Terms and Conditions

TERMS AND CONDITIONS

NOTICE: Grant of Social Loan is expressly conditioned on Borrower's assent to these Terms and Conditions ("T&C"). Any acceptance of Lender's loan facility is expressly limited to these T&C. No document uploaded or document solely signed by Borrower shall modify these T&C. The Lender may amend the T&C after prior notification to the Borrower and such amended T&C will thereupon apply to the Borrower. If the visitor to the MY SALARY DOST FINTECH PVT LTD is a minor i.e. under the age of 18 years, he/she shall not register as a member of MY SALARY DOST FINTECH PVT LTD and shall not transact or use MY SALARY DOST FINTECH PVT LTD . As a minor, if a visitor wishes to use or transact on MY SALARY DOST FINTECH PVT LTD, such use or transaction may be made only by their parents/ legal guardian who have registered and have an online account with MY SALARY DOST FINTECH PVT LTD in their name. All monetary transactions shall be made by the parents/ legal guardians themselves. The parents/ legal guardians shall be financially responsible for access of the mobile application and for repayments of Loan availed by their children below 18 years of age. Lender reserves the right to terminate any membership in the event of breach of any of the T&C as are set out herein. These T&C are to be read and understood in conjunction with the User Terms and Conditions, the KYC Policy, Privacy Policy, Fair Practice Code and Loan and Risk Management Policy and any other policy as may be displayed on the Website from time to time.

Fair Practice Code

INTRODUCTION:

The Fair Practices Code aims to provide to all those who will be associated with APOLLO FINVEST INDIA LTD/Indiabulls with the information about the practices APOLLO FINVEST INDIA LTD /Indiabulls follows in respect of the financial facilities, loans and services provided, which will facilitate the customers/borrowers to take informed decisions in respect of the financial facilities and services to be availed by them and will apply to any loan that APOLLO FINVEST INDIA LTD /Indiabulls may sanction and disburse.

APOLLO FINVEST INDIA LTD/Indiabulls had adopted the Fair Practice Code (the "FPC") pursuant to Reserve Bank of India's ("RBI") Circular DNBS (PD) CC NO.80/03.10.042 /2005- 06 of September 28, 2006, issued to all Non-Banking Financial Companies (NBFCs). Further to RBI's Circular DNBS.CC.PD.No. 266/03.10.01/2010-11 dated March 26, 2012 on the Guidelines on Fair Practices Code for all NBFCs, Apollo/Indiabulls has modified and adopted the FPC as stated below in conformity with the Guidelines given by RBI in the aforesaid Circulars and as updated pursuant to RBI's Master Circular DNBR (PD) CC.No.054/03.10.119/2015-16 dated July 1, 2015.

OBJECTIVES:

To conduct business in accordance with prevailing statutory, regulatory and corporate governance principles.

To increase fairness, transparency and consistency in dealings with its customers/borrowers.

To provide customers/borrowers with key terms and conditions of facility provided for their consideration prior to commitment of a transaction.

To promote fair and cordial relationship between the AFIL / INDIABULLS and its customers/borrowers.

APPLICATION FOR LOANS AND THEIR PROCESSING:

All communications will be made in a language understood by the customers /borrowers or in a vernacular language, wherever required.

The loan application forms shall include necessary information which affects the interest of the customers/borrowers, so that a meaningful comparison with the terms and conditions offered by other NBFCs can be made and informed decision can be taken by the customers /borrowers.

The loan application forms will provide an indicative list of KYC documents and other documents to be submitted, together with the duly completed application form. If any additional details/documents are required, the same shall be intimated to the customers/ borrowers. The need for such information and documents shall be explained to the customers/borrower and reasonable time shall be provided for submission of the same.

An acknowledgement shall be provided for all loan applications received. The AFIL / INDIABULLS will indicate the approximate time frame within which the loan application will be processed post the submission of completed loan application form.

LOAN APPRAISAL AND TERMS & CONDITIONS:

The loan applications shall be subject to AFIL / INDIABULLS credit appraisal process and a due diligence on the creditworthiness of the customers/borrowers which will form an important parameter for taking a decision on loan application.

AFIL / INDIABULLS shall convey in writing to the customers/borrowers by means of sanction letter in the language understood by the customers/borrowers or in vernacular language, if required, the amount of loan sanctioned along with the terms and conditions including annualised rate of interest and method of application thereof. In case of specific app based/paperless loans provided by AFIL / INDIABULLS.

AFIL / INDIABULLS shall convey the details of the amount sanctioned either through email or sms to the registered email/mobile phone number of the Borrower.

AFIL / INDIABULLS shall keep on its record the acceptance by the customers/borrowers on the sanction letter. In case of app based/paperless loans, request by Borrower to disburse the sanctioned loan amount or part thereof shall be deemed to be acceptance by Borrower of the loan and loan terms.

At the time of sanction/disbursement of loans, AFIL / INDIABULLS shall furnish to all customers/borrowers a copy of the loan agreement along with a copy of all enclosures quoted in the loan agreement, preferably in vernacular language or in the language as understood by the customers/borrowers, which will contain the terms and conditions, the rate of interest, additional/penal interest for late payment in bold that shall be annexed to the loan agreement.

The AFIL / INDIABULLS shall have a built in repossession clause in the contract/loan agreement so as to have legal enforceability.

DISBURSEMENT OF LOANS INCLUDING CHANGES IN TERMS AND CONDITIONS:

AFIL / INDIABULLS shall frame internal principles and procedures for determining and ensuring that the interest rates and processing and other charges are not excessive.

The disbursement will be done upon compliance of all the terms and conditions of the sanction by the customers/borrowers.

AFIL / INDIABULLS shall give notice to the customers/borrowers in vernacular language or in the language understood by the customers/borrowers of any changes to the terms and conditions, including disbursement schedule, interest rates, service charges, prepayment charges, etc.

Changes in the interest rates and other charges shall be effected prospectively other than under circumstances arising from regulatory instructions. Retrospective changes shall as far as possible be avoided and shall be implemented only within the framework defined in the loan agreements.

Decision to recall / accelerate payment or performance under the agreement shall be in consonance with the loan agreement.

RELEASE OF SECURITIES:

AFIL / INDIABULLS shall release all securities, if any, on repayment of all dues or on realisation of the outstanding amount of loan and/or all dues owed to AFIL / INDIABULLS, subject to any legitimate right or lien for any other claim that AFIL / INDIABULLS may have against the customers/borrowers. If such right of set off is to be exercised, the customers/borrowers shall be given notice about the same with full particulars about the remaining claims and the conditions under which AFIL / INDIABULLS is entitled to retain the securities till the relevant claim is settled/paid.

GENERAL:

AFIL / INDIABULLS shall refrain from interference in the affairs of the customers/borrowers, except for the purposes provided in the terms and conditions of the loan agreement (unless new information, not earlier disclosed by the customers/borrowers, has come to the notice of the AFIL / INDIABULLS).

In the matter of recovery of loans, AFIL / INDIABULLS shall follow procedures as laid down in the internal guidelines and provisions and would remain within the legal framework.

AFIL / INDIABULLS may arrange for enforcing security provided by the delinquent customers/borrowers. In all such instances, CL shall ensure that the entire process of enforcing its security, valuation and realization thereof is fair and transparent.

AFIL / INDIABULLS shall ensure that its employees are adequately trained to deal with customers/borrowers in an appropriate manner.

INTEREST RATE:

AFIL / INDIABULLS shall ensure that it will not unduly charge excessive interest rates to its customers/borrowers.

The interest rate for its customers/borrowers would be arrived at taking into account the broad parameters such as risk profile of the customers/borrowers, interest rate trends prevailing in the money market, cost of borrowings, primary and collateral security offered by customers/borrower's structure of the deal, interest rate charged by competitors and the historical track record of the customers/borrowers with AFIL / INDIABULLS.

Interest rates would be intimated to the customers/borrowers at the time of sanction/ availing of the loan.

AFIL / INDIABULLS shall abide by this FPC following the spirit of the Code and applicability to its business.

The interest rate policy adopted by AFIL / INDIABULLS for determining the interest rate, processing fees and other charges is published on its Website www.salarydost.com as updated from time to time.

