Disbursement methods and typical speed
| Method | Typical timeframe | Commission / fee | Availability |
|---|---|---|---|
| Bank account (EFT) | Same day – 24 hours | None (standard EFT) | All partner lenders |
| Debit / bank card | Instant – a few hours | None | Select partners only |
| Cash payout | Not offered | — | Not available |
| Weekend and public-holiday transfers may wait until the next business day, depending on the lender's processing calendar and your bank's EFT clearing windows. Major South African retail banks are supported, including ABSA, Standard Bank, FNB, Nedbank, Capitec, African Bank and most smaller banks. Card disbursement, where offered, can post faster but remains limited to select partners on the panel. |
What to do if funds have not arrived
- Check that you signed the credit agreement and finished every verification step (OTP, bank-feed consent, identity check).
- Look in your bank account for pending or uncleared entries.
- Phone the lender, not Letocredit, using contacts from your credit agreement.
- If the lender stays silent and your account was debited without a matching credit, escalate to the NCR complaint line or the National Consumer Tribunal.
FAQ — Receiving funds
Can I receive the loan in cash? No. Partner lenders pay electronically into a South African bank account or, with select partners, onto a card. Cash collection is not offered.
How long does it typically take to receive money? Most partners pay within the same business day. Applying during business hours improves your odds of same-day processing.
Can the loan be paid into someone else's account? No. Disbursement goes only to the bank account in your name on the credit agreement.