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Privacy Policy

By viewing this website you hereby acknowledge that you have read and understand the Protection of Personal Information (POPI) disclaimer. Cash Quick Auto shall take all reasonable measures to protect the Personal Information of Data Subjects in our care.

What Is Personal Information?

For the purpose of this disclaimer, "Personal Information" shall be defined as detailed in the Promotion of Access to Information Act 2 of 2000 ("PAIA") and the Protection of Personal Information Act 4 of 2013 ("POPI"). The PAIA and POPI Acts are available online at www.gov.za/documents/acts.

According to these definitions, personal information refers to information that relates specifically to information that can identify a living person, such as name, age, gender, identity number, email address, etc.

How We Use Your Information

Cash Quick Auto collects, stores and uses your information primarily for the following purposes:

  • To provide services to you as instructed and requested by you
  • To compile non-personal statistical information about browsing habits, click patterns and access to this website

Whenever you use our website, complete an application form, contact us electronically, or use one of the services offered by us, we will collect your personal information. The information we maintain concerning our clients is treated as confidential and protected with the necessary safety measures.

Questions About This Policy

Should you have any queries relating to our compliance with the above-mentioned legislation, kindly contact our Information Officer.

Important Loan Disclosures

APR

36%

The Annual Percentage Rate (APR) on our loans is 36%. This is an all-inclusive rate that covers the interest rate, the once-off initiation fee and monthly service fees.

Repayment Terms

3–24 months

The minimum repayment period is 3 months and the maximum repayment period is 24 months. There are no penalties for early settlement.

Fees

Apart from the once-off initiation fee and the monthly service fee, the only additional fee is credit life insurance — and it applies only if you do not already have valid credit life cover in place. There are no other hidden fees or charges of any kind.

Illustrative Example

Client borrows R10,000 over12 months at our all-inclusive APR of 36%:

Loan AmountRepayment PeriodTotal InterestInitiation FeeMonthly Service FeeMonthly InstalmentTotal Cost of LoanTotal RepayableAPR
R10,00012 monthsR835.44R500.00R60.00R1,004.62R2,055.44R12,055.4436%

All figures are for illustration purposes only. The monthly instalment includes the monthly service fee, with the once-off initiation fee financed as part of the loan. Actual rates and fees are determined by an individual affordability assessment and will be confirmed in your pre-agreement statement and quotation before you sign.

APR & Loan Period

Our Annual Percentage Rate (APR) is 36% — an all-inclusive rate covering the interest rate, the once-off initiation fee and monthly service fees. Repayment terms range from a minimum of 3 months to a maximum of 24 months.

Renewals

All accounts may be renewed if they are up to date.

Collection

All payments are made via EFT or direct deposits to Cash Quick Auto. There are no debit orders. Apart from the initiation and monthly service fees shown above, the only additional fee is credit life insurance — and only if the borrower does not already have valid cover in place.

Non-Payment

Non-payments may result in the matter being escalated.