• Loan application form is lodged to QMS Offices via Fax, email or hand delivery.
  (Benefit to the employer ~ takes away the personal involvement element and prevents any
  emotional decisions as the employer).

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• A consultant will do employment related validation. Many interfaces available and open to
  discussion. Various interfaces to explore and will discuss best solution for your business.

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• Client affordability assessment performed, as per credit granting criteria and within the ambit of the National Credit Act. National Loans Register ~ commitments with other institutions, taking “real” earnings into account. Not taking into account unreliable income, which could be unfavourable to the client’s financial health. Using the minimum norms standards.

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• Ensuring the client has a take home/nett pay that the employer is satisfied with. Ultimately
  this will result in a happy workforce as the main reason for offering the loan is to protect the
  client from being exposed to totally uncontained cost structures which are provided by
  underground and unregistered lenders.

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• Loan Quotation is presented to client and upon acceptance via a Recorded Telephone
  Quotation the Loan is generated.

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• Instalment deduction schedules are sent in accordance with payroll intervals and cut off
  dates. Formats of schedules as per employer preference.

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• The employer will provide at the end of month (on or before the pay date), a list of actual
  successful instalments/deductions made off the payroll. With non-payment reasons for
  unsuccessful instalments/deductions.

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• Terminations ~ all terminations communicated with QMS for recovery purposes. QMS will
  check on Loan System for outstanding amounts and work out if necessary settlement
  amounts to be deducted off any final pay due to the client.