Rating based on 8 reviews

Challenor Finance

  • Student loans up to R80,000
  • Low interest rates
  • Repayment up to 24 months

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Challenor Finance homepage
Author Challenor Finance. Screenshot of Challenor Finance website.
[Accessed January 24, 2023]

About 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.

Challenor Finance Services

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.

Challenor Finance – Student loan

  • Loan Type Student loans
  • Loan Amount up to R80,000
  • Repayment 3 months to 24 months
  • Monthly Service R24 hours

Benefits of Challenor Finance

  • Quick and easy loan applications
  • Get a loan in 3 easy steps
  • Personal loans up to R80 000
  • Apply within minutes

Student loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This student loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Quick and easy student loans

Generally speaking, most people view any debt as bad debt and all loans as a burden and negative liability.

However for example, as many also come to realise, having a completely clean credit history can cause problems for one. When applying for a loan, financial institutions want to see how you have managed your finances and, in particular, your debts in the past.

This is one of the pivotal deciding factors involved in whether or not to grant an applicant a loan. So if you have a good record of making repayments in full, timeously, and seeing loans through to settlement, you have better credibility and are seen as more reliable and likely to do the same with the current loan in question. Some kinds of loans are also considered to be more of an investment than a burden, such as home loans, business loans, and student loans. These fall under the category of good debt. Some examples of bad debt involve hasty decision-making and frivolous spending, such as racking up large amounts on clothing accounts or credit cards and purchasing lavish and expensive items just for the sake of treating or impressing.

Financial growth

Challenor is interested in more than just a single loan or query. There is a lot more about what they can offer and advise on. Challenor wants to see clients learn financial responsibility, and healthy debt management, and become an expert on their finances. Good debt can be an advantage to one’s financial standing and even one’s earning potential. Challenor finds great value in helping clients to improve their credit scores, create wealth and ultimately improve their lives. Challenor takes clients to where they want to be, and further if they please. Walking the walk and trusting the expert counsel of the Challenor financial consultants helps clients take forward strides and grow in leaps and bounds.

Customer Reviews & Testimonials

September 2020

I am forever grateful to Challenor and committed to paying back my loan as soon as possible

Thami N
— Pretoria —

September 2020

What a cool team at Challenor! I was treated to the first-class service

Andrew R
— Durban —

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