educational loan agreement - Canara Bank

e°ojH$ F$U H$amaZm_m
EDUCATIONAL LOAN AGREEMENT
NF 440 /1 L(25)/2010-02/Saileela
H$ama d gm_m›` _wªVmaZm_m H{$ Í$[ _|
ÒQ>°Â[ bJm`m OmZm MmohE $&
To be stamped as an agreement cum general
power of attorney
e°ojH$ F$U H{$ obE `h H$amaZm_m..................................... ÒWmZ [a AmO.......................................... H{$
.......................................................oXZH$m{,
This agreement for Educational loan made at.....................................................................................................
this..................................................................... day of ........................................................................between
H$) lr/lr_Vr................................................................................................................................(_mVm-o[Vm) [wÃ/[wÃr
................................................................Am`w bJ^J ..................................................gmb, oZdmgr
...................................................................................................................................................................
A) Sri/Smt..................................................(parent) son of/daughter of ......................................................................
..........................aged about .........................years, residing at .............................................................................
...................................................................................................................................................................
I) lr/lr_Vr........................................(od⁄mWu) [wÃ/[wÃr...................................Am`w bJ^J................... gmb, oZdmgr
.............................................................................................oOZH$m ‡oVoZoYÀd o[Vm/Ao^^mdH$ H{$ ¤mam oH$`m Om ahm h° Am°a
oO›h| BgH{$ ]mX ""‡W_ [j'' H{$ CYmaH$Vm© H$hm OmEJm (Ohm± ^r gßX^© H{$ AZwgma E{gm A[{ojV hm{ `m AZw_V hm{, Cg e„X H{$ AßVJ©V CgH{$
dmnag, oZÓ[mXH$, ‡emgH$ Am°a g_ZwX{oeVr ^r Am`|J{) $&
B) Sri/Smt ................................................................................................................. (student) son of/daughter of
................................................aged about ..................... years, residing at ..........................................................
..................................................................................................................................................represented
by father/guardian and hereinafter called the borrowers of the FIRST PART (which term wherever the context so
requires or admits shall also include his heirs, executors, administrators and assigns)
Am°a/AND
J) lr/lr_Vr......................................................[wÃ/[wÃr...................................................Am`ww bJ^J
...........................................gmb, oZdmgr.......................................................................oO›h| BgH{$ ]mX o¤Vr` [j H{$
""gh Am^mar'' H$hm OmEJm (oOg e„X H{$ AßVJ©V, Ohm± ^r gßX^© H{$ AZwgma E{gm A[{ojV `m AZw_V hm{, CgH{$ dmnag, oZÓ[mXH$, ‡emgH$ Am°a
g_ZwX{oeVr Am`|J{)
C) Sri/Smt ................................................................................................................. son of/daughter of/wife of
....................................................................................................... aged about ................................... years,
residing at................................................................................................................................... hereinafter
called the co-obligant of the SECOND PART (which term wherever the context so requires or admits shall include his
heirs, executors, administrators and assigns)
Am°a/AND
Xyga{ [j _| H{$Zam ]¢H$ Om{ oH$ ]¢qH$J Hß$[Zr (C[H´$_m| H$m Ao^J´hU VWm AßVaU) AoYoZ`_ 1970 H{$ AYrZ JoR>V oZ`o_V oZH$m` h° oOgH$m
‡YmZ H$m`m©b`, 112, O`Mm_amO|– am{S>, ]|Jbya 560 002 _| pÒWV h°, oOgH$s AZ{H$ emImAm|/H$m`m©b`m| g{{ hm{ EH$............................
_| pÒWV h°, oOgH$m ‡oVoZoYÀd CZH{$ odoYdV oZ`w∫$ EQ>m∞Zu lr/lr_Vr...............................................H$a ah{ h¢, oO›h| BgH{$
]mX ]¢H$ H$hm OmEJm, oOg e„X H{$ AßVJ©V Ohm± ^r gßX^© H{$ AZwgma E{gm A[{ojV `m AZw_V hm{, CgH{$ g_ZwX{oeVr Am°a EQm∞Zu emo_b h¢ $&
Canara Bank, a body corporate constituted under the Banking Companies (Acquisition and transfer of undertakings)
Act of 1970 having its Head Office at 112, Jayachamarajendra Road, Bangalore-560002 and having among others, a
Branch Office at.....................................................................................................represented by their duly
constituted attorney Sri./Smt........................................................................... hereinafter called “The Bank”, which
term wherever the context so requires or admits shall include its assignees and attorneys of the OTHER PART.

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My±oH$ CYmaH$Vm© oejm, CÉ oejm, X{e/odX{e _| Omar aIZm MmhVm h°, oOgH$m oddaU ZrM{ oX`m J`m h°, Am°a CgZ{ C∫$ [mR≤>`H´$_ H$m
ewÎH$ oH$Vm]|, b{IZ gm_J´r, hm±ÒQ>b IMm~, dm`w`mZ g{ `mÃm H$m oH$am`m (odX{e _| A‹``Z H{$ _m_b{ _|) Am°a A›` IM~ CR>mZ{ h{Vw F$U
H{$ obE Amd{XZ oH$`m h° $&
WHEREAS the Borrower intends pursuing study/higher study inland/abroad particulars whereof are set out below and has applied for
loan for meeting the fees, books, stationery, hostel expenses, air passage (in the case of study abroad) and other expenses of the said
course.
A‹``Z H{$ [mR≤>`H´$_ H$m oddaU /PARTICULARS OF THE COURSE OF STUDY
1. odÌdod⁄mb` / UNIVERSITY
2. H$mb{O `m gßÒWm / COLLEGE OR INSTITUTION
3. [mR≤>`H´$_ / COURSE
4. [mR≤>`H´$_ H$s AdoY / DURATION OF COURSE
Am°a MßyoH$, CYmaH$Vm© H$m{ C∫$ ‡`m{OZ H{$ obE ]¢H$ ¤mam È.................................(È[`{..............................................
...........................................................................................) H$s gr_m VH$ F$U _ßOya oH$`m J`m h° $&
AND WHEREAS a loan for the said purpose to the limit of Rs..............................................(Rupees..........................
.......................................................................................................... ) has been sanctioned to Borrower by the Bank.
Am°a BgH{$ [jH$ma gh_V hm{ J`{ h¢ oH$, C∫$ F$U H$s eV~ Bg_| ZrM{ obI{ AZwgma hm|Jr $&
AND WHEREAS the parties hereto have agreed that the terms and conditions of the said loan shall be as set out hereunder.
A] dmXm{ß H$m{ ‹`mZ _| aIV{ h˛E VWm ]¢H$ ¤mam CYmaH$Vm© H$m{ oZÂZ ‡H$ma g{ È....................................................................
(È[`{..............................................................................) H$s amoe H$m AoJ´_ X{Z{ H$m odMma H$aV{ h˛E $&
Now in consideration of the premises and in consideration of the sum of Rs...................... (Rupees ..............................
........................... ............................................................) agreed to be advanced by the Bank to the Borrowerinthe
manner herein set forth.
[moQ>©`m| H{$ ]rM H$ama Am°a Km{fUm H$a odb{I oZÂZmZwgma gm˙`mßoH$V oH$`m OmVm h° :-
IT IS HEREBY AGREED AND DECLARED BETWEEN THE PARTIES AND THIS DEED WITNESSETH AS FOLLOWS:
h_ CYmaH$Vm© Am°a gh Am^mar gß`w∫$ Am°a [•WH$ Í$[ g{ ]¢H$ H{$ ‡oV oOÂ_{Xma h°ß
Am°a È...............................(...............................................................È[`{) VWm Cg[a oZÂZmZwgma „`mO H$m{
BgH{$ AmJ{ Xr JB© [’oV H{$ AZwgma MwH$mZ{ H$m CŒmaXmo`Àd b{V{ h° $&
We the Borrower and the Co-obligant do hereby bind ourselves jointly and severally to the Bank and undertake to
repay the sum of Rs.............................(Rupees ....................................................................... )
and interest thereon as specified below to be repaid to the Bank in the manner hereinafter provided.
