1. Disbursement shall be into the account specified by the institutes/Merchant/School (as applicable). The Borrower also hearby expressly authorizes the Lender to disburse/route the said disbursement through nodal account and/or the third party account (i.e. directly to the accounts of the institute/s and/or Merchant/s and/or school/s.
2. The Loan(s) may be disbursed in 1 (one) or more installments or tranches, in accordance with the Lender’s policy and sanctioned terms. Accordingly, the Lender may allocate one or more Loan Account Numbers for every tranche for better administration of Loans in accordance with its terms. Notwithstanding anything mentioned elsewhere, the Loans shall be governed by the said loan documents and/or Facility documents.
3. The arrangement/tie-up of the Institute/Channel Partner with the Lender may require drawdown/disbursement of the Loan amount in tranches which otherwise becomes payable upfront in its entirety by the Borrower in absence of such arrangement/tie-ups. As such, for the Borrower the date of first tranche disbursement of the Loan by the Lender shall be deemed to be the date of disbursement of the entire sanctioned Loan amount, since the Loan amounts are kept available for drawdown, irrespective of its utilization.
4. While the interest cost in the ordinary course for the Loan shall be at the rate equivalent to the ceiling rate (presently at 30%p.a.); in consideration that ROI will be calculated on the total sanctioned Loan amount despite credit of funds in tranches to the institute, the Lender has agreed with sanctioning Loan on the sanctioned terms. Ceiling rate means the maximum rate of the ceiling limit mentioned in the extant interest rate policy of the Lender available on Lenders’ website, present copy of which has been supplied to the Borrower and received in good order.
5. The Loan will be disbursed to the Borrower as set out in Key Fact Statement. The disbursement shall be through the agreed mode of disbursement in the application submitted by the Borrower to the Lender and subject to the standard terms and conditions therein, details of which are specified in Key Fact Statement
6. In case the Loan (or its part) is for payment of course fees and/or availing products/services of the institutions/ merchants, who may have a tie up with the Channel Partner /Service Provider or the Lender, as the case may be (referred to as either “Institute/s” or “Merchant/s”), the Borrower’s request for loan shall be processed as per the standard practice of Lender and it shall be deemed as disbursed to the Borrower once the Loan Amount or part of the Loan Amount is transferred from Lender account to the accounts of such Institute/s. THE LOAN AMOUNT WILL BE CONSIDERED INCLUDING ANY DEDUCTION ON ACCOUNT OF INITIAL INTEREST/SUBVENTION OR CHARGES (AS APPLICABLE)

I. DEFINITIONS AND INTERPRETATION

1. "JMFPL" means JM Financial Products Limited, a company registered under the Companies Act 1956/2013 having its registered office at 7th floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025 and shall include its successors and assigns
2. "Service Provider" shall mean BlackSoil Capital Private Limited (Credit Fair), who has, using its lending platform, introduced / referred the Borrower/s to JMFPL for sanction / disbursal of Loan
3. "Application Form" means, as the context may permit or require, the Credit Loan Application Form submitted by the Borrower, as the context may permit or require, to Lender for applying for and availing of the Loan, together with annexures and addenda and all other information, particulars, clarifications, letters and undertakings and declarations, if any, furnished by the Borrower/s or any other persons from time to time in connection with the Loan.
4. “Borrower/s” means and refers to jointly and severally to the Applicants (more particularly described in the Application Form) who has/have been sanctioned/granted/disbursed the Loan by Lender pursuant to the relevant Application Form submitted by such applicants to JMFPL for the Loan and depending upon the nature of the Borrower/s, shall, unless repugnant to the /context or meaning thereof, be deemed to include his/her legal heirs, executors and administrators;
5. “Borrower/s’ Dues” means and includes the outstanding principal amount of the Loan, interest on the Loan, all other interest, all fees, costs, charges, expenses, stamp duty and all other sums whatsoever payable by the Borrower/s to JMFPL in accordance with the Loan Terms, as well as all other monies whatsoever stipulated in or payable by the Borrower/s under the Loan Terms and loan documents.
6. “Charge” means the aggregate amount payable by the Borrower to JMFPL as per the details provided in the Application Form towards the documentation fee, servicing fee, loan processing fee and the registration fee and such other fee as mentioned or notified by JMFPL to the Borrower from time to time.
7. “Due Date” means the date(s) on which any amounts in respect of the Borrower/s’ Dues including the principal amounts of the Loan, interest and/or any other monies, fall due as specified in the Application Form and/or the Loan Terms and/or the Loan documents.
8. “Effective Date” means unless specified otherwise, the date of disbursement of the Loan to the Borrower.
9. “Event of Default” means and includes the occurrence of any one or more of the events of default as stipulated in Clause V.
10. “Standard Terms and Conditions” or “Standard Terms” means these terms and conditions for the grant of the Loan to the Borrower by JMFPL.
11. “Loan” means the loan/financial assistance sanctioned by JMFPL to the Borrower pursuant to receipt of a duly filled in Application Form specifically for the purposes mentioned in the Application Form.
12. “Loan Documents” mean the Application Form, Standard Terms and Conditions, Demand Promissory Note, Declaration and include all writings and other documents executed or entered into or to be executed or entered into, by the Borrower/s or as the case may be, in relation, or pertaining to the Loan and each such Loan Documents as amended from time to time.
13. “Loan Terms” means and refers collectively to (a) all the terms and conditions set out in the Application Form, (b) these General Terms and Conditions, and (c) all terms and conditions specified in the other Loan Documents.
14. “Merchant” shall mean third party who has or would refer its customer(s) or prospective customer(s) to JMFPL for availing the Loan facility.
15. “Pre EMI” means the amount payable by the Borrower at the interest indicated on the Loan from the Effective Date to the date immediately prior to the date of commencement of instalment.
16. “Rate of Interest” means the rate of interest applicable for the Loan as specified.
17. “RBI” means Reserve Bank of India.
18. “Tenure” means the duration for which Borrower has opted for repayment of Loan excluding the Pre EMI.
19. “Lender Website” means https://jmfinancialproducts.com/
20. “Service Provider Website” means https://creditfair.in

