Eli-jobs Financial services ltd-loan agreement

THE REPUBLIC OF UGANDA

LOAN AGREEMENT

MADE this..day of ..

Between ELI-JOBS Financial Services LTD, KAMPALA the Lender which expression shall where the
context so permits include its successor in tittle, attorneys, and assigns) of one hand,

And..of

(Rerein called the Borrower which expression shall where the next so permits include its/his/her
successors in tittle, attorneys and assigns) of the other hand;

WHEREAS the Borrower has requested for a loan from the Lender and the Lender is willing to grant such
request;

IT IS HEREBY AGREED between the Lender and the Borrower as follows:

1. The Borrower accepts from the Lender, a sum of money as indicated principal in paragraph (e)
herein below (herein called the loan) upon the following terms and conditions-
a. The loan shall be for the duration ofWEEK/MONTH(s) with effect from the day
of..201..
b. The Borrower undertakes to repay the loan in full plus the sum of interest charged as stated in
paragraph) (e) herein below) within a period not exceeding the said duration, that is to say on or
before the..day of(herein called Maturity date )
c. The loan shall attract an interest throughout its duration and upon default to pay on time, the
defaulter shall then be charged all costs, fees and charges incidental to the Lender, the Borrower
may pay the loan (whether wholly or partly) together within the interest charged herein prior to
the maturity date and will not be penalized for such premature payment.
d. Subject to consent of the Lender, the Borrower may pay the loan (whether wholly or partly)
together with the interest charged herein prior to the maturity date and will not be penalized for
such premature payment.
e. The total amount of the loan borrowed and repayable with interest with on or before the maturity
date is as follows:
Principal
Interest
Total repayable
Eli-jobs Financial services ltd-loan agreement

2. The Borrower hereby pledges, presents and hands over to the Lender the articles/properties in
the schedule to this agreement as security for the loan.
3. The Borrower hereby empowers and authorizes the lender, upon the borrowers default in paying
the loan, to realize or otherwise deal with the said security/ securities in any lawful way may deem
appropriate, and without need for recourse for a court order, including sale, completing/ dating
and presenting of cheques for payment, all for purposes of recovering any outstanding sum on
the loan. And in case of a cheque the Borrower hereby- empowers and authorizes the Lender to
date it ( if it is undated) and/ or present it for payment any time after the Maturity date if the
Borrower is in default of the whole or any part of the loan.

4. If any party to this agreement is other than an individual natural person e.g a company,
Partnership, Trust etc, the individual person signing on such partys behalf, hereby represents and
warrants that all steps, actions and requirements have been taken and under the entitys
governing instruments to authorize the entrys authority, the individual signings this agreement
purportedly upon such presumed authority shall be personally responsible for the loan hereby
granted and liable for its full repayment as the actual Borrower; And in breach of any
representation contained herein shall be construed a material breach of the loan agreement.

5. Severity: In the event of any provision of this agreement being found or deemed to be void, invalid
or un enforceable for any reason, such provision shall be served from the rest of this agreement
so as not to cause invalidity or unenforceability of the remainder of this agreement and all
remaining provisions of this agreement shall then continue in force and effect. And if any provision
of this agreement shall be deemed invalid due to its scope or breath, such provision shall be
deemed valid to the extent of the scope and breadth permitted by law.

6. Non or delayed exercise by the lender of any of its rights or privileges under this agreement or
any law shall not constitute a waiver thereof precluding any other or further exercise thereof.
WHEREFORE the parties to this agreement have already affixed their respective hands/seals:
Signed and delivered by The BORROWER(S) (Also in acknowledgement of receipt of the loan
AMOUNT UGX.)
Eli-jobs Financial services ltd-loan agreement

(In case of individuals) the said:

NameSignature...
TelEmail address ...
Address..

In case of non-individual/corporate entity)

Signed for and on behalf of the said:
.Ltd
By: ......Director

Name..SignatureTel.

In presence of:
NameSignature...
TelEmail address...
Address..
Witness:

Signed and delivered

For and on behalf of the said
ELI-JOBS FINANCIAL SERVICES LTD
(LENDER)
..
Director

..
Director/Secretary
Eli-jobs Financial services ltd-loan agreement

SCHEDULE
List of securities: The following are the properties/articles/ instruments presented/ pledged by the
Borrower to the lender as securities for the loan:
(a) Cheque (s) No..for Shs
To be drawn on account No(s) ofbank.
(b) Vehicle Registration No...Log book Registration
NOEngine NO.....Chassis No.
Color.PROVIDED such vehicle shall be parked with
The lender at his premises at the risk of the borrower.
(c) Land Title Block NoPlot No..Or
LRV.folio.Plot....
(d) Salary ScaleEmployer..
Bank account..In..
Bank, personal file number with the employer..
Bank loan if any.or how much.and for how
Long it has been going on.And when it is expected to be fully
satisfied.
(e) Other goods or chattels described as...

.
DECLARATION BY BORROWER
I/WE hereby declare and confirm that I/we have lawful title to the security (ies) hereinabove offered to
the lender and that there are no prior adverse claims regarding the same and guarantee to be liable in
both criminal and civil proceedings should the lenders security (ies) be prejudiced/affected by my /our
lack of title thereto or by adverse claims.
Declared by:
Name/signature/tel
BEFORE ME at ..this.day of 201

..
COMMISIONER FOR OATHS
Eli-jobs Financial services ltd-loan agreement