Terms & Benefits of LendPlus
Save your precious time and money. No need to visit anywhere to handover documents. Apply from wherever you are.
You can submit an application anytime you want, just visit our web site.
The process of making a decision and transferring money takes from 1 hour.
Funds will be transferred to your bank account within 2 hours after the approval.
We undertake the responsibility of securing your personal information and according to our privacy policy, we will not be using them without your consent.
We offer the lowest fee structure in the market and you can use our repayment channels as per your convenience to settle your loan.
Terms and rates
Minimum term: 62 days;
Maximum term: 120 days;
The terms are inclusive of all loan extensions;
Maximum annual percentage rate: 60%;
Minimum annual percentage rate: 54.75%;
Minimum approved amount: 500 ZAR;
Maximum approved amount: 4000 ZR.
Example
You want to take your first LendPlus loan.
The amount of credit you need is 2000 ZAR for 91 days but you decide to repay within 10 days..
Interest rate for the first credit will be 0.16% per day.
The amount of the full repayment for the first loan – 2032 ZAR.
You want to take second or subsequent loan.
The amount of credit you need is 5000 ZAR.
The term is 91 days but you decide to repay within 15 days. Interest rate for the second credit will be 0.1% per day.
The amount of the full repayment – 5075 ZAR.