Payday the quick way

Payday loans – Fast Approval – R100 to R2000

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Dear Customers, please note that our phone number has changed. Our new phone number is: 021 003 4510

Step 1

Resultant loan period: ? days
ZAR

Please note that first-time applicants qualify for a maximum loan of R1000

Total you will need to repay: R ?

If your phone number does not work your loan will be denied

Step 2

Please provide accurate employment details, as these will be confirmed by us
You can often find this on your payslip
This is the number we can use to confirm your employment
In order to allow you to track the progress of your loan, you need a user account for this website. Please provide us with a password below - your username will be the email address that you've already filled in ().
Make sure you write down and remember your email address and password!
You will use these to log in to the website and view your loan details or apply for new loans in future.
Your password must be at least 8 characters long and should consist of a mixture of upper- and lower-case characters, as well as numbers and/or special characters.

Step 3

Let us help you assess your affordability - fill in your total monthly income (as shown on your payslip) and total monthly expenses below.
Please enter your bank account details below. We will transfer your loan into this account.
eg: JB Johnson

Step 4

Please accept your loan agreement, debt review declaration and penalty fee declaration by ticking the relevant boxes below. This will help us process your loan application faster.

NB: Accepting your loan agreement does not necessarily mean that your loan has been approved, and you may still be denied.
PRE-AGREEMENT STATEMENT & QUOTATION FOR SMALL CREDIT AGREEMENTS

PRE-AGREEMENT STATEMENT & QUOTATION FOR SMALL CREDIT AGREEMENTS

In terms of section 92 of the National Credit Act 34 of 2005

NCR number: 95/11172/07
Reg no: 95/11172/07

Annexure A

Date:

Name of credit provider: Ncedani Investments

Physical address:
19 Electron Road
Techno Park
Stellenbosch
7600

Credit provider contact number: 021 003 4510

Name of consumer:

ID Number / CIPRO Number / Registration Number:

Physical address:

Employer address:

Consumer contact number:

SUMMARY

Credit advanced: R 0.00

Installment including fees & credit life insurance, excluding optional insurance: R 0.00

Installments payable: Monthly

Number of installments: 1

Initiation fee, charged up front: R 0.00

Total of all installments including interest, fees & credit life insurance,
excluding optional insurance: R 0.00

Monthly service fee included in installment: R 0.00

Monthly Interest Rate: 5%

Credit life insurance fee, included in installment: R 0

Total interest calculated: R 0.00

14% VAT charged on Service fee and Initiation fee: R 0.00

INCOME AND ESSENTAL EXPENDITURE [Required in terms of section 81(2)(a)(iii) of the National Act]

INCOME

Nett Salary less Overtime: R 0.00

TOTAL INCOME [A]: R 0.00

EXPENSES

House Rental / Bonds / Boarding: R 0.00
Municipal Services: R 0.00
Food & Household Goods: R 0.00
Transport: R 0.00
Clothing: R 0.00
Insurance Premiums (if not deducted from salary): R 0.00
Other Debt / Expenses: R 0.00

TOTAL EXPENSES [B]: R 0.00

DISPOSABLE INCOME [A] - [B]: R 0.00

PART A: OPTIONAL ITEMS

Optional items which will be added to the installment: None

Other optional items: None

Additional monthly premium for optional insurance: R 0

Description of optional insurance: n/a

PART B: REPAYMENT ARRANGEMENTS

Information regarding payments, including method of payment, date of first payment and date of last payment.

Number of installments: 1

1 installment(s) of: R 0.00

Final installment of: R 0.00

Date of first installment:

Date of last installment:

Method of payment: Debit order

PART C: FURTHER INFORMATION ON RIGHTS AND OBLIGATIONS

I verify that I have read and accepted the terms and conditions AND that Yuppie Cash can perform a credit check on me.
  I place my digital signature here
________________________________________
Signature of borrower

I hereby declare that I am NOT UNDER DEBT REVIEW and have NO INTENT of going under DEBT REVIEW after taking this loan.
  I place my digital signature here
________________________________________
Signature of borrower

I agree to the terms and conditions of the R 200.00 penalty fee if I break this contract.
  I place my digital signature here
________________________________________
Signature of borrower

The Borrower hereby declares that he/she will not over-indebt him/herself by entering into any furthur credit agreements prior to accepting this quote.

