Rating based on 39 reviews

Ithala

Updated October 14, 2024

Making it happen together
KZN based
Agricultural loans

Ithala homepage — Author Ithala. Screenshot of Ithala website.
[Accessed December 12, 2022]

About Ithala

Ithala was previously known as KwaZulu Finance & Investment Corporation Limited.

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

They were established in Durban, South Africa in 1968 where they're still based. Ithala 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. They aim to deliver economic growth and empowerment services in South Africa.

Their corporation provides financial services which include business loans as well as insurance and property services. Businesses can take advantage of development and finance, strategy, IT, marketing, audit and risk assurance services. You can find saving and investment solutions and home loans.

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

Ithala Services

Ithala 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.

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 their business loans. 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, the loan amounts always correspond to the size of the company.

Ithala – Business loan

Loan Type Business loans

Benefits of Ithala

Agricultural loans
Working capital term loan
Flexible business finance solutions

Business loan calculator

Ithala's business loans is your ticket to success

It's not easy to start a business venture in South Africa, especially if you don't have solid finance.

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

Finance for small businesses

Ithala is a corporation providing financing to individuals and businesses in the KwaZulu-Natal province of South Africa. They cater primarily to small and mid-sized businesses that are unable to access the commercial loan facilities available from traditional banks. You should definitely consider the Ithala business loans if you're just starting out and you don't 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 their 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 their business loans.

Based on the prime lending rate

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

Ithala is a trusted & reliable provider of business loans

In our review, Ithala adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Ithala is a registered credit provider in South Africa: NCRCP610