Bad Credit Personal Loans

We offer unsecured bad credit personal loans from R 2 000 – R 250 000. BLK assist country wide, take note that we do not charge any fees for any of our services. No original documentation needed, just complete the quick online application for a pre approval. You will receive a reply via email within 5 minutes. All loan applications are paid out the same day provided the documentation you send us upon pre approval is correct is correct. We try make our loan application quick and easy. At BLK we offer the following loan services: short term loans, long term loans, consolidation loans and pay day loans, no credit check loans for clients who are blacklisted or have a low credit score .

Bad credit personal loans application process:

Complete the online application, details need to be 100% correct. BLK will contact you with the pre-approved personal loan amount, at the same time advising what documents needed to finalize your loan application. Once documentation is received the contract will be drawn up after which approval and payout will take place. No original documents needed, the process can be done via email or fax. Don’t hesitate to contact BLK for any assistance. With over 10 year experience in the loans industry you can trust that we will do our utmost to find you a loan.

All you need to qualify:

  • You are 18 years or older.
  • Earn a minimum gross monthly salary of R 3000 per month.
  • Bank account were your salary is deposited into.
  • South African green bar coded ID.

Once pre-approved we will need the following to finalize your application for payment:

SA ID document (Green bar coded ID)
Latest up to date 3 months bank statements into which your salary is being deposited.
Latest pay slip (past 3 month’s pay slips if commission earner)

All BLK service providers are NCA and NCR Registered and compliant.

blacklisted personal loans

How to find the right bad credit loan provider?

Your 1st step is to begin your research on finding the right bad credit loan for your needs.

This means considering your loan type options. Bad credit pay day loans online, though popular for people with poor credit, likely won’t give you the amount of funding that you need to be able to finance a new car.

Instead, consider bad credit personal loan, which allow you to borrow from R5000 to R 250 000—and often don’t require a credit check.

Bad credit personal loans can actually be used for any kind of purchase you’d like to make. In other words, you don’t need to “prove” to the lender that you’re going to use the loan money to finance a car purchase, build onto your house, buy furniture or electronics in order to get approved.

Personal loans are also a wise choice because they don’t require you to put up any kind of collateral to be approved. This means that you won’t be at risk of losing your assets if you’re unable to make your payments.

Instead, most personal loan lenders will just require you to have automatic loan repayments deducted from your current bank account.

Another benefit of blacklisted personal loans?

You can get approval for them incredibly quickly. This means that, in as few as 24hours, you could have the cash in your bank account that you need.

You can also apply for blacklisted cash loans online, which makes the entire application process much easier.

There’s one more thing that you need to understand about personal loans. Whether or not you get approved for one depends on your current income. This is what lets lenders know if you’re likely to actually be able to make those repayments every month.

In other words, just because bad credit personal loans don’t come with a credit check doesn’t mean that they don’t have other application requirements.

Requirements to apply for a loan for blacklisted:

First of all, you must be at least 18 years of age.

Must be a South African citizen.

You also need to have an active bank account in South Africa from were a debit order can be deducted each month, and also where your loan monies can be paid into once approved.

You will also need to provide proof that you can afford the loan repayment each month, this will be in the form of pay slips and bank statements. If you cannot afford the loan repayment, we will try and apply for a consolidation loan were we pay up some of your debt plus you get the balance out in cash.

Finally, make sure that you always double check the fine print. There are plenty loan brokers out there that want to charge you a fee to process applications, we don’t do that.