Salary Loan Advance

Loan Application/Agreement

BVN

SELECT LOAN TYPE

NEW LOAN TOP UP LOAN

PERSONAL INFORMATION

CUSTOMER NAME (Surname)

(First Name)

(Middle Name)

GENDER

MALE FEMALE

DATE OF BIRTH

PHONE NO

ALTERNATIVE PHONE NO

MARITAL STATUS

MARRIED SINGLE WIDOWED DIVORCED

IF MARRIED, NAME OF SPOUSE

PLACE OF BIRTH

STATE OF ORIGIN

L.G.A

HOME TOWN

HOME ADDRESS

BUILDING DESCRIPTION

ROUTE DESCRIPTION

EMPLOYMENT INFORMATION

ORGANIZATION

ORGANIZATION ADDRESS

EMPLOYEE NO

EMPLOYMENT DATE

EMPLOYEE IPPIS

RETIREMENT DATE

MEANS OF IDENTIFICATION

UPLOAD WORK ID CARD

NEXT OF KIN INFORMATION

NAME IN FULL

RELATIONSHIP

PHONE NO

ADDRESS

LOAN DETAILS

AMOUNT IN NUMBERS

AMOUNT IN WORDS

LOAN TENOR (MONTHS)

PURPOSE OF LOAN

NET PAY

GROSS PAY

DISBURSEMENT BANK DETAILS (Salary Account)

ACCOUNT NUMBER

ACCOUNT NAME

BANK NAME

Loan Terms and Conditions

Conditions Precedent to Draw-Down:

Acceptance of the terms and conditions of the offer as contained herein.
KELV CONSULTS shall grant a moratorium of 60 days pending when deduction shall be effected from your salary.
KELV CONSULTS shall deduct monthly installment from your salary in accordance with the terms and covenants of the loan facility.

Other Conditions:

The borrower agrees to repay KELV CONSULTS Facility (Principal plus accrued interest) in accordance with the Terms and Conditions of this Document.
The debt obligation created as a result of this facility shall not be subordinated to any outstanding or future obligations of the borrower.
If the borrower intends to liquidate the facility before the end of the loan period, the borrower is to pay up the outstanding principal, the full interest for the current month, and a pre-liquidation charge of 2% on the outstanding total principal.
Where the date for the repayment falls on a non-business day, the payment becomes due on the proceeding business day.

Representation and Warranties:

The borrower represents and warrants to the Company that there is no litigation or administrative proceeding pending against the Borrower that would substantially affect the financial position of the Borrower or their ability to carry on his/her normal business.
The Borrower is not in default under any obligation in respect of any borrowed money and that the execution and performance of this loan obligation will not or result in a breach of default under any provision of any agreement to which the Borrower is a party.

I hereby, unconditionally as I have read and understood the terms with total clarity.

EVENTS OF DEFAULTS

The occurrence of any of the following shall cause all outstanding amounts on this facility to become immediately due and payable:

The Borrower fails to make repayment or payment of the principal, interest, or other amount in respect of the Credit Facility on the date it was due to be paid.
If the Borrower’s creditors obtain a court order or injunction against the Borrower’s accounts.
The Borrower hereby undertakes to bear all costs and expenses incurred by the company for the recovery of the loan sum in the event of default.
KELV CONSULTS at any time within the tenure of the facility or until the facility is liquidated, can write or involve a third party with the sole purpose of recovering its money.
The Company reserves the right to reach out to any of your family, friends, colleagues, acquaintances, and relatives (contacts), notifying them about your obligations if you are defaulting in your loan repayment and are not responsive and/or not abiding by the terms of this agreement.
The right to use every legal means possible to recover this loan, which includes the use of a third party, will be invoked upon default.

ASSIGNMENT

This Offer Letter shall be binding upon the Borrower as well as his/her respective heirs and assigns, such that the Borrower shall not assign or transfer its obligations hereunder.

Acknowledgement:

I hereby unconditionally affirm that I have read and understood the terms of this facility with total clarity.