Welcome to CashZap. By using our website and services, you agree to comply with these Terms of Service. If you do not agree with these terms, please refrain from using our site or services.
These terms govern your use of the CashZap website, as well as any payday loan services offered by the platform, including loan applications and interactions with lenders.
2. Eligibility
To apply for a payday loan through CashZap, you must meet the following criteria:
Be at least 18 years old or the legal age of majority in your province or territory.
Be a Canadian resident.
Have a valid government-issued ID, proof of income, and an active Canadian bank account.
You must not be under active bankruptcy or other serious financial restrictions.
3. Use of Website
You agree to use the CashZap website for lawful purposes only. You are prohibited from using our site to:
Post or transmit illegal, harmful, or offensive content.
Interfere with the proper functioning of the website or services.
Attempt to access or retrieve information you are not authorized to access.
4. Loan Application Process
When you apply for a payday loan through CashZap, we may request information such as:
Personal details (name, address, date of birth).
Proof of employment and income (pay stubs, bank statements).
Bank account details for loan deposit and repayment purposes.
CashZap acts as an intermediary, connecting borrowers with third-party lenders. We do not provide loans directly. We make no guarantees regarding loan approval, as the lender will ultimately assess your eligibility.
5. Loan Terms and Fees
The terms of your payday loan, including loan amount, interest rates, and fees, will be set by the lender with whom you are matched. These terms may vary depending on your financial situation and the province in which you reside.
Typically, payday loan fees in Canada can range from $15 to $20 per $100 borrowed, depending on the province. You should review the loan agreement carefully before accepting any offer.
Repayment is due on your next payday, and failure to repay may result in additional fees, penalties, or legal actions.
6. Privacy Policy
We respect your privacy. By using CashZap, you agree to our Privacy Policy, which explains how we collect, use, and protect your personal data. We are committed to protecting your privacy in compliance with all relevant privacy laws.
7. No Guarantee of Loan Approval
While CashZap works to connect you with lenders who may offer payday loans, loan approval is never guaranteed. Lenders assess your application based on various factors, including income, credit history, and ability to repay.
8. Limitation of Liability
CashZap is not liable for:
Any loss or damage arising from the use or inability to use the website or services.
Any loan application, loan decision, or loan contract between you and a third-party lender.
Any errors, omissions, or inaccuracies on the website.
CashZap’s liability is limited to the maximum extent permitted by law, and in no event shall our liability exceed the amount you paid for using our services.
9. Termination of Service
We may suspend or terminate your access to CashZap at our sole discretion, with or without notice, if we believe you have violated these Terms of Service or engaged in fraudulent or harmful activities.
10. Governing Law
These Terms of Service are governed by and construed in accordance with the laws of Canada and your province of residence. Any disputes arising from these terms will be subject to the exclusive jurisdiction of the courts in your province.
11. Changes to Terms
CashZap reserves the right to modify these Terms of Service at any time. Any changes will be effective immediately upon posting on this page. We encourage you to review this page regularly to stay informed of any updates.