TERMS AND CONDITIONS - SCHEDULED WITHDRAWAL FROM AVAILABLE FLEXI LOAN LIMIT

By requesting for scheduled withdrawal and submitting the one-time password sent by Bajaj Finance Limited (“BFL”) you do hereby agree to the following:

1. That the amount requested for scheduled withdrawal must be within the available flexi loan limit on the date of scheduled withdrawal request date. The scheduled withdrawal date shall be within 30 days from the date of scheduled withdrawal request.The day on which the amount will be disbursed in your registered bank account shall be considered as scheduled withdrawal date.
2. There can only be one active request for scheduled withdrawal at a time. During pendency of any scheduled withdrawal request, no new request can be raised by you. Upon cancellation of any scheduled withdrawal request, you may be able to raise a new request.
3. Any request for cancellation of the scheduled withdrawal request must be raised till 23:59 pm on the day prior to the scheduled withdrawal date. In the event, any repeat transactions are linked to such scheduled withdrawal request, those requests shall also stand cancelled.
4. If you opt for repeating the transaction, same amount as per the scheduled withdrawal request will be disbursed after 30 days of previous scheduled withdrawal date.
5. You shall not be able to edit or cancel the scheduled withdrawal request on the date of disbursement.
6. The scheduled withdrawal amount will get credited in your registered bank account only.
7. The option of scheduled withdrawal request will not be available in the event the drawdown facility is blocked or the available loan limits is below INR 1000. If you have overdue on your loan account, your scheduled withdrawal request shall be blocked.
8. Upon successful disbursal of the scheduled withdrawal amount, the disbursed amount will be added to the principal outstanding, and interest will be charged from the scheduled withdrawal date.
9. Any disbursal would be at the sole discretion of bfl. Prior to disbursing the amount under the scheduled withdrawal request, bfl shall check the loan status, available loan limit; if the facility is blocked due to our internal risk policy basis these parameters like CIBIL score, credit behaviour across financial institutions, repayment history, bounced EMIs, and other factors that are periodically checked by BFL’s risk team.
   On the scheduled withdrawal date, the available flexi loan limit must be greater than the amount of scheduled withdrawal request and there must not be overdue on the loan account.
10. By agreeing to these terms and conditions you do hereby also confirm and acknowledge that the terms and conditions mentioned in the loan agreement and other related loan documentation duly executed and accepted by you shall be considered as binding with respect to all the scheduled withdrawal request made by you.
11. I shall submit and execute any/all documents, in such form and manner as may be required by bfl in relation to the said scheduled withdrawal request.

I hereby declare that all the information voluntarily furnished by me is true, correct, and complete and i shall not hold bfl or any of its officials responsible in any manner whatsoever for any issues, withdrawal requests, transactions arising due to the scheduled withdrawal from the sanctioned loan amount.