Section 5
IF GRANTED I HEREBY AGREE THAT THE FOLLOWING TERMS AND CONDITIONS SHOULD APPLY :
1. Security to the loan will be existing security on my mortgage account number
2. By copy of this application I irrevocably authorize the NBS Bank/my banker
(name of Bank) to deduct the monthly repayments from my Account Number
and pay NBS Bank.
3. Where this loan is paid off (in full) before the expiry of the agreed term, a penalty of the equivalent of 30 days interest on the outstanding loan balance based on the ruling rate shall be charged.
4. NBS Bank reserves the right to change without notice the terms and conditions of the loan. |