Customer Application Form

(Personal Loan)

Applicant Name: Application No.: 88007714169

Date : Wed, Oct 23, 2024 6:50 PM

Key Fact Statement

Part 1 (Interest rate and fees/charges)
This KFS is generated for STP cases and shall lapse if the present application process is

abandoned or discontinued

1. Loan Proposal/ Account 88007714169 Type of Loan: Personal

No. Loan

2. Sanctioned Loan Amount (in Rupees)

3. Disbursal schedule: 100% upfront

i. Disbursement in stages or 100% upfront.

ii. If stage-wise, mention the clause of the loan NA

agreement with relevant details

4. Loan term (year/months/days) months

5. Installment details

Type of Number of EMI Amount commencement of repayment

installments EPIs , post sanction.

Monthly days

6. Interest rate (%) and type (fixed, floating, or hybrid) fixed

7. Additional information in case of a floating rate of

interest

Reference Benchmark Spread (%) (S) Final rate Reset Impact of

Benchmark rate (%) (%) (R = B periodicity change in
(B) + S) (months) reference
benchmark
(for 25 bps
change in 'R')

B S EMI No. of
 EMIs

8. Fee/Charges¹ (deducted from loan amount)

Payable to the RE (A) Payable to third party through

RE(B)

One- Amount One- Amount (in)

time/Recurring (in) or time/Recurring or
Percentage Percentage
(%) (%)

i. Processing fees One-time ₹0

(applicable for PL)

ii. Other charges (if

applicable)

9. Annual Percentage Rate (APR)2 (%) %

10. Details of Contingent Charges (in or %, as applicable)

i. Penal charges, if any, in case of delayed payment/late 5% per annum

payment

ii. Other penal charges, if any:

a. Dishonor of Cheque/AD/NACH per transaction 500
b. Non-Maintenance of Mode of Payment charges 800
(NMMP)

iii. Foreclosure charges, if applicable (chargeable on

principal outstanding):
Prepayment of the loan is possible anytime 3% on principal outstanding
during loan tenure after payment of 1 EMI with NIL
applicable foreclosure charges NIL
If foreclosed before 12 EMIs
After 12 paid EMIs
NIL for eligible Micro and Small enterprises with
a loan amount ≤50 Lakhs (subject to URC
submission)

(iv) Charges for switching of loans from floating to fixed rate NA

and vice versa

(v) Cash Transaction Charges

Charges for Amortization Schedule 100
Charges for Duplicate No Objection / No Dues 200(for physical copy)
Certificate Charges for prepayment/foreclosure 250
Statement Charges for Statement of Account 200(for physical copy)
Charges for Revalidation of No Objection Certificate 200(for physical copy)
250
Loan cancellation charges within freelook/Cooling off
period (15 days from disbursement date) 2500

Part prepayment charges: 3%(of amount being prepaid)

Loan seasoning up to 24 months NIL
500
 Loan seasoning above 24 months At Actuals
Charges for swapping of repayment mode
Recovery Charges (if Applicable)

1REs may disclose the amount net of any taxes such as GST
2Please refer Annex B

Note - Goods and Services Tax (GST) and other Govt. taxes, levies, etc. applicable as per prevailing
rate will be charged over and above the mentioned charges.

Part 2 (Other qualitative information)s

1. Clause of ICICI Bank shall be entitled, at the sole risk and cost of the Borrower/s, to engage
Loan one or, more person(s) to collect the Borrower/s' Dues and/or to enforce any
agreement security provided by the Borrower/s, and ICICI Bank may (for such purposes)
relating to furnish to such person(s) such information, facts and figures pertaining to the
engagement Borrowers, the security and/or the Product(s) as ICICI Bank deems fit. ICICI Bank
of recovery may also delegate to such person(s) the right and authority to perform and
agents execute all acts, deeds, matters and things connected therewith, or incidental
thereto, as ICICI Bank deems fit.

2. Clause of ICICI Bank follows a three-level grievance redressal mechanism that is available on
Loan the website of the Bank. For details, please visit our website www.icicibank.com
agreement and navigate to -Home > Contact Us > Queries/Complaints
which details
grievance
redressal
mechanism

3. Phone +91-22-39337979
number and Email id for off-line Channels -
email id of pno@icicibank.com
the nodal
grievance Email id in Case of Digital Loan - digitallending@icicibank.com
redressal
officer

4. Whether the Yes

loan is, or in
future
maybe,
subject to
transfer to
other REs or
securitization
(Yes/No)

5. 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.

6. In case of lending under collaborative lending arrangements (e.g., co-lending/ outsourcing),

following additional details may be furnished:
 Name of the Name of the partner RE along with its proportion of Blended rate of interest
originating funding
RE, along
with its
funding
proportion

NA NA NA

7. I In case of digital loans, following specific disclosures may be furnished:

i. Cooling off/look-up period, in terms of 15 days from disbursal date

RE's board approved policy, during
which borrower shall not be charged any
penalty on prepayment of loan

ii. Details of LSP acting as recovery No recovery agent is assigned for loan account. In case
agent and authorized to approach the any recovery agent is assigned then particulars of such
borrower recovery agent will be communicated before the
recovery agent contacts for recovery.

Definitions:
Annual Percentage Rate (APR) is the annual cost of credit to the borrower which includes
interest rate and all other charges associated with the credit facility.
Equated Periodic Instalment (EPI) is an equated or fixed amount of repayments, consisting of
both the principal and interest components, to be paid by a borrower towards repayment of a
loan at periodic intervals for a fixed number of such intervals; and which result in complete
amortisation of the loan. EPIs at monthly intervals are called EMIs.

I/We acknowledge that :

1. I/We have not made any payment in cash, bearer cheque or kind along with or in connection
with this application to the executive collecting my/our application form.
2. The sanction under the Facility, if and when sanctioned, shall be governed by the terms and
conditions applicable there to and it shall be my/our responsibility to obtain the copy and read
the same
3. ICICI Bank follows defined instalment due date on a fixed day of each month which is decided
on the basis of the date on which loan is disbursed. Accordingly, accounting reconciliations
would be suitably effected at the time of payment of the last Instalment. Instances wherein
Disbursement is delayed the Instalment amount may change accordingly.
4. ICICI Bank has an unconditional right to cancel the outstanding un-drawn commitments under
the Transaction Documents at any time during the currency of the facility and that ICICI Bank
shall endeavor to provide prior intimation of the same to me/us.

For detailed privacy policy of ICICI bank, please visit https://www.icicibank.com/privacy.page

 Annex B
Illustration for computation of APR for Retail and MSME loans
Sr.No. Parameter Details

1. Sanctioned Loan amount (in Rupees) (SI no. 2 of the KFS template- Part 1)

2. Loan Term (in year/months/days) (SI no.4 of the KFS template- Part 1) months

a. No. of instalments for payment of principal, in case of non equated periodic loans NA

b. Type of EPI Monthly

Amount of each EPI (in Rupees) and nos. of EPIs (e.g., no. of EMIs in case of
monthly instalments) (SI No. 5 of the KFS template- Part 1)

c. No. of instalments for payment of capitalised interest, if any NA

d. Commencement of repayment post sanction (SI No. 5 of the KFS template- Part 1) days

3. Interest rate type (fixed or floating or hybrid) (SI No. 6 of the KFS template- Part 1 Fixed

4. Rate of Interest (SI No. 6 of the KFS template- Part 1)

5. Total Interest Amount to be charged during the entire tenor of the loan as per the
rate prevailing on sanction date (in Rupees)

6. Fee/ Charges payable (in Rupees)3

A. Payable to the RE (SI No.8A of the KFS template-Part 1) ₹0

B. Payable to third-party routed through RE (SI No.8B of the KFS template -Part 1) NA

7. a. Disbursed amount (1-6) (in rupees) for APR calculation (excluding stamp duty ₹
charges) 0
b. Stamp duty charges {as per Part 18 (viii)} ₹
c. Net disbursed amount 7 (a-b) (in Rupees) **

8. Total amount to be paid by the borrower (sum of 1 and 5) (in Rupees) *** ₹

9. Annual Percentage rate- Effective annualized interest rate5 (in percentage) (SI No.9 %
of the KFS template-Part 1)

10. Schedule of disbursement 100%

upfront

11. Due date of payment of instalment and interest

7 Where such charges cannot be determined prior to sanction, REs may indicate an upper ceiling.

8 The difference in repayment amount calculated from the total of instalments given under the detailed
repayment schedule i.e., (= * ) vis-à-vis the amount of ( (loan amount) + (interest charges)) mentioned
under (8) is due to rounding off the instalment amount of to under the detailed repayment schedule.
5
5 Computed on net disbursed amount using IRR approach and reducing balance method.

*For upfront fees/charges which are deducted from disbursement amount, please refer Annex A, Sr no 8
(Fees/Charges)

**Fees/Charges wherever paid by customer through cheque/online/any other mode, these fees/charges
are not considered for the computation of Sr no 7C (Net disbursed amount) & Sr no 8 (Total amount to be
paid by the borrower).

I hereby confirm that I have received a copy of duly filled Key Fact Statement as above.

Name:

Time Stamp: 23-10-2024 18:50:46

Key Fact Statement - Personal Loan - Annexure II

Date: Wed, Oct 23, 2024 6:50 PM Applicant name:

Detailed Repayment Schedule

Instl. Outstanding Principal (in Interest (in Instalment (in

No Principal (in Rupees) Rupees) Rupees) Rupees)

Note: EMI date and EMI are subject to changes based on the date of loan disbursal.

Personal Details:
Full Name Date Of Birth Gender

PURUSHOTTAM KUMAR 30-09-1996 MALE

Phone Number Alternate Contact PAN Number

Number
+91 8804369874 EDWPK5152E
- Not Available

Email ID Religion Marital Status

- Not Available - Not Available - Not Available

Permanent Address Communication Address Office Address

GRAM DHARMAY CHAK GRAM DHARMAY CHAK - Not Available

LAKRA BANKA 813107 LAKRA BANKA 813107
BIHAR (BH) BIHAR (BH)

Is Your Permanent Designation Mother's Maiden Name

Address Same As
- Not Available - Not Available
Communication Address?

Yes
Father's Name Spouse Name Current Employer

Milan Kumar Singh - Not Available - Not Available

Monthly Take Home Office Email ID Qualification

Salary
- Not Available - Not Available
- Not Available

Purpose Of Facility Add-On Product Proof Of Address

- Not Available - Not Applicable - Not Available

Employee ID Aadhar No/Proof of Employment Type

Identity
- Not Applicable - Not Available
- Not Available

Customer Category Citizenship Residential Status

- Not Available Indian Resident Individual

Facility Usage:

Utilisation District Division Sub Division

BANKA PERSONAL LOANS AND PERSONAL LOANS AND

CONSUMER LOANS CONSUMER LOANS

Activity

OTHER PERSONAL LOANS -

OTHER THAN TO STAFF

Loan Details:

Loan Amount Tenure EMI

- Not Available 0 - Not Available

Processing Fee Interest Rate

- Not Available 0%

ENACH:

Bank Name Debit Account Number Account Type

- Not Applicable - Not Available - Not Applicable

IFSC Code EMI First Date EMI Last Date

- Not Available - Not Applicable - Not Applicable

Additional Details:
Place/City Of Birth* Occupation Gross Annual Income

- Not Available - Not Available - Not Available

Declaration Nominee First Name Nominee Last Name

- Not Available - Not Available - Not Available

Nominee DOB Experience Education

- Not Available - Not Available - Not Available

Company Type Department

OTHERS - Not Available

Profession Do You Have Any Existing Relationship Account

Relationship With ICICI? Number
- Not Available
No - Not Available

Are You A Relationship Have you been assisted

Director/Relative Of by an ICICI
- Not Available
Director Of ICICI Bank or Representative?
Any Other Bank?
No
No

Branch ID

NA

END USE OF DECLARATION

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.

