UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
STUDY POWER – APPLICATION FORM
Particulars of Student and the Course of Study
(a) Full Name of Student
:
(b) Date of Birth
(c) Educational Qualifications
(d) Proposed Course of Studies
(e) Name of Institution/University
:
(f) Duration of Course
(g) Date of Commencement of Course
(h) Expected Monthly Income of Student
After Completion of the Course
:
:
:
:
:
:
Particulars of Parent / Guardian
(a) Full Name
(b) Residential Address
(with phone no.)
:
:
(c) Office Address (with phone no.)
:
(d)
(e)
(f)
(g)
(h)
(i)
:
:
:
: Rs.
: Rs.
: Rs.
Date of Birth
Date of superannuation
No. of dependants
Gross Monthly Salary
Deductions from Salary
Net Monthly Salary
(j) Details of Present Borrowings –
Sl. No.
Date
of Amount of Loan
loan
Original
Present
Repayment
Plan
Security
Particulars of Loan Applied for
(a) Total Expenses for the Course
Details of non-repayable
studentship/fellowship, etc.
available to the student
(b) Details of repayable loan /
: Rs.
: Rs.
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
scholarship or other financial
assistance available
(c) Details of funds available
from family sources for
the course
(d) Amount of loan applied for
: Rs.
: Rs.
: Rs.
Security Offered
Immovable Property
(Lease / Freehold)
Title Deed
dated
In the name of
Address
Name of Holder
Amount
Other Securities:
Name of Security
Distinctive Nos.
Third Party Guarantee
(a) Name of Guarantor
(b) Residential Address
(c) Office Address
(d) Date of Birth
(e) Date of Superannuation
:
:
:
:
:
Declaration
We certify that the information furnished above is correct to the best of our knowledge and belief.
We promise to abide by the terms and conditions governing the loan facility, if sanctioned by the
Bank.
Signature of Student
Signature of Guardian
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
Date:
Date:
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
STUDY POWER – REQUIREMENT OF FUNDS
1) Name of Student
2) Name of Guardian
:
:
3) Computation of Loan Requirement
(a) Tution Fees
1st year of the course
: Rs.
nd
2 year of the course
: Rs.
3rd year of the course
: Rs.
th
4 year of the course
: Rs.
th
5 year of the course
: Rs.
(b) Examination and Other Recurring Fees
1st year of the course
: Rs.
nd
2 year of the course
: Rs.
3rd year of the course
: Rs.
th
4 year of the course
: Rs.
th
5 year of the course
: Rs.
(c) Essential Books, Stationery &
Equipments, if any
:
(d) Maintenance Expenditure
Rent
: Rs.
Board
: Rs.
Clothes
: Rs.
Sundries
: Rs.
(e) Insurance Premia for the duration
Of Loan and Start-up Period
:
TOTAL
:
4) Less:
Non-repayable scholarship/
Fellowship, etc.
: Rs.
Repayable loan scholarship
Or other financial asst.
: Rs.
Funds available from family : Rs.
TOTAL
:
5) Loan Amount
6) Repayment Schedule
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
Rs.
: Rs.
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
UTI BANK LTD
Recent
Photograph
Application for loan
UTI Bank Ltd
____________
Dear Sir/Madam,
I/We request you to sanction me/us a loan of Rs.__________ for the purpose of _______________________________
_________repayable in ______ months by way of post-dated cheques / deduction from salary by employer (check-off facility).
