Repayment Of Debt Agreement Template for South Africa

1. Security Provisions: Details of any security or collateral provided for the debt - include when the debt is secured by assets

2. Guarantor Provisions: Terms applicable to any guarantors of the debt - include when there are third-party guarantors

3. Early Settlement: Terms for early repayment of the debt - include when early settlement is permitted

4. Credit Insurance: Details of any credit insurance requirements or existing policies - include when insurance is relevant

5. Debt Counselling: References to debt counselling rights under the NCA - include when the debtor is a natural person

6. Assignment: Terms regarding the ability to assign rights under the agreement - include when assignment rights are important

7. Alternative Dispute Resolution: Mediation or arbitration procedures - include when parties prefer alternative dispute resolution

1. Schedule A - Debt Calculation: Detailed breakdown of the debt amount, including principal, interest, and other charges

2. Schedule B - Payment Schedule: Detailed amortization schedule showing all payment dates and amounts

3. Schedule C - Security Details: Description and details of any security or collateral (if applicable)

4. Appendix 1 - Copy of Original Debt Agreement: Copy of the agreement or documentation that gave rise to the original debt

5. Appendix 2 - Statement of Account: Current statement showing the debt balance and transaction history