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LendPlus

4.3 (344 reviews)

LendPlus lends R500–R4 000 over 65–90 days at 60% a year (36% for returning clients). Run by Lendplus Technology (Pty) Ltd, NCR-registered as NCRCP17814.

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LendPlus at a glance

In short: LendPlus is a Cape Town online lender run by Lendplus Technology (Pty) Ltd, registered with the National Credit Regulator as NCRCP17814 and lending since November 2023. It offers R500 to R4 000 over 65 to 90 days, charging 60% a year on a first loan and 36% for returning clients, plus an initiation fee and a monthly service fee. Its own example: R1 000 over 90 days costs R1 331 in total. Facts from LendPlus' Google Play listing and lendplus.co.za, checked 26 October 2026.

Key facts

LendPlus
LenderLendplus Technology (Pty) Ltd
Company registration2023/805154/07
NCR registrationNCRCP17814
Loan amountR500 – R4 000
Term65 – 90 days
Interest60% a year (first loan), 36% a year (returning clients)
APR (lender's disclosure)51.85% – 102.14%
Payout15 minutes to 2 hours on business days; eWallet any day
RepaymentDebit order confirmed through DebiCheck
Contact087 107 9722 (Mon–Sat), support@lendplus.co.za, online chat
Payment difficulties071 872 4041 (Mon–Fri 08:00–17:00)
Address10th Floor, 2 Long Street, Cape Town, 8000

Who is behind LendPlus

LendPlus is the trading name of Lendplus Technology (Pty) Ltd, a South African company registered in 2023. PeerBerry, which funds part of its loan book, lists it as founded by the Aventus Group. LendPlus says it has issued more than 100 000 loans since it started in November 2023, and its Android app has over 500 000 installs.

Is LendPlus legit?

Yes — Lendplus Technology (Pty) Ltd is a registered credit provider, NCRCP17814. You can confirm this on the NCR's credit provider register at ncr.org.za. App reviews are mixed (3.7 stars from about 450 reviews in August 2026), with complaints mostly about declined repeat applications and support response times.

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LendPlus review: a short-term lender that rewards repeat clients

4.30 reviews
Rating distribution
5 ★
0
4 ★
0
3 ★
0
2 ★
0
1 ★
0

Verdict: LendPlus suits an urgent need of up to R4 000 that you can repay within about three months. Its clearest advantage is the lower 36% rate for returning clients, which makes a second loan noticeably cheaper than the first. For anything larger or longer, an instalment lender is the better tool.

What we like

  • Returning clients pay 36% a year instead of 60%
  • Only three documents: ID, three bank statements and a cellphone number
  • Fast payout, and an eWallet option for weekends
  • Published cost example and fee formula

What to watch out for

  • Small loans only: R4 000 maximum
  • APR up to 102.14% once fees are counted
  • Mixed app reviews (3.7 stars)
  • Repayment by DebiCheck debit order only

Who it suits

  • Salaried borrowers who need R500 to R4 000 quickly.
  • Returning clients with a clean repayment record — the rate drop is real money.

Who should look elsewhere

  • Anyone who needs more than R4 000: Jabulani Money and Southern Finance go to R8 000, Capfin to R50 000.
  • Anyone already struggling with repayments elsewhere.

What it really costs

LendPlus' own example: R1 000 over 90 days — R90 interest, a R150 initiation fee and about R91 in service fees — R1 331 in total, an APR of 60.1%. On a first loan, fees make up more than two-thirds of the cost.

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LendPlus loan conditions and fees

Loan parameters

ParameterDetail
AmountR500 – R4 000
Term65 – 90 days
Interest — first loan60% a year
Interest — returning clients36% a year
APR51.85% – 102.14% (lender's disclosure, fees included)
Initiation fee15% on loans up to R1 300; on larger loans up to the legal maximum of R165 + 10% of the amount above R1 000
Service feeR60 a month, pro rata in the payout month, plus R60 in the repayment month

Representative example

ItemAmount
LoanR1 000
Term90 days
InterestR90
Initiation feeR150
Service feeabout R91 (loan paid out on 15 September)
Total to repayR1 331
APR60.1%
Source: LendPlus' Google Play listing, updated 12 August 2026.

First loan or repeat loan: what the rate means

Loan for 90 daysInterest at 60% a year (first loan)Interest at 36% a year (returning client)Saving
R1 000R147.95R88.77R59.18
R2 000R295.89R177.53R118.36
R4 000R591.78R355.07R236.71
Simple interest at the annual rates LendPlus publishes. Initiation and service fees, plus VAT, come on top.

What the law allows on short-term loans

Loans of up to R8 000 for up to six months are short-term credit under the National Credit Act. The regulations cap what any registered lender may charge:

CostLegal maximum
Interest, first loan in a calendar year5% a month
Interest, further loans in the same year3% a month
Initiation feeR165 + 10% of the amount above R1 000, never more than R1 050 (plus VAT)
Monthly service feeR60 (plus VAT)
Credit life insurance, if the lender requires it, is capped separately. Anything in a quotation above these limits is a reason to walk away and report the lender to the NCR.

Who qualifies

  • Valid South African ID.
  • Regular income paid into a bank account in your own name, shown on three months of statements.
  • You pass a credit check and the affordability assessment, and you are not under debt review.

Your rights

  • A pre-agreement quotation with the rate, fees and total before you sign.
  • Early settlement at any time.
  • Reckless-lending concerns have their own email channel on lendplus.co.za; complaints can also go to the Credit Ombud (0861 66 2837) or the NCR (complaints@ncr.org.za).
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How to apply for a LendPlus loan

Apply on lendplus.co.za or in the LendPlus Android app. The client form cannot be submitted until every field is filled in.