The details are given below:
Personal Details (For Individuals Only)
Name of Borrower: __________________________
Surname
Date of Birth : DD: ___ MM: ___ YYYY: _____
_________________________ ________________________
First Name
Middle Name
Name of father/husband __________________________________
Residence Address: ______________________________________________________________________________
___________________________________________________________________________Pincode : _____________
Tel.: ______________ (O) _____________ ( R )Fax: ______________ Mobile No.: ____________________________
Pager No. __________________
E-mail: ____________________________________________________________
Permanent Address: ______________________________________________________________________________
_________________________________________________________Pincode : ____________Tel.: _______________
Employer's Name & Address/Business Address: _______________________________________________________
____________________________________________________________________________ Pincode : ____________
Tel.: _________________________ Fax: ______________________E-mail: ___________________________________
Other Details: (Tick)
Sex:
M/F
Education:
If professional
Marital Status:
Singe/Married
No. of Children ___
Total No. of Dependents: ___
Matric / Undergraduate / Graduate / Post-Graduate
Doctor / Lawyer / CA / MBA / Engineer / Others (specify)
House Owned by: Self / Employee leased / Parents / Paying Guest / Relative
Years at Residence _______________ If rented, Monthly Rent (Rs.) __________Others (specify)
Vehicle owned by:
Two Wheeler
Model No.
Yr. Of purchase
Owned/hypothecated to
Four Wheeler
Model No.
Yr. Of purchase
Owned/hypothecated to
Particulars of Credit Card, if any
Card Issuer: ____________________ Card Number: __________________ Type (Gold, Silver, etc.): _______________
Investment in shares / units / Bank Deposits / Others ___________________(Details as per list)
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
Details of Employment:
i. Salaried
ii. Self employed
Government
Years at Current Job __________
Pvt. Ltd.
Years in Current Business _____
Public Ltd.
Designation _________________
Partnership
Annual Turnover (Rs.) ________
Private Ltd.
Gross monthly income Rs. ______
Proprietorship Monthly Income (Rs.) _________
Others(specify)
Net monthly income Rs._________
Details of Spouse: Name : _________________________ Occupation: ____________________________
If employed, Employer
_________________________ Designation/Profession:___________________
Gross Monthly Income
_________________________ Net Monthly Income ______________________
DETAILS OF PROPERTY ( TO BE MORTGAGED :
Address:Mention dwellilng unit no., street, city, and pin code. Area of Land
:
Sq.mts.
If not selected, mentioned intended location:
Built-up area
:
Sq.mts.
___________________________________________________ Cost of land & Building - Rs…………………..
___________________________________________________ Estimated Fair Market Value Rs……………
_____________ Pin ___________________
Bank Details
Name of the Bank………..…………..Branch
__________________ ____________________
Account Type
_______________
__________________ ____________________
_______________
Existing Loan / Liability Details
Bank/Institution Dt. of availing loan Original Amt. Of Loan Liability
Monthly Instalment
Purpose
References:
(Residing in the same city):
1.
Name of Person _______________________________________ Relationship with Applicant __________________________
Address
____________________________________________________________________________________________________
________________________________________________________________________________Tel. No.: ____________
2.
Name of Person _______________________________________ Relationship with Applicant __________________________
Address
____________________________________________________________________________________________________
________________________________________________________________________________Tel. No.: ____________
I/We declare that all the particulars and information given in the Application form are true, correct, complete and upto
date in all respects and I/We have not withheld any information. I/We confirm that I/We have had no insolvency
proceedings initiated against me/us nor have I/We ever been adjudicated insolvent. I/We have read the application form
and am/are aware of all the terms/conditions of availing finance from UTI Bank Ltd. I/We authorise the Bank to make
references and enquiries relative to information in this application which the Bank considers necessary. I/We also
authorise the Bank to exchange, share part with all information relating to my/our loan details and repayment history
information to other Banks/Financial Institutions, etc. as may be required and shall not hold the Bank liable for use of
this information. I/We undertake to inform the Bank regarding change in my/our residence / employment and to
provide any further information that the bank may require. I/We agree that my/our loan shall be governed by the rules
of the bank which may be in force from time to time. I/We understand that the Bank has the right to reject my
application without providing any reason.
Place:
Date:
Applicant's Signature _________
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
GUARANTOR’S FORM
From:_____________________
_____________________
_____________________
_____________________
To,
The Branch Head
UTI BANK LTD.
________________ Branch
Dear Sir,
Sub: Loan facilities extended / to be extended
by you to _____________________________________
I offer to stand as Guarantor for the ___________ Loan Facility extended / to be
extended
by
you
to
_______________________________________________________ and furnish the
particulars herebelow:
1.
