Creditbar Review
Short-term microcredit lender requiring standard income verification.
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Creditbar
NCR Reg: CP23238
Loan Amount
R500 – R5,000
Loan Term
7 – 45 days
Rate
From 0.178% per day (approx. 65% per year)
Type
Direct Lender
About Creditbar
Creditbar describes itself as an online lending company offering short-term microcredit "without deposit, lengthy registration procedures and checks," with loans from R500 to R5,000 over 7 to 45 days, at a stated rate of 0.178% per day — which Creditbar's own materials note works out to roughly 65% per year.
Creditbar is registered as CreditBar (Pty) Ltd, a South African company (registration no. 2026/213837/07) with National Credit Regulator registration listed as CP23238 in its own published information. Note that this differs in format from the four other NCR numbers stated by lenders on our panel, all of which include the "NCR" prefix (e.g. NCRCP20790) — worth verifying the exact registration number directly with Creditbar or via ncr.org.za before applying.
Bottom line: Creditbar suits applicants who can readily provide three months of bank statements and want a lender that discloses its rate in specific, checkable terms (0.178% per day, roughly 65% per year) rather than a vague "from" figure. Confirm the exact NCR registration number directly before applying, given the formatting difference from other lenders' published numbers.
Pros and things to check
Strengths
- South African-registered company with a stated NCR registration.
- Rate is disclosed with a specific daily figure and an approximate annualised equivalent (65% per year), which is more transparent than several other lenders' "from X%" framing.
Worth checking before you apply
- Requires three months of bank statements as part of its stated application requirements — have these ready before applying.
- The NCR number Creditbar publishes ("CP23238") is formatted differently from other lenders' registration numbers — confirm the exact, correct number directly with Creditbar or the NCR.
Eligibility
Creditbar states its requirements as: South African citizenship, an age between 18 and 65, a valid South African ID, bank statements showing three months of income, and a valid phone number.
How Creditbar compares on our panel
Creditbar is one of 8 direct lenders on our panel of 14 (6 others operate as loan-matching or aggregation services). It's one of 5 lenders with a published South African NCR registration number — the other 9 don't state one in their published information.
By maximum loan amount (R500 – R5,000), Creditbar ranks 7 of 11 lenders with a published range — roughly in the middle of what our panel offers.
See how Creditbar fits alongside relevant loan types: Small Loans, Payday Loans, Short-Term Loans, Bad Credit Loans, Compare All Lenders.
Alternatives to Creditbar on our panel
If Creditbar doesn't turn out to be the right fit, here are 3 other direct lenders on our panel worth comparing:
- Crediwise — R500 – R4,000, 5 – 35 days, Commission varies by amount and term.
- Jabulani Money — R500 – R4,000, Payday (repayable on your next salary date), Not published — confirm on application.
- LendPlus — R500 – R4,000, 5 – 35 days, 60% per year.
Questions worth asking Creditbar before you sign
- What is the exact total amount I'll repay, in Rand, including interest and all fees — not just the interest rate?
- Can you confirm your NCR registration number is still CP23238 and active?
- What happens if I repay early, or if I miss a payment — are there early settlement discounts or specific default charges?
- Is the pre-agreement quotation you've given me valid for the full 5 business days required by law, and does it match what I'm asked to sign?
A registered credit provider should be able to answer all four clearly and in writing. Hesitation, evasiveness, or pressure to sign immediately without a proper quotation is worth treating as a warning sign, regardless of which lender you're speaking to.
How this review was put together
Every figure on this page — loan amount, term, rate, and registration details — comes directly from Creditbar's own published information, not from an independent test application or a customer review survey. We don't hold star ratings or review counts for any lender, so we haven't published any here, and we don't accept payment from lenders to change what's written about them. For the most current terms, visit Creditbar directly using the link on this page, since a lender's own rates and criteria can change after this page was last reviewed.
Creditbar — frequently asked questions
How much can I borrow from Creditbar?
Creditbar states a loan range of R500 to R5,000, repayable over 7 to 45 days.
What's Creditbar's interest rate?
Creditbar states a rate from 0.178% per day, which it describes as approximately 65% per year.
What documents does Creditbar ask for?
A valid South African ID, three months of bank statements showing income, and a valid phone number, in addition to meeting its stated age (18–65) and citizenship requirements.