{"title":"Financial Agreements","description":null,"products":[{"product_id":"financial-lease-agreement-non-nca","title":"Financial Lease Agreement Template - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eFinancial Lease Agreement Template - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eNon-NCA\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eA lender that finances goods (such as vehicles, equipment, office furniture etc) for people on a financial rental basis may consider using this Financial Lease Agreement (non-NCA). Provision is made for ownership in the goods to pass to the lessee at the end of the rental period, if this is what the lender and borrower agree.\n\nNote: This Agreement is intended to be used in cases where the National Credit Act does \u003cu\u003enot\u003c\/u\u003e apply.\n\n\u003cstrong\u003eWhy would I need a Financial Lease Agreement? \u003c\/strong\u003eA Financial Lease Agreement may be used when a lender finances goods for someone else, on the basis that ownership in the goods may pass to the lessee at the end of the period. For example, computers, furniture, audio goods, vehicles etc. This contract provides for the payment of a rental over a specific term with regular payment obligations.\n\n\u003cstrong\u003eWhat does the Agreement say? \u003c\/strong\u003eThis Financial Lease covers: Duration; Rental, Fees and Rates; Early Settlement; Goods, Delivery and Ownership; Repairs and Maintenance; Damages and Insurance; Encumbrances; Breach and General.\n\n\u003cstrong\u003eHow long is the contract? \u003c\/strong\u003eThis template can be printed onto six pages.\n\n\u003cstrong\u003eWhat do you need to do to use this Financial Lease Agreement (non-NCA)?\u003c\/strong\u003e\n\n\u003cul\u003e\n\n \t\u003cli\u003eRead the template agreement to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\n \t\u003cli\u003eComplete the relevant details in the Financial Lease contract.\u003c\/li\u003e\n\n \t\u003cli\u003eEnsure that the documents are signed by both the financier and the borrower.\u003c\/li\u003e\n\n\u003c\/ul\u003e\n\nBefore signing this agreement, the financier is advised to conduct a comprehensive credit check on the borrower, and get the borrower to complete a separate application form for a credit facility.\n\nThis Agreement is intended for use in cases where the National Credit Act does not apply. We recommend that you obtain specialist advice before using a Financial Lease Agreement.\n\nAlso known as: Finance Agreement; Lease Agreement; Financial Rental Agreement; Rent-to-Own Agreement\n\nAlso viewed: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/finance-agreement-financial-lease\/\"\u003eFinancial Lease Agreement\u003c\/a\u003e\n\n\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164038922380,"sku":"AO-3344","price":1058.18,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Financial-Lease-Agreement-non-NCA-1.jpg?v=1789524753"},{"product_id":"contingent-liability-insurance","title":"Contigent Liability Agreement Template - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eContigent Liability Agreement Template - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eA Contingent Liability Agreement can be used by a company that takes out Contingent Liability insurance over the life of its equity owners or directors. Such insurance covers the company’s contingent liabilities should the owner or director die before the company has paid off any debt for which the owner or director has signed a suretyship. A Contingent Liability Agreement is an acknowledgement by the life assured that the insurance policy is in place, and a confirmation about each party’s rights and obligations around the life policy.\n\n\u003cstrong\u003eWhy do I need a Contingent Liability Agreement? \u003c\/strong\u003eOften a company owner or director signs over a security for the company (such as a suretyship, guarantee or undertaking), most commonly when the company takes out a loan or applies for a credit facility. If the owner or director dies before the loan or facility is paid off, the company may be forced to settle the amount prematurely, which could cause the company serious financial problems. This can prompt the company to take out Contingent Liability insurance cover over the surety’s life. A Contingent Liability Agreement can be a useful document for the company to sign with the life assured. It sets out the life assured’s rights and responsibilities with regards to the insurance policies, including what might happen to the policies if a life assured leaves the company for whatever reason.\n\n\u003cstrong\u003eWhat does the agreement say? \u003c\/strong\u003eThe Agreement consists of: Definitions; Introduction; Policies; Cession of Policies; Disputes; General.\n\n\u003cstrong\u003eWhat does this agreement look like? \u003c\/strong\u003eThe document can be printed onto six pages.\n\n\u003cstrong\u003eWhat do you need to do to use the Contingent Liability Agreement?\u003c\/strong\u003e\n\n\u003cul\u003e\n\n \t\u003cli\u003eRead the sample contingent liability document to ensure that it suits your requirements. Make any changes as required.\u003c\/li\u003e\n\n \t\u003cli\u003eComplete Annexure A by adding in the details of the life policies taken out.\u003c\/li\u003e\n\n \t\u003cli\u003eEnsure both policyholder and the life assureds sign the Agreement with each getting a copy of the final, signed agreement.