DECLARATION

I/We have no objection to ICICI Bank Limited, its group companies, agents/representatives
to provide me/us information on various products, offers and services provided by ICICI Bank
Limited/ its group companies through any mode (including without limitation through
telephone calls/ SMSs/emails) and authorize ICICI Bank Limited, Its group companies, agents I
representatives for the above purpose. Please tick Yes or No, as acceptable·

YES NO

COMMON DECLARATION
 1. I/We declare that all the particulars and information and details given/filled in this application
form are true, correct, complete and up-to-date in all respects and that I/We have not withheld
any information whatsoever.
2. I hereby declare that the details furnished above are true and correct to the best of my
knowledge and belief and I undertake to inform you of any changes therein, immediately. In case
any of the above information is found to be false or untrue or misleading or misrepresenting. Iam
aware that I may be held liable for it.
3. I hereby consent to receiving information from Central KYC Registry through SMS / Email on the
above registered number/ email address.
4. I/ We confirm that no insolvency proceedings or suits for recovery of outstanding dues or monies
whatsoever and/ or any criminal proceedings have been initiated and/ or are pending against
me/us and that I / we have been never adjudicated insolvent by any court or other authority.
5. No action nor other steps have been taken or legal proceedings started by or against me/us in
any court of law / other authorities for Winding up, dissolution, administration or reorganization
or for the appointment of a receiver, administrator, administrative receiver, trustee or similar
officer or for my/our assets.
6. I/We declare that I/we have not made any payment in cash, bearer cheque or kind along with or
in connection with this application to the executive collecting my/our application. I/We shall not
hold ICICI Bank liable for any such payment made by us to the executive collecting this
application.
7. l/We understand and confirm that the Application Form and all other documents submitted by
me/us to ICICI Bank shall not be returned to me/us and ICICI Bank shall have the right to retain
the same.

II / We authorize ICICI Bank Limited (ICICI Bank) and their agents to exchange, share or part with
all information and data maintained with ICICI Bank relating to my/ our existing account related
information including existing or prior loans and repayment history to other ICICI group
companies, banks, financial institutions, credit bureau, agencies, mobile network operators
directly or indirectly, statutory bodies and other service providers of ICICI Bank as may be
required and I/We shall not hold ICICI Bank (or any of its group companies) liable for sharing such
information.

8. I/We further authorize ICICI Bank to submit/disclose the ‘financial information’ as defined in
Section 3(13) of the Insolvency and Bankruptcy Code, 2016 (“IBC”) (including all amendments
and replacements made thereto and all rules and regulations framed thereunder) in relation of
the loan facility availed by me/us to an Information Utility as defined in Section 3(21) of IBC. I/We
further agree to promptly authenticate and verify the ‘financial information’ submitted by ICICI
Bank, as and when requested by Information Utilities
9. I/We understand and acknowledge that ICICI Bank shall have the absolute discretion, without
assigning any reasons (unless required by applicable law), to reject our application and that ICICI
Bank shall not be responsible/ liable in any manner whatsoever to me/us for such rejection or
any delay in notifying me/us 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/us of such
rejection, of our application. Except to the extent disclosed to ICICI Bank herein, no Chairman /
Managing Director or director or a relative/near relation, , of a Chairman / Managing Director or
director of a banking company (including ICICI Bank and its subsidiaries) or mutual funds/venture
capital funds or a relative/near relation, , of a senior officer of ICICI Bank, as specified by RBI, is:
a partner of our concern, or a trustee, member, director, manager, employee of our concern, or
of our subsidiary, or our holding company, or a guarantor on my/our behalf, or holds substantial
interest in our concern or my/our subsidiary or holding company.
10. For the purpose of this clause the terms “relative”, “near relation” & “senior officer” shall have
the same meaning ascribed to them under the RBI master circular on Loans and Advances dated
July 1, 2015, para 2.2.1.8 and shall include any amendments made thereto. Details of any such
relation as referred to above
11. Any claim or dispute whatsoever (whether in contract, tort or otherwise) arising out of or in
connection under the terms of facility, including any question regarding its construction,
 meaning, existence, validity, breach, recall, recovery or termination, shall be resolved and
settled by mediation or conciliation (if the Borrower(s) and ICICI Bank agree to such mediation or
conciliation), administered in accordance with the applicable mediation or conciliation rules of an
independent online dispute resolution institution listed on ICICI Bank Limited website (“ODR
Institutions”). Any party may appoint any listed ODR Institutions to facilitate mediation or
conciliation. If one Party appoints an ODR institution before the other, the ODR institution
appointed by the first Party shall be binding on other party. If the Borrower(s) and ICICI Bank do
not agree to mediation or conciliation , or if the mediation or conciliation fails to resolve the
claim or dispute within the period stipulated in such rules or within a period of 21 days from the
date of notice of appointment of mediator or conciliator (whichever is earlier), then the claim or
dispute shall be taken forward for adjudication by arbitration in terms of the applicable rules of
said ODR Institution, and in accordance with the Arbitration and Conciliation Act, 1996, which
shall be conducted (including for recording of evidence or tendering of documents), concluded
and administered online by ODR Institution through its website/platform or mobile application.
The arbitral tribunal shall consist of an independent sole arbitrator appointed in accordance with
the applicable arbitration rules of the ODR Institution. The seat of arbitration proceedings shall
be Mumbai. The law governing the arbitration proceedings shall be Indian law. The procedural
law of arbitration shall be rules of ODR Institution.
12. Are you a Politically Exposed Person (PEP) or are you a family member1 or close associates2 of
Politically Exposed Person (PEP)
1 - The term family member include close family members such as spouse, children,
parents and siblings and may also include other blood relatives and relatives by
marriage.
2 - The term close associates in context of PEP include close business colleagues and
personal advisors/consultants to the PEP as well as persons who obviously benefit
significantly from being close to such a person.
13. In compliance with the rule 9B of the Prevention of Money Laundering (Maintenance of Records)
Rules, you are required to intimate us if there is any change in your KYC details along with
updated documents (i.e. address, contact details, profile, etc.) within a period of 30 days from
the date the change was made. Once you intimate us, we will make necessary changes in our
records. Any update can be intimated to the Bank as specified in the application form.
14. I hereby declare that I authorise ICICI Bank to download/fetch my CKYCRR record for the purpose
of processing of loan application and/or updating the CKYCRR record reference number in Bank’s
records or any other related purposes
 CREDIT FACILITY APPLICATION FORM

(To be Filled by applicant only)

1. INTRODUCTION

1. All applicants and co-applicants [collectively, “the Applicant(s)”, which expression shall, as
the subject or context may admit or require, mean any or each of the Applicant(s)] - whether
individuals, proprietary concerns, partnerships, Hindu Joint Family, societies, trusts or
private/public companies or any other bodies or associations (whether incorporated or not),
who wish to either 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. Upon consideration of the Application Form and all other additional documents necessary or
required for consideration of the Application Form, submitted by the Applicant(s), and if the
same is to the satisfaction of ICICI Bank, ICICI Bank shall disburse the requested Facility to
the Applicant(s).
4. 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 Limited's (All-India) Standard Terms & Conditions Governing Unsecured Loans
(Regular and Pre-Qualified Loans)”, a copy of which has been handed over to the Applicant,
as well as the terms and conditions specified/referred to herein.
5. All capitalised terms used but not specifically defined in this Application Form shall have the
respective meanings ascribed to them under the Standard Terms.

IIA. DETAILS OF THE APPLICANT

Name of Applicant : Father's Name:

PURUSHOTTAM KUMAR Milan Kumar Singh

Residence Address:

GRAM DHARMAY CHAK LAKRA BANKA 813107 BIHAR (BH)

Pin : Landmark :

813107 - Not Available

STD Code : Tel : Fax : Mobile :

+91 8804369874
Email ID :

- Not Available
Address of communication :

Residence

Office address as stated above (please select)

III. DETAILS OF THE FACILITY AND OTHER CHARGES

Facility in the nature of:

Rupee Loan
 Rupee Loan
Facility amount:

Not exceeding: - Not Available

in Words: NA Only.
Rate of interest :

0% per annum

in Words: NA Only.
(plus applicable interest tax or other statutory levies) payable on the date(s) specified in
Sectiobelow in relation to the repayment of the Facility.

Tenure :

0
Processing Fee:

Rs. - Not Available

in Words: NA Only.
(plus applicable taxes or other statutory levies, if any. )

Note : The processing fee is one time fee and is collected by ICICI Bank for the purpose of
appraising the application for the facilty and the same is independent of the outcome/ result of
such appraisal.

Purpose of Facility :

- Not Available
Facility is to be disbursed to:

Name

PURUSHOTTAM KUMAR
Disbursement Mode :

Direct credit to ac no.

- Not Available
Note: Fees / charges paid by deducting the facility, then ICICI Bank shall disburse an amount reduced
by the amount of fees/ charges; however the Applicant shall be liable for the Entire Facility amount.

Repayment
Amount of each Installment :

- Not Available

in Words: NA Only.
No. of installments

Due dates(s): - Not Available

th day of each successive month

First Due Date:

Last Due Date:

Note: The Facility and applicable interest shall be payable/ repayable by the Applicants(s) to ICICI
Bank as per aforementioned schedule notwithstanding the dates(s) of disbursement by ICICI Bank to
 the person(s) mentioned above.

Mode of payment/ repayment of the Installments

by direct debit from the applicant/'s bank account with the ICICI Bank (“ Direct Debit
method/ Reduction against Salary “)

Prepayment Charges

Prepayment Charges 3%+GST on the outstanding amount.

*Part Payment Charges a) 3% on Principle amount Prepaid for loans

seasoning up to 24 months
b) Nil for loan seasoning above 24 months.

Information utility charges (Only for ₹ 300/-

corporate cases)

Charges for Amortization Schedule ₹ 200/- for physical print out, Nil for digital channels

Loan cancellation charges ₹ 2500/-

Charges for duplicate NOC / No Dues ₹ 250/- for physical print out at the branch
Certificate

Charge for Prepayment Statement ₹ 200/- for physical print out at the branch

Charges per EMI Bounce ₹ 500, (Plus applicable taxes or statutory levies, if
any.)

Repayment mode swap charges ₹ 500, (Plus applicable taxes or statutory levies, if
any.)

Penal charges (applicable on payment 5% p.a., (Plus applicable taxes or statutory levies, if
defaults) any.)

