GP Credit Review Credit
Easy to apply
Approval time
No hidden condition
Renewal rules
Service quality
Customer support
Borrower requirements
  • You must be 18+
  • Reside in the SA and have a valid ID
  • Provide proof of your income
  • Have an active checking account
  • Bank account
  • Credit or Debit card
Contact information
Phone number: 012 323 7018
Shedule Monday - Friday
08:00 - 18:00

Are you looking for a reliable source of funding in South Africa? Well, look no further than GP Credit! We understand how stressful it can be to manage unexpected expenses or financial emergencies, and that’s why we offer a range of loan options to help you get back on track. Our friendly team is here to guide you through the process and ensure that you get the support you need. So, whether you need a small loan or a larger sum of money, GP Credit has got you covered. Stay tuned to learn more about our loan options and how we can help you achieve your financial goals.

Loan parameters
  • Loan amount
    R500 – R2,000
  • Interest
    19 %
  • Term
    1 – 90 days
  • Age
    18+ years

What are GP Credit Loans?

Are you in need of a loan? Do you need quick access to cash? GP Credit Loans may be the solution you’re looking for. In this blog post, we’ll go over everything you need to know about GP Credit Loans in South Africa.Firstly, what are GP Credit Loans? GP Credit is a financial services company that offers different types of loans to individuals in need of financial assistance. They are a registered credit provider and are fully compliant with the National Credit Act.

Now, let’s dive into the different types of loans that GP Credit offers.

Personal Loans

Personal loans are a type of loan that can be used for any purpose, such as paying off debt, home renovations or making a big purchase. GP Credit offers personal loans that range from R1000 to R150 000. The loan repayment terms are flexible and can range from 12 to 60 months. The benefit of a personal loan is that it gives you the flexibility to use the money for whatever purpose you need it for.

Payday Loans

Payday loans are designed for individuals who need quick access to cash before their next payday. GP Credit offers payday loans that range from R500 to R8000. The loan repayment terms are typically shorter than personal loans and are usually paid back within a month. The benefit of a payday loan is that it gives you access to cash when you need it the most.

Debt Consolidation Loans

Debt consolidation loans are designed to help individuals pay off their existing debts by consolidating them into one loan. GP Credit offers debt consolidation loans that range from R1000 to R150 000. The loan repayment terms are flexible and can range from 12 to 60 months. The benefit of a debt consolidation loan is that it simplifies the repayment process and can potentially save you money on interest payments.

Now that you know the different types of loans offered by GP Credit, let’s go over how to apply for a loan.

Step-by-Step Process:

  1. Visit the GP Credit website and fill out the online loan application form.
  2. Provide all necessary documentation such as ID, payslips, and bank statements.
  3. Your loan application will be assessed and you will receive a response within 24 hours.
  4. If your loan application is approved, the funds will be deposited into your bank account within 24 hours.

Tips and Advice:

  • Make sure you meet the eligibility criteria before applying for a loan.
  • Provide accurate and up-to-date information on your loan application.
  • Be honest about your financial situation and your ability to repay the loan.

Required Documents:

  • ID
  • Proof of income (payslips or bank statements)
  • Proof of address
  • Bank account details

GP Credit loan interest rates and fees

Are you in need of cash? GP Credit loans in South Africa can come in handy when you need emergency funds. However, before you jump into any loan agreement, it’s essential to understand the interest rates and fees associated with GP Credit loans.Interest Rates

The interest rate is the percentage of the amount you borrow that you’ll pay back as the cost of borrowing funds. GP Credit loans have an interest rate of between 28% and 60% per annum, which is higher than traditional bank loans. The interest rate you’ll be charged will depend on the amount you borrow, the loan term, and your creditworthiness.


In addition to interest, GP Credit loans come with fees that borrowers must pay. These fees vary depending on the lender and the type of loan. For GP Credit loans, the fees include an initiation fee, monthly service fee, and credit life insurance.

Initiation Fee: This is a once-off fee charged when you take out a loan. The initiation fee is 16.5% of the loan amount for loans of up to R1000, and 10% of the loan amount for loans above R1000.

Monthly Service Fee: This fee is charged every month to cover the cost of administering and maintaining the loan. GP Credit charges a monthly service fee of R69.

Credit Life Insurance: This is an insurance policy that covers your loan in the event of death, disability, or retrenchment. The credit life insurance fee is calculated as a percentage of the loan amount and is included in your monthly repayments.

Calculating Interest and Fees

The total cost of your GP Credit loan will depend on the amount you borrow, the loan term, and the interest rate and fees charged. To get an idea of how much you’ll pay, use a loan calculator or contact GP Credit for a loan quote.

GP Credit loan repayment options

GP Credit loans have become extremely popular in South Africa, thanks to their flexible lending options and affordable interest rates. If you have taken out a loan from GP Credit, you may be wondering about the repayment options available to you. In this blog post, we will discuss the different repayment options available to GP Credit borrowers, as well as their benefits and expected monthly payments.

Repayment Options Available to GP Credit Borrowers

  1. Fixed Installment Payment Plan: With this option, you pay a fixed amount each month for the duration of your loan. This option is great for borrowers who prefer to have a predictable payment schedule and want to avoid any surprises. The benefit of a fixed payment plan is that it allows you to budget your finances more effectively, as you will know exactly how much you need to pay each month.
  2. Graduated Payment Plan: With a graduated payment plan, your payments start off lower and gradually increase over time. This is a good option for borrowers who expect their income to increase in the future. The benefit of a graduated payment plan is that it allows you to start off with smaller payments, which can be helpful if you are just starting out in your career.
  3. Income-Based Repayment Plan: With this option, your monthly payment is based on your income. If you have a low income, your payments will be lower, and if you have a higher income, your payments will be higher. This option is great for borrowers who are currently experiencing financial difficulties but expect their income to increase in the future. The benefit of an income-based repayment plan is that it allows you to make lower payments when you are struggling financially.
  4. Interest-Only Payment Plan: With an interest-only payment plan, you only pay the interest on your loan each month. This option is good for borrowers who are currently experiencing financial difficulties and cannot afford to make full payments. The benefit of an interest-only payment plan is that it allows you to continue to make payments on your loan, even if you cannot afford to make full payments.

Expected Monthly Payments

The amount you can expect to pay each month will depend on the repayment option you choose and the amount of your loan. Here are some examples of monthly payments for different repayment options and loan amounts:

GP Credit offers several repayment options for borrowers, each with its own benefits and expected monthly payments. It is important to choose the option that best suits your financial situation and budget. By making regular and timely payments, you can repay your loan and avoid any additional fees or charges. If you have any questions about your repayment options, feel free to contact GP Credit for assistance.

Your comment

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Mandisa Palmer
Quickly consider a loan application and transfer money to an account
Matome Zwane
A fairly large directory of microfinance companies with online withdrawal of money to the card. They even work with salary cards, it is convenient then to give a loan with a salary
Nokuthula Fourie
I use not the first time and every time only positive reviews. Quickly issue the necessary money at low interest rates.
Lerato Nkosi
I appreciate the convenience of online loan services for those moments when I\'m short on cash. When an urgent payment arises, there\'s always a lending company ready to assist. While there\'s a slight premium to pay later, the interest rates are quite reasonable.
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