Saambou Bank, through it's intermediary, Sunwil Financial Services, wishes to negotiate a Group Loan Scheme with your company, whereby your employees may apply for personal loans from Saambou Bank on condition that an employee's salary is paid into a Saambou Bank Account or installments due are recovered by way of payroll deduction.

We see this as an opportunity to be of service to your employees in raising their standards of living. We furthermore believe that we can be of assistance to you in that:

(a) we relieve you from handling these requests
(b) we take away the administrative burden and
(c) you can now use your company's monies to better effect.

Saambou Bank and every employee who takes up a loan will enter into a loan agreement. In addition, Saambou and yourself will enter into an agreement whereby you (as employer) will be obliged to, either deduct the installments due by the employees to the Bank from their remuneration, or co-operate with Saambou Bank as set out in the letter of co-operation.

The requirements necessary for an employee to qualify for a loan are: