A loan that's clear from the start — and a coach to help you grow.
Lumora Loans gives working South Africans honest personal loans. You see every rand of the cost upfront, and every loan comes with free financial coaching.
Loan calculator
Move the slider to see what you'd repay each month.
- Interest rate
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- Once-off initiation fee
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- Monthly service fee
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- Total cost of credit
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- Total you'll repay
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This is an estimate at the maximum rates and fees the National Credit Act allows; your actual quote may be lower. Every loan depends on a credit check and an affordability assessment. Fees include VAT.
Apply for this loanHow it works
Four simple steps. We do things properly, because a loan should help you, not hurt you.
Apply online
Apply on this website in about 10 minutes — or WhatsApp or call us.
Upload your documents
Your ID, latest payslip and 3 months of bank statements — photos are fine.
We check affordability
We look at your income, expenses and credit record, and only lend what you can comfortably repay.
Sign and get paid
You get a full written quote first. Once you sign and approve your debit order, the money goes into your account.
Who can apply
- South African ID holders aged 18+
- Employed and earning a regular salary
- Have a South African bank account
- Not currently under debt review
What you'll need
- Green ID book or smart ID card
- Your latest payslip
- 3 months' bank statements
- Proof of address (not older than 3 months)
Our promise
- We'll explain every cost before you sign
- We'll never lend you more than you can afford
- You can settle early without a penalty
- We treat you with respect, always
What a loan costs
No surprises. These are the only charges on a Lumora loan, and the law sets the maximum for each one.
| Charge | Lumora short-term loan (R500 to R5 000, up to 6 months) |
|---|---|
| Interest | Up to 5% per month on your first loan in a calendar year, up to 3% per month on later loans that year |
| Initiation fee (once-off) | R165 plus 10% of the amount above R1 000, never more than R1 050 (plus VAT) |
| Service fee | R60 per month (plus VAT) |
| Credit life insurance | Optional. You may use your own existing policy. |
Free financial coaching with every loan
A loan is a tool. We want you to come out stronger on the other side. Every Lumora client gets free coaching on:
- Building a budget that works on your salary
- Getting out of debt step by step
- Saving for your goals and emergencies
- Understanding and improving your credit score
Questions people ask
Can't find your answer? WhatsApp us — a real person will help.
How long does it take?
Once we have all your documents, we'll do the checks and come back to you as soon as possible. You'll always get a written quote before anything is final.
Will you check my credit record?
Yes. The National Credit Act requires every registered lender to check your credit record and your affordability. We'll ask for your permission first.
How do I repay?
By DebiCheck debit order on your payday. Your bank will ask you to approve the debit order on your banking app or by USSD before anything goes off — nothing is debited without your approval.
Can I settle my loan early?
Yes, any time and without a penalty. Ask us for a settlement letter and you'll only pay the capital, plus interest and fees up to that day.
What if I can't make a payment?
Talk to us before your payday. We'd much rather make an arrangement with you than see you fall behind.
Is my information safe?
We only use your personal information to process your loan, and we protect it as the Protection of Personal Information Act (POPIA) requires. We never sell your information.
Ready to apply?
Apply online in about 10 minutes, or WhatsApp us and we'll guide you through it.