South Africa's directory for cash loans, personal loans, blacklisted loans, short term loans, unsecured loans and more
Personal loans are financial assistance offered by lenders in compliance with the National Credit Act. The act requires that lenders must be registered with the credit regulator to offer loans in South Africa. You need your 3 months bank statement, ID and your payslip.
This type of loans are commonly called blacklisted loans and are offered by lenders to individuals who have a bad credit and are blacklisted. People turned away by banks because of their credit score tend to opt for this type of loans. They carry higher interest rate than normal loans
Payday loans are loans that are offered for a period of 30 days against your income that goes into your bank account. The repayment is 30 days and the debit order goes off when your salary comes in. These have become very popular in South Africa.