RBL BANK LIMITED

No.

VEHICLE LOAN AGREEMENT

INSTRUCTIONS FOR FILLING LOAN AGREEMENT

City

Name of Applicant

Date of Loan Agreement

Loan Amount (R)

EMI (R)

Tenor

General Instructions
1) All applications to be filled in English in CAPITAL LETTERS using a ballpoint pen only.
2) There should not be any amendments/ overwriting/ erasures/ cutting on the Loan Agreement and any amendments/
overwriting/ erasures/ cutting should be undersigned.
3) The Signature of the Borrower and Co-borrower should be the same on Loan Agreement & Application Form.
4) The full signature of the Borrower and Co-borrower is to be put in all the places where there is a mark.
5) The full signature of the Borrower is to be put in all the places on the Document where there is a mark.
Language Declaration Signature

I have understood all the terms and conditions of the agreement which
English
have been explained to me in the language that I understand.

cewves DevegyebOe kesÀ efve³ece Je Melex mecePe ueer nQ,

Hindi
pees cegPes DeHeveer %eele Yee<ee ceW mecePeeS ieS nQ.

Tamil

Malyalam

Telugu

Kannada

ceuee keÀjejveec³ee®³ee meJe& Deìer Je Meleea mecepeu³ee Deensle, p³ee ceuee keÀUCeeN³ee
Marathi
Yee<esceO³es mecepeeJetve meebieC³eele Deeu³ee Deensle.

Gujarati ©Éá HùÉù{ÉÉ ©É{Éà »É©ÉX«É lÉà §ÉɺÉÉ©ÉÉÅ »É©ÉX´É´ÉÉ©ÉÉÅ +É´Éà±ÉÉ »É´ÉÇ Ê{É«É©ÉÉà +{Éà ¶ÉùlÉÉà »É©ÉY ±ÉÒyÉÉ Uà.

Oriya

ceekeÀe mecepelee l³ee Yeeµesve keÀjeje®ees meesieȳee Deìer Je meleea mHeä keÀjesve meebieuîee
Konkani
Deeveer l³ee ceekeÀe keÀUuîee Deemee.

Punjabi

Bengali

Assamese

Urdu

Sign against the appropriate box

 garages and / or any places where the hypothecated assets or entire amount due under the loan account notwithstanding that all license and registration in full force and effective by paying 20. The Bank may, in its sole discretion, permit prepayment of the in connection herewith or with the enforcement or realization or any consideration to the director/s for standing him / them as
any spares or equipments thereof may be and to view inspect or any of the said Hypothecated Assets have not been realized. punctually the required taxes and observing the rules and loan at the request of Borrower subject to the Borrower paying or attempted enforcement or realization of the security hereby guarantor/s and that Borrower will not pay any such consideration
and evaluate the same and take inventories thereof and to regulations. The Borrower shall not change their area of prepayment charges calculated on the amount due under the created or the protection or defense or perfection thereof or to him / them for the same.
8. That after taking possession of the Hypothecated Assets, the
inspect the accounts and papers to ensure the efficient working operation without written consent of the Bank. loan at the rate as may be decided by the Bank from time to time. for the recovery of any monies hereby secured and of all suits
Bank shall not be responsible, notwithstanding anything to the 31. The Borrower hereby agrees that the Bank shall be at liberty
of the Borrower’s business and the hypothecated assets and and proceedings or whatsoever nature for the enforcement or
contrary containing in Section 151 of the Indian Contract Act, viii. The Borrower shall punctually pay all rents, taxes, outgoing 21. The Bank may, in its absolute discretion and without any further to transfer the said account from one branch to another branch
the Borrower shall render to the Bank and to its agents, officials realization of the security hereby created or the recovery of such
for any loss or deterioration of, or damage to the Hypothecated and other charges in respect of the premises in which the notice to the Borrower, grant / transfer / assign to any person / of the Bank as per the administrative convenience of the Bank.
and representatives all facilities as may be required for any of monies or otherwise in connection herewith.
LOAN CUM HYPOTHECATION OF VEHICLE the purposes aforesaid. The Borrower shall carry out all the
Assets whether by theft, fire, rain, flood, earthquake, lightning, Hypothecated Assets are parked or kept. Bank / financial institution, any of its rights under this Agreement The Bank shall give prior notice to the Borrower about the
accident or any other cause whatever. and other documents executed by the Borrower and of the terms 25. The Bank shall be entitled at its discretion to maintain separate intended transfer of the said account. The Borrower hereby
suggestions and directions that may be given by the Bank in ix. The Borrower shall at their expense keep the Hypothecated
attached thereto, including the right to receive the balance under accounts in the books in respect of the unpaid installments of agrees and confirms that such transfer of the said account is not
that behalf and shall bear and pay all fees and expenses that the 9. Nothing herein contained shall prejudice or affect any general Assets in marketable and good working condition and will
THIS Loan cum hypothecation agreement is made at Only) for the purpose of purchase of loan and in particular may grant / transfer / assign such rights principal and / or interest for the purpose of effective control to be considered as closed and all the documents, guarantee/s,
Bank shall be entitled to incur the same and debit the same to or special lien to which the Bank shall by law or otherwise be promptly carry out replacements and repairs as may be
on (“Agreement”) by way of charge or as a security to any person to whom such and monitoring of recovery thereof. The Borrower hereby securities and the charge of the Bank on Hypothecated Assets will
which the Bank, vide its the loan account which shall carry interest thereon at the rate of entitled or operate to prejudice its rights and remedies in respect necessary for keeping the Hypothecated Assets in running
rights are granted / transferred / assigned shall be entitled to the acknowledges that he / they shall be liable to repay such continue unaffected until all the amounts remaining unpaid under
BETWEEN interest specified hereinabove till payment thereof and the same of any present or future security or guarantee for any obligation, condition. The Borrower further agree/s to pay and discharge
application form dated , has agreed to do on the full benefit of such rights. This Agreement shall be binding upon outstanding amounts as due and payable hereunder and shall the said account as transferred to the other branch are repaid
shall be a charge on the Hypothecated Assets for due payment indebtedness or liability of the Borrower to the Bank. punctually all the taxes, duties and outgoings that may
Borrower agreeing to repay the said loan with interest as hereinafter the Borrower and shall ensure for the benefit of the Bank and its continue to be secured by the security created hereunder. in full. The Borrower shall continue to enjoy the credit facility on
* Mr./Mrs. son/ of all such amounts to the Bank. become due and payable from time to time in respect of the
mentioned and on the Borrowers securing repayment of the said loan 10. The Borrower agree/s to accept as conclusive proof of the successors in title and assigns. the same terms and conditions at the transferee branch.
daughter/wife of Mr. Hypothecated Assets either to the Government or Municipal 26. Notwithstanding, the Bank’s decision / action / policy, if any, to
with interest, costs, charges, expenses etc., to the Bank by hypothecation 5. i. The Borrower shall at all times during the continuance of correctness of any sums / claimed to be due from the Borrower
residing at or local authority or otherwise howsoever. 22. The Borrower accepts, confirms and consents for the disclosure reverse any debit entry or not to debit interest or not to make any 32. It has been agreed between the parties hereto that in case of
of the Borrowers’ vehicle described in the second schedule hereunder this security and from time to time insure the Hypothecated to the Bank under this agreement, a statement of account made
and sharing by the Bank of all or any information and data debit entry in bank’s books or ledger accounts or in statement of any dispute the governing laws shall be Indian and that the
(hereinafter referred written and on the terms and in the manner hereinafter contained. Assets and keep it insured against loss or damage by fire, out from the Books of the Bank and signed by the manager/ 12. The Borrower shall indemnify absolutely, unconditionally and fully
relating to the Borrower, the Loan, any other transactions that account or any account, for any period whatsoever, the Borrowers Courts / Tribunals alone shall
to as “Borrower”, which expression shall include his heirs, executors, riot, burglary, civil commotion, strikes and other risks and accountant or other duly authorized officer of the Bank without and at all times keep indemnified saved, defended and harmless
NOW THIS AGREEMENT WITHNESSETH as follows: the Borrower has with the Bank, the Borrower’s account, and the shall be bound and liable to pay jointly or severally to the Bank, have exclusive jurisdiction in respect of any matter, claim or
administrators, successors and permitted assigns as the case may be) take out comprehensive insurance policy from the General the production of any other voucher, documents or paper. the Bank against all claims, demand, right, action proceedings of
1. In pursuance of the said agreement and in consideration of agreements and documents related to the Loan and transactions, the entire outstanding debit balance and compound interest dispute arising out of or in any way relating to these presents or
Insurance Corporation or any other insurer acceptable to the whatsoever kind or nature made, taken, filed by any person or
[To be used in case the Borrower is an Individual] 11. The Borrower hereby covenant with the Bank as follows : including but not limited to information relating to default, if any, thereon with monthly rests till the date of realization, recovery to anything to be done pursuant to these presents or in regard
the sum of Rs. Bank, in the joint names of the Bank and the Borrower to the party and against all and any losses, damage, costs, charges,
i. That the Borrower has good right to hypothecate and charge committed by the Borrower, in the discharge of the Borrower’s or collection by the bank of all such amounts plus additional to interpretation of these presents or of any clause or provision
* Limited, a (Rupees Only) extent of the full market value thereof and punctually pay the expenses, and liability of any kind or nature whatsoever, which
the Hypothecated Assets by way of first charge as aforesaid obligations in relation to the Loan or other transactions, as interest, tax, liquidated damages, commissions, costs, charges thereof. This shall not, however, limit the rights of Bank to take
advanced/ agreed to be lent and advanced by the Bank to the premium due for such insurance and that cover note(s) or the the Bank may suffer, sustain, incur, or be exposed to in respect
company incorporated under the Companies Act, 1956 and having its the Bank may deem appropriate and necessary to disclose and expenses at such rates as may be prevailing or fixed or to proceedings in any other court of competent jurisdiction including,
insurance policy / policies or certificate(s) shall be deposited and declares that the same is fully paid for and the same is of or relating to their Hypothecated Assets.
registered office at Borrower (hereinafter referred to as the ‘said loan’), the Borrower and furnish, to Reserve Bank of India (“RBI”) and/or to Credit be fixed by the Bank from time to time without any reference, but not limited to, the courts of .
by the Borrower with the Bank. and shall be always free from any other claim either by way
hereby covenants with the bank to repay the said loan, by 13. The Borrower shall hereby agree/s to pay on demand all costs, Information Bureau (India) Ltd and/or to any other agency or body notice or intimation by the Bank at any time whatsoever.
(hereinafter of lien, pledge, charge, hypothecation or otherwise and as to 33. Any waiver of forbearance or delay on the part of Bank to
installment in the manner stated in the Schedule - I hereunder ii. If the Borrower fail/s to effect such insurance or to inform the charges and expenses that may be incurred or suffered by the as authorized in this behalf by RBI, to other banks and lenders
referred to as “Borrower”, which expression shall include its executors, future machineries and assets included in the Hypothecated 27. The Bank shall be entitled, at any time, and from time to time insist upon the performance of any terms and conditions of this
written. In the event of failure to pay any one installment on the Bank of having done so, the Bank may, but without being Bank in the execution or carrying into effect or in enforcing of including assignees and potential assignees, to its professional
administrators, successors and permitted assigns as the case may be) Assets hereby secured the same shall be the absolute and without any notice, reference, consent or intimation to Borrower to Agreement, or to exercise any right or privilege conferred in this
due date the entire amount shall at the option of the Bank become bound to do so, insure the Hypothecated Assets against this agreement or in relation to the exercise of any power of sale advisers and consultants and to its service providers instructed
unencumbered property of the Borrower with full power of adjust, appropriate or set-off any credit balance or any part thereof Agreement, or to demand any penalties resulting from any breach
[To be used in case the Borrower is a Company] due and payable immediately. any one or more of the aforesaid risks as may be deemed or any other power herein or in other document contained or in by it in relation to the Facilities, and/or as required under law
disposition. due or to become due to me/us in any of the Bank’s branches in of any of the terms or conditions of this shall not be construed as
2. i. The Borrower further covenant/s with the Bank to necessary by the Bank in its absolute discretion and debit the relation to any act, matter or thing arising out of this agreement or any applicable regulation, at the order of a court of law, or at
OR ii. That during the subsistence of these presents the Borrower Borrower’s name/s or before or after the maturity dates thereof a waiver on the part of Bank of any of the terms or conditions of
pay in the meantime interest on the said loan of Rs. premium and other charges to the loan account or accounts or of and incidental thereto together with interest thereon at the the request or order of any statutory, regulatory or supervisory
will not create without the Bank’s prior written consent any towards satisfaction or part satisfaction of outstanding debt, this Agreement or of any of its rights or privileges or of any other
* M/s. or such sum of the Borrower maintained by the Bank, and the Borrower rate herein provided and further agree/s that until payment thereof authority with whom it customarily complies.
other debt nor any pledge, hypothecation, mortgage, charge, balance due or become due by borrower to the Bank in any default on the part of the Borrower, and all original rights and
a partnership firm, duly registered under the Indian Partnership as may be due by the Borrower to the Bank from time to time hereby agree/s to pay such amounts to the Bank forthwith on the same shall form a part of the moneys hereby secured.
lien or encumbrances upon or in respect of the Hypothecated 23. The Borrower undertakes and covenants that it shall provide all account at any of the Bank’s branches whatsoever. powers of Bank under this Agreement will remain in full force,
Act, 1932 consisting of Mr./Ms. in respect of the said loan, at the rate of % with demand with interest thereon, at the rate mentioned above 14. Any demand or notice to be made or given to the Borrower may
Assets or any part thereof in any manner whatsoever (whether information, including information regarding other credit facilities notwithstanding any such forbearance or delay.
monthly rests to be taken and such interest to be paid at the and the said amount shall stand charged on the Hypothecated 28. Without prejudice to Bank’s absolute right in its uncontrolled
, be made or given by leaving the same at or posting the same enjoyed by the Borrower, as and when required by the Bank. The
Assets till repayment. by way of specific charge or floating charge or otherwise) in discretion to adjust, appropriate or set-off at any time and from 34. If at any time provision hereof is or becomes illegal, invalid or
Mr./Ms. end of each month of each year till the entire loan and interest by post in an envelope under certificate of posting addressed to Borrower declares that the information furnished to the Bank from
favor of any person, firm or Company other than the Bank. time to time any amount received or to be received by the Bank unenforceable under the law, neither the legality, validity or
thereon is repaid in full by the Borrowers. iii. In the event of loss, destruction or damage by fire, accident, the Borrower or any of the Borrower at their place of business, time to time is and shall be true and correct.
The Borrower will not part with possession, or give on hire, from me/us to the Bank in any account at any of the Bank’s enforceability of the remaining provisions hereof nor the legality,
and burglary or otherwise to the Hypothecated Assets or any residence or office, or affixed on the Hypothecated Assets and
ii. The Borrower hereby agree that in the event of failure to lease, leave and license or conducting arrangement or The Borrower: branches whatsoever, any amount received or to be received by validity or enforceability of other provisions shall in any way be
Mr./Ms. pay any installment of interest on its due date such interest part thereof the Bank shall be entitled to recover and receive every such demand or notice shall be deemed to be received
otherwise deal with the Hypothecated Assets or any part the Bank may first be appropriated by the Bank towards costs, affected or impaired thereby.
shall be capitalized and will carry interest at the same rate the moneys receivable in respect of such insurance. It is as the case may be at the time at which it is left or at the time i. accepts that RBI or Credit Information Bureau (India) Ltd. and
thereof (except in the regular course of business and only charges and expenses incurred by the Bank and thereafter
as is applicable to the said loan in addition to charging penal hereby agreed that in the event of the Bank not making any at which it should have been delivered in the ordinary course of any other agency so authorized, any statutory, regulatory or 35. This Agreement and any other documents attached hereto
as partners thereof and having its principal office at until notice is received from the Bank of its intention, to towards interest and surplus amount, if any, thereafter be
interest at the rate mentioned in the Schedule I hereunder, claim against the Insurance Company or in the event of the post. supervisory authority or other lenders, may use, process, or referred to herein, integrate all the terms and conditions
(hereinafter referred enforce its rights for realization of the security hereunder) appropriated by the Bank towards Principal amount due to the
from the date of default to the date of actual payment of the Bank not receiving the amount receivable in respect of such disseminate the said information and data disclosed by the mentioned herein or incidental hereto and supersedes all oral
and will not permit or suffer to be done any act, deed, matter 15. Notwithstanding anything contained herein the Borrower hereby Bank.
to as “Borrower”, which expression shall unless it be repugnant to defaulted amount and will be treated as an advance secured insurance either wholly or partially for any reason whatever Bank in such manner as deemed fit by them in any particular negotiations and prior writings in respect of the subject matter
or thing which may adversely affect or in any way prejudice covenant/s that the Bank may by notice require the Borrower
the meaning or context thereof mean and include its partners for the by these presents. In default of regular payment of interest the Borrower shall be bound to pay forthwith the balance due circumstances; and 29. Borrower has not and shall not induct any person as a director on hereof, except for those provisions of the Agreement, sanction
the security and/or the rights of the Bank hereunder. forthwith to discharge in full their liability to the Bank in respect
time being of the said firm and/or the surviving partners, and the heirs, on the due dates compounded interest at the rate of ___% to the Bank on demand. its Board of Directors, who is a promoter or director on the Board letter, security documents issued or executed prior to this
of the loan hereby secured in the following events, namely : ii. shall not hold the Bank at all responsible or liable in this
executors, administrators and legal representatives of each deceased iii. The Borrower shall not make any alterations in or to the of a company, which has been identified as a willful defaulter Agreement which are in addition to and complement to, and are
p.a. shall become payable on monies due. regard.
partner as the case may be) Hypothecated Assets except in the course of ordinary repairs, i. If it appears to the Bank that false or misleading information as per guidelines issued by Reserve Bank of India. Borrower not the same or in conflict with, the terms of this Agreement.
iii. The Borrower agrees that the Bank shall at any time or from iv. All the sums of money recovered or received under the last without prior written permission of the Bank and shall not in any material particular was given in the application made It is agreed by the Borrower, that without prejudice to any further undertakes that in case, such a person is found to be on In the event of any conflict between the terms, conditions and
[To be used in case the Borrower is a Partnership Firm] time to time be entitled to change the rate of interest additional preceding sub-clause may, at the option of the Bank, be applied remove or change or allow to be removed or change the by the Borrower to the Bank for the loan hereby secured, or rights of the Bank, all acts / steps as are necessary for the the Board of the borrower company, it would take expeditious provisions of this Agreement and any other agreements or
OR interest and periodicity of charging interest mentioned herein either towards repairs or reinstatement of the Hypothecated identification numbers on the engine and/or chassis of the in this agreement, or Bank to take in order to monitor the Loan and utilization and effective steps for removal of the person from its Board. documents attached hereto or referred to herein, then in such
above, as per Reserve Bank of India guidelines and/ or as per Assets or towards the liquidation and satisfaction of the balance Hypothecated Assets or use the accessories except for thereof and/or the obligations of the Borrower and /or the (Applicable in case of Company) event, the terms, conditions and provisions of this Agreement
* Mr./Mrs. proprietor of ii. If the Borrower commits any breach of any of the terms and
policy of the Bank, and notify such changes to the Borrower due to the Bank in respect of the said loan and if any surplus shall purpose of running the Hypothecated Assets. Borrower’s compliance with the terms thereof and / or to shall prevail.
conditions contained herein above, or 30. Borrower further declares that they have neither directly or
M/s. and this Agreement shall be construed as if such revised rate remain in the hands of the Bank after such application thereof recover amounts due to the Bank or any part or portion
iv. The Borrower shall notify the Bank of any accident, loss or indirectly agreed to pay nor paid any commission or brokerage
of interest be always mentioned herein and agreed to be paid as aforesaid, such surplus shall remain at the disposal of the iii. If there is any reasonable apprehension that the Borrower thereof, shall and/or may be carried out by and / or through
having its office at damage to the Hypothecated Assets or any accident, loss or
by the Borrower and hereby secured. Bank towards satisfaction of any other dues of the Borrower to is/are unable to pay their debts or legal proceedings are such other person (including a company or body corporate)
(hereinafter referred damage involving a third party as soon as it shall occur, and
the Bank in so far as it shall extend. taken against the Borrower or any of them or for attaching, as may from time to time be appointed by the Bank in respect
3. For the consideration aforesaid the Borrower hereby hypothecates shall also inform the Insurance Company about the same
to as “Borrower”, which expression shall include his heirs, executors, restraining or taking possession of the Hypothecated Assets thereof and that the Bank will at all times be entitled to share
by way of first charge with the Bank the vehicle described in and shall take all necessary steps for receiving the amount
administrators, successors and permitted assigns as the case may be) or for the Borrowers’ winding up or adjudication as insolvent with any such other person that may thus be appointed by
general terms in the SCHEDULE - II hereunder written together from the insurer.
[To be used in case the Borrower is a Proprietorship Concern] 6. It is specifically agreed that in the event of the Borrower or the Bank, all documents statements of accounts and other
with spare parts and all accessories, equipments, tools, tyres,
committing any breach of any of the covenants contained v. The Borrower shall not commit or permit to be committed information of whatsoever nature pertaining to the Borrower
(* delete whichever is not applicable) batteries and wheels which now or hereafter from time to time iv. If for any reason it is necessary in the opinion of the Bank
herein or in the event of the Hypothecated Assets being lost, any breaches of law and shall alone be responsible for any and/or the Facilities. Further, the Borrower expressly
during this security shall be brought in or fitted to the vehicle/s to protect the interests of the Bank or if the security hereby
hereinafter called the ‘Borrower’ (which expression shall unless destroyed, damaged or deteriorated in value in the opinion of breaches of law committed by the Borrower as well as its recognizes and accepts that the Bank shall, without prejudice
or be in or about the premises, garages or places utilized by the created is in jeopardy.
repugnant to the context or meaning there of include his heirs, executors, the Bank, the Bank shall be entitled to take possession of the employees and for all claims made by third parties in respect to its rights to perform such activities either itself or through
said Borrower for keeping the said vehicle/s, hereinafter referred
administrators & assigns). Hypothecated Assets without intervention of the Court and/or of loss or damage caused by the Hypothecated Assets 16. No changes whatsoever that may take place in the constitution or its officers or servants, be absolutely entitled and have full
to as “the Hypothecated Assets”, as security for payment by
to sell the Hypothecated Assets by inviting offers, quotations or and shall keep the Bank indemnified against all claims and management of the Borrower or the Bank (whether by liquidation, power and authority to appoint one or more third parties of
AND the Borrower to the Bank of the loan balance due to the Bank
by private negotiations and either through or outside court, and demand made against it in respect of any such breach of or amalgamation or otherwise) shall impair or discharge the liability the Bank’s choice and to transfer or delegate to such third
at any time (as recorded in the books of account of the Bank)
RBL BANK LIMITED, a company incorporated under the Indian to appropriate the net sale proceeds thereof towards recovery loss or damage. of the Borrower hereunder or the security hereby created. parties the right and authority to collect on behalf of the Bank
of all moneys advanced by the Bank to the Borrower in respect
Companies Act, 1913 and an existing Company within the purview of the said loan and for payment of all amount of interest, of the balance due to the Bank by the Borrower. The Borrower vi. The Borrower shall not use or permit the Hypothecated Assets 17. The Borrower hereby agree/s on demand by the Bank in that all unpaid amounts and to perform and execute all acts,
of the Companies Act, 1956 and registered with the Reserve Bank of costs, expenses and liabilities due by the Borrower to the Bank undertakes to handover peaceful possession of the Hypothecated to be used for any purpose other than the one for which it is behalf to execute at their own costs in all respects such further deeds, matters and things connected therewith or incidental
India as Scheduled Commercial Bank and having its registered office at hereunder. The expression “the balance due to the Bank”, in this Assets to the Bank whenever demanded, and hereby agree that licensed for or in contravention of any law or rule having the documents in favor of the Bank as may be necessary or advisable thereto including receiving the amounts due, and generally
RBL Bank Ltd., 1st Lane, Shahupuri, Kolhapur - 416 001, Maharashtra, and the subsequent clauses of this Agreement shall be taken to the Bank will not be liable or responsible for any involuntary loss force of law and shall not carry any contraband or smuggled to further assure the Hypothecated Assets in favor of the Bank performing all lawful acts as the third party may consider
India and administrative office at “MAHAVEER”, Shri Shahu Market include the balance of the moneys from time to time due under the or damage that may result due to or in taking possession of and goods and shall indemnify and keep the Bank indemnified including signing of RTO forms to enable easy transfer of vehicle. appropriate for such purposes.
Yard Shahupuri, Kolhapur – 416 005 (hereinafter referred to as “the loan account of the Borrower with the Bank and also including but selling the Hypothecated Assets. The Borrower agree/s to accept against any loss or action in respect of such wrongful use 18. This Agreement shall operate as a continuing security for the 24. The Borrower shall pay on demand to the Bank the costs between
Bank” which expression shall, unless it be repugnant to the context not limited to Principal interest, additional interest and all interest as correct the account of expenses incurred and amounts realized and contravention. balance due to the Bank from time to time and all other moneys attorney/advocate and client incurred by it in connection with
or meaning thereof, be deemed to mean and include its successors in thereon and the amount of all charges and expenses which the by the Bank by such sale of the Hypothecated Assets.
vii. The Borrower shall get the Hypothecated Assets inspected on due by the Borrower to the Bank under any other accounts. the preparation, engrossment and stamping and execution of
interest, assigns, holding or subsidiary company and/or associates). Bank may have paid or incurred in any way in connection with 7. That if the net sum realized by such sale be insufficient to satisfy due dates of inspection fixed by the Registration Authorities these presents in original and of any guarantee or other security
the hypothecated assets or the sale or disposal thereof. the balance then due to the Bank, the Bank shall be at liberty 19. The Borrower shall abide by all terms and conditions as specified executed contemporaneously herewith in connection with the
WHEREAS the Borrower has requested the Bank to grant to the Borrower and shall comply with all laws, rules and regulations from time
to sue the Borrower for the balance thereof. Nothing herein in sanction letter including general and special covenants Loan hereby secured and of the registration of this security with
a loan of Rs. 4. The Borrower shall permit the Bank, its agents, officials and to time in force applicable to the Hypothecated Assets and mentioned therein, which shall form part and parcel of this
technical experts from time to time to enter upon any building, contained shall be deemed to negatively qualify or otherwise their business. The Borrower shall keep their road permits, the Registrar of Companies and all other costs (between attorney/
(Rupees prejudice the right of the Bank to recover from the Borrower the Agreement as if incorporated herein. advocate and clients), incurred or to be incurred by the Bank

