South African purchase finance

Purpose-built finance for lawful firearm purchases.

In a financed firearm purchase, payment to the licensed dealer and lawful possession by the customer happen at different stages. Tibris is being built for that gap. Approved funds will be disbursed directly to the dealer under the agreed terms, the dealer will hold the firearm while the SAPS licensing process is pending, and release will require lawful possession and Tibris authorisation.

See how the purchase will work Understand the roles

THE PURCHASE GAP

Credit approval is not licence approval.

PRE-LAUNCH

01
TIBRIS CREDIT DECISION
Can credit be granted responsibly?Identity, affordability and credit checks will inform a separate credit decision.
02
SAPS LICENCE DECISION
May the customer lawfully possess the firearm?The customer's SAPS application and decision will remain separate from Tibris's credit decision.

The dealer will keep custody. The firearm will remain with the licensed dealer until the customer may lawfully possess it and Tibris has authorised release.

Clear separation

One purchase. Three distinct roles.

Each participant will have a distinct role.

INTENDED CREDIT PROVIDER

Tibris

Will assess the application, provide the credit, issue the agreement and authorise release when conditions are met.

LICENSED SELLER

The dealer

Will sell and identify the firearm, keep it during licensing and complete the lawful physical handover.

BORROWER

The customer

Will apply to Tibris, complete the required checks, repay the loan and follow the SAPS licensing process.

Tibris does not sell, distribute, store or handle firearms. Any future credit agreement will be with Tibris, not the dealer.

How it will work

Four stages from selection to lawful release.

The credit process and the SAPS licensing process will stay separate at every stage.

Credit approval never guarantees or accelerates SAPS licence approval.

01
Choose with a licensed dealer
Select the firearm you want to purchase through a participating licensed dealer.
02
Apply directly to Tibris
Complete identity, affordability and credit checks with Tibris when applications open.
03
Approved funds go to the dealer
Approved funds will be disbursed directly to the licensed dealer under the agreed terms. Funds will not go to the customer.
04
Release only when lawful and authorised
The dealer will keep custody until the customer may lawfully possess the firearm and all Tibris release conditions are met.

Responsible credit

Clear before commitment.

Any Tibris credit offering will put the required checks and disclosures before the agreement, where they belong.

01
Affordability and credit assessment before credit is granted
02
FICA identification and verification for every applicant
03
Prescribed cost disclosure before agreement
04
Plain-language privacy notices and consent where required for bureau checks, marketing and data sharing

PRE-LAUNCH STATUS

Built properly, before loan one.

Tibris is not currently accepting credit applications or writing loans. Customer launch is subject to NCR registration, and Tibris will not accept applications or write loans before registration is granted.