Learn How to Apply for the Finchoice Personal Loans

What to know before applying?

FinChoice Personal Loans offers plans for a wide range of needs, varying from R100 up to a maximum of R40,000 for different types of loans!

FinChoice is a renowned South African company specializing in providing financial solutions through personal loans.

With a diverse portfolio, FinChoice caters to various financial needs, offering plans ranging from R100 to R40,000.

Loans can be accessed quickly, with amounts up to R8,000 available for new customers and up to R40,000 for more loyal clients, with disbursement within 24 hours.

The FinChoice platform is designed to ensure security and reliability throughout the loan application process.

The company maintains strong relationships with major banks in the country, enabling the provision of quarterly bank statements and comprehensive financial management.

FinChoice offers various loan options through its digital portal, finchoice.mobi, allowing users to apply for loans, update personal details, and more, all in a practical and accessible manner.

Additionally, FinChoice provides MobiMoney, a service that offers quick loans of up to R10,000 with free activation, same-day withdrawals, and payment options over 1, 2, or 3 months.

The company also uses the KwikServe platform, which allows users to perform essential operations without mobile data, such as checking balances, requesting money, and purchasing insurance.

If you want to learn more, keep reading.

Who can Apply?

To qualify for a personal loan with FinChoice, applicants need a valid Gmail email address and a bank account to receive the funds, be at least 18 years old, and provide proof of income.

Credit verification and income documentation are crucial for loan approval, ensuring the process’s security and reliability.

If you are not a US citizen, you will need to present a valid passport to work in the country.

FinChoice stands out for its flexibility in interest rates and efficient service, offering a trustworthy and accessible solution for those in need of immediate financial support.

To access the loan, you will need documents such as bank statements, pay stubs, and proof of income.

How do I Apply for the FinChoice Personal Loans?

First, to apply for a loan, you will need to select either the personal loan option or FinChoice MobiMoney.

Upon selecting the application, you must choose between being an existing customer or a new customer. Even if you are already a FinChoice user, you might not be using the MobiMoney digital services.

After selecting the application type, you can choose between MobiMoney or Personal Loans to proceed, selecting the option to receive a quote. Here’s what you need to provide for registration:

• Full name, identification number, mobile number, email, employment status (permanent, contractor, homemaker, pensioner, student, unemployed, or self-employed), and monthly net salary.

Following this, you will need to submit proof of income documents directly through the FinChoice platform.

You can also contact FinChoice through other customer service channels to clarify doubts and resolve any potential issues.

More Details

FinChoice Personal Loans offer repayment periods of 6, 12, or 24 months with customized interest rates.

The website provides a robust financial education section to answer questions and explain key aspects of personal loans, offering close information on the main terms involved in loan operations.

In this way, FinChoice delivers a comprehensive digital service experience, including complete statements every three months.

It is worth noting that with your first application for a personal loan, you may receive around R8,000, mainly due to the lack of prior interaction with the brand.

Over the months, with frequent use of the platform, you may gain access to higher amounts for your loans in the market.

Want to learn another option?

If you’re looking for a different personal loan option from another South African company, you might want to check out Capfin, which offers loans of up to R50,000 with repayment plans of up to 12 months.

Additionally, the brand provides payment within 48 hours, customer support channels, a fully online process, and partnerships with banks for payment. Learn how to apply.

Written by

Gabriel Gonçalves