Lime is an online lending company. The service positions itself as a fully automated lending platform. According to the information on the site, customers can count on round-the-clock service and quick authorization to receive loans. The company operates in South Africa on legal grounds and is controlled by the Commission on Intellectual Property. This is the official 24 hour creditor operating under the current legislation.
Requirements for getting an online loan in Lime24
Loans are granted to citizens on the basis of a number of conditions and criteria, namely:
- Presence of personal ID;
- Current account number in an African bank;
- Mobile phone number of one of the SA operators.
- Pass through paycheck as creditor;
SA citizens need to use their contact number and app to take a cash loan online. Users need to create an account, Password and provide personally identifiable information. That’s how they can use all services. Users must provide personal identity document. The Financial regulation sets these options for people’s safety.
This is a modern company that knows what customers need. The site interface has informative information about the most favorable credit conditions. All information is provided in a concise visual style. This helps customers to choose the most convenient type of lending.
Minimum application criteria
Candidates from South Africa must ensure that they meet the minimum review criteria before applying. This means that they must have a South African ID card, have an active bank account in South Africa and a mobile phone number in South Africa. A citizen who has reached the age of 18 can receive a loan sending contact details to get instant cash. The registration process is quite simple and convenient. Users do not need to spend a lot of time filling out online forms. Everything is automated and simplified.
It allows concentrating on the main aspects of lending. Also, customers will have to confirm their credit rating. Online loan approval is an important option. In some cases, the company may require copies of personal documents. The tariff can be chosen via financial services application.
Lime interest rate
Each client must know about the interest rate. The services offered are divided into groups: START, Silver, Gold and VIP. The corporation carefully hides the interest rate, but users can count on a total of 1% interest fee of the amount taken per day. The maximum loan period is limited to 65 days. Users can count on amounts from R300 to R5000.
There is also a loyalty system that allows customers to count on significant discounts when re-crediting and performing various tasks. Every customer can take money and payday loan. The cash loan results will be sent via SMS. Guaranteed loan approval is a rule for almost all SA citizens.
How to get a Lime company loan online?
The scheme for obtaining a loan is quite simple. On the main page there is an online calculator. With this option you need to select the desired amount and term of the loan. After that, the system transfers the user to the menu for creating a profile or entering an existing one.
Users need to provide standard information about them, ID number, bank card number and phone number. The verification number will be sent to the specified phone number. The second stage will be associated with data verification. Users may need to upload a copy of their personal documents and confirm a positive and reliability of credit history.
After completion of the stage, you must choose a method of receiving money. People also need to have a credit history to get the payment. People also need to find out how to check balance. It’s hard to apply online credit without email address, credit card or bank account.
Advantages and disadvantages of Lime24
The service is most convenient for beginners. To obtain an internet loan, you only need a stable Internet connection. All data is filled online. No paper work. Customers can choose from 4 rates and get their credit. The disadvantages include the need to confirm the credit rating. Only adults can get a loan. Same day loans is a perfect option for every SA citizen. The limit amount is limited, which is unacceptable for many customers. The first loan is paid with a much smaller amount than all subsequent ones.
Customers can contact the company in several different ways.
All technical issues can be resolved with company managers.
Here are a few Lime contact options:
- Telephone number: 010 442 6722;
- Fax: 011 083 5116;
- Website: lime24.co.za;
- E-mail for customers: support @ lime24.co.za;
- Physical address: 30 Lucas Ln, Bedfordview, Johannesburg 2007, South Africa.