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FIRSTHAND BANK LIMITED
(Registration Number 1929/001225/06)
(incorporated with limited liability in South Africa)Issue of ZAR10,000,000 Senior Unsecured
Fixed Rate Notes due 15 November 2019
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How to fill out fixed rate notes due
How to fill out fixed rate notes due
01
To fill out fixed rate notes due, start by entering the current date at the top of the note.
02
Next, provide the name of the borrower and the lender in the designated fields.
03
Specify the principal amount, which is the initial loan amount, in the appropriate section.
04
Indicate the interest rate being charged for the loan and the agreed-upon term in years or months.
05
Include any additional terms or conditions, such as late payment penalties or prepayment options.
06
Ensure that both the borrower and lender sign and date the note to make it legally binding.
07
Keep a copy of the filled-out note for your records and provide a copy to the borrower as well.
Who needs fixed rate notes due?
01
Fixed rate notes due are beneficial for individuals or businesses that require a loan for a specific period of time.
02
Borrowers who prefer stable and predictable interest payments over the loan term often opt for fixed rate notes due.
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Financial institutions, banks, or credit unions frequently use fixed rate notes due as part of their lending practices.
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