Complete this contact form and we will contact you to structure your funding solution.
For more information about applying for a Genfin business loan, read through our FAQ’s.
Find out exactly how a Genfin business loan works, by going through the FAQ’s listed in this section.
Our default repayment period is six months; however, if you require a shorter or longer term loan we can structure anything from a one month bridge loan up to a twelve month loan.
We remain flexible to your business needs. You can contact your consultant at any time to discuss alternative repayment terms, be it an early settlement or re-financing over a longer period.
Once you have repaid more than 50% of your loan you can access additional funds. We will refinance your loan, rebate 100% of your outstanding interest on the original loan and issue a new loan for the amount so that you always have the simplicity of a single loan. You will receive a monthly statement showing the balance outstanding as well as the amount available to you.
We submit a weekly or monthly debit order to your bank account.
We calculate a fixed once-off interest charge between 5% and 40%, upfront on the loan amount. The interest charge is paid in equal instalments over the term of the loan. Where the repayment period is longer and/or the risk of the applicant higher, the fixed interest charge could be up to 40%. Similarly, for shorter repayment periods, low risk applications and/or larger amounts the interest charge could reduce to 5%. As long as your account is not in arrears, there are no other charges.
Please use our payment calculator to see the cost and repayment terms for your required funding amount.
You can either:
Apply online using our simple four step application process or,
Call Genfin where a consultant will help you complete your application telephonically.
Once the application process has been completed, your dedicated consultant will request you to submit certain documents for evaluation. Once approved, pay-out into your bank account is immediate.
When you apply, we will allocate a dedicated Genfin consultant to work with your application. Your consultant will address any queries you may have during the lifetime of your loan and assist with any further lending request you may have.
For all approved loans, funds will be available within a week from the date Genfin receives the required supporting documentation.
We take a number of factors into account when structuring your funding solution and determining the interest charge. There is no simple formula, but we work in 4 categories to determine an overall score.
Security (only if insufficient score in other categories)
This will be determined by the nature of the applicant. We would typically require documents such as bank statements, a lease agreement, certificate of incorporation and management accounts.
We require at least one year of trading history and a turnover of more than R1m. As a start-up business, these criteria would not be met. Where a business already meets these requirements, however, and wishes to pursue a new idea within the business, the expansion programme would be eligible for assistance from Genfin.
Thank you to the Genfin team who organised and approved the short term funding we required to import coffee machines from abroad. We needed the funds within 3 working days from the date we were introduced to you and it was done! If we received the funds later, we would have lost the import special offer as well as lose on the exchange rate.
It is always great to work with a company who stands by their commitments and deliver what was promised.
CEO – The Coffee Co.
Been having dealings with Britt on a transaction. I have been in the service related industry for MANY years and am truly amazed at the lengths Britt has gone to assist a referral of mine which gives me enormous comfort in referring clients of mine to Genfin.
She is really a SUPER Star.
Thanking you and looking forward to a long and beneficial association!
Property Finance Specialist - Mortgage Max
Genfin was very helpful when we approached them! We were in the process of buying new property and had a shortfall on the deposit. We needed the money within 7 days to cover this.
A friend mentioned that I should search for companies that provide funding based on your turnover. I found Genfin online and filled out their online form. Someone got in touch with me within a short space of time. After completing the application, Genfin got back to me within 2 days to inform me that my loan has been approved and they were transferring the money to our account. My problems were solved, I paid for the property and today we are trading from it. Thanks to Genfin our business is solid and growing.
I would like to express my deepest gratitude for the services received from GENFIN, in response to application for funding for our business. We had two days to raise sufficient funds to meet our critical month end obligations.
Your 24hours turnaround time exceeded our expectations. Even the terms and cost of the loan is highly competitive.
The speed of service, professionalism and efficiency received from your staff has been incredible. Your simple and straight forward processes makes the application smoother and painless.
In addition, the compassion you demonstrated, specifically during the time of need is really great.
Executive Director | Master HR Professional | Bayajula
Phone 087 6544 300
Waterfront Terraces | Unit 4&5 First Floor | 3 Waterfront Road | Tygerwaterfront | 7530
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