Credit Agreement Contract Template for South Africa

1. Security Provisions: Required when the credit agreement is secured by assets or property

2. Guarantor Provisions: Included when a third party provides a guarantee for the credit facility

3. Insurance Requirements: Needed when credit life insurance or asset insurance is required

4. Direct Debit Authorization: Included when automatic payment collection is established

5. Special Conditions: Used for any non-standard terms specific to this credit facility

6. Credit Bureau Consent: Optional section for explicit consent to credit checks and reporting

7. Marketing Preferences: Optional section for marketing consent and preferences

1. Schedule 1: Payment Schedule: Detailed breakdown of payment amounts, dates, and allocation between principal, interest, and fees

2. Schedule 2: Fee Structure: Comprehensive list of all fees and charges applicable to the credit facility

3. Schedule 3: Interest Rate Calculation: Detailed explanation of interest calculation methodology with examples

4. Appendix A: Pre-Agreement Statement: Mandatory NCA pre-agreement disclosure of credit costs and terms

5. Appendix B: Asset Schedule: Description of assets securing the credit facility (if applicable)

6. Appendix C: Insurance Requirements: Detailed insurance requirements and specifications

7. Appendix D: Disclosure Statement: Statutory disclosure requirements under the NCA