Rating based on 7 reviews


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

In-page navigation

Finchoice homepage
Author Finchoice. Screenshot of Finchoice website.
[Accessed May 4, 2023]

About Finchoice

Finchoice is a registered credit provider that falls under the Homechoice (Pty) Ltd umbrella. They deliver their products digitally to an ever-growing base of customers across the African continent.

Founded over 37 years ago, they’re primarily in the home appliances business but have expanded into finance and are also registered with the National Credit Regulator (NCR).

A demand-focused credit provider

Finchoice focus on delivering products and services that are in high-demand among South African consumers. Both their personal loans and their MobiMoney facility are geared toward satisfying the short and medium-term needs of customers.

They offer personal loans as well as a credit facility that allows you to quickly draw cash in an emergency or purchase airtime, data, and electricity.

The Finchoice-Hollard partnership

If you’re worried that Finchoice may be a fly-by-night, and are not familiar with Homechoice, you may find relief in knowing that they’re so successful they’ve partnered up with Hollard.

Hollard is one of South Africa’s most successful insurance providers, with a footprint in 18 countries and millions of active policyholders. This puts them in the league of other Hollard partners such as Bidvest, Direct Axis and Standard Bank.

Focused on the customer experience

Their LinkedIn profile explains that they place a great deal of focus on the customer experience and ensuring quick conversions and loan fulfilment. Their seamless online platform and customer-centric application process have propelled them to the top.

With a strong team of innovative technology and finance experts, they’re able to merge seamless online technology with finance best practices. Not only is it easy to apply for a loan via their platform but once you’re approved you’ll receive instant access to funds and services.

Finchoice also delivers credit insurance products which complement their loan products. With insurance on your loan, you can rest assured that your debts will be covered when you’re no longer able to do so. This product is called the FinChoice Personal Protection Plan and is automatically included when you take out a loan.

Finchoice Services

Finchoice offers two distinct financial products: their personal loans of up to R40,000 and their revolving credit facility called MobiMoney.

Finchoice’s personal loan products

You can borrow up to R40,000 and repay in either 6,12, 24, or 36 months depending on your loan amount and affordability.

This is a term loan which means that, unlike with a revolving credit facility, you cannot readily access further credit unless you qualify for more.

Finchoice’s personal loan products

  • KwikAdvance: Instant access to up to R3,500 which must be repaid in full on your next payday
  • Flexi Loan: up to R8,000 with 6 months to repay
  • Premium Loan: Larger loan amounts up to R40,000 and up to 36 months to repay

For smaller loan amounts, you can apply for up to R8,000 and will have 6 months to repay. This is called a Flexi Loan and is one of their most popular products.

With their KwikAdvance, you can access money in seconds by logging into your Finchoice profile or making use of their KwikServe USSD platform. This platform lets you access Finchoice products and accounts without using mobile data.

Finchoice’s credit insurance

All personal loans will be covered by their FinChoice Personal Protection Plan which is essentially credit insurance that covers your debt in the event that you pass away, become disabled, or lose your income (subject to set T’s & C’s).

FinChoice’s MobiMoney explained

MobiMoney is a revolving credit facility that allows you to withdraw funds when you need to in seconds. You can withdraw amounts ranging from R100 and R10,000 and enjoy a host of additional benefits.

Additional MobiMoney benefits:

  • Access airtime and data for your phone
  • Buy electricity
  • You only incur charges on the loan amount you make use of
  • It’s free to register for and free to use
  • Funds are available twenty-four hours a day

Finchoice – Personal Loan

  • Loan Type Personal Loans
  • Interest Rate from 24%
  • Loan Amount up to R40,000
  • Repayment 6 months to 24 months
  • Decision 2 minutes

Benefits of Finchoice

  • Apply for a loan in 2 minutes
  • Manage your account online
  • Buy airtime, data and electricity on the platform

Personal Loan calculator

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

Register for your Finchoice account and get cash in seconds

When it comes to the application process, this is where Finchoice shines. You can quickly register an account on their website using your ID number and mobile number.

This gives you access to your personal Finchoice account where you can keep tabs on your existing loan, apply for a new loan, or even take a repayment holiday if you encounter a particularly difficult month.

Do you qualify for a Finchoice loan?

You need to be over 18, have a South African ID number, and be employed. You must have been employed with the same employer for a minimum of three months

Finchoice account benefits:

  • Easily upload supporting documents
  • Update details in seconds
  • Apply for a loan in a few clicks
  • Request a new loan

Uploadign your bank statements

  • ABSA: Finchoice will request your bank statements on your behalf
  • Capitec: You will need to login to your Capitec online banking account and select “email statements” and send it to [email protected]
  • FNB: Dial *120*321# and select “2. Banking” and then follow the prompts to send your last three statements to [email protected].
  • Nedbank: As a result of Finchoice’s relationship with Nedbank, they will request the statement for you.
  • Standard Bank: Finchoice will request your last three bank statements from your bank, there’s no need to do anything.

Apply for Finchoice’s KwikServe

To register for KwikServe, dial *130*1048# from your mobile and enter your ID and mobile number. It’s simple to follow the prompts and complete the registration.

How long till you get your cash?

Once you’ve uploaded your supporting documents your approved loan amount will be transferred in just 24 hours. You will also get a text message informing you that your funds have hit your account.

man holding thumbs up

Finchoice is a trusted & reliable provider of personal 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: NCRCP 8162

Finchoice Contact

Contact Number


  • not available


Physical Address

Postal Address

  • Private Bag X50, Claremont, Cape Town, 7735, South Africa

Opening Hours

  • Monday 07:30 – 19:00
  • Tuesday 07:30 – 19:00
  • Wednesday 07:30 – 19:00
  • Thursday 07:30 – 19:00
  • Friday 07:30 – 19:00
  • Saturday 08:00 – 17:00
  • Sunday 09:00 – 17:00