The Applicant must read and accept the terms and conditions on the e-application form

1. I understand that Finserve Capital may periodically review my loan facility and, at any time, may suspend the facility and/or require immediate repayment of all amounts outstanding—covering both the loan and any overdrawn current account—together with all accrued interest, by providing notice to my residential address as given.
2. In the event that Finserve Capital incurs any legal expenses in recovering amounts due under this loan facility, I agree that such costs—on a legal practitioner and client basis—along with any collection charges levied by its legal representatives, will be recoverable from me.
3. I hereby authorize Finserve Capital to set off the outstanding loan balance and any accrued interest against any credit balances in other accounts I may hold with Finserve Capital.
4. I understand that I must not exceed the loan and/or overdraft limit as agreed with Finserve Capital.
5. I authorize Finserve Capital to immediately deduct arrangement fees amounting to 2.5% of the gross borrowed amount.
6. I also authorize Finserve Capital to deduct 1.05% of the gross loan amount towards insurance. I understand that Finserve Capital will obtain an insurance policy on my behalf, which will be binding on me and available for inspection at Finserve Capital’s Head Office upon request.
7. I designate my residential address above as my domicilium citandi et executandi and submit to the jurisdiction of the courts of Zimbabwe in the event of any dispute arising from this agreement, even if I am domiciled outside Zimbabwe at the commencement of legal proceedings.
8. In the event of any default on my part, including the failure to make a scheduled repayment on time, Finserve Capital shall have the right—without prior notice—to demand immediate settlement of all my current and contingent obligations, whether or not they are already due. Finserve Capital also reserves the right to withhold access to any additional facilities.
9. I understand that Finserve Capital will charge interest on the outstanding loan balance at a rate of 10% per month, with interest accruing on a daily basis.
10. Any unpaid sums past the agreed repayment date, or amounts that become due as a result of Finserve Capital’s demand, shall be subject to penalty interest at 15% per month. This rate is subject to change upon written notification from Finserve Capital.
11. I agree that Finserve Capital may collect, use, and disclose my credit information as provided in this agreement and/or obtained by Finserve Capital in accordance with the Access to Information and Protection of Privacy Act (Chapter 10:27).