Prime Loans: is it legit? Requirements, costs and calculator
Yes: Prime Loans is a registered credit provider, NCR registration NCRCP20937 (we last checked its terms on 2026-09-30). Prime Loans (PrimeLoans Short-Term Loan): R 500 – R 4 000 over 5 – 35 days. Also written PrimeLoans. The figures below come from the provider’s terms.
What it costs
Rates and the full cost of credit are shown by the lender before you sign. The legal limits on interest and fees, and a representative example from another provider we list, are in the box below.
PrimeLoans loan calculator
PrimeLoans does not publish its rate, so this works out the most a loan from PrimeLoans may cost under the National Credit Act. Its real quote may be lower, never higher.
R2 000.00 may cost you at most R472.38
This is a short-term loan under the National Credit Act (up to R8 000, repaid within six months). Interest is capped at 5% a month — 60% a year.
- Interest
- R98.63
- Initiation fee
- R265.00
- Service fee (R60 × 1 month)
- R60.00
- VAT on the fees, if the lender adds it
- R48.75
- The most it may cost
- R472.38
- The most you may repay in total
- R2 472.38
If this is not your first short-term loan this calendar year, interest is capped at 3% a month: R59.18 instead of R98.63.
Credit life insurance, if the lender requires it, comes on top and is capped separately. Many offers cost less than the maximum: the provider must show you the full cost in a quote before you sign.
Is PrimeLoans a registered credit provider?
Yes. PrimeLoans is registered with the National Credit Regulator under NCRCP20937. You can look the number up on the National Credit Regulator register. If a provider is not on that register, it may not lend to you, whatever it says. A registered lender never asks for a fee before it pays out a loan.
We last checked PrimeLoans’s terms on 2026-09-30.
PrimeLoans loan requirements
PrimeLoans lists these requirements:
- South African ID
- Employed for at least 3 months
- Bank statement showing 3 months of income
On top of its own list, PrimeLoans must check that you can afford the repayments: it looks at your income, your existing debt repayments and your living costs, and at your record with the credit bureaus. Lending to someone who clearly cannot afford it is reckless lending under the National Credit Act.
How to apply for a PrimeLoans loan
- Check whether PrimeLoans is open to you: answer a few questions on RandScout. It takes about two minutes and does not touch your credit record. If PrimeLoans fits your answers, it appears in your results.
- Open the offer and apply on PrimeLoans's own website. Have your ID, your bank details and proof of income ready.
- PrimeLoans runs an affordability assessment and checks your credit record, as every registered lender must under the National Credit Act.
- Read the pre-agreement statement and quotation: the amount, the term, every fee and the total you repay. Accept only if the total fits your budget.
- If you accept, the money is paid into your bank account, and PrimeLoans usually collects the repayment by debit order on the agreed date.
PrimeLoans login and existing loans
If you already have a loan, sign in on PrimeLoans’s own site: PrimeLoans login page. Repayments, settlement amounts, a new loan or a change of bank details go through that page or through PrimeLoans directly. RandScout cannot see or change your account.
PrimeLoans also has its own app: Google Play and App Store. Install it only through the store link on PrimeLoans’s own website: copies of well-known loan apps under other developers’ names are a common scam.
Check the address before you type your password: it must be on PrimeLoans’s own website. No registered lender needs your banking PIN or a fee before it pays out, so a message that asks for either is a scam.
What customers say about PrimeLoans
Customers review PrimeLoans on Hellopeter, South Africa’s largest review site. Read the most recent reviews before you apply, above all about repayment dates, fees and how complaints were handled. RandScout does not collect, filter or edit these reviews, and the provider’s rating there does not change where it appears for you.
Who PrimeLoans may suit
- You need R 500 – R 4 000 and can repay it within 5 – 35 days.
- Your income is paid into a bank account on a predictable date.
- You have checked that the repayment still fits after your other debit orders and living costs.
If you need more, or longer to repay, compare personal loans from registered providers instead. A short loan repaid on time costs far less than one that rolls over.
Alternatives to PrimeLoans
- CreditBar loans: R 500 – R 5 000 over 7 – 61 days. Rates and the full cost of credit are shown by the lender before you sign.
- Jabulani Money loans: R 500 – R 4 000. Rates and the full cost of credit are shown by the lender before you sign.
- Kredio loans: R 500 – R 8 000 over 7 – 61 days. Rates and the full cost of credit are shown by the lender before you sign.
Every provider we list is on our list of credit providers, with its registration number.
Questions about PrimeLoans
Is PrimeLoans legit?
PrimeLoans is a credit provider registered with the National Credit Regulator under NCRCP20937. You can check the number yourself on the NCR register at ncr.org.za. RandScout is not PrimeLoans and is not a lender.
How much can I borrow from PrimeLoans?
PrimeLoans lends R 500 – R 4 000 over 5 – 35 days. What you are offered follows from its affordability assessment, so it may be less than you ask for, especially on a first loan.
How long do I have to repay a PrimeLoans loan?
PrimeLoans offers terms of 5 – 35 days. The shortest period in which you repay the loan in full is 5 days. A shorter term costs less in interest and fees; a longer one lowers each repayment.
What does a PrimeLoans loan cost?
PrimeLoans does not publish a rate or a representative example; it shows the full cost in a quote before you sign. By law, R2 000.00 over 30 days may cost at most R472.38 — the calculator above works it out for your amount.
Can I get a PrimeLoans loan with a poor credit record?
PrimeLoans decides that itself and does not publish a rule we could quote. Every registered lender checks your credit record and may not lend if you cannot afford the repayments. RandScout shows PrimeLoans only when your answers fit who it lends to; if they do not, we show providers that may consider you.
Does PrimeLoans do credit checks?
Yes. Before it lends, PrimeLoans must check your record at the credit bureaus and whether you can afford the repayments — the National Credit Act requires it of every registered lender. A provider that promises a loan without any check is not following the Act.
Does checking on RandScout affect my credit score?
No. Our questions do not run a credit check and leave no record at a credit bureau. PrimeLoans checks your credit record only when you apply with it.
PrimeLoans checks your application and your credit record and decides. Each application leaves an enquiry on your record, so check the requirements above first.
Who we are and what a loan can cost
RandScout is a loan comparison service and lead generator. We are not a lender or credit provider and take no part in the decision. Lenders and loan-matching services may pay us when you open their offer.
Short-term loans from lenders registered with the National Credit Regulator are capped by law: interest of up to 5% a month on a first loan and 3% a month on later loans in the same year, an initiation fee of up to R165 plus 10% of the amount above R1 000 (never more than R1 050), and a monthly service fee of up to R60. VAT may be added to the fees. Longer loans have their own legal caps.
Repayment terms of the providers we list run from 5 days to 2 months.
Each lender shows its exact rate, fees and total cost before you sign. Compare them and borrow only what you can repay on time.