[moQ>©`m± `hm± AmJ{ oZÂZmZwZma gh_V hm{Vr h¢ Am°a Km{fUm H$aVr h¢ / The parties hereto further agree and declare as follows:
1. ]¢H$ CYmaH$Vm© H$m{ CVZr oH$ÌVm| _| VWm E{g{ g_` [a F$U X{Jm, Om{ dh R>rH$ Am°a CoMV g_P{Jm VWm CYmaH$Vm© H$s agrX YZamoe H$s AXm`Jr H$m
[`m©· ‡_mU hm{Jr VWm dh gh Am^mar [a ^r ]ßYH$ hm{Jr
The Bank shall advance the loan to the Borrower in such instalments and at such times as it deems fit and reasonable
and the receipt of the Borrower shall serve as sufficient proof of the payment of the amount and shall be binding on the
Co-obligant.
2. ]¢H$ D$[a AZwgma _ßOya H$s JB© AoYH$V_ YZamoe AoJ´_ X{Z{ H{$ obE ]m‹` Zht hm{Jm VWm dh Bg AmYma [a A[Z{ [yU© odd{H$ [a oH$gr ^r g_`
YZamoe X{Z{ g{ BZH$ma H$a gH$Vm h° AWdm Am°a AoJ´_ X{Zm ]ßX H$a gH$Vm h° Bg AmYma [a oH$ CYmaH$Vm© H$m{ ghm`Vm H{$ A›` gmYZ o_b JE h¢ AWdm
dh oH$gr [arjm _| AZwŒmrU© hm{ J`m h° `m CgH{$ A‹``Z ]ßX H$a oX`m h° `m CgZ{ A[Z{ A‹``Z Am°a ‡JoV H{$ gß]ßY _| gßVm{fOZH$ na[m{Q>© ‡ÒVwV Zht
H$s h° AWdm oH$gr A›` H$maU g{ oOg{ ]¢H$ A[Z{ [yU© Òdodd{H$ [a ›`m`m{oMV Am°a [`m©· g_PVm h° $& Bg ‡H$ma YZamoe H$s AXm`Jr ]ßX H$a oXE
OmZ{ H$s AdÒWm _| Om{ AXm`Jr H$s Om MwH$s hm{Jr, C›h| hr Bg ]ßY [Ã VWm H$ama H{$ AßVJ©V [yU© F$U g_Pm OmEJm VWm dh VXZwgma MwH$m°Vr H{$
obE `m{Ω` hm{Jm $&
The Bank shall not be bound to advance the maximum amount sanctioned as above and may decline to advance the
amount or discontinue further advances at any time at its absolute discretion on the ground that the Borrower has
found other means of assistance or that he has discontinued his studies or has failed in any examination or has failed to
produce a satisfactory report of his studies and progress or for any other reasons which the Bank at its absolute
discretion may consider justified and sufficient. In the event of such discontinuance, the payments already made shall
be deemed to be a completed loan under this agreement and shall be repayable accordingly.
3. CYmaH$Vm© CgH{$ [V{ _| hm{Z{dmb{ oH$gr ^r [nadV©Z g{ ]¢H$ H$m{ gyoMV aIZ{ H$m dMZ X{Vm h° Am°a AJa CYmaH$Vm© CgH$m [mR≤>`H´$_ [yam hm{Z{ H{$ [hb{
AÒWm`r Í$[ g{ ^maV H$m ^´_U H$aVm h° Vm{ dh CgH{$ ^´_U H{$ ]ma{ _| Am°a CgH{$ ^maV _| AßoV_ ]ma bm°Q>Z{ [a ^r ]¢H$ H$m{ gyoMV H$a{Jm $& O] CYmaH$Vm©
^maV _| bm°Q>Vm h° Vm{ dh VwaßV ]¢H$ g{ gß[H©$ H$a{Jm Am°a ]¢H$ H$m{ X{` aH$_m| H$s MwH$m°Vr H$s Ï`dÒWmAm| H{$ ]ma{ _| gyoMV H$a{Jm $&

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The Borrower undertakes to keep the Bank informed about any change in his/her address and the Borrower shall also
intimate the Bank about his/her visits to India in case he/she visits India temporarily before the course is completed
and also about his/her ultimate return to India. The Borrower shall contact the Bank as soon as he/she returns to India
and inform the Bank about his/her further programmes and the arrangements to repay the dues to the Bank.
4. ]¢H$ oZ`_m| Am°a odX{er _w–m odoZ`_ H{$ AZwgma F$U _ßOya Am°a odVnaV oH$`m Om`{Jm Am°a CYmaH$Vm©, ^maVr` naµOd© ]¢H$ `m A›` gß]ßoYV
‡moYH$mna`m| ¤mam oZYm©naV g^r OÍ$aVm| O°g{ oH$ F$U H$s ‡mo· AmgmZ ]ZmZ{ h{Vw odX{er _w–m H{$ ‡{fU H{$ obE OÍ$ar AZw_m{XZ ‡m· H$aZm Am°a AmJ{
CYmaH$Vm© oH$gr ^r H$maU g{ odoZ_` oZ`ßÃU `m A›` odoZ`_m| H{$ [mbZ H$aZ{ _| MyH$ H$aVm h° `m Aßg_W© h° `m ]¢H$ oH$gr d°Y ÈH$mdQ> H{$ H$maU
E{gr µOÍ$aVm| H$m{ [yam H$aZ{ _| Ag_W© h° Vm{, F$U X{Z{ g{ BZH$ma H$aZ{ H{$ obE dh ÒdVßà hm{Jm $&
The loan shall be granted and disbursements made subject to the Bank’s rules and foreign exchange regulations and the
Borrower shall comply with all the requirements prescribed by the Reserve Bank of India or other concerned authorities
such as obtaining of necessary approval for remittance of foreign exchange in order to facilitate the availment of the
loans and the Bank shall be at liberty to refuse to grant the loans, if the Borrower fails to or is unable to comply with
the Exchange Control or other Regulations, for any reason whatsoever or if the Bank is unable to comply with such
requirements on its part on account of any legal impediments.
5. oH$ C∫$ AoJ´_ Am°a CYmaH$Vm©/CYmaH$Œmm©Am| ¤mam Bg H$amaZm_{ H{$ AßVJ©V ‡X{` g_ÒV YZamoe`m| H{$ _m_b{ _| Bg H$amaZm_{ H{$ AßVJ©V oX`{ J`{ AoJ´_m|
H$s ‡À`{H$ oH$ÒV H$s VmarI g{.............‡oVeV ‡oV df© H$s Xa [a „`mO ‡^mnaV oH$`m OmEJm, ]eŒm~ oH$ D$[a CoÑoIV „`mO g_`-g_` [a
]¢H$ H{$ ‡YmZ H$m`m©b` ¤mam „`mO H$s Xam| _| oH$`{ J`{ [nadV©Zm| H{$ AYrZ hm{ $& CYmaH$Œmm© EVX≤¤mam odoZoX©Ô> Í$[ g{ ]¢H$ H{$ ‡YmZ H$m`m©b` ¤mam
g_`-g_` [a O°gm oH$ gßem{oYV hm{ d•o’ gohV „`mO H$s Xa _| [nadV©Z H{$ Zm{oQ>g H$m AoYÀ`mJ H$aVm h°/H$aV{ h¢ $& CYmaH$Œmm© EVX≤¤mam AmJ{ gh_V
h°/h¢ oH$ ]¢H$ H{$ [naga _| Zm{oQ>g ]m{S>© _| AoYgyoMV „`mO H$s Xa _| Bg Vah H{$ [nadV©Z H$s gyMZm CZH{$ obE [`m©· Zm{oQ>g h° Am°a$ g_ÒV X{` amoe`m|
H$s MwH$m°Vr hm{Z{ VH$ g_`-g_` [a ]¢H$ H{$ Zm{oQ>g ]m{S>© _| AoYgyoMV „`mO H$s Xa H$m{ AXm H$aZ{ h{Vw CYmaH$Œmm© gh_V h°/h¢ $&
That the said advance and all money payable by the Borrower under this agreement from the date of every instalment
advanced under this agreement shall carry interest at the rate of .........% p.a. provided that the above interest shall
be subject to the changes in interest rates made by Head Office of the Bank from time to time. The borrower hereby
specifically waive notice of variation of rate of interest including enhancement from time to time as revised by Head
Office of the Bank. The Borrower further agrees that such variation in the rate of interest notified in the Notice Board
in the Bank premises shall be sufficient notice to them and that the borrower agrees to pay interest at the rate
notified in the Notice Board of the Bank from time to time until all dues are cleared in full.
