Frequently Asked Questions
How much can I borrow?
You will be able to apply for an amount of up to R5000 over 3 months depending on your financial situation
What do I need to qualify for a payday loan?
- Must be at least 18 years old
- South African ID document
- Valid email adress
- Must be employed
- Valid SA bank account
How long before I have the money?
We make payments the same day that your loan is approved. It depends on your bank when the money will be available to you (usually within 24hrs). We also offer a debit card to our clients were your money will be available immediately.
Do I need to be employed?
Yes, you need to be employed and earn a regular salary that is paid into your bank account.
Do I need a bank account or can I use a relative or friend’s account?
You need to have an active bank account that is registered in your name. We will not be able to make any payments to a 3rd party bank account.
Can I apply even if I have existing debt?
We wil evaluate your financial situation every time you apply. This enables us to lend you money, even if you have existing debt. It is very important that you give us true and accurate information in your application. Please also carefully read the terms and conditions.
How does repayment of the loan work?
When you accept the terms of the loan agreement we will send you a debicheck request to approve your installment collections from your account on your pay day. You will need to accept and approve this debit order on your banking app or nearest ATM before the loan will be paid out. This means that you don’t have to worry about making cash deposits or any other form of repayment arrangement; everything can be done automatically for your convenience.
Is it safe to give all the required information to Credit Home?
Yes it definitely is. Please go to our privacy policy where you can read more about exactly what we do with your information.
How am I protected, are you accredited?
Credit Home (Pty)Ltd is fully compliant and registered with the National Credit Regulator (NCR). We are also a member of Microfinance South Africa (MFSA) This gives our clients assurance and piece of mind when using our short term loans and services.