Rating based on 11 reviews


  • Bad Credit Loans up to R40,000
  • Low-interest starting from 24%
  • Repayment up to 24 months

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FinChoice homepage
Author FinChoice. Screenshot of FinChoice website.
[Accessed May 11, 2023]

About FinChoice

When unexpected expenses arise, it can be challenging to secure a loan if you have a poor credit score.

That's where FinChoice comes in. As a trusted lender in South Africa, they offer a range of bad credit loans to help individuals with less-than-perfect credit histories access the funds they need.

Founded in 2009, FinChoice is a subsidiary of HomeChoice Holdings Ltd, a leading retailer and financial services provider in South Africa. With a focus on providing accessible and affordable financial solutions, FinChoice has become a trusted name in the industry.

Get a loan up to R40,000

FinChoice's Flexi Loan offers the perfect solution for those who need quick cash.

With personal loans up to R40,000, customers can borrow up to R8,000 and pay it back within 6 months. What's more, customers who complete their repayments can qualify for more.

FinChoice’s unique Personal Protection Plan

FinChoice understands that unexpected events can happen in life.

That's why they offer their Personal Protection Plan, which provides cover in the event of job loss, disability, or death. This plan offers peace of mind and financial security for those who need it most.

Committed to serving you with a smile

Their friendly and professional team is available to assist with any queries, and they aim to provide a hassle-free experience.

They pride themselves on providing exceptional customer service. Their team of knowledgeable and friendly customer service representatives are available to answer any questions you may have and to help you throughout the loan application process.

FinChoice Services

FinChoice offers personal loans of up to R40 000, with a flexible repayment term of up to 24 months.

Customers can also apply for a Flexi Loan, which allows them to qualify for up to R8 000 that they only have to pay back within 6 months. Completing the repayment on time can help customers qualify for more in the future.

Need insurance on your loan?

In addition to personal loans, FinChoice offers a range of other financial products, including insurance products like their Personal Protection Plan, which provides cover in case of loss of job, disability, or death.s

They also offer savings and investment products, as well as debt consolidation services to help customers manage their debt more effectively.

How much will your Finchoice loan cost you?

The interest rates and fees charged by FinChoice depend on a number of factors, including the loan amount, the repayment term, and the customer's creditworthiness.

Customers are encouraged to review the terms and conditions carefully before applying for a loan to ensure they understand the full cost of the loan.

Advantages of using FinChoice:

  • Flexible repayment terms: With repayment terms of up to 24 months, customers can choose a repayment schedule that works for them.
  • Fast and easy application process: FinChoice offers a quick and easy online application process, with a response within minutes.
  • Personal Protection Plan: Customers can have peace of mind knowing that they are covered in case of unexpected events like job loss, disability, or death.
  • Debt consolidation services: FinChoice offers debt consolidation services to help customers manage their debt more effectively.
  • Competitive rates: FinChoice offers competitive rates and fees for their loans.
  • Privacy and security: FinChoice takes the privacy and security of its customers' personal and financial information seriously. They use advanced security measures to protect customer data and only collect and use the information for the purposes of providing financial services to their customers.

FinChoice – Bad Credit Loan

  • Loan Type Bad Credit Loans
  • Interest Rate from 24%
  • Loan Amount up to R40,000
  • Repayment 6 months to 24 months

Benefits of FinChoice

  • Easy online loan application
  • Affordable instalments
  • Apply online or in a branch

Bad Credit Loan calculator

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

FinChoice provides a convenient and hassle-free loan application process

You can apply for a loan online from the comfort of your home, or visit one of their branches to speak with a consultant. The application process is straightforward and can be completed in just a few minutes.

A lender that prides itself in their transparency

At FinChoice, customers can be assured of transparent rates and charges. The interest rates are competitive, and there are no hidden fees or charges. You can choose to pay their loan back early without any penalties.

Eligibility requirements for guaranteed loan approval

FinChoice's bad credit loans category has easy eligibility requirements. You must be a South African citizen, over 18 years old, and have a valid bank account. The application process is quick and easy, with a decision made within minutes.

To be eligible for a loan with FinChoice, you need to be 18 years or older, have a valid South African ID, be employed or have a regular source of income, and have a bank account in your name.

You must also have a good credit record, although FinChoice may still consider your application if you have a bad credit record.

Documents required to apply for a loan

When applying for a loan with FinChoice, you will need to provide the following documents: your ID book or card, your latest payslip or bank statement, and proof of residence such as a utility bill or lease agreement. If you’re self-employed, you will need to provide additional documents such as tax returns and financial statements.

Manage your loans on the go

FinChoice has made it even easier for their clients to manage their loans and accounts with the introduction of their mobile site, finchoice.mobi.

This mobile site is a game-changer for those who are always on the go, providing quick and convenient access to loan information and services.

KwikServe is a revolutionary USSD platform that allows FinChoice customers to easily access their accounts without the need for data.

This innovative service ensures that you can interact with your FinChoice accounts effortlessly and efficiently. With KwikServe, you will have access to a range of useful features that make managing your finances a breeze.

A quick and easy application - even if you have bad credit

The online application process with FinChoice is quick and easy. Simply visit their website and click on the “Apply Now” button.

You’ll need to provide personal information, employment details, and banking information. You’ll also need to upload the required documents. Once you’ve submitted your application, FinChoice will assess your loan application and inform you of its decision.

man holding thumbs up

FinChoice is a trusted & reliable provider of bad credit loans

In our review, FinChoice adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ FinChoice is a registered credit provider in South Africa: FSP48448

FinChoice Contact

Contact Number


  • not available


Physical Address

Postal Address

  • Private Bag X50, Claremont, 7735, South Africa

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday 08:00 – 17:00
  • Sunday 09:00 – 14:00