Welcome to GetCashNow.co.za. By using our services and applying for a loan, you agree to the following Terms and Conditions. Please read them carefully before proceeding.
1. Eligibility
To apply for a loan, you must meet the following criteria:
- Be a South African citizen or permanent resident.
- Be at least 18 years old.
- Have a valid South African ID.
- Have a regular source of income (employed or self-employed).
- Have a valid South African bank account for loan disbursement.
2. Loan Application Process
When applying for a loan, you agree to provide accurate, current, and complete information. We reserve the right to verify the information provided, including performing credit checks and reviewing your financial history, in accordance with South African laws and regulations.
3. Loan Approval and Disbursement
Loan approval is subject to our review and approval process. We may request additional documentation to process your loan application. If your application is approved, the loan amount will be deposited into your nominated bank account, usually within hours, depending on the bank’s processing times.
4. Interest Rates and Fees
The interest rate and fees applicable to your loan will be clearly outlined in the loan agreement before you accept the loan. Rates are determined based on factors such as your creditworthiness, loan amount, and repayment period.
Interest rates are calculated as a percentage of the loan amount and may vary depending on your financial profile.
Late payment fees may apply if you fail to repay your loan by the due date. The fee structure will be specified in your loan agreement.
5. Repayment Terms
The loan repayment period will be specified in your loan agreement.
You are required to make monthly payments as outlined in your loan agreement. Payments must be made on or before the due date.
Early repayment is allowed without penalty, and doing so may reduce the total interest you pay over the term of the loan.
Failure to repay your loan on time may result in late fees, legal action, and/or a negative impact on your credit score.
6. Default and Non-Payment
If you fail to make payments as agreed, we may take steps to recover the outstanding balance. This may include:
- Charging additional fees for missed or late payments.
- Reporting non-payment to credit bureaus, which may affect your credit rating.
- Pursuing legal action to recover the debt.
We encourage you to contact us immediately if you are unable to meet your repayment obligations, so we can discuss alternative payment arrangements.
7. Privacy and Data Protection
We are committed to protecting your privacy and the confidentiality of your personal and financial information. Your data will be processed in accordance with the Protection of Personal Information Act (POPIA) of South Africa.
We will only use your information to process your loan application, provide customer service, and comply with legal and regulatory requirements.
Your information will not be shared with third parties unless required for loan processing, credit checks, or as required by law.
8. Loan Extension
Loan extensions or adjustments to your repayment schedule are not automatically granted. Any requests for changes to the loan terms must be submitted in writing, and we will review your request on a case-by-case basis.
9. Amendments to Terms & Conditions
We reserve the right to modify or update these Terms and Conditions at any time. All changes will be posted on this page, and it is your responsibility to review them periodically. By continuing to use our services after any changes, you accept and agree to the updated Terms and Conditions.
10. Governing Law
These Terms and Conditions are governed by the laws of South Africa. Any disputes arising from these Terms and Conditions will be resolved in the appropriate South African courts.
11. Contact Us
If you have any questions or concerns regarding our Terms and Conditions, please contact us at:
Disclaimer: All loans are subject to approval based on your financial profile. The terms, interest rates, and repayment schedules may vary based on your application details. Let me know if you need any revisions or additional sections for your Terms & Conditions!