Individual Loan Application

Acceptance and Declaration of Applicant

I hereby declare that the above particulars are true to the best of my knowledge and belief and that I agree to abide by the conditions of the Society Loaning policy. I further declare that I have understood the terms of the loan. I hereby authorize the necessary deductions to be made from my salary. I fully understand and accept that in case of default, my shares may be used to offset the outstanding loan. Should the monies be insufficient to clear the loans, the item purchased with the loan shall form part of security and Sunbird Tourism SACCO is obliged to take custody thereof including the assets which are pledged as security. All items may be sold to recover expenses.