Frequently asked questions

Getting a cash loan for your business is easier than you think.

What do I need to apply for an unsecured business loan?

To apply for a business loan from Yalu.co.za you will need to have been in operation for a year or more with an annual turnover of R1 million. Your business will need to be registered with the CIPC and the lender must be able to review your sales through credit card sales, EFTs, debit orders, or POS payments through your business bank account. A poor credit rating may affect your application.

Do I need to visit your physical location to get a loan?

No. Our whole business loan application process takes place online to keep things simple fast and effective. Once you have sent your loan application through, it will be reviewed and a loan manager will get in contact with you to confirm your information and let you know if anything further is required to process your loan.

Where does the money from my loan come from?

Yalu uses a number of loan originators to provide our clients with the loan that best suits their requirements. These include banks, private lenders, Pollen BEE programs, as well as the Business Development Fund in South Africa and Namibia.

Start-ups and businesses that are bankrupt or foreclosed cannot apply for funding. No personal loans will be granted either.

The typical loan from Yalu is paid back in 26 weeks using weekly debit orders.

Our loan originators are all accredited with the National Credit Regulator of South Africa.

A once-off interest fee of 25% is charged by the lender on the loan amount.

Loan approval time varies depending on documentation requirements and the loan amount. It is not unusual to have loans paid within 24 hours.

From R50,000 up to R6 million are available from Yalu.

We’ll need 6 months of bank statements to start your loan application and ensure you have adequate cash flow.

  • CIPC registration
  • Consent to credit search
  • Copy of lease agreement or bond
  • Copy of Director’s ID
  • Latest VAT statement
  • 6 months bank statements
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