Clear answers before you apply.
Review common questions about loan amounts, interest, processing, payout and documentation.
Review the answers before applying.
Understanding the application conditions, required documents, repayment terms and timing helps you make an informed decision.
How much may I apply for?
Standard applications range from R10,000 to R500,000. On selected occasions, special requests above R500,000 and up to R2,000,000 may be considered after enhanced assessment. Email or write to LENDTEL for the requirements.
What interest rate is used?
The website uses a fixed annual interest rate of 6%. The formal quotation must state the approved amount, repayment period, interest rate, monthly instalment and total repayment.
Is same-day processing available?
Complete applications may be processed on the same business day. Missing information or additional verification may extend the process.
Is same-day payout guaranteed?
No. Approved payment may be completed on the same business day only after verification, signed agreements and all required checks are completed within banking cut-off times.
Does applying guarantee approval?
No. Submission does not guarantee approval. Every application is assessed.
What documents are normally required?
Common documents include identification, proof of income, recent bank statements and proof of residence. Product-specific applications may require more.