Loans from Finbond Mutual Bank

Finbond Mutual Bank is a South African financial institution. They provide a variety of banking services, including savings accounts, investments, fixed deposits, and microfinance loans. Finbond Mutual Bank operates in multiple regions in South Africa, serving individuals and small businesses with the goal of promoting financial inclusion and economic growth. Finbond Mutual Bank prioritizes exceptional customer service and strives to offer financial solutions customized to meet the unique needs of its clients. They have over 170 branches The bank offers personal and business loans which clients can use for various purposes including education, business improvement or debt consolidation. These loans from Finbond Mutual Bank are typically straightforward and quick to access, though they do require documentation. However, the application processes are not overly burdensome. In this article, we explore these loans, including their general requirements and key information.

Loans from Finbond Mutual Bank

1. Personal Loans

Personal loans enable individuals to borrow funds for a range of personal needs, including home improvements, consolidating debt, covering medical expenses, or making significant purchases. Typically unsecured, these loans do not require collateral such as a car or a house to secure them. Finbond’s personal cash loans range from R100 – R7 000. The application process is very simple with very fast turn-around time of approximately 30 – 45 minutes for in-branch loans. For internet loans turn-around time is approximately 3 – 5 days.

Features of Finbond Personal Loans:

• Repayment options from 30 days to 6 months
• Immediate cash pay outs
• No security needed
• Fixed monthly installments
• Safe and quick

What You Need to Apply:

• ID Book
• 3 months latest bank statements
• 3 months latest pay slip
• Proof of address

2. Business Loans

Finbond Mutual Bank provides business loans ranging from R5 million to R25 million to small and medium-sized businesses registered in South Africa, provided they have a trading history of at least 3 years.

Features:

• Term Loans ranging from 12 months to 60 months
• Revolving Loans of 12 months or less
• Security and collateral required

What You Need to Apply:

• Company name and registration number
• Tax number
• Business address
• Annual turnover

The above are a few of the documents necessary to obtain a Finbond business loan. To get a business loan from Finbond, click here to apply.