To borrow money online in South Africa means you can instantly apply for a loan from your mobile phone, tablet or PC. Online lenders offer an alternative to borrowing from the banks which can mean you may qualify quicker. We look at the steps you can take from finding the right credit provider through to getting the loan paid into your bank account. Steps to borrow money online: Find a credit providerGather your documentsFill in the online application formSubmit your documentsSee if you qualifyGet cash paid into your bank account First Step to Borrow Money Online: Find a Credit Provider The first thing to do when you want to borrow money online is to find a credit provider. There are plenty of credit providers in South Africa that offer online loans. Most of these lenders will have an online application form you can fill in. This allows you to apply instantly from your device in the comfort of your home. Remember this is only the first step of your application and doesn't mean that you will get the cash right away. Because the moneylender will usually do a credit check on you and will also require documents. You may still… Read More

There are different reasons why loans get declined in South Africa by the banks and other creditors that offer borrowing. It can be disappointing to apply for a home loan or car finance only for a lender to deny your application leaving you feeling like you can't get a loan approved anywhere. These are the top 5 reasons why loans get declined: Your Employment SituationYou Have a Lack of AffordabilityYour Credit Record is BadYou are BlacklistedYou are Under Debt Review If you prefer, you can watch this short video on the main reasons a bank or credit provider will dismiss a loan application. Your Employment Situation One of the first things a bank or creditor checks when you apply for a loan is your employment situation. They will check if you have a permanent job with a regular income. Then they will look at what kind of job you have and how long you have been working for your employer. So if you have been in permanent employment for less than six months this is one reason your loan may have been declined. In addition the lender will determine what kind of salary you are earning and how that may… Read More

Game Stores, Cash Crusaders and Pick n Pay are 3 stores in South Africa people are looking to get loans at. Two of these offer personal loan solutions but at present the other doesn't. Read on to find out more. Game Stores Loans at Game Shops in South Africa Game stores offer cash loans and fixed term loans in South Africa. With the cash loans available at Game shops you can borrow up to R250,000. You can apply online and if you qualify, funds are in your bank account within 24 hours. However you may not qualify if you have bad credit. If you only think you may be blacklisted it may still be worth applying for Game loans. This information may also interest you: Cash Loans For People With A Bad Credit History You must be earning at least R2,000 a month to qualify for a cash loan at Game stores. The fixed term loans allow you to borrow up to R125,000 with up to 60 months to pay. You get the following benefits with a fixed term loan at Game Stores: Borrow for purchases up to R125,000 Options to repay from 12 to 60 months with fixed monthly… Read More

Capitec or African Bank offering loans for blacklisted clients in South Africa? It's a popular question that people with bad credit in this country are asking. Because so many are in financial difficulty and want to apply for a loan with a credible bank. Loans that blacklisted people are looking for at the banks include Car loans for blacklistedPersonal blacklisted loansBank loans for bad creditBlacklisted home loansEmergency loans for blacklisted people There are strict rules that a South African bank has to follow regarding borrowing. Because banks have to be careful they are not causing people to get into mountains of debt. Money they borrow that they cannot afford to pay back. Both Capitec and African Bank have applications that will determine if you qualify for a loan. Therefore it depends on your personal circumstances whether or not you qualify. If it's just a question of you think you are blacklisted or your credit record is bad then it might be worth applying. Check your credit record first: How you can Check if you are Blacklisted in South Africa What Does Being Blacklisted Mean in South Africa? Being blacklisted simply means that you are seen as a high risk to… Read More

Rent money loans in South Africa will help you pay rent arrears when you are behind on your monthly payments. Borrowing money to pay your landlord may quickly buy you the time you need until your finances get better again. Loans to help you pay outstanding rent: Personal LoansEmergency LoansPawn Shop LoansBridging FinancePrivate Lender Loans Because of the Covid 19 pandemic thousands of people in South Africa are falling behind on monthly rental payments. Lockdown means a loss of income and many need money today or tomorrow to pay outstanding rent on their homes urgently. Rent loans for Covid 19 circumstances because of a temporary loss of income can come in many forms. So use the following to know which loans you can apply for to help you pay your rent in South Africa and stay where you live. Rent Money Loans in the Form of Personal Loans Personal loans to pay your rent arrears are available from most South African banks including: Capitec BankAfrican BankFirst National BankABSAStandard BankWesbankNedbankInvestecMercantile This list of banks offer personal loans for most reasons. So you will be able to get a loan to pay rent arrears in South Africa. There is of course certain… Read More

