Are there bank loans for people with bad credit in South Africa?
The answer to the question “Are there bank loans for people with bad credit in South Africa?” is both yes and no. Consumers with a poor credit record who apply for a loan with any large financial institution of traditional lender are likely to be turned down, as these lenders consider the consumer’s credit score first and foremost. However, there are lenders who specialize in granting loans specifically for those consumers with a poor credit history. Our minimum requirements are that you are over 18 and employed, and our application can be filled out online in just a few minutes.