Terms and Conditions
1. Introduction
JSB Loans provides short-term loans tailored to support our South African community with transparent, accessible financing. These Terms and Conditions (“Terms”) form a legal agreement between you (“Borrower”, “you”, or “your”) and JSB Loans (“we”, “us”, or “our”), a registered National Credit Regulator Credit Provider (NCRCP Registration Number: NCRCP21389).
Our services are accessible via www.jsbloans.co.za .
2. Acceptance of Terms
By accessing our website, submitting a loan application, or accepting a loan offer, you confirm that you have read, understood, and unconditionally accept these Terms in full.
These Terms constitute a binding agreement under South African law, including the National Credit Act 34 of 2005 (“NCA”). If you do not agree, you must not use our services.
3. Eligibility Criteria
Borrowers must be South African citizens or permanent residents aged 18 years or older.
Proof of stable employment and regular income is required.
A valid South African bank account is required for loan disbursement and repayment.
All applications are subject to a credit check and affordability assessment.
4. Loan Agreement and Documentation
Upon approval, the Borrower will receive a loan agreement outlining the loan amount, interest rate, fees, repayment terms, and obligations.
The loan agreement and pre-agreement disclosure must be signed before any funds are advanced.
The Borrower warrants that all information provided is accurate and agrees to notify JSB Loans of any material changes in financial circumstances.
5. Loan Amount, Interest, and Fees
Loan amounts range from amounts determined by JSB Loans based on affordability and risk assessment.
Interest is calculated daily on the outstanding balance at an agreed rate, compliant with applicable legislation.
Fees may include initiation fees, service fees, and penalty fees for late payments, all disclosed upfront.
6. Repayment Terms
Repayment schedules, including installment amounts and due dates, will be clearly stated in the loan agreement.
Borrowers are responsible for ensuring repayments are made on time.
Late or missed payments may result in additional charges and may negatively impact the Borrower’s credit record.
7. Security and Guarantees
Loans may be unsecured or secured depending on the loan type and risk profile.
Any collateral or guarantor requirements will be detailed in the loan agreement.
8. Privacy and Confidentiality
JSB Loans processes personal information in accordance with the Protection of Personal Information Act 4 of 2013 (“POPIA”).
Information may be shared with credit bureaus, service providers, and regulators as required by law.
You may contact us at info@jsbloans.co.za for privacy-related queries.
9. Default and Remedies
In the event of default, JSB Loans may take lawful steps to recover outstanding amounts, including engaging debt collectors or initiating legal action.
Borrowers will be informed of their rights under the National Credit Act.
10. Dispute Resolution
JSB Loans encourages disputes to be resolved through direct communication.
Unresolved disputes may be referred to the National Credit Regulator or an appropriate ombudsman.
11. Amendments and Updates
JSB Loans reserves the right to amend these Terms to reflect legislative or operational changes.
Material changes will be communicated at least five (5) business days in advance where required by law.
12. Entire Agreement
These Terms constitute the entire agreement between JSB Loans and the Borrower. If any provision is found unenforceable, the remaining provisions shall remain in effect.