1
LendPlus
Service type: Direct credit provider, according to its termsOperator: Lendplus Technology (Pty) LtdCosts: quotation required
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Reviewed 2026-09-22
First-loan promotions in South Africa
How to test a first-loan or zero-interest promotion against fees, eligibility rules, repayment dates and the formal quotation.
What this search should mean
“First loan free” is marketing shorthand, not a complete price. A promotion may apply only to interest while initiation, service, insurance or default-related costs remain possible.
Use the formal quotation to calculate total repayment. If the amount repaid exceeds the amount received, identify every difference before calling the offer free.
A practical decision process
- Confirm that the promotion applies to your amount and term.
- Check whether it is limited to new customers or one application channel.
- List initiation, service, insurance and optional charges.
- Record the expiry and repayment date.
- Compare the promoted offer with at least one non-promotional quotation.
Worked example: If R1,000 is advanced and the quotation requires R1,080 in total, the transaction costs R80 even when the advertised interest line is zero. The quotation, not the slogan, defines the obligation.
Before adding a repayment
Do not take credit solely to use a promotion. The offer is relevant only when a real, affordable need already exists and the full repayment is competitive.
For any credit option, verify the legal provider in the NCR register and compare the pre-agreement statement and quotation. The National Credit Act and NCR Form 20 explain the framework; the provider's document contains the figures for your application.
Compare service types, then quotations
The directory includes both direct and intermediary services. Read each profile to understand who operates the site, who may receive data and which entity would provide credit. Placement is commercial, not a personal recommendation.
2
FinPug
Service type: Information and intermediary serviceOperator: Livornica AM LLCCosts: quotation required
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3
Crezu
Service type: Loan-matching intermediaryOperator: Fininity OÜCosts: quotation required
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4
LetoCredit
Service type: Information and comparison serviceOperator: Livornica AM LLCCosts: quotation required
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