Moolah Loans offers loans for clients throughout South Africa who are blacklisted will have a bad credit record. Having an accurate record can make it very hard to apply for financing South Africa, which is why Moolah Loans offers a quick and easy online application. 

You can apply for a personal loan and get the money deposited into your bank account. The loan application is very easy to do and you need to comply with the following criteria:

  • Be a South African citizen with a green bar-coded ID
  • Have a bank account registered in your name
  • Earn a minimum monthly salary of 3000 Rand per month

Unfortunately, you cannot apply if you are currently under debt review or under administration. You have to have full-time employment and have a bank account to which a given order can be loaded to pay your monthly premium.

Unsecured loans often attract slightly higher interest rates due to the fact that the risk is higher for the lender. However, this is a great option for people were unable to keep traditional finance and the bank or other financial institution. If you are in need of finance or personal and your blacklisted, you may apply for a loan and use the money for anything that you need.

If you are over-indebted never apply for an additional loan as that will only worsen your condition and have a negative impact on your credit rating. However, if you have unforeseen expenses and medical bills, school fees, or even home renovations, and unsecured personal loan is the perfect alternative to consider. You can visit Moolah Loans online and following a very easy application or you can contact them and finalised application telephonically.