\u003c\/li\u003e\n\n\u003c\/ul\u003e\n\nAlso viewed: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/key-man-agreement\/\"\u003eKey Man Insurance Agreement\u003c\/a\u003e\n\n\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164043411596,"sku":"AO-3498","price":405.88,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Contingent-Liability-Agreement-1.jpg?v=1789524789"},{"product_id":"credit-application-form-individuals","title":"Credit Application Form Template - Individuals - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eCredit Application Form Template - Individuals - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e(Individuals)\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cstrong\u003eSummary \u003c\/strong\u003eIf you operate your business on a credit basis, ie. Your customers (being individuals, as opposed to business customers) pay you only after goods or services have been delivered, then a template credit application form can be a useful tool. By getting your customer to complete an application before doing business with them, it allows you to accumulate information on them, helping you to assess whether to grant the credit. A Credit Application Form helps you to conduct background and verification checks on the prospective debtor.\n\nIf you want to grant payment terms to customers who are legal entities, have a look at our \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/credit-application-form-corporate-customers\/\"\u003eCredit Application Form for Corporate Customers\u003c\/a\u003e.\n\n\u003cstrong\u003eWhy do I need a Credit Application Form? \u003c\/strong\u003eA Credit Application Form helps you to collect information about your client, including obtaining a consent to credit checks. With this information, you can conduct various background checks to determine whether the customer is one you want to do business with. The information is also useful if you need to take action against a customer who defaults on their payments.\n\n\u003cstrong\u003eWhat does the application template say? \u003c\/strong\u003eThe template application for credit requires the applicant to answer questions and complete information pertaining to: Personal Details; Spouse’s Details; Employment Details; Banking Details; Trade References; Customer’s financials; Consents; Customer Signature; Documents required.\n\n\u003cstrong\u003eWhat does the template application form look like? \u003c\/strong\u003eThe standard form can be printed onto three pages.\n\n\u003cstrong\u003eWhat do you need to do to use the template form?\u003c\/strong\u003e\n\n\u003cul\u003e\n\n \t\u003cli\u003eRead the sample application form to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\n \t\u003cli\u003eFill in your details as the Supplier where specified\u003c\/li\u003e\n\n \t\u003cli\u003eAsk your applicant to complete the form before you consider selling goods or services on payment terms.\u003c\/li\u003e\n\n\u003c\/ul\u003e\n\n\u003cstrong\u003e \u003c\/strong\u003eAlso viewed: \u003ca href=\"http:\/\/agreementsonline.co.za\/agreements\/cession-book-debts\/\"\u003eCession of Book Debts\u003c\/a\u003e\n\n\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164047212684,"sku":"AO-3827","price":211.66,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Credit-Application-Form-Individuals-1.jpg?v=1789524813"},{"product_id":"escrow-agreement-safeguarding-software","title":"Escrow Agreement South Africa - Template","description":"\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eESCROW AGREEMENT SOUTH AFRICA\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eSafeguarding of Software\u003c\/strong\u003e\u003c\/p\u003e\n\u003cstrong\u003eSummary \u003c\/strong\u003eThis Escrow Agreement may be used to contract with a business associate and agree on the terms of placing software in escrow with an independent third party. The agreement sets out each party’s rights and obligations, specifies the escrow services that the escrow agent is required to perform, and identifies the rights and obligations of both the supplier of the software and the business associate.\n\n\u003cstrong\u003eWhy do I need an Escrow Agreement? \u003c\/strong\u003eA software company that has rights in and to software and associated source code may from time to time enter into an escrow agreement with a business associate, such as a client, providing that the software may be released to the business associate under certain defined conditions. The agreement sets out the terms of the relationship, including confidentiality, release conditions, and the payment of escrow fees.\n\n\u003cstrong\u003eWhat does the Software Escrow Contract say? \u003c\/strong\u003eThe template agreement consists of: Parties; Interpretation; Introduction; Duration; Deposit of Material; Loss of Material; Release of Material; Objection to Release; Arbitration; Fees and Charges; Confidentiality; Termination; General.\n\n\u003cstrong\u003eWhat does the standard Agreement look like? \u003c\/strong\u003eThe template document can be printed onto five pages.\n\n\u003cstrong\u003eWhat do you need to do to use the Escrow Agreement template? \u003c\/strong\u003e\n\u003cul\u003e\n \t\u003cli\u003eRead the document to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n \t\u003cli\u003eComplete all relevant details, sign and get all three parties to sign.\u003c\/li\u003e\n\u003c\/ul\u003e\nAlso known as: Escrow Arrangement; Safekeeping of Software in Escrow; Escrow contract – Safekeeping of Software; Escrow Terms and Conditions; Escrow Contract\n\nEscrow Agreement Template South Africa [Microsoft Word Doc]\n\n\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164047933580,"sku":"AO-3864","price":834.0,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Escrow-Agreement-Template-1.jpg?v=1789524820"},{"product_id":"finance-debt-subscription","title":"1 Year Subscription: Get Full Access to 25+ Finance \u0026 Debt Contract Templates @ R166pm - Valued at R22,517","description":"\u003cp\u003e\u003cstrong\u003eDebt subscription templates South Africa businesses can use, with a full year of access to 25+ finance and debt contract documents.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cimg src=\"https:\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Recruitment-Hiring-13.svg\" alt=\"Debt subscription templates South Africa finance pack\" width=\"300\"\u003e\u003c\/p\u003e\n\u003cp\u003eThis finance and debt subscription gives you a full year of access to 25+ finance and debt contract templates drafted for South African businesses.