Source of funds for the repayment of the loan (e.g. outstanding invoice from client, sale of an asset, etc.);
Number and nature of any other current loans from other individuals or institutions;
Previous loans payment history and references.
7
DECLARATION
I/we declare that all the particulars and information provided in this Business Application Form are true, correct, complete and up to date in all respects; and I/we have not withheld any information whatsoever. I/we confirm that no insolvency proceedings or suit for recovery of outstanding dues or monies whatsoever and/or criminal proceedings are pending against me/us or the Company/Close Corporation/Trust or that I/we have not been made insolvent/bankrupt by any court or other authority. I/we declare that I/we have not made any payment in cash, bearer, cheque or kind along with or in connection with this Application or any other Application fees to the executive collecting my/our Application/and I/we shall not hold Qore (Proprietary) Limited liable for any such payment made by us to the executive collecting this Application. I/we understand and confirm that the Business Application Form and all other documents submitted by me/us to Qore (Proprietary) Limited shall not be returned to me/us and Qore (Proprietary) Limited shall have the right to retain the same. I/we have read this Business Application Form and are agreeable to all its terms/conditions. I/we hereby agree to abide and be bound by all applicable rules/regulations/instruction/guidelines including but not limited to those issued by any competent authority within the Republic of South Africa.
8
AUTHORISATION
I/We authorise Qore (Proprietary) Limited, its group of companies, its agents and its affiliates to make reference and enquiries relevant to information in this Business Application Form which either or all of them consider necessary. I/we undertake to Qore (Proprietary) Limited, its group of companies, its agents and its affiliates that all the information provided in this Business Application Form is true, correct, complete and all such information that they may require. I/we further declare and confirm that the credit facilities (if any) enjoyed by me/us with banks/financial institutions/non banking finance companies has been disclosed here in above. I/we agree that Qore (Proprietary) Limited may provide the credit facilities mentioned herein only if permitted and if approved in the manner specified or required by it. I/we confirm that I/we shall not use the credit facility (or any part thereof) for any improper, illegal or unlawful purpose/activities. I/we have been read in a language known to me/us, the contents of this Business Application Form and hereby express my/our unconditional consent to debit my/our loan instalments etc., from above mentioned account. I/we authorise my bank to honour all such instructions. I/ we authorize the representative of the business to get this mandate verified and registered with bank.