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

Get short term loans for blacklisted people

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.