Terms and Conditions for Jiffy Finances (jiffyloans.co.za)

By accessing and using the services provided by Jiffy Finances (Pty) Ltd (“we,” “us,” “our“) via our website jiffyloans.co.za, you (“the Borrower,” “you,” “your“) agree to be bound by the following Terms and Conditions. Please read them carefully before proceeding with your loan application.  

1. Loan Agreement Acceptance  

By ticking the acceptance box and submitting your loan application, you acknowledge and agree to:  

– The loan terms, including interest rates and fees.  

– Undergo mandatory verification and credit checks.  

– The creation of a debit order mandate for repayment.  

2. Loan Terms & Fees  

– Interest Rate: A fixed interest rate of 25% per payment period will apply to your loan.  

– Initiation Fee: A once-off initiation fee of R89 will be charged upon loan approval.  

– Admin Fee: A once-off administration fee of R89 will be applicable.  

– Total Cost of Credit: The total repayment amount will include the principal loan amount, interest, and applicable fees.  

3. Verification & Credit Checks

By applying for a loan, you consent to the following checks:  

– Identity Verification: Confirming your identity using your South African ID or passport.  

– Bank Account Verification: Ensuring your provided bank account is valid and active.  

– Credit Check: A credit assessment may be performed through registered credit bureaus.  

– Bank Statement Retrieval: We may retrieve and analyze your recent bank statements to assess affordability.  

– Debit Check Mandate Creation: A debit order mandate will be registered for repayment collection.  

4. Loan Repayment

– Repayment will be collected via debit order on the agreed due date.  

– Failure to repay may result in additional fees, penalties, and negative credit reporting.  

– Early repayment is permitted but may still be subject to the full interest and fees.  

5. Data Privacy & Consent 

– Your personal and financial data will be processed in accordance with South Africa’s Protection of Personal Information Act (POPIA).  

– We may share your information with credit bureaus, financial institutions, and regulatory bodies where required.  

6. Default & Consequences  

– Late payments will incur penalties and may affect your credit score.  

– Persistent default may lead to legal action and debt collection processes.  

7. Cancellation Policy

– You may cancel your loan application before approval without penalty.  

– Once disbursed, the loan must be repaid in full, including all applicable fees.  

8. Complaints & Disputes

– Any disputes must be submitted in writing to our customer service team.  

– If unresolved, you may escalate the matter to the National Credit Regulator (NCR).  

9. Amendments to Terms 

– We reserve the right to modify these Terms and Conditions at any time.  

– Continued use of our services constitutes acceptance of the updated terms.  

By proceeding with your loan application, you confirm that you have read, understood, and agreed to these Terms and Conditions.  

Company Name: Jiffy Finances (Pty) Ltd  

Website: [www.jiffyloans.co.za](https://www.jiffyloans.co.za)  

Contact: [0739755308 ]