The use of the LoanFinder application form is subject to the Terms and Conditions set out below.
Please take a moment to read this.
You hereby declare that the information provided to LoanFinder is true and correct and that you are
not currently insolvent, under administration, debt review or any debt restructuring programme. You
declare that you are a South African citizen between 18 and 65 years of age.
Please note that LoanFinder is not an agent nor a representative of any service provider, and does not
endorse any service or product.
Based on the details that you have provided during your application, LoanFinder will aim to find the
best loan available to you by searching the entire South African market for a moneylender/broker that will
assist you. We strive to find you a lender that will give you the amount that you’ve requested, otherwise
we will prefer you a lender that best matches your specified requirements. Furthermore, you give us
permission to pass your details on to these lenders should we feel it necessary to do so.
The loan-finding service we provide is free of charge. And you will be covered for any legal and ID theft
matters upon completion of your loan application. You will also have access to a quarterly comprehensive
credit report as well as telephonic financial advice and debt management which will be activated upon
the successful payment of your plan. The credit report, which is underwritten by Compuscan, will provide
you with an overview of your credit status, and the telephonic financial advice and debt management will
give you further financial freedom for peace of mind.
For all of these services, a once-off initiation fee of R395 with a monthly perpetual agreement fee of R78 will
be payable. We will deduct these fees directly from your bank account with the account details you have
provided, using the NAEDO direct debit system, on or around your salary date. If there are insufficient funds
in your bank account on your salary date, a 12-month agreement will then come into force where we’ll debit
your account with a monthly fee of R109 to cover the once-off initiation fee. Thereafter, a monthly perpetual
agreement will take effect, with a monthly fee of R78. Your 4-in-1 Plan will automatically be renewed on
your anniversary date. The reference on your bank statement will reflect as Credit Gain.
Upon completion of your application for our services, you’ll receive immediate access to the free
loan-finding service and Legal and ID Assist Plan.
Please note that this agreement is not binding and that you’re entitled to cancel at any given time. However,
you do have a five-day cooling-off period which will commence upon the completion of this application.
Should you cancel after the cooling-off period, we’ll charge you a reasonable cancellation fee (as prescribed by the Consumer protection Act) of only R250, as the services would already have commenced.
You hereby state that you understand these Terms and Conditions and give LoanFinder permission to
debit your account for the 4-in-1 Plan.
We use a third party collections agent. Therefore, their name, along with your unique LoanFinder
reference number, will be referenced on your bank statement. We will only deduct the funds from your
account if your application for our services has been received, accepted and processed. You consent
that we may request your credit information from a credit bureau in raw format (xml string or otherwise),
which will be presented to you in pdf format.
You understand that the withdrawal hereby authorised will be processed through a computerised
system provided by the South African Banks. You also understand that details of this withdrawal will
be printed on your bank statement. Such reference will enable you to identify the Agreement.
You acknowledge that the payment instruction issued by you shall be treated by your abovementioned
Bank as if the instruction have been issued by you personally.
You agree that although this Authority and Mandate may be cancelled by you, such cancellation
will not cancel the Agreement. You will not be entitled to any refund of any amount which we have
withdrawn while this Authority was in force, if such amount was legally owing by you.
You acknowledge that this Authority may be ceded or assigned to a third party if the Agreement is
also ceded or assigned to that third party, but in the absence of such assignment of the Agreement,
this Authority and Mandate cannot be assigned to any third part y.
We strongly recommend that you only borrow what you can afford to repay within the loan terms. Our
short-term solutions are not intended to meet your long-term, financial needs.
LoanFinder is not a lender and do not make cash advances nor credit decisions.
This website will match you with a lender based on the information that you have provided in your
application. Cash transfers may vary between lenders, and in some instances faxing may be required.
Credit checks may be conducted by certain lenders in order to determine your affordability. Completion
of the application in no way guarantees that you will be approved for the loan requested.
As per the requirements of the Consumer Protection Act No. 68 of 2008, should you feel the need
to lodge a complaint about the services we provide, kindly forward your complaint to firstname.lastname@example.org. We strive to resolve all complaints within 72 hours from date of receipt.
Terms and Conditions,