Table of Contents

[Link]. Content

1 Agreement

2 Key Fact Statement

3 Term and Condition

4 AD Mandate

5 BT Letter

Digitally Signed by:

Name:JAGAMOHAN JENA
Reason:Digital eSign
Date:Fri Jun 14 [Link] IST 2024
Credit Application From (Personal Loan)
Application No:US0000328046
Date:14-06-2024

Introduction

1. All applicants, which expression shall, as the subject or context may admit or require, mean any or
each of the Applicant ("Applicant's ") - whether individuals, proprietary concerns, partnership,
limited liability partnerships or companies who wish to avail of financial assistance detailed below
(the "Facility ") from ICICI Bank for any purpose specified below in this Application Form (the "
Purpose") are required to fully fill-in and submit this Application Form (and along with all other
necessary details and documents) to ICICI Bank for applying for the same.

2. ICICI Bank shall be entitled at its sole and absolute discretion to reject/approve any Application
Form submitted by the Applicant(s).

3. The Applicant's request for the Facility vide this Application Form and the Facility shall be subject
to the terms hereof.

4. Application Form along with additional documents (if any), submitted shall be considered by ICICI
Bank and if the same is to the satisfaction of ICICI Bank, ICICI Bank shall disburse the requested
Facility to the current account of the Applicant(s).

5. The Applicant(s)'s request for the Facility vide this Application Form, and the sanction of the same
by ICICI Bank and/or disbursement of the facility, shall be subject to and governed by ICICI Bank.

6. All capitalized terms used but not specifically defined in this Application Form shall have the
respective meanings ascribed to them under the Standard Terms.
Digitally Signed by:
Name:JAGAMOHAN JENA
Reason:Digital eSign
Date:Fri Jun 14 [Link] IST 2024
 Personal Details - Individual
Name JAGAMOHAN JENA
Date of Birth 15/07/1990
Gender Male
Religion Hindu
Category General
Father's Name BRAJABANDHU JENA
Mother's Name SHANTILATA JENA
Mobile Number +91 7406397996
E-mail Address jaguni007@[Link]
PAN AUNPJ2321G
Employer name ERICSSON INDIA PRIVATE LIMITED
Employment
Private Limited
type
Office email id
Identity Proof Aadhar
Identity Proof
XXXXXXXX5737
Number
Address Proof Aadhar
Address Proof
XXXXXXXX5737
Number
Citizenship INDIAN
Residential
RI
status
Disbursement
Direct Credit to Account Number
Mechanism
Savings Digitally Signed by:
Name:JAGAMOHAN JENA
account 006101597467 Reason:Digital eSign
Date:Fri Jun 14 [Link] IST 2024
Number
Bank ICICI BANK LIMITED
Branch BHUBANESWAR
IFSC ICIC0000061
Repayment
AUTO DEBIT
Mode
Repayment
Monthly
Frequency
Last EMI date 05/06/2030
Purpose of
Personal Loan
facility
Address Type Communication Address
Current Address Permanent Address
A 404 ,OFFICERS ENCLAVE SIJUA MARKANDA PADA ,
Address Line 1
SUANGABHUBANESWAR 751019 MARKANDA PANDA SUKALA
NERA MANGALA TEMPLE ,
Address Line 2 NEAR AIIMS ,aiims
MARKANDA PADA
Address Line 3 Bhubaneshwar ,Khordha Sukala ,Puri ,Puri
City Bhubaneshwar Puri
State Odisha Odisha
Country IND IND
Pin code 751019 752014
Declarations
1. I/we declare that all the particulars and information and details given/filled in this Application Form
and documents submitted are true, correct, complete and up-to date in all respects and that the
Applicant has not withheld any information whatsoever and shall furnish such additional writings,
documents as may be required in connection with the financial assistance/s required by the
Applicant. I/We understand that certain particulars given by us are required in view of the
guidelines governing banking companies.

2. In addition to the representations, declarations, warranties and confirmations given by me/us in

this application form, I / we do here by represent, warrant, make and confirm to ICICI Bank each
of the representations, declarations, warranties and confirmations set out in Standard Terms( as
defined below) and do hereby further represent, warrant and confirm to ICICI Bank that each of
such representations, declarations, warranties and agreements are, true, correct, valid, and
subsisting in every respect as date of this application form and all such shall representations,
declarations, warranties and agreements shall survive the execution and delivery of this
application form, the provision of the Facility pursuant to this Application form and the repayment
/payment in full of the Facility and all monies in respect thereof.

3. I hereby represent, warrant and confirm that the loan has been taken for a valid purpose and is
not speculative or illegal in any manner. I also declare that funds under the facility will not be used
towards purchase of gold in any form, including primary gold, gold bullion, gold jewellery, gold
coins, units of gold exchange traded funds(ETF) and units of gold, mutual funds etc. The facility
either in part or full will not be used for investment in capital market, land acquisition, acquiring
equity shares of Indian company/ ies, buyback of shares of Indian company, funding of promoters
contribution in the project or any other purpose, which is prohibited or any illegal activity. I further
agree, confirm and undertake that the purpose of use of funds under the loan shall not be
changed in any manner during the tenor of loan, or that such change in purpose shall take place
only with the prior written permission of ICICI Bank. I agree that any breach or default in
complying with all or any of the aforesaid undertaking(s) will constitute an event of default under
the facility documents.

4. I/we confirm that no insolvency proceedings or suits for recovery of outstanding dues or monies
Digitally Signed by:
Name:JAGAMOHAN JENA
whatsoever or for attachment of any assets or properties and/or any criminal proceedings have
Reason:Digital eSign
been initiated and/or are pending against the Applicant and have never been adjudicatedDate:Fri Jun 14 [Link] IST 2024

insolvent by any court or other authority.

5. No director, manager, managing agent, employee, guarantor of the Borrower or of the subsidiary
of the Borrower, or of the holding company of the Borrower or any person holding substantial
interest in the Borrower or a subsidiary or the holding company of the Borrower is a director of
ICICI Bank. This provision will not apply if the Borrower is: a company registered under section 8
of the Companies Act 2013, or a government company.

No director or partner or guarantor of the Borrower or any person holding substantial interest in
the Borrower is:
1. a director of any other banking company (including any scheduled cooperative banks), or a
director of any subsidiaries of any banking company (including ICICI bank) or a trustee of mutual
funds/venture capital funds set up by any banking company (including ICICI bank).

2. a senior officer of ICICI Bank or a relative of a senior officer of ICICI Bank. No director or partner
or guarantor or of the Borrower or any person holding major shares or control in the Borrower or in
its holding company or in its subsidiary company is:
i. a relative (as specified by RBI) of any director (including chairman and managing director) of
ICICI Bank or any other banking company(including scheduled co-operative banks) or a relative of
any director of subsidiaries of any banking company (including ICICI bank) or a relative of any
trustees of mutual funds/venture capital funds set up by any banking company (including ICICI
bank).
6. No action nor other steps have been taken or legal proceedings started by or against the
Applicant in any court of law / other authorities for winding up, dissolution, administration or re-
organization or the appointment of a liquidator (including a provisional liquidator) receiver,
administrator, administrative receiver, trustee or similar officer or for my assets.

7. I/We hereby expressly authorize and give consent to ICICI Bank to, disclose, transfer or part with
any of my/our information, (including location), or any other device information when ICICI Bank
considers such disclosure as necessary, with:

1. Agents of ICICI Bank,ICICI Bank's group entities/ in any jurisdiction;

2. Auditors, credit rating agencies/credit bureaus, statutory/regulatory authorities, governmental

/administrative authorities, Central Know Your Customer (CKYC) registry or SEBI Know Your
Client registration agency, having jurisdiction over ICICI Bank or its group entities;

3. Service providers, or such person with whom ICICI Bank contracts or proposes to contract;
(Collectively reffered to as "Permitted Persons")
for the purposes of:
1. Provision of the facility and completion of on-boarding formalities; or

2. Complying with KYC requirements; or

3. Compilance with applicable laws or any order (judicial or otherwise), statutory/regulatory

requirement; or

4. for credit review of facilities availed; or

5. authentication or verificaiton; or

6. research or analysis, credit reporting & scoring, risk management, pariticipation in any
telecommunication; or

7. electronic clearing network and for use or processing of the said information/data.

