• Frequently asked Questions

    From what amount can I take a loan?

    Sno Finance offer pay-day loans starting from R500.00 to R8000.00 on a month-to-month basis. First time client’s maximum is R2000.00 for a period of 3 months, after that loans can gradually be increased accordingly.

    Over how many months can I take a loan?

    Sno Finance only offers short-term pay-day loans.

    What is the maximum amount I can borrow?

    New clients can borrow up to R2000.00 for the first 3 months and thereafter gradually increased according to client’s affordability. We will not lend you more than what you can’t afford, and we don’t want to overcommit our clients into larger loans.

    What should I do if I cannot repay my loan?

    We encourage our clients to speak to us first before a loan is due. We can and will arrange a payment plan that will suit you.

    What will happen if I skip a payment?

    If you skip a payment, interest will be applied accordingly. If you take a loan – repay it. If you can’t repay your loan, notify us before your repayment fails. If you don’t notify us, then you don’t respect us therefore shouldn’t get angry when we take necessary steps to protect our business.

    Should I take multiple loans from different establishments at once?

    Speak to us first before you apply for multiple loans because taking multiple loans at once has proven that sooner or later, you are going to be unable to repay them all.

    Should I go under debt review if I cannot afford my monthly instalments?

    Talk to us first before you consider debt review because it is a very long process that will involve attorney fees and is not a cheap one. Make sure that you understand what you’re signing and how long the process will take.

    Do you do credit checks?

    Yes, we do credit checks. We want to ensure that we are lending to you responsibly so to protect your financial health.

    Can I take a loan on behalf of my partner/relative/friend?

    Sno Finance will never complete a loan application on your behalf or even ask a third party to do for you.

    Can I use my SASSA grant to apply for a loan?

    Unfortunately, we don’t issue loans using a SASSA grant. We require clients to have a payslip and 3 months bank statement to process a loan application.

    Does Sno Finance have a WhatsApp number?

    Yes, our WhatsApp number is 082 686 3886.