No payslip loans in South Africa are available when you need to borrow money but you cannot provide the lender a payslip. It's not common but there are creditors you can contact to help you get the finance you need without having to produce a payslip. Questions about payslip loans both online and offline include: Can I get an online loan without a payslip?Which bank gives a loan without a payslip?What's the best no payslip loan in South Africa?How can I get a no payslip loan? It is possible to borrow money in South Africa without having a job or steady income. The key is to be able to offer a creditor something of value against your borrowing. So let's take the four questions above and offer answers and options for this kind of finance. Can I get an online loan without a payslip? Yes there is a way you can apply for a loan online without having to produce a payslip in South Africa. You will be applying for what they call a "Pawn Shop Loan". You can read more about this finance here: How a Pawn Shop Loan Works in South Africa Basically what you are doing when… Read More

Emergency loans for people in South Africa come in the form of the following: Bad CreditBank LoansBlacklisted FinanceLoans for people under Debt ReviewUnemployed LoansBusiness FundsLoans To pay rentStudent Finance There are times in life when we need to borrow money quickly. You may want to get fast approval on a loan application. Therefore this is where a fast lending solution comes in handy. So lets take the emergency loans we list above and break down the various options one by one. Emergency Loans for Bad Credit in South Africa The following video on emergency loans highlights some of the borrowing options available in South Africa. To get an emergency loan with bad credit in South Africa you need goods to use as security. For instance you can't simply visit a Capitec Bank and ask for an emergency loan when you have bad credit. Because it doesn't work like that. Therefore you need to have more of a plan. If you own a car for example, that is a personal item you can use against borrowing money for a loan. If you don't own a car, you have bad credit but you only need a small cash loan then you can… Read More

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 ID3 of your latest payslips or 3 latest bank statementsYou must prove you are permanently employed and/or earning a monthly salaryYou'll need a valid cellphone numberA valid SA bank accountYou 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… Read More

Consolidation loans for a low credit score in South Africa are available. But you have to make sure that you have some kind of collateral. Or that you have someone who can co-sign the loan forms with you. Not all lenders in South Africa are willing or in a position to lend money to people with a low credit score. We cannot guarantee any loans will get approval. Having said that you can try the following banks for consolidation loans when you have a low credit score: Standard BankCapitec BankAfrican BankNedbankWesbankAbsa BankFNBDirect AxisOld Mutual Finance If you are already in debt, borrowing money isn’t such a great idea. But if you desperately need financial aid and have run out of options then this is the route to go. If you're in Debt Consider Counselling You could also go for financial counselling to get you through the emotional stress of financial trouble. Having debt and having a big red line through your name when it comes to having a low credit score. If you don’t own a house, could someone who does, sign the forms for the consolidation loans for low credit with you? Careful though. Because this means that if… Read More

Makro, Woolworths and Cash Converters offer loans to people in South Africa. Of course you need to apply for the different finance offers. Therefore let's break down and compare these loan offers one by one. And you may soon be on your way to borrowing the money you need. Please be aware that you usually need to have a good credit record to qualify for finance from most companies. However there are instances where you can get a loan with a bad credit record or if you are blacklisted. As you will discover below. Makro Cash Loans Makro is a popular shop that offers cash loans for people in South Africa. You can apply for Makro loans online or by calling them at their contact details. In addition by sending an SMS from your cellphone. The most important things to consider with the loans available at Makro are: You can apply to borrow up to R250,000 from MakroApproval is on the same day, often within minutesMoney gets paid into your bank account within 24 hoursCompetitive interest rates and service fees apply according to your credit risk profileMonthly statements help you understand how much you still oweRepayments are done with a… Read More