Signature:

________________________________________
Credit Provider Representative

  I place my digital signature here
________________________________________
Consumer

[THIS QUOTE IS BINDING FOR 5 DAYS AND WILL ONLY BE ENTERED INTO WITH THE BORROWER SUBJECT TO THE LENDER CONDUCTING AN AFFORDABILITY STUDY IN RESPECT OF THE BORROWER]

LOAN AGREEMENT

LOAN AGREEMENT

In terms of section 93(2) of the National Credit Act 34 of 2005 ("the Act")

("the Agreement") entered into between:

Ncedani Investments (NCR No.: 95/11172/07)

Physical address:
19 Electron Road
Techno Park
Stellenbosch
7600

Tel: 021 003 4510

("the Lender")

and

(ID No.: )

Physical address:

Employer address:

Tel:

("the Borrower")

1. Payment Schedule

The payment schedule attached hereto in the form of the pre-agreement statement and quotation (Annexure A) sets out the payment information relating to this Agreement and must be read as part of this Agreement.

2. Insurance

2.1 The Lender may require the Borrower to maintain a credit life insurance policy during the term of this Agreement.

2.2 The credit life insurance policy shall not at any time during the life of this Agreement be expected to exceed the total of the Borrower's outstanding obligations to the Lender in terms of this Agreement.

2.3 The Lender may propose the purchase of a particular credit life insurance policy on behalf of the Borrower, which proposed credit life insurance policy the Borrower has the right to waive for the option to purchase his or her own credit life insurance policy.

2.4 In the event that the Borrower elects to purchase the credit life insurance policy proposed by the Lender, such purchase will accrue the following (if applicable) –

2.4.1 Cost of the credit life insurance policy for which the Borrower is liable
R 0

2.4.2 Additional fees (if applicable)
R 0

2.4.3 Commission (if applicable)
R 0

2.4.4 Remuneration (if applicable)
R 0

2.4.4 Benefit payable to the Lender (if applicable)
R 0

2.5 The Lender will explain to the Borrower the terms and conditions of the insurance policy proposed by it and purchased by the Borrower.

2.6 The Lender will provide the Borrower with a copy of the credit life insurance policy proposed by it and purchased by the Borrower.

2.7 The Lender shall be a loss payee under the credit life insurance policy up to the settlement value at the occurrence of an insured contingency only and any remaining proceeds of the policy will be paid out to the Borrower.

3. Statements

3.1 The Lender shall provide a statement of account to the Borrower on or before the last day of every succeeding month for the duration of this Agreement according to any of the methods elected by the Borrower as set out in the table below.

3.2 The Lender and the Borrower may agree to reduce the frequency of the statements of account, with no more than two months elapsing between the delivery of successive statements of account.

4. Default administration costs

The Lender shall be entitled to demand payment of default administration charges to the amount allowed for a registered letter of demand in an undefended matter in terms of the Magistrate's Court Act, together with the reasonable and necessary expenses incurred in delivering the letter of demand.

5. Marketing options

The Lender may elect to be included or excluded from the following marketing options:
n/a

6. Early settlement

6.1 The Borrower is entitled to settle the Agreement at any time, without advance notice to the Lender.

6.2 The amount required to settle this Agreement shall be the total of the following amounts:

6.2.1 the unpaid balance of the principal debt up to the settlement date;

6.2.2 the unpaid interest charges up to the settlement date; and

6.2.3 all other fees, charges and insurance payable by the Borrower to the Lender up to the settlement date.

7. Borrower's right to terminate the agreement

The Borrower may terminate this Agreement at any time by paying the settlement amount due to the Lender, in accordance with paragraph 6 above.

8. Lender's right to terminate the agreement

8.1 In the event that the Borrower is in default under this Agreement, the Lender will notify the Borrower of such default in writing and propose that the Borrower refer this Agreement to a debt counselor, alternative dispute resolution agent, consumer court or ombud with jurisdiction with the intent that the parties resolve any dispute under this Agreement or develop and agree on a plan to bring the payments under this Agreement up to date prior to approaching the court for an order to enforce this Agreement.

8.2 The Lender may approach the court for an order to enforce this Agreement in the event that:

8.2.1 the Borrower has been in default of this Agreement for at least 20 business days; and

8.2.2 at least 10 business days have elapsed since the Lender brought the default to the Borrower's attention, as contemplated in 8.1 above; and

8.2.3 the Borrower has not responded to the notice as contemplated in 8.1 above, or has responded to the said notice by rejecting the Lender's proposals.

8.3 Should the court grant an order for the enforcement of this Agreement, the Borrower will be obliged to fulfill his or her obligations under this Agreement, as per the court order.

8.4 The unilateral termination of this Agreement by the Lender does not suspend or terminate any residual obligations of the Lender under this Agreement or the Act.

9. Addresses for receiving of documents

9.1 All pleadings relating to the agreement must be sent to either party to the addresses as stated at the head of this agreement which they herby choose as their domicilium citandi et executandi.

9.2 The Borrower elects that all notices and correspondence and specifically letter of demand and notification in terms of Section 129 (1)(a) of the National Credit Act 34 of 2005 be sent via electronic mail to his e-mail address being .

