Read our finance options below

Finance Options

Up to 6 months interest free

Collect your bed once paid off

Contact us to apply

GENERAL RULES

Client must be between ages 18 – 65

Earn a minimum monthly income of R3500 No one should sign on behalf of the client
Do not email or fax documents to clients -customers must be seen face to face
Must have a green barcoded ID or Card
We accept:

  • Permanent employees
  • Contract employees (providing it covers the period of the credit agreement)
  • Self Employed (must either have car or bond finance)
  • Civil pensioners
  • Domestic workers

Client must NOT have judgements/defaults or arrears – if paid up, proof must be produced

NO Internet bank statements

CHECK LIST

  • Ensure you have checked & signed for all original documents
  • Client to produce original ID
  • ID copy must be clear
  • Latest 3 months bank statement (not older than 7 days)
  • Self Employed – 6 full months business bank statement & 3 months personal
  • Latest payslip, if computer printed / hand written, it must, reflect date employed and salary amount
  • Ensure client has signed pre – agreement
  • We require letters from Toyota I Transnet as they do not confirm employment
  • Due to the POPI Act— HR require consent from employees to disclose info.

PROCESS

  • Quick checks turn around time 25 minutes
  • Full application can take up to 2 working days – mainly due to confirmation of employment and verification with customer
  • SMS’s will be sent to client & dealer during the process – IF you do not receive these please address with sales representative asap
    CHECKING OF ALL DOCUMENTATION
  • Affordability
    • WHY DID THE APPLICATION FAIL AT THE AFFORDABILITY STAGE?
      • Failure to capture information correctly
      • Incorrect amounts
      • Customer cannot afford the credit applied for
      • Other expenses were not disclosed
  • Employment confirmation
  • Verification
    • Client must be informed that our office will call them within 48 hours & they should answer their phone to avoid any delays with application
  • Authorisation

Email all documentation to:
applications@challenorfinance.co.za

Do it right the first time, we don’t always get a second chance!

For Queries – Call 031 303 2647