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Business loans offered by Fundrr

Updated

  • Business loans up to R500,000
  • Repayment up to 12 months

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Fundrr homepage

Author Fundrr. Screenshot of Fundrr website. [Accessed June 26, 2020]

About Fundrr

Applying for a business loan with Fundrr is the fastest way for you to receive the funds needed to grow your small business.

The idea of fundrr was born in 2017, and by the end of 2018, it had grown into a fully fledged lender to SMEs. Founded by entrepreneurs, they’re in the unique position of understanding the needs of small businesses from a unique vantage point.

No surety? No problem!

Applying for a business loan in South Africa can be a rather lengthy process with no guarantees that your loan will be approved. Fundrr’s solution to that is providing you with an option that takes a fraction of the time and doesn't require surety.

Fundrr is interested in seeing your business grow. They’ll tailor a loan to suit your needs and offer you flexible repayment terms. An example of this is their willingness to accept repayments on a daily, weekly or monthly basis.

Loans of up to R500k 

You can apply for between R20,000 and R500,000 with a fixed interest rate with between 3 and 12 months to pay it off. Your loan could be approved within hours, and once approved, funds could reflect in your account before the end of the day.

For example, if you were to borrow R100,000 and would be willing to pay it off over 6 months, you’ll be charged a fixed interest rate of 17%. To pay this back you can choose one of the following options:

  • R 19,500.00 per month
  • R 9,740.00 bi-weekly
  • R 4,493.09 per week
  • R 780.00 per day

Best of all you pay no application, administration, or membership fees. Fundrr is a tech savvy lender who understands that small businesses are the lifeblood of South Africa. To that end they want to smooth your road to success.

Fundrr Services

Funder offers you more than just a business loan.

They invite you to make use of their partner offerings and brokering schemes. This service comes in handy when you’re having problems with slow debtors or suppliers who can’t deliver. This is a fantastic networking opportunity.

They’re a member of the Alpha Code group. Alpha Code was launched in 2015 by RMI (Rand Merchant Investments). The purpose of RMI is to shake up the landscape of South African financial institutions to encourage change and growth.

Alpha Code finds and supports entrepreneurs in the financial sector and creates opportunities for them to flourish. Fundrr takes great joy in lending a hand to local entrepreneurs.

What makes Fundrr a better option than traditional banks?

As an SME, applying for business loans through a bank is a double edged sword. Banks can offer you more attractive interest rates and their terms will be fair but, at the expense of flexibility.

On the other hand, because they’re large financial institutions, they operate from a profit point-of-view and don’t take the volatile and complex nature of running a small business into account.

Advise and tools to start and grow your business

You can also check out the blog section on Fundrr’s site where they offer free financial advice and a few tips on how to build up your business.

With fundrr there are no hidden costs. If you decide to settle your loan early you’ll save money since Fundrr won’t charge you early settlement fees.

They have branches in Cape Town and Johannesburg. You can contact them by email, phone or even using social media. They encourage you to contact them with any questions.

Fundrr Product Details

  • Loan Type Business loans
  • Loan Amount up to R500,000
  • Repayment 3 months to 12 months

Summary of Services

  • We assess your business
  • A free and seamless loan application
  • Funding within 24 hours
  • Your information is safe and secure

The lender built by entrepreneurs

Applying for a business loan with Fundrr is a safe and easy process.

Fundrr complies with the Data Protection Act and take your online privacy very seriously. Reasons to apply for a quick loan from Fundrr:

  • No queues
  • Free application with no strings attached
  • No hidden costs
  • Paperless online loan application
  • Pay them by debit order
  • Loan approval within 24 hours
  • They have no access to your bank account
  • Flexible repayment options

Working with a lender focused on small businesses

Small businesses make up around 60% of our economy yet when it comes to business funding you get left behind because you don’t fall into neat financial categories. Fundrr is working hard to remedy that. They want small businesses to grow and help boost the South African economy by creating jobs and more opportunities for youth. The application Process is simple:

  1. Visit Fundrrr’s website and fill in the online application form
  2. Give them permission to check your credit history
  3. Wait 24 hours for your loan to be approved

When choosing a lender, it’s best to select one that’s dedicated to your business. Fundrr offers you a simple online loan application for a loan that suits you, no red tape or hidden charges.

You can turn down their offer at any time before the agreement is signed and the funds are credited to your account.

Make Funder your first choice

With them you’ll never have to wait six weeks for loan approval. How you repay your loan is up to you. They’ll partner with you to solve the problems that are holding your business back from reaching its full potential.

Customer Reviews & Testimonials

May 2020

We got a big order just after our quiet season, I had no idea how I was going to pay out the supplier. Fundrr came through for us just in time!

Jan H
— Ventersdorp —

March 2020

My bakery is still running thanks to Fundrr business loans!

Patience J
— Johannesburg —

December 2019

I would recommend Fundrr to anyone with a small business. Their service is awesome and they sort out your loan so quickly!

Danny B
— Bloemfontein —

Fundrr Contact Details

Physical Address

  • 2 Merchant Place Fredman Drive Sandown, Sandton Johannesburg 2196 South Africa
  • Get Directions

Opening Hours

  • Monday Open – 24 hours
  • Tuesday Open – 24 hours
  • Wednesday Open – 24 hours
  • Thursday Open – 24 hours
  • Friday Open – 24 hours
  • Saturday Open – 24 hours
  • Sunday Open – 24 hours