Bad Credit Loans South Africa – simple and easily accessible personal loans

The high cost of living has made it increasingly challenging for many people to keep up with their debt repayments. As fuel costs rise and food becomes more expensive,  more South Africans are having a hard time repaying their debts – which often leads to bad credit.

Having bad credit can be quite an inconvenience. Not only do you have a blemish on your credit record as a result, but credit providers are less likely to willingly grant you access to credit when you need it most.

If you do get access to bad credit loans, chances are that you may have to contend with high interest rates and higher installments in general.

While traditional lending institutions aren’t likely to provide you with access to finance,

the good news is that you can get access to finance through other micro lending institutions. With the amendment to the National Credit Act in South Africa, more micro lenders have entered the financial industry and are competing with big banks.

South Africans have more choice when it comes to lenders.

The good news for those with bad credit records is that they will be able to apply for finance to help them through any financial emergencies. Unlike in teh past, when having a bad credit record meant that you could not get any access to finance, these days there are various lenders that specialise in the provision of this sort of finance.

Bad Credit Loans is a South African brokerage that allows applicants to apply for personal loans of up to R200 000. By applying for finance through this institution, it is possible to obtain a bad credit loan despite your bad credit record.

All you need to do is simply complete the online application form. This form will then be presented to a panel of lenders. The application process takes as little as one hour.

Bad Credit Loans – What are the qualifying criteria?

You need to be  a South African citizen with a monthly income of R1500 or more.

You also need to be at least 18 years of age or older.

You need to provide proof of residence, proof of income and your latest 3 months’ bank statement.

Benefits of Bad Credit Loans?

There are no hidden costs involved. The entire process is transparent. Bad Credit Loans will provide you with information about your payment upfront.

You can apply for a loan in the comfort of your own home, with the simple online process. You can save time and money that you would have spent on travel costs.

It takes about 24 hours to know the outcome of your application. So you can get quick access to your loan amount once you qualify.

There are no credit checks. Bad Credit Loans understands the challenges that life throws at us at times. So your affordability will be the main deciding factor in the decision to grant you a loan or not.

You can get access to loan amounts of anything between R1000 and R200 000. You also have the freedom to use the loan amount however you choose. Whether you need to pay for tertiary education costs or for home renovation costs, the choice is completely yours.

Personal loans may have a repayment period of between 12 and 72 months.

Bad Credit Loans contact

To contact Bad Credit Loans, call: 021 007 1914

Use our finance calculator or apply for a loan.