Category Archives: SHORT TERM LOANS

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

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

Cash loans

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 or visit www.loansonlinesa.co.za

FNB Debt Consolidation loans

FNB probably has one of the most the most comprehensive debt consolidation loans around. They call these their Debt Relief Solutions. FNB can help you consolidate your debt by bringing you four, yes four, options when it comes to debt consolidations. And this does not include the traditional way of debt consolidation which is their FNB Easy Loans product. Follow this link to learn more about it.

So, what ways can FNB consolidate your debt?

1. Straight-2-budget. By consolidating your debt into a Budget  Plan and rescheduling payments over a period of 6-60 months. Contact them: call 087 575 1111

2. Budget Plan Consolidation. By consolidating multiple budget facilities into one budget plan. Contact 087 575 1111 for this plan.

3. Balance Transfer. Consolidate debt from retail, clothing accounts, short-term or personal loan and transfer to your budget facility. You also get to pay a promotional rate for the first 9 months of the debt consolidation. Call 0860 BT CARD (28 2273) to find out more.

4. Credit Card Assist Plan. This is for those who struggle with paying their FNB credit card debt and helps them pay off their credit card debt over a certain period without the balance increasing. Call 087 575 9432 to know more about this option.

Loans for Blacklisted people nationwide

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:

Loans Sa

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.loansssa.co.za   for more details or apply here

Getting an Absa personal loan

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.