List of fake loan companies in South Africa

Of late there has been a proliferation of  fake loan companies on the internet which advertise loan products to unaware consumers, resulting in loss of money to customers. National Credit Regulator (NCR), is the legally mandated to register credit providers in South Africa and they have a searchable website database where you can view the status of the credit provider whether its registered or still in operation

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We have compiled this list of loan companies which we have noticed receiving negative reviews mainly because they ask for upfront payments only to disappear after the applicants have made the payment.

  • Squarefinance loan
  • Trust Quick Loan Plc
  • Paxden The Loan People
  • Sesona Finance
  • Sezanea
  • Brightway Finance
  • VNV Partners