fixed rate of______% per annum ( plus applicable taxes or other statutory levies ) for a period of___________months.
3. The interest / Installment will be debited to your account on the ____________of every month. In case of default, late payment interest will be 3% per month over and above the interest
payable will be applicable.
4. The loan amount after deducting the processing fee_____% of overall limit or Rs.______________ (plus applicable taxes or other statutory levies ) & other incidental expenses as may be applicable
will be credited to your account __________________ disbursed by way of DD/PO/RTGS reference number ________________________
5. Loan maturity date is ___________________________and repayment mode will be equated monthly installment (4th /8th of every month) or monthly interest payment ( 4th /8th of every month ) and
bullet principal repayment on due date.
6. In the event of fall in value of gold due to market conditions, the company may seek payments or additional collateral to clear any shortfall in margins.
7. Prepayment charges of Rs. 500 plus taxes will be applicable if loan is closed before 90 days of disbursement.
In case of failure to comply with the above, the company may take all action as detailed in the terms and conditions duly executed by you, including sales of gold security through auction or otherwise.

Signature of the Borrower

Demand Promissory Note

On demand I/we___________________________________________________ promise to pay to HDB Financial services Ltd, or order, the sum of

Rs.__________________ (Rupees____________________________________________________________________) together with interest thereon

such sum from this date onwards at a rate of ________% per annum payable at ____________________________________________________
Presentment for payment and noting and protest of this note are hereby unconditionally and irrevocably waived.
Revenue
Mr/Ms. :_____________________________ Place :_____________________________ Stamp

Date :___________________ Name :_____________________________

Please sign across revenue stamp

Disbursement through RTGS / NEFT / IMPS request

Request to credit the amount a sum of Rs._____________ being the disbursement proceed of the said loan directly in to my bank account (details of my
bank account given below) through the real time gross settlement (RTGS) / NEFT / IMPS facility officerd by RBI. I understand that the Money will be reach
my account within time stipulated by RBI.
Beneficiary Name Name of the Bank

Bank Account No Name of the branch

IFSC code (Cheque copy enclosed) Center (Location)

I hereby declare that the information given above is correct and i will be responsible for any factual inaccuracies.

Signature of the Borrower

Nomination
Nomination in respect of Gold Security pledged and in the custody of HDBFS. I/We __________________________________________________ name (s) and
address(es) nominate the following person to whom in the event of my/our death the Gold Security pledged and in the custody of HDBFS, particulars
whereof are given below, may be returned by the HDBFS upon payment of outstanding amount in full______________________________________
Name & address of Nominee_______________________________________________________________________________________________________
________________________________________________________________________________________ (please ensure that the nominee is not a minor).
Relationship with Borrower, if any ________________________ Age ______ I /We confirm that this nomination shall override any other disposition made by me/us,
whether testamentary or otherwise and the Nominee shall become entitled to the return of the Gold Security pledged and in the custody of the HDBFS against payment
of all outstanding to the HDBFS to the exclusion of all other persons. I/We further confirm that on such return the HDBFS shall stand released and discharged.
Name of the Borrower(s) ________________________________________