NAME
:
Mr. / Ms. ______________________ AGE:______
2.
3.
DESIGNATION/OCCUPATION
RESIDENTIAL ADDRESS
:
:
4.
NAME & ADDRESS OF
EMPLOYER / BUSINESS
:
5.
6.
NET ANNUAL/ MONTHLY INCOME
PRESENT BANKERS AND ACCOUNT
NO.
:
:
___________________________________________
___________________________________________
______________________Tel.No._______________
Mobile No.____________ Fax _________________
Email ________________________
___________________________________________
___________________________________________
______________________Tel.No._______________
Rs.
___________________________________________
I have enclosed my salary certificate / tax returns / assessment order copies.
Place
Date
:
:
Signature of Guarantor
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
AGREEMENT FOR TERM LOAN FOR STUDY POWER
This Agreement made on this _______ day of __________ in the year 20___ between
Mr./Ms._________________________, son/wife/daughter of Mr.___________________
residing at ____________________________________ (hereinafter referred to as “the
Student”)
and
Mr._________________________
residing
at
_____________________________ (hereinafter referred to as “the Guardian”) which
expression shall include their respective legal heirs, executors and nominees of the
one part and UTI Bank Ltd., a Bank incorporated under The Companies Act, 1956
and carrying on business under the licence issued by RBI in terms of The Banking
Regulation Act, 1949 and having its registered office at ‘Sakar-1’, Ground Floor,
Opp. Gandhigram Rly. Station, Off. Ashram Road, Ahmedabad 380 009 and
corporate office at 131, Maker Towers ‘F’, 12th Floor, Cuffe Parade, Colaba, Mumbai
400 005 (hereinafter referred to as “the Bank”) of the other part.
The Bank has a scheme whereby the Bank finances a Student to acquire higher
educational qualifications. Under the said scheme the Bank finances such eligible
students to pay tuition fees, cost of books and said charges during the tenure of the
course which the Student proposes to study.
Whereas the Student _______ has approached the Bank for granting a loan under
Study Power Scheme because the Student desires and intends to carry on /
continue the higher studies at __________ (hereinafter referred to as “the
Institution”) and for that purpose has secured admission. The details of the course
are separately annexed to this agreement.
The Student is in need of financial assistance to pay his tuition fees and other
expenses which he may have to incur for completion of his studies.
The Student jointly with the Guardian has made application under the Bank’s
Study Power Scheme seeking a loan of Rs.___________ to enable the Student to meet
the expenses.
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
The Bank after scrutiny of the application has found that the Student ____________
is prima facie eligible for consideration of granting the loan under this Study Power
Scheme and the Bank has expressed its willingness to grant financial assistance by
way of loan to the extent of Rs.______ on the following terms and conditions set out
herein.
The Student and the Guardian have agreed to accept the terms and
conditions so stipulated.
Whereas the Bank has desired that the said terms and conditions be entered into in
the form of an Agreement.
NOW IT IS HEREBY AGREED AND DECLARED AS FOLLOWS:
1. The Bank agrees to grant jointly to the Student and the Guardian the loan to
the extent of Rs.____________ on such terms and conditions stipulated by the
Bank and the Student and the Guardian agrees to accept the said loan on
such terms and conditions as stipulated by the Bank. The disbursement of
such loan will be at the sole discretion of the Bank and the sanctioning of the
loan does not confer any right on the part of the Student and the Guardian to
demand any payment. The Bank reserves the right to withhold / cancel the
entire loan or part of the loan so sanctioned or so disbursed without assigning
any reason whatsoever. The decision of the Bank shall be final and will be
binding on the Student and the Guardian.
