All CreditBar loans follow the NCA. CreditBar (Pty) Ltd (NCRCP23238) must show total cost of credit in a pre-agreement quotation before you sign — read it fully.
Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign.
Key parameters
| Parameter | Value |
|---|---|
| Minimum amount | R500 |
| Maximum amount | R5,000 |
| Minimum term | 7 days |
| Maximum term | 61 days |
| Maximum interest | 5% per month (NCA cap for short-term credit) |
| Initiation fee | NCA-regulated — up to 15% on the first R1,000 plus 10% on the remainder, plus VAT |
| Monthly service fee | Up to R69 + VAT |
| Collateral | None required |
| Repayment | DebiCheck debit order or manual EFT |
| Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign. |
Example cost breakdown
Example: R2,000 over 30 days:
| Cost component | Amount (ZAR) |
|---|---|
| Loan principal | R2,000.00 |
| Interest (5% per month) | R100.00 |
| Initiation fee (NCA cap) | ≈ R250.00 |
| Monthly service fee | R69.00 |
| Estimated total repayable | ≈ R2,419.00 |
| Binding figures are in your pre-agreement quotation — this table is illustrative only. |
Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign.
Requirements to qualify
- SA citizen or permanent resident
- Age 18+
- Valid SA ID (green book or smart card)
- Active SA bank account in your own name
- Stable, verifiable income
- Three months of bank statements for affordability
Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign.
Affordability assessment
Under the NCA, CreditBar must confirm you can afford the loan after essentials and existing debt — hence three months of statements, not a single payslip. Bureau data from TransUnion SA, Experian SA or other NCR-recognised bureaus may be used.
Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign.
Risk warning
Short-term credit is costly when used repeatedly. Borrow only what you can repay on time. A missed DebiCheck triggers bank return fees, default interest and bureau listings.
Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign.
FAQ — Terms
What is the most I can borrow from CreditBar? R5,000 on the current tier, up to 61 days.
Does CreditBar charge fees before I get the loan? No — NCR-registered lenders including CreditBar cannot charge upfront fees. Advance payment requests are scams.
Can I settle my CreditBar loan early? Yes — NCA Section 125 allows early settlement any time with no prepayment penalty.
