Lime24

Lime24 is an online lending service brand owned by a company named Lime Loans South Africa (Pty) Ltd which is registered in the Republic of South Africa. They operate in more countries than South Africa so they have experience to serve people on different continents and in different languages. But when we talk about South Africa then you have to have a South African Identity Document, one active South African bank account and a cellphone with a South African number, in order to to receive a loan with Lime24. If they approve your application then the loan funds are transferred to your active bank account. Consider, that your bank account must be within the Republic of South Africa.

Advantages of Lime24

They offer fast and secured application processing. Money will be transferred right after you application is approved. In the same time your data is protected because the company works with National Credit Regulators and legislations of the Republic of South Africa. They offer good transparency as there are no hidden fees as the total cost is always visible to you during the application process. Also, you can check your total costs directly from your individual profile. Third and maybe the best advantage with Lime24 is that they offer very unique loyalty program. They reward their clients with tiered program where you can achieve more and more benefits after every taken loan. When you have repaid more than 3 loans you can save 20%. Repaying more than 6 loans and you can save 35%. And as a gold level you can save 50% when repaying more than 9 loans.

Requirements for the borrower

• You need to create a profile.
• Bank account details need to be provided. There you have to show your last 3 month bank statement.
• If you want the process to be quicker and more convenient they offer truID platform integration possibility. That way you can directly connect your bank and Lime24 application. Though, this is not mandatory, you can always manually upload your bank statements.

FAQ – Frequently asked questions about Lime24

Why should I choose Lime24?
Their loan application is quite quick and it is easy to fill it. The information you need to provide is quite basic and you only need to send your bank statement. In addition, you start getting a discount after you have paid back at least 3 loans and the discount goes up to 50%.

How long it takes to get the money from Lime24?
The money will be transferred quickly as they have very clear rules. Payments made before 2:00 PM between Monday to Friday will be credited into your bank account by 7:00 PM on the same business day. Payments made after 2:00 PM or on weekends or on national holidays will be credited into your bank account on the next business day by 7:00 PM.

How can I pay back my loan?
Paying back your loan is easy. You just need to go to your Lime24 profile (Sign in with your phone number). After signing in you can just click “Repay” button on the screen.

May I repay the loan before the initial repayment date?
Yes, you can repay your loan at any time and there will not be any penalties, restrictions or extra costs.

Can I trust Lime24 with my bank account number?
That seems to be very safe because when you do that on their application page, they use encrypted ways, protected by security tools. They also say on their website that all services are audited very regularly by consultant firm Trustwave Holdings. That is done to meet all the requirements of the international systems like Mastercard and Visa.