LendPlus requires a stable source of income and your latest three months of bank statements. A reasonable credit history improves your chances of approval.
What you need for an online application, and who qualifies for the highest limit
You need legal South African residency and a valid South African ID. Applications run exclusively online: you won’t arrange this loan through a branch.
A favourable assessment can lead to an offer, subject to final review and approval. Only repeat customers can qualify for ZAR 4,000.
Your borrowing costs go beyond the interest
Lendplus Technology (Pty) Ltd charges a 60% APR over a calendar year. The initiation fee is 16.5% of the principal, adding to what you repay beyond interest.
Your service fee depends on the days left in the month when the loan is paid out. You receive a pre-agreement statement and quotation to review and approve.
Have your eligibility and documents ready
Match these requirements to your circumstances before applying.
- You’re over 18 and legally able to agree.
- You can prove a stable income.
- You live legally in South Africa and hold a valid South African ID.
- Have 3 months’ bank statements and a valid cell number.
Complete your online loan application
- Choose your loan amount and term.
- Create a profile and complete your application.
- Review the statement and quotation before agreeing.
- Sign the agreement and consent to DebiCheck.
FAQ
Can I pay a LendPlus instalment before its agreed due date?
Yes. Your early payment is credited to your account. Any amount still outstanding remains payable on the original instalment date.
What happens to my LendPlus loan payment if I pay late?
A late fee applies. For payments after the deadline, your profile offers partner options including Capitec Pay, EFT and OZOW.
How does TruID send LendPlus my proof of income?
With your consent, TruID securely sends your proof of income to LendPlus on your behalf during your application.
What can I manage online once my loan is approved?
After approval, your profile lets you pay your account, access statements, view your credit history and request a settlement letter.