CreditoMax

Loan amounts depend on your profile and affordability assessment. Typical ranges advertised by short-term lenders are R500 to R8,000. Your pre-agreement quotation shows the exact amount and total cost of credit.

Many NCR-registered fintech lenders disburse via EFT or RTC within minutes to a few hours on business days once your contract is signed and DebiCheck is authorised. Weekends and public holidays may add delay depending on your bank.

You usually need a valid South African ID, an active bank account in your name, proof of income (payslip or recent bank statements), and a mobile number for OTP verification. The lender must still run an NCA affordability assessment.

Under the NCA, you may settle early and pay interest only for the days used, unless your pre-agreement states otherwise. Request a settlement quotation from CreditoMax before paying early.

A missed DebiCheck debit can trigger bank fees and default interest within NCA limits. Defaults may be reported to TransUnion, Experian, or other bureaus. Contact CreditoMax before the due date if you expect a problem — debt review may be an option if you are over-indebted.

Short-term credit agreements in South Africa typically run up to 4–36 days for payday-style products. Your signed pre-agreement states the exact due date and total repayment in rand.