GRIEVANCES REDRESSAL:

In case of any complaint/grievance, the customers/borrowers may contact the following:

Grievance Redressal Officer:

Registered Office:

Name: Kshama Wazkar
Designation: Grievance Redressal Officer:
Telephone No: 62231667

Address: Apollo Finvest (India) Ltd,
Unit no.803,Morya Blue Moon,
Veera Desai Industrial Estate,
Andheri (West), Mumbai - 400 053.

All grievances shall be heard and disposed off by a person at least one level higher to the person / designation against / relating to whom the grievance is made. After examining the matter, it will be our endeavour to provide the customers/borrowers with our final or other response as early as possible.

If the complaint/grievance/dispute is not redressed within a period of one month the customer/borrower may appeal to the officer-in-charge of the Regional Office of DNBS of Reserve Bank of India, at Centre I, World Trade Centre, Mumbai-400 005.

This document is an electronic record in terms of the Information Technology Act, 2000 and Rules there under, as applicable and the provisions pertaining to electronic records in various statutes as amended by the Information Technology Act, 2000 from time to time. This electronic record is generated by a computer system and does not require any physical or digital signatures.

By clicking on the ACCEPT button at the bottom of this page, you irrevocably and unconditionally accept the T&C for grant of Social Loan and these T&C will become a legally binding contract between the Lender and Yourself as the Borrower.

1 Definitions

"Amounts Due" shall mean the principal Loan Amount together with Interest and Delayed Interest and other amounts due and payable by Borrower to Lender in terms of these T&C; .

"Amounts Due" shall mean the principal Loan Amount together with Interest and Delayed Interest and other amounts due and payable by Borrower to Lender in terms of these T&C; .

"Applicable Law" shall mean any Indian statute, law, acts of the state legislature or Indian Parliament, regulation, ordinance, rule, judgment, order, decree, bye-laws, clearances, directives, guidelines, policy requirement, or any governmental restriction or any similar form of decision of, or determination by, or any interpretation or administration having the force of law in India of any of the foregoing, by any government authority having jurisdiction over the matter in question, whether in effect as of the date of this Contract or thereafter, and includes any laws, notification, circulars, ordinances, byelaws, rules whatsoever.

"Amounts Due" shall mean the principal Loan Amount together with Interest and Delayed Interest and other amounts due and payable by Borrower to Lender in terms of these T&C; .

"Borrower" shall mean any individual who avails a Loan through the MY SALARY DOST FINTECH PVT LTD Website and shall include an individual who has opened a Registered Account with MY SALARY DOST FINTECH PVT LTD.

"Business Day" means the days on which the Lender is open for business in Mumbai during normal business hours.

"SALARY DOST Mobile Application" shall mean the proprietary mobile application known as/to be known as MY SALARY DOST FINTECH PVT LTD.

"Contract" shall include these T&C, various Policies of Lender and User Terms and Conditions as may be amended and modified from time to time.

"Disbursement" means any and every amount advanced to, and borrowed by, the Borrower under the Loan.

"Date of Disbursement" shall mean the date when Lender disburses or gives instruction to his bank and/or Lenders Paytm Account for remittance of Loan Amount to Borrower irrespective of whether the Loan Amount is credited to the account (includes Paytm Account Wallet as applicable) of the Borrower on such date;

"Default" means non-payment of Loan Amount and/or any amount due to Vender.

"Due Date" means in respect of any amount payable under any Loan, the date on which such amounts falls due in terms of the contract; and if such date falls on a day which is not a Business Day, on the immediately preceding Business Day.

"Loan" or "Loan Amount" shall mean the facility availed by the Borrower and sanctioned by the Lender, from time to time.

"Lender" shall mean Bhanix Finance and Investment Limited (Herein after referred as "Lending NBFC")' and where the Loan is assigned shall mean any entity to whom the Loan is assigned by Lender.

"Material Adverse Effect" with respect to any Person, means a material adverse effect:

(i) on such Person's assets, business, operations, property, liabilities, condition (financial or otherwise) or prospects; or

(ii) on the ability of such Person to comply with its obligations under this Contract.

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"T&C" shall mean these Terms and Conditions.

"Term" shall mean the term of the Loan which is 15 (Fifteen), 30 (Thirty), 90 (Ninety) and 180 (One Hundred Eighty) days or as may be communicated to borrower from the Date of Disbursement and /or may be suffixed to MY SALARY DOST FINTECH PVT LTD e.g.MY SALARY DOST FINTECH PVT LTD 15, (for 15 days ) MY SALARY DOST FINTECH PVT LTD 30 (for 30 days ) MY SALARY DOST FINTECH PVT LTD 90 (for 90 days) MY SALARY DOST FINTECH PVT LTD 180 (for 180 days) and MY SALARY DOST FINTECH PVT LTD 1 year (for 360 days).The final decision on Terms and Loan amount will be of Lender.

"Persons" shall mean an individual, and shall include legal representatives, administrators, executors, heirs, their respective successors and permitted assigns.

"Policies" shall include but not be limited to Know Your Customer Policy, Loan and Risk Management Policy, User Terms and Conditions, Privacy Policy of the Lender displayed on the MY SALARY DOST FINTECH PVT LTD Website.

"Registered Account" or "Account" shall mean the account of the Borrower registered with MY SALARY DOST FINTECH PVT LTD.

"Website" shall mean and include the MY SALARY DOST FINTECH PVT LTD Mobile Application, the internet resource www.salarydost.com, and any other media platform through which the MY SALARY DOST FINTECH PVT LTD application, software and platform is run. The terms "Website" and "MY SALARY DOST FINTECH PVT LTD" are used interchangeably in these T&C.

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4.2.Registered Account

2.1 Registered Account: In order to avail a Loan through MY SALARY DOST FINTECH PVT LTD , the Borrower is required to register himself with MY SALARY DOST FINTECH PVT LTD. The registration can be done only through a valid Facebook, Mobile Number or Google identity. The MY SALARY DOST FINTECH PVT LTD mobile application runs on Android and iOS phones and Borrower shall ensure to not close or uninstall or disable or discontinue the MY SALARY DOST FINTECH PVT LTD mobile application so long as Loan Account is not fully repaid, once he has availed of a Loan hereunder. Borrower is required to register with MY SALARY DOST FINTECH PVT LTD only once against which he will receive a Unique Customer Number. Once Borrower is registered with MY SALARY DOST FINTECH PVT LTD, he can apply and avail loans from MY SALARY DOST FINTECH PVT LTD from time to time without having to register again. If any of the Borrower's profile details change, i.e. Employer, Salary, Address, Contact Details, Bank Account Details etc., the Borrower must notify MY SALARY DOST FINTECH PVT LTD immediately.

2.2 The eligibility criteria for registration with MY SALARY DOST FINTECH PVT LTD is as below:

Borrower should be above the age of 18;

Borrower should be in employment;

Borrower should hold a valid bank account in his own name;

Borrower should have a valid Google, LinkedIn account and/or Facebook account.

Borrower should have PAN No, PAN Card, Aadhaar No, and Aadhaar Card registered under Unique Identification Authority of India (UIDAI).

2.3 The Borrower will have to provide basic details and documents as stipulated in the Registered Account opening page in order to be duly registered with MY SALARY DOST FINTECH PVT LTD. The documents required to be submitted to the Lender will be in accordance with the Know Your Customer Policy of the Lender displayed on the Website from time to time. Any change in basic details and documents provided by the Borrower should be intimated.

2.4 Based on the documents and details provided, the Borrower's eligibility will be calculated and Borrower will be informed of his eligibility within 2 (two) hours of registering his Account and providing all required documents and details. It may be possible that in certain cases, the eligibility assessment may take longer than expected due to Borrower's profile being incomplete, or requisite documents are not being provided or additional information, documents are required to establish the credibility of the Borrower.

