Bad Credit Personal Loans

Apply for a personal loan at a time that is convenient for you even if you have bad credit or no credit.
No face to face interviews. We will communicate directly with you via email or sms.
No security needed.
Cash deposited directly into your bank account.
Bad credit clients welcome.

Loan Criteria

You must be Permanently Employed for a minimum of 6 months

You must be between the ages of 21 years and 65 years to qualify for a loan.

You must have South African Citizenship and have a bar-coded ID book.

You must have your own bank account. We can not assist if your salary are paid into a third party account.

We can not assist you if you are under administration or debt review

Apply for a loan up to R50 000:
Surname:
Names:
Email:
Cell number:
Landline number:
ID:
Are you employed by the government?:
Should you be declined for a loan, would you like to be referred to a debt counsellor?:

Low Interest personal Loan for bad credit

If the borrower is seeking the lowest interest percentages, they should review the credit report for inaccuracies, as inaccuracies result in over 25% of lowered credit scores. Once a thorough review of a credit report has been completed and the borrower still does not qualify for the cheapest personal loan rates, they should design a plan to raise the credit score. The fastest and most effective way to raise a credit score in order to receive the cheapest personal loan rate is to pay down all balances on credit cards to at least 20% of their limits.

This can raise a credit reporting score up to 30 points in as little as 30 days. Borrowers should consider this option before applying for a variety of personal loans. Each time an application is made in an attempt to receive the cheapest personal loan rate, the borrower's credit score is decreased by one point. There are no points taken off the borrower's credit report if they receive it themselves and give the lenders the accurate credit reporting score verbally. If the borrower lies to a lender about the score, then they should not be surprised at the closing of the loan that the cheapest personal loan rates will not be offered to them.

It is important to note that some borrowers will be requesting the lowest interest percentages in order to pay down their credit card debt. One option is to borrow money from a family member or friend until the cheapest personal loan rate is approved and the funds dispersed, then the borrower can pay back the family and friends, reduce their credit card balances with the remaining funds, and begin their predetermined repayment schedule that includes the lowest interest. Receiving the cheapest personal loan rate should be a high priority for a borrower