enrolment application form – advanced ......2020/07/09 · enrolment application form –...

ENROLMENT APPLICATION FORM – ADVANCED CERTIFICATE I N FOUNDATION

PHASE TEACHING - 2020 P O Box 8210, WESTGATE, 1734, South Africa

Tel: (011) 760-3668 Fax: (011) 763-8648 E-mail: [email protected]

Edutel Higher Education is provisionally registered with the Department of Higher Education and Training until 31 December 2021 as a private higher education institution under the Higher Education Act, 1997. Registration certificate No. 2017/HE07/001.

• By completing and submitting this enrolment application form, you are applying to be enrolled as a student for a course(s) offered by us.

• In this application, “we”, “us” or “our” refers to Edutel Higher Education (Proprietary) Limited and “you” or “your” refers to the individual described in section A of this application.

• This application includes the terms and conditions attached in Appendix 1. • You must complete all sections in full and sign in full where indicated in Section H. • You must provide us with a certified copy of your ID, latest salary advice and certified copies of your qualifications with

your application. Also include proof of computer literacy course, if attended. Please indicate whether you are a: Principal Deputy Principal HOD Educator

SECTION A STUDENT NUMBER (If you have enrolled with us before)

YOUR PERSONAL DETAILS: Code 999 TITLE: SURNAME: FIRST NAMES AGE Years SEX M F MARITAL STATUS SINGLE MARRIED DIVORCED WIDOWED RACE BLACK COLOURED ASIAN WHITE HOME LANGUAGE DISABILITY STATUS Y N If yes, please specify: ________________________________________________ CITIZEN STATUS SA CITIZEN OTHER IDENTITY NUMBER SACE REGISTRATION NUMBER POSTAL ADDRESS POSTAL CODE STREET ADDRESS POSTAL CODE TEL (H) - ) - CELL E-MAIL ADDRESS HOW WOULD YOU LIKE US TO COMMUNICATE WITH YOU POST FAX E-MAIL TELEPHONE

HOBBIES

A

C T F

SECTION A (Continued) RELATIVE'S NAME (Not living with you) ..........................................................….…….….………………………….

ADDRESS ……………….............................………………………...............................................….…….….…... ……………………………………………………………………………………..… (POSTAL CODE TEL. (H) (.........) .............….….……… (W) (……..) ………………………..…FAX (.........) ..………..…......……… YOUR OCCUPATION ………………………………………………………………………………………………………….. YOUR EMPLOYER ..............................…………………………………………………………………………..………….. YOUR EMPLOYER'S ADDRESS ....................................................................................…………………....…….. ……………………………………………………………………………………… POSTAL CODE

TEL. (W) (……….) …………………………………………………… (F) (…………) ………………………………..

SECTION B YOUR SCHOLASTIC/TERTIARY QUALIFICATIONS: HIGHEST GRADE PASSED? GRADE OTHER CERTIFICATES COMPLETED: ......................................................................................................... DIPLOMAS COMPLETED: ………........................................................................................…………………... DEGREES COMPLETED: ……………………………………………………………………………………………….. You must be (ICT) Computer Literate to complete the ACT: Foundation Phase Teaching. Please confirm whether

you are computer literate and answer the questions below: ARE YOU (ICT) COMPUTER LITERATE? YES NO DO YOU HAVE A CERTIFICATE OR PROOF THAT YOU HAVE COMPLETED A COMPUTER LITERACY (ICT) COURSE? YES NO NOTE: PLEASE INCLUDE PROOF WITH THIS APPLICATION. If you are computer (ICT) literate but don’t have a certificate to proof it, sign here to confirm that you are computer (ICT) literate: _________________________________ DO YOU HAVE ACCESS TO A COMPUTER LAPTOP IPAD TABLET If you are not computer (ICT) literate when you register for the ACT: Foundation Phase Teaching, you are requested

to complete the declaration below:

Declaration of undertaking: I hereby declare that I am aware that I must be computer (ICT) Literate and I undertake to complete the online Computer Literacy workshop that I will receive after registration in order to acquire the skills needed to complete the ACT: Foundation Phase Teaching. I need to have my own computer with sound or a laptop including data/wi-fi to attend the training. If I do not complete the online ICT workshop presented by Edutel, I undertake to provide Edutel with evidence that I have attended another computer literacy programme at a registered, reputable, training institution.

Signature: ____________________________________________

SECTION C If you are married in community of property, your guardian or spouse (if applicable) must complete the following declaration: I, ___________________________________________________________________________ (full names) Identity Number: ______________________________________________________, as guardian or spouse (delete whichever is not applicable) of the student in Section A of this application, hereby declare that this application is being made with my permission, and that, where I am the guardian, I hereby bind myself as surety for, and co-principal debtor to the student in Section A of this application for the due and punctual performance of the said student’s obligation arising out of this agreement. Occupation: ____________________________________________________________________________________ Physical address: _______________________________________________________________________________ ______________________________________________________________________________________________ (Chosen address for service of legal and other processes) Work address: _________________________________________________________________________________ Signature: ____________________________________________ Date: ___________________________________ SECTION D Cash: R21 090 (one payment) OR Terms via Fundi Study Loan

Loan amount No of Instalments

Instalment amount

R21 090 30 R994.74 OR Should you not qualify for a Fundi Study Loan, you can pay via Edutel debit order.

Course fee: R26 362.50 Deposit required: R5 272.50 18 Instalments of R1 171.66 Students who pay cash or via Fundi Study Loans receive 20% discount on the course fee of R26 362.50.

Edutel Higher Education banking details: Bank: ABSA Account Holder: Edutel Higher Education Branch Code: 630156 Account No: 407-015-3037 Please include your ID number as reference when making a deposit.

SECTION D (continued) LEVEL, CREDITS AND LEARNING COMPONENTS ASSIGNED TO THE QUALIFICATION Total Qualification Credits – 120 ALL modules are compulsory EXCEPT for the Home Language modules where students choose their Home Language. Electives: Choose one Home Language (Please tick the language of your choice)

• Afrikaans HL, AHL 610 or

• English HL EHL 510 or

• isiXhosa HL, XHL 610 or

• isiZulu HL, ZUL 610 or

• Sepedi HL, SEP 610 or

• Setswana HL, SET 610 20 credits

SECTION E May we contact you via sms or e-mail? sms e-mail

Which social media do you use? Facebook Twitter Whatsapp SMS Other __________________ If you have another number for Whatsapp other than the cellphone number you already listed, please indicate it here:

SECTION F NAEDO Debit order AUTHORITY AND MANDATE FOR NAEDO PAYMENT INSTRUCTION S – Must be completed by all applicants, unless you pay cash for your course. A. AUTHORITY GIVEN BY: (NAME OF ACCOUNT HOLDER) ________________________________________________________ (ADDRESS) ___________________________________________________________________________________ BANK ACCOUNT DETAILS: BANK NAME __________________________________________________________________________________ BRANCH NAME AND TOWN _____________________________________________________________________ BRANCH NUMBER ACCOUNT NUMBER TYPE OF ACCOUNT: CURRENT (CHEQUE)/SAVINGS/TRANSMISSION)* *(DELETE WHERE NOT APPLICABLE) YOUR SALARY PAY DAY: ____________________________________________ Date of first debit order deduction: ___________________________________________ REFER TO OUR CONTRACT DATED ________________________________________ (“the Agreement)” I/We hereby authorise you to issue and deliver payment instructions to your banker for collection against my/our abovementioned account at my/our abovementioned bank on condition that the sum of such payment instructions will never exceed my/our obligations as agreed to in the Agreement. Signature: _______________________________________________________ Signature of surety: ________________________________________________

SECTION G Credit Card Option (5.7% Levy Payable) Type: VISA MASTER OTHER Total Cash Amount R - Budget Account 3 Months 6 Months 12 Months 24 Months Name as it appears on card: _____________________________________________________________________ Credit Card Number Expiry date on Credit Card Last three digits on back of credit card Signature of Cardholder: _________________________________________________________________________

SECTION H

By signing below, you signify your acceptance of the Terms and Conditions that apply to this application, as set out in Appendix 1 to this application. SIGNED AT ……………………………………….. ON THIS ………DAY OF ……………………… YEAR……… SIGNATURE OF STUDENT ..................................................................................

