Being blacklisted can be frustrating and challenging. Once your credit record is ruined it can also take a long time to get it repaired. For most blacklisted people, getting access to finance can be a nightmare. Traditional lending institutions like banks won’t even consider their loan applications. Fortunately, the changing financial landscape in South Africa has made it possible for individuals to gain access to credit despite their impaired credit records.
Micro lending institutions like Maravedi often provide convenient financial solutions for individuals facing such dilemmas.
Why choose Maravedi?
Maravedi assists blacklisted individuals to get finance when they need it most. With this institution, how much you qualify for depends on your income and your credit history.
Loans are offered at competitive rates, with the lowest interest rates. Interest rates are also fixed, so you have the peace of mind knowing that your monthly repayments aren’t affected by interest fluctuations. This makes budgeting a breeze.
Applying for a loan is simple and completely hassle-free. All you have to do is apply online by completing an online application form. This way, you can save considerable amount of time and money. You can avoid having to travel to branches to apply as well as having to wait in long queues. There is no need to spend hours on the phone or to sit through tedious face-to-face interviews with multiple consultants.
You can get a loan from R1000 to as much as R25 000, which you can use however you please.
The flexible repayment period of 24 months gives you a reasonable amount of time to repay the loan, without putting too much pressure on your pocket.
What are the qualifying criteria?
- Be at least 18 years old
- Be permanently working
- Have an active bank account
- Have a valid South African ID
- Earn at least R2500 per month
To contact Maravedi, call: 0860 222 765