Terms And Conditions
Online Application Form
The use of CashSA is subject to the terms and conditions set out below. Please take a moment to read these terms and conditions carefully. By using or accessing any information of CashSA, you agree to be bound by the following terms and conditions.
You agree that the information you have submitted on this application is true and correct.
CashSA and its employees act only on instructions given by the client to submit a personal loan application on their behalf to various financial institutions. CashSA and its employees will send the personal loan application form to any of the registered financial institutions that they may see fit. Here at CashSA we do not conduct any credit checks therefore have no influence over declined applications.
CashSA does not charge a service fee; our services are 100% Free.
- By completing a CashSA application does not guarantee that you will be approved for a loan.
- CashSA will submit the information you provide to various brokers and/or financial institutions as instructed on your behalf.
- In some circumstances faxing and emailing of additional documents may be required.
- For details, questions and pay outs, please contact your lender directly.
How we use the Information we Collect
To process your financial services referral request, we require you completed application form. This information is used by the third party product and service providers in our network to provide accurate responses to your enquiries. We provide this information to them on your behalf in order for them to provide a product or service to you. (Unless otherwise notified by us, these companies do not have any right to use the personally identifiable information we provide to them beyond what is necessary to assist us.)
If you do not want to receive promotional information from us, you can contact us at any time to opt out by sending an email to firstname.lastname@example.org. Please note that if you opt out of receiving promotional material from us, you still may receive such material from our third party content providers, affiliates and other parties to whom we provide your information in the course of doing business.
We do not give out financial advice. We operate an online referral service and we forward on all your requests and applications to qualified third parties with who we have pre-arranged agreements. You will deal directly with these advisors. CashSA does not charge a service fee; our services are 100% Free.
What are the Costs Involved with Regards to Short Term Loans?
Our service providers always tell you upfront what the cost of your loan will be. There are no catches or extra costs to worry about, providing you stick to your side of the deal. Our short term service providers have an annual interest rate of 60%. They also show you an example of the cost of an average loan to show you a clear breakdown of interest and fees. Included in this is their R57 per month service fee that helps cover the cost of the administration of your account and an initiation fee which all fall in line with the NCA. All of this is shown upfront so you can judge the cost of a loan before you accept your quotation. Fees include 14% VAT.
What will Happen if you can’t keep up with your Loan Repayments?
The only way costs will mount beyond our initial calculation is if you don’t keep your promise. In other words, if you ask our service providers to change your repayment date, or don’t ensure sufficient funds are available for automatic collection. If their early morning collection attempt is declined by your bank – because you haven’t made sure there are enough funds available – they will do their best to contact you throughout the day. They always hope to resolve the situation that day but your bank may charge you for not having sufficient funds available in your account.
They will then make further attempts to collect the money from your account and their professional collections team will also keep trying to contact you to discuss the situation. If your circumstances have changed significantly, they will do their best to offer a solution and come to an arrangement that helps you get back on track.
They will try their utmost to keep penalty fees and charges to a minimum but interest and service fees will continue to mount on your balance for up to 90 days if they can’t reach a fair agreement in the meantime. If you don’t work with them and they can’t recover the money over a reasonable period, your account may be passed to an external collections partner.
Continued failure to repay a loan will also mean credit bureaus will record the outstanding debt. Records remain on file for a number of years after they are closed, whether settled by you or defaulted.