I/We have applied for loan at Aasaan Loans powered by Akme Fintrade India Limited. I/We undertake, declare, agree and confirm that:

 

1. I/We acknowledge application of loan, applicable schedule of charges along with documents to be submitted for my loan processing with Aasaan Loans. Schedule of Charges may vary at the time of loan agreement execution and the same is also subject to change from time to time. 

 

2. All particulars, information, copies of financials/bank statements/title records/legal and other documents and details given/filled in or submitted along with this Loan Application, or tab/mobile app based Application form filled by Aasaan Loans representative are true, correct, and updated in all respects and that no information/details whatsoever has been withheld/concealed. The information/details/documents submitted by me/us including sensitive personal information shall form the basis of the credit appraisal done by Aasaan Loans and any loan/service or amount thereof that Aasaan Loans may decide to grant to me/us at its sole discretion.

 

3. In case any discrepancy is found or observed from the documents/information/detail submitted by me/us, Aasaan Loans shall, in its sole discretion, be entitled to cancel the sanction at any stage or recall the loan, if already disbursed.

 

4. I/We have never defaulted in any loan availed from Aasaan Loans or any other bank/financial institution.

 

5. No award, decree, judgement or order has been passed against me/us involving breach of contract, tax malfeasance or other misconduct which could have any adverse effect on my/our capacity to repay the loan.

 

6. I/We confirm that no insolvency proceedings or suits for recovery of outstanding dues or monies whatsoever and/or any criminal proceedings or any proceedings for winding up, dissolutions, administration or reorganization or for the appointment of the receiver, administrator, administrative receiver, trustee or similar officer for my/our assets have been initiated and/or are pending against me/us and that I/We have never been adjudicated insolvent by any court or other authority.

 

7. I/We specifically authorize Aasaan Loans and all its group/business associate companies and their employees, agents and representatives to collect, exchange, share or part with all or any information for any purpose including cross selling and referrals.

 

8. I/We acknowledge and agree that Aasaan Loans shall have, in its absolute discretion and without assigning any reason (unless required by applicable law), the right to accept or reject the Loan Application and Aasaan Loans shall not be responsible 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 or arising out of such rejection, or any delay in notifying me/us of such rejection, of my/our application. Quantum of the loan will be finally decided by Aasaan Loans and Aasaan Loans has not made any commitment to me/us regarding the same.

 

9. The amount of loan shall be decided by Aasaan Loans in its sole discretion and Aasaan Loans does not and has not made any commitment to me/us regarding the same.

 

10. Aasaan Loans is not under any obligation under any circumstances whatsoever to refund registration/upfront/processing fee or any fee by whatever name called once paid.

 

11. All payments including for stamp duty, registration fee, legal fee, valuation charges, ROC filing charges (if applicable), documentation charges and any other out of the pocket expenses as per actuals shall be borne by me/us.

 

12. I/We understand that the disbursement will be subject to production of necessary documents as may be required by Aasaan Loans from time to time, satisfactory completion of Aasaan Loans appraisal and documentation process and compliance with Aasaan Loans laid down norms/guidelines.

 

13. Any change in information submitted with this Loan Application or thereafter including change in address(s), employment or profession, income, telephone number etc. shall be promptly informed to Aasaan Loans.

 

14. I/We confirm that I/we shall cooperate with Aasaan Loans and furnish additional documents and/or shall execute such other documents, if necessary, to enable Aasaan Loans to abide by/comply with all other existing/further directives of the statutory/regulatory authorities/any other authority in accordance with applicable laws.

 

15. I/We authorize Aasaan Loans to disclose any information/documents submitted with Loan Application or anytime thereafter or relating to me/us, of the loan(s) proposed to be availed by me/us, as Aasaan Loans may deem appropriate and necessary, to Reserve Bank of India, tax authorities, Credit Bureaus, third parties, credit rating agencies, Trans Union Credit Information Bureau (India) Ltd. or any other agency authorized in this behalf by RBI, or Government or any regulatory/statutory/judicial/quasi-judicial authority and also to obtain information from these agencies/authorities etc. with respect to me/us so as to enable Aasaan Loans to appraise my/our Loan Application.

