State Bank of India

Pre-Approved Personal Loan

Terms & Conditions governing Pre-Approved Personal Loan

Name : SHIVAM GUPTA

CIF No.: 85896372613

Date and time of request : 02/12/2023 12:19:54 PM

Loan Amount: Rs. 158000

Tenure : 36 months

Rate of Interest : 13.55%

• The Loan can be availed through channels such as Customer’s Internet Banking
(onlinesbi) or YONO app or through Contact Centre, however the loan account
would be created only upon due acceptance/ acknowledgement of these Terms
and conditions by the borrower through the Customer's Internet Banking / YONO
app or after the customer’s authentication using ‘Unique Code’ on Interactive
Voice Response (IVR) via his/ her Registered Mobile Number in case of Contact
Centre Channel.
• By accepting these Terms and Conditions the Borrower duly acknowledges that
he/she can understand, read and write in English or Hindi language.

• At any point of time, only one "Pre-approved Personal Loan (non-CSP)" is allowed
to be availed from the Bank.

• Processing fee : Processing fee waived till 31.01.2024

• The Bank will not be liable for any unauthorized access to the said Digital
Platforms/channels through the use of password/ MPIN of the customer/
borrower on YONO app or Internet Banking or through customer’s Registered
Mobile Number. The credit of the loan proceeds to the account of the borrower
would deem/would be sufficient to construe that the borrower has duly
authenticated availing of the loan using Internet Banking or YONO app or ‘Unique
Code’ on IVR via Registered Mobile Number (in case through Contact Centre
channel).

• Interest on the loan will be charged on daily reducing balance. The rate of
interest will be fixed for the entire tenure of the loan.

• A standing instruction for Equated Monthly Instalment (EMI) will be set up on the
Salary account with the Bank upon availing of this loan. EMI amount, number of
EMI instalments and EMI start date are provided in the SMS.

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 • The loan is to be repaid in Equated Monthly Instalments. The number of equated monthly
instalments may increase/vary if the entire loan with interest, cost, charges and expenses
is not repaid by/with the stipulated number of equated monthly instalments. The equated
monthly instalments will have to be paid till the entire loan with interest is fully repaid. The
first instalment commences within one month from the date of disbursement of loan. The
subsequent instalments shall fall on or before the same date of each succeeding month
thereafter, till the entire loan is fully repaid with the interest and other unpaid penalty,
costs, charges and expenses, if any. Frequency of repayment: Monthly

• The tentative breakup between principal and interest for the tenure of the loan shall be as
per the Repayment schedule appended to this document.

• In the event of default in payment of any instalment or any irregularity in the loan account,
penal interest at the rate of 2% p.m. over and above the stipulated interest rate with
monthly rests will be charged for the irregular amount and overdue period.

• In the event of the Borrower failing to repay any instalment(s) at any point of
time, the Bank may send written reminders or make telephone call/ SMS or
depute an official to meet Borrower personally, all the incidental charges
appurtenant thereto such as postage, telephone/ SMS charges, transportation
charges, on actual would be recovered from Borrower.

• Example of SMA/NPA Classification dates.

Loans other than revolving facilities:

SMA Sub- Basis of classification – Principal or interest payment or
categories any other amount wholly or partially overdue.
SMA-0 Up to 30 days
SMA-1 More than 30 days and up to 60 days
SMA-2 More than 60 days and up to 90 days
NPA More than 90 days

Example:

o If due date of repayment of a loan account is March 31,2022, and full dues
are not received before the Bank runs the day-end process for this date, the
date of overdue shall be March 31,2022.

o If it continues to remain overdue, then this account shall get tagged as

SMA-1 upon running day-end process on April 30,2022 i.e., upon
completion of 30 days of being continuously overdue. Accordingly, the date
of SMA-1 classification for that account shall be April 30,2022.

o Similarly, if the account continues to remain overdue, it shall get tagged as

SMA-2 upon running day-end process on May 30,2022 and if continues to
remain overdue further, it shall get classified as NPA upon running-end
process on June 29,2022.

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 • No Prepayment / Foreclosure charges will be levied by the Bank on prepayment/
foreclosure of the loan.

