guidelines and application form for availing loan under small road

GUIDELINES

AND

APPLICATION FORM

FOR

AVAILING LOAN

UNDER

SMALL ROAD TRANSPORT OPERATORS

SCHEME

(Government undertaking) PLOT NO. 37-38, PANKHA ROAD, INSTITUTIONAL AREA, D-BLOCK, JANAK PURI, NEW DELHI–110 058

Phone: 28525035-39 Fax: 28525041

E-mail: [email protected] Website:http.// www.dfcdelhi.nic.in

mailto:[email protected]

http://www.dfcdelhi.com/

DFC offers loan to Transporters under SRTO Scheme OBJECTIVEE : The Delhi Financial Corporation (DFC) was set up by an Act of Parliament as an apex institution for providing assistance for the development and promotion of industries (manufacturing / service sector) and to purchase of new chasis of commercial vehicle including fabrication of body, purchase of tool kit, stepny, CNG kit, fare meter, Insurance and registration etc. in National Capital Territory of Chandigarh. It is an autonomous Corporation promoted by Government of NCT of Delhi, Chandigarh Administration and Small Industrial Development Bank of India. ELIGIBILITY :

i) Resident of Delhi and Union Territory of Chandigarh. In case of the Companies they must have registered office in Delhi / Chandigarh.

ii) Should be less than 60 years of age. iii) The commercial vehicle must be registered by the Transport Department of

Delhi or Chandigarh. iv) Should have been in position to provide required collateral security and

guarantees as per norms of the Corporation. PURPOSE OF LOAN : To purchase upto 20 commercial vehicles including existing (one) with new chassis, fabrication of body, purchase of tool kit, stepny, CNG kit, fare meter, insurance and registration etc. MAXIMUM QUANTUM OF LOAN : Rs.500 lakh in case of Companies and Co-operative Societies and Rs.200 lakh for proprietor and partnership concerns, etc. PROMOTER’S CONTRIBUTION 20% (Minimum) RATE OF INTEREST The present rate of interest is 13.5% p.a. and the interest rate of 12.75% p.a. will be charged in the following cases : a) Who have been rated among the top three credit ratings given by CRISIL /

ICRA / SMERA and that the credit rating given by the agency is valid on the date of application.

b) Who are existing borrowers of the Corporation and has standard assets during the last three years.

c) The past clients of the Corporation whose loan remained standard during the tenure of loan.

d) Any other deserving case as decided by the CMD. Additional interest @ 2.5% p.a. is charged on the defaulted amount and for period of default. Any change in rate of interest at the time of first disbursement, on the directive of the RBI / SIDBI will be applicable even if the loan has been sanctioned and mortgage / Hypothecation deed has been executed.

MAXIMUM PERIOD OF REPAYMENT : Five years including four months moratorium. Repayment in 56 monthly installments. The repayment of loan availed by the borrower (disbursed amount and not sanctioned amount) is recovered along with normal interest charge on daily product basis and additional interest in case of delay, if any. PROCESSING FEE : (Non refundable) Once the application for loan is accepted, the processing fee is payable @ of 0.5% of the loan amount. Note :

Service Tax as applicable will be extra.

In addition to processing fee other expenses like stamp duty, registration charges etc., if any, towards mortgage of collateral securities and insurance premium shall be borne by the borrower.

Processing fee is no-refundable. However, in case the application is not accepted, the processing fee is refundable to the applicant.

PRE-PAYMENT CHARGES : In the event of pre-payment / fore closure of loan, the borrower is liable to pay the pre-payment charges @ 2% of outstanding principal amount. GUARANTORS (third party) COLLATERAL SECURITY : In addition to Hypothecation of vehicle as prime security, third party guarantors / collateral security is also required as additional security. The detailed norms in this regard are enclosed as Annexure-A.

PRESCRIBED LOAN APPLICATION FORM : Loan proposals should be submitted in prescribed format as per Annexure-B. RECEIPT OF LOAN APPLICATION AND VERIFICATION a. The Corporation will dispose of an application for a loan amount upto Rs.2.00 lakh

within two weeks and for loan amount up to Rs.5.00 lakh within four weeks from the date of receipt provided the application is complete in all respect and is accompanied by documents as per check list provided. Disposal of loan applications for amounts exceeding Rs.5.00 lakh will be within a reasonable time frame. The Corporation shall ensure disbursal of loan sanction within two working days from the date of compliance with all terms and conditions governing such sanction.

b. In case of any short coming the borrower is informed about the same within next 7 working days time from the date when the application is received in the Corporation. The entrepreneur may obtain the receipt invariable at the time of submission of loan application.

c. The borrowers are duly informed that the details mentioned in their loan application will be verified and a proper assessment will be done by varying out detailed due diligence and appraisal.

