GENERAL TERMS.            

It is hereby mutually agreed and declared that the following terms and conditions shall in addition to the foregoing apply to this agreement.

The advance amount in this agreement shall be available to the borrower on completion to the satisfaction of the Sacco of all formalities appertaining to the security and appraisal of the advance.

1. The borrower shall pay interest on the advance amount outstanding at the prevailing rates or at such other rate the Sacco in its sole discretion determines and shall pay such interest one-off.
2. The Sacco reserves the right to determine, or change the rate of interest and or the basis in which it is calculated
3. The advance repayment frequency shall be deducted once when the year 2023 rebates and dividends will be declared.
4. Fees and charges to cover administrative costs shall be paid by the borrower. Such fees and charges will be in accordance with the prevailing tariffs of Sacco..

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