8. Disclosing any default in payment, for the purposes of recovering such amounts. Digitally Signed by:
Name:JAGAMOHAN JENA
Reason:Digital eSign
8. The Applicant has/have no objection to ICICI Bank, its group companies, agents / representatives
Date:Fri Jun 14 [Link] IST 2024
to provide me/us information on various products, offers and services provided by ICICI Bank / its
group companies through any mode (including without limitation through telephone calls / SMS
/email) and authorize ICICI Bank, its group companies, agents / representatives for the above
purpose.
 9. The Applicant: (i) accepts that the RBI or credit bureau and any other agency so authorized, any
statutory, regulatory or supervisory authority, may use, process, disseminate the said information
and data disclosed by ICICI Bank in such manner as deemed fit by them in any particular
circumstances; and (ii) shall not hold ICICI Bank at all responsible or liable in this regard.

10. I/we understand and acknowledge that ICICI Bank shall have the absolute discretion, without
assigning any reasons (unless required by applicable law), to reject this application and ICICI
Bank shall not be responsible/liable in any manner whatsoever to me for such rejection or any
delay in notifying me of such rejection and any costs, losses, damages or expenses, or other
consequences, caused by reason of such rejection, or any delay in notifying me of such rejection,
of my application.

11. I/we undertake to inform ICICI Bank regarding any changes whatsoever in my/our addresses and
to promptly provide such further information that ICICI Bank for its designated group companies or
agents or representatives may require.

12. I/we also authorize ICICI Bank to check references about us from any bank/persons.

13. The Bank reserves the unconditional right to cancel the Limits advanced/ to be advanced under
the Transaction Documents (either fully or partially) without giving any prior notice to the
Borrower, on the occurrence of any one or more of the following: (i) in case the Limits/part of the
Limits are not utilised by the Borrower; or (ii) in case of Deterioration in the Creditworthiness of the
Borrower in any manner whatsoever; or (iii) in case of non-compliance of the terms and conditions
of the Transaction Documents. For the purpose of this clause, Deterioration in the
Creditworthiness shall mean and include without limitation, the following events: (a)downgrade of
the rating of the Borrower by a Credit Rating Agency; (b)inclusion of the Borrower and/or any of its
Directors in the Reserve Bank of India's willful defaulters list; (c) closure of a significant portion of
the Borrower's operating capacity; (d) decline in the profit after tax of the Borrower by more than
fifteen percent; (e) any adverse comment from the Auditor; and any other reason/ event in the
opinion of the Bank constituting or which may constitute Deterioration in the Creditworthiness.

14. I/we acknowledge and agree that the grant of the Facility by ICICI Bank to us shall be subject to
Digitally Signed by:
compliance by Applicant of the applicable terms and conditions set out under this Application
Name:JAGAMOHAN JENA
Form, Annexures and as detailed and available on [Link]/terms-condition/ (collectively, the
Reason:Digital eSign
Date:Fri Jun 14 [Link] IST 2024
"Terms and Conditions"); All the terms and conditions set out there in shall govern and apply to
the Facility and all my obligations (as well as ICICI Bank's rights and remedies) in relation thereto,
if the Facility applied for by me herein is sanctioned and granted by ICICI Bank based on my
application.
ADDITIONAL DECLARATION
I/ We have read and understood the concepts and illustrations in relation to due dates, classification of
borrowal accounts as SMA (special mention account), NPA (non-performing asset) as detailed in
Annexure[1]. I/ We further understand that the clarifications/examples mentioned in Annexure are only
illustrative in nature covering common scenarios and the norms and clarifications provided by Reserve
Bank of India time to time will prevail.
 ANNEXURE I

Classification as Special Mention Account and Non-Performing Asset-

Lending institution (i.e. ICICI Bank ) will recognize the incipient stress in loan account, immediately on
default, by
classifying them as SMA.
The basis of classification of SMA category shall be as follows:

LOANS IN THE NATURE OF TERM LOANS IN THE NATURE OF CASH CREDIT

LOANS /OVERDRAFT
Basis for classificaiton- Basis for classification - Outstanding
SMA Sub- Principal or interest payment SMA Sub- balance remains continuously in excess of
categories or any other amount wholly or Categories the sanctioned limit or drawing power,
partly overdue whichever is lower for the period of
SMA-0 Up to 30 days
More than 30 days and upto
SMA-1 SMA-1 More than 30 days and upto 60 days
60 days
More than 60 days and upto
SMA-2 SMA-2 More than 60 days and upto 90 days
90 days

Digitally Signed by:

Non-performing Asset-NPA ias a loan or an advance where: Name:JAGAMOHAN JENA
Reason:Digital eSign
1. interest and/or instalment of principal remains overdue for a period of more than 90Date:Fri
days Jun 14in[Link] IST 2024
respect of a term loan,
 1. the account remains 'out of order' as indicated below, in respect of an overdraft/cash credit("OD
/CC"),

2. the bill remains overdue for a period of more than 90 days in the case of bills purchased and
discounted,

3. the installment of principal or interest thereon remains overdue for two crop seasons for short
duration crops,

4. the installment of principal or interest thereon remains overdue for one crop season for long
duration crops.
'Out of Order' Status:
An account shall be treatedd as 'out of order' if:
1. the outstanding balance in the OD/CC account remains continuously in excess of the sanctioned
limit/drawing power for 90 days;

2. the outstanding balance in the OD/CC account is less than the sanctioned limit/drawing power but
there are no credits continuously for 90 days, or the outstanding balance in the OD/CC account is
less than the sanctioned limit/drawing power but credits are not enough to cover the interest
debited during the previous 90 days period.

Digitally Signed by:

Name:JAGAMOHAN JENA
Reason:Digital eSign
Date:Fri Jun 14 [Link] IST 2024
Illustrative movement of an account to SMA category to NPA category based on delay I non-payment of dues and
subsequent upgradation to Standard category at day end process:

Age of
SMA since
Due date Payment oldest SMA/NPA NPA
Payment covers Date/SMA NPA Datte
of payment Date dues in Categorisation categorizataion
class date
days
Entries dues up to
01.01.2022 01.01.2022 0 NIL NA NA NA
01.01.2022
01.02.2022 01.02.2022 Partly dues up to 01.02.2022 1 SMA-0 01.02.2022 NA NA
01.02.2022 02.02.2022 Partly dues up to 01.02.2022 2 SMA-0 01.02.2022 NA NA
Dues of 01.02.2022 not fully
01.03.2022 paid 01.03.2022 is also due 29 SMA-0 01.02.2022 NA NA
at EOD 01.03.2022
Dues of 01.02.2022 fully
paid, Due for 01.03.2022 not 1 SMA-0 01-03-2022 NA NA
paid at EOD 01.03.2022
No payment of full dues 01.02.2022
01.02.2022 and 01.03.2022 31 SMA-1 / NA NA
at EOD 03.03.2022 03.03.2022
Dues of 01.02.2022 fully
paid. Due for 01.03.2022 not 1 SMA-0 01.03.2022 NA NA
fully paid at EOD 01.03.2022
No payment of dues of
01.02.2022
01.02.2022,01.03.2022 and
01.04.2022 60 SMA-1 / NA NA
amount due on 01.04.2022
03.03.2022
at EOD 01.04.2022
No payment of dues of 01.02.2022
01.02.2022 till 01.04.22 at 61 SMA-2 / NA NA
EOD 02.04.2022 02.04.2022 Digitally Signed by:
Name:JAGAMOHAN JENA
No payment of dues of 01.02.2022 Reason:Digital eSign
Date:Fri Jun 14 [Link] IST 2024
01.05.2022 01.02.2022 till 01.05.2022 at 90 SMA-2 /02. NA NA
EOD 01.05.2022 04.2022
No payment of dues of
01.02.2022 till 01.05.2022 at 91 NPA NA NPA 02.05.2022
EOD 02.05.2022
Fully Paid dues of
01.06.2022 01.06.2022 01.02.2022 at EOD 93 NPA NA NPA 02.05.2022
01.06.2022
Paid entire dues of
01.07.2022 01.07.2022 01.03.2022 & 01.04.2022 at 62 NPA NA NPA 02.05.2022
EOD 01.07.2022
Paid entire dues of
01.08.2022 01.08.2022 01.05.2022 & 01.06.2022 at 32 NPA NA NPA 02.05.2022
EOD 01.08.2022
Paid entire dues of
01.09.2022 01.09.2022 01.07.2022 & 01.08.2022 at 1 NPA NA NPA 02.05.2022
EOD 01.09.2022
Standard
Paid entire dues of STD from
01.10.2022 01.10.2022 0 Account with NA NA
01.09.2022 & 01.10.2022 01.10.2022
No overdue
Key Fact Statement-Personal Loan

