DEVANTTECH LIMITED

Loan Application / Agreement Form

PRIVATE-SECTOR LOAN APPLICATION / AGREEMENT
Important Notice: Please ensure all information provided is accurate and complete. All fields marked * are mandatory. Incomplete or incorrect submissions may result in delays or automatic disqualification.
Loan Requirements
  • Copy of valid and work ID cards.
  • Last 3 months pay slip.
  • Last 6 months salary account statement.
  • Utility Bill of residential address.
  • Mail from work mailing address to confirm that you are a staff.
  • Cheques to cover loan repayment period.
  • Direct debit mandate on salary account in favour of DEVANTTECH.
Customer Data
Full Name (Surname First)*
Customer Name *
Sex (Pls Select)*
Gender *
Marital Status (Pls Select)*
Marital Status *
Date of Birth (Day/Month/Year)*
Date of Birth *
Religion (Pls Select)
Religion
Home Address*
Home Address *
Phone No/s*
Phone Number *
Email Address*
Email *
Name of Employer*
Organization Name *
Office Address*
Office Address *
Office Phone No*
Office Phone No *
Net Monthly Salary*
Net Pay *
Current Department and Job Post*
Current Department and Job Post *
Salary Account Details
Account Number*
Account Number *
Account Name*
Account Name *
Bank Name*
Bank Name *
BVN*
BVN *
Loan Details
Loan Amount*
Loan Amount *
Purpose of Loan*
Purpose of Loan *
Tenor (Months)*
Loan Tenor *
Repayment Mode (Select)*
Repayment Mode *
Next of Kin Details (This should be a mature individual)
Name*
Name of Next of Kin *
Phone No/s*
Phone Number *
Relationship*
Relationship *
Address*
Address *
Guarantor Details (This should be a mature individual)
Guarantor's Name*
Guarantor's Name
Guarantor's Phone Number*
Guarantor Phone Number
Guarantor's Email*
Guarantor's Email
Guarantor's Home Address*
Home Address
Guarantor's Work Address*
Guarantor's Work Address
Guarantor's BVN*
Guarantor's BVN
Upload Guarantor's ID*
Upload Guarantor's Valid ID
Maximum file size: 15 MB
Document Uploads
Upload Valid ID / Work ID*
Upload Means of Identification *
Maximum file size: 15 MB
Upload Passport Photo*
Passport Photo *
Maximum file size: 15 MB
Loan Terms and Conditions
Conditions Precedent to Draw-Down
Following your decision to obtain a credit facility from DEVANTTECH Ltd, here are the conditions precedent:

i. Acceptance of the terms and conditions of the offer as contained herein.
ii. DEVANTTECH LIMITED shall grant a moratorium of 30 days pending when the deduction shall be effected from your salary.
iii. DEVANTTECH LIMITED shall deduct the monthly installment from your salary in accordance with the terms and covenants of the loan facility.
vi. In the event that your monthly deduction is missed, please transfer your repayment amount manually to our account, Devanttech Ltd, FirstBank, A/C No 2045539697.

1. Other Conditions
i. The borrower agrees to repay DEVANTTECH LIMITED Facility (Principal plus accrued interest) in accordance with the Terms and Conditions of this Document.
ii. The debt obligation created shall not be subordinated to any outstanding or future obligations of the borrower.
iii. If the borrower intends to liquidate the facility before the end of the loan period, the borrower is to pay up the outstanding principal, the full interest for the current month, and a pre-liquidation charge of 2% on the outstanding total principal.
iv. Where the date for repayment falls on a non-business day, the payment becomes due on the preceding business day.

2. Representations and Warranties
i. There is no litigation or administrative proceeding pending against the Borrower that would substantially affect their financial position or ability to carry on normal business.
ii. The Borrower is not in default under any obligation in respect of any borrowed money, and the execution and performance of this loan obligation will not result in a breach of default under any provision of any agreement to which the Borrower is a party.

3. Events of Default
i. The Borrower fails to make repayment or payment of the principal, interest or other amount on the date it was due.
ii. If the Borrower's creditors obtain a court order or injunction against the Borrower's accounts.
iii. The Borrower undertakes to bear all costs and expenses incurred by the company for recovery of the loan sum in the event of default.
iv. DEVANTTECH LIMITED may at any time involve a third party with the sole purpose of recovering its money.
v. Company reserves the right to reach out to family, friends, colleagues, acquaintances and relatives notifying them about your obligations if you are defaulting.
vi. The right to use every legal means possible to recover this loan will be invoked upon default.

4. Assignment
This Offer Letter shall be binding upon the Borrower as well as their respective heirs and assigns. The Borrower shall not assign or transfer their obligations hereunder.

Declaration
I hereby confirm that I have read and understood the terms of this facility.
Declaration and Signature
Full Name*
Declaration and Signature (Full Name) *
Acceptance Date*
Acceptance Date *
Letter of Acknowledgement
I hereby undertake to pay the monthly rental as attached until I fully liquidate my indebtedness, and I authorize DEVANTTECH LIMITED to deduct the monthly installment from directly from my Salary Account forthwith.
Acknowledgement Name*
Acknowledgement Name *
Acknowledgement Date*
Acknowledgement Date *