Loans

Blink Finance Personal Loan review: up to R8,000

Get to know one of the leading companies in the short-term loan market in the country: Blink Finance Personal Loan!

Advertisement

Blink Finance Personal Loan logo
Blink Finance Personal Loan review. Source: Foster the Money

In this Blink Finance Personal Loan review, you’ll meet a lender appearing in the national market as a quick and easy solution.

Blink Finance Personal Loan logo

Blink Finance Personal Loan: find out how to apply!

Learn how to apply to Blink Finance Personal Loan and get a great loan even with a bad credit score! Borrow up to R8,000 fast!

You only need a few minutes to apply for a loan. Also, the money will be in your account in less than 24 hours. Learn more below!

Interest Rate Up to 38% per year;
Loan PurposeShort-term personal loans for any purpose;
Loan AmountsFrom R500 to R8,000;
Repayment TermFrom 61 to 65 days;
Initiation FeeNot specified.

Is Blink Finance Personal Loan a good option?

Indeed, some emergencies require a quick financial response. In that case, you can count on Blink Finance Personal Loan.

This lender offers short-term loans of up to R8,000, which can be repaid in approximately 2 months. The entire ordering process has been streamlined.

Thus, you can request your money in just a few minutes. Plus, you won’t have to worry about stacks of documents.

Once accepted, the money will be in your account within 24 hours.

You can order this service for all purposes. Finally, all operations of this company are regulated by the National Credit Regulator (NCR), which gives you much more security.

The pros and cons of the Blink Finance Personal Loan

Young african american woman holding south african rand banknotes pointing thumb up to the side smiling happy with open mouth
The pros and cons of the Blink Finance Personal Loan. Source: Adobe Stock

Indeed, this lender offers a great service for those looking for a quick and easy loan.

However, this lender has some of the limitations of most agencies that offer this service. To learn more, see the list of “pros” and “cons” below:

Advantages

  • Money “in the blink of an eye”: you receive your money within 24 hours;
  • Apply for a loan without leaving home in just a few minutes;
  • Apply for your loan online with total security without needing to gather paperwork or documents;
  • This lender is regulated by the National Credit Regulator (NCR).

Disadvantages

  • The interest rate on your loan may be much higher than the market average for short-term loans;
  • If you delay a monthly payment, your interest rate will increase by 5% until the end of the repayment period. In addition, an extra fee of R69 will be charged on all subsequent monthly payments;
  • On the official website, there is no clear information about fees, only estimates;
  • The maximum amount offered is low (only R8,000).

What are the requirements?

Indeed, to apply for a loan online, you will need to provide the following information:

  • Your South African identification number;
  • Contact information, physical and postal address;
  • Employer details, income, and expenses.

Then your entire profile will be assessed, and you will undergo a credit check. Only then you’ll know if you are eligible for a loan.

Blink Finance Personal Loan application process

Indeed, applying for a loan can be as quick as the blink of an eye! In the following post, find out how to apply for your loan without leaving home!

Blink Finance Personal Loan logo

Blink Finance Personal Loan: find out how to apply!

Learn how to apply to Blink Finance Personal Loan and get a great loan even with a bad credit score! Borrow up to R8,000 fast!

About the author  /  José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

Trending Topics

content

Absa Gold Credit Card full review: should you get it?

Absa Gold Credit Card offers a reward program with up to 30% cashback on everyday purchases and travel benefits. Learn more about this card!

Keep Reading
content

FNB Premier Credit Card full review: should you get it?

Have you ever thought about traveling anywhere with up to 40% off? With the FNB Premier Credit Card, you enjoy this and other advantages!

Keep Reading
content

Boodle Loans review: up to R8,000

Read a complete review about Boodle Loans. Enjoy a straightforward process and receive your money in just 10 minutes! Read on to learn more!

Keep Reading

You may also like

content

Sanlam Money Saver Credit Card: check out how to apply!

Apply to Sanlam Money Saver Credit Card and get 5% cash back on eligible purchases, 55 days interest rate free, and much more. Learn more!

Keep Reading
content

Differences between Child Support Grant and Foster Child Grant

Discover the Child Support Grant and Foster Child Grant and learn how these projects can increase your income by up to R1,070!

Keep Reading
content

Nedbank American Express Gold Credit Card: check out how to apply!

Apply to Nedbank American Express Gold Credit Card and get 50% off services, products, and free airline tickets! Read on and learn more!

Keep Reading