Borrower's Declaration (Terms & Conditions)

I/We have applied for loan at Axis Finance Limited (“AFL”). I/We undertake, declare, agree and confirm that:

• I / We agree that the AFL shall carry out KYC verification through either Video-based Customer Identification Process (V-CIP) or in-person verification, as deemed appropriate by the AFL. I / We understand that we have the option to choose either of these processes for completion of our KYC.
• We understand the Risk Gradation and Interest Rate on a Loan that I / We have applied for will be based on Loan amount, tenure, down payment, Security / Collateral offered for the Loan, risk parameters, market conditions, cost of funds, loan history with AFL, credit score provided by credit information company, my / our age, income and any other information as may be required for the purpose of credit evaluation
• I / We am / are aware the normally applicable interest on loans and other charges are available on the website https://www.axisfinance.in
• I/We acknowledge application of loan, applicable schedule of charges along with documents to be submitted for my loan processing with Axis Finance. I /we understand that AFL will convey its decision within 45 days from the date of the receipt of the application provided the application is complete in all respects and is submitted along with all the documents as per check list provided for loan and or any additional documents as may be required by AFL for proper appraisal of the application.
• All particulars, information, copies of financials/bank statements/title records/legal and other documents and details given/filled in or submitted along with this Loan Application, or tab/mobile app based Application form filled by AFL representative are true, correct, and updated in all respects and that no information/details whatsoever has been withheld/concealed. The information/details/documents submitted by me/us including sensitive personal information shall form the basis of the credit appraisal done by AFL and any loan/service or amount thereof that AFL may decide to grant to me/us at its sole discretion.
• In case any discrepancy is found or observed from the documents/information/detail submitted by me/us, AFL shall, in its sole discretion, be entitled to cancel the sanction at any stage or recall the loan, if already disbursed.
• I/We have never defaulted in any loan availed from AFL or any other bank/financial institution.
• No award, decree, judgement or order has been passed against me/us involving breach of contract, tax malfeasance or other misconduct which could have any adverse effect on my/our capacity to repay the loan.
• I/We confirm that no insolvency proceedings or suits for recovery of outstanding dues or monies whatsoever and/or any criminal proceedings or any proceedings for winding up, dissolutions, administration or reorganization or for the appointment of the receiver, administrator, administrative receiver, trustee or similar officer for my/our assets have been initiated and/or are pending against me/us and that I/We have never been adjudicated insolvent by any court or other authority.
• I/We specifically authorize AFL and all its group/business associate companies and their employees, agents and representatives to collect, exchange, share or part with all or any information for any purpose including cross selling and referrals.
• I/We acknowledge and agree that AFL shall have, in its absolute discretion and without assigning any reason (unless required by applicable law), the right to accept or reject the Loan Application and AFL shall not be responsible in any manner whatsoever to me/us for such rejection or any delay in notifying me/us of such rejection and any costs, losses, damages or expenses, or other consequences, caused by or arising out of such rejection, or any delay in notifying me/us of such rejection, of my/our application. Quantum of the loan will be finally decided by AFL and AFL has not made any commitment to me/us regarding the same.
• The amount of loan shall be decided by AFL in its sole discretion and AFL does not and has not made any commitment to me/us regarding the same.
• AFL is not under any obligation under any circumstances whatsoever to refund registration/upfront/processing fee or any fee by whatever name called once paid.
• All payments including for stamp duty, registration fee, legal fee, valuation charges, ROC filing charges (if applicable), documentation charges and any other out of the pocket expenses as per actuals shall be borne by me/us.
• I/We understand that the disbursement will be subject to production of necessary documents as may be required by AFL from time to time,satisfactory completion of AFL appraisal and documentation process and compliance with AFL laid down norms/guidelines.
• Any change in information submitted with this Loan Application or thereafter including change in address(s), employment or profession, income, telephone number etc. shall be promptly informed to AFL.
• I/ We confirm that I/we shall cooperate with AFL and furnish additional documents and/or shall execute such other documents, if necessary to enable AFL to abide by/comply with all other existing/further directives of the statutory/regulatory authorities/any other authority in accordance with applicable laws.
• I/We authorize AFL to disclose any information/documents submitted with Loan Application or anytime thereafter or relating to me/us, of the loan(s) proposed to be availed by me/us, as AFL may deem appropriate and necessary, to Reserve Bank of India, tax authorities, Credit Bureaus, third parties, credit rating agencies, TransUnionCredit Information Bureau (India) Ltd. or any other agency authorized in this behalf by RBI, or Government or any regulatory/statutory/judicial/quasi-judicial authority and also to obtain information from these agencies/authorities etc. with respect to me/us so as to enable AFL to appraise my/our Loan Application.
• I/We undertake that (a) CIBIL and any other agency so authorized may use, process the said information and data disclosed by AFL in the manner as deemed fit by them; and (b) CIBIL and any other agency so authorized may furnish for consideration, the processed information and data disclosed 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.
• I/We hereby authorize AFL as may be required in order to enforce the rights of AFL pursuant to the provisions of the insolvency and Bankruptcy Code, 2016 and required to monitor the Loan and the utilization thereof, and /or to take steps toward the recovery of the Outstanding Amounts.
• I/We authorise AFL to contact me/us for products and services offered by AFL or any service provider regarding dues, marketing schemes, various other financial and insurance products, etc. in any of the following methods: (a) Telephone even if the Applicant’s name appears in Do Not Call Register. (b) E-mail (c) SMS (d) Whatsapp; (e) other communication channels under applicable laws.
• I/We hereby confirm that I/we am/are competent and fully authorized to give declarations, undertaking etc. execute and submit this Loan Application and all other documents for the purpose of availing the loan, creation of security and for all the purposes mentioned/required to be done in this regard.
• I/We hereby declare that information given by us in application form and digital application form, if there is any inconsistency, the information provided in digital form will prevail.
• I/We expressly and irrevocably give further consent that AFL is entitled (but not obliged) to contact at any such place, person/or entity, reasonably believed by AFL of having any connection with the Applicants, details of which may be available with AFL either directly or indirectly in order to establish contact with the Applicants, disclose relevant information regarding the Loan or procure information that may be relevant for AFL to service the Loan or exercise its rights and obligations in terms of the T&C.
• No money or fees has been solicited or paid in cash to any AFL employees/business associates during the process of application submission.
• Any information or data disclosed to AFL pursuant to the Loan Application Form and the T&Cs has been provided out of the Applicant’s own free will and volition.
• AFL may collect, use, process, store, transfer the information or data, including any sensitive personal information or data, for any or all of the following purposes : (i). Of data processing, statistical or risk analysis, conducting credit or KYC or anti-money laundering checks, credit risk management, or monitoring the Applicant’s credit worthiness. (ii). Of meeting the disclosure requirements of any law binding on AFL.
• I/We agree that submission of the Loan Application does not imply automatic approval of the loan by AFL. AFL may request for additional documents other than those submitted along with the Loan Application. I/We confirm that the executive who collected my/our applications/documents has informed me/us and I/we am/are fully aware that –1. Any tax, fee, cess, duty etc. as may be applicable and payable from time to time will be charged in connection with the loan. 2. AFL is not liable for the safe keeping and return of any documents/papers or copies thereof submitted along with the Loan Application. 3. AFL shall not be liable to process any incomplete/defective applications and AFL shall not be responsible for any resulting delay or otherwise. 4. The Loan Application, documents/photographs or any other detail etc. once submitted by me/us will not be returned under any circumstances whatsoever by AFL. This application form is considered valid unless the applicant revokes the same.
• With regard to our loan account, in case AFL is unable to establish positive contact on the registered number and/or address, I/we authorize AFL to get in touch with the Co-borrower(s) / Reference(s) whose details have been shared in the Loan Application Form.
• I/We acknowledge that AFL may process my/our personal data in accordance with the provisions of the Digital Personal Data Protection Act, 2023 (as amended from time to time) and other applicable data protection laws in India. I/We confirm that I/we have read and understood AFL's Privacy Policy, which is available on the AFL website.
• I/We understand that any sensitive personal data or information (SPDI) provided by me/us will be handled and processed by AFL with the highest level of security and confidentiality, as required by law. I/We agree that AFL may transfer my/our personal data to third parties, including entities located outside India, for purposes related to credit evaluation, loan processing, and other lawful purposes, in compliance with the Digital Personal Data Protection Act, 2023, and AFL’s policies.
• I/We hereby declare and confirm that any purchase by me/us of any insurance product is purely voluntary and we have clearly understood the insurance product offering made by the insurance company.
• I do hereby declare that, in case I have submitted deemed OVD as a proof of my current address, I will submit any one of the Officially Valid document within period of three months from the date of the loan application with updated current address as mentioned in the deemed OVD submitted by me as part of this application.
• I/We hereby declare that there is no change in the personal information, occupation, contact details provided at the time of all my previous applications / last application submitted by me.
• I/We hereby declare that in case of any updation in the aforementioned information, it shall be provided to the AFL representative along with supporting documents along with loan application form.
• I/We, give my/our consent to download my/our KYC Records from the Central KYC Registry (CKYCR), only for the purpose of verification of my/our identity and address from the database of CKYCR Registry. I/We, understand that my/our KYC Record includes my KYC Records /Personal information such as my name, address, date of birth, PAN number etc. (Do share the OTP received to consent)
  OR
  I/We do not wish to provide by consent to download my/our KYC records from Central KYC Registry (CKYCR).

