LOAN AGREEMENT

1. DEFINITIONS AND INTERPRETATION

1.1 In this Agreement, unless the context otherwise requires:

• "Agreement" means this Loan Agreement including all schedules, annexures, and amendments thereto;
• "APR" means Annual Percentage Rate, being the annualized cost of credit expressed as a percentage;
• "Business Day" means a day (other than Saturday, Sunday or public holiday) on which banks are open for business in Jaipur, Rajasthan;
• "Disbursement Date" means the date on which the Loan or any part thereof is disbursed to the Borrower;
• "EMI" means Equated Monthly Instalment payable by the Borrower;
• "Event of Default" has the meaning ascribed to it in Clause 10;
• "Facility" or "Loan" means the credit facility extended by the Lender to the Borrower under this Agreement;
• "Outstanding Amount" means the principal, interest, fees, charges and all other sums due from the Borrower;
• "Reducing Balance Method" means the method of interest calculation where interest is computed on the diminishing principal balance after each EMI payment;
• "Sanction Letter" means the letter issued by the Lender sanctioning the Loan facility to the Borrower;

1.2 Words importing the singular include the plural and vice versa. References to clauses are to clauses of this Agreement.

2. FACILITY DETAILS

2.1 The Lender agrees to lend and the Borrower agrees to borrow the Loan Amount on the terms and conditions set forth herein.

2.2 The Loan shall be utilized solely for the purpose stated in the loan application, being: {{LOAN_PURPOSE}}

3. DISBURSEMENT

3.1 Subject to fulfillment of all conditions precedent, the Loan shall be disbursed:

• In lump sum or in tranches as determined by the Lender;
• By electronic transfer to the Borrower's designated bank account: {{BANK_ACCOUNT_NUMBER}} with {{BANK_NAME}}, IFSC: {{IFSC_CODE}};
• Net of processing fees and applicable taxes.

3.2 The Borrower acknowledges that disbursement shall constitute conclusive proof of the Borrower having received and accepted the Loan on the terms herein.

3.3 Conditions Precedent: Disbursement is subject to: (a) execution of this Agreement; (b) submission of all required KYC documents; (c) verification of creditworthiness; (d) any other conditions specified in the Sanction Letter.

4. INTEREST CALCULATION AND APR EXPLANATION

4.1 Interest Rate: Interest shall be charged at {{APR}}% per annum on the reducing balance method.

4.2 Reducing Balance Method: Under this method:

• Interest is calculated only on the outstanding principal balance;
• As each EMI is paid, the principal portion reduces the outstanding balance;
• Subsequent interest is calculated on this reduced balance;
• This results in progressively lower interest and higher principal components in each EMI over time.

4.3 APR Disclosure: The Annual Percentage Rate (APR) represents the true cost of borrowing on an annualized basis and includes:

• Nominal interest rate;
• Processing fees;
• Any other charges mandatory for obtaining the loan.

4.4 Interest Computation Period: Interest shall be computed on a 365-day year basis (366 days for leap years) and charged on a monthly rest basis.

4.5 Penal Interest: In case of default in payment of EMI, penal interest at the rate of {{PENAL_INTEREST_RATE}}% per annum shall be charged on the overdue amount from the due date until actual payment.

5. FEES AND TAXES

5.1 Processing Fee: {{PROCESSING_FEE_PERCENT}}% of the Loan Amount plus applicable GST @ 18%, payable upfront and deducted from disbursement.

5.2 Other Charges (if applicable):

5.3 GST: Goods and Services Tax at applicable rates (currently 18%) shall be charged on all fees and charges as per prevailing tax laws.

5.4 The Borrower shall bear all stamp duty, registration charges, and other statutory levies applicable to this Agreement.

6. REPAYMENT AND EMI SCHEDULE

6.1 The Borrower shall repay the Loan along with interest by payment of EMIs as per the schedule in Annexure A.

6.2 EMI Payment:

• EMI of {{EMI}} shall be payable on the {{EMI_DUE_DATE}} of each calendar month;
• First EMI shall be due on {{FIRST_EMI_DATE}};
• Last EMI shall be due on {{LAST_EMI_DATE}};
• Payment shall be made through NACH/ECS mandate or such other mode as specified by the Lender.

6.3 Application of Payments: All payments received shall be appropriated in the following order: (a) costs and expenses; (b) penal interest and charges; (c) accrued interest; (d) principal outstanding.

6.4 Prepayment:

• Partial prepayment is permitted after completion of 6 (six) EMIs;
• For individual borrowers, no prepayment penalty shall be charged as per RBI guidelines;
• Prepayment shall require 15 days' prior written notice to the Lender.

