Blink Finance Review

 Overview

Blink Finance is an online loan provider that is based in South Africa with a physical office that sits elegantly on Unit 15, Kingfisher Building, Hazeldean Office Park, Silverlakes Road, Tyger Valley. The online loan service provider offers short team loans and typical payday loans that are due on the next payday. With Blink Finance, you can enjoy easy access to cash in case of an emergency, so you don’t get stuck in a fast-paced world.

Interestingly, the cost of Blink Finance loans is very competitive, and it varies depending on the amount of money you loan and how quickly you can pay it back. They insist that their loans are easily applied for, approved, and transferred within the same day.

Blink Finance is focused on providing clients with financial freedom. They utilize the latest technology to create paperless, seamless, fast, and reliable loans. With Blink Finance, loan applicants can borrow up to R4,000 with ease.

Pros

  • Fast short-term loans
  • Offers loans of up R4,000
  • Paperless loans
  • Offers optimal security of funds

Cons

  • Absence of long-term loans
  • Blink Finance loans are not available in all states
  • Charges service fees of up to R393

What Types of Loans Does Blink Finance Offer?

Blink Finance provides short-term and payday loans that are due on the next payday.

How Does Blink Finance Work?

Blink Finance is designed to ensure you get your payday loans without stress. The loan provider operates straightforwardly; all you have to do is follow the quick three-step process. Choose your loan plan, provide your personal details, and receive your cash without stress. All payments are made directly into the same bank account that you use to receive your salary. Therefore, your bank account needs to be active, and you have to be able to make cash withdrawals on that account.

How Can You Qualify?

To qualify for a Blink Finance loan, you must be up to 18 years old and a South African citizen with a valid ID card. Other criteria you must meet to be eligible for a Blink Finance loan include the following:

  • Fully employed
  • Consistent salary
  • Pass the credit check

However, having a bad loan will not disqualify you from receiving a Blink Finance loan. This is so because Blink Finance considers various factors while determining your eligibility. As a result, they may grant loans despite your previous history. Provided they are confident that you can repay the amount borrowed, they will gladly approve your application.

How to Apply for a Blink Finance Personal Loan

It is relatively easy to apply for a Blink Finance loan. The first step to take is to use the loan calculator on the homepage to estimate your loan’s cost and interest fees. To do this, simply insert your preferred loan amount and repayment date into the loan calculator. Blink Finance will use this information to perform a credit check.

The next step is to fill in the loan application form, providing your South Africa ID number, contact information, physical and postal address, employer details, income, and expenses.

Then, upload your document, and submit it. Once your loan is approved, cash will be paid directly into your account within 24 hours.

Blink Finance Loan Application Page

How do the loan repayments work?

At the initial loan application point, you are at liberty to choose your most suitable repayment period. Blink Finance will load a debit order on your account, and every time you get paid, an installment is deducted from your account — the process is entirely automated.

Where Does Blink Finance Operate?

Blink Finance operates in the whole of South Africa, wherein it is located.

Is Blink Finance Reputable?

Yes, Blink is a reputable online loan services provider. They are accredited with the National Credit Regulator, which authorizes them to provide short-term loans to the whole of South Africa.

How Is Blink Finance’s Customer Service?

You can contact Blink Finance’s customer support team through email: info@blinkfinance.co.za, telephone (012 534 3863), or by visiting their physical office in Tyger Valley, South Africa.

Blink Finance Loans Are Best for:

  • People who are fully employed and receive consistent salaries
  • Applicants that are looking for a short term to cater to their needs until the next payday.
  • South African citizens of 18 years old and above

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