BUSINESS LOAN APPLICATION FORM Form No.

PLEASE FILL THE FORM IN BLOCK LETTERS Date:

To be filled by the applicant

Applicant Name:

Constitution: Individual ✔ Proprietor Partnership LLP Pvt Ltd Public Ltd Other (Specify)

Gender if Individual: M F ✔ Other

Registered Address:

State: PIN:
Operating address of Business / Factory:
State: PIN:
Mobile: Email: Date of Incorporation/DOB:
Nature of Business: GSTN: PAN:
Legal Entity Identifier (LEI) number: Importer Exporter Code (IEC):
Co-applicant / Guarantor details: ✔ Co-applicant Guarantor
Name:
Address:
State: PIN:
Mobile: Email: PAN:
GSTIN: Date of Incorporation/DOB: Relationship with Promoter/Partner/Director:
Type: ✔ Individual Non Individual For Individual: Gender: ✔ M F Other
Co-applicant / Guarantor details: Co-applicant Guarantor
Name:
Address:
State: PIN:
Mobile: Email: PAN:
GSTIN: Date of Incorporation/DOB: Relationship with Promoter/Partner/Director:
Type: ✔ Individual Non Individual For Individual: Gender: ✔ M F Other
Co-applicant / Guarantor details: Co-applicant Guarantor
Name:
Address:
State: PIN:
Mobile: Email: PAN:
GSTIN: Date of Incorporation/DOB: Relationship with Promoter/Partner/Director:
Type: Individual Non Individual For Individual: Gender: M F Other
Co-applicant / Guarantor details: Co-applicant Guarantor
Name:
KMBL/BL/122024/V4.0

Address:
State: PIN:
Mobile: Email: PAN:
GSTIN: Date of Incorporation/DOB: Relationship with Promoter/Partner/Director:
Type: Individual Non Individual For Individual: Gender: M F Other
 Co-applicant / Guarantor details: Co-applicant Guarantor
Name:
Address:
State: PIN:
Mobile: Email: PAN:
GSTIN: Date of Incorporation/DOB: Relationship with Promoter/Partner/Director:
Type: Individual Non Individual For Individual: Gender: M F Other

Type of Loan Facility Loan Facility applied for Purpose of Loan / Facility

✔ Business Loan – Term Loan Amount INR ✔ Business Improvement / Expansion

Business Loan – Overdraft Tenure (Month) Working Capital
Funding Against Credit Card Receivables 12 18 24 30 Other (Specify)
(FCCR/RFCCR)
36 48 ✔ 60
Loans for Professionals

Reference (Not related to applicant / co-applicant / guarantor):

Ref Name 1: Contact:

Ref Name 2: Contact:
Declaration
In compliance to RBI circular Ref DBOD No. Dir BC.4/13.03.00/2012-13, clause 2.2.1 on granting loans and advances to
relatives of directors and clause 2.2.2 on restrictions on grant of loans and advances to officers and relatives of senior officer of
banks.
For individual / sole proprietor applicants
a. Do any of the applicants happen to be directors or relatives of a director of a banking company
(Including Kotak Mahindra Bank & its subsidiaries), as defined in the said circular Yes No
b. Do any of the applicants happen to be relatives of a senior officer of the bank as
Defined in the said circular Yes No
For Non-individual applicants
c. Do any of the partners / directors in the firm / company happen to be directors or relatives of a director of a banking
company (Including Kotak Mahindra Bank & its subsidiaries), as defined in the said circular Yes No
d. Do any of the partners / directors in the firm / company happen to be relatives
Of a senior officer of the bank as Defined in the said circular Yes No
URC Declaration from borrower
Yes, we classify as an MSME as per the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, and
the Udyam Registration Certificate (URC) no. is
No, I/We hereby understand and agree that during the tenure of the loan, if my business is classified as an MSME, I/We
will be responsible to approach the Bank and update the URC number for the Bank to classify the business as MSME
I/We declare that all the particulars and information given in the application form are true, correct and complete and the same shall
form the basis of any loan Kotak Mahindra Bank Limited (hereinafter mentioned as "the Bank") may grant to me /us. I/We have had no
insolvency proceedings against me / us nor have we ever been adjudicated insolvent and further confirm that I/We have read the
brochure and understood the contents. I am/we are aware that the monthly instalment comprising of Principal and Interest will be
calculated on the basis of monthly rests. I/We are aware that the options/types of Interest and the frequency of rest cannot be changed
and that such change(s) may be permitted only at the sole discretion of a Bank on such terms as may be decided by the Bank from time
to time. I/We understand and agree that in case of rejection of my/our application, documents submitted for the processing of my
application shall not be returned to me/us. I/We agree that the Bank may take up such reference and make such enquires in respect of
this application, as it may deem necessary. I/We acknowledge and give consent that the Bank may obtain/disclose/share any/all
information pertaining to me/us from/with any banks/financial institutions/credit bureaus/third parties for any purpose whatsoever.
I/We undertake to inform the Bank regarding any change in my/our occupation/employment/constitution and to provide any further
information that the Bank may require. The Bank may make available any information contained in this form and other documents
submitted to the Bank and information pertaining to the loan to any institution or body. The Bank may seek/receive information from
any source/person to consider this application. I/We further agree that my/our loan application shall be governed by the rules of the
Bank, which may be in force from time to time. I/We agree that the processing fees payable to the Bank or collected upfront, shall not
be refunded under any circumstances if my/our application for loan is rejected by the Bank on any ground whatsoever or once the loan
KMBL/BL/122024/V4.0