Note :

i. The charges / interest rate(s) specified in this Application Form and / or the other
Transaction Documents in relation to the Facility are non- refundable in nature and the
rates are changeable, at the discretion of ICICI Bank, from time to time. ICICI Bank shall
endeavour to give notice of such changes.
ii. The charges for missed due date shall be payable by the Applicant/s to ICICI Bank under
the Direct Debit method, or every instance that Installment/s is/are not paid to/received by
ICICI Bank in accordance with the repayment schedule specified above (irrespective of the
reasons for such non-payment/non-receipt).
iii. GST an all other applicable taxes/ statutory levies, if any will be charged additionally.
iv. The charges/penal Charges shall be levied at the sole discretion of the Bank.
v. Zero FC after 12 EMIs & closure within 12 months will be 3% of the outstanding POS plus
GST.

DECLARATIONS BY THE APPLICANT(S)

1. I/We declare that all the particulars and information and details given/filled in this Application
Form are true, correct, complete and up-to-date in all respects and that I/We have not withheld
 any information whatsoever.
2. In addition to the representations, declarations, warranties and confirmations given by me/us in
this Application Form, I/we do hereby represent, warrant, make and confirm to ICICI Bank each of
the representations, declarations, warranties and confirmations set out in the Standard Terms (as
defined below) and do hereby further represent, warrant and confirm to ICICI Bank that each of
such representations, declarations, warranties and confirmations are, true, correct, valid and
subsisting in every respect as of the date of this Application Form, and all such 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/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 referred to as “Permitted Persons”) For the purposes of:
Provision of the facility and completion of on-boarding formalities; or
Complying with KYC requirements; or
Compliance with applicable laws or any order (judicial or otherwise),
statutory/regulatory requirement; or
for credit review of facilities availed; or
authentication or verification; or
research or analysis, credit reporting & scoring, risk management, participation
in any telecommunication; or
electronic clearing network and for use or processing of the said information/
data.
Disclosing any default in payment, for the purposes of recovering such amounts.
4. /We confirm that no insolvency proceedings or suits for recovery of outstanding dues or monies
whatsoever or properties and/or any criminal proceedings have been initiated and/or are
impending against me/us and that I/we have never been adjudicated insolvent by any court or
other authority. I/ 7. we have not taken any action and no other steps have been taken or legal
proceedings started by or against me/us in any court of law / other authorities for the
appointment of a receiver, administrator, administrative receiver, trustee or similar officer or for
my/our assets.
5. I/We confirm that I/we shall not use the Facility (or any part thereof) for any
improper/illegal/unlawful/ speculative/ capital market related activities and shall apply the
Facility (or any part thereof) only for the limited purposes 8. specified herein. The Applicant shall
use the proceeds of the Facility for the
6. Purpose and shall, if the Bank so desires, furnish a certificate and/ or such other valid proofs
(including without limitation valid invoices, bills, receipts, acknowledgments, etc.) to the
satisfaction of the Bank, in the format and manner acceptable to the Bank, affirming that the
Facility has been utilized for the Purpose. If for any reason the Borrower finds itself unable to
comply with this condition, it shall immediately inform ICICI Bank in writing of the same and the
reasons there for and shall, unless otherwise agreed to by ICICI Bank, repay forthwith the
outstanding balance of the Facility together with interest and all other monies payable in respect
thereof.

Except to the extent disclosed to ICICI Bank herein, no Chairman / Managing Director or director
or a relative/near relation of a Chairman / Managing Director or director of a banking company
(including ICICI Bank and its subsidiaries) or mutual funds/venture capital funds or a relative/near
relation of a senior officer of ICICI Bank, as specified by RBI, is: a partner of our concern, or a
trustee, member, director, manager, employee of our concern, or of our subsidiary, or our
 holding company, or a guarantor on my/our behalf, or holds substantial interest in our concern or
my/our subsidiary or holding company. For the purpose of this clause the terms “relative”, “near
relation” & “senior officer” shall have the same meaning ascribed to them under the RBI master
circular on Loans and Advances dated July 1, 2015, para 2.2.1.8 and shall include any
amendments made thereto.” Details of any such relation as referred to above

7. I/We undertake to inform ICICI Bank regarding any changes whatsoever in my/our addresses as
specified here in above or my employment/profession and to promptly provide such further
information that ICICI Bank (or its designated group companies or agents or representatives)
may require.
8. I / We authorize ICICI Bank and their agents to exchange, share or part with all information and
data maintained with ICICI Bank relating to my/ our existing account related information
including existing or prior loans and repayment history to other ICICI group companies, banks,
financial institutions, credit bureau, agencies, mobile network operators directly or indirectly,
statutory bodies and other service providers of ICICI Bank as may be required and I/We shall not
hold ICICI Bank (or any of its group companies) liable for sharing such information
9. I/We have fully read and understood the Standard Terms copy of which has been been provided
to me/us.
10. I /We acknowledge and agree that the grant of the Facility by ICICI Bank to me / us shall be
subject to compliance by me / us of the Standard Terms and the terms and conditions set out
under this Application.
11. I/We further authorize ICICI Bank to submit/disclose the ‘financial information’ as defined in
Section 3(13) of the Insolvency and Bankruptcy Code, 2016 (“IBC”) (including all amendments
and replacements made thereto and all rules and regulations framed thereunder) in relation of
the loan facility availed by me/us to an Information Utility as defined in Section 3(21) of IBC. I/We
further agree to promptly authenticate and verify the ‘financial information’ submitted by ICICI
Bank, as and when requested by Information Utilities.

I/We further authorize ICICI Bank to submit/disclose the ‘financial information’ as defined in
Section 3(13) of the Insolvency and Bankruptcy Code, 2016 (“IBC”) (including all amendments
and replacements made thereto and all rules and regulations framed thereunder) in relation of
the loan facility availed by me/us to an Information Utility as defined in Section 3(21) of IBC. I/We
further agree to promptly authenticate and verify the ‘financial information’ submitted by ICICI
Bank, as and when requested by Information Utilities.

Following term stands amended as follows- “Transaction Documents” include all writings and
other documents executed or entered into, or to be executed or entered into, by the Borrower(s)
or any other person or any other document executed or issued by ICICI Bank/Bank in relation, or
pertaining, to the Facility and each such Transaction Documents as amended from time to time

For detailed privacy policy of ICICI bank, please visit https://www.icicibank.com/privacy.page

ADDITIONAL DECLARATION

/ We have read and understood the concepts and illustrations in relation to due dates,
classification of borrowal accounts as SMA (special mention account), NPA (nonperforming 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 from 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 accounts, 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 LOANS IN THE NATURE OF CASH

CREDIT/ OVERDRAFT

SMA Sub-categories Basis for SMA Sub-categories Basis for

classification — classification —
Principal or interest Outstanding
payment or any balance remains
other amount wholly continuously in
or partly overdue excess of the
sanctioned limit or
drawing power,
whichever is lower
for the period of

SMA-0 Upto 30 days

SMA-1 More than 30 days SMA-1 More than 30 days

and upto 60 days and upto 60 days

SMA-2 More than 60 days SMA-2 More than 60 days

and upto 90 days and upto 90 days

Non-performing Asset- NPA is a loan or an advance where:

Interest and/ or instalment of principal remains overdue for a period of more than 90 days
in respect of a term loan,

The account remains 'out of order' as indicated below, in respect of an overdraft/cash

credit ("OD/CC"),

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

The instalment of principal or interest thereon remains overdue for two crop seasons for
short duration crops,

The instalment of principal or interest thereon remains overdue for one crop season for
long duration crops.

Out of Order' Status:

An account shall be treated as 'out of order' if:
 The outstanding balance in the OD/CC account remains continuously in excess of the
sanctioned limit/drawing power for 90 days;

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, 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.

Illustrative movement of an account to SMA category to NPA category based on delay /

nonpayment of dues and subsequent upgradation to Standard category at day end
process :
Due date Payment Payment covers Age of SMA / NPA SMA since NPA NPA Date
of date oldest Categorisation Date /SMA categorisation
payment dues in class date
days
01.01.2022 01.01.2022 Entire dues upto 0 NIL NA NA NA
01.01.2022
01.02.2022 01.02.2022 Party paid dues of 1 SMA-0 01.02.2022 NA NA
01.02.2022
01.02.2022 02.02.2022 Party paid dues of 2 SMA-0 01.02.2022 NA NA
01.02.2022
01.03.2022 Dues of 01.02.2022 not 29 SMA-0 01.02.2022 NA NA
fully paid 01.03.2022 is also
due at EOD 01.03.2022
Dues of 01.02.2022 fully 1 SMA-0 01.03.2022 NA NA
paid , Due for 01.03.2022
not paid at EOD 01.03.2022
No payment of full dues of 31 SMA-1 01.02.2022 / NA NA
01.02.2022 and 01.03.2022 03.03.2022
at EOD 03.03.2022
Dues of 01.02.2022 fully 1 SMA-0 01.03.2022 NA NA
paid , Due for 01.03.2022
not fully paid at EOD
1.03.2022
01.04.2022 No payment of dues of 60 SMA-1 01.02.2022 / NA NA
01.02.2022, 01.03.2022 03.03.2022
and amount due on
01.4.2022 at EOD
01.04.2022
No payment of dues of 61 SMA-2 01.02.2022 / NA NA
01.02.2022 till 01.04.22 at 02.04.2022
EOD 02.04.2022
01.05.2022 No payemnt of dues of 90 SMA-2 01.02.2022 NA NA
01.02.2022 till 01.05.22 at /02.04.2022
EOD 01.05.2022
No payment of dues of 91 NPA NA NPA 02.05.2022
01.02.2022 till 01.05.2022
at EOD 02.05.2022
01.06.2022 01.06.2022 Fully Paid dues of 93 NPA NA NPA 02.05.2022
01.02.2022 at EOD
01.06.2022
01.07.2022 01.07.2022 Paid entire dues of 62 NPA NA NPA 02.05.2022
01.03.2022 & 01.04.2022
at EOD 01.07.2022
01.08.2022 01.08.2022 Paid entire dues of 32 NPA NA NPA 02.05.2022
01.05.2022 & 01.06.2022
at EOD 01.08.2022
01.09.2022 01.09.2022 Paid entire dues of 1 NPA NA NPA 02.05.2022
01.07.2022 & 01.08.2022
at EOD 01.09.2022
01.10.2022 01.10.2022 Paid entire dues of 0 Standard NA NA STD from
01.09.2022 & 01.10.2022 Account with NO 01.10.2022
Overdues
 ICICI BANK LIMITED (ALL-INDIA) STANDARD TERMS - UNSECURED LOANS(REGULAR &
PRE-APPROVED)

Effective Date: 01/04/2024

1. INTRODUCTION

These Standard Terms and Conditions shall govern the Facility applied for and availed by the
Borrower from ICICI Bank Limited (“ICICI Bank”) through: (a) submission of the Application Form
on its official website available at www.icicibank.com (“Website”); or ICICI Bank’s mobile-based
application or any other digital platform made available by ICICI Bank, whether through an
arrangement with a third party or otherwise (“Portal”/”Platform”); or (b) submission of the
Application Form by the Borrower at any branch of ICICI Bank. These Standard Terms and
Conditions shall be read and construed as part of the Application Form.

