Binixo never pays out funds — it compares, it does not lend. After you accept an offer, the partner lender whose agreement you signed transfers to your SA bank account.
Binixo is free to compare — verify each matched lender's NCRCP on ncr.org.za before signing.
How the payout process works
| Step | What happens |
|---|---|
| Matching | Binixo forwards your request to eligible partner lenders |
| Offer selection | You review and accept one lender's pre-agreement quotation |
| Lender verification | The chosen lender runs its own identity, affordability and credit checks |
| Agreement signed | You sign the lender's credit agreement electronically |
| Funds released | The lender — not Binixo — transfers the money to your bank account |
Binixo is free to compare — verify each matched lender's NCRCP on ncr.org.za before signing.
Typical timing
| Scenario | Expected timing |
|---|---|
| Approval during business hours | Often same business day |
| Approval outside banking hours | Next business day |
| Additional lender verification required | Until verification is complete |
Marketing says same-day funding is possible after acceptance, but release timing is controlled by your chosen lender — not Binixo.
Binixo is free to compare — verify each matched lender's NCRCP on ncr.org.za before signing.
Requirements for receiving funds
- Active SA bank account in your own name, matching ID
- Correct account and branch details with the lender
- Any extra verification the lender requires before release
Binixo is free to compare — verify each matched lender's NCRCP on ncr.org.za before signing.
If money has not arrived
- Confirm you signed the lender's credit agreement — not just the Binixo comparison form.
- Check bank account details were entered correctly.
- Contact the lender from your signed agreement — Binixo does not hold or release funds.
- If the lender is unresponsive, escalate to the National Credit Regulator.
Binixo is free to compare — verify each matched lender's NCRCP on ncr.org.za before signing.
FAQ — Receiving funds
Does Binixo pay out the loan itself? No — only the lender whose offer you accepted transfers funds.
Can funds be paid into someone else's account? No — network lenders pay only into an account matching the applicant's verified identity.