Rating based on 13 reviews

Challenor Finance

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  • Personal loans up to R80,000
  • Fixed monthly premiums
  • Repayment up to 24 months

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Challenor Finance homepage
Author Challenor Finance. Screenshot of Challenor Finance website.
[Accessed February 15, 2021]

About Challenor Finance

If you are in the market for a personal loan that comes with outstanding service and great client satisfaction, Challenor Finance is your go-to for everything finance-related.

Sometimes an opportunity arises or life happens. Either way, when you need a loan and you need it fast, it’s good to know that there is a reputable provider. So, whether you want to upgrade your home, want to buy a new family vehicle, or even need a consolidation loan, Challenor Finance can help.

The proof is in the pudding

There are many financial institutions in the business. They each claim to be the best but in fact, the numbers speak for themselves.

Challenor Finance has been in the business since 1991 and has built its success on a few basic principles. They are committed to giving each customer only the best offer available, a financial solution that is tailor-made and fair.

From humble beginnings

When Challenor Finance was started way back in 1991, they were initially partnered with furniture and hardware stores. They were then only operating over the Kwazulu-Natal area. Over recent years they have grown and expanded nationally.

By ensuring that their customer service stays a top priority, they have climbed the ladder of success quickly. If you opt for a personal loan with Challenor Finance, you will be in great hands.

Challenor Finance Services

With a vision of economic upliftment and improvement of the quality of life, they’ve made it their mission to help the previously disadvantaged communities in South Africa.

They are a responsible financial provider and realise that some people can’t qualify for a loan elsewhere, so they’re changing the way finance works.

Having access to funds they would elsewhere not get, the potential for great things to happen often then motivates them. Motivating people positively through financing is what drives Challenor Finance.

Your Personal loan can be used as you wish

Many lenders have certain conditions before they consider granting loans. Challenor Finance goes above and beyond to change the way things usually work.

With a personal loan of between R2 000 to R80 000, you are free to use the money as you wish. So, if you want to start a band, pay Lobola, cover school fees, or purchase furniture for your home, the choice is yours.

Why you should get your loan from Challenor Finance

Aside from being a great lender and having its clients' best interests at heart, there are numerous other reasons why getting a loan from them is a good choice.

They offer competitive interest rates and customise them according to your credit profile. They boast a pay-out time of 24 hours from approval. Your interest is fixed so you will always know what you will pay. This makes budgeting a breeze.

Challenor Finance – Personal loan

  • Loan Type Personal loans
  • Loan Amount up to R80,000
  • Repayment 3 months to 24 months

Benefits of Challenor Finance

  • Get a loan in 3 easy steps
  • Personal loans up to R80,000
  • Quick and easy loan applications
  • Apply within minutes

Personal loan calculator

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The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Benefits of a personal loan

Like any other lender in the business, there is an application process that needs to be followed to get a personal loan. Challenor Finance has made the process super easy and it can be completed in minutes.

You will need to have certain documentation on hand to submit along with your application. Make sure you have these in order when you apply as it will ensure a smooth and quick application process.

These documents may include the following:

  • A clear and valid South African identification document.
  • Proof of your income using a three months bank statement or three months payslips.
  • An account with your current address will also be needed.

Now that you know what is required you may go ahead and complete the application form online.

Step one:

At the top of the website is a tab that lets you see if you will qualify for a loan with them. This tab will direct you to the application form.

Step two:

The application form will take only a few minutes to complete. It consists of a few personal questions. After you have completed the form, you can submit it.

Step three:

At the top right corner of the website is a button that will take you to the page where you will submit your documents.

Step four:

Once you have done everything and submitted it, your application will be reviewed for approval.

As soon as your personal loan has been approved, Challenor Finance will pay the funds straight into your account within  24 hours.

Choosing Challenor Finance can simplify your life

There are many lenders in the industry but none of them targets the previously disadvantaged community. Challenor Finance wants to ensure that everybody has an equal right to financial prosperity.

You can make your dreams come true today if you choose to partner with them. Let Challenor Finance help you get the success you deserve with a personal loan in South Africa.

Benefits of a Challenor Finance Personal loan

  • They offer competitive rates.
  • They payout within 24 hours after approval.
  • The rates are fixed.
  • The aim is to please with outstanding customer service.

Customer Reviews & Testimonials

September 2020

I could not have hoped for a friendlier, more efficient personal loan service. Challenor helped me finally own my first drum set. Rock on, Challenor!

Andre V
— Pretoria —

May 2020

I didn’t know where to turn for a safe short-term loan. I am so glad to have come across Challenor

Lindiwe B
— Soweto —

August 2021

I was desperate for a personal loan as I was about to get married and needed the money for the wedding. A friend told me about Challenor Finance and I went online immediately. My loan was approve...

Van Vuuren C
— Mosselbay —

August 2021

When I was turned down by so many lenders recently, I was on the verge of giving up. Then I came across Challenor Finance and decided to take a chance. They were great and helped me get the perso...

Zamkele B
— Port Elizabeth —

January 2022

I got my first loan from Challenor Finance a few years ago. I recently needed a personal loan and approached them again. They were helpful and professional and assisted me with everything.

Verwey E
— Johannesburg —

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