[wZ^w©JVmZ H$s ewÈAmV VH$ _yb amoe [a H°$b S>a _mogH$/ oV_mhr AßVambm| [a gh_V Xa [a, gm_m›` „`mO ‡^mnaV oH$`m OmZm MmohE$& CgH{$
]mX [wZ^w©JVmZ H$s ewÍ$AmV VH$ gßoMV gm_m›` „`mO gohV _yb amoe, H$m{ [yßOrH•$V oH$`m OmEJm Am°a H°$b S>a _mogH$/ oV_mhr AßVambm|[a
MH´$doY©V AmYma [a, gh_V Xam| [a ^wJVmZ H$s ewÍ$AmV H$s oVoW g{, E{gr [yßOrH•$V amoe [a „`mO ‡^mnaV oH$`m OmEJm$&
Simple Interest is to be charged at the agreed rate at calendar monthly/quarterly intervals on principal amount, till
commencement of repayment. Thereafter the principal amount together with accumulated simple interest till
commencement of repayment will be capitalised and interest on such capitalised amount shall be charged from date of
commencement of repayment at agreed rates on compounded basis at calendar monthly/quarterly rests.
6. CYmaH$Vm© Bg F$U H$s Am°a `oX hm{ Vm{ Bg H{$ [hb{ oX`{ J`{ F$Um| H$s Am°a BgH{$ AmJ{ CYmaH$Vm© H$m{ oX`{ OmZ{dmb{ F$Um| H$s Hw$b amoe D$[a H{$
_wVmo]H$ „`mO Am°a ‡mgßoJH$ IMm~ H{$ gmW ZrM{ Ò[Ô> oH$`{ J`{ AZwgma _mogH$/AY©dmof©H$ oH$ÌVm| _| MwH$Vm H$a X{Jm $&
The Borrower shall repay the total amount of this loan as well as other loans, if any, already made and of fresh loans
which may hereafter be made or advanced to the borrower together with interest as above and incidental expenses by
such monthly/Half yearly instalments, as detailed herebelow:
[wZ^w©JVmZ eV~ /REPAYMENT CONDITIONS
A‹``Z AdoY H{$ Xm°amZ Xm{Zm| _yb Am°a „`mO H{$ obE [wZ^w©JVmZ AdH$me ‡m· hm{Jm$&
There shall be repayment holiday for both principal and interest during the study period.
[mR≤>`H´$_ [yam hm{ OmZ{ H{$ ]mX EH$ df© [ÌMmV≤ `m Zm°H$ar/Om∞] o_bZ{ H{$ N>ï _hrZ{ H{$ ]mX MwH$m°Vr ewÍ$ hm{Jr$& [mR≤>`H´$_ [yam hm{V{ hr `m Om∞] AWdm
Zm°H$ar o_bV{ hr CYmaH$Vm© ¤mam ]¢H$ H$m{ CgH$s gyMZm Xr OmE$&
The repayment shall start one year after completion of the course or after six months of getting employment/job
whichever is earlier. The borrower shall inform the Bank once the course is completed or a job or employment is
secured.
F$U X{`Vm (AWm©V≤ CYma ob`m J`m _yb YZ + gßoMV „`mO + ^mdr „`mO) H$m ^wJVmZ g_mZ _mogH$ oH$ÌVm| (B©.E_.AmB©)
_| ............_hrZm| _| oH$`m OmZm MmohE$&
The loan liability (i.e. Principal amount borrowed + accumulated interest + future interest) is to be paid in Equated
Monthly Instalment (EMI) in ......................... months.
_yb F$U amoe VWm MwH$m°Vr AdH$me AdoY H{$ Xm°amZ gßoMV gab „`mO H$m{ ‹`mZ _| aIV{ h˛E g_mZ _mogH$ oH$ÌVm| H$s amoe H$m oZYm©aU MwH$m°Vr
H{$ ‡maß^ _| hr oH$`m OmEJm$& MwH$m°Vr AdoY H{$ Xm°amZ ð_mogH$ MH´$doY©V ^mdr „`mO ^r B©.E_.AmB©. _| emo_b hm{Jm$& B©.E_.AmB©. H$s amoe ^maVr`
naOd© ]¢H$/]¢H$ ¤mam g_`-g_` [a oH$E OmZ{dmb{ „`mO Xa _| [nadV©Z [a oZ^©a hm{Jr$&

4
The amount of equated monthly instalment will be fixed at the time of commencement of repayment by taking into
account the principal loan amount and simple interest accumulated during repayment holiday period. The EMI also
includes the future interest compounded quarterly for the repayment period. The amount of EMIs may change depending
upon the revision in rate of interest from time to time made by RBI/Bank.
AmJ{ MwH$m°Vr AdoY H{$ Xm°amZ CYmaH$Vm© ¤mam AoVX{` oH$ÌVm| H{$ gß]ßY _| H$s JB© MyH$ H{$ _m_b{ _|, `hm± D$[a oZYm©naV „`mO Xa H{$ D$[a CYmaH$Vm©
......................... % ‡oVdf© H{$ XßS> ÒdÍ$[ „`mO `m ]¢H$ ¤mam g_`-g_` [a oZYm©naV gßem{oYV Xa [a „`mO H{$ ^wJVmZ H{$ obE ]m‹`
hm{Jm/`h ^wJVmZ E{gr MyH$ H$s oVoW g{ b{H$a ImV{ H$m{ oZ`o_V ]ZmZ{/MwH$m°Vr H$aZ{ H$s oVoW VH$ hm{Jm$&
Further in the event of default committed by the Borrower during the repayment period, on the overdue instalments,
the Borrowers are liable to pay penal interest at .............% p.a. or at such other enhanced or revised rate which the
Bank may specify from time to time, over and above the interest rate stipulated hereinabove from the date of such
default till regularising/clearing the account.
7. oH$gr ^r [napÒWoV `m AdÒWm _|, Mmh| CYma b{Z{ dmb{ H$s Am_XZr oH$VZr ^r hm{ AoJ´_ Xr JB© gmar YZamoe H$m „`mO Am°a ‡^mam| H{$ gmW oOg VmarI H$m{ ]¢H$ ¤mam
[hbr oH$ÌV Xr OmEJr Cgg{................. AdoY H{$ AßXa [yU© [wZ^w©JVmZ hm{ OmZm MmohE &
In any event under any circumstance, irrespective of the earnings of the borrower the entire amount advanced with
interest and incidental charges shall be fully repaid within a period of ............................... from the date on which
the first instalment is advanced by the Bank.
