Why a bank loan gets rejected in South Africa
Getting a bank loan these days can be more difficult than you think. Even those who have a longstanding relationship with the same bank may have problems being approved. This can be for any number of reasons, as different banks have different criteria for approving applications. There are some definite disqualifiers that will affect your chances though, such as a poor track record of credit card or loan repayments, too many existing loans, or an insufficient salary to cover your loan. If you’re having trouble getting approval, apply with us for more relaxed lending criteria and a loan that gets approved fast.