Website: www.tnsacco.co.ke Email: info@tnsacco.co.

ke Tel : 0726617752
LOAN APPLICATION & LOAN AGREEMENT FORM-(CHECK OFF MEMBERS ONLY)
A. PERSONAL INFORMATION.
1. Member’s Name ________________________ 10. Member Branch ________________________
______________________________________ 11. Position in employment __________________________
2. Address ______________________________ 12. Terms of service Permanent/Temporary _____________
______________________________________ 13. Member number. ________________________
3. Payroll Number _________________________
4. Position in society – Committee/Member/Officer/Employer/ Other- Specify.__________________________
5. Member Email Address ________________________________________ Mobile No___________________
6. Work Station Name _______________________________________________________________________
7. Employer and Mailing Address _____________________________________________________________
8. Member’s age ______________
9. I.D No. ___________________
Type of the loan applied (Tick loan applicable
Karibu Loan Tier I Emergency/School Fees Loan Special Loan Tier I
Karibu Loan Tier II Normal Loan Special Loan Tier II (Interns)
TNT Pride Loan Prestige Loan Self Guaranteed Loan Tier I
Stabilizer Loan Premium Loan Self Guaranteed Loan Tier II(RSF)
B. LOAN APPLICATION & REPAYMENT
I____________________________________________ hereby apply for a loan of Kshs.(Figures) ___________________
(Amount in words) _____________________________________________________________________________only
for a period of __________ months to be in installments of Ksh. ______________each month, commencing immediately.

C. PURPOSE OF WHICH LOANS IS APPLIED (INCASE OF SEVERAL USES OF THE LOAN, STATE THE EXACT AMOUNT
FOR EACH USE)
1. ___________________________________________ Kshs. _________________________________________
D. SECURITY WHICH I OFFER FOR THE LOAN IS.
Salary Deposits Guarantors RSF Others (Specify) ____________________
Please attach two latest original pay slips, ID photocopy and guarantors certified photocopy of ID cards.
E. I hereby declare that the foregoing particulars are true to the best of my knowledge and belief and agree to abide by the bylaws of the Society, the loan
policy and any variations by the credit committee in respect of section B above. I hereby authorize the necessary deduction, including interest in r espect
of the loan I have applied. 1% per month for Normal, School Fees/emergency& Self guaranteed loans tier I & II, 1.1667for Karibu Tier I, 1.2917% per
month for Prestige loan, 1.25 % per month for Special Loan Tier 1,1.2083 % per month for Special Loan tier II, 1.3333% per month for Karibu Loan
Tier II ,1.2083 per month for Stabilizer loans, 1.2083% per month constant for TNT pride loan and 1.25 % per month for Premium loan. I declare that I
am not indebted by any other Credit society, bank or loan agency (except as listed herein) either as borrower or endorser. I am aware I will pay interest
in respect of the loan given as in accrued interest if I fail to pay my monthly payment on due date. I know that if I acquire any other credit for the
purpose of repaying this loan I will clear it with all outstanding interest and 10% of the amount I benefit with or 10 % of balance whichever is less in
case of top up or 10% of outstanding loan balance in case of buy offs. (I also declare that Incase the employer delays the deductions, I will be paying
personally to the SACCO’S bank accounts every month to avoid accrued interest and arrears until action is taken by the employer. I also
hereby give my consent to allow the SACCO to share my credit information with the Credit Reference Bureau (CRB) in case of default and to
use my Credit Report for Credit Assessment). In the event I default in repaying the loan as per the terms and conditions outlined in this
agreement, the Sacco reserves the right to initiate legal proceedings to recover the outstanding amount. As a remedy, the Sac co may exercise its
right to auction any and all registered properties owned by the borrower, whether immovable or movable, to settle the outstanding debt. The
auction process shall be conducted in accordance with the applicable laws and regulations governing such proceedings. The net proceeds from
the auction, after deducting any applicable costs and fees, shall be applied towards the repayment of the outstanding loan amount. Any
remaining funds shall be remitted to the borrower, or their legal representatives, as applicable. I acknowledge and agree to this provision as a
reasonable measure for securing the loan and ensuring timely repayment. I hereby acknowledge and agree that, in the course of the loan
recovery process, the Sacco may engage the services of auctioneers and debt collectors to facilitate the recovery of my ou tstanding loan. I
consent to the collection, processing, and sharing of my personal data, as defined by the Data Protection Act of 2019, for th e purpose of loan
recovery.

APPLICANT SIGNATURE _______________________________________________DATE ________________________________

WITNESS NAME (S) ___________________________________________________ TSC/P NO/M/NO/ID NO__________________

WITNESS SIGNATURE _______________________________________________________________________________________

 F. REPAYMENT GUARANTEE.
We, the undersigned, hereby accept jointly and severally liability for the repayment of the loan in the event of the Borrower’s default. We understand
that the amount in default may be recovered by an offset against our Deposits/Shares in the society or by attachment of our property or salary after two
months any time the loan falls into default and that we shall not be eligible for loans unless the amount in default has been cleared in full.

G. Guarantors – Read part F, overleaf before you guarantee anybody.

P NO/ TSC
NO/M NO
Full Names Shares I.D Number Phone No Personal Date Signature
Kshs. Address

H. LOAN MULTIPLIER CATEGORY

Tick appropriately your multiplier category as applicable.

CATEGORY A - ORDINARY MEMBER No of Shares X 4=………………

CATEGORY B - PREFERENTIAL MEMBER No of Shares X 5=………………
CATEGORY C - PREMIUM MEMBER No of Shares X 6=………………

I am aware that under Ordinary, Preferential and Premium, I will qualify X 4, X 5 and X 6 of Bosa
Shares respectively. I will capitalize interest on deposits to my deposits for 2 years and 3 years
respectively for preferential and premium respectively. I will also not qualify for Dividend loan
advance.

Member Signature……………………………

I. FOR OFFICIAL USE

ACCOUNTS SECTION
I certify the information regarding shares and Loan outstanding is correct:
Signature _________________

CREDIT MANAGER I certify that the application is within the Policy

Of society: Signature _________________

C.E.O./FINANCE MANAGER
Recommended/Not recommended for approval: Signature __________________

Loan issued Kshs. ___________________recoverable in_______months at installment of Kshs__________

per month. Issued by ………………………….......... Date…………………signature……………………...

BOARD OF DIRECTORS /CREDIT COMMITTEE (ratification)

Management committee minute No----------------------------- Date------------------------------------------------

Chairman’s/Members Signature--------------------------------- Stamp