REPAYMENT GUARANTEE Sample Clauses

REPAYMENT GUARANTEE. We the undersigned hereby accept jointly and severally liability for the repayment of the loan in the event of the borrower's default. We understand that the amount in default may be recovered by an offset against our shares in the society or by attachment of our property or salary and that we shall not be eligible for loans unless the amount in default has been cleared if full. Guarantors M/No. Employment No. Guarantor’s Name Workstation Shares Loan Amount Guaranteed Signature TOTAL For official use only: LOANS OFFICE
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REPAYMENT GUARANTEE. We, the undersigned, hereby accept jointly and severally liability for the repayment of the loan in the event of the borrowers default. We understand that the amount in default may be recovered by an offset against our shares in the society or by attachment of our property or salary, and that we shall not be eligible for loans unless the amount in default has been cleared in full. Guarantors M / No. P / F Guarantor`s Name Department/School Signature Loan Shares FOR OFFICIAL USE ONLYLOAN OFFICE Total Shares Kshs. Loan outstanding Kshs. Amount currently requested Kshs. New loan balance will be Kshs. Shares Kshs. x 2 Present monthly income Kshs. x 0.65 = Kshs Total payment to society including payments on Loan requested is Kshs. Do the guarantors cover the loan requested? I certify that the application is within the rules of the Society and the member is qualified/not qualified for the loan Loans Officer’s Name: Signature: Date: CREDIT COMMITTEE MINUTE NO. Loan Approved Kshs. Recoverable in months at 1.5% per month on R.B. Signature of Chairman: Date: EXECUTIVE COMMITTEE (Checked & Approved/Not Approved) Chairman: Secretary: Treasurer: Date: Date: Date:
REPAYMENT GUARANTEE. We, the undersigned, hereby accept jointly and severally, liability for the repayment of the loan in event of the borrower’s default. We understand that the amount in default may be recovered by an offset against our share s in the society or by attachment of our property or salary and that shall not be eligible for loans unless the amount in default has been cleared in full. We also authorize our employer(s) to recover the defaulted loan from our m onthly salary. Minimum guarantors of short-term loans are TWO and FOUR for long-term Loans. DO NOT GUARANTEE MORE THAN SIX TIMES YOUR DEPOSITS. EST/EMPL XXXX NO. TEL. NO. NAME Amount guaranteed in Words Amount in Figures ID No SIGNATURE Guarantorship confirmed by
REPAYMENT GUARANTEE. We, the undersigned accept jointly and severally liabilities for the repayment of the loan in the event of the borrower’s default. We understand the amount in default may be recovered by an offset against our share as in the society or by attachment of our property or salary, and that shall not be eligible for loans unless the amount in default has been cleared in full. Guarantors PAYRONO. M/NO GUARANTOR’ NAME SHARES KSHS. GUARANT KSHS. SIGNATU I.D NO. MOBILE CONTACT ADDRESS & CODE 1.
REPAYMENT GUARANTEE. I/We the undersigned do accept liability for repayment of the loan as may be approved by CFE Limited. I/We understand that if the loan is granted, I/We shall be personally responsible for repayment of the principle amount together with any interest due. In case of default, the principle, interest and any collection expenses may be recovered summarily from me/us without any further reference to me/us.
REPAYMENT GUARANTEE. We the undersigned hereby accept jointly and severally, liability for the repayment of the loan in the event of the borrower’s default. We understand that the amount in default may be recovered by an offset against our shares in the Society or by attachment of our property or salary, and that; we shall not be eligible for loans unless the amount in default has been cleared in full. Name Society No. Shares K Loans K Existing Guarantees Guarantor’s Signature Witness Signature & Payroll # K No. TOTALS
REPAYMENT GUARANTEE. We the undersigned, hereby accept jointly and severally, liability for the repayment of the loan in the event of the borrower’s default. We understand that the amount in default may be recovered by an offset against out shares in the society of by attachment of our property or salary, and that we shall not be eligible for loans unless the amount in default has been cleared in full. GUARANTORS TSC NO M/NO NAME SHARES LOANS KSHS GUARANTORS SIGNATURE
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REPAYMENT GUARANTEE. GUARANTORS Page 2.
REPAYMENT GUARANTEE. We, the undersigned, hereby accept jointly and severally liability for the repayment in the event of the borrower’s default. We understand that the amount in default may be recovered by an equal offset against our deposits in Nafaka XXXXX society limited or by attachment of our Salary or property or any other benefits due to us CAUTION- GUARANTOR DETAILS (Guarantors are advised to read all the information supplied in this form by the applicant and the terms and conditions contained herein in order to understand the full implication of signing this Part) P/No. M/No. Name BOSA Deposits Outstanding loan National ID. No Signature Total
REPAYMENT GUARANTEE. GUARANTORS We the Undersigned, hereby accept jointly and severally liability for the repayment of the loan upon the Borrower’s Default. We understand that the amount in default may render us ineligible for loans unless the amount in default has been cleared in full. No. Names of the Guarantors M/ No. Savings Pledged Kshs Total Savings Kshs Loan Bal. Kshs Signature 5 Total
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