Important disclosure

Loans for Blacklisted

If you are a South African, getting a loan while you are blacklisted is not an easy task, but it can be done. Banks and financial services providers, in general, will not offer loans for blacklisted people. There are, however, private lenders who offer online loans for blacklisted people.

Calculated repayments

MPOWA Finance Loan for R4,000

7 days
to 38 days
R600
to R5,000
0.00%
Monthly
Earn more than R10,000 per month? Then you may be eligible for a zero % interest rates for your first loan! Successful applications received before 3pm will receive money in their accounts by 5pm the same day. All applications are online.
Earn more than R10,000 per month? Then you may be eligible for a zero % interest rates for your first loan! Successful applications received before 3pm will receive money in their accounts by 5pm the same day. All applications are online.

Wonga Loan for R4,000

4 days
to 6 months
R500
to R4,000
5.00%
Monthly
New customers can borrow up to R4000, and up to R8000 for existing customers; now with 6 months to pay. What you'll need: A cellphone number, SA ID number, bank account details and most recent proof of income.
New customers can borrow up to R4000, and up to R8000 for existing customers; now with 6 months to pay. What you'll need: A cellphone number, SA ID number, bank account details and most recent proof of income.

MPOWA Finance Loan for R4,000

7 days
to 38 days
R600
to R5,000
0.00%
Monthly
Earn more than R10,000 per month? Then you may be eligible for a zero % interest rates for your first loan! Successful applications received before 3pm will receive money in their accounts by 5pm the same day. All applications are online.
Earn more than R10,000 per month? Then you may be eligible for a zero % interest rates for your first loan! Successful applications received before 3pm will receive money in their accounts by 5pm the same day. All applications are online.

Wonga Loan for R4,000

4 days
to 6 months
R500
to R4,000
5.00%
Monthly
New customers can borrow up to R4000, and up to R8000 for existing customers; now with 6 months to pay. What you'll need: A cellphone number, SA ID number, bank account details and most recent proof of income.
New customers can borrow up to R4000, and up to R8000 for existing customers; now with 6 months to pay. What you'll need: A cellphone number, SA ID number, bank account details and most recent proof of income.

Lime24 Loans for R4000

5 days
to 36 days
R300
to R5,400
5.00%
Monthly
With their advanced technology in place, the loan is fast and approved in just 5 minutes. There are no hidden fees with us. You select your own loan conditions and the total cost is always visible from your individual profile.
With their advanced technology in place, the loan is fast and approved in just 5 minutes. There are no hidden fees with us. You select your own loan conditions and the total cost is always visible from your individual profile.

Mulah Loans for R4000

1 day
to 30 days
R500
to R4,000
38.00%
Yearly
Mulah.co.za offers quick, short-term, safe online cash loan solutions. This method of providing Personal Loans allows us to cut out the middleman as well as most of the boring, complicated paperwork associated with loaning from a bank.
Mulah.co.za offers quick, short-term, safe online cash loan solutions. This method of providing Personal Loans allows us to cut out the middleman as well as most of the boring, complicated paperwork associated with loaning from a bank.

Konga Loans for R4000

7 days
to 50 days
R300
to R5,400
5.00%
Monthly
You can get money sent to your account within 5 minutes from the time of registration; a registered user can even have money sent in 1 minute.
You can get money sent to your account within 5 minutes from the time of registration; a registered user can even have money sent in 1 minute.

Boodle Loan for R4,000

1 day
to 42 days
R100
to R4,000
5.00%
Monthly
We want to make applying for a Boodle loan as fuss-free and fast as we possibly can. So to help us get your Boodle loan in the bank quickly, simply follow our step-by-step process.
We want to make applying for a Boodle loan as fuss-free and fast as we possibly can. So to help us get your Boodle loan in the bank quickly, simply follow our step-by-step process.

GetBucks Loans for R4000

1 month
to 6 month
R1,000
to R8,000
Unknown
Monthly
GetBucks helps you to manage your credit profile and your budget while offering personalised credit based on positive payment behaviour, which allows for better repayment terms.
GetBucks helps you to manage your credit profile and your budget while offering personalised credit based on positive payment behaviour, which allows for better repayment terms.

