TERMS AND CONDITIONS OF PAYDAY LOANPayday Loan Agreement • June 11th, 2024
Contract Type FiledJune 11th, 2024Pursuant to the online application (“Online Application”) confirmed by the Borrower (“you” or “Borrower”), Kotak Mahindra Bank Ltd (“Bank”), has agreed to grant Pay-Day Loan (hereinafter referred to as “Loan”), and the Borrower agrees to borrow the sum as mentioned in the online Application, the details of which shall be sent to you by way of an email on your registered email ID along with the terms and conditions as confirmed and accepted by you in the online application. The Bank agrees to disburse the Loan amount subject to necessary deductions including towards payment of Stamp-duty to your Savings Account maintained with the Bank, which you confirm that it is operated by you singly including for applying for the Loan by you completing all requisite formalities and accepting these Terms and Conditions (“Terms”).