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

Find out about loans for people with bad credit in South Africa and make getting finance while blacklisted a breeze. We'll let you know what your options are and how to get approved for a loan to improve your credit score.

There are loans online which are specifically designed for South Africans with a poor credit history, but they tend to be more expensive than traditional personal loans. Even if you are blacklisted you can still get a loan, as long as you are able to prove that you can afford the repayments or, alternatively, that you are able to put up some form of collateral.

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 a 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. All South Africans are entitled to obtain one free credit report per year and you should make use of this tool to find out exactly what the credit bureaus have against you. If you notice any errors, you should address these immediately. It is not uncommon for people to find that there are fraudulent items on their credit report.

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 for 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 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 the 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

You will certainly feel more comfortable to get a loan from a family member or a friend. You will most likely have higher chances of getting finance as well especially if you are blacklisted. If you go for this option, you must do your best to get all the details written up in a formal contract to avoid any disputes and problems later and preferably have the funds transferred to your bank account instead of getting 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 higher chances of securing a loan if you place collateral up to secure your loan.

The collateral is a valuable asset which 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 installment 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, debt management or debt counselling with the assistance of a professional.

Bad credit loan calculator

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

List of direct lenders offering Bad credit loans

  1. Mulah Bad credit loan

    Mulah

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

    Hoopla Loans

    • Loans up to R250,000
    • Term up to 60 months
    • Interest from 20%
  3. Fincheck Bad credit loan

    Fincheck

    • Loans up to R250,000
    • Term up to 72 months
    • Interest from 16%
  4. Hippo Bad credit loan

    Hippo

    • Loans up to R200,000
    • Term up to 72 months
    • Interest from 24.75%
  5. Loan SA Bad credit loan

    Loan SA

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

    EC Loans

    • Loans up to R120,000
    • Term up to 84 months
    • Interest up to 28%
  7. Global Finance Bad credit loan

    Global Finance

    • Loans up to R100,000
    • Term up to 60 months
    • No fees charged!
  8. Cube Finance Bad credit loan

    Cube Finance

    • Loans up to R20,000
    • Term up to 3 years
    • Interest from 28%
  9. Wanna Loan Bad credit loan

    Wanna Loan

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

    SupaSmart Loans

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

    EZI Finance

    • Loans up to R8,000
    • Term up to 6 months
    • Interest up to 32.1%
  12. Cyber Finance Bad credit loan

    Cyber Finance

    • Specialised Debt Solutions
    • Expert Finacial Advice
    • Blacklisted Loans
  13. Binixo Loans Bad credit loan

    Binixo Loans

    • Loans up to R9,000
    • Term up to 65 days
    • Interest from 10.5%
  14. My Financial Help Bad credit loan

    My Financial He...

    • Expert Financial Advice
    • Term up to 5 years
    • Interest from 28%
  15. Loan Match SA Bad credit loan

    Loan Match SA

    • Fast Loan Comparison
    • Term up to 60 months
    • Interest up to 27%
  16. uBank Bad credit loan

    uBank

    • Loans up to R180,000
    • Term up to 72 months
    • Competitive interest rates
  17. Loan Connector SA Bad credit loan

    Loan Connector ...

    • Professional Financial Advice
    • Term up to 60 months
    • Interest from 10.71%
  18. SA Loan Services Bad credit loan

    SA Loan Service...

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

    Loan Locator SA

    • Quick bad credit loans
    • Easy online applications
    • Lightning-fast payouts
  20. Ayoba Loans Bad credit loan

    Ayoba Loans

    • Low-income loans
    • Term up to 60 months
    • Interest up to 28%
  21. TA Consulting Bad credit loan

    TA Consulting

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

    Blink Finance

    • Loans up to R4,000
    • Apply online
    • Transparent online loans
  23. Mr Cash Loans Bad credit loan

    Mr Cash Loans

    • Loans up to R200,000
    • Term up to 72 months
    • Interest up to 28%
  24. Easy Cash Loans Bad credit loan

    Easy Cash Loans

    • Loans up to R150,000
    • Term up to 60 months
    • Bad credit friendly
  25. Budget Cash Loans Bad credit loan

    Budget Cash Loa...

    • Loans up to R3,000
    • Term up to 40 days
    • Interest up to 65.96%
  26. Loan Tracer Bad credit loan

    Loan Tracer

    • Loans up to R200,000
    • Term up to 60 months
    • Interest from 10.71%
  27. Low Credit Loans Bad credit loan

    Low Credit Loan...

    • Loans up to R150,000
    • Term up to 60 months
    • Interest from 32.1%
  28. Just Affordable Loans Bad credit loan

    Just Affordable...

    • Simple & affordable loans
    • Term up to 60 months
    • Bad credit friendly
  29. Bad-Credit-Loans.co.za Bad credit loan

    Bad-Credit-Loan...

    • Loans up to R150,000
    • Affordable loan options
    • Find a loan online
  30. Kathlego Cash Loans Bad credit loan

    Kathlego Cash L...

    • Loans up to R3,000
    • Term up to 90 days
    • Quick cash in your account
  31. iLoans Bad credit loan

    iLoans

    • Loans up to R200,000
    • Term up to 60 months
    • Interest up to 28%
  32. SA Personal Loans Bad credit loan

    SA Personal Loa...

    • Loans up to R150,000
    • Term up to 59 months
    • Interest from 21%
  33. Debt Lab Bad credit loan

    Debt Lab

    • Loans up to R150,000
    • Interest from 27%
  34. Find a Loan SA Bad credit loan

    Find a Loan SA

    • Loans up to R200,000
  35. Legal Loans Bad credit loan

    Legal Loans

    • Term up to 60 months
  36. Loan Picker SA Bad credit loan
  37. Just Loans Bad credit loan

    Just Loans

    • Term up to 60 months
  38. SA 360 Loans Bad credit loan
  39. Finance Wizard Bad credit loan

    Finance Wizard

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

    Tenant Loans

    • Loans up to R150,000
  41. Blacklisted Loans Bad credit loan

    Blacklisted Loa...

    • Loans up to R200,000
    • Term up to 72 months
    • Interest from 22.3%