Primeloans app
The PrimeLoans website advertises a mobile app for controlling your loan and links to both stores: a Google Play listing (package za.primeloans) and an App Store listing. We did not open the store pages, so we cannot describe the app's features in detail; the site presents it as a way to manage an existing loan.
You do not need the app to borrow. The application, signing and repayment all work in a mobile browser on primeloans.co.za. If you install the app, use only the links shown on the official website and never share your ID number, banking details or one-time PINs outside the official application flow.
Frequently asked questions
Is PrimeLoans a registered credit provider?
Yes. Prime Loans Technology (Pty) Ltd states on its website that it holds National Credit Regulator registration number NCRCP20937. You can verify this on the NCR website.
How much can I borrow from PrimeLoans?
New applicants can borrow up to R4,000 (the advertiser lists R500 to R4,000). According to the FAQ, amounts up to R8,000 are available to repeat customers only.
How long does approval and payout take?
The site says the review and transfer usually take from 15 minutes. During business hours payout can take from 15 minutes to 2 hours, and bank transfers may be delayed on weekends and outside banking hours. Choosing an eWallet gives an instant transfer.
What documents do I need?
Your cellphone number, ID number and a copy of your ID, your latest three bank statements and a payslip, and proof of residence.
Can I get a loan with bad credit?
The site says that approval depends on an affordability assessment and compliance with the lender's requirements. It does not state that a poor credit record rules you out, but you must have three months of verifiable income and not be under debt counselling or an administration order.
Can I postpone my repayment?
You can apply for an extension in your personal account, pay the accrued interest and fees and sign a new agreement. If you cannot pay, contact the company before the due date.
