MICROFINANCE LOAN APPLICATION AND AGREEMENT FORM

MICROFINANCE LOAN APPLICATION AND AGREEMENT FORM
ABCEasy Loans (Private) Limited trading as BancEasy a registered microfinance institution established and existing under the laws of Zimbabwe and having its registered corporate office at Shop 7, Zimre Centre, Leopold Takawira, Harare(hereinafter referred to as 'THE LENDER' which expression, unless repugnant to the context or meaning here of, shall include its successor(s), administrator(s) or permitted assignee(s
AND
Applicant Name
, in his/her capacity as the Borrower whose details are as follows;
Name
First NameSurname
Gender
Other
Female
Date of Birth
MonthDayYear
Date
Maiden Surname
Country of Birth
Number of Dependants
National ID No
No - residing in another country
No residing in another country
Current citizenship
Email Address
example@example.com
Mobile Number
Format: (000) 000-0000.
Home Telephone No
Format: (000) 000-0000.
Passport Number
Passport Expiry Date
MonthDayYear
Date
Passport Issuer Country
Bank Name
Account Name
Branch Name
Account No
Bank Branch Code
Account Type
ADDRESS DETAILS
House Number
House Number
Street Name
Street Name
Town or City
Town or City
Country
Country
Years at current residental address
Years at previous residental address
Postal Physical Address
Name of Employer
Employer Tel No
District and Payroll Area Code
Employee Number
Profession
Date Joined
MonthDayYear
Date
Expiry of Employment
3. Confirmation of Employment and Proof of Residence
atlasmara
MICROFINANCE LOAN APPLICATION AND AGREEMENT FORM
Net Salary as per Pay Slip (current)
Years at current employer
Years at previous employer
Street Name
Same as physical address
Town or City
Town or City
Country
Country
NEXT OF KIN DETAILS ( REFERENCE PERSONAL DETAILS)
Other
First Name
Relationship
Surname
Employer
Maiden Surname
Profession
National ID No
Work Tel No
Date of Birth
MonthDayYear
Date
Mobile No
Format: (000) 000-0000.
Street Name
Town or City
Country
NEXT OF KIN DETAILS ( REFERENCE PERSONAL DETAILS)
Other
First Name
Relationship
Surname
Employer
Maiden Surname
Profession
National ID No
Work Tel No
Date of Birth
MonthDayYear
Date
Mobile No
Format: (000) 000-0000.
Street Name
Town or City
Country
MICROFINANCE LOAN APPLICATION AND AGREEMENT FORM
The Loan details shall be as follows;
Personal Loan
Purpose of Loan
Existing Loan Amount
New Loan Amount Applied For
50% of Salary
Approved Loan Amount
Loan Insurance Fees ( once off upfront payment of 3% of Loan Amount)
Loan Application Fees (once off upfront charge US$200)
Arrangement Fees (once off upfront charge of 2.5% of Loan Amount)
Total Cash Disbursed Less Upfront Fees
Interest Rate
15% per month (180% per annum)
Loan Period (Number of Instalments)
Repayment per month (Including service fees of 0.25% of Loan Amount)
I/Borrower a)warrant that information furnished is true and correct and undertake to inform BancEASY of any changes thereto as well as any facts or circumstances in future that may impact my legal status as a Borrower of BancEASY;
b) indemnify BancEASY against any liability for any loss or damage suffered by me as a result of inaccurate or incomplete information contained herein;
agree to the terms and condition governing the Facility and agree to abide by them and such other rules which may come into force from time to time;
d) authorise BancEASY to make any independent information verification and generally make whatever enquiries it deems necessary from any source whatsoever and may supply information regarding the Facility and my compliance to otherwise with the terms and conditions of BancEASY, to other banks or any Credit Bureau, subject to any applicable legislation, Code of Conduct or Practice; understandthat in the event of any information proving to be inaccurate, BancEASY reserves the right to decline this application without disclosing the reasons thereof; e)