8. o[N>b{ I S> -6 Am°a 7 _| oH$gr ]mV H{$ hm{V{ h˛E ^r ]¢H$ H$m{ Bg ]mV H$s ÒdVßÃVm hm{Jr oH$ dh BZ H$maUm| g{ oH$, CYmaH$Vm© Z{ A[Zm A‹``Z ]ßX
H$a oX`m h° `m dh oH$ÌVm| ¤mam AXm`Jr oH$E OmZ{ H{$ bm^ H$m C[`m{J oH$E o]Zm gmar YZamoe H$s AXm`Jr H$aZ{ H$s pÒWoV _| h° AWdm oH$gr A›`
H$maU g{ ]¢H$ A[Z{ [yU© Òdodd{H$ [a `oX dh R>rH$ Am°a [`m©· g_PVm h° Vm{ D$[a oZYm©naV oH$ÌVm| H{$ oZX}eZ H{$ o]Zm Bg ]ßY [Ã AWdm H$ama H{$
AYrZ `m BgH{$ [naUm_ ÒdÍ$[ X{` gmar YZamoe H$s EH$ _wÌV dgybr [mZ{ H{$ obE Xmdm H$a gH$Vm h° AWdm H$m{B© na`m`V `m AZwJ´h ‡XmZ H$a gH$Vm
h° [aßVw ‡XmZ H$s JB© g_` H$s d•o’ `m na`m`V AWdm AZwJ´h g{ oH$gr ^r Vah g{ gh-Am^ma X{`Vm [a ‡^md Zht [S>{Jm, dh H$_ Zht hm{Jr AWdm
Xmo`Àd _w∫$ Zht hm{Jr $&
Not withstanding anything contained in the last preceding clauses 6&7theBank shall have the liberty to claim
repayment of the whole amount payable under or by virtue of this agreement in one lumpsum without reference to the
instalments fixed above for the reasons either that the Borrower has discontinued his studies or is in a position to repay
the entire amount without availing himself/herself of the benefit of repayment of instalments or for any other reason
which the Bank may at its absolute discretion consider good and sufficient. The Bank may likewise extend the time for
payment of instalments or grant any concession or indulgence but no such extension of time or concession or
indulgence granted shall in any manner affect, abridge or discharge the liability of the Co-obligant.
9. od⁄mWu H{$ [mR≤>`H´$_ H{$ Mmby e°ojH$ df© H{$ Am°a AmJ{ H{$ ha e°ojH$ df© H$s g_mo· H{$ ]mX, CYmaH$Vm© Cg{ ghm`Vm Omar aIZ{ H{$ obE, Z`m Amd{XZ
[Ã, ]¢H$ ¤mam E{gm Z H$aZ{ H{$ obE odoZoX©Ô> oH$`{ OmZ{ H$s pÒWoV H$m{ N>m{∂S>H$a Am°a E{gm Amd{XZ [Ã ]¢H$ ¤mam ÒdrH$m`© h° Vm{,‡ÒVwV H$a{Jm/H$a{Jr$&
On the expiration of the current academic year and of each subsequent academic years of the educational course of
the scholar the borrower shall, unless otherwise specified by the Bank, make a fresh application for continuing the
assistance to him/her and on such application being accepted by the Bank.
10. AJa CYmaH$Vm© Z{ ^maV _| CÉ oejm b{Zr ewÈ H$s h° Am°a AmJ{ H$s oejm H{$ obE `m Zm°H$ar H$aZ{ H{$ obE dh odX{e OmZm MmhVm h°, Vm{ dh ]¢H$ H$m{
VwaßV gyoMV H$a{Jm Am°a CgH{$ ]mX ]¢H$ `h oZU©` b{ gH$Vm h° oH$ ∑`m od⁄mWu H{$ X{e N>m{∂S>Z{ H{$ [hb{ F$U H$m [wZ^w©JVmZ oH$`m OmZm h° `m oH$ F$U
H$m{ gßem{oYV eVm~ Am°a AZw]ßYm| [a Omar aIm OmZm h° $&
In case the Borrower has undertaken the higher studies in India and intends to go abroad for further studies or for
taking up a job, he shall intimate to the Bank immediately and thereupon the Bank may decide whether the loan has to
be repaid in full before the student leaves the country or whether to allow the loan to be continued on revised terms
and conditions.
11. CYmaH$Vm©, CgH{$ Amd{XZ [Ã _| ]Vm`{ J`{ CgH{$ A‹``Z H{$ [mR≤>`H´$_, A‹``Z H{$ ÒWmZ `m gßÒWm _| H$m{B© ^r [nadV©Z ]¢H$ H$m{ gyoMV H$a{Jm $&
The borrower shall inform the Bank of any change in the course of his/her studies, place of study or the institution as
stated in his/her application.
12. CYmaH$Vm©, F$U H$s AdoY Xm°amZ, ]¢H$ H$s [yd© AZw_oV H{$ o]Zm, H$m{B© ^r AmoW©H$ Xmo`Àd `m odŒmr` X{`Vm Zht b{Jm $&
The Borrower shall not enter into any pecuniary obligation of financial liability during the currency of the loan without
the prior permission of the Bank.
13. AJa, ]¢H$ H{$ odŒmr` ghm`Vm H{$ obE oX`{ J`{ CYmaH$Vm© H{$ Amd{XZ [Ã _| ]VmB© JB© CgH$s odŒmr` pÒWoV _| H$m{B© [nadV©Z hm{, Om{ odŒm Omar aIZ{ H{$
]¢H$ H{$ oZU©` H$m{ ‡^modV H$aVm hm{, Vm{ dh ]¢H$ H$m{ gyoMV oH$`m OmEJm Am°a CgH{$ ]mX, ]¢H$ BgH{$ ]ma{ _| oZU©` H$a{Jm oH$ F$U Ï`dÒWm Omar aIZr
h° `m Zht Am°a AJa h° Vm{ oH$g _mÃm VH$ $&
Should there be any change in the Borrower’s financial condition from what was stated in his application to the Bank
for financial assistance which is likely to affect the Bank’s decision to continue the finance, the same shall be notified
to the Bank and thereupon the Bank may decide whether to continue the loan arrangement and if so, to what extent
thereof.
14. Bg H$amaZm_{ H{$ AßVJ©V X{` g^r aH$_m| H$m, ]¢H$ ¤mam Mmhr JB© emIm _| ^wJVmZ oH$`m OmEJm $&
All the amounts payable under this agreement shall be paid at the branch as required by the Bank.

5
15. CYmaH$Vm© H$s X{`Vm H{$ ‡MbZ H{$ Xm°amZ, gh-Am^mar H$s _•À`w H$s pÒWoV _| CYmaH$Vm© ¤mam ]¢H$ oOgH{$ obE gh_V hm{Vm h° E{gm H$m{B© A›` Ï`o∫$
gh-Am^mar H{$ È[ _| X{Jm, Am°a E{gm gh-Am^mar H$m{ ]¢H$ H{$ ÒdrH$maZ{ [a, C∫$ gh-Am^mar ]¢H$ H{$ [j _| EH$ AbJ H$amaZm_m oZÓ[moXV H$a{Jm,
]eV~ oH$ Z`{ H$ama H$m oZÓ[mXZ gh-Am^mar H{$ _yb YZ, „`mO Am°a C∫$ H{$ AZwgma A›` H$m{B© YZ, Om{ [hb{ hr X{` h˛Am h°, Am°a CYmaH$Vm© ¤mam
]¢H$ H$m{ X{` h°, H{$ ^wJVmZ H$m oH$gr ^r X{`Vm [a ‡^md Zht [S>{Jm $&
In the event of the death of the co-obligant during the subsistence of the liability of the borrower, the borrower offers
such other persons as co-obligant as the Bank may agree and on the Bank agreeing to such acceptance of the coobligant
the said co-obligant shall execute a separate agreement in favour of the Bank provided that the execution of
the fresh agreement shall not affect any liability of the co-obligant for payment of the principal sum, interest, and
other monies payable as aforesaid and which have already become due and payable by the Borrower to the Bank.
16. CYmaH$Vm© F$U ‡mo· H$s [yar AdoY H{$ Xm°amZ ‡À`{H$ e°ojH$ gà H{$ AßV _| oOg_| dh A‹``Z H$a ahm h°, Cg gßÒWm H{$ ‡_wI g{, ‡_mU [à `m na[m{Q>©
oOZ_| Q>o_©Zb `m dmof©H$ [arjmAm| H{$, O°gm ^r _m_bm hm{, o[aUm_ gpÂ_obV hm|J{, C∫$ gßÒWm _| CgH{$ AmMaU Am°a C[pÒWoV H{$ ]ma{ _| EH$ ‡_mU
[Ã `m na[m{Q>©, ]¢H$ H$m{ ‡ÒVwV H$a{Jm $&
Throughout the period during which Borrower is receiving the loan, he shall at the end of each academic term submit
to the Bank certificates or reports of his progress including results of the terminal or annual examination as the case
may be from the Head of the Institution where he is studying together with a certificate or report about his conduct
and attendance at the said institution.
