Instant Loan Application

 

Instat Loan Application Form

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APPLICANT MUST MEET THE FOLLOWING REQUIREMENTS

  1. The applicant must complete the loan application form in full and any incomplete form will not be considered.
  2. The total loan granted shall not exceed 30% of savings and is repayable in a period of maximum 6 months.
  3. The rate of interest shall be 3% per month at fixed rate.
  4. Member’s account must be active for the last 6 months.
  5. Insurance fee must be paid upfront.
  6. Facilitation fee of 2% will be deducted from the loan.
  7. One should not be a defaulter to any other granted loan.

Terms and conditions apply

1. The applicant must complete the loan application form in full

Applicant’s full name

DECLARATION BY APPLICANT.

1. I hereby declare that the particulars and details hereof are true to the best of my knowledge and belief. I agree to abide by the Society’s Bye-Law, Loan Policy and any other variation by
2. Management/Credit Committee’s instructions in respect of the loan.
3. I authorise the Society to access and query my credit information from any of the
licensed CRB’s and use any information related to me for evaluating the credit application. The Society may also share such information with credit rating or reference agencies. I authorise The Society to use any information that the Society may obtain about me for such purposes as The Society deems appropriate. The Society may disclose information about me to debt recovering agencies, Credit Reference Bureaus, investigation agencies and law firms with a view to recovering any debt due to The Society from myself, at the full expense of my account. This consent shall not be withdrawn during the period in which I have an outstanding balance.
4. I pledge to notify the society in writing any change of address and/or personal particulars that are likely to affect the loan repayment process

Declaration by Applicant

  1. I hereby declare that the particulars and details hereof are true to the best of my knowledge and belief. I agree to abide by the Society’s Bye-Law, Loan Policy and any other variation by

  2. Management/Credit Committee’s instructions in respect of the loan.

  3. I authorise the Society to access and query my credit information from any of the
    licensed CRB’s and use any information related to me for evaluating the credit application. The Society may also share such information with credit rating or reference agencies. I authorise The Society to use any information that the Society may obtain about me for such purposes as The Society deems appropriate. The Society may disclose information about me to debt recovering agencies, Credit Reference Bureaus, investigation agencies and law firms with a view to recovering any debt due to The Society from myself, at the full expense of my account. This consent shall not be withdrawn during the period in which I have an outstanding balance.

  4. I pledge to notify the society in writing any change of address and/or personal particulars that are likely to affect the loan repayment process
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Attesting witness (Name)
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