\u003c\/p\u003e\n\u003cp\u003eWith the finance and debt subscription you can download, edit and reuse any document in the library for twelve months, in both Word and PDF format. Each one is lawyer-drafted and reviewed, and the wording can be adapted to suit the arrangement you are putting in place.\u003c\/p\u003e\n\u003ch2\u003eWhat the finance and debt subscription includes\u003c\/h2\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003eAcknowledgement of Debt – 1 Debtor, Single Instalment\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-2-debtors-payment-instalments\/\"\u003eAcknowledgement of Debt Template - Two or more debtors, payment in installments\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-2-debtors-single-instalment\/\"\u003eAcknowledgement of Debt Template - Two or more debtors, single repayment\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/acknowledgement-debt-1-debtor-payment-instalments\/\"\u003eAcknowledgement of Debt Template - One Debtor\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/cession-pledge-goods\/\"\u003eCession and Pledge of Goods Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/cession-assignment-agreements\/\"\u003eCession and Assignment of Agreements Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/cession-book-debts\/\"\u003eCession of Book Debts Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/credit-application-form-individuals\/\"\u003eCredit Application Form Template - Individuals\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/credit-application-form-corporate-customers\/\"\u003eCredit Application Form Template - Corporate Customers\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/customers-acknowledgement-payment-terms\/\"\u003eCustomer Acknowledgement of Payment Terms Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/debit-order-authorisation\/\"\u003eDebit Order Authorisation Form \u0026amp; Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/extension-of-loan-agreement\/\"\u003eLoan Extension Agreement Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/family-loan-agreement\/\"\u003eFamily Loan Agreement Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/finance-agreement-financial-lease\/\"\u003eFinance Agreement Template - Financial Lease\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/finance-agreement-instalment-sale\/\"\u003eFinance Agreement Template - Installment Sale\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/financial-lease-agreement-non-nca\/\"\u003eFinancial Lease Agreement Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/letters-demand-clients-account\/\"\u003eLetters of Demand Template - Clients Account\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/letters-demand-account\/\"\u003eLetters of Demand Template - Own Account\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-amount\/\"\u003eLimited Surety Amount Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-amount-cause-debt\/\"\u003eLimited Surety Template - By Amount and Cause of Debt\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-cause-debt\/\"\u003eUnlimited Suretyship Template - By Cause of Debt\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-time\/\"\u003eLimited Surety Template – By Time\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/limited-suretyship-time-amount\/\"\u003eLimited Surety Template - Time and Amount\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/loan-guarantee-form\/\"\u003eLoan Guarantee Form Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/personal-loan-agreement\/\"\u003ePersonal Loan Agreement Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/pre-agreement-proposal-financial-lease-agreement\/\"\u003ePre Agreement Quotation - Financial Lease\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/pre-agreement-proposal-instalment-sale-agreement\/\"\u003ePre Agreement Quotation - Installment Sale Agreement\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/unlimited-suretyship\/\"\u003eUnlimited Suretyship Template\u003c\/a\u003e\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eWhat You Get:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\n\u003cstrong\u003e\u003ca href=\"https:\/\/agreementsonline.co.za\/product-category\/financial-agreement-templates-south-africa-microsoft-word\/\"\u003e28 x Finance \u0026amp; Debt Agreements valued at R22,517\u003c\/a\u003e:\u003c\/strong\u003e Financial, Security, Suretyship, Loan, Debt \u0026amp; Cession Documents.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCustomization and Adaptability:\u003c\/strong\u003e Tailor each template to suit your unique needs effortlessly. Whether you're a business owner, HR professional, or individual seeking legal protection, our templates provide the flexibility you require.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCost-Effective Solution:\u003c\/strong\u003e Save valuable time and resources by opting for our subscription model. With over R22,517 worth of templates available for just R166 per month, it's a smart investment in your legal security.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eWith Agreementsonline.co.za, empower yourself with the tools you need to navigate the complex world of legal documentation confidently. Subscribe today and unlock a world of legal possibilities at your fingertips.\u003c\/p\u003e\n\u003ch2\u003eWho this finance and debt subscription suits\u003c\/h2\u003e\n\u003cp\u003eBusiness owners, bookkeepers and credit controllers who lend money, take security, chase overdue accounts or formalise repayment arrangements, and want the paperwork on hand.\u003c\/p\u003e\n\u003ch3\u003eGood to know\u003c\/h3\u003e\n\u003cp\u003eThese are templates for you to adapt, not legal advice on your own circumstances. Lending and debt collection in South Africa are regulated by the National Credit Act and the Debt Collectors Act, so have an attorney confirm your final wording where the amounts or the arrangement are significant.