By applying for the Facility/Loan through submission of physical Application Form or through the
Portal by clicking on ‘Accept’/’Agree’/‘Agree and Proceed’ icon/button; and/or by submitting one-
time password received on the Borrower’s registered mobile number and/or by affixing electronic
signature or digital signature, the Borrower confirms that:
(a) the Borrower has authorized ICICI Bank to access / receive the information provided by the
Borrower from the Goods and Services Tax Network (GSTN), income tax authorities, credit
bureaus, Unique Identification Authority of India (UIDAI) or other similar system for the
purposes of completing the Application Form; and
(b) the Borrower has read, understood and agrees to the Key Fact Statement (KFS) / Most
Important Terms and Conditions (MITCs) and Standard Terms and Conditions governing the
Facility displayed on the Portal to the Borrower at the time of applying for the Facility.

In case of any inconsistency between the Application Form, KFS/ MITCs and the Standard Terms,
the terms of the Facility set forth in the KFS/MITCs of the Facility shall prevail.

Capitalised terms used herein shall have their meaning in the ‘Definitions’ section hereunder or in
these Standard Terms and Conditions.

2. DEFINITIONS

In these Standard Terms and Conditions, the following expressions shall, if used with initial
capitalization, have the meanings set out below:

(I) "Application Form” means the preliminary application form (if any), credit facility application
form(s) (whether generated/submitted digitally through the Portal or submitted physically) and
includes all information submitted by the Borrower to ICICI Bank for applying for and availing
the Facility.
(II) “Borrower” shall mean and refer to, jointly and severally, the applicant and co-applicants (if
any) who has/ have been sanctioned and granted the Facility by ICICI Bank based on the
Application Form submitted by such applicants and co-applicants to ICICI Bank for availing of
the Facility and includes depending upon the nature of the Borrower (a) its successors and
permitted assigns, if the Borrower is a company within the meaning of the Companies Act
2013 or (b) a society registered under the applicable laws relating to societies; (c) any or each
of the partners and their survivor(s) or the partner(s) from time to time and their respective
heirs, legal representatives, executors, administrators and permitted assigns, if the Borrower
is partnership firm within the meaning of the Indian Partnership Act, 1932 or a Limited Liability
Partnership Act, 2008 (LLP) ;

V. 1.20240401
 (d) his / her heirs, legal representatives, executors, administrators and permitted assigns, if
the Borrower is an individual and/or carrying on business as a sole proprietary concern; (e) the
karta and any or each of the adult members of the Hindu Undivided Family (HUF) and their
survivor(s) and his/ her / their respective heirs, legal representatives, executors,
administrators and permitted assigns, if the Borrower is a joint HUF; and (f) the trustee(s) for
the time being thereof and the successors and permitted assigns of the trust/trustees, if the
Borrower is a trust.
(III) “Borrower’s Dues” shall mean and include the outstanding principal amount of the Facility,
interest on the Facility, Penal Charges, fees, costs, stamp duty, all applicable charges and
liabilities of any kind whatsoever payable by Borrower to ICICI Bank in connection with the
Facility and all other sums whatsoever payable by the Borrower in accordance with the
Transaction Documents.
(IV) “Business Day” means a day on which ICICI Bank’s branches are open for normal business
transactions.
(V) “Due Date” shall mean each such date on which any amount in respect of the Borrower’s
Dues, fall due as specified in the Application Form or KFS/MITC or such other communication
as may be made by ICICI Bank to the Borrower.
(VI) “Equated Monthly Instalments” or “EMI” means and includes the amount of monthly
payment required to repay the principal amount of the Facility, and pay interest /other monies
due and payable by the Borrower.
(VII) “Facility” or “Loan” means the amount of the loan/financial assistance which is applied for
and availed by the Borrower from ICICI Bank and as specified in the Application Form and set
out in the KFS.
(VIII) “Indebtedness” means the indebtedness of the Borrower at any time, in respect of monies
borrowed, contracted or raised or liabilities of any nature contracted by the Borrower in any
manner whatsoever (including under guarantees, indemnities, acceptance, credits, deposits,
hire-purchase and leasing).
(IX) “Material Adverse Effect” shall mean any event or circumstance which is likely to have an
adverse effect on (i) the ability of the Borrower to perform or comply with any of the
obligations under the Facility or the Standard Terms and Conditions; or (ii) prejudicial to
businesses or financial condition of the Borrower or any obligor who is party to any Transaction
Document.
(X) “Material Terms” with respect to the Facility, means the provisions relating to:-(i) the
payment/repayment obligation (including principal, interest, fees, charges) of the Borrower
under the Facility; (ii) creation/perfection/furnishing of securities in terms of Transaction
Documents; (iii) any credit support (including, without limitation, any guarantee or indemnity)
provided / agreed to be provided in relation to the Facility (iv) any event, the breach of which
is likely to have a Material Adverse Effect; (vi) compliance with financial covenants, security
related covenants and information covenants; (viii) end use of the Facility.
(XI) “Key Fact Statement” or “KFS” or “Most important Terms and Conditions” or “MITC”
shall mean the most important terms of the Facility, including the loan amount, interest rate,
Penal Charges, tenor, repayment schedule and other terms of the Facility. These terms may be
communicated to the Borrower through email / short message services (SMS), web links,
Website or by other means of physical or electronic communication.
(XII) “Penal Charges” means an additional charge payable by the Borrower(s) to ICICI Bank as a
penalty in case of delay or default in payment of principal and/or interest, non-creation of
security and/or breach of any Material Terms of the Facility.
(XIII) “Standard Terms and Conditions” shall mean the terms and conditions set out herein for
the grant of the unsecured Personal Loans and Business Instalment Loans (regular & pre-
approved) as amended/updated from time to time on the Website.
(XIV) “Transaction Documents” include all writings and documents executed or to be executed
by the Borrower or shared by ICICI Bank with the Borrower or any other person in relation to
the Facility (whether entered into digitally or physically), including the Application Form,

V. 1.20240401
 KFS/MITCs, welcome letter (if any), applicable Standard Terms and Conditions on the Website,
as amended from time to time.

In the event of any disagreement or dispute between ICICI Bank and the Borrower regarding the
materiality of any matter including of any event, occurrence, circumstance, change, fact,
information, document, authorisation, proceeding, act, omission, claims, breach, default or
otherwise, the opinion of ICICI Bank as to the materiality of any of the foregoing shall be final and
binding on the Borrower.

3. FACILITY AND DISBURSEMENT

(I) Amount of the Facility: The principal amount of the Loan applied for/availed by the Borrower
shall be the amount specified in the Application Form and as set out in KFS.
(II) Facility Disbursement: Once the Application Form submitted by the Borrower is accepted by
ICICI Bank, the Loan will be disbursed into the Borrower’s designated account. However,
Borrower will have an option to cancel the Facility during the cooling off/look up period
mentioned in the KFS, without any prepayment charges.
(III) Mode of Disbursement: Upon the receipt of the Application Form, the Loan shall be disbursed
in lump sum or in such instalments as ICICI Bank may decide. The term or tenure of the Loan
shall be as specified at the time of applying for the Loan in the Application Form and as
specified in KFS. The Borrower agrees that the approved amount of the Loan shall be
disbursed only to account of the Borrower as specified in the Application Form or MITCs
through cheque /demand draft, National Electronic Funds Transfer (NEFT)/ Real Time Gross
Settlement (RTGS) or such other electronic fund transfer mode as ICICI Bank may deem fit.
Disbursements of the Loan shall 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 from the date of
disbursement, irrespective of time taken for transit, realization or use of amount by the
Borrower.
(IV) Cooling off/Look-up Period: If the Borrower has availed Loan from the Portal/Platform and
disagrees with any of the terms of Facility, the Borrower has an option to cancel the Facility
within the time specified in KFS. Upon exercise of such option, the Borrower shall immediately
repay the Loan amount and the Loan account will accordingly be cancelled. In the event the
Loan amount was credited in any account maintained with ICICI Bank, the Loan amount will be
debited from the said account maintained with ICICI Bank. The Borrower agrees that
processing fee will not be refunded in case of such cancellation. All the rights under the Loan
shall stand extinguished immediately on the cancellation of the Loan and successful
repayment of the Loan.
(V) Cancellation: ICICI Bank has the unconditional right to cancel the outstanding un-drawn
commitments under the Facility at any time without prior notice to the Borrower.

4. RATE OF INTEREST

The Borrower shall be liable to pay interest on the Loan amount at the rate and on the date
specified in the Application Form and as set out in the KFS (“Applicable Interest Rate”). Interest
shall accrue from day to day and be calculated on the basis of the actual number of days elapsed
and a year of 365 days irrespective of leap year. The rate of Interest payable by the Borrower shall
be subject to changes, either upwards or downwards, based on Reserve Bank of India (“RBI”)
guidelines and/or directives, issued from time to time, that ICICI Bank is obliged to 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.

V. 1.20240401
5. PAYMENT, REPAYMENT, FEES AND CHARGES

(I) Repayment: The Borrower shall repay the Loan and the interest payable thereon, to ICICI Bank,
through EMI(s) on the Due Date as is specified in the Application Form and as specified in KFS.
The Borrower acknowledges that EMI(s) includes interest payable on the outstanding Loan
amount for the month in addition to the principal amount repayment. ICICI Bank shall be
entitled to vary/modify the EMI (including increase in the amount of one or more EMI) in the
event of changes to the interest rate on the Loan. For the purpose of payment/repayment of
the EMI, the Borrower shall at all times maintain sufficient balance in their bank account to
ensure that EMIs are received on Due Date by ICICI Bank.

(II) Manner of Repayment:

(a) The Borrower may repay / pay the monies in respect of the Loan through National
Automated Clearing House (NACH) / direct debit from the Borrower’s account with ICICI
Bank (‘direct debit mandate’ or ‘Standing Instructions' (SI)/ Post-Dated Cheques (PDCs)
/deduction from Borrower’s salary / by directly paying amounts when due to ICICI Bank / by
any other method, and as has been selected by the Borrower in the Application Form or as
may be required by ICICI Bank (collectively referred to as “Payment Instructions”).
Additionally, ICICI Bank may also accept payment through NEFT/RTGS and the Borrower can
choose to avail such option when required to make payment towards the Loan account.
(b) The Borrower may, subject to prior approval by ICICI Bank, be permitted to swap/ exchange
the Payment Instructions issued to ICICI Bank with alternate payment Instructions /post-
dated cheques drawn on another bank (as approved by ICICI Bank) subject to payment to
ICICI Bank of the applicable Payment Instruction charges as specified in the Application
Form/KFS.
(c) If the Due Date in respect of any amounts payable in respect of the Facility falls on a day
which is not a Business Day at the place where the payment is to be made, the
immediately preceding Business Day shall be the Due Date for such payment.

