Struggling to find debt consolidation loans in Port Elizabeth? The Friendly city not so friendly towards your dream of consolidating your debt? Apply here online for debt consolidation and get help with your debt from anywhere in the country. How will debt consolidation help you? Debt consolidation will help you pay those high interest debts by getting you one loan with much lower and longer term loan.
So, even if you are in P.E. you can get help lowering payments on:
- STORE CARDS
- CREDIT CARDS
- PERSONAL LOANS
- BANK OVERDRAFTS
- HIRE PURCHASES
Debt consolidation loans can also help you get lower your risk on getting a bad credit record by paying off that loan you struggling to pay and already are late on.
You can get a secured debt consolidation loan or an unsecured debt consolidation loan, depending which one you are able to afford. Remember that you will have a debt consolidation loan is an actual loan so you will still have to be credit worthy to be approved for a debt consolidation loan.
If you do not qualify or are just too far with your debt, you can apply for debt help here, where you can apply for debt review and debt counselling.
Blacklisted but need a car? Join the queue! You are not the only person who is in need of a car but are blacklisted. The reason why you don’t get vehicle finance when you’re blacklisted is because you don’t qualify for a loan, just like if you were to borrow money for personal use, vehicle finance is the same as making a loan.
Vehicle finance for blacklisted people works in a different way though, you actually don’t get a loan yourself, you get loaned the car while a company makes a loan on your behalf. They can make a loan on a brand new vehicle, depending on your individual profile looks like, or they can get a second hand vehicle finance. By them loaning you they’re car, we mean that exactly, it’s not your vehicle until you make all the payments are made. So if you want to own the vehicle you will have to apply with as many companies as possible to get a deal that says that you will be able to own the vehicle.
So, do you really qualify for vehicle finance? You don’t. You are just able to get a company to ‘rent’ you one of their vehicles.
Do you still want to go ahead? Here are typical requirements for qualifying to rent-to-own a vehicle.
A rather big deposit. Think 20-25%. If you take the no deposit route just know you will have to pay a lot more over the rental agreement.
A permanent job with a good salary, and the salary has to be deposited into a bank account. You have to produce bank statements that show that your salary has been deposited into it for the previous three months or more.
You should a valid driver’s license.
Be able to currently afford it the loan vehicle.
Despite what you might have initially thought, you are actually able to get finance for a car although you have been blacklisted or have a bad credit record. Many companies are able to get you driving brand new cars like a Volkswagen Polo Vivo or Toyota Yaris even if you are blacklisted (have a bad credit record). We would advise that you not actually get car finance and are blacklisted if you are not able to afford it. This would defeat the purpose of you getting a car. You have to be able to pay the car off.
So how does car finance for blacklisted people work?
Well, you know that you are able to rent a car, now what you able to do is rent a vehicle on a purely rent to buy or rent and buy later deal.
How much will you pay for vehicles on blacklisted finance?
You can get a Polo Vivo for less than R4 000, or how about a Mercedes for less than R8 500 a month? Well, most of these require a big deposit. Think 20% of the value of the vehicle. All these options vary, of course, based on what you qulify for and how your bad credit looks like. You are able to drive a good car if you are able to pay it off, and pay off your debt as well. Interest rates will be higher that with a traditional car finance as you are still a risk to them, and expect to pay between 14% and up to 20%, depending on who you get. Do apply to as many as you can so you can compare companies that provide car finance for bad credit.
There are other rules that apply to who will qualify for car finance. And per usual they include: you may not be on judgement or be a sequestrated individual, you must be fully employed for more than 3 months, you must have a bank account with your salary being deposited into that account, you must be a citizen of South Africa and have an ID. But these are standard requirements that you must fulfill. Please also make sure that when they do an affordability assessment that you are actually able to afford a vehicle at these interest rates. Whether you can get car insurance for this is another story.
Get up to R 230,000 personal credit with Capitec Bank. Capitec Bank offers its customers who are on its Global One product to apply for a personal loan of up to R 230,000 and pay it off in 84 months. You can get a loan within 20 minutes of application. The bank will also contact you to tell you whether you have been approved or declined for the personal loan.
What do you get with this?
- The money will be available in your transaction/savings account immediately after approval
- Fixed monthly repayments
- You are able to consolidate all your existing loans for easier using this loan
- You also get Free retrenchment and death cover from Capitec Bank
When applying for a Capitec Bank personal loans please remember:
- Your South African ID book
- An original proof of residence such as your municipality bill
- Your latest salary slip or salary advice
- A 3-month bank statement
Capitec bank also prides itself on being transparent and they publish how much you will pay for their loans. Here is a list of examples of loan repayments: http://www.capitecbank.co.za/personal-banking/credit/rates
To Apply for a personal loan click here
RCS is an accredited Financial Services Provider, and is affiliated with the Foschini group and Standard Bank. Get a personal loan of up to R 100 000 within 24 hours with RCS. All applications can be made online through their website, and if you qualify provisionally for their loan then they will contact you and finish the process of getting you a loan. Their terms and conditions are quite easy to read and understand, explained in the most layman terms possible without trying to trick you with words you don’t understand. Read them carefully and understand them, though. You need to make sure you understand and are willing to abide by them.
