REQUIREMENTS

Partner Plan Plus Application Form

Deposit first installment

Establish “Method of Payment” for future installments

TERMS AND CONDITIONS Minimum Monthly Investment: $4,000

Tenure: 6 Months, 12 Months, 18 Months, 24 Months

Rate: 3.5%

Interest payable upon maturity

Installments (hands) are made monthly, weekly, or fortnightly.

Provides the option to access a Partner loan (the full draw) after saving half of the contracted amount.

PARTNER LOAN SCENARIO

Member saves $10,000 per month for 12 months = $120,000

After 6 months payment, ($60,000+ interest) member will be able to borrow the full draw ($120,000) for 6 months with a processing fee of 4.2% of the loan or $5,040 and a $10,000 monthly payment.

The processing fee will be 4.2% of the loan amount granted or a minimum of $4,000.00 for ALL loans.

The Partner Plan will NOT continue after loan has been granted and will be closed, kept on the Partner Account, and paid over to the loan on maturity. The loan will NOT exceed the Partner Plan contracted period.

The minimum loan amount is $50,000.00

Subject to Withholding Tax Member Partner Plan contract will determine the loan period for e.g.

If the member Partner Plan Contract period is 18 months he can borrow after 9 months, and the loan period would be for 9 months only. Similarly, If the member Partner Plan Contract period is 12months he can borrow after 6 months, and the loan period would be for 6 months only. In this case 50% equity from the member and 50% from the loan.

Multiple contracts will be accommodated but only one Partner loan during the contracted period.

Proceeds can be hypothecated as security for Loans.

Penalties Members are permitted 1 missed installment per contract.

Closure 3 months after the contract will result in no interest payment.

Early encashment/ withdrawal before maturity will result in a 2% penalty.

Maturity of the Plan

Matured proceeds will be transferred to an account of the member’s choice.

Once the member has a loan the proceeds will be held on the Partner Plus account and transferred to the loan on maturity.