(III) Realisation of EMI and Other Applicable Charges by ICICI Bank:

(a) Notwithstanding anything contained in the Transaction Documents, upon any default by the
Borrower in payment of amount on the Due Date pertaining to the Loan or any non-
realization of the amount on the Due Date by ICICI Bank, ICICI Bank shall be entitled,
without prejudice to its other rights under the Transaction Documents, to present and/or re-
present the Payment Instructions or payment instrument/mandates issued by the Borrower
in favour of ICICI Bank in connection with the Loan.
(b) If ICICI Bank faces any difficulty /impediments for any reason whatsoever in presenting /
realizing such payments instructions or if ICICI Bank, in its sole discretion, require the
Borrower to adopt or switch to any alternate mode of payment, the Borrower shall promptly
replace Payment Instructions, without demur or delay and issue fresh Payment Instructions,
mandates in lieu thereof to the satisfaction of ICICI Bank. The mandates given by the
Borrower under any payment mode cannot be cancelled or revoked without the prior
written consent of ICICI Bank. If the Borrower cancels or revokes such mandates without
prior consent of ICICI Bank, then such acts of the Borrower shall be deemed as an Event of
Default and ICICI Bank shall be entitled to initiate appropriate action, including legal
proceedings against the Borrower.
(IV) Notwithstanding the mode of repayment/payment selected by the Borrower in the Application
Form, the Borrower shall continue to remain at all times liable and responsible for ensuring the
payment/repayment of all instalments and all other monies in respect of the Loan to ICICI Bank
on or before the relevant Due Date(s) without any further notice/intimation being given by
ICICI Bank. The acceptance by ICICI Bank of any payment which is less than the full EMI or
other amounts due and owing at such time shall not constitute a waiver of ICICI Bank’s right

V. 1.20240401
 owing at such time shall not constitute a waiver of ICICI Bank’s right to receive payment in full
at such time or at any subsequent time or a waiver of any other rights whatsoever of ICICI
Bank under the Facility.
(V) The Borrower shall pay a one-time up-front non-refundable processing fee and administrative
fee as specified in the Application Form and KFS which fee will be deducted by ICICI Bank at
the time of disbursal of the Loan.
(VI) The Borrower agrees to pay all fees and charges as stipulated in the KFS. The Borrower further
agrees that fees and charges specified in KFS may be revised by ICICI Bank from time to time,
and may be updated on the Website and notified to the Borrower in advance.
(VII) ICICI Bank is irrevocably authorized to debit the savings account of the Borrower maintained
with ICICI Bank for the EMI amount as mentioned in the KFS/MITCs, and credit the relevant
account of ICICI Bank over the entire tenure of the loan with effect from the date of
disbursement of the Loan till the time the entire Facility is repaid. In the event that the savings
account gets closed/transferred for any reason, the Borrower shall intimate ICICI Bank of their
own accord of the new account opened with bank to debit the EMI amounts as per the
Transaction Documents and shall not hold ICICI Bank liable for any charges that may be levied
on account of such change in account not being communicated to ICICI Bank. Further, the
Borrower undertakes to provide the fresh set of debit mandate and post-dated cheques for
such new account, as per the Transaction Documents in lieu of existing instructions.
(VIII)ICICI Bank shall be entitled, at the sole risk and cost of the Borrower/s, to engage one or, more
person(s) to collect the Borrower/s’ Dues and/or to enforce any security if provided by the
Borrower/s, and ICICI Bank may (for such purposes) furnish to such person(s) such information,
facts and figures pertaining to the Borrowers, the security and/or the Product(s) as ICICI Bank
deems fit. ICICI Bank may also delegate to such person(s) the right and authority to perform
and execute all acts, deeds, matters and things connected therewith, or incidental thereto, as
ICICI Bank deems fit.

6. PENAL CHARGES

(I) Without prejudice to ICICI Bank’s rights and remedies under contract and/or law, in the event
any instalment or amount due under the Facility remains unpaid on the Due Date or the
Borrower commits breach of any of the Material Term of the Facility, ICICIBank shall have the
right to levy and recover Penal Charges, at its sole discretion, at the rate specified in the
Application Form and as set out in the KFS. Upon levy of such Penal Charges, the Borrower
shall pay the said Penal Charges along with applicable Goods and Service Tax (GST), other
taxes (of any description whatsoever), charges and penalties which may be payable pursuant
to applicable laws, from time to time, in relation to the Facility.
(II) The Borrower acknowledges and agrees that the Penal Charges are reasonable and
commensurate to non-compliance of Material Terms of the Facility Agreement.

7. PREPAYMENT CHARGES

(I) Subject to payment of prepayment fees/charges as specified in the KFS, the Borrower shall be
entitled to prepay the Loan by giving such advance notice to ICICI Bank as has been set out in
the MITCs. However ICICI Bank shall not be liable to pay interest on account of such
prepayment by the Borrower.
(II) The Borrower agrees to pre-payment charges specified in the KFS. It is hereby clarified that
the Borrower shall not be allowed to pre-pay the Facility in part.

8. PURPOSE

The Borrower agrees that the Facility shall only be utilised for the purpose set out in the
Application Form and for no other purpose. Under no circumstance shall the Facility be used,
directly or indirectly for: (a) subscribing to or purchasing any shares or other securities; or

V. 1.20240401
(b) investment in the real estate business, capital markets or purchase of land; or (c) entering into
any speculative transactions or activities; or (d) carrying out any activities not eligible for credit
facility as per RBI guidelines; or (e) purchasing gold, gold bullion, gold jewellery, gold coins, units
of gold exchange traded funds(ETF) and units of gold, mutual funds etc. or (f) any purpose that will
violate any provisions of applicable law.

9. APPROPRIATION

The Borrower agrees, declare and confirms that notwithstanding any of the provisions of the
applicable laws or any of the terms and conditions contained herein, any payment(s) shall unless
otherwise agreed to by ICICI Bank in writing be appropriated in the following manner:

(a) Firstly, towards costs, charges, expenses and other monies, due and payable to ICICI
Bank;

(b) Secondly, towards interest due and payable and / or accruing due and payable to ICICI
Bank and

(c) Lastly, towards repayment of the amount of any instalment(s) of the principal sums due
and payable or becoming due and payable to ICICI Bank.

In the event the loan account is declared a non-performing asset (NPA), ICICI Bank may
appropriate any payments made by the Borrower in its absolute discretion.

10. TAXES, LEVIES AND DUTIES

(I) The Borrower shall bear and pay all imposts, costs, charges (including legal fees), and
expenses, in any way incurred by ICICI Bank, and bear all stamp duties, registration charges,
other duties, Goods and Service Tax (GST), other taxes (of any description whatsoever),
charges and penalties, including any differential/additional duties and taxes which may be
payable pursuant to applicable laws, from time to time, in relation to the Loan. In the event
that the Borrower fails to pay any money referred above, ICICI Bank will be at liberty (but shall
not be obliged) to pay the same on behalf of the Borrower. The Borrower shall immediately
reimburse all sums paid or expenses incurred by ICICI Bank in accordance with the provisions
contained herein. All such sums shall be debited to the account of the Borrower and shall carry
interest from the date of payment till such reimbursement is made, at the applicable interest
rate as specified the KFS.
(II) 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/withholding of taxes. Provided that, all taxes required by
law to be deducted/withheld by the Borrower from any amounts paid or payable, to ICICI Bank
(including but not limited to the principal, interest, Penal Charges, commission, discount,
service and other charges and any fees, under the Loan shall be paid by the Borrower when
due, and the Borrower shall, within the statutory time frame prescribed under the law or within
30 days of the payment being made, whichever is earlier, deliver to ICICI Bank satisfactory
evidence that the tax has been duly remitted to the appropriate authority and tax deduction
certificates delivered to ICICI Bank.

11. REPRESENTATIONS AND WARRANTIES

The Borrower represents and warrants that:

V. 1.20240401
(I) The Borrower (and/or its authorized signatory/officer) has/have the full capacity, power and
authority including due authorizations or approvals as required by any law or contract or
constitutional documents governing the Borrower) to avail the Loan and to enter into and
perform his/her/its obligations under the Transaction Documents and that the Borrower will, at
all times, keep all such authorisations or approvals valid and subsisting till the amounts due to
ICICI Bank are repaid/paid in full;
(II) The availing of the Loan and/or the performance by the Borrower of its obligations under the
Transaction Documents does not: (i) contravene any applicable law, judgement or decree to
which the Borrower is subjected, (ii) conflict or result in any breach of any of the terms of or
constitute default of any covenants, conditions and stipulations under any existing agreement
to which the Borrower is a party, or (iii) conflict or contravenes any provision of the
memorandum and articles of association or constitutional documents of the Borrower;
(III) All the information and documents, including, income details, financial statement,
constitutional documents, business details, Goods and Services Tax (GST) account number or
Permanent Account Number (PAN), Know Your Customer (KYC) documents which are submitted
physically and/ or uploaded on the Portal are true and accurate;
(IV) In no event shall ICICI Bank be liable to the Borrower for any special, incidental, indirect,
punitive or consequential damages whatsoever (including, without limitation, damages of loss
of goods or services, or any other pecuniary loss) arising out of the use of, or inability to use or
access the Loan, including breach of contract or warranty, negligence or other tortious action,
or any other claim arising out of the Borrower use of or access to the Loan.
(V) There is no Material Adverse Effect;
(VI) The Borrower is solvent and/or has not stopped paying any of his/her/its debts as they fall due;
(VII) The Borrower’s name has not been included in the RBI’s willful defaulters list; and

(VIII) Except to the extent disclosed, (a) no director or senior officer of ICICI Bank is a director,
partner, manager or employee of the Borrower and the Borrower is in compliance with all
applicable laws including RBI’s ‘Master Circular on Loans and Advances’ as amended from
time to time; (b) no director or senior officer of ICICI Bank is a guarantor for the Borrower, and
(c) the Borrower is not a relative of a chairman, managing director or director of banking
company (including ICICI Bank) or of any subsidiaries or trustees of mutual funds/venture
capital funds set up by a banking company (including ICICI Bank) or a relative of a senior
officer of ICICI Bank. The terms used herein including ‘senior officer’ or ‘relative’ shall have the
meaning ascribed to them by RBI in its master circular.

12. COVENANTS

(I) The Borrower shall promptly:

(a) Observe and perform all its obligations and covenants under the Transaction
Documents, including the payment/re-payment of the Borrower’s Dues on each relevant
Due Date.
(b) Notify ICICI Bank of the occurrence of any event or the existence of any circumstances,
which results in any of the statements set out in the Transaction Documents becoming
untrue or incorrect in any respect.
(c) Deliver to ICICI Bank such information and records including of any business, operations
and assets as may be required by ICICI Bank from time to time in relation to the Loan
and within the period specified by ICICI Bank. In the event of any change in KYC details,
the Borrower shall inform and submit updated documents (i.e., address, contact details,
profile etc.) to ICICI Bank within 30 days from the date the change was made.
(d) Notify ICICI Bank of any action or steps taken or any insolvency or bankruptcy
proceedings started against the Borrower including but not limited to the appointment
of a receiver, administrator, liquidator, trustee or resolution professional in relation to
the Borrower or the assets of the Borrower.

V. 1.20240401
 (e) Notify ICICI Bank of any litigation, arbitration, administrative or other proceedings
initiated or threatened against the Borrower or his/her/its assets.
(f) Notify ICICI Bank of occurrence of an Event of Default or any circumstances and
conditions which have or may have a Material Adverse Effect.
(g) Notify ICICI Bank in writing with full details of changes in the address of any of the
Borrower office, or place of business, residence, employment, profession or
employment status.
(h) Do all such things and execute all such writings as ICICI Bank may require from time to
time for duly or more perfectly securing the repayment of the Loan.
(i) In the Event of Default (if required by ICICI Bank), the Borrower agrees and undertakes
to provide and furnish to ICICI Bank to their satisfaction, such security as required to
secure ICICI Bank; failure of the Borrower to do so shall be termed as an Event of
Default.

