There are over 8 thousand registered credit providers in South Africa.

    It’s become very difficult to spot which are legitimate and to trust.

    So, if you want to avoid being defrauded, read below for further security checks about the lender of your next credit.

    Let’s get started.

    How To Verify A Lender (Loan Provider)

    In fact, it’s very easy to verify a credit provider in South Africa.

    All lenders are registered with the National Credit Regulator (NCR) and must comply with the credit act for operating the business in South Africa.

    No loan provider in South Africa will offer you an interest rate that’s higher than the NCR proposed maximum rates.

    So, the NCR has a public database listing all the registered and active credit providers in the country.

    All you need to do is visit

    Click on the “Search for a Credit Provider” on the home page.

    Enter the name of the credit provider or the registration number and click the search button.

    If your personal loan provider isn’t listed in the search results (records found is zero), unfortunately, that’ll be an illegitimate credit provider.

    All registered lenders will be listed on the NCR website.

    To add, most credit providers in South Africa have their NCR numbers on the website for the public to find and verify. If your lender doesn’t offer it to you, you can already tell it may be a scammer.

    Contact the NCR call centre on 0860 627 627 for complaints and general inquiries.



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