PAGE 1: MASTER LOAN REPAYMENT & STORE LIEN TERMS
1. Repayment Undertaking: The borrower/applicant covenants to pay monthly EMI installments on or before the due date specified in the loan schedule generated by NEW MOBILE BAZAR Store.
2. Late Penalty Charges: Non-payment of any installment by the due date shall automatically incur a late payment penalty of ₹280 per monthly cycle.
3. Store Security Lien & Remote Lock Rights: Until 100% of the loan amount, interest, and any applicable charges are cleared, NEW MOBILE BAZAR retains absolute security lien over the financed smartphone device. In the event of default exceeding 15 days, NEW MOBILE BAZAR reserves the right to issue remote security notifications and lock the device.
PAGE 2: EXPRESS CIBIL REPORTING, CREDIT DISPUTE & LEGAL RECOVERY AUTHORIZATION
1. Credit Bureau Authorization: The applicant explicitly authorizes NEW MOBILE BAZAR Management (CEO & Founder Mufakkarul Hossain & Co-Founder & Partner Hasanujjaman Hossain) to submit all loan repayment behavior, defaults, and payment records to official Credit Information Companies including TransUnion CIBIL, Equifax, Experian, and CRIF High Mark.
2. CIBIL Defaulter & Dispute Filing: In the event of willful non-payment or default, NEW MOBILE BAZAR reserves the full, unconditioned legal right to report the borrower as a "DEFAULTER", initiate credit rating downgrades, and lodge formal bureau disputes which will restrict the borrower from acquiring future bank loans, credit cards, or financial products across India.
3. Criminal & Civil Proceedings: NEW MOBILE BAZAR Management reserves all legal rights to institute criminal proceedings under Section 420 & 415 of the Indian Penal Code (IPC), proceedings under Section 138 of the Negotiable Instruments Act for cheque bounce, and Section 25 of the Payment and Settlement Systems Act (PSSA) for NACH/UPI bounce. All legal disputes shall be subject exclusively to the jurisdiction of the competent courts in Murshidabad, West Bengal.
PAGE 3: KYC AUTHENTICITY & SELF-DECLARATION UNDERTAKING
1. Declaration of Truthfulness: The applicant hereby declares under penalty of perjury that all personal information, address details, contact numbers, and uploaded digital KYC documents — including Live Selfie Photo, Aadhaar Card, Voter ID Card, PAN Card, and 6 Months Bank Account Statement — are 100% genuine, true, unaltered, and belong strictly to the applicant.
2. Identity Verification & Consent: The applicant consents to NEW MOBILE BAZAR conducting identity verification, address cross-verification, and contacting the provided emergency/guarantor contact number in connection with loan processing and recovery.
3. Binding Agreement: By checking the declaration box on the application form, the applicant confirms having read and agreed to all 3 Pages of this Agreement and accepts it as a legally binding electronic contract.