Terms & Conditions of application

  • By using our website or submitting an application form you agree to the following, Terms and Conditions and Privacy Policy
  • You the applicant agree that the information that you enter is true and correct.
  • You need to be 18 years of age or over.
  • Be legally capable of entering into a binding contract
  • Provide full details of an address in South Africa for the performance or delivery of the Services.
  • You the applicant agree that a credit check and all necessary checks may be conducted by ourselves or our business partners and financial houses for full application review purposes.
  • You the applicant understand that all loan applications are subject to income & expense and employment confirmation.
  • Loans-inc is not the credit provider and does not make the credit decisions.
  • By submitting the Application form, you hereby state that you understand these terms and conditions.
  • If your loan is prequalified you will be notified within 24hours and we will request that you submit relevant documentation.
  • By Completing our online application form, Mr Cash Loans does not guarantee a successful loan application.
  • You should also also read the loan agreement terms and conditions (sent via email during the application) before accepting your loan.

Privacy Policy - Personal detail protection

This page describes our privacy policy and forms part of our terms and conditions. This policy explains how we collect personal data and the security measures we have in place to protect your personal data, and tell you of the thing we do and don’t do.

Who we are and what do we do

Loans-inc is a loan finding/matching service. Through our brand we assist clients in obtaining financial assistance and loans from selected Loan Service Providers and other Financial Companies. By using our website or submitting your application to Loans-inc, you are accepting and agreeing to the practices described in this Privacy Policy.

Collecting Information

We know that you care about your information and trust us to use it carefully and in a responsible manner. We will only retain your personal information as long as necessary for the fulfilment of those purposes as have been identified by us. We understand that you would like to make use of our online services at this point because you need financial relief and we will do our best to provide that to you.

We believe it is important to protect personal data as defined in the Data Protection act and our commitment is to give you personalized service in a way that also protects your personal privacy. We work to protect the security of your information during transmission by using Secure Sockets Layer (SSL) software, which encrypts information you input.

You provide us with your Personal Information for the specific purpose of undertaking our matching process and identifying potential lenders based on such information. By submitting such Personal Information, you consent to our processing of such information, disclosing such information to our panel of selected lenders and Financial Companies and for these entities to further process your Personal Information.

We collect and may hold personal data from you via this Website and from third party sources to:

  • assist you in obtaining a loan from our financial service providers
  • use it for making decisions,
  • to identify you
  • to provide our services and servicing our relationship with you,
  • to understand your financial needs,
  • to assess your application for credit
  • to assess your ability to repay (affordability)
  • to confirm employment
  • Compliance with legislation
  • to conduct our business, to provide you with better customer services and products from selected third parties,
  • to evaluate the effectiveness of our marketing of the Website and for statistical analysis.
  • We only collect information which is necessary for the operation of the provision of our service to you. We will not keep your personal data for longer than necessary to provide the service, or as required by law.
  • From you when you contact us with an enquiry or in response to a communication from us, in which case, this may tell us something about how you use our services.
  • From documents that are available from third parties such as fraud prevention and credit reference agencies
  • Debt collection, including tracing in the event of default on payment

Collecting the data that we process:

  • Some personal data that we hold may be ‘sensitive personal data’ within the meaning of the data protection act.
  • What loan you are looking for,
  • ID number, Title, Full Names and Surname
  • Gender
  • Contact details, including email addresses, telephone numbers, address
  • Employer and employment details
  • Your banking details (bank, account type, account number)
  • And financial detail like salary detail, your gross salary and net salary, and expenses detail
  • Credit Reports
  • Payslips
  • Bank statements

All this information gets collected from your application on Loans-inc, from your communications with us, from documents that you send to us and from third parties. When you consent by applying online the following communication types may be send:

Unsecured loan providers, secured loan providers, short term lenders and other Financial Companies that can assist.

By applying through this site, you agree that we can contact you by post, telephone, sms and/or email (or such other channel we may adopt from time to time) to tell you about other products and services, offered by ourselves or other carefully selected companies and credit providers, that we believe would be of interest to you. We may also pass your information to third party financial services companies for the purpose of them telling you about their services or products. If you do not complete the application in full, we may not be able to fulfil our role in assisting you find finance.

If at any time you wish to stop receiving such contact from a third party, you will need to follow the instructions about unsubscribing provided at that time by the third party. Please note that we only partner with trusted companies who will respect your right to unsubscribe from any such marketing communications, but we will not be responsible for managing that process or any disputes.

Our partners may check your details with Credit Reference Agencies, fraud prevention agencies. If you provide false or inaccurate information and we suspect fraud, we will record this.

Using your Personal Information

We may pass this information to other members, lenders, banks, as permitted by law so that they may do the same and they may pass information held by them, about you, to us so that we may do the same.

In the provision of our Service to you, we may disclose your information to the third parties who may provide us with further information about you, such third parties may also be required to disclose your information to selected third parties in relation to this application, and as required by law, such as: Credit Reference Agencies, corporate groups and/or affiliate companies, any other credit provider in the context of your current application form to assist you in your application, any collector or tracing agent, to any company, business and/or any prospective purchaser of our company.

The reason we collect your information is to perform a credit risk assessment and prequalify you for the best possible loan or financial product, that suits your credit ability. We only ask for the information we need in order to do this. Your information will be used to send to our service partners, our partners will then perform a full risk assessment and decide if they are able to deliver on your loan requirements.

We reserve the right to access and disclose to third parties any information to comply with applicable laws, including but not limited to, disclosure in accordance with the Act, the Regulation of Investigatory Powers Act and lawful authority requests, to safeguard the proper operation of our systems and to protect ourselves and our customers/prospective customers.

By Submitting your details

By submitting your details and/or using our service you accept this Privacy Policy and expressly provide voluntary, specific and informed consent to the use and disclosure of your personal information in the manner described. All information submitted via your application is held safely and securely by us in accordance with the Data Protection Act. We require all parties to whom we may pass your information to treat it with the same degree of confidentiality.

We aim to keep the Personal Data we hold about you accurate and up to date. If you tell us that we are holding any inaccurate Personal Data about you, we will delete it and correct it promptly.

We may amend this Privacy Policy from time to time without notice to you, in which case, we will publish the amended version on the Website. You confirm that we shall not be liable to you or any third party for any change to this Privacy Policy from time to time, it is your responsibility to check regularly to determine whether this Privacy Policy has changed.

If you would like to object to the processing of your personal information, or if you have any queries about how we use your information, please let us know by contacting us. Depending on the information you object to, we may not be able to proceed with your application/s as certain information is required for the conclusion of our services.

Cookies

When we provide services, we want to make them easy, useful and reliable. This sometimes involves placing small amounts of information on your computer. These are called 'cookies'. These cookies cannot be used to identify you personally and are used to improve services for you. A cookie is a small file of letters and numbers that is downloaded on to your computer when you visit a website. Cookies are used by many websites and can do a number of things, for example remembering your preferences, recording what you have put in your shopping basket, and counting the number of people looking at a website. We use cookies that are essential in order to enable you to move around our website and use its features when applying for your loan. Without these cookies, we would be unable to provide services you have asked for. We use Google Analytics cookies to collect information about how visitors use our website and to help us ensure it is tailored to our customers' needs and interests. These cookies only collect information in an anonymous form, including the number of website visitors and the pages visited.

To opt out of being tracked by Google Analytics across all websites visit: Google

A number of websites provide detailed information on cookies, including AboutCookies.org and AllAboutCookies.org.