Review of LendPlus: how to get a loan online and what are the conditions

What is LendPlus?

LendPlus is a South African financial technology company that offers fast and secure short-term loans completely online. The service is designed for people who need quick cash to cover urgent expenses and prefer a simple, paperless process.
All loan applications, approvals, and fund transfers are carried out digitally through their official website, ensuring speed and transparency at every step.

LendPlus operates as a registered credit provider under South African law (Company Reg. No. 2023/805154/07; NCR No. NCRCP17814). The platform uses advanced technology such as TruID for safe identity and income verification.

Main Loan Conditions

Borrowers can apply for a loan between ZAR 500 and ZAR 4,000, depending on their profile and repayment history.
The typical loan duration ranges from 5 to 41 days, ideal for short-term needs like covering bills or emergencies.
The maximum annual interest rate (APR) is 60%, while the daily rate is approximately 0.17%.

All loans are issued in South African Rand (ZAR) and do not require any collateral. Applications are processed in as little as 15 minutes, and once approved, funds are transferred directly to your bank account within a few hours.

Borrower Requirements

To qualify for a loan, you need to:

• Be 18 years or older
• Hold a valid South African ID
• Provide your latest 3 months of bank statements as proof of income
• Have a valid mobile phone number and bank account
  

You don’t need to have a perfect credit history. LendPlus evaluates each case individually, and applicants with previous credit issues can still be considered.

Application Process: How to Apply for a Loan

Applying for a loan with LendPlus is simple and takes only a few minutes:

1. Visit lendplus.co.za and fill out the online application form.
2. Submit your documents — ID and bank statements (through TruID verification).
3. Wait for a decision, which usually takes about 15 minutes.
4. Sign the agreement electronically and confirm the debit order (DebiCheck).
5. Receive your money directly in your bank account within 24 hours.

The entire process is 100 % online — no paperwork, no queues, and no face-to-face meetings.

Repayment and Additional Options

Repayment is made conveniently via debit order (DebiCheck).
Borrowers can also repay early without penalty, saving on interest costs.
If you need more time, LendPlus allows you to extend your loan (postpone the due date) after paying the accrued interest and requesting an extension before the maturity date.

Example of a Loan

For example, if you borrow R 1,000 for a short period, your total repayment will include the principal, interest, and a small technology service fee depending on the term.
All costs are clearly shown before you confirm your loan, so there are no hidden fees.

First and Repeat Loans

• First-time borrowers: may access up to R 2,000, depending on verification results.
• Returning customers: can borrow up to R 4,000 with faster approval and better terms.
  LendPlus rewards loyal clients with a smooth re-application process and flexible repayment schedules.
  

Advantages of Borrowing from LendPlus

• Entirely online and paperless process
• Fast approval — decision within 15 minutes
• Funds deposited within 24 hours
• Safe and confidential verification via TruID
• Flexible repayment and extension options
• No collateral or guarantor required
• Transparent fees and no hidden charges
• Accepts applicants with less-than-perfect credit
  

Final Thoughts

LendPlus is one of the most convenient online lending platforms in South Africa for short-term financial needs.
Whether you’re facing an emergency or simply need a quick boost before payday, LendPlus offers a fast, secure, and transparent way to access funds without the hassle of traditional banking.

With a fully digital process, flexible conditions, and same-day payout, it’s a reliable solution for anyone looking for a quick and affordable short-term loan.