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 garages and / or any places where the hypothecated assets or entire amount due under the loan account notwithstanding that all license and registration in full force and effective by paying 20. The Bank may, in its sole discretion, permit prepayment of the in connection herewith or with the enforcement or realization or any consideration to the director/s for standing him / them as
any spares or equipments thereof may be and to view inspect or any of the said Hypothecated Assets have not been realized. punctually the required taxes and observing the rules and loan at the request of Borrower subject to the Borrower paying or attempted enforcement or realization of the security hereby guarantor/s and that Borrower will not pay any such consideration
and evaluate the same and take inventories thereof and to regulations. The Borrower shall not change their area of prepayment charges calculated on the amount due under the created or the protection or defense or perfection thereof or to him / them for the same.
8. That after taking possession of the Hypothecated Assets, the
inspect the accounts and papers to ensure the efficient working operation without written consent of the Bank. loan at the rate as may be decided by the Bank from time to time. for the recovery of any monies hereby secured and of all suits
Bank shall not be responsible, notwithstanding anything to the 31. The Borrower hereby agrees that the Bank shall be at liberty
of the Borrower’s business and the hypothecated assets and and proceedings or whatsoever nature for the enforcement or
contrary containing in Section 151 of the Indian Contract Act, viii. The Borrower shall punctually pay all rents, taxes, outgoing 21. The Bank may, in its absolute discretion and without any further to transfer the said account from one branch to another branch
the Borrower shall render to the Bank and to its agents, officials realization of the security hereby created or the recovery of such
for any loss or deterioration of, or damage to the Hypothecated and other charges in respect of the premises in which the notice to the Borrower, grant / transfer / assign to any person / of the Bank as per the administrative convenience of the Bank.
and representatives all facilities as may be required for any of monies or otherwise in connection herewith.
LOAN CUM HYPOTHECATION OF VEHICLE the purposes aforesaid. The Borrower shall carry out all the
Assets whether by theft, fire, rain, flood, earthquake, lightning, Hypothecated Assets are parked or kept. Bank / financial institution, any of its rights under this Agreement The Bank shall give prior notice to the Borrower about the
accident or any other cause whatever. and other documents executed by the Borrower and of the terms 25. The Bank shall be entitled at its discretion to maintain separate intended transfer of the said account. The Borrower hereby
suggestions and directions that may be given by the Bank in ix. The Borrower shall at their expense keep the Hypothecated
attached thereto, including the right to receive the balance under accounts in the books in respect of the unpaid installments of agrees and confirms that such transfer of the said account is not
that behalf and shall bear and pay all fees and expenses that the 9. Nothing herein contained shall prejudice or affect any general Assets in marketable and good working condition and will
THIS Loan cum hypothecation agreement is made at Only) for the purpose of purchase of loan and in particular may grant / transfer / assign such rights principal and / or interest for the purpose of effective control to be considered as closed and all the documents, guarantee/s,
Bank shall be entitled to incur the same and debit the same to or special lien to which the Bank shall by law or otherwise be promptly carry out replacements and repairs as may be
on (“Agreement”) by way of charge or as a security to any person to whom such and monitoring of recovery thereof. The Borrower hereby securities and the charge of the Bank on Hypothecated Assets will
which the Bank, vide its the loan account which shall carry interest thereon at the rate of entitled or operate to prejudice its rights and remedies in respect necessary for keeping the Hypothecated Assets in running
rights are granted / transferred / assigned shall be entitled to the acknowledges that he / they shall be liable to repay such continue unaffected until all the amounts remaining unpaid under
BETWEEN interest specified hereinabove till payment thereof and the same of any present or future security or guarantee for any obligation, condition. The Borrower further agree/s to pay and discharge
application form dated , has agreed to do on the full benefit of such rights. This Agreement shall be binding upon outstanding amounts as due and payable hereunder and shall the said account as transferred to the other branch are repaid
shall be a charge on the Hypothecated Assets for due payment indebtedness or liability of the Borrower to the Bank. punctually all the taxes, duties and outgoings that may
Borrower agreeing to repay the said loan with interest as hereinafter the Borrower and shall ensure for the benefit of the Bank and its continue to be secured by the security created hereunder. in full. The Borrower shall continue to enjoy the credit facility on
* Mr./Mrs. son/ of all such amounts to the Bank. become due and payable from time to time in respect of the
mentioned and on the Borrowers securing repayment of the said loan 10. The Borrower agree/s to accept as conclusive proof of the successors in title and assigns. the same terms and conditions at the transferee branch.
daughter/wife of Mr. Hypothecated Assets either to the Government or Municipal 26. Notwithstanding, the Bank’s decision / action / policy, if any, to
with interest, costs, charges, expenses etc., to the Bank by hypothecation 5. i. The Borrower shall at all times during the continuance of correctness of any sums / claimed to be due from the Borrower
residing at or local authority or otherwise howsoever. 22. The Borrower accepts, confirms and consents for the disclosure reverse any debit entry or not to debit interest or not to make any 32. It has been agreed between the parties hereto that in case of
of the Borrowers’ vehicle described in the second schedule hereunder this security and from time to time insure the Hypothecated to the Bank under this agreement, a statement of account made
and sharing by the Bank of all or any information and data debit entry in bank’s books or ledger accounts or in statement of any dispute the governing laws shall be Indian and that the
(hereinafter referred written and on the terms and in the manner hereinafter contained. Assets and keep it insured against loss or damage by fire, out from the Books of the Bank and signed by the manager/ 12. The Borrower shall indemnify absolutely, unconditionally and fully
relating to the Borrower, the Loan, any other transactions that account or any account, for any period whatsoever, the Borrowers Courts / Tribunals alone shall
to as “Borrower”, which expression shall include his heirs, executors, riot, burglary, civil commotion, strikes and other risks and accountant or other duly authorized officer of the Bank without and at all times keep indemnified saved, defended and harmless
NOW THIS AGREEMENT WITHNESSETH as follows: the Borrower has with the Bank, the Borrower’s account, and the shall be bound and liable to pay jointly or severally to the Bank, have exclusive jurisdiction in respect of any matter, claim or
administrators, successors and permitted assigns as the case may be) take out comprehensive insurance policy from the General the production of any other voucher, documents or paper. the Bank against all claims, demand, right, action proceedings of
1. In pursuance of the said agreement and in consideration of agreements and documents related to the Loan and transactions, the entire outstanding debit balance and compound interest dispute arising out of or in any way relating to these presents or
Insurance Corporation or any other insurer acceptable to the whatsoever kind or nature made, taken, filed by any person or
[To be used in case the Borrower is an Individual] 11. The Borrower hereby covenant with the Bank as follows : including but not limited to information relating to default, if any, thereon with monthly rests till the date of realization, recovery to anything to be done pursuant to these presents or in regard
the sum of Rs. Bank, in the joint names of the Bank and the Borrower to the party and against all and any losses, damage, costs, charges,
i. That the Borrower has good right to hypothecate and charge committed by the Borrower, in the discharge of the Borrower’s or collection by the bank of all such amounts plus additional to interpretation of these presents or of any clause or provision
* Limited, a (Rupees Only) extent of the full market value thereof and punctually pay the expenses, and liability of any kind or nature whatsoever, which
the Hypothecated Assets by way of first charge as aforesaid obligations in relation to the Loan or other transactions, as interest, tax, liquidated damages, commissions, costs, charges thereof. This shall not, however, limit the rights of Bank to take
advanced/ agreed to be lent and advanced by the Bank to the premium due for such insurance and that cover note(s) or the the Bank may suffer, sustain, incur, or be exposed to in respect
company incorporated under the Companies Act, 1956 and having its the Bank may deem appropriate and necessary to disclose and expenses at such rates as may be prevailing or fixed or to proceedings in any other court of competent jurisdiction including,
insurance policy / policies or certificate(s) shall be deposited and declares that the same is fully paid for and the same is of or relating to their Hypothecated Assets.
registered office at Borrower (hereinafter referred to as the ‘said loan’), the Borrower and furnish, to Reserve Bank of India (“RBI”) and/or to Credit be fixed by the Bank from time to time without any reference, but not limited to, the courts of .
by the Borrower with the Bank. and shall be always free from any other claim either by way
hereby covenants with the bank to repay the said loan, by 13. The Borrower shall hereby agree/s to pay on demand all costs, Information Bureau (India) Ltd and/or to any other agency or body notice or intimation by the Bank at any time whatsoever.
(hereinafter of lien, pledge, charge, hypothecation or otherwise and as to 33. Any waiver of forbearance or delay on the part of Bank to
installment in the manner stated in the Schedule - I hereunder ii. If the Borrower fail/s to effect such insurance or to inform the charges and expenses that may be incurred or suffered by the as authorized in this behalf by RBI, to other banks and lenders
referred to as “Borrower”, which expression shall include its executors, future machineries and assets included in the Hypothecated 27. The Bank shall be entitled, at any time, and from time to time insist upon the performance of any terms and conditions of this
written. In the event of failure to pay any one installment on the Bank of having done so, the Bank may, but without being Bank in the execution or carrying into effect or in enforcing of including assignees and potential assignees, to its professional
administrators, successors and permitted assigns as the case may be) Assets hereby secured the same shall be the absolute and without any notice, reference, consent or intimation to Borrower to Agreement, or to exercise any right or privilege conferred in this
due date the entire amount shall at the option of the Bank become bound to do so, insure the Hypothecated Assets against this agreement or in relation to the exercise of any power of sale advisers and consultants and to its service providers instructed
unencumbered property of the Borrower with full power of adjust, appropriate or set-off any credit balance or any part thereof Agreement, or to demand any penalties resulting from any breach
[To be used in case the Borrower is a Company] due and payable immediately. any one or more of the aforesaid risks as may be deemed or any other power herein or in other document contained or in by it in relation to the Facilities, and/or as required under law
disposition. due or to become due to me/us in any of the Bank’s branches in of any of the terms or conditions of this shall not be construed as
2. i. The Borrower further covenant/s with the Bank to necessary by the Bank in its absolute discretion and debit the relation to any act, matter or thing arising out of this agreement or any applicable regulation, at the order of a court of law, or at
OR ii. That during the subsistence of these presents the Borrower Borrower’s name/s or before or after the maturity dates thereof a waiver on the part of Bank of any of the terms or conditions of
pay in the meantime interest on the said loan of Rs. premium and other charges to the loan account or accounts or of and incidental thereto together with interest thereon at the the request or order of any statutory, regulatory or supervisory
will not create without the Bank’s prior written consent any towards satisfaction or part satisfaction of outstanding debt, this Agreement or of any of its rights or privileges or of any other
* M/s. or such sum of the Borrower maintained by the Bank, and the Borrower rate herein provided and further agree/s that until payment thereof authority with whom it customarily complies.
other debt nor any pledge, hypothecation, mortgage, charge, balance due or become due by borrower to the Bank in any default on the part of the Borrower, and all original rights and
a partnership firm, duly registered under the Indian Partnership as may be due by the Borrower to the Bank from time to time hereby agree/s to pay such amounts to the Bank forthwith on the same shall form a part of the moneys hereby secured.
lien or encumbrances upon or in respect of the Hypothecated 23. The Borrower undertakes and covenants that it shall provide all account at any of the Bank’s branches whatsoever. powers of Bank under this Agreement will remain in full force,
Act, 1932 consisting of Mr./Ms. in respect of the said loan, at the rate of % with demand with interest thereon, at the rate mentioned above 14. Any demand or notice to be made or given to the Borrower may
Assets or any part thereof in any manner whatsoever (whether information, including information regarding other credit facilities notwithstanding any such forbearance or delay.
monthly rests to be taken and such interest to be paid at the and the said amount shall stand charged on the Hypothecated 28. Without prejudice to Bank’s absolute right in its uncontrolled
, be made or given by leaving the same at or posting the same enjoyed by the Borrower, as and when required by the Bank. The
Assets till repayment. by way of specific charge or floating charge or otherwise) in discretion to adjust, appropriate or set-off at any time and from 34. If at any time provision hereof is or becomes illegal, invalid or
Mr./Ms. end of each month of each year till the entire loan and interest by post in an envelope under certificate of posting addressed to Borrower declares that the information furnished to the Bank from
favor of any person, firm or Company other than the Bank. time to time any amount received or to be received by the Bank unenforceable under the law, neither the legality, validity or
thereon is repaid in full by the Borrowers. iii. In the event of loss, destruction or damage by fire, accident, the Borrower or any of the Borrower at their place of business, time to time is and shall be true and correct.
The Borrower will not part with possession, or give on hire, from me/us to the Bank in any account at any of the Bank’s enforceability of the remaining provisions hereof nor the legality,
and burglary or otherwise to the Hypothecated Assets or any residence or office, or affixed on the Hypothecated Assets and
ii. The Borrower hereby agree that in the event of failure to lease, leave and license or conducting arrangement or The Borrower: branches whatsoever, any amount received or to be received by validity or enforceability of other provisions shall in any way be
Mr./Ms. pay any installment of interest on its due date such interest part thereof the Bank shall be entitled to recover and receive every such demand or notice shall be deemed to be received
otherwise deal with the Hypothecated Assets or any part the Bank may first be appropriated by the Bank towards costs, affected or impaired thereby.
shall be capitalized and will carry interest at the same rate the moneys receivable in respect of such insurance. It is as the case may be at the time at which it is left or at the time i. accepts that RBI or Credit Information Bureau (India) Ltd. and
thereof (except in the regular course of business and only charges and expenses incurred by the Bank and thereafter
as is applicable to the said loan in addition to charging penal hereby agreed that in the event of the Bank not making any at which it should have been delivered in the ordinary course of any other agency so authorized, any statutory, regulatory or 35. This Agreement and any other documents attached hereto
as partners thereof and having its principal office at until notice is received from the Bank of its intention, to towards interest and surplus amount, if any, thereafter be
interest at the rate mentioned in the Schedule I hereunder, claim against the Insurance Company or in the event of the post. supervisory authority or other lenders, may use, process, or referred to herein, integrate all the terms and conditions
(hereinafter referred enforce its rights for realization of the security hereunder) appropriated by the Bank towards Principal amount due to the
from the date of default to the date of actual payment of the Bank not receiving the amount receivable in respect of such disseminate the said information and data disclosed by the mentioned herein or incidental hereto and supersedes all oral
and will not permit or suffer to be done any act, deed, matter 15. Notwithstanding anything contained herein the Borrower hereby Bank.
to as “Borrower”, which expression shall unless it be repugnant to defaulted amount and will be treated as an advance secured insurance either wholly or partially for any reason whatever Bank in such manner as deemed fit by them in any particular negotiations and prior writings in respect of the subject matter
or thing which may adversely affect or in any way prejudice covenant/s that the Bank may by notice require the Borrower
the meaning or context thereof mean and include its partners for the by these presents. In default of regular payment of interest the Borrower shall be bound to pay forthwith the balance due circumstances; and 29. Borrower has not and shall not induct any person as a director on hereof, except for those provisions of the Agreement, sanction
the security and/or the rights of the Bank hereunder. forthwith to discharge in full their liability to the Bank in respect
time being of the said firm and/or the surviving partners, and the heirs, on the due dates compounded interest at the rate of ___% to the Bank on demand. its Board of Directors, who is a promoter or director on the Board letter, security documents issued or executed prior to this
of the loan hereby secured in the following events, namely : ii. shall not hold the Bank at all responsible or liable in this
executors, administrators and legal representatives of each deceased iii. The Borrower shall not make any alterations in or to the of a company, which has been identified as a willful defaulter Agreement which are in addition to and complement to, and are
p.a. shall become payable on monies due. regard.
partner as the case may be) Hypothecated Assets except in the course of ordinary repairs, i. If it appears to the Bank that false or misleading information as per guidelines issued by Reserve Bank of India. Borrower not the same or in conflict with, the terms of this Agreement.
iii. The Borrower agrees that the Bank shall at any time or from iv. All the sums of money recovered or received under the last without prior written permission of the Bank and shall not in any material particular was given in the application made It is agreed by the Borrower, that without prejudice to any further undertakes that in case, such a person is found to be on In the event of any conflict between the terms, conditions and
[To be used in case the Borrower is a Partnership Firm] time to time be entitled to change the rate of interest additional preceding sub-clause may, at the option of the Bank, be applied remove or change or allow to be removed or change the by the Borrower to the Bank for the loan hereby secured, or rights of the Bank, all acts / steps as are necessary for the the Board of the borrower company, it would take expeditious provisions of this Agreement and any other agreements or
OR interest and periodicity of charging interest mentioned herein either towards repairs or reinstatement of the Hypothecated identification numbers on the engine and/or chassis of the in this agreement, or Bank to take in order to monitor the Loan and utilization and effective steps for removal of the person from its Board. documents attached hereto or referred to herein, then in such
above, as per Reserve Bank of India guidelines and/ or as per Assets or towards the liquidation and satisfaction of the balance Hypothecated Assets or use the accessories except for thereof and/or the obligations of the Borrower and /or the (Applicable in case of Company) event, the terms, conditions and provisions of this Agreement
* Mr./Mrs. proprietor of ii. If the Borrower commits any breach of any of the terms and
policy of the Bank, and notify such changes to the Borrower due to the Bank in respect of the said loan and if any surplus shall purpose of running the Hypothecated Assets. Borrower’s compliance with the terms thereof and / or to shall prevail.
conditions contained herein above, or 30. Borrower further declares that they have neither directly or
M/s. and this Agreement shall be construed as if such revised rate remain in the hands of the Bank after such application thereof recover amounts due to the Bank or any part or portion
iv. The Borrower shall notify the Bank of any accident, loss or indirectly agreed to pay nor paid any commission or brokerage
of interest be always mentioned herein and agreed to be paid as aforesaid, such surplus shall remain at the disposal of the iii. If there is any reasonable apprehension that the Borrower thereof, shall and/or may be carried out by and / or through
having its office at damage to the Hypothecated Assets or any accident, loss or
by the Borrower and hereby secured. Bank towards satisfaction of any other dues of the Borrower to is/are unable to pay their debts or legal proceedings are such other person (including a company or body corporate)
(hereinafter referred damage involving a third party as soon as it shall occur, and
the Bank in so far as it shall extend. taken against the Borrower or any of them or for attaching, as may from time to time be appointed by the Bank in respect
3. For the consideration aforesaid the Borrower hereby hypothecates shall also inform the Insurance Company about the same
to as “Borrower”, which expression shall include his heirs, executors, restraining or taking possession of the Hypothecated Assets thereof and that the Bank will at all times be entitled to share
by way of first charge with the Bank the vehicle described in and shall take all necessary steps for receiving the amount
administrators, successors and permitted assigns as the case may be) or for the Borrowers’ winding up or adjudication as insolvent with any such other person that may thus be appointed by
general terms in the SCHEDULE - II hereunder written together from the insurer.
[To be used in case the Borrower is a Proprietorship Concern] 6. It is specifically agreed that in the event of the Borrower or the Bank, all documents statements of accounts and other
with spare parts and all accessories, equipments, tools, tyres,
committing any breach of any of the covenants contained v. The Borrower shall not commit or permit to be committed information of whatsoever nature pertaining to the Borrower
(* delete whichever is not applicable) batteries and wheels which now or hereafter from time to time iv. If for any reason it is necessary in the opinion of the Bank
herein or in the event of the Hypothecated Assets being lost, any breaches of law and shall alone be responsible for any and/or the Facilities. Further, the Borrower expressly
during this security shall be brought in or fitted to the vehicle/s to protect the interests of the Bank or if the security hereby
hereinafter called the ‘Borrower’ (which expression shall unless destroyed, damaged or deteriorated in value in the opinion of breaches of law committed by the Borrower as well as its recognizes and accepts that the Bank shall, without prejudice
or be in or about the premises, garages or places utilized by the created is in jeopardy.
repugnant to the context or meaning there of include his heirs, executors, the Bank, the Bank shall be entitled to take possession of the employees and for all claims made by third parties in respect to its rights to perform such activities either itself or through
said Borrower for keeping the said vehicle/s, hereinafter referred
administrators & assigns). Hypothecated Assets without intervention of the Court and/or of loss or damage caused by the Hypothecated Assets 16. No changes whatsoever that may take place in the constitution or its officers or servants, be absolutely entitled and have full
to as “the Hypothecated Assets”, as security for payment by
to sell the Hypothecated Assets by inviting offers, quotations or and shall keep the Bank indemnified against all claims and management of the Borrower or the Bank (whether by liquidation, power and authority to appoint one or more third parties of
AND the Borrower to the Bank of the loan balance due to the Bank
by private negotiations and either through or outside court, and demand made against it in respect of any such breach of or amalgamation or otherwise) shall impair or discharge the liability the Bank’s choice and to transfer or delegate to such third
at any time (as recorded in the books of account of the Bank)
RBL BANK LIMITED, a company incorporated under the Indian to appropriate the net sale proceeds thereof towards recovery loss or damage. of the Borrower hereunder or the security hereby created. parties the right and authority to collect on behalf of the Bank
of all moneys advanced by the Bank to the Borrower in respect
Companies Act, 1913 and an existing Company within the purview of the said loan and for payment of all amount of interest, of the balance due to the Bank by the Borrower. The Borrower vi. The Borrower shall not use or permit the Hypothecated Assets 17. The Borrower hereby agree/s on demand by the Bank in that all unpaid amounts and to perform and execute all acts,
of the Companies Act, 1956 and registered with the Reserve Bank of costs, expenses and liabilities due by the Borrower to the Bank undertakes to handover peaceful possession of the Hypothecated to be used for any purpose other than the one for which it is behalf to execute at their own costs in all respects such further deeds, matters and things connected therewith or incidental
India as Scheduled Commercial Bank and having its registered office at hereunder. The expression “the balance due to the Bank”, in this Assets to the Bank whenever demanded, and hereby agree that licensed for or in contravention of any law or rule having the documents in favor of the Bank as may be necessary or advisable thereto including receiving the amounts due, and generally
RBL Bank Ltd., 1st Lane, Shahupuri, Kolhapur - 416 001, Maharashtra, and the subsequent clauses of this Agreement shall be taken to the Bank will not be liable or responsible for any involuntary loss force of law and shall not carry any contraband or smuggled to further assure the Hypothecated Assets in favor of the Bank performing all lawful acts as the third party may consider
India and administrative office at “MAHAVEER”, Shri Shahu Market include the balance of the moneys from time to time due under the or damage that may result due to or in taking possession of and goods and shall indemnify and keep the Bank indemnified including signing of RTO forms to enable easy transfer of vehicle. appropriate for such purposes.
Yard Shahupuri, Kolhapur – 416 005 (hereinafter referred to as “the loan account of the Borrower with the Bank and also including but selling the Hypothecated Assets. The Borrower agree/s to accept against any loss or action in respect of such wrongful use 18. This Agreement shall operate as a continuing security for the 24. The Borrower shall pay on demand to the Bank the costs between
Bank” which expression shall, unless it be repugnant to the context not limited to Principal interest, additional interest and all interest as correct the account of expenses incurred and amounts realized and contravention. balance due to the Bank from time to time and all other moneys attorney/advocate and client incurred by it in connection with
or meaning thereof, be deemed to mean and include its successors in thereon and the amount of all charges and expenses which the by the Bank by such sale of the Hypothecated Assets.
vii. The Borrower shall get the Hypothecated Assets inspected on due by the Borrower to the Bank under any other accounts. the preparation, engrossment and stamping and execution of
interest, assigns, holding or subsidiary company and/or associates). Bank may have paid or incurred in any way in connection with 7. That if the net sum realized by such sale be insufficient to satisfy due dates of inspection fixed by the Registration Authorities these presents in original and of any guarantee or other security
the hypothecated assets or the sale or disposal thereof. the balance then due to the Bank, the Bank shall be at liberty 19. The Borrower shall abide by all terms and conditions as specified executed contemporaneously herewith in connection with the
WHEREAS the Borrower has requested the Bank to grant to the Borrower and shall comply with all laws, rules and regulations from time
to sue the Borrower for the balance thereof. Nothing herein in sanction letter including general and special covenants Loan hereby secured and of the registration of this security with
a loan of Rs. 4. The Borrower shall permit the Bank, its agents, officials and to time in force applicable to the Hypothecated Assets and mentioned therein, which shall form part and parcel of this
technical experts from time to time to enter upon any building, contained shall be deemed to negatively qualify or otherwise their business. The Borrower shall keep their road permits, the Registrar of Companies and all other costs (between attorney/
(Rupees prejudice the right of the Bank to recover from the Borrower the Agreement as if incorporated herein. advocate and clients), incurred or to be incurred by the Bank