1. The expressions "Borrower", and the "Lender", unless repugnant to the context, shall include his/her/their respective heirs, representatives, beneficiaries, successors, executors, administrators and permitted assigns and shall individually be referred to as "Party" and collectively as "Parties"
2. Borrower shall have seen, read, verified and accepted the loan offer before acceptance of the terms and conditions of this agreement. Terms and conditions of this agreement are tied to the loan offer accepted by the borrower with JM Financial Products Limited (JMFPL) applied either through its mobile-based app if any, Lender/ Service Provider Website or through its Merchants. The loan offer terms (agreement execution date, loan sanction date, amount sanctioned, tenure of loan, interest rate applicable and EMI) would be same as those mentioned or displayed on App, Lender/ Service Provider Website or in the documents provided by JMFPL in physical or electronic mode and borrower’s identity would be same as retrieved through KYC. Further, for any notices, borrower’s residential address would be utilised as per KYC.
3. The expression "Instant Loan", unless repugnant to the context, shall mean and include Loan Disbursement within 24 working hours from the time of final sanction of Loan/facility by Lender.
4. The Borrower(s) have agreed to the Standard Terms by E-sign, click wrap method or by physically consenting as the case may be and the same is construed as express consent under the existing laws of India. The standard terms and conditions set out herein (the "Standard Terms") shall be applicable to the Facility/Loan provided/ to be provided by JMFPL to the Borrower(s).
5. Upon the representation and information provided by the Borrower in the application for the loan made to JMFPL, JMFPL hereby agrees to lend to the Borrower the Sanctioned Amount for the purpose here in above.
6. Upon breach of Standard Terms or delay in payment of PEMI or Installments, the JMFPL shall have the right to recall the Loan at any time at its discretion, without assigning any reasons for such recall, and upon such recall, the Loan and all other amounts stipulated by JMFPL shall be payable forthwith. The Borrower shall be liable for all amounts due and all costs, interest, additional interest, duties, levies, legal charges etc. incurred for enforcing this Standard Terms or for undertaking any recovery proceedings with respect to the Loan. The Borrower acknowledges that stamp duty is applicable to this Standard Terms and accordingly has paid the same, in case of any deficit the Borrower shall be liable for the same.
7. The Borrower shall repay the Loan, and the interest payable thereon, in monthly instalments as per the Terms agreed, which instalments are hereinafter referred to as "The Equated Monthly Instalments" or "EMI''. Payment of EMI before the due date shall not lead to a reduction in the interest/EMI payable by the borrower. However, any delay in payment of EMIs shall attract delay/penalty charges as per the Schedule of Charges. Any dispute, including that relating to the interest computation, shall not entitle the Borrower to withhold payment demanded by JMFPL and/or payment of any EMI. The repayment schedule for the Loan is without prejudice to the rights of JMFPL to re-compute the interest, in case of any variation of the same. On such re-computation, payments shall be made by the Borrower in accordance with such amended repayment schedule(s), as may be intimated by JMFPL directly or through Service Provider to the Borrower. Borrower agrees that the decision of JMFPL on computation of EMI or interest computation is final and legal binding upon the Borrower and the borrower shall pay the EMI or interest along with principal amount without any protest or demure.
8. The Borrower agrees to issue Cheques/SI/NACH (referred to as "Repayment Instructions") for the repayment of the Loan and is fully cognizant that dishonour of the repayment of the Loan is a criminal offence under the law. Additionally, JMFPL will also accept payment through payment gateway and the Borrower can choose to avail such options when required to make payment towards the loan account. Any additional charges levied by third parties like banks, payment gateways for NACH registration/auto-debit/payment via payment gateway, etc. shall be payable by the Borrower. The Borrower further agrees that it shall provide NACH mandate /document to JMFPL/ Service Provider, in original and/or in copy form either through physical or electronic mode or as such manner as JMFPL may direct from time to time. If the NACH registration fails, the Borrower agrees to re-do the NACH registration process. If the NACH registration is unsuccessful even on the second attempt, then the whole outstanding amount shall immediately become due.
9. Borrower agrees and confirms that he/she shall repay the Loan only from his/her own account and no third party payment shall be accepted by JMFPL.
10. JMFPL agent/representative shall not accept cash repayment of the Loan and the Borrower agrees that any cash payment made by the Borrower to any person in such regard is at his/her own risk and not adjustable from Loan amount/interest or Charges/fees associated with the Loan, further JMFPL shall not be held liable for the same.
11. The Borrower acknowledges that the Cheques/ SI/NACH/ Po-UPI mode of repayment is issued in favour of JMFPL, in advance for the payment of the EMIs. JMFPL may at any time at its sole discretion, with prior notice to the Borrower, make a demand for the repayment of the loan and dues thereto. The Borrower shall not revoke the Cheque/SI/NACH/ Po-UPI mode for payment of the EMIs during the tenure of this Loan, except with the prior approval of JMFPL. In case the Borrower revokes his/her consent to participate in the SI/NACH/ Po-UPI mode without obtaining the prior written consent of JMFPL, the same shall be deemed to be an 'Event of Default', as defined in the Standard Terms JMFPL shall have the right to forthwith recall the Loan without giving any notice to the Borrower, Notwithstanding anything contained herein, JMFPL shall have the right to initiate criminal action or take any other action/remedy available under the applicable laws against the Borrower.
