The Joint Loan Agreement is a crucial document in South African financial transactions where multiple parties wish to borrow money together from a single lender. This arrangement is commonly used for property purchases, business financing, or shared investments where borrowers want to combine their creditworthiness and share loan obligations. The agreement must comply with the National Credit Act 34 of 2005 and other relevant South African legislation, making it essential to include specific statutory requirements such as cost of credit disclosure, interest rate calculations, and consumer protection provisions. The document establishes joint and several liability, meaning each borrower is both individually and collectively responsible for the entire loan amount, while also defining repayment terms, security arrangements, and default consequences.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of all parties, including the lender and all joint borrowers
2. Background: Context of the loan, relationship between joint borrowers, and purpose of the loan
3. Definitions and Interpretation: Definitions of key terms and interpretation rules for the agreement
4. Loan Amount and Purpose: Specification of the loan amount and its intended use
5. Joint and Several Liability: Clear statement of joint and several liability of borrowers
6. Interest Rate and Charges: Details of interest rate, calculation method, and additional charges as per NCA requirements
7. Repayment Terms: Repayment schedule, method, and allocation between joint borrowers
8. Security: Details of any security or collateral provided for the loan
9. Representations and Warranties: Statements and guarantees made by the joint borrowers
10. Borrower Obligations: Specific obligations and responsibilities of each joint borrower
11. Events of Default: Circumstances constituting default and consequences
12. Termination: Conditions and process for terminating the agreement
13. Notices: Communication methods and contact details for all parties
14. General Provisions: Standard legal provisions including governing law, jurisdiction, and entire agreement
1. Death or Incapacity: Provisions dealing with death or incapacity of any joint borrower - include when borrowers are individuals
2. Insurance Requirements: Details of required insurance coverage - include when loan is secured by assets
3. Debt Counselling: Information about debt counselling rights - include for consumer credit agreements
4. Change in Circumstances: Provisions for handling changes in borrowers' circumstances - include for long-term loans
5. Early Repayment: Terms for early repayment options - include when early repayment is permitted
6. Assignment and Transfer: Conditions for transferring rights or obligations - include for transferable loans
7. Cooling-off Rights: Consumer cooling-off rights - include for agreements subject to CPA
1. Schedule 1: Loan Details: Detailed breakdown of loan amount, interest rates, and payment schedule
2. Schedule 2: Repayment Schedule: Detailed amortization schedule showing principal and interest payments
3. Schedule 3: Security Details: Specific details of any security or collateral provided
4. Schedule 4: Cost of Credit: Breakdown of all costs as required by the National Credit Act
5. Schedule 5: Bank Account Details: Banking details for all parties for payment purposes
6. Appendix A: Required Documents: List of supporting documents provided by borrowers
7. Appendix B: Credit Check Consents: Signed consents for credit checks and information sharing
Find the exact document you need
Employee Loan Contract
A South African law-governed agreement establishing terms for an employer-provided loan to an employee, including repayment through salary deductions.
Download
Loans With Debt Agreement
A South African law-governed agreement combining loan provisions with debt arrangements, compliant with the National Credit Act and related legislation.
Download
Take Over Car Loan Payments Contract
A South African law-governed agreement transferring vehicle loan payment obligations from an original borrower to a new borrower, with lender consent.
Download
Repayment Of Debt Agreement
A South African law-governed agreement that formalizes debt repayment terms between creditor and debtor, ensuring compliance with local credit legislation.
Download
Cellphone Loan Agreement
South African law-compliant agreement for financing mobile devices, covering loan terms, device ownership, and regulatory requirements.
Download
Employer Loan To Employee Agreement
South African law-governed agreement establishing terms for an employer-provided loan to an employee, compliant with the National Credit Act and employment legislation.
Download
Friendship Loan Agreement
A South African legal document formalizing loan arrangements between friends or family members, establishing clear terms while maintaining personal relationships.
Download
Personal Loan Letter Between Friends
A South African legal document formalizing a personal loan agreement between friends, outlining loan terms and conditions while maintaining compliance with local legislation.
Download
Peer To Peer Lending Agreement
South African-compliant agreement establishing terms for peer-to-peer lending between parties, including loan details, repayment terms, and regulatory requirements.
Download
Simple Interest Loan Contract
A South African law-governed loan agreement with simple interest terms, compliant with the National Credit Act and related legislation.