REJECTION OF LOAN APPLICATION : In case the loan application is rejected by the Corporation for one or more other reasons, detailed reasons for rejection will be intimated by the Corporation to the borrower with in a week’s time. The Corporation does not have any obligation to meet any further requirement of the applicant / borrower on account of growth in business, if any without proper review of loan already disbursed. For any additional loan the applicant / borrower shall have to submit a fresh application. POST DISBURSEMENT SUPERVISION The vehicle financed is invariable verified during the release of loan and at any subsequent stages during the currency of the loan. RECALL OF LOAN

Against the loan disbursed, recovery starts after the expiry of moratorium period, which is normally four months. Maximum repayment period is normally five years. Loan is normally recovered through EMIs to be deposited by the borrower either in cash or through cheques or directly deposited with designated branches of authorized Banks.

Where the payments have not been received, a reminder is issued and in cash no payment is received, show cause notice is sent. In the event of no response from borrower, loan is recalled and is followed by a notice u/s. 29 of the SFCs Act 1951 for taking physical possession of the vehicle financed. In case, these actions fail to yield any result and the amount remains outstanding, recovery under the provisions of section 32(G) of the SFCs Act is made. Actions of recall, invoking provisions u/s. 29 and 32(G) are taken by the DGM of the division and proceedings u/s. 32(G) are held at the level of Competent Authority i.e., M.D. RELEASE OF DOCUMENTS

Once the borrower repays the dues of the Corporation as per the repayment schedule, the division issues no dues certificate. The process for issuance of no dues involves checking of all payments / credit thoroughly and carefully with cash register / valuable register / Bank statement. No dues certificate is, invariable, given within 2-3 weeks from the last payment made by the borrower. The documents are returned to the borrower(s) / owner of properties either in person or through Regd. Post at last known address. General

a. During the process of sanction, disbursement and recovery, the Corporation does not interfere in the affairs of borrower except for matter provided in the terms and conditions of loan sanction documents.

b. The Corporation does not discriminate on the grounds of sex, Caste and

religion in the matter of lending.

c. All the recovery actions are taken strictly as per the provisions of SFCs Act, 1951.

d. In case the borrower is interested in the transfer of its liability and assets to

some other person, the proposal is evaluated by the Corporation on merits and such transfers of loan liability is permitted with the approval of Competent Authority.

e. The Corporation will encourage the guarantors to take independent legal

advice to make them sure that they understand their commitment and the possible consequences of their decision so that they are aware that by giving guarantee they may also become liable for repayment of dues.

f. The Corporation will also carry due diligence as required under “Know Your

Customer” guidelines and borrowers and guarantors are also required to submit information to meet with KYC, Anti Money Laundering or any other statutory requirement.

---------------------------------------------------------End---------------------------------------------

.Annexure - A

Guarantors / Collateral Security Norms w.e.f. 22.06.2007

Percentage of financing by the Corporation :

i) For loan upto Rs.10.00 lakh : 80% of the on road cost of vehicle ii) For loan above Rs.10.00 lakh : 65% of the on road cost of vehicle

Sl. No.

Loan Amt. Govt./Semi Govt.

Employee OR

Employee of Public Ltd. Co.

OR

Income tax Payee having

PAN No. OR

FDR / NSC / Govt.

Securities OR

Immoveable property

S1 Up to Rs.50,000/-

Any two employees of above category with monthly salary of at least Rs.7,000/-


Any two paying IT upto Rs.1,400/-p.a. during last two years.

25% of loan amount

40% of loan amount + one guarantor

S2 Above Rs.50,000/- and up to Rs.2.00 lakh



Any two paying IT upto Rs.2,500/-p.a. during last two years.