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 garages and / or any places where the hypothecated assets or entire amount due under the loan account notwithstanding that all license and registration in full force and effective by paying 20. The Bank may, in its sole discretion, permit prepayment of the in connection herewith or with the enforcement or realization or any consideration to the director/s for standing him / them as
any spares or equipments thereof may be and to view inspect or any of the said Hypothecated Assets have not been realized. punctually the required taxes and observing the rules and loan at the request of Borrower subject to the Borrower paying or attempted enforcement or realization of the security hereby guarantor/s and that Borrower will not pay any such consideration
and evaluate the same and take inventories thereof and to regulations. The Borrower shall not change their area of prepayment charges calculated on the amount due under the created or the protection or defense or perfection thereof or to him / them for the same.
8. That after taking possession of the Hypothecated Assets, the
inspect the accounts and papers to ensure the efficient working operation without written consent of the Bank. loan at the rate as may be decided by the Bank from time to time. for the recovery of any monies hereby secured and of all suits
Bank shall not be responsible, notwithstanding anything to the 31. The Borrower hereby agrees that the Bank shall be at liberty
of the Borrower’s business and the hypothecated assets and and proceedings or whatsoever nature for the enforcement or
contrary containing in Section 151 of the Indian Contract Act, viii. The Borrower shall punctually pay all rents, taxes, outgoing 21. The Bank may, in its absolute discretion and without any further to transfer the said account from one branch to another branch
the Borrower shall render to the Bank and to its agents, officials realization of the security hereby created or the recovery of such
for any loss or deterioration of, or damage to the Hypothecated and other charges in respect of the premises in which the notice to the Borrower, grant / transfer / assign to any person / of the Bank as per the administrative convenience of the Bank.
and representatives all facilities as may be required for any of monies or otherwise in connection herewith.
LOAN CUM HYPOTHECATION OF VEHICLE the purposes aforesaid. The Borrower shall carry out all the
Assets whether by theft, fire, rain, flood, earthquake, lightning, Hypothecated Assets are parked or kept. Bank / financial institution, any of its rights under this Agreement The Bank shall give prior notice to the Borrower about the
accident or any other cause whatever. and other documents executed by the Borrower and of the terms 25. The Bank shall be entitled at its discretion to maintain separate intended transfer of the said account. The Borrower hereby
suggestions and directions that may be given by the Bank in ix. The Borrower shall at their expense keep the Hypothecated
attached thereto, including the right to receive the balance under accounts in the books in respect of the unpaid installments of agrees and confirms that such transfer of the said account is not
that behalf and shall bear and pay all fees and expenses that the 9. Nothing herein contained shall prejudice or affect any general Assets in marketable and good working condition and will
THIS Loan cum hypothecation agreement is made at Only) for the purpose of purchase of loan and in particular may grant / transfer / assign such rights principal and / or interest for the purpose of effective control to be considered as closed and all the documents, guarantee/s,
Bank shall be entitled to incur the same and debit the same to or special lien to which the Bank shall by law or otherwise be promptly carry out replacements and repairs as may be
on (“Agreement”) by way of charge or as a security to any person to whom such and monitoring of recovery thereof. The Borrower hereby securities and the charge of the Bank on Hypothecated Assets will
which the Bank, vide its the loan account which shall carry interest thereon at the rate of entitled or operate to prejudice its rights and remedies in respect necessary for keeping the Hypothecated Assets in running
rights are granted / transferred / assigned shall be entitled to the acknowledges that he / they shall be liable to repay such continue unaffected until all the amounts remaining unpaid under
BETWEEN interest specified hereinabove till payment thereof and the same of any present or future security or guarantee for any obligation, condition. The Borrower further agree/s to pay and discharge
application form dated , has agreed to do on the full benefit of such rights. This Agreement shall be binding upon outstanding amounts as due and payable hereunder and shall the said account as transferred to the other branch are repaid
shall be a charge on the Hypothecated Assets for due payment indebtedness or liability of the Borrower to the Bank. punctually all the taxes, duties and outgoings that may
Borrower agreeing to repay the said loan with interest as hereinafter the Borrower and shall ensure for the benefit of the Bank and its continue to be secured by the security created hereunder. in full. The Borrower shall continue to enjoy the credit facility on
* Mr./Mrs. son/ of all such amounts to the Bank. become due and payable from time to time in respect of the
mentioned and on the Borrowers securing repayment of the said loan 10. The Borrower agree/s to accept as conclusive proof of the successors in title and assigns. the same terms and conditions at the transferee branch.
daughter/wife of Mr. Hypothecated Assets either to the Government or Municipal 26. Notwithstanding, the Bank’s decision / action / policy, if any, to
with interest, costs, charges, expenses etc., to the Bank by hypothecation 5. i. The Borrower shall at all times during the continuance of correctness of any sums / claimed to be due from the Borrower
residing at or local authority or otherwise howsoever. 22. The Borrower accepts, confirms and consents for the disclosure reverse any debit entry or not to debit interest or not to make any 32. It has been agreed between the parties hereto that in case of
of the Borrowers’ vehicle described in the second schedule hereunder this security and from time to time insure the Hypothecated to the Bank under this agreement, a statement of account made
and sharing by the Bank of all or any information and data debit entry in bank’s books or ledger accounts or in statement of any dispute the governing laws shall be Indian and that the
(hereinafter referred written and on the terms and in the manner hereinafter contained. Assets and keep it insured against loss or damage by fire, out from the Books of the Bank and signed by the manager/ 12. The Borrower shall indemnify absolutely, unconditionally and fully
relating to the Borrower, the Loan, any other transactions that account or any account, for any period whatsoever, the Borrowers Courts / Tribunals alone shall
to as “Borrower”, which expression shall include his heirs, executors, riot, burglary, civil commotion, strikes and other risks and accountant or other duly authorized officer of the Bank without and at all times keep indemnified saved, defended and harmless
NOW THIS AGREEMENT WITHNESSETH as follows: the Borrower has with the Bank, the Borrower’s account, and the shall be bound and liable to pay jointly or severally to the Bank, have exclusive jurisdiction in respect of any matter, claim or
administrators, successors and permitted assigns as the case may be) take out comprehensive insurance policy from the General the production of any other voucher, documents or paper. the Bank against all claims, demand, right, action proceedings of
1. In pursuance of the said agreement and in consideration of agreements and documents related to the Loan and transactions, the entire outstanding debit balance and compound interest dispute arising out of or in any way relating to these presents or
Insurance Corporation or any other insurer acceptable to the whatsoever kind or nature made, taken, filed by any person or
[To be used in case the Borrower is an Individual] 11. The Borrower hereby covenant with the Bank as follows : including but not limited to information relating to default, if any, thereon with monthly rests till the date of realization, recovery to anything to be done pursuant to these presents or in regard
the sum of Rs. Bank, in the joint names of the Bank and the Borrower to the party and against all and any losses, damage, costs, charges,
i. That the Borrower has good right to hypothecate and charge committed by the Borrower, in the discharge of the Borrower’s or collection by the bank of all such amounts plus additional to interpretation of these presents or of any clause or provision
* Limited, a (Rupees Only) extent of the full market value thereof and punctually pay the expenses, and liability of any kind or nature whatsoever, which
the Hypothecated Assets by way of first charge as aforesaid obligations in relation to the Loan or other transactions, as interest, tax, liquidated damages, commissions, costs, charges thereof. This shall not, however, limit the rights of Bank to take
advanced/ agreed to be lent and advanced by the Bank to the premium due for such insurance and that cover note(s) or the the Bank may suffer, sustain, incur, or be exposed to in respect
company incorporated under the Companies Act, 1956 and having its the Bank may deem appropriate and necessary to disclose and expenses at such rates as may be prevailing or fixed or to proceedings in any other court of competent jurisdiction including,
insurance policy / policies or certificate(s) shall be deposited and declares that the same is fully paid for and the same is of or relating to their Hypothecated Assets.
registered office at Borrower (hereinafter referred to as the ‘said loan’), the Borrower and furnish, to Reserve Bank of India (“RBI”) and/or to Credit be fixed by the Bank from time to time without any reference, but not limited to, the courts of .
by the Borrower with the Bank. and shall be always free from any other claim either by way
hereby covenants with the bank to repay the said loan, by 13. The Borrower shall hereby agree/s to pay on demand all costs, Information Bureau (India) Ltd and/or to any other agency or body notice or intimation by the Bank at any time whatsoever.
(hereinafter of lien, pledge, charge, hypothecation or otherwise and as to 33. Any waiver of forbearance or delay on the part of Bank to
installment in the manner stated in the Schedule - I hereunder ii. If the Borrower fail/s to effect such insurance or to inform the charges and expenses that may be incurred or suffered by the as authorized in this behalf by RBI, to other banks and lenders
referred to as “Borrower”, which expression shall include its executors, future machineries and assets included in the Hypothecated 27. The Bank shall be entitled, at any time, and from time to time insist upon the performance of any terms and conditions of this
written. In the event of failure to pay any one installment on the Bank of having done so, the Bank may, but without being Bank in the execution or carrying into effect or in enforcing of including assignees and potential assignees, to its professional
administrators, successors and permitted assigns as the case may be) Assets hereby secured the same shall be the absolute and without any notice, reference, consent or intimation to Borrower to Agreement, or to exercise any right or privilege conferred in this
due date the entire amount shall at the option of the Bank become bound to do so, insure the Hypothecated Assets against this agreement or in relation to the exercise of any power of sale advisers and consultants and to its service providers instructed
unencumbered property of the Borrower with full power of adjust, appropriate or set-off any credit balance or any part thereof Agreement, or to demand any penalties resulting from any breach
[To be used in case the Borrower is a Company] due and payable immediately. any one or more of the aforesaid risks as may be deemed or any other power herein or in other document contained or in by it in relation to the Facilities, and/or as required under law
disposition. due or to become due to me/us in any of the Bank’s branches in of any of the terms or conditions of this shall not be construed as
2. i. The Borrower further covenant/s with the Bank to necessary by the Bank in its absolute discretion and debit the relation to any act, matter or thing arising out of this agreement or any applicable regulation, at the order of a court of law, or at
OR ii. That during the subsistence of these presents the Borrower Borrower’s name/s or before or after the maturity dates thereof a waiver on the part of Bank of any of the terms or conditions of
pay in the meantime interest on the said loan of Rs. premium and other charges to the loan account or accounts or of and incidental thereto together with interest thereon at the the request or order of any statutory, regulatory or supervisory
will not create without the Bank’s prior written consent any towards satisfaction or part satisfaction of outstanding debt, this Agreement or of any of its rights or privileges or of any other
* M/s. or such sum of the Borrower maintained by the Bank, and the Borrower rate herein provided and further agree/s that until payment thereof authority with whom it customarily complies.
other debt nor any pledge, hypothecation, mortgage, charge, balance due or become due by borrower to the Bank in any default on the part of the Borrower, and all original rights and
a partnership firm, duly registered under the Indian Partnership as may be due by the Borrower to the Bank from time to time hereby agree/s to pay such amounts to the Bank forthwith on the same shall form a part of the moneys hereby secured.
lien or encumbrances upon or in respect of the Hypothecated 23. The Borrower undertakes and covenants that it shall provide all account at any of the Bank’s branches whatsoever. powers of Bank under this Agreement will remain in full force,
Act, 1932 consisting of Mr./Ms. in respect of the said loan, at the rate of % with demand with interest thereon, at the rate mentioned above 14. Any demand or notice to be made or given to the Borrower may
Assets or any part thereof in any manner whatsoever (whether information, including information regarding other credit facilities notwithstanding any such forbearance or delay.
monthly rests to be taken and such interest to be paid at the and the said amount shall stand charged on the Hypothecated 28. Without prejudice to Bank’s absolute right in its uncontrolled
, be made or given by leaving the same at or posting the same enjoyed by the Borrower, as and when required by the Bank. The
Assets till repayment. by way of specific charge or floating charge or otherwise) in discretion to adjust, appropriate or set-off at any time and from 34. If at any time provision hereof is or becomes illegal, invalid or
Mr./Ms. end of each month of each year till the entire loan and interest by post in an envelope under certificate of posting addressed to Borrower declares that the information furnished to the Bank from
favor of any person, firm or Company other than the Bank. time to time any amount received or to be received by the Bank unenforceable under the law, neither the legality, validity or
thereon is repaid in full by the Borrowers. iii. In the event of loss, destruction or damage by fire, accident, the Borrower or any of the Borrower at their place of business, time to time is and shall be true and correct.
The Borrower will not part with possession, or give on hire, from me/us to the Bank in any account at any of the Bank’s enforceability of the remaining provisions hereof nor the legality,
and burglary or otherwise to the Hypothecated Assets or any residence or office, or affixed on the Hypothecated Assets and
ii. The Borrower hereby agree that in the event of failure to lease, leave and license or conducting arrangement or The Borrower: branches whatsoever, any amount received or to be received by validity or enforceability of other provisions shall in any way be
Mr./Ms. pay any installment of interest on its due date such interest part thereof the Bank shall be entitled to recover and receive every such demand or notice shall be deemed to be received
otherwise deal with the Hypothecated Assets or any part the Bank may first be appropriated by the Bank towards costs, affected or impaired thereby.
shall be capitalized and will carry interest at the same rate the moneys receivable in respect of such insurance. It is as the case may be at the time at which it is left or at the time i. accepts that RBI or Credit Information Bureau (India) Ltd. and
thereof (except in the regular course of business and only charges and expenses incurred by the Bank and thereafter
as is applicable to the said loan in addition to charging penal hereby agreed that in the event of the Bank not making any at which it should have been delivered in the ordinary course of any other agency so authorized, any statutory, regulatory or 35. This Agreement and any other documents attached hereto
as partners thereof and having its principal office at until notice is received from the Bank of its intention, to towards interest and surplus amount, if any, thereafter be
interest at the rate mentioned in the Schedule I hereunder, claim against the Insurance Company or in the event of the post. supervisory authority or other lenders, may use, process, or referred to herein, integrate all the terms and conditions
(hereinafter referred enforce its rights for realization of the security hereunder) appropriated by the Bank towards Principal amount due to the
from the date of default to the date of actual payment of the Bank not receiving the amount receivable in respect of such disseminate the said information and data disclosed by the mentioned herein or incidental hereto and supersedes all oral
and will not permit or suffer to be done any act, deed, matter 15. Notwithstanding anything contained herein the Borrower hereby Bank.
to as “Borrower”, which expression shall unless it be repugnant to defaulted amount and will be treated as an advance secured insurance either wholly or partially for any reason whatever Bank in such manner as deemed fit by them in any particular negotiations and prior writings in respect of the subject matter
or thing which may adversely affect or in any way prejudice covenant/s that the Bank may by notice require the Borrower
the meaning or context thereof mean and include its partners for the by these presents. In default of regular payment of interest the Borrower shall be bound to pay forthwith the balance due circumstances; and 29. Borrower has not and shall not induct any person as a director on hereof, except for those provisions of the Agreement, sanction
the security and/or the rights of the Bank hereunder. forthwith to discharge in full their liability to the Bank in respect
time being of the said firm and/or the surviving partners, and the heirs, on the due dates compounded interest at the rate of ___% to the Bank on demand. its Board of Directors, who is a promoter or director on the Board letter, security documents issued or executed prior to this
of the loan hereby secured in the following events, namely : ii. shall not hold the Bank at all responsible or liable in this
executors, administrators and legal representatives of each deceased iii. The Borrower shall not make any alterations in or to the of a company, which has been identified as a willful defaulter Agreement which are in addition to and complement to, and are
p.a. shall become payable on monies due. regard.
partner as the case may be) Hypothecated Assets except in the course of ordinary repairs, i. If it appears to the Bank that false or misleading information as per guidelines issued by Reserve Bank of India. Borrower not the same or in conflict with, the terms of this Agreement.
iii. The Borrower agrees that the Bank shall at any time or from iv. All the sums of money recovered or received under the last without prior written permission of the Bank and shall not in any material particular was given in the application made It is agreed by the Borrower, that without prejudice to any further undertakes that in case, such a person is found to be on In the event of any conflict between the terms, conditions and
[To be used in case the Borrower is a Partnership Firm] time to time be entitled to change the rate of interest additional preceding sub-clause may, at the option of the Bank, be applied remove or change or allow to be removed or change the by the Borrower to the Bank for the loan hereby secured, or rights of the Bank, all acts / steps as are necessary for the the Board of the borrower company, it would take expeditious provisions of this Agreement and any other agreements or
OR interest and periodicity of charging interest mentioned herein either towards repairs or reinstatement of the Hypothecated identification numbers on the engine and/or chassis of the in this agreement, or Bank to take in order to monitor the Loan and utilization and effective steps for removal of the person from its Board. documents attached hereto or referred to herein, then in such
above, as per Reserve Bank of India guidelines and/ or as per Assets or towards the liquidation and satisfaction of the balance Hypothecated Assets or use the accessories except for thereof and/or the obligations of the Borrower and /or the (Applicable in case of Company) event, the terms, conditions and provisions of this Agreement
* Mr./Mrs. proprietor of ii. If the Borrower commits any breach of any of the terms and
policy of the Bank, and notify such changes to the Borrower due to the Bank in respect of the said loan and if any surplus shall purpose of running the Hypothecated Assets. Borrower’s compliance with the terms thereof and / or to shall prevail.
conditions contained herein above, or 30. Borrower further declares that they have neither directly or
M/s. and this Agreement shall be construed as if such revised rate remain in the hands of the Bank after such application thereof recover amounts due to the Bank or any part or portion
iv. The Borrower shall notify the Bank of any accident, loss or indirectly agreed to pay nor paid any commission or brokerage
of interest be always mentioned herein and agreed to be paid as aforesaid, such surplus shall remain at the disposal of the iii. If there is any reasonable apprehension that the Borrower thereof, shall and/or may be carried out by and / or through
having its office at damage to the Hypothecated Assets or any accident, loss or
by the Borrower and hereby secured. Bank towards satisfaction of any other dues of the Borrower to is/are unable to pay their debts or legal proceedings are such other person (including a company or body corporate)
(hereinafter referred damage involving a third party as soon as it shall occur, and
the Bank in so far as it shall extend. taken against the Borrower or any of them or for attaching, as may from time to time be appointed by the Bank in respect
3. For the consideration aforesaid the Borrower hereby hypothecates shall also inform the Insurance Company about the same
to as “Borrower”, which expression shall include his heirs, executors, restraining or taking possession of the Hypothecated Assets thereof and that the Bank will at all times be entitled to share
by way of first charge with the Bank the vehicle described in and shall take all necessary steps for receiving the amount
administrators, successors and permitted assigns as the case may be) or for the Borrowers’ winding up or adjudication as insolvent with any such other person that may thus be appointed by
general terms in the SCHEDULE - II hereunder written together from the insurer.
[To be used in case the Borrower is a Proprietorship Concern] 6. It is specifically agreed that in the event of the Borrower or the Bank, all documents statements of accounts and other
with spare parts and all accessories, equipments, tools, tyres,
committing any breach of any of the covenants contained v. The Borrower shall not commit or permit to be committed information of whatsoever nature pertaining to the Borrower
(* delete whichever is not applicable) batteries and wheels which now or hereafter from time to time iv. If for any reason it is necessary in the opinion of the Bank
herein or in the event of the Hypothecated Assets being lost, any breaches of law and shall alone be responsible for any and/or the Facilities. Further, the Borrower expressly
during this security shall be brought in or fitted to the vehicle/s to protect the interests of the Bank or if the security hereby
hereinafter called the ‘Borrower’ (which expression shall unless destroyed, damaged or deteriorated in value in the opinion of breaches of law committed by the Borrower as well as its recognizes and accepts that the Bank shall, without prejudice
or be in or about the premises, garages or places utilized by the created is in jeopardy.
repugnant to the context or meaning there of include his heirs, executors, the Bank, the Bank shall be entitled to take possession of the employees and for all claims made by third parties in respect to its rights to perform such activities either itself or through
said Borrower for keeping the said vehicle/s, hereinafter referred
administrators & assigns). Hypothecated Assets without intervention of the Court and/or of loss or damage caused by the Hypothecated Assets 16. No changes whatsoever that may take place in the constitution or its officers or servants, be absolutely entitled and have full
to as “the Hypothecated Assets”, as security for payment by
to sell the Hypothecated Assets by inviting offers, quotations or and shall keep the Bank indemnified against all claims and management of the Borrower or the Bank (whether by liquidation, power and authority to appoint one or more third parties of
AND the Borrower to the Bank of the loan balance due to the Bank
by private negotiations and either through or outside court, and demand made against it in respect of any such breach of or amalgamation or otherwise) shall impair or discharge the liability the Bank’s choice and to transfer or delegate to such third
at any time (as recorded in the books of account of the Bank)
RBL BANK LIMITED, a company incorporated under the Indian to appropriate the net sale proceeds thereof towards recovery loss or damage. of the Borrower hereunder or the security hereby created. parties the right and authority to collect on behalf of the Bank
of all moneys advanced by the Bank to the Borrower in respect
Companies Act, 1913 and an existing Company within the purview of the said loan and for payment of all amount of interest, of the balance due to the Bank by the Borrower. The Borrower vi. The Borrower shall not use or permit the Hypothecated Assets 17. The Borrower hereby agree/s on demand by the Bank in that all unpaid amounts and to perform and execute all acts,
of the Companies Act, 1956 and registered with the Reserve Bank of costs, expenses and liabilities due by the Borrower to the Bank undertakes to handover peaceful possession of the Hypothecated to be used for any purpose other than the one for which it is behalf to execute at their own costs in all respects such further deeds, matters and things connected therewith or incidental
India as Scheduled Commercial Bank and having its registered office at hereunder. The expression “the balance due to the Bank”, in this Assets to the Bank whenever demanded, and hereby agree that licensed for or in contravention of any law or rule having the documents in favor of the Bank as may be necessary or advisable thereto including receiving the amounts due, and generally
RBL Bank Ltd., 1st Lane, Shahupuri, Kolhapur - 416 001, Maharashtra, and the subsequent clauses of this Agreement shall be taken to the Bank will not be liable or responsible for any involuntary loss force of law and shall not carry any contraband or smuggled to further assure the Hypothecated Assets in favor of the Bank performing all lawful acts as the third party may consider
India and administrative office at “MAHAVEER”, Shri Shahu Market include the balance of the moneys from time to time due under the or damage that may result due to or in taking possession of and goods and shall indemnify and keep the Bank indemnified including signing of RTO forms to enable easy transfer of vehicle. appropriate for such purposes.
Yard Shahupuri, Kolhapur – 416 005 (hereinafter referred to as “the loan account of the Borrower with the Bank and also including but selling the Hypothecated Assets. The Borrower agree/s to accept against any loss or action in respect of such wrongful use 18. This Agreement shall operate as a continuing security for the 24. The Borrower shall pay on demand to the Bank the costs between
Bank” which expression shall, unless it be repugnant to the context not limited to Principal interest, additional interest and all interest as correct the account of expenses incurred and amounts realized and contravention. balance due to the Bank from time to time and all other moneys attorney/advocate and client incurred by it in connection with
or meaning thereof, be deemed to mean and include its successors in thereon and the amount of all charges and expenses which the by the Bank by such sale of the Hypothecated Assets.
vii. The Borrower shall get the Hypothecated Assets inspected on due by the Borrower to the Bank under any other accounts. the preparation, engrossment and stamping and execution of
interest, assigns, holding or subsidiary company and/or associates). Bank may have paid or incurred in any way in connection with 7. That if the net sum realized by such sale be insufficient to satisfy due dates of inspection fixed by the Registration Authorities these presents in original and of any guarantee or other security
the hypothecated assets or the sale or disposal thereof. the balance then due to the Bank, the Bank shall be at liberty 19. The Borrower shall abide by all terms and conditions as specified executed contemporaneously herewith in connection with the
WHEREAS the Borrower has requested the Bank to grant to the Borrower and shall comply with all laws, rules and regulations from time
to sue the Borrower for the balance thereof. Nothing herein in sanction letter including general and special covenants Loan hereby secured and of the registration of this security with
a loan of Rs. 4. The Borrower shall permit the Bank, its agents, officials and to time in force applicable to the Hypothecated Assets and mentioned therein, which shall form part and parcel of this
technical experts from time to time to enter upon any building, contained shall be deemed to negatively qualify or otherwise their business. The Borrower shall keep their road permits, the Registrar of Companies and all other costs (between attorney/
(Rupees prejudice the right of the Bank to recover from the Borrower the Agreement as if incorporated herein. advocate and clients), incurred or to be incurred by the Bank