Please indicate the nearest centre where you wish to attend contact sessions and your orientation session, as also computer literacy, should you have registered for the computer literacy workshop during school holidays (pending numbers). Dates and further information will be mailed to you in due course. Please note that a contact session will only take place if there is a sufficient number of bookings. If there is not a sufficient number, you could be directed to a venue nearest to the one you indicated. Examinations will also be written at the centre you indicate. New examination centres can be considered, pending the number of students wanting to write examinations at these centres. A written request can be directed to the Examination Officer. GAUTENG EASTERN CAPE Johannesburg Mthatha Pretoria East London FREE STATE KWAZULU NATAL Bloemfontein Durban LIMPOPO Empangeni Polokwane Kokstad NORTHWEST PROVINCE MPUMALANGA Klerksdorp Nelspruit Mafikeng WESTERN CAPE

Cape Town

Other _________________________________ Province: ___________________________

CONTACT CENTRES (Select one only)

EXAMINATION AND CONTACT CENTRES:

APPENDIX 1 TERMS AND CONDITIONS

Your Enrolment 1. If this Application is accepted by us, it will, from the time of acceptance, become a valid and binding contract

between us and you. Our Responsibilities 2. We will, as soon as possible after receiving this Application, consider it and notify you whether or not it has been

accepted. 3. If this Application is accepted, we will make sure that you receive, in good time, the appropriate study material for

the Course. 4. We will ensure that all approvals of the Quality Assurance bodies in relation to the Course are retained. 5. We will ensure that such appropriately qualified personnel as are necessary for the conducting of the Course are

assigned to you. 6. We will grant you three years to complete your two-year course. Edutel’s Policies and Procedures applies in this

regard. 7. We will provide you with a Computer Literacy manual as part of your programme. Should you not be ICT

competent, you will have the opportunity to attend an online ICT workshop. Your Responsibilities 8. You must, if we require it, make available to us the originals of all documents relevant to this Application. You

must take note of the requirements for the Course, as well as the minimum requirements in order to pass the Course.

9. You must also avail yourself of the online orientation session, all contact sessions, mode of delivery, times and venues (if face-to-face) in relation to the Course.

10. It is your responsibility to ensure that assignments reach us, or the institute concerned on time. 11. The student also agrees to register with SACE for CPTD in line with the implementation time frame of SACE.

Edutel will not be able to upload CPTD points earned (if applicable to the programme), should you not have registered yourself with SACE for this purpose, and confirmed your registration with Edutel by providing Edutel with the necessary registration details.

12. The responsibility lies with you to make sure whether your course will earn CPTD points or not. 13. It is the responsibility of the student to confirm with his/her employer whether the course would be recognised, as

Edutel cannot guarantee such recognition. 14. You agree to inform your employer about the fact that you have registered for this course and you will ensure that

you will get yourself a mentor in your workplace to mentor you on the performance criteria of the course you have registered for. You will ensure that the mentor meets the requirement of a person having a proven track record in the qualification you have registered for. You also agree to inform Edutel in writing as to who this mentor is and provide us with a copy of your mentor’s CV, confirming his/her competence in this regard. The mentor must be willing to observe and assist you in the workplace as required by the course. If Edutel does not approve of your mentor, you will need to seek a mentor who meets the criteria set by Edutel.

15. It will be your responsibility to register for examinations and online/face-to-face contact sessions (as applicable) and to make sure your registration was accepted.

16. I acknowledge that I am aware of the fact that I need to be ICT competent in order to complete my course successfully and that I need to provide Edutel with evidence that I am ICT competent.

17. I take full responsibility for the declaration made under Section B. I am fully aware of the importance of ICT. 18. I undertake to attend the Computer Literacy workshop as arranged by Edutel if I am not computer literate. 19. I acknowledge that I need access to a computer (suitable equipment) and data to do (some/all of) my

assignments, attend zoom sessions and access Edutel’s LMS (Moodle). 20. I acknowledge that I need to bring my own laptop and modem for computer literacy training, orientation sessions

and contact sessions if and when done face-to-face. 21. I acknowledge that all travelling, meals and accommodation costs when attending workshops or contact sessions

will be for my own account in case of face-to-face sessions. 22. I acknowledge and agree that if I am not computer literate and do not attend the online computer literacy

workshop, I could not use this as a reason to cancel this application. 23. I acknowledge that I will assist to identify a functional school with an EMIS number where I can complete my

Work Integrated Learning for my programme. Fees 24. You must pay the fees for the Course in accordance with Section D of this Application. 25. First-time assessment and examination fees are included in the Course fees. Re-assessment or further

examination fees need to be paid separately if you are found not competent or fail your examination the first time. 26. Should you choose to make use of the Fundi/Student loan (stop order facility) or debit order and Fundi doesn’t

approve of your application, you hereby give Edutel the right to deduct your course fee from your bank account. Edutel charges no interest.

27. You will not be able to receive or attend contact sessions or write examinations if your account is in arrears. 28. You will only be allowed to attend a contact/orientation session once, if face-to-face. Zoom sessions can be

viewed at a later stage.

Your Declarations 29. You declare that – 29.1 the information provided in this Application is both true and correct; 29.2 all copies provided are true copies of the originals thereof; and 29.3 you are aware of the curriculum and qualification of the Course. Copyright 30. Copyright subsists in all study material provided to you in relation to the Course. Any unauthorised reproduction

or adaptation thereof will constitute an act of copyright infringement, leaving the offender liable for civil law copyright infringement and, in certain circumstances, criminal prosecution.

Your Right to Cancel 31. You may cancel your enrolment for the Course at any time before you receive the study material. 32. If you exercise your right to cancel in terms of paragraph 31 above, you will be charged a cancellation fee equal

to 10% of the full course fees, which compensates us for some of the costs that we have incurred in respect of your Application and its acceptance.

33. If you cancel your enrolment at any other time or otherwise give up your studies you will remain liable for the full course fees.

Legal Action 34. You hereby consent to the jurisdiction of the Magistrates’ Court for purposes of any legal action we may take

against you as a result of your failure to comply with any of your obligations in terms of this Application. 35. You accept and agree that, if we take any legal action against you, you will be liable for any, and all costs

incurred by us in doing so, including costs on an attorney and own client scale. 36. A certificate signed by any of our managers (whose designation, appointment or authority it shall not be

necessary to prove), as to the existence and amount of your indebtedness to us at any time and/or any other fact matter or thing relating to your indebtedness to us, shall be prima facie proof of the contents and correctness thereof and of the amounts of all your indebtedness for the purposes of provisional sentence or summary judgment, or any other proceedings against you in any competent court and shall be valid as a liquid document for such purposes.

General Terms 37. You accept and agree that the street address provided by you in Section A of this Form shall be your chosen

address for service of legal and other process arising from this Application. 38. You cannot transfer or delegate any of your rights or duties under this Application, or under any part hereof,

without our written consent. 39. We can transfer or delegate any of our rights and duties under this Application, or under any part hereof, upon

notice to you. 40. In case of distance learning programme, you nominate the South African Post Office, PAXI or AMEX as the only

agent to be used by Edutel to dispatch your learning material to you. 41. You acknowledge that plagiarism is an offense and that you are aware that plagiarism will constitute disciplinary

procedures. 42. You acknowledge that your enrolment is valid for as long as this qualification is valid according to SAQA. Applicant’s signature: ________________________________________________________________________ Date: ________________________________________

Tel: (011) 760-3668 Fax: 086 274 9992 P.O. Box 8210 E-mail: [email protected] ABSA Building, 1st Floor WESTGATE www.edutel.ac.za Cnr Ontdekkers Road & Crane Avenue, Horizon, 1724 1734

Provisionally registered with the Department of Higher Education and Training until December 2021 as a private higher

education institution under the Higher Education Act, 1997. Registration Certificate No.2017/HE07/001.

______________________________________________________________________________________________________________________________________________________ Directors: AB Pelser, O Bashing, J Pillay – Reg. 2007/017626/07

Date: ______________________

DECLARATION I, (STUDENT NAME) _________________________________________________, (STUDENT NUMBER) _______________________________________________ am fully aware that the programme I have enrolled on, that is, the Advanced Certificate in Foundation Phase Teaching, SAQA ID: 110648, NQF 06, is registered with the Department of Higher Education and Training to Edutel Higher Education (Pty) Ltd as indicated on the registration certificate dated 23 November 2019.

