Being blacklisted is never a pleasant experience for anyone. The reality is that there are various reasons that people find themselves in such situations. Some people fall behind on their debts as a result of unplanned events, such as retrenchment or critical illness. After not paying instalments for a number of times, this may lead to a bad credit record or being blacklisted.
While it can be challenging getting access to loans for blacklisted people, it’s not impossible.
Loans for blacklisted people in Soweto have given people hope again. Loans for individuals are easy to access online. Nowadays loan applicants can choose from a wider variety of financial products by simply using the internet. With the multitude of lenders available, it’s become easier for people to gain access to different types of loan solutions tailored to suit their individual needs.
As a blacklisted individual, if you’re looking for a loan, chances are that you’ll have to contend with high interest rates and may not qualify for high loan amounts as a result of your poor credit.
While this can be challenging, there are ways to work around it.
By putting up a form of collateral it may improve your chances of getting a favourable rate on loans for blacklisted people. Getting a co-signer for your loan may be another way of simplifying the process and improving your chances of getting a loan.
How to get loans for blacklisted people in Soweto:
Tshelete Thuso – credit for blacklisted people in Soweto
Founded back in 1994, Tshelete Thuso is a finance provider that offers loans for blacklisted people in Soweto. With offices based in Protea, at the Protea Glen Centre, Tshelete Thuso specialises in payday loans. To apply, you need to have a valid South African ID, 90 days’ bank statements, your latest payslip and be employed for longer than six months.
If you are blacklisted you can still apply for a loan and Tshelete Thuso will calculate the risk factors.
Contact 0861 22 22 98 or email lebo@tshelete.co.za
Capitec Bank Loans
Offering a variety of banking products, including transactional services, savings services and credit services, Capitec now has over 720 branches with over 7.3 million active clients.
The bank bases its operations on values such as: simplicity, affordability, accessibility and personal service.
Places where you can find Capitec branches in Soweto include:
- Maponya Mall
- Dube
- Jabulani Mall
- Protea Gardens Mall
- Dobsonville
- Bara Mall
- Meadowlands
- Bara Taxi Rank
- Diepkloof Square
- Protea Glen Mall
The Credit solutions offered by the bank are offered in the form of a personalised credit plan of up to R250 000 and a Multi Loan option.
Bayport loans for blacklisted people in Soweto
Bayport Financial Services is an institution that strives to provide innovative financial solutions for South Africans. Established in 2004, this credit provider prides itself on providing transparent solutions designed to help clients meet their financial needs.
Personal loans are provided up to R100 000. You can use the loan to pay for short and long term needs.
Repayment terms are offered a period of 84 months, giving you flexibility to repay at a comfortable rate.
Visit Bayport Financial Services at Maponya Mall in Soweto.
Use our finance calculator or apply for a loan.