LoanTycoonSA - Terms & Conditions

The use of LoanTycoonSA is subject to the terms and conditions set out below.

  1. LoanTycoonSA is not a Credit Provider, an agent of a Credit Provider or a representative of a Credit Provider.
  2. You give us permission to submit your details as per the online application form to various Credit Providers in order to find you a loan.
  3. In the event of cancellation before contacting a financial institution to apply for the requested finance, we may impose a cancellation fee for the cancellation.
  4. The fee will depend on the nature of the reservation, the length of notice of cancellation before the financial institution is contacted, the reasonable potential to find alternative clients for the reservation and the reason for cancellation. No cancellation will be accepted if the appropriate financial institutions were already contacted by our offices with regard to your credit application.
  5. The fee is only refundable if the loan is not granted due to any circumstances within LoanTycoonSA's reasonable control.
  6. Regarding late payments of loan repayment:

    What if I am late with a payment?
    A: Because we do not provide the loans directly, please review the information with your lender before signing.

    What happens if I can't pay?
    A: Because we do not provide the loans directly, please review the information with your lender before signing.

    In most cases this may end up in you the client being liable for a fee, this fee is decided by the lender, you will need to discuss this with your lender.
  7. In the event a loan is offered to you by a credit provider, you are under no obligation to accept same.
  8. You understand that paying the fee will ensure that we will do everything reasonable within our power to secure a loan for yourself, but doesn't provide a guarantee that a loan will be granted in your favour.
  9. Please be aware that all lenders may conduct a credit check.
  10. You,acknowledge the risk involved in borrowing money from the chosen credit provider and hereby indemnify us against losses you might sustain with regards to the granting of the loan or the loan not being granted by the relevant Credit Provider, due to reasons beyond our reasonable control. This will include any economical loss pertaining to the harm/losses caused.
  11. LoanTycoonSA does not provide financial advice, you will deal with the financial institutes directly.
  12. We reserve the right to enforce our strict cancellation process. NO refunds will considered if any applicant cancels outside the 7 day cooling off period.
  13. The fee for our service is R299.
  14. This fee is payable upfront and is regardless of the loan outcome.
  15. You agree to our T&C and agree to pay the R299 fee in order for us to source you a loan.
  16. We do not receive commissions from the lenders.
  17. You are to EFT the R299 into the bank account provided to you in your welcome email.