_____________________________ Andries Pelser CEO: Edutel Higher Education (Pty) Ltd _________________________________ Signature: Student Date signed: _____________________________________________________

WORKPLACE CONFIRMATION LETTER

To whom it may concern

I hereby confirm that Mr/Ms/Mrs _______________________________________________

Identity/passport number:

Student number:

is teaching or has access to a classroom to teach foundation phase learners (as indicated

below) for the duration of the programme enrolled for.

WIL (Work Integrated Learning) will only start from the second year of the programme

during which the student will also need a qualified Foundation Phase teacher to mentor the

teacher. The student is now doing the first year during which no WIL or mentorship will be

required.

Name of school: _____________________________________________________________

School address (Physical and Postal): ____________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

Postal code: __________________________________

EMIS no: _____________________________________

__________________________________________________________

School stamp

Official stamp

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By signing this Application Form, the Applicant confirms that the information provided herein is to his/her knowledge and belief true and correct, and that no information required for evaluating the loan application has been omitted. The Applicant acknowledges that, subject to the correctness of the information supplied in this Application Form, if approved, the Application Form will constitute a Pre-agreement Statement and Quotation and acceptance thereof will constitute a binding Loan Agreement on the above Terms and Conditions read with Part B hereof, the contents of which are deemed to be incorporated herein. Call 0860 55 55 44 for assistance in completing this form.

A8

A7

A6

OFFICE USE ONLY

Commission agent code:

Agent’s Name: ID:

Signature of Credit Provider Representative Date:

COMMUNICATION OPTIONS (Applicant preferences)■ STANDARD MARKETING COMMUNICATIONS. The Applicant opts to be excluded in FUNDI's distribution of marketing material.

■ Where did you hear about us:

■ BUSINESS COMMUNICATION. Preferred method of communication:

Mobile SMS Email Ordinary Mail

LOAN APPLICATION FORM/AGREEMENT

STAMP HERE

“Pre-Agreement Statement, Quotation and Loan Agreement in terms of Section 92 and 93 of the National Credit Act, 34 of 2005. Fundi Capital (Pty) Ltd (formerly Edu-Loan (Pty) Ltd) is a registered credit provider (NCRCP 158) Co. Reg. 1996/003961/07.Terms and Conditions apply. In support of responsible lending, FUNDI would like to notify you that you have the right to Debt Counselling. For more information, contact the NCR on 0860 627 627 / www.ncr.org.za

Yes No

Applicant Signature D D / M M / Y Y

Fundi, Constantia Park,Cnr 14th Ave & Hendrik Potgieter Road, Weltevreden ParkPO Box 5287, Weltevreden Park 1715Email : [email protected]

Call centre: 0860 55 55 44 | email : [email protected] No: 4550176798 | Initiation & admin fee are VAT inclusive

The Parties agree that FUNDI will advance the Loan Amount to the Applicant and pay it directly to the relevant Service Provider for and on behalf of the Student. The Applicant undertakes to repay the Total Amount Repayable in the number of monthly instalments as detailed in the Repayment Schedule above. Where applicable, the Applicant authorises his/her Employer specified above to deduct the monthly instalments from his/her salary. Any charges levied by the Employer to effect the salary deduction will be for the account of the Applicant and the Employer will recover the costs directly from the Applicant’s salary. If FUNDI does not have a deduction agreement with the Applicant’s Employer, or if a salary deduction cannot be executed or is not applicable, the Applicant authorises FUNDI to deduct the monthly instalments from the bank account specified above via a debit order. All debit order deductions will be aligned with the Repayment Date, which will be the salary date of the Applicant as specified above. The Applicant will ensure that there are enough funds in his/her account on the Repayment Date and agrees to pay any bank charges for this debit order authority and instruction. FUNDI may track the Applicant’s account every day until the Applicant has paid off everything the Applicant owes for that repayment cycle. Should FUNDI become aware of a change to the salary date or the bank account details of the Applicant, FUNDI has the right to change the debit order details accordingly. The Applicant agrees to advise FUNDI, in writing, of any changes to the Applicant’s salary date, bank account details or the date on which there are enough funds in the Applicant’s bank account to cover the Total Monthly Instalment Amount, within 2 days of such change. If the Repayment Date falls on a Sunday or a public holiday, the Applicant agrees that FUNDI may deduct the Total Monthly Instalment Amount from the Applicant’s salary or debit the Applicant’s bank account on the immediately preceding business day. The Applicant agrees that this debit order authority and mandate will apply to any amendments or extensions of the Loan Agreement. The Applicant understands that cancellation of this debit order authority and mandate will not cancel the Loan Agreement and that any amounts deducted from the Applicant’s salary or withdrawn from the Applicant’s bank account under this authority cannot be claimed back if they were legally owed to FUNDI. The Applicant acknowledges that FUNDI may cede or assign (give) this debit order authority and mandate to a third party or another credit provider, if it has also ceded or assigned the loan agreement to that third party or credit provider.

(Formerly known as Edu-Loan)

CREDIT LIFE INSURANCE

PAYMENT OR DEBIT ORDER INFORMATION

Please be advised that this section is not required for Applicant’s whose Loan Amount is less than R10 000. Should an Applicant’s Loan Amount be in excess of R10 000, then the Applicant shall be required to obtain credit life insurance for that loan. The Applicant shall be entitled to choose an insurer of its choice.Credit life insurance required? Yes No Does the Applicant accept insurance via Universal Insurance Administrators Proprietary Limited (the “Insurer”)?If the Applicant selected ‘No’ to the Insurer for the provision of credit life insurance, name the company with which the Applicant is receiving credit life insurance: ___________________________Policy Number of insurance from other company: __________________________Applicant acknowledges that he/she will have to submit evidence pertaining to the existence of his/her own arranged credit life cover when submitting this application/agreement together with other required documentation in terms of this application/agreement. The Applicant has been advised about the Ts &Cs of the Universal Insurance Administrators as set out in this Agreement and the Policy Schedule Agreement Yes No

Yes No

1. THE EDUCATIONAL LOAN AGREEMENT (“the Loan Agreement”)1.1 TheLoanAgreementconsistsofPartA,beingthePre-agreement Statement, Quotation and Repayment ScheduleaswellasthisPartB,beingthetermsandconditions,andinthe

caseofEquipmentFinance,includestheEquipmentApplicationFormattachedhereto,oncesignedbytheParties,anditistheonlyrecordoftheissuesaddressedherein.1.2 TheLoanAgreementisenteredintobyandbetweenFundiCapital(Pty)Ltd(“FUNDI”)andtheApplicantdetailedinPartA.1.3 FUNDIisregisteredintermsoftheNationalCreditActNo.34of2005(“NationalCreditAct”)undernumberNCRCP158.1.4 ThesupplyoftheEquipmentintermsoftheFundiToolsApplicationFormattachedhereto,isenteredintobyandbetweenEdu-LoanTechnologies(Pty)LtdandtheApplicant

detailedinPartA.1.5 TheApplicantunderstandsthat:

1.5.1 ThetermsandconditionsapplicabletotheLoanAgreementwillatalltimesbesubjecttotheprovisionsoftheNationalCreditAct.1.5.2 ThetermsandconditionsapplicabletothesaleoftheEquipmentwillatalltimesbesubjecttotheConsumerProtectionActNo.68of2008.

1.6 “PrimeInterestRate”meansthepubliclyquotedvariableannualbasicrateofinterest,publishedfromtimetotimebythebankersofFUNDIasbeingtheirprimerateandascertifiedbytheauditorsofFUNDI,whoseappointmentitshallnotbenecessarytoprove.DetailsofsuchbankerswillbeprovidedtotheApplicantwhensorequestedinwriting.

1.7 “Applicant”meansthepersonwhosedetailsarereflectedonPartAoftheApplicationFormwhethercapturedonpaper,orviaelectronicmeanssuchasvoicerecordings,computergeneratedandcaptureddataorsimilarmeans.

