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Weaver Fintech review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Weaver Fintech is a direct lender for personal loans, credit lines and buy now pay later, with loans from ZAR 500 to ZAR 25,000 over 6 to 24 at 28.25% interest. It suits borrowers who want a lender for both a loan and a credit line, though 28.25% interest runs above 15.5% on personal loans.

Key facts

Best for
Borrowers in South Africa who want a personal loan and a credit line from one registered lender.
APR
28.25%↗
Loan amount
ZAR 500 to ZAR 25,000↗
Term
6 to 24 months↗
Funding time
Loan payout can take up to 24 hours↗
Representative example
FinChoice Personal Loan: R15 000 over 24 months, R1 028 monthly instalment, total interest, fees and insurance R9 672, total to repay R24 672, interest 28.25% per year↗
Lender type
Direct lender↗
Loan types
Personal, Credit-line, BNPL↗
Legal entity
Weaver Fintech Ltd↗
Headquarters
Mauritius↗
Support channels
Phone, Email↗
Pricing model
Monthly
Features
Credit line
Official website
weaverfintech.com

Personal insurance

Premium from
ZAR 49↗
Insurance types
Life↗
Provider type
Mga↗
Monthly payments
Yes↗
Cover limit
Funeral cover up to R100 000 per person (accident cover up to R150 000)↗
Claims channels
Phone, Online↗

Facts checked September 26, 2026, 9 sources

Pros and cons

Pros

  • Loans of ZAR 500 to ZAR 25,000 repayable over 6 to 24, with personal loans, a credit line and buy now pay later listed under personal, credit line and bnpl.
  • Registered with the National Credit Regulator under NCRCP 23514 and with the Financial Services Conduct Authority under FSP 52725.
  • Funeral cover is offered with monthly payments, and premiums start at ZAR 49.
  • Support runs on phone and email, so help is available by phone and email.

Cons

  • Interest of 28.25% a year sits well above the 15.5% median for personal loans on the site.
  • Terms are capped at 6 to 24, and the representative example shows interest, fees and insurance added to the amount borrowed.
  • Claims contact is limited to phone and online.
Weaver Fintech

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • Adults who want a personal loan and a revolving credit line from the same lender, and who can live with 28.25% interest.
  • Borrowers who want a regulated counterparty and can check the registration under NCRCP 23514.
  • People who want funeral cover with monthly payments alongside a loan.

Who should look elsewhere

  • Anyone chasing a lower rate: Sofkredit lists 10.74% to 18.06% against 28.25% here.
  • Borrowers after larger sums than ZAR 500 to ZAR 25,000: Creduma ES lists from €12,000.
  • People who need money in a single day, given Loan payout can take up to 24 hours.

How Weaver Fintech compares

Where Weaver Fintech is available

Available
South Africa
Licence in South Africa
National Credit Regulator (NCR) (NCRCP 23514), checked September 26, 2026
Licence in South Africa
Financial Services Conduct Authority (FSP 52725), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What rate does Weaver Fintech charge on a personal loan?+

The stated interest is 28.25% a year on loans of ZAR 500 to ZAR 25,000 repayable over 6 to 24. The representative example then adds total interest, fees and insurance to the amount borrowed, so the headline rate is not the whole cost. That rate also sits above the 15.5% median for personal loans on the site.

What does the representative example show about the total cost?+

The example sets out a personal loan with a monthly instalment, then the total interest, fees and insurance, and the total amount repayable. Those extras are charged on top of the sum borrowed, which is why 28.25% interest understates the bill. Budget for the insurance element as well as the interest.

Is the lender regulated?+

The lending operation is registered with the National Credit Regulator under NCRCP 23514 and with the Financial Services Conduct Authority under FSP 52725. Both registers sit in South Africa. These cover the credit side, and this is a borrowing product rather than a place to hold savings.

What kinds of credit does Weaver Fintech offer?+

The list covers personal loans, a credit line and buy now pay later under personal, credit line and bnpl, and the credit side is set up as a direct lender under direct lender. The insurance arm is a separate entity kind, listed as an MGA under mga, which is why cover sits alongside the loans.

How long does it take to get the money?+

Payout speed is the weak point here: Loan payout can take up to 24 hours. By contrast, 30.8% of lenders on the site advertise same day funding, so a quick fix is not what this lender offers. Plan around the wait rather than around a quick approval.

Can I take out cover with the loan?+

Funeral cover is the insurance type listed under life, with premiums starting at ZAR 49 and monthly payments available. The stated cover limit sets a funeral amount for each person alongside a higher accident limit. Claims are handled by phone and online under phone and online.

Who is this lender suited to?+

It suits borrowers who want ZAR 500 to ZAR 25,000 over 6 to 24 from a lender holding both South African registrations, and who want the option of a credit line as well as a lump sum loan. It suits people less well who want a low rate, since 28.25% interest is above the 15.5% median on the site.

How do I reach help if something goes wrong?+

Support runs on phone and email, and claims are handled by phone and online under phone and online. That means phone and online service only, with no branch counter, so anyone who prefers face to face help should weigh that before applying.

Sources

  • finchoice.co.za/contact-us checked September 26, 2026

    Backs: Claims channels

    “Create a support ticket and we'll get back to you within 24 hours”

  • finchoice.co.za/products/insurance checked September 26, 2026

    Backs: Cover limit

    “Get up to R100 000 funeral cover from R49pm; Get up to R150 000 accident cover from R39pm”

  • finchoice.co.za/products/insurance/funeral-cover checked September 26, 2026

    Backs: Insurance types, Pricing model, Monthly payments, Premium from

    “Underwritten by Guardrisk Life FSP no 76”

  • finchoice.co.za/products/loans checked September 26, 2026

    Backs: Loan amount, Features, Funding time, Representative example, Term

    “Finchoice Personal Loans ... Loans up to R25 000 ... R500 to R25 000 slider”

  • finchoice.coza/products/loans checked September 26, 2026

    Backs: APR

    “Finchoice Personal Loans ... Interest: 28.25% per year”

  • finchoice.co.za checked September 26, 2026

    Backs: Provider type, Lender type, Licences

    “Finchoice SA (Pty) Ltd is an authorised financial services provider FSP 52725. Guardrisk life is a licensed life insurer in terms of the insurance Act 18 of 2017”

  • weaverfintech.com checked September 26, 2026

    Backs: Loan types

    “Shop. Pay. Insure. Lend. ... our personal loans, a mobile credit backed wallet ... buy now, pay later”

  • weaverfintech.com/contact checked September 26, 2026

    Backs: Headquarters, Support channels

    “Weaver Fintech House, Inova Riche Terre Business Park, Riche Terre, Mauritius”

  • weaverfintech.com/general checked September 26, 2026

    Backs: Legal entity

    “We are listed on the Johannesburg Stock Exchange (JSE) and registered in Mauritius.”

Compiled from 9 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Arrangement fee, Credit check.

Weaver Fintech

Weaver Fintech

Borrowers in South Africa who want a personal loan and a credit line from one registered lender.

8.9/10See alternatives