For many people in search of convenient cash loan solutions, heading to their local bank doesn’t always work out. This is why it can be helpful to get assistance from a micro lending institution.
In South Africa, since the amendment of the National Credit Act, more micro lending institutions are operating in the market. Blacklisted individuals now also have more options for loaning money.
We Can Cash Loans (Pty) Ltd is a leading micro lending institution situated in Durban. Specialising in the provision of quick cash loans, the institution provides payday loans.
The lender has secured loans for blacklisted people.
Blacklisted individuals often have a hard time finding loans when they need them the most. Banks are often not willing to take risks on individuals with a bad payment history. This was made worse by the financial crash of 2008. Fewer lending institutions have simple lending criteria. Institutions want to be sure that they are lending to individuals who can comfortably afford to make repayments.
Being blacklisted can be as a result of numerous factors. You may have been fired or retrenched – resulting in you being unable to meet your credit obligations. You may have had a medical emergency that requires large sums of money – leaving you without much disposable income. This does not mean that you can’t access funds when you need them. It’s always advisable to only get a loan if you can afford to make the necessary repayments.
Loans for blacklisted individuals are often unsecured loans. These loans are offered on a short term basis (usually no longer than 30 days).
Applying is simple as most lenders require you to submit documents online. Once you are approved, you usually have immediate access to the funds so that you can take care of your urgent financial needs.
We Can Cash Loans (Pty) Ltd Requirements:
- Latest 2months’ bank statement
- Latest payslip
- Copy of ID
- Proof of residence
To contact We Can Cash Loans (Pty) Ltd, call: 031 201 3063