2. CREDIT LIFE INSURANCE 2.1 ThecreditlifeinsuranceagreementisenteredintobetweenUniversalInsuranceAdministratorsProprietaryLimited(the“Insurer”)andtheApplicantdetailedinPartA(“CreditLife

Insurance”).2.2 TheInsurerisaregisteredfinancialservicesproviderregisteredundertheFinancialAdvisoryandIntermediaryServiceActNo37of2002(“FAISAct”).2.3 TheApplicantunderstandsthat: 2.3.1ThetermsandconditionsapplicabletotheCreditLifeInsurancewillatalltimesbesubjecttotheprovisionsoftheFAISAct; 2.3.2IftheApplicanthasselectedtheInsurerasproposedbyFUNDI,theApplicantacknowledgesthat: 2.3.2.1TheApplicantwasinformedofhis/herrighttowaivetheproposedpolicyofinsuranceandsubstituteapolicyofhis/herchoice. 2.3.2.2FUNDIfurnishedtheApplicantwithacopyofthepolicydocumentandhaveexplainedthetermsandconditionsofthepolicytotheApplicant; 2.3.2.3TheApplicantisfamiliarwiththeexclusionscontainedinthepolicydocument; 2.3.2.4“TheApplicanthasnominatedFUNDIasfirstlosspayeeintermsofthepolicyuptothesettlementvaluesuchthatupontheoccurrence

ofoneoftheinsurableeventsundertheCreditLifeInsurance,FUNDIwillreceivepaymentuptothesettlementvalueintermsofthepolicyofinsurance.”

2.4 TheApplicantirrevocablyauthorizesFUNDIonbehalfoftheInsurertoobtainfromanyperson,doctororinstitution(whomtheApplicantherebyauthorizesandrequeststoprovide)anyinformationwhichFUNDI,onbehalfoftheInsurerdeemsnecessarytofacilitatetheconsiderationofanyclaimforanybenefitspayableintermsofthepolicyofinsurance.

2.5 ThepremiumratesunderthepolicyofinsurancearenotguaranteedandmaybealteredontheadviceofanactuaryfromtheInsurer.InsuchaneventtheApplicantwillbegivenonemonth’spriorwrittennoticeofanychangestotherates.

2.6 TheApplicantacknowledgesthattheinsurancecoveragewillbeeffectedoncethefirstpremiumisreceivedbytheinsurer.2.7 IftheApplicanthasarrangedhis/herowninsurancepolicy,theApplicantmust: 2.7.1furnishFUNDIwithdocumentaryevidencethatthepolicyiseffective,includingspecificdetailsthereofuponrequesttherefore; 2.7.2uponrequestbyFUNDI,provideFUNDIwithwrittenproofofpaymentofallpremiumsrelatingtotheabove-mentionedinsurancecoverandwherethe Applicantfailstodoso,FUNDIshallbeentitledbutnotobligedtoeffectpaymentofanypremium,whetherinarrearorcurrent,inwhicheventanysuchamountpaid byFUNDIshallberepaidupondemandandmaybesetoffagainstanysumsduebyFUNDItotheApplicantfromwhatsoevercausearising; 2.7.3atalltimesadherestrictlytothetermsandconditionsimposedintermsofthepolicyofinsurancereferredtoabove; 2.7.4notusetheEquipmentinbreachofthetermsoftheinsurancecoverreferredtoabove; 2.7.5procurethatFUNDIisendorsedasfirstlosspayeeonthepolicyofinsuranceandfurnishFUNDIwithwrittenproofofsuchendorsementbytheinsurers electedbytheApplicant.

ANNEXURE: TERMS AND CONDITIONS PART B

Initial:

Applicant Spouse

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3. PAYMENTS3.1 TheRepaymentSchedulecontainedinA4ofPartAsetsouttheinformationrelatingtothecreditextendedandtheInsurancePremiumrequiredtobemaintainedbytheApplicant (ifsoapplicable).3.2 TheApplicantmustmakeconsecutivemonthlypaymentstoFUNDIthataredueandpayableintermsofthisLoanAgreementonorbeforetheRepaymentDate(whichdateisthesameas

theApplicant’ssalarydate)withoutset-offordeduction.3.3 TheApplicantmustalsomakepaymentoftheinsurancepremiumspayablebyFUNDI(onbehalfoftheApplicanttotheInsurer)inrespectoftheinsurancecoverrequiredtobemaintained

bytheApplicant.3.4 ThepaymentofboththemonthlyinstalmentoftheLoanAmountandpremiuminrespectofthecreditlifeinsurancewillbepaidtoFUNDIbymeansofonedebitorderinrespectofboth

amounts.3.5 Paymentoftheloanamount,foreigntransferpaymentandinsurancepremium(ifapplicable)ismadedirectlybyFUNDItotheServiceProvider/Institution/Insurer/School.3.6 FUNDIwillcrediteachpaymentmadeundertheLoanAgreementandcreditlifeinsurancepolicy(ifapplicable)totheApplicant’saccountonthedateofreceiptofthepaymentasfollows: 3.6.1firstly,tosatisfyanydueorunpaidinterestcharges; 3.6.2secondly,tosatisfyanydueorunpaidfeesorcharges; 3.6.3thirdly,toreducetheamountoftheprincipaldebt; 3.6.4lastly,tosatisfyanydueorunpaidpremiumsinrespectofthecreditlifeinsurancepolicy(ifapplicable)shouldtheApplicanthavedefaultedinmakingsuchpaymentsinrespectofno

morethantwoconsecutivemonths.3.7 FUNDIwillmakethepaymentoftheLoanAmount,assetoutinA4ofPartAtotherelevantServiceProvider.“ServiceProvider”referstotheInstitution,School,SupplierofUniformsor

Equipment,FundiCard(beingadebitcardontowhichtheLoanAmountmaybeloaded)oranyotherthirdpartythatprovidesservicesorgoodsrelatedtoandforaneducationalpurposeandasapprovedbyFUNDI.

3.8 TheInstitution/SchoolwillnotbepermittedtorefundanyofthefundspaidtoitbyFUNDItothestudentortheApplicant.TheunusedfundswillbetransferredbacktoFUNDIandcreditedagainsttheApplicant’saccount.FUNDIwillthereafterrefundtheApplicantintothebankaccountoftheApplicant,thedetailsofwhichareprovidedforinA4ofPartAorifamendedintothelatestbankaccountprovidedtoFUNDIinwriting,ifsuchrefundisduetotheApplicant.

3.9 TheApplicantmaymakeadditionalpaymentstosettletheLoanAgreementearlyorpaymonthlyinstalmentsearlierwithoutgivinganynoticeorpayinganypenaltytoFUNDI.3.10 ShouldtheApplicantmakeadditionalpaymentstosettletheLoanAmountearly,thecreditlifeinsurancecoverwillautomaticallyterminateuponsuchsettlementandtheApplicantwill

notbeliabletocontinuemakingpaymentofpremiums.3.11 Thesalaryand/ordebitorderdeductions,whicheverisapplicable,willbealignedwiththeRepaymentDateasdirectedbytheApplicantinA4ofPartA.3.12 TheApplicantundertakestoinformFUNDIinwritingofanychangesrelatedtohis/herpaymentmethodand/orhis/heremploymentstatus.3.13 Theinsurancepremium(ifapplicable)forApplicantswhoaregovernmentemployeeswillbecollectedseparatelyfromtheApplicant’spersonalaccountwhichtheApplicantwillprovidein

A5PartAandintheInsurancePolicyScheduleAgreement.3.14 TheApplicantacceptsthat: 3.14.1ShouldthedateoftheApplicant’sdebitorderfallonaweekendorpublicholiday,thedebitorderwillgooffonthelastbusinessdaybeforetheweekendorpublicholiday; 3.14.2Shouldthedebitorderfailorisrejected,FundireservestherighttochangethedateoftheApplicant’sdebitorderorresubmitthedebitorderonanotherdatewithoutnotifyingthe ApplicantofthisandtheApplicantwillbesolelyresponsibleforthepaymentofanyfeeschargedbytheApplicant’sbankinthisregard; 3.14.3FundimayrequestthatadebitordergoofftheApplicant’saccountearlierthanonthedateselected.FundiwillnotifytheApplicantofthisinadvanceandiftheApplicantdoesnot

wantFunditodothis,theApplicantmustinformFundi; 3.14.4FundireservestherighttoperiodicallyaligndebitdatesandtracktheApplicant’saccounttomatchtheflowofcredit; 3.14.5He/ShecannotcancelmonthlydebitorderwithoutFundi’spriorwrittenconsent.

