SWEDRU TEACHERS’ CO-OPERATIVE CREDIT UNION LTD

LOAN CONTRACT FORM

NON-SALARY WORKER

  1. PERSONAL PARTICULARS

Full Name
Residential Address
Tel. Nos.
Home Town / Occupation
Age / Account Number
  1. Amount Required (In Figures) GH¢…………………………………………

(In Words) …………………………………………………………………

  1. Purpose Of Loan (Please State Clearly Below)

Provident / Agricultural / Business
  • Housing
  • School fees
  • Medical bills
  • Marriage
  • Rent
  • Funeral
  • Housing project
  • Other (Specify)
………………...... /
  • Crop farming
  • Poultry farming
  • Livestock farming
  • Other (Specify)
……………………. /
  • Commercial transport
  • Trading (buying/Selling)
  • Import and Export
  • Manufacturing
  • Other (Specify)
……………………….
  1. Marital Status: Married Single Widow Divorce
  2. Sex Female Male
  3. No of Dependents…………………..7. No. of Installment: ……………………..

8. Tel no…………….…………………9. E-zwich No……………...……………...

10. Start Date of Repayment……………. 11. Shares Balance Gh¢…………………….

12. Net Monthly Income………………… 13. Savings Balance GH¢…………………...

14. Loan Balance (If Any) GH¢……......

15. I promise to repay this loan by DailyWeeklyMonthly instalments.

16. DECLARATION

I declare that the above information is true to the best of my knowledge and agree to abide

by the bye-laws of the Society; the loan policy and any variations set by the Management,

Committee and/or the Loans Committee. I/We agree to pay an interest of 0.1% per day or

3% per month of 30 days on the reducing balance. In case I/We fail to repay this loan;

I/We shall be liable to pay up collection expenses and fines of 10% on the unpaid balance.

……………………………………………………………

Signature Date

17. For officers use only

Application Fully Approved Amount GH¢ ……………………………….

Application Partially Approved Amount GH¢ ……………………………….

Application Unapproved

If unapproved or partially approved give reasons

………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

18. Level of credibility: High Medium LowNot known

19. Past records: Excellent Very goodGood N/A

20. Loans Officer’s Comment:…………………………………………………………….....

…………………………………………………………………………………………….

…………………………………………………………………………………………….

21. LOANS COMMITTEE MEMBERS

NameSignature Date

……………………………………………………………………………………

…………………………………………….………………………………………

…………………………………………….………………………………………

Name of Mobile Banker:…………………………………………………………………………………...

Mobile Banker’s Comment: ………………………………………………………………………………..

……………………………………………………………………………………………………………….

Note: please attach a coloured copy of any valid ID and Payslip. (If any)

SWEDRU TEACHERS’ CO-OPERATIVE CREDIT UNION LTD

GUARANTOR’S FORM

Applicant’s Name:…………………………………………………………………………......

Guarantors

  1. Name:…………………………………………Relationship……………………Age……………

Account Number: Savings Bal. GH¢…………...

Amount guaranteed for GH¢……………………………………………….

Residential Address…………………………………………………………

………………………………………………………………………………

………………………………………………………………………………

Occupation…………………………….Type of Security………………….

Signature………………………………Telephone No…….……………….

  1. Name:…………………………………………Relationship……………………Age……………

Account Number: Savings Bal. GH¢…………...

Amount guaranteed for GH¢……………………………………………….

Residential Address…………………………………………………………

………………………………………………………………………………

………………………………………………………………………………

Occupation…………………………….Type of Security………………….

Signature………………………………Telephone No…….………………

  1. Name:…………………………………………Relationship……………………Age……………

Account Number: Savings Bal. GH¢…………...

Amount guaranteed for GH¢……………………………………………….

Residential Address…………………………………………………………

………………………………………………………………………………

………………………………………………………………………………

Occupation…………………………….Type of Security………………….

Signature………………………………Telephone No…….……………….

I hereby agree that the amount stated against my name should be deducted from my savings/security/collateral provided to pay for the loan granted to Mr/Mrs/Mad. ……………………...... in case he/she refuses to pay as agreed.

Note: please attach a coloured copy of any valid ID and Payslip. (If any)