• Document Checklist
  General Documents	Application form with photograph duly signed by applicant & co-applicant/s Processing fees cheque
  Indicative list of KYC documents	Individual Mandatory – PAN / Form 60 and OVD (any one) - Passport, Voter ID, Driving License, Masked Aadhaar Card, Job card issued by NREGA Non-Individual PAN ·MOA and AOA / Partnership Deed / LLP Agreement / Trust Deed, Certificate of incorporation / Registration Certificate, Board Resolution / Power of attorney / Letter of authority. Business Proof (for Sole Proprietorship firm, any two) - Udyam Registration Certificate (URC), Shops and Establishment Registration Certificate, Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities, IEC (Importer Exporter Code) issued by the office of DGFT, License/Certificate of Practice issued by any professional body incorporated under a statute, Complete Income Tax Return (not just the acknowledgment) duly authenticated/acknowledged by the Income Tax authorities, Utility bills such as electricity, water, landline telephone bills, etc.
  Income Documents	Individual Latest 3 months’ salary slips for fixed salary income & latest 6 months’ salary slip for variable income / latest form 16 Non-Individual CA certified latest 2 years ITR with computation of income for last 2 years. Minimum 6 months gap should be maintained between filing of 2 income tax returns Latest 2 years audited / CA certified P&L A/C & balance sheet pf the firm / company
  Bank Statement	Individual Latest 6 months bank statement of salary account Non-Individual Latest 1-year bank statement of salary / current / operative account for both individual & company
  Documents for Education loans	Academic Documents Fees Structure Proof of Admission Relationship Proof

*AFL may use the services of their authorized agencies with respect to customer acquisition, underwriting support, debt management and associated customer service.