Compass Finance

Compass Finance is a South African financial services company that offers a range of financial products and services to individuals and businesses.

The company's website provides an overview of its offerings, which include personal loans, debt consolidation, insurance, and investment products.

It’s committed to responsible lending and ethical business practices. It also provides information about the application process for loans and other products, as well as tools and resources to encourage customers to make informed financial decisions.

They’re a reputable and trustworthy financial services provider with a focus on meeting the needs of its customers.

Benefits of Compass Finance's business loans

• Loan amounts ranging from R20,000 to R500,000 can aid you to finance various business expenses and investments.
• Flexible repayment terms of between 6 and 60 months, allow you to choose a repayment schedule that suits your budget and financial situation.
• Competitive interest rates can save you money on interest charges.
• No collateral is required, making it easier for you to qualify if you do not have assets to pledge as security.
• The quick and easy online application process can save you time and hassle.
• Funds can be used for various business purposes, like purchasing equipment, hiring employees, and expanding operations.
• Fast approval times, with some loans being approved within 24 hours of application.

As a customer of Compass Finance, you can expect to receive excellent customer service. The company has a dedicated customer support team that is constantly available to assist you with any questions or concerns you may have.

You can contact the support team by phone or email, and they aim to respond to your queries promptly. Moreover, Compass Finance's website provides comprehensive information about its products and services, including frequently asked questions, which can help you find answers to your questions quickly and easily.

Overall, Compass Finance aims to provide a responsive, helpful, and informative customer service experience, ensuring you have a positive experience when using its products and services.

Compass Finance offers a range of finance options to help you acquire the assets you need to grow and succeed.

You can choose from the following asset finance products:

• Vehicle loans: This product helps you finance the purchase of a new or used car or other types of vehicles.
• Equipment finance: This product provides credit for your business to acquire the equipment you need for your operations, like machinery, office equipment, or tools.
• Plant and machinery credit: This product helps your business finance the purchase of larger and more expensive machinery or plant equipment, like construction equipment, manufacturing machinery, or agricultural equipment.
• Asset rental finance: This product allows your business to rent assets rather than buy them outright, which can be a cost-effective option for short-term or seasonal needs.

Compass Finance offers flexible terms and competitive interest rates on its equipment finance products, and you can apply online or in person. The company also provides personalised service to help you find the right asset finance solution for your needs.

Business loans of up to half a million

Compass Finance also offers business loans that can help entrepreneurs finance their businesses. The loan amount ranges from R20,000 to R500,000, and borrowers can choose a repayment term of between 6 and 60 months.

What exactly is asset finance?

Asset finance is a type of credit that helps individuals or businesses acquire the asset they need. This includes vehicles, equipment, or machinery, without having to pay the full cost upfront.

Instead, the lender provides funds to purchase or lease the asset, and the borrower makes regular payments, typically over a fixed term, to repay the loan or lease.