MM
Mathebe M

1 reviews | Active since Nov 2025

07 Apr 2026, 16:46

Finchoice reap off!!!!

I’m absolutely furious with this so called Financial institution. I have a withstanding loan amount with Finchoice, on the 5th I took R1000 over & above what I owe them on Mobi App. Upon looking at the SMS’s sent to me immediately after being approved, it stated that my loan amount is going to be R602,48. I got shocked thinking why should I pay so much for R1000. I called Finchoice seeking clarity, the lady that took the call explained that my loan was recalculated over 24 months. I said to her this is crazy, I only have a small balance that I should be settling later this year why are you now recalculating this balance over a longer period that's going to incur interest? She says to me well thats how things are done. My argument to get was that well I’m not taking this because it’s not my 1st time taking these small amounts & my loan has never been recalculated. I asked to speak to someone senior, she put me on hold & later returned on the call & said her manager has knocked off already, surely there must be someone like a supervisor or team leader that can speak to me. She asked for my number & said she’ll get her manager to call me the next day. I in turn asked for her name & surname she only gave me her name & said she’s not allowed to give me her surname. I said to her since you can’t give me your surname give me your managers name & surname, that too she couldn’t give me & said she’s not in the liberty to do that. By the way I’ve verified my identification to this person but she can’t give me her surname, I mean if I should make a call the next morning & I say i spoke to Abbey & I’m being asked Abbey who? What must I say? Standard Bank is trending because of issues of this nature. I don’t mind doing the same if this kind of reap off is not going to be handled to my satisfaction. If Finchoice is doing this to poor black people who doesn’t know their rights, then I’ll be the 1st to drag them.

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Replies (4)
Finchoice
Finchoice's reply07 Apr 2026, 17:15
Official
Hello Mathebe, I'm really sorry to hear about the frustration and confusion regarding your loan calculations and the overall experience you had. I can imagine how tough it felt. Transparency and respectful communication are cornerstones of our service, and we are sincerely sorry if you felt we missed the mark. Please allow us some time to investigate this for you. We will reach out via email with updates on resolution. Warm regards, The FinChoice Team

Best regards,

MM
Mathebe M's update07 Apr 2026, 18:46
Reviewer Update
I expect this to be resolved 1st thing in the morning. I had a balance of R8000+, now over a period that is nonsensical, I have a balance of R14000+, you have a lot of explanation to do. You think I’m stupid. Actually take back your R1000.
Finchoice
Finchoice's reply08 Apr 2026, 08:13
Official
Hi Mathebe,
We appreciate your feedback. We strive to ensure that every customer is satisfied with our service, and we apologize for any inconvenience we may have caused you.

Please allow us to investigate your query and resolve it.

The FinChoice Team



Best regards,

Finchoice
Finchoice's reply15 Apr 2026, 11:20
Official
Good day Mathebe,
Please note that your complaint has been resolved and closed. If you have any further questions or concerns, feel free to contact us at *** .
The FinChoice Team

Best regards,