2.5 Salary dost Credit : Borrower acknowledges that the Salary Dost credit is a proprietary credit rating score of MY SALARY DOST FINTECH PVT LTD to let customers to borrow cash whenever they need it and wherever they need it through Lender using MY SALARY DOST FINTECH PVT LTD Technology. The SDC is an evaluation of the Borrower's social presence on the basis of, but not limited to, details provided, mobile data, Facebook and/or LinkedIn, his employment history, and evolution of his career. Essentially, it determines how l the Borrower is likely to pay back the Loan and Amounts Due to the Lender. The SDC uses the Borrower's internet presence as one of the benchmarks to ascertain the Borrower's creditworthiness. The SDC could be determined by Lender itself or through any third-party agencies or with help of MY SALARY DOST FINTECH PVT LTD technology support. The Borrower can be prevented from applying for Loan in absence of SDC or adequate SDC, at the discretion of Lender.

2.6 The Borrower consents that he shall accept eligibility criteria including SDC arrived at by the Lender/third party agency commissioned by the Lender. The Lender or third party agency shall not be liable under any circumstances to share the computation or details or basis of arriving at the eligibility criteria including SDC.

2.7 The Lender reserves the sole right and discretion to approve your application without having the need to provide any reasons for the same. Lender reserves the sole right to accept or reject a Member, if the Borrower/customer does not fit the criteria set out by Lender.

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6.3. Facility

3.1 The Loan that can be availed by the Borrower in multiple of Rs.1000/- ranges between Rs. 5000/- to Rs. 1,00,000/- depending on the SDC of the Borrower and options chosen by the borrower and at the absolute discretion of Lender.

3.2 The Borrower has to fill an online application on the MY SALARY DOST FINTECH PVT LTD app confirming the amount of Loan that he seeks to avail. Having provided all documents and details required by Lender, Borrower shall receive an intimation confirming amount of Loan that the Borrower is eligible to receive. Thereafter, the Loan Amount will be disbursed to the Borrower's Bank Account, as per latest Bank Statement uploaded by borrower Account as may be instructed by borrower. Please refer following clauses.

Borrower agree to indemnify and hold Lender harmless from any damages, claims demands, proceedings, losses, costs, charges and expenses whatsoever which may be incurred, sustained, suffered or be put to as a consequence of or arising out of (i) Borrower using a mobile other than Borrower's own or Borrower providing an incorrect mobile number and/or providing a number that belongs to that of any other person; (ii) any misuse, improper or fraudulent information provided by Borrower; and (iii) the loss, theft or misuse of the mobile number provided by Borrower.

3.3 The Lender may but shall not be obliged to make a Disbursement unless -

i. Borrower has duly filled the application form pertaining to Loan on the MY SALARY DOST FINTECH PVT LTD;

ii. Borrower has provided all documents and details required by MY SALARY DOST FINTECH PVT LTD; to the satisfaction of Lender.

iii. The SDC of the Borrower is as per the eligibility criteria of the Lender;

iv. The Borrower has electronically provided and confirmed the promissory note/ acknowledgement of debt and has accepted these T&C and Policies hereunder;

v. Borrower has not committed breach of any provision of this Contract and no Event of Default, or event which after a lapse of time or notice is capable of becoming an Event of Default, has occurred;

vi. there is no occurrence of a Material Adverse Effect on the Borrower;

vii. the Borrower has fulfilled all other conditions as may be specified by the Lender from time to time.

3.4 A Disbursement shall be disbursed to, or on behalf of, the Borrower as may be decided by the Lender. A Disbursement made on behalf of the Borrower(s) shall be deemed to be a borrowing by the Borrower.

3.5 Borrower can avail of multiple Loans under one Registered Account within the upper limit of Rs. 1,00,000. The Loan shall not be revolving. Each Loan availed by Borrower shall be distinct and separate and in multiples of Rs. 1,000/-.

3.6 The Borrower shall under no circumstances use the Loan Amount for any unlawful or illegal purposes whatsoever.

3.7 Notwithstanding anything stated above or elsewhere in this Contract, it is expressly agreed by the Borrower that the Lender shall not be bound to continue the Loan or make any Disbursement, and the Lender may, in its sole and exclusive discretion, at any time, without assigning any reason, decline to make a Disbursement or otherwise discontinue the Loan consequently recalling the entire Loan, which decision shall be binding on, and shall not be questioned by, the Borrower, and the Lender shall not be liable for any damages or other consequences to the Borrower or any other Person by reason thereof.

3.8 Notwithstanding anything contained herein, it is clarified that the Borrower shall repay the Loan Amount and Amounts Due to the Lender forthwith on demand. Unless the demand is made by the Lender, the Borrower shall repay the Loan on the Due Date.

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8.4. Procedure for Drawdown and Disbursement

4.1 As stated in clause 3.2 above, once the Borrower receives the intimation regarding his eligibility from MY SALARY DOST FINTECH PVT LTD , he has to choose the amount of Loan that he wishes to avail ("Disbursement Request"). Thereafter the Loan Amount will be disbursed to the Borrower's bank account by the Borrower while registering his Account along with uploading of latest Bank Statement reflecting salary credit. At no point of time shall Lender be responsible for any loss caused due to Borrower having provided erroneous bank details and/or Bank Statement.

4.2 The SDC and offer to avail Loan shall be available to the Borrower at the discretion of Lender for a period of 90 (Ninety) days from date of intimation received by Borrower. If Borrower fails to log-in and make the Disbursement Request within 90 (Ninety) days of receiving intimation from MY SALARY DOST FINTECH PVT LTD, the offer shall lapse and Borrower will have to make a fresh request for Loan with MY SALARY DOST FINTECH PVT LTD.

4.3 Notwithstanding anything contained hereinabove, the Lender may at its sole and absolute discretion allow or disallow Disbursement or any Loan. Borrower agrees that the Lender's decision whether to allow or disallow Disbursement or Loan shall be final and binding and Borrower shall have no right under law, contract or equity to contest the Lender's decision.

5.1 The Lender may, by notice to the Borrower, suspend the right of the Borrower to Disbursements or cancel the undisbursed portion of the Loan Amount in whole or in part:

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10.5. Suspension or Cancellation by Lender

5.1 The Lender may, by notice to the Borrower, suspend the right of the Borrower to Disbursements or cancel the undisbursed portion of the Loan Amount in whole or in part:

i. if any Event of Default has occurred and is continuing or if the Event of Default is, in the reasonable opinion of Lender, imminent; or

ii. if any event or condition has occurred which has or can be reasonably expected to have a Material Adverse Effect on the Borrower; or

iii. if the total Loan Amount is not disbursed within the time period stipulated herein.

5.2 Upon the giving such notice as specified in clause 5.1, the right of the Borrower to any further Loan or disbursement shall be suspended or cancelled, as the case may be. The exercise by the Lender of its right of suspension shall not preclude Lender from exercising its right of cancellation, either for the same or any other reason specified in clause 5.1 and shall not limit any other provision of these T&C and Policies. Upon any cancellation the Borrower shall, subject to clause 5.3, pay to Lender all fees and other amounts accrued (whether or not then due and payable) under this Contract up to the date of cancellation.

5.3 In the case of partial cancellation of the Loan pursuant to clause 5.1, interest on the amount then outstanding on the Loan remains payable as provided in clause 6 (Interest).

11.6. Interest

6.1 Rate of Interest and Payment of Interest

3% flat (36% p.a.) of the Loan amount for Tenure of 15-45 days

The processing fee and applicable interest charges for loan tenures from 15- 45 days will be deducted at source. The Interest Amount shall be deducted from the Loan Amount at the time of disbursement along with Processing Fee.

If borrower availing 15-45 days Loan with single instalment fails to repay within that period, he will be offered interest free grace period of 7 days from the expiry of Loan Tenure. If borrower fails to pay within such grace period of 7 days then 3 % flat (156.43 % p.a.) will be charged as delayed interest for every seven days, including grace period offered.

Lender is free to offer concession in Interest payment and/or Processing Fee, at its own discretion. *Deducted at source.

The Interest levied by the Lender may vary with the interest levied by other Lenders. The Borrowers should compare the rate of interest before accepting loan.

Processing Fees, Commission and Other Payments:

The Borrower shall be liable to pay the Lender a First-time processing fee plus GST, for each category of loan e.g. 15-45 days loan period, as per slabs given below ("Processing Fee"). Lender reserves the right to change the amount of Processing Fee at any time.

