Terms & Conditions

Welcome to EZ Funds. These Terms and Conditions ("Terms") govern your use of our loan application platform and services. By accessing or using our platform at ezfunds.co.za, you agree to be bound by these Terms.

Please read these Terms carefully. The BOLD paragraphs contain important information that limits our liability or creates obligations for you.

• "Account" means the credit account created for your loan
• "Agreement" means the loan agreement between you and EZ Funds
• "Debit Order" means authorization for automatic payment deduction from your bank account
• "Loan Amount" means the principal amount borrowed
• "Repayment Amount" means total amount payable including interest and fees
• "Personal Information" means personally identifiable information collected during the application process

3.1. By submitting an application, you confirm that:

• You have read and understood these Terms
• You are at least 18 years old
• You are a South African citizen or permanent resident
• All information provided is truthful and accurate

3.2. All information you provide must be complete and correct. You must immediately notify us if any information changes.

3.3. You consent to us obtaining information from your employer, bank, credit bureau, or other sources to assess your application.

3.4. Your application is subject to our credit approval criteria. We are not obliged to accept your application.

4.1. Interest is calculated at 30% on the loan amount for the loan period.

4.2. The interest rate is fixed for the duration of your loan agreement.

4.3. All fees and charges will be clearly shown in your pre-agreement statement before you accept the loan.

5.1. You must pay by debit order on your specified salary pay date.

5.2. You authorize us to deduct monthly payments and any arrear amounts from your bank account.

5.3. Payments are allocated in the following order:

• Unpaid interest
• Fees and charges
• Principal debt

5.4. If you cancel your debit order, you must notify us and pay your outstanding balance in full.

6.1. If your account goes into arrears:

• Additional fees and collection costs will apply
• Adverse information will be submitted to credit bureaus
• Your account may be handed to debt collectors
• Legal action may be instituted

7.1. We respect your privacy and protect your personal information.

7.2. We collect personal information to:

• Process your loan application
• Assess creditworthiness
• Manage your loan account
• Comply with legal obligations

7.3. See our Privacy Policy for detailed information on how we process your data.

8.1. We may terminate this agreement immediately if:

• You fail to make payments
• You breach any term of this agreement
• You provide false information
• You are sequestrated

8.2. You may terminate by contacting us and settling your account in full.

9.1. Disputes should first be resolved through negotiation.

9.2. You have the right to contact our complaints department to resolve any issues.

10.1. These Terms are governed by South African law.

10.2. We may update these Terms from time to time. Continued use of our services constitutes acceptance of updated Terms.

10.3. If any provision is invalid, the remaining provisions remain in effect.