Built for South African registered credit providers, micro-lenders and stokvel-backed schemes: rand books, debit order and EFT repayments posted against the loan, and an affordability assessment written around the National Credit Act.
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Built for Lenders in South Africa
Lendbox is loan management software in South Africa for NCR-registered credit providers and micro-lenders: one rand loan ledger with accounting under it, so the affordability record the National Credit Act requires, the schedule the consumer signs and the figures in a return all come from the same loan. See how Lendbox compares with other loan management platforms.
How a South African micro-lender runs its book on Lendbox
The National Credit Act puts the affordability assessment at the front of every loan. These are the stages a registered credit provider already runs; Lendbox keeps the assessment, the agreement and the repayments on one record.
Add the consumer with the ID number, employer and bank details on file, and let AI document verification check the uploaded ID, payslip and bank statement before the assessment.
Run the affordability assessment from the payslip and bank statement, with the discretionary income calculation kept against the loan so it can be shown later.
Print the quotation and agreement with the cost of credit itemised the way the Act requires, and route the loan through the approval ladder with every decision logged.
Post the month's debit order run as one bulk batch from the Excel template, and record EFT repayments against the loan as they land. Reminders go out by SMS, email or WhatsApp.
Ageing buckets and portfolio at risk by product, branch and officer give the days-past-due figures a statutory return is built on, drawn from the loans rather than tallied at quarter-end.
Lending in South Africa
South Africa regulates consumer credit through one Act and one regulator. The affordability assessment, the pre-agreement quotation and the cost-of-credit caps are the heart of it, so the software has to keep the record each of them produces. If your South African book is mostly personal loans — unsecured, assessed from a payslip and repaid by debit order — our buyer's guide sets out what to look for in an online loan management system.
National Credit Regulator (National Credit Act, 2005)
A lender above the registration threshold registers as a credit provider and submits statutory returns. Lendbox supplies the loan ledger side: ageing buckets per loan, portfolio at risk by product and branch, and a double-entry general ledger with trial balance, P&L and balance sheet.
Section 81 affordability assessment
Every credit agreement must follow an affordability assessment of the consumer's income, expenses and existing obligations. Lendbox keeps the assessment on the loan, including the payslip it was read from, and the free affordability calculator on this site is written around the same rules.
Interest, initiation and service fee caps
The Act caps interest and fees by credit type. Lendbox prints the pre-agreement quotation and schedule with interest, initiation fee, service fee and credit life itemised, so the consumer sees the total cost before signing.
TransUnion, Experian, Compuscan, XDS
Registered credit providers submit consumer credit data to the bureaus. Lendbox keeps the full repayment and arrears history per consumer, so the record you submit from is the one your officers see.
Informal savings groups, NASASA-affiliated
Stokvels that lend to members from the pool need a record per member. Lendbox's group loans track each member's share of one loan and split a group repayment per member, and the rand books stay separate from the group's savings.
Sources · National Credit Regulator · National Credit Act, 2005 (Act 34 of 2005) · NASASA — National Stokvel Association of South Africa · Reviewed .
Money in South Africa
The book, statements and reports run in rand. Repayments reach you by debit order or EFT, and Lendbox records them against the loan; it does not sit in the collections flow.
Set the workspace currency to rand once and every loan, schedule, statement and financial statement follows.
Post the month's debit order run as one bulk batch, and record EFT repayments against the loan when they land.
Staff loans and payroll run in the same workspace, with the South Africa statutory preset applied to each pay run.
Pricing
Plans are billed in US dollars by card; the rand amounts below are an indicative conversion, and the rand your bank debits will include its own rate and any foreign-transaction fee. See the full loan management software pricing in South Africa.
Prices shown in South African Rand (ZAR)
ZAR 420
/month
Billed yearly at ZAR 5,000
ZAR 1,500
/month
Billed yearly at ZAR 18,000
ZAR 2,300
/month
Billed yearly at ZAR 27,000
ZAR 3,150
/month
Billed yearly at ZAR 37,000
Yes. The affordability tab on each loan records the consumer's income, deductions and existing obligations, reads the payslip (including by AI import), and compares the proposed instalment with discretionary income. The assessment stays on the loan with the documents it was read from, so it can be shown later.
The loan agreement and repayment schedule print with interest, initiation fee, service fee and any credit life itemised, so the consumer sees the total cost of credit before signing. The wording of the agreement is yours to set in the document editor.
The month's debit order run is posted as one bulk batch from an Excel template, one row per consumer, with a preview that flags any row that will not match. EFT repayments are posted by an officer as they land. Lendbox does not run the debit orders; your bank or bureau does. Either way the payment sits on the loan from the day it is posted, so arrears show without a spreadsheet to reconcile against the bank statement — the hassle a loan tracking system exists to remove.
For the lending side, yes. A group loan records each member's share of the principal, and a repayment from the group is split per member. The stokvel's savings pool stays in the account it lives in; Lendbox does not hold deposits.
Yes. The payroll module ships a South Africa preset with PAYE and UIF, and staff loan repayments are deducted on the pay run. Lines your HR policy adds, such as medical aid, are configured per employee.
Lendbox gives you days past due per loan through the ageing buckets and portfolio at risk by product, branch and officer. You present them in the form the return takes; Lendbox does not file the return.
Basic, for one branch and one staff login, is where a small credit provider starts; Business and Growth add branches and staff. Each plan is charged in US dollars by card, and the pricing grid on this page shows the rand equivalent at an indicative rate alongside it.