Product Loan Amount Processing Fees
0 - 3000 500
3001 - 5000 600
5001 - 10,000 700
10,000+ 750

*Processing Fee means charged/levied by the Lender to the Borrower against the processing of loan, which the Borrower will pay to the Lender.

The processing fees levied by the Lender may vary with the processing fees levied by other Lenders. The Borrowers should compare the processing fees before accepting loan. *GST, as applicable from time to time shall be levied/recovered

On Processing fees.

Pre-closure Charges, if any.

At present GST is applicable as : (i) For Borrower from Maharashtra - CGST @ 9% and SGST @ 9% on Processing Fees

(ii) Other Borrowers - IGST @18% on Processing Fees

i. For Repeat of Loan of MY SALARY DOST FINTECH PVT LTD 15-45 days the processing fee as under -

product, processing fee for repeat loan will remain same, there would be no waiver of processing fee for repeat loan.

Product Loan Amount Processing Fees
0 - 3000 500
3001 - 5000 600
5001 - 10,000 700
10,000+ 750

ii. The interest shall be calculated from the Date of Disbursement of the Loan. The Date of Disbursement shall be deemed to be the date when the Lender provides instructions to its Banker Account for transfer of Loan Amount to the Borrower.

iii. The determination of Interest by Lender, from time to time, shall be final and conclusive and shall be binding upon the Borrower.

iv. Any applicable interest tax, as applicable, shall be payable by the Borrower.

v. The Borrower shall, if so required by the Lender,ECS Mandate or RTGS or NEFT Mandate to the Lender for the due payment of the Interest on the Loan thereon.

6.2 Variation of Interest Rate

i. The Lender shall have at its absolute discretion the right to vary the rate of Interest/ commission/ other charges (including Delayed Interest Rates) applicable to the Loan from time to time.

ii. It is clarified that such variation shall be effective from the date of such variation in the books of the Lender and not from the date of notice/receipt of notice by the Borrower.

6.3 Delayed Interest for Default period

i. The Lender shall levy a Delayed Interest at 3% flat (156.43% p.a.) for every week after the due date (including extensions) as stated in Clause 6.1. Please refer clause 6.1 above for illustration on calculation of Delayed Interest.

ii. The Borrower acknowledges that the rates of Interest and of Delayed Interest agreed to by the Borrower are reasonable and the rates of Delayed Interest represent pre-estimates of losses and damages expected to be incurred by the Lender due to the non-payment of dues by the Borrower on or before the Due Date. The Borrower acknowledges that the Loan is a commercial transaction and specifically waives any defence under usury or other Applicable Laws relating to or restricting interest.

12.7. Repayment and Pre-Payment

7.1 Repayment

i. Borrower shall repay the Amounts Due through any one of the following methods:

(a) Net Banking Payment to the Bank Account of Lender: as will be communicated by SMS and/or email registered with loan application.

(b) Cash or Cheque to be deposited into the Lender's Bank Account, in exceptional cases, when Borrowers Bank is unable to execute Net Banking Transaction.

(b) Cash or Cheque to be deposited into the Lender's Bank Account, in exceptional cases, when Borrowers Bank is unable to execute Net Banking Transaction.

(c) UPI payment through VPA account registered with MY SALARY DOST FINTECH PVT LTD app.

ii. In case of any change in Bank Details, Borrower will receive an SMS and/or email. with details of Lender Bank Account in which Amounts Due are to be deposited.

iii. Borrower is required to mail Repayment details to Lender at or by uploading payment details into the mobile application.

iv. If any payment under these T&C is required to be made on or before a day which is not a Business Day or within a day which is not a Business Day or within a period which ends on a day which is not a Business Day, then the Borrower shall be required to make the payment on the immediately preceding Business Day.

v. Lender will intimate Borrower through SMS and/or email regarding Due Date of Repayment of Amounts Due. However Lender assumes no obligation to provide such intimation to the Borrower. The Borrower agrees that it shall be entirely its responsibility to ensure prompt payment of the Amounts Due on the Due Dates.

vi. Repayment of the Facility is to be made by the Borrower on or before the Due Date at the end of Term of Loan.

vii. The Lender shall be entitled to recalculate/ re-compute the Amounts Due if the Lender varies the interest rate and/or upon the occurrence of any event which in the opinion of the Lender necessitates a re-computation/ recalculation of the same.

viii. The Borrower shall electronically confirm and provide a promissory note for due repayment of the Amounts Due and in addition if so required by Lender, give post-dated cheques or ECS Mandate, RTGS Mandate, NEFT requests drawn in favour of Lender or such instruments for payment as may be prescribed by the Lender for the due repayment of the Amounts Due. Such ECS Mandate or cheques shall be deemed to have been given for adequate consideration already received by the Borrower and shall not absolve the Borrower from his liability to pay the said sums hereunder until the cheque or the ECS Instruction is duly realized. The Borrower shall maintain adequate balance for realisation of the cheques or the ECS Instructions on their Due Dates for payment.

7.2 Prepayment

Notwithstanding the above, if the Borrower wishes to repay any Loan Amount or Amounts Due or part thereof before its Due Date, the Borrower may do so and send the payment details to care@salarydost.com. However, Borrower acknowledges that interest deducted at source for the entire 15-45 days (as applicable) Term of the Loan as stated in Clause 6.1, will not be reduced or refunded in case of prepayment of the Loan. The Borrower may, on such terms and conditions as may be imposed by the Lender, be entitled to prepay any Loan Amount or Amounts Due or part thereof before its Due Date.

7.3 Recall by the Lender

i. Lender reserves the right to recall, any cash disbursed to Borrower for failure to disclose materially valuable information to determine credit profile. If Borrower has provided false or misleading information, Lender will call for the Loan Amount/Amounts Due to be repaid within 24 (twenty four) hours, following which Borrower will be deemed to have committed an Event of Default and Consequences of Event of Default shall follow.

ii. Notwithstanding anything contained elsewhere in these T&C or any Policies, Lender shall be entitled to, in its sole and absolute discretion, and without assigning any reason, recall the Loan Amount or Amounts Due or any part thereof by giving to the Borrower 3 (three) Business Days' notice in writing or such longer notice period as may be mandatorily required under Applicable Law, in such event, the Borrower shall be liable to repay / pay the same to the Lender within 3 (three) Business Days of receiving such notice. Upon expiry of the period of notice, the entire Amounts Due shall immediately stand repayable by the Borrower to the Lender.

13.

14.8. Eligibility, Commission and other Payments

8.1 Eligibility for the Loan : .

- MY SALARY DOST FINTECH PVT LTD 15 days - 30 % of net monthly income. Minimum is Rs. 5000 and maximum not exceeding is Rs. 50000
- MY SALARY DOST FINTECH PVT LTD 30 days - 40% of net monthly income. Minimum is Rs. 5000 and maximum not exceeding is Rs. 50000
- MY SALARY DOST FINTECH PVT LTD 45 days - 50% of net monthly income. Minimum is Rs. 5000 and maximum not exceeding Rs. 100000
[ Note. The above Eligibility and terms are entirely at discretion of Lender]

Loan with Tenure of 15 and 45 days considered as one category.

In personal loans at any point Borrower cannot mix loans of one unless current loan is fully settled. But can take multiple time loans within same category of 15-45 days within eligibility.

Borrower can not avail multiple 15-45 days loan, unless current outstanding is completely paid off.

Personal loans will have products with tenures - 15 - 45 Days.

8.2 The Borrower shall be solely liable to bear and pay to the Lender all costs, charges and expenses incurred by the Lender in connection with this Contract, any other documents including but not limited to all costs, charges and expenses incurred for enforcing any provision thereof or recovering any amount payable by the Borrower, all costs of creation, enforcement, realization (or attempted enforcement and realization) of any Amounts Due, including stamp duties (including penalties thereof), all document charges, legal fees, holding costs, registration charges and court fees; any bank charges and charges for dishonoured cheques; and the Borrower shall pay the same to the Lender forthwith on (and in any event within 3 (three) Business Days) of demand by the Lender. In any such cases, the Borrower shall be black listed and no further Loan sanction or Disbursement Request shall be entertained by the Lender.