Place :____________________

Date :____________________

Signature of the Borrower

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 Declaration Cum Terms and Conditions of Loan Collateralized by Gold
I/We hereby agree to abide by the following terms and conditions: be paid/repaid by me/us together with the interest calculated on the reducing (v) I/We confirm that the authority and powers hereby given to the Company is for a
principal balance by way of equated monthly installments "EMI(s)", for the amounts consideration and is irrevocable under section 202 of the Indian contract act, 1882
1. All particulars/information given in this application form are true and complete and and on the due dates as set out in the sanction letter(s). Provided that the Company and such authority/power shall survive my/our death. Further, I/We undertake to
no material information has been suppressed / withheld. I/We acknowledge that shall be entitled to recompute and/or modify the amounts constituting the EMI(s) honour all the PDCs when presented for payment by the Company and not to take
HDB Financial Services Limited ("the Company") shall have no liability for any and the dates for payment thereof by me/us on the occurrence of any event which any steps, which in any way are likely to affect the payment there under to the
consequences arising out of any erroneous details provided by me/us for which in the opinion of the Company necessitates a recomputation/modification of the Company.
I/We shall be solely liable. I/We authorize the Company to carry out such credit same. I/We hereby agree and confirm that in order to work out suitable EMIs to be
checks and at such time as it may deem necessary. The Company may sanction, at paid by me/us towards repayment/payment of the loan and interest, the Company 21. I/We hereby undertake to honour all the PDCs when presented for payment by the
its sole discretion, loan/s of such amount as the Company may deem fit ("loan") for has adopted a reasonable and proper basis and I/We agree to pay the EMIs Company and not to take any steps, which in any way are likely to affect the
such purpose(s) as set out by me/us in application form or as may be specified calculated as aforesaid. I/We understand that strict compliance with the payment payment thereunder to the Company including without limitation issue any stop
by Company in the sanction letter/s, The quantum of the Loan advanced to me/us schedule as set out in the sanction letter(s) is a essential condition for the grant of payment instructions. Further, the prior written consent of Company shall be
shall be dependent on the internal policies of the Company from time to time. The required by me/us for changing the authorised signatories for my/our relevant
the loan.
amount of the loan will be conveyed to me/us by and under sanction letter/s issued company accounts(s) and/or for challenging or closing the bank account from
by the Company. I/We agree to abide by the terms and conditions of the sanction 14. The interest payable on the loan shall be charged on actual/reducing basis and which the PDCs were issued. In the event the cheque is lost in transit/ misplaced or
letter. The Loan along with interest, compound interest, default interest and such shall be computed as per the prevalent policy of the Company. Subject to prevailing for any reason the Company is not able to deposit any cheque in clearing, or if
other charges as are/may be payable by me/us to the Company are here in after policy of the Company with regard to the loan amount applied for by me/us and/or otherwise so required by the Company, I/We agree to forthwith give replacement
collectively referred to as "Dues". sanctioned to me/us, the interest shall be payable at such rate, on such dates and cheque(s) to the Company. The Company shall not in any way be responsible for
for such periods as may be specified by the Company and notwithstanding delay, omission or neglect in encashment, damage or loss of any cheques (given /
2. I/We am/are the owner/joint or several owners and am/are in possession of certain
anything contained herein or elsewhere, the interest payable by me/us shall be to be given by me/us to Company in terms hereof) for any reasons whatsoever.
gold including in the form of jewellery/ ornaments ("Gold Security") over which I/We
subject to the charges in interest rates made by the reserve Bank of India ("RBI")
will create a first and exclusive charge by way of pledge in favour of the Company 22. I/We hereby authorize the Company to carry out the real time gross settlement
from time to time as revising such interest rate, interest payment dates or periods
by depositing the same with the Company which shall remain deposited with the ("RTGS") / national electronic fund transfer (“NEFT”). I/We understand that RTGS /
from time to time based on the Company's internal policy decisions which
Company till any Dues confirm(s) that my/our title to the Gold Security deposited/to NEFT request is subject to the RBI regulations and guidelines governing the same.
decision(s) of the Company shall be the final and binding on me/us and the
be deposited by me/us as security is not defective/challenged by any person in any
Company shall not be required to give any reasons therefor and I/We hereby waive
manner nor is it me/us from genuine sources, is genuine gold, is my/our bonafide 23. I/We agree that and payments required to be made by me/us hereunder or towards
any change/reasons therefor and I/We may have in that regard. Upon any change
property and other person in any claim, lien or charge against it. the dues including but not limited to the interest / change / revision / maintenance /