12. The Borrower may prepay the entire outstanding balance of the Loan. In such an event, JMFPL shall be entitled to charge pre-payment charges as specified hereinabove on the outstanding dues. Such amount pre-paid will get adjusted towards interest, other charges and principal amount outstanding. Pre-payment shall take effect only if the standard Cheques /ECS/Po-UPI payment for the month or alternate payment made through NEFT/RTGS has been cleared and proceeds thereof realized by JMFPL in clear funds. Additionally, JMFPL may charge a fee from the Borrower for the services rendered during the course of this agreement, including but not limited to pre-closure fee, EMI date change fee, bank account change fee, legal fee, collection fee, etc, as specified in the Schedule of Charges from time to time. The borrower fee may be added into the borrower monthly repayment.
13. The amount pre-payable shall be determined by JMFPL and subject to prepayment/ charges, as applicable.
14. The Borrower agrees that part-prepayment - of Loan, is subject to conditions applicable. The Borrower can make part-prepayment of the loan with option to reduce installment amount or tenure of the loan. Incase borrower does not provide Lender with information regarding the impact after part-prepayment, the default option to be considered by lender is to reduce the tenure of the loan.
15. The records maintained by JMFPL shall be conclusive proof of the amounts outstanding from and due by the Borrower. A certificate issued by JMFPL stating the amount due at any particular time shall be conclusive evidence as against the Borrower. However, nothing herein shall prejudice JMFPL's interests or rights if there is any clerical or arithmetical error in the interest calculations due and payable by the Borrower.
16. JMFPL shall have a right to sell or transfer (by way of assignment, securitization or otherwise) whole or part of the outstanding amounts under the Facility or any other rights under this Standard Terms or any other document pursuant hereto to any person in a manner or under such terms and conditions as JMFPL may decide in its sole discretion, with or without notice to the Borrower. The Borrower hereby specifically consents to the right of JMFPL to sell or transfer. The Borrower shall not transfer or assign his/her rights under the aforesaid Loan.
17. Borrower hereby gives his / her consent for deduction of the Pre EMI amount from the loan amount being disbursed.
18. Borrower hereby agrees and confirms that in case wherein the Borrower avails any third party services through JMFPL/Service Provider, then the fees/ charges applicable for the said third party services shall be deducted from the Loan amount and JMFPL/Service Provider shall not be held liable for the services provided by such third party. It shall be the sole discretion of the Borrower to opt for such third party products and services and for any changes/cancellation on booking of such products will need to be done through relevant third party as per their product T&C. JMFPL/Service Provider shall not be liable for any claims and damages arising out of or in relation to third party product and services availed by the Borrower.
19. JMFPL/Service Provider shall not be liable for any delay in delivery or non- delivery of any product/service, or for the quality, suitability, or any other condition of the product/service, where the loan is availed for procuring such products/services from a Merchant/ third party/ institute and the Borrower is liable to make loan repayment irrespective of occurrence any of these events.
20. The Borrower/s shall pay Charges, non-refundable upfront transaction/processing fees, and other charges as and when applicable.
21. The Borrower hereby consent to JMFPL or its Authorized Agents and third party service providers to use information/data provided by the Borrower to contact him through any channel of communication including but not limited to email, telephone, SMS , etc. and further authorize the disclosure of the information contained herein to its affiliates/group companies or their Authorized Agents or Third Party Service Providers in order to provide information and updates to the Borrower on various financial and investment products and offering.
22. The Borrower hereby gives his / her consent and authorise JMFPL to disburse the Loan amount to Service Provider for onward remittance into the third party account, as purpose of the Loan is to finance the product / services availed from such third party. For avoidance of doubt, it is made clear that such payment of monies to Service Provider by JMFPL shall make the disbursement complete, irrespective of the fact that whether Service Provider transfers such money to such third party or not and the Borrower shall be liable to repay such money to JMFPL.
23. The Borrower hereby gives his / her consent and authorise JMFPL to use / preserve the KYC documents submitted at the Lender/ Service Provider website / App during onboarding. The Borrower hereby undertake and provide its consent to JMFPL and the Service Provider for sharing its/ their details with Central KYC Registry and receive KYC information from Central KYC Registry or from UIDAI. The Borrower understand that by submitting Aadhaar number, the Borrower hereby authorizes the Lender and the Service Provider a) to collect, use, authenticate its/their Aadhaar number and demographic information against UIDAI database by itself or via Authentication user Agency duly licensed by UIDAI, b) to use its/their Aadhaar number for other banking and transaction services, as may be applicable, and c) to use or obtain its/their demographic and/or biometric information through Aadhaar based authentication (including e- KYC, Mobile OTP (One Time Password) based, biometric and/or other lawful authentication means).
24. Loan (If applicable) – undertaking for salaried loan applicants:

"I undertake that I will be providing my salary account bank statement for the past one month and any other details as required by JMFPL post disbursal of the loan. All information provided by me about my demographics, employment and salary account is true. I undertake to close the loan immediately in case any of the above provided information is found to be false by JMFPL officials."

1. With a view to induce JMFPL to grant the Facility/Loan to him/her, the Borrower, hereby represents/warrants to/ covenants/ undertakes with JMFPL that he/she-
   1. Has given complete and correct information and details in the application form about himself/herself.
   2. JMFPL's associates, the Merchant, the Service Provider, agencies, Credit Information Companies and/or any other agency so authorized may use, process the said information and data disclosed to JMFPL in the manner as deemed fit by them.
   3. has no pending claims, demands, litigation or proceedings against him/her before any court or authority (public or private);
   4. shall ensure that the purpose for the Loan is advanced by JMFPL is fulfilled in all respects and produced to JMFPL, the necessary documents, as may be required by JMFPL;
   5. shall in addition to the income/ financial statement/s required by JMFPL furnish such other information/ documents concerning his/her employment, trade, business, profession or otherwise as JMFPL may require from time to time;
   6. shall promptly and without requiring any notice or reminder from JMFPL, repay the Facility in accordance with the terms mentioned herein
   7. shall (in case of more than one borrower) be jointly and severally liable to repay the Facility, interest and all other sums due and payable under this Standard Terms and to observe its terms and conditions;
   8. where applicable, shall inform JMFPL of any likely change in his/her employment;
   9. shall not stand surety or guarantor for any third party liability or obligation;
   10. being a resident in India, shall not leave India for employment or business or long stay without first fully repaying the Facility then outstanding due and payable with interest and other dues, including prepayment charges, if any;
   11. Borrower shall, in case the Borrower is a company/firm/body corporate, notify JMFPL at least 30 days in advance of any intended a) change in business, constitution or constitution documents or b) closure of its business or c) change in address.
   12. The Borrower hereby undertakes to keep JMFPL/ Service Provider informed of any change in the Borrower's e-mail ID, Telephone number, Mobile number and Address. The Borrower authorizes JMFPL to update the contact information change that JMFPL may be informed of and hereby authorizes JMFPL/ Service Provider to contact the Borrower at the updated contact details, by post, phone, e-mail, SMS/text messaging.
   13. the Borrower agrees and undertakes not to, and warrants and represents to JMFPL that the Borrower shall not, utilize the Facility for any antisocial, unlawful, or speculative purposes and/or capital market.
   14. The Borrower agrees that JMFPL shall send any notice/letter/other document meant for the Borrower at the address last intimated by the Borrower and shall be deemed to have been delivered within 48 hours after it has been sent by registered post, under certificate of posting, ordinary post or courier or email at the discretion of JMFPL. All writings from the Borrower to JMFPL must be received from the Borrower at the address specified in the Facility application
   15. The Borrower is capable of repaying the loan in a timely manner.