8.3 The Borrower agrees that he is liable to pay the stamp duty, other fees as applicable on all the documents/ instruments executed by and between the parties or any of them pursuant to the Loan granted by the Lender to the Borrower including but not limited to the Contract and keep the Lender indemnified against all loss, costs, charges and expenses that may be suffered or incurred by the Lender by way of any direct or indirect taxes such as service tax, transaction tax, stamp duty or other fees of any nature.

8.4 Additionally, the Borrower shall also be liable to make payment of all costs, charges, expenses including interest and penalty, if any, payable as a result of non-payment or payment of deficient stamp duty on any of the aforesaid documents, including but not limited to this Contract and all legal costs as between the attorney and clients on a full indemnity basis.

8.5 Serviceable Areas

a. Maharashtra
1. Mumbai
2. Pune
4. Kolhapur
5. Ahmednagar
6. Aurangabad

b.Gujarat
1. Ahemdabad
2. Vadodra
3. Surat

c.Other Cities
1. Bangalore
2. Chennai
3. Delhi
4. Noida

8.6 Documents Required

1. Aadhar Card (Address proof)
2. Pan Card (Identity proof)
3. Cancelled Cheque (Banking proof)
4. Salary Slips (3 months Salary Slips)
5. Banking Statement (3 months Banking Statement)

Self-Owned/ Parent Owned • Latest Electricity bill, Voter ID, Driving License,
Passport (Relationship proof if the flat owner is not the applicant)
Rented Rent agreement with Electricity bill of the flat owner, Voter ID/Driving License/Passport of the current address.
*If Rent agreement is not available then the Aadhar card and Bank statement should have the current address to be considered along with additional address proof.(Mobile post-paid bill)
Company provided Flat Company allotment letter for the flat.

The Registration fees is one time payment and non-refundable. Once you pay the fees you can avail all the services and products of Salarydost for lifetime.

8.7 Payment of Taxes

i. Tax on Interest/ Commission: The Borrower shall be liable to pay tax on the interest/ commission payable on the Amounts Due under the said Loans at the prevailing rate(s). The Borrower shall bear and pay any increase in the rate of tax. Where the Lender is required to pay any tax either in pursuance of a general statute or specific order of the Government or other statutory authority relation to only the Lender, the Borrower agrees, declares, confirms and affirms that any increase in the rate of interest/ commission effected by the Lender as a sequel to such statute will be binding on the Borrower and become payable from the date it becomes effective on the Lender.

Tax on Processing Fee: The Borrower shall be liable to pay GST on the processing fee payable by the Borrower to the Lender for the processing of Application of Loan.

ii. All payments of whatever nature (whether by way of principal interest or otherwise) shall be made to the Lender immediately, i.e. clear funds on the day on which they are due, without right of set off or counterclaim or deduction and free and net of all taxes, imposts and levies of any nature whatsoever, by whomsoever imposed, both present and future. All payments shall be made to the place specified by Lender and shall be so paid as to enable the Lender to realise the sum on or before the Due Date. The payment shall be deemed to have been made only on realisation and credit for payment shall be given only on realisation.

15.

16.9. Representations and Warranties

9.1 The Borrower hereby declares, assures, agrees, represents and warrants prior to and upon acceptance of these T&C and at the time of disbursement/ availing of the Loan that:

i. The details and description of the Borrower provided at the time of Account opening is accurate.

ii. The Borrower is competent to contract under The Indian Contract Act, 1872.

iii. Any declarations and information which has been or which may hereafter be provided by the Borrower to the Lender in relation to the Loan, including in the application form for the Loan and in relation to any other Loan availed of by the Borrower from the Lender or any other Persons, is true and accurate and complete in all respects and is not misleading in letter or spirit whether by reason of omission to state a material fact or otherwise.

iv. The Persons, if any, availing of and operating the Loan and each disbursement for and on behalf of the Borrower are and will be duly authorised by the Borrower to do so.

v. The Borrower is fully empowered to enter into this Contract and to perform his obligations hereunder, and these T&C and Policies are duly accepted by the Borrower, and constitute legal, valid and binding obligations of the Borrower enforceable against him.

vi. No proceedings have been initiated and no events have occurred in connection with insolvency, bankruptcy, liquidation protection against creditors or declaration as a relief undertaking or other similar matters in relation to the Borrower, and there is no order for the appointment of a receiver, administrator, liquidator or other similar Person or authority in relation to the business, undertaking or assets of the Borrower.

vii. Nothing contained herein conflicts with any Applicable Law, regulation or bye law of the Central or a State Government or any local, revenue, tax or statutory authority, including the Securities and Exchange Board of India, the Reserve Bank of India, stock exchange or any other authority, which is binding on the Borrower.

viii. The Borrower is not in arrears of any demand including income tax, corporate tax and any other taxes, rates or levies or any other statutory dues payable to the Central or State Governments or any local, statutory or other authority.

ix. The entering into and acceptance by the Borrower of these T&C and Policies constitute acts done and performed for private and commercial purposes and Borrower will not be entitled to claim immunity for himself or any of his assets from suit, execution, attachment or legal process in any proceedings in relation to these T&C and Policies.

x. If the Borrower authorizes any other Person to transact with the Lender, then such act of the authorized Person shall be binding on the Borrower.

xi. The Borrower has not been included in the list of defaulters by any regulatory/ statutory authority and/or banks and/or financial institutions and/or Non-Banking Financial Companies etc.

xii. The Borrower cannot avail more than Rs. 60,000 (Rupees Sixty Thousands) in a year if he fails to submit Aadhaar Number, Permanent Account Number and other Official Valid Documents pertaining to current address proof i.e utility bill of any of the service provider (electricity, telephone, post-paid mobile phone, water bill, piped gas) not older than two months or property or Municipal tax receipt and has to submit these documents within six months from the date of commencement of account based relationship with Apollo MY SALARY DOST FINTECH PVT LTD

xiii. The Borrower will fully cooperate with Lender for OTP based, Aadhaar based & Biometric based verification.

9.2 Each of the representations and warranties contained herein shall be continuing representations and warranties and shall be deemed to have been made by the Borrower and on the date of acceptance of these T&C and repeated by him on every day during the subsistence of this Contract including, in particular, on the date of, and on the date prior to each application for, and grant and disbursement of any part of Loan amount.

9.3 The Borrower agrees to accept the statement of account sent by Lender or by any other authorized representative of Lender as conclusive proof of the correctness of any sum claimed to be due from the Borrower unless the Borrower reverts to Lender within a period of 3 (three) Business Days from the date of dispatch of statement of account.

17.

18. 10. Borrower Covenants

10.1 The Borrower hereby agrees and undertakes that:

i. He shall promptly inform the Lender in writing if the Borrower voluntarily or involuntarily becomes the subject of any insolvency or bankruptcy law or proceedings.

i. He shall promptly inform the Lender in writing if the Borrower voluntarily or involuntarily becomes the subject of any insolvency or bankruptcy law or proceedings.

ii. He shall inform the Lender if a receiver, administrator, liquidator or other similar Person or authority is appointed or sought to be appointed in relation to the Borrower or his assets.

iii. If any representation or warranty provided by the Borrower is found to be incorrect or misleading as on date of acceptance of this T&C or application for or release of any disbursement or at any time during the subsistence of these T&C, or if the Borrower commits breach of any provision of this Contract, the Borrower shall forthwith inform the Lender of the same. Notwithstanding the same, any breach of the representations, warranties and covenants, shall be deemed to be an Event of Default.

iv. The Borrower covenants that the Borrower shall disclose all such information regarding substantial changes in the Borrower's financial position to the Lender from time to time.

v. Notwithstanding anything to the contrary, the Borrower agrees that the Lender shall have the general right of cancellation or withdrawal of any undrawn Loan, in part and/or in full, or the repayment on demand of any drawn Loan, including the right to call for cash cover on demand for prospective and contingent liabilities.

iv. The Borrower covenants that the Borrower shall disclose all such information regarding substantial changes in the Borrower's financial position to the Lender from time to time.

v. Notwithstanding anything to the contrary, the Borrower agrees that the Lender shall have the general right of cancellation or withdrawal of any undrawn Loan, in part and/or in full, or the repayment on demand of any drawn Loan, including the right to call for cash cover on demand for prospective and contingent liabilities.

vi. To execute and deliver to the Lender such further agreements, undertakings, declaration, assurance, security documents and writings as the Lender may from time to time require in relation to the Loan.

vii. To bear and pay all taxes, rates, duties (including stamp duties), charges and other imposts and obligations existing as well as future, in respect of the Loan and these T&C, the transactions hereunder and all writings executed pursuant to or in connection herewith.

viii. The Borrower shall notify the Lender immediately of any:

(a) Lawsuits, governmental proceedings, or claims which, individually or in the aggregate, involve an amount exceeding 25% of the Borrower's net worth or which may impair the Borrower's ability to perform his obligations hereunder if the relief prayed for were granted.

