LOAN SANCTION LETTER

Muthoot Finance GL 48
RBI Licence Regn.No-N-16-00167
Customer Copy
LUDHIANA - BRS NAGAR
CIF No.037040013005225
Phone No. : 0161-5066369/70/71
Customer ID :037040000001888 Date :01/11/2019

Name :KULDEEP SINGH Loan No :03704/MHP/000002

:S/O KHAJAN SINGH S/O KHAJAN SINGH,H.NO.14 :MUTHOOT HIGH VALUE PLUS
Address NR. GURU ANGAD COLONY, LUDHIANA, PUNJAB Selected GL Scheme
Ph:, Mob:

Period of Loan :12 Months

Loan Amount : 1,098,900.00

Rate of interest is 24% p.a. (Effective annualized rate is 26.82%). However, rebate as below will be available for early payment of
the interest
If paid within Rebate Effective Rate of Interest
30 Days 12% p.a. 12% p.a.
90 Days 10% p.a. 14% p.a.
180 Days 6% p.a. 18% p.a.
270 Days 4% p.a. 20% p.a.
Above 270 days 0% p.a. 24% p.a.
*Interest Calculated at Monthly rest.
Remit interest / principal by NEFT/RTGS to our account with Indusind Bank, Ernakulam.
A/c No."1M" 03704MHP000002 IFSC Code "INDB0000010".Contact branch for interest /principal dues or call "08040751515".
Stamp Duty(At the rate applicable in the state) :NIL
Processing/ Documentation/ Service Charges :3,594.00
:50-50(wt:50.000g, Nwt:50.000g, @1850/g)
a)Particulars of gold ornaments 100-100(wt:100.000g, Nwt:100.000g, @1850/g)
44-44(wt:444.000g, Nwt:444.000g, @1850/g)
To pay interest online visit https://online.muthootfinance.com. To
know the balance, give miss call to "08040751515"
Payment Mode: DIRECT CREDIT
Penal Interest :NIL

No. of Items :194 (b)Gross Wt(grams) :594.000

c)Deduction on a/c of
stone weight, dirt :0.000 (d)Net wt(grams)(b-c) :594.000
etc.(grams)
(f)Eligible Loan
e)Rate per Gram :1,850.00 :1,098,900.00
Amount(d x e)
(g)Availed Loan
Amount :1,098,900.00

Considering your application (GL-45) Dated 01/11/2019 for personal loan, with gold ornaments as collateral I have fully understood the
security, you are hereby granted the loan applied for as above subject to the terms and conditions including terms and conditions relating
rate of interest, charges, penal interest, etc, specified in this loan sanction document. to the loan and I have
Branch Manager received the loan amount.
Signature of the Borrower

