Lime24 stands out as a direct lender for short-term loans in South Africa, offering borrowers between R500 and R8,000 with up to 90 days to repay. The interest rate is 0,16% per day for new clients and drops to 0,1% for returning clients. There are no hidden fees, with the initial fee set at 16,5% for the first R1,000 and 10% for any amount above, plus VAT and a R69 monthly service fee. The product is fully compliant with the National Credit Act (NCA).

The application process is also remarkably simple and fast. Lime24 only requires your cellphone number, SA ID number, bank account details, and your latest 3 months of bank statements reflecting your most recent salary deposits. With these in hand, you can apply online securely, and approval often leads to near-instant payment upon contract signing.

How to Apply for a Lime24 Loan

• Prepare your SA ID, cellphone number, and 3 months’ bank statements.
• Submit a fast online application with your basic details.
• Choose your loan amount and preferred duration up to 90 days.
• Receive a tailored offer after your affordability is checked.
• Sign the online contract and receive same-day payment to your account.

Lime24 Loan Advantages

Lime24’s main strength is transparency — borrowers see all rates and fees before signing. This allows for genuinely informed decisions, without surprises or hidden costs later on. Furthermore, the online platform is quick and easy to use anywhere, with approval and payout occurring within hours in most cases.

Customer data is strongly protected by advanced security and POPIA compliance, so borrowers can use the service confidently knowing their information is safeguarded. Repeat clients also benefit from lower rates, which is rare among short-term lenders.

Lime24 Loan Drawbacks

However, new clients see a higher daily interest rate than returning clients, and the initial fee structure means costs climb for higher loan amounts. The maximum available amount, R8,000, may not cover all needs for some applicants.

Another downside is you must provide salary proof and recent bank statements, which may be a hurdle if your job or income situation is irregular.

Our Verdict

Lime24 is a competitive, transparent, and reliable choice for South Africans needing a quick, hassle-free loan of up to R8,000. The entire process is fast, customer-focused, and secure. Still, it’s best for those with regular income and who can repay within 90 days. For straightforward short-term financing, Lime24 is a strong option for responsible borrowers.