1. Interest shall accrue on the Loan/Facility at the rate prescribed herein mentioned above from Effective Date and shall be payable as provided for herein mentioned above.
2. The Borrower agrees to pay Interest on the Facility as mentioned herein above and which shall be fixed at all times and calculated on the daily balance of the outstanding Facility.
3. JMFPL shall be entitled to debit all other amounts due and payable by the Borrower under this Standard Terms (including but not limited to interest tax, fees, stamp duty, processing fee, login fees, costs, service/Prepayment and other charges, claims and expenses including expenses which may be incurred in recovery proceedings) to the Borrower Loan account, unless separately reimbursed to JMFPL by the Borrower. Such amounts shall form part of the Facility.
4. It is understood, by the Borrower that for default in repayment of interest/principal as it may fall due as per Facility terms, additional default/penal charges as mentioned hereinabove are applicable on principal outstanding including charges overdue from the day of default for the period the amount is in default.
5. Without prejudice to any other term of this Standard Terms, the Parties expressly agree that any payment made by the Borrower to JMFPL under this Standard Terms shall be appropriated by JMFPL in the following order (i) Interest; (ii) Default Interest and loss of profit on the defaulted amount/s; (iii) Costs, charges and expenses that JMFPL may expend to service and recover the Loan, Interest and all sums due and payable by the Borrower to JMFPL under this Standard Terms; (iv) Prepayment and other charges and (v) Principal amount of the Loan.
6. AN INITIAL INTEREST OF RS {!! $total_subvention !!}/- SHALL BE PAID TO THE LENDER BY THE INSTITUTE/MERCHANTS ENGAGED BY THE BORROWER, ON BORROWERS’ BEHALF.

1. The Borrower has given Electronic Clearing System (“ECS”)/NACH mandate and/ or cheque (collectively “Repayment Instrument”) in favor of the Lender for the repayment of the Loan now or hereafter. The Borrower hereby unconditionally and irrevocably authorizes the Lender or any other enforcing agency to enforce the Repayment Instruments towards payment of the Amount Due. The Borrower shall ensure availability of funds in the account on which such Repayment Instrument(s) have been drawn and the Borrower shall not at any time close his/her account and/or issue any notice instructing the Lender not to present any such Repayment Instrument(s) for encashment or instruct his/her bank to stop payment on any such Repayment Instrument(s).
2. The Borrower further confirms that the Loan under this Agreement has been made available on the basis of the Repayment Instrument(s) issued by the Borrower in favor of the Lender. The Repayment Instruments remain valid for all Loan along with interest, default interest and other Charges.
3. In case the Borrower does not comply with the aforesaid, the Lender shall still be entitled to present/invoke the Repayment Instrument(s). The dishonor/failure of the Repayment Instrument(s) shall be treated as an Event of Default (defined below) under this Agreement.