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 garages and / or any places where the hypothecated assets or entire amount due under the loan account notwithstanding that all license and registration in full force and effective by paying 20. The Bank may, in its sole discretion, permit prepayment of the in connection herewith or with the enforcement or realization or any consideration to the director/s for standing him / them as
any spares or equipments thereof may be and to view inspect or any of the said Hypothecated Assets have not been realized. punctually the required taxes and observing the rules and loan at the request of Borrower subject to the Borrower paying or attempted enforcement or realization of the security hereby guarantor/s and that Borrower will not pay any such consideration
and evaluate the same and take inventories thereof and to regulations. The Borrower shall not change their area of prepayment charges calculated on the amount due under the created or the protection or defense or perfection thereof or to him / them for the same.
8. That after taking possession of the Hypothecated Assets, the
inspect the accounts and papers to ensure the efficient working operation without written consent of the Bank. loan at the rate as may be decided by the Bank from time to time. for the recovery of any monies hereby secured and of all suits
Bank shall not be responsible, notwithstanding anything to the 31. The Borrower hereby agrees that the Bank shall be at liberty
of the Borrower’s business and the hypothecated assets and and proceedings or whatsoever nature for the enforcement or
contrary containing in Section 151 of the Indian Contract Act, viii. The Borrower shall punctually pay all rents, taxes, outgoing 21. The Bank may, in its absolute discretion and without any further to transfer the said account from one branch to another branch
the Borrower shall render to the Bank and to its agents, officials realization of the security hereby created or the recovery of such
for any loss or deterioration of, or damage to the Hypothecated and other charges in respect of the premises in which the notice to the Borrower, grant / transfer / assign to any person / of the Bank as per the administrative convenience of the Bank.
and representatives all facilities as may be required for any of monies or otherwise in connection herewith.
LOAN CUM HYPOTHECATION OF VEHICLE the purposes aforesaid. The Borrower shall carry out all the
Assets whether by theft, fire, rain, flood, earthquake, lightning, Hypothecated Assets are parked or kept. Bank / financial institution, any of its rights under this Agreement The Bank shall give prior notice to the Borrower about the
accident or any other cause whatever. and other documents executed by the Borrower and of the terms 25. The Bank shall be entitled at its discretion to maintain separate intended transfer of the said account. The Borrower hereby
suggestions and directions that may be given by the Bank in ix. The Borrower shall at their expense keep the Hypothecated
attached thereto, including the right to receive the balance under accounts in the books in respect of the unpaid installments of agrees and confirms that such transfer of the said account is not
that behalf and shall bear and pay all fees and expenses that the 9. Nothing herein contained shall prejudice or affect any general Assets in marketable and good working condition and will
THIS Loan cum hypothecation agreement is made at Only) for the purpose of purchase of loan and in particular may grant / transfer / assign such rights principal and / or interest for the purpose of effective control to be considered as closed and all the documents, guarantee/s,
Bank shall be entitled to incur the same and debit the same to or special lien to which the Bank shall by law or otherwise be promptly carry out replacements and repairs as may be
on (“Agreement”) by way of charge or as a security to any person to whom such and monitoring of recovery thereof. The Borrower hereby securities and the charge of the Bank on Hypothecated Assets will
which the Bank, vide its the loan account which shall carry interest thereon at the rate of entitled or operate to prejudice its rights and remedies in respect necessary for keeping the Hypothecated Assets in running
rights are granted / transferred / assigned shall be entitled to the acknowledges that he / they shall be liable to repay such continue unaffected until all the amounts remaining unpaid under
BETWEEN interest specified hereinabove till payment thereof and the same of any present or future security or guarantee for any obligation, condition. The Borrower further agree/s to pay and discharge
application form dated , has agreed to do on the full benefit of such rights. This Agreement shall be binding upon outstanding amounts as due and payable hereunder and shall the said account as transferred to the other branch are repaid
shall be a charge on the Hypothecated Assets for due payment indebtedness or liability of the Borrower to the Bank. punctually all the taxes, duties and outgoings that may
Borrower agreeing to repay the said loan with interest as hereinafter the Borrower and shall ensure for the benefit of the Bank and its continue to be secured by the security created hereunder. in full. The Borrower shall continue to enjoy the credit facility on
* Mr./Mrs. son/ of all such amounts to the Bank. become due and payable from time to time in respect of the
mentioned and on the Borrowers securing repayment of the said loan 10. The Borrower agree/s to accept as conclusive proof of the successors in title and assigns. the same terms and conditions at the transferee branch.
daughter/wife of Mr. Hypothecated Assets either to the Government or Municipal 26. Notwithstanding, the Bank’s decision / action / policy, if any, to
with interest, costs, charges, expenses etc., to the Bank by hypothecation 5. i. The Borrower shall at all times during the continuance of correctness of any sums / claimed to be due from the Borrower
residing at or local authority or otherwise howsoever. 22. The Borrower accepts, confirms and consents for the disclosure reverse any debit entry or not to debit interest or not to make any 32. It has been agreed between the parties hereto that in case of
of the Borrowers’ vehicle described in the second schedule hereunder this security and from time to time insure the Hypothecated to the Bank under this agreement, a statement of account made
and sharing by the Bank of all or any information and data debit entry in bank’s books or ledger accounts or in statement of any dispute the governing laws shall be Indian and that the
(hereinafter referred written and on the terms and in the manner hereinafter contained. Assets and keep it insured against loss or damage by fire, out from the Books of the Bank and signed by the manager/ 12. The Borrower shall indemnify absolutely, unconditionally and fully
relating to the Borrower, the Loan, any other transactions that account or any account, for any period whatsoever, the Borrowers Courts / Tribunals alone shall
to as “Borrower”, which expression shall include his heirs, executors, riot, burglary, civil commotion, strikes and other risks and accountant or other duly authorized officer of the Bank without and at all times keep indemnified saved, defended and harmless
NOW THIS AGREEMENT WITHNESSETH as follows: the Borrower has with the Bank, the Borrower’s account, and the shall be bound and liable to pay jointly or severally to the Bank, have exclusive jurisdiction in respect of any matter, claim or
administrators, successors and permitted assigns as the case may be) take out comprehensive insurance policy from the General the production of any other voucher, documents or paper. the Bank against all claims, demand, right, action proceedings of
1. In pursuance of the said agreement and in consideration of agreements and documents related to the Loan and transactions, the entire outstanding debit balance and compound interest dispute arising out of or in any way relating to these presents or
Insurance Corporation or any other insurer acceptable to the whatsoever kind or nature made, taken, filed by any person or
[To be used in case the Borrower is an Individual] 11. The Borrower hereby covenant with the Bank as follows : including but not limited to information relating to default, if any, thereon with monthly rests till the date of realization, recovery to anything to be done pursuant to these presents or in regard
the sum of Rs. Bank, in the joint names of the Bank and the Borrower to the party and against all and any losses, damage, costs, charges,
i. That the Borrower has good right to hypothecate and charge committed by the Borrower, in the discharge of the Borrower’s or collection by the bank of all such amounts plus additional to interpretation of these presents or of any clause or provision
* Limited, a (Rupees Only) extent of the full market value thereof and punctually pay the expenses, and liability of any kind or nature whatsoever, which
the Hypothecated Assets by way of first charge as aforesaid obligations in relation to the Loan or other transactions, as interest, tax, liquidated damages, commissions, costs, charges thereof. This shall not, however, limit the rights of Bank to take
advanced/ agreed to be lent and advanced by the Bank to the premium due for such insurance and that cover note(s) or the the Bank may suffer, sustain, incur, or be exposed to in respect
company incorporated under the Companies Act, 1956 and having its the Bank may deem appropriate and necessary to disclose and expenses at such rates as may be prevailing or fixed or to proceedings in any other court of competent jurisdiction including,
insurance policy / policies or certificate(s) shall be deposited and declares that the same is fully paid for and the same is of or relating to their Hypothecated Assets.
registered office at Borrower (hereinafter referred to as the ‘said loan’), the Borrower and furnish, to Reserve Bank of India (“RBI”) and/or to Credit be fixed by the Bank from time to time without any reference, but not limited to, the courts of .
by the Borrower with the Bank. and shall be always free from any other claim either by way
hereby covenants with the bank to repay the said loan, by 13. The Borrower shall hereby agree/s to pay on demand all costs, Information Bureau (India) Ltd and/or to any other agency or body notice or intimation by the Bank at any time whatsoever.
(hereinafter of lien, pledge, charge, hypothecation or otherwise and as to 33. Any waiver of forbearance or delay on the part of Bank to
installment in the manner stated in the Schedule - I hereunder ii. If the Borrower fail/s to effect such insurance or to inform the charges and expenses that may be incurred or suffered by the as authorized in this behalf by RBI, to other banks and lenders
referred to as “Borrower”, which expression shall include its executors, future machineries and assets included in the Hypothecated 27. The Bank shall be entitled, at any time, and from time to time insist upon the performance of any terms and conditions of this
written. In the event of failure to pay any one installment on the Bank of having done so, the Bank may, but without being Bank in the execution or carrying into effect or in enforcing of including assignees and potential assignees, to its professional
administrators, successors and permitted assigns as the case may be) Assets hereby secured the same shall be the absolute and without any notice, reference, consent or intimation to Borrower to Agreement, or to exercise any right or privilege conferred in this
due date the entire amount shall at the option of the Bank become bound to do so, insure the Hypothecated Assets against this agreement or in relation to the exercise of any power of sale advisers and consultants and to its service providers instructed
unencumbered property of the Borrower with full power of adjust, appropriate or set-off any credit balance or any part thereof Agreement, or to demand any penalties resulting from any breach
[To be used in case the Borrower is a Company] due and payable immediately. any one or more of the aforesaid risks as may be deemed or any other power herein or in other document contained or in by it in relation to the Facilities, and/or as required under law
disposition. due or to become due to me/us in any of the Bank’s branches in of any of the terms or conditions of this shall not be construed as
2. i. The Borrower further covenant/s with the Bank to necessary by the Bank in its absolute discretion and debit the relation to any act, matter or thing arising out of this agreement or any applicable regulation, at the order of a court of law, or at
OR ii. That during the subsistence of these presents the Borrower Borrower’s name/s or before or after the maturity dates thereof a waiver on the part of Bank of any of the terms or conditions of
pay in the meantime interest on the said loan of Rs. premium and other charges to the loan account or accounts or of and incidental thereto together with interest thereon at the the request or order of any statutory, regulatory or supervisory
will not create without the Bank’s prior written consent any towards satisfaction or part satisfaction of outstanding debt, this Agreement or of any of its rights or privileges or of any other
* M/s. or such sum of the Borrower maintained by the Bank, and the Borrower rate herein provided and further agree/s that until payment thereof authority with whom it customarily complies.
other debt nor any pledge, hypothecation, mortgage, charge, balance due or become due by borrower to the Bank in any default on the part of the Borrower, and all original rights and
a partnership firm, duly registered under the Indian Partnership as may be due by the Borrower to the Bank from time to time hereby agree/s to pay such amounts to the Bank forthwith on the same shall form a part of the moneys hereby secured.
lien or encumbrances upon or in respect of the Hypothecated 23. The Borrower undertakes and covenants that it shall provide all account at any of the Bank’s branches whatsoever. powers of Bank under this Agreement will remain in full force,
Act, 1932 consisting of Mr./Ms. in respect of the said loan, at the rate of % with demand with interest thereon, at the rate mentioned above 14. Any demand or notice to be made or given to the Borrower may
Assets or any part thereof in any manner whatsoever (whether information, including information regarding other credit facilities notwithstanding any such forbearance or delay.
monthly rests to be taken and such interest to be paid at the and the said amount shall stand charged on the Hypothecated 28. Without prejudice to Bank’s absolute right in its uncontrolled
, be made or given by leaving the same at or posting the same enjoyed by the Borrower, as and when required by the Bank. The
Assets till repayment. by way of specific charge or floating charge or otherwise) in discretion to adjust, appropriate or set-off at any time and from 34. If at any time provision hereof is or becomes illegal, invalid or
Mr./Ms. end of each month of each year till the entire loan and interest by post in an envelope under certificate of posting addressed to Borrower declares that the information furnished to the Bank from
favor of any person, firm or Company other than the Bank. time to time any amount received or to be received by the Bank unenforceable under the law, neither the legality, validity or
thereon is repaid in full by the Borrowers. iii. In the event of loss, destruction or damage by fire, accident, the Borrower or any of the Borrower at their place of business, time to time is and shall be true and correct.
The Borrower will not part with possession, or give on hire, from me/us to the Bank in any account at any of the Bank’s enforceability of the remaining provisions hereof nor the legality,
and burglary or otherwise to the Hypothecated Assets or any residence or office, or affixed on the Hypothecated Assets and
ii. The Borrower hereby agree that in the event of failure to lease, leave and license or conducting arrangement or The Borrower: branches whatsoever, any amount received or to be received by validity or enforceability of other provisions shall in any way be
Mr./Ms. pay any installment of interest on its due date such interest part thereof the Bank shall be entitled to recover and receive every such demand or notice shall be deemed to be received
otherwise deal with the Hypothecated Assets or any part the Bank may first be appropriated by the Bank towards costs, affected or impaired thereby.
shall be capitalized and will carry interest at the same rate the moneys receivable in respect of such insurance. It is as the case may be at the time at which it is left or at the time i. accepts that RBI or Credit Information Bureau (India) Ltd. and
thereof (except in the regular course of business and only charges and expenses incurred by the Bank and thereafter
as is applicable to the said loan in addition to charging penal hereby agreed that in the event of the Bank not making any at which it should have been delivered in the ordinary course of any other agency so authorized, any statutory, regulatory or 35. This Agreement and any other documents attached hereto
as partners thereof and having its principal office at until notice is received from the Bank of its intention, to towards interest and surplus amount, if any, thereafter be
interest at the rate mentioned in the Schedule I hereunder, claim against the Insurance Company or in the event of the post. supervisory authority or other lenders, may use, process, or referred to herein, integrate all the terms and conditions
(hereinafter referred enforce its rights for realization of the security hereunder) appropriated by the Bank towards Principal amount due to the
from the date of default to the date of actual payment of the Bank not receiving the amount receivable in respect of such disseminate the said information and data disclosed by the mentioned herein or incidental hereto and supersedes all oral
and will not permit or suffer to be done any act, deed, matter 15. Notwithstanding anything contained herein the Borrower hereby Bank.
to as “Borrower”, which expression shall unless it be repugnant to defaulted amount and will be treated as an advance secured insurance either wholly or partially for any reason whatever Bank in such manner as deemed fit by them in any particular negotiations and prior writings in respect of the subject matter
or thing which may adversely affect or in any way prejudice covenant/s that the Bank may by notice require the Borrower
the meaning or context thereof mean and include its partners for the by these presents. In default of regular payment of interest the Borrower shall be bound to pay forthwith the balance due circumstances; and 29. Borrower has not and shall not induct any person as a director on hereof, except for those provisions of the Agreement, sanction
the security and/or the rights of the Bank hereunder. forthwith to discharge in full their liability to the Bank in respect
time being of the said firm and/or the surviving partners, and the heirs, on the due dates compounded interest at the rate of ___% to the Bank on demand. its Board of Directors, who is a promoter or director on the Board letter, security documents issued or executed prior to this
of the loan hereby secured in the following events, namely : ii. shall not hold the Bank at all responsible or liable in this
executors, administrators and legal representatives of each deceased iii. The Borrower shall not make any alterations in or to the of a company, which has been identified as a willful defaulter Agreement which are in addition to and complement to, and are
p.a. shall become payable on monies due. regard.
partner as the case may be) Hypothecated Assets except in the course of ordinary repairs, i. If it appears to the Bank that false or misleading information as per guidelines issued by Reserve Bank of India. Borrower not the same or in conflict with, the terms of this Agreement.
iii. The Borrower agrees that the Bank shall at any time or from iv. All the sums of money recovered or received under the last without prior written permission of the Bank and shall not in any material particular was given in the application made It is agreed by the Borrower, that without prejudice to any further undertakes that in case, such a person is found to be on In the event of any conflict between the terms, conditions and
[To be used in case the Borrower is a Partnership Firm] time to time be entitled to change the rate of interest additional preceding sub-clause may, at the option of the Bank, be applied remove or change or allow to be removed or change the by the Borrower to the Bank for the loan hereby secured, or rights of the Bank, all acts / steps as are necessary for the the Board of the borrower company, it would take expeditious provisions of this Agreement and any other agreements or
OR interest and periodicity of charging interest mentioned herein either towards repairs or reinstatement of the Hypothecated identification numbers on the engine and/or chassis of the in this agreement, or Bank to take in order to monitor the Loan and utilization and effective steps for removal of the person from its Board. documents attached hereto or referred to herein, then in such
above, as per Reserve Bank of India guidelines and/ or as per Assets or towards the liquidation and satisfaction of the balance Hypothecated Assets or use the accessories except for thereof and/or the obligations of the Borrower and /or the (Applicable in case of Company) event, the terms, conditions and provisions of this Agreement
* Mr./Mrs. proprietor of ii. If the Borrower commits any breach of any of the terms and
policy of the Bank, and notify such changes to the Borrower due to the Bank in respect of the said loan and if any surplus shall purpose of running the Hypothecated Assets. Borrower’s compliance with the terms thereof and / or to shall prevail.
conditions contained herein above, or 30. Borrower further declares that they have neither directly or
M/s. and this Agreement shall be construed as if such revised rate remain in the hands of the Bank after such application thereof recover amounts due to the Bank or any part or portion
iv. The Borrower shall notify the Bank of any accident, loss or indirectly agreed to pay nor paid any commission or brokerage
of interest be always mentioned herein and agreed to be paid as aforesaid, such surplus shall remain at the disposal of the iii. If there is any reasonable apprehension that the Borrower thereof, shall and/or may be carried out by and / or through
having its office at damage to the Hypothecated Assets or any accident, loss or
by the Borrower and hereby secured. Bank towards satisfaction of any other dues of the Borrower to is/are unable to pay their debts or legal proceedings are such other person (including a company or body corporate)
(hereinafter referred damage involving a third party as soon as it shall occur, and
the Bank in so far as it shall extend. taken against the Borrower or any of them or for attaching, as may from time to time be appointed by the Bank in respect
3. For the consideration aforesaid the Borrower hereby hypothecates shall also inform the Insurance Company about the same
to as “Borrower”, which expression shall include his heirs, executors, restraining or taking possession of the Hypothecated Assets thereof and that the Bank will at all times be entitled to share
by way of first charge with the Bank the vehicle described in and shall take all necessary steps for receiving the amount
administrators, successors and permitted assigns as the case may be) or for the Borrowers’ winding up or adjudication as insolvent with any such other person that may thus be appointed by
general terms in the SCHEDULE - II hereunder written together from the insurer.
[To be used in case the Borrower is a Proprietorship Concern] 6. It is specifically agreed that in the event of the Borrower or the Bank, all documents statements of accounts and other
with spare parts and all accessories, equipments, tools, tyres,
committing any breach of any of the covenants contained v. The Borrower shall not commit or permit to be committed information of whatsoever nature pertaining to the Borrower
(* delete whichever is not applicable) batteries and wheels which now or hereafter from time to time iv. If for any reason it is necessary in the opinion of the Bank
herein or in the event of the Hypothecated Assets being lost, any breaches of law and shall alone be responsible for any and/or the Facilities. Further, the Borrower expressly
during this security shall be brought in or fitted to the vehicle/s to protect the interests of the Bank or if the security hereby
hereinafter called the ‘Borrower’ (which expression shall unless destroyed, damaged or deteriorated in value in the opinion of breaches of law committed by the Borrower as well as its recognizes and accepts that the Bank shall, without prejudice
or be in or about the premises, garages or places utilized by the created is in jeopardy.
repugnant to the context or meaning there of include his heirs, executors, the Bank, the Bank shall be entitled to take possession of the employees and for all claims made by third parties in respect to its rights to perform such activities either itself or through
said Borrower for keeping the said vehicle/s, hereinafter referred
administrators & assigns). Hypothecated Assets without intervention of the Court and/or of loss or damage caused by the Hypothecated Assets 16. No changes whatsoever that may take place in the constitution or its officers or servants, be absolutely entitled and have full
to as “the Hypothecated Assets”, as security for payment by
to sell the Hypothecated Assets by inviting offers, quotations or and shall keep the Bank indemnified against all claims and management of the Borrower or the Bank (whether by liquidation, power and authority to appoint one or more third parties of
AND the Borrower to the Bank of the loan balance due to the Bank
by private negotiations and either through or outside court, and demand made against it in respect of any such breach of or amalgamation or otherwise) shall impair or discharge the liability the Bank’s choice and to transfer or delegate to such third
at any time (as recorded in the books of account of the Bank)
RBL BANK LIMITED, a company incorporated under the Indian to appropriate the net sale proceeds thereof towards recovery loss or damage. of the Borrower hereunder or the security hereby created. parties the right and authority to collect on behalf of the Bank
of all moneys advanced by the Bank to the Borrower in respect
Companies Act, 1913 and an existing Company within the purview of the said loan and for payment of all amount of interest, of the balance due to the Bank by the Borrower. The Borrower vi. The Borrower shall not use or permit the Hypothecated Assets 17. The Borrower hereby agree/s on demand by the Bank in that all unpaid amounts and to perform and execute all acts,
of the Companies Act, 1956 and registered with the Reserve Bank of costs, expenses and liabilities due by the Borrower to the Bank undertakes to handover peaceful possession of the Hypothecated to be used for any purpose other than the one for which it is behalf to execute at their own costs in all respects such further deeds, matters and things connected therewith or incidental
India as Scheduled Commercial Bank and having its registered office at hereunder. The expression “the balance due to the Bank”, in this Assets to the Bank whenever demanded, and hereby agree that licensed for or in contravention of any law or rule having the documents in favor of the Bank as may be necessary or advisable thereto including receiving the amounts due, and generally
RBL Bank Ltd., 1st Lane, Shahupuri, Kolhapur - 416 001, Maharashtra, and the subsequent clauses of this Agreement shall be taken to the Bank will not be liable or responsible for any involuntary loss force of law and shall not carry any contraband or smuggled to further assure the Hypothecated Assets in favor of the Bank performing all lawful acts as the third party may consider
India and administrative office at “MAHAVEER”, Shri Shahu Market include the balance of the moneys from time to time due under the or damage that may result due to or in taking possession of and goods and shall indemnify and keep the Bank indemnified including signing of RTO forms to enable easy transfer of vehicle. appropriate for such purposes.
Yard Shahupuri, Kolhapur – 416 005 (hereinafter referred to as “the loan account of the Borrower with the Bank and also including but selling the Hypothecated Assets. The Borrower agree/s to accept against any loss or action in respect of such wrongful use 18. This Agreement shall operate as a continuing security for the 24. The Borrower shall pay on demand to the Bank the costs between
Bank” which expression shall, unless it be repugnant to the context not limited to Principal interest, additional interest and all interest as correct the account of expenses incurred and amounts realized and contravention. balance due to the Bank from time to time and all other moneys attorney/advocate and client incurred by it in connection with
or meaning thereof, be deemed to mean and include its successors in thereon and the amount of all charges and expenses which the by the Bank by such sale of the Hypothecated Assets.
vii. The Borrower shall get the Hypothecated Assets inspected on due by the Borrower to the Bank under any other accounts. the preparation, engrossment and stamping and execution of
interest, assigns, holding or subsidiary company and/or associates). Bank may have paid or incurred in any way in connection with 7. That if the net sum realized by such sale be insufficient to satisfy due dates of inspection fixed by the Registration Authorities these presents in original and of any guarantee or other security
the hypothecated assets or the sale or disposal thereof. the balance then due to the Bank, the Bank shall be at liberty 19. The Borrower shall abide by all terms and conditions as specified executed contemporaneously herewith in connection with the
WHEREAS the Borrower has requested the Bank to grant to the Borrower and shall comply with all laws, rules and regulations from time
to sue the Borrower for the balance thereof. Nothing herein in sanction letter including general and special covenants Loan hereby secured and of the registration of this security with
a loan of Rs. 4. The Borrower shall permit the Bank, its agents, officials and to time in force applicable to the Hypothecated Assets and mentioned therein, which shall form part and parcel of this
technical experts from time to time to enter upon any building, contained shall be deemed to negatively qualify or otherwise their business. The Borrower shall keep their road permits, the Registrar of Companies and all other costs (between attorney/
(Rupees prejudice the right of the Bank to recover from the Borrower the Agreement as if incorporated herein. advocate and clients), incurred or to be incurred by the Bank

