image of Ithala
image of Ithala

About – Ithala

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. Three strategic business units (SBUs) are responsible for the major activities of the Corporation in the field of development.

saving and investment solutions

The Corporation provides financial services which include business and micro finance and 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.

Services – Ithala

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

The short-term loans and finance 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.

Summary of Services

  • Agricultural Loans
  • Vat Loans 
  • Working Capital Term Loan
  • Co-operatives Loans ​

Ithala Business Loans - Useful for Achieving 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 requires the use of business or personal loans, no matter whether it is big or small. Read this Ithala business loans review to find out whether the products of this lender will be suitable for your company.

providing financing to individuals and businesses

Ithala is a corporation providing financing to individuals and businesses in the KwaZulu-Natal Province of South Africa. It caters 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. You have very high chances of getting finance.

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 our business financing.

no fixed minimum and maximum amounts

There are no fixed minimum and maximum amounts with the Ithala business loans. Still, since the loans are for small and micro businesses you should not expect them to offer millions of rands. The loan amounts always correspond to the size of the company. Another thing to note is that Ithala may not be able to offer 100% finance for business ventures, projects and other initiatives. This can be somewhat of a drawback especially if you do not have access to any finance available from other lenders.

based on the prime lending rate

The interest rates are based on the prime lending rate. They are quite competitive especially to what the major banks have to offer. The fees are affordable as well. If you want an affordable loan, this is the lender to work with. This review concludes that the Ithala business loans are an excellent choice for small businesses that are active in their communities. They are easily accessible and affordable.

 Contact Details

303 Dr Pixley KaSeme (West) Street, 15th Floor, Delta Towers, Durban, 4001, South Africa
Ph: 031 366 2500
Fx: 031 907 5685
Em: [email protected]

 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 –