CREDIT APPLICATION
Are your customers looking to improve their home but are short on capital? We can help your customers finance their home improvements.
How do they qualify?
All your customers need to do is answer the four questions below and complete all five steps.
Do you have full-time employment?
Do you have your latest payslip?
Do you have a South African ID?
Are all your accounts up-to-date?
DOWNLOAD OUR ENGLISH CREDIT APPLICATION FORM
DOWNLOAD OUR ZULU CREDIT APPLICATION FORM
Apply for credit with these easy steps…
Step 1
Take a quick test
For an immediate response: customers can SMS their “ID number* surname* initials*
and gross salary” to 42997/ Vodacom Users to 30633 (free SMS)
Alternatively you can call:
086 000 3030
Please note, you must have the following information from the customer to conduct a Quick Test:
- ID number
- Surname
- Initia
- Gross salary
You will be informed of your customer’s status:
- Submit
- Borderline
- Decline
Other important numbers:
086 000 6060 for Repeat Business
086 000 4040 for Account Queries
Step 2
Complete the Application Form with required supporting documentation. If the Quick Test results in a response of “Submit” or “Borderline” the following documents should be faxed to Lendcor on 031 305 3031.
1. Credit Application (fully completed) and latest Payslip:
- Payslip if the customer is paid monthly
- Payslips if the customer is paid fortnightly
- Payslips if the customer is paid weekly
2. Three months’ bank statements to correspond with the latest payslip/s and ID Document.
The customer can follow one of these tailor-made options to suit their requirements:
- 6 Month facility from R1 000 to R5 000
- 9 Month facility from R1 000 to R10 000
- 12 Month facility from R1 000 to R20 000
- 18 Month facility from R2 000 to R20 000
- 24 Month facility from R2 000 to R30 000
- 36 Month facility from R5 000 to R50 000
Pensioners
A category for pensioners will be considered. Government pensioners may qualify if they do not have any other accounts.
The following documents are required:
- ID documentation
- Pension slip
- Copy of pension card
- Three months’ bank statements (if available)
- Application Form
Pensioners can select one of these tailor-made options to suit their requirements:
12 Month facility of R1 500
18 Month facility of R2 000 (NEW)
Step 3
On approval, Lendcor (Pty) Ltd will fax you a Facility Agreement to be signed by the customer.
NB: Breakdown of Payments
To merchant and Third Party on the Facility Agreement explaining the split of the facility. It is your responsibility to ensure that the goods supplied will be the value of the payment to the merchant and not the facility amount.
Delivery should take place within 60 days of the facility approval date. These forms must be completed and faxed back to 031 305 3031. Should the time period expire a new Application must be submitted.
Please courier or post original documents to Lendcor (Pty) Ltd:
Physical Address:
Durban Bay House
Second Floor Suite 201/202
333 Anton Lembede Street
Durban
4001
Postal Address:
P O Box 3297
Durban
4000
Step 4
Payment will be made to the merchant only once we have received signed copies of the following via fax:
- Facility Agreement
- Delivery Note/ Invoice
- Copy of ID for repeat business/ marketing
NB: The above documents must be fully completed and signed by the Customer and merchant.
Step 5
Repeat Business:
For repeat business, please call Lendcor's call centre on 086 000 6060.
Settlements:
If the client has an existing facility and has completed paying 50% of the Facility instalment, he/ she can then re-apply for a new facility settling the outstanding amount. Settlement amounts are valid for 7 days only from date of issue.
Clients can check their Lendcor account balances by dialling *120*4000# and following the instructions.
CANCELLATIONS OF PAID APPLICATIONS
Follow the below process when an application has been paid and the client then cancels.
Merchant/ client is to complete the cancellation letter and fax it to Lendcor (Pty) Ltd on 031 305 3031. A letter will then be sent to the merchant requesting a refund within 14 days upon receiving the cancellation letter.
If Lendcor (Pty) Ltd has not received a refund within that time, the money will then be offset from the merchant’s next payment. The Facility Account will only be cancelled once all money has been received by Lendcor.
Customers can now pay at any branch of:
Shoprite
Pick ‘n Pay
SA Post Office
Banking details:
Standard Bank
Branch: Westville
Branch Code: 045426
Account Number: 053081684
FNB
Branch: Durban
Branch Code: 221426
Account Number: 62056370861
ABSA Bank
Branch: Durban
Branch Code: 630126
Account Number: 4059454715
Pensioners can now conveniently pay their monthly instalments at any SA Post Office using the Pensioner Payment Schedule, which is available to you, the merchant.