PERSONAL LOANS TO USE FOR ANYTHING
Our loan amounts range from R 3 000 to R80 000 and depending on affordability, are repayable with terms of 3 to 24 months in accordance with our customers’ requirements and needs.
These personal loans could be used for the following:
LOBOLA:
Lobolo or Lobola in Zulu, Swazi, Xhosa, sometimes referred to as “bride wealth” or “bride price”, is property in cash or kind, which a prospective husband undertakes to give to the head of a prospective wife’s family in consideration of a customary marriage. Lobola is a demonstration of how much the girl is valued by both sides. It denotes respectability, worthiness and appreciation. As a valued person at marriage, she is not stolen but given away under mutual agreement between the two families. The gift elevates the value attached to her both as a person and as a wife.
Historically, this payment took the form of cattle, but over time it has moved to being mostly in cash. Some people still practice the tradition of offering cattle, or even a combination of cattle and money. Often families use electronic transfers and credit cards as a means of payment. Lobola is very important in the Zulu culture.
It is generally accepted that 10 cows, at a minimum, are required in a Lobolo within the Xhosa and Zulu cultures, however, differing customs within various regions may contribute in determining this amount, as well as the value of each cow. In 2009, the average cow was priced at approximately ZAR5,000, but over time and with inflation, this has changed. Today, negotiations involve setting a price for a single cow and then multiplying the agreed price by the number of cows deemed to be the worth of the new bride. The amount due is affected by many different factors including, but not limited to, the education level of the prospective bride as well as whether the prospective bride already has children.
There are other costs involved like the ceremony for meeting the in-laws which is called “Mbonano” and is entry to the house. This is followed by “Guzvi”, a second price for greeting the in-laws and accompanied by the traditional greeting. Subsequent gifts of cash or food are then placed into a special plate that is used for the occasion. This is either bought or borrowed and has a price and ceremonial reference as well: “Kubvisa ndiro” (the price of buying or borrowing the plate).
At Challenor Finance we care about your future and applying for a personal loan will help you to pay for all Lobola expenses, thus securing your prospects.
“As we let our own light shine, we unconsciously give other people permission to do the same.” – Nelson Mandela
FOR THE LOVE OF MUSIC:
They say spending money on music is a great investment! Well at Challenor Finance we love a good investment and allow our clients the liberty to apply for loans to purchase music equipment and for music expenses. Many people have a yearning to learn to play a musical instrument, be it classical (piano or violin), rock (guitar or drums), jazz (trumpet or saxophone) or techno (electronic keyboard). But the costs can put this out of your reach. With our help this is attainable, and it will be a gift that keeps on giving as you develop your skills. You could even reach for the stars.
“It is music and dancing that make me at peace with the world.” – Nelson Mandela
SCHOOL FEES:
Education and studying is expensive yet important and necessary. You can expect to pay between R1 000 and R30 000 for each year of undergraduate study at a South African campus. Challenor Finance are fully aware of the vital importance of education and we offer loans to pay for educational expenses, thus assisting you in securing a better future for you and your loved ones.
“Education is the most powerful weapon which you can use to change the world.” – Nelson Mandela
LOANS TO PURCHASE PRODUCTS FROM STORES:
We can provide a customer with a personal loan for asset finance. If you need to buy any product from any supplier or need to pay a supplier for a service, we are able to assist you with a personal loan which will be paid out directly to the supplier. If the supplier is confident that you will buy the product, then we will make sure the supplier will get its money for the product. Funds are paid out directly to the supplier as a third party payment.
“Where you stand depends on where you sit.” – Nelson Mandela
BUILDING AND FURNITURE FINANCE:
Do you have a dream home in mind? Or a beautiful piece of furniture that is beyond your budget? Allow us, at Challenor Finance, to help you make your dreams come true! You do the legwork to find your dream furnishings, decorations or home improvements, and we supply the finance, directly to the supplier, to turn your dreams into reality.
“A winner is a dreamer who never gives up.” – Nelson Mandela
