SA's No 1 Insurance Blog

Can I borrow R3,000 until the end of the month?

Terrible feeling that, having more month than money. But let’s be honest, most of us have been in a similar predicament at some or other point in our lives?

First you hit the easy targets – mom and dad – but once they’ve cottoned on, which happens after the second or third attempt, you need to start searching further afield. Friends are next on the list, but the more you ‘hit’ on them, the more often you find your calls going to voicemail.

Wouldn’t it be cool having someone you could turn to when you needed money, and who wouldn’t moan and gripe every time you asked? I’m glad you asked that question, but first…

Finchoice is a digital loans company. Being digital means there’s no face-to-face interaction (Although there is a call-centre with friendly agents ready to take your call)

The nice thing about Finchoice is, that once you have an approved loan, you can:

  • transact,
  • check balances, and
  • buy airtime and data

straight from your mobile phone.

Their process is quick and simple – you choose your repayment term – and you get an instant answer.

But enough about their process, how much are they willing to lend you?

One month loans

FinChoice calls this KwikAdvance – Apply here.

They lend you anywhere between R100 and up to R4, 000 on one condition – you pay them back on your next pay day. Bye, bye mom and dad!

And what if you can’t pay it back because of something like losing a job? Well, they have what’s called the Finchoice Personal Protection Plan which covers you in the event of death, disability, or loss of your job

Six month loans

FinChoice calls this their Flexi Loan and they’ll lend you anything up to R8, 000. The good news is that you don’t have to repay this by your next pay day. In fact, they’ll give you up to six months to repay the loan – Apply here.

If you repay the full amount with no hassles, you could qualify for an even bigger loan. Once again, the FinChoice Personal Protection Plan has got you covered.

Twelve to twenty-four-month loans

FinChoice calls this their Premier loan. They’ll lend you up to R30, 000 with repayments over 12 to 24 months – Apply here.

If you repay the loan within 14 days, they won’t charge you a cent in interest. If you’re a good borrower, they might lend you more.

The FinChoice Personal Protection Plan is once again there to protect you if you lose your job, die, or become disabled.

The magic really happens with MobiMoney

Once you are a loan customer, you Mobi Money. It allows you to activate a facility without paying a cent. You only start paying once you start using the MobiMoney account. How cool is that?

With MobiMoney they offer you anywhere up to R8, 000 over a periods of 1, 2 , and 3 months at a competitive interest rate.

The FinChoice typical customer

Turns out that their biggest fans are:

  • 36-year-old women who also happen to be,
  • single parents,
  • sole breadwinners, and
  • who look after their parents.

FinChoice is just a click away & offering you a chance to win

In the month of August FinChoice is offering you the chance to win a R50, 000 investment in your future. All you need to do to qualify is any of the following:

  • Get a credit quote which gives you one entry.
  • Take out a loan and you qualify for ten entries.
  • If existing customers buy airtime or data on MobiMoney, they qualify for five entries, and
  • If existing customers activate MobiMoney then they qualify for ten entries

Conclusion

There’s nothing as comforting as knowing you have someone to rely on if you’re ever short of cash.

Parents will moan every time you want to lend…friends will start avoiding you.

FinChoice will be with you through thick and thin.

What’s exciting is MobiMoney. It’s like having the launch keys to an atomic bomb…there when you need it.

So why not give it a bash? All you need is a bank account, a payslip, and a smartphone and you’re good to go.

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