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Bad Credit Loans has a panel of premium partners who each apply their own criteria to assess the loan application. The interest rates charged on their loans range from a minimum of 22.3% to a maximum of 28%, with payment terms between 7- 72 months.
Below is an Example (excluding credit life insurance) of a R50 000 loan over 60 month period.

Maximum Interest Rate Minimum Interest Rate
Interest Rate 28% 22.3%
Loan Value R50 000 R50 000
Term 60 months 60 months
APR 31.5% 25.8%
Total Amount Less Capital R49 747 R39 469
Total Amount R99 748 R89 469
Monthly Instalment R1 662 R1 491

Bad Credit Loans is a South African brokerage that allows applicants to apply for personal loans of up to R150 000

Bad Credit Loans

Managing their budget and staying afloat is becoming increasingly difficult for many people. They start to use credit for their day-to-day expenses and pretty soon they are paying off debt with debt. It becomes a never-ending spiral from which it gets increasingly difficult to escape and more often than not it ends in a bad credit record.

Loans for people with a bad credit record

Financial institutions will not grant you a loan when your credit record is compromised, but it is still possible to obtain a bad credit loan with our help despite your record.
Our dedication to provide clients with a bad credit loan is backed by our easy application process. Simply complete our online application form which we will then present to our nationally recognised panel of lending partners and you are on your way to obtain a loan that can ease the pressure of a looming financial crisis.

People listed on ITC.

The application process only takes a few minutes and in as little as one hour after we have received your details you can be aware of the outcome! All it requires is for you to be a South African citizen with a monthly income of R1500 or more. Don’t refrain from applying for a bad credit loan just because you are listed on ITC – you may still qualify!

We charge a once off fee of R350 followed by an affordable monthly fee of R99 per month for our Exclusive Member Benefits package.

Please visit the Member Benefits page to find out more.

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Personal loans: Money when you need it

Personal loans are helping South Africans of all backgrounds. Facing a financial struggle is really just another difficulty that you will face, but it doesn’t have to be devastating when you have made the right decision and taken out a personal loan. There are an exceptional number of reasons why you might need an extra bit of cash. From being retrenched to having an emergency that requires extra money that you don’t have, the personal loan can be used for all sorts of things.

Personal loans can make the world of difference when you are in need of a little more cash.

Living on loans is no one's aspiration but having that bit of a safety net can be very welcome when needed. Once you have learned how to loan money responsibly you will have nothing to worry about when the time comes to take out that loan. The first thing that you will need to do is know how much you can afford to pay back on your loan and then there are those other important considerations such as asking yourself if you actually need that loan for a necessary expense or if you can wait and save up the money. It is always sensible to give advice such as “try not to take out a loan to buy things you don’t need and rather only take out a loan when you are in a tough financial situation that requires you to apply for that loan.”

What is a personal loan?

So now you know that personal loans should only be taken when they are absolutely necessary. But what are personal loans and what are they normally used for? A personal loan is money that you loan to pay for a personal expense. The wonderful thing about personal loans is that they can be used for anything you like, from paying to have your car fixed, to buying groceries. While you can use your loan to pay for pretty much anything, it is best to only use your loans to pay for necessities. As we have said before, you don’t want to find yourself having to take out loans to cover other loan related expenses that you have.

Looking for personal loans? We have the best!

We know that fast loans are important. And we also know that online loans can be a very convenient when you need cash and have no time to wait. With us you can get your personal loans via an online application form and your money will get to you just as quickly once it has been approved. This will save you time and it will give you peace of mind about your finances. We want to help you get out of any unwanted financial situation without having to worry about creating further debt that you won’t be able to pay back. Our personal loans are also available for people who have bad credit and we welcome you to apply. Loans for people with bad credit can be difficult to come by as not all credit providers offer this type of loan. We know that people with bad credit have not necessarily landed in this situation because of their overspending. Sometimes people get a bad credit record because the credit providers have not done their checks properly. While we will do a check on your credit history, if you have bad credit we will not throw away your application based solely on that. We take a number of things into consideration before we accept or decline a loan application.

Is a personal loan what you are looking for? We have some of the best personal loans for you.

We offer personal loans, consolidation loans, payday loans and cash loans for those who need cash fast. We also make sure that you can easily apply for loans by using our online loans and with our fast loans you will have the money when you need it.   So take back your financial well-being by applying for a finance saving loan. We are waiting to assist you in getting the ideal loan for your needs. Contact us today to find out more.