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BHFL/Mortgages/ MITC /DF/Sept 2021/Version 8.1MOST IMPORTANT TERMS AND CONDITIONS (MITC)Pursuant to the terms and conditions agreed to between BAJAJ HOUSING FINANCE LIMITED(“BHFL” or “the Lender”) and the Borrower (“the Borrower” or “the Customer”) as detailed inthe Sanction letter, Loan Agreement (“Loan Agreement”), the Top-Up Loan Addendum,Disbursement letter and/ or other documents, if any, (collectively referred to as the “LoanDocuments”), the Key Terms and Conditions are mentioned in this MITC.This MITC has to be read in conjunction with the terms and conditions of the Loan documents.The Loan availed by the Borrower shall be governed by the Loan Documents. In the event of anyconflict between the MITC set out herein and the Loan Documents, the terms and conditions ofthe Loan Documents shall prevail. We will be issuing customer login credentials (user id andpassword) through which customer can access Loan Agreement. In case customer is not able toaccess Loan agreement on portal, a request can be placed to provide copy of Loan Agreementand thereafter photocopy of Loan Agreement will be facilitated.APPLICATION NO.:TYPE OF LOAN: Construction Finance Inventory Finance BT BT Top up Top Up1. LOANLoan Amount will be as detailed in the Loan Documents.2. INTERESTType (Floating Rate/Fixed Rate/Dual/Special Rate): As detailed in the Loan Documents.Rate of Interest: As detailed in the Loan DocumentsPrincipal Payment Standstill Period: As detailed in the Loan Documents.Date of reset of Interest (if any):Modes of communication of changes in Interest Rate: BHFL is entitled to revise theinterest rate upward or downward at any time and from time to time during the loan tenureat its sole discretion, and with due intimation to the Borrower, due to changes in applicableBHFL FRR or internal policies or due to regulatory requirements or on occurrence of eventof default, including but not limited to, any delay by Borrower in providing / executing anydocuments so required by the Lender to be executed / provided by the Borrower, postdisbursal of the loan, under the agreement. Any revision in the rate of interest is effectiveprospectively. BHFL shall inform of such change in Interest Rate by sending letter to theBorrower on registered communication address/ mailer on registered E mail ID/ Messageon registered Mobile No and/or by updating its Website. Such communication through anytwo alternate modes of communications mentioned above shall constitute sufficient noticeto the Borrower. If such change is to the disadvantage of the Borrower, the Borrower maywithin 60 days and without notice close the Loan account or switch it without having to payany extra charges or interest. To be signed by all Borrowers/ Co-BorrowersPage 1 of 9

BHFL/Mortgages/ MITC /DF/Sept 2021/Version 8.13. INSTALLMENT TYPESDuring the entire Loan Tenure [including principal payment standstill period (in the durationof which the Borrower does not have to service the principal component), if any],receivables from the sale of the Flats/Units in the Project, which are hypothecated withBHFL, will be deposited with BHFL vide the Escrow mechanism as agreed between BHFLand the Borrower and as detailed in the Loan Agreement and the Escrow Agreement. Thereceivables will be used towards the repayment of the Loan and the Principal Outstandingwill be deducted accordingly. During the principal payment standstill period, in addition tothe payment made via the Escrow mechanism, the Borrower will pay the Interest on theLoan which is calculated basis the principal outstanding (‘POS’).At the end of principal payment standstill period, if any, the actual POS will be divided byremaining Loan Tenure. This amount will be called the Ideal Equated Monthly Principal(EMP) and will remain constant for the remaining loan tenure provided there is noadditional disbursal to the loan account. The Ideal EMP will be deducted from the actualPOS at the end of principal payment standstill period which will be the Ideal POS at theend of the principal payment standstill period. This Ideal POS will be calculated for all theremaining loan tenure by deducting the Ideal EMP from the Ideal POS every month. Theactual POS will be compared against this Ideal POS every month. In case the actual POSis lower than the Ideal POS, no EMP will be payable for that month. In case actual POS ismore than the Ideal POS, the differential amount will need to be paid on the due date.Interest amount will be calculated on a daily basis on the actual POS & will need to be paidon the due date. In case of additional disbursal during the loan tenure, the additionaldisbursed amount will get divided by the remaining loan tenure & the Ideal EMP willincrease accordingly.4. LOAN TENURETenure of the Loan as detailed in the Loan Documents.5. PURPOSE OF LOAN (Please tick an appropriate option)The Loan is availed for the purpose as mentioned in the Loan Documents.6. SECURITY The charge created / to be created against the Property/ies offered as security in favourof BHFL and / or any other collateral / security as may be created in favour of BHFLis/are considered as the security of the loan, which is detailed in Loan Documents. TheSecurity shall mean and include mortgage, hypothecation, guarantee and any otherform of security as deemed fit by BHFL for securing the loan and submitted by thePage 2 of 9

