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Loans for Blacklisted

If you’ve been blacklisted or have bad credit, these lenders are here to provide you with a range of alternative loan products.

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loans for blacklisted
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Online Loans for People with Bad Credit

If you’ve defaulted on a credit agreement in the past, have been late to repay or have been blacklisted for whatever reason you will be unable to qualify for traditional loans.

That’s where these bad credit lenders come in!

Frequently Asked Questions

Get a Personal loan even if you're Blacklisted

We can assist people who are blacklisted to find the best financial options for them. If you are a person in South Africa with bad credit then let us help you find a loan and improve your credit score.

There are loans online that are specifically designed for South Africans with a poor credit history, but they tend to be more expensive than traditional personal loans.

There are loans that are tailor-made specifically for those with bad credit in mind. You will need to either provide proof that you will be able to make repayments on the loan or put up collateral that can be collected in the event you do not make payment.

Find out how to improve your chances of getting a loan by reading through our expert advice and tips on finance, credit and debt.

Bad credit loans in South Africa

When it comes to bad credit history, you have to know exactly where you stand and exactly what items have been recorded against you. The best way to do this is to request your credit report and go over it carefully.

You are entitled to request one free credit report a year. It is advisable to make use of this service to make sure that there are no issues that you may not be aware of. Sometimes there has been a mistake or fraudulent items against your name and you will only know of this and be able to rectify it if you have the information.

You should know that having bad credit does not mean that you cannot qualify for a personal loan. You may not be able to meet the requirements of traditional banks, but you may qualify for products offered by other bad credit lenders. That is why you should always explore all available options.

You just need to do this carefully. It is best if you submit a loan application to different lenders within a short period of time such as a week or two. In this way, the applications will not have a negative impact on your credit record. You must apply only to registered credit providers that adhere to the rules and regulations of the National Credit Act.

Remember that loan sharks will readily offer you a personal loan for bad credit to you, but they will charge interest and fees which may be virtually impossible to pay.

When your credit record is poor, you should consider alternative ways of obtaining finance such as bad credit and blacklisted lenders.

Government support for People with Bad Credit

There are special credit programmes run or supported by government agencies and local authorities. These are designed to help people who are in a difficult situation to get a loan for covering cash emergencies, for making repairs or improvements to their homes or for starting a small business for supporting themselves. You should research such programmes and apply online or in person.

Keep in mind that sometimes these short-term loans are offered through traditional lenders such as banks.

P2P Loans for Blacklisted

Peer-to-peer lending is gaining momentum and becoming more and more popular among South Africans. You can readily obtain a loan from a private person via a P2P platform directly without the need for a bank or other credit provider. You do not have to meet any specific financial criteria in order to get finance as different lenders specialise in different types of credit.

However, you must still make a commitment to repay the principal plus the cost of borrowing on time and in full to prevent any further damage to your credit.

Alternative ways to get a Loan if you have Bad Credit

Making a loan with a friend or family member may be an option for you. You may feel more comfortable speaking to someone close to you about your situation and asking them for assistance. If you feel that this is the best option for you then make sure that you draw up a contract that you both can sign and which lays out all the amounts and repayment terms. You should also request that the money be transferred into your bank account, so that there is proof of receiving the funds, over cash.

If you need a small payday loan or just a small amount of money to tide you over until payday, friends and family will be your cheapest and safest option.

Even if your family and friends are not able to lend money directly to you, they may still be able to help you out. If they have stable and secure employment income, they can be your co-signers. When you have a co-signer, you two take out the loan jointly and you share the responsibility for its repayment.

In this way, the risk for the lender is lower and you can get a pretty good deal.

Secured Loans for Bad Credit

If you have bad credit or are blacklisted in South Africa, you will have a higher chance of securing a loan if you place collateral up to secure your loan.

The collateral is a valuable asset that serves as security. If you do not repay the loan, the lender will have the right to repossess the asset. Given this, the risk of you defaulting on the loan will be lower. As a result, the lender will be more willing to grant you a loan. You will most certainly secure a lower interest rate as well.

This is a helpful solution, but you must ensure that you will be able to repay the loan. You should not underestimate the risk which you will assume when taking out further credit.

Practical Tips

You have to know exactly how much the loan will cost you and what instalment amounts you will have to pay. If the loan seems quite hard to repay given your current income and monthly expenses, you should look for an alternative solution.

You should avoid getting into further debt to repay existing debt unless you are undergoing debt consolidation or credit counselling with the assistance of a professional.

Bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This bad credit loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

List of direct lenders offering Bad credit loans

  1. EZI Finance Bad credit loan

    EZI Finance

    • Loans up to R8,000
    • Term up to 6 months
    • Interest up to 32.1%
  2. Mulah Bad credit loan


    • Loans up to R4,000
    • Term up to 30 days
    • Interest up to 38%
  3. SupaSmart Loans Bad credit loan

    SupaSmart Loans

    • Loans up to R200,000
    • Term up to 60 months
    • Interest from 16%
  4. Blink Finance Bad credit loan

    Blink Finance

    • Loans up to R4,000
    • Apply online
    • Transparent online loans
  5. EC Loans Bad credit loan

    EC Loans

    • Loans up to R120,000
    • Term up to 84 months
    • Interest up to 28%
  6. uBank Bad credit loan


    • Loans up to R180,000
    • Term up to 72 months
    • Competitive interest rates
  7. Hoopla Loans Bad credit loan

    Hoopla Loans

    • Loans up to R250,000
    • Term up to 60 months
    • Interest from 20%
  8. Square Finance Bad credit loan

    Square Finance

    • Loans up to R3,000,000
    • Term up to 60 months
    • Interest from 5%
  9. Mr Cash Loans Bad credit loan

    Mr Cash Loans

    • Loans up to R200,000
    • Term up to 72 months
    • Interest up to 28%
  10. My Financial Help Bad credit loan

    My Financial He...

    • Expert Financial Advice
    • Term up to 5 years
    • Interest from 28%
  11. Hippo Bad credit loan


    • Loans up to R200,000
    • Term up to 72 months
    • Interest from 24.75%
  12. TA Consulting Bad credit loan

    TA Consulting

    • 100% free service
    • Term up to 60 months
    • Interest from 14 %
  13. Cyber Finance Bad credit loan

    Cyber Finance

    • Specialised Debt Solutions
    • Expert Finacial Advice
    • Blacklisted Loans
  14. Global Finance Bad credit loan

    Global Finance

    • Loans up to R100,000
    • Term up to 60 months
    • No fees charged!
  15. Ayoba Loans Bad credit loan

    Ayoba Loans

    • Low-income loans
    • Term up to 60 months
    • Interest up to 28%
  16. Fincheck Bad credit loan


    • Loans up to R250,000
    • Term up to 72 months
    • Interest from 16%
  17. Easy Cash Loans Bad credit loan

    Easy Cash Loans

    • Loans up to R150,000
    • Term up to 60 months
    • Bad credit friendly
  18. Loan SA Bad credit loan

    Loan SA

    • Loans up to R150,000
    • Term up to 60 months
    • Interest up to 27%
  19. Binixo Loans Bad credit loan

    Binixo Loans

    • Loans up to R9,000
    • Term up to 65 days
    • Interest from 10.5%
  20. LoanSpot Bad credit loan


    • Low interest loans
    • Loans up to R300,000
    • Term up to 84 months
  21. Low Credit Loans Bad credit loan

    Low Credit Loan...

    • Loans up to R150,000
    • Term up to 60 months
    • Interest from 32.1%
  22. iLoans Bad credit loan


    • Loans up to R200,000
    • Term up to 60 months
    • Interest up to 28%
  23. Speedy Loans  Bad credit loan

    Speedy Loans

    • Competitive interest rates.
    • Loans up to R200,000
    • Flexible repayment plans.
  24. ShowTime Finance Bad credit loan

    ShowTime Financ...

    • Loans up to R250,000
    • Term up to 84 months
    • Interest up to 27.75%
  25. Cube Finance Bad credit loan

    Cube Finance

    • Loans up to R20,000
    • Term up to 3 years
    • Interest from 28%
  26. SA Personal Loans Bad credit loan

    SA Personal Loa...

    • Loans up to R150,000
    • Term up to 59 months
    • Interest from 21%
  27. Cool Finance Bad credit loan

    Cool Finance

    • Low interest rates
    • Loans up to R500,000
    • Affordable loan options
  28. Loan Match SA Bad credit loan

    Loan Match SA

    • Fast Loan Comparison
    • Term up to 60 months
    • Interest up to 27%
  29. Loan Locator SA Bad credit loan

    Loan Locator SA

    • Quick bad credit loans
    • Easy online applications
    • Lightning-fast payouts
  30. Debt Lab Bad credit loan

    Debt Lab

    • Loans up to R150,000
    • Interest from 27%
  31. Just Affordable Loans Bad credit loan

    Just Affordable...

    • Simple & affordable loans
    • Term up to 60 months
    • Bad credit friendly
  32. Budget Cash Loans Bad credit loan

    Budget Cash Loa...

    • Loans up to R3,000
    • Term up to 40 days
    • Interest up to 65.96%
  33. SA Loan Services Bad credit loan

    SA Loan Service...

    • Easy Loan Qualification
    • Term up to 84 months
    • Interest from 2%
  34. Loan Connector SA Bad credit loan

    Loan Connector ...

    • Professional Financial Advice
    • Term up to 60 months
    • Interest from 10.71%
  35. Loan Tracer Bad credit loan

    Loan Tracer

    • Loans up to R200,000
    • Term up to 60 months
    • Interest from 10.71%
  36. Wanna Loan Bad credit loan

    Wanna Loan

    • Loans up to R3,000
    • Term up to 37 days
    • Interest from 5%
  37. Kathlego Cash Loans Bad credit loan

    Kathlego Cash L...

    • Loans up to R3,000
    • Term up to 90 days
    • Quick cash in your account
  38. Find a Loan SA Bad credit loan

    Find a Loan SA

    • Loans up to R200,000
  39. Finance Wizard Bad credit loan

    Finance Wizard

    • Loans up to R150,000
  40. Just Loans Bad credit loan

    Just Loans

    • Term up to 60 months