6.5 The detailed EMI amortization schedule is attached as Annexure A to this Agreement.

7. SECURITY / COLLATERAL

7.1 Nature of Security: {{COLLATERAL_DETAILS}}

7.2 If this is a secured loan, the Borrower hereby:

• Creates a charge/hypothecation over the security described above in favor of the Lender;
• Undertakes to maintain the security in good condition and insured (where applicable);
• Shall not create any encumbrance over the security without Lender's written consent;
• Authorizes the Lender to register the charge with relevant authorities.

7.3 If this is an unsecured loan, the Borrower acknowledges that the Loan is extended based on the Borrower's creditworthiness and the representations made in the loan application.

8. REPRESENTATIONS AND WARRANTIES

8.1 The Borrower represents and warrants that:

• The Borrower is of legal age and capacity to enter into this Agreement;
• All information provided in the loan application is true, complete, and accurate;
• The Borrower has no pending litigation that may adversely affect ability to repay;
• The Borrower is not insolvent or subject to any bankruptcy proceedings;
• The Loan is being availed for lawful purposes only;
• All documents submitted are genuine and not forged or fabricated;
• The Borrower has disclosed all existing financial liabilities;
• There is no Event of Default subsisting under any other credit facility.

8.2 These representations and warranties shall be deemed to be repeated on each date an EMI is due.

9. COVENANTS

9.1 Affirmative Covenants: The Borrower shall:

• Pay all EMIs and other dues punctually;
• Immediately inform the Lender of any change in contact details, employment, or address;
• Provide such information and documents as the Lender may reasonably request;
• Maintain sufficient balance in the designated account for EMI deductions;
• Comply with all applicable laws and regulations;
• Notify the Lender immediately upon occurrence of any Event of Default.

9.2 Negative Covenants: The Borrower shall not:

• Divert the Loan for purposes other than stated;
• Create any charge or lien on the security (if applicable) without prior consent;
• Enter into any arrangement that would adversely affect repayment capacity;
• Make any misrepresentation to the Lender.

11. SET-OFF AND ASSIGNMENT

11.1 Right of Set-off: The Lender shall have the right to set-off any amounts due from the Borrower against any amounts the Lender may owe to the Borrower.

11.2 Assignment by Lender: The Lender may at any time assign, transfer, or securitize its rights under this Agreement without the Borrower's consent. The Borrower shall continue to be bound by this Agreement.

11.3 Assignment by Borrower: The Borrower shall not assign or transfer any rights or obligations under this Agreement without the Lender's prior written consent.

12. NOTICES

12.1 All notices under this Agreement shall be in writing and deemed duly given if:

• Delivered personally;
• Sent by registered post/speed post with acknowledgment due;
• Sent by email to the email addresses specified in this Agreement.

12.2 Lender's Address for Notices:

UTTHAAN CORPORATION PRIVATE LIMITED
63 Pawan Putra Colony, Karni Palace Road, Panchyawala,
Jaipur, Rajasthan 302034
Phone: 04843519355
Email: GRIEVANCE@UTTHANCAPITAL.in

12.3 Borrower's Address for Notices: As specified in the preamble of this Agreement.

13. DATA SHARING AND CREDIT BUREAU CLAUSE

13.1 The Borrower hereby expressly authorizes the Lender to:

• Disclose information relating to this Loan and the Borrower's credit history to Credit Information Companies (CICs) including CIBIL, Experian, Equifax, CRIF High Mark;
• Obtain credit information reports from CICs for credit appraisal and monitoring;
• Share information with RBI, other regulatory authorities, and statutory bodies;
• Share data with the Lender's group companies, affiliates, and service providers for operational purposes.

13.2 The Borrower acknowledges that:

• Default in payment will be reported to CICs and will adversely affect credit score;
• This information may be accessed by other lenders for credit decisions;
• The Lender is not liable for any consequences arising from such disclosure.

13.3 The Borrower confirms having read and understood the privacy policy of the Lender.

14. GOVERNING LAW AND JURISDICTION

14.1 This Agreement shall be governed by and construed in accordance with the laws of India.

14.2 The courts at Jaipur, Rajasthan shall have exclusive jurisdiction over any disputes arising out of or in connection with this Agreement.

14.3 The Borrower hereby submits to the jurisdiction of the courts at Jaipur and agrees that the Lender may also initiate proceedings in any other court of competent jurisdiction.

16. ANNEXURES

The following Annexures form an integral part of this Agreement:

• Annexure A: EMI Amortization Schedule
• Annexure B: Sanction Letter
• Annexure C: NACH/ECS Mandate Form
• Annexure D: KYC Documents (copies)