Step by step

  1. Register and choose the amount and term.
  2. Complete the client form — personal, employment, income and bank details.
  3. Upload three months of bank statements. LendPlus has video guides for Capitec, Absa, Access, Standard Bank, FNB, Nedbank, TymeBank and Discovery.
  4. Wait for the review — from about 15 minutes.
  5. Sign the loan agreement electronically.
  6. Confirm the DebiCheck mandate with your bank (video guides for Capitec, Absa, Standard Bank, FNB and Nedbank). This is a once-off confirmation of the debit order you agreed to.

What you need

ItemDetail
IDValid South African ID
Bank statementsLatest three months
CellphoneA valid number in your name

Tips

  • Download statements as PDFs from your banking app; screenshots are often rejected.
  • Apply during business hours for the fastest decision.
  • If you are declined, check your free credit report before reapplying.

If LendPlus declines you

A decline usually means the affordability check left too little room, or your credit report shows recent arrears. Before you apply anywhere else:

  1. Get your free credit report from TransUnion or Experian and look for errors or accounts in arrears.
  2. Wait at least a few weeks — several applications in a short time make lenders more cautious.
  3. Apply for a smaller amount, or choose a lender whose criteria fit your situation:
If you…Consider
need more than R4 000Jabulani Money or Southern Finance (up to R8 000)
were declined for your credit recordSouthern Finance
need the money within the hourPrimeLoans (15 minutes to 2 hours, eWallet any day)
want a longer, larger loanCapfin (6–24 months, up to R50 000)
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How LendPlus pays out

After approval, signing and the DebiCheck confirmation, the money goes automatically to the bank account you specified.

OptionTiming
Bank account15 minutes to 2 hours during business hours
eWalletInstant, any day of the week
Banks do not transfer money on weekends or outside working hours. If you need the money on a Saturday or at night, choose the eWallet option when you apply.

From application to money in your account

StepTypical timing
Registration and form10–15 minutes
ReviewFrom about 15 minutes
Signing and DebiCheck confirmationIn your banking app, straight after approval
Money — bank account15 minutes to 2 hours on business days
Money — eWalletInstant, any day
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How to repay LendPlus

Your due date and amount are in your personal account. Repayment is collected by the DebiCheck debit order you confirmed when you took the loan; keep the money in your account on the due date.

Paying early

You may settle before the due date; interest stops on the settlement date. LendPlus' "How to repay" page lists the payment details.

If you cannot pay

  • Call the payment-solutions line 071 872 4041 (Mon–Fri 08:00–17:00) before the due date.
  • LendPlus has a postponement procedure ("How to postpone"); get the cost in writing before you accept.
  • A late fee applies to late payments, and missed payments can damage your credit record.
  • For several debts at once, consider a registered debt counsellor (ncr.org.za).
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LendPlus — Comparison with Similar Options

LendPlus against short-term lenders with a similar loan size. Limits from each lender or the MoneyHello lender list, October 2026.

LendPlusPrimeLoansJabulani MoneySouthern Finance
AmountR500 – R4 000R500 – R4 000 (R8 000 repeat)R500 – R8 000R500 – R8 000
Term65 – 90 days62 – 90 days61 – 90 daysAbout 1 – 3 months
NCR numberNCRCP17814NCRCP20937NCRCP22362NCRCP11981
Repeat-client rate36% a year———
Payout15 min – 2 h; eWallet15 min – 2 h; eWalletBusiness daysSame day

Confirm current limits and the total cost in each lender's pre-agreement quotation.

LendPlus or PrimeLoans?

Very similar products: same loan size, similar terms, eWallet payouts. LendPlus publishes a lower rate for returning clients (36%); PrimeLoans lets repeat clients borrow up to R8 000 and has an iPhone app.

LendPlus or Jabulani Money?

If you need more than R4 000 on a first loan, Jabulani Money goes up to R8 000. For a returning client with a good record, LendPlus' 36% rate is the cheaper repeat loan.

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LendPlus — Frequently Asked Questions

Yes. LendPlus is the trading name of Lendplus Technology (Pty) Ltd, registered with the National Credit Regulator as NCRCP17814.

R500 to R4 000, repaid over 65 to 90 days.

60% a year on a first loan and 36% a year for returning clients. With fees, the disclosed APR ranges from 51.85% to 102.14%.

LendPlus' own example: R1 000 over 90 days costs R1 331 in total — R90 interest, a R150 initiation fee and about R91 in service fees.

A valid South African ID, bank statements for the latest three months and a valid cellphone number.

15 minutes to 2 hours on business days after approval and signing. An eWallet payout arrives instantly on any day.

A once-off confirmation with your bank of the debit order you agreed to. LendPlus collects the repayment through it on the due date.

The payment-solutions line on 071 872 4041 (Mon–Fri 08:00–17:00), before the due date.

Sultan Kanatov, Editor-in-Chief, CreditDeals
Author
Sultan Kanatov
Editor-in-Chief, CreditDeals
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Verified by: CreditDeals Editorial Team
Published: 19 May 2026
Updated: 26 October 2026

This article is for informational purposes only and does not constitute financial advice. Check the status of the specific company in the NCR register. Please read the contract carefully before signing. rating methodology.

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LendPlus — Get Money Now

LendPlus lends R500–R4 000 over 65–90 days at 60% a year (36% for returning clients). Run by Lendplus Technology (Pty) Ltd, NCR-registered as NCRCP17814.

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CreditDeals may earn a referral fee when you use partner links on this page. Tracked links are marked sponsored; promoted partners show a «Recommended» label in catalog listings. The rating on this page is an editorial score, not payment for placement.