Canceling the loan application

I app**** for a loan yesterday and approved my debit order mandate on my banking app today. However, because I have changed my mind,I wrote to the support...... email and instantly got a response with an official cancellation letter I can use to submit my cancellation request. I have read the cancellation terms on the letter, which state that the R250 subscription fee will be deducted on the day I mentioned and that that's when the cancellation will take effect. So far, I am pleased with the service, I think that reading the terms and conditions documents is of paramount importance, before submitting an application, to weigh your compliance chances with their service so that you do not feel unfairly treated in the end.