First loanR500-R4 000
Returning customerUp to R6 000
Repayment terms1-3 months
Choose a term that fits
Lendeka’s short-term loan is an unsecured loan paid into a verified bank account in your own name. The borrowing limit depends on the term and whether you are applying for the first time. Choosing a limit in the calculator does not make it your approved limit.
| Repayment term | First loan | Returning customer |
|---|---|---|
| 1 month | R500-R2 000 | R500-R2 000 |
| 2 months | R500-R4 000 | R500-R4 000 |
| 3 months | R500-R4 000 | R500-R6 000 |
A smaller loan over a shorter term usually costs less overall. A longer term spreads the principal repayments but adds monthly service fees and interest. Compare the full amount to repay, not just the first instalment.
What you pay
Interest is 3% per full month on the outstanding principal. The once-off initiation fee is R60.00 and the service fee is R30.00 per full month. Fees include any applicable VAT; no tax is added to the displayed total. There is no compulsory credit life insurance. Partial-month charges and actual repayment dates are set out in your final quotation.
| Cost | Amount |
|---|---|
| Amount paid to you | R1 500.00 |
| Interest: 3% for one full month | R45.00 |
| Initiation fee | R60.00 |
| Service fee: one full month | R30.00 |
| Credit life insurance | Not charged |
| Total to repay | R1 635.00 |
This example assumes one full monthly period and payment on time. The money paid to you is R1 500; the initiation fee is included in your first repayment, not deducted from the payout or added to the interest-bearing principal.
Who can apply?
At least 18 years old and resident in South Africa.- A valid South African ID and a South African bank account in your own name.
- Verifiable income and enough room in your budget for the repayments.
- Current contact, income, expense and existing-credit information.
All applications require credit and affordability checks. Read the full requirements.
When a short-term loan may not fit
A loan should cover a defined, manageable need. If your income already falls short of essential expenses, or you would need another loan to make the repayments, pause. Read our guidance for financial difficulties and consider speaking to an NCR-registered debt counsellor.
Already borrowed with Lendeka?
Returning customers are assessed again. An eligible, fully repaid previous loan may qualify for the R30 Together initiation-fee benefit. The benefit does not change the interest rate, affordability checks or approval process.
Is there compulsory insurance?
Can I take more than one loan?
See the effect of the repayment term
For the same amount, spreading the principal across more months reduces each principal payment but adds time-based costs. Compare one, two and three months side by side, including every repayment. Then check the largest payment against your budget.