Loan Agreement

[Virtual Presenter] Good afternoon, everyone. We are here today to discuss the Digital Preapproved Application Form presented by our company. We will be discussing Venkataswaran Moorthy, including a Personal Loan Agreement with Loan Agreement No. PL/09/H1. Our focus today is on the use of Aadhar in eSigned transactions and the impact it has on our business. We appreciate your time and attention..

[Virtual Presenter] eSigned using Aadhaar application form requires customers to fill in necessary details, such as existing customer information, occupation, GSTIN number, PAN, address, bank information, and more. These details are securely stored on the platform and customers' information is secured with the stamp number 77AB 899869 and Document ID NG812BF308, ensuring data is kept safe and private..

[Audio] Our customer's personal loan agreement is presented on this slide, which includes all the important details. This document is eSigned using Aadhaar and its Loan Agreement No. is PL/09/H1. It has a unique stamp Sr. No. 77AB 899869 and Document ID NG812BF308. Venkataraman Moorthy eSigned it on Friday April 28th, 2023..

[Audio] This Loan Agreement, signed electronically using Aadhaar, between HDB Financial Services Ltd. and the Borrower provides details of the loan and information of the Borrower and the company. The electronic signature using Aadhaar as a secure and safe mode of authentication ensures that the loan agreement is legally valid and that both parties have fulfilled their obligations..

[Audio] In the event of any defaults from the borrower, the company may take various actions to ensure efficient repayment of the loan. This includes termination of the loan, liquidation of assets, and a debt restructuring or settlement with creditors. In a debt restructuring or settlement, debts and other liabilities may be rescheduled, reduced, re-negotiated, or affected in some other way. It is important that both the company and the borrower follow the terms of the loan agreement in order to ensure efficiency..

[Audio] Using the eSigned using Aadhaar feature by Leegality.com, borrowers can use their Aadhaar card and a digital signature to commit to a loan agreement. This feature provides a reliable, fast, and cost-efficient way for borrowers to enter into loan agreements, while maintaining the legality of the contract. It assists our customers to simplify their loan applications and guarantee that their contracts are legally binding..

5. 19. The Borrower authorizes the Company to disclose, from time to time any information relating to the Loans to any parent / subsidiary / affiliates / associated entity of the Company and to third parties engaged by the Company for purposes such as marketing of services and products. The Borrower hereby also agree and given consent for the disclosure by the Company of all or any such (a) Information and data relating to the Borrower; (b) The information or data relating to any credit facility availed of / to be availed, by the Borrower and (c) Defaults, it any, committed by the Borrower, in discharge of the Borrower's obligation, as the Company may deem appropriate and necessary to disclose and furnish to Trans Union CIBIL Limited (CIBIL) and any other agency authorised in this behalf by RBI, including any regulatory, supervisory or other authority, court of law, tribunal or person, in India or any other jurisdiction. The Borrower undertakes that; (a) CIBIL and any other agency so authorised may use, process the said information and data disclosed by the Company in the manner deemed fit by them; (b) CIBIL and any other agency so authorised may furnish for consideration, the processed information and data or products thereof prepared by them, to bank / financial institutions and other credit grantors or registered users, as may be specified by the RBI in this behalf; and (c) to waive the privilege of privacy and privity of contract..

[Audio] The loan agreement between the borrower and HDBFSL has been signed after the borrower has verified and understood the content of the document. The document lists details such as the loan amount and tenor, fixed interest rate, value of security, total amount payable, EMI schedule, processing charges, cheque bounce and swapping charges, fields visit charges, late payment interest and prepayment charges..

[Audio] Through the eSign process, we have confirmed and requested the disbursement of a loan of a certain amount through the NEFT / RTGS facility offered by RBI. We have provided our RI Status Indian Financial System Code (IFSC) "eSigned using Aadhaar (Leegality.com - NG812BF308)" and authorized HDBFSL to hold lien on any such account and agreed to the charges mentioned in the schedule page of the loan agreement. We have also provided our bank details for successful completion of the disbursement process..

[Audio] Depicted on the slide is the e-signing of a document with Aadhaar. This process enables users to digitally sign documents swiftly, securely and cost-effectively without needing to be present physically. By employing this advantageous tool, organizations can achieve significant savings in time, effort and money, whilst also creating a secure digital footprint. It is hoped that you will find this information helpful. Appreciate your time..