2. The disbursement of the loan in the normal case shall be as under:
i)
An amount equivalent to the entire tuition fees for the course will be paid
either in whole or in installments. However, it is made clear that the said
amount shall be paid directly to the institution where Student has secured
admission and is undergoing his or her study.
ii)
Any part of the loan set apart for the purchase of the books and study
materials necessary for the Student to continue the studies so undertaken
would be paid directly to the Student from time to time subject to the Student
producing the relevant bill receipts evidencing the purchase of the books
within a reasonable time from the disbursement of that part of the loan.
iii)
Any other amount towards any other expenses agreed to be financed by the
Bank will be paid at such time/intervals as may be decided by the Bank.
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
3. The loan amount would carry an interest rate of ______ percent per annum and
the loan would be repayable in equated monthly installments more
particularly described in the Annexure I hereto. It is agreed by and between
the Bank, the Student and the Guardian that the Bank reserves the right to
vary the rate of interest to commensurate with the changes in the Bank’s PLR
or for any other reasons which it considers just and sufficient by the Bank. In
such an event the Student and the Guardian shall be bound to repay the loan
in accordance with the payment schedule as perused by the Bank.
It is
further agreed by and between the Student and the Guardian and the Bank
that the Bank’s intimation regarding the change in the rate of interest shall be
final and binding on the Student and the Guardian.
It is agreed that the Bank reserves the right to increase the quantum of
monthly installments upon any increase in the rate of interest upon changes
of the Bank’s PLR or for that matter any other reason.
4. The Student and the Guardian undertakes to the Bank that the Student and
the Guardian shall pay the accrued interest on the outstanding amount of the
loan prior to the commencement of the first equated monthly installments.
5. The Bank reserves the right to alter the number of installments and the
quantum thereof or allow the repayment to be made in any other manner as
may be deemed fit by the Bank. However, under no circumstances, the period
of loan would extend more than 10 years unless otherwise decided by the
Bank at its sole discretion.
6. The Student and the Guardian jointly undertakes and covenants to the Bank as
under:
In consideration of the Bank granting the loan at the request of the Student
and the Guardian undertake to abide as under:
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
i)
The Student and the Guardian shall not, without the prior permission of the
Bank in writing, obtain any other loan or financial assistance for the Student
to undertake and study the course for which the Bank has financed.
ii)
The Student and the Guardian shall not without the prior permission of the
Bank obtain any other financial accommodation which would involve the
repayment by the Student from his salary so as to hinder the payment to the
financial assistance availed from the Bank. The Student and the Guardian
agrees that if any such loan or financial assistance has already been availed
by the Student either prior to the sanction of the Study Power Loans or
subsequently, the Student or Guardian shall immediately notify the Bank
about the same. The Bank in such an event reserves the right to review its
decision to grant the loan or not. If the loan has already been sanctioned, the
Bank reserves the right to suspend or cancel and or recall the said loan.
iii)
The Student and the Guardian agrees that in case if the Student has to leave
the course for any reason attributable to his default, negligence, misbehavior
or otherwise or by an act of God or due to unforeseen circumstances or and
becomes incapacitated to continue the studies, the entire outstanding of the
loan together with the interest and other monies due shall be repaid by the
Guardian and the Student as the case may be immediately, upon demand by
the Bank.
iv)
The Student should inform the Bank if he/she wishes to take up a job during
the course of his/her studies and produce a certificate from the Institution
that such employment would not interfere with his/her studies.
Full
particulars about the nature of the employment, the working hours, salary
and other relevant matters should be advised to the Bank immediately. Upon
receiving such intimation, the Bank may consider whether to continue the
loan arrangement and, if so, to what extent thereof.
v)
Should there be any change in the Guardina’s/Student’s financial condition
from what was stated in his application to the Bank for financial assistance,
which is likely to affect the Bank’s decision to continue the finance, the same
shall be notified to the Bank and thereupon the Bank may consider whether
to continue the loan arrangement and, if so, to what extent thereof. For this
purpose, the Guardian agrees to furnish the copy of the income-tax returns
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
filed every year to the Bank and or such other documents as may be insisted
by the Bank.
vi)
The Student shall not enter into any pecuniary obligation or financial liability
during the currency of the loan without the prior permission of the Bank. The
Bank reserves the right to directly interact with the Institution and obtain
details about the progress of the Student in his studies including his
character and behavior.
