Creditum app
No Creditum mobile app is mentioned on the official site, and a search for a Google Play listing found none. The site does not link to Google Play or the App Store.
You do not need an app to use the service. The website works in a mobile browser: choose the amount, enter your email address, compare the offers you receive and finish the application with the lender you pick.
The site warns users to beware of scammers and to apply only through creditum.co.za. Do not share your ID number, banking details or one-time PINs with anyone who contacts you by SMS or messaging apps claiming to represent the service.
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.
