FAQ

FAQ

Q) Why would I use Lambton Finance?
A) Lambton Finance enables you to receive your money when it is needed most. There is no need to wait for money that is owed to you. Access money today that is only due to you at a future date. The process is simple, convenient and hassle free.

Q) When will I be able to receive my money?
A) Once all the contractual obligations and the suspensive conditions of underlying transaction are fulfilled.

Q) What is the maximum I can receive?
A) Each deal is assessed individually. As a general rule, we will allow a client up to 80% of the equity generated in the transaction.

Q) How much will it cost?
A) The Finance Charge is calculated at the rate of roughly 3% per month, 99 Cents per R1000,00 per day, calculated from the date on which the advance was made till the date of settlement.

An Initiation Fee of 2% of the amount will be charged. The maximum initiation fee charged is R1000.

An Initiation Fee of R150, plus 10% of the amount in excess of R1000 will be charged. The maximum initiation fee charged is R1000. Service Fee of R50 per month.

Q) What happens if Lambton Finance is not settled?
A) The customer is responsible for settling Lambton Finance if the deal does not materialize. We suggest the client contacts us immediately in order to inform us of the situation as well as to make a repayment plan with us.

Q) How do I receive the payment?
A) The funds are electronically transferred into the nominated bank account of the customer.

Q) How long before I receive my money?
A) At Lambton we strive for effieciency and convenience, so as soon as all the due diligence has been completed and the deal has been approved we will pay out the money due to you.

Q) What can I use the money for?
A) The money can be used at the client’s discretion.

Q) Can the money I owe be repaid at an earlier stage?
A) Yes, if you wish to settle your debt early please contact us on 0100 200 999 and our staff will assist you

Q) When and how will the money owed be repaid?
A) The customer has no involvement in the repayment and therefore no further burden. We arrange the repayment with the conveyancing attorneys.

Q) How do I get started?
A) Simply apply through the “apply now”, and one of our consultant will contact you today to begin the process.