Capitec Loans for Blacklisted
If I have bad credit, can I apply for Capitec loans for blacklisted in South Africa?
Having bad credit is one of popular obstacles that will deny you getting access to the finance in advance that you need.
Capitec Bank is one of the largest fast growing financial institutions that specializes in wide range of financial products that includes personal loans.
Since their inception, many people have been using the bank for their great wide ranges of services that includes great interest rates when it comes to personal loans.
However, there are people who find themselves in a situation where they are blacklisted and would like to borrow money from Capitec Bank.
What is Blacklisting?
Blacklisting simply means that your name has been flagged by the credit bureau for credit providers that you are a bad borrower.
Once your name has been flagged, you will have difficulties applying for personal loans with many lenders.
Many lenders in South Africa including banks rely on your credit status to approve you loan application, this is the first thing they look at.
If you have bad credit history, not only will you struggle to apply for personal loans but you will also struggle to get a bond, vehicle finance, rent a flat and including getting a simple cellphone contract.
Credit profile is one of the most important financial aspects of every individual that need to be kept healthy at all times.
If you have good credit, you will have access to every financial assistance that you need, including getting a bond.
In this post however, we want to advice those who have bad credit and looking for Capitec loans for blacklisted that, even if you have been flagged by the credit bureau, you can still borrow money.
There are many lenders in South Africa that are willing to help those who have blacklisted and have bad credit with personal loans.
However, most of these lenders will offer you bad credit loan with strict terms that includes among others, high interest rates.
Because these lenders understand that you might have been blacklisted previously but now can afford to payback your creditors, they will only require sort proof of income to borrow you money.
Bad Credit Lenders
If you were looking for Capitec loans for blacklisted, your application might be declined due to your credit profile status, however, you can still use one of the below lenders that are willing to help those who are blacklisted with loans.
| Provider | Borrowings |
|---|---|
| EZI Finance | R8 000 |
| Mulah | R4 000 |
| Blink Finance | R4 000 |
| Hoopla | R250 000 |
| Binixo | R9 000 |
| uBank | R8 000 |
| iThemba | R8 000 |
| Kamela Quick Cash | R5 000 |
Capitec Personal Loans
For those who have good credit score, you can apply for personalized loans of up to R250 000 with Capitec Bank.
Why choose their personal loan product?
- Get up to R250 000 over 84 months
- Pay fixed monthly repayments
- Get interest rates from 12.75%
- Choose what works for you – the amount you want, the lowest monthly instalment or the lowest interest rate
- Credit is approved in minutes and the money is available immediately
- Consolidate all your existing loans for easier monthly repayments
- Add affordable credit insurance, including retrenchment and death cover
- Manage your credit using our app
Loan Application Documents Required
To ensure that you are ready to apply, you need the following documentation.
- First and foremost, you need to be over 18 years of age
- Have latest salary payslip and
- Three (3) consecutive salary deposits respectively.
How to Apply
- Online or on their Capitec App
- Call them on 0860 66 77 89
- Visit a branch
