How CreditBar pays out approved loans
CreditBar disburses funds by EFT to the South African bank account you nominate during the application. The account must be in your own name and match your ID details.
| Step | What happens |
|---|---|
| Approval | Automated affordability and credit checks complete |
| Agreement | You review and accept the pre-agreement quotation |
| DebiCheck | You authorise the repayment mandate in your banking app |
| EFT release | CreditBar initiates transfer to your account |
Typical timing
| Scenario | Expected credit time |
|---|---|
| First loan, weekday before 15:00 SAST | Often within ~15 minutes |
| After banking cut-off | Next business day |
| Weekends / public holidays | Next business day |
Requirements for receipt
- Active SA bank account (FNB, Capitec, Absa, Nedbank, Standard Bank and others)
- Account holder name matches your ID
- DebiCheck mandate approved before payout
- No third-party accounts — funds cannot be sent to someone else's account
During business hours, CreditBar states funds can arrive within one hour after approval. Your bank's processing window may add a short delay.
If money has not arrived
- Confirm DebiCheck was approved in your banking app.
- Check that account number and branch details match your application.
- Contact CreditBar support if the delay exceeds one business day.