More than a house.A place to become.

I hereby authorize The Alternative Bank to debit my account number (AltBank Account) for all Pre Approval Expenses and obligations resulting from the ijarah home finance facility accordingly as and when due.

The property finance contract is governed by this application form and the terms and conditions attached hereto. The acceptance of your application for property finance shall be at the discretion of the Bank, and we shall not be obliged to furnish reasons should your application not be accepted. If we accept your application, we will notify you in writing.

1. I/we am/are at least 21 years of age.
2. I/we confirm that all the details given in this application are true and complete, and I/we understand that these will be used to form the basis of any financing offered.
3. I/we authorize you to conduct any enquiry you consider necessary and appropriate for the purpose of evaluating this application from my/our employer, if any, and from any other source, including a credit search with one or more credit reference agencies. I/we confirm that I/we am/are not currently under administration, sequestration, debt review, or a restructuring order.
4. I/we accept that any facility offered to me/us is conditional, and Sterling Bank may withdraw, revise, or cancel such offer at any time before, during, or after acceptance of the offer.
5. I/we undertake to notify the Bank immediately in writing of any situation that materially changes the representation of this application, and I/we understand that the Bank may amend or withdraw any offer previously made.
6. I/we understand that Sterling Bank will disclose my/our details to any of Sterling Bank’s insurers, auditors, professional advisers, or any persons providing services to Sterling Bank who have agreed to treat my/our personal details as confidential, or if required to do so by law or any relevant regulatory body as envisaged by this application form or with my/our written consent.
7. I/we acknowledge that Sterling Bank may at any time transfer its ownership in the property, together with any security I/we provide, to any other bank or institution without first seeking my/our permission, and I/we authorize Sterling Bank to disclose any information which Sterling Bank holds about me/us to such entity.
8. I/we hereby authorize the Bank to disclose any and all information in respect of my/our account to the guarantors for as long as the guarantor’s liability of the debt remains outstanding.
9. I/we agree that by taking up all or part of any facility offered by Sterling Bank based on the information provided on this application form and by signing this form, I/we accept all the conditions set out in Sterling Bank’s facility offer letter. I/we agree that if I/we receive more than one letter, the letter showing the latest date will be the one that applies.
10. I/we understand that the Bank may set off any amounts due under the agreement against any sums owing by me/us to Sterling Bank (whether jointly or severally) and may otherwise combine and consolidate all or any of my/our accounts with Sterling Bank.