CreditBar: Cash Loans Online

CreditBar: Cash Loans Online

CreditBar is an online personal loan app for South Africans who need a small cash loan for an unexpected expense. Apply from your phone in about 10 minutes, get a decision within minutes, and receive the money directly to your bank account. CreditBar (Pty) Ltd is a registered credit provider (NCRCP23238) regulated by the National Credit Regulator.

Why CreditBar?
- 100% online: no branch visits, no paper forms
- Decision within minutes, payout to your bank account within 1 hour during business hours
- Clear pricing: all fees are shown in your loan agreement before you sign, no hidden charges
- Responsible lending: every application is assessed for affordability under the National Credit Act
- Repay early at any time with no early settlement penalty

Loan terms and cost of credit
- Loan amount: R500 to R5,000
- Repayment period: minimum 61 days, maximum 90 days
- Interest: 5% per month for new clients (3% for repeated)
- Maximum Annual Percentage Rate (APR): 60% (interest of 5% per month, as permitted by the National Credit Act)
- Initiation fee: up to R165 + 10% of the amount above R1,000 (excl. VAT), capped by the National Credit Act
- Monthly service fee: up to R60 (excl. VAT)
- All fees comply with the limits set by the National Credit Act 34 of 2005

Representative example
Loan amount: R2,000
Repayment period: 61 days
Interest at 5% per month: R200
Initiation fee incl. VAT: R304.75
Service fee incl. VAT (2 months): R138
Total cost of credit: R642.75
Total amount repayable: R2,642.75 in 2 instalments of R1,321.38
Amounts are indicative. Your actual offer depends on your affordability
assessment and is shown in full before you accept the loan.

Who can apply
- South African citizen or permanent resident, 21 years or older
- Regular income for the last 3 months (employed, self-employed or pensioner)
- Valid South African ID
- Bank account in your name
- Active mobile number

How it works
1. Install the app and register with your mobile number
2. Choose the amount and repayment period
3. Fill in the application and upload your bank statements for the last 3 months
4. Get a decision within minutes
5. Review and sign your loan agreement in the app
6. Receive the money in your bank account

In the app you can also check your balance, next payment date and repayment schedule, make payments and download statements.

Failure to pay on time may result in additional interest and collection costs as permitted by the National Credit Act, and may affect your credit record. Please borrow only what you can repay.

Credit provider: Credit Bar (Pty) Ltd, registration number 2026/213837/07, NCR registration number NCRCP23238
Address: The Estuaries Office 10, 1st Floor, Building 12 Oxbow Crescent, Century City, Cape Town, 7441
Email: [email protected] | Phone: +27 21 301 0526
Privacy policy: https://creditbar.co.za/privacy-policy