Date:14-06-2024 Name of the regulated entity:ICICI Bank Limited Applicant Name:JAGAMOHAN JENA

Sr. No. Parameter Details

(i) Loan amount (in Rupees) Rs. 1800000

11.65 %
(ii) Total interest charge during the entire tenure of the loan (in Rupees)
Amount :Rs. 699757
(iii) Other Up-Front Charges, if any (sum of (a),(b),(c)) (In Rupees) Rs. 10618.82

(a) Processing fees, if any (in Rupees) Rs. 10618.82

(b) Insurance charges, if any (in Rupees) NA

(c) Others (if any) (in Rupees) -

(iv) Net disbursed amount ((i) minus (iii)) (in Rupees) Rs. 1789381.18

(v) Total amount to be paid by the borrower (sum of (i), (ii) and (iii)) (in Rupees) Rs. 2510375.82
Annual Percentage Rate = Effective annualized interest rate (in percentage)
(vi) (computed on net disbursed amount using IRR approach and reducing balance
method)
(vii) Tenure of the Loan (in months/days) 72 Months

(viii) Repayment frequency by the borrower Monthly

(ix) Number of instalments of repayment 72

(x) EMI Start Date 05/07/2024

(xi) EMI due date 5th of the month

(xii) Amount of each instalment of repayment (in Rupees) Rs. 34864

Details about Contigent Charges (Excluding taxes, Taxes, as applicable,would be additional)

Digitally Signed by:
(xiii) Penal charges 5% Per Annum on overdue
Name:JAGAMOHAN JENA amount.
(xiv) Other charges Reason:Digital eSign
Date:Fri Jun 14 [Link] IST 2024
Rs.2500/-
Loan Cancellation Charges (from end of cooling off period to 1st EMI date)
a) 3% on principal outstanding amount.
Pre-Payment Charges
b) Nil after 12 EMIs paid

a) 3% on Principal amount Prepaid for

Part Payment Charges
loans seasoning up to 24 months.
b) Nil for loan seasoning above 24
months.

Rs. 300/-
Information utility charges (Only for corporate cases)
Rs. 200/- for physical print out, Nil for
Charges for Amortization Schedule
digital channels

Rs. 250/- for physical print out at the

Charges for duplicate NOC / No Dues Certificate
branch

Rs. 200/- for physical print out at the

Charge for Prepayment Statement
branch

Rs. 500/-
Cheque/AD/ECE/bounce charges
Rs. 500/-
Repayment mode swap charges

Charges in case of default/overdues: Cash transaction charge for repayment of EMI

Rs. 100/-
dues at Branches

Charges incurred in filing legal suit/ Charges incurred in sending different notices /
At actual
Professional Charges
Rs. 800/-
Non Maintenance of Mode of Payment charges
 ICICI Bank Limited
ICICI Bank Tower,
Bandra-Kurla Complex,
Mumbai-400 051, India.

Website:[Link]
CIN: L65190GJ1994PLC021012

Regd. Office:ICICI Bank Tower, Near Chakli Circle,

ld Padra Road, Vadodara 390 007,India.

Other Disclosures
Cooling off/lookup period during which borrower shall not be charged any penalty on
(xv) 15 days
cancellation of loan
(xvi) Details of LSP acting as recovery agent and authorized to approach the borrower** NA**
(xvii) Name : Sharlet Malvankar

Name, designation, address and phone number of nodal grievance redressal officer Designation : Principal Nodal Officer
designated specifically to deal with FinTech/ digital lending related complaints/ issues
Address:
ICICI Bank Ltd,
Bandra Kurla Complex,
Mumbai,
400051

Email: digitallending@[Link]

Telephone No.: +91-22-39337979

1. PF will not be refunded if the customer exits the loan during cooling off period
2. ** No recovery agent is assigned for loan account. In case any recovery agent is assigned, then particulars of such
recovery agent will be communicated before the recovery agent contacts for recovery

The difference in repayment amount calculated from the total of instalments given under the detailed repayment schedule i.e.,
Rs. 2499757.0 (= 34864 * 72 ) (excluding Rs. 10618.82 (other up-front charges)) vis-à-vis the amount
of Rs.2510375.82 ( Rs.1800000 (loan amount) + Rs.699757 (Interest charges) + Rs.10618.82 (other up-front charges)
mentioned under (v) is due to rounding off the instalment amount of Rs.34864 to Rs.34864
under the Digitally
detailed Signedrepayment
by: schedule.
Name:JAGAMOHAN JENA
Reason:Digital eSign
Please refer KFS: Annexure II (Repayment Schedule) attached separately for detailed repayment schedule. Date:Fri Jun 14 [Link] IST 2024