vii)
The Student shall not, without the prior consent of the Bank, change the
course of his/her studies, place of study or the Institution as stated in his/her
application. In such an event the Bank reserves the right to withdraw the
sanction and demand the payment.
viii) The Student shall, during the currency of the loan, keep the Bank informed
from time to time, of any change of address on account of his/her being on
vacation, study leave, study tour or his/her being required to stay away from
the station.
ix)
After completion of the course of his/her studies, it will be the responsibility of
the Student to secure gainful employment and immediately upon securing
such employment inform the Bank giving full particulars of such employment
and the income therefrom. After securing the employment, the Bank expects
the Student to intimate the employer about the financial liability incurred by
the Student for his/her studies from the Bank and may request the said
employer to take note of the interest of the Bank. The Bank reserves the right
to directly interact with the said employer and demand the payment.
x)
In case the Student has undertaken higher studies in India and intends to go
abroad for further studies or for taking up a job, he/she shall intimate to the
Bank immediately and thereupon the Bank may decide whether the loan has
to be repaid in full before the Student leaves the country or whether to allow
the loan to be continued on revised terms and conditions.
xi)
In the normal course the Student is not expected to prepay the loan.
However, if the Student or the Guardian intends to prepay the loan, the Bank
reserves its right to levy such charges by way of prepayment premium as may
be needed for accepting the prepayment.
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
7. The Jurisdiction regarding any disputes or differences arising out of this
Agreement shall be at Mumbai only and only courts in Mumbai shall have the
jurisdiction to entertain any case against or by the Bank.
8. It is agreed by the Student and the Guardian that they have read and
understood the entire terms and conditions as stipulated therein and they are
affixing their respective signatures in this Agreement voluntarily and after
understanding the implications thereon.
IN WITNESS WHEREOF the parties hereto mentioned have affixed their hand and
seal on the day and date mentioned hereinabove.
Signature of the Guardian
Signature of the Student
(in case the Student is minor, the Agreement is to be signed by the Guardian on his
own behalf and also on behalf of the Student)
SIGNED SEALED AND DELIVERED
by UTI BANK LTD.
represented by its Branch Manager
___________________________
Witness :
1.
2.
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
STUDY POWER (EDUCATION LOAN OF UTI BANK)
GUARANTEE AGREEMENT
This indenture made this _________________ day of ____________ 20_____ by (1) Mr./Ms.
_______________________
residing
at
____________________________________
___________________________________________________________________________ and
(2) Mr./Ms. ________________________ residing at ____________________________
___________________________________________________________________________
(hereinafter referred to as “the Guarantor(s) which expression shall unless excluded by or
repugnant to the context be deemed to include his/her/their heirs, executors, administrators and
assigns)
AND
Mr./Ms. _______________________________ son/wife/daughter of Mr. ________________
_________________ residing at _________________________________________________
_________________________________________ (hereinafter referred to as “the Student”) and
Mr./Ms.
____________________________
residing
at
___________________________
___________________________________________________________________________
(hereinafter referred to as “the Guardian”) (the Student and the Guardian being hereinafter
referred to as “the Borrower” which expression shall unless excluded by or repugnant to the
context be deemed to include them jointly and severally and their respective heirs, executors,
administrators and assigns) in favour of UTI Bank Ltd., a bank constituted under the Banking
Regulations Act, having it Registered Office at Sakar 1, opp. Gandhigram Rly Station, off
Ashram Road, Ahmedabad – 380009 (hereinafter referred to as “the Bank” which expression
shall unless excluded by or repugnant to the context be deemed to include its successors and
assigns).
