Creditum: loan details and how to apply
Free loan comparison tool that shows non-binding offers from NCR-registered lenders, from R500 to R500,000 over 6 to 72 months; it does not lend itself.
Updated 27 October 2026 · Checked by the Zaim.com editorial team
What Creditum is
Creditum (creditum.co.za) is an online loan comparison tool for South Africa. It is not a credit provider and does not lend money itself. You fill in one application and receive non-binding offers from lenders and banks. The site says it works with Myloan.co.za and with NCR-registered credit providers only, and that the comparison service is free of charge for consumers. The website is operated by Summarum Media Oy, a company registered in Finland. The footer also names Avica Group in Cape Town as the partner that provides the loan comparison.
Loan conditions at a glance
| Item | Details |
|---|---|
| Amount in the application | R500 to R500,000 |
| Repayment period | 6 to 72 months |
| APR (site disclosure) | 11% to 28%, maximum 28% |
| Cost to the applicant | Free to compare; lender fees apply to any loan |
| Credit score effect of comparing | None, according to the site |
| Minimum age | 18 years; a lender may require more |
Creditum does not set rates. The final amount, term and APR come from the individual offer made by the lender.
Who can apply
- You are at least 18 years old.
- You are a South African resident.
- You have a valid ID number.
- You have your own phone number and email address.
Lenders in the network apply their own criteria, so a lender may ask for proof of income, bank statements or a higher minimum age.
How to apply
- Choose the amount you need with the slider and enter your email address.
- Accept the terms of use and privacy policy and submit the form; the site says offers arrive in about two minutes.
- Compare the offers, which are non-binding, and ignore any that do not suit you.
- If you choose an offer, finish the application with that lender, who decides on the loan and pays it out.
What a loan can cost
Under the National Credit Act, the cost of a loan is made up of interest, an initiation fee and a monthly service fee. Creditum's own example: a loan of R30,000 over 36 months at a maximum annual interest rate of 28% would be about R1,360 a month including the initiation fee and monthly service fees. The site adds that rates may start as low as 11%. Use this only as an illustration; your lender's quote will differ.
Advantages and drawbacks
- One application instead of several, with several offers to compare.
- Free for consumers and no obligation to accept an offer.
- Only NCR-registered credit providers, according to the site.
- Comparing offers does not affect your credit score, the site says.
- Creditum does not decide on your loan, so approval is not guaranteed.
- Your details go to partner lenders and you may receive marketing by email, phone or SMS if you agreed to it.
- Some offers on the site are third-party advertising for which it may receive compensation.
- Repayments and queries about a loan are handled by the lender, not by Creditum.
Before you accept an offer
Read the credit agreement, check the total repayable amount, the APR and the due dates, and confirm that the lender is registered with the National Credit Regulator. Borrow only what your budget can carry. The site warns that applications are processed only through creditum.co.za and that it never asks for personal details by SMS or messaging apps.
Frequently asked questions
Is Creditum a lender?
No. Creditum is an online loan comparison tool and not a credit provider. Loans are issued by the lenders and banks whose offers you receive.
Is Creditum free to use?
Yes. The site says it does not charge consumers a service fee for comparing loan offers. Any interest and fees on a loan are set by the lender.
Does comparing offers affect my credit score?
According to the site, comparing offers through Creditum does not affect your credit score. A lender may run its own credit check if you proceed.
Do I have to accept an offer?
No. Offers are non-binding, and you can ignore any offer whose terms do not suit you.
What do I need to apply?
You must be at least 18, be a South African resident, have a valid ID number, and have your own phone number and email address. Lenders may ask for more.
What loan amounts and terms can I compare?
The application covers R500 to R500,000. The site states repayment periods of 6 to 72 months and APRs of 11% to 28%, depending on the lender and your profile.
| Official website | https://creditum.co.za |
| Legal name | Summarum Media Oy |
| Registered address | Säästöpankinranta 10 D, 00530 Helsinki, Finland |
| asiakaspalvelu@summarum.fi | |
| APR | From 11% to 28% |