Tag Archives: LOANS FOR BLACKLISTED

Get a loan with bad credit

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. apply here

Direct Axis loan consolidation

Direct Axis  Direct Axis loan consolidation Direct Axis

Direct axis is one of the credit providers that can help you consolidate your debt. They have a product called the “Personal Loan Account Consolidator” which helps you consolidate your debt into a much more affordable loan.

The product works because you are reducing interest rates and other overhead charges by paying only one lender, or loan for that matter. This is done by calculating your accounts payments and seeing if by paying them off through the personal loan account consolidator you will have saved yourself money in the long run.

They also offer car finance, personal loans and other loans.

Before rushing to take the loan, visit their hellopeter.com page to see if they truly are the best in the loan consolidation business.

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

Apply online for a debt consolidation loan

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

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

Pre-qualification on loans for blacklisted

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…