(b) Occurrence of any Event of Default or any event which with the passage of time (with or without notice) or the giving of notice may result in an Event of Default.

10.2 The Borrower authorizes the Lender to obtain a credit report from a Credit Bureau, or other service provider that holds the Borrower's credit history and related details. The Lender has the right to use the Borrower's credit report, social media profile/content, cell phone data and employment data for authentication, credit scoring and credit decision purposes. The Borrower's credit rating will along with some personal and credit information might be displayed with the Borrower's Loan details to other Lender members or the public to facilitate their own credit decision. The Borrower authorizes the Lender to verify information, and the Borrower agrees that the Lender may contact third parties to verify any such information. The Lender will require and obtain from Credit Bureau a copy of the Borrower's credit report each time the Borrower requests for a Loan.

10.4 The Borrower agrees that the Borrower will not, in connection with the Borrower's Loan application (i) make any false, misleading or deceptive statements or omissions of material fact in the listing; (ii) misrepresent identity, or describe, present or portray himself/herself as a person other than the Borrower; (iii) give to or receive from, or offer or agree to give to or receive from any person any fee, bonus, additional interest, kickback or thing of value of any kind; or (iv) represent himself/herself to any person, as a representative, employee, or agent of MY SALARY DOST FINTECH PVT LTD, or purport to speak to any person on behalf of MY SALARY DOST FINTECH PVT LTD /Lender.

10.5 Borrower agrees that it is his sole obligation to pay Loan Amount, as and when they fall due.

10.6The Borrower authorizes the Lender to exercise mandate including e-Mandate, ECS, NACH, UPI, etc. for direct debit of the Borrower's account for the outstanding Loan amount including interest. The Borrower authorises the Lender to enforce lien on the Bank Account for the purpose of repayment of entire loan including interest.

19.

20.11. Event of Default and Consequences of Event of default

11.1 Each of the following events is, and shall be deemed to constitute, an 'Event of Default':

i. If the Borrower commits any breach of any provision of the T&C or Policies or other document including but not limited to (a) default or delay in payment of any Amounts Due within the valid extension period as mentioned in Clause 6.1; (b) misrepresentation or breach of any obligations, warranties, assurances, covenants, statements and particulars mentioned in these T&C or Policies; (c) any information given by the Borrower in his application for grant of Loan is incorrect or misleading, or a representation, warranty or statement made or deemed to be made hereunder or in connection with the Loan or any transaction undertaken with Lender, is incorrect or misleading in any respect.

ii. If Borrower is subject to any bankruptcy or insolvency law.

iii. The death/lunacy or other disability of the Borrower.

iv. If the Borrower is unable to pay his debts as and when they arise or there is an apprehension of such inability or if the Borrower has admitted such inability in writing.

v. If the Borrower has defaulted or is likely to default in repayment or compliance with the terms of any other Loan sanctioned or availed by the Borrower from Lender or any other Person or an Event of Default being constituted in relation to any of the Borrower's credit, borrowing or any other arrangement with any Person or entity other than the Lender.

vi. If there is any commencement of a legal (including arbitration) process against the Borrower.

vii. If the Borrower shall stop payments or threatens to stops any payments to the Lender.

viii. If there exists any other circumstance which, in the sole opinion of the Lender, is prejudicial to the interest of the Lender.

ix. Change in residential status of Borrower.

11.2 Consequences of Event of Default

i. In addition to any general lien or similar right to which the Lender may in law generally be entitled, the Lender may at its discretion use and enforce its right of set off and cross default between all the Loans Amount sanctioned to the Borrower.

ii. The Borrower's default under this Loan shall be deemed to be a default of all the other Loans availed by the Borrower, and notwithstanding anything contrary elsewhere contained in any writing or otherwise, the Lender shall regard all borrowings by the Borrower as immediately due and payable and the Lender shall be entitled to recall all the Loans granted to the Borrower.

iii. The Lender may, in its absolute discretion, and notwithstanding any direction by the Borrower to the contrary, (i) appropriate any payments made by the Borrower towards repayment of any part of the Amounts Due by the Borrower under the Loan as the Lender in its discretion thinks fit; and (ii) appropriate any payments made by the Borrower pursuant to this Contract towards any Indebtedness of the Borrower, and such appropriation shall be final and binding upon the Borrower who shall continue to remain indebted to the Lender for payment of the dues under this Contract in respect of which such sum of money were paid by the Borrower.

iv. On the happening of any of the Events of Default, the Lender shall be entitled, without prejudice to any other right or remedy which the Lender may have under this Contract or otherwise in Applicable Law and notwithstanding any subsequent acceptance of any repayment of the Loan Amount including the interest and penalty thereof, take any of the steps specified hereinbelow without any notice, except as specified herein, at any time after the occurrence of such event:

(a) by a notice to the Borrower, to terminate this Contract and/or declare the Amounts Due, due and payable forthwith.

(b) the Lender and/or MY SALARY DOST FINTECH PVT LTD may use Borrower's personal and public details as available on the cell phone and social network sites(including friend list, employer of borrower) and contact them directly or through agency(s) commissioned by the Lender and to publicly announce the fact about Borrower's default with Borrower's details on its Website as well as Borrower's social media pages, other social media platforms and other avenues. Borrower expressly grants his irrevocable and unequivocal consent to such publishing of fact of default by Borrower on his social networking pages and other media and further acknowledges and confirms that the same will not be construed as a 'defamation' and hereby expressly indemnifies Lender against any suits, claims or actions against lender for defamation of Borrower.

(c) exercise and enforce all rights and remedies available to the Lender under this Contract and in Applicable Law for recovery of monies from Borrower.

(d) appoint/nominate any Agency, law firm or person to legitimately recover default amount from the Borrower.

11.3 All expenses incurred by the Lender after an Event of Default has occurred including in connection with collection of Amounts Due shall be payable by the Borrower.

11.4 Notwithstanding any suspension or termination of this Contract as specified hereinabove, all the provisions of this contract for the benefit or protection of the Lender and its interests shall continue to be in full force and effect as specifically provided in this Contract.

21.12. Term and Termination

12.1 The Parties are deemed to have entered into this binding Contract with effect from date of acceptance by Borrower of these T&C clicking "ACCEPT" button ("Effective Date"). These T&C shall continue to subsist until expiry or terminated as hereinafter provided.

12.2 The Lender may in its sole discretion, with or without cause, terminate this Contract at any time by giving the Borrower a notice.

12.3 The Lender has the right to terminate the Borrower's registration immediately and without notice upon the Lender's reasonable determination that the Borrower has committed a fraud or made a material misrepresentation in connection with a Loan, or performed any prohibited activity, or otherwise failed to abide by the T&C herein or the Policies.

12.4 On termination of this Contract, the entire Amounts Due shall be forthwith repayable by Borrower to Lender. It is hereby expressly clarified that notwithstanding the termination of this Contract or the recall of the Loan Amount or Amounts Due, all of Borrower's obligations pursuant hereto which have accrued prior to the termination, shall be duly performed and all the obligations of the Borrower shall remain enforceable until the due repayment of the Amounts Due.

22

23.13. Sanction

13.1 Lender may be required to take any action to meet Compliance Obligations relating to or in connection with the detection, investigation and prevention of financial crime ("Financial Crime Risk Management Activity") and act in accordance with the Applicable Laws, regulations and requests of public and regulatory authorities operating in various jurisdictions which relate to Financial Crime. Lender may take any action which it, in its sole and absolute discretion, considers appropriate to take in accordance with all such Applicable Laws, regulations and requests.