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 FACT SHEET b) During the term of the loan a) Duplicate Interest And Principal SCHEDULE - II Detailed Statement of the Hypothecated Assets
SCHEDULE - I (Pl individually specify all type Certificate – Rs.250 (General Description of the Hypothecated Vehicle) (To be obtained subsequent to purchase of the vehicle)
(Sanction Letter) of fee ) b) Duplicate No due certificate/NOC –
Rs. 250 a) Class of Vehicle S. Specification Description
c) Cheque swapping charges – Rs.250 No.
Description of Borrower b) Makers Name
d) Bounce Cheque charges – Rs.250 a. Class of Vehicle
Name s/o d/o w/o Address PAN Age c) Type of Body
e) CIBIL Report charges – Rs.50 b. Makers Name
d) Horse Power
f) Conversion to cash repayment mode – c. Type of Body
Rs 2000 e) Chassis No.
d. Year of Manufacture
g) No part pre-payment allowed f) Number of Cylinders
e. Number of Cylinders
c) On foreclosure (Pl individually a) No foreclosure allowed in the first 6
f. Chassis Numbers
specify all type of fee ) months of the loan tenor. IN WITNESS WHEREOF the Borrowers have executed these presents on the date mentioned g. Engine Numbers
b) Foreclosure within first 6 to 12 months of above.
the loan tenor – 5% charge on principal h. Horse Power
outstanding i. Color
Description of Co-borrower(s)/Guarantor(s) SIGNED AND DELIVERED BY j. Registered laded Weight:
c) Foreclosure after 12 months of the
Name s/o d/o w/o Address PAN Age loan tenor– 3% charge on principal Individual: 1. Front Axle
outstanding Mr./Ms. the Borrower within-named 2. Rear Axle
d) Penalty for delayed payments 2% additional interest per month on overdue Partnership Firm: k. Number, description & size of tyres
EMI amount Mr./Ms. l. Registration Number
7 Other conditions Mr./Ms. m. Date of RTO granting registration
8 EMI payable## Mr./Ms. n. Seating capacity
9 Last EMI payable All partners of M/s the Borrower within-named
10 Date of commencement of EMI Company:
Type of Loan Vehicle Loan – Two Wheeler / Four Wheeler 11 Mode of Repayment ECS / NACH / SI / PDC The common Seal of Pvt. Ltd.
Loan Purpose 12 Details of security/collateral As per schedule II
the Borrower within named has been affixed hereunto in the presence of:
obtained
S Particulars Details Mr./Ms.
13 Insurance Premium (if applicable)
No. Mr./Ms.
14 Date on which annual outstanding On demand by the customer
1 Loan / Facility amount balance statement will be issued Directors / of the Borrower in pursuance of the Board
Resolution dated and they have signed below the Seal to confirm Date Signature of Borrower Signature of Co-Borrower
2 Loan / Facility term
that the Seal was affixed in their presence.
3 Interest type (fixed or floating) Fixed *Applicable taxes extra for all fees and charges
##EMI amount payable every month except the last EMI Sole Proprietary Firm:
4 Interest chargeable# (In case of
Fixed Rate Loans) Mr./Ms.
# 1) The Borrower further agrees that the Bank shall be entitled to change the rate of interest, additional interest, penal interest and / or
5 Mode of communication of changes Letter/Email sent to the address of periodicity of charging interest etc. as mentioned herein at any time by giving notice to the Borrower and / or notifying on the notice board of Sole Proprietor/Proprietress of M/s. the
the Bank or in the local Newspaper and shall thereafter he entitled to charge interest at the changed rate / rests as if the same was provided
in interest rates correspondence/Email ID as updated in bank for in this agreement.
Borrower within-named R. C. Book verified
records. 2) The Borrower further covenants with the Bank to pay interest on the said credit facility or such sum as may be due by the Borrower to the Hindu Undivided Family (HUF):
Bank from time to time at the rate and periodicity as mentioned in Schedule - I till the entire said credit facilities and interest thereon is repaid
6 Fee payable* by the Borrower. The Borrower further agrees, in case of working capital limits, to pay minimum interest amounting to three months’ interest Shri
on the sanctioned limit as and by way of commitment charges. Provided that the interest payable by the Borrower shall be subject to the
a) On application (Pl individually a) Processing fee of _____% of loan changes in the interest rates made by the Reserve Bank of India and/ or the Bank from time to time. Karta of M/S. HUF for himself and on behalf of all
specify all type of fee ) amount at the time of disbursal 3) In default of payment of any one installment of monthly interest as stated above the Bank shall be entitled to demand payment of the entire co-parceners of the Borrower within-named
amount then outstanding in respect of the said credit facilities, as if the period for repayment has expired and shall also be entitled, on failure Date Branch Manager
b) Agreement franking charges as per to pay the interest at the end of each month, to debit to the Borrower’s accounts and capitalize the amount of such interest as if such amount Society:
actuals was a fresh loan advanced by the Bank to the Borrower and shall be entitled to charge like interest thereon, in addition to the charging
additional interest at the rate mentioned in the Schedule - I from the date of default to the date of payment of entire overdue amount with Shri. / Smt.
c) Cash Mode Repayment charges – interest.
Managing Committee members of the Society Ltd.,
Rs 1000 (if applicable) 4) For loans with tenure upto 3 years the interest rate has been calculated on the basis of the MCLR with maturity equal to the loan tenure.
Borrower within named in pursuance of the Managing Committee Resolution dated

