Rating based on 39 reviews

Business loans offered by Ithala Development Finance

Updated

  • ➡️ Making it happen together
    *must be KZN based

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Ithala Development Finance homepage

Author Ithala Development Finance. Screenshot of Ithala Development Finance website. [Accessed April 5, 2018]

About Ithala Development Finance

Ithala Development Finance Corporation Limited was previously known as KwaZulu Finance and Investment Corporation Limited.

Prior to this, KwaZulu Finance and Investment Corporation Limited were recognised as KwaZulu Development Corporation Limited.

We were established in Durban, South Africa in 1968 where we are still based. Ithala Development Finance Corporation specialises in the management of synchronised business activities which provide a set of finance and property services within the KwaZulu-Natal Province of South Africa.

Saving & investment solutions

Three strategic business units (SBUs) are responsible for the major activities of the Corporation in the field of development. We aim to deliver economic growth and empowerment services in South Africa.

Our Corporation provides financial services which include business and micro-finance as well as insurance and property services. Businesses can take advantage of development and commercial loans and finance, strategy, IT, marketing, audit and risk assurance services. Individuals can find saving and investment solutions and home loans.

Ithala offers property development and management services to business and individuals.

Ithala Development Finance Services

Ithala Development Finance Corporation provides business loans and finance products specially designed to meet the needs of small and medium businesses in the KwaZulu-Natal Province of South Africa.

The short-term loans and financial products are available to businesses in all industries including those which are just starting out.

Designed to meet your needs

Every financial solution is designed to meet the needs of the specific business precisely. You can expect maximum flexibility and perfect affordability with our business finance. Ithala has an expert team of experienced professionals who provide assistance with all aspects of business management and growth from finance and development to strategic planning, marketing, information technology and assurance.

No fixed minimum & maximum amounts

There are no fixed minimum and maximum amounts with Ithala business loans. Still, since the loans are for small and micro businesses the loan amounts always correspond to the size of the company.

Ithala Development Finance Product Details

  • Loan Type Business loans

Summary of Services

  • Agricultural loans
  • Working capital term loan
  • Flexible business finance solutions

Ithala Business loans is your ticket to success

It is not easy to start a business venture in South Africa, especially if you do not have solid finance.

Generally, the growth and management of every business require the use of business or personal loans, no matter whether it is big or small. Providing financing to individuals and businesses

Micron finance for small businesses

Ithala is a corporation providing financing to individuals and businesses in the KwaZulu-Natal Province of South Africa. We cater primarily to small and micro businesses that are unable to access the commercial loan facilities available from traditional banks. You should definitely consider the Ithala business loans if you are just starting out and you do not have many valuable assets and a lot of cash. The chances of getting a loan are very high.

Loans are subject to lending criteria

Just keep in mind that the loans are subject to lending criteria just like all of our counterparts offered by commercial lenders. In order to qualify for finance, a company must meet a set of general criteria like job creation, use of modern technologies and working with raw materials produced in South Africa. Basically, the company has to support the local economy via its activities. At the same time, there are no precise requirements for financial performance or collateral with our business financing.

Based on the prime lending rate

The interest rates are based on the prime lending rate. We are fairly competitive especially to what the major banks have to offer and our fees are affordable. Ithala business loans are an excellent choice for small businesses that are active in their communities. Ithala Development Finance Corporation loans are easily accessible and affordable.

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Ithala Development Finance is a trusted & reliable provider of business loans

In our review, Ithala Development Finance adheres to the compliance criteria in accordance with NCA regulations, where the granting the loan will not cause financial distress to the consumer.

Ithala Development Finance is a registered credit provider in South Africa: NCRCP610

Customer Reviews & Testimonials

June 2019

They advised us when we were on the phone to come into the Durban office so that they can help us correctly and they did when we got there

Temba M
— Durban —

June 2019

Their application can take a few minutes but if you just read all the information you are needing then you will be able to apply super quickly

Jean S
— Port Elizabeth —

Ithala Development Finance Contact Details

Contact Number

E-Mail

Website

Physical Address

  • 15th Floor, Delta Towers Durban, 303 Dr Pixley Kaseme St, Durban Central Durban KZN 4001 South Africa
  • Get Directions

Postal Address

  • PO Box 2801, Durban, 4066, South Africa

Opening Hours

  • Monday 09:00 – 15:00
  • Tuesday 09:00 – 15:00
  • Wednesday 09:00 – 15:00
  • Thursday 09:00 – 15:00
  • Friday 09:00 – 15:00
  • Saturday 09:00 – 13:00
  • Sunday – Closed