FinChoice

FinChoice was established to offer South Africans an easily accessible credit alternative when it comes to everyday necessities.

They offer a wide variety of financial solutions including airtime, electricity, funeral cover, and personal loans.

Available when you need it

Imagine having access to cash when you need it. FinChoice can do exactly that for you. They have a service called MobiMoney that lets you do a variety of things from taking out funeral cover to accessing a personal loan in record time.

Who is FinChoice?

FinChoice is the sister company and a division of the ever-popular HomeChoice group that South Africans know and love. It’s a trusted name that quickly became a preferred brand to many people. They focus on delivering quality products with the option to pay over a longer period of time via their credit services.

What is a personal loan?

A personal loan is a sum of money that you acquire for various purposes and repay over an agreed-upon period in equal monthly instalments.

It may be utilised for home renovations, a dream wedding, consolidating your debt, paying for a family vacation, or buying a new vehicle. Whatever the reason may be, a personal loan is the ideal solution as it does not limit you on the ways you can spend it.

Things to know before you apply:

With any credit application, there are some things you should consider before applying. Making a responsible and well-informed decision when it comes to credit reflects positively on your credit record.

• Compare different loan options to ensure you get the best interest rate.
• Understand all the costs involved and get a clear picture of what you’re getting into.
• Stay within your affordability range to prevent falling into debt.
• Establish what you need the loan for and never borrow more than you can repay.

FinChoice is a well-known and firmly established brand in South Africa.

They’re dedicated to offering you financial and insurance products and services at affordable rates.

They treat all their customers like family. Choosing to partner with FinChoice gives you access to a wide range of financial products that are easy to access and available when you need them.

The personal loan facility from FinChoice

When you decide to partner with FinChoice, you’re making a great choice. You’ll be glad to know that they have a personal loan that rewards you when you repay on time.

The personal loan option starts at R8,000 for first-time customers. You could enjoy a repayment period of up to six months.

If you repay your first loan according to the agreement and on time, you could qualify for a larger loan. They offer personal loans of up to R40,000. All of their credit facilities are credit profile dependant and you’ll undergo an affordability check before the credit is granted.

Do you need cash in a flash?

Apart from the personal loan facility, FinChoice offers you the MobiMoney facility. You can activate this service on their website for free. Once you’re registered for the service you could enjoy up to R10,000 whenever you need it.

The MobiMoney facility offers you:

• Free activation
• You only pay for the credit that you use
• Access between R100 and R10,000 withdrawals on the same day you apply
• Repayment periods of between one and three months
• Access airtime, electricity, and data 24 hours a day
• Funeral cover for you and your family

FinChoice offers you funeral cover for up to 19 family members for up to R100,000 starting from as low as R49 per month. Your premiums will stay the same for 12 months and claims are paid out within 48 hours.