Rating based on 9 reviews

Square Finance

  • Bad credit loans up to R3,000,000
  • Low-interest starting from 5%
  • Repayment up to 60 months

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Square Finance homepage
Author Square Finance. Screenshot of Square Finance website.
[Accessed December 9, 2022]

About Square Finance

Square Finance offers bad credit loans to South African citizens.

The best loans for bad credit

Square Finance’s website is straightforward, easy, and convenient to use. Their mission, which began in 2010, is to operate an industry-leading specialized consumer finance platform based on traditional lending principles. They offer many different loans including bad credit loans.

Where to locate Square Finance

The company was established in 2010. They're situated in Cape Town, South Africa, and their team of highly experienced loan professionals can help you with any personal loan requirements you have.

Bad credit loans to help you

They base their operations on business concepts that are reasonable, attainable, and, most importantly, realistic. The recognized financial solutions provider, Square Finance, has links to a wide range of investors. They can assist you with a loan for bad credit if you have been turned down for a loan by traditional lending institutions.

Well-established company beliefs

With simplicity, responsibility, openness, and fairness, they have defined their four core company beliefs for over two decades. These ideas serve as the foundation for their general concept as well as their bad credit loans.

Accessible bad credit loans in South Africa

Their bad credit loans are useful to their customers and are reasonably priced. Without any surprises, their items perform exactly as they are advertised to do. They believe that treating others in the same manner in which they would like to be treated is crucial. That’s why offering second chances is so important to them.

Square Finance Services

Qualifying South African citizens can apply for personal loans.

A personal loan from Square Finance is an unsecured loan for consumers with a strong credit history as well as bad credit loans for people with bad credit. Square Finance provides loans for a variety of objectives and offers a variety of products to suit the needs of its customers. You can borrow between R1,000 and R10,000 over 12 - 60 months.

Wide range of mortgage loans

A mortgage loan is a way to borrow money against the equity in your home to fund your current financial objectives and life ambitions. Get a bad credit loan of up to R500 million if you are a South African homeowner or Buy-to-Let property owner with a bad credit score.

For when you need extra assistance

Loan amounts up to R3 million are available with Square Finance’s guarantor loan package. A guarantor loan from Square Finance necessitates the use of a third party who must be a South African homeowner to guarantee loan repayments. They provide loans for a variety of objectives and offer a variety of products to suit the needs of their customers.

Business loans to help you

Square Finance Business Loans provide a lending solution for customers who require fast assistance and dependability. In South Africa and other African countries, their business loans of R50,000 to R500 million are accessible to qualified business owners and business start-ups.

Their non-regulated business loans provide a choice of financing solutions for customers with good or bad credit who need money for a variety of reasons. Therefore you can apply for a bad credit loan online on their website and find exactly the financial assistance you need.

Square Finance – Bad credit loan

  • Loan Type Bad credit loans
  • Interest Rate from 5%
  • Loan Amount up to R3,000,000
  • Repayment 12 months to 60 months

Benefits of Square Finance

  • Fixed interest rates
  • Same day approval and payout
  • Fast and easy application process

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.

Square Finance -giving everyone a chance to succeed

Everyone deserves a chance to access credit when they need it.

Whether you have excellent credit or need a bad credit loan, Square Finance has what you need. They are there to help you each step of the way. Submit your application today to see if you qualify for a loan from Square Finance.

Steps to apply

  1. After you select which loan you would like to apply for, select how much you need to borrow by moving the sliders.
  2. Select a suitable repayment term.
  3. Fill out your details and needed information on their bad credit loan online application.
  4. Submit your online application form and receive an answer shortly after.
  5. If approved, you can even have access to funds on the same day.

Bad credit loan lending criteria

  • The smallest bad credit loan amount is R10,000.
  • The maximum bad credit loan amount you can apply for is R3 million.
  • Their age requirement when applying for a loan is 21 years.
  • The maximum age for a loan from them is 70 years old.
  • You had to reside for a minimum of two months at the current location.
  • Loans are available in South Africa and other African nations.

Benefits of a bad credit loan

  • Bad credit loan rates that are competitive.
  • Bad credit loans of up to R3 million are available to qualified applicants.
  • A repayment period of one to ten years is possible.
  • All loans have a fixed interest rate, which means you will always know how much you will have to pay back.
  • Clients who have been banned as well as those who have been blacklisted are both eligible to apply for consideration.
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Square Finance is a trusted & reliable provider of bad credit loans

In our review, Square Finance adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Square Finance is a registered credit provider in South Africa: NCRCP10013

Customer Reviews & Testimonials

July 2021

Getting a business loan from a bank was difficult, so I applied with Square Finance and now my business is stress-free, which makes me happy once again. Thank you very much!

Coetzee A
— Klerksdorp —

September 2021

If you have a bad credit score and are in a tough circumstance, Square Finance is there to help you out. Because of Bad Credit Loans, I was able to get out of my financial predicament with relati...

Bangolo V
— Johannesburg —

October 2021

At Square Finance, the loan advisors are all quite helpful. After just one phone call, they were able to provide me with a timely response. They quickly confirmed my information and made it possi...

Zaheer R
— Mosselbay —

Square Finance Contact

Physical Address

  • 64 Main Road, Somerset West Cape Town Western Cape 7130 South Africa
  • Get Directions

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday 08:00 – 17:00
  • Sunday – Closed