/revision in the mode or manner or period of pursuant to an enhancement granted
enhancement of margin / processing fees / payment of loan though such modes as
3. In case the value of gold security falls lower than the required margin of the by the Company, if any, in accordance with clause 8 aforesaid, I/We shall execute
the Company may permit including (without limitation) electronic clearing system
Company as applicable from time to time, whether pursuant to an audit (as defined such revised ECS/SI mandate/PDCs as the Company may in its sole discretion
("ECS"), Standing Instruction ("SI"), PDCs, by use of /authorising debit / use of
hereinafter) or otherwise, without prejudice to the right to declare an event of require.
credit cards or debit cards, online payment through official website of the Company,
default under clause 22 here of and/or to right to sell the gold security and/or mobile platforms, mobile Banking and interactive voice response pursuant to calls
15. I/We agree that the loan may be prepaid, in whole or in part, by me/us by making a
exercise any other rights or remindies available with the Company hereunder or made by authorized officials of the Company or to the phone numbers specified by
request to Company and upon the Company confirming the same to me/us, which
under law, I/We shall, within 7 (seven) days of a notice from the Company in this
the Company may confirm on such conditions as it may deem fit, including without the Company, and subject to such further terms and conditions in this regard as
regard, at the Company's sole discretion, deposit with the Company, such
limitation the payment of prepayment or part payment charges as the case may be, may be communicated to me/us by the Company. I/We fully understand and agree
additional security, as may be required.
as stipulated by the Company, which prepayment and/or part payment charges that the Company shall in no manner be my/our part of any personal and/or loan
4. The valuation of the gold security shall be done by an assayer appointed by the may be applied and collected by the Company as the Company may deem fit. In details to any unauthorized personal falsely representing himself/herself as being
company and the loan amount shall be determined by the company on the basis of case of repayment any way of EMIs, in the event I/We prepay only part of the loan in any manner connected to the Company, and all risks in this regard shall lie with
value of the Gold security as set out in valuation report supplied by the assayer. and other dues then outstanding, EMI amounts shall continue to be the same as far me/us.
Such value shall be subject to the market price of the Gold security from time to as possible, with a proportionate reduction in the number of EMIs, unless the
Company decides otherwise 24. Without prejudice to the generality of the aforesaid, as far as ECS/SI/PDC models
time. The amount of the Loan will be conveyed to me/us by and under a sanction
are concerned, I/We shall execute such mandate to such Company with which
letter. I/We agree to abide by the terms and condition of the sanction letter.
16. Without prejudice to any other rights that the Company may have under law, in case I/We have an account for the purpose of ECS or execute such mandate with the
5. Upon maturity I/We shall either repay the loan along with interest, and such other of non-payment of any dues when due or demanded by Bank, I/We shall be liable to Company itself for the purpose of SI/PDC as the Company may require; I/We shall
dues as are payable by me/us to the company (Dues) or I/We may at any time, pay additional interest/default as Late Payment Interest get such ECS mandate accepted by such Company relation to such account; I/We
request a renewal/enhancement of the Loan which the company may grant us at its at such rate as may be prescribed by the Company till the date of full payment on shall at all times maintain sufficient balance in such account, the Company and the
sole and absolute discretion, subject in favour of the continuation of the pledge the dues including portion; as also if any interest remains unpaid on any date when form manner of the said mandate and execution and acceptance thereof shall be
over the Gold security in favour of company and provision of such other security it is due or payable, then the unpaid interest will be compounded monthly or in such as may be required by the Company and to complete satisfaction of the Company.
and in such form as the company may require and such variations in the rate of other manner as may be permitted by the RBI. I/We agree and confirm that, in case of ECS, forthwith upon the Company issuing
interest as the company may prescribe as per its policies prevailing at the time of instructions to the Company to which the ECS mandate is given by me/us, the said
such renewal / enhancement. 17. I/We shall pay all costs, charges and expenses, including stamp duty and legal Company shall transfer a sum equivalent to the dues (as communicated by the
costs on actual basis and other charges and expenses which may be incurred in Company) or as the case may be equivalent to the interest amount due from me/us
6. At the time of renewal of the Loan whether during of after the expiry of the tenure of prepartion of any documents related and/or incidental to the loan, as also for the (as communicated by the Company) to The account specified by the Company in
the Loan, I/We may request the company to grant the renewal to me/us on a enforcement of attempted enforcement of the security created to secure the dues this regards in case of SI/PDC, I/We hereby Irrevocably authorize the Company to
