Precision Loans

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Credit Provider Registration & Compliance

Last Updated: November 2025

 

1. Introduction

Precision Loans is a registered credit provider operating under Precision Africa Group.
We are fully compliant with the National Credit Act, No. 34 of 2005 (NCA), which governs all consumer credit activities in South Africa.
Our registration and operations are regulated by the National Credit Regulator (NCR) to ensure responsible lending practices and consumer protection.

 

2. Registration Details

  • Registered Entity: Precision Africa Group (Trading as Precision Loans)

  • Credit Provider Registration: [Insert NCRCP Number once available]

  • Jurisdiction: Republic of South Africa

  • Regulatory Authority: National Credit Regulator (NCR)

 

3. Commitment to Compliance

Precision Loans adheres to all requirements of the National Credit Act and related legislation, including:

  • Responsible lending practices and affordability assessments.

  • Transparent disclosure of all costs, interest, and repayment terms.

  • Protection of consumer rights and fair treatment of all applicants.

  • Accurate record-keeping and lawful collection processes.

Our goal is to provide dignified, accessible, and ethical short-term credit to employed individuals through employer partnerships and payroll-integrated repayment systems.

 

4. Responsible Lending

As a registered credit provider, we are committed to:

  • Assessing every applicant’s affordability and repayment capacity.

  • Avoiding over-indebtedness and promoting financial wellness.

  • Maintaining clear and honest communication with clients.

  • Offering transparent, easy-to-understand loan agreements.

Precision Loans does not engage in predatory or misleading lending practices and ensures all agreements comply with the NCA’s consumer protection framework.

 

5. Consumer Rights

Under the National Credit Act, all consumers have the right to:

  • Receive full disclosure of credit terms before signing an agreement.

  • Decline any offer of credit without penalty.

  • Access a copy of their signed loan agreement.

  • Lodge complaints or queries directly with the National Credit Regulator or the Credit Ombud if unfairly treated.

National Credit Regulator (NCR)
Address: 127 Fifteenth Road, Randjespark, Midrand, Johannesburg, South Africa
Website: www.ncr.org.za
Contact Centre: 0860 627 627

 

6. Data and Confidentiality

All personal and financial data collected during the application and repayment process is handled in accordance with:

  • The Protection of Personal Information Act (POPIA)

  • The National Credit Act (NCA)

  • Precision Loans’ internal Privacy and Compliance Policies

Information is used solely for verification, assessment, and lawful reporting purposes.

 

7. Contact Information

For compliance verification, consumer queries, or complaints, please contact:

Precision Loans (Precision Africa Group)
Email: admin@precisionafricagroup.co.za
Phone / WhatsApp: 062 802 4357 | 072 688 7271
Address: South Africa