1. We Southwalk Capital have the right to approve/reject loan requests at our own discretion and do not owe a client explanation for any financial/management decision whatsoever taken with respect to loan requests.
  2. Charges on defaults and interest payments are calculated on the principal sum (loan amount) and not the loan balance.
  3. Processing fees as indicated in the content of the contract document are deducted upfront at the point of disbursement.
  4. We do not accept liability that might arise as a result of defaults taken in a group or jointly. We maintain a business relationship with the borrower whose detail is stated on the first page of this contract. The borrower shall be solely responsible for this facility and the remittance of the sum accrued to us as at when due
  5. Any overage on the agreed repayment amount shall be safeguarded by the company at a 0% interest basis and deducted from the next payment except when a client writes to notify us about his/her intention to restructure outstanding principal to capture overage.
  6. A borrower/ Guarantor has no right to block/deactivate a post-dated cheque or any other instrument presented by the borrower to Southwalk Capital Limited for monthly remittance. We reserve the right to treat such action as an attempt to defraud the company and further escalate such action to regulatory bodies/security agencies.
  7. Management fee 4.5% flat on the disbursed amount payable upon acceptance of the offer. This is taken upfront and non-refundable.
  8. In an event where a Borrower intends to service interest for facility obtained, the borrower is to inform the company through a Written application which should be forwarded to us before 7 working days of loan payment date.
  9. Any payment not remitted to us within 24 hours would be considered as LATE PAYMENT and a 10% (of the Remittance Sum) late repayment fee would be charged per day until the obligation is fulfilled. Payments that exceed 7 working days would be considered as a DEFAULT applied according.
  10. Southwalk Capital reserve the right to outsource recovery of delinquent loans to third-party recovery agencies who have the right to recover loan using whatsoever methods they deem fit and Southwalk Capital Limited is hereby indemnified of any action taken to recover the loan owing to Borrower’s inability to meet up with his/her obligations as contained in this contract document.
  11. In the event of default, the Borrower shall be liable to pay all reasonable legal fees should the default lead to litigation or otherwise and another cost reasonably incurred ensure repayment shall be settled by the Borrower and the Guarantor(s) as the case may be.
  12. The undersigned and all other parties to this note, whether as Guarantor, surely or endorser agrees to remain fully bound until this loan shall be fully paid and also agree to be bonded by any extension, modification, waiver, or other indulgences.
  13. Southwalk Capital Limited has the right to present bank instruments including post-dated cheque, Fund Transfer form, in recovering monthly remittance as at when due without recourse to the borrower.



These Terms and Conditions govern the relationship between Southwalk Capital Limited (“the company”) and a customer who has requested the company to establish a call, term, or other fixed deposit accounts (“Deposit Account”) on his/her/their behalf.

By accepting these Terms, I/We agree that I/We have received, read, understood, and agree to be bound by the terms contained herein and the company’s subsequent amendments thereto, as well as the laws, rules, and regulations now existing or which may hereafter be enacted, issued or enforced.

I/We agree that by requesting for a Deposit Account online, I/We shall be subject to the Terms and Conditions applicable to the company’s internet and mobile banking services (as may be amended from time to time); and that I/We have, read, understood the said Terms and Conditions.

If I/We do not agree with the terms contained herein or any other applicable Terms and Conditions, I/We will not proceed with the application. The terms and conditions generally applicable to bank accounts in Southwalk Capital Limited shall also apply, except in the event of a conflict in which case these Terms shall take precedence to the extent of the

1.0 Customer Information

1.1 I/We represent and agree that all information provided to the company in connection with my/our Deposit Account is and will be kept accurate, current and complete; and also that I/We have the right to provide such information.

1.2 I/We warrant that I/We have the authority and capacity to perform my/our obligations in accordance with the terms and conditions governing a Deposit Account in Southwalk Capital Limited.

1.3 I/We will furnish Southwalk Capital Limited with all required documentation necessary for Southwalk Capital Limited to determine the validity of my/our funds as well as any information I/We provide.

2.0 Customer Instructions

2.1 I/We agree that the company needs to receive clear instructions from me/us (in writing or via an authorized medium) to initiate, establish and/or otherwise execute transactions connected to a Deposit Account; and I/We shall provide the company with such clear instructions at all relevant times.

2.2 In the event that I/We give oral, telephone, email or facsimile instructions to the company regarding my/our Deposit Account, Southwalk Capital Limited reserves the right but shall not be obliged to rely solely on such oral, telephone, email or facsimile instruction. I/ We
agree to indemnify the company fully for any adverse situation arising out of such reliance.

3.0 Interest

3.1 Interest on my/our Deposit and any renewed Deposit shall be paid at Southwalk Capital Limited’s rate prevailing on the date of placement or renewal (as the case may be), with or without the need to notify me/us, calculated and credited on such basis and in accordance with such formula as Southwalk Capital Limited may select at its sole discretion, provided that Southwalk Capital Limited shall not be obliged to pay any such interest if I/we breach any applicable term or condition in these terms or any other agreement governing my/our relationship with the company.

3.2 Interest on deposits may be paid less applicable taxes.

4.0 Maturity/Termination/Withdrawals

4.1 Term Deposit: I/We agree that the deposit in my/our Term Deposit Account shall be fixed for the tenure indicated by me/us in the request. Withdrawal of the balance in my/our  Term Deposit Account and/or accrued interest, whether partially or fully, before the maturity date, may be effected only with Southwalk Capital Limited’s consent, subject to me/us providing the company with a minimum notice of five (5) working days. Southwalk Capital Limited is hereby authorized to affect my/our withdrawal request only upon such terms and conditions as Southwalk Capital Limited may impose in relation thereto, including, and without being limited to the imposition of levies and/or penalties determined at its own discretion.

4.2 Call Deposit: I/We understand that I/We may request for the withdrawal of the full of any part of my Call Deposit Account, subject to providing the company with a minimum notice of five (5) working days; and such withdrawal shall be the termination of the Deposit Account.

4.3 All Deposit Accounts: In the event of a partial withdrawal of funds from my/ our Deposit Account, such funds which are not withdrawn may be treated by the company as a new deposit, and will be subject to the interest rate as well as other terms and conditions applied by the company as at that material time. Upon maturity of my/our investment in a Deposit Account, interest shall be payable on the invested amount at the company’s prevailing rate. My/Our principal investment and accrued interest shall be paid in the manner stipulated by me/us. In the event that I/We do not provide clear instruction on how my/our funds should be treated upon maturity, the company is hereby authorized to exercise its discretion on how the funds shall be treated.

5.0 Processing Cut-off Times and Banking Hours Subject to receipt of full cash payment for the principal investment, completed online Deposit application form, and satisfactory compliance with all Southwalk Capital Limited’s requirement for the establishment of a Deposit Account, the company shall take reasonable steps to effect the instruction within two (2) working days

6.0 Set-Off

6.1 In addition to any general lien or similar to which Southwalk Capital Limited as bankers may be entitled by law, Southwalk Capital
Limited may at any time and without notice to me/us, combine or consolidate all or any of my/our deposits and accounts with and liabilities to Southwalk Capital Limited and setoff or transfer any sum or sum standing to my/our credit, including but not to limited to cash, cheques, valuables, deposits, securities, negotiable instruments or other assets belonging to me/us with Southwalk Capital Limited in or towards satisfaction of any of my/our liabilities to Southwalk Capital Limited on any other account or in any other respect whether such liabilities be actual or contingent, primary or collateral and several or joint.

6.2 Southwalk Capital Limited is, in addition to any other right, hereby authorized to set off any losses incurred by Southwalk Capital Limited against any of my/our accounts at any of Southwalk Capital Limited’s branches.

7.0 Disclaimers/Exemption from Liability

7.1 Southwalk Capital Limited shall not be liable for any failed, delayed omitted, or unsuccessful processing of any request regarding my/our request Deposit Account or delivery of funds or for any other failure to carry out its responsibilities due to events beyond its control, such reasons which include but are not limited to force majeure events, network or system downtime or failures, maintenance processes, unavailability of any communication system, delays, malfunctions or any other analogous event arising from an external interface, breach or virus in the processes or payment mechanism, sabotage, unauthorized access to computer data and storage device,
computer crashes, breach of security restrictions on convertibility or transferability of funds, other regulatory stipulations, acts of war, natural disasters, civil strife, network, communications or technological constraints.

7.2 Except if caused by the company’s proven intentional and fraudulent misconduct or Suite D5, Emmanuel Plaza, Jabi Abuja | 07049808980 www.southwalk.com.ng | info@southwalk.org contravention of these Terms, Southwalk Capital Limited shall not be responsible for any loss, injury, damage, or any other liability, whether direct, indirect, special or consequential, caused by any transaction connected to my/our Deposit Account.

I/We shall indemnify and hold Southwalk Capital Limited harmless from all claims, demands, lawsuits, losses, costs, expenses, and attorney’s fees suffered or incurred as a result of any transaction related to my/ our Deposit Account
and/or my/our violation of these Terms.

7.3 Southwalk Capital Limited disclaims any liability in respect of any Deposit Account linked with fraud or illegality.

7.4 If the company provides any information to me/us via any email, telephone, or other channel, details of which I/We provided to the company, the company shall not be liable if the information becomes intercepted, altered, or misused by an unauthorized person.

7.5 I/We agree that statements of accounts are not usually provided for Deposit Accounts and they need not be provided by the company.

8.0 General Terms

8.1 Southwalk Capital Limited may change the terms of these Terms, with or without notice to me/us.

8.2 Southwalk Capital Limited may record phone calls and other communications with me/us and may use the information for any lawful purpose, at its sole discretion.

8.3 I/We agree that my/our application for the establishment or maintenance of a Deposit Account with the company will be subject to the company’s processes and reviews, which may require me/us to provide further information or documents.

8.4 Nonenforcement or delay by the company in enforcing any applicable term or condition of our relationship does not prevent the company from enforcing the clause at a later date.

8.5 I/We agree that my/our rights under these Terms are personal to me/us and cannot be assigned. 8.6 These Terms shall be governed
by the Laws of the Federal Republic of Nigeria.



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