higher/lower loan to value ratio or any other term which the company may allow at I/We hereby authorized the Company debit my/our account(s) keep it with debit from my/our designated account held by me/us with the Company such sums
its sole and absolute discretion subject to the payment of a such fee as the Company towards any chargers/servicing the loan and other dues and upon towards the dues or as the case may be interest (as communicated by the
company may prescribe. my/our failure to meet any shortfall in cash the value of the gold security falling Company) on the respective due dates. I/We agree that I/We shall be solely and
7. The interest payable on the Loan shall be charged on actual/reducing basis shall lower than the required margin of the Company as applicable from time to time fully liable and responsible or liable for the same. I/We shall make myself/ourselves
be computed on the basis of the year of three hundred and sixty days. Subject to within 7 working days from the date of postage of notice from the Company in this aware of all risks related to and security measures required for the aforesaid
prevailing policy of the company with regard to (a) the Loan amount applied by us regard. purpose including from our Bankers and service providers. I/We agree that I/We
and sanctioned to us; and/or (b)loan-to-value, I/We may be required by the shall not, at any time until the loan is repaid in full along with dues to the Company,
18. The Company may obtain post dated cheques ("PDCs") from me/us to enable the withdraw, revoke or vary (except with express contest in writing of the Company)
company to pay the interest amount either on front-end basis or monthly basis. The
payment/repayment of the dues. any such ECS and/or SI mandate/instructions and/or PDCs or any other
Company may, at its sole discretion, shall also be entitled to deduct, prior to the
disbursement of any funds under the Loan, from the total amount of interest instrument/mode of payment issued by me/us as aforesaid.
19. I/We shall deposit with the Company, such number of duly signed PDCs with the
payable with respect to the Loan, including interest tax (if any). Company named as the payee therein, as the Company may in its absolute 25. I/We hereby represent(s) and warrant(s) that:
discretion require enabling the payment/repayment of the dues. I/We further agree,
8. I/We agree that the Company shall be entitled to conduct investigation, inspection (a) I/We am/are citizen(s) of India.
acknowledge and confirm that the said PDCs are intended to be used by the
and/or audit of/in connection with the quality, purity, value of gold security in the
Company to recover my/our dues to the Company at any time as the Company may (b) I/We confirm(s) that my/our title to the gold security deposited/to be deposited by
manner deemed fit by Company (collectively, "Audit"), at my/our cost at any time till
consider fit and proper and hereby unconditionally and irrevocably authorise the me/us as security is not defective/challenged by any person in any manner, nor is it
any dues hereunder remain owed to the Company by me/us without notice my/our
Company for the said purpose. On the applicable due date the Company shall spurious or of inferior quality as it has been acquired by me/us from genuine
presence, including by opening packets and seals, if any, in which gold security is
have, in its discretion, unconditional and irrevocable authority and powers, as sources, is genuine gold, is my/our bonafide property and no other person has any
kept. The Company may in its absolute discretion, use services of and rely on the
hereby given in favour of the Company, to deposit the same towards claim, genuine sources and is genuine gold of minimum 18 carat lien or charge
advise of any expert or valuer or assayer in this regard. I/We guarantee for my/our
payment/repayment of the dues. I/We hereby confirm that I/We ensure that against it.
obligations towards the Company under the loan, and I/We hereby consent to our
sufficient funds are available in the account to which the said PDCs relate to enable
obligations under the loan being guaranteed by such guarantor(s) as the Company (c) I/We shall utilize the loan solely for the purpose stated in the application
the Company for repayment of my/our dues. In case the PDCs are not
may require including without limitation by any valuer or assayer. form/sanction letter(s) and the loan will not be used for any other purpose including
honored/cleared on presentation with the issuer Bank, due to any reason
any speculative or antisocial purpose, or for the purchase of gold or investment in
9. The findings of the Company pursuant to its audit including any specific findings on whatsoever, and due to which the Company is unable to receive its dues from
speculation of gold.
the quality, purity or value of the gold security would be binding on me/us and I/We me/us, then it would constitute an offence under section 138 of the negotiable
shall not in any manner dispute the same and I/we shall do all such acts, as instruments act, 1881 and the Company may take such action against me/us as (d) all directions made by me/us including the declaration on the relationship with other
recognize and agree that any failure on my/our part to comply with the directions of may be advised. Prior to the said PDCs issue fresh cheques to the Company, Bank(s)/the financing Company herein are true and complete and no material
the Company and/or if the gold security is found by the Company to be not genuine irrespective of whether being called upon by the Company to do so, and the said information has been suppressed/withheld.
or of dispute value, quality or purity, it shall amount to an event of default, entitling instruments would be governed by the provisions hereof. (e) I/We shall perform and am/are bound by all the covenants/conditions set out
the Company to forthwith recall the loan along with interest and other dues thereon herein, in the sanction letter and any further conditions as may be prescribed by the
20. I/We hereby give power and authority to the Company in the following terms:
and also entitling the Company to enforce the pledge on the gold security. Company and
(i) I/We Hereby irrevocably nominate, constitute and appoint the Company acting (f) I/We confirm(s) the Company is not representing the value of the gold security to
10. This declaration has been made by me/us irrevocably and unconditionally and
through any of its officers, agents as their true and lawful attorney for the Company me/us in any manner whatsoever. I/We recognize that for valuation at times
shall remain valid and in force till such time as the Company may determine in its
on their behalf and their cost and risk to do, execute and performing all or any of the detailed audits are required, which the Company may conduct in its discretion from
discretion and shall be applicable so as to cover the loan for the entire tenure there
following acts, deeds, matters and things: time to time.
of and all renewals thereof. The tenure of the loan shall be___ months from the date
of the first disbursement of the loan (or of any part of the loan), or such other period (a) to deposit the PDCs towards payment /repayment of the dues or any part thereof, (g) I/We confirm (s) that the value of the Gold Security as determined by the assayer.
as may be set out in the sanction letter(s). without notice to me/us in this behalf. and set out in the valuation report is acceptable and final and binding on me/us.
11. The loan shall be repayable either by way of the bullet repayment or by way of 26. The Company may, without assigning any reason and upon written notice to me/us
equated monthly installments as may be specified in the sanction letter(s) or as (b) to appoint or engage any agent, courier agencies, correspondent facility providers
cancel in full or in part the loan and demand repayment thereof. Upon such notice,
may otherwise be specified by the Company to me. In case the loan is repayable by for ensuring safe holding of the PDCs and having the same picked up, processed
the said dues shall become forthwith due and payable by me/us to the Company.
way of bullet repayment, clause [8] hereof shall apply and in case the loan is and cleared at my/our risks and costs.
(ii) for the better doing, performing and executing all the matters and things aforesaid, 27. The following events shall constitute events of default hereunder (each an "Event
repayable by way of equated monthly installments clause [9] hereof shall apply.
I/We hereby further grant unto the said Company full power and authority to of Default"), upon the occurrence of any of which the said dues shall become
12. In case the loan is repayable by way of bullet repayment, forthwith upon maturity of immediately due and payable by me/us to the Company and further enable the
substitute and appoint in its place and stead on such terms as it may think fit one or
the loan (maturity of the loan shall mean the expiry of the tenure of the loan) or Company inter alia to recall the loan and/or enforce the gold security and other
more attorney/s to exercise for me/us as my/our attorney/s any or all the powers
earlier termination of the loan (as specified in clauses 5 and 22 hereof), as the case security and other security, if any, furnished hereunder and sell the same:
and authorities hereby conferred, to revoke any such appointments and to
may be renewed from time to time upon my/our request however at the Company's
substitute or appoint any others person/s in place of such attorney/s as Company (a) failure on my/our part to perform any of my/our obligations hereunder or under the
sole and absolute discretion, subject to such terms and conditions as the Company
may from time to time think fit. sanction letter(s) or if any circumstance or event occurs which adversely affects
may deem fit to impose, including without limitation the continuation of the pledge
my/our capacity to repay the loan and/or dues or any part thereof or perform any of
over the gold security in favour of the Company and provision of such other (iii) these irrevocable grants of powers by me/us to the Company are for consideration my/our obligations.
variations in the rate of interest as the Company may prescribe as per its policies coupled with interest and for that purpose and extent shall be governed by section
prevailing at the time of such enhancement. 202 of the Indian contract act. 1882. (b) if any of the representation, declarations, or statements or particulars made by
me/us in the application, or herein, including in relation to the quality and quantity of
13. In case the loan is repayable by way of equated monthly installments, the (iv) I/We hereby further agree to ratify and confirm all and whatsoever that the the gold security, are found to be false, misleading or incorrect any breach by the
principal/loan and the other then outstanding dues of the Company, if not Company shall do or cause to be done in or about the premises by virtue of the borrower of any of the terms and condition herein.
demanded earlier by the Company as mentioned in clauses 5 and 22 hereof, shall powers herein given. (c) in case the loan is to be repaid by way of bullet repayment, if the loan is not repaid

