CreditoMax
CreditoMax is a free South African online loan-matching service connecting borrowers with NCR-registered lenders. Read how it works and how to verify licences on Creditdeals.io.
How to Repay a CreditoMax-Matched Loan: All Methods
Repayment is to the matched partner lender, not to CreditoMax. The standard South African repayment rails apply:
Repayment Methods
Day 1: penalty interest accrues; SMS reminder.
Day 1: penalty interest accrues; SMS reminder.
Day 3–7: second attempt at DebiCheck collection.
Day 3–7: second attempt at DebiCheck collection.
Day 30+: account flagged with the credit bureaux.
Day 30+: account flagged with the credit bureaux.
Day 60+: handover to internal or external collections.
Day 60+: handover to internal or external collections.
Day 90+: potential legal action and judgment.
Day 90+: potential legal action and judgment.
Early Repayment
Manual EFT works if your DebiCheck mandate fails or if you want to pay early. Use the loan reference shown in the partner lender's personal cabinet to ensure correct allocation.
Loan Extension
### Extension / postponement
Penalties
NCA Section 125 allows full early settlement at any time without penalty. The settlement amount = capital outstanding + interest accrued to settlement date + unpaid fees + insurance pro-rated.
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CreditoMax — Get Money Now
CreditoMax is a free South African online loan-matching service connecting borrowers with NCR-registered lenders. Read how it works and how to verify licences on Creditdeals.io.