4. EARLY SETTLEMENT AND ACCOUNT TERMINATION BY APPLICANT4.1 TheinterestandfeesonamountsinarrearswillbethesameastheinterestrateandfeeschargedinrespectoftheLoanAmount.4.2 FUNDImaychargeandrecoverthefollowingfeesinrespectoftheLoanAgreementprovidedthatthesefeesdonotexceedtheprescribedlegalmaximumintermsoftheNationalCreditAct: 4.2.1AninitiationfeeinrespectofthecostsofinitiatingtheLoanAgreementwhichwillbeleviedonthedatetheLoanAgreementissigned.ShouldtheApplicantwishtopaytheinitiationfeeupfront,kindlycall0860555544forassistance.IftheApplicantisunabletopaytheinitiationfeeupfront,FUNDIwillreflecttheinitiationfeeseparatelyontheLoan Agreementandwillnotchargeinterestontheinitiationfee; 4.2.2AmonthlyservicefeerecoverablebyFUNDIinconnectionwiththeroutineadministrationcostofmaintainingtheLoanAgreementwillbeleviedattheendofeach

monthtowhichitrelates; 4.2.3DefaultadministrationchargestocoveradministrationcostsincurredasaresultoftheApplicantdefaultingonobligationsundertheLoanAgreementoruponcancellationofloan

afterthe5(five)businessdays’followingthedateofsignaturehereofbutbeforetheendofthemonthduringwhichtheLoanAgreementwasexecuted; 4.2.4Collectioncosts,beingamountsthatmaybechargedbyFUNDIinrespectoftheenforcementoftheApplicant’smonetaryobligationsundertheLoanAgreementnot

exceedingthemaximumamountdeterminedbytheNationalCreditActanddoesnotincludedefaultadministrationcharges.4.3 FUNDImaychargeandrecoverthemonthlypremiuminrespectoftheCreditLifeInsurance(ifapplicable)providedthatthispremiumdoesnotexceedtheprescribedlegalmaximumin

termsoftheFAISAct.4.4 TheApplicantacknowledgesthattheinterestrateisapreferentialinterestratebasedontheApplicant’slendingcriteria.4.5 Theinterestrateapplicabletoallagreements,excludingEquipmentfinanceagreements,isfixedfortheperiodoftheLoanAgreementprovidedthatitdoesnotexceedtheprescribedlegal

maximumintermsoftheNationalCreditAct.Theinterestiscalculatedonadailybasisontheoutstandingbalance,overaperiodofa365-dayyear,whichischargedmonthlyinarrearsandisdueandpayableimmediatelyandisdebitedtotheApplicant’saccountonthelastdayofeachmonth.

4.6 ThevariableinterestrateapplicabletoEquipmentfinanceislinkedtothePrimeInterestRatefortheperiodoftheLoanAgreementprovidedthatitdoesnotexceedtheprescribedlegalmaximumintermsoftheNationalCreditAct.Ifatanytime,andtotheextentthat,theinterestratedoesexceedthelegalmaximumintermsoftheNationalCreditAct;thentheinterestrate(beinglinkedtothePrimeInterestRate)shallbereducedaccordingly.Theinterestiscalculatedonadailybasisontheoutstandingbalance,overaperiodofa365-dayyear,whichischargedattheendofthemonthonamonthlybasisinarrearsandisdueandpayableimmediatelyandisdebitedtotheApplicant’saccountonthelastdayofeachmonth.

5. COST, FEES AND CHARGES5.1 TheApplicantunderstandsthathe/shemayatanytime,andwithoutpenalty,terminatetheLoanAgreementandCreditLifeInsurancebypayingthesettlementamountinrespectofthe

LoanamountowedtoFUNDI.5.2 ShouldtheApplicantdecidetosettleorterminatetheLoanAgreement,arequestforasettlementamountmaybemadetoFUNDIatthecontactnumber0860555544.Thesettlement

amountprovidedbyFUNDIshallbethetotaloftheunpaidbalanceoftheprincipaldebt,theunpaidinterestchargesandallotherfeesandchargesuptothesettlementdate(includingtheinsurancepremium(s)inrespectoftheCreditLifeInsurance),andfurther,willbevalidfortheperiodstatedonthesettlementletterprovidedtotheApplicant.

5.3 Takenotethatthecancellationofthesalarydeductioninstruction,duetotheearlysettlementand/oradditionalpaymentsmadeontheaccountbeforethedateofthelastinstalmentagreedtobytheParties,maytakeupto2(two)months.However,anyinstalmentreceivedbyFUNDIduringthisperiodaftertheloanhasbeensettledinfullwillberefundedtotheApplicantifduetohim/her.

5.4 Notwithstandingtheprovisionsof5.1and5.2above,inordertovalidlycanceltheLoanAgreement,theApplicantmustcanceldirectlywiththeInstitution/SchoolaswellaswithFUNDIbyprovidingawrittennoticeofcancellationand/ortermination.

5.5 ShouldcancellationorterminationoftheloantakeplaceafterthefundshavebeenpaidovertotheServiceProvider,whetherornotaconfirmationsliphasbeenissued,theApplicantshallcontinuetoservicetheloanandtheCreditLifeInsuranceunderandintermsofthisAgreement,untilsuchtimeasFUNDIreceivesthemonieswhichwerepaidovertotheServiceProvider(s).Accordingly,theApplicantshallbeliableforeachmonthlyinstalmentamount(whichincludesthatportionofthecapitalamountpayable,interestthereon,thatportionoftheinitiationfeewhichisdue(totheextentthatitwasnotpaidupfront)andthemonthlyservicefees)togetherwiththemonthlypremiumpayableinrespectoftheCreditLifeInsurance(ifapplicable).

5.6 IntheeventthattheLoanAgreementiscancelledbytheApplicantafterthelapseof5(five)BusinessDaysfollowingthedateofsignaturehereofbutbeforetheendofthemonthduringwhichtheLoanAgreementwasexecuted,theApplicantshallbeliablefortheservicefeeandinterestontheloanaswellaCreditLifeInsurancepremium(ifapplicable)inrespectofthemonthduringwhichtheLoanAgreement,inordertodefraythecostsincurredbyFUNDIinexecutingandprocessingtheloanandCreditLifeInsuranceapplication.

5.7 TheApplicantacknowledgesthatcancellationofloanafterthelapseof5(five)BusinessDaysfollowingthedateofloanapprovalhereofbutbeforetheendofthemonthduringwhichtheLoanAgreementwasexecuted,willbeprocessedafterFundihasreceivedtheloanamountbackfromtheinstitution/ServiceProviderandFundiwillthereafterrefund(ifapplicable)theApplicantaccordinglyofanydeductionsmadeagainsttheApplicant’saccountduringthe‘’waitingofrefundfrominstitution/serviceProvider’’period.

5.8 TheApplicantbearstheresponsibilitytoadheretotheInstitutionsde-registration/cancellationofstudies’termsandconditionsandFundimayonlycanceland/orrefundmoniesaccordingtotheinstitution’sde-registration/cancellationofstudiestermsandconditions.ThesameappliestocancellationsofEquipment/Uniformloans.

5.9 ShouldtheApplicantwishtocanceltheircreditlifepolicybeforethelapseofaperiodof30(thirty)daysfromthesignatureofthePolicyscheduleAgreementwithUniversalInsuranceAdministrators,theymustpresentevidenceoftheiralternativeornewcreditlifeinsuranceandtheymustmakeFunditheprimarybeneficiaryintheeventoftheApplicant’sdeath,retrenchmentanddisability.

ANNEXURE: TERMS AND CONDITIONS (CONT.)

PART B


Race (Research Black Asian Gender:

Female Marital status:

Married COP ANC No. of Dependants:and Reporting Coloured White Male Single Divorced Widowed on Statistics):

ID No:

Tel (work):

Tel (Payroll officer):Cell:

Employer/Company:

Occupation: Income Status:Employee No:Relationship to student:

Title:APPLICANT’S DETAILS

A1

Permanent: Contract worker: Temporary:Postaladdress:

Code:

If details correspond with the above, just tick the box (if applicant / student is the same person).

Title:

Surname:

Full names:

ID No:

Cell:Course Faculty:

STUDENT’S DETAILS

A2

Applicant

D D / M M / Y Y

Spouse(if married in Community of Property to Applicant)

D D / M M / Y Y D D / M M / Y Y

Witness 1

D D / M M / Y Y

Witness 2



LOAN REPAYMENT

Loan Amount:

Annual Interest Rate:

Number of Monthly Instalments:

Initiation Fee:

Monthly Service Fee:

MONTHLY INSURANCE PREMIUM

Total Monthly Instalment Amount:

Total Amount Repayable:

Total Interest Amount Repayable:

QUOTATION:

In respect of an Educational Tools Loan (being an instalment agreement) concluded at premises other than Fundi’s registered business premises, you have the right to a 5 business day cooling-off period from date of loan approval. Kindly note that you will have to wait 5 business days for goods to be dispatched after the approval of the loan.”

