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I
acknowledge having received from the Association the sum of Rupees…………………………………………………..
as loan, subject to the conditions of my membership of the Association
and its rules and By-laws.
I, undertake to
refund this loan by equal monthly and consecutive instalments of
Rs………….. in ……….
months by deduction from my salary, fees and allowance accruing
to me without prejudice to refund being made otherwise and on being
accepted by the Mauritius Civil Service Mutual Aid Association Ltd.;
each such instalment shall be calculated as per the table of the
Association and shall represent an instalment of the principal amount
and of interest rate applicable and shall be paid not later than
…………. The Association shall have the right, in its sole discretion and without prior notice, to change the rate of interest each tine the Association's base lending rate (MBR) is altered or the margin over the MBR is altered.
Consequently, the loan maturity date may be extended or reduced to take into account fluctuations in interest rate during the loan period. However, the monthly loan instalment will remain the same.
I undertake to pay all charges in connection with
the loan including a premium, prior to granting of the loan. In
case of any default in payment of any instalment at the due date,
the entire balance of the loan together with any interest due shall
become immediately due and demandable, at the option of the Association.
I
also undertake to refund any such loan balance, as may be required, together with any interest
due in case of a Voluntary Retirement Scheme or early retirement and hereby authorise that the amount due be deducted from my gratuity, lump sum or any amount payable to me by my employer, Accountant General, SICOM Ltd or such other institutions responsible for payment of pension. I understand that on retirement I have the option to use part or whole of my retirement gratuity to make a part-payment on my loan balance so as to reduce the monthly deduction from my pension. No request for rescheduling of the loan balance will be entertained if I do not exercise the said option. I also give an unequivocal authorization to my employer to make salary deduction as requested by the Association.
| *Wording |
…………………………………………..………………………………………….…......................................................................
............................................................................................................................................................................................................. |
| Applicant’s
Signature |
…. ……… ……… |
Date .……/……./…….. |
2.1 As guarantors,
we bind ourselves jointly and in solido with the Applicant and also renounce to our "benefice de discussion", to repay in full to the Mauritius Civil Service Mutual Aid Association Ltd, through salary deduction, any balance which may be due to the Association in respect of the loan and the interest theron, should the Applicant resign, or be dismissed from the service, or otherwise fail to repay the said loan in terms of this agreement. We also give an equivocal authorization to our employers to make salary deduction as requested by the Association.
| *Wording (1) |
…………………………………………..…………………………….….................................................................................
.................................................................................................................................................................................................... |
| Guarantor’s
Signature (1) |
…. ……… ……… |
Date .……/……./…….. |
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| *Wording (2) |
…………………………………………..…………………….…...........................................................................................
.................................................................................................................................................................................................. |
| Guarantor’s
Signature (2) |
…. ……… ……… |
Date .……/……./…….. |
*Please write in words
and in your own handwriting in the spaces provided :“Read
and approved: good for the sum of rupees……”.
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3.0
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PART 3 FOR
OFFICE USE
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3.1 - Loan Application Screening |
3.1 LOAN APPLICATION
Received by
:………
Signature : ……………
Date : .……/……./…….. |
3.2 QUALITY CONTROL/ ELIGIBILITY TEST
Passed  Failed
Performed by
:…………
Signature : ……………
Date : .……/……./……..
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3.3 MAINTENANCE / EDITING
Scrutinised by
:…………
Signature : ……………
Date : .……/……./…….. |
3.4 - FOR RECAST ONLY:
DETAILS FOR PREVIOUS LOAN
Loan Amount :Rs ...............………
Number of Payments:......…………
Refund period: ………….... months
Insurance Premium: Rs ........……....
Loan Abatement : Rs .......................
Name : ...........................................
Signature : ......................................
Date : .............................................
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3.5 - LOAN INPUT
Previous Loan Number : ………
Editing and input of loan
Maker :…………
Signature : …………
Date : .……/……./……..
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3.6 - AUTHORISATION
Checker:…………
Signature : ……………
Date : .……/……./……..
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3.7 - SANCTIONED BY LOAN COMMITTEE
Name of member:…………
Signature : ……………
Date : .……/……./……..
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Note : Your application form should be supported by the following documents :
(1) Original & Photocopy of your National Identity Card; (2) Original of your recent payslip/pension slip (not more than 2 months)
(3) Certificate from your department stating that you are not under report nor on leave without pay. (valid for one week) ;
(4) Originals & Photocopies of recent payslips (not more than 2 months) and original & photocopies of NID cards of your guarantors;
(5) Photocopy of bank document showing bank account number and name of applicant;
(6) Utility Bill (CEB or CWA or Mauritius Telecom) - not more than 3 months;
(7) Items (3) & (4) above are not applicable to pensioners. |
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