Terms and Conditions
The use of our online facilities is subjected to terms and conditions that are outlined below. We advise you to take your time and carefully read these terms and conditions. By using Onpoint Loans website, you agree to abide by the following terms and condition.
You agree that the information you have submitted on this application is correct and true has not been altered in any way. Onpoint Loans and its staff act on your behalf on submitting your loan application to various institutions. We will submit your application to different institutions that we are currently working with, we do not have the facilities to do credit checks therefore the outcome of your application depends solely on the institutions. You agree that you are not currently under debt review, administration, insolvent, or under any debt restructuring program. You also declare that you are a south African Citizen between the ages of 18 years and 65 years old.
AS ALL OTHER BROKERS DO,WE DO CHARGE A COMMISSION FEE OF BETWEEN 5% AND 10% WHICH YOU PAY AFTER THE LOAN HAS BEEN APPROVED AND DISBURSED INTO YOU ACCOUNT
onpoint loans IS NOT:
- a lender
- An agent or broker for any financial institution and we do not give out loan or have influence on your application.
- By applying with us we cannot guarantee you that your loan will be approved it’s up to the institution.
- we only submit your application on your behalf to different brokers and institutions
- If you and queries or questions we suggest you contact the institution direct.
Safe guarding of your information to Onpoint Loans is a priority, the information that you pass to us through our online application is only passed to the institution that will access it for the purpose of giving you a loan. The institutions do not have a right to use the information passed on to them for any other purposes than to assist you with a loan.
We do not give out financial advice. We operate an online referral service and we forward on all your request and applications to qualified third parties with who we have pr-arranged arranged agreements. You will deal direct with these advisors. We do not receive any remuneration or commission from these third parties for referring you to them.
NO UPFRONT FEES We solicit a personal loan on your behalf for a fee of between 5% and 10 % on the loan amount approved and this is paid by you only once the loan we acquired for you has been paid to your account, not in advance. You are not liable to any charges if your loan is not paid out or declined.