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1. DETAILS OF BORROWER

Full Names and Surname / TRUST / COMPANY(Required)

(the Borrower)

ID or Registration Number(Required)

Phone(Required)

Email(Required)

Cell(Required)

Physical address (domicilium citandi et executandi)(Required)

Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country

2. DETAILS OF CO-APPLICANT

The details of the following parties should be completed If applicable: 2.1. The details of the Borrower when married in community of property; or 2.2. The natural person acting on behalf of the Borrower, where the Borrower is a juristic person with assets in excess of R1 million.

Full name and surname of co-applicant

ID number of co-applicants

3. DETAILS OF ATTORNEY ATTENDING TO THIS TRANSACTION

Name of Firm(Required)

Contact Person(Required)

Phone(Required)

Email(Required)

Cell(Required)

4. BANK ACCOUNT INTO WHICH LOAN SHALL BE PAID (CONVEYANCERS ACCOUNT)

Bank Name(Required)

Account Number(Required)

Account Holder Name(Required)

Branch Name(Required)

Branch Code(Required)

Payment Reference(Required)

5. TRANSACTION DETAILS

Nature of transaction(Required)

Amount(Required)

Selling Price

Bond registration amount

Bond Cancellation amount

Other cost guarantees

Amount available to Borrower upon registration

Advance Required (Maximum 80% of amount available)(Required)

6. QUOTATION AND PRE-AGREEMENT STATEMENT

IN TERMS OF SECTION 92 OF THE NATIONAL CREDIT ACT NO 34 OF 2005 ('the National Credit Act’)(Required)

I agree to the quotation and pre-agreement statement

PEYPER CAPITAL is prepared to advance money to the Borrower on the terms contained in clause 6 and 7 of this agreement. Clause 7 forms the pre-agreement statement as required by the National Credit Act.

6.1 The Principal debt under this credit agreement is constituted by and repayable as follows:
6.1.1 Advanced amount: The advance required above.
6.1.2 Admin fee as per table below (excl . VAT).
6.1.3 (Interest amounts to R1.10 per R1000 per day of the amount advanced)
6.2 The interest is calculated on a day-to-day basis from the date the amount is advanced to the date of repayment.
6.3 This quotation is valid for a period of 5 business days.
6.4 The signature of the Borrower of the credit agreement will also serve as signature of this quotation.

Amount between R0,01 and R 10 000.00 a fee of R 750,00
Amount between R 10 001,00 and R 20 000,00 a fee of R1 000,00
Amount between R 20 001.00 and R 40 000,00 a fee of R1 500,00
Amount between R 40 001.00 and R 60 000,00 a fee of R2 000.00
Amount between R 60 001,00 and R 80 000,00 a fee of R2 500,00
Amount between R 80 001.00 and R120 000.00 a fee of R3 000.00
Amount between R120 001.00 and R150 000,00 a fee of R4 000.00
Amount between R150 001.00 and R200 000,00 a fee of R5 000.00
Amount between R200 001.00 and R250 000,00 a fee of R5 500.00
R250 001 + To be agreed upon

7. CREDIT AGREMENT

PEYPER CAPITAL will advance money to the Borrower on the following terms and conditions, to which the parties agree:

NATURE OF AGREEMENT(Required)