WHEREAS the Borrowers and the Guarantor(s) jointly requested the Bank to grant an advance of
Rs. ________ by way of loan to the Borrower to enable the Student to pay tuition fees, cost of
books and maintenance charge etc. during the period the Student prosecutes studies at
____________________________ (hereinafter referred to as “the Institution”) for the course of
______________________
AND WHEREAS the Bank at the aforesaid request of the Borrower and the Guarantor(s) agreed
to grant a loan of Rs. ________________ as aforesaid upon the Guarantor(s) guaranteeing
payment of the said sum of Rs. ____________ granted as aforesaid, but not exceeding in the
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
aggregate the sum of Rs. ______________ (hereinafter referred to as “the principal sum”) and
interest costs, charges and expenses in relation thereto in the manner hereafter appearing.
NOW THIS INDENTURE WITNESSETH and it is hereby covenanted and agreed as follows:
If at any time default shall be made by the Borrower in the payment on demand of the principal
sum or part thereof or interest costs, charges, expenses and/or any other moneys for the time
being due to the Bank under or in respect of the amount of the loan advanced as aforesaid the
Guarantor(s) will on demand pay to the Bank the principal sum or part thereof or interest costs,
charges, expenses and other moneys as shall be then due to the Bank as aforesaid and will
indemnify and keep indemnified the Bank against all loss of principal, interest or other moneys
due as aforesaid and all costs, charges and expenses whatsoever the Bank may incur by reason of
any default on the part of the Borrower.
2. The Bank shall have the fullest liberty without affecting this guarantee to postpone for any
time or from time to time to enforce or forbear to enforce any remedies or securities available
to the Bank and the Guarantor(s) shall not be released by any exercise by the Bank of its
liberty with reference to the matter aforesaid or any of them or by reason of time being given
to the Borrower or any other forbearance act or omission on the part of the Bank or any other
indulgence by the Bank to the Borrower or by any other matter or thing whatsoever which
under the law relating to sureties would but for this provision have the effect of so releasing
the Guarantor(s).
3. In case the said advance is further intended to be secured by the assignment to the Bank of
the Life Insurance Policy covering the life of the Student or by pledge of any moveable or
immovable security for a part or the entire amount of the loan, in favour of the Bank, the
Guarantor(s) agree(s) that no failure in acquiring or obtaining such security shall have the
effect of releasing the Guarantor(s).
4. The guarantee herein contained shall be enforceable against the Guarantor(s) notwithstanding
that the securities or any of them or any other collateral securities that the Bank may have
obtained or may obtain from the Borrower shall at the time when court proceedings are taken
against the Guarantor(s) hereunder be outstanding or unrealised.
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
5. The Bank shall be at liberty to take in addition to the subsisting securities any other securities
for the said advance or any part thereof and to release or forbear to enforce all or any of its
remedies upon or under such securities any other collateral security or securities now held by
the Bank and that no such release or forbearance as aforesaid shall have the effect of
releasing the Guarantor(s) from his/her/their liability or of prejudicing the Bank’s rights and
remedies against the Guarantor(s) under this agreement and the Guarantor(s) shall have no
right to the benefit of any other security that may be held by the Bank until the claim of the
Bank against the Borrower in respect of the said advance and of all (if any) other claims of
the Bank against the Borrower on any other account whatsoever shall have been fully
satisfied and in so far only as such security shall not have been exhausted for the purpose of
realising the amount of the Bank’s claims and only with other persons (if any) entitled to the
benefit of such securities respectively.
6. In order to give effect to the guarantee herein contained the Bank shall be entitled to act as if
the Guarantor(s) was the principal debtor to the Bank for all payments guaranteed by
him/her/them as aforesaid to the Bank.
7. The guarantee herein contained is a continuing one for all amounts due to the Bank by the
Borrower under or in respect of the aforesaid advance granted as aforesaid as also for all
interest costs and other moneys which may from time to time become due and remain unpaid
to the Bank hereunder.
8. The guarantee shall be irrevocable and enforceable against the Guarantor(s) notwithstanding
any dispute between the Bank and the Borrower.
