payroll loan definition
payroll loan means a loan which is repaid by deductions from the consumer’s pay.
payroll loan shall have the meaning set forth in the recitals to this Agreement.
payroll loan means the loan granted by the Lender to the Borrower in terms of which the Borrower has authorised the Lender to satisfy the Borrower’s payment obligations by way of deductions directly from the Borrower’s salary.