Terms & Conditions

Effective Date: 09/02/2024

Welcome to Lali’s Cash Loan! By applying for a loan or using our services, you agree to the following Terms & Conditions. Please read them carefully.

1. Definitions

• “Company” refers to Lali’s Cash Loan.
• “Client” refers to any individual applying for or receiving a loan from us.
• “Loan” refers to any financial product offered by us, including microloans, personalized loans, and long-term loans.
• “Agreement” refers to the legally binding contract between the Client and the Company.

2. Loan Eligibility

To apply for a loan, you must:
✅ Be at least 18 years old.
✅ Be a South African citizen or permanent resident.
✅ Have a valid South African ID.
✅ Provide proof of income and employment.
✅ Pass a creditworthiness check.

3. Loan Types & Repayment Terms

We offer the following loan options:

• Micro Loans – Short-term loans ranging from R500 – R10,000, repayable within 1 to 6 months.
• Personalized Loans – Custom loan amounts from R10,000 – R50,000, with flexible repayment terms of 6 months to 18 months.
• Long-Term Loans – Larger loans from R50,000 – R100,000, repayable over 12 to 24 months.

Repayment Terms

• All loans must be repaid as per the agreed-upon schedule.
• Late payments may result in penalties and additional interest.
• Early repayment is allowed without penalty unless otherwise stated.
• A 7-day grace period is provided for missed payments before late fees apply.

4. Interest Rates & Fees

• Interest rates are between 5% – 40% annually, depending on loan type, credit score, and repayment term.

5. Creditworthiness Check & Documentation

By applying for a loan, you consent to a credit check with registered credit bureaus.
Clients must sign the following documents before loan approval:
📄 Loan Agreement – Outlines loan terms, interest rates, and repayment conditions.
📄 Consent Form – Authorizes credit bureau checks and data processing.
📄 Acknowledgment of Terms – Confirms the client understands the loan terms and consequences of default.

6. Late Payments & Default

• Failure to make timely payments may result in additional fees and interest.
• A 7-day grace period applies before late fees are charged.
• Continuous non-payment may lead to legal action or blacklisting with credit bureaus.
• We may engage debt collection agencies to recover outstanding amounts.

7. Loan Approval & Disbursement

• Loan applications are subject to approval based on risk assessment.
• Once approved, funds will be disbursed to the provided bank account within 24 – 72 hours.
• We reserve the right to reject applications without explanation.

8. Data Protection & Privacy

• We collect and process personal data in compliance with South African laws.
• Your information will not be shared with third parties without consent, except as required by law.
• See our Privacy Policy for more details.

9. Client Responsibilities

As a client, you agree to:
✔️ Provide accurate and truthful information.
✔️ Repay your loan as per the agreement.
✔️ Inform us of any changes in employment or financial status.
✔️ Use the loan funds only for their intended purpose.

10. Cancellation & Early Settlement

• You may cancel your loan application before approval without penalty.
• Early repayment is allowed; however, settlement terms may vary.

11. Dispute Resolution

• Any disputes will first be resolved internally.
• If unresolved, disputes may be referred to the National Credit Regulator (NCR) or the relevant legal authorities.

12. Changes to Terms & Conditions

• We reserve the right to update these Terms & Conditions at any time.
• Clients will be notified of significant changes via email or website updates.

13. Contact Information

For any inquiries or concerns regarding these Terms & Conditions, please contact us:

📧 Email: service@laliscashloan.co.za
📞 Phone: +27798185065/+27712975841
📍 Address: Thohoyandou Mashapha Complex Office No: B10