f) acknowledge and declare that all information I have provided in this Agreement, and all documentation provided in support of my application, is true and correct; and I havenot provided any false, inaccurate, fictituous and/or invalid information in this Agreement, nor have I forged any documents provided to BancEASY in support of this application; andacknowledge that notwithstanding a change in the currency or legal tender in use in Zimbabwe, the loan shall be repayable in the currency in g)understand,consent which it was loaned, specifically United States Dollars (USD); acknowledge and agree that a certificate under the hand of any director of BancEASY as to the existence and the amounts of the indebtedness of the Borrower to h)hereby BancEASYat any time, as to the fact that such amount is due and payable, the amount and interest accrued thereon and as to any other fact, matter or thing relating to theindebtedness of the Borrower to BancEASY, shall be prima facie proof of the contents and correctness thereof and of the amounts of the Borrower's indebtedness for the purpose of provisional sentence or summary judgment or any other proceedings against the Borrower in any competent court, and shall be valid as a liquid document for such purposes. Such a certificate shall be deemed to be of sufficient particularity for the purpose of pleading or trial in any action or other proceedings instituted by BancEASY against the Borrower;
i)confirm that I have not taken out credit life insurance cover, and hereby consent and agree to be covered by the insurance cover that BancEASY takes out with hereby the Insurance Company of its choosing. In the event that I do have credit life insurance cover at the time of signing this Agreement, I undertake to furnish BancEASY withtheof fullparticularsthis insurance cover(name of insurer, type of insurance, commencement date, premiums payable); and further undertake to ensure that as part of my obligations under this Agreement, I cede my rights in terms of this existing insurance cover to BancEASY and assist BancEASY in liaising with my insurance company for the purposes of noting BancEASY's cession and interest on this insurance policy;
by appending my signature hereto undertake that I agree to the terms and conditions contained in this Agreement, of which I have read and understood the meaning thereof;
Early Loan Contract Termination Fees The Borrower has the option to pay up the loan earlier than the maturity date.
allasmara
MICROFINANCE LOAN APPLICATION AND AGREEMENT FORM
IMPORTANT NOTICE
1BancEASY is a registered Microfinance Insitution which is separate from African Banking of Zimbabwe Limited ("BancABC" For any queries or complaints, kindly direct them to BancEASY officials.
2 The terms and conditions highlighted on the Agreement form can be explained in the Borrower's local language/ language of preference upon request oftheBorrower.
BancEASY reserves the right to decrease the instalment amount and increase the tenor or number of instalments of the loan (rescheduling) to ensure loan performance.
4 An applicant who misrepresents on his/her capacity to repay this loan or provides any false, inaccurate, fictitious, and/or invalid information contained herein shall be deemed as having committed fraud ,which is a criminal offence as provided in terms of Section 136 of the Criminal Law (Codification and Reform) Act [Chapter 9:23], and shall be prosecuted accordingly.
5 Subject to the laws of Zimbabwe, the Borrower voluntarily, without any force or coercion cedes his rights over his terminal benefits and/or severance package to BancEASY to the extent of any amounts owing on this loan and authorises BancEASY to be a preferred creditor over the disbursement of his terminal benefits and/or severance package upon his death, resignation and/or termination of his employment contract with his employer.
6 A fee equivalent to 1 month's instalment will be charged on loan cancellation.
Full Name of Borrower
Name
Place of Signature
Clear
Place of Signaure
Signature
Clear
Signature
Clear
Date
MonthDayYear
Date
Date
MonthDayYear
Date
Should be Empty:

MICROFINANCE LOAN APPLICATION AND AGREEMENT FORM

AND

atlasmara

MICROFINANCE LOAN APPLICATION AND AGREEMENT FORM

MICROFINANCE LOAN APPLICATION AND AGREEMENT FORM

allasmara

MICROFINANCE LOAN APPLICATION AND AGREEMENT FORM

IMPORTANT NOTICE