\u003c\/p\u003e","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":59164065038476,"sku":"AO-22486","price":1999.0,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/finance-debt-subscription.png?v=1791869320"},{"product_id":"credit-application-form-corporate-customers","title":"Credit Application Form Template - Corporate Customers - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eCredit Application Form Template - Corporate Customers - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\u003cp\u003e\u003cstrong\u003eSummary \u003c\/strong\u003eIf you operate your business on a credit basis, ie. Your business customers (corporates, or legal entities) pay you after goods or services have been delivered, then this application form can be a useful tool. By getting your customer to complete the form before doing business with them, it allows you to accumulate customer information. The information helps to conduct background checks on the prospective customer and assess whether you are willing to grant payment terms.\u003c\/p\u003e\n\u003cp\u003eIf you want to grant credit to customers being individuals, have a look at our \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/credit-application-form-individuals\/\"\u003eCredit Application Form for Individuals\u003c\/a\u003e.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhy do I need a Credit Application Form? \u003c\/strong\u003eAn application form helps you to accumulate information on your client. With this information, you can conduct various verification and background checks to determine whether the customer is one you want to do business with. The information is also useful in the event that you need to take action against a defaulting customer.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the template Application Form say? \u003c\/strong\u003eThe form requires the applicant to answer questions and complete information pertaining to: Customer’s Details; Customer’s Personnel Details; Banking Details; Trade References; Customer’s financials; Related Parties; Consents; Customer Signature; Documents required; Supplier Confirmation; Related parties’ credit consent.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the template Credit Application Form look like? \u003c\/strong\u003eThe standard form can be printed onto five pages.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat do you need to do to use a Credit Application Form?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRead the template application form to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\u003cli\u003eFill in your details as the Supplier where specified\u003c\/li\u003e\n\u003cli\u003eAsk your applicant to complete the form before you consider selling good or services to them on a credit basis.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003e \u003c\/strong\u003eAlso viewed: \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/cession-pledge-goods\/\"\u003eCession \u0026amp; Pledge of Goods\u003c\/a\u003e\u003c\/p\u003e\n\u003ch3 data-pm-slice=\"1 1 []\"\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eWhy Make use of Credit Application Forms?\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan data-color=\"var(--purple-10)\"\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eA credit application form is a document used to collect information from individuals or businesses seeking to obtain credit from a financial institution or creditor. (it is also known as a business credit application form or credit form)\u003c\/p\u003e\n\u003cp\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eThe particulars of a credit application form:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eCredit application form: It is a standardized form for credit applications and is used to gather necessary details from applicants requesting credit such the following details; their credit history, credit risks, any extending , personal guarantee, personal details, details of the business owner.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eIt also includes the following information; details such as the applicant's cell phone and home phone number, the address of the customers or small business, a general credit check within the customer credit application form.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eCredit application templates: The credit application templates are a pre-designed format that serves as a starting point for creating customer credit application forms. The business credit application form or credit application templates are used by lenders extending credit to customers such as a small business. Banks often make use of a credit application form.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eCredit application process: The series of steps involved in reviewing and evaluating credit applications and is usually done by lenders such as banks.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eCredit history: The applicant's past borrowing and repayment behavior, which helps creditors assess creditworthiness.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eBusiness credit application form: Specifically designed for businesses, it collects relevant business information for credit evaluation and legally bind the customer.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eCustomer credit application form: Used to collect customer-specific details, such as personal and financial information, for credit assessment and to establish a line of credit for the client.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eTrade references: these are generally documents of information provided by applicants regarding their business relationships with other companies to verify their creditworthiness and all the information relating to the client debts.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003ePersonal guarantee: A commitment by the lender to take personal responsibility for repaying the credit (money) if the business fails to do so.