Information for New Applications
Please read carefully and make sure you understand and agree before proceeding.
1) By joining the Loan-Info SACRRA Only Web Version you will automatically become a Loan-Info ALG Member, we will register you with SACRRA as a Loan-Info ALG Member.
2) No Joining/Application Fee, No Setup Fee, Only a Monthly Fee of R600.00 per Month (Yearly increases will apply).
3) SACRRA Yearly ALG Membership Fee of +-R813.15 (Depending on Category), from 1 Jan to 31 Dec each year (Yearly increases will apply).
4) If anything is not completed correctly we will not be able to process your application.
5) Non Payment of your Loan-Info Monthly Fee and/or Yearly SACRRA Fee will result in immediate suspension of your access to the program and as required SACRRA will be informed of such suspension of access/service.
6) If your access/service to this program is:
a) suspended for any reason by us/you; you will not have access to any parts of the system and/or access to the data on the system. SACRRA will/must be informed about the suspension.
b) cancelled for any reason by us/you; you will not have access to any parts of the system and/or access to the data on the system and the SACRRA/Credit Bureaus will be informed to close all open loans to not disadvantage and/or negatively impact the Customers/Borrowers Credit Record. SACRRA will/must be informed about the cancellation.
7) You are responsible to ensure;
a) the Customer Information, Loan Information, Payment Information, Amounts is 100% correct.
b) your contracts and paperwork is in order and according to the LAW.
8) Loan-Info do not accept any responsibility/liability for any information you have put on/in the system.
9) This is not a Loan Management System, it does not calculate Interest/Initiation Fee/Account Management Fee.
10) Loan-Info reserves the right to Approve/Accept or Disapprove/Reject any Application without having to give reasons and/or explanations.
11) This product is provided as-is. Use it entirely at your own risk. Use of this product implies your acceptance of this. In no way will Loan-Info, their employees or affiliates incur any responsibility with respect to any liability, loss or damage caused or alleged to have been caused including, but not limited to, any interruption of service, loss of business, anticipatory profits or consequential damages resulting directly or indirectly from the use of the software.
12) This software is protected by copyright laws and international copyright treaties, as well as other intellectual property laws and treaties. Nationally as well as Internationally.
13) If you have more than one Branch:
a) each branch needs to be separately registered,
b) you can not load transactions from other brances into another branch.
Important: By continuing with this application you accept/agree to all the Above and Loan-Info\SACRRA\NCR rules and regulations, current and/or future.