Loan Application &
Agreement Form

I hereby request InnBucks MicroBank Limited (hereinafter referred to as “the creditor”) to open an FCA Account in my name and I agree to abide by the following terms and conditions as well as any other conditions as may come into being from time to time:

1. I declare that the information furnished is true and correct and all documentation provided in support of my application is true and correct; and I have not provided any false, inaccurate, fictitious and/or invalid information in this Agreement, nor have I forged any documents provided to the creditor in support of this application.
2. I undertake to inform the creditor of any changes thereto as well as any facts or circumstances in future that may impact my legal status as a Borrower.
3. Indemnify the creditor against any liability for any loss or damage suffered by me as a result of inaccurate or incomplete information contained herein.
4. Interest rate shall be calculated at a rate of 3.5% per month on the daily balance outstanding from time to time. The creditor reserves the right to alter the interest rate charged in line with prevailing market or other conditions.
5. Administration fee and insurance fee respectively flat on the total amount lent shall be payable in advance as a once-off upfront deduction from the loan amount lent.
6. Agree that the creditor may deduct from any new loan any and all amounts outstanding from previous loans before disbursing any new loan values.
7. Agree that my employer will deduct the repayment amount as approved by the creditor from my salary through the Employer’s payroll.
8. Agree that if my employment is terminated, the full outstanding balance of the loan and whatever amounts are owed in respect of interest and insurance will be recoverable from me.
9. Authorize the creditor to make any independent information verification and generally make whatever enquiries it deems necessary from any source whatsoever.
10. Understand that in the event of any information proving to be inaccurate, the creditor reserves the right to decline this application.
11. Understand that the loan shall be repayable in the currency in which it was loaned, specifically United States Dollars (USD).
12. Acknowledge that a certificate under the hand of any authorized officer of the creditor as to the existence and the amounts of the indebtedness shall be prima facie proof thereof.
13. I hereby renounce any benefits arising from legal exceptions, including non-numerate precuniae and all other exceptions.
14. The Creditor has the right to cede or assign any rights under this loan to any person.
15. I shall be liable for the payment of all expenses incurred by the creditor in exercising any right against me in respect of any breach of these conditions.
16. I agree and consent that the Creditor shall be entitled to institute any proceedings in the provincial Magistrate’s Court.
17. I hereby choose domicilium citandi et executandi at the address specified above.
18. By appending my signature hereto I agree to the terms and conditions contained in this Agreement, of which I have read and understood the meaning thereof.