17. CYmaH$Vm© H$m `h H$V©Ï` hm{Jm oH$, O°g{ hr Cg{ Zm°H$ar o_b{, dh Cg Zm°H$ar H{$ ]ma{ _| ]¢H$ H$m{ g_` - g_` [a na[m{Q>© ^{O|, oOg_| Cg Zm°H$ar H$m ÒdÍ$[
VWm d{VZ Am°a Cgg{ OwS>r [nabp„Y`m| g_{V [yam oddaU oX`m J`m hm{ VWm `oX CgH{$ [V{ _| H$m{B© [nadV©Z hm{ Vm{ CgH{$ ]ma{ _| ^r ]¢H$ H$m{ gyoMV H$a|$&
After completion of the course of study, it shall be the duty of the Borrower from time to time to report to the Bank
as soon as he secures employment giving full particulars of such employment including its nature and the salary and
emoluments attaching thereto, and also report to the Bank any change in his/her address.
18. H$) CYmaH$Vm© EVX≤¤mam odf`JV F$U H{$ gßX^© _| CgH{$ ¤mam X{` MwH$m°Vr H{$ obE, CgH{$ oZ`m{OZ g{ ^odÓ` _| ‡m· hm{Z{dmbr Am` H$m{ ‡oV^yoV H{$
Í$[ _| hÒVmßVnaV H$aVm h°$&
a) That the Borrower hereby assigns future income to be derived by way of employment as security to the Bank for
due repayment by the Borrower in respect of the subject loan.
I) CYmaH$Vm© EVX≤¤mam A[Z{ oZ`m{OH$ H$m{ E{g{ oZ`m{OH$ Om{ H$m{B© ^r hm{$ F$U oH$ÌVm| H$s MwH$m°Vr h{Vw CgH{$ d{VZ g{ Hw$N> oZoX©Ô> aH$_ (]¢H$ H{$
oZU©`mZwgma) AXm H$aZ{ H{$ obE AodH$Î[r AoYX{e X{Vm h°$&
b) That the Borrower hereby irrevocably mandates his employer (whosoever such employer) to pay certain sum of
money (to be decided by the Bank) out of his salary to the Bank for due repayment of loan instalments.
J) `h H$s C∫$ AoYH$mam| H{$ gß]ßY _| oH$gr [ydm©J´h H{$ o]Zm CYmaH$Vm© H{$ Om{oIV [a Am°a `oX AmdÌ`H$ hm{ Vm{ CYmaH$Vm© H{$ obE CgH{$ [j _| CgH{$
Zm_ [a `m A›`Wm O°gm ^r ]¢H$ CoMV g_P| (CYmaH$Vm© EVX≤¤mam ]¢H$ H$m{ CgH{$ AQ>mZu H{$ Í$[ _| oZ`w∫$ H$aVm h°), ]¢H$ H$m{ `h AoYH$ma hm{Jm
H$s CYmaH$Vm© H{$ oZ`m{∫$ ¤mam Cg{ X{` d{VZ H$m{ ]¢H$ ‡m· H$a| Am°a CgH{$ oZ`m{∫$m VWm Vrga{ [j H$m{ oOg_| CgH{$ X{` X{ZXma ^r eo_b h° H$m{
Zm{oQ>g X{ VWm _mßJ H$a|, Xmdm H$a|, dgyb H$a|, ‡m· H$a| VWm [naUm_ ÒdÍ$[ agrX| ‡XmZ H$a| Edß CgH$m C›_m{MZ H$a| Am°a g^r Am` H$m{ AßVnaV,
g_ZwX{oeV H$aZ{, gw[wX© H$aZ{ `m CgH$m A›`Wm, oZ[Q>mZ H$aZ{ `m oZ[Q>mZ{ Am°a oddmMZ H$m{ hdmbm X{Z{ g_{V oH$gr ^r VarH{$ g{ Am` H$m{ ‡doV©V
H$aZ{, amoe ‡m· H$aZ{, oZ[Q>mZ `m g_Pm°V{ H$m AoYH$ma/VWm/`m g^r Am` H{$ gmW oH$gr ^r VarH{$ g{ oZ[Q>mZ{ d Cgg{ gß]ßoYV H$m{B© ^r
Ï`dhma H$aZ{ H$m AoYH$ma ]¢H$ H$m{ hm{Jm$&
c) That the Bank shall without prejudice to the foregoing powers, be also entitled at the borrower's risk and expenses
and if necessary either as attorney for and on behalf and in the name of the borrower or otherwise as the bank
may deem fit (the borrower hereby appointing the Bank to be his/her attorney) to receive salary payable to him by
his employer and to give notices and demands to his employer and third parties including his/her debtors liable
therefor and to demand, sue for, recover, receive, realise and give effectual receipts and discharges for the same
and to transfer, assign, deliver or otherwise dispose of or deal with all or any of income and to enforce, realise,
settle and compromise in any manner whatsoever including by reference to arbitration/and/or deal in any manner
with all incomes and to complete any engagement relating thereto.
K) `h oH$ CYmaH$Vm© EVX≤¤mam ]¢H$ H$m{ (A[Z{ EO|Q>m| VWm Zmo_oV`m| H{$ OnaE) AQ>mZu ]ZZ{ `m CYmaH$Vm© H{$ AQm>Zu H{$ Í$[ _| CZH{$ Zm_ [a CZH$s Am{a g{ E{g{ g^r
H$m`©, oH´$`mH$bm[, Ï`dhma H$aZ{ H{$ obE VWm E{g{ g^r XÒVmd{Om| H{$ oZÓ[mXZ, AßVaU, g_ZwX{eZ H{$ obE AodH$Î[r Í$[ g{ oZ`w∫$ H$aZm h°$& Bg Vah oX`m
J`m ‡moYH$ma ohV g_{V EO|gr H{$ Í$[ _| g_Pm OmEJm VWm Cg{ H{$db ]¢H$ H{$ odH$Î[ [a hr dm[g ]wbm`m OmEJm$&
d) That the borrower hereby irrevocably appoints the Bank (through their agents and nominees) to be attorneys and
attorney of and for and in the name of the borrower to do all such acts, deeds and things and execute all such
documents, transfers, assignments. The authority so given shall be construed as an agency coupled with interest
and can be revoked only at option of the Bank.
19. Bg H$ama H{$ AßVJ©V F$U H$s MwH$m°Vr H$aZ{ _| gh Am^mar H$m Xmo`Àd CYma b{Z{dmb{ H{$ Xmo`Àd H{$ gmW gh-odÒV•V hm{Jm VWm `h gwoZpÌMV H$aZm
^r gh-Am^mar H$m H$V©Ï` hm{Jm oH$, Bg H$ama ¤mam CYmaH$Vm© [a Om{ H$V©Ï` Am°a Xmo`Àd oX`{ JE h°, CZH$m dh [yU©V`m VWm oZapple>m[yd©H$ [mbZ H$a|
VWm C›h| oZ^mEß $&
The liability of the Co-obligant to repay the loan under this Agreement shall be co-extensive with that of the borrower
and it shall be the further duty of the Co-obligant to ensure that the borrower fully and faithfully performs and
observes all the duties and obligations imposed by this Agreement.

