The Property Loan Note is a crucial document in South African property financing, used when a lender provides funding secured against real estate. This document type is essential for both commercial and residential property transactions, combining elements of credit agreements and property security. The Property Loan Note must comply with the National Credit Act 34 of 2005, the Alienation of Land Act, and other relevant South African legislation. It typically includes comprehensive details about the loan amount, interest calculations, repayment terms, property description, security arrangements, and enforcement mechanisms. This document is particularly important in the South African context where property rights and financial transactions are strictly regulated, requiring specific formalities for validity and enforcement.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the Lender and Borrower with full legal names and registration/identification numbers
2. Background: Context of the loan agreement, including purpose and property details
3. Definitions and Interpretation: Key terms used throughout the document and interpretation rules
4. Loan Amount and Purpose: Specification of the loan amount and its intended use
5. Interest Rate and Calculations: Interest rate specifications, calculation methods and compliance with NCA regulations
6. Repayment Terms: Payment schedule, installment amounts, and repayment conditions
7. Security Arrangements: Details of property mortgage or other security provided
8. Conditions Precedent: Conditions that must be met before the loan becomes effective
9. Representations and Warranties: Statements of fact and assurances from the Borrower
10. Borrower's Covenants: Ongoing obligations and undertakings of the Borrower
11. Events of Default: Circumstances constituting default and consequential rights
12. Remedies: Lender's rights and remedies upon default
13. Notices: Communication requirements and contact details
14. General Provisions: Standard legal provisions including governing law and jurisdiction
1. Guarantees: Required when there are third-party guarantors for the loan
2. Insurance Requirements: Detailed when specific insurance coverage is mandatory
3. Property Maintenance Obligations: Included when specific property maintenance standards are required
4. Pre-payment Terms: When early repayment options are allowed
5. Assignment and Transfer: When the loan note may be transferable
6. Additional Security: When additional collateral beyond the property is required
7. Development Obligations: When the loan is for property development purposes
8. Multiple Drawdown Provisions: When the loan is to be released in phases
1. Schedule 1 - Property Description: Detailed legal description of the mortgaged property
2. Schedule 2 - Payment Schedule: Detailed amortization schedule with payment dates and amounts
3. Schedule 3 - Security Documents: List and copies of all security documents
4. Schedule 4 - Conditions Precedent Documents: List of required documents and conditions to be met
5. Schedule 5 - Compliance Certificates: Templates for ongoing compliance certifications
6. Appendix A - National Credit Act Declarations: Mandatory declarations under the National Credit Act
7. Appendix B - Property Valuation Report: Independent valuation of the property
8. Appendix C - Insurance Requirements: Detailed insurance specifications and requirements
Relevant legal definitions
Clauses
Loan Amount
Interest Rate
Repayment Terms
Security
Property Description
Conditions Precedent
Representations and Warranties
Covenants
Events of Default
Remedies
Property Maintenance
Insurance
Assignment
Transfer
Prepayment
Default Interest
Force Majeure
Notices
Confidentiality
Governing Law
Jurisdiction
Dispute Resolution
Costs and Expenses
Tax
Indemnification
Amendment
Severability
Entire Agreement
Registration
Compliance
Anti-Money Laundering
Consumer Protection
Property Valuation
Due Diligence
Interest Rate
Repayment Terms
Security
Property Description
Conditions Precedent
Representations and Warranties
Covenants
Events of Default
Remedies
Property Maintenance
Insurance
Assignment
Transfer
Prepayment
Default Interest
Force Majeure
Notices
Confidentiality
Governing Law
Jurisdiction
Dispute Resolution
Costs and Expenses
Tax
Indemnification
Amendment
Severability
Entire Agreement
Registration
Compliance
Anti-Money Laundering
Consumer Protection
Property Valuation
Due Diligence
Relevant Industries
Banking and Financial Services
Real Estate and Property
Construction and Development
Legal Services
Insurance
Investment and Asset Management
Property Management
Mortgage Services
Relevant Teams
Legal
Credit Risk
Property Finance
Compliance
Real Estate
Corporate Finance
Investment
Operations
Document Management
Risk Management
Portfolio Management
Relevant Roles
Legal Counsel
Property Finance Manager
Credit Manager
Risk Officer
Mortgage Specialist
Property Developer
Investment Manager
Compliance Officer
Real Estate Attorney
Banking Executive
Property Portfolio Manager
Loan Officer
Financial Director
Real Estate Investment Manager
Find the exact document you need
Promissory Note Form
A South African law-compliant financial instrument containing a written promise to pay a specified sum of money, governed by the Bills of Exchange Act.
find out more
Promissory Note For Funeral
A South African legal document combining a promissory note with funeral service provisions, establishing payment terms and service specifications under South African law.
find out more
Promissory Note For Car Loan
A South African legal document containing a borrower's promise to repay a vehicle loan under specific terms, compliant with local credit and financial legislation.
find out more
Promissory Letter For Payment
A South African law-governed written promise to pay a specified sum of money, serving as a legally enforceable debt instrument.
find out more
Promissory Note For Late Rental Payment
A South African legal document establishing a tenant's formal promise to pay outstanding rental arrears through a structured payment arrangement.
find out more
Iou Promissory Note
A South African law-governed written promise to pay a specified sum of money, serving as a formal acknowledgment of debt and providing legal grounds for collection.
find out more
Promissory Note For Tuition
A South African legal document establishing a binding promise to pay specified tuition fees to an educational institution.
find out more
Promissory Note
A South African legal document containing an unconditional promise to pay a specified sum of money, governed by the Bills of Exchange Act.
find out more
Guarantor Promissory Note
A South African law-governed financial instrument combining a promissory note with a guarantee agreement, creating primary and secondary payment obligations.
find out more
Promissory Note For Services Rendered
A South African legal document containing a written promise to pay for services already rendered, combining a promissory note with service acknowledgment.
find out more
Mortgage Note Form
A South African legal document establishing the terms and security arrangements for a mortgage loan, subject to national property and banking regulations.
find out more
Basic Promissory Note
A South African legal document containing a written promise to pay a specific sum of money, governed by the Bills of Exchange Act.
find out more
Simple Promissory Note
A legally binding debt instrument under South African law where one party promises to pay a specific sum to another party, either on demand or at a specified future date.
find out more
Promissory Note To Pay Remaining Balance
A South African legal document containing a written promise to pay a specified remaining balance, governed by local legislation including the Bills of Exchange Act.
find out more
Promissory Note For Balance Payment
A South African law-governed financial instrument documenting a written promise to pay a specified remaining balance amount under defined terms and conditions.
find out more
Cash Promissory Note
A legally binding promise to pay a specified sum of money, governed by South African law and the Bills of Exchange Act.
find out more
Corporate Promissory Note
A South African law-governed financial instrument containing a corporate entity's written promise to pay a specified sum to another party at a future date or on demand.
find out more
Bill Of Sale With Promissory Note For Automobile
A South African legal document combining vehicle sale agreement and promissory note, facilitating automobile ownership transfer with structured payment terms under SA law.
find out more
Installment Promissory Note
A South African law-governed financial instrument documenting a promise to repay a debt through structured installments, including payment terms and enforcement provisions.
find out more
International Promissory Note
A South African law-governed promissory note for international transactions, containing an unconditional promise to pay a specified sum across borders.
find out more
Loan Note
A South African law-governed debt instrument documenting loan terms between issuer and noteholder, including principal, interest, and repayment conditions.
find out more
Unsecured Promissory Note
A South African law-governed unsecured written promise to pay a specified sum of money, including terms of repayment and interest calculations.
find out more
Standard Promissory Note
A South African legal document containing an unconditional promise to pay a specified sum of money, governed by the Bills of Exchange Act and serving as a negotiable financial instrument.
find out more
Secured Promissory Note
A South African law-governed financial instrument documenting a secured promise to pay a specific sum, backed by collateral or security interest in assets.
find out more
Promissory Note Seller Financing
A South African legal document where a buyer promises to pay the seller a specified sum over time, typically used in seller-financed asset purchases.
find out more
Promissory Note For Delayed Payment
A South African legal document containing an unconditional promise to pay a specified sum of money at a future date, governed by the Bills of Exchange Act.
find out more
Promissory Note For Car
A South African law-governed promissory note that combines a debt payment promise with vehicle security, establishing repayment terms and security interest in the specified vehicle.
find out more
Promise Promissory Note For Hospital Bill
A South African legal document establishing a patient's formal promise to pay outstanding hospital bills, governed by South African financial and healthcare legislation.
find out more
Note Trust Deed
A South African law-governed trust deed establishing and regulating a trust arrangement for noteholders in a debt securities issuance, setting out the rights and obligations of all parties involved.
find out more
Government Promissory Note
A South African government-issued financial instrument containing a written promise to pay a specified sum under defined terms, governed by South African law.
find out more
Financial Promissory Note
A South African law-governed financial instrument containing an unconditional promise to pay a specified sum of money to a designated party.
find out more
Convertible Promissory Note
A South African law-governed debt instrument that converts to equity shares under specified conditions, commonly used for early-stage company funding.
find out more
Bank Promissory Note
A South African law-governed financial instrument representing a bank's unconditional promise to pay a specified sum to a designated payee.
find out more
Balloon Promissory Note
A South African law-governed financial instrument documenting a loan with regular payments and a large final balloon payment, compliant with local banking and consumer protection regulations.
find out more
Promissory Note With Personal Guarantee
A South African law-governed document combining a promise to pay a specified sum with a personal guarantee, establishing primary and secondary payment obligations.
find out more
Promissory Note Mortgage
A South African legal instrument combining a promissory note with a mortgage security, creating both a payment obligation and property security interest.
find out more
Promise To Pay Letter For Rent
A South African legal document where a tenant formally acknowledges rental debt and commits to a specific payment plan to settle arrears.
find out more
Promise To Pay Agreement For Vehicle
A South African legal agreement establishing a structured payment plan for a vehicle purchase, compliant with the National Credit Act.
find out more
Payable On Demand Promissory Note
A South African law-governed financial instrument containing an unconditional promise to pay a specified sum on demand, serving as both proof of debt and a negotiable instrument.
find out more
Note Agreement
A South African law-governed agreement establishing terms for issuing and managing debt instruments, including principal, interest, and payment provisions.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)