(II) A Borrower that is constituted as a commercial or business entity (including as a company,

one-person company, partnership firm, trust, limited liability partnership firm) shall
promptly:
(a) Notify ICICI Bank in writing, with full details, with respect to any material change in the
management of the business of the Borrower or any change taking place in the
ownership or control of the Borrower whereby the effective beneficial ownership or
control of the Borrower will change.
(b) Deliver to ICICI Bank, in form and manner satisfactory to ICICI Bank: (i) audited
accounts within such reasonable time from the close of the financial year as may be
permitted by ICICI Bank; (ii) such other statement or statements or information
pertaining to the operations or business of the Borrower as ICICI Bank may require in
the context of the said Loan; and (iii) All notices or other documents issued by the
Borrower to its creditors.

(c) The Borrower covenants and undertakes that so long as the amounts due under the
Loan are outstanding and until the full and final payment of all money due thereunder,
it shall not without the prior consent of ICICI Bank (which shall not be unreasonably
withheld): (i) change or alter its capital structure; (ii) effect any merger, demerger,
amalgamation, corporate reconstruction or compromise with its creditors of
shareholders; (iii) change its constitutional documents in a manner adversely affecting
ICICI Bank and /or the Borrower’s performance under the 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 approval of ICICI Bank, the Borrower shall not: (i) declare dividend
or distribute profits; (ii) make any investment in any concern or provide any credit or
give any guarantee, indemnity or similar assurance in connection with the 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 any additional/ new credit facility or
accommodation from any bank(s) or financial institution(s); (vi) pay any commission to
its promoters, directors, managers or other persons for furnishing guarantees, counter
guarantees or indemnities; vii) pay any compensation to its promoters or directors in
the event of loss of office for any reason whatsoever.

13. EVENTS OF DEFAULT

(I) The following acts, as set out below, shall each constitute an “Event of Default” by the
Borrower of the Facility and /or Standard Terms and Conditions:

V. 1.20240401
 (a) Default has occurred in the payment of any monies (whether for principal or interest or
otherwise), in respect of the Loan on the Due Dates, whether at stated maturity, by
acceleration or otherwise;
(b) The Borrower defaults in the performance of any of the terms of the Loan and/ or
Transaction Documents;
(c) Any information, representation, warranty, declaration or confirmation under the the
Standard Terms and Conditions or any information provided to ICICI Bank has been
found to be false, incomplete, misleading or fraudulent;
(d) The Borrower is unable or has admitted in writing its inability to pay any of its
Indebtedness as they mature or when due;
(e) The Borrower has, or might, become the subject of proceedings under any bankruptcy
or insolvency law; or becomes bankrupt or insolvent; or has taken any action for
insolvency or bankruptcy; or an administrator, trustee, bankruptcy trustee or resolution
professional in relation to the Borrower or the assets of the Borrower; or any of the
assets of the Borrower have been attached for the recovery of any dues from the
Borrower; or any judgement or decree has been rendered against the Borrower;
(f) It has become unlawful for the Borrower or ICICI Bank to perform any of their respective
obligations under the Loan and / or the Standard Terms and Conditions;
(g) The Borrower is likely to be unable repay the Loan or any monies under the Loan and/ or
Standard Terms and Conditions or any part thereof as they mature or when they
become due;
(h) The Borrower has defaulted under any other agreement relating to any Indebtedness of
the Borrower or any other lenders to the Borrower have recalled their loans or any part
thereof;
(i) There has occurred, in the sole opinion of ICICI Bank, a Material Adverse Effect; or
(j) The demise of any Borrower;
(k) The Borrower compounds with her/its creditors or permits any attachment or
sequestrations or other processes against any of her/its assets or properties.
(II) The decision of ICICI Bank as to whether or not an Event of Default has occurred shall be
final and binding upon the Borrower.

(III) The Borrower hereby confirms that he/she has fully understood and acknowledges the
consequences of an Event of Default, as well as ICICI Bank’s rights and remedies thereupon,
as set out under the Transaction Documents.
(IV) Promptly upon becoming aware of the existence of an Event of Default, the Borrower shall
notify ICICI Bank in writing thereof and shall inform ICICI Bank of the steps, if any, being
taken to remedy it. In such event, ICICI Bank may, by a notice in writing to the Borrower and
without prejudice to any other rights and remedies available to it, call upon the Borrower to
pay the Borrower’s Dues.
(V) Upon the occurrence of the Event of Default and at any time thereafter, if any such event
shall be continuing, ICICI Bank may, in its sole discretion:
(a) declare that the principal and all accrued interest on the Loan and all amounts under
the Facility and/ or Transaction Documents have become payable forthwith by the
Borrower to ICICI Bank and upon such declaration the same shall become due and
payable forthwith;
(b) exercise such other rights and remedies as may be available to ICICI Bank under law
including by suit, in equity or by action at law, or both , or otherwise; and/or
(c) stipulate such other condition or take such other action as ICICI Bank deems fit.

14.PUBLICATION OF DEFAULT

(I) In the event of a default by the Borrower of any of the terms of the Transaction Documents,

V. 1.20240401
 ICICI Bank and the RBI (or any agency approved or authorised by RBI or other governmental
authority) will have the right to disclose and publish the details of such default along with the
name of the Borrower as defaulters in such manner and through such media as ICICI Bank
and/or the RBI (or any agency approved or authorised by RBI or other governmental authority)
may, in their absolute discretion, think fit.
(II) In the event that the Borrower chooses to use internet banking, e-commerce, mobile/phone
banking facilities of ICICI Bank, such usage shall be subject to the privacy commitment
displayed on the Website and all terms and conditions, as amended from time to time,
available on the platform governing the same.

15. LIEN AND SET-OFF

(I) Without prejudice to any rights of ICICI Bank, ICICI Bank shall have a paramount lien and right
of set-off against all monies of the Borrower standing to the credit of the Borrower in any
account(s) ( including fixed deposit) of the 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 the
account(s) of the Borrower with ICICI Bank or to apply any credit balance to which the
Borrower is entitled on any account of the Borrower with ICICI Bank in satisfaction of any sum,
whether for principal or interest or otherwise due and payable by the Borrower to ICICI Bank
under the Loan and/ or Standard Terms and Conditions.
(II) Nothing herein contained shall prejudice or adversely affect any general or special lien or right
to set-off to which ICICI Bank is or may by law or otherwise be entitled or any rights or
remedies of ICICI Bank including in respect of any present or future security, guarantee,
obligations of the Borrower.
(III) The Borrower further agrees that in addition to and without prejudice to any other right or lien
enjoyed by ICICI Bank, ICICI Bank will further be entitled at any point of time and without
notice to the Borrower to combine or consolidate all or any of the Borrower’s accounts
(including any fixed deposits) held with ICICI Bank and all the credits and liabilities therein and
set off or transfer any sum standing to the credit of any one or more of such accounts in or
towards satisfaction of any of the Borrower’s liabilities to ICICI Bank on any account
whatsoever, whether such liabilities are actual or contingent, primary or collateral and
whether joint or several.

16. DEATH OR INSOLVENCY

The Borrower’s Dues shall not be revoked, cancelled or otherwise affected by the death or
insolvency or bankruptcy of the Borrower and, so long as the whole or any part of the Borrower
Dues remains payable to bank, ICICI Bank shall be entitled to act upon and enforce all of its rights
pursuant to, and in accordance with, the Standard Terms and Conditions against the estate or
assets of the Borrower.

17. DISCLOSURE OF INFORMATION

(I) The Borrower agrees and accepts for the disclosure by ICICI Bank of all or any information and
data relating to the Borrower, the Loan, the Borrowers account, and the Transaction
Documents (including but not limited to information relating to default, if any, committed by
the Borrower, in the discharge of the Borrower’s obligations) as ICICI Bank may deem
appropriate to the RBI and/or to the Credit Information Bureau (India) Limited and/or to any
other agency authorized in this behalf by RBI, to its professional advisers or consultants and to
its service providers, third party or otherwise, instructed by ICICI Bank in relation to the Loan

V. 1.20240401
 or Transaction Documents, and/or as required under law or any applicable regulation, at the
order of a court of law, or at the request or order of any statutory, regulatory or supervisory
authority with whom it customarily complies.
(II) The Borrower declares that the information furnished and to be furnished to ICICI Bank are and
shall be true and correct.
(III) The Borrower:
(a) accepts that RBI or the Credit Information Bureau (India) Limited 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
(b) shall not hold ICICI Bank at all responsible or liable in this regard.
(IV) ICICI Bank shall, as it may deem appropriate and necessary, be entitled to disclose all or any:
(i) information and data relating to the Borrower; (ii) information or data relating to the Facility,
its terms, Transaction Documents; (iii) obligations assumed / to be assumed by the Borrower/s
in relation to the Facility under the Transaction Documents; (iv) default, if any, committed by
the Borrower/s in discharge of the aforesaid obligations, to Credit Information Companies
(”CICs”) and any other agency authorized in this behalf by the RBI. CICs and / or any other
agency so authorised may use and/or process the aforesaid information and data disclosed by
ICICI Bank in any manner as deemed fit by them. CICs and/or any other agency so authorize
may furnish for consideration, the processed information and data or products thereof
prepared by them, to ICICI Bank/ financial institutions and other credit grantors or registered
users, as may be specified by ICICI Bank in this behalf. All information and data furnished by
the Borrowers to ICICI Bank from time to time shall be true and correct.

18. SERVICE PROVIDER

It is agreed by the Borrower, that without prejudice to any rights of ICICI Bank, all acts / steps as
are necessary for ICICI Bank to take in order to monitor the Loan and its utilisation and/or the
obligations of the Borrower and /or the Borrower’s compliance with the terms hereof and / or to
recover amounts due to ICICI Bank or any part or portion thereof, shall and/or may be carried out
by and / or through such other person (including a company or body corporate) as may from time
to time be appointed by ICICI Bank in respect thereof and that ICICI Bank will at all times be
entitled to share with any such other person that may thus be appointed by ICICI Bank, all
documents statements of accounts and other information of whatsoever nature pertaining to the
Borrower and/or the Loan. Further, the Borrower expressly recognises and accepts that ICICI Bank
shall, without prejudice to its rights to perform such activities either itself or through its officers or
servants, be absolutely entitled and have full power and authority to appoint one or more third
parties of ICICI Bank’s choice and to transfer or delegate to such third parties the right and
authority to collect on behalf of ICICI Bank all unpaid amounts and to perform and execute all Ver.
1.0 18th March 2024acts, deeds, matters and things connected therewith or incidental thereto
including attending the office or residence of the Borrower, receiving the amounts due, and
generally performing all lawful acts as the third party may consider appropriate for such purposes.

19. INDEMNITY

(I) The Borrower shall indemnify ICICI Bank from and against any and all expenses, loss, damage
or liability which it may incur in connection with the Loan and/ or the Standard Terms and
Conditions or the transactions contemplated by the Standard Terms and Conditions and/or for
the recovery of the Borrower’s Dues (including as a consequence of the occurrence of any
Event of Default). Such indemnity shall extend to any interest, fees, premium, costs, charges
or expenses or any other sums paid or payable in relation to the Loan or its recovery.
(II) The Borrower further agrees to indemnify and keep indemnified ICICI Bank from and against
any and all claims, damages, costs, losses, expenses, suits, proceedings, actions or liabilities,

V. 1.20240401
 whatsoever arising in connection with or relating to any communication sent/received by ICICI
Bank by electronic means such as email, facsimile, text messaging or the Website or through
its mobile phone-based application or via the Portal/Platform.

20. MISCELLANEOUS

(I) Assignment and Risk Participation:

(a) The Borrower shall not assign or transfer all or any of its rights, benefits or obligations
under the Unsecured Loan and the Standard Terms and Conditions. ICICI Bank shall be
free to assign, transfer, novate, securitise the Loan and/or any of its rights and
obligations under the Unsecured Loan and these Standard Terms and Conditions without
the consent of or notice to the Borrower, and the Borrower agrees to execute any
document or provide any confirmation in any form manner or substance that ICICI Bank
may require to give effect to such assignment, transfer or novation.
(b) 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 participation. Notwithstanding such
participation, all rights, title, interests, special status and other benefits and privileges
enjoyed or held by ICICI Bank under the Transaction Documents shall remain valid,
effective and enforceable by ICICI Bank as per the Transaction Documents. The
Borrower/s shall continue to discharge their obligations under the Transaction
Documents to ICICI Bank. The Borrower/s shall not have and claim privity of contract
with such person on account of any reason whatsoever.
(II) Notices: All notices or other communications under the Standard Terms and Conditions shall be
given in writing and, unless otherwise stated, may be sent by email, in-app messages,
SMS/text messaging, WhatsApp messaging services, ordinary post, speed post or courier. Any
such notice or other communication will be deemed to be effective: (i) if delivered in person,
at the time of such delivery; (ii) if dispatched by post or courier, when recall of the letter is
outside the control of the sender; (iii) if sent by email, when such email enters the sent items
folders; and (iv) if sent by in-app messages/SMS/text messaging/WhatsApp messaging
services, when have been sent irrespective of any telecom service provider delay. No notice or
communication to ICICI Bank shall be effective unless actually received and acknowledged by
Bank. Notices or communication made to: the Borrower postal address or email address or
mobile number, as specified in the MITC, and shall be deemed to be proper and sufficient
service irrespective of whether or not such notice shall be returned “unserved”, unless the
Borrower has duly notified ICICI Bank in writing of any changes to the address, email or mobile
number. The Borrower agrees to assume the entire risk of non-delivery by reason of any
electronic error, telecom service provider error or otherwise.
(III) Severability: Any provision of the Standard Terms and Conditions which are prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
the prohibition or unenforceability but that shall not invalidate the remaining provisions of the
Standard Terms and Conditions or affect such provision in any other jurisdiction.
(IV) Waiver: No delay in exercising or omission to exercise any right, power or remedy accruing to
ICICI Bank under the Terms and Conditions shall impair any such right, power or remedy or
shall be construed to be a waiver or acquiescence thereof. The rights of ICICI Bank under the
Standard Terms and Conditions are cumulative and not exclusive of their rights under general
law and may be waived only in writing and specifically and at ICICI Bank sole discretion.
(V) Amendment: ICICI Bank has the absolute discretion to amend or supplement any of the
Standard Terms and Conditions at any time (including if arising or occasioned by any change
in RBI guidelines or directives from time to time) and will endeavor to give a prior notice of 15
Business Days by email or by notice on its Website or via its mobile-based application
wherever feasible. Such amendments will apply to and be binding on the Borrower in terms of
such amendments/supplements.

V. 1.20240401
(VI) Joint and Several Liability: The Borrower’s liability for repayment of the Borrower’s Dues shall,
in cases where more than one Borrower have jointly applied for the Facility, be joint and
several. If the Borrower is an individual doing business as a sole proprietary concern, the
Borrower shall be solely responsible for the liabilities of the aforesaid concern and will be
personally liable for making repayment / payments of all amounts in respect of the Facility to
ICICI Bank.
(VII) Governing Law and Dispute Resolution: The Standard Terms and Conditions shall be governed
by and in accordance with the laws of India.
Any claim or dispute whatsoever (whether in contract, tort or otherwise) arising out of or in
connection under the terms of facility, including any question regarding its construction,
meaning, existence, validity, breach, recall, recovery or termination, shall be resolved and
settled by mediation or conciliation (if the Borrower and ICICI Bank agree to such mediation or
conciliation), administered in accordance with the applicable mediation or conciliation rules of
an independent online dispute resolution institution listed on the Website (“ODR
Institutions”). Any party may appoint any listed ODR Institutions to facilitate mediation or
conciliation. If one Party appoints an ODR institution before the other, the ODR institution
appointed by the first Party shall be binding on other party. If the Borrower and ICICI Bank do
not agree to mediation or conciliation, or if the mediation or conciliation fails to resolve the
claim or dispute within the period stipulated in such rules or within a period of 21 days from
the date of notice of appointment of mediator or conciliator (whichever is earlier), then the
claim or dispute shall be taken forward for adjudication by arbitration in terms of the
applicable rules of said ODR Institution, and in accordance with the Arbitration and Conciliation
Act, 1996, which shall be conducted (including for recording of evidence or tendering of
documents), concluded and administered online by ODR Institution through its
website/platform or mobile application. The arbitral tribunal shall consist of an independent
sole arbitrator appointed in accordance with the applicable arbitration rules of the ODR
Institution. The seat of arbitration proceedings shall be Mumbai. The law governing the
arbitration proceedings shall be Indian law. The procedural law of arbitration shall be rules of
ODR Institution.
(VIII)Grievance Redressal Mechanism: ICICI Bank follows a three level grievance redressal
mechanism that is available on the website of the Bank. For details, please visit our website
www.icicibank.com and navigate to - Home > Contact Us > Queries/Complaints.

V. 1.20240401
 DIGITAL CONSENT CLAUSE

1. Consent for Disclosure of Information

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

a) Agents of ICICI Bank in any jurisdiction;

b) Auditors, credit rating agencies/credit bureaus, statutory/regulatory authorities,
governmental/administrative authorities, Central Know Your Customer (C-KYC) registry or SEBI
Know Your Client registration agency, having jurisdiction over ICICI Bank;
c) Service providers, professional advisors, consultants or such person with whom ICICI Bank
contracts or proposes to contract; Bank;

(Collectively referred to as “Permitted Persons”)

For the purpose of:

a) Provision of the facility, completion of on-boarding formalities and servicing; or
b) Complying with KYC /customer due diligence requirements, anti-money laundering checks; or
c) Compliance with applicable laws or any order (judicial or otherwise), statutory/regulatory/legal
requirement, including disclosure to information utilities; or
d) Credit review of facilities availed; or
e) Authentication or verification; or
f) Research or analysis, credit reporting & scoring, risk management, participation in any service-
related communication; or
g) Electronic clearing network and for use or processing of the said information/data; or
h) Disclosing any default in payment; or
i) Recovering the credit facilities including all interest and other charges.

2. Consent for Camera/Microphone Access

I/We hereby authorize ICICI Bank to get a one-time access to my/our device's camera and microphone for
the purposes of on-boarding and KYC verification which is required to be conducted to enable ICICI Bank
to provide the credit facilities sought by me/us. Applicable for NTB or non-KYC compliant customer. Since
this is a one-time consent, access should be disabled once on-boarding/KYC is completed.

3. Consent to ICICI Bank’s Privacy Commitment

I/We confirm having read and understood ICICI Bank’s ‘Privacy Commitment’ available at
https://www.icicibank.com/privacy. I/We acknowledge that the same shall be subject to changes by ICICI
Bank from time to time at its sole discretion and I/we agree to keep myself/ourselves updated with the
same.
ADDITIONAL TERMS AND CONDITIONS

18:49:52 23/10/2024

I hereby declare that I am currently residing in India and consent to receive and authorize the Bank and
its affiliates/ group companies to reach me/send any communication pertaining to my Account / Card /
Loan / Investment and related services/facilities/special offers, or any other relationship held by me with
the Bank, or in relation to various products, offers and services provided by ICICI Bank /its group
companies, through registered e-mail, phone, SMS, WhatsApp messaging, or any other electronic mode
or other messaging or social media platforms. ICICI Bank will be sending One Time Pin (OTP) on the
abovementioned mobile number. This consent will override any registration for DND/DNC registered
with ICICI Bank with respect to Account / Card / Loan / Investment / any other relationship with ICICI
Bank and any other services/facilities/offers offered by ICICI Bank. I understand and agree that the
email provider /WhatsApp or any other service provider can review/monitor the contents
shared/communicated through email provider/WhatsApp or other service provider. I understand that
such electronic mode of communication(s) are subject to the terms and conditions of the respective
service provider and agree to comply with the terms of use of email/ WhatsApp, SMS, or any other
electronic mode, as applicable and updated/modified by the service provider from time to time. In
compliance with the rule 9B of the Prevention of Money Laundering (Maintenance of Records) Rules, you
are required to intimate us if there is any change in your KYC details along with updated documents (i.e.
address, contact details, profile, etc.) within a period of 30 days from the date the change was made.
Once you intimate us, we will make necessary changes in our records. Any update can be intimated to
the Bank through RIB/ iMobile/ Branch.
For the purpose of credit underwriting and bank record storage, I hereby consent to and authorize ICICI
Bank to make inquiries with third parties including NSDL, Credit Bureaus, Karza (for employment
verification checks from EPFO), Perfios (for salary and other financial analysis), and others. I also
authorize ICICI Bank to conduct the necessary checks using Bank's internal and external data sources.

18:50:20 23/10/2024

a. I/ We hereby provide my/ our voluntary consent to ICICI Bank to use the Aadhaar details provided by
me/ us for authentication and agree to the terms and conditions related to Aadhaar consent and
updation.

b. I/We have been provided various options by ICICI Bank for establishing my/our identity/address proof
for opening the bank / loan account and have voluntarily submitted my Aadhaar to ICICI Bank and
hereby give my/ our consent to ICICI Bank :(i) to establish my/our identity / address proof by Aadhaar
based authentication system or verify the genuineness of the Aadhaar through Quick Response (QR)
code or through such other manner as set out by UIDAI or any other law from time to time;(ii) to share
my/our Aadhaar detail with UIDAI, NPCI, National Housing Board (NHB), concerned regulatory or
statutory authorities as may be required under applicable laws.

c. I/We hereby agree with the below terms pertaining to Aadhaar based authentication /verification:I/We
have been informed that:

(a) upon authentication, UIDAI may share with ICICI Bank information in nature of my /our demographic
information including photograph which ICICI Bank may use as an identity/address proof for the purpose
of account opening and updation of KYC in existing liability account/s with ICICI bank.

(b) my/our Aadhaar details (including my demographic information) shared by UIDAI will not be used for
any purpose other than the purpose mentioned above or as per requirements of law.

(c) my/our biometric information will not be stored by ICICI Bank.

Are you a director/ relative of a director of ICICI Bank or any other bank or are you a senior officer/
relative of a senior officer at ICICI Bank?

YES NO

I have read and I agree to the KFS, Agreement Documents, T&C and the Consent Clause.

YES NO

I hereby expressly ackowledge that I have been informed about the laon amount, tenure, applicable
interest and other terms of the said loan.I hereby affix my signature / provide my consent in acceptance
of the same.

