LOAN HUB SA - ********

As may other South Africans, I have felt the severe pinch of the economy. I tried Loan Hub SA's website to obtain a loan and to my disgust, found just another organisation exploiting the financially challenged South Africans. They managed to find a loophole and they are exploiting it all the way. DO NOT APPLY FOR ANYTHING FROM THEM. If you read their terms and conditions, the minute you complete their web form, you effectively enter into a 11 month binding agreement with them (R399 deposit * R99 / month afterward) WITHOUT THEM ACTUALLY BEING OBLIGED TO PROVIDE YOU WITH ANYTHING AT ALL!!!!!!. They do have a cooling off period, but once again they have a loophole! 7 Days for electronic submissions & 30 Days for written applications. They make very sure to only start deducting funds via debit orders EXACTLY after the 7 days have passed. You have almost no legal recourse! And don't bother to try and contact them...They are all phantoms! it disgusts me that blatent exploitation like this is allowed!!!!