Your income and expenses help FinChoice set your loan limit through credit risk and affordability checks. Its credit policies and credit law also apply.
Your online quote starts with your South African ID, cell number and income after deductions
Before payout, send your 3 latest payslips, bank statements or pension slips. Repay by debit until fully paid; you cannot cancel it. Clicking Next online permits a credit bureau check.
If you still owe on a FinChoice loan, settle it before a new agreement. You can ask to use the new loan proceeds, or arrange repayment another way.
See the total alongside your monthly instalment
Affordability-based example: R15 000 over 24 months, R1 028 monthly, at 28.25% yearly interest. Total: R24 672, including R9 672 interest, fees and insurance. Your quote sets your rate.
FinChoice Africa Ltd’s pre-agreement quote sets any initiation and service fees. You can pay initiation upfront; otherwise, it’s added to your balance and monthly instalments.
What you need for your online loan request
Your online request needs these details and permissions.
- Supply the online form details and income proof.
- Authorise the online quote’s credit check.
- Qualify under FinChoice’s credit and affordability checks.
- Certain marriage regimes require written spousal consent.
From your quote to a loan request
- Enter your details to get an online quote.
- Log in; pick loan terms, check payment and apply.
- Submit financial details to see affordability.
- Accept costs, terms and DebiCheck; upload documents.
Your questions answered
Which personal and financial details does the online loan form ask for?
Give gross and net income, household expenses and bank details when applying online. Add your address, employer’s name and next of kin.
When do I need my spouse’s written consent to take out a loan?
You need written spousal consent if you’re married in community of property, or under common law or customary law.
What if my bank account has a payment problem?
Contact FinChoice and arrange another way to pay at least 3 working days before it’s due to help avoid extra interest or legal costs.
How soon can I get the money after loan approval?
Approval depends on credit and affordability checks. Once approved, your loan payout can take up to 24 hours.