It’s no secret that it can be highly challenging to get personal loans with bad credit. While it can be challenging, it isn’t impossible.
There are various options available and you need to be as realistic as possible.
It’s important to make sure that you only work with only registered credit providers, who are National Credit Act-compliant.
To qualify for bad credit loans in South Africa, you generally need to be in permanent employment for at least 6 consecutive months and you need to prove affordability.
Lenders want to see that you are in reliable employment and will be able to afford repayments comfortably. In this case, your affordability is more important than your creditworthiness.
Offering a fast service, SA360 Loans is a specialist provider of access to fast loans. Loan amounts offered are between R1000 and R500 000.
SA 360 Loans are experts at finding loans for individuals with bad credit. It’s an online platform offering a nationwide service.
The loan amount you are approved for can be used however you wish. Whether you need to buy a new car or if you want to do some renovations on your home, SA 360 Loans can provide you with the right solution.
The loans are unsecured, so you don’t have to worry about putting an asset up as a form of collateral.
To qualify, you need to be a South African citizen, with a valid ID and you need to be employed. Once you are approved, you will get your money in a few days (between 3 and 5.)
EC Finance strives to provide easily accessible loan solutions for anyone who can afford them. For this reason, the institution offers its services to blacklisted individuals. EC Finance gives individuals a second chance through these loans.
If you’re looking for ways to access bad credit loans in South Africa, you shouldn’t only consider bank loans. You should also consider making use of web-based lenders.