25% of loan amount + one guarantor of S1 category


S3 Above Rs.2.00 lakh and up to Rs.5.00 lakh

Any two employees of above category with monthly salary of at least Rs.14,000/- + FDR / NSCs equal to 20% of loan exceeding Rs.2.00 lakh

Any two employees of above category with monthly salary of at least Rs.16,000/- + FDR / NSCs equal to 20% of loan exceeding Rs.2.00 lakh

Any two paying IT upto Rs.4,500/-p.a. during last two years plus FDR/ NSCs equal to 20% of loan exceeding Rs.2.00 lakh.

35% of loan amount plus one guarantor of S2 catgegory.


S4 Above Rs.5.00 lakh and up to Rs.10.00 lakh

Any two employees of above category with monthly salary of at least Rs.20,000/- + securities like FDR / NSCs etc. to the extent of 20% of loan amount

Any two employees of above category with monthly salary of at least Rs.25,000/- plus securities like FDR / NSCs etc. to the extent of 20% of loan amount

Any two paying IT upto Rs.7,000/-p.a. during last two years plus securities like FDR / NSCs etc. to the extent of 20% of loan amount

45% of loan amount plus one guarantor of S3 category.


S5 Above Rs.10.00 lakh

-- -- -- 50% of loan amount plus one guarantor as per norms of S4 category

150% of loan amount + one guarantor as per norms of S4 category.

DELHI FINANCIAL CORPORATION

NEW DELHI

Guarantee /Collateral Security Norms under both the Scheme i.e. General SRTO

and TSRs as approved by Board of Director s in its meeting held on 08/10/2012.

Revised Guarantee Norms for SRTO

General Scheme (Rs. 50,000/- to Rs. 2

lakhs)

Revised Guarantee Norms for TSRs

Any two employees of Govt./ Semi

Govt.with monthly salary of minimum

Rs. 20,000/- (with ten years balance

service).

OR

Any two employees of Public Ltd. Co.

with a salary of Rs. 30,000/- (with ten

years balance service).

OR

Any two paying IT upto Rs. 5000/- p.a.

during last two years.

OR

25% of loan amount + one guarantor as at

Sr. No.-1

OR

5. Collateral security of immovable

property having value equivalents to 75%

of loan + one guarantor as at Sr. No-1

FDR/NSC/LIC of 10% of loan amount

AND

One-third party guarantee of Govt.

servant with salary of Rs. 20,000/-

p.m. or Public Ltd. Co. employee with

salary of Rs. 30,000/- p.m. (with

minimum service of at least ten years

left in retirement) AND

In case, the borrower is residing in

house other than his own, he will

offer the guarantee of house owner on

net worth basis.

2. In case of woman applicant, she

will offer additional guarantee of her

husband or major son.

Rate of interest: 13.5% p.a. Rate of interest: 14% p.a.

Note:- The above norms are applicable in both the schemes i.e. General SRTO and /or

TSRs.

Note :-

i. In case of loan to Corporate sector, the personal guarantee of directors shall also be obtained.

ii. The value of immoveable property shall be got assessed from panel valuer of

the Corporation to the satisfaction of the Managing Director of the Corporation.

iii. All the legal, statutory and mandatory formalities for the mortgage of the prime / collateral security be got complied with from the concern borrower.

iv. The collateral security of immoveable property owned by the guarantors,

situated in the National Capital Region, Delhi, UT of Chandigarh and its surroundings namely, Mohali, Patiala in Punjab and Punchkula, Kalka and Ambala in Haryana be accepted for securing the financial assistance of the Corporation.

v. A guarantor should not be more than 50 years of age.

vi. The residential address of the borrower as well as guarantors besides being

verified from the relevant papers should also be checked by way of inspection in all cases.

At present on applicable rate of interest of 13.50% p.a. EMI on loan of

Rs.1,00,000/- comes to Rs.2,497/- (approx.) X 56

* The rate of interest is subject to change due to change in the cost of funds.

Annexure B

DELHI FINANCIAL CORPORATION NEW DELHI

LOAN APPLICATION FORM (UNDER SRTO SCHEME)