• Borrower will undertake not to transfer/ shift his /her Savings account from SBI
to any other Bank during the currency of the loan and will deposit an amount
equivalent to EMI amount every month for credit to the Savings Bank account
maintained with the Bank during the currency of the loan.

• If,

o the borrower fails to pay any amount under this arrangement on or before
the due date or commits breach of any of the terms, covenants, or
conditions contained in this arrangement; or
o it is found that the borrower has made any misrepresentation to the bank; or
o there exist any circumstances which in the opinion of the bank prejudicially
affects or may affect the bank's interest or the borrower's ability to repay the
loan; or
o the borrower commits any default under any other arrangement with the
bank;
The Bank, without prejudice to its other rights, shall be entitled at its option to
demand immediate repayment of the total outstanding amount of the loan,
interest, additional interest, fees, costs, charges, expenses, stamp duty and all
other sums whatsoever payable by the borrower to the bank under this
arrangement and/ or in connection with the loan (hereinafter collectively
referred to as 'the borrower's outstanding’s') and the borrower shall pay the
same to the bank forthwith.

• Notwithstanding anything contained elsewhere in this Terms & conditions, the

continuation of the loan shall be at the sole and absolute discretion of the bank
and the borrower's outstanding’s shall be payable by the borrower to the bank
on demand. The bank may at any time in its sole discretion and without
assigning any reason call upon the borrower to pay the borrower's outstanding’s
and thereupon the borrower shall pay the whole of the borrower's outstanding’s
to the bank without any delay or demur.

• It is a precondition of the loan advances given to the Borrower by the bank, that
in case of default in repayment of the loan/ advances or in the repayment of the
interest thereon or any of the agreed instalment of the loan on due date/s or in
maintaining the outstanding amount within the drawing power at any point of
time, the bank and/ or the Reserve Bank of India will have an unqualified right to
disclose or publish his/her name(s) as defaulter in such manner and through
such medium as the bank or Reserve Bank of India their absolute discretion may
think fit and the borrower will not claim any right of secrecy to his/her account.

• The Terms and Conditions mentioned herein form the contract between the
Borrower availing the Loan facility using the Internet Banking services or YONO
app services or Contact Centre services. By ticking the checkbox on Internet
Banking services/ YONO app or entering the OTP on IVR (through Contact Centre
channel) to authenticate transaction, the Borrower duly acknowledges and
accepts these Terms & Conditions. In addition to these Terms and Conditions,
any other conditions relating to the accounts of the customer/borrower including
but not limited to those governing Internet Banking / YONO/ Contact Centre

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 services will also apply to this Loan. In the event of any conflict between these
Terms and Conditions and such other conditions, these Terms and Conditions
will continue to prevail in respect of the Loan.
• In case of any default, the Bank reserves the right to use the services of
resolution agents/collection agents for recovery of loans and their service
charges, if any, will be borne by the customer.
The list of recovery /resolution agents is available on the Bank’s website.

Key fact statement:

Date: 02/12/2023 Name of the Regulated entity: State Bank of India

Applicant Name: SHIVAM GUPTA

Sr. No. Parameter Details

(i) Loan amount (in Rupees) 158000

(ii) Interest Type (Floating or Fixed) / Effective interest Fixed @ 13.55% p.a.
rate

(iii) Total interest charge during the entire tenor of the 35176
loan (in Rupees)

(iv) Other up-front charges, if any (break-up of each 0

component to be given below) (in Rupees) (Sum of
a+b+c)

(a) Processing fees, if any (in Rupees) 0

(b) Insurance charges, if any (in Rupees) 0
(c) Others (if any) (in Rupees) (details to be provided) 0
(v) Net disbursed amount ((i)-(iv)) (in Rupees) 158000
(vi) Total amount to be paid by the borrower (sum of (i), 193177
(iii) and (iv)) (in Rupees)

(vii) Annual Percentage Rate (APR) - Effective 13.55%

annualized interest rate (in percentage) (computed
on net disbursed amount using IRR approach and
reducing balance method)

(viii) Tenor of the Loan (in months/days) 36 months

(ix) Repayment frequency by the borrower Monthly
(x) Number of instalments of repayment 36
(xi) Amount of each instalment of repayment 5366
(in Rupees)

