Apply for a quick and easy personal loan today by completing our online application form .If you are blacklisted and have been trying to get a personal loan this can be quite a daunting task as all banks will reject your application due to your bad credit and this will prevent you from getting a unsecured loan with them . We at SA Loan Service's understand that sometimes unexpected thing's happen in life and as a result one gets a bad credit record due to this . We at SA Loan Service's have specially designed product's to assist ITC listed clients in getting a personal loan today even if you have a judgment or default . If you reside in South Africa and you are permanently employed then you can apply for a online personal loan today . By applying with us we aim to give you the best service possible . While we are not able to help every single client as they are a lot of legal jargon involved we at the SA Loan Services have 8 years of experience and know all the legal requirements to get that much needed help ! . We try our best and are willing to go to the Extra mile to assist our customers in any way we can . We try to bring you the best and most easy way to apply for loan taking out the hassle of filling countless forms . When you apply for a bad credit personal loan in South Africa all you need to do if complete a quick and easy online application form .
What is an unsecured loan?
When an unsecured loan, is taken out this means that the loan you are getting does not hold any of your assets as security . The interest rate and the monthly payments are fixed over the term of the loan which can be from 1 month up to 84 months depending on the company you are borrowing from .
The fixed payments Can Work in your Favor as you can work an exact Budget . always read the small print carefully and make sure you ask all the questions that concern you .
Interest rates on unsecured loans can be from 14% up to 32.5% as allowed by NCR regulations , the rate of interest you get is determined by your individual risk profile and if you have a poor credit record you can still obtain a loan but in most cases it is at the highest interest rate allowed . The reason these companies charge a high rate is because as a client with bad credit you are considered high risk and to offset this risk the lenders charge you a higher rate , but it pays to shop around for the best deal before signing anything . The amount you want to borrow could also affect to repayment so its always best to only take the amount you need .
Is an unsecured loan right for me?
If the Money you want is for a holiday or a new car or anything that is not a fixed asset(such as a house) . Do not take out a personal loan unless you can afford the monthly repayments. A personal loan is basically a unsecured loan . The various terms used mean the same thing . The there different types of loans that actually are different are home loans ,vehicle finance , asset based finance(secure loans ) . These types of loans have a totally different set of rules .
In what cases can I NOT apply for a loan ?
You cannot apply or qualify for a loan if you are under debt review , Admin order , Sequestration .
We all need extra money from time to time, but debts can quickly spiral out of control that's why it is so important to make sure that you are signing up the deal that suites your personal needs .
We try our best and are willing to go to the Extra mile to assist our customers in any way we can . We try to bring you the best and most easy way to apply for loan taking out the hassle of filling countless forms . When you apply for a bad credit personal loan in South Africa all you need to do is complete a quick and easy online application form .
Unauthorized copying of any part of this site will result in legal action
All rights reserved © Copyright 2009-2014 SA Loan Services