TERMS AND CONDITIONS
I, the applicant hereby declare that, I fully understand the scheme as offered by Johncherish Global Ltd and therefore, authorise my employer to effect a monthly deduction of the amount against my name from my monthly salary for the purpose of defraying the cost of the credit facility, I am obtaining from Johncherish Global Ltd. This authority shall subsist for the period as indicated and is irrevocable until the entire credit sum granted is fully defrayed.
I undertake to be bound by the following terms and conditions:
This agreement is irrevocable until the total sum is defrayed through the monthly deductions.
Where netpay is not substantial for amount applied, the processing officer has the right to reduce the loan to a qualified amount. Processing fee applied.
Where deduction fails to run as a result of counter instruction by the customer, same when resumed, shall attract thirty percent (30%) interest on the total sum in arrears.
Upon retirement, resignation and/or death, the balance of the total sum shall be recovered from the available applicant’s retirement/death benefits through the pension boards or pension fund managers.
RIGHTS OF APPROPRIATION, DEBIT, SET-OFF AND/OR CONSOLIDATION OF ACCOUNTS: In respect of any debt, obligation or liability owed by you to the company, whether actual or contingent, matured or not, as principal debtor, we shall be entitled at any time and without notice to you, to perform any or all of the following: (a)appropriate, set-off or debit all the balances in any of your accounts, to pay and discharge all of the obligations regardless of where your account(s) are located, and whether your account(s) are held in your sole name or jointly with others (“Affect Accounts”); (b)combine or consolidate all or any of your account(s) including the affected account(s); (c)where required, earmark any amounts credited or expected to be credited into your affected account(s); (d)refuse any withdrawals from an affected account which is earmarked until the obligations are discharged in full.
Confidentiality: you hereby authorise any other person who has access to your information to disclose any information relating to you, any transaction as well as any related matter, where we so consider whether local or foreign. The company and all members of the company are hereby authorised to disclose and share any information or data amongst themselves including any personal, confidential, financial or other information about the customer, any transactions and related matters.
Communication: We may send any notice(s), advice or other communication to you by hand, mail, or by leaving them at any address(es) known or reasonably believed to be yours or through electronic means or any other media selected by us. Such notice(s), advice or other communications will be deemed to have been received by the intended recipient upon being hand delivered or left at the said address or on the day following the mailing thereof. Notice(s) and communications may also be affected through the print or electronic media, notification in/at the company’s locations (e.g posters, fliers, signage, etc), You are deemed to have received any such notification on the date of delivery, publication, broadcast, communication or upon same being made available by the company. You shall bear all risks of communications you make to the company and vice versa. We are absolved of any liability or responsibility in the event that any communication is delayed, intercepted, lost and/or failed to be delivered, or in the event of any unauthorised access to the content of such communication.
The company may subtract VAT if there be any case of refund of cash.
Arbitration: Any dispute or difference arising out of or in connection with this contract shall be determined by arbitration panel so appointed as agreed by the parties in accordance with the arbitration and conciliation account.
There shall be no refunds after deductions from the government until remittances are paid into the company’s account.