Two repayment routes: most use DebiCheck — automatic, tied to the mandate approved before payout.
Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign.
Repayment methods explained
| Method | How it works | Best for |
|---|---|---|
| DebiCheck debit order | Pre-authorised collection on your due date | Hands-free repayment |
| Manual EFT | You transfer from your own internet banking | One-off or early settlement |
| Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign. |
DebiCheck best practices
- Keep sufficient balance the day before due date — collections run early
- Do not reverse a legitimate DebiCheck without settling — triggers arrears and default interest
- Keep banking notifications on to see upcoming collection and top up if needed
Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign.
Early settlement
Under NCA Section 125, settle early any time without penalty. Request a settlement quote in your account or from support, then pay by EFT with your loan reference.
Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign.
If you cannot pay on time
Expect a shortfall? Contact CreditBar before the due date. Non-payment brings default interest, admin fees and bureau listings at TransUnion SA and Experian SA. Rolling short-term debt is a warning sign, not a fix.
Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign.
What happens with a missed payment
- Failed DebiCheck triggers bank return fee (R10–R35 typical) and default interest.
- Retry may follow within a few business days.
- Continued non-payment leads to negative bureau listing.
- Persistent default may go to collections or legal action.
Verify NCRCP23238 and CreditBar (Pty) Ltd on ncr.org.za before you share banking details or sign.
FAQ — How to repay
Can I repay CreditBar early without a penalty? Yes — NCA early settlement: interest for days used only, no prepayment penalty.
What if my DebiCheck fails due to insufficient funds? Bank return fee plus default interest. Contact support immediately to arrange manual payment.
Can I request a payment extension? Contact CreditBar before the due date — extensions are case-by-case, not automatic.
