Friendly Finance

At Friendly Finance they specialise in guiding all South Africans to make better financial decisions.

They give you access to a wide range of common consumer finance products, such as personal loans, car loans, short-term loans, and credit cards. They are a helping hand in selecting consumer finance products.

They are a comparison site with a vision

At Friendly Finance they strive to become South Africa’s most trusted source of information on consumer finance. They aim to become your most valuable hub for finance knowledge, information, and news. For you to achieve your dreams they should focus on their core area of expertise only which is consumer finance. They aim to provide the most useful and informative information.

The leading finance comparison

At Friendly Finance they are the leading finance comparison site because of all the skills, knowledge, and experience they have acquired over the years. They fully understand the importance of refreshing the information they have more frequently so that people can always get valid information whenever they are using their site.

Personal loans are larger than short-term loans and they are usually paid back in monthly installments for a longer period.

The personal loan repayment period varies. You receive a repayment period based on your monthly instalment and the money you owe. Your repayment period can be either 6 months - 12 years.

Types of personal loans:

• Unsecured personal loan- when you apply for unsecured loans, you are not required to have an asset that you will use as loan security. However, most unsecured loans have the highest interest rates to mitigate the risk of lending to the lender.
• Secured personal loans- when you apply for a secured loan, you are required to use an asset of the same value as your loan as security. When you fail to repay the loan, the asset will be taken and auctioned to cover the remaining costs. Secured loans have the most affordable interest rates.

Is it safe to repay your personal loan early?

When you use Friendly Finance to apply for a personal loan you can borrow from R1 000 - R150 000. However, repaying a loan early is not ideal since some loan lenders might charge you a fee for doing so. But it is very important that you do not miss your monthly instalments.