LendPlus

LendPlus is an NCR-registered micro-lender (registration number NCRCP17814) that specialises in short-term payday loans for employed South Africans. With a focus on speed and simplicity, LendPlus approves applications in approximately 15 minutes and deposits funds to your bank account within 5–10 minutes of approval. The entire process is handled online — no branches, no paperwork, no guarantors.

Loan Products

LendPlus Payday Loan

First-time borrowers can access up to R4,000 with repayment terms between 65 and 90 days. Returning customers who have built a positive repayment history may qualify for higher loan amounts and improved interest rates. All loans are unsecured — no collateral is required.

Interest Rates and Fees

• Interest rate: 36% to 60% per annum
• Returning customers: Eligible for the lower 36% per annum rate
• Initiation fee: As per NCA regulations
• Monthly service fee: As per NCA regulations
• Early repayment: Available via OZOW payment system

As with all regulated short-term lenders in South Africa, LendPlus charges fees within the caps set by the National Credit Act. The OZOW early repayment option allows you to settle your loan ahead of schedule and reduce total interest paid.

Application Process

1. Apply online on the LendPlus website — no branch visits needed
2. Submit your SA ID, employment details, and banking information
3. Receive an approval decision in approximately 15 minutes
4. Funds are deposited to your account within 5–10 minutes of approval
5. Repay via DebiCheck debit order on your agreed date

Eligibility Requirements

• Minimum age: 23 years
• South African citizen or permanent resident
• Employed with a regular monthly salary
• Active South African bank account
• Valid SA ID document
• Not under debt review or sequestration

Who Is LendPlus Best For?

LendPlus is well-suited for employed South Africans who need a small, fast loan to cover an unexpected expense before their next payday. The 5–10 minute payout is among the fastest in the market. Returning borrowers benefit from lower rates, making LendPlus increasingly cost-effective over time for those who use short-term credit responsibly.

Pros

• Very fast payout — 5–10 minutes after approval
• Fully online — no paperwork or branch visits
• NCR registered (NCRCP17814) — regulated and compliant
• Lower rates (36%) for returning customers
• Early repayment option via OZOW
• No collateral or guarantor required

Cons

• Maximum R4,000 for first-time borrowers
• Higher rate (60% p.a.) for new customers
• Minimum age 23 — excludes younger borrowers
• Short repayment window (65–90 days)

Regulatory Information

LendPlus is a registered credit provider with the National Credit Regulator. NCR registration number: NCRCP17814. All products comply with the National Credit Act 34 of 2005.