Ackermans, PEP Stores and Shoprite Checkers offer loans from their shops in South Africa. Even if you think you might be blacklisted with bad credit you can still apply for personal cash loans with these stores to find out if you qualify.
Ackermans Loans
Ackermans offer loans to their customers through Capfin. So you can apply for a loan with Ackermans online or via an SMS message using your cellphone.
Some of the criteria you need to meet when you apply for the Ackermans loans includes:
- Your South African ID
- 3 of your latest payslips or 3 latest bank statements
- You must prove you are permanently employed and/or earning a monthly salary
- You’ll need a valid cellphone number
- A valid SA bank account
- You need to be at least 18 years of age
Repayments, loan amounts, interest rates and service fees differ from one customer to another. But you will need to fill out an application form for an Ackermans loan to see what you qualify for.
Therefore it is unlikely that you will qualify for a loan at Ackermans if you have a very bad credit record in South Africa.
This may also interest you: Do ABSA, Nedbank, FNB or Standard Bank Offer Blacklisted Loans?
To find out more and apply for a loan with Ackermans – Click Here.
PEP Stores Loans
Loans from PEP Stores are available for customers who wish to apply.
Similarly to Ackermans, PEP stores offer loans through the SA Registered Credit Provider Capfin.
The following is an example of how much a PEP stores loan will cost you over a 6 month repayment period:
- Loan Amount: R4,000
- Interest Rate: 5% per month
- Initiation Fee: R535,00
- Maximum Monthly Service Fee: R69,00
- Maximum Monthly Instalment: R954,00
- Loan Repayment: R5,722
The figures above are correct at time of writing.
How to apply for a loan at PEP Stores:
- Visit your local PEP Stores with your South African ID with 3 latest payslips or 3 latest bank statements
- The consultant will scan your documents and send through your application
- Capfin will then contact you directly to let you know if your application is successful
Customers in South Africa that wish to apply for a loan through PEP Stores can find more information by Clicking Here.
If you are blacklisted in South Africa you have less chance of qualifying for a loan from PEP.
You may find this interesting: Desperate for a Loan in South Africa? Read This
Shoprite Checkers Loans
Shoprite Checkers loans are on offer through a registered credit provider called Mfin.
You can apply for a loan by visiting a Shoprite Checkers store near you or alternatively apply online.
You get the following benefits with a Shoprite loan:
- Convenient online applications
- Fast loan approvals
- Get cash paid directly into your bank account if you qualify
- Loan amounts of R1,000 – R7,500 available
- Flexible loan repayment terms
- Competitive interest rate
As with all loans from shops in South Africa there are terms you need to consider with a loan from Shoprite.
Loan terms such as these:
- You haven’t already got too much debt
- You can afford the loan repayments
- All the info that you give Shoprite Checkers is true and correct
- You understand the terms and conditions of borrowing clearly
- You do not have a bad credit record
- And of course you are a South African citizen 18 years or older
Visit this link to apply online for the Shoprite Checkers cash loans.
Or head on down to your local Shoprite Checkers store to apply. As a result you can speak to one of their financial consultants who will help you with your approval for a Shoprite loan.
In Summary
All three of these stores have branches in South Africa where you can speak to a consultant about finance options.
We have taught you the basic criteria and what you need to apply. And also indicated that blacklisted clients and people with bad credit may not qualify.
So have a look at their websites. Or pop down to your nearest Ackermans, PEP Stores or Shoprite Checkers for further details on the loans they offer in South Africa.