There is a large unbanked and under-banked population in South Africa which does not use formal banks or semiformal microfinance institutions. This presents an opportunity for us to offer an innovative range of high-quality, affordable financial products and services.Through our lending solutions we see ourselves as providers of interim finance and overdraft equivalent solutions for the under-banked and those looking to access and pay for goods and services.
smartadvance offers online lending solutions of up to R12000, payable over 12 months depending on affordability.
The loan application process is completely online and entirely automated reducing human error.
Using AI models, decisions are made using client data.
smartadvance is a responsible lender that not only assists people when they need a little extra financial help, but also believes in educating people to make financially sound decisions.
Customers have the right to their own valuable data.