Read the full judgment text of DCCJ 004599/2004 on BabelCite. This District Court judgment was delivered on 17 March 2006.
1. The plaintiff was a public officer being granted a housing loan. According to the loan agreement, the defendant could make monthly deductions for repayment of principal and interest from his salary. He would pay up the balance upon retirement from his commuted pension. According to the loan agreement, if he ceased to own the property, the defendant could demand immediate full repayment of the balance. If no repayment were made, interest at 5% over the basic rate would apply.
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