1. JMFPL shall, at its discretion, obtain a confidential credit report on the borrower from its other lenders
2. JMFPL reserves the right to appoint qualified accountants management consultants of its choice to examine the books of accounts and operations of the Borrower or to carry out a full concurrent/statutory audit. The cost of such inspection shall be borne by the Borrower.
3. In case any condition is stipulated by any other lender that is more favorable to them than the terms stipulated by JMFPL, JMFPL shall at its discretion, apply to this Facility such equivalent conditions to bring its Facility at par with those of the other lenders.
4. The Loan shall be utilised for the purpose for which it is sanctioned and it should not be utilised for:
   1. Subscription to or purchase of shares/debentures
   2. Extending loans to subsidiary companies/associates or for making inter-corporate deposits.
   3. Any speculative purposes.
   4. Pay-off another loan taken from JMFPL/ABC
5. The Borrower will keep JMFPL informed of the happening of any event which is likely to have an impact on their profit or business and more particularly, if the monthly production or sale and profit are likely to be substantially lower than already indicated to JMFPL. The Borrower will inform accordingly with reasons and the remedial steps proposed to be taken.
6. The Borrower should not pay any consideration by way of commission, brokerage, fees or in any other form to guarantors directly or indirectly.
7. The Borrower and Guarantor(s) shall be deemed to have given their express consent to JMFPL to disclose the information and data furnished by them to JMFPL and also those regarding the credit facility/ies enjoyed by the borrower, conduct of accounts and guarantee obligations undertaken by Guarantor to the Credit Information Companies in India or Reserve Bank of India (RBI) or any other agencies specified by RBI who are authorised to seek and publish information.
8. The Borrower will keep JMFPL advised of any circumstances adversely affecting their financial position including any action taken by any creditor, government authority against them.
9. The obligation of JMFPL to make disbursements out of the Loan shall be subject to the Borrower complying with all the conditions to the satisfaction of JMFPL in its sole discretion. The Borrower shall complete all documentation as stipulated, to the satisfaction of JMFPL.
10. Disbursement shall be into the account specified by the institutes/Merchant/School (as applicable). The Borrower also hearby expressly authorizes the Lender to disburse/route the said disbursement through nodal account and/or the third party account (i.e. directly to the accounts of the institute/s and/or Merchant/s and/or school/s.
11. The Loan(s) may be disbursed in 1 (one) or more installments or tranches, in accordance with the Lender’s policy and sanctioned terms. Accordingly, the Lender may allocate one or more Loan Account Numbers for every tranche for better administration of Loans in accordance with its terms. Notwithstanding anything mentioned elsewhere, the Loans shall be governed by the said loan documents and/or Facility documents.
12. The arrangement/tie-up of the Institute/Channel Partner with the Lender may require drawdown/disbursement of the Loan amount in tranches which otherwise becomes payable upfront in its entirety by the Borrower in absence of such arrangement/tie-ups. As such, for the Borrower the date of first tranche disbursement of the Loan by the Lender shall be deemed to be the date of disbursement of the entire sanctioned Loan amount, since the Loan amounts are kept available for drawdown, irrespective of its utilization.
13. While the interest cost in the ordinary course for the Loan shall be at the rate equivalent to the ceiling rate (presently at 30%p.a.); in consideration that ROI will be calculated on the total sanctioned Loan amount despite credit of funds in tranches to the institute, the Lender has agreed with sanctioning Loan on the sanctioned terms. Ceiling rate means the maximum rate of the ceiling limit mentioned in the extant interest rate policy of the Lender available on Lenders’ website, present copy of which has been supplied to the Borrower and received in good order.
14. The Borrower expressly authorizes/consent to Lender and its various service providers/partners (a) to market other loan, investment and any other service products of the Lender including through telecalls, WhatsApp, other electronic communications and SMS; (b) for collections and recovery agents to contact the Borrower telephonically even if the name of the Borrower appears in the National Do Not Call Registry (as set out at www.donotcall.gov) (the "NDNC Registry") to inform the Borrower about, dues under Loan granted under this Agreement. The Borrower also expressly declares that such telephonic calls from Lender’s tele-callers or service providers will not cause any inconvenience to him /her and/or their family members
15. The Lender shall at any time, without any consent of or notice to the Borrower be entitled to securitise, sell, assign, discount or transfer all or any part of the Lender's right, title and interest in the receivables along with the underlying security, if any, and obligations, under this Agreement or other Loan documents, to any person(s) and in such manner and on such terms as the Lender may decide. The Borrower shall not be entitled to directly or indirectly assign or in any manner transfer, whether in whole or part, any rights, the benefit or obligation under the Loan documents.

1. All sums outstanding under the Loan (including the principal, interest, charges, and expenses) shall become immediately due and payable forthwith upon the occurrence (in the sole decision of JMFPL) of any one or more of the following:
   1. The Borrower fails to pay to JMFPL any amount when due and payable under this Standard Terms.
   2. The Borrower fails to pay to any person other than JMFPL any amount when due and payable or any person other than JMFPL demands repayment of the loan or dues or liability of the Borrower to such person ahead of its repayment terms as previously agreed between such person and the Borrower;
   3. The Borrower defaults in execution of loan as required by the JMFPL or in performing any of its/his/her obligations under this Standard Terms or breaches any of the terms or conditions of this Standard Terms;
   4. The Borrower, in case of individual, opts to resign or retires from the employment prior to the age of superannuation or is discharged or removed from service before such date for any reason whatsoever;
   5. Any of the information provided by the Borrower to avail the Loan or any of its/his/her Representations, Warranties herein being found to be or becoming incorrect or untrue;
   6. Any person other than JMFPL commencing proceedings to declare the Borrower insolvent or if the Borrower shall become bankrupt or insolvent or commit acts leading to insolvency or results in any person initiating criminal proceedings against the Borrower;
   7. The Borrower is found to have fraudulent history or found or alleged to have been involved in document misrepresentation/fraud or is proven to be involved in any sort of money laundering activities or any other
   8. Any default by the Borrower or its/their promoters/ affiliates/ agents/ associates/ group companies/ directors (independent or executive)/ subsidiaries /assigns, under this or any other agreement or other writing between the Borrower(s) (including its/their promoters/ affiliates/ agents/ associates/group companies/ directors (independent or executive)/ subsidiaries/ assigns)and JMFPL or its promoters/ affiliates/ subsidiaries, assigns or any group company, or under any other agreement or writing of indebtedness of the Borrower or its/their promoters/ affiliates/ agents/associates/group companies/ directors (independent or executive) /subsidiaries/ assigns, or in the performance of any covenant, term or undertaking thereunder, or any indebtedness of the Borrower or its/their promoters/ affiliates/ agents/associates/group companies/ directors (independent or executive)/subsidiaries /assigns, not being paid when due or any creditor of the Borrower or its/their promoters/ affiliates/agents/associates/group companies/ directors (independent or executive)/subsidiaries /assigns becoming entitled to declare any indebtedness due and payable prior to the date on which it would otherwise have become due or any guarantee or indemnity or collateral given or other support agreement entered into by the Borrower or its/their promoters/ affiliates/ agents/ associates/group companies/ directors (independent or executive)/subsidiaries /assigns not being honoured when due and called upon.
2. On the occurrence of any Event of Default as per this Clause, the Borrower shall be liable to indemnify the Lender and the Service Provider for all costs including but not limited to legal costs, on- ground personal deployment costs, collection costs incurred by them to recover all due amounts.
3. Lender shall stop advancing money or extending credit for the Borrower’s benefit under this Agreement or any other agreement between the Borrower and the Lender, and terminate the right of the Borrower to avail of or make drawals from the loan; and/or
4. Lender may take any action and proceed under any applicable law or statute against the Borrower; and/or
5. Lender may enforce the security interest (if applicable), if any available.