I agree to the credit agreement

NATURE OF AGREEMENT
7.1 This agreement constitutes an unsecured credit agreement as defined by the National Credit Act.
7.2 PEYPER CAPITAL agrees to lend the advanced amount to the Borrower. The total amount repayable by the Borrower will be the Principal debt together with all fees and charges payable in terms of clause 7.9.2 of this agreement.
7.3 This agreement will be terminated immediately when the amounts defined in clause 7.2 have been paid in full by the Borrower. 7.4 The Principal debt shall become due and payable on any of the following dates, whichever may be soonest:
7.4.1 Date of registration of transfer of the Property or the registration of the bond; or
7.4.2 Upon expiry of a period of 120 days after the loan amount was advanced: or
7.4.3 In the event of the sale of the Property or the bond registration being cancelled.
7.5 The Borrower has the right to prepay any amount owed to PEYPER CAPITAL or terminate the agreement by repaying the Principal debt in full at any time prior to the Principle debt becoming due, with or without any notice. The amount required to settle this agreement is the amount defined in clause 7.2.
7.6 All payments made by the Borrower shall be allocated as follows: firstly, to satisfy any due or unpaid interest charges, secondly to satisfy any due or unpaid fees and charges and thirdly to reduce the amount advanced.
7.7 This agreement will be terminated at the moment the principal debt and any other outstanding amounts as per 6.1 and 7.9.2 have been paid in full by the Borrower.
7.8 The Borrower will be considered in default in terms of this agreement if the Principal debt has not been repaid in full at the time it is due and payable in terms of 7.4 of this agreement.
7.9 The Borrower hereby acknowledges the following implications of default under this agreement:
7.9.1 PEYPER CAPITAL will give notice to the Borrower who has 10 business days to respond to such notice. Upon failing to respond the amount due under this agreement will be handed over for collection to an attorney or debt collection agency.
7.9.2 PEYPER CAPITAL shall be entitled to all costs, fees and charges incurred in enforcing its rights under this agreement including costs on an attorney-and-own-client scale. If the National Credit Act is applicable to this agreement, these costs will be limited to default administration charges and collection costs, as permitted by the National Credit Act.

TRANSACTION DETAILS
7.10 The amount advanced shall be paid into the account(s) the Borrower nominates in writing,
7,11 The Borrower is entitled to the proceeds from either the registration of the transfer of the Property or the registration of a bond.
7.12 The Borrower herewith irrevocably authorizes and instructs the Attorney to pay the principal debt, immediately after receipt of such proceeds.
For the avoidance of doubt, it is recorded that the Borrower is, and remains, liable to PEYPER CAPITAL for the amount defined in clause 7.2. It shall not be a defense in favor of the Borrower that the Attorney had received the proceeds but has failed to repay PEYPER CAPITAL.
7.13 The Borrower agrees that PEYPER CAPITAL may perform any credit check on him prior to the acceptance of this agreement and at any time thereafter.
7.14 The Borrower shall not terminate the Attorney's mandate in any circumstances or for whatsoever reason, save where the Attorney has acted dishonestly or where the Attorney has breached a material term of the relationship, in this event the Borrower shall first inform PEYPER CAPITAL of his intention to do so.

RIGHTS OF THE CONSUMER
7.15 The Borrower has the right to contact the credit bureau, have his credit record disclosed and to correct incorrect information.
7.16 If the National Credit Act is applicable to this agreement, the Borrower has the right to resolve a complaint by way of alternative dispute resolution, by filing a complaint with the National Credit Regulator and/or by making an appiication to the National Credit Tribunal.
7.17 The Borrower, if a natural person, has the right to apply to a debt counselor to be declared over-indebted in terms of section 86 of the National Credit Act.
7.18 The National Credit Regulator and National Credit Tribunal can be contacted on 011 554 2600 or 0860 627 627.
7.19 A statement reflecting the outstanding balance with regards to this agreement will be communicated to the Attorney monthly via fax or e-mail.
The Borrower appoints the Attorney as his agent for purposes hereof.

INFORMATION SHARING PRACTICES
7.20 PEYPER CAPITAL may transmit information to the credit bureau regarding the application, opening and termination of the account and non-compliance with the terms and conditions of this agreement
7.21 The credit bureau provides a credit profile and/or a credit score on the credit worthiness of the Borrower.
7.22 PEYPER CAPITAL makes use of the following credit bureaus: Experian South Africa tel 011 799 3400; TransUnion ITC tel 011 214 6000

WARRANTIES AND UNDERTAKINGS
7.23 The Borrower warrants, undertakes and deciares that:
7.23.1 This agreement is in the language of his choice and he generally understands and appreciates the contents, risks, costs and obligations under this agreement; and
7.23.2 He has fully and truthfully answered any requests for information required by in order to assess and approve the loan granted to him in terms of this agreement; and
7.23.3 The conclusion of this agreement does not or will not have the effect that the Borrower is over-indebted.

