Rating based on 21 reviews

Mercantile Bank

  • Business loans up to R1,500,000
  • Low-interest starting from 12.10%
  • Repayment up to 72 months

In-page navigation

Mercantile Bank homepage
Author Mercantile Bank. Screenshot of Mercantile Bank website.
[Accessed April 6, 2023]

About Mercantile Bank

Mercantile Bank is a bank that delivers business and commercial banking and lending services to the South African market with a focus on Portuguese-owned and operated businesses.

They offer a range of business loans and financial products and services that are designed to maximise income and support your business in every way possible.

How they differentiate themselves from the rest

Since they're a specialist provider of financial services to businesses they are able to impart expertise and professionalism that cannot be matched by mainstream banks and smaller alternative lenders who operate online. They are able to offer personalised service to customers which is why they're easier and more welcoming and understand their customers better.

Mercantile Bank Services

They offer highly flexible business bank accounts to registered businesses operating in South Africa as well as a range of business savings accounts that are designed to offer you maximum returns.

This includes their money market accounts, fixed deposit, and business savings accounts which you can access as a client of Mercantile Bank.

Looking for a business-term loan?

Mercantile Bank offers debit cards, drive cards, and credit cards for business use as well as insurance solutions and a range of business lending options. This includes business overdrafts tailored to your business needs, asset finance, property finance, and business term loans.

Mercantile Bank – Business loan

  • Loan Type Business loans
  • Interest Rate from 12.10%
  • Loan Amount up to R1,500,000
  • Repayment 160 days to 72 months

Benefits of Mercantile Bank

  • Only pay interest on finance used
  • Competitive interest rates

Business loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This business loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Try their unique business finance solutions and fund your business today

Their business term loans offer you a great deal of flexibility, varied repayment terms, competitive interest rates, and fees and a great deal of peace of mind knowing that you're in good hands.

If you would like to find out more about their business finance solutions please call them via their nationwide call centre, send them an email, or complete their contact request form.

What you can do to increase my chances of getting my loan approved

If you are really looking for a business loan, you need to evaluate how you spend your money within the business. Once you have managed to find common ground about what is necessary and what isn’t better.

Like any other entrepreneur, you should try your level best to save as much as you can. There is no telling when you might need an advance plan in the future so you need to ensure that your credit profile isn’t negatively compromised.

My business loan application was turned down

As much as they would like to help everyone that comes knocking on their doors or drops an email to them, they can’t help a business that isn’t coping financially. This is usually the common reason why they will have no other choice but to decline your business loan application.

They will always give you valid reasons as to why they had to decline your credit request. This doesn’t stop you from applying again in the future if you see that you can afford a business loan with Mercantile Bank. They will still help you and your business.

man holding thumbs up

Mercantile Bank is a trusted & reliable provider of business loans

In our review, Mercantile Bank adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Mercantile Bank is a registered credit provider in South Africa: NCRCP19

Customer Reviews & Testimonials

September 2018

Mercantile Bank gave me and my business the opportunity to change history by approving my business loan application.

Steve W
— Johannesburg —

March 2019

Without the financial assistance I got from Mercantile Bank regarding my business loan application, I don’t know where I would have been.

Mercia G
— Upington —

April 2019

The business loan application at Mercantile Bank was fast, easy and straightforward.

Emily W
— Fochville —

Mercantile Bank Contact

Physical Address

  • The Edge Building, 3 Howick Close, Tygerfalls Cape Town Bellville 7530 South Africa
  • Get Directions

Postal Address

  • P O Box 5436 Tygervalley, Cape Town, 7536, South Africa

Opening Hours

  • not available