6
 along with all outstanding dues on the sate of maturity or earlier recall of the loan by 30. The gold security or such part of the gold security as has not been sold pursuant to and/or any other Persons, or any of their respective assets,] under the
the Company. the terms hereof will be released only after payment in full of the said dues by me/us Securitisation and Reconstruction of Financial Assets and Enforcement of Security
(d) in case the loan is to be repaid by way of EMIs \, if I/We fail to pay any EMI or any to the Company to the complete satisfaction of the Company and only after notice Interest Act, 2002 and/or the Insolvency and Bankruptcy Code, 2016 and the rules
other dues on its due date or when demanded by the Company. days (being days on which the Company is working) from the date of such final and regulations framed thereunder, and HDBFS shall stand absolutely entitled to
payment. The Company may release the gold security as aforesaid to me/us, and exercise such rights/remedies thereunder irrespective of the initiation, pendency,
(e) in the event of non-servicing of interest by me/us on any due date. in case of co-borrowers to either of us. In case of co-borrowers, the Company shall or continuation of any other arbitral or other legal action or proceedings.
(f) upon detection of any fraud including a systemic fraud in relation to the quality of not be in any manner liable to any of the co-borrowers for releasing the gold
(k) Notwithstanding anything to the contrary contained hereinabove, in the event that
the gold security by the Company. security or any part thereof to any one of them upon repayment/payment of the
HDBFS, as a result of a change in Applicable Law or otherwise, becomes entitled to
dues as set out herein and the Company shall upon release to either of the co-
(g) if the value of the said gold security falls lower than the required margin of the recover the dues owed to it or be treated as a 'financial institution' under the
borrowers of any and all liabilities in that regard.
Company as applicable from time to time, due to change in market price (whether Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (“RDDBFI
actual or reasonably anticipated) or any other reason or if there is any deterioration 31. In addition to any general lien or similar right to which the Company as Bankers Act”) and to exercise rights/remedies thereunder, the Borrower, [the guarantors
or impairment of any security or any part thereof, which causes the security in the may be entitled by law, practice, custom or otherwise, the Company may at any and the security providers, if any] hereby expressly agree and consent that HDBFS
judgment of the Company to become unsatisfactory in character or value. time and without notice to me/us combine or consolidate all or any of the my/our shall be entitled to exercise the rights and remedies available to HDBFS under the
accounts with and liabilities to the Company and set off or transfer any sum or sums RDDBFI Act including to recover the outstanding amounts/ dues from the Borrower
(h) if it is discovered that there is any collusion between the assayer and me/us
standing to credit of any one or more such accounts in or towards satisfaction of [and/or the security providers and/or the guarantors, if any], or any other Persons,
resulting in a fraudulent or erroneous valuation of the gold security or in case the
any of my/our liabilities to the Company on any other account or in any other by filing proceedings with any of the debt recovery tribunals constituted thereunder.
Company has a reasonable suspicion in this regard.
respect, whether such liabilities be actual or contingent, primary or collateral and In addition, the Parties agree that in the event that HDBFS is empowered to
(i) if any attachment, distress, execution or other process against me/us or any of the several or joint. The Company may also exercise line on any gold security in exercise rights and powers under the provisions of the DRT Act as aforesaid, the
security is enforced or levied upon; respect of dues in relation to anyother accounts held by me/any of us with the provisions of sub-clauses (a) to (f) above and the agreement to arbitrate as
(j) in the event of death, insolvency, failure in business, commission of an act of Company between HDBFS and the Borrower, [guarantors and security providers, if any]
Bankruptcy of either of us borrower(s); shall, at the option of HDBFS, cease to have effect.
32. The Company shall have the right to stipulate any other and further terms and
(k) if at any time before the loan is repaid in full alongwith all dues to the Company, conditions that it may deem it at any time prior to or after the grant of the loan, which (l) The provisions of the Clause 28 above and this Clause 31, shall survive the
there is any withdrawal, revocation or variance/ modification (except with the shall be binding on me/us. All rights, of the Company stipulated herein shall be in termination of this Agreement.
express consent in writing of the Company) of any ECS and/or SI addition to the rights, powers and remedies available to the Company under law.
The Company reserves the right to retain the photographs and documents 35. I/We understand that the sanction of this loan is at the discretion of the Company
mandate/instructions and/or PDC's or any other instrument/mode of payment
submitted with this application and will not return the same to me/us. The Company and upon my/our executing necessary documents, creating necessary security
issued by me/us pursuant to the terms hereof;
shall, without reference to or any intimation to me/us, be absolutely entitled and and completing other formalities as required by theCompany. I/We authorise the
(l) an attempt by me /any of us, without prior written consent of the Company, to create Company to conduct such credit checks as it considers necessary in its sole
have full power and authority to sell; transfer, assign or securitize to any third party
any charge, lien, mortgage or any other encumbrance over the gold security. discretion and also authorise the Company to release such or any other information
or person as the Company may decide, the facility any and all outstanding dues,
(m) if/we fail to pay any charges payable for dishonour of the PDCs in terms and any rights, benefits and/or obligations hereunder in any manner, in whole or in part in its records for the purpose of credit appraisal / sharing or for any other purpose.
conditions hereof and on such terms as the Company may decide. Any such assignments shall be I/We further authorise the Company to make any enquiries with any other finance
binding on me/us. I/We shall not be entitled directly or indirectly to company / Company / registered credit bureau regarding my/our credit history to
