Terms of Service

Please read these Terms of Service carefully before accessing or using our website and services. By accessing or using our services, you agree to be bound by these terms.

1. Acceptance of Terms

By accessing and using SwiftLoan website and services, you accept and agree to be bound by the terms and provisions of this agreement. If you do not agree to these terms, please do not use our services.

2. Eligibility

To use our services, you must:

• Be at least 18 years of age
• Be a South African citizen or permanent resident
• Have a valid South African Identity Document
• Have a regular source of income
• Have an active bank account in your name
• Not be under debt review, sequestration, or administration

3. Loan Application and Approval

By submitting a loan application:

• You confirm that all information provided is accurate and complete
• You authorize us to verify your information with credit bureaus and other sources
• You understand that approval is subject to our credit assessment criteria
• You acknowledge that we reserve the right to decline any application
• You agree to provide additional documentation if requested

4. Interest Rates and Fees

Our interest rates and fees are:

• Compliant with the National Credit Act and regulations
• Determined based on your credit profile and risk assessment
• Disclosed in your loan agreement before you sign
• Subject to change based on market conditions (for variable rate products)

All fees, including initiation fees, monthly service fees, and credit insurance premiums, will be clearly disclosed in your loan quotation.

5. Repayment Terms

You agree to:

• Repay the loan according to the schedule outlined in your loan agreement
• Ensure sufficient funds are available in your nominated account on payment dates
• Notify us immediately of any changes to your financial circumstances
• Pay all amounts due, including principal, interest, and fees

6. Default and Consequences

In the event of default:

• We may charge default administration fees as permitted by law
• Interest may continue to accrue on outstanding amounts
• We may report the default to credit bureaus
• We may take legal action to recover the debt
• You will be liable for all costs associated with debt recovery

7. Early Settlement

You have the right to settle your loan early at any time. Upon request, we will provide you with a settlement quotation valid for a specified period. Early settlement may result in interest savings as per the National Credit Act.

8. Credit Insurance

Credit life insurance may be required for certain loans. This insurance:

• Covers the outstanding loan balance in the event of death, disability, or retrenchment
• Premiums are disclosed in your loan quotation
• May be arranged through our nominated insurer or your own insurer (subject to approval)

9. Intellectual Property

All content on our website, including text, graphics, logos, and software, is the property of SwiftLoan and is protected by copyright and other intellectual property laws. You may not reproduce, distribute, or create derivative works without our express written permission.

10. Website Use

When using our website, you agree not to:

• Use the website for any unlawful purpose
• Attempt to gain unauthorized access to our systems
• Interfere with the proper functioning of the website
• Submit false or misleading information
• Engage in any activity that could damage our reputation

11. Limitation of Liability

To the extent permitted by law:

• We are not liable for any indirect, incidental, or consequential damages
• Our total liability shall not exceed the amount of the loan in question
• We do not guarantee uninterrupted or error-free access to our website
• We are not responsible for third-party websites linked from our site

12. Privacy and Data Protection

Your use of our services is also governed by our Privacy Policy. By using our services, you consent to the collection and use of your information as described in the Privacy Policy.

13. Governing Law

These terms are governed by the laws of the Republic of South Africa. Any disputes shall be subject to the exclusive jurisdiction of the South African courts.

14. Amendment of Terms

We reserve the right to modify these terms at any time. Changes will be effective immediately upon posting on our website. Your continued use of our services constitutes acceptance of the modified terms.

15. Complaints and Disputes

If you have a complaint:

• Contact our customer service team first to resolve the issue
• If unresolved, you may escalate to our complaints department
• You have the right to refer the matter to the National Credit Regulator
• You may also approach the National Consumer Tribunal or courts

16. Contact Information

For any questions regarding these terms, please contact us:

• Email: lon@codehustle.co.za
• Phone: +27 12 345 6789
• Address: 123 Finance Street, Sandton, Johannesburg, South Africa