1. Loan applied Rs.______________________________________________ (should not be more than 80% of the cost of vehicle)

Details of processing fees paid Pay Order / DD No.___________________ dated ___________ for Rs._________________________. 2. For purchase of_______________________________________________ 3. Name of the party/concern M/s.____________________________________ 4. Constitution of concern ________________________________________ 5. Name of Prop./partner(s)/Directors________________________________ Male / female 6. Father’s name _______________________________________________ 7. Present address ______________________________________________

with Telephone No.___________________ Mobile ___________________ 8. Permanent address ___________________________________________ 9. Date of birth (in case of Prop)___________________(proof to be attached) 10. Age as on date __________________ (should not be more than 60 years) 11. Category SC/ST/OBC/Ex-serviceman/Physically handicapped (attach proof) 12. Religion ____________________________________________________ 13. Academic Qualification ________________________________________ 14. Professional qualification ______________________________________ 15. Experience in the field ________________________________________ 16. Driving license No.__________ issued on ________expiry date ________ 17. Permit No.______________NOC issued by STA ____________________

Space for

PHOTO

GRAPH

18. Details of earlier loan, if any availed from any financial institution, if any,

attach NOC/Accounts position. In case of H.P. termination letter received but HP not deleted on RC, original copy to be attached.

19. Details of moveable / immoveable assets held by the borrower ___________

_____________________________________________________________. 20. Name of Bank Account No._______________________________________ 21. Details of any other business being done by the borrower at present. If yes,

details with Balance Sheets (last 3 years) I.T. Assessment Orders to be attached.

B. DETAILS OF PROJECT / VEHICLE FOR WHICH LOAN APPLIED

Cost of Project

(I) Cost of Vehicle/chassis __________________ (attach quotation) (II) Cost of Body Building __________________ (attach quotation) (III) Cost of Insurance __________________ (IV) Cost of registration etc. __________________

(V) Cost of other misc.items like meter etc.____________________

Total cost of project ___________________

Means of Financing

Loan applied ______________________________

Promoter’s contribution ______________________________ (not below 20% of above cost of project) Total

Name & Address of the supplier of chassis

Name & Address of the Body Builder (Body Builder should have S.T. No.)

C. COLLATERAL SECURITY / GUARANTEE

In addition to hypothecation of vehicle

(i) Collateral security in form of NSC/KVP/LIC (surrender valuje)/FDRs as per norms.

(ii) Name of guarantors with age (proof of age as per passport, Matric

certificate, Driving License, Photo, I-Card to be attached).

Rs.

RsR

Name of Guarantor - I Name of Guarantor - II

Father’s name Father’s name

Present Address

Present Address

Permanent Address

Permanent Address

Salary Rs.___________ (Basic, HRA, DA & CCA) attach proof

Salary Rs.___________ (Basic, HRA, DA & CCA) attach proof

(i) Salary slip, and/or Certificate issued by Employer, Ration Card and age

proof to be attached (age of guarantor should not be more than 50 years).

Note : Consent form of guarantor to be furnished in prescribed format enclosed.

Details of collateral security, if immoveable property, proposed to be mortgaged.

(Attach photocopy of sale deed, link chain documents/property tax cum

Undertaking assessment copy of electricity/water bill etc.)

CERTIFICATE CUM UNDERTAKING

I/We hereby certify and solemnly affirm and declare the particulars/information supplied above, for the purpose of securing loan from Delhi Financial Corporation, are true and correct to be best of my knowledge and belief and no material fact/information has been concealed or withhold. If the loan is granted, me/us, I/we hereby agree to produce the vehicle(s) for inspection at your office every months or at shorter intervals as required by the Corporation.

Signature(s)

Name ___________________

Address ________________ Date : _____________

Your attention please

1. Warning : Over invoicing is fraudulent and actionable. Over invoice

applicants shall be summarily rejected.

2. Delhi Financial Corporation deals directly with the concerns seeking

financial assistance from it and not through any advisers. Brokers, agents

etc. In the circumstances, it will be in your interest not to accept and help

from any such person(s) or parties.

3. The service of DFC staff is at your disposal for assistance in completing

the Application Forms. Please contact us directly for discussing your

difficulties and problems with Nodel Officer.

Documents required (complete check list) :

A. Sanction of loan :

1. Photograph of the borrower is properly affixed at proper space at Page-1 of the loan application form duly self-attested.

2. All the entries and columns at page 1 to 3 are properly and completely filled up by the loan applicant and no column is left without attended and all the relevant information has been filled up at the respective columns by the loan applicant.

3. Loan applicant has properly signed the loan application at the bottom of certificate and undertaking at page 3 and date placed is also mentioned.

4. Complete information in Bio-Data along with Bank account no. and telephone no. is furnished by the loan applicant and the same duly signed by the applicant.

