FAQs

Are you in need of a loan? Apply for a personal loan today!
We offer the widest range of personal loans of up to R150,000.00


Make your dreams a reality with the right loan

If you are blacklisted it means that the credit bureau has listed your name as someone who has a bad credit record from being under debt review, having a judgement against your name or being listed as a bad payer. This means that you’re not able to get a loan with financial institutions. We help blacklisted people get personal loans from different financial institutions.

Being blacklisted means you have a bad credit history, it doesn’t mean that you will not be able to get finance from any financial institution. Getting a blacklisted personal loan from a registered credit provider has never been easier! We lend responsibly, treat our customers fairly, and help people to achieve their dreams.

There are no hidden charges. We make all our fees completely clear upfront before you apply.


Please note that all our lenders are registered with the NCR. See the below guidelines when applying for a loan:

ANNUAL PERCENTAGE RATES

Minimum loan period 12 months Maximum loan period 60 months. Maximum APR 38% per annum. Representative example: Loan amount R100 000, terms: 36 months APR (Annual Percentage Rate) 28%, monthly service fee R68.40, monthly repayment R4558.00. The interest rate will depend on the loan amount, loan term and credit profile of applicant.

RENEWAL POLICY

If a client is up to date with his loan repayments, they may qualify for a second or third loan depending on the criteria as set by the loan company. The client will have to apply again and the loan provider will look at the clients profile, affordability, etc. The loan provider will then make a decision based on the rules and regulations as set by the NCR.

IMPLICATIONS OF NON PAYMENTS

There should only be initial cost if your monthly debit order was unsuccessful as a result of insufficient funds or changing bank accounts without prior notice to the service provider. The service provider will try to contact the client in order to resolve the problem.

If the client can’t be found or the problem can’t be solved, it would be handed over to the internal collections department to see if a solution to the problem can be found. If an agreement can’t be reached, the lender can make use of an external collections company or an attorney.

This will lead to an increase in fees and interest. This will have a big influence on the clients credit score and it will be very difficult to get any more credit from any loan provider.

Monthly premiums for loan repayments will be done by direct debit order collection from the clients bank account. Unsuccessful debit order collections may result in the client being charged a fee by his own bank for the unsuccessful transaction.


When applying for a loan:

  • Make sure you understand the terms and conditions of the application
  • Understand what surety and security will be applicable to the loan.
  • Do not loan more than you comfortably can repay within a period of time and per the agreement

What is a credit score (credit rating)?

It is a number determined by a credit bureau based on your credit history over a time period. Your credit history constitutes all the information regarding your credit habits, and a credit report is the document logging it.

There are three major credit bureaux: Transunion, Experian and XDS. Each has its own formula for determining credit scores.

Lenders may look at your credit record from one, two or more credit bureaux before deciding whether or not to grant you credit. Some financial institutions compile their own information regarding your credit habits.

How can you improve how you score?

  • Make monthly payments on time
  • Don’t miss any credit card payments
  • Pay outstanding balances in full
  • Don’t end up in court for late or non-payment
  • Notify creditors immediately if you can’t make a payment
  • Don’t take out further credit when paying off debt
  • Pay off debt closest to their credit limit first
  • Check your credit report for errors
  • Don’t enquire about credit unnecessarily