Finlee

Help Get the questions and answers

What is the catch when offering a free loan

The catch is, you would have to accumulate points that you will be able to use to access the amount of loan you want based on the conditions that you have to meet before applying.

How do i apply for a loan

All you have to do is download the app, create a new account and accumulate enough points to increase your eligibility score.

What is an eligibility score

An Eligibility Score is similar to a credit score but the difference here is, to increase it, you have to only contribute points that you can accumulate anytime.

Is there a way to increase my score without using my points

Yes there is, simply viewing an ad and once the ad is ended press the back button and about 7 points will be added.

Why do i have to accumulate points

Points are an important aspect of what we offer and as such, points can be accumulate with just a simple tap/click every second, minute or hours.

How many points can I accumulate per click/tap

You can accumulate a minimum of 0.01 points per click/tap and you can be able to boost points by an extra 0.01 by watching an ad

What loan amount can i qualify for

The minimum loan amount you can qualify for free is R 1000-5000

What is required before applying

Make sure your "eligibility score" is high enough to be able to qualify for the loan you want.

What is required when loan is approved

Only bank details and ID will be required upon request

What will it cost

Loan amounts of R 1000 - R 4999 will not have fees (i.e Service Fee, Initiation Fee, Interest) but amount from R 5000 and above will only cost a monthly service fee of R 119-319 or more

Do you update the credit bureau

Since what offer is free, we will not.

When do I get the money

You will receive the money within 24-72 hours which is dependent on which bank you bank with

If i take the loan, do i have to pay it back and how

The format of payment will be in points, therefore no debit orders or other will be required. Note that if you do not meet your debt obligations, we have the right to reset your eligibility score to zero.

Can i apply if I have never had debt

yes you can apply and we will not do any credit history checks whether you afford or not. As long as you meet the conditions set by us, we will proceed with the loan.

Why take up a loan with Finlee instead of another credit provider

What we offer is free in terms of the costs associated with the loan amount that you would normally seek with other credit providers. Since we offer a new kind of service, to access our loan offer, it takes just a simple effort on your part and when you meet the conditions we provide the loan without requiring much information.