| Parameter | Value |
|---|---|
| Amount | Up to R10 000 (varies per partner; short-term tier often starts at R500) |
| Term | Short-term, typically 1 – 6 months (partner-dependent) |
| Interest rate | Within NCA caps (typically up to 5% per month on short-term ≤ R8 000 first agreements) |
| Initiation fee | NCR cap — up to R165 + 10% of amount above R1 000 (max R1 207.50 incl. VAT) |
| Monthly service fee | Up to R69 incl. VAT |
| Credit life insurance | Optional, NCR-capped premium |
| Disbursement | Less than 24 hours via the matched lender |
| Currency | ZAR |
Eligibility (CreditoMax-published)
- South African resident.
- Between 18 and 75 years old.
- Active South African bank account in own name.
- Active email address.
- Active mobile phone for OTP.
Cost-of-credit example
For an illustrative R6 000 loan over 90 days at the mid-range short-term band:
- Capital: R6 000
- Interest (illustrative) ≈ R900
- Initiation fee = R165 + 10% × (R6 000 − R1 000) = R665
- Service fee (3 × R69) = R207
- Credit life insurance (optional) ≈ R36
- Total cost of credit ≈ R1 808
- Total repayable ≈ R7 808
Risk warning. This example is illustrative only. Actual APR, fees and instalment depend on the matched partner lender's affordability assessment. Short-term credit is expensive on an annualised basis — read your pre-agreement quotation carefully.