1. Ensure timely payment of the Amount Due and ensure that the Repayment instruments(s) are honored on presentation;
2. Utilize the Loan only for the purpose set out in Key Fact Statement and not use the same for any other purpose including making investment in the capital market or for any speculative purposes, unlawful purposes and/or anti-social purpose. The Lender shall have the right to recall the loan if the funds are used for any speculative, unlawful and/or anti-social purposes;
3. PROMPTLY NOTIFY THE LENDER THROUGH A WRITTEN NOTICE, OF ANY CHANGE IN THE BORROWER’S MOBILE NO., POSTAL ADDRESS OR ANY OTHER DETAILS PROVIDED IN THE APPLICATION OR THIS AGREEMENT;
4. Execute any and all documents, as the Lender may require, from time to time, for duly or more perfectly securing the repayment of the Loan;
5. Utilize any money received under an insurance claim by the borrower, including legal heirs, for the repayment of the outstanding amount of the Loan;
6. Not default or delay in the repayment of outstanding Loan amount along with interest, default interest or the Charges and dues beyond the respective due dates;
7. Not hold the Lender and/or the Channel Partner/Service Provider liable for any delay in delivery or non-delivery of any product/ service, or for the quality, suitability or any other condition of the product/ service, where the Loan is availed for payment of course fees and/or availing products/services of the Institute/s/Merchant/s; and
8. Not dispute and/or hold the Lender responsible for (1) non-availability or non-accessibility of the Lender’s website (i.e. www.jmfinancialproducts.com), electronic payment gateway, telephone(s), or office(s) of the Lender for reasons beyond the Lender’s control; or (2) any typographical error or inaccuracy on the Lender’s website or any written, e-mail & SMS communication.
9. Shall immediately repay the outstanding Loan and until such repayment procure a guarantor with good credit profile (acceptable to the Lender), in Lender’s favour who shall guarantee the debts hereunder, in the event the Borrower is required to change its state of residence for any reason including but not limited to, seeking employment outside India or otherwise.

