Telkom muscles into banks' turf with business loans

the latest telecommunications operator to muscle into the banks’ traditional area of expertise, this time offering loans to small businesses.Telkom Lend offers an end-to-end digital process with zero paperwork, promising an answer to applicants in a fraction of the time it takes banks to provide loans to small businesses, it said.

Funding ranges from R20 000 to R5-million, depending on monthly turnover. Funding can be paid back over three to 12 months on a daily or weekly basis, depending on business cash flow, said Telkom Financial Services managing executive Sibusiso Ngwenya in a statement. “Money will be paid into the account once approved within 24 hours to use for various needs, including expanding a business, purchasing equipment or renovating premises.”

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

What’s Next — Makgosi Mabaso discusses Telkom Business Endless Fibre for SMBsMakgosi Mabaso meets with Aki Anastasiou to discuss how SMBs benefit from Telkom Business Endless Fibre.
Источник: mybroadband - 🏆 11. / 67 Прочитайте больше »

Telkom is now in the lending businessTelkom Business has launched Telkom Lend, a platform that enables small businesses to apply online for funding and get an answer within 24 hours.
Источник: BusinessTechSA - 🏆 24. / 61 Прочитайте больше »