A4

R

R

R

R

R

R

R

,

,

,

,

,

,

%

APPLICANT’S INCOME INFORMATIONMonthly gross salary (i.e. before company deductions and other company contributions)

Net monthly company salary (cash salary) (i.e. after company deductions and tax)

Other income (i.e. pensions, rental income, etc.)

Total monthly expenses (i.e. food, clothes, insurance, housing etc.)

Other monthly debt repayments (i.e. home loan, car loan, other loans, alimony)Disposable (Net) income

R

R

R

R

R

R

,

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,

,

,

,

A3

COMMENTS RELATING TO INCOME

Are you currently under or have you applied for debt review, sequestration, liquidation or administration? Yes NoIf married in community of property, is your spouse currently under or has applied for debt review, sequestration, liquidation or administration? Yes No

PAYMENT HISTORY

A5

Repayment Schedule:

Repayment Date: (This date is the same as the Applicant's salary date.)

The first payment will begin on

Final payment to be made on

BANK ACCOUNT DETAILS

Accommodation Loan

Book Loan Educational Tools Loan (Equipment)

Study Loan International Study Loan

STAMP HERESTAMP HERESTAMP HERE


Years in service:

Name of the Bank:account holder:Branch code: Account No:Type of account: Salary Date: Salary deduction reference number:Debit Order reference number: FUNDI (Loan Account Number)


Code:

Surname:Name:Physical:address:(domicile)

Email address:


University/Merchant/Institution/College:Student No:

Course studying:

Year of Study:

Course Type: Certificate/Diploma Under Graduate/Bachelor’s Degree

Post Graduate Other


1 2 3 4+

Initial:

Applicant Spouse

0018

3

6. STATEMENTS6.1 TheApplicantrequeststhatFUNDIissuesstatementsofaccount(“statement”)atthree-monthintervals.6.2 FUNDIwillmakeavailabletotheApplicantastatementonanyexistingloanandCreditLifeInsurancePolicy(ifapplicable),settingoutallchargeslevied,allpaymentsreceivedandthe

balanceoutstanding.Thisstatementofaccountcanbeviewedandprintedfromthewww.myFundi.co.zaafterregisteringasauser.6.3 TheApplicantmaydisputeallorpartofthestatementprovidedforbysendingFUNDIawrittennoticetothiseffect.

7. DEFAULT AND DEFAULT ADMINISTRATION COSTS 7.1 DefaultintermsofthisLoanAgreementoccursif:

7.1.1 TheApplicantfailstomakepaymentsthataredueintermsoftheLoanAgreementand/orCreditLifePremium(ifapplicable);or7.1.2 TheApplicantfailstocomplywiththetermsandconditionsoftheLoanAgreementand/orCreditLifeInsurance(ifapplicable);or7.1.3 AnadministrationorderinrespectoftheApplicantorhissuretyisissued;or7.1.4 AjudgmentisgrantedagainsttheApplicantandsameisnotsettledorrescindedwithin30(thirty)daysfromthedatethereof;or7.1.5 TheApplicantfurnishesanyincorrectand/oruntrueinformationregardinghimselfand/orhisfinancialpositiontoFUNDI.

7.2 FUNDImaytracktheApplicant’saccounteverydayuntiltheApplicanthasrepaidtheloanadvancedintermsofthisLoanAgreementinfull.ANAEDO(Non-AuthenticatedEarlyDebitOrder)trackerwillbeplacedontheApplicant’saccountintheeventthereisanymoneyinarrearsandtheApplicantauthorisesFUNDItocollecttheamountinarrearsbywayofaNAEDOdebitorder.

7.3 Implicationofdefaultmentionedin7.1: FUNDIwillprovidetheCreditBureauwithinformationaboutthenegativepaymenthistoryoftheApplicant,shouldsuchnon-paymentnotbetheresultoftheoccurrenceofaninsurable

eventunderandintermsoftheCreditLifeInsurance,whichwillaffecttheApplicant’spaymentprofileattheCreditBureau.ThismaynegativelyaffecttheApplicant’screditstatusatanyorganisationmakingenquiriesattheCreditBureau.Also,legalactionprocess,whichmayresultinadditionalcoststotheApplicantandasdetailedbelowin6.4,willbeinstitutedagainsttheApplicant.

7.4 IntheeventthattheApplicantdefaults,thefollowingprocesswillbefollowedbyFUNDI:7.4.1 ProvidetheApplicantwithwrittennoticeofsuchdefaultdemandingthattheApplicantrectifythedefault;7.4.2 Advisehim/herthathe/shemayreferthisLoanAgreementtoadebtcounsellorandanalternativedisputeresolution,consumercourtor,ifapplicable,anombudwithjurisdiction;and7.4.3 FUNDImayrequirepaymentbytheApplicantofdefaultadministrationchargesinrespectofeachletternecessarilywrittenintermsofPartCofChapter6oftheNationalCredit

Act.SuchpaymentmaynotexceedtheamountpayableinrespectofaregisteredletterofdemandinundefendedactionintermsoftheMagistrates’CourtsAct,1944inadditiontoanyreasonableandnecessaryexpensesincurredtodeliversuchletter.Inaddition,andifapplicable,FUNDImaychargecollectioncosts,whichmaynotexceedthecostsincurredbyFUNDIincollectingthedebt–

(a) totheextentlimitedbyPartCofChapter6oftheNationalCreditAct,and(b) intermsof:(i)SuperiorCourtAct,2013,(ii)theMagistrates’CourtAct,1944,(iii)theLegalPracticeAct,2014;or(iv)theDebtCollector’sAct,1998,whicheverisapplicabletothe

enforcementoftheLoanAgreementorCreditlifeInsurance,orboth.7.4.4 FUNDImayapproachthecourtforanordertoenforcetheLoanAgreementonlyif,atthattime,theApplicantisindefaultandhasbeenindefaultundertheLoanAgreementforat

least20(twenty)businessdaysand:(a)atleast10(ten)businessdayshaveelapsedsinceFUNDIdeliveredanoticetotheApplicantascontemplatedinSection86(10),orSection129(1)oftheNationalCreditAct,asthecasemaybe;(b)inthecaseofanoticecontemplatedinSection129(1),theApplicanthas–

(i)notrespondedtothatnotice;or(ii)respondedtothenoticebyrejectingFUNDI’sproposals.7.4.5 FUNDIwillprovidetheApplicantatleast20(twenty)businessdays’noticeofitsintentiontoreporttotheCreditBureauadverseinformationabouttheApplicant’sdefaultbehaviour

orenforcementactiontakenagainsttheApplicant.7.4.6 FUNDImayreportadverseinformationabouttheApplicant’sdefaultbehaviourorenforcementactiontakenagainsttheApplicanttotheCreditBureauiftheApplicantdoesnotbring

thepaymentsdueundertheLoanAgreementuptodatewithinthe20(twenty)businessdays’noticeshouldsuchnon-paymentnotbetheresultoftheoccurrenceofaninsurableeventunderandintermsoftheCreditLifeInsurance.TheApplicant’screditprofileattheCreditBureauandcreditworthinessmaybenegativelyaffectedbytheadverseinformationheldbytheCreditBureau.

7.4.7 FUNDImayrequesttheServiceProvider,iflegallypossibleandatthesoleandabsolutediscretionofFUNDI,towithholdtheacademicresultsoftheStudent/LearnerintermsoftheagreementbetweenFUNDIandtheServiceProvider.

7.5 IntheeventofsuchdefaultFUNDIwillbeentitledatitsownandabsolutediscretionandafterconsultation,toextendtherepaymentperiodagreedtoinPartAforarequiredperiodofmonthsneededtorepaytheloaninfullnotallowingtheinstalmenttoexceedtheinstalmentagreedtoinPartA.

7.6 Theinterestiscalculatedandchargedasmorefullydetailedin4.4.and4.5aboveandisdebitedtotheApplicant’saccountasagreedinA4andA5ofPartA.7.7 Theinsurancecoveragewillautomaticallyterminateupondefaultpaymentsoftwoconsecutivemonths.

8. ACCOUNT TERMINATION BY CREDIT PROVIDER Intheeventofadefaultasmentionedin7,FUNDImayterminatetheLoanAgreementaccordingtotheprovisionsoftheNationalCreditActaswellastheCreditLifeInsurance(ifany).

