Business Revolving Loan

Business Revolving Loan

Access working capital and financing for income-producing assets or for business expansion. Repay 15% of your Business Revolving Loan and you can access it again without reapplying.

What you get:

  • Apply for a Business Revolving Loan as a cashflow management tool for your business
  • Get access to additional funds in between payments and collections
  • Whether you need a medium- to long-term loan, the revolving credit is always available when you need it
  • Should you choose to settle your loan at any time, you will not be charged penalties

How it works

  • You need a Standard Bank Business Current Account to qualify for a Business Revolving Loan
  • Your funds will be made available in your Business Current Account
  • Monthly repayments for capital and interest are fixed
  • Your interest rate is personalised and linked to prime rate
  • If the interest rate changes, it will affect your repayment term but not your monthly amount
  • The minimum repayment term is 60 months
  • You can access funds again* once 15% of your limit is repaid
  • Your original term will then be extended

What it costs

  • Fixed monthly repayments
  • Once-off initiation fee: 1.26% of your approved limit
  • Monthly service fee: R69
  • Lending review fee: 1.01% of your approved limit
  • Personalised interest rate

How to get it

If you already have a Business Current Account and would like to apply for a Business Revolving Loan, you can simply

Click here to learn more

Donations via direct EFT payments to candidates

Donations via direct EFT payments to candidates

Name: Fingap
Bank: Standard Bank
Account Type: Current Account
Account Number: 371330963
Code: 051001

Click on the following link to be redirected to the Al-Fidaa Foundation website in order to make these payments and requests. Once completed kindly email your proof of payment and the following information to [email protected]

  • Donor name.
  • Donor Nature (Trust/Company/Natural Person etc.)
  • Reg no or ID no.
  • Donor Address
  • Donor Email
  • Donor Contact no.
  • Nature of Donation
  • Date of Donation
  • Donation Amount
  • Tax No
PROCEED

By making this donation you acknowledge:

  1. Once a donation has been made, all monies are kept in trust by FinGap to ensure the monies are spent as designated.
  2. All donations designated for a specific FundMyGap profile will be allocated accordingly and will be based on the criteria set out in the terms and conditions (FundMyGap Terms, Conditions and Requirements for participation) by FinGap.
  3. Should the FundMyGap applicant to whom a donation was made, not fulfill the Terms and Conditions set out to them, an alternate suitable candidate will be sourced that complies with the set Terms and Conditions, all donated monies will be then be transferred accordingly and you as the Donor will be informed of this change.

Thank You for Your Support!

We are immensely grateful for your consideration to support our candidates on Fund My Gap. Your generous donation will play a pivotal role in aiding our mission and is highly appreciated.

Expressing Our Gratitude

Once again, we extend our heartfelt thanks for your kindness and generosity in assisting our candidates at Fund My Gap. Your contribution is invaluable to us, and we are committed to ensuring it makes a significant impact.

Contact Us

If you have any questions or need further assistance, please feel free to contact us at [email protected]

Section 18A Tax Certificate

Deposits to Fingap that require a Section 18A tax certificate or BEE letter where you will be redirected to the Al-Fidaa Foundation website in order to make these payments and requests.
Proceed

How much would you like to contribute to this Gap?

By making this donation you acknowledge:

1. Once a donation has been made, all monies are kept in trust by FinGap to ensure the monies are spent as designated.

2. All donations designated for a specific FundMyGap profile will be allocated accordingly and will be based on the criteria set out in the terms and conditions (FundMyGap Terms, Conditions and Requirements for participation) by FinGap.

3. Should the FundMyGap applicant to whom a donation was made, not fulfill the Terms and Conditions set out to them, an alternate suitable candidate will be sourced that complies with the set Terms and Conditions, all donated monies will be then be transferred accordingly and you as the Donor will be informed of this change.

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