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 FACT SHEET b) During the term of the loan a) Duplicate Interest And Principal SCHEDULE - II Detailed Statement of the Hypothecated Assets
SCHEDULE - I (Pl individually specify all type Certificate – Rs.250 (General Description of the Hypothecated Vehicle) (To be obtained subsequent to purchase of the vehicle)
(Sanction Letter) of fee ) b) Duplicate No due certificate/NOC –
Rs. 250 a) Class of Vehicle S. Specification Description
c) Cheque swapping charges – Rs.250 No.
Description of Borrower b) Makers Name
d) Bounce Cheque charges – Rs.250 a. Class of Vehicle
Name s/o d/o w/o Address PAN Age c) Type of Body
e) CIBIL Report charges – Rs.50 b. Makers Name
d) Horse Power
f) Conversion to cash repayment mode – c. Type of Body
Rs 2000 e) Chassis No.
d. Year of Manufacture
g) No part pre-payment allowed f) Number of Cylinders
e. Number of Cylinders
c) On foreclosure (Pl individually a) No foreclosure allowed in the first 6
f. Chassis Numbers
specify all type of fee ) months of the loan tenor. IN WITNESS WHEREOF the Borrowers have executed these presents on the date mentioned g. Engine Numbers
b) Foreclosure within first 6 to 12 months of above.
the loan tenor – 5% charge on principal h. Horse Power
outstanding i. Color
Description of Co-borrower(s)/Guarantor(s) SIGNED AND DELIVERED BY j. Registered laded Weight:
c) Foreclosure after 12 months of the
Name s/o d/o w/o Address PAN Age loan tenor– 3% charge on principal Individual: 1. Front Axle
outstanding Mr./Ms. the Borrower within-named 2. Rear Axle
d) Penalty for delayed payments 2% additional interest per month on overdue Partnership Firm: k. Number, description & size of tyres
EMI amount Mr./Ms. l. Registration Number
7 Other conditions Mr./Ms. m. Date of RTO granting registration
8 EMI payable## Mr./Ms. n. Seating capacity
9 Last EMI payable All partners of M/s the Borrower within-named
10 Date of commencement of EMI Company:
Type of Loan Vehicle Loan – Two Wheeler / Four Wheeler 11 Mode of Repayment ECS / NACH / SI / PDC The common Seal of Pvt. Ltd.
Loan Purpose 12 Details of security/collateral As per schedule II
the Borrower within named has been affixed hereunto in the presence of:
obtained
S Particulars Details Mr./Ms.
13 Insurance Premium (if applicable)
No. Mr./Ms.
14 Date on which annual outstanding On demand by the customer
1 Loan / Facility amount balance statement will be issued Directors / of the Borrower in pursuance of the Board
Resolution dated and they have signed below the Seal to confirm Date Signature of Borrower Signature of Co-Borrower
2 Loan / Facility term
that the Seal was affixed in their presence.
3 Interest type (fixed or floating) Fixed *Applicable taxes extra for all fees and charges
##EMI amount payable every month except the last EMI Sole Proprietary Firm:
4 Interest chargeable# (In case of
Fixed Rate Loans) Mr./Ms.
# 1) The Borrower further agrees that the Bank shall be entitled to change the rate of interest, additional interest, penal interest and / or
5 Mode of communication of changes Letter/Email sent to the address of periodicity of charging interest etc. as mentioned herein at any time by giving notice to the Borrower and / or notifying on the notice board of Sole Proprietor/Proprietress of M/s. the
the Bank or in the local Newspaper and shall thereafter he entitled to charge interest at the changed rate / rests as if the same was provided
in interest rates correspondence/Email ID as updated in bank for in this agreement.
Borrower within-named R. C. Book verified
records. 2) The Borrower further covenants with the Bank to pay interest on the said credit facility or such sum as may be due by the Borrower to the Hindu Undivided Family (HUF):
Bank from time to time at the rate and periodicity as mentioned in Schedule - I till the entire said credit facilities and interest thereon is repaid
6 Fee payable* by the Borrower. The Borrower further agrees, in case of working capital limits, to pay minimum interest amounting to three months’ interest Shri
on the sanctioned limit as and by way of commitment charges. Provided that the interest payable by the Borrower shall be subject to the
a) On application (Pl individually a) Processing fee of _____% of loan changes in the interest rates made by the Reserve Bank of India and/ or the Bank from time to time. Karta of M/S. HUF for himself and on behalf of all
specify all type of fee ) amount at the time of disbursal 3) In default of payment of any one installment of monthly interest as stated above the Bank shall be entitled to demand payment of the entire co-parceners of the Borrower within-named
amount then outstanding in respect of the said credit facilities, as if the period for repayment has expired and shall also be entitled, on failure Date Branch Manager
b) Agreement franking charges as per to pay the interest at the end of each month, to debit to the Borrower’s accounts and capitalize the amount of such interest as if such amount Society:
actuals was a fresh loan advanced by the Bank to the Borrower and shall be entitled to charge like interest thereon, in addition to the charging
additional interest at the rate mentioned in the Schedule - I from the date of default to the date of payment of entire overdue amount with Shri. / Smt.
c) Cash Mode Repayment charges – interest.
Managing Committee members of the Society Ltd.,
Rs 1000 (if applicable) 4) For loans with tenure upto 3 years the interest rate has been calculated on the basis of the MCLR with maturity equal to the loan tenure.
Borrower within named in pursuance of the Managing Committee Resolution dated

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 FACT SHEET b) During the term of the loan a) Duplicate Interest And Principal SCHEDULE - II Detailed Statement of the Hypothecated Assets
SCHEDULE - I (Pl individually specify all type Certificate – Rs.250 (General Description of the Hypothecated Vehicle) (To be obtained subsequent to purchase of the vehicle)
(Sanction Letter) of fee ) b) Duplicate No due certificate/NOC –
Rs. 250 a) Class of Vehicle S. Specification Description
c) Cheque swapping charges – Rs.250 No.
Description of Borrower b) Makers Name
d) Bounce Cheque charges – Rs.250 a. Class of Vehicle
Name s/o d/o w/o Address PAN Age c) Type of Body
e) CIBIL Report charges – Rs.50 b. Makers Name
d) Horse Power
f) Conversion to cash repayment mode – c. Type of Body
Rs 2000 e) Chassis No.
d. Year of Manufacture
g) No part pre-payment allowed f) Number of Cylinders
e. Number of Cylinders
c) On foreclosure (Pl individually a) No foreclosure allowed in the first 6
f. Chassis Numbers
specify all type of fee ) months of the loan tenor. IN WITNESS WHEREOF the Borrowers have executed these presents on the date mentioned g. Engine Numbers
b) Foreclosure within first 6 to 12 months of above.
the loan tenor – 5% charge on principal h. Horse Power
outstanding i. Color
Description of Co-borrower(s)/Guarantor(s) SIGNED AND DELIVERED BY j. Registered laded Weight:
c) Foreclosure after 12 months of the
Name s/o d/o w/o Address PAN Age loan tenor– 3% charge on principal Individual: 1. Front Axle
outstanding Mr./Ms. the Borrower within-named 2. Rear Axle
d) Penalty for delayed payments 2% additional interest per month on overdue Partnership Firm: k. Number, description & size of tyres
EMI amount Mr./Ms. l. Registration Number
7 Other conditions Mr./Ms. m. Date of RTO granting registration
8 EMI payable## Mr./Ms. n. Seating capacity
9 Last EMI payable All partners of M/s the Borrower within-named
10 Date of commencement of EMI Company:
Type of Loan Vehicle Loan – Two Wheeler / Four Wheeler 11 Mode of Repayment ECS / NACH / SI / PDC The common Seal of Pvt. Ltd.
Loan Purpose 12 Details of security/collateral As per schedule II
the Borrower within named has been affixed hereunto in the presence of:
obtained
S Particulars Details Mr./Ms.
13 Insurance Premium (if applicable)
No. Mr./Ms.
14 Date on which annual outstanding On demand by the customer
1 Loan / Facility amount balance statement will be issued Directors / of the Borrower in pursuance of the Board
Resolution dated and they have signed below the Seal to confirm Date Signature of Borrower Signature of Co-Borrower
2 Loan / Facility term
that the Seal was affixed in their presence.
3 Interest type (fixed or floating) Fixed *Applicable taxes extra for all fees and charges
##EMI amount payable every month except the last EMI Sole Proprietary Firm:
4 Interest chargeable# (In case of
Fixed Rate Loans) Mr./Ms.
# 1) The Borrower further agrees that the Bank shall be entitled to change the rate of interest, additional interest, penal interest and / or
5 Mode of communication of changes Letter/Email sent to the address of periodicity of charging interest etc. as mentioned herein at any time by giving notice to the Borrower and / or notifying on the notice board of Sole Proprietor/Proprietress of M/s. the
the Bank or in the local Newspaper and shall thereafter he entitled to charge interest at the changed rate / rests as if the same was provided
in interest rates correspondence/Email ID as updated in bank for in this agreement.
Borrower within-named R. C. Book verified
records. 2) The Borrower further covenants with the Bank to pay interest on the said credit facility or such sum as may be due by the Borrower to the Hindu Undivided Family (HUF):
Bank from time to time at the rate and periodicity as mentioned in Schedule - I till the entire said credit facilities and interest thereon is repaid
6 Fee payable* by the Borrower. The Borrower further agrees, in case of working capital limits, to pay minimum interest amounting to three months’ interest Shri
on the sanctioned limit as and by way of commitment charges. Provided that the interest payable by the Borrower shall be subject to the
a) On application (Pl individually a) Processing fee of _____% of loan changes in the interest rates made by the Reserve Bank of India and/ or the Bank from time to time. Karta of M/S. HUF for himself and on behalf of all
specify all type of fee ) amount at the time of disbursal 3) In default of payment of any one installment of monthly interest as stated above the Bank shall be entitled to demand payment of the entire co-parceners of the Borrower within-named
amount then outstanding in respect of the said credit facilities, as if the period for repayment has expired and shall also be entitled, on failure Date Branch Manager
b) Agreement franking charges as per to pay the interest at the end of each month, to debit to the Borrower’s accounts and capitalize the amount of such interest as if such amount Society:
actuals was a fresh loan advanced by the Bank to the Borrower and shall be entitled to charge like interest thereon, in addition to the charging
additional interest at the rate mentioned in the Schedule - I from the date of default to the date of payment of entire overdue amount with Shri. / Smt.
c) Cash Mode Repayment charges – interest.
Managing Committee members of the Society Ltd.,
Rs 1000 (if applicable) 4) For loans with tenure upto 3 years the interest rate has been calculated on the basis of the MCLR with maturity equal to the loan tenure.
Borrower within named in pursuance of the Managing Committee Resolution dated

Vehicle Loan Agreement Version 1.3/Apr. 2017 Vehicle Loan Agreement Version 1.3/Apr. 2017 Vehicle Loan Agreement Version 1.3/Apr. 2017 Vehicle Loan Agreement Version 1.3/Apr. 2017

5 of 40 6 of 40 7 of 40 8 of 40
 FACT SHEET b) During the term of the loan a) Duplicate Interest And Principal SCHEDULE - II Detailed Statement of the Hypothecated Assets
SCHEDULE - I (Pl individually specify all type Certificate – Rs.250 (General Description of the Hypothecated Vehicle) (To be obtained subsequent to purchase of the vehicle)
(Sanction Letter) of fee ) b) Duplicate No due certificate/NOC –
Rs. 250 a) Class of Vehicle S. Specification Description
c) Cheque swapping charges – Rs.250 No.
Description of Borrower b) Makers Name
d) Bounce Cheque charges – Rs.250 a. Class of Vehicle
Name s/o d/o w/o Address PAN Age c) Type of Body
e) CIBIL Report charges – Rs.50 b. Makers Name
d) Horse Power
f) Conversion to cash repayment mode – c. Type of Body
Rs 2000 e) Chassis No.
d. Year of Manufacture
g) No part pre-payment allowed f) Number of Cylinders
e. Number of Cylinders
c) On foreclosure (Pl individually a) No foreclosure allowed in the first 6
f. Chassis Numbers
specify all type of fee ) months of the loan tenor. IN WITNESS WHEREOF the Borrowers have executed these presents on the date mentioned g. Engine Numbers
b) Foreclosure within first 6 to 12 months of above.
the loan tenor – 5% charge on principal h. Horse Power
outstanding i. Color
Description of Co-borrower(s)/Guarantor(s) SIGNED AND DELIVERED BY j. Registered laded Weight:
c) Foreclosure after 12 months of the
Name s/o d/o w/o Address PAN Age loan tenor– 3% charge on principal Individual: 1. Front Axle
outstanding Mr./Ms. the Borrower within-named 2. Rear Axle
d) Penalty for delayed payments 2% additional interest per month on overdue Partnership Firm: k. Number, description & size of tyres
EMI amount Mr./Ms. l. Registration Number
7 Other conditions Mr./Ms. m. Date of RTO granting registration
8 EMI payable## Mr./Ms. n. Seating capacity
9 Last EMI payable All partners of M/s the Borrower within-named
10 Date of commencement of EMI Company:
Type of Loan Vehicle Loan – Two Wheeler / Four Wheeler 11 Mode of Repayment ECS / NACH / SI / PDC The common Seal of Pvt. Ltd.
Loan Purpose 12 Details of security/collateral As per schedule II
the Borrower within named has been affixed hereunto in the presence of:
obtained
S Particulars Details Mr./Ms.
13 Insurance Premium (if applicable)
No. Mr./Ms.
14 Date on which annual outstanding On demand by the customer
1 Loan / Facility amount balance statement will be issued Directors / of the Borrower in pursuance of the Board
Resolution dated and they have signed below the Seal to confirm Date Signature of Borrower Signature of Co-Borrower
2 Loan / Facility term
that the Seal was affixed in their presence.
3 Interest type (fixed or floating) Fixed *Applicable taxes extra for all fees and charges
##EMI amount payable every month except the last EMI Sole Proprietary Firm:
4 Interest chargeable# (In case of
Fixed Rate Loans) Mr./Ms.
# 1) The Borrower further agrees that the Bank shall be entitled to change the rate of interest, additional interest, penal interest and / or
5 Mode of communication of changes Letter/Email sent to the address of periodicity of charging interest etc. as mentioned herein at any time by giving notice to the Borrower and / or notifying on the notice board of Sole Proprietor/Proprietress of M/s. the
the Bank or in the local Newspaper and shall thereafter he entitled to charge interest at the changed rate / rests as if the same was provided
in interest rates correspondence/Email ID as updated in bank for in this agreement.
Borrower within-named R. C. Book verified
records. 2) The Borrower further covenants with the Bank to pay interest on the said credit facility or such sum as may be due by the Borrower to the Hindu Undivided Family (HUF):
Bank from time to time at the rate and periodicity as mentioned in Schedule - I till the entire said credit facilities and interest thereon is repaid
6 Fee payable* by the Borrower. The Borrower further agrees, in case of working capital limits, to pay minimum interest amounting to three months’ interest Shri
on the sanctioned limit as and by way of commitment charges. Provided that the interest payable by the Borrower shall be subject to the
a) On application (Pl individually a) Processing fee of _____% of loan changes in the interest rates made by the Reserve Bank of India and/ or the Bank from time to time. Karta of M/S. HUF for himself and on behalf of all
specify all type of fee ) amount at the time of disbursal 3) In default of payment of any one installment of monthly interest as stated above the Bank shall be entitled to demand payment of the entire co-parceners of the Borrower within-named
amount then outstanding in respect of the said credit facilities, as if the period for repayment has expired and shall also be entitled, on failure Date Branch Manager
b) Agreement franking charges as per to pay the interest at the end of each month, to debit to the Borrower’s accounts and capitalize the amount of such interest as if such amount Society:
actuals was a fresh loan advanced by the Bank to the Borrower and shall be entitled to charge like interest thereon, in addition to the charging
additional interest at the rate mentioned in the Schedule - I from the date of default to the date of payment of entire overdue amount with Shri. / Smt.
c) Cash Mode Repayment charges – interest.
Managing Committee members of the Society Ltd.,
Rs 1000 (if applicable) 4) For loans with tenure upto 3 years the interest rate has been calculated on the basis of the MCLR with maturity equal to the loan tenure.
Borrower within named in pursuance of the Managing Committee Resolution dated

Vehicle Loan Agreement Version 1.3/Apr. 2017 Vehicle Loan Agreement Version 1.3/Apr. 2017 Vehicle Loan Agreement Version 1.3/Apr. 2017 Vehicle Loan Agreement Version 1.3/Apr. 2017

5 of 40 6 of 40 7 of 40 8 of 40
 DEMAND PROMISSORY NOTE

ON DEMAND, I/ We, ,

jointly and severally promise to pay RBL Bank Limited, or order, the sum of Rs.

(Rupees

only) in consideration of full value received together

with interest at % p. a. with monthly / quarterly rests or such other rate as the Bank may fix from

time to time, in relation to the Base Rate, from the date hereof till the date of payment.

Presentment for payment and noting and protest of this note are hereby unconditionally waived.

Rs. /- (Rupees only)

Name and Signature of Borrower

Revenue
Stamp of
Re. 1/- to be
affixed
Name and Signature of Co- borrower(s)

(Signature across Revenue

Place: Stamp by Borrower &
Co-borrower(s))
Date:

(IN CASE OF A COMPANY)

For Private Limited/Limited

Authorized Signatory/Director(s)

Address of the Company

(Rubber stamp of the Company’s Authorized Signatories should be affixed)

9 of 40
blank

10 of 40
 FORM 26
(See Rule 53)
Intimation of loss or destruction etc. of the Certificate of Registration and application for the issue of Duplicate Certificate of Registration (To be made
in duplicate if the Vehicle is held under an agreement of hire-/hypothecation/lease and the duplicate copy with the endorsement of the Registering
Authority to be returned to the Financier simultaneously on the issue of duplicate.

