PRIVACY POLICY

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Introduction

Welcome to 247Loans. Our commitment to you is to protect your privacy and personal data by adhering to the best global standards in all we do. 247Loans does not offer you the loan, but rather connects you to our dedicated panel of lenders through our quick 3-step online application process.

Personal Information

Your information: We also collect basic personal information (Name, email address, ID number, Tel number etc.) from you when you apply for our services. We may also collect your credit information if you give us consent to do a credit check on your behalf. By opting in to receive marketing you give us permission to use profiling tools and models to better position products for your needs.

247Loans shall manage the acquirement of the Opted In Leads through its own processes and undertake all the necessary legal and compliance risk from a POPI (Protection of Personal Information Act) and NCA (National Credit Act) requirements;

Part of the lead generation process is to ensure that not only has the potential User opted in for marketing but has also provide consent that their information and contact details can be provided to a third party.

247Loans warrants and acknowledges that as part of the lead generation process it shall:

• Ensure that all potential Clients opted in for marketing;
• Ensure that all potential Clients have provided the necessary consent for their personal information to be provided to a third party;
• Ensure that all potential Clients have consented to be approached in respect of applying for a credit product.

Credit Bureau Check

By applying for a credit product you give 247Loans permission to do a Credit Bureau check on your behalf.

Use of Information

• By using the 247Loans site and applying for our services and / or opting in to receive marketing communication you agree that 247Loans can provide your data to its various partners for the purposes of matching you with the best product for your needs and its partners can communicate with you with suitable offers or news.
• While we may from time to time promote offers supplied by third parties whereby the third party may contact you directly, we commit that at no time will we sell your personal details on to any third party for them to do with as they choose.
• You may also, at any time, choose to opt-out of receiving email marketing communications by the unsubscribe link provided in each email.
• Your data will be securely stored on secure servers.
• The financial institution with whom a credit agreement has been opened may return details regarding the opening of the loan to 247Loans. This information includes opening date , loan amount and the clients ID number for financial record keeping.
• We (247Loans) share your information with third parties (such as Google Ads and Facebook Ads) to perform ad measurement services on our (247Loans) behalf.