Rate of Interest: 24% P.A DEMAND PROMISSORY NOTE Date: Printed on : 01/11/2019 11:51 AM Affix Revenue
Stamp for loan
above Rs.5000
Rs. 1,098,900.00
On demand, I promise to pay Muthoot Finance Ltd or order, the sum of Rs.1,098,900.00 (Rupees.Ten Lakh Ninety Eight Thousand Nine
Hundred only) for value recevied along with interest per annum at the rate mentioned above with monthly rests from this day till the date of
repayment in full.
(both days inclusive)
Signature of the Borrower
Printed on : 01/11/2019 11:51 AM Security Code :NFIo915
TERMS AND CONDITIONS
1. The quantum of loan shall depend on the pure gold content in terms of carat in the jewellery offered as collateral security(pledge articles) and the loans scheme opted by the borrower. The tenure of loan is 12 months.
2. The annual rate of interest charged shall depend on the loan scheme opted by the borrower. Interest is calculated on monthly compounding basis. Penal interest at the rate shown above will be charged for the
overdue period beyond the loan period of 12 months. Interest is calculated on the basis of completed year, months and days in the order. In case pf EMI loans tha rate of the interest and other terms and conditions are
as mentioned in the EMI chart(Attached).
3. Interest will be charged for a minimum period of 7 days, with a minimum amount of Rs.50/-
4. In the event of pre-payment of the loan or any part thereof by the borrower, the amount will be first adjusted towards costs/charges and interest and then towards the principal loan amount without any pre-payment
penalties.
5. The company reserves the right to change the rate of interest at its discretion at any time taking into consideration all relevant factors such as cost of funds. Any change in the rate of interest shall have effect
prospectively only.
6. The loan amount along with interest and other charges is repayable on demand made by the company. Even if not demanded, the loan has to be repayed with interest within the loan tenure of 12 months. In case the
value of the gold ornaments given as collateral security comes down below the total dues payable, the borrower has to immediately may good the amount of shortfall either in cash or by pledging additional gold
ornaments of proportionate weight/value. In the event of failure on the part of the borrower to do so, the Company shall have the right to recall the loan and demand the borrower to repay the entire loan amount
together with interest and other charges any time during the currency of the loan.
7. In case of any default on the part of the borrower to repay the loan amount together with interest/charges within the due date or earlier as demanded by the company, the company has the legitimate right to initiate
legal proceedings against the borrower and/or sell the ornaments pledged through an auction process by giving 14 day's prior notice to the borrower at the address given in the Application for loan and appropriate the
amount so received towards the loan amount, interest and other charges.
8. If the amount realised through an auction is insufficient to cover the total dues to the Company, the shortfall will be recovered from the borrower or from his personal assets.Where the amount realised through auction
is higher than the total amount due from the borrower,then the excess amount realised will refunded to the borrower either incashor by Cheque within 30 days from date of such realisation. However,if there are any
other amounts due from the borrower ,the same will be recovered by appropriation from the excess amount and the balance if any,there after only will be refunded to the borrower.
9. In case the company terminates a loan scheme for whatever reason, no further loan will be granted under that scheme.If a borrower who had availed a loan desires to continue the loan even after termination of the
scheme by payment of interest, he/she shall close the said loan account and avail a fresh loan under any of the existing/new scheme which permits the borrower to avail loan at the same per gram rate of the closed
loan scheme or pay the differential incase he is getting lower amounts under the new scheme.
10. The company has absolute right to sell, transfer , assign and securities all the rights, titles and interest that accrue to the Company onthis loan transaction,to another individual or Company or entity or to borrow /take
loan by creating charge on it. The Company,if required,shall also have the absolute right to give as security all documents, deeds or ornaments given as security in this loan transaction to borrow money or avail loan.
The Borrower hereby consents to the Company for disclosing any information or data related to the loan facility availed by him to the Credit Information Bureau (India) Umited and I or any other agency authorized in
this behalf by Reserve Bank of India or other statutory bodies. The Borrower is aware that such agencies may use or share such informationin the manner as deemedfit by them.
11. Only the person who has availed the loan has the right to get back the ornaments pledged as security after repayment of the loan together with interest and other charges in full. Duplicate of this Sanction Letter will
 have to be surrendered to the Company at the time of closure of the loan account for getting back the pledged articles.
12. The pledged articles will be released to the borrower on repayment of all dues.If any right of set off is to be exercised, the borrower willbe given due notice with the particulars of the claim/s.
13. The loan should not be utilised for any illegal or unlawful activities.
14. The Company will not entertain any request for transfer of the borrowal account from one branch to another. However the Company reserves the right to shift loan account and/or the pledged articles to another
Branch of the Company.
15. The company will not accept ornaments embedded with costly stones like diamond etc nor shall the Company entertain any claim whatsoever subsequently relating to the value of the stones.
16. The Company is certifying the purity of the pledged articles solely relying on the proof made available by the borrower/declarations and affirmations made in the loan application and by conducting some basic tests.If
the Company finds out or comes to know subsequently that the gold ornaments pledged as security are spurious or are having purity less than 22 carat, the Company shall initiate civil and criminal proceedings
against the borrower and the borrower shall be solely responsible for all the costs and losses suffered by the Company on this account.
17. In the event of loss of the pledged articles on account of theft,burglary etc,the liability of the Company is limited to paying the amount equivalent to the value of net weight assessed for the purpose of determining the
loan amount at the prevailing market price, i.e.the rate of 22 carat gold published by Bombay Bullion Association as on the date of written claim by the borrower, after deducting the loan amount and interest till the