As with all lenders, you will need to agree to the RCS personal loan interest rate charged. Have a look at how much they would like to charge you on the capital amount (loan amount) and compare that with other loan lenders. Apply with as many as possible and review the quotes you get before agreeing with any of them.
RCS personal loans contact details
Ground Floor Liberty Grande Building
Corner of Voortrekker Road and Vanguard Drive
PO Box 111, Goodwood, 7459
Tel: 021 597 4000
Fax 021 597 4727
Call Centre: 0861 729 727
Absa personal loans are available for their existing clients, or new clients, who wish to have a loan of between R 3 000 and R 150 000, depending on how much you qualify for and your credit assessment. This is a longer term loan than the short-term Absa Express Loan that you pay off in 6 months or less, the Absa personal loan is paid off in 12 to 84 months.
There are different options available when taking an Absa personal loan. If you take the fixed rate loan, you can pay over a period of 60 months, if you take a variable rate loan which is linked to prime you may qualify to pay over a period of 84 months. You may choose to pay additional sums towards settling your capital amount on the loan without getting penalized.
applying online for a personal loan
Existing Absa customers can easily apply for a loan by looking for the ‘apply’ link on their Absa online banking profile. The process is quite seamless and it’s possible to have your loan available in less than 10 minutes! You will have to be registered for online banking in order to apply online for an Absa personal loan. If you are not a current Absa customer then applying online will take a bit longer, but you may still apply online with Absa, although you will need to give them all your documentation in order for them to see if you qualify for a personal loan with them.
As with all types of loans, you need to apply for as many as possible and then compare which one is more competitive and gives you a better rate.
Absa Personal Loans contact centre
||0860 100 372
||0860 00 33 00
||0860 008 866
The Absa Express Loan is a short-term loan from Absa that many of its clients are glad is available for them. Nothing really is available to rival this from other major banks. The Absa Express loan is short-term, so it means you will pay it over less than a year, and Absa has put together options of 1, 3 or 6 months to pay it off. You mat apply for a loan starting from R 1 500 to R 8 000.
There are a few conditions if you would like to qualify for this Absa loan: You must be a South African citizen, have your salary deposited into a bank account (this is because Absa will actually debit your account), you must earn more than R 1 500 per month, proof of residence (water bill, Etc).
As with all loans, check that you can afford this loan and will be able to pay it off in the stipulated time period. You must apply for more than one loan and then compare the amount you will be paying off per month. Choose one that you can pay off quicker (and as affordable) as possible. You want to pay less on your interest rate and as less an amount as possible. At times you will have to prove that you can afford a loan, and by doing so you will be safe from unscrupulous lenders who don’t care about you but are reckless in their lending.
There are dozens of companies willing to help a hand by giving those who are blacklisted a loan in Cape Town. Although getting a loan in Cape Town is as easy as getting a loan in Johannesburg as most loans do not require you to go into their office. Some of the companies that are trusted in giving qualifying people, especially if they are blacklisted, are listed below:
Based Wynberg, Cape Town in the Western Cape, they offer loans of up to R 180, 000. They also deal with granting loans for blacklisted people in Cape Town and the rest of the Western Cape area.
What do you need?
1) 3 x Months Bank Statements
2) 1 x Latest Salary Slip
3) Copy of ID
4) Proof of Residence
They specialise in micro loans even for blacklisted people. They offer up to R 15, 000 personal loans.
Although they are based in Cape Town, you can apply online for a loan with them. But you will need to furnish them with the following documents:
The latest payslip (must have the company name and the engagement date.)
A three month bank statement (with a fica document that is proof of address )
Certified copy of your South African ID
Out of all the major Banks in South Africa, African bank does not really sell their debt consolidation loan as well as the others. Maybe they will give us specific debt consolidation loan packages in the future.
What African Bank stresses though is that you should check the pros and cons of taking a debt consolidation with them first, and then you can go ahead and apply for a loan.
For now, if you would like a debt consolidation loan from African Bank head over to their website and make an application.
Extra information: Loans 0861 111 011 | Credit Cards 0861 000 555 | Applications 0860 333 004
Absa Bank is running a promotion where you can get an Absa debt consolidation loan with them by consolidating your debt onto your Absa credit card. You could qualify to pay an interest rate of only 8,8% for the first 8 months with your Absa consolidation. The offer will end 30 June 2013, and as usual please read through and understand their terms and conditions for taking their consolidation loan.
If you don’t have a credit card with Absa, you can still apply for the credit card to enjoy this debt consolidation loan, but you will be charged an initiation fee and monthly service fee. Find out more about this promotion by going to http://www.absa.co.za/Absacoza/Offers/Promotions/Balance-Transfer or by calling 0861 46 22 73.
There are other ways to get Absa debt consolidation. Absa Bank is considered to be one of the four big banks in South Africa, and just like the other banks you can get an Absa debt consolidation loan through their Absa Further Advance product.