Process flow For SALA Pension Fund

Louise Abrahams Business Development Officer 087 736 6184 [email protected]

First National Bank – a division of FirstRand Bank Limited. An Authorised Financial Services and Credit Provider (NCRCP20).

Client contacts SALA Pension Fund to find out the Fund limit in terms of Fund Guarantee Client contacts HR Department for the Application form and CPP Regulatory Form Client completes application form and reads and initials the CPP Regulatory Form Client sends in application Form with supporting Documentation (Copy of I.D., proof of Address and latest payslip) If the loan is declined Clients will receive an sms stating the reason for the decline The Application form is Processed in terms of the NCA (National Credit Act) & FNB Credit Criteria Loan will be paid out within 24 hours after receiving reply from Client Client replies “YES” if he/she agrees with approval amount, loan term and instalment When FNB Loans receive Fund Consent a sms will be sent to client with the loan amount , loan term and instalment All approved loans will be sent to the SALA Pension Fund for Fund consent