6
20. CYmaH$Vm© Am°a gh-Am^mar gh_V hm{ J`m h° Am°a dMZ X{Vm h¢ oH$, Bg F$U H{$ [wZ^©JVmZ `m gr_m ]MmZ{ H{$ odoeÔ> H$maU g{ ]¢H$ ¤mam AmdÌ`H$
Bg F$U H$s ÒdrH•$oV H{$ _m_b{ _| CYmaH$Vm© `m gh - Am^mar oH$gr ^r EH$ ¤mam H$s J`r [wZ^©wJVmZ `m Xr JB© ÒdrH•$oV CYmaH$Vm© Am°a gh-Am^mar
Xm{Zm| [a gß`w∫$ È[ g{ Am°a/`m [•WH$ Í$[ g{ ]ßYZH$maH$ hm{Jr VWm CYmaH$Vm© `m gh-Am^mar ¤mam H$s J`r E{gr C∫$ [wZ^w©JVmZ `m Xr JB© E{gr C∫$
ÒdrH•$oV, [nagr_Z H{$ H$mZyZ H{$ obE, Xm{Zm| H{$ odÈ’ gß`w∫$ Am°a/`m [•WH$ Í$[ g{ [nagr_Z H$m{ N>m{S>H$a Am°a CYmaH$Vm© Am°a gh-Am^mar F$U H$s
ÒdrH•$oV oZÓ[moXV H$aZ{ H{$ obE EH$ Xyga{ H$m{ ‡moYH•$V H$aV{ h¢ $&
It is hereby expressly agreed and undertaken by the borrower and the co-obligant that in the matter of making
repayments towards this debt or acknowledging this debt when required by the Bank for the specific purpose of saving
limitation, the repayment or acknowledgement made or given either by the borrower or by the co-obligant shall be
binding on both borrower and co-obligant jointly and/or severally and the said repayment and acknowledgement so
made or given either by the borrower or by the co-obligant shall save limitation against both of them jointly and/or
severally for the purpose of law of limitation and the borrower and the co-obligant hereby mutually authorise each
other to execute acknowledgement of debt.
21. CYmaH$Vm© `m gh-Am^mar ¤mam oXE JE oH$›hr A›` AZwX{em| H{$ hm{V{ hwE ^r ]¢H$ H$m{ CZ_| g{ oH$gr H{$ ¤mam F$U H{$ ‡oV AXm H$s JB© YZamoe H$m{ Cg
‡H$ma g{ odoZ`m{OZ H$aZ{ H$s ÒdVßÃVm hm{Jr, O°gm oH$ dh R>rH$ Am°a AmdÌ`H$ g_P{Jm $&
The Bank shall notwithstanding any instructions to the contrary given by the borrower or co-obligant be at liberty to
appropriate any amount paid by any of them towards the loan in such manner as the Bank may deem fit and necessary.
22. CYmaH$Vm© `h H$ama ]¢H$ H{$ [j _| A[Zr VWm A[Z{ Zm]mobJ [wÃ/[wÃr...................................................................
......................................................H{$ o[Vm/Ao^^mdH$ Xm{Zm| H$s j_Vm _| oZÓ[moXV H$a ahm h° $&
The borrower is executing this Agreement in favour of the Bank, both in his own capacity and on behalf of the minor
son/daughter ............................................................................................... as father/guardian.
23. CYmaH$Vm© Km{fUm H$aVm h° oH $ dh Bg H$ama H{$ AßVJ©V gßodVnaV F$U amoe H{$db A[Z{ Zm]mobJ [wÃ/[wÃr...................
..................................................oOgH$s Am{a g{ CYmaH$Vm© Z{ `h H$ama oH$`m h°, oH$ e°ojH$ CX≤X{Ì`m| H{$ obE hr ‡`m{J H$a{Jm
VWm dh Bg [yU© F$U amoe H$s MwH$m°Vr H$m Xmo`Àd A[Z{ Zm]mobJ [wÃ/[wÃr H{$ ]mobJ hm{Z{ H{$ gmW gß`w∫$ Í$[ g{ ÒdrH$ma H$aVm h° $& Zm]mobJ [wÃ/
[wÃr....................................................]mobJ hm{Z{ [a Bg Ame` H$m EH$ Km{fUm [Ã X|J{ oH$ oX`m J`m F$U CZ [a ]m‹`H$mar
h° Am°a d{ Bg X{`Vm VWm Bg H$ama _| oZYm©naV eVm~ H{$ AZwgma bJZ{ dmb{ „`mO H$m{ AXm H$a|J{ $&
The Borrower undertakes to utilise the loan amount disbursed under this agreement exclusively for the educational
purpose of the minor son/daughter ..................................................................................... on whose behalf the
borrower has entered into an agreement and takes the burden of repayment of the entire loan amount jointly, with the
minor son/daughter ................................................................................................ on attaining majority. The
Minor son/daughter............................................................on attaining majority shall furnish a declaration that the
loan advanced is binding on him and shall undertake to discharge the liability with interest in accordance with the
terms and conditions stipulated in this agreement.
24. CYmaH$Vm© Km{fUm H$aVm h° oH$ dh Bg amoe H$m{ Cgr CX≤X{Ì` H{$ obE ‡`m{J _| bmEJm oOgH{$ obE `h _ßOya H$s JB© h° VWm Bg amoe `m BgH{$ oH$gr Aße
H$m ‡`m{J oH$gr E{g{ CX≤X{Ì` H{$ obE Zht H$a{Jm oOgH{$ obE `h _ßOya Zht H$s JB© h° $& AmJ{, CYmaH$Vm© gh_V h° oH$ `oX ]¢H$ H$m{ eH$ hm{ `m Cg{ E{gm
odÌdmg H$aZ{ H$m H$m{B© H$maU ZOa AmE oH$ CYmaH$Vm© Z{ H$oWV Km{fUm H$m CÑßKZ oH$`m h° `m H$a ahm h° Vm{ ]¢H$ VwaßV hr [yar F$U amoe `m CgH$m
H$m{B© Aße dm[g b{ gH$Vm h° ]mdOyX BgH{$ oH$ Bg H$ama `m A›` oH$gr H$ama _| BgH{$ ‡oVHy$b Hw$N> H$hm J`m h° $&
The borrower hereby undertakes that he/she shall use the amount only for the purpose for which it is sanctioned and
shall not use the amount or any part thereof for any purpose other than for which it is sanctioned. Further, the
Borrower agrees that if the Bank suspects or has reason to believe that the borrower has violated or is violating this
undertaking, the Bank may recall loan amount or any part thereof at once notwithstanding, anything to the contrary,
contained in this agreement or any other agreement.
25. CYmaH$Vm© Am°a gh Am^mar gh_V h° Am°a g_PV{ h¢ oH$ Ohm± ^r gßX^© H{$ AZwgma A[{ojV hm{ EH$ dMZ _| ]h˛dMZ Am°a ]hwdMZ _| EH$dMZ emo_b hm{Jm $&
The Borrower and co-obligant agree and understand that wherever the context requires, singular term shall include
plural and plural term shall include singular.
26. (i) _¢/h_ Z{ g_P ob`m h° oH$ _wP{/h_| F$U/AoJ´_/A›` J°a oZoY AmYmnaV F$U gwodYmEß ‡XmZ H$aZ{ H{$ gß]ßY _| [yd© eV© H{$ Í$[ _| _{a{/h_ma{ ¤mam
br JB©/br OmZ{dmbr F$U gwodYm, _{a{/h_ma{ ¤mam CR>mE JE/OmZ{dmb{ Xmo`Àd d CgH$s [yoV© _| _{a{/h_ma{ ¤mam H$s JB© MyH$ H{$ gß]ßY _| H$m{B© ^r
gyMZm d AmßH$S>{ H{$Zam ]¢H$ ¤mam ‡H$Q> H$s OmZ{ H$s gh_oV X{Zr A[{ojV h°$&
(ii) VXZwgma, _¢/h_ EVX≤¤mam gh_V h° VWm `h gh_oV X{V{ h¢ oH$ H{$Zam ]¢H$ ¤mam E{gr H$m{B© ^r gyMZm ‡H$Q> H$s OmE Om{ oZÂZdV≤ h° ï
(H$) _{a{/h_ma{ gß]ßY _| gyMZm d AmßH$S>{
(I) _{a{/h_ma{ ¤mam br JB©/br OmZ{dmbr oH$gr ^r F$U gwodYm H{$ gß]ßY _| gyMZm `m AmßH$S>{, VWm
(J) _{a{/h_ma{ E{g{ Xmo`Àd H{$ oZ[Q>mZ _| _{a{/h_ma{ ¤mam H$s JB© H$m{B© MyH$
(iii) _¢/h_ Km{fUm H$aV{ h¢ oH$ _{a{/h_ma{ ¤mam H{$Zam ]¢H$ H$m{ Xr JB© gyMZm d AmßH$S>{ gÀ` d ghr h°$&
(iv) _¢/h_ dMZ X{V h±ˇ/X{V{ h¢
(H$) H´{$oS>Q> Bß\$a_{eZ „`yam{ (BßoS>`m) obo_. VWm Bg Vah ‡moYH•$V A›` H$m{B© ^r EO|gr ]¢H$ ¤mam ‡H$Q> H$s JB© H$oWV gyMZm d AmßH$S>m| H$m{ CZH{$ ¤mam `m{Ω`
g_P{ JE VarH{$ g{ C[`m{J _| bm gH$V{ h¢ d ‡m{g{g H$a gH$V{ h¢$&

7
(I) H´{$oS>Q> Bß\$a_{eZ „`yam{ (BßoS>`m) obo_. VWm Bg Vah ‡moYH•$V A›` H$m{B© ^r EO|gr ‡m{g{g H$s JB© gyMZm `m CZH{$ ¤mam V°`ma oH$E JE CgH{$ JwUZ\$b
H$m{ odMmamW© ]¢H$m|/odŒmr` gßÒWmAm| VWm A›` F$U ‡XmZ H$aZ{dmbm| `m [ßOrH•$V C[`m{JH$Vm©Am| H$m{ Bg [j _| ^maVr` naOd© ]¢H$ ¤mam odoZoX©Ô> Í$[ _|
‡ÒVwV H$a gH$Vm h°$&
(i) I/We, understand that as a pre-condition, relating to grant of the loans/advances/other non-fund based credit
facilities to me/us, the Canara Bank, requires my/our consent for the disclosure by the Bank of information and
data relating to me/us, of the credit facility availed of/to be availed, by me/us, obligations assumed/to be assumed,
by me/us, in relation thereto and default, if any, committed by me/us, in discharge thereof.
(ii) Accordingly, I/We, hereby agree and give consent for the disclosure by the Canara Bank of all or any such :
(a) Information and data relating to me/us
(b) the information or data relating to any credit facility availed of/to be availed, by me/us, and
(c) default, if any, committed by me/us, in discharge of my/our such obligation.
(iii) I/We, declare that the information and data furnished by me/us to the Canara Bank are true and correct.
(iv) I/We, undertake that :
(a) the Credit Information Bureau (India) Ltd. and any other agency so authorised may use, process the said
information and data disclosed by the Bank in the manner as deemed fit by them; and
(b) the Credit Information Bureau (India) Ltd. and any other agency so authorised may furnish for consideration,
the processed information and data or products thereof prepared by them, to banks/financial institutions
and other credit granters or registered users, as may be specified by the Reserve Bank in this behalf.
AmJ{, _¢/h_ EVX≤Xûmam [woÔ> H$aVm h±ˇ/H$aV{ h¢ oH$ gr AmB© ]r AmB© Eb/A›` ‡moYH$aUm| H$m{ oXE JE/OmZ{dmbrgyMZm/„`m°a{ H{$ gß]ßY _| _¢/h_ oH$gr Vah H$m H$m{B© oddmX
‡ÒVwV Zht H$Íß$J/H$a{ßJ{ Am°a `h _wP/h_ [a ]ßYZH$mar h° $&
Further I/We hereby confirm that I/We shall not raise any dispute in what so ever manner regarding information/details
furnished/to be furnished to CIBIL/other authorities and same is binding on me/us.
27. “Bg H$amaZm_m| H{$ VhV CYma br JB© oZoY`m| H{$ C[`m{J H$m AZw‡dV©Z H$aZ{ H{$ obE _¢/h_ ]¢H$ H$m{ ‡moYH•$V H$aV{ h¢, CgH{$ b{Im [arjH$m| H$m{
AZw_oV X{V{ h¢$&
_{a{/h_ma{ ¤mam ]¢H$ H$m{ oX`{ ‡moYH$aU H{$ AZwgma ]¢H$ A[Zr B¿N>m d AmdÌ`H$Vm H{$ AZwgma Bg H$amaZm_| H{$ bmJy ahZ{ H$s AdoY H{$ Xm°amZ, Bg
H$amaZm_{ H{$ VhV CYma br JB© oZoY`m| H{$ C[`m{J H{$ gß]ßY _| _{a{/h_ma{ b{Im-[arjH$m| ¤mam grY{ hr `m _wPg{/h_g{ H$m{B© ^r ode{f ‡_mUrH$aU/
„`m°am oZoY`m| H{$ C[`m{J H$s Om±M H$aZ{ h{Vw _m±J gH$Vm h°$&
_¢/h_ ]¢H$ ¤mam oZYm©naV CoMV g_` gr_m H{$ AßVJ©V ‡_mU[Ã ‡m· H$aZ{ h{Vw ]¢H$ H{$ oZX{em| H$m AZw[mbZ H$aZ{ H{$ obE CoMV AZwX{e X{Z{ H{$ obE
gh_V h¢$& Bg gß]ßY _|, _{a{/h_ma{ b{Im [arjH$m| H$m [yam „`m°am ]¢H$ H$m{ X{Z{ H{$ obE gh_V h¢$& `oX _¢/h_ _{a{/h_ma{ b{Im [arjH$m| H$m{ ]XbV{ h¢, Vm{
E{gm ]Xbmd H$s gyMZm h_ VwaßV ]¢H$ H$m{ X|J{$&”
`oX _{a{/h_ma{ ¤mam `m _{a{/h_ma{ b{Im [arjH$m| ¤mam gyMZm ‡ÒVwV H$aZ{ _| AZwoMV X{ar hm{ Om`{ `m _{a{/h_ma{ b{Im [arjH$m| - _{a{/h_ma{ ¤mam _m±Jm
J`m AmdÌ`H$ ‡_mUrH$aU/„`m°am X{Z{ g{ BZH$ma oH$`m Om`{ `m ]mX _| `h [m`m Om`{ oH$ _{a{/h_ma{ ¤mam `m _{a{/h_ma{ b{Im-[arjH$m| ¤mam oX`{ J`{
‡_mU[Ã/„`m°a{ _| H$m{B© h{a\{$a oH$`m J`m h°, Vm{ _¢/h_ Bg ]mV g{ gh_V hˇ±/h¢ oH$ F$U dm[g _m±JZ{ H$m ]¢H$ H$m{ [yam AoYH$ma h°$&
“In order to monitor the usage of the funds borrowed under this agreement. I/We agree and authorise the Bank, access
to my/our auditors.
As per the authorisation given by me/us to the Bank, the Bank can at its desire and requirement, at any point during
the subsistence of this agreement call for from my/our auditors, directly or through me/us, any specific certification/
details regarding the usage of the funds borrowed under this agreement, so as to verify the end usage of the funds.
I/We agree to give suitable instruction to my/our auditors for complying the direction of the Bank for obtaining the
certificate within a reasonable time stipulated by the Bank. In this connection I/We agree to give full details of my/our
auditors to the Bank. If I/We change my/our auditors, then such changes shall be intimated to the Bank immediately.
If there is any undue delay in submitting the information by me/us or by my/our auditors or if my/our auditors/myself/
ourselves refuse to submit the required certificate/details called for or if it is subsequently found that there is some
manipulation in the certificate/details given by me/us or by my/our auditors, then, I/We agree that the Bank has full
discretion to recall the loan.”
28. oZÂZoboIV H{$ gß]ßY _| ]¢H$ A[Z{ odd{H$ AoYH$ma H$m C[`m{J H$a gH$Vm h° $&
The Bank shall have the right to exercise discretion with respect to the following :
i. ]¢H$ ¤mam ÒdrH•$V gr_m g{ AoYH$ F$U ImV{ g{ amoe AmhnaV H$aZ{ H{$ obE CYmaVm© H$m{ AZw_oV X{Zm $&
Allowing the borrower to withdraw amount from the loan account over and above the limit sanctioned to it by the
Bank.