Repayment Mode : AUTO DEBIT

Important Points:
1. Plus Applicable Taxes and other Statutory Levies if any.
2. The security mandate shall be banked only in case of default in your loan repayment.
3. Instances wherein Disbursement is delayed the EMI amount may change accordingly as the EMI amount varies basis
the gap between disbursement date and the first EMI date.
4. The charges/penal Charges shall be levied at the sole discretion of the Bank.
5. Zero preclosure after 12 EMIs paid & if closed within 12 months, the preclosure charges will be 3% of the outstanding
principal outstanding plus GST.
 ICICI BANK LIMITED (ALL-INDIA) STANDARD TERMS - UNSECURED PERSONAL LOAN &
BUSINESS INSTALLMENT LOANS (REGULAR & PRE-APPROVED)
1. INTRODUCTION 5. PAYMENT, REPAYMENT, FEES AND CHARGES
These Standard Terms and Conditions shall govern the Facility applied for and availed by the Borrower from ICICI Repayment:
Bank Limited (“ICICI Bank”) through: (a) submission of the Application Form on its official website available at www. The Borrower shall repay the Loan and the interest payable thereon, to ICICI Bank, through EMI(s) on the Due
[Link] (“Website”); or ICICI Bank’s mobile-based application or any other digital platform made available by Date as is specified in the Application Form and as specified in KFS. The Borrower acknowledges that EMI(s)
ICICI Bank, whether through an arrangement with a third party or otherwise (“Portal”/”Platform”); or (b) submission includes interest payable on the outstanding Loan amount for the month in addition to the principal amount
of the Application Form by the Borrower at any branch of ICICI Bank. These Standard Terms and Conditions shall repayment. ICICI Bank shall be entitled to vary/modify the EMI (including increase in the amount of one or more
be read and construed as part of the Application Form. EMI) in the event of changes to the interest rate on the Loan. For the purpose of payment/repayment of the EMI,
By applying for the Facility/Loan through submission of physical Application Form or through the Portal by clicking the Borrower shall at all times maintain sufficient balance in their bank account to ensure that EMIs are received on
on ‘Accept’/’Agree’/‘Agree and Proceed’ icon/button; and/or by submitting one-time password received on the Due Date by ICICI Bank.
Borrower’s registered mobile number and/or by af#xing electronic signature or digital signature, the Borrower Manner of Repayment:
confirms that: The Borrower may repay / pay the monies in respect of the Loan through National Automated Clearing House
the Borrower has authorized ICICI Bank to access / receive the information provided by the Borrower from the (NACH) / direct debit from the Borrower’s account with ICICI Bank (‘direct debit mandate’ or 'Standing
Goods and Services Tax Network (GSTN), income tax authorities, credit bureaus, Unique Identification Authority of Instructions' (SI)/ Post-Dated Cheques (PDCs) /deduction from Borrower’s salary / by directly paying amounts
India (UIDAI) or other similar system for the purposes of completing the Application Form; and when due to ICICI Bank / by any other method, and as has been selected by the Borrower in the Application
the Borrower has read, understood and agrees to the Key Fact Statement (KFS) / Most Important Terms and Form or as may be required by ICICI Bank (collectively referred to as “Payment Instructions”). Additionally,
Conditions (MITCs) and Standard Terms and Conditions governing the Facility displayed on the Portal to the ICICI Bank may also accept payment through NEFT/RTGS and the Borrower can choose to avail such option
Borrower at the time of applying for the Facility. when required to make payment towards the Loan account.
In case of any inconsistency between the Application Form, KFS/ MITCs and the Standard Terms, the terms of the The Borrower may, subject to prior approval by ICICI Bank, be permitted to swap/exchange the Payment
Facility set forth in the KFS/MITCs of the Facility shall prevail. Instructions issued to ICICI Bank with alternate payment Instructions /post-dated cheques drawn on another
Capitalised terms used herein shall have their meaning in the ‘Definitions’ section hereunder or in these Standard bank (as approved by ICICI Bank) subject to payment to ICICI Bank of the applicable Payment Instruction
Terms and Conditions. charges as specified in the Application Form/KFS.
[Link] If the Due Date in respect of any amounts payable in respect of the Facility falls on a day which is not a
In these Standard Terms and Conditions, the following expressions shall, if used with initial capitalization, have the Business Day at the place where the payment is to be made, the immediately preceding Business Day shall
meanings set out below: be the Due Date for such payment.
“Application Form” means the preliminary application form (if any), credit facility application form(s) (whether Realisation of EMI and Other Applicable Charges by ICICI Bank:
generated/submitted digitally through the Portal or submitted physically) and includes all information submitted by Notwithstanding anything contained in the Transaction Documents, upon any default by the Borrower in
the Borrower to ICICI Bank for applying for and availing the Facility. payment of amount on the Due Date pertaining to the Loan or any non-realization of the amount on the Due
“Borrower” shall mean and refer to, jointly and severally, the applicant and co-applicants (if any) who has/have Date by ICICI Bank, ICICI Bank shall be entitled, without prejudice to its other rights under the Transaction
been sanctioned and granted the Facility by ICICI Bank based on the Application Form submitted by such Documents, to present and/or re-present the Payment Instructions or payment instrument/mandates issued by
applicants and co-applicants to ICICI Bank for availing of the Facility and includes depending upon the nature of the the Borrower in favour of ICICI Bank in connection with the Loan.
Borrower (a) its successors and permitted assigns, if the Borrower is a company within the meaning of the If ICICI Bank faces any difficulty /impediments for any reason whatsoever in presenting / realizing such
Companies Act 2013 or (b) a society registered under the applicable laws relating to societies; (c) any or each of payments instructions or if ICICI Bank, in its sole discretion, require the Borrower to adopt or switch to any
the partners and their survivor(s) or the partner(s) from time to time and their respective heirs, legal alternate mode of payment, the Borrower shall promptly replace Payment Instructions, without demur or delay
representatives, executors, administrators and permitted assigns, if the Borrower is partnership firm within the and issue fresh Payment Instructions, mandates in lieu thereof to the satisfaction of ICICI Bank. The
meaning of the Indian Partnership Act, 1932 or a Limited Liability Partnership Act, 2008 (LLP) ; (d) his / her heirs, mandates given by the Borrower under any payment mode cannot be cancelled or revoked without the prior
legal representatives, executors, administrators and permitted assigns, if the Borrower is an individual and/or written consent of ICICI Bank. If the Borrower cancels or revokes such mandates without prior consent of
carrying on business as a sole proprietary concern; (e) the karta and any or each of the adult members of the ICICI Bank, then such acts of the Borrower shall be deemed as an Event of Default and ICICI Bank shall be
Hindu Undivided Family (HUF) and their survivor(s) and his/ her / their respective heirs, legal representatives, entitled to initiate appropriate action, including legal proceedings against the Borrower.
executors, administrators and permitted assigns, if the Borrower is a joint HUF; and (f) the trustee(s) for the time Notwithstanding the mode of repayment/payment selected by the Borrower in the Application Form, the Borrower
being thereof and the successors and permitted assigns of the trust/trustees, if the Borrower is a trust. shall continue to remain at all times liable and responsible for ensuring the payment/repayment of all instalments
“Borrower’s Dues” shall mean and include the outstanding principal amount of the Facility, interest on the Facility, and all other monies in respect of the Loan to ICICI Bank on or before the relevant Due Date(s) without any further
Penal Charges, fees, costs, stamp duty, all applicable charges and liabilities of any kind whatsoever payable by notice/intimation being given by ICICI Bank. The acceptance by ICICI Bank of any payment which is less than the
Borrower to ICICI Bank in connection with the Facility and all other sums whatsoever payable by the Borrower in full EMI or other amounts due and owing at such time shall not constitute a waiver of ICICI Bank’s right to receive
accordance with the Transaction Documents. payment in full at such time or at any subsequent time or a waiver of any other rights whatsoever of ICICI Bank
“Business Day” means a day on which ICICI Bank’s branches are open for normal business transactions. under the Facility.
“Due Date” shall mean each such date on which any amount in respect of the Borrower’s Dues, fall due as The Borrower shall pay a one-time up-front non-refundable processing fee and administrative fee as specified in
specified in the Application Form or KFS/MITC or such other communication as may be made by ICICI Bank to the the Application Form and KFS which fee will be deducted by ICICI Bank at the time of disbursal of the Loan.
Borrower. The Borrower agrees to pay all fees and charges as stipulated in the KFS. The Borrower further agrees that fees
“Equated Monthly Instalments” or “EMI” means and includes the amount of monthly payment required to repay the and charges specified in KFS may be revised by ICICI Bank from time to time, and may be updated on the Website
principal amount of the Facility, and pay interest /other monies due and payable by the Borrower. and notified to the Borrower in advance.
“Facility” or “Loan” means the amount of the loan/financial assistance which is applied for and availed by the ICICI Bank is irrevocably authorized to debit the savings account of the Borrower maintained with ICICI Bank for
Borrower from ICICI Bank and as specified in the Application Form and set out in the KFS. the EMI amount as mentioned in the KFS/MITCs, and credit the relevant account of ICICI Bank over the entire
“Indebtedness” means the indebtedness of the Borrower at any time, in respect of monies borrowed, contracted or tenure of the loan with effect from the date of disbursement of the Loan till the time the entire Facility is repaid. In
raised or liabilities of any nature contracted by the Borrower in any manner whatsoever (including under the event that the savings account gets closed/transferred for any reason, the Borrower shall intimate ICICI Bank of
guarantees, indemnities, acceptance, credits, deposits, hire-purchase and leasing). Digitally Signed by:
their own accord of the new account opened with bank to debit the EMI amounts as per the Transaction
“Material Adverse Effect” shall mean any event or circumstance which is likely to have an adverse effect on (i) the Name:JAGAMOHAN JENA
Documents and shall not hold ICICI Bank liable for any charges that may be levied on account of such change in
ability of the Borrower to perform or comply with any of the obligations under the Facility or the Standard Terms and account not being communicated to ICICI Bank. Further, the Borrower undertakes to provide the fresh set of debit
Conditions; or (ii) prejudicial to businesses or financial condition of the Borrower or any obligor who is party to any
Reason:Digital eSign
mandate and post-dated cheques for such new account, as per the Transaction Documents in lieu of existing
Transaction Document. instructions. Date:Fri Jun 14 [Link] IST 2024
“Material Terms” with respect to the Facility, means the provisions relating to:-(i) the payment/repayment obligation Any amount of interest which is payable by the Borrower for the period from Loan / Facility disbursement date till