1. Borrower acknowledges and agrees that any request, notice, correspondence or any other writing whatsoever (“Writing”) required or contemplated under this Agreement may be executed and any delivery, offer, acceptance or any other action whatsoever (“Action”) in respect of this Agreement may be undertaken in electronic form by way of a click wrap or any other electronic means of executing or authenticating transactions (“Electronic Form”) as may be enabled by Lender. For avoidance of doubt, it is clarified that communications in Electronic Form include any Writing or Action undertaken on any technology platform, mobile application or website provided either by the Lender (by itself or through its authorized service providers) or availed by the Borrower (through the Channel Partner/ Service Provider acceptable to the Lender).
2. Borrower hereby further confirms that any Writing or Action made or undertaken by Borrower in Electronic Form shall be valid, binding and legally enforceable against them and it shall not raise any objection or claim or disclaim any liability under or in relation to the validity or enforceability of a Writing or Action solely on account of it being in Electronic Form.
3. The Borrower hereby declare and undertake that, (i) all the information (including electronic information), supporting documents provided towards this Agreement and/or Application are true, correct, completed and up to date in all respect; (ii) none of the material information is withheld or constitute misrepresentation; (iii) The Borrower shall indemnify the Lender for any loss that it may incur pursuant to this Agreement and/or Application ; (iv) any change in my / our address / contact details for communication will be informed to the Lender immediately; (v) I/We, have received all the information regarding the Loan availed from the Lender and shall comply with all the terms and conditions and pay the Charges in relation thereto; (vi) Lender, its holding, subsidiary & associate companies, agents, partners, education institutes, credit reporting agencies and any other entities authorized by the Lender (collectively referred to as “associate group”) is/are authorized and entitled to use and share my/our information, for credit assessments, any regulatory and legal purposes and to verify authenticity of any statement, residence, employment, contact details, CIBIL or Credit history, document verification, reference checks, etc.; (vii) our Application is subject to Lender’s credit and underwriting norms and completion of verifications and checks; and (viii) The Lender is irrevocably authorized and entitled to retain all the documents including the Application Form for its records and references;
4. The Borrower hereby undertake and provide its consent to the Lender or its authorized service providers, for sharing its/ their details with Central KYC Registry and receive KYC information from Central KYC Registry or from UIDAI. The Borrower understand that by submitting Aadhaar number to the Lender or its authorized service providers, the Borrower hereby authorizes the Lender or its authorized service providers a) to collect, store, use, verify, authenticate its/their Aadhaar number and demographic information against UIDAI database by itself or via user Agency duly licensed by UIDAI, as permitted under the applicable law from time to time; b) to use its/their Aadhaar number for financing, other banking and transaction services, as may be applicable, and c) to use or obtain its/their demographic and/or biometric information through Aadhaar based authentication (including e-KYC, Mobile OTP (One Time Password) based, biometric and/or other lawful authentication means) as permitted under the applicable law from time to time;
5. The Borrower hereby, authorize the Lender, its associate group to communicate with them by email, call, SMS, WhatsApp, electronic communication using digital media and other channels or via any other means in relation to any of the products, services or information of the Lender and/or for cross-selling. The Borrower confirm that laws in relation to the unsolicited communication referred in "National Do Not Call Registry" (the "NDNC Registry") as laid down by Telecom Regulatory Authority of India will not be applicable for such communication/calls/SMS/messages received from the Lender, its employees, agents and/or associates.
6. THE BORROWER HAS ENTERED INTO THIS AGREEMENT AND HAS ELECTRONICALLY OR OTHERWISE ACCEPTED OR SIGNED THIS AGREEMENT OUT OF THE BORROWER’S OWN FREE CONSENT AND NO UNDUE INFLUENCE OR COERCION HAS BEEN EXERCISED UPON THE BORROWER TO DO SO.
7. The Loan Sanction Details/Key Fact Statement shall form an integral part of the Loan Agreement (including its Key Fact Statements, schedules referred hereto) and shall be read along with it, wherever the context so requires. Any reference to the ‘Key Fact Statement’ in the Loan Agreement hereinabove shall be construed as reference to the 'Loan Sanction Details/Key Fact Statement and shall be read and construed accordingly.

1. Lender shall not be held liable for any delay of or failure to comply with any of the terms of this Agreement, nor shall any such delay or failure be deemed a default when such delay or failure hasbeen caused primarily by any circumstances beyond the reasonable control and without the fault of JMFPL affected, including but not limited to fire, war, insurrection, government restrictions, act of terrorism, computer system failure or act of God or such other event which is beyond the control of JMFPL ("Force Majeure Event"), provided that such affected Party uses due diligence to mitigate the effects of the Force Majeure Event on the performance of its obligations under this Agreement.

*For updated Schedule of charges, refer to https://jmfinancialproducts.com/.

**Loan Amount & Loan Tenure reduced basis Advance contribution of the borrower towards the applied loan amount.

*Actual Interest/EMI amount will vary based on the number of days between the disbursal date and the first EMI date. The difference in the interest amount shown in the table and the actual repayment amount is due to rounding off.

Detailed Repayment Schedule (Indicative*)

SMA / NPA Table Explanation: -

The circular DBR.No.BP.BC.45/21.04.048/2018-19 dated June 7, 2019 on ‘Prudential Framework for Resolution of Stressed Assets’ requires the lenders to recognize incipient stress in borrower accounts, immediately on default, by classifying them as special mention accounts (SMA). In order to remove any ambiguity, it is clarified that the intervals are intended to be continuous and accordingly, the basis for classification of SMA categories shall be as follows:

Illustration of NPA Classification :-

• If the due date of an account is 10th March’ 2022, and the full dues/instalment is not received before the Lender runs its day-end process for this date, the date of overdue shall be 10th March’ 2022. ¨
• If the account continues to remain overdue, then this account shall get tagged as SMA-1 upon running day- end process on 09th April’2022 i.e., upon completion of 30 days of being continuously in overdue. Accordingly, the date of SMA-1 classification for that account shall be 09th April’2022.
• Similarly, if the account continues to remain overdue, it shall get tagged as SMA-2 upon running the day- end process on 09th May’2022; and ¨
• If the account continues to remain overdue further, it shall get classified as NPA upon running day-end process on 08th June’ 2022. ¨ If the instalments of “March’2022” & “April’2022” are collectively repaid post “08th June’ 2022”, then also the account shall continue to be reported as NPA.
• If all the unpaid instalments (in the above example from “March’2022” till actual realization) are fully paid along with the other charges/arrears, then only the account will be upgraded/regularized as standard asset and shall not be reported as NPA.