8
ii. CYmaH$Vm© ¤mam Vrgar [mQ>u H{$ [j _| F$U ImV{ [a AmhnaV M{H$m| H$m ^wJVmZ oH$E o]Zm bm°QZm, `oX ]¢H$ H$m{ Bg ]mV [a odÌdmg H$aZ{ H{$ obE o_bV{
h¢ oH$ oOg CX≤X{Ì` H{$ obE F$U ‡XmZ oH$`m J`m Wm, CgH{$ ]Xb{ _{ A›` ‡`m{OZ H{$ obE CYmaH$Vm© ¤mam M{H$ Omar oH$E JE h¢ $&
Returning the cheques drawn on the loan account by the borrower in favour of third parties as unpaid, if the Bank has
reasons to believe that such cheques have been issued by the borrower for purposes other than which the loan has
been sanctioned by the Bank.
iii. CYmaH$Vm© H{$ H$mam{]ma _{ d•o’ VWm odH$mg H$aZ{ H$s AmdÌ`H$VmAm| H$s [yoV© h{Vw, CYmaH$Vm© ¤mam F$U ImV{ g{ ]S>r _mÃm _| ZH$X AmhaU H$aZm,
AZw_V Z oH$`m OmZm, H$) `oX E{g{ AmhaU ]¢H$ ¤mam CYmaH$Vm© H{$ obE ÒdrH•$V gr_m g{ AoXH$ hm{ Vm{, (I) `oX E{g{ AoYH$ AmhaU ]¢H$ ¤mam _ßOya
Z oH$`m J`m hm{ Vm{, (J) `oX CYmaH$Vm© H$m{ _ßOya F$U gwodYmAm| H$m{ oH$gr ^r H$maU, [wZZ©drH$aU Z oH$`m J`m hm{ Vm{, Am°a (K) `oX ]¢H$ Bg ]mV
odÌdmg H$aZ{ H{$ obE ]m‹` hm{Vm h° oH$ oOg CX≤X{Ì` H{$ obE F$U ‡XmZ oH$`m J`m Wm, CgH{$ ]Xb{ _{ A›` ‡`m{OZ h{Vw CYmaH$Vm© ¤mam E{g{ AmhaU
oH$E JE h° $&
Disallowing large cash withdrawals by the borrowers from the loan account, for meeting the requirements of further
growth and development of the business of the borrower, (a) if such withdrawals are over and above the limits sanctioned
to the borrower by the Bank, (b) if such overdrawals have not been sanctioned by the Bank, (c) if the loan facilities
sanctioned to the borrower have not been renewed for any reason whatsoever, and (d) if the Bank has reason to
believe that such withdrawals are being made for purposes other than which the loan facility has been sanctioned by
the Bank.
iv. ]¢H$ H$m{, CgH{$ ¤mam CYmaH$Vm© H$m{ ‡XmZ H$s J`r F$U gwodYmAm| g{ oZÂZmßoH$V H$maUm| H{$ obE AmhaU AZw_V Z H$aZ{ H$m AoYH$ma h° $&
(i) `oX ]¢H$ H$s ]oh`m| _| CYmaH$Vm© H{$ ImV{ H$m{ AZw[`m{¡` AmpÒV`m| H{$ Í$[ _| dJuH•$V oH$`m J`m hm{ Vm{,
(ii) `oX CYmaH$Vm© ¤mam CgH$m{ ‡XŒm gwodYm H{$ gß]ßY _| Bg F$U H$amaZm_{ _| CoÑoIV eVm~ H$m AZw[mbZ Zht oH$`m J`m h°, Vm{
The Bank shall also have the discretion and right to refuse further withdrawals by the borrower from the loan facilities
granted to it for the following reasons.
(i) If the account of the borrower has been classified as a non performing asset by the Bank in its books.
(ii) If the borrower has not complied with the terms of this loan agreement referred and the other terms which the
Bank may specify from time to time with respect to the loan facility granted by it to the borrower.
v. ]¢H$ ¤mam C[am{∫$mZwgma ‡`w∫$ odd{H$moYH$ma dmÒVodH$ Am°a o]Zm eV© H$m h°, Am°a CYmaH$Vm© ¤mam oH$gr ^r g_` [a CgH{$ ]ma{ _| gdmb Zht oH$`m
OmVm `m H$m{B© oddmX Zht CR>m`m OmVm h° .
The discretion exercised by the Bank as stated above shall be absolute and unconditional, and the borrower shall not
question or raise any dispute about the same at any point of time whatsoever.
29. CYmaH$Vm© EVX≤¤mam gh_oV X{Vm/X{Vr h°/X{V{ h¢ oH$ CgH{$/CZH{$ ¤mam F$U H$m AdoY [yd© ^wJVmZ/ F$U ImVm ]ßX oH$`m OmVm h°, `m _ßOyar H{$ g_`
[a oZYm©naV F$U MwH$m°Vr AdoY H{$ [hb{ A›` ]¢H$m|/odŒmr` gßÒWmAm| _| F$U ImVm| H{$ AßVaU h{Vw AZwam{Y oH$`m OmVm h° V], CgH{$ /CZH{$ ¤mam
A›` ]¢H$m|/odŒmr` gßÒWmAm| _| AßVaU h{Vw AdoY[yd© ^wJVmZ/AdoY[yd© ]ßX oH$E OmZ{ H{$ Xm°amZ ]H$m`m X{`Vm [a........... % ‡ d H$s Xa [yd©
^yJVmZ XßS> ewÎH$ AXm oH$`m OmEJm$&
The borrower/s hereby agree/s that in case he/she/they pre- pay/s the loan/close the loan account or request for
transfer of loan accounts to other banks/FIs before the loan repayment period stipulated at the time of sanction, he/
she/they shall be liable to pay a pre-payment penalty at the rate of ...........% p.a. on the outstanding liability at the
time of pre-payment or pre-closure by transfer to other banks/FIs.
30. CYmaH$Vm© EVX≤¤mam dMZ X{Vm h° /X{V{ h¢ oH$ dh/d{, BamXVZ MyH$H$Vm© g{ gß]ßoYV oXemoZX}em| H{$ AZwgma, BamXVZ MyH$H$Vm© H{$ Í$[ _| Ao^oZYm©naV
EH$ Hß$[Zr /\$_© H{$ oZX{eH$ _ßS>b _| oZX}eH$ H{$ Í$[ _| H$m`©aV oH$gr Ï`o∫$ H$m{ Zrhß b{Jm /b|J{ Am°a E{g{ _m_b{ _| Ohm± E{g{ oH$gr Ï`o∫$ H$m{ CYmaH$Vm©
Hß$[Zr H{$ oZX}eH$ _ßS>b _| gmP{Xma /oZX{eH$ H{$ Í$[ _| [m`m J`m Vm{ CYmaH$Vm© E{g{ Ï`o∫$ H$m{ A[Z{ oZX{eH$ _ßS>b /gmP{Xmar \$_© g{ hQ>mZ{ H{$ obE VwaßV
Ed_≤ ‡^mdr H$X_ CR>mEJm /CR>mEßJ{ $&
The borrower/s hereby undertake/s that he/they will not induct a person who is a Director on the Board of the
company/partner in a partnership firm which has been identified as a Wilful Defaulter as per the guidelines for classification
as wilful defaulter and in case such a person is found to be a Partner/Director on the Board of to borrower company
the borrower/s would take expeditious and effective steps for removal of such persons from its Board/Partnership
Firms.
BgH{$ gm˙` ÒdÍ$[ CYmaH$Vm©, gh-Am^mar Am°a ]¢H$ Z{ df© 20.................H{$ 20..................._hrZ{ H$s 20.............
VmarI H$m{ A[Z{ hÒVmja oH$E h° $&
IN WITNESS WHEREOF THE BORROWERS, the co-obligant and the Bank have hereunto set their respective hands
on the ....................................... day of .................................................. 20 ....................
CYmaH$Vm©/BORROWER gh-Am^mar/CO-OBLIGANT/S
Zm{Q> : Ohm± od⁄mWu ]mobJ Zht h° dhm± I ∂S>-22 Am°a 23 H$mQ> XroOE $&
NOTE: Delete Clause 22 and 23 where the student is NOT a minor.
H•$V{ H{$Zam ]¢H$/FOR CANARA BANK,