Finchoice Online Loan Application

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About FinChoice Loans

FinChoice loans can be applied for online. Go to their website and select either a MobiMoney payday loan for an instant loan of up to R10,000 to be repaid over 1-3 months, or a Personal Loan of up to R40,000 to be repaid over 6-24 months. Each product has its own online loan application form that you must fill out. To get a price on how much you can borrow, you must first submit the following information:

1. Your South African ID number
2. Cell number
3. Current monthly income after deductions

Once you’ve determined how much you can borrow, you can proceed with the online application process. For a personal loan, you will need to supply some basic information about your current financial situation, such as:

• Proof of residence
• Proof of income documents (ideally showing a stable income)
• Bank statement

How does Finchoice loan work

FinChoice is a South African internet lender that provides innovative lending packages to qualified clients. MobiMoney provides three kinds of loans: personal loans, KwikAdvance loans, and MobiMoney loans. With the National Credit Regulator overseeing FinChoice loan interest rates, you can be confident that these products are reasonably priced.

Typically, these loans do not disclose the fees and charges upfront, so check the terms and conditions carefully before signing. The loan amount can also be changed, allowing you to choose what works best for you. If you are a current client, the application procedure is faster, and you may be able to increase the amount of your loan.

Loan Products they offer

Finchoice offers a diverse range of flexible and cheap financial options. Among these financial products are:

1. Mobimoney
2. KwikAdvance
3. Personal Loans
4. Premier loans
5. What is Finchoice Mobimoney

You must to register for MobiMoney before you can use FinChoice MobiMoney. FinChoice MobiMoney Online may be readily activated for free by visiting www.FinChoice.mobi. After that, enter your phone number and ID, and then follow the on-screen instructions.

Once you have been authorized access, you can use MobiMoney for the following purposes:

1. Borrow between R100 and R10,000
2. Choose whether to pay back the money in one, two, or three months
3. You only pay interest on the money you borrow
4. Apply for a loan and withdraw the money on the same day, wherever you are
5. You can keep borrowing and repaying money many times per month

2. KwikAdvance

KwikAdvance is a loan provider that offers loans ranging from R100 to R2,000. Because the loan is due in full on your next payday, it is also known as a payday loan. These types of loans are ideal if you only need a small amount of money, are in a hurry, or require more funds to carry you through until your next payday.

3. Flexi loan

Flexiloan allows you to borrow up to R10,000 and provides you with 6 months of simple repayment options to pay back the loan. Furthermore, the service includes an integrated protection plan that would pay your outstanding loan if you become permanently handicapped or die.

4. Premier loan

This type of loan is best suited for paying off larger obligations, such as outstanding medical bills or replacing your car. You can borrow up to R30,000 and repay it over a period of 12, 24, or 36 months using this service. The loan can be repaid for as long as you like with an easy-to-follow and affordable repayment plan.

These loans will come in helpful if you need money to meet unforeseen bills like home or car repairs or school tuition. By extending the repayment term, you can stagger payments to fit your budget and avoid paying the entire amount in one single sum.

Finchoice loan application

FinChoice can assist you if you are unable to make a payment due to unforeseen circumstances. If this is the case, please contact FinChoice right once so that we can help you when you need it the most. You must notify Finchoice or face late payment penalties.

Here’s how to apply

1. Log in to the site and create a unique login before you upload your supporting documents.
2. You can also upload your documents straight to the site. If you have any supporting documentation, please provide it with your application. Simply attach the documents to the email. The information you enter will be kept safe.
3. To facilitate simple tracking, your documents can also be submitted to docs@finchoice.co.za with your ID number as the subject line.
4. You can fax your documents to 021 680 8257
5. If you don’t have access to a scanner or an upload service, the simplest approach to apply for a loan is to take a picture of your documents with your cell phone camera and then send it via WhatsApp to 063 482 7799.

So get in touch with FinChoice today for your no-obligation free loan application.

Loan Repayment

The only installment that would be due on the agreed-upon date when the loan was requested for is the KwikAdvance product.

FinChoice will raise the debit order for the remaining products on the 30th of the prior month, so that it will be deducted on the 1st of the following month. You can raise the debit order on any day beginning December 10th for loans that demand a payment in December.

FinChoice employs the Non-Authenticated Early Debit Order method (NAEDO). The system keeps track of the amount of money in your bank account as well as when it becomes available. The debit order will be activated as soon as funds become available. This approach is typically employed in December, when most people get paid sooner than normal. It is typically included in your loan agreement, so when you sign it, you agree to it.

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