(n) if any of the PDCs delivered or to be delivered by me/us to the Company in terms any other Bank / finance company / registered credit bureau.
and conditions hereof is dishonoured for any reason whatsoever on presentation. sell/transfer/assign my/our benefits or obligations hereunder without the prior
written permission of the Company. 36. The Company shall have the right to make disclosure of information relating to
(o) if any instructions given by me/us for stop payment of any PDC deposited by me/us
with the Company, for any reason whatsoever. 33. The validity, interpretation, implementation and resolution of disputes arising out of me/us, loan, facility, security, defaults, obligations assumed by me/us, to the credit
or in connection with this Agreement shall be governed by the laws of India. information bureau of India (CIBIL) and/or any other governmental / regulatory /
28. Upon the occurrence of an event of default, without prejudice to any other rights statutory or private agency as required under law from time to time. I/We hereby
that the Company may have under applicable law or otherwise, the Company shall authorise and give consent to the Company to disclose, without notice to me/us, as
34. Dispute Resolution
be entitled to sell by privatetreaty or public auction or otherwise the gold security in also any information relating to me/us in application form(s) / related documents
the open market after giving me/us a notice of 7 working days (which shall mean (a) Subject to sub-clauses (g) and (h) below, any dispute or disagreement arising out executed / to be executed in relation to the facilities availed from the Company, to
days on which Banks at the place where the branch of the Company from which the of or in connection with this Agreement (“Dispute”) shall be submitted to arbitration CIBIL, RBI, the Company's other branches / subsidiaries / affiliates / credit bureau /
loan is disbursed is located are open and working in their regular course of and shall be finally resolved by arbitration in accordance with the Arbitration and rating institutions, governmental / regulatory authorities or third parties who may
business) which I/we agree is a reasonable period for the purpose of section 176 of Conciliation Act, 1996, with a sole arbitrator (“Arbitrator”) to be appointed by process the information, publish if required , as also use for KYC information
the contract, 1872. The proceeds so realized from the sale of the gold security shall HDBFS. verification, credit risk analysis, or for other related purposes. I/We waive the
at the Company's discretion be utilized towards the repayment of dues under the privilege of privacy and privity of contract.
loan. In the event that the proceeds so realized are insufficient to meet the amount (b) The place of arbitration shall be branch of the Company granting Loan is situated
of dues, the Company may (without prejudice to the right of the Company to and the arbitration shall be governed by the provisions of the Arbitration and 37. I/We confirm having received, read and fully understood the terms and conditions
otherwise do so) take such other and further actions as it may deem necessary to Conciliation Act, 1996 and each of the Borrower [and the guarantors and the applicable to this loan and accept unconditionally hereby without notice any
realize the balance amount from me/us. Provided that the Company shall not be security providers, if any] irrevocably waive any objection it may have now or in the additional terms and conditions that the Company may at any time stipulate and
obligated to first exhaust the remedy of enforcing/selling the gold security before future to the laying of the venue of such arbitration proceedings and any claim that I/We will be bound by such amended terms and conditions.
initiating any other legal actions/proceedings and shall be entitled to take/initiate any such proceedings has/ have been brought in an inconvenient forum.
38. I/We hereby confirm that I/We have read and/or have independently had the
such legal actions/proceedings/actions against me/us and/or other persons at any aforesaid terms and conditions translated accurately in my/our vernacular
time at Bank's discretion, whether prior to, simultaneously or subsequent to other (c) The language of the arbitration proceedings shall be English.
language and I/We have completely understood the same to my/our satisfaction.
remedies including sale/enforcement of gold security. In case of more than one I/We understand that disbursal of the loan as also my/our acceptance of the
(d) The award, including interim award(s) of the Arbitrator shall be final, conclusive and
borrower, I/we agree that my/our liability shall be joint and several. I/we hereby sanction letter issued by the Company shall be a deemed confirmation, agreement
binding on all the parties concerned.
authorise and give consent to the Company to disclose (without adding any and declaration on my/our part that these terms and conditions shall apply to the
obligation on the Company to do so), default details, loan, interest details, gold (e) Unless otherwise determined by the arbitrator, the costs and expenses of the loan disbursed /sanctioned.
security details, information furnished by me/us in application form(s)/related arbitration, including, without limitation, the fees of the arbitrator, shall be borne by
documents executed/to public at large or such persons as may be deemed fit by the Borrower. If HDBFS is required to enforce an arbitral award by initiating a legal 39. In event of loss of the gold from the custody of company due to theft, burglary or for
Company for the purpose of auction, enforcement or sale of gold security etc. I/we action or proceedings of any kind, then the party against whom such legal action or any similar reason (not being a result of any act or omission on the part of borrower)
waive the privilege of privacy and privity of contact. proceedings are taken/ initiated shall pay all reasonable costs and expenses the liability of company hall be limited to paying the borrower the market value
including inter alia, the attorney fees, cost of additional litigation or any other action prevailing on the date of dispatch of intimation of loss of the net weight of gold as set
29. I/We agree that any notice of sale of gold security) be addressed at my/our address out in the appraiser certificate issued by HDB plus 15% making charges at
mentioned in the application from and any be sent via: (a) register AD; (b) hand as deemed necessary by HDBFS under applicable law.
aforesaid gold rate Subjected to however to the result of investigation ,inspection
