87% of our Applicants Get Approved Each Day

Protection from fraud

Cherry loans' works within very strict guidelines in keeping your personal information safe and secure and protected from fraudsters.

We would like to forewarn you of the potential scams that fraudsters could do to try commit fraud. Please always be extremely aware of potential fraudsters and ensure that you take necessary precautions to protect yourself.

Top tips

  • Never give out your personal information if you cannot identify the company or person contacting you.
  • Never send money to a company or person if you don't recall previously applying with them.

Please note the following:

Cherry Loans will NEVER ask you for ANY fees whatsoever. Our service is 100% FREE. (An exception to this: Some lenders or brokers that we work may charge a loan fee, however, you will either be advised of this on OUR website during your application process, or the actual lender will personally advise you of any potential fees).

Clone firms

This is when a fraudster pretends to be Cherry Loans and makes contact with you demanding money to be paid upfront in order to get your loan paid out to you. If you have never applied with us before and you receive an email, SMS or phone call from someone claiming to be from Cherry Loans then this is a SCAM. These fraudsters often create false loan agreement documents to give the impression that your application has been fully approved. They then ask you to pay money into their bank account in order to get your loan paid out.

If you receive any emails, sms's letters, phone calls from anyone claiming to be from Cherry Loans stating that your loan has been fully approved, and asking you to pay money before the loan is paid to you, please immediately report this to us as well as www.scambuster.co.za