Blacklisted personal Loans are ideal loan solutions for individuals who have a less-than-perfect credit record, but who need to access extra cash. As blacklisted individuals, it’s often quite a mission to get access to loans as someone who has a poor credit record, mainly because you are considered to be a high risk individual.
By visiting www.blacklistedpersonalloan.co.za you can get access to personal loans from R2000 to a maximum of R150 000. These loans are unsecured, so there is no collateral required. You won’t have to provide any assets as collateral.
There is an easy online application, so you don’t have to worry about having to wait in long queues or travelling to a branch to apply. You also won’t have to provide any original documentation either, as the entire application process can be completed online.
Personal loan providers offering Blacklisted Personal Loans are compliant with the National Credit Act and NCR-registered. Loans are only granted to individuals who can afford to make repayments.
How the application process works:
You need to complete an online application and make sure that all details are correct.
You can then wait for pre-approval, after which you can send your documents. The application process will then be finalised.
What are the qualifying criteria – Blacklisted personal loans South Africa
- Be above the age of 18 years
- Be permanently employed for at least 3 months at your current employer
- Earn a minimum gross monthly salary of at least R3000 per month
- Have a bank account with debit order facilities
- Have a valid South African ID
- You need to earn a basic salary every month
What are some of the benefits of Blacklisted Personal Loans?
- You don’t have to worry about any credit checks being done
- You’re able to get access to the cash you need to meet your financial needs, at competitive rates.
What are some of the disadvantages?
Because you’re considered a high-risk individual, interest rates you are charged may be higher.
You may not be approved for a high loan amount and may be limited to the results of your affordability assessment.