BHFL/Mortgages/ MITC /DF/Sept 2021/Version 8.1Borrower accordingly. The Borrower shall produce such original/copy of title deeds,documents, reports as may be required by BHFL. The Borrower shall bear all the charges payable for the creation of said security andshall take all the steps required for the perfection thereof.7. INSURANCE OF THE PROPERTY/ BORROWER(S) It will be the Borrower’s responsibility to ensure that the Property offered as security isduly insured for an amount equivalent or above the loan value from and against allrisks, with BHFL as sole beneficiary during the tenure of the loan or till such time thatCompletion Certificate/ Occupancy Certificate is received for the entire propertymortgaged, whichever is earlier. The evidence thereof shall be given to BHFLwhenever required for by BHFL.The claims & coverage will be governed in accordance with the terms & conditions ofthe insurance policy issued by the insurance company.BHFL offers enrolment, only to its customers, under various Group insurance policiesin the capacity of a Master Policy Holder. The role of BHFL is limited to the effect thatit only facilitates at the request of the customer to apply for an insurance policy fromthe insurance company. However, the decision to issue an insurance policy, providerequisite insurance coverage and settle any future claim under the policy would solelyrest with the insurance company only. Insurance is the subject matter of solicitation,and the Borrower has considered availing the same voluntarily. BHFL holds nowarranty and does not make any representation about the insurance product, theunderlying terms and conditions and/or benefits of the insurance product, the mannerof processing the claims by the insurance company. Further, BHFL shall not beresponsible for acceptance or rejection of the request for insurance policy and/orclaims, the manner of processing of claims etc., in any manner whatsoever. All or anygrievances in reference to the insurance policy will have to be directly taken up withthe insurance company only.8. CONDITIONS FOR DISBURSEMENT OF THE LOAN Submission of all relevant documents as mentioned by BHFL in the Sanction Letter,Loan Agreement and other Loan Documents; The following additional conditions will also have to be satisfied by the Customer:o Legal & Technical Assessment of the Property;o Clear, marketable and unencumbered title of the property offered as security;o The construction carried out over the Property/ies has been undertaken as per theapproved plans and as per applicable laws/bye-laws/rules and regulations;o Meeting all the relevant conditions as specified in Sanction LetterPage 3 of 9

BHFL/Mortgages/ MITC /DF/Sept 2021/Version 8.1o All required approvals (including, but without limitation, the approved plans and thestatutory approvals) for the property have been obtained and submitted to BHFL.9. REPAYMENT OF THE LOAN The Borrower agrees to repay the Monthly Instalments and the other Outstanding Duesto BHFL on or before the respective Due Dates by any of the repayment modes as setout in the Loan Agreement or the Top-Up Loan Addendum, or in such manner and atsuch place, as may be agreed between the Borrower and BHFL. BHFL may, at the request of the Borrower in writing, agree to change the repaymentmode. BHFL may, at any time, in its discretion revise the repayment schedule in itssole and absolute discretion and notify the Borrower in advance accordingly. The Monthly Instalment amount shall be arrived at so as to comprise the repayment ofthe Loan Amount and payment of Interest calculated on the basis of the Interest Ratewithin the Loan Tenure. The Borrower agrees to continue paying Monthly Instalmentsuntil all Outstanding Dues under the Loan have been repaid in full to BHFL.10. BRIEF PROCEDURE TO BE FOLLOWED FOR RECOVERY OF OVERDUESOn occurrence of any event of default as mentioned in the Loan Agreement and other LoanDocuments (“Event of Default”), all outstanding amounts owed by the Borrower to BHFLshall become payable forthwith and BHFL reserves the right to undertake such necessaryprocesses/measures to enforce its rights under the Loan Agreement and other LoanDocuments including but not limited to charging Default Interest for the delayed payment,recovery of over dues. Further BHFL will be entitled to enforce the Security in accordancewith the remedies available under the Law. BHFL also reserves the right to: Accelerate the repayment of the Outstanding Dues including the Loan.Place the Loan on demand or declare all Outstanding Dues payable by the Borrowerin respect of the Loan to be due and payable immediately.Charge default Interest at the Penal Interest Rate and any other applicable penalcharges including Bounce Charges.Exercise such other rights and remedies as may be available to the Company underapplicable law during the pendency of the Loan.Stipulate such other condition/s or take such other action/s as the Company deems fit;Revise the applicable Interest Rate; and/orPage 4 of 9