9. The guarantee herein contained shall be enforceable against the Guarantor(s) notwithstanding
the Student at any time leaving the Institution and/or giving up the studies for the course of
___________________ or changing the said course to some other course.
10. The Guarantor(s) hereby agree(s) and undertake(s) forthwith on demand made by the Bank to
deposit with the Bank such sum or security or further sum or security as the Bank may from
time to time specify for the due fulfillment of his/her/their obligation under the guarantee and
any security so deposited with the Bank may be sold by the Bank after giving to the
Guarantor(s) a reasonable notice of sale and the said sum or the proceeds of the sale of the
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
securities may be appropriated by the Bank in or towards satisfaction of the said obligations
and any liability arising out of non-fulfillment thereof by the Guarantor(s).
11. It is hereby agreed by the Guarantor(s) that notwithstanding any variations made in the terms
of the aforesaid arrangements of any composition between the Bank and the Borrower or any
promise given by the Bank to the Borrower to give time to or not to sue or the Bank parting
with any of the securities given by the Borrower, the Guarantor(s) shall not be released or
discharged of his/her/their obligations under this guarantee and in the event of such variation,
composition, promise or parting with security the Guarantor(s) shall be deemed to have
consented to the same.
12. In the event of the death of the Guarantor(s) during the subsistence of the liability of the
Borrower to the Bank as aforesaid the Borrower shall offer such other person or persons as
the Bank may deem proper as Guarantor or Guarantors in the place of the deceased
Guarantor(s) and if the Bank agrees to accept the guarantee of such a person or persons the
said new guarantor or guarantors shall execute a fresh deed of guarantee in favour of the
Bank and such deed shall be in such form as the Bank may require AND until such new deed
of guarantee is executed and registered, the liability of the Guarantor(s) herein will remain
unaffected and unimpaired. PROVIDED however, that the execution of the fresh deed of
guarantee as aforesaid shall not affect any liability of the Guarantor(s) for payment of the
principal sum, interest and other moneys payable as aforesaid and which have already
become due and payable by the Borrower to the Bank at the date of fresh execution of
guarantee but have not been paid in full.
IN WITNESS WHEREOF the Guarantor(s) and the Borrower have hereunto set their respective
hands the day and year first above written.
SIGNED by the above named Guarantor(s)
Mr./Ms. ____________________________________________________________________
Mr./Ms. ____________________________________________________________________
In the presence of:
1._________________________________ 2.______________________________________
SIGNED by the above named Guardian
(for self and on behalf of the Student)
Mr. ________________________________________________________________________
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
In the presence of:
1._________________________________ 2.______________________________________
SIGNED by the above named Student
(only if Student is a major)
Mr./Ms. ____________________________________________________________________
In the presence of:
1._________________________________ 2.______________________________________
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com
UTI BANK – EDUCATIONAL LOAN SCHEME FOR STUDENTS OF AMITY
GUARANTOR’S FORM
From:_____________________
_____________________
_____________________
_____________________
To,
The Branch Head
UTI BANK LTD.
________________ Branch
Dear Sir,
Sub: Loan facilities extended / to be extended
by you to _____________________________________
I offer to stand as Guarantor for the ___________ Loan Facility extended / to be
extended
by
you
to
_______________________________________________________ and furnish the
particulars herebelow:
1.
NAME
:
Mr. / Ms. ______________________ AGE:______
2.
3.
DESIGNATION/OCCUPATION
RESIDENTIAL ADDRESS
:
:
4.
NAME & ADDRESS OF
EMPLOYER / BUSINESS
:
5.
6.
NET ANNUAL/ MONTHLY INCOME
PRESENT BANKERS AND ACCOUNT
NO.
:
:
___________________________________________
___________________________________________
______________________Tel.No._______________
Mobile No.____________ Fax _________________
Email ________________________
___________________________________________
___________________________________________
______________________Tel.No._______________
Rs.
___________________________________________
I have enclosed my salary certificate / tax returns / assessment order copies.
Place
Date
:
:
Signature of Guarantor
PLEASE FEEL FREE TO CONTACT MR. MILAN/ MR. VIVEK/ MR. GUPTA, AT :
E-64, GK I, NEW DELHI-48. TEL 2643-1800/ 1300; 26230490/50. WEBSITE – utibank.com