|Terms and Conditions
|As our client, you confirm that:
|A) you are not a minor.
|B) you have never been declared mentally unfit by a court.
|C) you are not subject to an administration order.
|D) you do not have any current debt re-arrangement in existence.
|E) you have not previously applied for a debt re-arrangement.
|F) you do not have applications pending for credit, nor do you have any open quotations under section 92 of the National Credit Act 34 of 2005 ("National Credit Act").
|You consent to Absa Bank Limited (acting through its Vehicle and
Asset Finance division) ("Absa"/"us") making enquiries about your credit
history with any credit bureau.
You consent to us reporting the fact that we have concluded any credit
agreement with you to the National Loans Register in compliance with our
duties under the National Credit Act.
You declare that the information you have provided to us is true and correct
in all material respects.
|We are a member of the Banking Association of South Africa and want to assure you that we treat all information you give us about your personal and financial matters as strictly confidential. For Absa to offer you a full range of services and products suited to your needs, we need your consent to use your personal information within Absa and to communicate with you on an on going basis.
|We are committed to complying with national and international
laws, rules, regulations and policies which regulate the combating of criminal
activities, money laundering and terrorist financing ("our legal obligations").
For this reason, we may initially screen, verify and process all new customer
and related information. If we accept your application, we will
continuously monitor all information, instructions and transactions
which are relevant to your business relationship with us and the
transactions you conclude using our services. This may mean that you
will not be allowed to conclude your transactions or parts thereof, or
that your transaction may be delayed. This may also mean that we will
not carry out all of your instructions, may carry out your instructions
only to a limited extent, or may delay in carrying out your
instructions. It may also mean that it is necessary for us to end our
business relationship with you. To the extent permissible, we will
tell you of any prohibitions or limitations which affect any of your
applications, instructions or transactions. But we will not be
liable, nor will our affiliates, employees, officers or directors be
liable, for any loss or damages of whatever kind (including, without
limitation, any loss of profits, loss of anticipated savings, or other
consequential loss) which you may suffer or incur as a result of,
in connection with, or arising from the fact that we acted or did not
act so as to comply with our legal obligations (this is known in law
as a limitation of liability or a disclaimer).