Challenor Finance

In most cases, those wishing to apply for a student loan are still very young. School-leaving age is around 18 years of age, and these young adults are only starting out in the big wide world.

There are suddenly all these choices and responsibilities that come with adulthood. Only a moment ago they were likely living with their parents, having no financial commitments or jobs, and just concentrating on high school and friendships. Now the picture is somewhat more complicated. This is especially affected by the South African economy, tax, and interest rates.

As part of Challenor’s financial research and statistical analysis, they find that an extremely small percentage of the population can afford to shell out for higher educational institutes’ fees, not to mention all the accompanying costs such as rent, transport, and study tools and equipment. Challenor helps clients to overcome these barriers and allows them to focus on what’s most important – the future.

For parents and guardians

Parents want the best for their children and encourage choosing challenging, yet crucial steps that will set the stage for their entire future and ensure they put the right foot forward. Although students can apply for a student loan, parents often apply on their behalf because a lot of students study full-time and are not permanently employed. The application process is slightly different, but as long as repayments are met timeously it is the same principle. Potential students themselves are looking to fulfil their dreams and follow their passions. Challenor can allow students to someday become exactly who they strive to be and become employed within an occupation that is both rewarding and lucrative.

Student loan applications at Challenor take all the angst and stress out of the undertaking.

Challenor has a swift customer service system online, where it is most convenient and easily obtained. Anytime, anywhere and from any device you can access their website and simply click on the yellow “APPLY ONLINE NOW!” button on their homepage to begin the process.

There are no payments that you need to make before applying. Just fill out the online form – it is brief and only requires a few personal and financial details - and be on the way to instant cash.

Financial planning

Another of Challenor’s high-quality services includes assistance with planning before clients’ personal loan applications. Clients should know precisely what they are getting into from the get-go and understand their obligations. Second, this Challenor works with the client and assesses their means to select a set of terms that suits their pocket. There is some flexibility when it comes to how big of a loan is granted, how much the client needs to pay each month, and how long the client has to pay it back.

Challenor also specialises in drawing up budgets for one’s specific financial state of affairs. This is key to organising any earnings, expenses, and debts in a way that is controllable and uncomplicated. When it comes to repayments Challenor ensures that clients’ interest rate is frozen at that same amount throughout the loan repayment period. Similarly, the monthly payments clients pay stays the same each month. These two components work so that clients can keep their budgets steady and make payments consistently.