Lulalend Loans Review
Easy to apply
Approval time
No hidden condition
Renewal rules
Service quality
Customer support
Borrower requirements
  • You must be 18+
  • Reside in the SA and have a valid ID
  • Provide proof of your income
  • Have an active checking account
  • Bank account
  • Credit or Debit card
Contact information
Phone number: 087 250 0014
Monday - Friday 08:00 - 18:00

Lulalend offers unsecured business funding up to R5 million for businesses with a yearly turnover of at least R500,000. You repay your advance amount and monthly cost in standard installments over six or 12 months.

They use your historical financial data to judge your business health and can approve funds in hours versus weeks or months for traditional funders. They also have transparent costs compared to other lenders.

Loan parameters
  • Loan amount
    R10,000 – R5,000,000
  • Interest
  • Term
    3 – 12 months
  • Age
    18+ years


In a world where time is money, Lulalend’s mission is to save clients time by reducing the number of steps in the lending process. This is done by providing a fully online experience from start to finish. This way, SMEs can spend less time applying and more time growing their business. The company’s lending industry knowledge and technology allow them to offer a highly transparent service. The company uses a combination of data sources to assess the health of a small business, which helps them make decisions faster and more accurately.

To apply, a small business owner simply fills out a short form on the website. They are required to provide their business details and banking information. Once this is submitted, they will receive a decision within minutes. Once approved, they can access the funds from their bank account. The company can then disburse the loan amount to their client within 24 hours. The repayment terms are flexible, with options ranging from six to twelve months.

In addition to its innovative platform, Lulalend has a dedicated team of human analysts to ensure that the company can meet the needs of each individual SME. This is essential in ensuring that their customers get the best possible deal. It also allows them to provide an exceptional level of customer service, which is reflected in the company’s high retention rates.

Moreover, the company is able to offer its borrowers an unparalleled level of transparency, with no hidden fees or preconditions. This is especially important for SMEs that are just starting out, and it is one of the reasons why they are able to offer such low interest rates on their business loans.


Unlike traditional lenders, Lulalend takes into account the financial needs of small and medium businesses. This is done through a comprehensive credit assessment process, which includes alternative data sources and online business data. The company even has tools that digitize offline data from uploaded paper-based bank statements, making it easier for SMEs to get approved.

Using innovative technology, Lulalend is helping to address South Africa’s growing need for small business financing. Its innovative scoring model evaluates a business’s performance and financials to make an accurate risk assessment. This enables the company to provide financing in hours instead of weeks or months, which is typical for traditional lenders.

In a survey, Lulalend found that 69 percent of local SMEs stated that access to financing would significantly help their business grow. Consequently, it has launched an initiative to support the growth of these enterprises by offering business loans. The initiative will enable them to fund the necessary capital for operations, equipment purchases, and other essential expenses. In addition, the company will also fund bridging finance to help a business bridge cash flow gaps.

Lulalend loans are easy to apply for and offer transparent pricing information. This makes them a great option for small business owners. They also offer flexible repayment plans, which allow you to pay either a sixth or a twelfth of your loan amount each month. This way, you can avoid paying hidden fees and save on interest.

As a member of The South African SME Finance Association, the lender follows a code of conduct that encourages responsible lending to small businesses. Founded in 2014, the company aims to help plug the country’s $20 billion SME credit gap and empower entrepreneurs. Its advanced technology and data-driven assessments allow it to assess creditworthiness for SMEs, even those with no history of credit or poor credit scores.


Whether you are looking to take your business to the next level or simply need more funds for day-to-day expenses, a Business loan can help. However, it is essential to understand how this type of funding works before making any decisions. You should also compare different options to make sure that you get the best deal possible. Fortunately, there are a number of ways to obtain a Business loan that is quick and convenient. One option is to work with a specialist that can provide you with the funding that you need.

The company’s technology-driven approach to client acquisition, credit processing, and loan monitoring allows it to disburse loans much faster than traditional banks. It also offers flexible loan amounts and repayment terms. As a result, Lulalend is able to meet the needs of small businesses that are underserved by traditional lenders.

With 2.4 million SMEs in South Africa, the majority of which employ 60 to 70 percent of the country’s workforce, these businesses are a critical driver of local economic success. However, they are often left behind when it comes to funding and suffer from a credit gap that is estimated to be worth more than $20 billion per year.

To tackle this issue, Lulalend has launched an online lending platform that is designed to deliver fast and easy access to financing. The platform offers a number of benefits, including a fully digital experience, no upfront costs, and no hidden fees or early settlement penalties. It also provides a quick decision, and the funds can be in your account in as little as 24 hours.

The company believes that SMEs are the backbone of our economy and they deserve an awe-inspiring lending experience. They understand that time is money and are committed to ensuring that their clients have more of it to devote to their business. They believe that a better lending experience leads to greater prosperity and a more vibrant community.


Getting financing for a business is one of the biggest challenges facing entrepreneurs in South Africa. Many businesses have to wait months before a bank can process a loan application. The delay is due to high transactional costs, perceived risks, and lack of understanding of the business environment. However, online lenders are using innovative technology to provide quick and affordable business loans. These solutions are helping to solve the problem of access to funding.

One such lender is Lulalend, an Accion Venture Lab portfolio company in South Africa that specializes in serving small businesses. It offers business advances of up to R5 million and a repayment term of up to 12 months. It also provides ongoing customer support services and keeps all documentation completely confidential. The firm has distributed hundreds of millions of dollars in loans to small businesses.

Lulalend is the first online provider of funding to small and medium-sized enterprises (SMEs). Its credit underwriting uses internal metrics that include a proprietary scoring algorithm and diverse data sources. It claims that this approach allows it to provide financing to SMEs in hours rather than weeks or months, which is typical of traditional banks.

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Nokuthula Fourie
I use not the first time and every time only positive reviews. Quickly issue the necessary money at low interest rates.
Dumisani Govender
First time using this service and was satisfied. Thanks to the manager who helped me figure out and choose the best loan online.
Claudia da Silva
The site and online service are convenient, save time, and you can register at any time, they work 24/7. I have a bad credit history and I honestly indicated everything in the questionnaire. Received the money the next day.
Ursula Van Vuuren
Thank you for the fast processing of the loan application! Approved despite bad credit history
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