delivered; or (c) sent via email to the email address mentioned in the application (f) It is clarified that HDBFS shall, at its discretion, be entitled to consolidate and or audit /in connection with quality ,purity value of gold conducted by Company. The
from; (d), short message service (sms) to my/our mobile phone(s); (e) by any other combine any arbitral or other legal proceedings initiated or proposed to be initiated company shall not be liable to return the imitation or replica of gold security.
postal mode; or (f) by courier. Such service shall be deemed to have been effected under this Agreement with any arbitral or other legal proceeding initiated or
in vase of delivery by registered AD or any other mode of postal service, on the If a due date in respect of any amounts payable in respect of the facility under the
proposed to be initiated under one or more of the other Documents.
expiry of the 4th day of the date on which it is delivered, if given or made by email, loan terms falls on a day which is not a business day at the place where the
upon receipt or made by facsimile, upon receipt of a transmission report confirming (g) With reference to all or any matters referable/ capable of being referred to/ being payment is to be made, the immediately preceding business day shall be due date
dispatch, in case any such notice is sent by more than one of the models specified instituted in courts and tribunals pursuant to or in relation to the process of for such payment.
in this clause 25, whichever is the earliest. I/We hereby undertake to keep the arbitration as set out in sub-clauses (a) to (f) above, each party submits itself to the 40. The Borrower confirms that the disbursement of the loan by the Company to the
Company informed at all times in writing of any change in my/our mailing address, jurisdiction of the courts and tribunals of city in which the branch of the Company Borrower pursuant to the execution and submission of this Application Form shall
email id, phone and mobile number(s) and to obtain Company written granting Loan is situated. be deemed to amount to acceptance by the Company of the request/proposal of
acknowledgment on the intimation given to Company for any such change. Any
the Borrower for grant of the loan and shall constitute, without the requirement of
notice as aforesaid by the Company to me/us to any of the aforesaid address, email (h) Notwithstanding anything to the contrary contained hereinabove, with reference to
further execution of any deed, document, writing or instrument by or between the
id, phone and mobile number(s), shall be deemed to have been properly and fully all or any other matters which are not arbitrable/ capable of being arbitrated in the
Borrower and/or the Company, a valid and binding agreement between the
delivered to/on me/us and the service completed on the respective days/dates as manner set out hereinabove and are required to be referred to/ be instituted in
Borrower and Company; and
mentioned aforesaid irrespective of the fact that the same may be returned courts and tribunals, each Party submits itself to the jurisdiction of the courts and
undelivered for any reason and in any such case of non-delivery the Company shall tribunals of city in which the branch of the Company granting Loan is situated. 41. The Borrower hereby acknowledges and confirms that the loan sanctioned, and/ or
not be required give any further notice through said modes or alternative modes any amounts disbursed by the Company to the Borrower pursuant to the
(i) Notwithstanding what has been stated in sub-clauses (g) and (h) above, [each of] Application Form shall be governed by and be subject to the terms and conditions
even if postal authorities or the other medium(a) advise/inform/show in such case
the Borrower, [the guarantors and the security providers, if any,] acknowledge and as set out herein, which terms and conditions shall be irrevocable on the part of and
that I/We are not residing or available or found at such address or for any address
agree that HDBFS may, however, in its absolute discretion, commence any legal binding on, the Borrower.
or number not being functional, in order or matched, and I/We shall not be entitled
action or proceedings arising out of this Agreement against any of the Borrower
to raise any objection and hereby waive any objection I/We may have in respect of
[and/ or the guarantors and/ or the security providers, if any,] in a court, tribunal or I/We confirm to have received copy of the sanction letter dated______________ and
non-delivery etc. Including for any of those address, email id, phone and mobile
any other appropriate forum situated in any other part of India and each of the have understood the contents therein. I have read through the terms and conditions of
number(s) furnished by me/us being incorrect or improper or in case of any change
Borrower [and the guarantors and the security providers, if any] irrevocably submit the grant of loan which was provided to me in english and ___________________
in the same which is not communicated by me/us to Company in writing with
to and accept for itself and in respect of each of its property, generally and language in which i am conversant and comfortable with and have understood the
acknowledgment thereon of the Company obtained prior to any such notice by
unconditionally, the jurisdiction of such court or tribunal, and each of the Borrower implication of terms and conditions.
Company. The time required for delivery will be included in the notice period
[and the guarantors and the security providers, if any] irrevocably waive any
provided in clause 24 hereinabove and shall not be in addition to the said notice
objection it may have now or in the future to the laying of the venue of any legal
period. The mailing address, email id, phone and mobile numbers(s) as provided
action or proceedings and any claim that any such legal action or proceedings has/ Date :
by me/us in the application form (and as may be communicated in writing by me/us
have been brought in an inconvenient forum.
to the Company in case of change as aforesaid with Company acknowledgment Place :
thereon of the Company obtained) are/shall be fully correct and proper and in case (j) Subject to applicable law, nothing contained herein shall be construed as
any of them turn out to be incorrect or improper , I/We same and the consequences extinguishing, limiting or ousting the rights prejudicing any action undertaken by
arising therefrom including for addressed to me/us by the Company at the HDBFS and/ or the remedies of/ available to HDBFS, if available now or in the
Signature of the borrower
aforesaid mailing address, email id, phone or mobile number(s). future as against the Borrower, [the security providers and/or the guarantors, if any