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eFinancial institution: The organization or entity that provides credit and financial services.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eEmployment status: Information about the lender or applicant's current employment or business ownership.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eAddress: The applicant's residential or business address, which helps establish their identity and location.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eSocial security number: A unique identification number assigned to individuals for tax and credit purposes.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003ePayment history: A record of the lender or applicant's past payment performance, indicating their reliability in meeting financial obligations.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eAccounts: Existing accounts held by the applicant or lender with other creditors or financial institutions.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eVerification: The process of confirming the accuracy and validity of the information provided in the credit application form by the lender.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eDebt: Any outstanding financial obligations or loans that the applicant currently holds.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eLender: The entity or institution extending credit to the applicant.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eClient: Refers to the individual or business seeking credit from a creditor.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eDetermine: The assessment made by creditors to decide whether to approve or decline the credit application.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eDocuments: Supporting paperwork or evidence required as part of the credit application process.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eFunds: The amount of money requested as credit by the applicant.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eCreate: Referring to the act of generating or completing a credit application form.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eWriting: The information provided in the credit application should be accurately and clearly written.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eCollect: The process of gathering all necessary information and documents for the credit application.\u003c\/span\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eNote: The specific details and requirements on a credit application form may vary depending on the creditor, the type of credit being applied for, and the applicable regulations.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e\u003c\/p\u003e\n","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":61657305874572,"sku":"AO-3825","price":252.36,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Credit-Application-Form-_E2_80_93-Legal-Entities-1.jpg?v=1790553390"},{"product_id":"pre-agreement-proposal-instalment-sale-agreement","title":"Pre Agreement Quotation - Installment Sale Agreement - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003ePre Agreement Quotation - Installment Sale Agreement - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eFor an Instalment Sale Agreement\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e(in terms of the NCA) \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSummary \u003c\/strong\u003eA lender that finances goods (such as computers, vehicles, equipment, office furniture etc) for people on an instalment sale basis may consider using this Pre-Agreement Proposal together with their own instalment sale agreement conditions. This Pre-Proposal Quotation has been drafted with the National Credit Act in mind.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhy would I need a Pre-Agreement Proposal? \u003c\/strong\u003eThe National Credit Act requires a lender to provide a borrower with a pre-agreement quotation before the credit agreement is entered into. This pre-agreement proposal is effectively a quotation that sets out the amount of the credit facility and the terms of the borrower’s repayment. A Pre-Agreement Quotation provides for a loan that is repaid in instalments over a specific period, with regular payment obligations.\u003c\/p\u003e\n\u003cp\u003eThis document does not include the Instalment Sale Agreement. We do also offer an \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/finance-agreement-instalment-sale\/\"\u003eInstalment Sale Agreement \u003c\/a\u003ethat includes the Pre-Agreement Proposal.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the template proposal say? \u003c\/strong\u003eThe template covers the following issues: Description of goods; Finance details; Finance term; Instalments.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eHow long is the proposal? \u003c\/strong\u003eThe document can be printed onto three pages.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat do you need to do to use the Pre-Agreement Quotation?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRead the template document to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\u003cli\u003eComplete the relevant details in the Quotation as they pertain to the borrower.\u003c\/li\u003e\n\u003cli\u003eEnsure that the document is signed by both the financier and the borrower.\u003c\/li\u003e\n\u003cli\u003eEnsure that you also have an Instalment Sale Agreement.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eBefore signing this document, the financier is advised to conduct a comprehensive financial and credit check on the borrower, and get the borrower to complete a separate application form for a credit facility.\u003c\/p\u003e\n\u003cp\u003eThis Pre-Agreement Quotation is intended for use in cases where the National Credit Act applies. While it has been drafted in accordance with our interpretation of the legislation, we recommend that you obtain specialist advice before using any document required by the NCA. Agreements Online will not be liable for any damages you may suffer due to your non-compliance with any regulatory requirements.