Repayment is mainly DebiCheck, with OZOW instant-EFT and standard EFT for manual settlement.
Verify NCRCP17814 on ncr.org.za before you share banking details or sign.
Repayment methods
| Method | Description |
|---|---|
| DebiCheck debit order | Automatic collection on your agreed due date, confirmed in advance via your banking app |
| OZOW instant-EFT | Pay directly from your banking app for immediate confirmation |
| Standard EFT | Manual transfer to LendPlus's nominated account, using your loan reference |
| Verify NCRCP17814 on ncr.org.za before you share banking details or sign. |
Missed-payment timeline
| Timeline | What happens |
|---|---|
| Due date | DebiCheck collection attempted |
| If it fails | Default interest may begin accruing under NCA limits |
| Ongoing non-payment | Credit-bureau listing may follow |
| Persistent non-payment | Escalation to collections and potential legal action |
| Verify NCRCP17814 on ncr.org.za before you share banking details or sign. |
Early settlement
Under the NCA, settle early any time. Request a settlement quote in the app or web account — interest only for days used. Confirm the exact rand total before paying.
Verify NCRCP17814 on ncr.org.za before you share banking details or sign.
Extension or postponement
Expecting a shortfall? Contact LendPlus before the debit date. Extensions are case-by-case and not guaranteed — early contact improves your options.
Verify NCRCP17814 on ncr.org.za before you share banking details or sign.
FAQ — How to repay
Can I settle my LendPlus loan early? Yes — get a settlement quote in the app or web; under the NCA you pay interest only for days used.
What happens if I cannot repay on time? Contact LendPlus before the debit date. Default interest and bureau listing may apply. Extensions after the due date are never guaranteed.
Can I pay via OZOW even if my bank isn't fully supported? OZOW depends on your bank; if unsupported, pay by EFT with your loan reference.