Finchoice SA (Pty) Ltd
Finchoice is an Authorised Financial Services Provider and a Registered Credit Provider
Company Reg no.: 1999/013922/06, Credit provider Reg no.: NCRCP23514
Phone: 0861 346 246
Website: https://finchoice.co.za/products/loans
FinChoice Loans are South African personal loans from FinChoice, an online lender that lets eligible customers apply digitally, get a quote first, and receive funds after approval.
The lender currently promotes loans up to R25,000 on its personal-loans page, with repayment over 6, 12, or 24 months.
FinChoice says loans are subject to affordability, and it asks for income and expense details during the application. Before funds are transferred, it requires proof of income such as the 3 most recent payslips, bank statements, or pension slips.
Applicants also need to accept a DebiCheck mandate and upload required documents as part of the online process.
The application is fully online and is available 24/7.
FinChoice says approval payouts can take up to 24 hours.
FinChoice says you can skip a payment in a tough month, and if you are not happy with the loan, you can return the money within 14 days at no cost.
For overdue accounts, FinChoice’s support pages say you can log in to FinChoice Mobi and create a “Promise to Pay,” or contact the collections team. It also says missed payments may be reported to the Credit Bureau and a late payment fee may be charged.
FinChoice says its loan process includes a debt-order style DebiCheck mandate and a loan agreement that includes the fees and costs.
The support material also says customers can request a settlement quote, which is useful if they want to pay off the loan early.
Repayment example: at R25,000, the page shows total interest, fees & insurance of R9,672 and total to repay of R24,672 in the displayed example.
