1. Repayment Period:

Loan must be repaid in 7 to 39 fortnights as per the Irrevocable Salary Deduction Authority (ISDA) form, with extensions only in special cases approved by management.

2. Employment Termination:

If the borrower’s employment ends, final entitlements will be used to cover any outstanding loan balance, including penalties

3. Insufficient Final Pay:

If final pay is insufficient, Parliu Finance Limited may recover the balance from the borrower’s savings or personal assets.

4. Loan Reduction:

Parliu Finance Limited may reduce the loan amount based on creditworthiness and unforeseen circumstances after assessment.

5. Default Penalties:

A 40% penalty will be added to missed payments, and the borrower must repay the arrears over the original repayment period without any extension.

6. Primary Account Use:

Borrowers must keep their primary salary account unchanged, as loan disbursements will only go to this account.

7. Repayment Commitment:

Borrowers must adhere to the agreed repayment schedule on a fortnightly basis until the loan is fully paid off.

8. Right to Review:

Parliu Finance Limited reserves the right to reassess and possibly deny future loans during the loan term.

9. Application Fees:

Loan application fees can be deducted from the loan amount, with the balance paid into the borrower’s nominated account.

10. Salary Limitations:

Borrowers must retain 50% of their net salary for family support, as per Public Service Management standards.

11. Cancellation Costs:

Borrowers must cover any costs related to loan cancellation after the first salary deduction.

12. Reimbursement Queries:

Any reimbursement-related queries must be addressed within three months from the transaction date.

13. Prepayment Process:

Advance payments must be pre-arranged with Parliu Finance Limited, and only scheduled installment amounts can be paid to reduce the loan term.

14. Loan Agreement Completion:

The agreement ends once the loan and any associated fees are fully repaid. Parliu Finance Limited will provide written confirmation upon completion, retaining the right to pursue legal action for non-payment.

• I acknowledge that I have carefully read and understood the terms and conditions of this loan agreement and agree to adhere to it in its entirety.
• I agree that this is a personal loan and the bank account number provided is true and correct where Parliu Finance Limited can credit the loan proceed.
• I certify that the information provided in this application is true and correct to the best of my knowledge and I w i l l b e r e s ponsible for providing any i ncorrect