Download
Revolving Credit Contract
A South African law-governed agreement establishing a revolving credit facility between a credit provider and borrower, compliant with the National Credit Act.
Download
Loan Car Form
A South African law-compliant agreement governing the temporary loan of a vehicle between parties, outlining terms, conditions, and responsibilities.
Download
Family Member Promissory Note
A South African legal document formalizing loan agreements between family members, establishing terms and conditions while ensuring compliance with local lending and tax regulations.
Download
Vendor Finance Loan Agreement
A South African law-governed agreement establishing terms for vendor-provided financing for goods or services purchase, compliant with local credit and banking regulations.
Download
Overloan Agreement
A South African law-governed agreement that documents the extension of credit beyond an existing loan facility's limit, setting out terms for the increased borrowing amount.
Download
Acknowledgement Of Debt Agreement
A South African legal document where a debtor formally acknowledges their debt obligation and agrees to specific repayment terms under South African law.
Download
Facility Loan Agreement
A South African law-governed agreement establishing terms for a loan facility, including lending conditions, repayment terms, and security arrangements.
Download
Overagreement
A South African law-governed master agreement that provides an overarching framework for multiple sub-agreements between parties.
Download
Inter Corporate Loan Agreement
A South African law-governed agreement establishing loan terms between corporate entities, including financial terms, security, and compliance requirements.
Download
Subordinated Loan Agreement
South African law-governed agreement establishing terms for subordinated debt, including ranking provisions and payment conditions.
Download
Work Loan Agreement
A South African agreement combining employment terms with loan provisions, governed by national credit and employment legislation.
Download
Peer To Peer Lending Contract
South African law-compliant agreement for direct lending between parties, incorporating National Credit Act requirements and essential lending terms.
Download
Interest Loan Agreement
A South African law-governed agreement establishing terms for an interest-bearing loan, compliant with the National Credit Act and related legislation.
Download
Letter To Borrow Money From Friend
A South African legal document formalizing a personal loan agreement between friends, including loan terms and repayment conditions while complying with local legislation.
Download
Student Loan Agreement
South African law-governed agreement establishing terms for student financial assistance, compliant with National Credit Act and related legislation.
Download
Simple Loan Application Form
South African loan application form compliant with NCA, POPIA, and FICA, designed for gathering borrower information and obtaining necessary consents.
Download
Private Lending Term Sheet
A South African law-governed preliminary document outlining key terms and conditions for a private loan agreement, serving as the basis for detailed loan documentation.
Download
Personal Loan Receipt
A South African legal document acknowledging the disbursement of a personal loan and its key terms, compliant with the National Credit Act.
Download
Loan Agreement With Guarantor
A South African law-governed agreement establishing loan terms between lender and borrower, secured by a third-party guarantor's commitment to ensure repayment.
Download
Investment Loan Contract
A South African law-governed agreement establishing terms for an investment loan, including loan details, security arrangements, and compliance with local financial regulations.
Download
Facility Agreement
A South African law-governed agreement establishing terms and conditions for a lending facility, including loan amount, interest, repayment terms, and security arrangements.
Download
Employee Laptop Loan Agreement
A South African law-governed agreement setting out terms for loaning company laptops to employees, including usage, maintenance, and return conditions.
Download
Car Payment Plan Agreement
A South African law-compliant agreement outlining terms and conditions for vehicle purchase through structured payments, incorporating National Credit Act requirements.
Download
Borrowing Form
A South African law-compliant document that establishes legally binding terms for a loan between a credit provider and borrower, incorporating National Credit Act requirements.
Download
Simple Equipment Borrowing Agreement
A South African law-compliant agreement establishing terms and conditions for temporary equipment loans between parties.
Download
No Loan Agreement
A South African legal document that formally establishes and confirms the absence of any loan relationship between parties.
Download
International Loan Agreement
A South African law-governed agreement for cross-border lending transactions, establishing terms for international loans while ensuring compliance with local regulations.
Download
Inter Corporate Deposit Agreement
A South African law-governed agreement regulating corporate deposit arrangements between companies, including terms for deposit placement, interest, and repayment.
Download
Fixed Sum Loan Agreement
A South African law-governed agreement establishing terms for a fixed sum loan, compliant with the National Credit Act and related regulations.
Download
Deed Of Assignment Loan Agreement
A South African law-governed agreement transferring rights and obligations under an existing loan from one lender to another, including associated terms and conditions.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it