NCR registration · South Africa
NCR Registration for new lenders
In South Africa, anyone who lends money or sells on credit (cash loans, microlending, furniture or car sales on account) must be registered with the National Credit Regulator (NCR) before offering credit. VantiPay helps you get registered and then sets you up on our systems to run your loan book.
VantiPay is not the National Credit Regulator. Registration decisions are made by the NCR.
Who it is for
Who needs to register as a credit provider
NCR registration is for businesses that are about to offer credit in South Africa, including:
- New microlenders
- Cash loan businesses
- Furniture stores selling on account
- Car dealerships selling on account
- Retailers selling on account
Documents
What you need for NCR registration
Have these ready before the application is submitted:
- Company registration documents (CoR 14.3)
- Bank confirmation letter
- Fingerprint clearance (Police or PostNet)
- Certified ID copies of directors
- Company share certificate
- SARS registration letter or tax clearance
The process
How to register with the NCR
- 1Enquire. Tell us you want to register as a credit provider.
- 2We check your documents. We look through what you send and tell you if anything is missing.
- 3Your application is submitted through our registration partner.
- 4Once registered, we set you up on VantiPay (Loan Management System, Credit Engine, VantiScan).
Timing
How long NCR registration takes
Registration with the NCR usually takes several weeks. How long it takes depends on the NCR. We do not promise a date.
FAQ
Questions about NCR registration
Do I need to register with the NCR to lend money?
Yes. In South Africa, anyone who lends money or sells on credit must be registered with the National Credit Regulator before offering credit. That includes cash loans, microlending, and furniture or car sales on account.
Is there a minimum loan book before registering?
No. Registration is required before you offer credit, regardless of size.
What documents do I need for NCR registration?
Company registration documents (CoR 14.3), a bank confirmation letter, fingerprint clearance from the Police or PostNet, certified ID copies of the directors, the company share certificate, and a SARS registration letter or tax clearance.
How long does NCR registration take?
Registration with the NCR usually takes several weeks. How long it takes depends on the NCR. We do not promise a date.
Can you also give me software to run my loans?
Yes. Once you are registered, we set you up on VantiPay: the Loan Management System, Credit Engine, and VantiScan.
Once you are registered
After you're registered
Registered credit providers must display their certificate, show their NCR number on agreements, renew annually and submit regular reports to the NCR. VantiPay's Loan Management System helps keep your records and reports organised.
Official sources
Official NCR information
Want to read more? These official sources explain credit provider registration in South Africa.
National Credit Regulator (NCR) website
The official regulator for credit in South Africa.
NCR Registrations
How credit provider registration works.
Credit provider compliance
What registered lenders must keep up with, such as reports and returns.
Check a registered credit provider
Search the NCR's public register.
National Credit Act 34 of 2005
The law behind registration.
Enquire about NCR registration.
Tell us about the business you want to start. We will say what is missing from your documents, and what happens next.