TymeBank loans no longer exist under that name. The South African Reserve Bank confirmed in 2026 that Tyme Bank Limited officially changed its name to GoTyme Bank Limited. The bank’s personal loan product now sits under the GoTyme Bank brand. Most people searching this term want to know where TymeBank went. They also want to know whether GoTyme Bank is the same regulated entity, and what a personal loan actually costs today.
GoTyme Bank holds the same National Credit Regulator registration that TymeBank held before the rename. Applicants should still treat this personal loan like any other regulated credit product. Approval is never guaranteed, and pricing depends on affordability and credit assessment. Anyone comparing personal loans in South Africa should confirm current terms directly with GoTyme Bank. Applicants should not treat older TymeBank branding as current.
Last Updated: July 2026
FundingWay.co.za is an independent information website. It is not GoTyme Bank, does not process loan applications, and has no role in deciding who GoTyme Bank approves. Readers should confirm current terms directly with GoTyme Bank before signing any agreement.
What Is TymeBank Loans?
TymeBank loans refers to the unsecured personal loan product that South Africans previously applied for under the TymeBank brand. GoTyme Bank now markets this same product as GoTyme Bank Personal Loans, offered in partnership with TFG Money.
The loan targets everyday personal expenses, such as school fees, home improvements or emergency costs. Both existing GoTyme Bank customers and non-customers can apply. Applicants repay the loan in monthly instalments through a debit order.
How This Page Was Researched
- Reviewed GoTyme Bank’s official personal-loan page for current eligibility, application steps and product details.
- Checked the South African Reserve Bank’s Government Gazette notice confirming the change of name from Tyme Bank Limited to GoTyme Bank Limited.
- Confirmed GoTyme Bank’s registration number, NCR credit provider number, and FSP number directly on GoTyme Bank’s own site and legal terms.
- Checked the separate TFG Money application page to compare it against the main GoTyme Bank product page.
- Reviewed TFG Money’s own loan protection terms to confirm which entity acts as the credit provider.
- Noted that some figures, such as the loan amount, differ between GoTyme Bank’s pages, so applicants should confirm the exact figure in their own quote.
TymeBank’s Name Change to GoTyme Bank
The South African Reserve Bank published a Government Gazette notice in 2026. This notice confirmed that Tyme Bank Limited changed its name to GoTyme Bank Limited. The bank’s registration number, 2015/231510/06, stayed the same throughout the change.
This means GoTyme Bank is the same licensed and regulated entity that previously traded as TymeBank. It is not a new or separate company. Some pages and app references may still mention TymeBank during the transition. For example, GoTyme Bank’s loan application portal still runs on a tymebank.co.za web address. It also tells existing customers to download the “TymeBank app.” Applicants should not treat these older references as a sign of anything untoward. They simply reflect a rebrand still working through the bank’s systems.
Is GoTyme Bank the Direct Lender?
GoTyme Bank Limited, formerly Tyme Bank Limited, is the direct credit provider on this loan. TFG Money’s own loan protection terms describe GoTyme Bank as the party with whom the applicant enters the loan agreement.
TFG Money’s role is to widen access to the loan beyond GoTyme Bank’s own customer base. It does not act as the lender itself. A separate Foschini Retail Group entity also offers optional loan protection insurance on these loans. This entity acts only as an intermediary between the borrower and the insurer, not as the credit provider.
Who This Product May Suit
GoTyme Bank aims this loan at South Africans aged 18 or older who hold a valid South African ID. Applicants need a mobile number, an email address, and three months of bank statements showing their last three salary deposits.
The bank states that both existing GoTyme Bank customers and people who bank elsewhere can apply. Existing GoTyme Bank customers may qualify for higher loan amounts, particularly if they use the app actively.
Loan or Credit Products to Check
GoTyme Bank’s personal loan is an unsecured product. Applicants repay it through fixed monthly instalments, which GoTyme Bank collects by DebiCheck from their chosen account. GoTyme Bank also offers a separate product called GrantAdvance, aimed at social grant recipients. This works differently from the personal loan covered here.
Applicants should confirm which product actually matches their situation before applying, since search results can blur these two offerings together.
Basic Requirements to Review
Before applying, applicants should check that they meet GoTyme Bank’s requirements:
- A valid South African ID and an age of 18 or older.
- An active mobile number and email address.
- Three months of bank statements, showing the applicant’s last three salary deposits.
- A bank account into which the applicant can receive the loan and from which GoTyme Bank can collect repayments.
Readers who do not bank with GoTyme Bank should note that the product stays open to them. This follows directly from GoTyme Bank’s own product page.
Application Process
GoTyme Bank describes a four-step online process. Applicants first answer a few questions to check their eligibility.
Next, they upload three months of bank statements, which GoTyme Bank uses to assess affordability. Applicants then sign the loan documents online, without any paperwork. Once GoTyme Bank approves the loan, it pays the money into the applicant’s account.
Existing GoTyme Bank customers can also apply directly through the GoTyme Bank app, under the Personal Loans section.
