LendPlus: loan details and how to apply
NCR-registered South African credit provider (NCRCP17814) offering short-term online loans of up to R4,000, applied for entirely online.
Updated 27 October 2026 · Checked by the Zaim.com editorial team
What LendPlus is
LendPlus is an online short-term lender operated by Lendplus Technology (Pty) Ltd, a South African company (registration 2023/805154/07) that states it is a registered credit provider with the National Credit Regulator under number NCRCP17814. Unlike a comparison service, LendPlus lends its own money: it assesses your application, issues the credit agreement and collects repayments. The company works only online through its website and mobile app and says it does not accept walk-ins or ask for payments through unofficial channels.
Loan conditions at a glance
| Item | Details |
|---|---|
| Loan amount | From R500 up to R4,000 |
| Term | Short-term; the calculator on the site starts at 5 days (up to about 35 days according to advertiser data) |
| Decision | From about 15 minutes, 24/7 according to the FAQ |
| Repayment | Debit order from your verified bank account (DebiCheck), or online payment |
| Extension | Possible: apply in your profile at least 2 days before the due date and pay accrued interest and fees |
The FAQ says the limit of R4,000 is available to repeat customers, so a first loan may be smaller. The site does not publish an interest rate or fee table; the exact interest, initiation fee and monthly service fee appear in the pre-agreement statement and quotation you receive before you sign.
What you need to apply
- A valid South African ID.
- Your latest 3 months of bank statements, which can be shared with your consent through the TruID service.
- A valid cell phone number.
- A bank account for the payout and the debit order. The Terms state that you must be over 18.
How to apply
- Choose the amount on the loan calculator and create an online profile.
- Complete the client form with full and accurate details; the site says this takes about 7 minutes.
- Share proof of income through TruID or upload your bank statements.
- If the affordability assessment is favourable, you receive an offer subject to final review.
- Accept the credit agreement and confirm the DebiCheck mandate in your banking app. The money is then paid to your account.
What a loan can cost
Under the National Credit Act, the cost of a loan is made up of interest, an initiation fee and a monthly service fee. LendPlus does not publish its rates on the website, so an example calculation is not possible here. Use the pre-agreement statement to compare the total repayable amount with your monthly budget before accepting.
Advantages and drawbacks
- Registered credit provider with a published NCR number and a Cape Town physical address.
- Fully online process with video guides for getting bank statements and confirming DebiCheck.
- Free extension service, apart from the interest and fees due.
- Payout to an eWallet is available when banks are closed, according to the FAQ.
- Small amounts and short terms mean the cost per rand borrowed can be high.
- Rates and fees are shown only after you apply.
- A late payment attracts a late fee and may be reported to credit bureaus.
- Approval is not guaranteed and depends on an affordability check.
Borrow responsibly
A registered lender must check that you can afford the loan. Borrow only what you can repay on the due date, and if you struggle with existing debt, speak to a registered debt counsellor before taking new credit.
Frequently asked questions
Is LendPlus a registered credit provider?
Yes, according to its website. Lendplus Technology (Pty) Ltd states company registration 2023/805154/07 and National Credit Regulator registration number NCRCP17814.
How much can I borrow from LendPlus?
The FAQ says amounts of up to R4,000 are approved, and that this amount is available to repeat customers. The calculator starts at R500.
How long does approval take?
The site says application review and the money transfer take from 15 minutes and are available 24/7, and that processing during business hours takes 15 minutes to 2 hours. Bank transfers may be delayed on weekends, so an eWallet payout can be chosen instead.
What documents do I need?
A valid South African ID, your latest 3 months of bank statements and a valid cell phone number.
Can I extend my loan?
Yes. You can apply for an extension in your personal account from 2 days before the loan expires. You pay the accrued interest and fees and sign a new agreement.
How do I repay?
A debit order is arranged on your verified bank account. You can also repay early or late in your personal account using Capitec Pay, EFT, OZOW, card, Google Pay or Apple Pay, or pay in store.
| Official website | https://lendplus.co.za |
| Legal name | Lendplus Technology (Pty) Ltd |
| Registered address | 10th Floor Offices, 2 Long Street, Cape Town City Centre, Cape Town 8000 |
| Credit provider registration | NCRCP17814 |
| Phone numbers | +27 87 107 9722 |
| support@lendplus.co.za |