(including principal, interest, fees, charges) of the Borrower under the Facility; (ii) creation/perfection/furnishing of commencement date of first Equated Monthly Instalments shall be added to and paid along with the first instalment.
securities in terms of Transaction Documents; (iii) any credit support (including, without limitation, any guarantee or 6. PENAL CHARGES
indemnity) provided / agreed to be provided in relation to the Facility (iv) any event, the breach of which is likely to Without prejudice to ICICI Bank’s rights and remedies under contract and/or law, in the event any instalment or
have a Material Adverse Effect; (vi) compliance with financial covenants, security related covenants and information amount due under the Facility remains unpaid on the Due Date or the Borrower commits breach of any of the
covenants; (viii) end use of the Facility. Material Term of the Facility, ICICIBank shall have the right to levy and recover Penal Charges, at its sole
“Key Fact Statement” or “KFS” or “Most important Terms and Conditions” or “MITC” shall mean the most important discretion, at the rate specified in the Application Form and as set out in the KFS. Upon levy of such Penal
terms of the Facility, including the loan amount, interest rate, Penal Charges, tenor, repayment schedule and other Charges, the Borrower shall pay the said Penal Charges along with applicable Goods and Service Tax (GST),
terms of the Facility. These terms may be communicated to the Borrower through email / short message services other taxes (of any description whatsoever), charges and penalties which may be payable pursuant to applicable
(SMS), web links, Website or by other means of physical or electronic communication. laws, from time to time, in relation to the Facility.
“Penal Charges” means an additional charge payable by the Borrower(s) to ICICI Bank as a penalty in case of The Borrower acknowledges and agrees that the Penal Charges are reasonable and commensurate to non-
delay or default in payment of principal and/or interest, non-creation of security and/or breach of any Material compliance of Material Terms of the Facility Agreement.
Terms of the Facility. 7. PREPAYMENT CHARGES
“Standard Terms and Conditions” shall mean the terms and conditions set out herein for the grant of the unsecured Subject to payment of prepayment fees/charges as specified in the KFS, the Borrower shall be entitled to prepay
Personal Loans and Business Instalment Loans (regular & pre-approved) as amended/updated from time to time the Loan by giving such advance notice to ICICI Bank as has been set out in the MITCs. However ICICI Bank shall
on the Website. not be liable to pay interest on account of such prepayment by the Borrower.
“Transaction Documents” include all writings and documents executed or to be executed by the Borrower or shared The Borrower agrees to pre-payment charges specified in the KFS. It is hereby clarified that the Borrower shall not
by ICICI Bank with the Borrower or any other person in relation to the Facility (whether entered into digitally or be allowed to pre-pay the Facility in part.
physically), including the Application Form, KFS/MITCs, welcome letter (if any), applicable Standard Terms and 8. PURPOSE
Conditions on the Website, as amended from time to time. The Borrower agrees that the Facility shall only be utilised for the purpose set out in the Application Form and for
In the event of any disagreement or dispute between ICICI Bank and the Borrower regarding the materiality of any no other purpose. Under no circumstance shall the Facility be used, directly or indirectly for: (a) subscribing to or
matter including of any event, occurrence, circumstance, change, fact, information, document, authorisation, purchasing any shares or other securities; or (b) investment in the real estate business, capital markets or
proceeding, act, omission, claims, breach, default or otherwise, the opinion of ICICI Bank as to the materiality of purchase of land; or (c) entering into any speculative transactions or activities; or (d) carrying out any activities not
any of the foregoing shall be final and binding on the Borrower. eligible for credit facility as per RBI guidelines; or (e) purchasing gold, gold bullion, gold jewellery, gold coins, units
3. FACILITY AND DISBURSEMENT of gold exchange traded funds(ETF) and units of gold, mutual funds etc. or (f) any purpose that will violate any
Amount of the Facility: The principal amount of the Loan applied for/availed by the Borrower shall be the amount provisions of applicable law.
specified in the Application Form and as set out in KFS. 9. APPROPRIATION
Facility Disbursement: Once the Application Form submitted by the Borrower is accepted by ICICI Bank, the Loan The Borrower agrees, declare and confirms that notwithstanding any of the provisions of the applicable laws or any
will be disbursed into the Borrower’s designated account. However, Borrower will have an option to cancel the of the terms and conditions contained herein, any payment(s) shall unless otherwise agreed to by ICICI Bank in
Facility during the cooling off/look up period mentioned in the KFS, without any prepayment charges. writing be appropriated in the following manner:
Mode of Disbursement: Upon the receipt of the Application Form, the Loan shall be disbursed in lump sum or in Firstly, towards costs, charges, expenses and other monies, due and payable to ICICI Bank;
such instalments as ICICI Bank may decide. The term or tenure of the Loan shall be as specified at the time of Secondly, towards interest due and payable and / or accruing due and payable to ICICI Bank and
applying for the Loan in the Application Form and as specified in KFS. The Borrower agrees that the approved Lastly, towards repayment of the amount of any instalment(s) of the principal sums due and payable or
amount of the Loan shall be disbursed only to account of the Borrower as specified in the Application Form or becoming due and payable to ICICI Bank.
MITCs through cheque /demand draft, National Electronic Funds Transfer (NEFT)/ Real Time Gross Settlement In the event the loan account is declared a non-performing asset (NPA), ICICI Bank may appropriate any payments
(RTGS) or such other electronic fund transfer mode as ICICI Bank may deem fit. Disbursements of the Loan shall made by the Borrower in its absolute discretion.
be deemed to have been made on the date on which the Loan is disbursed by ICICI Bank and not on the date of
the actual receipt of the relevant Loan amount by the Borrower. Interest on the Loan shall begin to accrue on and 10. TAXES, LEVIES AND DUTIES
from the date of disbursement, irrespective of time taken for transit, realization or use of amount by the Borrower. The Borrower shall bear and pay all imposts, costs, charges (including legal fees), and expenses, in any way
Cooling off/Look-up Period: If the Borrower has availed Loan from the Portal/Platform and disagrees with any of the incurred by ICICI Bank, and bear all stamp duties, registration charges, other duties, Goods and Service Tax
terms of Facility, the Borrower has an option to cancel the Facility within the time specified in KFS. Upon exercise (GST), other taxes (of any description whatsoever), charges and penalties, including any differential/additional
of such option, the Borrower shall immediately repay the Loan amount and the Loan account will accordingly be duties and taxes which may be payable pursuant to applicable laws, from time to time, in relation to the Loan. In the
cancelled. In the event the Loan amount was credited in any account maintained with ICICI Bank, the Loan amount event that the Borrower fails to pay any money referred above, ICICI Bank will be at liberty (but shall not be
will be debited from the said account maintained with ICICI Bank. The Borrower agrees that processing fee will not obliged) to pay the same on behalf of the Borrower. The Borrower shall immediately reimburse all sums paid or
be refunded in case of such cancellation. All the rights under the Loan shall stand extinguished immediately on the expenses incurred by ICICI Bank in accordance with the provisions contained herein. All such sums shall be
cancellation of the Loan and successful repayment of the Loan. debited to the account of the Borrower and shall carry interest from the date of payment till such reimbursement is
Cancellation: ICICI Bank has the unconditional right to cancel the outstanding un-drawn commitments under the made, at the applicable interest rate as specified the KFS.
Facility at any time without prior notice to the Borrower. All payments by the Borrower under the Facility shall be made free and clear of, and without any deduction
/withholding, except to the extent that the Borrower is required by law to make payment subject to any deduction
4. RATE OF INTEREST /withholding of taxes. Provided that, all taxes required by law to be deducted/withheld by the Borrower from any
The Borrower shall be liable to pay interest on the Loan amount at the rate and on the date specified in the amounts paid or payable, to ICICI Bank (including but not limited to the principal, interest, Penal Charges,
Application Form and as set out in the KFS (“Applicable Interest Rate”). Interest shall accrue from day to day and commission, discount, service and other charges and any fees, under the Loan shall be paid by the Borrower when
be calculated on the basis of the actual number of days elapsed and a year of 365 days irrespective of leap year. due, and the Borrower shall, within the statutory time frame prescribed under the law or within 30 days of the
The rate of Interest payable by the Borrower shall be subject to changes, either upwards or downwards, based on payment being made, whichever is earlier, deliver to ICICI Bank satisfactory evidence that the tax has been duly
Reserve Bank of India (“RBI”) guidelines and/or directives, issued from time to time, that ICICI Bank is obliged to remitted to the appropriate authority and tax deduction certificates delivered to ICICI Bank.
give effect to. All interest due and remaining unpaid on the Due Date shall be capitalised and added to the unpaid
interest (including on unpaid Equated Monthly Instalment) on the Due Date and shall thenceforth carry interest at
the applicable interest rate on a compounding basis payable on the aggregate amounts then due till the amount is
paid/repaid.
11. REPRESENTATIONS AND WARRANTIES the account(s) of the Borrower with ICICI Bank or to apply any credit balance to which the Borrower is entitled on
The Borrower represents and warrants that: any account of the Borrower with ICICI Bank in satisfaction of any sum, whether for principal or interest or
The Borrower (and/or its authorized signatory/officer) has/have the full capacity, power and authority including due otherwise due and payable by the Borrower to ICICI Bank under the Loan and/ or Standard Terms and Conditions.
authorizations or approvals as required by any law or contract or constitutional documents governing the Borrower) Nothing herein contained shall prejudice or adversely affect any general or special lien or right to set-off to which
to avail the Loan and to enter into and perform his/her/its obligations under the Transaction Documents and that the ICICI Bank is or may by law or otherwise be entitled or any rights or remedies of ICICI Bank including in respect of
Borrower will, at all times, keep all such authorisations or approvals valid and subsisting till the amounts due to any present or future security, guarantee, obligations of the Borrower.
ICICI Bank are repaid/paid in full; The Borrower further agrees that in addition to and without prejudice to any other right or lien enjoyed by ICICI
The availing of the Loan and/or the performance by the Borrower of its obligations under the Transaction Bank, ICICI Bank will further be entitled at any point of time and without notice to the Borrower to combine or
