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You can now get a business loan of up to R5m from Telkom. Here’s how to get it | Businessinsider

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You can now get a business loan of up to R5 million from Telkom and get an answer on whether you are approved about 24 hours after applying.

Business Insider SAYou can now get a business loan of up to R5 million from Telkom.Loans of between R20,000 to R5 million are available.

Loans of between R20,000 to R5 million are available, which can be paid back over three to twelve months on a daily or weekly basis. “Business funding from Telkom Lend will ensure that small businesses are able to scale and grow with fast funding without the need to put up any collateral,” says Sibusiso Ngwenya, Managing Executive, Telkom Financial Services.or call 10217, where they will be checked for eligibility against its automated scoring model.

Businesses which make the loans can settle them in full without needing to pay a penalty for early settlement.

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