VERNACULAR DECLARATION Clause Samples

VERNACULAR DECLARATION. This is to confirm that the contents of this Agreement have been read out, explained and interpreted to:

VERNACULAR DECLARATION. (To be signed by Party to the Agreement signing in Vernacular Language)

VERNACULAR DECLARATION. The content of this Form, the Terms & Conditions and all other documentation have been read over and translated into language and explained to the Borrower(s) and He/She/They having understood the content thereof have subscribed to these presents.

VERNACULAR DECLARATION. Photo of the DEPONENT I, Son /daughter of aged about years, residing at

VERNACULAR DECLARATION. The content of the Loan Agreement and all other documentation have been read over and translated into language and explained to the Borrower and the Borrower having understood the content thereof has subscribed to these presents.

VERNACULAR DECLARATION. The content of this application form cum terms and conditions, each of the schedules and annexures to this Gold Loan Terms and Conditions have been read out and explained in the language known to me/us by ( name of the person) and after understanding all terms and conditions for availing loan from the Bank I/we have executed the said documents. Name of Person and Employee code (explaining the contents) Signature/Right Thumb Impression of the Person

VERNACULAR DECLARATION. The content of this Form, the Terms & Conditions and all other documentation have been read over and translated into

VERNACULAR DECLARATION. 1The contents of this Agreement have been explained to the Borrower in the vernacular language or such other language as understood by the Borrower Date of Loan Agreement [●] Details of Borrower having its registered office at Details of Co-borrower having its registered office at Details of Security Provider having its registered office at Details of Guarantor having its registered office at Date of Sanction Letter [●] Loan Application ID [●] Nature of Borrower Please tick one; (a) Anchor/ Manufacturer (b) Authorised Distributor/ Dealer of M/s < >; (c) Sub-dealer/ retail deale (d) Supplier/vendor of M/s < > Nature of Loan Short term loan Credit line/limit OD Other working capital facility Facility Amount and/or Credit Limit Rs. [●]/- (Rupees [●] Only) Availability Period [●] ([●]) [days/ months/ years] from date of this loan agreement Rate of Interest and Computation [●]% ([●] percent) [Declining Balance/flat per month] OR [●]% ([●] percent) [Declining Balance/flat per annum]. Interest calculation shall commence from the date of disbursement as per Bank’s records. Payment Instrument NACH/ ECS/ PDCs Due Date(s) <<By bullet/EMI>> Fees and Charges As per schedule of charges available on website of bank Stamp duty, documentation charges, processing fee and set up fee (including GST) Rs. [●]/- (Rupees [●] Only). Estimated Insurance Premium Amount (Including GST) Rs. [●]/- (Rupees [●] Only) (Please note that amount of insurance premium may vary depending upon the date of loan disbursement) Drawdown Conditions Each drawdown from the Loan shall be subject to the following additional conditions: Drawdown Limit: [●]% of the Invoice value Minimum Utilization for each drawdown Minimum Utilization Amount - Rs. [●]/- (Rupees [●] Only) Minimum Utilization Period - [●] ([●]) [days/ months/ years] from date of Loan sanction/ date of this loan agreement Deficit Utilization Charges - Rs. [●]/- (Rupees [●] Only) Security (a) Hypothecation of Recievables (b) Escrow of Receivables (c) Immovable Property of Borrower / third party being < > (d) Personal guarantee of Mr/Ms. <> and/or Corporate Guarantee of < > (e) Other Terms and Conditions The processing fees, stamp duty, documentation charges, insurance premium, etc. shall be payable by [●]. Authorized Signatory [Name of Borrower] [Name of Co-borrower] To, [Client’s Name] [Client’s Address] Sub: Authorization to transfer the Receivables in the Bank Account of We, [●], a company/limited liability partnership/partnership/sole pro...

VERNACULAR DECLARATION. The content of this application form cum terms and conditions, each of the schedules and annexures to this Educational Loan Terms and Conditions have been read out and explained in the language known to me / us by (name of the person) and after understanding all terms and conditions for availing loan from the Bank, I/We ave executed the said documents.