13.2 Such action may include but is not limited to (a) screening, intercepting and investigating any instruction, communication, drawdown request, disbursement, application for services, or any payment sent to or by you, or on your behalf, (b) investigating the source of or intended recipient of funds (c) combining Borrower Account Information with other related information in the possession of the Lender, and/or (d) making further enquiries as to the status of a Person, whether they are subject to a sanctions regime, or confirming your status (e) share information on a confidential basis with such affiliates whether located in India or overseas in relation to prevention of Financial Crime.

13.2 Such action may include but is not limited to (a) screening, intercepting and investigating any instruction, communication, drawdown request, disbursement, application for services, or any payment sent to or by you, or on your behalf, (b) investigating the source of or intended recipient of funds (c) combining Borrower Account Information with other related information in the possession of the Lender, and/or (d) making further enquiries as to the status of a Person, whether they are subject to a sanctions regime, or confirming your status (e) share information on a confidential basis with such affiliates whether located in India or overseas in relation to prevention of Financial Crime.

13.2 Such action may include but is not limited to (a) screening, intercepting and investigating any instruction, communication, drawdown request, disbursement, application for services, or any payment sent to or by you, or on your behalf, (b) investigating the source of or intended recipient of funds (c) combining Borrower Account Information with other related information in the possession of the Lender, and/or (d) making further enquiries as to the status of a Person, whether they are subject to a sanctions regime, or confirming your status (e) share information on a confidential basis with such affiliates whether located in India or overseas in relation to prevention of Financial Crime.

13.3 Exceptionally, Financial Crime Risk Management Activity may lead to Lender delaying, blocking or refusing the making or clearing of any payment, the processing of borrowers instructions or application for services or the provision of all or part of the services. To the extent permissible by Applicable Law, Lender shall not be liable to borrower or any third party in respect of any loss (whether direct or consequential and including, without limitation, loss of profit or interest, however it arose) that was suffered or incurred by you or a third party, caused in whole or in part in connection with the undertaking of Financial Crime Risk Management Activity.

13.4 In certain circumstances, the action which Lender may take may prevent or cause a delay in the processing of certain information. Therefore, neither Lender nor any of its affiliate warrants that any information on Lender's systems relating to any payment messages or other information and communications which are the subject of any action taken pursuant to this clause is accurate, current or up-to-date at the time it is accessed, whilst such action is being taken.

13.5 For the purpose of the present clause:

13.5 For the purpose of the present clause:

i. "Compliance Obligations" means obligations of the Lender to comply with: (a) laws or international guidance and internal policies or procedures, (b) any demand or request from authorities or reporting, disclosure or other obligations under laws, and (c) laws requiring us to verify the identity of our customers.

ii. "Financial Crime" includes money laundering, terrorist financing, bribery, corruption, tax evasion, fraud, evasion of economic or trade sanctions, and/or any acts or attempts to circumvent or violate any laws relating to these matters.

24.

25.14. Notices

14.1 The Borrower hereby agrees, permits and consents with the Lender that uploading of details and documents on the Website or providing the same through internet / email to the email address provided by the Borrower at the time of account opening or subsequently modified by way of a written communication. For the sake of clarity all of the above documents are referred to as 'Digital Documents'. The Borrower acknowledges that once Digital Documents are uploaded/mailed by the Lender at Borrower's email address registered with it, it shall be deemed to have been received by the Borrower and hence there will be no further requirement on the part of the Lender to send the same physically in the paper based format to the Borrower. The Borrower hereby acknowledges that he has read and understood the following points governing issuance of the Digital Document by the Lender.

i. For the purpose of the above, the email address used would be the same as provided by the Borrower at the time of Account opening. Any change in the email address of the Borrower shall be immediately intimated by the Borrower to the Lender by editing the profile information of the Borrower through the Website.

i. For the purpose of the above, the email address used would be the same as provided by the Borrower at the time of Account opening. Any change in the email address of the Borrower shall be immediately intimated by the Borrower to the Lender by editing the profile information of the Borrower through the Website.

ii. The Borrower shall access the digital documents electronically. The Borrower understands that it is his responsibility to review all such digital documents. All information contained therein shall be binding on the Borrower, if the Borrower does not object, either in writing or via electronic mail within 24 hours after any such documents are available to the Borrower.

iii. The Borrower agrees that, the Lender fulfils its legal obligation to deliver to the Borrower any such document if sent via electronic delivery.

iv. The Borrower agrees that the Lender shall not be responsible for non-receipt of Document(s) sent via electronic delivery due to change in/incorrect email address provided by the Borrower for the purpose or for any other reason which inter alia include insufficient space in the inbox of the Borrower, technical reasons or malfunction of the Borrower/'s computer system(s) server/internet connection etc. It shall be the responsibility of the Borrower to intimate the Lender of any change in the Borrower's e-mail account(s).

v. The Lender shall not be liable or responsible for any document or statement received from frauds or impostors or any consequences thereof.

vi. The Lender shall not be liable for any problem, which arises at the Borrower's computer network because of the Borrowers receiving any such statement from the Lender.

vii. The Borrowers understands and agrees that the Lender shall be entitled to charge to the Borrowers fees / charges for sending such Documents. Such fees and charges shall be intimated to the Borrower from time to time by the Lender.

viii. The Borrower acknowledges and accepts that the internet is not a fully secured or a protected medium of communication and provision of services due to the public nature of the communication and that the accuracy, reliability and soundness of such means of communication and provision of services depends upon, amongst others, the service providers and the telephone, modem, cables, systems, facilities and the like used and operated from time to time by such providers and other participants. Borrower acknowledges and further accepts that, as a result of such restraints or limitations, there are risks associated in using such means of communication including the congestion, breakdown, interruption or failure of transmission of the internet service or any communication equipment or facilities, errors, omissions or delays in the transmission and receipt of data and information. There are also other risks involved such as in the unauthorised access, tampering, modification or alteration of the service and/or the system, components and software used or comprised in the service which may result in the use, manipulation, retrieval or the theft or loss of data and information, including Borrower's personal data. The Borrower agrees that the Lender shall not be liable / responsible for such matters and resultant losses under any circumstances.

14.2 Any notice or communication to Lender may be given by way of email to the following email address:
Kind Attn.: PRINCIPAL OFFICER- MY SALARY DOST FINTECH PVT LTD APOLLO FINVEST INDIA LTD/INDIABULLS IVL FINANVCE Email Address:care@salarydost.com Or send a message by filling the form from 'Contact US' window available on the MY SALARY DOST FINTECH PVT LTD Website.

26.

27.15. Transfer and Assignment

15.1 The Lender may, at any time and from time to time, without any consent of or reference to the Borrower, grant, sell, securitize, assign or transfer to any bank, financial institution or other Person(s), for any purpose whatsoever, any or all of its rights, benefits and/or obligations hereunder, the loan documents, Contract including the right to receive the Loan Amounts and Amounts Due or any part thereof and, in particular, may grant / transfer such rights by way of a sale or as a charge or other security or for obtaining risk or financial participation in the Loan and, in such case, the same shall be binding on the Borrower, any Person to whom such rights are granted, transferred or assigned shall be entitled to the full benefit of such rights and all the terms, conditions, representations, warranties and covenants contained herein on the part of the Borrower shall be valid, binding and in full force and effect in favour of such transferees, assignees, purchasers or participants in the Loan.

15.2 The Lender is required to act in accordance with the Applicable Laws and regulations operating in various jurisdictions which relate to the prevention of money laundering, terrorist financing and the provision of financial and other services to any Persons or entities which may be subject to sanctions. The Lender may take, and may instruct other members of the Lender's group to take, any action which it, in its sole and absolute discretion, considers appropriate to take in accordance with all such Applicable Laws and regulations. Notwithstanding any provision of this Contract, neither the Lender nor any member of the Lender's group will be liable for loss (whether direct, consequential or loss of profit, data or interest) or damage suffered by any party arising out of:

i. Any delay or failure by the Lender or any member of the Lender's group in performing any of its duties under this Contract or other obligations caused in whole or in part by any steps which the Lender, in its sole and absolute discretion, considers appropriate to take in accordance with all such Applicable Laws and regulations; or

ii. The exercise of any of the Lender's rights under this clause.

