CashGist - Quick microfinance loans

1. CashGist Loan Terms
2. CashGist Loan Requirements
3. How to Apply for a CashGist Loan
4. How to Repay a CashGist Loan
5. Other CashGist Loan Conditions
6. CashGist Features

CashGist is a South African online credit provider offering short-term, unsecured loans without branch visits or collateral. Borrowers can apply online, complete income verification and receive approved funds into a bank account or eWallet.

Operated by CashGist (Pty) Ltd, the company is registered with the National Credit Regulator (NCRCP22122).

CashGist Loan Terms

• Loan amount R500 to R4,000
• Loan type Short-term, unsecured cash loans
• Application fees Free application, with no upfront approval, registration or insurance fees.
• Late payment fees A late fee is charged on overdue repayments.
• Loan agreement Approved applicants receive a pre-agreement statement and quotation to review before accepting the credit agreement.

The loan amount offered depends on an individual assessment of the applicant's income, expenses and credit profile.

CashGist Loan Requirements

To apply for a CashGist loan, you must meet the following requirements:

• Be a South African citizen aged 21 or older.
• Have a valid South African ID.
• Have an active South African bank account.
• Have access to internet banking.
• Provide a valid email address and active mobile number.
• Have a regular, verifiable income.
• Provide employment and banking details.

Submit a bank statement covering the last three months and showing three salary deposits.

Bank statements must be submitted in PDF format, include the applicant's name and bank account details, and contain all pages. Screenshots and incomplete documents may be rejected.

CashGist conducts an affordability assessment to verify income and expenses. Meeting the eligibility criteria does not guarantee approval.

How to Apply for a CashGist Loan

The CashGist application process is completed online and generally takes 5–10 minutes.

1. Visit cashgist.co.za and select the amount you wish to borrow using the loan slider.
2. Create your CashGist account and complete the online application.
3. Enter your personal information, SA ID number, contact details, employment information and banking details.
4. Upload your three-month bank statement showing three salary deposits.
5. Submit your application for income verification and affordability assessment.
6. If approved, review your pre-agreement statement, quotation and credit agreement.
7. Complete the required agreement steps and receive the funds through your selected payout method.

CashGist aims to provide application decisions within approximately 15 minutes, although additional verification can increase processing time.

Approved loans are usually paid out within one hour during business hours. Bank transfers may take longer, particularly outside normal banking hours or on weekends. CashGist also offers an eWallet payout option for faster access to funds outside banking hours.

Applicants can monitor their application status through their personal CashGist account.

How to Repay a CashGist Loan

CashGist supports automatic and manual repayments.

Automatic debit order

When a loan is issued, CashGist arranges a debit order to collect the repayment from the borrower's verified bank account on the agreed due date.

The company uses DebiCheck, allowing borrowers to electronically confirm their debit-order authorisation with their bank.

Online repayment through Ozow

Borrowers can make manual payments through CashGist's payment partner, Ozow. This option is available for early repayment or when an automatic debit order fails.

To pay through Ozow:

1. Log in to your CashGist account.
2. Select Repay online.
3. Choose your bank from the available options.
4. Log in securely through the Ozow payment platform.
5. Select the account you want to pay from.
6. Review and confirm the transaction.

CashGist updates the loan account after the online payment is completed.

Bank transfer

Electronic funds transfers (EFT) are also accepted. Borrowers should use the payment details provided by CashGist.

The personal account provides access to the outstanding balance, repayment date, statements and available payment methods.

Other CashGist Loan Conditions

Early repayment

CashGist allows borrowers to repay their loans before the scheduled due date without an early settlement penalty. If a partial early payment leaves an outstanding balance, the remaining amount is still due on the agreed repayment date.

Borrowers can request a settlement quotation through their CashGist account.

Loan extensions

CashGist does not currently offer loan extensions or payment extensions.

Late or missed repayments

Overdue payments attract late fees and may affect eligibility for future CashGist loans. Continued non-payment may also lead to collection activity.

Borrowers experiencing repayment difficulties should contact CashGist support as soon as possible to discuss their circumstances.

Loan cancellation

A loan that has already been approved and paid out cannot be cancelled. However, borrowers who no longer need the funds can repay the loan early without an early settlement penalty.

Additional loans

CashGist allows only one active loan per customer. Once an existing loan is fully repaid, the borrower can immediately submit another application, subject to a new assessment.

CashGist Features

CashGist combines online loan applications, income verification and account management on a mobile-friendly platform.

Its main features include:

• Bank account and eWallet payouts: Approved funds can be received through either supported payout method.
• 24/7 eWallet payouts: The eWallet option allows access to funds outside standard banking hours.
• Personal customer account: Borrowers can check balances, view credit history, access statements and request settlement documents.
• DebiCheck verification: Customers authorise debit-order arrangements electronically through their bank.
• Returning-customer programmes: CashGist runs promotions and loyalty programmes for returning clients.
• Customer support: Assistance is available by phone, email, live chat and Facebook.

CashGist's company registration number is 2025/261103/07, and its NCR registration number is NCRCP22122.