Privacy Policy

Terms and Conditions

Last updated: November 2025

Welcome to Midas Financial Solutions. By accessing our website or applying for a loan through our platform, you agree to the following terms and conditions. Please read them carefully before using our services.

1. Introduction

Midas Financial Solutions (“we”, “us”, “our”) provides short-term and payday loan services to clients within South Africa.
By using this website or submitting a loan application, you agree to be bound by these Terms and Conditions, our Privacy Policy, and any applicable laws and regulations governing credit in South Africa.

2. Eligibility

To apply for a loan, you must:

  • Be at least 18 years of age.
  • Be a South African citizen or permanent resident.
  • Have a valid South African ID.
  • Have a verifiable source of income.
  • Hold an active bank account.

We reserve the right to request proof of income, identification, and any additional documentation to verify eligibility.

3. Loan Applications

By submitting your loan application, you confirm that:

  • All information provided is true, accurate, and complete.
  • You give us consent to conduct a credit check and verify your financial information with registered South African credit bureaus.
  • You understand that submitting an application does not guarantee approval.

Loan approvals are subject to credit assessment, affordability, and verification in line with responsible lending practices.

4. Interest Rates and Fees

All interest rates, fees, and repayment terms are clearly stated before you accept any loan offer.
There are no hidden charges.
You agree to review and accept the full loan agreement before funds are released to your account.

5. Repayments

  • Repayments are automatically deducted from your nominated bank account on your next payday or agreed date.
  • You must ensure that sufficient funds are available to cover the scheduled repayment.
  • Late or missed payments may result in additional fees and negatively impact your credit score.

If you anticipate difficulty in making a payment, please contact us immediately to discuss alternative arrangements.

6. Default and Collection

If your loan goes into default, we reserve the right to engage a registered debt collection agency or take legal action to recover the outstanding amount.
All recovery processes will comply with the National Credit Act (NCA) and other South African laws.

7. Privacy and Data Protection

We value your privacy and protect your information under the Protection of Personal Information Act (POPIA).
By using our services, you consent to the collection and use of your data for credit assessment, loan processing, and verification purposes only.
We do not share your personal details with third parties except where required by law or to provide our service.

8. Disclaimer and Limitation of Liability

Midas Financial Solutions makes every effort to provide accurate and up-to-date information. However, we make no guarantees regarding loan approval or suitability for your financial circumstances.
We are not liable for any losses or damages arising from the use or inability to use our services or website.

9. Amendments to Terms

We may update or modify these Terms and Conditions at any time.
Changes take effect immediately once published on our website. Please review this page regularly to stay informed.

10. Governing Law

These Terms and Conditions are governed by the laws of the Republic of South Africa.
Any disputes arising will be subject to the jurisdiction of South African courts.

11. Contact Us

If you have questions about these Terms or your loan application, please contact:

Midas Financial Solutions
📍 Johannesburg, South Africa
📞 (011) 432-2465
📧 info@midasfinance.co.za
🌐 www.midasfinancial.co.za