FREQUENTLY ASKED QUESTIONS
Targeted Funding Loans from
What is the repayment period for my Targeted Funding Loan?
You have a standard period of 26 weeks to repay your loan, with the outstanding loan amount and upfront interest charge repaid in weekly debit order instalments. You might qualify for monthly instalments. Send us a Email to best@clicknloan.co.za so we can discuss your options.
Can I extend the standard 26-week repayment period for my Targeted Funding Loan?
Send us a Send us an Email to best@clicknloan.co.za so we can discuss your options. so we can discuss a repayment plan that will suit your business cash flow.
What is the maximum loan amount?
We offer business funding with a maximum loan amount of R5m. The loan is dependent on your qualifying criteria and what amount you qualify for.
Can I apply for a Targeted Funding Loan to start my business?
Unfortunately not, you need a successful trading history of at least one year and a turnover of at least R1,000,000 per year to qualify for our Targeted Funding Loan.
What will a Target Funding Loan cost me?
We charge you a fixed once-off interest charge of 25% of the capital amount loaned to you. There are no additional charges unless you default on a weekly instalment or you wish to repay the loan over a period longer than 26 weeks.
Can I refinance my Targeted Funding Loan before I have repaid all my instalments?
Sure, once 50% of your loan has been repaid you may apply for refinancing. Send us a Send us a Email to best@clicknloan.co.za so we can discuss your options.
Can I repay my Targeted Funding Loan over a shorter period of time and will I receive a discount on the once-off interest charge?
Yes, you will receive a discount on the once-off interest charge. Send us a Email to best@clicknloan.co.za so we can so we can discuss a suitable repayment plan.
Does the business information I submit online remain confidential?
Yes, all your information is treated confidentially and will only be used by our team to obtain an application result.