Registered Credit Provider

We’re a Registered Credit Provider: What That Means

If you’re strapped for cash and have bills to pay, you might consider applying for a loan with a credit provider you don’t know much about. This can be a huge mistake – there are many unscrupulous lenders out there.

Before contacting a credit provider, you should always check that the provider is registered with the National Credit Regulator. This is a government body that provides a set of rules for credit providers, as outlined in the National Credit Act (35 of 2005). These rules help protect consumers from unfair lending practices and reckless granting of credit.

Choosing a credit provider that complies with the National Credit Act helps ensure that your rights are protected. It also means that if the credit provider breaks a credit law, you’ll have legal recourse.

How the National Credit Act works

All credit providers in South Africa must register with the National Credit Regulator – unless they provide incidental credit, have fewer than 100 credit agreements or have an outstanding credit total equal to or less than R500 000.

The National Credit Act (NCA) provides for three categories of credit agreements – namely small (R0 – R150 000), intermediate (R150 001 – R249 999) and large credit agreements (greater than R250 000). The larger the credit granted, the more regulations and rules apply.

The National Credit Act serves the following purposes:

  • it caps interest rates, fees and other charges (depending on the type of credit granted), to protect consumers from extortion
  • it protects consumers against discrimination in the granting of credit; it also entitles them to be told why if credit is refused or discontinued
  • it grants customers the right to information regarding a credit agreement, electronically or in print.

The NCA stipulates that the creditor must provide a consumer with a pre-agreement statement, a copy of the credit agreement and a statement of his or her account.

Why choose lamna

At Lamna, we offer short-term, asset-based loans that are quick, efficient and confidential.

Our company is a registered credit provider and, as such, complies fully with the National Credit Act. Our registration number is NCRCP7428. You can look us up by doing a search for our registration number here.

For more information about using an asset to secure a short-term loan, contact us on 086 111 2866 or simply complete and submit our online application form.

Speak to a consultant

086 111 2866

or Apply online

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APR & Loan repayment period

Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.


All accounts may be renewed if they are up to date.


All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.


Non-payments may result in the matters being escalated.

Illustrative example

Client borrows R10,000 for 90 days.

Loan Amount Repayment Period Monthly Repayment Total Cost of Loan Initiation Fee Monthly Fee
(Interest + Service charge)
R10 000 3 months R568.40 R12 902.20 R1 197 R560 60%