Frequently Asked Questions

 

What do I need to qualify for a loan?

You need to be a South African citizen and above 18 years of age. You also need to be employed and have a valid bank account.

How much can I borrow?

Clients are limited to a R 2,000 loan for up to one month.

How long before I receive the money?

We always make payments the same day that your loan is approved.  All payments are made directly into the same bank account that you use to receive your salary.

Do I need to be employed?

Yes, you need to be employed and earn a regular salary that is paid into your bank account.'

Will anyone be able to find out that I took a loan?

Of course not! Your privacy is of the utmost importance to us. We have a very strict Privacy Policy.

What if I have a bad credit record?

Part of the application process includes a credit check on your name, but if you have a bad credit record, it does not necessarily mean that we will not be able to assist you. We consider a lot of other factors as well, and if we feel comfortable that you will be able to repay the loan that you made, we will definitely consider your application.

Do I need a bank account or can I use a relative or friends 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 qualify for a loan if I have existing debt?

We always do a credit check and a financial needs analysis when you apply for a loan. This means that we evaluate your financial situation every time you apply. This enables us to lend you money, even if you have existing debt.

How do the repayments work?

When you apply for a loan, you can choose the period that you would like to repay the loan. We load a debit order on your account and every time you get paid an installment is deducted from your account. This means that you don't have to worry about making cash deposits or any other form of repayment arrangement.

What happens if I am not able to pay back the agreed installment in time?

if you fail to stick to your side of the deal, please contact us as soon as possible so that we can discuss your situation and work on a mutually beneficial outcome.  

Continued failure to repay a loan will also mean credit bureaus will record the outstanding debt. Records remain on file for a number of years after they are closed, whether settled by you or defaulted.

Who is GP Credit Online accredited with?

We are accredited with the National Credit Regulator and that enables us to provide short term loans to the whole of South Africa. We are fully compliant and active.

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