Terms and Conditions
Last updated: 2024
1. Introduction
Loans4All provides short-term credit in accordance with the National Credit Act (NCA) of South Africa. These Terms and Conditions govern your use of our services and your loan agreement.
2. Eligibility
Applicants must:
- Be 18 years or older
- Be a South African citizen or permanent resident
- Have a valid bank account
- Provide proof of income (payslip or pension advice)
- Not be under Debt Review
3. Loan Approval
All applications are subject to:
- Affordability assessment as per NCA regulations
- Credit and financial verification
- Document verification
4. Interest & Fees
Interest rates and fees are applied in line with the National Credit Act. Full repayment details, including interest rate, total amount due, and payment date, will be disclosed before you accept the loan agreement.
5. Repayment
Borrowers agree to repay the loan on the agreed date via debit order from your nominated bank account. Repayment terms are 30 days from disbursement.
6. Default
Failure to repay may result in:
- Additional fees as per the loan agreement
- Legal action to recover the debt
- Listing with credit bureaus (negative impact on credit score)
7. NCR Compliance
Loans4All is registered with the National Credit Regulator (NCR) and operates in full compliance with the National Credit Act and related regulations.
8. Data Protection (POPIA)
Your personal information is protected in accordance with the Protection of Personal Information Act (POPIA). We safeguard your data using industry-standard security measures.
9. Changes to Terms
We reserve the right to update these terms at any time. Continued use of our services constitutes acceptance of updated terms.
10. Contact
For questions about these terms, please contact us via WhatsApp or email.