Fasta Loans for R4000

1 month
to 3 months
R500
to R8,000
5.00%
Monthly
Apply online and get approval in minutes! Use the cash for whatever you need. Repay in up to 3 instalments.
Apply online and get approval in minutes! Use the cash for whatever you need. Repay in up to 3 instalments.

Finance27 Loans for R4000

7 days
to 50 days
R500
to R4,700
5.00%
Monthly
Borrow from as little as R500 right up to R4000 and receive your loan instantly. From Cape Town to Kathu Fasta offer secure cash advances to help you achieve the financial freedom you need.
Borrow from as little as R500 right up to R4000 and receive your loan instantly. From Cape Town to Kathu Fasta offer secure cash advances to help you achieve the financial freedom you need.

Southern Finance Loans for R4000

7 days
to 50 days
R100
to R4,700
5.00%
Monthly
Southern Finance offer quick and convenient solutions for any short-term financial issues you may have; from paying unexpected bills to home repairs, and any other emergencies that crop up in everyday life. You can borrow up to R4000 or as little as R500.
Southern Finance offer quick and convenient solutions for any short-term financial issues you may have; from paying unexpected bills to home repairs, and any other emergencies that crop up in everyday life. You can borrow up to R4000 or as little as R500.
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Minimum and maximum loan periods vary between 1 months and 6 months. Percentage Rates vary between 5% per month and 38% p.a. Total interest and fee repayments vary over the life of the loan. All rates quoted are 30 days. For more information regarding fees, visit or contact the provider.

Loans for Blacklisted People

What does it mean to be Blacklisted?

When you are blacklisted, it simply means that financial organizations think you’re a risk. As a result, they might deny you access to the loans you want. In South Africa, people are generally placed on a blacklist due to failure to consolidate their unpaid debts.

How to check if you are blacklisted

In South Africa, everyone is entitled to one full and free credit report once a year from any credit bureau operating locally. Apart from that, some companies can give you your account status, credit score, and a credit summary for a small fee.

What is a bad credit score?

A credit score refers to a number ranging from 300-850 that shows how good your credit rating is. It depends on positive or negative information found in your credit report. This information includes the following:

  • amount of money that you owe;
  • payment history;
  • activity on a bank account;
  • the age of your accounts; and
  • credit checks that have been carried out on you

Ultimately, your credit score simply shows all your good and bad financial behaviour. If you want to improve your credit score, read these 13 tips on how to increase your credit score quickly.

How does being blacklisted affect you

Being blacklisted can stop you from getting a loan to buy valuable assets like motor vehicles or property. Yet, being blacklisted is nothing to be ashamed of. A lot of professionals have found themselves on a credit blacklist at one point or the other.

Am I going to be blacklisted forever?

The answer to this question depends on whether you are taking steps to repair your credit history or not. This is what determines how long you will stay blacklisted. Your chances are greatly improved if you show proof of debt consolidation.

Fix your bad credit history

The good news is that it is quite easy to fix your credit rating, and this will help you to attain debt consolidation. Once that is done your name can be removed from the credit blacklist. Debt consolidation and credit repair can get you right back on track.

Which type of loans can I get if I am blacklisted?

  • Payday loans

Some private lenders offer short term payday loans for blacklisted people. These are a type of unsecured personal loan, but they often come with difficult conditions and higher interest rates. It becomes quite difficult to borrow a large loan amount because paying back the interest plus the loan amount can become too expensive.

  • Secured loans

These are the easiest loans for blacklisted people. With this type of loan, the lender accepts an asset that you own as collateral or security that you will give back the loan. You can get this loan against your car, property and more. However, you risk losing your property if you don’t pay back the loan amount.

Bottom line

Loans for blacklisted people are available if you find yourself in a tight financial situation. Even so, it is always better to actively pay back your debts so you can get your name removed from the blacklist.

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