Genfin Business Finance

The online application takes approximately 10 minutes to complete. Genfin typically provides a lending decision within 24 hours. Once you sign the loan agreement electronically, funds are disbursed to your business bank account within a further 24 hours. From application to funding, the entire process commonly takes 2–3 business days, and in some cases as little as 48 hours.

Genfin charges a monthly interest rate starting from 3.5%, calculated on a reducing balance basis. This means interest is applied only to the outstanding loan balance — not the original principal. As you repay the loan, the balance decreases, and so does the monthly interest charge. For every R100,000 borrowed over 12 months, the approximate total interest cost is R24,000.

No. Genfin charges no application fee, no origination fee, no administration fee, and no early-settlement fee. The only cost of the loan is the interest on the reducing balance. Always review your specific loan agreement to confirm the terms applicable to your facility.

Yes, and you should — it saves money. Early settlement at any point carries no penalty. The faster you repay, the less interest accrues, directly reducing your total borrowing cost. Contact your Funding Analyst to obtain a current settlement figure before transferring funds.

If a scheduled repayment fails due to insufficient funds, Genfin will contact you. Your bank may charge a returned debit order fee. Repeated missed payments can trigger late payment charges under your loan agreement and may result in adverse credit bureau listings or legal recovery proceedings. Contact Genfin proactively if you anticipate a cash-flow problem before the debit date.

Yes — once you have repaid 50% of the original loan capital, Genfin offers a refinancing option that allows you to access additional funds without a full new application. This is one of Genfin's most popular features for businesses in active growth phases.

Genfin's primary assessment is based on your business bank statements and trading performance. However, for some loan amounts and structures, the personal credit profile of directors or shareholders may be reviewed, particularly where a personal surety is required. A poor personal credit history does not automatically disqualify a strong business, but it is a factor.

Yes. Genfin is a registered credit provider under the National Credit Act 34 of 2005, regulated by the National Credit Regulator (NCR). You can verify their registration status at any time at [www.ncr.org.za](https://www.ncr.org.za/register_of_registrants/registered_cp.php). Genfin is also backed by institutional investors including RMB, Sanlam Investments, and STANLIB.

No. Genfin requires businesses to have been fully operational for at least 12 months (24 months for larger loan amounts). Startups with less than one year of trading history do not qualify. Alternative options for newer businesses include government funding programmes through the Small Enterprise Finance Agency (SEFA) or the Small Enterprise Development Agency (SEDA).