Loans For Blacklisted

Blacklisted Need a Loan?

The main stream banks are unlikely to grant blacklisted people loans, consolidation loans or any other form of finance or extend credit if you are unfortunate enough to have been blacklisted.

So if you are blacklisted & need a loan there are certain lenders who will grant you one but you must exercise extreme caution & ensure that you do not sign for your loan & bind yourself to an exorbitant interest rate and/or unrealistic re-payment terms.

Click Here To Apply For Your Personal Loan Online »

Furthermore, if you are successful in securing a loan on favourable terms there are many benefits to using your money to consolidating your debt which you can read about below.

It should also be mentioned that if you do get such funding, restructuring your debt will provide you with the means to get out of your downward financial spiral if you use it wisely…

Some loan providers offer unsecured blacklisted loans up to R150,000 which is made even easier & more convenient by not insisting on having your original documentation before granting the loan.

In some cases all it requires is for you to complete a simple online application form & you will know within 30 minutes whether you have been approved for your loan.

Before going through with your application for your blacklisted loans you are urged to ensure that the loan provider is registered with the NCR.

Requirements To Qualify For a Blacklisted Loan?

• You must be 18 years or older.
• You need to be a South African citizen with a green SA ID book.
• You need to earn a minimum monthly salary of R 3000 per month.
• You need to be permanently employed for at least 3 months at your current employer.
• You must have a South African bank account to which a debit order can be effected.

What Is the Difference Between Blacklisted Loans & Personal Loans?

Generally when referring to a personal loan it is assumed that you are not blacklisted & have a clean credit history which means that you can apply through the main stream banks at a lower interest rate.

This is preferable to a blacklisted loan which carries more risk for the lender as your credit record is not clean & the loan provider may view you as a far higher credit risk.

Furthermore, by not having a clean credit record you will be unsuccessful in applying for a personal loan through a main stream bank.

However, being blacklisted does not mean that you have no financial independence as explained above there are avenues to pursue for funding to get back on your feet.

Once you have been granted your “blacklisted” loan you have the power to use the money responsibly & relieve yourself of that restricting debt that is choking the life out of you.

Tips For Removing Your Blacklisted Status

• improve your credit rating at every opportunity & never miss a payment
• only pay the minimum amount required each month for each account or debt
• however, pay more if it means that your credit rating will improve
• ensure that the details on your credit report are current & always correct
• check your credit report regularly to ensure the above as it is your passport to getting your blacklisted tag removed & improving your financial situation.