1. This sanction shall be available to the Borrower(s) for a period of 30 days from date of this letter provided the Borrower(s) deposits with Credits Loan, the administrative charges/expenses/pre-determined expenses mentioned overleaf at the time of delivering the accepted copy of this letter to Credits Loan. The processing fees received are non-refundable. For details of the various fees and charges applicable, please refer website.

2. Repayment of loan amount will be through instalments / EMI's comprising of principal and/or interest. The prepayment of the loan shall be made and accepted as per policy and rules of Finance Banks and in accordance with statutory guidelines, issued from time to time and as applicable at the time of prepayment. Where there is no policy, rules and guideline then the prepayment fees and charges shall be applicable as per the terms of Loan Agreement and the mutually agreed prepayment charges, more particularly mentioned in the schedule of the Loan Agreement.

3. The loan amount and terms sanctioned by Credits Loan besides all other terms and conditions, against applied amount and tenure is final and binding to the Borrower(s).

4. Each of the events or circumstances set out herein is an Event of Default: Non-payment of principal or interest on the due dates. The Borrower(s) apply(ies) and/or utilize(s) the Loan(a) for such purposes which are not permitted under the Loan Agreement and or (b) for any purpose which is considered and/or deemed to be unlawful, illegal or contravene the provisions of any applicable laws, rules and regulations. Any representation or statement made or repeated by the Borrower(s) in the Loan application, KYC verification or any other document under or in connection with availing of personal loan facility is incorrect or misleading in any respect when made or it is or becomes unlawful for the Borrower(s) to perform any of its obligations under the Loan Agreement. If the payment of any EMI is refused due to reason, stop payment or account closed or the customer withdraws / revokes the payment mandate.

5. On and at any time after the occurrence of an Event of Default, Credits Loan may, with or without any notice to any of the borrower(s) and with or without the intervention of the court/arbitrator, cancel / recall the Loan whereupon the Borrower's dues shall become immediately repayable/payable.

6. Credits Loan is authorized to disclose, from time to time, any information relating to the loan to any credit bureau (existing or future) approved by Government of India and Reserve Bank of India Without any notice to the Borrower(s). Credits Loan is also authorized to make inquiries with the CIC (Credit Information Companies) and get the applicant's Credit Information Report.

7. On and at any time after the occurrence of an Event of Default, Credits Loan may, with or without any notice to any of the borrower(s) and with or without the intervention of the court/arbitrator, cancel / recall the Loan whereupon the Borrower's dues shall become immediately repayable/payable.