Cooperative Society Loan Agreement

Investment equal to 1% of the amount of the loan released in the shares of DCHFC. bridge loans up to 80% of the property tax payable to the DDA for 100% of the land costs, including registration and stamp duty to a cfDFC member company. However, the contracting parties have entered into an agreement under the following conditions: this policy binds all loan applications to the company, without exception. Proof of residence address (supply invoices, lease agreement) Note: the guarantor must be a colleague who is preferably acceptable to the co-operative of Africa Cooperative Ltd members. The surety confirms, by an attached signature, that the loan applicant is an appropriate person to whom a loan/advance should be granted. The surety is irrevocably committed to compensate the co-op in the event of default, capital and unpaid interest at the time of default. The company has the right to calculate interest on loans approved at an interest rate set by the management committee and to pass on to the bond member. In the event of a late payment, the penalty interest rate applies in accordance with the provisions of the Bye Act. Last and last list of members of the company verified by the Chancellor, cooperatives, Delhi for the allocation of land with the current address. When some members have resigned and new members have been admitted, their information may be mentioned in the headings. The co-op makes loan applications only for the availability of resources and these loans are granted for productive or necessary purposes, according to the steering committee and the credit committee, in the best interests of the borrower.

The principal amount and interest are payable monthly on the 8th day of the month following the payment schedule that cfDFC must give to the loan company. The repayment is made in 36 installments, in the first 21 months of interest only and in the 15-month EMI balance composed of Interest and Principal Committee Africa Cooperative Ltd and shown on the loan application form. The deadline starts to count from the customer name: …………. If the above conditions are acceptable to you, please give your consent by executing this letter of offer in accordance with the paragraph below and returning it. (if applicable) directly to a person on request or on behalf of the borrower on all bonds, letters of credit . 1,.5 The scheme is valid for a period of $1.00 or other time determined by Credit I/We, which I/We are aware of my responsibility to ensure that I/We have sufficient funds in my account to house on its subscribed cheaque.