• The information supplied by him/her in the form hereof is true and correct
• Prior to submitting the application, he/she had been shown a schedule setting out the full financial details of all amounts that will become payable if his/her applications are approved.
• The essential terms of the financial transaction have been explained to him/her and that he/ she understands them.
• For check off loans , he/she understands that an agreement between Kwick Credit Ltd and his/her employer in terms whereof his/her salary is paid into a specified account or in terms whereof instalments can be deducted by means of a salary stop order in prerequisite to the granting of a loan.
• I consent to Kwick Credit sharing my details with an Insurance Provider for the purposes of taking out death and disability insurance
• In the event of my account going into default, I consent to Kwick Credit sharing my personal, transaction and default details with credit reference bureaus for listing. I acknowledge that other financial institutions may use this info to assess other applications and for other debt tracing and fraud prevention purposes.

The loan amount is subject to interest being charged is subject to the product pricing.

Should the borrower fail to pay any amount on the due date, the interest that accrues on the full outstanding amount will be capitalized and interest will be charged on the total amount then outstanding.

The borrower hereby agrees that:

• He/she shall be lawfully indebted to Kwick Credit Ltd for the payment of the total contractual amount.
• The full contractual amount is repayable in equal monthly or weekly instalments.
• For check-off loans notwithstanding, the deductions from the salary of the Borrower, it shall remain the sole responsibility of the Borrower to see to it that payments are effected timeously.
• Repayments will be used, firstly to pay legal costs (if any), the additional interest if any, then the total cost of credit, and thereafter to reduce the balance of the outstanding amount, which was originally advanced to the Borrower.

Kwick Credit Ltd entitled (but not obliged) to demand payment of the total amount outstanding in terms of this agreement at any time if the Borrower fails, or neglects to strictly observe, any of the of this agreement, or in any other way commits a breach of agreement contract or assigns his/her estate in favor of his/her creditors, or comprised with any creditor, or the Borrower’s estate is sequestrated or wound up, or the Borrower has made a false representation at the time of applying for the loan in terms of this agreement.

If the Borrower fails to make any payment on the due date or fails to discharge any of its obligations in terms of this agreement and Kwick Credit Ltd takes no action against him/her, this shall not mean that Kwick Credit Ltd has given up the right to take legal action.

This agreement shall be the only agreement between the parties in respect of the loan. Any amendment thereof must be in writing and signed by both parties.