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.
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
Cash loans are hard to find if you are blacklisted in South Africa. And many will charge you high interest just for the privilege of applying for a loan. We show you a few that are easy to apply for. Hint: apply with as many as possible and compare their payback options and interest rates
Loanlocator.co.za. You Apply online at https://www.loanlocatorsa.co.za/wp/apply-online/
Call their call centre on 0860 022 150. Their operating hours are: Mon – Fri 8:00am – 5:00pm and Sat 9:00am – 2:00pm. They are not a FSP but they will pass you’re request through they’re call centre.
Loan Seekers. Apply at http://www.loanseekers.co.za/online-application
firstname.lastname@example.org Office: 087 940 3073
As always, please read terms and conditions carefully before putting you details through… KNOW WHAT YOU ARE APPLYING FOR!
Apply here for loans for Blacklisted People
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
When you apply for a debt consolidation loan, there are a few thing that websites ask for when you apply for a debt consolidation loan online (keep this information handy when you apply):
- Whether you are blacklisted
- Your personal information such as marital status and ID number
- You banking details, including your bank account details
- Employment details such as employee number, frequency of salary
- Income. Gross/Nett income, expenses (calculate these carefully)
- Spouse/next of kin information. This is to verify other information
As always with loans, you should have the following documents:
- South African ID
- Salary slip
- Proof of address
- 3 months bank statements
Before all of this is sent out, make sure that you have agreed to their terms and conditions, and you are happy with the interest rate that they will charge you. Getting a debt consolidation loan can be can be simple, and how you can get it is also explained here.
To apply please go here!
Get pre-qualified for loan if you are a blacklisted individual by getting these 4 steps right:
- Be a South African citizen
- Be permanently employed, and receive a monthly or fortnight salary.
- You must have received your salary into the same bank account for at least three months
- You must be able to show that even though you are blacklisted, with the expenses you currently have you can afford the loan
What thing will disqualify you for a loan for blacklisted people?
- Nothing will disqualify you faster than if you are a commission earner, as you are unable to guarantee that you will receive the same amount of money every month
- If you are under debt review, under administration, sequestration or liquidation
Contact us to have someone get back to you…
Cash Loans are available for people who are blacklisted, and just like normal people with good credit blacklisted people also have access to these same facilities. Unlike the main banks like FNB, Absa and others, these facilities are available through indepedent credit providers.
What can you do to increase your chances of getting a cash loan?
Start by making sure your documentation is in order. Loan lenders always must be a South African citizens between the age of 18 and 65 earning more than R3000 per month. If you earn weekly/fortnight wages, this can be calculated, the main thing is to be permanently employed.
The next important thing with cash loan for blacklisted individuals is to have proof of address. This is what most lenders require from you to grant you the loan. However, if you are under administration, under debt review, undergoing sequestration or your expenses do not meet the standards set out by the NCR, you may not qualify. But by all means, do APPLY with credit providers.
If you would like more help please go to my contact page.
There are a lot of debt consolidation loans for South African citizens, the trick is getting an affordable consolidation loan that suits you as an individual. A warning that is always given to people who would like to consolidate their debt is that they should realize that they are actually taking out another loan, which means their debt has not magically disappeared but rather that it is now a lot more manageable.
This is because consolidating a loan means you are taking a loan so as to pay off your existing loans that have a higher interest rate and you are putting your debt into one manageable loan that has a lower interest rate and, because it is mostly over a long period, a longer period to pay your debts off.
And which consolidation loans are available in South Africa?
They are the secured loans, where you have to have collateral like a house (and depending on who you talk to you can put in your pension, etc., and other sure finances as collateral). Credit providers who give these loans are mostly the big financial institutions like Absa, FNB and Standard Bank. To read more on how this is done follow this link.
The next is an unsecured loan, where you do not have collateral like your own home or secured finances. This, and you will find this out when you visit credit providers, is the most risky for lenders. Follow this link to find out more about it.
At the end of the day you do not need to despair about finding loans available to consolidate your debt tailored especially for you.
To apply please Click Here.
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.