Lender
Rating by Finanso®
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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Apply For Lime

Lime Loans application process is simple and easy for borrowers looking for short term help. Borrowers can start the application online through the Lime Loans website. The application will ask for basic personal and financial information, including ID and recent bank statements showing income. Once submitted Lime Loans digital platform will process the application quickly and if approved funds will be deposited into the borrowers bank account. This quick application process means borrowers can get the help they need fast.

Terms

  • Lime Loans offers loans from R500 to R8,000 to qualified borrowers.
  • Borrowers can choose repayment terms up to 37 days to suit their needs and financial situation.
  • Lime Loans interest rates are based on the loan amount and repayment period, we will communicate the rates to you.
  • Lime Loans may charge a service fee which will be disclosed upfront and included in the total repayment amount.
  • You may be eligible for an interest discount if you pay back the loan before the agreed repayment date.

Requirements

  • Borrowers must provide correct personal details including their South African ID number, contact information and residential address.
  • Applicants must have an active South African bank account to receive the loan funds electronically.
  • Lime will require recent bank statements usually covering the past 3 months to verify the applicant’s income.
  • While Lime Loans will consider applicants with different credit profiles, meeting the minimum eligibility criteria and showing the ability to repay the loan is key.
  • Borrowers must register for a Lime Loans account and agree to the terms and conditions before applying for a loan.

Reasons for Decline

  1. Incomplete or incorrect information. If the applicant provides incomplete or incorrect information during the application process, it will decline.

  2. Insufficient income. Lime Loans will assess the applicant’s ability to repay the loan based on their income. If the applicant’s income is not sufficient to cover the loan amount and fees, the application will decline.

  3. Poor credit history. While Lime Loans will consider applicants with different credit profiles, a history of defaults, late payments or other negative credit listings may decline the application.

  4. Bank account issues. Applicants must have an active South African bank account to receive the loan funds. If there are issues with the bank account provided such as it being inactive or closed, the application will decline.

  5. Not meeting the eligibility criteria. Lime Loans has specific eligibility criteria that applicants must meet to qualify for a loan. If the applicant does not meet the criteria such as being over 18 years old and a South African resident, the application will decline.

Additional Resources

Sources

FAQ

How long does it take to get approved by Lime?

Lime Loans has a fast approval process for loan applications, get instant access to cash. Once you submit the loan application, our digital platform will process the application and get back to you as soon as possible. You can expect to get an approval notification within a short period of time so you can resolve your financial needs.

How soon can I get the funds?

Once approved, we will prioritize the disbursement of funds to approved borrowers. We will transfer the funds directly into the borrower’s bank account. Payments made before 2:00 pm between Monday to Friday will be credited into the bank account by 7:00 pm on the same business day.

Is Lime Loans trustworthy?

Lime Loans is fully regulated and prioritises security and transparency. Registered with the Company Intellectual Property Commission and the National Credit Regulator, Lime Loans has strict security measures and regulatory standards in place to protect your personal and financial information. Plus Lime Loans’ ethical lending and open communication means you can trust us as a financial service provider if you’re looking for short term solutions.

Does Lime Loans check income?

Yes, Lime Loans will verify your income as part of the application process. To assess your ability to repay the loan, Lime Loans may request recent bank statements for the past 3 months. This verification helps us determine if your income can cover the loan amount and fees. By verifying income we can ensure responsible lending and reduce the risk of defaults.

Does Lime Loans affect your credit score?

Regarding credit score impact, Lime Loans’ application process doesn’t do a hard inquiry on your credit report so it won’t affect your credit score. Lime Loans will consider applicants with different credit profiles and doesn’t say that applying for a loan will affect your credit score. However you need to manage your finances responsibly and pay your loans on time through Lime Loans to maintain or improve your creditworthiness over time.

Offers
Lime
Payday Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
500.00 – 8000.00 R
Term
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Loan term for the financial product

5 days – 37 days
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