has been sanctioned by the Bank, irrespective of whether I/We finally avail the same. I/We undertake that the facility will be used for
the purpose it is granted by the Bank/declared by me/us at the time of availing the facility and not for investment in stock market in any
form or any speculative, anti-social or any purpose nor permitted by law. I/We understand that this requirement is in line with the RBI
regulation. I/We understand that if it is found by the Bank at a later date that the facility granted to me/us is being used for any other
purpose than the purpose for which it was granted, then the Bank will have the right to recall the facility at any time. I/We am/are
aware that any new phone number, mobile number, e-mail id provided by an existing customer while opting for any other product of
Bank (e.g credit card, personal loan etc.) shall be automatically updated in the bank records in lieu of the phone number, mobile
number, e-mail id provided at the time of opening the account or previously registered with the Bank. All further intimations/
communications pertaining to the Bank account shall also be sent by the Bank only to the new phone number, mobile number, e-mail
id and no intimations/communications shall be sent to the phone number, mobile number, e-mail id provided at the time of opening
the Bank account or previously registered with the Bank. I authorize the Bank, its group companies and their agents to exchange or
share all the information relating to me / us, any information related to my/our repayment history with banks, financial institutions,
credit bureaus, agencies, statutory bodies etc. as may be required or as they deem fit.
I/We have read and understood the MITC (Most Important Terms & Conditions) of the applied loan and confirm having received the
MITC sheet which also contains all the applicable charges/fees/levies etc. applicable on the said loan/facility.
I/We am/are aware that my/our loan account/facility is governed by various policies of the Bank and other important information
which are amended from time to time as per directives from RBI, and that the same can be accessed through Customer Corner of the
Bank via the Bank's website i.e. www.kotak.com or at the following link: http://www.kotak.com/bank/common/customer-
corner.htm.
I/We acknowledge and give consent that Kotak Mahindra Bank Limited may obtain/disclose/share any/all information pertaining to
me/us from/with any banks/financial institutions/credit bureaus/third parties for any purpose whatsoever. I/we authorize Kotak
Mahindra Bank Ltd for generation of bureau reports of the related party including but not limited to family members/ directors/
partners/promoters/proprietors/Guarantors/owners/shareholders for assessing this loan application and for any future instances till
the time exposure is live with the bank. I am aware that the upfront Processing Fees and any other charges collected will be non-
refundable if the final bank sanction is in line with what is communicated in the principle sanction letter.

Insurance Details (Optional):

Would you like to avail insurance policy from Kotak Mahindra Bank? Yes No
If yes, would you like the premium and other charges to be funded by Kotak Mahindra Bank? Yes No
Signature and Photo of Applicant / Co-applicant / Guarantor
Primary Applicant

(Photo) Name:

Place: Date: D D M M Y Y Y Y
Co-applicant Guarantor
Name:
(Photo)

Place: Date: D D M M Y Y Y Y

Co-applicant Guarantor
Name:
(Photo)

Place: Date: D D M M Y Y Y Y

Co-applicant Guarantor
Name:
(Photo)

Place: Date: D D M M Y Y Y Y

Co-applicant Guarantor
Name:
(Photo)

Place: Date: D D M M Y Y Y Y

Co-applicant Guarantor
Name:
(Photo)

Place: Date: D D M M Y Y Y Y

For bank use only

Sourcing Details
Direct Branch ✔ DSA Other (Specify)
KMBL/BL/122024/V4.0

RM Name: CRN:

DSA Name: CRN:

Branch Name: Branch Code:

Other: CRN:
 Most Important Terms and Conditions (MITC) Business Loan (BL) & Business Loan Overdraft (BLOD)
Schedule of Charges:

Nature of charges Quantum of charges

Default in Payment or where amount drawn beyond the Amounts standing unpaid on respective due dates shall attract penal charge at 8% per annum (to be charged for
Maximum Overdraft Limit and/or the Drawing Power actual no. of days) on overdue amount plus applicable taxes

Prepayment Charges The borrower shall be liable to pay up to 4% foreclosure / closure charges of the outstanding (Plus taxes as applicable).
For Micro & Small (MSE) Borrowers-
• Nil charges on fixed rate loans up to 50 lakh (Original Sanctioned limit)
• Nil charges on Floating loans

Non-utilisation Charges If average utilization of facility limits for a quarter is below 60% of sanctioned limits, Commitment charges of Rs. 5.50
per day per lac of unutilized limits (or a part thereof) + applicable taxes.

Charges for Breach of Other Material Terms and Conditions Rs. 5.50 per day per lac of exposure (or a part thereof) + applicable taxes (to be calculated from the day of breach until
(i.e. breach of any Event of Default conditions (“EOD”) as complied)
mentioned in any loan/facility agreement or Sanction Letter or In addition to these charges/levies, Bank also reserves the absolute right to recall the limits and demand repayment of
any other agreement or breach of any Specific Conditions all facilities from the borrower.
mentioned in the Sanction Letter) and not covered specifically
in this Schedule.

Delay/ Non-Creation of Security in favor of the Bank by the The Bank shall levy Penal charges at Rs. 5.50 per day per lac of exposure (or a part thereof) + applicable taxes for any
Borrower/Security Provider delay beyond the original due date (“ODD”) as per sanction terms upto 180 days from the ODD.
(* Refer Notes Below) Beyond 180 days delay, the Bank reserves the right to recall the facility (ies) or charge penal charges at Rs. 11 per day
per lac of exposure (or a part thereof) + applicable taxes until the security is created to the satisfaction of the Bank.
(The said penal charges shall be calculated on sum of limits of revolving lines and outstanding under non-revolving lines
of both fund and non-fund based facilities to which the security extends.)

Charges for Interest Certificate Free once in Financial year. Thereafter, INR 250/- (plus Taxes as applicable) per instance.

Cheque dishonour Charges INR 750/- (Plus Taxes as applicable) per instance.

Delay in submission of Documents under deferral Rs. 2500/- per month + applicable taxes per CRN
The penalty would be applicable after 15 Days from the due date until receipt of the respective document to the
satisfaction of the Bank.

Non-closure of account with other bank (unless specific Rs. 5000/- per month + applicable taxes
permission is taken), wherever stipulated

Delay in Stock Audit wherever stipulated Rs. 5000/- per month + applicable taxes
Penalty will be applicable after 60 days from the due date until receipt of the stock audit report to the satisfaction of the
Bank.

Delay in submission of Book Debt & Stock Statement Rs. 5000/- per month + applicable taxes
wherever stipulated Penalty will be applicable if the statement is not submitted on due date until the receipt of the statement.
If submission is not received 15 days beyond the submission due date, Bank may also drop the drawing power at its
absolute and sole discretion.

Delay/ Non-submission of Stock / Property insurance policy UptoRs. 10 crs exposure - Rs. 5000/- per month + applicable taxes
wherever stipulated Above Rs. 10 crs exposure - Rs. 10000/-per month + applicable taxes
Timelines for submission:
Cover note: 15 days from expiry of existing policy;
Renewed policy: 30 days from expiry of existing policy
for Takeover cases: Insurance policy to be submitted within 45 days from the date of first disbursement
Delay in submission of more than 60 days will result in reductions of limits at the absolute and sole discretion of the Bank.

Processing Fee (Non-refundable) Maximum 2% of the loan / facility amount (Plus Taxes as applicable)
NIL Processing Fees for total loan facility up to 5 Lakhs availed by micro and small Enterprises subject to URC
submission prior to disbursal
Annual Review / Renewal Charges Up to 2% of renewal limit (Plus Taxes as applicable)

Documentation Charges Loan amount up to INR 10 lakh: INR 3,500/- (Plus Taxes as applicable)
Loan amount above INR 10 lakhs: INR 6,000/- (Plus Taxes as applicable)
Repayment Mode I Account swap charges INR 500/- (Plus Taxes as applicable) per instance.