5. In case of guarantors all relevant information has been filled up against each column of the guarantor Performa and the said Performa is duly signed by the guarantors and Bank account no. is provided by the guarantors. It may also checked that latest photograph of the guarantors is affixed on the said guarantor Performa. Relevant document like duly signed and stamped salary certificate and/or Certificate issued by employer on the prescribed format as per Performa No.6 of the guarantors and photocopy of service I Card, Election I-Card and Ration Card and E-Bill also enclosed with the guarantors Performa.

6. Check photocopy of Ration card, Election I-Card, Pan Card/E-Bill of the borrower, Performa invoice of the authorized dealer with relevant documents is attached with the loan application form as per KYC norms.

7. Check the particulars like age and salary are as per the guarantee norms.

8. Check pay order/demand draft of processing fee of requite value is enclosed with the loan application form.

B. Documents to be submitted after Sanction of Loan :

1. Non-judicial stamp paper of Rs.50/- purchased in the name of loanee for Term Loan Agreement and photograph of the borrower partners/directors may be affixed on the above stamp paper of Rs.50/- purchased in the name of the borrower. The matter as per Performa No.1 may be got simply typed on the same stamp paper.

2. Certificate as per Performa No.2 for attestation of signature and photograph of the borrower/guarantors from any gazetted officer or Bank Manager.

3. If the loan is guaranteed on the basis of collateral security following documents (Performa No.3) may also be submitted in addition to above :

(i) if the FDR is being pledged as collateral security, the same should be got prepared from the any scheduled bank as under : DFC a/c._____________ and FDR should be for 60 months payable to self.

(ii) If the FDR is not got prepared in the name of DFC as mentioned 6(i)

it should be in the name of any person above the age of 18 years and in that case issuing Bank should endorse lien in favour of DFC and the confirmation thereof should be made by the Bank prescribed Format which is absolutely necessary. For making of lien of DFC the borrower will collect a letter addressed to the Bank Manager by Dy. Manager(L) of the Corporation.

(iii) Like wise in case KVP/NSC is to be pledged as collateral security

the issuing post office should mark lien / pledged as in favour of DFC and deposit such NSC/KVP alongwith receipt issued by the concerned Post Office to this affect (postal pledged receipt). For creation of aforesaid lien/pledge the request letter in the name of issuing Post Master should be obtained from the Dy.Manager (L).

(iv) In case LIC policy is to be pledged as collateral security the

following requirements are to be pledged with :

(A) Obtain a surrender value certificate duly signed and stamped by the Branch Manager of LIC and for assessing policy in favour of DFC, a request letter may be obtained from Dy.Manager(L), DFC and in reply thereof the original insurance policy with assessment letter alongwith covering letter by the Branch Manager LIC should be sent to DFC for assessing said policy in favour of DFC.

(B) A rubber stamp in the name of firms as per specimen given below This will be used for affixation on the Term Loan Agreement and policy on the receipt for taking disbursement of loan. Borrower should carry revenue stamp with them.

4. If the loan is secured on the basis of third party guarantor : Non-judicial stamp paper of Rs.50/- purchased in the name of guarantor

for the purpose of Guarantee Bond duly typed as per performa No.5 photograph of all guarantors should be affixed on the said stamp paper.

For M/s.________________________

Prop.

5. Affidavit of guarantors duly notorized with adhesive stamp of Rs.5/- in additions cuttings should be signed by respective deponent and counter signed by respective deponent and counter signed by Notary public on the non-judicial stamp paper of Rs.10/- purchased in the name of each guarantor separately typed as per Performa No.6 in the case of Service/Business Based Guarantee and Proforma No.7 for property basis guarantor and Performa No. 8 in the name of applicant who applied loan under TSRs scheme.

6. Photograph of the service I Card, ration card, Pan Card and E-Bill of the guarantor shall be verified from the original at the time of execution of Bond of Guarantee.

7. Any other documents which are in compliance of the said terms and conditions contained in the sanction letter as desired by AGM./Mgr/Dy.Mgr(L).

Note :

a. All the aforesaid affidavit should be executed after date of sanction of loan. b. Please go through check list to void delay for finalisation of the loan appraisal

in case of any doubt/clarification, please contact AGM/M/DyMgr(L).

