Challenor Finance
- Student loans up to R80,000
- Competitive rates
- Repayment up to 24 months
Table of Contents
About Challenor Finance
Challenor is the number one student loan lender because they make things happen for its clients.
At Challenor clients receive individual attention. The process of applying for a student loan can be time-consuming and still take longer for feedback to be provided. Challenor applications are easy and their time and resources are at the client’s disposal. This results in a rapid response rate, saving customers their effort and time.
Paying the student loan back
Challenor is known for some of the best interest rates, going easy on your pocket. Clients, thereby, avoid paying higher interest than necessary. These interest rates will stay the same for the entire student loan repayment period. Clients will always know what amount is due and it does not change without notice causing uncertainty.
Monthly payments on your student loan are also set at one specific total, simplifying the process of budgeting. Challenor welcomes all students in need of a student loan for the all-important purpose of furthering their education, becoming productive members of society, and improving their prospects.
A student loan finance you deserve
Deciding to study further after school at a tertiary institution is both exciting and daunting. The rest of your life lies ahead of you and you are following a wise path forward in uncertain times.
The reality is that the economy has an impact on employment rates, as well as on the cash flow of individuals wanting to access a quality higher education. Whether it be a parent or a prospective student needing to foot the bill, a student loan is a solid resolution.
Finance the education you deserve
Tuition fees are not the only expenses one faces during completing a diploma or degree.
There are a lot of other considerations and resources that students rely on which cost money.
Where will students stay
Home is not always close-by to ones’ campus, and property rental is not an option for many. What is great about this student loan is that it covers your accommodation.
Transport costs
Campus locations are often spread over a suburb or large area, and not all on the doorstep even of on-site living quarters. Students have to travel between different classes and departments. With a student loan, students can afford to make regular use of public transport and pay for their means of travel.
Textbooks costs
Textbooks are expensive and essential. Students are likely to be instructed to obtain more than one for each module of their course. Even this is paid out from Challenor’s student loan, so students do not miss a beat.
Study materials
A range of stationery and study aids need to be employed to take part in lectures, finish assignments, conduct research, and study for tests and examinations. All of these fees are financially provided for as well.
Grace periods
This student loan also takes into account students who are obligated to give of their time to volunteer as part of their course. Students may also have to participate in internships. In these instances, the student loan makes provisions by offering a grace period or a break in repayments.
Challenor Finance – Student loan
- Loan Type Student loans
- Loan Amount up to R80,000
- Repayment 3 months to 24 months
- Decision 24 hours
Benefits of Challenor Finance
- Quick and easy loan applications
- Tuition funding
- Apply within minutes
Student loan calculator
Get the education you deserve
Students may have questions all the time, 24 hours a day and 7 days a week.
Students must have access to student loans that take complete care of their needs as a whole and Challenor student loans do just that!
The student loan requirements
At Challenor they understand that being a student is a full role in itself and it is near impossible to still earn a living, as well as pay off a student loan on the side. Students should be relieved to know that repayments of their student loans only become payable after graduation from the university.
Coupled with this, once you are earning more than R30,000 p.a., will you then need to start making repayments. You will also pay a lower percentage of your income if you earn lower than R39,000 yearly, which is at 3%. If you earn higher than this, then the percentage increases to 8%.
The student loan application process
All that clients need to do is to complete a form online, for ease of access and reserve clients’ time for the demands of student life. The stronger your credit score is, the better your options will be as it also affects how low the rates can go.
Alternatively, they have telephone operators that are ready and waiting to answer any queries and assist with the application process. Challenor’s pledge to their clients is to conclude the student loan application decision-making by the very next day. This also applies to the transfer of funds to clients - cash overnight!
Customer Reviews & Testimonials
Challenor Finance Contact
Physical Address
- 45 Mckenzie Rd, Windermere Durban 4001 South Africa
- Get Directions
Opening Hours
- not available