Client number : 1021 --- Loan number : 3232

LOAN AGREEMENT
NOLWAZI FINANCIAL SERVICES NCR Reg No :
[The Lender]

Telephone: (___)___-____ Fax: ] Email address:

SURNAME Mr. / Mrs. / Ms.: BALOYI FIRST NAMES : TINYIKO [The Borrower]
IDNUMBER : 8310060780082 TEL No : 0727608265 E-mail address :
ADDRESS: The Borrower nominates the following address for purposes of mail of any nature, including legal notices and court orders, to be sent: BRENTWOOD PARK 198 KEMPTON PARK TEMBISA 1509
If the above address of the Borrower changes, then the Borrower must notify the Lender of the new address in writing by hand or registered mail to the address of the Lender within 10 business days fromchange.
1. CONDITIONS OF LOAN
1.1 Loan Amount R 500.00 1.2 Number of Instalments 1 1.3 Instalment Amount R 675.00
1.4 Instalments Payable MONTHLY 1.5 Date First Instalment Payable 24/05/2023 1.6 Date Last Instalment Payable 24/05/2023
2. COST ELEMENTS OF LOAN
2.1 Amount of Interest Charged R 16.93
2.2 Initiation Fee R 73.07
2.3 Total Monthly Service Fee R 60.00
2.4 Value Added Tax on Initiation Fee and Total Monthly Service Fee R 0.00
RAND VALUE OF TOTAL CHARGE OF CREDIT 2.1 to 2.4 R 175,00
Interest Rate of Small Loan 5.00%
3. TOTAL AMOUNT REPAYABLE 1.1 +2.5 R 675.00
4. Early Settlement: The Borrower may settle this agreement at any time in terms of section 125 of the National Credit Act, 34 of 2005 [Hereafter refered to as "the Act'] by paying the unpaid balance of the loan amount and unpaid
interest charges and all other fees and charges up to the date of Settlement.
5. Proposed Loan Agreement: This document serves as a proposed loan agreement and quotation and the Borrower has the right to delay signing this agreement by 5 days, to consider the proposed loan agreement and if the
Borrower elects to enter into this agreement with the Lender, the agreement should be concluded at or below the interest rate and costs initially quoted. The Borrower has the right to enter into this loan agreement at any stage prior
to the lapse of the five (5) business day period.
6. Interest Rate: The interest rates for small and unsecured micro-loans are calculated in arrears on the outstanding capital at a fixed rate as per Table A of Regulation 42 of the Act. A change to the interest rate of small micro-loans is
preceded by a notice by the Minister of Trade Industry in a Government Gazette and a change to the interest rate of unsecured loans is a factor of any change in the repurchase rate fromtime to time by the South African Reserve Bank.
Should a change of interest rate occur as contemplated above that effect this agreement, the Borrower will be given (5) business days written notice of such change before the change is implemented.
7. Settlement of Loan: The Borrower is hereby notified and agrees that this loan will be settled by making charges against the bank account specified hereunder in terms of section 124(2) of the Act. The details of the charges are set
out in the conditions of this loan which is part of this agreement:
Name of Bank Account:T BALOYI Bank:ABSA
Account Number:9378867838 Branch Code:632005
Deduction Amount: As per clause 1.3 of this agreement. Date(s) of Deductions: On or after the dates specified in clauses 1.5 & 1.6 of this agreement.
8. Penalty Clause: In the event of default for whatever reason penalty interest and penalty service fee on repayments in arrears will be charged at the same interest rate and servce fee rate set for this agreement. All attorney's or
registered debt collectors costs will also be recovered fromthe Borrower on the attorney and client scale or on the official tarrifs applicable to registered debt collectors, as the case may be.
9. Lender's right to terminate agreement: The Lender reserves the right in terms of section 123 of the Act to terminate this agreement with the Borrower if the Borrower defaults with any of the agreed repayements in terms of this
agreement and proceed with legal proceedings in terms of section 129(1)(b) and section 130(1) of the Act which may result in a Court of Law enforceing the repayment of the Borrower's outstanding obligations in terms of this
agreement and the court judgement recorded by credit bureux available to other credit providers.
10. Document provided and available: A copy of this signed Loan agreement is provided to the Borrower free of charge. A copy of the Act and Regulations is available to the Borrower to peruse the sections of the Act stated in
this agreement and others on the premises of the Lender.
11. Conditions, Rights and Obligations: The Borrower and Lender agree that their rights and obligations under this agreement are limited to the conditions and clauses of this agreement as well as the conditions and requirements
set in the Act.
12. Account Statements: The Lender will provide an account statement free of charge to the Borrower at the end of every third month during the termof a loan agreement. Account statements during intermediate months will be
provided on request at a cost of R3.50 per page.
13. Administration Order: The Borrower declares that he / she is presently not under administration, has no intention of being placed under administration and agrees that he / she will not attempt to be placed under
administration prior to discussing his / her financial situation with the Lender. The Borrower consents that in the event of being placed under administration on a date after the approval of this laon, that all payments still due to the
Lender after granting of the administration order ["Future Payments"] shall fall within the ambit Section 74A(2) (e)(ii) of the Magistrates Court Act and therefore excluded in terms of Section 74C (2) of the said Act and the Lender
shall therefore be entitled to recover all moneys still outstanding of this loan by means of legal action.
14. Debt review/re-arrangement: The Borrower declares that at the signing of this agreement he/she has not applied for debt review to a debt councellor in terms of section 86(1) of the Act or a competent court in terms of section
86(9) of the Act; and/or is not under debt re-arrangement in terms of section 86(8)(a) or section 87(1)(b)(ii) of the Act.
15. Dispute Resolution: The Borrower agrees that in the event of any dispute or uncertainty he / she will discuss the matter with the Lender as a first step to resolve the issue. If the matter is not resolved to his / her satisfaction, the
Borrower will submit his / her issue in writing to the Lender and if the dispute is not resolved thereafter to be at liberty to take up the matter with the National Credit Regulatory at toll share number 0860 627 627.

CONDITIONS ACCEPTEDBYBORROWER
Signed at on 08/05/2023

_____________________________________ _____________________________________
BORROWER WITNESS
CONDITIONS ACCEPTEDBYLENDER
Signed at on 08/05/2023

_____________________________________ _____________________________________
LENDER WITNESS