Loan terms in Lulalend
Amount 20000...1500000 R
Term 30...365 days
Rate 2,00 ...6,00 %
Ways to obtain Bank card, Cash account
Repayment options Personal account, Bank card, Cash account
Application processing speed 20 min
Payout rate within 24 hours
Documents Pass, Telefon
Work schedule Around the clock
Prolongation perhaps
Official employment not necessary
Age, years 21

Loan in Lulalend

Guided by its mission statement, Lulalend strives to see small businesses thrive.

Founded back in 2014, Lulalend is an online lending firm offering services to small businesses in South Africa. It is known for its fast and easy access to working capital for SMEs. The company offers such services as bridging and inventory finance, credit facility, equipment financing, and refinancing.

Security & Service

Lulalend is registered and regulated by the National Credit Regulator (NCR) and is a member of the South African SME finance association. Its license has not been revoked. This means that it’s a legit lending company with trustworthy services.

Unlike banks where you have to fill long forms to access funds, Lulalend offers clients funds by their current performance. Early loan repayment is profitable as they don’t charge early repayment fees.

Small business enterprises can access Lulalend from anywhere at any time as it is an online platform. However, their official working hours are from 8 am to 5 pm Monday to Friday.

Personal Lulalend Profile

To apply for the services offered by Lulalend online, every enterprise must sign up for an account. The sign-up form is trivial and it doesn’t take more than 5 minutes to complete the Lulalend registration. To sign up one has to fill the following details:

  • First Name
  • Last name
  • Email Address
  • Time in Business
  • Annual Revenue

Then, you must provide details of your business, including financial details.

After creating an account, you can access it by Lulalend Login. In a profile, you can see the terms and the amount of your loan, as well as the remaining period to pay out your loan.

Loan Terms

Lulalend has two plans – 6 and 12 months. You are required to service the loan 1/6th or 1/12th (depending on the chosen plan) of the amount financed in advance plus a monthly cost. For the first 2-4 months, the monthly costs are 2-6% of the amount received in advance (depending on the plan). Then, its 2% for the remaining months.

The company classifies business financing not as a loan but as an advance because it doesn’t have interest rates but a fixed cost.

Note that there are no Lulalend personal loans but only business ones. A business has to meet the following requirements:

  • A company has to work for at least 1 year;
  • It must have annual revenue of R 500,000 and more;
  • It MUST be located in South Africa.

To find out whether an organization qualifies for a Lulalend personal loan, the lender uses historical financial data. So, you must provide the latest 3-month bank statements. No other documents are required as the rest of the information is captured when undertaking the online application process.

The lender checks and verifies customer’s credit information using the Compuscan database. You can check out a history independently in the credit bureau to check if information indeed reflects your credit score.

How to apply for a loan

An application for an advance with Lulalend takes only a few minutes and includes the following steps:

  1. Select the kind of funding you want.
  2. Enter some standard personal and business information.
  3. Upload your latest bank statements or link to your online banking account.
  4. Wait for approval.

You can also directly call their representative on 087 943 2381 and get the assistance.

Lulalend keeps your personal and business information safe and secure.

With its scoring technology, your business current performance is evaluated and you can receive the funding that suits your business the best.

A decision is made in a matter of minutes with no extra obligations. You can access the credit immediately.

Once the company approves the application, you get the funds to your bank account in 24 hours.

The costs are transparent and easily understandable. Repayment is also easy as all you have to do is to pay the standardized installments in 6 or 12 months.

Lulalend Review

Its transparency and swift release of funds make the lender one of the most preferred online lenders in South Africa. Also, it doesn’t ask for too many details when a business is seeking for funding, unlike the traditional banks. Online, paperless, and easy to pay Lulalend loans have benefitted many small businesses across South Africa.

Most small businesses have termed Lulalend as the best organization to seek funding if you are a small enterprise.

Pros and Cons


  • Fast loan disbursement – usually in less than 24hrs;
  • Easy and fast to apply as you do it online;
  • Effective customer care representatives to answer any query;
  • Cheap and easy repayment terms.


  • No loans to individuals
  • The company doesn’t consider collateral to finance a business
  • Startup businesses are not funded unless they have been in business for at least 1 year.

Lulalend Contact Information

You can get assistance using the following channels:

  • Phone Numbers: 087 943 2381 / 021 201 1550
  • Email Address:
  • Physical Address: 3rd Floor Pier Place
    Heerengracht Street
    Cape Town
    WC 8000

Reviews about Lulalend (3)

Write a feedback
3 reviews
Rate of issue :
Transparency of conditions:
Service quality:
My business was doing well and I was sure that I could repay any amounts I received from financiers. I was in business for 9 months. I approached Lulalend but they refused claiming that my business had not finished a year in operation. I think this is something they should consider changing and fund business by their current performance
I was looking for an advance to help me get through one week as my clients had been late with payments. I did not get help from Lulalend as it only offers advances in two plans only 6 months and 12 months. This is quite limiting and some businesses may find this plan not effective. If they want to reach more market I propose they make their plans more flexible and fluid.
Lulalend are efficient in what they do, I was able to expand and purchase the required office equipment for my printing business after applying for an advance. It only took 24 hours and the funds reflected on my bank account. I highly recommend.

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