Responsible Lending

All of our associated lenders are required to have a Responsible Lending Policy in order to protect the consumers.

It's important to fully understand that a short term loan by definition is a loan taken over the timeframe of a month or less. An instalment loan is a loan taken over a period of more than a month where you have more than one scheduled repayments. If you have taken out four or more short term or instalment loans within the last year, then we highly advise that you seek some debt and budgeting advice.

Most lenders will not allow a borrower to receive more than 30% of their net income each month. So if your application was denied, then perhaps try again for a lower amount.

Short term loans or instalment loans are never recommended for holidays or items that are considered 'leisure'. They are intended for individuals to mitigate any issues that they may have financially for an agreed period, up to 18 months.

Be sure that the website that you use has an application that is secure such as SSL technology.

It is important that you fully comprehend the APR that the lender is offering prior to accepting a loan.

Be sure that you are able to pay back your loan as per the agreement that you have made with your lender. Never borrow more than you can afford to pay back. If you believe you will miss your payment, then you must contact your lender immediately in order to come to an appropriate solution.

What lenders do not do:

Lenders do not offer funds to people whom they believe will be unable to repay their short term loans or for those seeking funding simply for holidays and 'leisure'.

Lenders do not target those that have current debt issues.

Implications of a non-payment:

It's important to talk to your lenders so that they can help you as best they can.

Never borrow money that you do not believe you will be able to repay.
Some lenders may charge a missed payment / late fees.

Every lender has their own individual policy regarding non-payment or late payments. Please refer to their website for details.

You might consider contacting a debt advisory service to help you.