Terms of Service - SmartD Loans

1. Acceptance of Terms

By accessing and using SmartD Loans services, you accept and agree to be bound by the terms and provision of this agreement. If you do not agree to abide by the above, please do not use this service.

2. Service Description

SmartD Loans provides a peer-to-peer lending platform that connects students seeking educational loans with investors looking to fund these loans. Our services include:

Student loan applications and processing
Investment opportunity management
Payment processing and loan management
Platform administration and support

3. User Eligibility

To use our services, you must:

Be at least 18 years old
Have a valid South African ID or passport
Be a registered student at an accredited institution (for borrowers)
Have sufficient funds for investment (for investors)
Provide accurate and complete information

4. Loan Terms

For student borrowers:

Initial loan amount: R200
Subsequent loans increase by 25% with each successful repayment
Interest rate: 20% per annum
Repayment period: 30-90 days
Late payment penalties may apply

5. Investment Terms

For investors:

Minimum investment: R50
Expected return: Up to 20% annually
Investment duration: Matches loan term
Returns are not guaranteed and depend on loan repayment
Platform fees may apply

6. User Responsibilities

All users are responsible for:

Maintaining accurate and up-to-date information
Protecting their account credentials
Complying with all applicable laws and regulations
Timely repayment of loans (borrowers)
Understanding investment risks (investors)

7. Privacy and Data Protection

We are committed to protecting your privacy and personal information. Our data collection and usage practices are outlined in our Privacy Policy, which forms part of these terms.

8. Fees and Charges

SmartD Loans may charge the following fees:

Platform usage fees
Payment processing fees
Late payment penalties
Administrative fees for special services

All fees will be clearly disclosed before any transaction.

9. Dispute Resolution

In the event of disputes:

Users should first attempt to resolve issues through our support team
Unresolved disputes may be escalated to mediation
Legal proceedings may be initiated if necessary
South African law governs all disputes

10. Limitation of Liability

SmartD Loans is not liable for:

Investment losses or missed returns
Delays in loan processing or payments
Technical issues or platform downtime
Actions of third-party service providers
Force majeure events

11. Termination

We may terminate or suspend access to our services immediately, without prior notice, for any reason, including breach of these Terms of Service.

12. Changes to Terms

We reserve the right to modify these terms at any time. Users will be notified of significant changes, and continued use of the service constitutes acceptance of new terms.

13. Contact Information

For questions about these terms, please contact us:

Email: support@smartdloans.co.za
Phone: +27 (0) 11 123 4567
Address: 123 Finance Street, Johannesburg, South Africa