- Personal loans up to R80,000
- Approval in 24 hours
- Repayment up to 24 months
[Accessed August 30, 2021]
About Challenor Finance
Challenor is a top Financial Service Provider that gets things moving for clients.
Expect professionally handled cases seen through to conclusion within a minimal timeframe. Challenor consultants are held to the highest standard of service, so you can rely on their efficiency.
Get approved fast
Having been a part of the financial industry for more than 25 years, the Challenor team has dealt with countless different client circumstances, learned every effective method for securing quick loans online, and successfully advised and helped very many clients. Paying out funding is a priority, so clients can continue with their busy lives, knowing that Challenor has them covered. For this reason, Challenor aims to approve clients’ applications in just 24 hours. The same goes for supplying funding - that’s money in your account within 24 hours!
Reduce your repayments
Interest rates at Challenor are kept to a minimum, so as to reduce your monthly payments. These rates can also be discussed with experienced advisors and tailored to your requirements. Having a good credit history also positively impacts the rates Challenor will be able to offer you. The good news is that these interest rates will not fluctuate with inflation or any outside economic factors.
Clients will be able to bank on the fact that repayment amounts are also fixed at a consistent total each month. This way there are no surprises or any need to adjust the current budget already laid out. Clients only need to stick to the plan and they will see that all will go to plan.
Challenor Finance Services
Personal loans are versatile and can cover multiple uses. The size of which will depend on clients’ financial ability to pay back the loan within a particular time frame. Challenor will assess a client’s financial resources and income.
Then they will work out an appropriate length of time over which the client will be capable of making repayments to complete the contract and pay off their loan. Loan amounts vary based on client requirements and financial means. Generally, clients can access anything from R2000 up to R80 000 with personal loan interest rates.
Range of uses for loans
- Building and Renovations - Very few people have such large reserves of money upfront. So when clients are wanting to build a home, make repairs or revamp their current place of residence, let Challenor support your project. We can even assist by arranging and settling payments straight to the contractors. Cutting out the middle man saves you time and takes the administration off your hands.
- Asset Purchase - Challenor can also offer to take care of amounts owed to a supplier, making direct payments on your behalf. Challenor personal loans cover both assets and services that you might want to purchase.
- School Tuition - Fees for schooling, colleges, and university are very high, especially when clients have more than one child that is a pupil or student. This can add up to a hefty financial responsibility. Of course, it is more than worth it to provide our youth with these invaluable opportunities. Education is of paramount importance in giving children and young adults every advantage in an ever-changing and challenging world. Challenor provides student loans for tuition and related fees.
Challenor Finance – Personal loan
- Loan Type Personal loans
- Loan Amount up to R80,000
- Repayment 3 months to 24 months
- Decision 24 hours
Benefits of Challenor Finance
- Quick approval
- Quick and easy loan applications
- Customized interest rates
Personal loan calculator
Cut out the middle man with Challenor Finance
Personal Loans are divided into two categories. Namely, “short and mid-term loans'', and “long-term loans”.
Which one the loans fall into is related to how much is being borrowed, and the length of the repayment period. As mentioned, with Challenor’s online loans South Africa instant approval the amounts can vary between R2000 and R80 000, and the time is given to pay back the loan can be as quick as 30 days and goes up to 24 months.
This period runs in proportion to the size of the loan taken out and is also influenced by the clients’ ability to repay the loans. In contrast, long-term loans offer large amounts and payment periods begin at 24 months spanning to 10 years. This often involves putting up property as collateral. Challenor specialises in the former; that is small online loans. They are more commonly used, easier to access, and provide cover for clients’ everyday requirements.
Tips for before obtaining a loan
- Find a lender who offers fixed rates - Not all financial institutions will give you fixed interest rates and rates of payment. These factors help to guarantee that you can afford repayments every month and keep on top of your debt. They also mean budgeting is vastly more manageable and simple.
- Ensure NCR Registration - Registration with the National Credit Regulator means that the finance provider is above-board, has to adhere to certain standards, and that interest rates are monitored by an independent entity. Safeguard yourself against illegitimate lenders.
- No upfront application fees - If you are asked to make a payment before submitting your loan application, then it is a scam. Protect yourself from fake online forms. There should be no upfront fee payable.
- Website cons- Unfortunately, there are all sorts of con-men on the web, and you must check the source properly. A lender will have working contact details you can test, and it is best to also follow up on your submission by speaking to an agent.
- Do your homework - Research the type of loan that will suit your requirements, purpose, and affordability. That way you can be sure to select an appropriate provider, as some offer limited options that may exclude the right for you.
Customer Reviews & Testimonials
I had such a delightful experience dealing with Challenor. They showed no judgment, only solutions
— Durban —
Challenor took the time to answer all my questions, and swiftly processed and approved my loan. What awesome service!
— JHB —
When I needed a car, Challenor showed me how to plan and budget so that I can keep up with payments. They put me on the road to success!
— East London —