\u003c\/p\u003e\n\u003cp\u003eAlso known as: Pre-Agreement Quotation; Quotation\/Proposal in terms of NCA\u003c\/p\u003e\n\u003cp\u003eAlso viewed: \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/finance-agreement-financial-lease\/\"\u003eFinancial Lease Agreement\u003c\/a\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e\u003c\/p\u003e\n","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":61657306497164,"sku":"AO-3349","price":405.88,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Residentail-Lease-agreement-1000-_C3_97-1000-px-2024-07-19T094042.134.jpg?v=1790553408"},{"product_id":"pre-agreement-proposal-financial-lease-agreement","title":"Pre Agreement Quotation - Financial Lease - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003ePre Agreement Quotation - Financial Lease - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eFor a Financial Lease Agreement\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e(in terms of the NCA) \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSummary \u003c\/strong\u003eA lender that finances goods (such as computers, vehicles, equipment, office furniture etc) for people on a financial lease basis may use a Pre-Agreement Proposal together with their own financial lease agreement conditions. This Pre-Proposal Quotation has been drafted with the National Credit Act in mind.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhy would I need a Pre-Agreement Quotation? \u003c\/strong\u003eThe National Credit Act requires a lender to provide a borrower with a pre-agreement proposal before the credit agreement is entered into. This proposal is effectively a quotation that sets out the amount of the credit facility and the terms of the borrower’s repayment. A Pre-Agreement Quotation provides for the loan of goods that is repaid in rentals over a specific period, with regular payment obligations.\u003c\/p\u003e\n\u003cp\u003eThis document does not include the Financial Lease Agreement. We do offer a \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/finance-agreement-financial-lease\/\"\u003eFinancial Lease Agreement \u003c\/a\u003ewith the Pre-Agreement Proposal included if required.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the proposal say? \u003c\/strong\u003eThis template Pre-Agreement quotation covers the following issues: Description of goods; Finance details; Finance term; Rentals.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eHow long is the document? \u003c\/strong\u003eThe template can be printed onto three pages.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat do you need to do to use the Pre-Agreement Proposal?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRead the template document to ensure that it suits your requirements. Make changes as required.\u003c\/li\u003e\n\u003cli\u003eComplete the details as they pertain to the borrower.\u003c\/li\u003e\n\u003cli\u003eEnsure that the document is signed by both the financier and the borrower.\u003c\/li\u003e\n\u003cli\u003eEnsure that you also have the associated \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/finance-agreement-financial-lease\/\"\u003eFinancial Lease Agreement\u003c\/a\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eBefore signing this document, the financier is advised to conduct a comprehensive financial and credit check on the borrower, and get the borrower to complete a separate application form for a credit facility.\u003c\/p\u003e\n\u003cp\u003eThis Pre-Agreement Quotation is intended for use in cases where the National Credit Act applies. While it has been drafted in accordance with our interpretation of the legislation, we recommend that you obtain independent advice before using any document required by the NCA. Agreements Online will not be liable for any damages you may suffer due to your non-compliance with any regulatory requirements.\u003c\/p\u003e\n\u003cp\u003eAlso known as: Pre-Agreement Quotation; Quotation\/Proposal in terms of NCA\u003c\/p\u003e\n\u003cp\u003eAlso viewed: \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/finance-agreement-instalment-sale\/\"\u003eInstalment Sale Agreement\u003c\/a\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e\u003c\/p\u003e\n","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":61657306529932,"sku":"AO-3347","price":405.88,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Residentail-Lease-agreement-1000-_C3_97-1000-px-2024-07-19T123021.961.jpg?v=1790553409"},{"product_id":"finance-agreement-instalment-sale","title":"Finance Agreement Template -  Installment Sale - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eFinance Agreement Template -  Installment Sale - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eWith a Pre-Agreement Proposal\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e(in terms of the NCA) \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSummary \u003c\/strong\u003eA lender that finances goods (such as vehicles, equipment, office furniture etc) for people on an instalment sale basis may consider using this Instalment Sale Agreement. Provision is made for ownership in the Goods to pass to the borrower once the loan has been repaid. The Pre-Proposal Quotation and Instalment Sale contract have been drafted with the National Credit Act in mind.\u003c\/p\u003e\n\u003cp\u003eThe NCA-required Pre-Agreement Quotation is included with this document.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhy would I need an Instalment Sale Agreement? \u003c\/strong\u003eA contract for an Instalment Sale is used when a person finances goods for someone else, on the basis that ownership in the goods passes to the lender once the loan has been repaid in full. For example, computers, furniture, audio goods, vehicles etc. This Agreement provides for a loan that is repaid in instalments over a specific period, with regular payment obligations.