Costs, Repayments and Affordability
GoTyme Bank does not publish a specific interest rate or fee schedule on its personal-loan page. The bank describes the product as low-cost and free of hidden fees. Applicants should treat this as a marketing claim rather than a confirmed rate, since GoTyme Bank shows the actual price only once the applicant completes a quote.
Advertised loan amounts also differ across GoTyme Bank’s own pages. The main product page markets loans of up to R200,000. The separate application portal’s own page instead describes loans of up to R120,000. Applicants should treat the figure shown during their own application as the accurate one, rather than assuming either advertised maximum applies to them.
Anyone comparing loan sizes or terms can use a personal loan calculator in South Africa. It shows how different amounts affect monthly and total repayments. Missed payments can also affect the applicant’s credit record and may lead to collection action, so comparing total repayment cost matters as much as the advertised rate.
Pros and Limitations
GoTyme Bank’s personal loan comes from a registered bank, rather than a standalone short-term lender. It also stays open to people who do not already bank with GoTyme Bank. The application runs fully online, with a fast affordability check and same-day payout once approved.
The main limitations sit around transparency. GoTyme Bank does not publish its interest rate or fee schedule upfront. Its advertised loan amount also differs between its own pages. Readers with a difficult credit history who want to understand how affordability checks generally work can review personal loans for bad credit in South Africa. GoTyme Bank does not state a specific policy on blacklisted applicants.
Alternatives to Compare
Applicants who want to compare this loan against other bank-backed options may look at Absa personal loans, Standard Bank personal loans or Sanlam personal loans. Each comes from an established, separately regulated provider, with its own rates, terms and eligibility rules.
Applicants should check current amounts, rates and fees directly on each provider’s official site. Applicants should not assume these figures match GoTyme Bank’s terms.
Comparison Table: TymeBank Loans
| Provider / Option | May Suit | Main Product Type | Key Limitation |
|---|---|---|---|
| GoTyme Bank personal loans (formerly TymeBank) | Applicants 18+ wanting a bank-backed digital loan | Unsecured personal loan | Rate and fee schedule not published upfront; advertised amount varies by page |
| Absa personal loans | Applicants wanting an established bank alternative | Personal loan from a registered bank | Eligibility and pricing differ; confirm directly |
| Standard Bank personal loans | Applicants comparing another major bank’s loan | Personal loan from a registered bank | Confirm current rates and terms directly |
| Sanlam personal loans | Applicants wanting a non-bank financial services option | Personal loan from a registered credit provider | Confirm relationship to Sanlam’s wider group and current terms |
What to Verify on the Official Website
Before applying, it helps to confirm a few details directly, rather than rely on any third-party summary, including this one. GoTyme Bank’s official personal-loan page sets out the current eligibility criteria, application steps and required documents.
It also helps to confirm GoTyme Bank’s registration details independently. The bank lists its NCR credit provider number, NCRCP 10774, and its company registration number, 2015/231510/06, on its own site. Applicants can check these against the National Credit Regulator’s public register before signing any agreement.
FAQs: TymeBank Loans
Is TymeBank still called TymeBank? No. The South African Reserve Bank confirmed in 2026 that Tyme Bank Limited changed its name to GoTyme Bank Limited.
Is GoTyme Bank the same regulated entity as TymeBank? Yes. GoTyme Bank kept the same registration number, 2015/231510/06, through the name change.
Who is the actual lender, GoTyme Bank or TFG Money? GoTyme Bank is the credit provider on the loan agreement. TFG Money helps widen access to the product, rather than acting as the lender.
How much can I borrow? GoTyme Bank’s main page advertises up to R200,000, while its application portal shows up to R120,000. Applicants should treat the amount shown in their own application as accurate.
What documents do I need to apply? A valid South African ID, a mobile number and email address, and three months of bank statements showing the last three salary deposits.
Can I apply if I don’t bank with GoTyme Bank? Yes. GoTyme Bank states the loan is available to non-customers as well.
How is the loan repaid? Through monthly instalments, collected by DebiCheck from the applicant’s chosen bank account.
Does GoTyme Bank publish its interest rate? No. The rate and fee schedule appear only once the applicant completes a quote during the application.
How long does approval take? GoTyme Bank describes an instant affordability check, with same-day payout once it approves the loan.
Final Verdict: TymeBank Loans
TymeBank loans now fall under GoTyme Bank, the same registered bank and NCR credit provider that previously traded under the TymeBank name. Applicants who search for TymeBank loans today land on the same product. GoTyme Bank now markets it as GoTyme Bank Personal Loans, in partnership with TFG Money.
The loan suits South Africans aged 18 or older who want a fully digital, bank-backed personal loan. This applies whether or not they already hold a GoTyme Bank account. At the same time, GoTyme Bank does not publish its rate upfront, and its advertised loan amount varies between its own pages. Anyone considering this loan should confirm the exact amount and rate in their own quote. They should also verify GoTyme Bank’s NCR registration independently and compare at least one alternative bank-backed provider before signing an agreement.
