The Simple Loan Application Form is a fundamental document used in South African lending practices, designed to initiate the formal lending process between financial institutions and potential borrowers. This document is essential for compliance with South African banking and consumer credit regulations, particularly the National Credit Act 34 of 2005, FICA, and POPIA. It serves as the primary tool for collecting applicant information, assessing creditworthiness, and obtaining necessary consents for credit checks and personal information processing. The form is typically used when individuals seek personal loans, vehicle finance, or other credit facilities from registered credit providers. It includes sections for personal information, financial details, employment status, and existing financial obligations, allowing lenders to make informed decisions while maintaining regulatory compliance.

1. Applicant Personal Information: Capture of basic personal details including full name, ID number, contact details, residential address, and employment status as required by NCA and FICA

2. Employment and Income Details: Information about current employment, income sources, and monthly earnings to assess affordability

3. Financial Obligations: Existing financial commitments, debts, and monthly expenses for debt-to-income ratio calculation

4. Loan Request Details: Specific information about the requested loan including amount, purpose, and preferred repayment term

5. Bank Account Details: Banking information for loan disbursement and repayment collection

6. Credit Check Authorization: Consent section for credit bureau checks as required by the National Credit Act

7. POPIA Consent: Consent for processing personal information as per Protection of Personal Information Act

8. Declaration and Confirmation: Applicant's declaration of information accuracy and understanding of terms