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Topline Investments Ltd offers quality services in the Financial Services and Property Management industries.

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Loan Application

Fill in the form to initiate the Loan Process

Individual’s Identification Details

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Loan Agreement

Min:500,000 Max:50,000,000.
Effective loan issue date.
In addition to Post dated cheque and Letter of Guarantee.
I have read and accepted the Loan Offer Terms
I have read and accepted the Loan Agreement

Loan Offer Terms

Costs and expenses: All fees herein indicated as well as anything connected with recovery of repayments are for the account of the borrower and may be debited from the borrower’s account(s) .

Payment on demand:

Events of Default: Not withstanding any clause in the agreement to the contrary it shall be open to the Lender to demand repayment by the borrower at any time for any reason whatsoever deemed by the Lender to be an event of default.

Disclosure: The Lender may disclose any information about the Borrower’s Account to any regulatory, supervisory and credit reference bureau, otherwise the Lender will keep information about the borrower confidential.

Pre – condition: Acknowledgement of the facility letter signifying acceptance of the terms Herein stipulated. Establishment, utilization and availability of the facility is also Subject to execution/granting of the security required.

The company however, reserves the right to withdraw the offer herein above without prior notice if not accepted within 3 (three) days of the date hereof.

LOAN AGREEMENT TERMS

THIS LOAN AGREEMENT is made BETWEEN
TOPLINE INVESTMENTS LIMITED of Plot 108, Bukoto Street, Kamwokya P.O Box 8850 Kampala (Hereinafter referred to as the “LENDER” which expression shall where the context so admits include its legal representatives, successors in title and assigns in title) of the other part; AND THE APPLICANT “(Herein after referred to as the “BORROWER” which expression shall where the context so admits, include its / assignees and successors in title whether derivative or immediate)
being owner of land and or the chattels mentioned in the schedule to this instrument (where a schedule is necessary).

WHEREAS;

  1. The Lender is a registered Microfinance institution, licensed to carry out the business of money lending.
  2.  The Borrower has applied for a loan facility from the Lender.
  3. The Lender is willing and able to extend the loan facility to the borrower, subject to the terms, conditions and covenant herein agreed.

NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:

  1. The Lender hereby extends a loan facility to the Borrower, in the sum of Ugshs(Loan Applied for) referred to as” the principal sum” to be repayable to the Lender together with interest in equal installments, in accordance with the repayment schedule attached hereto.
  2. It is hereby agreed that in the event of the Borrower failing to pay back in accordance with the schedule herein stipulated, the Borrower shall be liable to pay an additional Penalty fee of 1% per month on the installment(s) due from the date of default to payment in full together with any expenses incurred by the lender
    during the recovery process.
  3. The Borrower shall use the loan facility extended by the Lender to/for specific purpose in accordance with the purpose stated in the loan application from duly executed by the Borrower.
  4. The Borrower shall not divert the loan for any purpose other than the one applied for and acknowledged by him/her/them/it without the written consent of the Lender.
  5. It is hereby agreed that if the Borrower diverts the loan from the any purpose(s) for which it is advanced herein; the Lender may at any time thereafter demand payment of the whole outstanding balance of the loan then due without following the repayment schedule hereto.
  6. The Borrower warrants that the Guarantor has agreed to guarantee the loan facility, has duly executed the Guarantee form.
  7. The Borrower shall further incur the cost of preparation and registration of any security herein given which shall be deductible from the loan amount.
  8. As security for the loan, the Borrower hereby surrenders to the Lender security.
  9. As further security the Borrower warrants that the Guarantor who has agreed to guarantee the loan facility, has duly executed the guarantee form.
  10. The security hereby constituted shall be a continuing security for the payment of all and any money which shall from time to time be outstanding.
  11. The Borrower undertakes not to sell, pledge, and mortgage or otherwise create any other third party interests in the security during this loan.
  12.  In the event of the Borrower’s failure to pay back the entire principal and interest, or any part thereof, at the agreed time, the Lender shall be free to sell by private treaty the security hereby pledged without recourse to courts of law.
  13. The Borrower agrees to give prior written notice and to obtain prior written consent from The Lender regarding any changes in the business location, the liquidation of substantially all business assets, or any other substantial change affecting the business(s) or activity for which the loan was used for as described in
    the Borrower’s loan application.
  14. That any forbearance, relaxation or indulgence by the Lender shown or granted to the Borrower in enforcing any terms or conditions of this Agreement shall not in any way affect , diminish, restrict, waive or prejudice the rights of the Lender under the Agreement.

I, the above named Borrower, certify that I have read and understood the terms and conditions of this Loan Agreement, which will fully be explained to me, and I do hereby confirm that I shall abide such terms.