Industry Solutions
Deep industry expertise delivered at scale across platforms and digital ecosystems.
Digital Business
Bringing together the best IT services capability across the group to deliver enterprise-grade solutions that help you operate, optimise and transform your business.
Company overview
Altron is a proudly South African technology group. A technology industry leader since 1965, we’re partnering with customers across all industries to help them grow, and build a thriving economy.
Lefa Cash Loans is a localised financial service provider offering micro-loans to SASSA recipients and pensioners in Soweto, offering those who might struggle to secure finance elsewhere the support they need to sustain their livelihood. Committed to responsible lending, Lefa Cash Loans adheres strictly to South African Credit Union guidelines. By focusing on an often underserved yet dynamic community, they seek to empower individuals by promoting financial inclusion and stability. With a professional and compassionate approach, they help clients achieve their day-to-day financial goals to foster a more secure future for all.
Lefa Cash Loans has implemented the Altron NuPay DebiCheck system to streamline loans and repayments. When clients sign loan agreements, the contract details are sent to Altron Fintech. The client’s bank then contacts them to authenticate the transaction electronically. Once confirmed, a debit order mandate is created on the client’s account. Altron Fintech submits the debit order monthly, and the client’s bank verifies it against the confirmed information before processing. This ensures a secure, reliable, and seamless repayment process, reflecting Lefa Cash Loans' commitment to innovative and responsible lending.
Altron Fintech offers a streamlined application process that ensures quick customer turnaround, facilitating more efficient assistance during business hours. With the ability to approve loans and manage customers remotely, the platform empowers flexibility and responsiveness from any location. Integration capabilities allow seamless sharing of customer data with major Credit Bureaus like Experian, TransUnion, and XDS, ensuring compliance and enhancing credit assessment accuracy with customer consent.
Moreover, the system identifies and mitigates data-capturing errors that could be overlooked in manual applications, maintaining data integrity and operational efficiency. It automatically calculates loan interest rates, initiation fees, and service charges in strict accordance with NCR regulations, ensuring transparency and regulatory compliance.
Altron Fintech also generates essential documentation such as affordability assessments, loan agreements, and Form 20 Pre-Agreements, simplifying compliance and enhancing customer trust. Robust reporting functions provide actionable insights derived from comprehensive data input, supporting informed decision-making and operational excellence.
Contact us