Lime24

Lime24 eligibility and documents

Lime24's privacy policy sets a minimum registration age of 18. Its FAQs and application information request:

• A South African ID number, cellphone number and email address.
• Bank account and employment details.
• The latest three months' bank statements showing the most recent three salary deposits.
• Income and living-expense information for the affordability assessment.

Lime24 checks income, expenses and credit information. Its FAQ lists poor credit history, insufficient affordability, low salary and debt review among possible reasons for declining an application. A fixed minimum salary or credit-score threshold was not verified. Meeting the document requirements does not establish approval or access to the advertised maximum.

Who should consider a Lime24 payday loan?

This type of credit may suit a one-off essential expense when the agreed repayment leaves enough for living costs and existing debts. A term extending beyond your next payday needs a clear repayment schedule; do not assume the advertised 90-day maximum means three equal instalments.

Compare other short-term borrowing options using the same amount and repayment date. For a larger expense needing longer repayment, compare personal loan terms and total costs. If borrowing is repeatedly needed for essentials or existing repayments, consider debt counselling before adding another obligation.

How Lime24 applications and repayments work

Application process and the CreditZA redirect

Check the lender before entering your details. Lime24's main application buttons currently lead to CreditZA. CreditZA's documentation identifies Century Financial Services (Pty) Ltd, NCRCP20790; it does not establish that Lime24's advertised conditions apply to the resulting offer.

Lime24's published process involves providing personal, banking, employment and affordability information, submitting bank statements, and reviewing the pre-agreement quotation and loan agreement. Its FAQ describes electronic acceptance using an SMS code and authorisation of a DebiCheck debit order. For a redirected application, follow the destination provider's requirements and check its own privacy policy before consenting.

The agreement should identify the lender, cash advanced, total repayment, collection dates and payment method. Lime24's FAQ describes repayment by debit order on the agreed due date.

How long does payment take?

Lime24's FAQ describes weekday payout cycles rather than unconditional instant payment. Approvals before 14:00 Monday to Friday are described as entering that day's payout run, with funds expected within 12 hours afterwards. Later approvals move to a subsequent run, with a separate Saturday arrangement described in the FAQ. These are provider estimates, not tested turnaround times, and should not be assumed to apply to CreditZA.

Repayment support and complaints

For a Lime24 account, contact 010 442 6722 or support@lime24.co.za. Its responsible-lending information says borrowers facing difficulty can contact it to discuss a repayment plan. Obtain any revised arrangement in writing.

For an agreement issued by Century Financial Services, its published contacts are 021 054 1057 and clientsupport@centuryfinancialservices.net. Complaints involving an alleged National Credit Act breach can be referred to the National Credit Regulator on 0860 627 627 or complaints@ncr.org.za.

Questions to ask before accepting an offer

• Who is lending? Does the agreement name Lime Loans South Africa or Century Financial Services, and which published conditions apply?
• What will leave my account? Confirm every repayment amount and date, including interest, initiation fees, service charges, VAT and any insurance.
• How is interest calculated? Which daily rate applies, and is interest charged on a financed initiation fee as well as the cash advanced?
• Is insurance required? Ask for the premium, exclusions, waiting periods, benefit limits and any option to substitute suitable existing cover.
• What changes if I pay early or late? Request the settlement calculation, applicable arrears charges and procedure for arranging repayment support.

Lime24 advantages and limitations

• Online document submission: Lime24 describes a digital process, including manual bank-statement uploads, which can suit borrowers who prefer to apply remotely.
• Small advertised starting amount: The R500 minimum allows a smaller request than borrowing the full advertised limit, subject to assessment.
• Early settlement: Its FAQ says it does not charge for early repayment and explains how to obtain a settlement amount.
• Application uncertainty: The CreditZA redirect introduces a different contracting provider whose offer must be assessed separately.
• Pricing uncertainty: The calculator's interest basis differs from the displayed new-client rate, limiting its usefulness for a reliable cost comparison.
• Repayment pressure: Initiation and service fees increase the cost of a small advance, while a short repayment window can leave little room for unexpected expenses.

Lime24 interest, fees and total borrowing cost

The Lime24 homepage displays the following pricing without a separate effective date:

• Daily interest: 0.16% for new clients and 0.1% for subsequent clients. Confirm which category applies to your offer.
• Initiation fee: 16.5% of the first R1,000 borrowed plus 10% of the amount above R1,000, limited to 15% of the loan amount, plus VAT.
• Service fee: R69 per month. Confirm the charge for partial months and the full agreed term.
• APR: No representative all-inclusive annual percentage rate was identified in the reviewed public material. The daily interest figure excludes other borrowing costs.

Calculator discrepancy: The public calculator's calculation uses 0.1% daily interest on the loan amount plus its calculated initiation fee, while the accompanying text specifies 0.16% daily for new clients. Its result should therefore not be presented as a verified new-client quotation. Ask the contracting lender to reconcile the interest rate, interest-bearing balance and fee calculation in writing.

