PremierCredit Zimbabwe hereinafter referred to as THE Lender' and the applicant, in his/her capacity as The Borrower'

DECLARATION AND ACCEPTANCE OF TERMS AND CONDITIONS
I, the Borrower
a) Warrant that the information furnished is true and correct, and undertake to inform PremierCredit of any changes thereto as well as any facts or circumstances in future that may impact my legal status as a Borrower of PremierCredit;
b) Indemnify PremierCredit against any liability for any loss or damage suffered by me as a result of inaccurate or incomplete information contained herein;
c) 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 PremierCredit 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 PremierCredit, to other banks or any Credit Bureau, subject to any applicable legislation, Code of Conduct or Practice;
e) Understand that in the event of any information proving to be inaccurate, PremierCredit reserves the right to decline this application without disclosing the reasons thereof;
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 have not provided any false, inaccurate, fictitious and/or invalid information in this Agreement, nor have I forged any documents provided to PremierCredit in support of this application;
g) Understand, consent and acknowledge that notwithstanding a change in the currency or legal tender in use in Zimbabwe, the loan shall be repayable in the currency in which it was loaned;
h) Hereby acknowledge and agree that a certificate under the hand of any director of PremierCredit as to the existence and the amounts of the indebtedness of the Borrower to PremierCredit at 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 the indebtedness of the Borrower to PremierCredit, 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 PremierCredit against the Borrower;
i) Hereby confirm that I have not taken out credit life insurance cover, and hereby consent and agree to be covered by the insurance cover that PremierCredit takes out with 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 PremierCredit with the full particulars of this 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 PremierCredit and assist PremierCredit in liaising with my insurance company for the purposes of noting PremierCredit's cession and interest on this insurance policy;
j) 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;
k) In the event the borrower applies for an early settlement/maturity of the loan, the borrower shall pay an early maturity penalty equivalent to one month instalment.
l) In the event of a default, I the borrower agree that the whole outstanding balance together interest thereon shall immediately become due and recoverable. I shall also be liable for any interest and/or penalty of 6% outstanding sums together with all costs incurred by PremierCredit Zimbabwe (Pvt) Ltd in enforcing this agreement.

IMPORTANT NOTICE
a) The terms and conditions highlighted on the Agreement form can be explained in the Borrower's local language/ language of preference upon request of the Borrower.
b) PremierCredit reserves the right to decrease the instalment amount and increase the tenure or number of instalments of the loan (rescheduling) to ensure loan performance.
c) 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 dealt with according to the law.
d) 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 PremierCredit to the extent of any amounts
owing on this loan and authorises PremierCredit 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.
e) A fee equivalent to 1 month's instalment will be charged on loan cancellation.
f) The monthly repayment amount should not exceed 50% of the borrower’s net salary

I acknowledge receipt of facility and confirm that have read, understood and accept the loan under the terms, conditions and warranties as stated therein and authorise PremierCredit to deduct funds from my monthly salary earnings for the purpose of fulfilling my repayments. I further understand this is an irrevocable instruction and cannot be cancelled by be until all obligations have been fulfilled. In the event of my employer not being able to deduct any of the stated amounts in relation to this form, I shall consider the amounts unpaid and if due, I will undertake to pay the funds to PremierCredit.I further acknowledge and undertake that PremierCredit will receive all payments in terms of this request without prejudice to rights for recovery of amounts owed, and shall regard the receipt of this form by PremierCredit as receipt of the same by my employer. In the event of my death or retirement, resignation or termination, any accrued benefits, dues, gratuities, reimbursement, or any amount payable by the employer shall be paid to PremierCredit to settle the outstanding balance of the loan.