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.

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Improve your credit score and get your R4000 loan with CreditGenie

1 month
to 5 years
R1,500
to R150,000
n/a
Yearly
Credit Repair: R117 Inclusive of fees
Do you need to improve your credit score in order to get a loan? CreditGenie may be able to assist. They can provide you with your credit score, assist in repairing your credit score (for R395 Once-off or R117 per month) and match you with the right loan using their complimentary Loan Assist service.
Do you need to improve your credit score in order to get a loan? CreditGenie may be able to assist. They can provide you with your credit score, assist in repairing your credit score (for R395 Once-off or R117 per month) and match you with the right loan using their complimentary Loan Assist service.

FinChoice MobiMoney for R4000

1 month
to 3 months
R100
to R6,000
Unknown
Monthly
R1,682 p/m over 3 mths Inclusive of fees
MobiMoney gives you access to up to R6,000 - when you need it. It's FREE to activate. Only pay for what you use. Same-day withdrawals of between R100 and R6,000. Repay over 1, 2 or 3 months. To qualify, all you need is an SA ID, SA Bank Account, be permanently employed earning more than R7000 monthly.
MobiMoney gives you access to up to R6,000 - when you need it. It's FREE to activate. Only pay for what you use. Same-day withdrawals of between R100 and R6,000. Repay over 1, 2 or 3 months. To qualify, all you need is an SA ID, SA Bank Account, be permanently employed earning more than R7000 monthly.

Fasta Loans for R4000

1 month
to 3 months
R500
to R8,000
5.00%
Monthly
FASTA Cash, right into your bank account. Apply online and get approval in minutes! Use the cash for whatever you need. Repay in up to 3 instalments. Fasta is not a payday lender, but a revolutionary South African Fintech, offering you a new payment method for online and in-store purchases. Through innovative technology, FASTA provides you with access to credit in minutes.
FASTA Cash, right into your bank account. Apply online and get approval in minutes! Use the cash for whatever you need. Repay in up to 3 instalments. Fasta is not a payday lender, but a revolutionary South African Fintech, offering you a new payment method for online and in-store purchases. Through innovative technology, FASTA provides you with access to credit in minutes.

Improve your credit score and get your R4000 loan with CreditGenie

1 month
to 5 years
R1,500
to R150,000
n/a
Yearly
Credit Repair: R117 Inclusive of fees
Do you need to improve your credit score in order to get a loan? CreditGenie may be able to assist. They can provide you with your credit score, assist in repairing your credit score (for R395 Once-off or R117 per month) and match you with the right loan using their complimentary Loan Assist service.
Do you need to improve your credit score in order to get a loan? CreditGenie may be able to assist. They can provide you with your credit score, assist in repairing your credit score (for R395 Once-off or R117 per month) and match you with the right loan using their complimentary Loan Assist service.

FinChoice MobiMoney for R4000

1 month
to 3 months
R100
to R6,000
Unknown
Monthly
R1,682 p/m over 3 mths Inclusive of fees
MobiMoney gives you access to up to R6,000 - when you need it. It's FREE to activate. Only pay for what you use. Same-day withdrawals of between R100 and R6,000. Repay over 1, 2 or 3 months. To qualify, all you need is an SA ID, SA Bank Account, be permanently employed earning more than R7000 monthly.
MobiMoney gives you access to up to R6,000 - when you need it. It's FREE to activate. Only pay for what you use. Same-day withdrawals of between R100 and R6,000. Repay over 1, 2 or 3 months. To qualify, all you need is an SA ID, SA Bank Account, be permanently employed earning more than R7000 monthly.

Lime24 Loans for R4000

5 days
to 36 days
R300
to R5,400
5.00%
Monthly
Have a job? Need cash fast? With Lime24's advanced technology in place, the loan is fast and approved in just 5 minutes. What you need to apply: Be 18+, access to your bank account, 3 months of bank statements and offical RSA ID.
Have a job? Need cash fast? With Lime24's advanced technology in place, the loan is fast and approved in just 5 minutes. What you need to apply: Be 18+, access to your bank account, 3 months of bank statements and offical RSA ID.

Fasta Loans for R4000

1 month
to 3 months
R500
to R8,000
5.00%
Monthly
FASTA Cash, right into your bank account. Apply online and get approval in minutes! Use the cash for whatever you need. Repay in up to 3 instalments. Fasta is not a payday lender, but a revolutionary South African Fintech, offering you a new payment method for online and in-store purchases. Through innovative technology, FASTA provides you with access to credit in minutes.
FASTA Cash, right into your bank account. Apply online and get approval in minutes! Use the cash for whatever you need. Repay in up to 3 instalments. Fasta is not a payday lender, but a revolutionary South African Fintech, offering you a new payment method for online and in-store purchases. Through innovative technology, FASTA provides you with access to credit in minutes.

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.
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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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