How To Renew NCR Certificate In South Africa

The NCR’s mandate is to: promote and support the development of a fair, transparent, competitive, sustainable, responsible, efficient and effective consumer credit market, and to increase participation of historically disadvantaged persons, low-income persons and communities, and remote, isolated or low-density populations and communities in the consumer credit market; regulate the consumer credit industry by registering credit providers, credit bureaus and debt counsellors, payment distribution agents, and alternative dispute resolution agencies; enforce the provisions of the National Credit Act; undertake research on the nature and dynamics of the consumer credit market in order to increase knowledge of these matters; promote public awareness of consumer credit matters; and review legislation and report to the Minister of Trade and Industry on matters concerning consumer credit.

How to become a credit provider

The natural or juristic person can establish whether they need to register as a credit provider in terms of the Act. If you need to register as a credit provider you can follow these steps to guide you through your application with the National Credit Regulator for registration of a company as a credit provider in terms of Section 40 and 41 of the Act:

  1. Complete the NCR Application Form
  2. Have a company registration or be a sole proprietor
  3. Provide a copy of the share certificate/s if the application is a company. Submit the following:
    1. Certified copy of ID
    2. Part 7 (disqualification of natural person form)
    3. Police clearance certificate (no older than 6 months)
  4. Provide certified copies of ID/Passports of all members/directors/trustees/partners/sole proprietors
  5. Complete & sign resolution document if the applicant is a juristic person
  6. Provide a police clearance certificate for all members/directors/trustees/partners/sole proprietors issued by the South Africa Police Services (SAPS).
  7. Proof of payment of the registration fee
    1. Non-Refundable application fee of R 500
    2. Branch fee of R 250 per location or premises where you will be operating from
    3. Registration Fee of R 1500
  8. Letter from the bank confirming the applicant’s banking details or a copy of a cancelled blank check
  9. Proof of registration with the South African Receiver or Revenue Services (SARS)

All documentation must be delivered to: 127 – 15th Road, Randjespark, Midrand for the attention of the National Credit Regulator. In the alternative the documentation may be posted to PO Box 209, Halfway House, 1685.

The process can take between 9 and 12 weeks to be completed, pending the provision of accurate information being provided by the natural or juristic person in their application.

Quick Contact For more information

Telephone: 011 554 2600
Call centre: 0860 627 627