Creditomax — loans online in South Africa

Creditomax is a loan comparison platform in South Africa that connects borrowers with registered credit providers to offer personal loans ranging from R500 to R15,000. 

It operates as an online loan comparison service, not a direct lender, matching applicants with a network of NCR-registered (National Credit Regulator) lenders. Creditomax is ranked #2 out of 37 lenders assessed with a score of 8.3/10, reflecting strong performance across customer reviews, loan terms, transparency, and NCR registration. The platform offers flexibility with repayment terms from 1 day to 365 days, making it suitable for both urgent short-term needs and longer repayment periods.

Loan Terms

• Loan amount: from R500 to R15,000
• Loan Terms: from 61 days to 365 days
• APR from 3,65% to 180%

Borrower Requirements

• Be 18 years or older
• Have a South African ID document or Smart ID card
• Provide proof of regular income
• Submit 3 months of recent bank statements from primary account
• Have a valid South African bank account in your own name
• Provide a working email address and cellphone number
• Submit proof of address not older than 3 months

How It Works

Request Your Loan
Quick and hassle-free online loan application, with a response in less than 15 minutes

Verify Your Identity
You only need to be a resident of South Africa, between 18 and 75 years old, have an active South African bank account, an email address, and a mobile phone

Receive Your Online Loan
After your application is approved, your online loan will be transferred to your account in less than 24 hours!

How to Repay

Repayments are typically collected via automatic debit order from your bank account on the agreed payment date.

• Repayment terms, dates, and methods are set by the individual lender you\'re matched with.
• Contact your lender directly to arrange early settlement (terms vary by lender).
• For repayment issues, contact the specific lender directly (Creditomax doesn\'t handle repayments as it\'s a comparison platform)

For example, if you request a loan of 500 ZAR that will be repaid in 61 days with 180% interest rate per year, the total payment of the loan will be 583 ZAR.