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the Instalment Sale Agreement say? \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe Pre-Agreement Proposal covers the following issues: Description of goods; Finance details; Finance term; Instalments.\u003c\/p\u003e\n\u003cp\u003eThe Instalment Sale terms covers the following issues: Definitions; Suspensive Conditions; Sale of Goods; Delivery and Risk; Insurance; Security; Use; Fees and Charges; Interest; Instalments; Early termination; Customer warranties and undertakings; Default; Consents; Delivery address; General.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eHow long is the template contract? \u003c\/strong\u003eThe template Pre-Agreement Proposal can be printed onto three pages, and the template Instalment Sale terms can be printed onto ten pages.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat do you need to do to use the Instalment Sale Agreement?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRead the documents to ensure that they suit your requirements. Make changes as required.\u003c\/li\u003e\n\u003cli\u003eComplete the relevant details in the Pre-Agreement Proposal and the Instalment Sale Agreement as they pertain to the borrower.\u003c\/li\u003e\n\u003cli\u003eEnsure that the documents are signed by both the financier and the borrower.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eBefore signing this agreement, the financier is advised to conduct a comprehensive financial and credit check on the borrower, and get the borrower to complete a separate application form for a credit facility.\u003c\/p\u003e\n\u003cp\u003eThis Agreement is intended for use in cases where the National Credit Act applies. While it has been drafted in accordance with our interpretation of the legislation, we recommend that you obtain independent advice before using an Installment Sale Agreement. Agreements Online will not be liable for any damages you may suffer due to your non-compliance with any regulatory requirements.\u003c\/p\u003e\n\u003cp\u003eAlso known as: Sale Agreement; Hire-Purchase Agreement; Finance Agreement; HP Agreement; Installment Sale Contract\u003c\/p\u003e\n\u003cp\u003eAlso viewed: \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/finance-agreement-financial-lease\/\"\u003eFinancial Lease Agreement\u003c\/a\u003e\u003c\/p\u003e\n\u003ch3 data-pm-slice=\"1 3 []\"\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eThe benefits of using Instalment sale agreements:\u003c\/span\u003e\u003c\/h3\u003e\n\u003cp\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eAn installment sale agreement, also known as a finance agreement, is a contract between a buyer and a seller that allows the buyer to purchase a property or asset and pay for it over time through installments.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eThe following are some of the use, clauses, highlights, and benefits of an installment sale agreement:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eUse: Installment sale agreements are commonly used when buyers cannot pay the full purchase price upfront or cannot secure bank finance for the purchase.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eClauses: Installment sale agreements typically include clauses that specify the purchase price, interest rate, initial deposit, capital installments, and agreement term. They may also specify the occupational rent payable if the buyer takes occupation of the property before transfer, the responsibility of the parties regarding the property until transfer, and any agent's commission payable.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eHighlights: The sale agreement becomes legally binding when both parties accept it, and the buyer takes possession of the property or asset. The seller retains the title deed until the full purchase price is paid, and the buyer can only transfer the property into their name once the outstanding balance is settled.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eBenefits: Buyers who do not qualify for bank finance can still purchase a property or asset through an installment sale agreement. The National Credit Regulator oversees installment sale agreements to ensure that they comply with the National Credit Act. Additionally, the transfer of ownership can happen sooner than with bank finance.\u003c\/span\u003e\u003c\/li\u003e\n\u003cli\u003e\n\u003cspan data-color=\"var(--purple-10)\"\u003eAn installment sale agreement, also known as an \"ala agreement\", is a legal agreement between a buyer and a seller where the buyer agrees to purchase an asset or property from the seller, paying the purchase price in installments over an agreed-upon period of time.\u003c\/span\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eOne of the most important aspects of an installment sale agreement is the interest rate, which is the percentage charged on the outstanding balance of the purchase price. Interest rates can vary depending on the agreement term and the creditworthiness of the buyer.\u003c\/span\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eThe transfer of ownership of the asset or property is usually done at the deeds office, where the buyer receives the title deed once the full purchase price has been paid.\u003c\/span\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eIf the buyer wants to transfer ownership sooner, they will have to pay off the outstanding balance on the agreement.\u003c\/span\u003e\n\u003cp\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eInstallment sale agreements are commonly used for residential purposes, especially for those who are not able to obtain bank finance or home loans. Banks may be hesitant to provide loans to buyers who do not meet their strict lending criteria, and installment sale agreements can provide an alternative solution for both the seller and the buyer.