EASY ADVANCE ENTERPRISES (PTY) LTD

Terms and Conditions – Repayment and Default

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Repayment Obligations

By accepting a loan from Easy Advance Enterprises (Pty) Ltd, the borrower agrees to repay the loan amount, together with all applicable interest, fees, and charges, in accordance with the terms of the signed Credit Agreement.

Repayments must be made on or before the agreed due dates using the approved payment methods.

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Failure to Repay

If a borrower fails to make payment as agreed, the loan account may be regarded as being in default in accordance with the Credit Agreement and applicable South African law.

Where a borrower defaults on repayment, Easy Advance Enterprises (Pty) Ltd may take one or more of the following actions:

• Contact the borrower to discuss the outstanding account and seek an amicable resolution.

• Issue payment reminders and notices where required.

• Offer reasonable arrangements to settle the outstanding balance, where appropriate.

• Charge default-related fees or interest only where permitted by law and the Credit Agreement.

• Refer the matter for debt collection or institute legal proceedings where necessary and in accordance with the National Credit Act, 2005, and any other applicable legislation.

• Recover all outstanding amounts legally due, including any lawful costs associated with the recovery process where permitted by law.

Borrower's Responsibility

The borrower is responsible for ensuring that all repayments are made on time. If the borrower experiences financial difficulties that may affect repayment, they should contact Easy Advance Enterprises (Pty) Ltd as soon as possible to discuss possible repayment arrangements.

Legal Compliance

Easy Advance Enterprises (Pty) Ltd is committed to conducting all debt recovery and legal enforcement processes fairly, responsibly, and in compliance with the National Credit Act, 2005, applicable regulations, and any court procedures where required.

By signing the Credit Agreement, the borrower acknowledges that they have read, understood, and agreed to these Terms and Conditions.