Privacy Policy
Last Updated: November 2025
1. Introduction
Precision Loans, a division of Precision Africa Group (“we,” “us,” or “our”), is committed to protecting your privacy and ensuring that your personal information is processed securely and lawfully. This Privacy Policy explains how we collect, use, and safeguard your information in compliance with the Protection of Personal Information Act (POPIA) of South Africa.
2. Information We Collect
We may collect and process the following personal information when you interact with us:
Full name and contact details (email, phone number, address)
Identification documents (South African ID or passport)
Employment information (employer name, position, salary)
Financial information (bank statements, payslips, account details)
Communication records (emails, WhatsApp messages, or calls)
3. How We Use Your Information
Your personal information is collected for the following purposes:
To process and verify loan applications
To perform credit and affordability assessments
To manage loan agreements and repayments
To communicate regarding your loan status or account updates
To comply with legal and regulatory obligations
To improve our services and customer support experience
We will only process your information for purposes that are lawful, necessary, and relevant to your engagement with Precision Loans.
4. Sharing of Information
We may share your personal information with:
Your employer (for payroll deduction processing and verification)
Registered credit bureaus and regulatory authorities where required by law
Service providers who assist with IT, communication, or payment processing
Legal or compliance entities where disclosure is required by law
We do not sell or rent personal information to any third parties.
5. Data Security
We maintain strict technical and organizational safeguards to protect your information from unauthorized access, alteration, or loss. All data is stored securely and only accessed by authorized personnel.
6. Data Retention
Your personal data will be retained only as long as necessary to fulfill the purposes stated in this policy, or as required by financial and legal regulations.
7. Your Rights
Under the POPI Act, you have the right to:
Access and request copies of your personal data
Correct or update inaccurate information
Withdraw consent to data processing (where applicable)
Lodge a complaint with the Information Regulator of South Africa if you believe your data has been misused
8. Cookies and Website Tracking
Our website may use cookies or analytics tools to improve user experience. These do not collect personally identifiable information unless you provide it voluntarily.
9. Updates to This Policy
We may update this Privacy Policy periodically. The latest version will always be available on our website with an updated “Last Updated” date.
10. Contact Us
For any privacy-related queries or to exercise your rights under the POPI Act, please contact us:
Precision Loans (Precision Africa Group)
Email: admin@precisionafricagroup.co.za
Phone / WhatsApp: 062 802 4357 | 072 688 7271
Address: South Africa