can you get a loan if you are blacklisted?

Are you blacklisted? Are you not able to get a loan big enough to cover your expenses? Do you not have any assets to lend against? Well, you are still able to get a loan to carry you to the next month.

Enter your details below to apply for Blacklisted Personal Loans

The banks will most likely not give you a loan, not even to consolidate your debt, but there are so many other accredited loan lenders that are able to offer you loans of sometimes up to R 50 000. The trick is that you must show that you can now afford this loan, even if you did mess up your credit record. What they look for is your current affordability and not your history. These loans do carry a higher interest rate than usual, as you are still a higher credit risk.

Here’s how:

You must be permanently employed. So check with your employer that they have registered you as permanent employee.
You must NOT be under debt review or administration.
You must be a South African Citizen, with a green bar coded ID/card ID
Your latest three months bank statements where you receive your salary
Your latest pay slip

Apply here for easy online blacklisted loan applications

Loans for Blacklisted people in Cape Town and Western Cape

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:

ZARFin

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
go to www.zarfin.co.za for more details

LMA Loans

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

 

Get help with personal loans: people with bad credit

debt consolidation loan

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.

Get a loan with bad credit

National Credit Regulator

Getting a loan whilst you are in creditor’s bad books will tax you with your finance and time. Running from pillar to post looking for the best rates, let alone a  lender who will lend you money, when you are blacklisted is a task. With a quick search on the internet I think you will find that you can find a lender who will give you a loan with your bad credit rating.

Get a loan with bad credit by meeting these requirements and you will be on your way to secure a loan with most lenders:

  • Be a South African with a valid ID
  • Your three latest payslips
  • Make sure your salary was deposited in the same bank account for the previous three months
  • Check your affordability by making sure your monthly expenses will fit in with the amount you will likely pay.

If you are under administration or in any kind of debt restructuring program you cannot apply for most loans.