Illustration: initiation cost on R1,000

Applying the published 15% initiation-fee cap to R1,000 gives R150 before VAT, or R172.50 assuming 15% VAT. This is an editorial illustration of one fee only. Service charges, interest and any required insurance are additional; it is not a total-repayment estimate or a personalised offer.

Insurance and redirected offers

The reviewed Lime24 material did not establish a compulsory credit life policy or premium. That does not establish that an offer is insurance-free. CreditZA's terms say certain facilities may require credit life insurance and identify an Aspis policy underwritten by 1Life. Cover is subject to exclusions, waiting periods and benefit limits, including conditions affecting pre-existing illnesses and retrenchment. Confirm the actual policy and premium before comparing total costs.

Early settlement and missed payments

Lime24's FAQ states that early repayment carries no additional charge. Obtain the settlement amount through your account and pay it for the specified settlement date; outstanding principal and accrued charges still need to be settled.

Its responsible-lending information warns that arrears may lead to continued interest, credit-bureau reporting and collection or legal action. The reviewed material does not provide a complete, quantified default-charge schedule. Check the agreement and request a breakdown of any arrears balance.

Is Lime24 worth considering?

Lime24's strongest published feature is its online process for requesting a relatively small advance. Its main limitation is the uncertainty between the displayed Lime24 product and the redirected application. Compare the actual lender's total repayment and collection schedule with other payday loan options. Proceed only where the written terms are clear and repayment fits without further borrowing.

Lime24 payday loan FAQs

Is Lime24 registered, and does its registration cover CreditZA?

The NCR register returned Lime Loans South Africa (Pty) Ltd under NCRCP8077 on 11 October 2026. CreditZA identifies a separate provider, Century Financial Services (Pty) Ltd, NCRCP20790. Check which company appears on your quotation and agreement: its terms, repayment instructions and complaints contacts apply. Registration does not establish that either provider offers the lowest borrowing cost.

Can a first-time borrower get R8,000 over 90 days?

Lime24 advertises R500–R8,000 over 5–90 days, but a separate first-loan maximum was not verified. The advertised ceiling is not an initial borrowing entitlement. Also, 90 days does not establish three equal monthly instalments: check the number, size and dates of repayments. When comparing providers, distinguish a maximum available to qualifying customers from the amount and repayment structure actually offered to you.

Will I receive Lime24's advertised terms if I apply through CreditZA?

That has not been confirmed. Lime24's main application buttons currently redirect to CreditZA, whose documentation names Century Financial Services. The reviewed sources do not establish that Lime24's rates, repayment periods or early-settlement conditions transfer to the redirected offer. CreditZA's terms also allow compulsory credit life insurance for certain loans. Check whether a premium applies and request the policy's exclusions, waiting periods and benefit limits.

Can I apply without payslips or with irregular income?

Lime24's published requirements specifically include three months' bank statements showing the latest three salary deposits, alongside your South African ID number, contact, banking and employment details. The reviewed material does not establish that payslips alone replace those statements, or that irregular or self-employed income is accepted. If your income does not follow the stated salary pattern, confirm acceptable evidence before completing an application.

Does Lime24 consider bad credit or applicants under debt review?

Lime24 uses affordability and credit information when assessing applications. Its FAQ lists poor credit history, insufficient affordability, low salary and debt review among possible reasons for rejection. No minimum credit score or assured bad-credit acceptance was verified. A small loan request or a history of borrowing from Lime24 does not establish eligibility for another loan.

How do Lime24's costs compare with other payday lenders?

Lime24 displays daily interest of 0.16% for new clients and 0.1% for subsequent clients. Additional published charges are an initiation fee of 16.5% of the first R1,000 plus 10% above R1,000, capped at 15% of the loan amount, plus VAT; and a R69 monthly service fee. These fees mean a lower daily interest rate may produce only a modest saving on a small loan.

Compare written quotations for the same cash received and repayment schedule, including any required insurance. No representative all-inclusive APR was identified. Lime24's calculator also uses a different interest basis from its displayed new-client rate, so its result is insufficient to establish that Lime24 is cheaper than another provider.

Is a five-day Lime24 loan free or interest-free?

A current five-day free borrowing promotion was not verified. Five days is the advertised minimum term, not evidence of waived interest or fees. Even an interest discount would not establish that initiation and service charges are waived. Any promotional quotation should show exactly which charges are reduced and the total amount repayable.

Will repaying Lime24 early remove the loan fees?

Lime24's FAQ says it does not charge for early repayment, but this does not establish that the original initiation fee or charges already accrued are refunded. Request a dated settlement quotation showing the outstanding capital, interest and fees. Compare that amount with the remaining scheduled repayments to establish the actual saving. An agreement issued by Century Financial Services requires checking that provider's settlement conditions separately.

Does Lime24 pay immediately, including on weekends?

Lime24's FAQ describes payout batches rather than unconditional instant transfers. Approvals before 14:00 Monday to Friday enter that day's 14:00 run, with funds expected within 12 hours afterwards. It also describes a 07:00 Saturday run for approvals after 14:00 Friday but before 07:00 Saturday. These are published estimates, not tested arrival times; approval, payout instruction and money becoming available are separate stages. Confirm the schedule directly if your application is redirected to CreditZA.