Terms and Conditions of Service
Sapayday.co.za is not lender and should therefore not be treated as such. Rather through our online platform the user is able to access several lenders and other financial service providers.
Terms and Conditions of Services
BEFORE YOU MAKE ANY APPLICATION ON THIS WEBSITE (the Website) YOU SHOULD READ THESE TERMS AND CONDITIONS CAREFULLY AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE TIMING AND NATURE OF THE SERVICE WE PROVIDE.
If you have any questions or would like more information after reading these Terms and Conditions about the service we provide, please email us on email@example.com
You will be asked to read and agree to these Terms and Conditions before you submit any application for credit through the Website. By checking the tick box at the end of the application process you confirm that you accept these Terms and Conditions and agree to be bound by it. If you do not agree to these Terms and Conditions, you will not be able to make an application for credit through the Website.
We strongly recommend that you print a copy of these Terms and Conditions or save them to your computer for future reference.
Loan Matching Service
Our loan matching service (our Service) matches consumers with prospective lenders participating in our network of lenders (Participating Lenders). We will provide our Service immediately upon you confirming your application by clicking the “Apply” button on the application pages or the Website.
Once you submit the application form(s) to us and we share your information with one or more Participating Lenders, you understand and agree that you are submitting an inquiry about a loan product to us and each of the Participating Lenders to whom we transmit your application information. Some Lenders on our panel may charge you a Loan arrangement fee when processing your application, or they may charge you a fee/s for other related services they may provide you with. These fees are not related to us and our services in any way. By submitting the application form(s), you are extending an express invitation to us and each of the Participating Lenders with whom your information is shared to contact you by any means (including, without limitation, email, telephone, SMS/text message and direct mail) so that they may assist you with your transaction or provide information to you about additional offers in which you may be interested. If you do not wish to receive email messages you may request to be removed from the mailing list by using the opt-out mechanism listed in the email message you receive.
If you wish to opt-out of email promotions and newsletters from us alone then you are able to use the “unsubscribe” mechanism on our email communications.
Participating Lenders who receive your application information from us review your information in real-time to determine whether your information meets their individual loan qualification criteria. Participating Lenders may, among other things, verify your identity, perform a credit check, and review your information against national databases (such as Experian, TransUnion, and others) which track consumer transactions with lending institutions. By submitting the application form(s), you agree to allow Participating Lenders to review, verify, and research your information in such manner.
We are not a lender and do not make loans or credit decisions in connection with the products offered by any Participating Lender. We do not guarantee that your application will be accepted by any or all of the Participating Lenders. We do not guarantee that the price, product, availability, rates, fees, or any other loan terms offered and made available by any Participating Lender(s) are the best terms available in the market.
We do not endorse or recommend the products of any Participating Lender. We are not an agent of you or any Participating Lender. We are not involved with any Participating Lender’s use and/or review of your application information or in making a determination about whether you meet their individual loan qualification criteria. Each Participating Lender is solely responsible for the provision of its services to you, and we shall not be liable for any expense which you incur as a result of your breach of your obligations under the Terms and Conditions and / or unforeseeable losses or expenses which result from the introduction of you or the conduct of any Participating Lender.
You understand that each Participating Lender may keep your application information, whether or not you are accepted for a loan by them. We cannot guarantee we will find you a loan although we will endeavour to do so. If you apply for a particular product type and are unsuccessful, we will seek to identify a product type for which a Participating Lender indicates you may be accepted and which is appropriate based on the information you provide during your application.
The Extent of the Service We Provide
We do not act as your agent and do not claim to find you the best loan available or a loan on the best terms available. What will be best for you will be dependent on a number of factors including your circumstances and we do not provide advice to you. You should consider all loan options available to you and decide, taking into account your current and foreseeable personal circumstances and the terms of the products offered, which would be best suited to your needs. If you need help with your financial circumstances, there are free sources of help which include TransUnion (Tel: 0861-482482)
We Do Not Offer Loans
The interest rate(s) offered to you will depend on the Participating Lenders assessment of your application and the products they offer. Each Participating Lender decides whether to approve any loan applications, how much to lend, at what rate, on which terms and subject to the provision of what evidence.
Where we give examples they are only illustrations. We do not guarantee that loan examples shown on our website are applicable to or appropriate for your situation as each Participating Lender operates differently depending on its assessment of each individual customer’s circumstances.
By using our Service, you agree for us, Participating Lenders and our other partners to communicate with you using telephone, email, SMS, fax and/or post to contact you in order to present various products and services we think would be of interest to you. When we communicate in writing, we may use the last postal address you gave us.
Email communications from us and or partners can be opted-out from through the use of “unsubscribe” mechanism on such said emails.
At times our Website may run advertisements. Please note that you should assume that any and all links and advertisements on the Website are affiliate links and work in conjunction with these Terms and Conditions as well as our Affiliate Disclosure. Clicking on these advertisements or links and go visit the resulting site, a cookie will be set in your web browser that will cause us to receive a commission “IF” you apply/purchase a product on the other end. This is a legitimate way to monetize and pay for the operation of web sites and we gladly reveal our affiliate relationships to you. Please read the Affiliate Disclosure for further information.
We do not use credit scoring such as searching your records with credit reference agencies, however you should be aware that most lenders including the Participating Lenders will carry out credit scoring with and access your credit file held by credit reference agencies. Where there are joint clients, it is usual for the credit file and credit score of both customers to be checked.
To help our fraud prevention and data protection strategy, you agree to us and our associate companies, credit reference agencies and selected third parties processing and using any personal data (whether provided electronically, in writing or orally) you give to us. You agree to us using the data to advise you of other products and services unless you notify us you do not wish to be informed of such products and services. The information that you give to us must be true and accurate. You undertake to comply with any legal requirements applicable to you and to provide true and accurate information in order that we can comply with our legal and regulatory obligations. If you provide us with false, inaccurate or misleading information, and/or we suspect fraud may be committed in relation to your application through our Service, we may notify the appropriate agencies. This is likely to have a detrimental impact on your credit records. In the event that you provide us with false, inaccurate or misleading information we reserve the right to reclaim any losses incurred by us in performing the service to you.
We shall not be liable for any breach of obligation to you by any bank, counter party, intermediary or other third party with whom you do business. You will be liable for any loss you suffer as a consequence of you providing inaccurate information to us or any other person including any Participating Lender(s).
We will incur no liability for any loss (except in relation to death and / or personal injury) arising from non-performance by us which is caused by something beyond our reasonable control.
In the event that any of these terms (each of which is severable) is for any reason illegal, invalid or unenforceable, such provision as deemed modified sufficiently to render it enforceable, legal and valid and of similar effect as We intended.
Apart from provisions expressly covering associate companies, nothing in these terms is enforceable by anyone who is not a party to them.