2. Documents to be furnished for availing balance 10% of loan :

1. Original bill and payment receipts of the supplier of vehicle/chassis. 2. Insurance policy of full cost of vehicle having DFC’s hypothecation

thereon. 3. Two sets of photocopies of Regn.Certificate, Route Permit with HP to

DFC and fitness certificate alongwith copy of Form 21 and 22. This may be noted that vehicle should be registered with Delhi as public commercial vehicle.

4. The inspection of the vehicle clearly indicating that vehicle is hypothecated to Delhi Financial Corporation may be got done after taking its delivery.

5. The R.C. and Route Permit should bear correct present residential address of the borrower.

6. Photograph of vehicle showing registration No. and HP to DFC (with new logo) painted on it.

7. A certificate from Accounts Department of Corporation regarding No default.

3. Guidance :

1. Application Form is available at Head Office from 11.00 a.m. to 4.30 p.m. on any working day.

2. Assistance will be provided to fill up the form by Jr. Manager/Dy.Manager (TLD) from 11.00 a.m. to 4.30 p.m. on any working day. Phone no.28525035-39.

3. AGM/Manager/Dy.Manager is available for redressing any problem in the Small Road Transport Operator (SRTO) division. Phone no.28525035-39.

Annexure – C

INFORMATION TO BE SUPPLIED BY THE GUARANTOR WHO IS STANDING GUARANTEE FOR THE REPAYMENT OF LOAN TO DELHI

FINANCIAL CORPORAION IN RESPECT OF

Industrial Concern M/s. _______________________________________________

Address ___________________________________________________________

For Loan of ________________________________________________________

Rs.________________(Rs.________________________________________only)

1. Name of the Guarantor with parentage Shri/Smt. ____________________________

s/o / w/o Shri _______________________________________

2. Age ________ (years) Date of Birth : _____________________

3. Permanent Address ________________________________ ________________________________ ________________________________

4. Present address_______________________________________________ _______________________________________________

5. Occupation a) If in Service the following information _____________________________ to be given duly supported with _____________________________ Certificate from the employer. _____________________________ i) Name of the Employer ____________________________ ii) Address ____________________________ ____________________________ ____________________________ iii) Designation ____________________________ iv) Length of service ____________________________ v) Present emoluments ____________________________

b) If he/she is an Income Tax Assessee _______________________________

the details of taxable income and ____________________________

Tax paid during last 3 years be given ____________________________

6. (i) Name of the firm/company ____________________________ (ii) Address (s) ____________________________ ____________________________

(iii) Constitution (Proprietor / Partnership / Private / Public Limited Company)

Latest

photograph

of

guarantor

(iv) Date of establishment ____________________________ (v) Type of business ____________________________

(vi) Sales and Profit during last 3yrs. ____________________________ (vii) Income Tax paid during the ____________________________

three years by the guarantor ____________________________ latest two/three years IncomeTax assessment orders to be furnished

7. If Wealth Tax Assessee, then two yrs. ____________________________

Statement and Wealth Tax paid be furnished____________________________

8. Relationship, if any with the persons for ____________________________ Whom guarantee stands. ____________________________

9. Particulars of immoveable property held by the guarantor i) Plot of land/Phones No. and its _____________________________

complete address _____________________________ ii) Whether owned in own name or

Joint name if any, supporting copies ____________________________ of Title Deeds to be submitted ____________________________

iii) Market value of the property held _____________________________ by the guarantor alongwith Valuation Reprot ________________________

iv) Whether the property is free from Encumbrance, if mortgaged(attach ____________________________ Affidavit as per Performa of DFC) ____________________________

10. Particulars of other moveable assets (a) LIC Policy (Face value and paid up ____________________________

Value) (b) UTI & NSCs Value ____________________________ (c) Shares with their value & name of Company. (d) Bank Balance with Bank’s name & ____________________________ A/c. Number and Branch name ____________________________

11. Particulars of other guarantee/surety ____________________________ previously given for repayment of loan ____________________________ etc. to any other financial institution/Bank etc.___________________________

I solemnly affirm and declare that the particulars given above are true and correct to the best of my knowledge and belief and nothing had been concealed therein. I also agree to execute Bond of Guarantee and to provide supporting papers, if any, concerning to my net worth as declared above.

Signature of Guarantor

PERFORMA NO.1

Note : To be typed on Stamp Paper of Rs.50/- purchased in the name of applicant – not

to be signed.

