{"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","url":"https:\/\/agreementsonline.co.za\/products\/pre-agreement-proposal-instalment-sale-agreement","provider":"Agreements Online","version":"1.0","type":"link"}