Are you permanently employed? Do you have your salary deposited into a bank account? Have you been permanently employed for more than three months? You can apply from anywhere as loan applications for loan for blacklisted people in Pretoria are also available from anywhere in South Africa. You apply online and are given the opportunity to supply your information securely over the internet.
The only people who should apply for a blacklisted loan is exactly that: people who are blacklisted or have bad credit and are unable to apply with other credit providers. Applying for a blacklisted loan in Pretoria is easy if you apply online as the same credit is available for you and you will not have to travel to loan papers. To see how much you qualify for you will need to apply with as many credit providers and only accept one as that loan will still need to be paid back.
You will not be approved if you are under administration or are in debt review. If you are struggling with paying your debts apply for debt help rather than a blacklisted loan.
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
Personal loans are available even if you have bad credit. The issue most people with bad credit have is that they are afraid of getting rejected by the big banks like FNB and Absa when they apply for personal loans.
The good news is that banks are not the be all and end all of creditors, other institutions also provide loans for people with bad credit. These independent companies are also registered credit providers and help people with personal loans. A quick search on the internet reveals countless number of credit providers willing to help.
What help is there for people with bad credit records?
You can put through an online loan application for people with bad credit and get a reply within the same day. They will assess your credit score and see how much you qualify for. The qualification is often stringent as they will have to assess your expenses as per NCR’s rules.
Make sure you qualify by making sure of the following:
• You must be permanently employed
• You must be a permanent resident of South Africa
• You must be between 18 and 65 years old
• You must have a monthly take home of a reasonable amount after all your monthly financial obligations including the newly added consolidation loan
• A salary that has been deposited into the same account for more than 3 months
How much do you qualify to get a personal loan for?
You can get as much as R 200,000 if you can show you are able to qualify for the personal loan. It also can be as little as R 1,000 if that will help you through the month. It also depends on the reason you give for requesting the loan. If you can prove why you would like the loan you can get as much as R 200,000 or whichever the maximum allowed amount by specific lender.
Short term loans are hard to come by if you have bad credit or are blacklisted. Many financial institutions will most likely turn you down if they find that you have bad credit, or they will charge you an exorbitant interest rate for the short term loan.
Try and minimize your chance of being rejected by making sure that none of these apply to you:
- You must not be self-employed as this shows that you are getting an irregular amount of money per month and may struggle with paying the lender back.
- You must not be under administration or under debt review. This is self explanatory as if you are still under debt then you may get into more debt through loans.
- You may not currently be under sequestration or in the process of being liquidated.
If you are permanently employed, receive your salary into a bank account (monthly or fort-nightly), have been employed for more than three months (this is lender dependent) and are a South African citizen, then your application will be considered with major credit providers.
Blacklisted people often get turned away from major financial institutions that are weary of giving personal loans to people with a bad credit record. This has, of course, an effect on the personal lives of such people.
You can still get a personal loan if you are blacklisted or have a bad credit record. This is because smaller financial credit providers are more inclined to grant you a loan as they are less restricted and have more flexible policies. They are by law required to abide to the National Credit Act, 2005 (Act No. 34 of 2005) so don’t go into a financial credit provider’s office expecting them to break ethos and laws of the country.
Now, here are certain things you need to know in order to have the best chance to acquire that much needed personal loan.
- You will certainly attract a higher interest rate because you are still considered a risk. The interest rate is one of the first things you will need to inquire on, so shop around for the best rate.
- You have to have been permanently employed with your current employer for a period of more than 2/3 months, receive a salary into a bank account and have a salary slip.
- Be a South African citizen.
A lot of these institutions will most likely turn you away if you are:
- Self employed
- A commission earner only
- Under administration or debt review
- Weekly or fortnightly paid
- A Pensioner
How much can you acquire? Well, it really depends on the lender and you. Some lenders will go as far as R 200, 000 or as low as R 1000, but will depend on how comfortable you are with the interest rate they will charge you. They also will look at your own debt record. The most important thing is to make sure you can pay back these monies.
Be at the ready with documentation such as the last 3 months bank statement, South African ID, payslip and proof of residence. There are still institutions willing to grant loans for blacklisted people and your search should not end with the banks.