HYPOTHECATION-CUM-TERM LOAN AGREEMENT

This Indenture made on the ____day of __________ 2012 by Shri_______________ s/o Shri _______________________ r/o _____________________________________ Sole Proprietor of the concern namely, M/s.___________________________________ hereinafter called The Borrower (which expression unless repugnant to the context shall mean the concern) M/s. __________________________________ its’ successors, representatives and assigns as well as personal representatives, heirs executors, administrators and assigns of Shri_________________________________ of the First Part, in favour of Delhi Financial Corporation, body incorporated and established in consequences of the certification and sanction of the Central Government of the scheme for the Reorganization of Punjab Financial Corporation under Section 69(4) of the Punjab State Reorganization Act, 1966 read with State Financial Corporation Act, 1951 (LXII of 1951) for Union Territories of Delhi and Chandigarh and having its Head Office at New Delhi hereinafter called The Corporation (which expression unless repugnant to the context shall include its successors and assigns) of the other part.

PERFORMA NO.2

CERTIFICATE

This is to certify that Shri / Smt. ______________________ son / daughter of

Shri __________________________ resident of

_______________________________ is known to me whose signature and

photograph are appended and affixed are attested.

_________________________ ________________________ (Signature of Borrower/Guarantor) (Name and Designation of the

Attestation Officer with seal and Signature & Telephone No.)

Signature and Seal of Attesting Officer on the Photograph. Date :__________________

Place: _________________

Photograph

Photograph

Performa No. 3

MEMORANDUM AND UNDERTAKING CHAIRMAN AND MANAGING DIRECTOR Delhi Financial Cotrporation Plot No. 37-38, Pankha Road, Institutional Area, D-Block, Janakpuri New Delhi-110058.

Dear Sir,

I/We, ___________________________________________ have got

______________________ for Rs. ___________________________ issued by

____________________________________ endorsed in the name of Delhi Financial

Corporation. The said ________________ is/are clearly endorsed in the name of Delhi

Financial Corporation and upon such endorsement, I will have no objection whatsoever if the

corporation encashes the said _____________ at any point of time and upon default by M/s.

__________________________________.

2. _____________________ is/are issued by above mentioned

____________________________ and has/have been deposited with the corporation free of

my will and with the clear intention of securing the financial assistance rendered by the

corporation to M/s. ____________________________ for loan of Rs.

______________________. The ___________ shall be kept by the Delhi Financial

Corporation and will be encashed upon its presentation by the corporation to the

__________________ concern.

3. It is agreed that Delhi Financial Corporation being the holder of the

_____________________ and the fact that ______________ is/are in the name of

corporation, the corporation will be fully entitled to encash the _______________ at its own

and without any reference to me.

4. That the Delhi Financial Corporation and/or its authorized officer is hereby

empowered to encash the _________________ on behalf of the holder of

____________________ to collect the amount payable by the

___________________________ on the basis of the said ________________.

5. I/We, therefore, make this memo-cum-undertaking and state that this has duly

informed to the concerned __________________________ as well and corporation may send

a copy of this memo to the concerned_____________________________________.

Yours faithfully,

Dated

Performa No.4

Note : To be typed on Stamp Paper of Rs.10/- purchased in the name of guarantor – duly

signed and attested by Notary.

AFFIDAVIT

I ____________________ s/o Shri ____________________ R/o

________________________________________ do hereby solemnly affirm and

declare as under :

1. That I am aware that Shri ________________________ sole proprietor of

M/s.____________________________ has been sanctioned a loan of Rs._______________ by Delhi Financial Corporation, New Delhi.

2. That I have agreed to stand guarantee in the above mentioned loan case.

3. That I am working as ______________ with M/s. ___________________

address _________________________________ and getting salary of Rs._______________________

OR

That I am engaged in business of _____________ in the name and stype of M/s. __________________ address _____________________________ and have paid Income Tax of Rs._____________ (Rs.______________ Rs.______________________) in the assessment year 200_____ respectively.

4. That I am absolute owner and in possession of property No._____________

5. That I have not given guarantee in any other loan case in DFC or in any other Institution / Bank.

6. That I further undertake not to stand guarantee in any other loan case without

permission of Delhi Financial Corporation and my guarantee cannot be absolved during currency of loan liability of the above concern.

DEPONENT

Verification :

Verified at Delhi on the ___ day of ______________ 2011. The contents of Para 1 to 6 above are true to my knowledge and nothing has been concealed therefrom.

