How to apply for an online loan

Creditius is a partner of Creditum.co.za. Creditum is an online loan comparison tool and not a credit provider. Creditum partners with Myloan.co.za and only works with NCR-registered credit providers in South Africa. Our comparison service to consumers is free of charge. Estimated repayments on a loan of R30 000 over 36 months at a maximum annual interest rate (APR) of 28% would be R1 360 per month including an initiation fee and monthly service fees. Interest rates charged by credit providers may, however, start as low as 11%. Repayment terms can range from 6 to 72 months.

Minimum repayment period: 6 months · Maximum repayment period: 72 months · Annual Percentage Rate (APR): 11% to 28% · Maximum APR: 28%

How the Creditius application works

The Creditius application takes less than 30 seconds to begin. Pick the amount you want to borrow, enter your email address and click "Continue". You'll then be guided through a few more questions so partner lenders can show you suitable options.

What is an online loan application?

An online loan application is the process of requesting credit through a website instead of visiting a branch. You enter your details, the comparison service or lender reviews your information, and you receive loan options or a decision — all from your phone or computer.

Applying through Creditius is not the same as applying directly with one lender. You fill in your information once, and partner lenders that match your profile can present their offers. You're free to compare and decline — there is no obligation to accept.

Step-by-step: how to apply

Follow these simple steps to apply for an online loan through Creditius:

Step 1 — Choose your loan amount
Think about exactly how much you need. Borrowing more than necessary increases your total cost.

Step 2 — Enter your email address
You'll use this to receive your options and any follow-up communication.

Step 3 — Complete the short form
Provide basic details about your income, employment and monthly expenses. Accuracy matters here.

Step 4 — Review your options
You'll see loan options from partner lenders. Compare instalments, total repayment and fees.

Step 5 — Accept or decline
There's no obligation. Only continue if an offer truly fits your budget.

What you need before you apply

Having everything ready helps your application move quickly. Most consumers should prepare:

• a valid South African ID number
• a working email address and phone number
• proof of income (recent payslip or bank statement)
• your bank account details (where funds would be paid)
• a clear idea of your monthly income and expenses

You don't need to upload everything to start — Creditius only needs basic information to show you options. Additional documents may be requested later by the chosen lender.

Who can apply?

Eligibility depends on each lender, but in general you should be:

Even if you meet these, approval is never guaranteed — credit providers must still complete affordability checks before granting credit.

How affordability checks work

In South Africa, credit providers have a legal duty to assess affordability before granting credit. This protects you from taking on a loan you can't comfortably repay.

During your application you may be asked for:

• income information
• existing debt obligations
• bank statements or payslips (in some cases)

This is normal and part of responsible lending. Honest, accurate answers help you get an offer that genuinely fits your budget.

What happens after you apply

Once you submit your application:

• partner lenders review your information
• you receive loan options that match your profile
• you can compare instalments, fees and total repayment
• if you accept an offer, the lender finalises the agreement
• once signed, funds are typically paid to your bank account

Payout time depends on the lender, your bank, and how quickly you complete any final steps.

How to compare your loan options

When you see your options, don't just look at the headline rate. Compare:

• monthly instalment
• total repayment
• APR / total cost of credit (if shown)
• fees (initiation + monthly service fee)

Smart checklist before you accept an offer

Before you sign, walk through these questions:

1. Can I afford the instalment every month?
   Plan for a normal month, not your best month.

2. What is the total repayment?
   A lower instalment can hide a higher total cost if the term is long.

3. Are there monthly fees?
   Small monthly fees add up over time.

4. Can I settle early?
   Some agreements allow early settlement (always read the terms).

5. Is this for a need or a want?
   If it's not urgent, saving may be cheaper than borrowing.

Tips for a smooth application

A few small habits can make your application faster and more successful:

• double-check spelling of your name, ID and email
• use the same details that match your bank account
• be honest about income and expenses
• have your documents ready in advance
• apply from a stable internet connection

Common application mistakes to avoid

• Entering wrong details, which delays verification
• Overstating income or understating expenses
• Applying for more than you need because it's available
• Choosing the longest term just to get the lowest instalment
• Ignoring fees and focusing only on the interest rate

FAQ

How long does the application take?

The Creditius form takes less than 30 seconds to start, and only a few minutes to complete in full.

Does applying affect my credit score?

Submitting your details to Creditius is to view options. A formal credit check usually happens once you proceed with a specific lender. Always read the lender's terms.

Is the application free?

Yes, Creditius's comparison service is free of charge to consumers.

What if I'm declined?

Approval depends on affordability checks and lender criteria. If declined, review your budget, reduce existing debt where possible, and avoid applying repeatedly in a short period.

Do I have to accept an offer?

No. Viewing options through Creditius comes with no obligation. Only accept an offer that truly fits your budget.