9.3 All correspondence and notices to the Lender should be sent via electronic mail to .

9.4 Either party must inform each other by hand or electronic mail of any changes in address.

10. Payment allocations:

All monies paid by the Borrower will first go to the redemption of reasonable costs of enforcing this Agreement up to the time of re-instatement (if any) and then to the redemption of fees, interest and insurance and thereafter to the initial loan amount.

11. Late/short payments:

11.1 If payments are late or short, the Lender –

11.1.1 may charge interest on the overdue amount at a rate which will be the same as the interest rate charged in respect of this Agreement;

11.1.2 will have the right to keep the Borrower bound to the terms of this Agreement and request all future payments as and when they become due and payable.

11.2 If the Lender accepts late or short payments one or more times, no right will be lost and the Lender has the sole discretion to require payment on time and in full.

11.3 Any failure to charge interest on overdue amounts will not mean the right to do so will be lost and the Lender always has the right to require payments on time and in full.

12. Complaints:

Complaints may be directed to the Lender at the contact details provided in this Agreement, or to the National Credit Regulator at (011) 554-2600.

13. Cession:

The Lender has the right on written notice to the Borrower to transfer (cede and assign) all the Lender's rights and obligations in this agreement to a third party and the Borrower will then pay the third party instead of the Lender.

14. Whole Agreement:

14.1. Besides any additional terms and conditions implied by the Act which are not necessarily contained in this Agreement, this Agreement contains the full and complete agreement between the Borrower and the Lender and there are no additional unspoken or implied terms or conditions.

14.2. No changes to these terms and conditions nor any letting go (waiver) of rights will be of force or effect unless written down and signed by or on behalf of both the Lender and the Borrower.

________________________________________
Signature of Lender or duly authorised representative

 I place my digital signature here
________________________________________
Signature of Borrower

APPLICANT'S / BORROWER'S DECLARATION

I declare that:

1. I have read through this contract and understand and accept the terms and conditions set out in the Annexure A hereto;

2. I will be able to satisfy in a timely manner all the obligations under all credit agreements to which I am a party;

3. I generally understand that, prior to the signature of this Agreement, I have the right to request the Lender for further clarification in the event that any aspects of my risk, the costs and my obligations under this Agreement are not fully understood and appreciated by me;

4. In light of 3 above, I am able to now declare that I generally understand and appreciate my risk, costs and obligations under this Agreement;

5. I fully and truthfully answered any request for information by the Lender as part of the assessment required for granting of the loan under this Agreement and acknowledge that it is a complete defence to an allegation that this Agreement was reckless if it is established that I failed to fully and truthfully answer any request for information in relation to this Agreement;

6. I am not in the process of being declared over-indebted by a debt counselor or any court and am not in the process of applying to any debt counselor or competent court for an order declaring me over-indebted;

7. I am not currently under administration, nor am I in the process of instituting an application for an administration order;

8. I am not an unemancipated minor, nor have I been declared mentally unfit by any competent court;

9. A copy of this entire Agreement has been handed to me;

10. I acknowledge to be indebted to the Lender, arising from money advanced and paid over to me on my specific instance and request.

11. I have received the full amount of R 0.00

A. DEBIT ORDER CLAUSE

I hereby authorise you to issue and deliver payment instructions to your banker for collection against my/our above mentioned account at my/our above mentioned bank (or any other bank or branch to which I/we may transfer my/our account) on condition that the sum of such payment instructions will never exceed my/our obligations as agreed to in the Agreement, and commencing on and continuing until this Authority and Mandate is terminated by me/us by giving you notice in writing of not less than 20 ordinary working days, and sent by prepaid registered post or delivered to your address indicated above. The individual payment instructions so authorised to be issued must be issued and delivered as follows:
i. on the "payment day" selected by the client of each and every month commencing on . In the event that the payment day falls on a Saturday, Sunday or recognized South African public holiday, the payment day will automatically be the business day before. Further, if there are insufficient funds in the nominated account to meet the obligation, you are entitled to track my account and re-present the instruction for payment as soon as sufficient funds are available in my account;
ii. monthly; on or after the dates when the obligation in terms of the Agreement is due and the amount of each individual payment instruction may not be more or less than the obligation due;

I understand that the withdrawals hereby authorised will be processed through a computerized system provided by the South African Banks and I also understand that details of each withdrawal will be printed on my bank statement or on an accompanying voucher. Such must contain a number, which number must be included in the said payment instruction and if provided to you should enable you to identify the Agreement. This number must be added to this form in section E before the issuing of any payment instruction and communicated to me directly after having been completed by you. I/We shall not be entitled to any refund of amounts which you have withdrawn while this authority was in force, if such amounts were legally owing to you.

