Do you need a Loan? – We Can Help
- Loans of up to R150 000 – from 3 -72 months.
- Blacklisted clients welcome – we can help!
- Pre-qualification within 24 hours
- Payouts within 1-5 working days
- Self Employed welcome
Use the contact form to your right and we will start processing your request immediately. One of our friend staff will contact you in case we need any other information.
We are here to help you get a loan. Blacklisted are also welcome.
Are you looking for relevant information on how to get personal loans in South Africa? Well hopefully the following details will give you a better idea of what to expect.
With the current world economic climate still in a fragile position, it has become more difficult in gaining a loan for any amount from banks and financial institutions. Gone are the days when you could just walk in to most high street banks with a couple of recent payslips and your id or passport and get the loan money transferred to your account within 48 hours.
How do you get a personal loan?
If you wish to gain a personal loan and live in South Africa then, it’s important to figure out exactly how much you wish to apply for and exactly what it’s required for. Banks and financial institutions still have a service and duty of care and although they’re not as generous with lending money as years gone by, they still have financial obligations and government targets to meet
There are two loans that are usually available a secured and non secured loan. A secured loan is usually granted from a bank or leading financial body if you have good credit rating or have a steady bank balance and is normally secured against your property or has a guarantor. The interest payments you’ll pay with this type of loanare much less and more favourable than an unsecured loan. An unsecured loan is usually the type of loan that you would go for if you have bad debt, have been in involved in a debt management program or have been blacklisted at some point. These type of loans are usually granted by third party agents and sub prime loan companies who take on more risk than high street banks and the interest is much higher with an unsecured loan.
Secured loan or non secured loan?
With either the secured or unsecured type of loan you can apply either by a personal visit or most loan lenders have an easy to fill out online application form and a decision can normally be reached within 24 hours based on the information you provide.
There are other factors to consider when applying for a personal loan in South Africa and includes a recent utility bill or payment as proof of address, recent employers payslips, any relevant bank statements and your South African identification card.