IRREVOCABLE AUTHORITY

Greenlight Planet Kenya Limited

Priory, 2nd floor – Argwings Kodheck
NAIROBI - KENYA.

Manager, Workplace Banking,

Stanbic Bank Kenya Limited,
P.O Box 72833 - 00200,
NAIROBI

APPLICANTS IRREVOCABLE AUTHORITY

I …..………………………………………………….. , hereby give my employer, Greenlight Planet Kenya

LIMITED irrevocable authority to remit my monthly salary to my current account in STANBIC BANK
KENYA (“the Bank”), account number ………………………………….. until the loan is fully repaid and
confirmed in writing by the Bank.

Loan amount applied ………………………………………………………………

In the event of termination from employment for any reason whatsoever, I authorize my employer to
remit my terminal benefits, excluding pension, to the Bank for the purpose of offsetting any outstanding
balance and the facility shall be reprised to the market rate.

I will make arrangements to clear any outstanding loan balance thereafter.

PRODUCT PRICE -Variable rate of Stanbic Facility fees Duration Tick

Prime rate (SPR) currently at 8.8

Personal Loan SPR + 5.2 2.5%

VAF SPR + 4.532 2.5%

HL SPR + 3.982 1.5%

Signature …………………………………………………………………

Name……………………………………………………………………….

ID Number……………………………………………………………….

Staff Number…………………………………………………………….

Date……………………………
EMPLOYER CONFIRMATION

We hereby confirm that _______________________________employee number_______________

ID/Passport Number _________________________________ has been employed as a

_________________________________________by this Company since _____________________

and is employed on a ________________________ basis (permanent or contract basis).

The employee resides at ______________________________________________________________

Loan Amount - __________________________________________

(Amount in Words): _________________________________________________________________

__________________________________________________________________________________

We also confirm we have received the irrevocable authority and will effect the salary remittance until
further advised by the bank.
It is fully understood that the above instruction will remain in force until the above loan is repaid in full
and changes pertaining to this instruction will not be effected without the consent of Stanbic Bank
Kenya Ltd.

Kindly disburse the above loan amount under the Staff Loan scheme agreement.

Authorized Signatories, (Human Resource Manager) Authorized Signatories, (Finance Manager/Accountant)

Name(s): _________________________________ Name(s): ___________________________________

Designation: ______________________________ Designation: _________________________________

Signatures: _______________________________ Signatures: __________________________________