Finchoice is an online lending service that provides short-term and long-term loans to the public. The company is licensed and operates under South African law. Clients can get a loan online, without having to visit offices or fill out paper forms. The company is part of the HomeChoice group and specializes in personal lending for each customer. The company aims to provide the best online services in the South African region. It’s a real employee benefits and chance to get bad credit loans.
Finchoice online loan requirements
Since Finchoice is a legal company operating under South African law, each client must provide a list of the following data list and login:
- Enter the mobile phone number;
- Enter your personal SA ID number;
- Bankcard number and billing accounts;
- Proof of income (any certificate or statement of income).
The company is constantly evolving and adds new options for customers. The standard loan package is available to all citizens who have submitted the relevant documents. The company quickly processes all requests and provides a convenient algorithm for obtaining a loan.
Interest rate in Finchoice
The interest rate depends on the chosen loan plan and is at least 3% per month. The company has a convenient loan calculator that allows you to select the required amount and term of the loan. The smaller the term chosen, the more affordable the loans are. The mobi app can help to calculate everything. The advance personal loan is a real service benefit. Only quality services can provide such microcredit options.
Such rate is good for short term loans. The registration process is quite simple and convenient. Users do not need to spend a lot of time filling out online forms. Everything is automated and simplified. This allows you to concentrate on the main aspects of lending.
How to get Finchoice loan online?
It’s almost like a self service site. First you need to log in. In order to get a money loan online, you must go to the Finchoice website and select the type of loan. The company offers the following types of loans income:
- MobiMoney (up to R10 000);
- Funeral Cover (up to R50 000);
- KwikAdvance (up to R3 500);
- Personal Loan (up to R40 000).
When choosing a finance loan type, users need to enter their SA ID number, Cell number and monthly income. After processing the data, the service will request a documentary proof of income. Customers from South Africa can upload an electronic copy to the site. After that, the system determines the client’s solvency and makes a decision on granting a loan. The user can count on a quick SMS or phone call. Use loan calculator to deal with it. Here’s also a lot of information about unsecured debt.
Advantages and disadvantages of Finchoice
The company provides a variety of loans and financial services for various needs. Customers can rely on quick loans of up to 1 month and long-term loans of up to 12 months. It all depends on the required amount of money. The company also has its own mobile application that allows you to receive money online anywhere in the country. This is a modern company that knows what customers need. The site interface has informative information about the most favorable credit conditions. All information is provided in a concise visual style.
The process of processing the loan is accompanied by tips. This simplifies the process of uploading documents and verifying identity. Customers can count on quick data processing and a quick loan decision. This helps customers to choose the most convenient type of lending. The second loan will be bigger than first. Online application can help everyone with payday loan for short term. The details is in the loan calculator section.
The disadvantages of such mobimoney loan include ill-conceived design, the need to confirm personal income and restrictions on obtaining a loan. Financial transactions and quick cash are available exclusively to South Africans. People also need to find out how to check balance. It’s hard to apply online credit without email address, credit card or bank account. The company has strict requirements that must be met. This is important for all customers. A financial institution operates according to national law. This requires particular accuracy and compliance with the law.
Customers can contact the company in several different ways. All technical issues can be resolved with company managers. Here are a few options:
- Contact number: 0861 346 246;
- Website: www.finchoice.co.za and www.finchoice.mobi;
- Physical Address: 33-45 Lower Maynard Rd, Cape Town, South Africa.