DEPONENT

Performa No.5

Note : To be typed on Stamp Paper of Rs.50/- purchased in the name of guarantor – not to

be signed.

BOND OF GUARANTEE

Executed by

1. Shri/Smt. ____________________ s/o Shri _______________________

Aged______________________________________________________

R/o _______________________________________________________

working as _________________ with ____________________________

and drawing salary of Rs._____________________________.

AND

2. Shri/Smt. ____________________ s/o Shri _______________________

Aged______________________________________________________

R/o _______________________________________________________

working as _________________ with ____________________________

and drawing salary of Rs._____________________________.

In favour of Delhi Financial Corporation, Plot No. 37-38 Pankha Road Institutional Area, D-Block, Janak Puri, New Delhi – 110 058 for a loan of Rs.______________ (Rs.___________________________________________ only) sanctioned to M/s. __________________________________ ____ for purchase of the __________________________________________________________.

Performa No.6

SPECIMEN OF CERTIFICATE TO BE FURNISHED BY OFFICE OF THE GUARANTOR

TO WHOMSOEVER IT MAY CONCERN

Ref.No.____________________ Dated _____________

This is to certify that Shri / Smt. ____________________ s/o, w/o, d/o

Shri _________________________ is working in this office as _________________.

He/she is drawing gross salary of Rs._____________________ and permanent

address _____________________________________________________________.

His balance service is ____________________ years.

His Date of birth is ____________________________.

Signature with name and designation of the Employer with Rubbe Stamp

Telephone No.______________

PROFORMA NO.7

Note : To be typed on Stamp Paper of Rs.10/- purchased in the name of guarantor –duly

signed and attested by Notary

(For property based Guarantee)

AFFIDAVIT

Affidavit of Shri/Smt. __________________________ w/o, s/o Shri ______________

r/o ______________________________________________________________.

I above named Deponent, do hereby solemnly affirm and declare as under :

1. That I am guarantor of M/s. _____________________________ doing business as ______________________________________.

2. That M/s. ________________________________ has been granted a loan

of Rs.________________ (Rupees______________________________ only) by Delhi Financial Corporation Plot No. 37-38 Pankha Road Institutional Area, D-Block, Janak Puri, New Delhi – 110 058 for purchase of one vehicle i.e., ________________________

3. That I am the owner of property No._______________________________.

4. That the aforesaid property is free from all sorts of encumbrances/charges

and has not been mortgaged to any body/institution.

5. That I have solemnly declare that till the entire dues of DFC’s loan is repaid I shall not alienate, sell, transfer the above mentioned property. That I have not given guarantee in any other loan case in DFC or in any other institution and I undertake not to stand guarantee in other loan case without prior permission of Delhi Financial Corporation and my guarantee cannot be absolved during currency of loan liability of above concern.

DEPONENT Verification :

Verified at Delhi on the ___ day of ______________ 2011 The contents of Para 1 to 5 above are true to my knowledge and nothing has been concealed therefrom.

DEPONENT

Performa No. 8

Note: To be got typed on stamp paper of Rs. 10/- purchased in the name of

applicant signed and attested by Notary.

AFFIDAVIT

Affidavit of Smt. /Sh. _____________________________________________, w/O,

s/O Sh. ______________________________________________________________, R/o

___________________________________________________________________________

___ I above named deponent do hereby solemnly affirm and declare as under:-

1. I am the sole prop. Of M/s. _____________________________________________.

2. That I have been granted a loan of Rs. _______________________ (Rupees ______________________________________________) as Term Loan by the Delhi Financial Corporation, Plot No.37-38, D-Block Janakpuri Institutional Area, New Delhi-110058.

3. That my driving license No. ________________________ and public service badge No. _____________ is issued b y the Transport Department, GNCT Delhi.

4. That I do not hold any Auto Rickshaw (TSR) or Transport Vehicle Permit.

5. That I fulfill all the conditions stipulated by the STA, Delhi for grant of permit to operate Auto rickshaw.

6. That I shall refund entire dues of the Corporation alongwith interest and misc. expenses in the event of disqualification/ non-issuance of permit to me by the STA, Delhi.

DEPONENT

VERIFICATION

The above named deponent do hereby solemnly affirm and verified that the content of

this affidavit are true to my belief and nothing concealed therefrom.

Verified at Delhi on __________________________ this day ______________2012.

DEPONENT