GENERAL
7.24 This agreement constitutes the whole agreement between the parties and no addition to or variation, agreed cancellation or novation of this agreement and no waiver of any rights arising from this agreement or its breach or termination shall be of any force or effect unless reduced to writing and signed by both parties.
7.25 In the event of court proceedings being instituted in connection with this agreement the parties herewith consent to the jurisdiction of the Magistrate's Court, notwithstanding the fact that the amount involved may exceed the jurisdiction of the Magistrate’s Court.
7.26 No postponement, indulgence or extension displayed or granted by PEYPER CAPITAL in respect of the enforcement of the terms and provisions of this agreement shall constitute a waiver by PEYPER CAPITAL of its rights in terms of this agreement and the right to claim due and punctual performance of the terms thereof.
7.27 Every term of this agreement is divisible from the other and if a term is found to be invalid or unenforceable for any reason it will not affect the remainder of the terms of this agreement.
7.28 PEYPER CAPITAL shall be entitled to cede and assign its rights under this agreement to any third party without notice to or consent of the Borrower. The Borrower shall not be entitled to cede and assign its rights under this agreement to any third party.
7.29 The Borrower shall not be entitled to claim set-off in respect of any amount owed to PEYPER CAPITAL, notwithstanding that the Borrower may allege or claim that PEYPER CAPITAL is indebted to it for any reason whatsoever.

ACCEPTANCE OF TERMS AND CONDITIONS
7.30 By signing this agreement below the Borrower accepts the quotation under section 6 as well as all the terms and conditions under section 7 of this agreement. PEYPER CAPITAL shall not be obliged to make any advance to the Borrower unless the credit assessment of the Borrower is satisfactory.
7.31 If the Borrower is constituted by more than one person, such persons shall be jointly and severally liable under this agreement.
7.32 IF THE BORROWER IS A JURISTIC PERSON AND IF THE NATIONAL CREDIT ACT IS NOT APPLICABLE TO THIS AGREEMENT, THE SIGNATORY OF THIS AGREEMENT BINDS HIMSELF AS CO-PRINCIPAL AND STANDS SURETY FOR THE BORROWER FOR THE DUE FULFILMENT OF ALL OBLIGATIONS IN TERMS OF THIS AGREEMENT.

8. UNDERTAKING BY THE ATTORNEY

Consent(Required)

I agree to this undertaking

The Attorney warrants to PEYPER CAPITAL that:
8.1 The Sale/Mortgage Agreement is enforceable in law and contains all the terms and conditions between the Purchaser and the Buyer or between the Mortgager and the Bond Grantor and the said parties have the necessary authority to bind themselves,
8.2 To that extent that the Sale/Mortgage Agreement contains any suspensive condition, such condition has been fulfilled,
8,3 All relevant documentation required for the transfer of the Property involved or the registration of the bond have been signed by all the relevant parties and that there is no impediment thereto.
8.4 He has been instructed by the Seller, Purchaser, Mortgagor, or Bond Grantor to attend to, and is proceeding with, the transfer of the Property or the registration of a bond.
8.5 The Borrower gave him an irrevocable mandate in clause 7.12 of the above credit agreement to pay to PEYPER CAPITAL the principal debt in terms of the above agreement upon receipt of, and from the proceeds of the registration of the transfer of the Property or of the registration of the bond. The Attorney accepts such instruction and irrevocably undertakes to repay PEYPER CAPITAL in accordance with the aforementioned mandate upon transfer of the Property or registration of the bond.
8.6 No other person or institution has any other claim to the surplus of the proceeds of the sale or bond.
8.7 No other undertakings have been given which will reduce the proceeds to an amount less than the amount due and owing to PEYPER CAPITAL in terms of the agreement between PEYPER CAPITAL and the Borrower.
8.8 This undertaking is subject to any claim by the Commissioner of Inland Revenue and any obligation on him as an agent for the said Commissioner in terms of Section 99 of the Income Tax Act of 1962, as amended, and or any Court Order prohibiting him from doing so.
8.9 He shall keep PEYPER CAPITAL informed to general matters relating to the transfer of the Property or registration of the Bond, and in particular with regards to any event or circumstances which may arise subsequent to the signing of this agreement.
8.10 In the event of the transaction being cancelled, the Borrower and/or the Attorney shall advise PEYPER CAPITAL of such an occurrence within 48 hours.
8.11 If this agreement is entered into and signed by the Attorney on behalf of the Borrower, he warrants that he is duly authorized to do so.