Loans South Africa
It is no secret that many people in South Africa face financial difficulties each year. In many cases, these difficulties lead to poor credit, which can make it impossible to apply for loans South Africa. Only a few mistakes can mar your credit for years, and you may continue to be denied regular bank loans long after you have paid your debts and gotten your general financial situation back on track. If you need a loan, but have been blacklisted by the banks, however, there are a number of things you can do to get the money you need and get it fast.
How Do You Improve Your Credit Score?
The best way to improve your credit score is to pay off your outstanding debts and to prove that you are a responsible debtor. There are a number of credit repair agencies that will help you do this, but the process can take years. It is important to remember that any agency that claims instant credit repair is a scam. If you have bad credit and need money now, you will have to take out a loan designed specifically for those with poor credit. There are a number of registered loan companies in business that offer unsecured loans of between R1000 and R10000 to people who have been blacklisted by the banks.
What Is an Unsecured Loan?
An unsecured micro loan is a small loan designed to help those with poor credit. These loans South Africa can be taken out by anyone between the ages of 18 and 65, so long as the proper documentation is provided. Many people use the money from their loans to pay car or house payments or to cover their monthly bills. Responsible repayment of debt is the first step to improving your credit score. While taking out an unsecured loan can help you repay some of your outstanding debts, repaying the loan itself can also help improve your credit score in the long run.
How Do You Apply?
In order to apply for an unsecured loan, you will have to submit an application along with the proper documentation. You must be able to provide proof of employment in the form of a month’s worth of pay stubs. It is also a requirement that you receive your pay electronically. In order to prove this, you must submit two months’ worth of bank statements that clearly show electronic pay deposits. You will also be asked to provide a copy of your ID and proof of address no older than three months. All application materials can be submitted either in person or electronically, by fax or email.
Unsecured loans are available to all South Africans who meet the minimum criteria. It is important, however, that you only apply for a loan if you feel that you can repay the debt and that you only apply to a registered micro lender. If you are in financial trouble and need money fast, the banks may not be willing to help. By applying today for unsecured loans South Africa, however, you may soon have the money you need.
Don’t wait – Contact us today – ONLY IF YOU ARE SERIOUS ABOUT A LOAN!
AFTER SUCCESSFUL PRE-QUALIFICATION, WE WILL NEED A COPY OF:
- Your last 3 months bank statement reflecting your salary
- Your South African ID
- Your monthly payslip
- Your proof of residence
Pre-qualification takes less than 1 hour.
Simply complete the application and see the response!
THE RULES – YOU MUST:
- Be A South African Citizen
- Be employed for 3 months or longer with the same company
- Have a salary that is paid into your bank account
- Must receive a formal payslip from your employer every month
UNFORTUNATELY WE CANNOT HELP YOU IF YOU ARE:
- Self employed
- A commission earner only
- Under administration or debt review
- Weekly or fortnightly paid
- A Pensioner