YES NO

I am Tax Resident of only India (This information is required to be collected as per The Income Tax Act,
1961 to comply with FATCA and CRS regulations. We will continue to report the above information 'As Is'
till we receive any change request from you)

VIDEO KYC TERMS AND CONDITIONS (Applicable only if customer initiates Video KYC)

These terms and conditions for Video KYC process (“Terms”) apply to and regulate the operation of
Video KYC process offered by ICICI Bank Limited (“ICICI Bank/Bank”) in India and govern the general
relationship between the Customer (defined below) and the ICICI Bank, having its registered office at:
ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara 390007, India. These terms shall be in
addition to any other terms as stipulated by ICICI Bank from time to time on its website (defined below)
whether pertaining to the Product/Facility (defined below) or in relation to other services or offers
provided by ICICI Bank.

Further, in case of inconsistency between the Terms and any specific term and condition pertaining to a
specific Product/Facility, the specific term and condition of that particular Product/Facility shall prevail.

1. Definitions:

1.1 In these Terms applicable to the Video based KYC process the following words and phrases shall
have the meaning stated hereunder unless indicated otherwise:
i. “Customer” shall mean a Resident Indian individual applicant who applies for any Product/Facility
(defined below) with ICICI Bank subject to such Product/Facility specific terms and conditions as may be
specified by ICICI Bank from time to time.
ii. “KYC” shall mean the ‘Know Your Customer’ process to be completed by ICICI Bank as per extant
regulations.
iii. “Product”/”Facility” shall mean any ICICI Bank product or facility that the Customer has
applied/requested for and in respect of which the Customer has consented to complete the KYC through
the Video KYC process.
iv. “Video KYC process” shall mean the process of KYC verification conducted through a video call
feature supported by ICICI Bank in line with extant regulations and ICICI Bank policy.
v. “Primary Terms and Conditions” shall mean the terms applicable to the Product/Facility being availed
by the Customer.
vi. “Website” shall mean ICICI Bank’s website www.icicibank.com .

2. Interpretation:

i. All references to singular include plural and vice versa and the word "includes" should be construed as
"without limitation".
ii. Words importing any gender include the other gender.
iii. Reference to any statute, ordinance or other law includes all regulations and other instruments and
all consolidations, amendments, re-enactments or replacements for the time being in force.
iv. All headings, bold typing and italics (if any) have been inserted for convenience of reference only and
do not define limit or affect the meaning or interpretation of these Terms and Conditions.
v. Reference to any “law or legislation, regulation, rule” shall mean, applicable, constitution, statute,
law, rule, regulation, ordinance, judgement, order, decree, authorisation, or any published directive,
guideline, notice, requirement or governmental restriction, having the force of law in any jurisdiction
and include laws as amended from time to time.

3. Applicability of the Terms:

3.1. These Terms and primary Terms and Conditions form the express contract between the Customer
and ICICI Bank. The Customer shall apply to ICICI Bank in the prescribed form for the Product/Facility. By
applying, the Customer acknowledges that he has read, understood and accepted these Terms and the
primary Terms and Conditions as applicable.

4. General Terms for Video KYC process:

4.1. Requirements for availing of Video KYC feature:

i. Video KYC process is available only for Customers who are physically present in India and if the same
can be confirmed through their live location through geo- tagging.
ii. The Video KYC process is available and accessible to Customers throughout the year irrespective of
ICICI Bank’s working hours or holidays i.e. 24*7 and 365 days a year.
iii. Video KYC process shall work only in good network/internet conditions and
iv. Customer should possess requisite documents and materials as informed on the journey page at the
time of the Video KYC process to avoid any inconvenience.
4.2 On opting for Video KYC process, a two-way video call will be initiated between the Customer and
ICICI Bank official to start the Video KYC process.
4.3 As a part of Video KYC process, the Customer shall be required to verify their identity by answering
certain questions asked by ICICI Bank officials through a video call. By proceeding with the video call,
the Customer accepts the Terms herein.
4.4 The Customer shall be required to co-operate with ICICI Bank officials in every manner and provide
all such relevant information/data/documents including but not limited to allowing ICICI Bank officials to
capture their photographs, photographs/screenshots of various documents (including but not limited to
Officially Valid Documents (“OVD”), PAN, etc.), screenshot of the Customer’s signature on a plain paper
as submitted by the Customer during Video KYC process as and when requested by ICICI Bank officials.
The Customer agrees and consents to co-operate and provide all such relevant data/documents, etc. for
the purpose of Video KYC process.
4.4 The Customer authorises ICICI Bank to collect/store/verify any and all information/details received
through the Video KYC process including but not limited to the video call itself, information received
from documents/information captured/shared through the video call.
4.5 In case the documents shown and verified by ICICI Bank officials over a video call do not comply
with the ICICI Bank policy and/or relevant guidelines due to any reason whatsoever, the application
request shall be rejected and it will be converted to the offline KYC mode. Customers need to follow the
offline KYC process to complete their KYC verification process in such case for completion of the
Product/Facility application request.
4.6 The Customer agrees and understands that the image of the signature crop provided by the
Customer shall be updated in ICICI Bank records as the Customer’s specimen signature.
4.7 Customers who have opted for Video KYC process for the Product/Facility application agree that their
request is subject to verification and may be rejected by the Bank for various reasons including, but not
limited to:
i. Call drop due to network/internet issues at the Customer’s or ICICI Bank’s end; or
ii. Documents matching criteria is not fulfilled or
iii. Bank official is unable to capture the screenshot of Customer’s photo or any document or
iv. Customer is not ready to co-operate with Bank officials or
v. Signature process is incomplete or
vi. Location outside India, face mis-match, poor quality uploaded documents or
vii. For any other reason at the discretion of ICICI Bank.
In case of such rejection, Customers need to follow the offline KYC process to complete their KYC
verification process for completion of the Product/Facility application request.
4.8 The Customer understands that the Video KYC process is subject to the availability of ICICI Bank
officials to conduct such Video KYC, and technical stipulations including but not limited to those arising
due to any delay, interruption, suspension, resolution or error of ICICI Bank in receiving and processing
the request and in formulating and returning responses or any failure, delay, interruption, suspension,
restriction, or error in transmission of any information or request to and from the telecommunication
equipment of the Customer and the network of any internet service provider and ICICI Bank's system or
any breakdown, interruption, suspension or failure of the telecommunication equipment of the
Customer, or ICICI Bank's system or the network of any internet service provider and/or any third party
who provides such services as is necessary to provide the Video KYC process.

5. Acceptance of Terms and Conditions:

5.1 By accepting these terms and conditions in the digital journey of the Video KYC process, the
Customer shall be deemed to have accorded his approval/consent to (i) complete the KYC verification
for the Product/Facility application through Video KYC process (ii) the consents, authorisations,
declarations and undertakings, etc. mentioned therein.

6. Miscellaneous:

6.1 Customer agrees that all costs incurred at the Customer’s end (technical/data plan related or
otherwise) for completing the Video KYC process shall be borne by the Customer solely.
6.2 The Customer agrees that ICICI Bank shall not be liable for any connectivity/signal/data related
issues leading to incomplete information/application being provided by the Customer.
6.3 In case the Video based KYC process is not completed/submitted for any reason whatsoever, ICICI
Bank may contact the Customer for completing offline KYC.
6.4 Customer hereby agrees to indemnify, defend and hold harmless ICICI Bank from and against any
and all liability, loss that may occur, arise from reliance by ICICI Bank on the information, declarations,
documents, images and undertakings, etc. provided by the Customer (on account of them being
fake/incorrect/erroneous), the usage of online/offline mode for the Product/Facility application including
the details provided basis this Video KYC process or breach, non-performance or inadequate
performance by the Customer of any of these Terms, Primary Terms and Conditions or the acts, errors,
representations, misrepresentations, misconduct or negligence of the Customer in performance of its
obligations.
6.5 In case of any inconsistency/inaccuracy/non-completion of any formalities in the Video KYC process
or for any other reason whatsoever, ICICI Bank may contact the Customer for offline completion of KYC.
The Customer agrees and confirms that ICICI Bank shall at its sole discretion reject the Product/Facility
application for any reason whatsoever including but not limited reasons attributable to erroneous,
incomplete, misleading information or non- adherence with the relevant norms/non submission of KYC
documents to ICICI Bank or upon any notice/directions received from any other regulatory body.
6.6 The Bank reserves the right, at any time and from time to time, with or without notice, to cancel,
withdraw, suspend, vary, change, add to or supplement the Video KYC process and facilities offered to
Customers hereunder.
7. Change of Terms:

7.1 ICICI Bank shall have the absolute discretion to amend or supplement any of these Terms at any
time. ICICI Bank may communicate the amended Terms by hosting the same on the Website or in any
other manner as decided by ICICI Bank.

8. Limitation of Liability

8.1 Neither ICICI Bank nor its employees shall be responsible or liable in any way for any direct or
consequential loss suffered by the Customer or any third party or towards any claims that may arise
due to the rejections of the Product/Facility application due to the Video KYC process availed by the
Customer.
8.2 ICICI Bank shall not be liable for any failure to perform any obligation contained in these Terms or for
any loss or damage whatsoever suffered or incurred by the Customer or a third party howsoever caused
and whether such loss or damage is attributable (directly or indirectly) to any dispute or any other
matter or circumstances whatsoever.
8.3 Under no circumstances shall the Bank be liable to the Customer or a third party for any indirect,
incidental, consequential, special or exemplary loss or damages in connection with the Video KYC
process.

9. Force Majeure:

9.1 ICICI Bank shall not be liable for any losses caused by its inability or delay in providing the Video KYC
process or fulfilling any of ICICI Bank’s obligations hereunder, either wholly or in part, caused by or in
connection with any force majeure events including, but not limited to, restrictions on convertibility,
transferability, requisitions, hacking, involuntary transfers, riot, disturbance, strikes, lock-outs, bandhs,
war, civil strife, burglary, theft, dacoit, accident, hacking, technical fault including problems related to
computers, accessories, software, printers, fax machines, internet, telephone system and such related
hardware and software beyond the control of ICICI Bank, breach of trust by any authorised persons,
flood, epidemic/pandemic, fire, earthquake, act of God, act of any Government, change in regulation or
law and other allied acts of regulatory or statutory nature or if the performance of such obligation or
provision of such service would result in the breach of any law, regulation or other requirement of any
governmental or other authority or on account of any other restriction or requisition or other
circumstances or events whatsoever beyond the control of the Bank and the Bank shall not be obliged
to provide any service or facility or perform any of its obligations hereunder during the period while the
Bank’s performance is affected by force majeure conditions. The Bank shall not be responsible for any
loss or damage caused to the Customer by reason of any failure to comply with the Customer
instructions, when such failure is caused due to reasons beyond the control of the Bank, the opinion of
the Bank being final in this regard.

10. Governing Law:

10.1 The laws of India shall govern these Terms. The Customer hereby agrees that any legal action or
proceedings arising out of the Terms shall be brought in the courts or tribunals at Mumbai in India and
irrevocably submit themselves to the jurisdiction of such courts and tribunals. ICICI Bank may, however,
in its absolute discretion, commence any legal action or proceedings arising out of the Terms in any
other court, tribunal or other appropriate forum, and the Customer hereby consents to that jurisdiction.

Customer Details :

Name: PURUSHOTTAM KUMAR

IP Address: 27.122.61.197

Time Stamp: 23-10-2024 18:50:46