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 Details about Contingent Charges

(xii) Rate of annualized penal charges in case of delayed 24% p.a. on overdue amount for
payments (if any) overdue period

(xiii) Rate of annualized other penal charges (if any); NA

(details to be provided)
Other disclosures

(xiv) Cooling off/look-up period during which borrower 3 days

shall not be charged any penalty on prepayment of
loan

(xv) Details of LSP acting as recovery agent and In case of any default, the Bank
authorized to approach the borrower reserves the right to use the
services of resolution agents /
collection agents for recovery of
loans and their service charges,
if any, will be borne by the
customer.

(xvi) Name, designation, address and phone number of Published on Bank website at
nodal grievance redressal officer designated https://bank.sbi/web/customer-
specifically to deal with FinTech/ digital lending care/addresses-and-helpline-
related complaints/ issues nos-of-grievances-redressal-
cell
(xvii) Date of interest reset No reset
(xviii) Mode of communication of changes in interest As published on the Bank’s
changes in interest rates/MCLR/APR website

(xix) Conversion charges for switching from floating to Not Applicable

fixed interest and vice-versa

(xx) Details of security/collateral obtained NIL

The above digital loan is Applied, Accepted, Signed and Delivered by the borrower by
authenticating the Terms and Conditions by ticking the “I agree to the terms and conditions”
checkbox and by entering the OTP sent on borrower’s mobile number/e-mail registered with SBI
and that there is no requirement of any physical signature on any loan document.

Loan Transaction Log Details

Session login date and time for availing the loan 02-12-2023 12:17:25

Date and time of click on offer banner 02-12-2023 12:18:11

Maximum Loan Amount offered to the borrower Rs 158000/-

Loan Amount selected by the borrower Rs 158000/-

Maximum Loan Tenure offered to the borrower 36 months

Loan Tenure selected by the borrower 36 months

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 EMI repayment date selected by the borrower 02-01-2024

Date and time of accepting T&C consent 02-12-2023 12:19:41

Customer OTP receipt recorded in TnC 02-12-2023 12:19:54

OTP sent date and time 02-12-2023 12:19:41

OTP sent on (mobile number) 7417439743

Date and time of submission of loan request (OTP 02-12-2023 12:19:54

submission by borrower)

Mobile make, model & platform POCO 22021211RI, android

Customer loan request received through 2409:40d2:48:4095:604b:dc19:

(Device IP Address)

Note: This is a system generated, digitally signed document.

Digitally signed by SBI_RLMS
Date: 2023.12.02 12:19:57 GMT+05:30
Reason: Digital Document Execution
Location: Maharashtra

Detailed Repayment Schedule

(All amounts in Rupees)

Instalment Outstanding Principal Interest Instalment

No. Principal
1 158000 3582 1784 5366

2 154418 3622 1744 5366

3 150796 3663 1703 5366

4 147132 3705 1661 5366

5 143428 3746 1620 5366

6 139681 3789 1577 5366

7 135893 3832 1534 5366

8 132061 3875 1491 5366

9 128186 3919 1447 5366

10 124268 3963 1403 5366

11 120305 4008 1358 5366

12 116297 4053 1313 5366

13 112245 4099 1267 5366

14 108146 4145 1221 5366

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 Instalment Outstanding Principal Interest Instalment
No. Principal
15 104001 4192 1174 5366

16 99809 4239 1127 5366

17 95570 4287 1079 5366

18 91284 4335 1031 5366

19 86948 4384 982 5366

20 82564 4434 932 5366

21 78130 4484 882 5366

22 73647 4534 832 5366

23 69112 4586 780 5366

24 64527 4637 729 5366

25 59889 4690 676 5366

26 55199 4743 623 5366

27 50457 4796 570 5366

28 45661 4850 516 5366

29 40810 4905 461 5366

30 35905 4961 405 5366

31 30944 5017 349 5366

32 25928 5073 293 5366

33 20855 5131 235 5366

34 15724 5188 178 5366

35 10536 5247 119 5366

36 5289 5289 77 5366

(Based on interest rate mentioned in Key Fact Table).

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