Crediwise: loan details and how to apply
NCR-registered online lender (NCRCP22496) offering short-term loans, with the amount and fees shown in a quotation before you sign.
Updated 27 October 2026 · Checked by the Zaim.com editorial team
What CrediWise is
CrediWise is an online short-term lender for South Africa operated by CrediWise Technology (Pty) Ltd, a private company with registration number 2025/543233/07. The site gives its National Credit Regulator registration number as NCRCP22496 and describes the business as a credit provider. It lends its own funds: you apply online, sign the agreement electronically and the money is paid into your bank account without visiting an office.
Loan conditions at a glance
| Item | Details |
|---|---|
| Loan amount | From R500; advertiser lists up to R4,000 (the FAQ mentions up to R8,000 for repeat customers only) |
| Repayment term | Advertiser lists 5 to 35 days; the loan calculator opens at 5 days |
| Cost | Interest, an initiation fee and a service fee, shown in your pre-agreement quotation; a late fee applies to late payments |
| Application time | About 7 minutes |
| Decision | Outcome within 15 minutes of submitting, per the Terms |
| Payout | 15 minutes to 2 hours in business hours |
| Repayment | DebiCheck debit order, or manual payment in your account |
Who can apply
- You are at least 18 years old and legally competent.
- You have a valid South African ID.
- You provide your latest 3 months of bank statements.
- You have a valid cell phone number, which is also used for the one-time password (OTP) when you log in.
How to apply
- Use the loan calculator to choose how much you need.
- Create an online profile and complete the application with accurate details for verification and the affordability check.
- Wait for an SMS confirmation once the application is approved.
- Accept the loan agreement and confirm the DebiCheck mandate in your banking app.
- The money is paid to your bank account.
What a loan can cost
CrediWise does not publish a rate table. The site says the fees depend on the amount and term and are set out in the pre-agreement statement and quotation you approve before the credit agreement is issued. Payments are applied first to interest, then to fees and charges, and then to the principal. A late fee applies if you pay after the due date.
Advantages and drawbacks
- Online application with a quick outcome and no office visit.
- The quotation is shown before you accept.
- Several repayment options, including Capitec Pay, Ozow and Pay@ stores.
- Phone support on weekdays and Saturday mornings.
- No rate or fee table is published before you apply.
- Short terms mean the full repayment is due within weeks.
- Higher amounts are reserved for repeat customers.
- The site says it cannot promise a loan in 5 minutes, and transfers can be delayed outside banking hours.
Before you accept an offer
Read the pre-agreement statement and quotation carefully. Under the National Credit Act the cost of a loan is made up of interest, an initiation fee and a monthly service fee, and a registered lender must assess whether you can afford the repayments. Borrow only what your budget can carry, and if you already struggle with repayments, consider speaking to a registered debt counsellor first.
Frequently asked questions
Is CrediWise a registered credit provider?
Yes. The site states that CrediWise Technology (Pty) Ltd is registered with the National Credit Regulator under NCRCP22496 and lists its company registration number as 2025/543233/07.
What do I need to apply?
A valid South African ID, your latest 3 months of bank statements and a valid cell phone number. The Terms require you to be at least 18 years old.
How long does approval take?
The Terms say you receive the outcome within 15 minutes of submitting. During business hours, processing takes from 15 minutes to 2 hours, and bank transfers can be delayed on weekends and outside banking hours.
How much can I borrow?
Amounts start from R500. The FAQ says the limit is R8,000 but only for repeat customers, so a first loan is usually smaller. The exact amount and fees are shown in your quotation.
How do I repay my loan?
Repayment is normally collected by DebiCheck debit order on the due date. You can also pay manually in your personal account, for example by Capitec Pay, Ozow or at a Pay@ store.
What if I pay late?
A late fee applies. If you cannot pay, call +27 71 539 4220 on weekdays from 8 AM to 5 PM to look for a payment solution.
| Official website | https://crediwise.co.za |
| Legal name | CrediWise Technology (Pty) Ltd |
| Credit provider registration | NCRCP22496 |
| Phone numbers | +27 71 539 4220 |
| support@crediwise.co.za |