To
The Registering Authority

Sir,
The Certificate of Registration of my/our Motor Vehicle, the Registration Mark of which is has been lost/destroyed/completely written
- off / soiled / mutilated in the following circumstances.
I/we hereby declare that to the best of my/our knowledge the registration of the Vehicle has not been suspended or cancelled under the provisions of
the Act or rules made thereunder and the circumstances explained above are true.
I/we do hereby apply for the issue of a duplicate certificate of Registration. I have enclosed written off/solid/torn/mutilated Certificate of Registration.
The Vehicle is not held under any agreement of hire purchase/lease/hypothecation.
I/we have reported the loss to the Police Station on / / (date) The Vehicle is also not superdari and free from all encumbrances.

Date / /
*
Signature of the applicant
Application alongwith full address
Strike out whichever is inapplicable.
The vehicle is held under Hire purchase/Lease/Hypothecation agreement with RBL Bank Limited and the “No Objection Certificate” obtained from
the financier is enclosed.
(Where “No objection certificate” is not enclosed, applicant shall make a declaration as required under sub-section (8) of Section 51)
Signature of Owner:
Note: (1) Full particulars of the circumstances shall be furnished in the case of loss or destruction of the Registration certificate.
(2) Strike out whichever is inapplicable.
Name Specimen Signature
Full Address

FORM 26
(See Rule 53)
Intimation of loss or destruction etc. of the Certificate of Registration and application for the issue of Duplicate Certificate of Registration (To be made
in duplicate if the Vehicle is held under an agreement of hire-/hypothecation/lease and the duplicate copy with the endorsement of the Registering
Authority to be returned to the Financier simultaneously on the issue of duplicate.

To
The Registering Authority

Sir,
The Certificate of Registration of my/our Motor Vehicle, the Registration Mark of which is has been lost/destroyed/completely written
- off / soiled / mutilated in the following circumstances.
I/we hereby declare that to the best of my/our knowledge the registration of the Vehicle has not been suspended or cancelled under the provisions of
the Act or rules made thereunder and the circumstances explained above are true.
I/we do hereby apply for the issue of a duplicate certificate of Registration. I have enclosed written off/solid/torn/mutilated Certificate of Registration.
The Vehicle is not held under any agreement of hire purchase/lease/hypothecation.
I/we have reported the loss to the Police Station on / / (date) The Vehicle is also not superdari and free from all encumbrances.

Date / /
*
Signature of the applicant
Application alongwith full address
Strike out whichever is inapplicable.
The vehicle is held under Hire purchase/Lease/Hypothecation agreement with RBL Bank Limited and the “No Objection Certificate” obtained from
the financier is enclosed.
(Where “No objection certificate” is not enclosed, applicant shall make a declaration as required under sub-section (8) of Section 51)
Signature of Owner:
Note: (1) Full particulars of the circumstances shall be furnished in the case of loss or destruction of the Registration certificate.
(2) Strike out whichever is inapplicable.
Name Specimen Signature
Full Address

11 of 40
 CONSENT OF THE FINANCIER FOR GRANT OF “NO OBJECTION CERTIFICATE”
“UNDER SECTION 51(6)”
I/We being a party to an agreement of Hire Purchase/Lease/Hypothecation in respect of Motor Vehicle specified above.
1) have ‘No Objection’ in issue of the Duplicate Certificate of Registration of the said Vehicle.
2) have ‘Objection’ in issue of the duplicate Registration Certificate of the said vehicle, for the reasons give hereunder

Date / /
x
Signature of Financier

FOR OFFICE ENDORSEMENT

Reference Number dated Office of the

A duplicate Certificate of Registration as requested above is issued with the note of Agreement of Hire purchase/
Lease/Hypothecation dated and is noted in original registration records in Form 24.

To
RBL Bank Limited

(name and address of the Financier)

By registered post or deliver under proper acknowledgement

x
Signature of Registering Authority

CONSENT OF THE FINANCIER FOR GRANT OF “NO OBJECTION CERTIFICATE”

“UNDER SECTION 51(6)”
I/We being a party to an agreement of Hire Purchase/Lease/Hypothecation in respect of Motor Vehicle specified above.
1) have ‘No Objection’ in issue of the Duplicate Certificate of Registration of the said Vehicle.
2) have ‘Objection’ in issue of the duplicate Registration Certificate of the said vehicle, for the reasons give hereunder

Date / /
x
Signature of Financier

FOR OFFICE ENDORSEMENT

Reference Number dated Office of the

A duplicate Certificate of Registration as requested above is issued with the note of Agreement of Hire purchase/
Lease/Hypothecation dated and is noted in original registration records in Form 24.

To
RBL Bank Limited

(name and address of the Financier)

By registered post or deliver under proper acknowledgement

x
Signature of Registering Authority

12 of 40
 FORM 27
(See Rule 54)
APPLICATION FOR ASSIGNMENT OF NEW REGISTRATION MARK TO A MOTOR VEHICLE
(To be made in Triplicate if the vehicle is held under an agreement of Hire Purchase/Lease/Hypothecation, the duplicate and the triplicate copy with
the endorsement of the Registering authority to be returned to the Financier and Original Registering Authority simultaneously, on the assignment
of a new Registration mark).

To,
The Registering Authority

I/We

son/wife/daughter of

being the registered owner of Motor owner of Motor vehicle No.

bearing chassis No. engine No. type of vehicle

registered in the State of: hereby declare that I/We have, since the day of

Kept the said Motor Vehicle in this State and hereby apply for the assignment of a New Registration
Mark to the said motor vehicle.

I/We, hereby declare that the registration is valid upto and it has not been suspended or cancelled under the
provisions of this Act.

I/We enclose the certificate of Registration and the Certificate of fitness (*) of this Motor Vehicle. I/We enclose a “No Objection Certificate” from the
Registering Authority.

If the ‘No objection Certificate’ from the Registering Authority is not enclosed the applicant should file along with this application a declaration as
required under the first provise to sub-section (1) of Section 47

* The Vehicle is not subject to an agreement of hire-purchase/lease/hypothecation.

* The vehicle is subject to an agreement of hire-purchase/lease/hypothecation with and I/We enclose the NOC
received from financier.

If ‘No Objection Certificate’ from the financier is not enclosed, the applicant should file along with the application as required under sub-section (8)
of Section 51.

Date / /
*
Signature or Thumb Impression
of the APPLICANT
Strike out whichever is inapplicable.

13 of 40
 CONSENT OF THE FINANCIER FOR GRANT OF “NO OBJECTION CERTIFICATE”
“UNDER SECTION 51(6)”
I/We being a party to an agreement of Hire Purchase/Lease/Hypothecation in respect of Motor Vehicle specified above.
1) Have No Objection in assigning the new Registration Mark to the said Vehicle.
2) Have Objection in assigning the new Registration mark to the said vehicle for the reason given hereunder

Date / /
x
Signature of the Financier

OFFICE ENDORSEMENT

Ref. No. Date

Office of the

The Vehicle No. On removal to this state has been assigned a new

Registration Mark and (date)

(here enter the Registration, Mark)

Date / /
x
Signature of the Financier

To, To
RBL Bank Limited The Registering Authority

(Name and Address of the Financier)

By registered post or delivered under proper acknowledgement

(To be sent to both the above parties by Registered Post Acknowledgement due).

14 of 40
 FORM 27
(See Rule 54)
APPLICATION FOR ASSIGNMENT OF NEW REGISTRATION MARK TO A MOTOR VEHICLE
(To be made in Triplicate if the vehicle is held under an agreement of Hire Purchase/Lease/Hypothecation, the duplicate and the triplicate copy with
the endorsement of the Registering authority to be returned to the Financier and Original Registering Authority simultaneously, on the assignment
of a new Registration mark).

To,
The Registering Authority

I/We

son/wife/daughter of

being the registered owner of Motor owner of Motor vehicle No.

bearing chassis No. engine No. type of vehicle

registered in the State of: hereby declare that I/We have, since the day of

Kept the said Motor Vehicle in this State and hereby apply for the assignment of a New Registration
Mark to the said motor vehicle.

I/We, hereby declare that the registration is valid upto and it has not been suspended or cancelled under the
provisions of this Act.

I/We enclose the certificate of Registration and the Certificate of fitness (*) of this Motor Vehicle. I/We enclose a “No Objection Certificate” from the
Registering Authority.

If the ‘No objection Certificate’ from the Registering Authority is not enclosed the applicant should file along with this application a declaration as
required under the first provise to sub-section (1) of Section 47

* The Vehicle is not subject to an agreement of hire-purchase/lease/hypothecation.

* The vehicle is subject to an agreement of hire-purchase/lease/hypothecation with and I/We enclose the NOC
received from financier.

If ‘No Objection Certificate’ from the financier is not enclosed, the applicant should file along with the application as required under sub-section (8)
of Section 51.

Date / /
*
Signature or Thumb Impression
of the APPLICANT
Strike out whichever is inapplicable.

15 of 40
 CONSENT OF THE FINANCIER FOR GRANT OF “NO OBJECTION CERTIFICATE”
“UNDER SECTION 51(6)”
I/We being a party to an agreement of Hire Purchase/Lease/Hypothecation in respect of Motor Vehicle specified above.
1) Have No Objection in assigning the new Registration Mark to the said Vehicle.
2) Have Objection in assigning the new Registration mark to the said vehicle for the reason given hereunder

Date / /
x
Signature of the Financier

OFFICE ENDORSEMENT

Ref. No. Date

Office of the

The Vehicle No. On removal to this state has been assigned a new

Registration Mark and (date)

(here enter the Registration, Mark)

Date / /
x
Signature of the Financier

To, To
RBL Bank Limited The Registering Authority

(Name and Address of the Financier)

By registered post or delivered under proper acknowledgement

(To be sent to both the above parties by Registered Post Acknowledgement due).

16 of 40
 FORM 28
(See Rule 54, 58(1) and)
APPLICATION AND GRANT OF NO OBJECTION CERTIFICATE
(To be made in Quadraplicate if the Vehicle is held under an agreement of Hire Purchase / Lease / Hypothecation, the duplicate copy, the triplicate copy
and the quadraplicate copy with the endorsement of the Registering authority to be returned to the Registered Owner of the Vehicle, the Registering
Authority in whose Jurisdiction the Vehicle is to be removed and the Financier simultaneously on grant / refusal of the No Objection Certificate.)

PART - I APPLICATION

To,

The Registering Authority

I/We intend to transfer the vehicle to the jurisdiction of the Registering Authority

I/We intend to sell the vehicle to Shri / Smt. / Kumari who resides in the

jurisdiction of the Registering Authority of the State of

I/We therefore request for the issue of a “No Objection Certificate” for my / our vehicle the particular of which are furnished below:

1. Name and address :

2. Son/Wife/Daughter of :
3. Registration number of the vehicle :
4. Class of vehicle :
5. Registering Authority which originally registered the vehicle :
6. Engine Number :
7. Chassis number - Affix pencil print :
8. Period of stay in the State :
9. Period upto which motor vehicle tax has been paid :
10. Whether any demand for tax is pending if so, given details :
11. Whether the vehicle is involved in any theft cases if so give details :
12. Whether any action under Section, 53, 54 or 55 of the Motor Vehicle Act 1988 :
is pending before any Registering Authority or other prescribed authority if
so, give details.
13. Whether the vehicle is involved in any case of transport of prohibited goods, :
if so, give details.
14. Whether the vehicle is held under an Agreement of Hire Purchase Lease/ :
Hypothecation. If so give full name and address of the financier.

I/We solemnly declare that the above statement is true.

Date / /
*
Signature or Thumb Impression of
REGISTERED OWNER

17 of 40
 CONSENT OF THE FINANCIERS IN THE CASE OF MOTOR VEHICLE SUBJECT
TO AN AGREEMENT
I/We being a party to an agreement of Hire Purchase/Lease/Hypothecation in respect of the above said vehicle hereby.
1) Give consent to issue the No Objection Certificate for the said vehicle only for the purpose referred above.
2) Refuse to give consent for issue of No Objection Certificate for the said vehicle due to the reasons furnished hereunder.

Date / /
x
Signature of the FINANCIER

PART - II - OFFICE ENDORSEMENT

(Grant/refusal of “No Objection Certificate” under Section 48(3) of M.V.Act, 1988)

*(1) No objection Certificate in respect of the vehicle, the detailed particulars whereof are recorded over above is hereby granted under section 48(3)
of M.V.Act, 1988. (Valid for use at the Registering Authority on whom it is issued).
*(2) No Objection Certificate in respect of the motor vehicle, the detailed particulars whereof recorded over above is hereby refused under Section
48(3) of M.V.Act, 1988 for the reasons recorded as under :

Date / /
x
Signature with seal of REGISTERING
*Strike out whichever is inapplicable. AUTHORITY

Address

To
The Registered Owner

To
RBL Bank Limited

(Name and Address of the Financier)

By registered post of delivered under proper acknowledgement

The Registered Authority

(To be sent to all the above three parties by Registered post Acknowledgement due)

18 of 40
 FORM 28
(See Rule 54, 58(1) and)
APPLICATION AND GRANT OF NO OBJECTION CERTIFICATE
(To be made in Quadraplicate if the Vehicle is held under an agreement of Hire Purchase / Lease / Hypothecation, the duplicate copy, the triplicate copy
and the quadraplicate copy with the endorsement of the Registering authority to be returned to the Registered Owner of the Vehicle, the Registering
Authority in whose Jurisdiction the Vehicle is to be removed and the Financier simultaneously on grant / refusal of the No Objection Certificate.)

PART - I APPLICATION

To,

The Registering Authority

I/We intend to transfer the vehicle to the jurisdiction of the Registering Authority

I/We intend to sell the vehicle to Shri / Smt. / Kumari who resides in the

jurisdiction of the Registering Authority of the State of

I/We therefore request for the issue of a “No Objection Certificate” for my / our vehicle the particular of which are furnished below:

1. Name and address :

2. Son/Wife/Daughter of :
3. Registration number of the vehicle :
4. Class of vehicle :
5. Registering Authority which originally registered the vehicle :
6. Engine Number :
7. Chassis number - Affix pencil print :
8. Period of stay in the State :
9. Period upto which motor vehicle tax has been paid :
10. Whether any demand for tax is pending if so, given details :
11. Whether the vehicle is involved in any theft cases if so give details :
12. Whether any action under Section, 53, 54 or 55 of the Motor Vehicle Act 1988 :
is pending before any Registering Authority or other prescribed authority if
so, give details.
13. Whether the vehicle is involved in any case of transport of prohibited goods, :
if so, give details.
14. Whether the vehicle is held under an Agreement of Hire Purchase Lease/ :
Hypothecation. If so give full name and address of the financier.

I/We solemnly declare that the above statement is true.

Date / /
*
Signature or Thumb Impression of
REGISTERED OWNER

19 of 40
 CONSENT OF THE FINANCIERS IN THE CASE OF MOTOR VEHICLE SUBJECT
TO AN AGREEMENT
I/We being a party to an agreement of Hire Purchase/Lease/Hypothecation in respect of the above said vehicle hereby.
1) Give consent to issue the No Objection Certificate for the said vehicle only for the purpose referred above.
2) Refuse to give consent for issue of No Objection Certificate for the said vehicle due to the reasons furnished hereunder.

Date / /
x
Signature of the FINANCIER

PART - II - OFFICE ENDORSEMENT

(Grant/refusal of “No Objection Certificate” under Section 48(3) of M.V.Act, 1988)

*(1) No objection Certificate in respect of the vehicle, the detailed particulars whereof are recorded over above is hereby granted under section 48(3)
of M.V.Act, 1988. (Valid for use at the Registering Authority on whom it is issued).
*(2) No Objection Certificate in respect of the motor vehicle, the detailed particulars whereof recorded over above is hereby refused under Section
48(3) of M.V.Act, 1988 for the reasons recorded as under :

Date / /
x
Signature with seal of REGISTERING
*Strike out whichever is inapplicable. AUTHORITY

Address

To
The Registered Owner

To
RBL Bank Limited

(Name and Address of the Financier)

By registered post of delivered under proper acknowledgement

The Registered Authority

(To be sent to all the above three parties by Registered post Acknowledgement due)

20 of 40
 FORM 28
(See Rule 54, 58(1) and)
APPLICATION AND GRANT OF NO OBJECTION CERTIFICATE
(To be made in Quadraplicate if the Vehicle is held under an agreement of Hire Purchase / Lease / Hypothecation, the duplicate copy, the triplicate copy
and the quadraplicate copy with the endorsement of the Registering authority to be returned to the Registered Owner of the Vehicle, the Registering
Authority in whose Jurisdiction the Vehicle is to be removed and the Financier simultaneously on grant / refusal of the No Objection Certificate.)

PART - I APPLICATION

To,

The Registering Authority

I/We intend to transfer the vehicle to the jurisdiction of the Registering Authority

I/We intend to sell the vehicle to Shri / Smt. / Kumari who resides in the

jurisdiction of the Registering Authority of the State of

I/We therefore request for the issue of a “No Objection Certificate” for my / our vehicle the particular of which are furnished below:

1. Name and address :

2. Son/Wife/Daughter of :
3. Registration number of the vehicle :
4. Class of vehicle :
5. Registering Authority which originally registered the vehicle :
6. Engine Number :
7. Chassis number - Affix pencil print :
8. Period of stay in the State :
9. Period upto which motor vehicle tax has been paid :
10. Whether any demand for tax is pending if so, given details :
11. Whether the vehicle is involved in any theft cases if so give details :
12. Whether any action under Section, 53, 54 or 55 of the Motor Vehicle Act 1988 :
is pending before any Registering Authority or other prescribed authority if
so, give details.
13. Whether the vehicle is involved in any case of transport of prohibited goods, :
if so, give details.
14. Whether the vehicle is held under an Agreement of Hire Purchase Lease/ :
Hypothecation. If so give full name and address of the financier.

I/We solemnly declare that the above statement is true.

Date / /
*
Signature or Thumb Impression of
REGISTERED OWNER

21 of 40
 CONSENT OF THE FINANCIERS IN THE CASE OF MOTOR VEHICLE SUBJECT
TO AN AGREEMENT
I/We being a party to an agreement of Hire Purchase/Lease/Hypothecation in respect of the above said vehicle hereby.
1) Give consent to issue the No Objection Certificate for the said vehicle only for the purpose referred above.
2) Refuse to give consent for issue of No Objection Certificate for the said vehicle due to the reasons furnished hereunder.

Date / /
x
Signature of the FINANCIER

PART - II - OFFICE ENDORSEMENT

(Grant/refusal of “No Objection Certificate” under Section 48(3) of M.V.Act, 1988)

*(1) No objection Certificate in respect of the vehicle, the detailed particulars whereof are recorded over above is hereby granted under section 48(3)
of M.V.Act, 1988. (Valid for use at the Registering Authority on whom it is issued).
*(2) No Objection Certificate in respect of the motor vehicle, the detailed particulars whereof recorded over above is hereby refused under Section
48(3) of M.V.Act, 1988 for the reasons recorded as under :

Date / /
x
Signature with seal of REGISTERING
*Strike out whichever is inapplicable. AUTHORITY

Address

To
The Registered Owner

To
RBL Bank Limited

(Name and Address of the Financier)

By registered post of delivered under proper acknowledgement

The Registered Authority

(To be sent to all the above three parties by Registered post Acknowledgement due)

22 of 40
 FORM 29
(See Rule 55 (1))
NOTICE OF TRANSFER OF OWNERSHIP OF A MOTOR VEHICLE
(To be made in duplicate and the duplicate copy with the endorsement of the Registering Authority to be returned to the Transferor immediately on
making entries of transfer of ownership in certificate of Registration and Form 24)

To,
The Registering Authority
(In whose jurisdiction the transferee resides)
I/We Resident
at have on the
day of the year Sold and delivered my/our Vehicle No.
make Chassis No. Engine No. to
Shri/Smt/M/s (Son/Wife/Daughter) of
residing at/having its registered office at

The Registration Certificate and Insurance Certificate has been handed over to him / her / them.
To the best of my / our knowledge and belief the vehicle is not superdari and free from all encumbrance and information submitted is true.
I/We undertake to hold my/our self responsible for any inaccuracy or suppression of the information.

Date / /
*
Signature or Thumb-Impression of
Registered Owner. (Transferor)
Cc:
1. (Name and address of the Transferee)
2. Copy to the Registring Authority in whose jurisdiction the transferor reside
Note: To be sent to Registering Authority by Regd. Post Acknowledgement due.

