Finbond Loans are micro loan solutions that offer credit loans to people that are especially of the lower income segment. Since their establishment in 2003 Finbond has been servicing their low income group that is often neglected by the much bigger lending institutions such as banks, and has provided them with micro finance loans that they can use to address all their financial obligations. Apart from their personal loan solutions Finbond Mutual Bank also offers cell airtime, funeral plans, insurance, investments, savings and even pre-paid electricity.
Why choose Finbond Loans?
Finbond Mutual Bank is a licensed mutual bank that offers credit, investment and savings products and services, and through their 168 plus branches across the nation they are able to make their credit solutions accessible to everyone who needs some financial relief. Their loans are provided in accordance with the guidelines that are set up by the National Credit Act and believe in responsible lending.
Their personalised personal loans are tailored to take into account your financial affordability, and are targeted mainly for the lower income earners. Finbond saw an opportunity in the low to middle class segment when it realised that most financial lenders were mainly catering for their high income earners due to their low risk perception. This observation highlighted a neglected and huge market that was full of potential, and from there they decided to provide them with micro finance products.
Finbond offers personal loans that start from as little as R500 to as much as R20 000 and offers flexible repayment terms that range between 1 to 24 months. You can use these loans for any of your unplanned short term financial obligations such as car repair costs, school fees, medical expenses and so on. Their loans have fixed interest rates and dont require any form of collateral when you apply for them.
Finbond Loans Application Requirements
To qualify for these personal loans you will have to ensure that you are over the age of 18 years old and a citizen of South Africa, you must be employed on a permanent basis and provide proof of income, must also provide your latest proof of address.
Finbond Loans Contact Details
Finbond Mutual Bank can be contacted on 0860 44 22 11 or 012 460 7288 and speak to their consultants who will assist you with any enquiries you may have. For additional information you can freely visit their website www.finbondmutualbank.co.za or their nearest branch near you.