Biznews features Lamna on the rise of asset-based financiers in South Africa

Biznews features Lamna on the rise of asset-based financiers in South Africa

Lamna was recently featured on www.biznews.com. Find out why asset-based financing is on the increase in South Africa.

Lamna was recently featured on www.biznews.com. Find out why asset-based financing is on the increase in South Africa.

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ILLUSTRATIVE EXAMPLE

Client borrows R10,000 for 90 days.

Loan Amount
Repayment Period
Monthly Interest
Total Cost of Loan
Initiation Fee
Monthly Fee
APR
R10 000
3 months
R500.00
R2 914.50
R1 207.50
R569.00
60%

Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.

APR & Loan Repayment Period

Fixed rates range from 36% to 60% APR and payment options range from minimum 3 to maximum 24 months. Apart from the initiation and monthly fees shown below, the only additional fee is credit life insurance if the borrower does not have this already.

Non-Payment

Non-payments may result in the matters being escalated.

Renewals

All accounts may be renewed if they are up to date.

Collection

All payments are made via EFT or direct deposits into Lamna’s bank account. There are no debit orders.

Biznews features Lamna on the rise of asset-based financiers in South Africa

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Biznews features Lamna on the rise of asset-based financiers in South Africa

Apply Online

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Biznews features Lamna on the rise of asset-based financiers in South Africa

Apply Online

Biznews features Lamna on the rise of asset-based financiers in South Africa

Apply Online