9. ADDRESSES FOR RECEIVING OF DOCUMENTS 9.1 TheApplicantchoosesthephysicaladdressasprovidedinPartA,fortheservingoflegalnotices.Thepostaladdresswillbeusedforthesendingofothernoticesanddocumentation,for

examplethestatementofaccountifnoemailaddresshasbeenprovidedbytheApplicantinPartAoftheLoanAgreement.9.2 FUNDIchoosesitsphysicaladdressassetoutinPartAoftheLoanAgreementfortheservingoflegalnoticesandotherdocumentationortheApplicantmayforwardsuchdocumentationto

[email protected] Bothpartiesagreetoinformtheotherofthechangeofthenoticeaddress,postaladdress,telefaxnumberoremailaddressassoonaspossibleafteranysuchchange.Thechangewillbe

effectiveonthe5th(fifth)businessdayafterreceiptofsuchnotice.9.4 ThepartiesagreethatthenoticewillonlybevalidifitisinwritingandsenttotheaddressasstipulatedinPartAoftheLoanAgreement.

10. INFORMATION DISCLOSURE 10.1 FUNDIshallnotdiscloseanyconfidentialinformationobtainedinthecourseofexecutingtheLoanAgreementtooutsidethirdpartiesunlessobligedtodosobylaworacourtorderor

whereconsenthasbeenprovidedintermsofthesetermsandconditionsandasrecordedinthisPartBoftheLoanAgreement.10.2 ByenteringintotheLoanAgreement,theApplicantacknowledges,agreesand/orcondonesthatFUNDImayprovidetoanyoftheCreditBureaulistedin10.6below,anyadverseinformation

intheformatprescribedbysuchCreditBureauandprovidedforbytheNationalCreditAct.SuchCreditBureauprovideacreditprofileandpossiblyacreditscoreonthecreditworthinessofthepersonsubjecttotherecord.

10.3 TheApplicantconsentstoFUNDIforwarding,atitssoleandabsolutediscretion,adverseinformationrelatingtotheLoanAgreement/CreditLifeInsurancetotheService/Provider(s)orInsurerand,withoutlimitingtheforegoing,intheeventofdefaultoriftheStudentand/ortheApplicantisreasonablybelievedtohavecommittedafraud.

10.4 FUNDImayprovidedetailstotheSouthAfricanFraudPreventionServices(“SAFPS”)ofanyconductontheApplicant’saccountorLoanAgreementand/orCreditLifeInsurancethatgivesFUNDIreasonablecausetosuspectthattheconductisofafraudulentnature.

10.5 Bymakingtheapplicationforfundingonthetermssetoutherein,theApplicantconsentsand/orratifiestoFUNDIobtainingfromtheCreditBureauand/orNationalLoanRegistertheApplicantscreditrecordandpaymenthistoryand,withoutderogatingfromtheforegoing,thatFUNDIcanelectnottoprovidethefinanceappliedforimmediatelyonreceiptofanyinformationthattheApplicanthasfailedhis/heraffordabilitytestasprescribedbytheNationalCreditAct.

11. DISPUTE RESOLUTION 11.1 TheApplicantagreesthatintheeventofanydisputeorcomplainthe/shewillinformFUNDIthereofinwritinginordertoresolvetheissueathand.TheApplicantmayforwardthenoticeto

[email protected] IntermsoftheNationalCreditActtheApplicantmayalsoattempttoresolveanycomplaintordisputeregardingtheLoanAgreementby:

11.2.1 alternativedisputeresolution;11.2.2 referringthecomplaintordisputetotheNationalCreditRegulatorestablishedintermsoftheNationalCreditAct;or11.2.3 bymakinganapplicationtotheNationalConsumerTribunalestablishedintermsoftheNationalCreditAct.

11.3 TheNationalCreditRegulatormaybecontactedon0860627627/info@NCR.org.zaandtheNationalConsumerTribunalmaybecontactedat0126635615/0860627627.

ANNEXURE: TERMS AND CONDITIONS (CONT.)

PART B





ID No:

Tel (work):


Employer/Company:



A1


Code:


Title:

Surname:

Full names:

ID No:


STUDENT’S DETAILS

A2

Applicant

D D / M M / Y Y


D D / M M / Y Y D D / M M / Y Y

Witness 1

D D / M M / Y Y

Witness 2



LOAN REPAYMENT

Loan Amount:



Initiation Fee:






QUOTATION:


A4

R

R

R

R

R

R

R

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,

,

%






R

R

R

R

R

R

,

,

,

,

,

,

A3



PAYMENT HISTORY

A5

Repayment Schedule:





Accommodation Loan





Years in service:



Code:


Email address:



Course studying:

Year of Study:


Post Graduate Other


1 2 3 4+

Initial:

Applicant Spouse

0018

3

12. LOAN PROCESS AND USAGE 12.1 Thisloanisstrictlytobeusedforeducationalpurposesinpayingfortuitionfees/Accommodation/FoodandpurchasingUniformand/orStationeryand/orEquipment.12.2 Theloancannotbeconvertedintocashnormayitbeusedforanyotherpurpose.12.3 TheloanamountwillbepaiddirectlytotheServiceProvider/Institution.12.4 QualifyingitemshavebeenagreedtobyFundiandtheServiceProvider.12.5 AlistofqualifyingitemsmayberequestedfromtheServiceProvider.12.6 ThepoliciesandproceduresoftheServiceProviderwithregardtoreturnsandexchanges/cancellations,shallapply.

13. PAYMENTS TO INTERNATIONAL EDUCATIONAL INSTITUTIONS13.1 FUNDIwillfinanceSouthAfricanstudentsstudyingabroadaswellasforeignstudentsstudyinginthedesignatedcountryorabroad.TheApplicantmust,however,workandresidein

SouthAfrica.13.2 FUNDIwillmakeallpaymentsintheSouthAfricanRandcurrencyandintermsoftheSouthAfricanBankingandPaymentsystem.Foravoidanceofdoubt,themoniesstipulatedinthe

loanapplicationwillbepaidinSouthAfricanRandsdirectlytotheEducationalInstitution.Intheeventofashortfallinthefeesduetocurrencyfluctuationsorforeignexchange,theApplicantwillbeliabletopaytheInternationalEducationInstitutiontheoutstandingamounts.

13.3 TheApplicantwillbeliableforallbankcharges.13.4 Loanpaymentswilltakeupto45daysfromdateofapprovaltobepaidintotheInternationalEducationInstitution’saccount.13.5 FUNDImayatanytimeoffsetexchangeratefluctuationsforpaymentstoInternationalEducationInstitutions.

14. WARRANTIES IN RESPECT OF EQUIPMENT 14.1 FundiTechnologies(Pty)LtdwarrantsthatthewarrantyontheEquipment,whichisgivenbytheServiceProvider,onAMD,Celeronandi3andi3Laptopsasa1-yearCarry-inWarranty

with1xComplimentarycollectandreturnforthefirstyear.i5Laptopshavea3-yearOnsiteWarrantytothestudent’suniversitycampus.14.2 Thewarrantyonaccessories(ifany)totheEquipment,givenbytheServiceprovidershallhaveawarrantyasprescribedbytheManufacturer’swarrantymanual.14.3 TheApplicantwarrantsthattheStudentwillbeandremainthebeneficiaryoftheEquipmentuntiltheloanadvancedhereinhasbeensettledinfull.

15. GENERAL15.1 AnyagreedchangestothisLoanAgreementortheCreditLifeInsurance(ifapplicable)willbemadeinwritingandsignedbybothpartiestotheagreementorelectronicallyvoice

recordedbyFUNDI.FUNDIwillwithin20(twenty)businessdaysafterthedateofagreedchangetotheLoan/AgreementorCreditLifeInsurancedelivertotheApplicantbywayofemail,postorfaxasagreedtobythepartiesatthetimeoftheamendment,adocumentreflectingtheagreedamendments.TheamendedagreementwillnotcreateanewLoanAgreementornewCreditLifeInsuranceunlessclearlystated.

15.2 TheLoanAgreementandtheCreditLifeInsurancewillbegovernedbytheLawsoftheRepublicofSouthAfrica.15.3 Whereavailable,atranslatedversionoftheLoanAgreementandtheCreditLifeInsurancewillbeprovidedtotheApplicantuponrequest.Shouldanyambiguitiesoccurinthetranslated

versionofthetermsandconditions,theEnglishversionwillgetpreference.15.4 FUNDImaywithoutconsentornoticetotheApplicant,cedeand/ordelegateanyofitsrightsand/orobligationsunderthisLoanAgreement.15.5 TheApplicantmayapplytoadebtcounsellortobedeclaredover-indebtedbyfollowingthefollowingprocedures,butnotafterFUNDIhasstartedlegalaction.

15.5.1 InformFUNDIoftheApplicant’sintentionofinitiatingthedebtcounsellingprocessbycontactingtheFundiCallCentreat0860555544;15.5.2 TheApplicantmustinformanydebtcounsellorofhis/herchoiceandprovidethedebtcounsellorwithhis/herincomeandexpenseinformation;15.5.3 ShouldthedebtcounsellordeterminethattheApplicantisover-indebted,theymayissueaproposaltotheMagistrate’sCourtrecommendingthatitdeclaresoneormoreofthe

Applicant’sagreementstobereckless,ifapplicable,orthattheobligationsoftheApplicantberearranged;15.5.4 ThedebtcounsellorwillguidetheApplicantthroughtheprocessofdebtcounselling.

15.6 Ifatanytime,anyofthetermsorconditionsisfoundtobeillegal,unenforceableorinvalidinwholeorinpart,thentheremainingportionofsuchtermsandconditionswillremainbindingandinfullforceandeffect.

15.7 Intheeventthatthestudentcancelshis/herstudies,andacreditamountreflectsonhis/herstudentaccountattheServiceProviderasaresultofsuchcancellation,theamountwillbecreditedtoFUNDI’saccount.ThesamewillbeapplicablewhenFUNDImakesapaymentofaLoanAmountthatisinexcessoftheamountduetotheServiceProvider.

15.8 AnycommissiontobepaidtoanagentforassistingwiththecompletionoftheagreementwillhavenoinfluenceontheApplicant’scostofcreditandwillbethesameasanagreementwherenoagenthasassistedtheApplicant.

15.9 Tothemaximumextentpermittedbylaw,theApplicantherebyagreesthatFUNDImay,withoutfurthernoticetotheApplicant,cedeallorpartofFUNDI’srightsand/ordelegatealloranypartofFUNDI’sobligationsunderthisAgreement,eitherabsolutelyorascollateraltoanyperson,thirdpartyoranothercreditprovider,evenifsuchcessionorassignmentbyFUNDIresultsinFUNDIcedingitsloanbooktoathirdpartyoranothercreditprovider.

16. CREDIT LIFE INSURANCE CLAIMS PROCEDURE16.1 TheinsuranceisprovidedtotheApplicantbyUniversalInsuranceAdministratorsProprietaryLimitedandisunderwrittenbyLibertyGroupLimited16.2 TheInsurermaybecontactedon0873518056,attelefaxnumber0862127881,shouldtheApplicanthaveanyqueriesinrelationtotheCreditLifeInsurance(UNIPLUS).16.3 WrittencorrespondenceaddressedtotheInsurermaybedeliveredattheInsurer’sdomiciliumaddressat357RivoniaBoulevard,Rivonia,Sandton,Johannesburg,2196, [email protected] FUNDIwillactasanagentonbehalfofUniversalInsuranceAdministratorsProprietaryLimitedandshouldtheinsuredwishtomakeaclaimandneedassistancewiththeprocedure,the

ApplicantmaycontactFundion0860555544.16.5 FundistaffwillprovidetheinsuredwithallrelevantdocumentsandthereaftershallreferallcompleteddocumentstoUniversalInsuranceAdministratorstoprocesstheclaim.

17. BREACH 17.1 IftheApplicantdefaultsinthepunctualpaymentofanypaymentasitfallsdueintermsofthisLoanAgreement,orfailstocomplywithanyofthetermsand/orconditionsof,orany

ofitsobligationsunderthisLoanAgreementincludingbutnotlimitedtothecontinuedinsuranceandthetimeouspaymentofpremiumsinconnectiontherewith,thenandupontheoccurrenceofanyoneoftheseeventstheApplicantwillbeinbreachofthisLoanAgreementandFUNDImay,withoutprejudicetoanyofitsotherrightsintermsoftheNationalCreditAct,-

17.1.1 claimimmediatepaymentofallamountspayableintermsofthisAgreementwhetherornotsuchamountsarethendueandpayableandassumingforthispurposethatthisAgreementwouldhaveenduredforthefullperiod;or

17.1.2 immediatelyterminatethisAgreement,retainallamountsalreadypaidbytheApplicantandclaimalloutstandingpaymentsandalllegalcostsincludingcollectioncosts.

ANNEXURE: TERMS AND CONDITIONS (CONT.) PART B





ID No:

Tel (work):


Employer/Company:



A1


Code:


Title:

Surname:

Full names:

ID No:


STUDENT’S DETAILS

A2

Applicant

D D / M M / Y Y


D D / M M / Y Y D D / M M / Y Y

Witness 1

D D / M M / Y Y

Witness 2



LOAN REPAYMENT

Loan Amount:



Initiation Fee:






QUOTATION:


A4

R

R

R

R

R

R

R

,

,

,

,

,

,

%






R

R

R

R

R

R

,

,

,

,

,

,

A3



PAYMENT HISTORY

A5

Repayment Schedule:





Accommodation Loan





Years in service:



Code:


Email address:



Course studying:

Year of Study:


Post Graduate Other


1 2 3 4+

Initial:

Applicant Spouse

0018

3

18. DECLARATION TheApplicant:

18.1 Confirmsthathe/sheappliedforaloanwithFUNDIandthattheinformationfurnishedthereinistohis/herknowledgeandbelief,trueandcorrectandthatnoinformationrequiredforevaluatingtheLoan/creditapplicationhasbeenomittedandacknowledgesthatsubjecttothecorrectnessthereof,ifapproved,theapplicationwillconstituteabindingLoanAgreement;

18.2 ConfirmsthattheApplicantandStudentunderstandthatFUNDIwilltakelegalactionagainstanypersonwhocommitsanyactthatcanbedefinedasfraudulent.FUNDIwillbeentitled,withoutlimitation,toopenacaseoffraudagainsttheperpetratorandwillforwardsuchdetailstotheSAPS,whichwillfurtherbeentitledtotakeanyactionitdeemsfit;

18.3 UnderstandsthatFUNDIisnotanagentorrepresentativeofanyoftheServiceProvider(s)(otherthantheInsurer)exceptforthepurposeofadministeringthePersaland/orPersolcodeand/ortheSASSAsystemasagreedbetweenFUNDIandtheServiceProviderandcannotbeheldresponsibleiftheServiceProviderfailstodelivereducationalservicestotheStudent;

18.4 AcknowledgesandconsentstoFUNDIusingTCPS(TransactionalCapitalPaymentSolutions)forpaymentrequestsmadefromtheApplicant’sbankaccountintermsofPartA;18.5 Acknowledgesthatifmarriedincommunityofproperty,theirspousehasgiventherequisiteauthoritytoenterintothisAgreementandtheInsuranceAgreementwithFundiand

UniversalInsuranceAdministratorsrespectively.18.6 DeclaresthatbysigningthisLoanAgreement,he/sheacknowledgesthathe/shefullyunderstandstherisks,costsandobligationsassociatedwithenteringintotheLoanAgreement,can

afforditandthatsuchportionoftheLoanAgreementthatrequiredexplanationhasbeenfullyexplainedtohis/hersatisfaction.

ANNEXURE: TERMS AND CONDITIONS (CONT.) PART B





ID No:

Tel (work):


Employer/Company:



A1


Code:


Title:

Surname:

Full names:

ID No:


STUDENT’S DETAILS

A2

Applicant

D D / M M / Y Y


D D / M M / Y Y D D / M M / Y Y

Witness 1

D D / M M / Y Y

Witness 2



LOAN REPAYMENT

Loan Amount:



Initiation Fee:






QUOTATION:


A4

R

R

R

R

R

R

R

,

,

,

,

,

,

%






R

R

R

R

R

R

,

,

,

,

,

,

A3



PAYMENT HISTORY

A5

Repayment Schedule:





Accommodation Loan





Years in service:



Code:


Email address:



Course studying:

Year of Study:


Post Graduate Other


1 2 3 4+

Initial:

Applicant Spouse

SIGNEDAT ONTHIS DAYOF

Applicant Spouse(ifmarriedinCommunityofPropertytoApplicant)

Witness Witness

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