Initiation Fee: 2.85% of the loan amount (not exceeding R1000)
Monthly Service Fee: Available upon application.
Minimum Loan Amount: Available upon application.
Maximum Loan Amount: Available upon application.
Minimum repayment period: 12
Maximum Repayment Period: 48
RainFin - A first for corporates in South Africa. Obtain funding from an alternative yet affordable source and build goodwill while doing it.
What you need to know:
Raising finance through RainFin creates competitive pricing and generates brand awareness and loyalty
An eligible corporate needs to have a good credit rating determined by a reputable credit rating agency or banking institution
An origination and annual facility agent fee for administration, marketing and management will be charged
Charges are negotiated on a loan-by-loan basis
Rainfin Business Loan
Product: Business Loan
Minimum Loan Amount: R10,000.00
Max loan amount: R750,000.00
Min repayment period: 12 months
Max repayment period: 48 months
A Rainfin Business Loan is hassle free business finance at an affordable rate. You will access a business loan through a peer-to-peer lending marketplace that can help your business get financing fast.
What you will need to apply on the lending marketplace
Must be a South African Business.
Have a fairly good to great business credit rating.
Directors are required to have a good credit rating.
An annual turnover of over R1 Million.
Have proof of transactional history.
What you can expect
Affordable Finance For Businesses Big Or Small. Get competitive rates and returns due to multiple lenders competing in loans, thereby driving interest rates down.
Flexible Loan Repayment Terms. Apply for a loan from R10 000 to R750 000 and repay your loan over 12, 24, 36 or 48 months.
Better Rates With Smart Technology. RainFin's unique scorecard takes a comprehensive look at your business' overall financial health and potential - not just its credit score.
A Trusted, Credible And Compliant Lender. RainFin is an accredited and registered financial services and credit provider who you can trust.
Fincheck is a financial comparisons website that organises information to assist the borrower in making their best financial decision. Fincheck gathers information from numerous banking partners and presents it to the borrower in a simple, understandable way. Lenders benefit from an additional market place and extensive customer reach. Loan amounts vary from lender to lender. Fees, interest rates, loan amounts and credit scores influence the repayment terms. Lenders require personal details to control their risk and assist the government to combat theft, money laundering, terrorism. Fincheck does not endorse any particular product or company. We are an independent company. The information shown and provided is an opinion, based on numbers and must not be seen as advice or consultation.
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