 

16. I/We undertake that (a) CIBIL and any other agency so authorized may use, process the said information and data disclosed by Aasaan Loans in the manner as deemed fit by them; and (b) CIBIL and any other agency so authorized may furnish for consideration, the processed information and data disclosed or products thereof prepared by them, to Bank/Financial Institutions and other Credit Grantors or Registered Users, as may be specified by the RBI in this behalf.

 

17. I/We hereby authorize Aasaan Loans as may be required in order to enforce the rights of Aasaan Loans pursuant to the provisions of the insolvency and Bankruptcy Code, 2016 and required to monitor the Loan and the utilization thereof, and /or to take steps toward the recovery of the Outstanding Amounts.

 

18. I/We authorise Aasaan Loans to contact me/us for products and services offered by Aasaan Loans or any service provider regarding dues, marketing schemes, various other financial and insurance products, etc. in any of the following methods: (a) Telephone even if the Applicant’s name appears in Do Not Call Register. (b) E-mail (c) SMS (d) Whatsapp; (e) other communication channels under applicable laws.

 

19. I/We hereby confirm that I/we am/are competent and fully authorized to give declarations, undertaking etc. execute and submit this Loan Application and all other documents for the purpose of availing the loan, creation of security and for all the purposes mentioned/required to be done in this regard.

 

20. I/We hereby declare that information given by us in application form and digital application form, if there is any inconsistency, the information provided in digital form will prevail.

 

21. I/We expressly and irrevocably give further consent that Aasaan Loans is entitled (but not obliged) to contact at any such place, person/or entity, reasonably believed by Aasaan Loans of having any connection with the Applicants, details of which may be available with Aasaan Loans either directly or indirectly in order to establish contact with the Applicants, disclose relevant information regarding the Loan or procure information that may be relevant for Aasaan Loans to service the Loan or exercise its rights and obligations in terms of the T&C.

 

22. No money or fees has been solicited or paid in cash to any Aasaan Loans employees/business associates during the process of application submission.

 

23. Any information or data disclosed to Aasaan Loans pursuant to the Loan Application Form and the T&Cs has been provided out of the Applicant’s own free will and volition.

 

24. Aasaan Loans may collect, use, process, store, transfer the information or data, including any sensitive personal information or data, for any or all of the following purposes : (i)  Of data processing, statistical or risk analysis, conducting credit or KYC or anti-money laundering checks, credit risk management, or monitoring the Applicant’s credit worthiness. (ii) Of meeting the disclosure requirements of any law binding on Aasaan Loans.

 

25. I/We agree that submission of the Loan Application does not imply automatic approval of the loan by Aasaan Loans. Aasaan Loans may request for additional documents other than those submitted along with the Loan Application. I/We confirm that the executive who collected my/our applications/documents has informed me/us and I/we am/are fully aware that –1. Any tax, fee, cess, duty etc. as may be applicable and payable from time to time will be charged in connection with the loan. 2. Aasaan Loans is not liable for the safe keeping and return of any documents/papers or copies thereof submitted along with the Loan Application. 3. Aasaan Loans shall not be liable to process any incomplete/defective applications and Aasaan Loans shall not be responsible for any resulting delay or otherwise. 4. The Loan Application, documents/photographs or any other detail etc. once submitted by me/us will not be returned under any circumstances whatsoever by Aasaan Loans. This application form is considered valid unless the applicant revokes the same.

 

26. I do hereby declare that, in case I have submitted deemed OVD as a proof of my current address, I will submit any one of the Officially Valid document within period of three months from the date of the loan application with updated current address as mentioned in the deemed OVD submitted by me as part of this application.

 

27. I/We hereby declare that there is no change in the personal information, occupation, contact details provided at the time of previous loan application (Loan application no_________).

 

28. I/We hereby declare that in case of any updation in the aforementioned information, shall be provided to the Aasaan Loans representative along with supporting documents along with loan application form.

 

29. I do hereby give my consent for downloading KYC document from CKYC portal.

 

30. I/we agree that Aasaan Loans will convey it’s decision within 45 days to me/us from the date of application provided I/We submit application which is complete in all respects including all the documents required to be submitted as per check list and /or any additional documents as may be required by Aasaan Loans for proper appraisal of the application. I/we agree that the timelines shall start from the day on which all documents required for a proper appraisal of the loan application are provided by me/us to Aasaan Loans.