Archives: FAQs

9. Non-compliant Of The Loan Agreement

If you do not comply strictly with the rules set out in this agreement, commit any act of insolvency, are sequestrated, make any untrue statements or representations, fail to disclose any information that is pertinent to the loan application or Read More

8. Right To Terminate The Agreement

You and your stokvel can terminate this agreement by closing your Nala Club account by which you agree that StokFella may immediately claim the entire amount you owe in terms of the agreement from the locked stokvel savings (which includes, Read More

7. Statements

You agree the statement of payment schedule to be incorporated in your current stokvel Nala Club account statement. You can download this statement up to 90 days in arrears for Free anytime you wish from your StokFella profile. Non-receipt of Read More

6. Insurance

Where and when applicable and if selected by you in your application online; a credit life policy will be arranged on your behalf. You then acknowledge that: The policy is offered by a licensed 3rd party insurance provider nominated by Read More

5. Cession

If you decide to cede any of the stokvel savings on the Nala Club account against the loan agreement; you hereby agree that you will fully cede the loan amount; full interest together with fees and any charges to StokFella Read More