Smart Advance was a finance app developed by Finclusion. It was removed from Google Play Mar 24, 2022 and is no longer available for download.
Download Statistics
Smart Advance had been downloaded 7.1 thousand times before it became unavailable.
User Ratings
Smart Advance was rated 2.60 out of 5 stars, based on 14 ratings.
App Information
Smart Advance was free to download. The APK download size was 23.67 MB. The last available version was 3.0.10. The last update was on March 8, 2022.
Technical Requirements
Smart Advance required Android 5.0+ or higher. The app had a content rating of Everyone. The app had been available on Google Play January 2021.
Description
What we do SmartAdvance offers tailor-made financial solutions for your employees’ personal needs. We provide free financial education to enable good decisions.
How it works Based on an employer smart assessment we create relevant, personalised financial products according to their needs.
What you get Employer smart report SmartAdvance generates in-depth reports on the financial status of your employees, based on their credit scores.
Employer dashboard Employers have access to a personalised dashboard, showing which employees have accounts with SmartAdvance, their outstanding balances, and the option to review and approve staff applications for SmartAdvance products and services.
Debt rehabilitation We offer employees rehabilitation loans to provide relief for over-indebtedness, bad judgements and administration orders, while reducing their monthly installments.
Credit scoring We provide employees with credit score information and advice for improvement.
Education Our free education modules teach employees core skills to improve their financial well-being. SmartAdvance aims to enable clients to make sound financial decisions
Minimum and maximum period for repayment, - 3 - 12 months
Maximum Annual Percentage Rate (APR) which includes interest rate plus all applicable fees and other costs for a year and - 28% - 60%
Terms and conditions apply. APR:24.5% to 60%.
Loan period: Minimum 3 months to maximum 12 months.
Should a client wish to pay up his loan before his term ends he/she will be able to do so without any penalty fees. Interest and fees outstanding will thus be calculated pro-rata.
Representative Example of loan: Loan amount R8 000, term 6 months, Annual Percentage Rate (APR) of 60%, plus Interest and Fees of R1 637.99 incl VAT and a monthly service fee of R69.00. Monthly instalment of R1 881.15 and total amount payable R11 286.90. Credit Cost Multiple: 1.3
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Each subscription will automatically renew 3 days before the expiration date for
the same time period. Subscriptions can be cancelled at any time before the renewal.
