The Facility Letter is a crucial document in South African banking and finance transactions, used when a financial institution extends credit facilities to borrowers. It serves as both an offer letter and, upon acceptance, a binding agreement. The document needs to comply with various South African regulations, including the National Credit Act, Banks Act, and Financial Sector Regulation Act. A Facility Letter typically includes essential terms such as facility amount, purpose, interest rates, fees, repayment terms, conditions precedent, covenants, and security requirements. It's commonly used for various credit facilities including term loans, overdrafts, and revolving credit facilities, and can be issued to both corporate and individual borrowers. The document's format is generally more concise than a full facility agreement while still maintaining all legally required elements and protections.
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.
1. Bank Details: Full legal name and registration details of the lending institution
2. Borrower Details: Full legal name, registration number or ID, and address of the borrower
3. Facility Type and Amount: Clear specification of the type of facility being offered and the amount
4. Purpose: Stated purpose for which the facility may be used
5. Interest Rate: Applicable interest rate, whether fixed or floating, and basis of calculation
6. Fees and Charges: All applicable fees, charges, and commissions
7. Term and Repayment: Duration of the facility and repayment terms
8. Conditions Precedent: Conditions that must be satisfied before the facility becomes available
9. Key Covenants: Essential undertakings required from the borrower
10. Events of Default: Circumstances that would trigger default and bank's remedies
11. Acceptance: Section for borrower's signature indicating acceptance of terms
1. Security Requirements: Include when the facility is secured, detailing the required security and its terms
2. Insurance Requirements: Include when specific insurance coverage is required as part of the facility
3. Guarantee Requirements: Include when personal or corporate guarantees are required
4. Drawdown Mechanics: Include for facilities with multiple drawdown options or specific drawdown conditions
5. Financial Covenants: Include for corporate borrowers where financial ratios must be maintained
6. Regulatory Disclosures: Include additional disclosures required under National Credit Act for consumer credit agreements
7. Currency Provisions: Include for facilities involving foreign currency or multiple currencies
1. Pricing Schedule: Detailed breakdown of interest rates, fees, and charges
2. Drawdown Notice: Standard form for requesting drawdowns under the facility
3. Security Details: List and description of security items and their values
4. Conditions Precedent Checklist: Detailed list of required documents and conditions
5. Required Insurance Schedule: Details of required insurance coverage and minimum terms
Relevant legal definitions
Clauses
Relevant Industries
Banking
Financial Services
Real Estate
Manufacturing
Retail
Mining
Agriculture
Technology
Healthcare
Construction
Transportation
Energy
Telecommunications
Professional Services
Relevant Teams
Legal
Finance
Treasury
Credit
Risk Management
Compliance
Corporate Banking
Commercial Banking
Operations
Documentation
Relevant Roles
Chief Financial Officer
Finance Director
Treasury Manager
Financial Manager
Corporate Banker
Relationship Manager
Credit Manager
Risk Officer
Legal Counsel
Compliance Officer
Company Secretary
Finance Controller
Account Manager
Credit Analyst
Banking Executive
Lending Officer
Find the exact document you need
Client Agreement Form
A South African law-governed agreement establishing terms and conditions between service providers and their clients.
find out more
Apartment Rental Lease
South African residential apartment lease agreement template, compliant with local housing laws and regulations.
find out more
Facility Letter
A South African law-governed document issued by financial institutions outlining terms and conditions of a credit facility offer to borrowers.
find out more
Lease Transfer Form
A South African legal document facilitating the transfer of lease rights and obligations from an existing tenant to a new tenant, with landlord approval.
find out more
House Rental Lease
South African residential lease agreement establishing terms and conditions for property rental, compliant with local housing and consumer protection laws.
find out more
Equipment Rental Form
A South African law-compliant agreement establishing terms and conditions for equipment rental between lessor and lessee.
find out more
Simple Accounting Services Agreement
A South African law-governed agreement establishing terms for professional accounting services provision, including scope, fees, and regulatory compliance.
find out more
Mechanic Service Agreement
A South African law-governed agreement establishing terms and conditions for mechanical service provision, including service scope, pricing, warranties, and liability provisions.
find out more
Commercial Lease Extension Letter
A formal document under South African law used to extend an existing commercial lease agreement, specifying new duration and any modified terms.
find out more
Childcare Agreement
A South African law-compliant agreement establishing terms and conditions between childcare providers and parents/guardians for childcare services.
find out more
Limited Service Agreement
A South African law-governed agreement defining specific services to be provided over a limited period, with clearly defined scope and obligations.
find out more
Facility Management Agreement
A South African law-governed agreement establishing terms for facility management services, including maintenance, operations, and service provider responsibilities.
find out more
Simple Security Guard Contract
A South African law-compliant employment contract for security guards, establishing key terms of service and regulatory compliance requirements.
find out more
Customer Contract Agreement
A South African law-governed agreement establishing terms and conditions between a business and its customers for goods or services provision.
find out more
Residential Snow Removal Contract
South African law-governed contract template for residential snow removal services, particularly relevant for high-altitude areas and exceptional weather events.
find out more
Website Hosting Agreement
A South African law-governed agreement establishing terms and conditions for website hosting services, including technical specifications, service levels, and POPIA compliance requirements.
find out more
Service Order Agreement
A South African law-governed agreement defining terms and conditions for service delivery between a service provider and client.
find out more
Lease Extension Letter
A formal document used in South Africa to extend an existing lease agreement, specifying new duration and terms while complying with South African property law.
find out more
Employee Service Agreement
A South African law-compliant employment contract establishing terms and conditions between employer and employee.
find out more
Virtual Office Lease Agreement
A South African law-governed agreement for virtual office services, including business address usage, mail handling, and related services.
find out more
Tutoring Contract
A South African law-governed agreement establishing terms and conditions for tutoring services between education service providers and recipients.
find out more
Translation Agreement
A South African law-governed agreement establishing terms and conditions for professional translation services, including quality standards, deliverables, and legal compliance.
find out more
Rental Waiver Form
A South African legal document that enables landlords and tenants to formally waive or modify specific rights or obligations within their existing lease agreement.
find out more
Marketing Services Contract
A South African law-governed agreement establishing terms for marketing services provision, including scope, deliverables, and compliance requirements.
find out more
Lease Extension Form
A South African legal document that extends an existing lease agreement between landlord and tenant, maintaining original terms while updating necessary conditions under local property law.
find out more
Early Works Agreement
A South African law-governed agreement enabling preliminary construction works to commence before finalizing the main contract, establishing key terms and conditions while ensuring regulatory compliance.
find out more
Dispatch Agreement
A South African law-governed agreement establishing terms and conditions for dispatch services, including transportation responsibilities, service levels, and operational requirements.
find out more
Commercial Service Agreement
A South African law-governed agreement establishing terms for commercial service provision between parties, incorporating local regulatory requirements and business practices.
find out more
Bookkeeping Service Agreement
A South African law-governed agreement establishing terms and conditions for professional bookkeeping services, including scope, responsibilities, and compliance requirements.
find out more
Auto Repair Contract
South African-compliant contract template for automotive repair services, outlining terms between repair providers and customers under local consumer protection laws.
find out more
Freelance Service Agreement
A South African law-governed agreement establishing terms and conditions between a client and freelance service provider as an independent contractor relationship.
find out more
Enterprise Service Agreement
South African law-governed agreement for enterprise-level service provision, establishing service delivery framework and compliance requirements.
find out more
Service Provision Agreement
A South African law-governed agreement establishing terms for service provision between a Service Provider and Client, incorporating local regulatory requirements.
find out more
Rental Guarantor Form
A South African legal document where a guarantor assumes responsibility for a tenant's rental obligations, governed by local property and consumer protection laws.
find out more
Subscription Agreement LLC
South African law-governed agreement establishing terms for subscription-based services provided by an LLC, including service delivery, payment terms, and compliance requirements.
find out more
Public Service Contract
A South African public service employment contract that establishes terms and conditions for government employment in compliance with local public service legislation.
find out more
Residential Service Agreement
South African residential service agreement template establishing terms for property-related service provision under SA law.
find out more
Repair Agreement
A South African law-governed agreement establishing terms and conditions for repair services, including scope, warranties, and liabilities.
find out more
Service Level Agreement Contract
A South African-law governed agreement defining service delivery standards, performance metrics, and mutual obligations between service provider and client.
find out more
HVAC Service Contract
A South African law-governed contract for HVAC system maintenance and servicing, detailing service provider and client obligations, maintenance schedules, and compliance requirements.
find out more
ұԾ’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; ұԾ’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)