What Types of Loans FinChoice Offer?  

Facing financial issues but finding no way to get out of them, right? You can apply for a loan if none is there to solve the financial crises in your life. There are various platforms in South Africa in which FinChoice is on the top that allows you to get loans from R3,500 to R40,000. FinChoice is a financial services company that offers various loan programs to South Africans.

For example, you can apply for a personal loan, short-term loans, and MobiMoney which allows you to get R10,000 loan money. The thing I like about the FinChoice  is that one can get a loan without doing an abundance of paper work as well as the loan process is incredibly simple. Come with me to explore what FinChoice is and how to get a loan. 

What Types of Loans FinChoice Offer?  

FinChoice offers various types of loans and these programs are designed according to the financial problems of the customers. The positive side of these programs is that they are flexible, easy to access and the repayment is simple. Here are the types of loans FinChoice offers: 

1. Personal Loan 

Whether you need funds for home renovation or you are about to purchase an electronic appliance for the kitchen, you can apply for a personal loan offered by FinChoice. The FinChoice personal loan program is designed to provide financial support to people who need quick loans. 

Features of Personal Loan 

Loan Amount: The amount of the loan depends upon your requirements but one can get nearly R40,000. There are various factors involved which determine the amount of loan, such as your creditworthiness and financial needs. 

Flexible Terms: The terms of a personal loan are flexible as one can repay the amount of the loan within 6 months to 24 months. The purpose of flexible terms is to help a person manage his budget and repay the amount of loan effortlessly. 

Competitive Interest Rate: Other loan providers try to trap the borrowers, but FinChoice is different from the traditional loan providers as it offers personal loans at low interest rates, so the borrower can afford the loan and manage the budget. 

Eligibility Criteria of FinChoice Personal Loan       

• An applicant must be at least 18 years old. 
• An applicant must be a resident of South Africa. 
• An applicant must have a consistent income source. 
• An applicant must have a valid bank account. 
• An applicant’s history of loan must be clean. 

Required Documents for FinChoice Personal Loan 

• You need to provide a valid South African ID. 
• You need to give payslips of past transactions. 
• You need to submit utility bills. 
• You need to provide banking details. 

How to Apply for a FinChoice Personal Loan?

Step 1: Go to the official website of FinChoice through the link provided below. 

• Link of FinChoice Official Website: https://www.finchoice.co.za/ 

Step 2: Click on Apply Now. 

Step 3: Click on the Personal Loan and a new page containing a form will appear. 

Step 4: Provide all the details required, such as name, address, and ID number then click on the Continue button. 

Step 5: Verify your account and then provide further details. 

Step 6: Enter the loan amount and repayment duration. 

Step 7: Submit your details and you will receive a confirmation message that your application for personal loan has been received. 

2. KwikAdvance

Difficult times can come at any moment and sometimes one becomes completely hopeless. In this condition, I advise all people to avail the opportunity of KwikAdvance. It is a loan program that is designed by FinChoice to provide immediate financial support to the people who are unable to manage the crises. 

Features 

Instant Access: The positive part of this loan scheme is that one can avail loan instantly. Other loan programs require a long process of paperwork, but this one is simple and quick, so if you are in a financial crisis then KwikAdvance is the best loan program for you. 

Simple Application: Another feature that majority of the people neglect while applying for a loan is the complex application process in which an intended borrower is required to provide all the data. But the KwikAdvance application process is incredibly simple as one can apply within a minute. 

Eligibility Criteria of FinChoice KwikAdvance Loan 

• An applicant must be at least 18 years old. 
• An applicant must be a resident of South Africa 
• An applicant has a valid ID number. 
• An applicant has a valid bank account. 
• An applicant must have a clean loan history. 

Documents Required for FinChoice KwikAdvance Loan

• You must have an ID number. 
• You must provide proof of income. 
• You must give proof of residency. 
• You need to provide a bank statement from the past few months. 

Step by Step Application Process of FinChoice KwikAdvance Loan

Step 1: Go to the official website of FinChoice through the link provided below. 

FinChoice Official Website Link: https://www.finchoice.co.za/ 

Step 2: Click on the Apply Now button and it will take you to a new page. 

Step 3: Here, you can see various loan programs in which you need to click on the KwikAdvance. 

Step 4: An application form will appear in which you need to provide all the details and then choose the type of employment. 

Step 5: Click on the Continue button and verify your account. 

Step 6: Enter the amount of loan you intend to apply for and then select the repayment duration and method. 

Step 7: Submit the application form and you will receive a message that your application for KwikAdvance has been received. 

3. MobiMoney Loan

Another most recommended loan program offered by FinChoice is MobiMoney Loan which is suitable for people who anticipate that they may need loan payment in the future. The program is different from the above two of the loan schemes because it allows a borrower to adjust the repayment plans. The best part of this loan plan is that one can manage transactions from his smartphone. 

Features 

Effortless Access: All you need is to download the FinChoice mobile application in your cell phone and you can use it to check your balance, make transactions, apply for a loan, and repay it. 

User-friendly Interface: Another thing that I noticed in the mobile application of FinChoice is that it is simple to use, so if you are unable to use advanced technological devices, you can use it effortlessly due to its user-friendly interface. 

Eligibility Criteria of FinChoice MobiMoney Loan

• An applicant must live in South Africa. 
• An applicant must be at least 18 years old. 
• An applicant must have a consistent income source. 
• An applicant must have a smartphone to use the application. 
• An applicant must have a strong internet connection to apply for the loan. 

Required Documents for FinChoice MobiMoney Loan

• You need to provide the ID number. 
• You need to give the utility bills. 
• You need to submit a bank statement from the past few months. 
• You need to provide proof of stable employment. 

Step by Step Application Process 

Step 1: Go to the official website of MobiMoney through the link provided below or download its application from the App Store. 

FinChoice Website Link: https://www.finchoice.co.za/ 

Step 2: If you apply through the website then click on Apply Now and then select the first loan option “MobiMoney.”

Step 3: Provide all the details and then tap the Continue button. 

Step 4: Verify your account and then set the loan amount you require. 

Step 5:  Click on Apply and you will receive a confirmation message. 

Step 6: If you are applying through an application then register an account or login if you already have a FinChoice account. 

Step 7: Once the account is logged in, provide all the details, including ID number, address, and banking details. 

Step 8: Select the loan program and then determine the amount you require. 

Step 9: Submit an application for the loan and you will receive a confirmation message that your loan application has been received. 

FAQs

How long does it take for FinChoice to pay?

FinChoice processes an application within 24 hours. 

How do I know if my loan is approved by FinChoice?

You need to see the loan status on the application or through the website of FinChoice. However, if the loan is approved, FinChoice informs the applicant through an SMS.  

What is the maximum loan from FinChoice?

The maximum amount of the loan one can apply for is R40,000. 

Final Words 

FinChoice is the light of hope in a time of darkness for people who are suffering from financial crises and have no way to get out of them. However, they can avail an opportunity to apply for short-term, long term or quick loans within 24 hours and one does not need to do a long process of paperwork. Additionally, the repayment policy is simple as one can determine the term in which he can repay the amount of the loan. If you are interested in applying for the loan, you can follow the guidelines I have explained above.