Lula

Lula does not use a traditional annual interest rate. Instead, it charges a monthly cost factor on the advance. For Fixed-Term Funding, this is typically between 2% and 6% of the original advance amount for the first one to four months (depending on term), and 2% per month for the remaining months. The exact rate is determined by your Lula Score and disclosed in your quote before you commit.

Lula evaluates both the business's financial performance (through bank transaction data) and the credit health of the business director(s). A credit check is part of the assessment process. However, Lula's technology places significant weight on real-time business performance, which may benefit businesses that do not have a long formal credit history.

No. Lula requires a minimum of 1 year of trading history. If your business is newer than one year, you will need to explore alternative financing options until you meet this requirement.

Yes. Both the Cash Flow Facility and Fixed-Term Funding allow early settlement with no early repayment penalty and no additional fees. When you settle early, all future monthly cost charges are automatically waived — meaning you only pay for the time you held the capital.

The Cash Flow Facility works like a revolving line of credit — once approved, you can draw funds whenever needed without reapplying, up to your approved limit. The Fixed-Term Funding is a once-off lump sum disbursement with a fixed repayment schedule over 3, 6, 9, or 12 months. For recurring or unpredictable capital needs, the Cash Flow Facility is typically more flexible; for a specific investment or purchase, Fixed-Term Funding provides cost certainty.

Lulapay is Lula's trade capital product (buy-now-pay-later for B2B transactions). It allows businesses to receive payment immediately when a customer's funding is approved, while the customer gets up to 6 months to repay. This is particularly useful for wholesalers, distributors, and service businesses that sell on credit terms.

You can reach Lula through multiple channels: - Phone: 087 250 0014 (during business hours) - WhatsApp: +27 60 019 7401 - Email: support@lula.co.za - Address: 3rd Floor, Pier Place, Heerengracht Street, Cape Town

Yes. Lula Lend (Pty) Ltd (Reg. No. 2014/156767/07) is a registered credit provider under the National Credit Act. The company is subject to NCR oversight and operates under South African consumer protection legislation. You can verify its registration on the NCR public register at [https://www.ncr.org.za](https://www.ncr.org.za).