date on which the borrower makes a claim in writing.
18. All communicationsshallbe sent to theaddress furnished by the borrower in the application form for loan.lfthere is any change in the address or phone number, the same shall be intimated to the company promptly in
writing by the borrower failing which it will be presumed that all communications including demand notices,auctionnoticesetc sent to the said address are deemed to have been received by the borrower.
19. The Company may opt to send SMS or communication in other modes reminding payment of interest/principal and about any other products/services of the Company or of any other entities or for conveying any
information to the borrower.
20. This loan is sanctioned incompliance of the terms of the "Fair Practices Code" of the Company published inthe Company's website www.muthootfinance.com.
21. The employees/auditors of the Company will have the right to verify the purity of the ornaments offered as collateralsecurity adopting the standard appraisal methods as laiddown bythe Company whenever such
verification is warranted.
22. The borrower shall bear I pay the stamp duty on the loan document including additional stamp duty, taxes, penalties etc as may be levied by the Government/Authorities from time to time in relation to the loan
account.
23. If the borrower has any grievance about any of the aspects concerning the loan availed against the security of the gold ornaments, he/she shall first bring it to the notice of the Branch Manager concerned. If the
Branch Manager could not resolve the grievance, the borrower shall take up the matter with the Regional Manager concerned whose address is displayed in the Branch premises. If the Regional Manager also could
not resolve the grievance to the satisfaction of the borrower, the borrower may write to the grievance Redressal Cell of the Company at the following address.The Grievance RedressalCell Officer, Muthoot Finance
Ltd., Head Office:Muthoot Chambers, Opp.Sarttha Theatre Complex, BanerJI Road, Kochl682018.
24. The Company will not interfere in the affairs of the borrower except for the purpose provided in the terms and conditions of the loan sanctioning letter (other than for seeking new information not earlier disclosed by
the borrower).
25. The borrower authorises the Company to hedge the pricerisk by entering into options contract on the underlying pledged Articles which are offered as collateral for this loan and agree to pay there spective
proportionate premium inrespect of the option contract.
26. The Company shall have no liability for any loss/damage caused to the pledged articles due to reasons beyond its control i.e., naturalcalamities such as fire, floods, earthquake etc and in such eventualities the
borrower shall receive only such compensation if and when received by the Company from the settlement of insurance claim.
27. All disbursements of loan/repayment of loan/payment of interest all other transactions shall be done by the borrower during working hours on any working day. If the due date of any repayment or payment of any
amount is not a working day.,it shall be made on the working day immediately preceding that day.
DECLARATI0N AND UNDERTAKING
1. I Undertake to repay the loan availed by me with interest and other charges within 12 months.
2. I have fully understood the terms &conditions including those mentioned here in after and rate of interest applicable to the loan availed by me and I agree and accept the same
3. I am the true and beneficial owner of the gold ornaments offered by me as collateral security for the loan I am availing. I have acquired the said jewellery in a lawfulmanner and there is no claim or dispute inrespect of
the ownership of the same from any person living or legalheir/s of any deceasedperson.
4. The ornaments offered as security are made of pure gold of 22 carat purity.
5. Assecurity for the due repayment of the loan amount,interest, I am on my own volition, executing a Demand Promissory Note in favour of Muthoot Finance I have read the terms & conditions including those
mentioned in the Demand Promissory Note for the grant of the loan which is provided to me in English/Hindi/Malayalarn/Kannada/Telugu/Tamil(language) inwhich I am conversant and comfortable with. The
aforementioned terms and conditions have been further explained to me in a language understood by me and I have understood the entire meaning and implications of the various clauses and executed these
documents, which have been filled in my presence.I have received copy/ies of all the documents executed by me for and in connection with the loan.
6. In case any of my affirmations/declarations about ownership and/or purity of the gold are proved to be incorrect, I shall indemnity and keep Muthoot Finance Ltd indemnified to the extent of losses suffered by the
Company on account of such wrongful declaration and the loan shall become repayable forthwith with interest and all other charges. Any disputesarising out of this loan agreement shall be referred to asolearbitrator
appointed by the Company as per the provisions of The Arbitration and Conciliation Act 1996. The place of arbitration shall be at Ernakulam. Subject to arbitration, the courts at Emakulam shall have the exclusive
juris diction to try and entertain any issues related to this transaction.
I, the holder of Aadhaar Number ................,hereby give my consent to Mls Muthoot Finance Ltdto obtain my Aadhaar number, Name and Angerprlntflrls for authentication with UIDAI.Mfs Muthoot Finance Ltd has informed me
that my identity informationwould only be used tor 'e'KYC and also inlonnecllhat my biometrics willnot be stored/ shared andwill be submitted to CIDR only for the purpose of authentication.
Date Signature of the Borrower
CERTIFICATE
The purity of the gold content in the net weight of the jewellery pledged as security for the loan is approximately assessed as 22 caret on the basis of the
proof made available by the borrower/declarations made in the application for the loan solely for the purpose of determining the permissible loan amount and
the reserve price for auction. No obligation shall vest with the Company with regard to the purity of the gold on the basis of this certification
Signature of the Branch Manager

Acknowledgement
(At the time of closure of Loan Account)
Received back the ornament( a) pledged as collateral security agalnat the aforementioned loan availed by me against surrender of the Duplicate (Token) of this
Sanction Letter
Date Signature of the Borrower

Muthoot Finance Limited, Registered Office: 2nd lloor, Muthoot Chambers, Banerji Road, Kochi - 682 018, Kerala, India, CIN:
L65910KL1997PLC011300, Phone:+ 91 484 2396478,2394712, Fax: +91484 2396506,2397399, mails@muthootgroup.com,
www.muthootgroup.com
This form is generated online by the Customer himself and hence does not require a manual signature.