1. Introduction
Welcome to ladconsulting.co.za. These Terms and Conditions govern your use of our website and loan services. By accessing or using our services, you agree to be bound by these terms. Please read them carefully.
2. Definitions
In these Terms and Conditions:
- "We," "us," "our" refers to ladconsulting.co.za
- "You," "your" refers to the user or customer of our services
- "Loan" refers to the short-term financial product offered through our platform
- "Website" refers to ladconsulting.co.za and all its pages
- "Services" refers to all loan and financial services we provide
3. Eligibility Requirements
To apply for a loan through our platform, you must:
- Be at least 18 years of age
- Be a South African citizen or permanent resident
- Have a valid South African ID number
- Have a regular source of income
- Have an active bank account in your name
- Provide accurate and truthful information
- Have a valid email address and phone number
4. Loan Application Process
4.1 Application Submission
When you submit a loan application, you:
- Authorize us to verify your information with third parties
- Consent to credit checks with credit bureaus
- Agree to receive communications regarding your application
- Acknowledge that approval is not guaranteed
4.2 Application Review
We reserve the right to:
- Accept or reject any loan application at our discretion
- Request additional information or documentation
- Verify information provided through third-party sources
- Conduct credit and affordability assessments
5. Loan Terms
5.1 Loan Amounts
Loan amounts range from R 500 to R 350,000, subject to approval and affordability assessment.
5.2 Interest Rates and Fees
Interest rates and fees will be clearly disclosed before you accept the loan. These may include:
- Monthly interest rate
- Initiation fees (as permitted by the National Credit Act)
- Service fees
- Late payment fees
5.3 Repayment Terms
You agree to:
- Repay the loan according to the agreed schedule
- Maintain sufficient funds in your bank account for debit order collections
- Notify us immediately of any changes to your bank account details
- Pay any additional fees for failed debit orders or late payments
6. Your Responsibilities
As a borrower, you are responsible for:
- Providing accurate and complete information
- Reading and understanding all loan documentation before signing
- Making timely payments according to the loan agreement
- Notifying us of any changes to your contact information
- Using the loan funds responsibly
- Maintaining the confidentiality of your account credentials
7. Our Rights
We reserve the right to:
- Modify or discontinue services at any time
- Refuse service to anyone for any reason
- Report delinquent accounts to credit bureaus
- Take legal action to recover outstanding debts
- Update these Terms and Conditions with notice
- Suspend or terminate accounts that violate these terms
8. Default and Collections
8.1 Default
You will be in default if you:
- Fail to make a payment when due
- Provide false or misleading information
- Declare bankruptcy or insolvency
- Breach any term of the loan agreement
8.2 Collections
In the event of default, we may:
- Report the default to credit bureaus
- Engage debt collection agencies
- Initiate legal proceedings
- Charge additional fees and interest as permitted by law
9. National Credit Act Compliance
We comply with the National Credit Act (NCA) of South Africa. This includes:
- Conducting affordability assessments
- Providing clear disclosure of terms and costs
- Adhering to maximum interest rate caps
- Respecting your rights as a consumer
- Maintaining proper registration and licensing
10. Privacy and Data Protection
Your use of our services is also governed by our Privacy Policy. We collect, use, and protect your personal information in accordance with the Protection of Personal Information Act (POPIA).
11. Website Use
11.1 Acceptable Use
You agree not to:
- Use the website for any illegal purpose
- Attempt to gain unauthorized access to our systems
- Interfere with the website's operation
- Upload malicious code or viruses
- Scrape or harvest data from the website
- Impersonate another person or entity
11.2 Intellectual Property
All content on this website, including text, graphics, logos, and software, is our property and protected by copyright and trademark laws.
12. Disclaimers and Limitations
12.1 Service Availability
We do not guarantee that our website or services will be available at all times. We may experience downtime for maintenance or technical issues.
12.2 Accuracy of Information
While we strive to provide accurate information, we do not warrant that all content on the website is error-free or up to date.
12.3 Limitation of Liability
To the extent permitted by law, we are not liable for any indirect, incidental, or consequential damages arising from your use of our services.
13. Dispute Resolution
Any disputes arising from these Terms and Conditions will be governed by South African law. You agree to attempt to resolve disputes amicably before pursuing legal action.
14. Amendments
We may update these Terms and Conditions from time to time. Continued use of our services after changes constitutes acceptance of the updated terms. We will notify you of significant changes via email or website notice.
15. Severability
If any provision of these Terms and Conditions is found to be invalid or unenforceable, the remaining provisions will continue in full force and effect.
16. Contact Information