Mortgage Loan Contract Template for South Africa

1. Guarantees: Required when there are third-party guarantors for the loan

2. Insurance Requirements: Detailed section needed when specific insurance arrangements are required beyond standard property insurance

3. Construction Provisions: Required when the loan is for property under construction, including building specifications and progress payments

4. Special Conditions: Used when there are unique circumstances or additional requirements specific to the loan

5. Co-borrower Provisions: Required when there are multiple borrowers, detailing joint and several liability

6. Variable Interest Rate Provisions: Detailed provisions needed when the loan has a variable interest rate structure

1. Property Description Schedule: Detailed legal description of the mortgaged property including erf number, title deed details, and physical address

2. Payment Schedule: Amortization table showing payment dates, amounts, and interest calculations

3. Fee Schedule: Detailed breakdown of all fees and charges as required by the National Credit Act

4. Insurance Requirements Schedule: Specific insurance requirements including types of coverage and minimum amounts

5. Pre-agreement Statement and Quotation: Statutory pre-agreement disclosure as required by the National Credit Act

6. Construction Schedule: If applicable, details of construction phases and related payment milestones

7. Supporting Documents Appendix: List of all supporting documents including property valuations, insurance certificates, and FICA documentation