Documents does not: (i) contravene any applicable law, judgement or decree to which the Borrower is subjected, consolidate all or any of the Borrower’s accounts (including any fixed deposits) held with ICICI Bank and all the
(ii) conflict or result in any breach of any of the terms of or constitute default of any covenants, conditions and credits and liabilities therein and set off or transfer any sum standing to the credit of any one or more of such
stipulations under any existing agreement to which the Borrower is a party, or (iii) conflict or contravenes any accounts in or towards satisfaction of any of the Borrower’s liabilities to ICICI Bank on any account whatsoever,
provision of the memorandum and articles of association or constitutional documents of the Borrower; whether such liabilities are actual or contingent, primary or collateral and whether joint or several.
All the information and documents, including, income details, financial statement, constitutional documents, 16. DEATH OR INSOLVENCY
business details, Goods and Services Tax (GST) account number or Permanent Account Number (PAN), Know The Borrower’s Dues shall not be revoked, cancelled or otherwise affected by the death or insolvency or
Your Customer (KYC) documents which are submitted physically and/ or uploaded on the Portal are true and bankruptcy of the Borrower and, so long as the whole or any part of the Borrower Dues remains payable to bank,
accurate; ICICI Bank shall be entitled to act upon and enforce all of its rights pursuant to, and in accordance with, the
In no event shall ICICI Bank be liable to the Borrower for any special, incidental, indirect, punitive or consequential Standard Terms and Conditions against the estate or assets of the Borrower.
damages whatsoever (including, without limitation, damages of loss of goods or services, or any other pecuniary 17. DISCLOSURE OF INFORMATION
loss) arising out of the use of, or inability to use or access the Loan, including breach of contract or warranty, The Borrower agrees and accepts for the disclosure by ICICI Bank of all or any information and data relating to the
negligence or other tortious action, or any other claim arising out of the Borrower use of or access to the Loan. Borrower, the Loan, the Borrowers account, and the Transaction Documents (including but not limited to
There is no Material Adverse Effect; information relating to default, if any, committed by the Borrower, in the discharge of the Borrower’s obligations) as
The Borrower is solvent and/or has not stopped paying any of his/her/its debts as they fall due; ICICI Bank may deem appropriate to the RBI and/or to the Credit Information Bureau (India) Limited and/or to any
The Borrower’s name has not been included in the RBI’s willful defaulters list; and other agency authorized in this behalf by RBI, to its professional advisers or consultants and to its service
Except to the extent disclosed, (a) no director or senior officer of ICICI Bank is a director, partner, manager or providers, third party or otherwise, instructed by ICICI Bank in relation to the Loan or Transaction Documents, and
employee of the Borrower and the Borrower is in compliance with all applicable laws including RBI’s ‘Master /or as required under law or any applicable regulation, at the order of a court of law, or at the request or order of
Circular on Loans and Advances’ as amended from time to time; (b) no director or senior officer of ICICI Bank is a any statutory, regulatory or supervisory authority with whom it customarily complies.
guarantor for the Borrower, and (c) the Borrower is not a relative of a chairman, managing director or director of The Borrower declares that the information furnished and to be furnished to ICICI Bank are and shall be true and
banking company (including ICICI Bank) or of any subsidiaries or trustees of mutual funds/venture capital funds set correct.
up by a banking company (including ICICI Bank) or a relative of a senior officer of ICICI Bank. The terms used The Borrower:
herein including ‘senior officer’ or ‘relative’ shall have the meaning ascribed to them by RBI in its master circular. accepts that RBI or the Credit Information Bureau (India) Limited and any other agency so authorized, any
12. COVENANTS statutory, regulatory or supervisory authority, may use, process, disseminate the said information and data
The Borrower/s shall promptly: disclosed by ICICI Bank in such manner as deemed fit by them in any particular circumstances; and
(a) Observe and perform all its obligations and covenants under the Transaction Documents, including the payment shall not hold ICICI Bank at all responsible or liable in this regard.
/re-payment of the Borrower’s Dues on each relevant Due Date. ICICI Bank shall, as it may deem appropriate and necessary, be entitled to disclose all or any: (i) information and
(b) Notify ICICI Bank of the occurrence of any event or the existence of any circumstances, which results in any of data relating to the Borrower; (ii) information or data relating to the Facility, its terms, Transaction Documents; (iii)
the statements set out in the Transaction Documents becoming untrue or incorrect in any respect. obligations assumed / to be assumed by the Borrower/s in relation to the Facility under the Transaction Documents;
(c) Deliver to ICICI Bank such information and records including of any business, operations and assets as may be (iv) default, if any, committed by the Borrower/s in discharge of the aforesaid obligations, to Credit Information
required by ICICI Bank from time to time in relation to the Loan and within the period specified by ICICI Bank. In the Companies (”CICs”) and any other agency authorized in this behalf by the RBI. CICs and / or any other agency so
event of any change in KYC details, the Borrower shall inform and submit updated documents (i.e., address, authorised may use and/or process the aforesaid information and data disclosed by ICICI Bank in any manner as
contact details, profile etc.) to ICICI Bank within 30 days from the date the change was made. deemed fit by them. CICs and/or any other agency so authorize may furnish for consideration, the processed
(d) Notify ICICI Bank of any action or steps taken or any insolvency or bankruptcy proceedings started against the information and data or products thereof prepared by them, to ICICI Bank/ financial institutions and other credit
Borrower including but not limited to the appointment of a receiver, administrator, liquidator, trustee or resolution grantors or registered users, as may be specified by ICICI Bank in this behalf. All information and data furnished by
professional in relation to the Borrower or the assets of the Borrower. the Borrowers to ICICI Bank from time to time shall be true and correct.
(e) Notify ICICI Bank of any litigation, arbitration, administrative or other proceedings initiated or threatened against 18. SERVICE PROVIDER
the Borrower or his/her/its assets. It is agreed by the Borrower, that without prejudice to any rights of ICICI Bank, all acts / steps as are necessary for
(f) Notify ICICI Bank of occurrence of an Event of Default or any circumstances and conditions which have or may ICICI Bank to take in order to monitor the Loan and its utilisation and/or the obligations of the Borrower and /or the
have a Material Adverse Effect. Borrower’s compliance with the terms hereof and / or to recover amounts due to ICICI Bank or any part or portion
(g) Notify ICICI Bank in writing with full details of changes in the address of any of the Borrower office, or place of thereof, shall and/or may be carried out by and / or through such other person (including a company or body
business, residence, employment, profession or employment status corporate) as may from time to time be appointed by ICICI Bank in respect thereof and that ICICI Bank will at all
(h) Do all such things and execute all such writings as ICICI Bank may require from time to time for duly or more times be entitled to share with any such other person that may thus be appointed by ICICI Bank, all documents
perfectly securing the repayment of the Loan. statements of accounts and other information of whatsoever nature pertaining to the Borrower and/or the Loan.
(i) In the Event of Default (if required by ICICI Bank), the Borrower agrees and undertakes to provide and furnish to Further, the Borrower expressly recognises and accepts that ICICI Bank shall, without prejudice to its rights to
ICICI Bank to their satisfaction, such security as required to secure ICICI Bank; failure of the Borrower to do so perform such activities either itself or through its officers or servants, be absolutely entitled and have full power and
shall be termed as an Event of Default. authority to appoint one or more third parties of ICICI Bank’s choice and to transfer or delegate to such third parties
A Borrower that is constituted as a commercial or business entity (including as a company, one-person company, the right and authority to collect on behalf of ICICI Bank all unpaid amounts and to perform and execute all acts,
partnership firm, trust, limited liability partnership firm) shall promptly: deeds, matters and things connected therewith or incidental thereto including attending the office or residence of
(a) Notify ICICI Bank in writing, with full details, with respect to any material change in the management of the the Borrower, receiving the amounts due, and generally performing all lawful acts as the third party may consider
business of the Borrower or any change taking place in the ownership or control of the Borrower whereby the appropriate for such purposes.
effective beneficial ownership or control of the Borrower will change. 19. INDEMNITY
(b) Deliver to ICICI Bank, in form and manner satisfactory to ICICI Bank: (i) audited accounts within such The Borrower shall indemnify ICICI Bank from and against any and all expenses, loss, damage or liability which it
reasonable time from the close of the financial year as may be permitted by ICICI Bank; (ii) such other statement or may incur in connection with the Loan and/ or the Standard Terms and Conditions or the transactions contemplated
statements or information pertaining to the operations or business of the Borrower as ICICI Bank may require in the by the Standard Terms and Conditions and/or for the recovery of the Borrower’s Dues (including as a consequence
context of the said Loan; and (iii) All notices or other documents issued by the Borrower to its creditors. of the occurrence of any Event of Default). Such indemnity shall extend to any interest, fees, premium, costs,
(c) The Borrower covenants and undertakes that so long as the amounts due under the Loan are outstanding and charges or expenses or any other sums paid or payable in relation to the Loan or its recovery.
until the full and final payment of all money due thereunder, it shall not without the prior consent of ICICI Bank The Borrower further agrees to indemnify and keep indemnified ICICI Bank from and against any and all claims,
(which shall not be unreasonably withheld): (i) change or alter its capital structure; (ii) effect any merger, demerger, damages, costs, losses, expenses, suits, proceedings, actions or liabilities, whatsoever arising in connection with
amalgamation, corporate reconstruction or compromise with its creditors of shareholders; (iii) change its or relating to any communication sent/received by ICICI Bank by electronic means such as email, facsimile, text
constitutional documents in a manner adversely affecting ICICI Bank and /or the Borrower’s performance under the messaging or the Website or through its mobile phone-based application or via the Portal/Platform.
Facility and the Standard Terms and Conditions.
(d) The Borrower hereby further covenants and agrees that in case of an Event of Default, without prior written 20. MISCELLANEOUS
approval of ICICI Bank, the Borrower shall not: (i) declare dividend or distribute profits; (ii) make any investment in Assignment and Risk Participation:
The Borrower shall not assign or transfer all or any of its rights, benefits or obligations under the Unsecured
any concern or provide any credit or give any guarantee, indemnity or similar assurance in connection with the Digitally Signed by:
Loan and the Standard Terms and Conditions. ICICI Bank shall be free to assign, transfer, novate, securitise
obligation of any person other than itself; (iii) redeem, purchase, buyback, retire or repay any of its share capital;
(iv) change its financial year end or change the accounting method or policies, unless required by law; (v) avail of Name:JAGAMOHAN JENA
the Loan and/or any of its rights and obligations under the Unsecured Loan and these Standard Terms and
any additional/ new credit facility or accommodation from any bank(s) or financial institution(s); (vi) pay any Conditions without the consent of or notice to the Borrower, and the Borrower agrees to execute any document
Reason:Digital eSign
commission to its promoters, directors, managers or other persons for furnishing guarantees, counter guarantees or provide any confirmation in any form manner or substance that ICICI Bank may require to give effect to such
or indemnities; (vii) pay any compensation to its promoters or directors in the event of loss of office for any reason assignment, transfer or novation. Date:Fri Jun 14 [Link] IST 2024
whatsoever. Without prejudice to any of these Standard Terms, ICICI Bank may (at its sole discretion, without notice to the
Borrower/s) share the credit risk of the whole or a part of the Facility with any other person by way of
13. EVENTS OF DEFAULT participation. Notwithstanding such participation, all rights, title, interests, special status and other benefits and
The following acts, as set out below, shall each constitute an “Event of Default” by the Borrower of the Facility and privileges enjoyed or held by ICICI Bank under the Transaction Documents shall remain valid, effective and
/or Standard Terms and Conditions: enforceable by ICICI Bank as per the Transaction Documents. The Borrower/s shall continue to discharge their
Default has occurred in the payment of any monies (whether for principal or interest or otherwise), in respect of obligations under the Transaction Documents to ICICI Bank. The Borrower/s shall not have and claim privity of
the Loan on the Due Dates, whether at stated maturity, by acceleration or otherwise; contract with such person on account of any reason whatsoever.
The Borrower defaults in the performance of any of the terms of the Loan and/ or Transaction Documents; Notices: All notices or other communications under the Standard Terms and Conditions shall be given in writing
Any information, representation, warranty, declaration or confirmation under the Standard Terms and and, unless otherwise stated, may be sent by email, in-app messages, SMS/text messaging, WhatsApp messaging
Conditions or any information provided to ICICI Bank has been found to be false, incomplete, misleading or services, ordinary post, speed post or courier. Any such notice or other communication will be deemed to be
fraudulent; effective: (i) if delivered in person, at the time of such delivery; (ii) if dispatched by post or courier, when recall of
The Borrower is unable or has admitted in writing its inability to pay any of its Indebtedness as they mature or the letter is outside the control of the sender; (iii) if sent by email, when such email enters the sent items folders;
when due; and (iv) if sent by in-app messages/SMS/text messaging/WhatsApp messaging services, when have been sent
The Borrower has, or might, become the subject of proceedings under any bankruptcy or insolvency law; or irrespective of any telecom service provider delay. No notice or communication to ICICI Bank shall be effective
becomes bankrupt or insolvent; or has taken any action for insolvency or bankruptcy; or an administrator, unless actually received and acknowledged by Bank. Notices or communication made to: the Borrower postal
trustee, bankruptcy trustee or resolution professional in relation to the Borrower or the assets of the Borrower; address or email address or mobile number, as specified in the MITC, and shall be deemed to be proper and
or any of the assets of the Borrower have been attached for the recovery of any dues from the Borrower; or any sufficient service irrespective of whether or not such notice shall be returned “unserved”, unless the Borrower has
judgement or decree has been rendered against the Borrower; duly notified ICICI Bank in writing of any changes to the address, email or mobile number. The Borrower agrees to
It has become unlawful for the Borrower or ICICI Bank to perform any of their respective obligations under the assume the entire risk of non-delivery by reason of any electronic error, telecom service provider error or otherwise.
Loan and / or the Standard Terms and Conditions; Severability: Any provision of the Standard Terms and Conditions which are prohibited or unenforceable in any
The Borrower is likely to be unable repay the Loan or any monies under the Loan and/ or Standard Terms and jurisdiction shall, as to such jurisdiction, be ineffective to the extent of the prohibition or unenforceability but that
Conditions or any part thereof as they mature or when they become due; shall not invalidate the remaining provisions of the Standard Terms and Conditions or affect such provision in any
The Borrower has defaulted under any other agreement relating to any Indebtedness of the Borrower or any other jurisdiction.
other lenders to the Borrower have recalled their loans or any part thereof; Waiver: No delay in exercising or omission to exercise any right, power or remedy accruing to ICICI Bank under the
There has occurred, in the sole opinion of ICICI Bank, a Material Adverse Effect; or Terms and Conditions shall impair any such right, power or remedy or shall be construed to be a waiver or
The demise of any Borrower; acquiescence thereof. The rights of ICICI Bank under the Standard Terms and Conditions are cumulative and not
The Borrower compounds with her/its creditors or permits any attachment or sequestrations or other processes exclusive of their rights under general law and may be waived only in writing and specifically and at ICICI Bank sole
against any of her/its assets or properties. discretion.
The decision of ICICI Bank as to whether or not an Event of Default has occurred shall be final and binding upon Amendment: ICICI Bank has the absolute discretion to amend or supplement any of the Standard Terms and
the Borrower. Conditions at any time (including if arising or occasioned by any change in RBI guidelines or directives from time to
The Borrower hereby confirms that he/she has fully understood and acknowledges the consequences of an Event time) and will endeavor to give a prior notice of 15 Business Days by email or by notice on its Website or via its
of Default, as well as ICICI Bank’s rights and remedies thereupon, as set out under the Transaction Documents. mobile-based application wherever feasible. Such amendments will apply to and be binding on the Borrower in
Promptly upon becoming aware of the existence of an Event of Default, the Borrower shall notify ICICI Bank in terms of such amendments/supplements.
writing thereof and shall inform ICICI Bank of the steps, if any, being taken to remedy it. In such event, ICICI Bank Joint and Several Liability: The Borrower’s liability for repayment of the Borrower’s Dues shall, in cases where more
may, by a notice in writing to the Borrower and without prejudice to any other rights and remedies available to it, than one Borrower have jointly applied for the Facility, be joint and several. If the Borrower is an individual doing
call upon the Borrower to pay the Borrower’s Dues. business as a sole proprietary concern, the Borrower shall be solely responsible for the liabilities of the aforesaid
Upon the occurrence of the Event of Default and at any time thereafter, if any such event shall be continuing, ICICI concern and will be personally liable for making repayment / payments of all amounts in respect of the Facility to
Bank may, in its sole discretion: ICICI Bank.
declare that the principal and all accrued interest on the Loan and all amounts under the Facility and/ or Governing Law and Dispute Resolution: The Standard Terms and Conditions shall be governed by and in
Transaction Documents have become payable forthwith by the Borrower to ICICI Bank and upon such accordance with the laws of India. Any claim or dispute whatsoever (whether in contract, tort or otherwise) arising
declaration the same shall become due and payable forthwith; out of or in connection under the terms of facility, including any question regarding its construction, meaning,
exercise such other rights and remedies as may be available to ICICI Bank under law including by suit, in existence, validity, breach, recall, recovery or termination, shall be resolved and settled by mediation or conciliation
equity or by action at law, or both, or otherwise; and/or (if the Borrower and ICICI Bank agree to such mediation or conciliation), administered in accordance with the
stipulate such other condition or take such other action as ICICI Bank deems fit. applicable mediation or conciliation rules of an independent online dispute resolution institution listed on the
14. PUBLICATION OF DEFAULT Website (“ODR Institutions”). Any party may appoint any listed ODR Institutions to facilitate mediation or
In the event of a default by the Borrower of any of the terms of the Transaction Documents, ICICI Bank and the RBI conciliation. If one Party appoints an ODR institution before the other, the ODR institution appointed by the first
(or any agency approved or authorised by RBI or other governmental authority) will have the right to disclose and Party shall be binding on other party. If the Borrower and ICICI Bank do not agree to mediation or conciliation, or if
publish the details of such default along with the name of the Borrower as defaulters in such manner and through the mediation or conciliation fails to resolve the claim or dispute within the period stipulated in such rules or within a
such media as ICICI Bank and/or the RBI (or any agency approved or authorised by RBI or other governmental period of 21 days from the date of notice of appointment of mediator or conciliator (whichever is earlier), then the
authority) may, in their absolute discretion, think fit. claim or dispute shall be taken forward for adjudication by arbitration in terms of the applicable rules of said ODR
In the event that the Borrower chooses to use internet banking, e-commerce, mobile/phone banking facilities of Institution, and in accordance with the Arbitration and Conciliation Act, 1996, which shall be conducted (including
ICICI Bank, such usage shall be subject to the privacy commitment displayed on the Website and all terms and for recording of evidence or tendering of documents), concluded and administered online by ODR Institution
conditions, as amended from time to time, available on the platform governing the same. through its website/platform or mobile application. The arbitral tribunal shall consist of an independent sole
15. LIEN AND SET-OFF arbitrator appointed in accordance with the applicable arbitration rules of the ODR Institution. The seat of arbitration
Without prejudice to any rights of ICICI Bank, ICICI Bank shall have a paramount lien and right of set-off against all proceedings shall be Mumbai. The law governing the arbitration proceedings shall be Indian law. The procedural
monies of the Borrower standing to the credit of the Borrower in any account(s) (including fixed deposit) of the law of arbitration shall be rules of ODR Institution.
Borrower with ICICI Bank, whether held singly or jointly, and on any monies, securities, bonds and other assets,
documents and properties held by/under the control of ICICI Bank and the Borrower authorises ICICI Bank to debit
 ICICI BANK DIRECT DEBIT EMI & SECURITY MANDATE FORM

