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In this article we want to introduce you to this amazing financing tool that is Finchoice. This company offers financial services to South Africans in a convenient and easy-to-access way. Here you will find out the types of loans you can take out with Finchoice, how to apply for a loan, among other relevant information.

Can I Apply Online for a Loan with Finchoice?

Before you move on with the application process with Finchoice, you should become familiar with how their loans work.

In order to borrow money from Finchoice you have to own a bank account since the money will be transferred there. Also, you have to be a South African citizen, of legal age, have a permanent job and provide proof of income.  

If you comply with these requirements, you are ready to start your application online. You have to provide your ID number, your cell phone number, and indicate the amount of money you earn each month.

Is there a Calculator to know more about Finchoice Loan and when is my Money Available?

After you applied online for a Finchoice loan, the company will start investigating your financial history. For instance, they will run an affordability assessment to see if you can pay back the amount of money you are requesting. Moreover, they will also look at your credit history to find out if you already owe money to other institutions or if you pay your bills in a timely manner or not. If Finchoice establishes that you are fit to enter into this commitment, you will be requested to provide certain documents. Then, approximately in 24 hours you will have your money transferred to your bank account.

To learn more about your loan, you can access our loan calculator. There you will be able to enter the amount you wish to borrow and the term in which you want to cancel it. Then, you will see a list of companies that offer loans in South Africa and the approximate interest rates they provide.

4 Benefits of Taking a Personal Loan at Finchoice

Below we will tell you the four advantages of applying for a personal loan with this company.

The first thing to take into consideration is that with a Finchoice personal loan you can borrow up to R40000 and that the application process is super quickly.

Second, you can choose to pay your loan back in 6, 12 or 24 months.

Third, you can miss out a payment if you’re having troubles to pay for your installments. How to skip payments? You can do this though your finchoice mobi application.   

Fourth, if in the course of 14 days after you received the money, you’re not satisfied with the loan, you can reimburse the funds to the bank and no cost will be charged to you.  

What is Finchoice’s KwikAdvance Loan and how can I Get it?

This loan is designed for when you need cash due to an emergency, or when you run out of money and need extra out-of-pocket money and it’s still not payday. With this kind of loan you can access to immediate cash and you pay it back when your employer pays you your salary.

Finchoice offers up to R3 500 and if you can pay off the loan sooner you may be able to request more money. And in the event some misfortune should happen, the loan is covered by a Personal Protection Plan. For instance, if you become ill, or become unemployed, you or your family won’t have to worry about the loan.

If you find yourself in need of extra cash, you can ask for a kwikadvance loan at Finchoice online. If you’re already a Finchoice customer, you can request it thorough your mobi account. Don’t wait until your payday and solve your issues with this convenient loan.

Can I get a Loan with Finchoice Mobimoney?

Finchoice has this amazing tool called Mobimoney that allows you to borrow funds. It is an online application that has no activation cost. You only have to log in and start operating.

And, yes, you can get a loan with Mobimoney. You can borrow from R100 to R10000 in the same day. You can also use this application to get more airtime, internet data, among other things, at any time, any day.  

If you withdraw money with mobimoney, you can repay the amount you borrowed within a month, 2, or three. The best thing is that you can operate the application even from your mobile phone.

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What do I need to Know about Flexiloan Application?

The flexiloan is between a kwikadvance and a personal loan. That is, it is a loan that allows you to borrow money up to R8000. This loan is ideal for those types of expenses that weren’t in your budget. For instance, your car broke down and you have to repair it, but don’t have the cash to pay for the costs. With this loan you can have that covered.

You have six months to pay back this loan. And, once you pay all the installments, you may be able to borrow more money.   

How can I get a Long-Term Loan in Finchoice?

A long-term loan is one that takes more than 12 months to repay. Finchoice offers personal loans that can be paid back in 12 or 24 months. These kinds of loans mean a greater commitment on your part since they usually imply asking for higher amounts of money.

If you want to ask for a loan at Finchoice, you can start your application online! And, remember, if you have any questions, please, go ahead and ask us. We will do our best to help you.

Are there Consolidation Loans in Finchoice?

If you have several loans with different providers, you may be suffering from a severe headache. Owing to so many creditors is troublesome, because you have to pay them in different terms; you have different interest rates, and also different people to pay to. For these cases, a consolidation loan might be a solution: you can combine the different obligations you entered to into only one. Finchoice does not offer consolidations loans, but if all the loans combined add up to R40000 or less, you might consider taking out a Personal Loan with Finchoice.

Can I take a Second Loan if I already have Taken out a Finchoice Loan?

So far we’ve discussed the different loans you can find at Finchoice. We’ve seen they are convenient, easy to apply for and that offer online access. But what if you want to request a second loan? You can do this only if you have cancelled the first loan. That is, after you pay for all the installments of your loan, or after you settle for your loan, then, you may ask for a new one.

We believe that this is a good thing. Why? Because sometimes if a company lets us take an extra loan before we’ve already paid for an existing one, we can enter into a poor finance behavior. What happens if we cannot afford both loans? Finchoice makes a responsible decision by not allowing you to make a second loan until cancelling the first one.

Are there Good Reviews for Finchoice Loans?

We were able to find both positive and negative reviews and comments about Finchoice loans. But there is one thing to consider though; all negative comments were promptly addressed by Finchoice’s staff. This is very important because it means that we are talking about a company that cares about what their clients have to say about it.

If you already made a transaction with this financing institution, please leave us your comment below. The community will definitely benefit from knowing if it turned out ok or not.

What are the Contact Details if I want a Personal Loan?

One thing that makes a company trustworthy is having several contact channels; this means they absolutely want to serve you well.

Finchoice is one of those companies. Here are some of the means by which you can get in touch with them:  

  • You can contact them though their finchoice mobi

  • You may call them on 0861 346 264 (from Monday to Friday from 7 a.m. to 7 p.m., Saturday from 8 a.m. to 5 p.m., and Sunday 9 a.m. - 2 p.m.)

With the mobi application you can access many self-service options. For example, you can apply for a loan, request to skip payment, look at your balance, and more.

We believe now you have a better understanding of Finchoice options for loans in South Africa. We discussed personal loans offered by this company, why they are so convenient. We talked about long-term loans and also short-term loans. And we mentioned those services that make Finchoice a great option, such as mobiloan and flexiloan, the possibility of skipping payments, the immediacy of loan approvals. Please, let us know if you have questions, and leave us your comments!

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