ClickCredit - Apply for payday loan online, instant approval

1. ClickCredit Loan Terms
2. Requirements for a ClickCredit Loan
3. Documents and Information Required
4. How to Apply for a ClickCredit Loan
5. How ClickCredit Pays Out the Loan
6. How to Repay a ClickCredit Loan
7. Early Repayment
8. What Happens if a Payment Is Late?
9. Repeat ClickCredit Loans

ClickCredit is a South African online short-term credit provider offering small loans that can be applied for entirely online. The service is operated by Altera Digital Services (Pty) Ltd, company registration number 2026/189260/07, and is registered with the National Credit Regulator under NCRCP23242.

Applicants choose the required amount and repayment period, complete identity and affordability checks, sign the credit agreement electronically and, if approved, receive the money into a verified bank account.

ClickCredit Loan Terms

• Loan amount: R500 to R8,000.
• Repayment term: from 5 to 40 days, depending on the available offer.
• Interest rate: up to 5% per month for the first short-term credit agreement and up to 3% per month for subsequent qualifying short-term agreements.
• Collateral: not required for ClickCredit's short-term unsecured loans.
• Payout: to the applicant's successfully verified bank account.

The final interest, fees, total repayment amount and due date form part of the individual credit agreement. The calculator and preliminary application screens do not constitute a guaranteed credit offer.

Requirements for a ClickCredit Loan

An applicant must:

• Be at least 18 years old.
• Be a South African citizen or permanent resident.
• Have a personal bank account.
• Provide a South African mobile number.
• Provide personal and residential information.
• Provide income, employment and expense information.
• Pass identity and bank-account verification.
• Pass an affordability assessment.
• Pass ClickCredit's credit and risk assessment.

ClickCredit may decline an application due to insufficient affordability, adverse credit information, debt review, an administration order, sequestration, identity or bank-account mismatch, fraud concerns or other risk restrictions.

Documents and Information Required

Depending on the application and verification method, ClickCredit may require:

• South African ID or passport.
• Proof of address.
• Recent payslip or other proof of income.
• Up to three months of bank statements or transaction data.
• Personal bank account details.
• Employment details.
• Income and monthly expense details.

Identity verification may also involve a selfie, biometric facial verification and liveness checks. Bank information can be verified electronically, and ClickCredit may analyse up to 90 days of transaction data as part of its affordability assessment.

How to Apply for a ClickCredit Loan

The application process is completed online:

1. Choose the loan amount and available repayment term.
2. Enter your South African mobile number and confirm it by OTP.
3. Provide your personal and residential details.
4. Enter employment, income and expense information.
5. Provide and verify your bank account.
6. Upload bank statements or allow the required bank-data verification.
7. Complete identity and biometric verification where requested.
8. Allow ClickCredit to perform affordability and credit bureau checks.
9. Review the pre-agreement statement and quotation.
10. Sign the credit agreement electronically.
11. Approve the DebiCheck mandate where required.
12. Once finally approved, the loan is paid into the verified bank account.

A completed application can receive a decision on the same day. ClickCredit also indicates that some applications can be processed in approximately 20–30 minutes, although the actual processing and payout time depends on successful verification, approval and banking processes.

How ClickCredit Pays Out the Loan

Approved funds are transferred directly into the bank account that passed ClickCredit's verification process. A mismatch between the applicant's identity and bank-account information can prevent the application from proceeding.

Funds may be transferred on the same day after approval, but the time at which they reflect in the account can also depend on the receiving bank and third-party payment systems.

How to Repay a ClickCredit Loan

ClickCredit supports several repayment methods, depending on the individual credit agreement and the options available to the borrower:

• DebiCheck;
• debit order;
• EFT;
• card payment;
• an approved payment service provider;
• another payment method made available through the ClickCredit platform.

DebiCheck may need to be authenticated through the borrower's banking app or another bank channel before the loan can be paid out. The borrower must ensure that enough money is available for repayment by the date specified in the credit agreement.

The customer portal can display the current amount owed, repayment amount, next payment date and any overdue balance.

Early Repayment

ClickCredit provides payment and settlement functionality through its customer platform. The amount required to settle a particular loan is determined according to the borrower's credit agreement and the outstanding balance at that time. Payments can be made using the payment methods made available by ClickCredit.

What Happens if a Payment Is Late?

Borrowers are responsible for making the agreed repayment by the due date. When an account becomes overdue, ClickCredit may send repayment reminders, overdue notices, pre-collection notices and collection communications by SMS, email, WhatsApp or another permitted channel.

The company may use debt collectors, attorneys, tracing agents and other collection service providers where permitted. Legal and collection action remains subject to the National Credit Act and the individual credit agreement.

Late repayment may also negatively affect the borrower's credit profile, making future borrowing more difficult.

Repeat ClickCredit Loans

Previous approval does not guarantee another ClickCredit loan. A repeat applicant may need to complete the application information again, provide updated bank statements, give new consents and undergo another affordability and credit assessment.

Following a declined application, ClickCredit may impose a waiting period before another application can be submitted. Repeated unsuccessful applications may also result in a temporary block; for example, ten consecutive unsuccessful applications