Date: 14/06/2024

FROM :
Customer Name :
JAGAMOHAN JENA
Customer Address :

To,
ICICI Bank Limited,
ICICI Bank Ltd, 4Th Floor, Citi Point, Telli Galli, Andheri East- 400093

Ref: Account No.: 006101597467

Dear Sir,
I/We would like to inform you that we have taken a Personal Loan from ICICI Bank Limited Personal Loan Division pursuant to
the Credit Facility Application Form (No. US0000328046 dated ) (the "Application Form") OR Facility / Loan
Agreement dated 14/06/2024 (the "Facility Agreement"), submitted to ICICI Bank Ltd. You are hereby authorized to debit the
above mentioned account and credit ICICI Bank Ltd. - PDC account number on receiving instructions from ICICI
Bank Limited Personal Loan Divison towards: (i) the repayment of the Facility, the Equated Monthly Instalment, instalment(s),
Pre EMI Interest, all interest and other charges payable by me or to you over the entire tenure of Facility ("EMI Mandate")
and/ or (ii) any default committed by me in repayment of dues ("Security Mandate"). The above mentioned account will be
debited with the amount Rs 34864 per month for repayment of dues ( Rupees
Thirty Four Thousand Eight Hundred Sixty Four only ) and/or with the amount Rs.600000.0 (Rupees Six Lakh only ) for
default in repayment of dues, as the case may be, w.e.f 05/08/2024 over the entire tenure of the Facility.
In the event of the above account getting closed/transferred for any reason, I/We will intimate to the bank the new account
opened with the bank to debit the loan repayment amounts, Further, I/We undertake to submit the fresh set of Mandate for
such new account, in lieu of existing instructions.
We are requesting and hereby authorizing ICICI Bank Limited Personal Loan Divison to forward this to you after affxing the
signature of their authorized person(s) to signify their approval for the above instructions and agreement to give effect to
the above.
Pleae note that the Security Mandate will be invoked & banked only in specific circumstancesDigitally
such asby:customer failing under
Signed
default, exceeding overdue limit, etc. In case of default, outstanding amount including overdue interest,JENA
Name:JAGAMOHAN bounces and other
charges, if applicable, will be debited. Reason:Digital eSign
Date:Fri Jun 14 [Link] IST 2024
I/We authorize ICICI Bank to upgrade my/our account whereby I/We will not be charged for non-maintenance of a monthly
average balance in saving account*.
*For detailed Terms & Condition of ICICI Bank Home Assure Saving Account visit [Link]
Thanking you,
Yours Truly,

Customer Name:JAGAMOHAN JENA

(Account Holder's)

Accepted and Approved

KUDURUPAKA RACHANA
Authorized Signatory
ICICI Bank Limited
Date : 14-06-2024

This is with reference to the Existing LAN held by me, Mr/Mrs. : JAGAMOHAN JENA
singly/ jointly with Mr. /Ms. :
The details of the facilities availed by me vide Existing LAN are as follows :

Sr. Name of the LAN Type of Outstanding Amount (as on

Charges
No. Financier No. Facility date)
1 TATA CAPITAL LTD Personal Loan 472488
Total Value 472488

I/We hereby confirm that the above details of the personal loan /credit card availed by me
/us from mentioned above are true and correct.

I/We am/are aware that,in case internal/external balance transfer is being opted for, the
said conditions will apply.
a) In case of external balance transfer, it is my responsibility to close the other
bank loan account with the cheque by ICICI bank. Failing to do so ICICI bank can
accept the unused cheque for cancellation wherein cancellation charge will be
applicable.
Digitally Signed by:
I/ we hereby request and authorize ICICI Bank to pay the outstandingName:JAGAMOHAN
amountJENAavailed by
Reason:Digital eSign
me from listed Financier as detailed above. I/We hereby undertake to Date:Fri
payJunthese14 [Link] IST 2024

outstanding dues to ICICI Bank in accordance with terms agreed to vide credit facility
application form dated 07/06/2024

Thanking You
Yours Faithfully,
Customer Name:
Primary applicant Name : JAGAMOHAN JENA
Co-applicant Name:
Customer Signature: