I fully understand that executing the Global Standing Instruction (GSI) mandate authorizes NELFUND to initiate recovery of the loan sum from any/all accounts I maintain across all financial institutions in the event of failure to repay the loan sum.

The Global Standing Instruction (GSI) creates a contractual mandate from a loan applicant, in favour of NELFUND to apply monies standing to the credit of the loan applicant in a third-party financial institution or wallet to offset the outstanding loan amount. The GSI applies only to the loan amount and accrued interest and is triggered as a last resort.