FORM 29
(See Rule 55 (1))
NOTICE OF TRANSFER OF OWNERSHIP OF A MOTOR VEHICLE
(To be made in duplicate and the duplicate copy with the endorsement of the Registering Authority to be returned to the Transferor immediately on
making entries of transfer of ownership in certificate of Registration and Form 24)

To,
The Registering Authority
(In whose jurisdiction the transferee resides)
I/We Resident
at have on the
day of the year Sold and delivered my/our Vehicle No.
make Chassis No. Engine No. to
Shri/Smt/M/s (Son/Wife/Daughter) of
residing at/having its registered office at

The Registration Certificate and Insurance Certificate has been handed over to him / her / them.
To the best of my / our knowledge and belief the vehicle is not superdari and free from all encumbrance and information submitted is true.
I/We undertake to hold my/our self responsible for any inaccuracy or suppression of the information.

Date / /
*
Signature or Thumb-Impression of
Registered Owner. (Transferor)
Cc:
1. (Name and address of the Transferee)
2. Copy to the Registring Authority in whose jurisdiction the transferor reside
Note: To be sent to Registering Authority by Regd. Post Acknowledgement due.

23 of 40
 FOR OFFICE ENDORSEMENT

Ref. No. Dated / / Office of the

The ownership of the Vehicle has been transferred to the name of

with the note of the above said Agreement with effect from / / (date)

To,

x
(The Transferor) Signature of Registering Authority

By Registered post or under proper acknowledgement.

*Strike out whichever is inapplicable. (With Office Seal)

OFFICE ENDORSEMENT

Ref. No. Dated / / Office of the

The ownership of the Vehicle has been transferred to the name of

with the note of the above said Agreement with effect from / / (date)

To,

x
(The Transferor) Signature of Registering Authority

By Registered post or under proper acknowledgement.

*Strike out whichever is inapplicable. (With Office Seal)

24 of 40
 FORM 30
(See Rule 55 (2))
To be made in duplicate if the Vehicle is held under an agreement of Hire Purchase / Lease / Hypothecation and the duplicate copy with the endorsement
of the Registering Authority to be returned to the financier simultaneously on making the entry of transfer of ownership in the certificate of Registration
and Form 24

To,
The Registering Authority,

PART -I- FOR THE USE OF THE TRANSFEROR

Name of the Transferor

Son/Wife/Daughter of

Full Address

I/We hereby, declare that I/We have on this day of the year sold

my/our Vehicle (s) bearing registration mark to

Shri/Smt. Son/Wife/Daughter of

residing at
(full address) and handed over the Certificate of Registration and the Certificate of Insurance to him/her/them.

I/We hereby declare that to the best of my/our knowledge the Certificate of Registration of the Vehicle has been/has not been suspended or cancelled.
** I enclose the “No Objection Certificate” issued by the Registering Authority.
** If the “No Objection Certificate” from the Registering authority is not enclosed the transfer should file alongwith this application a declaration
as required under the sub-section (1) of Section 50.

Date / /
*
Signature of the Transferor
* Details of suspension or cancellation.
** Strike out, whichever is inapplicable.

PART - II FOR THE USE OF THE TRANSFEREE

To,

The Registering Authority,

Name of the Transferee

Son/Wife/Daughter of

Full Address

(Proof of address to be enclosed)

25 of 40
 PART - II FOR THE USE OF THE TRANSFEREE (contd...)

I, hereby, declare that I/we have on this day of the year

purchased the motor vehicle bearing registration number

from (name and full address) and

request that necessary entries regarding the transfer of ownership of the vehicle in my/our name may be recorded in the Certificate of Registration
Certificate of Fitness of the vehicle which is enclosed.
The Certificate of insurance is also enclosed. To the best of my knowledge and belief I/We does not suppressed any facts and the information furnished
is true. The vehicle is not superdari and free from all encumbrance. I undertake to hold myself responsible for any inaccuracy of the information.

Date / /
x
Signature or Thumb Impression of the
Transferee

Consent of the Financier in the case of Motor Vehicle subject to an Agreement of Hire Purchase/Lease/Hypothecation.
I/We being a party to an agreement of Hire-Purchase/Lease/Hypothecation in respect of motor vehicle specified above, give consent to the transfer or
ownership of the said motor vehicle in the name of the Transferee named above, with whom I/We have entered into an agreement of Hire - Purchase/
Lease/Hypothecation.

RBL Bank Limited

(Full name and address of the Financier)

x
Signature of the Financier
Date / /
Date / /

OFFICE ENDORSEMENT

Ref. No. Dated Office of the

The Transfer of ownership of a motor vehicle under continuation of an endorsement of Hire - Purchase/Lease/Hypothecation agreement has been
recorded with effect from in the Registration Certificate of the Vehicle
and in the Registration record of this office in Form-24.

Date / /
x
Signature of the Registering Authority

From To

(Name and address of the Transferor) (Name and address of the Financier)

(To be sent to both the above parties by Registered Post Acknowledgement due)

Specimen signature of thumb impression of the Regd. owner and the Financier are to be obtained in the original application for affixing final attestation
by the registering Authority with the office seal in form 23 & 24 in such a manner that the part of impression of seal or stamp and attestation shall
fall upon each signature.
------------------------------------------------------------------------------------------------------------------------------------------------------------------

Specimen Signature of the financier Specimen Signature of the Registered owner

1. 1.

2. 2.

26 of 40
 FORM 30
(See Rule 55 (2))
To be made in duplicate if the Vehicle is held under an agreement of Hire Purchase / Lease / Hypothecation and the duplicate copy with the endorsement
of the Registering Authority to be returned to the financier simultaneously on making the entry of transfer of ownership in the certificate of Registration
and Form 24

To,
The Registering Authority,

PART -I- FOR THE USE OF THE TRANSFEROR

Name of the Transferor

Son/Wife/Daughter of

Full Address

I/We hereby, declare that I/We have on this day of the year sold

my/our Vehicle (s) bearing registration mark to

Shri/Smt. Son/Wife/Daughter of

residing at
(full address) and handed over the Certificate of Registration and the Certificate of Insurance to him/her/them.

I/We hereby declare that to the best of my/our knowledge the Certificate of Registration of the Vehicle has been/has not been suspended or cancelled.
** I enclose the “No Objection Certificate” issued by the Registering Authority.
** If the “No Objection Certificate” from the Registering authority is not enclosed the transfer should file alongwith this application a declaration
as required under the sub-section (1) of Section 50.

Date / /
*
Signature of the Transferor
* Details of suspension or cancellation.
** Strike out, whichever is inapplicable.

PART - II FOR THE USE OF THE TRANSFEREE

To,

The Registering Authority,

Name of the Transferee

Son/Wife/Daughter of

Full Address

(Proof of address to be enclosed)

27 of 40
 PART - II FOR THE USE OF THE TRANSFEREE (contd...)

I, hereby, declare that I/we have on this day of the year

purchased the motor vehicle bearing registration number

from (name and full address) and

request that necessary entries regarding the transfer of ownership of the vehicle in my/our name may be recorded in the Certificate of Registration
Certificate of Fitness of the vehicle which is enclosed.
The Certificate of insurance is also enclosed. To the best of my knowledge and belief I/We does not suppressed any facts and the information furnished
is true. The vehicle is not superdari and free from all encumbrance. I undertake to hold myself responsible for any inaccuracy of the information.

Date / /
x
Signature or Thumb Impression of the
Transferee

Consent of the Financier in the case of Motor Vehicle subject to an Agreement of Hire Purchase/Lease/Hypothecation.
I/We being a party to an agreement of Hire-Purchase/Lease/Hypothecation in respect of motor vehicle specified above, give consent to the transfer or
ownership of the said motor vehicle in the name of the Transferee named above, with whom I/We have entered into an agreement of Hire - Purchase/
Lease/Hypothecation.

RBL Bank Limited

(Full name and address of the Financier)

x
Signature of the Financier
Date / /
Date / /

OFFICE ENDORSEMENT

Ref. No. Dated Office of the

The Transfer of ownership of a motor vehicle under continuation of an endorsement of Hire - Purchase/Lease/Hypothecation agreement has been
recorded with effect from in the Registration Certificate of the Vehicle
and in the Registration record of this office in Form-24.

Date / /
x
Signature of the Registering Authority

From To

(Name and address of the Transferor) (Name and address of the Financier)

(To be sent to both the above parties by Registered Post Acknowledgement due)

Specimen signature of thumb impression of the Regd. owner and the Financier are to be obtained in the original application for affixing final attestation
by the registering Authority with the office seal in form 23 & 24 in such a manner that the part of impression of seal or stamp and attestation shall
fall upon each signature.
------------------------------------------------------------------------------------------------------------------------------------------------------------------

Specimen Signature of the financier Specimen Signature of the Registered owner

1. 1.

2. 2.

28 of 40
 FORM 33
(See Rule 59)
INTIMATION OF CHANGE OF ADDRESS FOR RECORDING IN THE CERTIFICATE OF
REGISTRATION AND OFFICE RECORDS
(To be made in Triplicate if the vehicle is held under an agreement of Hire Purchase/Lease/Hypothecation, the duplicate and the triplicate copy with
the endorsement of the Registering authority to be returned to the Financier and Original Registering Authority simultaneously, on making the entry
of change of address in the Certificate of Registration and Form 24).

To,
The Registration Authority,

I / We Son / Wife / daughter of

(full address)
Registered owner of the motor vehicle number .
Have ceased to reside do not have the place of business at the address recorded in the certificate of registration of Registration with effect from

The present address is given below (evidence to be enclosed)

* The vehicle is not under any agreement of Hire-Purchase / Lease / Hypothecation
* The vehicle is held under an agreement of Hire-Purchase / Lease / Hypothecation with
(Name & Full address of the Financier). The Certificate of Registration is enclosed.
I / We request that the change of address may be recorded in the certificate of registration and Form 24.
* Strike off whichever is inapplicable

Date / /
*
Signature or Thumb Impression of
Registered Owner Authorised signatory

FORM 33
(See Rule 59)
INTIMATION OF CHANGE OF ADDRESS FOR RECORDING IN THE CERTIFICATE OF
REGISTRATION AND OFFICE RECORDS
(To be made in Triplicate if the vehicle is held under an agreement of Hire Purchase/Lease/Hypothecation, the duplicate and the triplicate copy with
the endorsement of the Registering authority to be returned to the Financier and Original Registering Authority simultaneously, on making the entry
of change of address in the Certificate of Registration and Form 24).

To,
The Registration Authority,

I / We Son / Wife / daughter of

(full address)
Registered owner of the motor vehicle number .
Have ceased to reside do not have the place of business at the address recorded in the certificate of registration of Registration with effect from

The present address is given below (evidence to be enclosed)

* The vehicle is not under any agreement of Hire-Purchase / Lease / Hypothecation
* The vehicle is held under an agreement of Hire-Purchase / Lease / Hypothecation with
(Name & Full address of the Financier). The Certificate of Registration is enclosed.
I / We request that the change of address may be recorded in the certificate of registration and Form 24.
* Strike off whichever is inapplicable

Date / /
*
Signature or Thumb Impression of
Registered Owner Authorised signatory

29 of 40
 CONSENT OF THE FINANCIER IN THE CASE OF MOTOR VEHICLE HELD
UNDER AN AGREEMENT
I/We being a party to agreement of Hire Purchase/ Lease / Hypothecation in respect of the above said vehicle, hereby:
1. Given consent for effecting the above change of Address with the note of an agreement in my / our favour in Form 23 & 24 by the Registering
Authority.
2. Refuse to give consent for effecting the above change of address by the Registering Authority due to the reasons furnished hereunder.

For RBL Bank Limited

OFFICE ENDORSEMENT

Ref. number Dated / / Office of the

The entry ofthe Agreement of Hire - Purchase/Lease/Hypothecation as requested above is recorded in this office record in Form 24 and Certificate of Registration
on

x
Date / /

To

RBL Bank Limited

(Name and address of the Financier)

By registered post, or delivered under proper acknowledgement.

30 of 40
 FORM 34
(See Rule 60)
APPLICATION FOR MAKING AN ENTRY OF AN AGREEMENT OF
HIRE PURCHASE/LEASE/HYPOTHECATION SUBSEQUENT TO REGISTRATION

(To be made in duplicate and the triplicate where the original Registering Authority is different. The duplicate copy and the triplicate copy with the
endorsement of the Registering Authority to be returned to The Financier and Registering Authority simultaneously on making the entry in the
Certificate of Registration and Form 24)

To,
The Registering Authority,

The Motor Vehicle bearing registration number is the subject of an Agreement

Hire Purchase/Lease/Hypothecation between The Registered Owner and RBL Bank Limited (Fill the full name and
address of the financier)
I/We request that an entry of the Agreement be made in the Certificate of Registration and the relevant records in your office. The Certificate of
Registration together with the fee is enclosed.

Date / /
*
Signature or Thumb Impression of
Registered owner

Date / / For RBL Bank Limited

* Strike out, whichever is inapplicable. x
Authorised Signatory

FORM 34
(See Rule 60)
APPLICATION FOR MAKING AN ENTRY OF AN AGREEMENT OF
HIRE PURCHASE/LEASE/HYPOTHECATION SUBSEQUENT TO REGISTRATION

(To be made in duplicate and the triplicate where the original Registering Authority is different. The duplicate copy and the triplicate copy with the
endorsement of the Registering Authority to be returned to The Financier and Registering Authority simultaneously on making the entry in the
Certificate of Registration and Form 24)

To,
The Registering Authority,

The Motor Vehicle bearing registration number is the subject of an Agreement

Hire Purchase/Lease/Hypothecation between The Registered Owner and RBL Bank Limited. (Fill the full name and
address of the financier)
I/We request that an entry of the Agreement be made in the Certificate of Registration and the relevant records in your office. The Certificate of
Registration together with the fee is enclosed.

Date / /
*
Signature or Thumb Impression of
Registered owner

Date / / For RBL Bank Limited

* Strike out, whichever is inapplicable. x
Authorised Signatory

31 of 40
 OFFICE ENDORSEMENT

Ref. number Dated / / Office of the

The entry of the Agreement of Hire - Purchase/Lease/Hypothecation as requested above is recorded in this office record in Form 24 and Certificate
of Registration on

Date / /
x
Signature of Registering Authority

To
RBL Bank Limited

(Name and address of the Financier)

By registered post, or delivered under proper acknowledgement.

OFFICE ENDORSEMENT

Ref. number Dated / / Office of the

The entry of the Agreement of Hire - Purchase/Lease/Hypothecation as requested above is recorded in this office record in Form 24 and Certificate
of Registration on

Date / /
x
Signature of Registering Authority

To
RBL Bank Limited

(Name and address of the Financier)

By registered post, or delivered under proper acknowledgement.

32 of 40
 FORM 35
(See Rule 61 (1))
NOTICE OF TERMINATION OF AN AGREEMENT OF HIRE PURCHASE / LEASE / HYPOTHECATION

(To be made in duplicate and the triplicate where the original Registering Authority is different. The duplicate copy and the triplicate copy with the
endorsement of the Registering Authority to be returned to The Financier and Registering Authority simultaneously on making the termination
entry in the Certificate of Registration and Form 24)

To,
The Registration Authority,

We hereby declare that the Agreement of Hire-Purchase/Lease/Hypothecation entered into between us has been terminated. We, therefore
request that the note endorsed in the Certificate of Registration of Vehicle No. in respect of the said
Agreement between us, be cancelled.
The Certificate of Registration together with the fee is enclosed.

Date / /
*
Signature or Thumb Impression of
Registered Owner

For RBL Bank Limited

x
* Strike out, Whichever is inapplicable. Authorised Signatory

FORM 35
(See Rule 61 (1))
NOTICE OF TERMINATION OF AN AGREEMENT OF HIRE PURCHASE / LEASE / HYPOTHECATION

(To be made in duplicate and the triplicate where the original Registering Authority is different. The duplicate copy and the triplicate copy with the
endorsement of the Registering Authority to be returned to The Financier and Registering Authority simultaneously on making the termination
entry in the Certificate of Registration and Form 24)

To,
The Registration Authority,

We hereby declare that the Agreement of Hire-Purchase/Lease/Hypothecation entered into between us has been terminated. We, therefore
request that the note endorsed in the Certificate of Registration of Vehicle No. in respect of the said
Agreement between us, be cancelled.
The Certificate of Registration together with the fee is enclosed.

Date / /
*
Signature or Thumb Impression of
Registered Owner

For RBL Bank Limited

x
* Strike out, Whichever is inapplicable. Authorised Signatory

33 of 40
 OFFICE ENDORSEMENT

Ref. Number Dated / / Office of the

The cancellation of the entry of an Agreement as requested above is recorded in this office Registration record in Form 24 and Registration
Certificate / / (date)

Date / /
x
Signature of Registering Authority

To
RBL Bank Limited

(Name and address of the financier)

By registered post, or delivered under proper acknowledgement.

OFFICE ENDORSEMENT

Ref. Number Dated / / Office of the

The cancellation of the entry of an Agreement as requested above is recorded in this office Registration record in Form 24 and Registration
Certificate / / (date)

Date / /
x
Signature of Registering Authority

To
RBL Bank Limited

(Name and address of the financier)

By registered post, or delivered under proper acknowledgement.

34 of 40
 FORM 36
(See Rule 61(2))
APPLICATION FOR ISSUE OF FRESH CERTIFICATE OF REGISTRATION IN THE NAME OF THE FINANCIER

To,
The Registering Authority

I/We

(Financier) have taken possession Motor Vehicle No

Make Model

Owing to the default of the Registered Owner (Name)

(full address)

Under the provisions of the agreement hire purchase/lease/ hypothecation:

*1. The Certificate of Registration of the said vehicle is surrendered herewith,
*2. The registered owner has refused to deliver the certificate of registration to me / us.
*3. The registered owner is absconding.

I/We request you to cancel the certificate and issue a fresh certificate of registration in my/our name.

I/We enclose a fee of Rs.

Date / / For RBL Bank Limited

x
Specimen signature of the Financier

1.

2.

Copy to the original registering authority.

*strike out whichever is inapplicable.

35 of 40
blank

36 of 40
 Date / /
To
RBL Bank Limited

Dear
Sir,

Subject :

Vehicle (s) Type :

Registration No. :

Engine No. :

Chassis No. :

Name of Hirer/Lessee/Borrower :

I/We hereby voluntarily surrender the said Vehicle (S) to the financier / repossession agency for RBL Bank Limited In accordance with the rights
vested with RBL Bank Limited, the above mentioned loan-cum-hypothecation/lease agreement whose terms and conditions I/We violated by
defaulting on the scheduled repayments of the loan. Further I/We understand and agree that if I/We am able to pay the entire loan amount
outstanding to RBL Bank Limited within a period of seven days, RBL Bank Limited will return the said Vehicle (s) in an as where is condition.

x
(1) Signature of the Hirer 1/Borrower 1

x
(2) Signature of the Hirer 2/Borrower 2

Form “TCR”
(See Rule 4)
Intimation of the Transfer of ownership of a Motor Vehicle by transferor:

To,
The Taxation Authority,

son / daughter / wife (*) of

hereby inform to you that I have on solid motor

vehicle bearing number the ownership of which stand in my
name, to son / daughter / wife (*)

of address

and request that the certificate of taxation of the said vehicle may now be transferred in his/her name.

Date / /
x
*(Strike out which is in applicable) Signature of Transferor

37 of 40
blank

38 of 40
 Cheque (PDCs) Submission Form

To,
The Manager,
RBL Bank Limited1,
Mumbai,
Dear Sir / Madam,
Subject: PDCs in Loan application No _________________________________________
I / we ____________________________________________________________ thank you for your
facility offer vide No.___________ dated ___________ and would like to request the disbursal of the
loan as earliest. The following crossed (A/c Payee) Post Dated Cheques (PDCs) are handed over to
___________________________ in favour of “RBL Bank Limited”. Details of the PDCs are as below

Cheque Numbers Date Name of the

No. of EMI/Pre-
S.No Bank & Amount
cheques EMI/Security
From To From To Branch
1
2
3
4
5
6

Name of the Customer2: ________________________________________________________

Signature of the Customer2: - ____________________________________________________

Date: - ___/___/_____

Name of the Branch official / DSA: _________________________________________________

Authorized Signatory from Branch official / DSA: ______________________________________

Date: - ___/___/_____

1
RBL Bank Limited
2
Please mention the repayment account holder’s name & signature, For example, if repayment PDC is received from the
Co-applicant account then Cheque (PDCs) Submission Form must be signed by the co-applicant only.

39 of 40
blank

40 of 40
 RBL BANK LIMITED
Corporate Office : One Indiabulls Centre, Tower 2B, 6th Floor, 841, Senapati Bapat Marg,
Lower Parel (West), Mumbai – 400013. CIN L65191PN1943PLC007308
Registered Office : RBL Bank Ltd., 1st Lane, Shahupuri, Kolhapur - 416 001, Maharashtra, India.
Administrative Office : Mahaveer, Shri Shahu Market Yard Shahupuri, Kolhapur – 416 005