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Yes, Lulalend is a legit business. Lulalend is a registered business and is a Member of NCR NCRCP7117 which has been trading since 2014 as Lula Lend (Pty) Ltd. It is a member of The South African SME Finance Association (SASFA), an organisation which encourages transparent and responsible lending to small businesses. As a SASFA member, the company subscribes to a code of conduct that is focused on protecting SME customers.
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If you are looking for funding for your business, you need to consider Lulalend. They do not charge prepayment fees. However, their interest rates are relatively high. Also, they have high annual turnover requirement of R 500,000 which many be too high for startups.