28.

29.16. Disclosure of Information

o16.1 The Borrower hereby irrevocably agrees and consents to the Lender and/or MY SALARY DOST FINTECH PVT LTD disclosing to or publishing with any agencies, bureaus, companies, firms, associations, corporate or unincorporated bodies and other Persons including any outside agencies and credit bureaus (whether for its own use or for onward communication or disclosure by them to others) including but not limited to Credit Information Bureau Limited ("CIBIL") or any other agency authorized by Reserve Bank of India ("RBI") in this behalf, any information or details whatsoever concerning the Borrower including the Borrower's accounts, the financial relationship of the Borrower and history with the Lender, the manner of operation of the Borrower's account(s), the debit or credit balance in any and all accounts of the Borrowers, any default(s) by the Borrower, or any other financial relationship or Loans granted or to be granted to the Borrower and/or the identities, ages, addresses, telephone and fax numbers and other information of or relating to the Borrower (hereinafter collectively referred to as 'the Information'). The Borrower shall not hold the Lender and/or MY SALARY DOST FINTECH PVT LTD responsible for sharing and/or disclosing the Information now or in the future and also for any consequences suffered by the Borrower and/or others by reason thereof. The provisions of this clause shall survive even after the term/termination of this Contract and the repayment of the Loan Amount by the Borrower.

16.2 The Borrower undertakes that CIBIL or any other agency so authorized may use/process the said information and data disclosed by the Lender and/or MY SALARY DOST FINTECH PVT LTD in the manner as may be deemed fit by them. CIBIL or any other agency so authorized may furnish for consideration the processed information, data and products thereof prepared by them to banks, Financial Institutions ("FIs") or other credit granters or registered users as may be specified by RBI in this behalf.

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31.17. Governing Law, Jurisdiction and Arbitration

17.1 This Contract shall be governed by and construed in accordance with the laws of India.

17.2 Unless the same falls within the jurisdiction of the Debts Recovery Tribunal established under the Recovery of Debts to Banks and Financial Institutions Act, 1993, any and all claims and disputes arising out of or in connection with this Contract or its performance shall be settled by arbitration by a single arbitrator appointed by the Lender. The seat of arbitration shall be in Mumbai.

17.3 Nothing contained herein shall be construed as extinguishing, limiting or ousting the jurisdiction of the concerned Debt Recovery Tribunal, if any, available to the Lender.

17.4 For the exclusive benefit of the Lender, the Borrower irrevocably agrees that any legal action, suit or proceeding arising out of or relating to or pursuant to the Loan or other ancillary or related documents may be brought in the courts of Mumbai. By accepting these T&C and Policies, the Borrower irrevocably submits to the jurisdiction of the Courts of Mumbai in any such action, suit or proceeding. Final judgement against the Borrower in any such action, suit or proceeding shall be conclusive and may be enforced in any other jurisdiction, by suit on the judgment, a certified or exemplified copy of which shall be conclusive evidence of the judgment, or in any other manner provided by Applicable Law.

17.5 Nothing contained herein shall affect the right of Lender to commence legal proceedings or otherwise sue the Borrower in any other appropriate jurisdiction, or concurrently in more than one jurisdiction, or to serve process, pleadings and other papers upon the Borrower in any manner authorized by the Applicable Laws of any such jurisdiction.

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33.18. Miscellaneous

18.1 Entire Understanding: These T&C are to be read and understood in conjunction with the KYC Policy, Loan and Risk Policy, Website Terms and Conditions, Privacy Policy and any other Policies that may be displayed on the Website from time to time and represents the entire agreement in respect of the Loan Amount between the Lender and the Borrower hereto on the subject matter hereof. Any provision of these T&C which are prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of prohibition or enforceability but that shall not invalidate the remaining provisions of this Contract or affect such provision in any other jurisdiction.

18.2 Indemnity:

i. The Borrower hereby indemnifies and agrees to keep the Lender indemnified against all costs, charges, expenses, penalties, claims, demands and damages including legal charges that the Lender may incur or be put to by reason of any third party claiming any right, title or interest in the Loan or any other breach of this Contract or any breach of warranty or misrepresentation by the Borrower.

ii. Nothing in this Contract shall be construed as limiting, restricting, making void or otherwise negating any right of set off in favour of the Lender existing or arising in common law, by statute or otherwise howsoever.

18.3 Severability:

If any provision of these T&C or the Policies are held to be invalid, illegal or unenforceable for any reason by any court of competent jurisdiction, such provision shall be severed and the remainder of the provisions of such T&C or relevant Policies, as the case may be, shall continue in full force and effect as if the Contract between the Parties had been entered into without the invalid, illegal or unenforceable provisions.

18.318.4 Waiver: :

The waiver by either Party of a breach of a default by the other Party of any provision relating to these T&C or any Policies shall not be construed as a waiver of any succeeding breach of the same or any other provision, nor shall any delay or omission on the part of either Party to exercise or avail itself of any right, power, or privilege that it has, or may have thereunder, operate as a waiver of any right, power, or privilege by such Party.

18.318.5 Amendment and Modification:

The Lender may amend the T&C and notify the same to the Borrower and such amended T&C will thereupon apply to the Borrower. Lender may amend any Policies and upload the same on the Website and thereupon such amended Policies shall apply to any agreement or understanding between the Borrower and Lender.

18.318.6 No Assignment:

These T&C shall inure to the benefit of and be binding upon the respective heirs, successors and assigns of the Parties hereto. Borrower shall not assign, delegate or otherwise transfer all or any part of his rights or obligations under this Contract without the prior written consent of the Lender and any purported assignment made in violation of these T&C shall be void. Lender may at any time assign all or any part of its rights, obligations and benefits hereunder to any of its subsidiaries or affiliates or transfer or novate all or any part of its rights, benefits and obligations hereunder, to any third party including any bank, financial institution or institutional lender.

18.318.7 Interpretation:

Clause, headings are inserted for convenience of reference only and shall not be deemed to affect the interpretation of these T&C. Words importing the plural shall, except where the context otherwise requires, include the singular and vice versa.

18.318.8 Disclaimer of Agency:

These T&C shall not be deemed to constitute any Party hereto as the agent of any other Party hereto. Nothing contained in these T&C or Policies and no action taken by the Parties hereunder shall be deemed to constitute a relationship of employer-employee or agency or of partnership between the Parties.

34. BORROWER CONFIRMATION AND ACCEPTANCE

Use of MY SALARY DOST FINTECH PVT LTD /MY SALARY DOST FINTECH PVT LTD Website is available only to persons who can form legally binding contracts under Indian Contract Act, 1872. Persons who are "incompetent to contract" within the meaning of the Indian Contract Act, 1872 including minors, un-discharged insolvents etc. are not eligible to use the MY SALARY DOST FINTECH PVT LTD Website

I HEREBY CONFIRM THAT I AM 18 YEARS OF AGE OR ABOVE AND HAVE THE LEGAL CAPACITY TO ACCEPT THE MY SALARY DOST FINTECH PVT LTD PRODUCT TERMS AND CONDITIONS AND POLICIES.

I HEREBY CONFIRM THAT I AM DULY REGISTERED WITH THE MY SALARY DOST FINTECH PVT LTD WEBSITE AND ALL INFORMATION PROVIDED BY ME IN RESPECT OF ACCOUNT REGISTRATION AND AVAILING THE LOAN THROUGH MY SALARY DOST FINTECH PVT LTD IS TRUE AND ACCURATE TO THE BEST OF MY KNOWLEDGE AND BELIEF.

I CONFIRM THAT I HAVE FULLY UNDERSTOOD THESE TERMS AND CONDITIONS. THE LENDER IS ENTITLED TO USE THE SAID INFORMATION AS WELL AS INFORMATION FROM ANY SOCIAL, MOBILE NETWORK AND ALSO ENTITLED TO ASSIGN, TRANSFER THE LOAN (IN FULL OR PART) ALONGWITH INTEREST TO ANY OTHER COMPANY, APPROVED BY RBI.