Personal SSB Loan Application Form

[Please complete the application form below]

1. I understand that the TATU Capital may review my loan facility periodically and that at any time, by notice to me at the residential address given, suspend my loan facility and/or require my immediate settlement of all amounts outstanding to my loan and overdrawn current account, inclusive of all accrued interest.
2. In the event that TATU Capital incurs any legal expenses in recovering the amount due to it under this loan facility, TATU Capital shall be entitled to recover such legal costs from me on a legal practitioner and client basis, together with any collection charges which may be levied by its legal practitioners. I give TATU Capital authority to set-off the outstanding loan balance and accrued interest, against any credit balances that may be sitting in any other accounts held with TATU Capital.
3. I understand that I must not exceed the loan and/or overdraft limit agreed by TATU Capital.
4. I authorise TATU Capital to immediately deduct arrangement fees, charged at 2.5% on the gross amount I would have borrowed.
5. I authorise TATU Capital to immediately deduct 1.05% of the gross loan amount towards insurance. I understand that TATU Capital will take out an insurance, which is binding on me and which I may examine at the TATU Capital’s Head Office on request.
6. I choose domicilium citandi et executandi at the residential address shown above and hereby submit myself to jurisdiction of the courts of Zimbabwe in any dispute arising from this document, notwithstanding that, at the time of proceedings are commenced, I am domiciled outside Zimbabwe.
7. In the event of any default by me, including failure to make an instalment due on time, TATU Capital shall be entitled without notice, to demand immediate payment of sums required to cover my existing and contingent liability to TATU Capital whether or not such are immediately due and payable and in addition to decline me further facilities.
8. I understand that TATU Capital will charge interest on the outstanding debt balance on my loan calculated at 10% per month and that the said interest will accrue on a daily basis.
9. Any sums which remain unpaid beyond the agreed dates of payment or any outstanding sums which have become immediately due by virtue of demand by TATU Capital shall be subject to penalty interest of 15% per month. The said penalty interest rate is subject to change as advised by TATU Capital in writing from time to time.
10. I agree that TATU Capital may collect, use and disclose their credit data as provided in agreement and/or obtained by TATU Capital in accordance with the Access to Information and Protection of Privacy Act (10:27).