Sanction Letter

Date: 17/06/2025

Dear Sunny Kumar ('The borrower'),

We refer to Loan ID: 59EC42DEEAA1E9132B8C6B1DA and are pleased to sanction the loan as per the following terms and conditions:

1. Loan Amount: You are availing a loan of INR 1000.0 from the lender.
2. Lender Charges: The lender will charge you the following:
a. Annual Percentage Rate: 102.65%
b. Processing Fee: The lender will charge you a processing fee of INR 52. This fee will be deducted from the loan amount before it is disbursed
to you.
c. Details of the late fees and other penal charges are mentioned in the KFS
3. Protect+ Charge: This is an optional charge deducted from the Loan only when the borrower hereby gives his/her consent to purchase the
Protect+ policy being offered by the Protect+ service provider via Branch app after he/she has read and understood the terms of the Protect+ policy
as disclosed to the borrower during the process of application. The Borrower is expected and advised to have read all the features, benefits,
exclusions and claim process of the Protect+ product and accordingly shall have voluntarily opted for the same.
4. Tenure of loan: As provided in KFS
5. Foreclosure / prepayment charges: As provided in KFS
6. Tax (inclusive of GST): All taxes including goods and services tax, duties, cess and levies as per applicable law pertaining to the transaction
(including on the charges mentioned above) whether present or in future to be borne by the Borrower.
7. Equal Payment Installments: Amounts due to the lender will be paid through equal payment installments (EPIs) in accordance with the Loan
Schedule as mentioned in the KFS
8. Equal Payment Installments Tenure: 2 months
9. Grievance Redressal: Borrowers can raise their grievance to the platform on +91 8655937427, during 10AM to 7PM, Monday to Friday; borrowers
can also write to india@branch.co or gro@branch.co for the complaints related to the loan. In case of unsatisfactory resolution, borrower can refer
to the grievance redressal policy of the platform on https://branchapp.in/gr

Other Terms & Conditions

1. The fees and charges accepted by the borrower under the Transaction Documents may be modified by the Lender in case of any directions/
notification by any of the regulatory authorities and with due notice or intimation following the communication process mentioned in the
Transaction Documents.
2. In case the borrower wishes to make prepayment of the Loan amount, such part Prepayment will be subject to Prepayment Charges as mentioned
in the KFS along with other conditions, as applicable to such Prepayment.
3. In case the borrower wishes to foreclose the Loan amount, such foreclosure will be subject to Foreclosure Charges as mentioned in the KFS along
with other conditions, as applicable to such foreclosure.
4. The Borrower understands that the identical products with identical tenor and availed during the same period may attract different interest rates
for different borrowers. Interest rates could vary depending upon consideration of all or combination of multiple factors including but not limited to
the following: historical performance of similar homogeneous clients; profile of the applicant; repayment track record of the applicant; unsecured
loan; loan ticket size; credit rating of the applicant; loan tenor; location delinquency and collection performance; other indebtedness of the applicant.
5. Branch has its own machine-learning model for calculating interest rates taking into consideration Branch’s cost of funds, overhead and
administrative costs, expected return on capital employed and risk premium. The interest rate for various loans is calculated on the basis of loan
tenor, ticket size and risk calculations. The final lending rate applicable to each Customer will be assessed based on various factors as detailed in the
Interest Rate Policy available on the website of the Company @ https://branchapp.in/policies, by the Branch model.
6. As a precondition to the Loan to be granted to me by the Lender , the Borrower by accepting this Sanction Letter authorizes, consents and agrees
for the disclosure and sharing by the Lender of all or any information and data relating to the Borrower to the Reserve Bank of India ("RBI") and/or to
the Credit Information Companies (CIC) and/or to any other agency authorized in this behalf by RBI / CIC, to the Lender respective professional
advisers and consultants, to their respective affiliates/ subsidiaries, agents, and to their respective service providers. In case of default in the
repayment of the loan/advances/interest on due dates, the Lender and/or the RBI / CIC will have an unqualified right to disclose or publish my name
as a defaulter in such manner and through such medium as prescribed under applicable Laws.
7. The Borrower is well aware of the features and terms & conditions of the Protect+ / product / service and voluntarily availed / purchased the same
on its own. Hence, the Borrower shall not hold Branch responsible for any deficiency or rejection of any claim or service by the insurer or service
provider.
8. I hereby provide my explicit consent to share my personal details / KYC information with the insurer / vendor / service provider for granting the
said product / services.

I have read, understood and accepted all the terms and conditions stated herein and in the KFS. I also agree to the upfront deductions with the
applicable taxes from the sanctioned amount.
Acceptance of this Sanction Letter is a confirmation that the Applicant has read and understood the contents as mentioned aforesaid the Standard
Terms & Conditions listed above.
Signed by Sunny Kumar at 17-06-2025

Digitally accepted by Sunny Kumar. Terms Accepted at: 17/06/2025 15:10:59.

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