Loans for blacklisted

Even people that are blacklisted sometimes need immediate cash. But if you are blacklisted, getting an approved loan is going to be impossible. Or isn't it?

Amount 300 - 4500 R
Interest from 1 %
Loan term 5 days - 35 days

If you will get the loan of R300 with the term of 5 days, your totally payment would be R364.25. The fee is R64.25

Amount 500 - 8000 R
Interest from 27 %
Loan term 30 days - 3 months

If you will get the loan of R500 with the term of 1 month, your totally payment would be R674. The fee is R174.

Amount 500 - 40000 R
Interest from 5 %
Loan term 30 days - 12 months

If you will get the loan of R1.000 with the term of 12 months, your totally payment would be R2.160. The fee is R1.160.

Amount 500 - 300000 R
Interest from 10 %
Loan term 12 months - 6 years

If you will get the loan of R500 with the term of 12 months, your totally payment would be R996. The fee is R496.

Amount 100 - 4700 R
Interest from 38 %
Loan term 7 days - 28 days

If you will get the loan of R100 with the term of 7 days, your totally payment would be R189.36. The fee is R89.36.

Amount 1000 - 250000 R
Interest from 20 %
Loan term 6 months - 7 years

If you will get the loan of R1.000 with the term of 6 months, your totally payment would be R1.765.5. The fee is R765.5.

FNB
Amount 1000 - 300000 R
Interest from 13 %
Loan term 30 days - 5 years

If you will get the loan of R10.000 with the term of 12 months, your totally payment would be R12.672. The fee is R2.672.

Amount 1000 - 5000 R
Interest from 3 %
Loan term 30 days - 6 months

If you will get the loan of R2.000 with the term of 6 months, your totally payment would be R2.957.32. The fee is R957.32.

Amount 2000 - 75000 R
Interest from 10 %
Loan term 12 months - 6 years

If you will get the loan of R2.000 with the term of 12 months, your totally payment would be R229. The fee is R2.229.

Amount 100 - 250000 R
Interest from 28 %
Loan term 60 days - 5 years

For the purpose of providing an example of the rates and terms, if you borrow R15,000 over 15 months at a fixed rate of 28% per annum, with an admin fee of R68.40 per month as well as an initiation fee of R1,197 the charges would amount to a representative rate of 68% APR (fixed). The total amount repayable would be R22,717.

Faq

Is it hard to get an approved loan for blacklisted?

No. Not if you qualify for getting a loan and not if you are using one of the best lenders that are registered with NCR.

Do you still require to go through an approval process?

Yes, they still need to make sure that you can afford the repayment of the loan and that you qualify for getting a loan

What does it mean to be blacklisted?

The good news is that many people can qualify to get loans for blacklisted. The only thing that you need to know is where to find these loans, and if you qualify. Many don’t know all the facts around blacklisted loans, and therefore they are applying to the wrong lender, or they don’t apply to any lenders and struggle with their emergency without cash. This guide is giving you all the information about loans for blacklisted. The first thing that you need to know is what does it mean to be blacklisted. Blacklisted is actually an older term used years ago. But it means that you have a bad credit score and that you are struggling to get any loan or credit approved.

The reason why people are getting blacklisted is mainly that you didn’t pay your previous credit on time, or didn’t pay the correct amount each month. The moment that your credit score reaches a certain number, you are known as blacklisted. Not being able to get approval for normal loans or credit. But, this doesn’t mean that you can’t get apply to loans for blacklisted. Most people that are blacklisted will be able to get approval for some blacklisted loans.


Qualifying for loans for blacklisted

Just like with any other type of loan, there are some basic criteria that you need to meet. If there is a loan where there aren’t any criteria that you need to meet, then you are not at a legitimate lender. According to the NCR, there are certain criteria that any loan applicator needs to meet before any loan application can be approved. These are the basic things you need to have for you to qualify for a loan for blacklisted.

  • You need to be employed at least six months at the same company and need to have the proof to show salary.
  • You need to get a basic salary of at least R5000,00 per month.
  • You need to be a South African citizen and need to have a valid South African ID.
  • Needs to be older than 18 years but younger than 60.
  • Even if this is a loan for blacklisted, you still need to be able to prove that you can afford the repayment of the loan.

Avoiding risks of using loans for blacklisted

One of the benefits of loans for blacklisted is the number of lenders you can apply for. However, you still need to be careful with the loan sharks that aren’t legitimate lenders and that aren’t registered to the NCR.

These lenders are normally those that are approving loans, even if you can’t afford the loan. They have extremely high-interest rates and are making the process of applying for a loan easier. However, this is a high-risk lender that can cause problems for you.

Even if you are blacklisted, you still need to make sure that the lender is registered to the NCR. To make sure that you are safe and protected against loan sharks.


Conclusion

If you have a bad credit score and you are blacklisted you might think that you can’t get an approved loan. However, this isn’t the case. There are loans for blacklisted that you can use. You just need to make sure that you are using the right lender, and that the lender is registered with the NCR. With any of the three mentioned lenders, you can get your loan approved without any problems.


The best loans for blacklisted that you can use

These are some of the best loans for blacklisted that you can apply for. The loans that are safe and registered to the NCR. You will not make a mistake in using any one of these three top loans for blacklisted.

Dialdirect loans

This is the number one lender for getting a loan if you are blacklisted. You can lend any amount up to R250 000. Their interest rates are a bit high at 27,75. Meaning that you are going to repay a lot of money, just on the interest. However, you can repay the loan from 12 to 60 months. Making it easier for you to afford the loan. The great thing is that you will be able to get your money within 24 hours after the application is approved.

1 Life loans

1 Life is another great lender that offer loans if you are blacklisted. You can lend any amount of money between R1 000 and R250 000 and repay it between 12 and 60 months. The thing that is making this lender better is that they don’t have high interests like Daildirect. They only ask 15% interest on the money you are lending. The money will be in your account within 24 hours after approval. One thing that you need to know is the fee that they are asking for handling fees when the loan is approved.

Loans direct

Your third option is loans direct. Also offering loans for blacklisted. The amount that you can lend from them varies between R5 000 and R200 000. With the repayment of 12 to 60 months. They also have high-interest rates for blacklisted. Their interest rates start at 27,75%. You will get your money the moment that the application is approved. Normally within 15minutes to an hour.



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