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eThe bank may also be involved in the installment sale agreement as a credit provider, providing loans to the seller, which are secured against the property being sold. This means that if the seller defaults on their loan, the bank can take possession of the property to recover the outstanding balance.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eThe seller has the responsibility to ensure that the property is free of any encumbrances or debts, and that the transfer of ownership is done on behalf of the buyer.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eAs part of the agreement, the buyer agrees to repay the full purchase price, including interest, in installments over an agreed-upon period of time. The seller accepts this repayment on the buyer's behalf.\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cspan data-color=\"var(--purple-10)\"\u003eIn summary, installment sale agreements provide an alternative solution for buyers who are unable to obtain bank finance or home loans. The agreements involve the payment of the purchase price in installments, with interest charged on the outstanding balance. The transfer of ownership is done at the deeds office, and the bank may be involved as a credit provider or to secure the loan. The seller has the responsibility to ensure the property is free of any encumbrances, and the buyer accepts the responsibility to repay the full purchase price on the seller's behalf.\u003c\/span\u003e\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e\u003c\/p\u003e\n","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":61657306562700,"sku":"AO-3342","price":1534.57,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Finance-Agreement-_E2_80_93-Instalment-Sale-Agreement-1.jpg?v=1790553410"},{"product_id":"finance-agreement-financial-lease","title":"Finance Agreement Template - Financial Lease - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eFinance Agreement Template - Financial Lease - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eWith a Pre-Agreement Proposal\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e(in terms of the NCA) \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSummary \u003c\/strong\u003eA Financial Lease Agreement is intended to be used by a lender that finances goods (such as vehicles, equipment, office furniture etc) for people on a financial rental basis. Provision is made for ownership in the goods to pass to the lessee at the end of the rental period, if this is what the lender and borrower agree.\u003c\/p\u003e\n\u003cp\u003eThe NCA-required Pre-Agreement Quotation is included with this document.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhy would I need a Financial Lease Agreement? \u003c\/strong\u003eA Finance Agreement may be used when a person finances goods for someone else, on the basis that ownership in the goods may pass to the lessee at the end of the period. For example, giving finance for computers, furniture, audio goods, vehicles etc. This Finance Agreement provides for the payment of a rental for a specific term with regular payment obligations.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the template agreement say? \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe Pre-Agreement Proposal addresses: Description of goods; Finance details; Finance term; Rental; Residual value.\u003c\/p\u003e\n\u003cp\u003eThe Financial Lease Agreement addresses: Definitions; Suspensive Conditions; Lease of Goods; Delivery and Risk; Insurance; Security; Use; Fees and Charges; Interest; Rentals; Early termination; Customer warranties and undertakings; Default; Consents; Delivery address; General.\u003c\/p\u003e\n\u003cp\u003eThe Pre-Proposal Quotation and Finance Agreement have been drafted in accordance with our interpretation of the National Credit Act.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eHow long is the Financial Lease Agreement? \u003c\/strong\u003eThe template Pre-Agreement Proposal can be printed onto three pages, and the template Financial Lease Agreement can be printed onto ten pages.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat do you need to do to use the Financial Lease Agreement?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRead the template documents to ensure that they suit your requirements. Make changes as required.\u003c\/li\u003e\n\u003cli\u003eComplete the relevant details in the Pre-Agreement Proposal and the Finance Agreement as they pertain to the borrower.\u003c\/li\u003e\n\u003cli\u003eEnsure that the documents are signed by both the financier and the borrower.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eBefore signing this agreement, the financier is advised to conduct a comprehensive financial and credit check on the borrower, and get the borrower to complete a separate application form for a credit facility.\u003c\/p\u003e\n\u003cp\u003eAlso viewed: \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/finance-agreement-instalment-sale\/\"\u003eInstalment Sale Agreement\u003c\/a\u003e\u003c\/p\u003e\n\u003cp\u003eThis Agreement is intended to be used in transactions where the National Credit Act applies. While it has been drafted in accordance with our interpretation of the legislation, we recommend that you obtain independent advice before using a Financial Lease Agreement. Agreements Online will not be liable for any damages you may suffer due to non-compliance with any regulatory requirements.\u003c\/p\u003e\n\u003cp\u003eSynonymous with: Finance Agreement; Lease Agreement; Financial Rental Agreement; Rent-to-Own Agreement; Loan Agreement\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.\u003c\/strong\u003e\u003c\/p\u003e\n","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":61657306595468,"sku":"AO-3340","price":1534.57,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Finance-Agreement-_E2_80_93-Financial-Lease-Agreement.jpg?v=1790553411"}],"url":"https:\/\/agreementsonline.co.za\/collections\/financial-agreement-templates-sa.oembed","provider":"Agreements Online","version":"1.0","type":"link"}