Key parameters
| Parameter | Value |
|---|---|
| Minimum amount | R500 |
| Maximum amount (first loan) | R4,000 |
| Term | 5 – 41 days |
| Interest | Within NCA cap — up to 5% per month on short-term credit ≤ R8,000 on a first agreement |
| Initiation fee | NCR cap — up to R165 + 10% of the amount above R1,000 |
| Service fee | Up to R69 incl. VAT per month (NCR cap) |
| Credit life insurance | Optional, NCR-capped premium |
| Collection rail | DebiCheck debit order |
| Income verification | TruID |
| Verify NCRCP17814 on ncr.org.za before you share banking details or sign. |
Borrower requirements
- Age 18+
- Valid SA ID
- SA resident
- Active SA bank account in your own name
- Three months' statements or TruID consent
- Active mobile number for OTP
Verify NCRCP17814 on ncr.org.za before you share banking details or sign.
Cost-of-credit example
For an illustrative R3,000 loan over 30 days:
| Cost component | Amount (ZAR) |
|---|---|
| Capital | R3,000.00 |
| Interest @ 5% per month | R150.00 |
| Initiation fee = R165 + 10% × (R3,000 − R1,000) | R365.00 |
| Service fee | R69.00 |
| Credit life insurance (optional) | ≈ R6.00 |
| Total cost of credit | ≈ R590.00 |
| Total repayable | ≈ R3,590.00 |
Risk warning. Short-term credit is costly when annualised. Read the full pre-agreement quotation; pay on time to avoid penalty interest and bureau listings.
Verify NCRCP17814 on ncr.org.za before you share banking details or sign.
Why TruID matters for your cost of credit
TruID reads income and spending from bank data, so affordability can be more accurate than payslip-only checks — helpful if income varies, but hidden debt is harder to miss.
Verify NCRCP17814 on ncr.org.za before you share banking details or sign.
FAQ — Terms
What is the shortest term LendPlus offers? 5 days — for a very short gap before payday.
Does LendPlus charge for TruID access? No — TruID is part of the standard flow with no separate consumer fee.
Is credit life insurance compulsory at LendPlus? No — optional, NCR-capped, and must be disclosed and agreed in your pre-agreement quotation.