Managing your repayments responsibly is key to maintaining a healthy credit profile. The DebiCheck system used by CenturyZA gives you control, as you must pre-authorize the exact amount and date of the debit order before the loan is paid out.
Repayment Best Practices
- Ensure Sufficient Funds: Always make sure there is enough money in your account the day before your scheduled DebiCheck collection date. Account for any monthly bank charges that might reduce your available balance.
- Do Not Reverse the DebiCheck: Reversing a legitimate DebiCheck mandate without settling the loan is a breach of contract and will lead to immediate arrears, penalties, and potential legal action.
- Communicate Early: If you experience an unexpected financial emergency and know you will not have sufficient funds on the repayment date, contact CenturyZA's collections or support team at 021 054 1057 before the debit order runs. They may be able to assist with a payment arrangement.
Short-term vs instalment repayment schedules
| Loan type | How repayment works |
|---|---|
| Short-term (5–37 days) | Single DebiCheck collection on the agreed due date |
| Instalment (1–6 months) | Monthly DebiCheck deductions on dates aligned to your salary cycle |
| Each collection must succeed on the authorised date. CenturyZA does not offer open-ended rollovers that compound principal — if cash flow tightens, call 021 054 1057 before the debit runs. |
Early settlement without penalty
The National Credit Act permits early settlement at any time. CenturyZA charges no early settlement penalty — you pay interest only for the days you actually held the loan. Request an official settlement quote via the client portal at centuryza.co.za or email info@centuryfinancialservices.net, then pay the quoted rand amount by EFT using your loan reference. Once cleared, your bureau profile should reflect a closed account within the standard reporting cycle at TransUnion SA and Experian SA.