Charges for Amortisation Schedule/ Account Statement Free once in a Financial Year. Thereafter, INR 500/- (plus taxes as applicable) per instance

Charges for Duplicate NOC / No Dues Certificate INR 500/- (Plus Taxes as applicable) per instance.
KMBL/BL/122024/V4.0

Charges for copy of Credit Bureau Report (to Customer who INR 100/- (plus taxes as applicable) per instance for Individuals
has availed Loan /Facility from us) INR 500/- (Plus taxes as applicable) per instance for non-individuals

Charges for Copy of any Document INR 500/- (Plus Taxes as applicable) per instance.
 Your proposal would be appraised on the following broad parameters

Rating Parameter Basis

8 Financial
a Income & Cash flow
a Growth in top & Bottom Line
a Current Ratio & Liquidity
a Capital & Leveraging
a nterest Servicing & Cash Profits
a Working Capital Cycle (Holding Period)
a Ability to raise Fund from Market, Bank, Own Sources
a Overall Accounting Practice & Standards
8 Management
a Information Sharing & Transparency
a Management Competence
a Experience of Promoters in Industry, Management Competence & Succession Plan
a Credit History
a Ability to meet Estimation
a Group Support
8 Industry Risk
a Demand Supply in Economy
a Government Policy
a Competition
a Input rist
8 Business Risk
a Distribution Network
a Size of business
a Product Mix
a Operation Effciency

Customer Service / Infoline / Associates

Visit us at: www.kotak.com

Call us at: 1860 266 2666 (Local call rates apply) (9:00 AM to 7:00 PM Monday to Saturday excluding holidays)

All correspondence should be addressed to "Kotak Consumer Asset" at:

KOTAK MAHINDRA BANK LTD.,
4th Floor, Zone I, Building No. 21, Infinity Park,
Off Western Express Highway, Gen A.. Vaidya Marg,
Malad (E), Mumbai-400 097, India,
Regd. Office: 27 BKC, C27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai-400 051.
KMBL/BL/122024/V4.0
 Indicative List of Documents

To process your loan / facility application, we would require documents which are applicable to your business profile from the
list given below,
1. Mandatory KYC* documents for all applicants.
• Proof of Identity – Voter's ID Card / Aadhaar Card / Passport / Driving License / PAN Card / Signature identification form
present banker of Proprietor / Partner / director (if a company) etc.
• Proof of Residence – Recent Telephone bill / Electricity bill / Property tax receipt / Passport / Voter's ID Card of
Proprietor/ Partner / Director (if a company) etc.
2. Ownership proof and telephone bills.
3. For a partnership Firm – Latest partnership deed, PAN of the firm and office addres proof.
4. For a company – Certificate of incorporation, MOA & AOA, PAN, latest share holding pattern and office addres proof.
5. I.T. returns for last 2 or 3 years (as applicable) with computation of income for both business and individuals i.e. partners /
directors. Audited financial statements for last 2 or 3 years (as applicable) along with all schedules & annexure and Tax
Audit Report. In case company, Auditor's Report, Director's Report & Notice of AGM are also required.
6. Sanction letters / Repayment tracks for all loans and facilities availed.
7. Net worth statements of partners / directors.
8. Industry / sector specific documents with respect to mandatory licenses / registrations / qualification etc.
9. Any other document as may be required.
*As per RBI directive, customer shall be required to submit KYC documents of Beneficial Owner (BO) i.e. natural person,
who on his own or together or through one or more person, exercised control through ownership or who ultimately has a
controlling ownership interest (for more details, please refer to RBI circular DBOD.AML.B.C. No. 71/14.01.00/2012-13 dated
January 18, 2013)
• In case applicant is a registered entity and an unlisted company on any stock exchange where BO / BOs hold more than
25% shares or capital or profits. In the said company, then KYC documents along with BO Form of all such BO / BOs are
required to be submitted.
• When applicant is Partnership / LLP firm where BO / BOs hold more than 15% capital or profits in the firm, then KYC
documents along with BO Form of all such BO / BOs are required to be submitted.
• When applicant is Association of Persons (AOP) or Body of Individuals (BOI) where an individual/s hold more than 15%
property or capital or profits in the association / BOI, then KYC documents along with BO Form of all such BO / BOs are
required to be submitted.

Acknowledgment Slip

Date: D D M M Y Y Y Y Application Number:

Received from application for a Loan / Facility

of ` We have received cheque/draft no. for `

drawn on towards the application fee payable. In case of any queries relating to your application, please contact
KMBL/BL/122024/V4.0

Your Sales Executive/Relationship Manager at

For any queries/issues related to services provided by Kotak Mahindra Bank Ltd. or its outside service providers, you may please contact us on the phone
number/email id provide on back of the sheet.
Loan processing and disbursement will take at least 7 working days post submission of all requisite documents and information as may be required/by
the Bank as per Bank's criteria.