B. MANDATE

I acknowledge that all payment instructions issued by you shall be treated by my/our above mentioned bank as if the instructions had been issued by me/us personally.

C. CANCELLATION

I agree that although this Authority and Mandate may be cancelled by me/us, such cancellation will not cancel the Agreement. I/We shall not be entitled to any refund of amounts which you have withdrawn while this authority was in force, if such amounts were legally owing to you.

D. ASSIGNMENT

I acknowledge that this authority may be ceded or assigned to a third party if the Agreement is also ceded or assigned to that third party, but in the absence of such assignment of the Agreement, this Authority and Mandate cannot be assigned to any third party.

AUTHORITY AND MANDATE FOR PAYMENT INSTRUCTIONS

A. AUTHORITY

Given by:
(ID No.: )

Bank Account Details:
Bank Name:
Branch Number:
Account Number:
Type of Account:
Date:

To:
Ncedani Investments (NCR No.: 95/11172/07)
19 Electron Road
Techno Park
Stellenbosch
7600

Refer to our contract dated ("the Agreement")

1. I/We hereby authorise you to issue and deliver payment instructions to your banker for collection against my/our abovementioned account at my/our abovementioned bank on condition that the sum of such payment instructions will never exceed my our obligations as agreed to in the Agreement.

2. The individual payment instructions so authorised to be issued must be issued and delivered monthly (interval) on or after the dates when the obligation in terms of the Agreement is due and the amount of each individual payment instruction may not be more or less than the obligation due.

3. The payment instructions so authorised to be issued must carry a number, which number must be included in the said payment instructions and if provided to you should enable you to identify the Agreement. The said number should be added to this form in section E before the issuing of any payment instruction and communicated to me directly after having been completed by you.

4. I/we agree that the first payment instruction will be issued and delivered on or after (date). Subsequent payment instructions will continue to be delivered in terms of this authority until the obligations in terms of the Agreement have been paid or until this authority is cancelled by me/us by giving you notice in writing of not less than the interval (as indicated in clause 3 above) and sent by prepaid registered post or delivered to your address indicated above.

B. MANDATE

I/we acknowledge that all payment instructions issued by you shall be treated by my/our abovementioned bank as if the instructions had been issued by me/us personally.

C. CANCELLATION

I/we agree that although this authority and mandate may be cancelled by me/us, such cancellation will not cancel the Agreement. I/we also understand that I/we can not reclaim amounts, which have been withdrawn from my/our account (paid) in terms of this authority and mandate if such amounts were legally owing to you.

D. ASSIGNMENT

I/We acknowledge that the party hereby authorised to effect the drawing(s) against my/our account may not cede or assign any of its rights to any third party without my/our prior written consent and that I/we may not delegate any of my/our obligations in terms of this contract/authority to any third party without prior written consent of the authorised party.

NOTE: The NAEDO and/or EFT user may add to the above minimum requirements.

Signed at YuppieCash Headquarters, Stellenbosch on

 I place my digital signature here
________________________________________
Signature as used for operating on the account

E. AGREEMENT REFERENCE NUMBER

The agreement reference number is

I verify that I have read and accepted the terms and conditions AND that Yuppie Cash can perform a credit check on me.
 I place my digital signature here
________________________________________
Signature of borrower

I hereby declare that I am NOT UNDER DEBT REVIEW and have NO INTENT of going under DEBT REVIEW after taking this loan.
 I place my digital signature here
________________________________________
Signature of borrower

I agree to the terms and conditions of the R 200.00 penalty fee if I break this contract.
 I place my digital signature here
________________________________________
Signature of borrower

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Did you know?

When you pay back your installments on the days they are due, your credit score may improve immediately. The better your credit score the easier it is to get loans - not just with us, but ever.

Breakdown of fees

Late interest charge per day: 0.1644%
Service Fee: R50 plus VAT @ 14% = R57
Initiation Fee: R45 for each loan issued.

APR

Our monthly interest rate is 5%.

Financial implications

Late interest is accumulated on a daily basis for overdue loans. A R57 service fee will be charged for loans exceeding 30 days.

Collections for overdue loans

A) Customers are called & emailed about their overdue loan status and immediate action is taken against them.

B) After 30 days the customer will receive a final letter of demand and are given 10 days to settle the outstanding amount.

C) Customers are handed over to our bad debt department where they will then continue to reclaim the outstanding loans.

Potential impact to user's creditscore

Batch uploads are done on a daily basis on our loan system. These files are then submitted to our credit bureaus indicating the status of each applicant's loan. This information is then updated and reflects on the user’s credit report.

Renewal policies and fees

There are no renewal fees for customers who have previously loaned with us. There are no automatic loan renewals for existing customers, each applicant whether new or old undergoes the credit assessment process each time they apply.