Getting access to personal loans with a low credit score can be a daunting task. Fortunately nowadays there have been changes introduced that have made it possible to do this. In the past, getting a personal loan with a bad credit score was unlikely. With more micro lending institutions on the market, however, more loans have become available –giving borrowers more choices.
Ways to access personal loans with a low credit score:
EZI Finance provides assistance for urgent money requirements and helps those with low credit scores. The institution will do the hard work for you and will search for the ideal lender for you.’
What are the requirements?
Be a South African citizen, aged between 18 and 63 and earning more than R3000 per month. You also need to prove that you have been employed for no less than 6 months and should have a salary paid into your bank account.
Ezi Finance has a simple online application process which gives you the convenience of being able to apply from the comfort of your home or office.
You can simply visit www.ezifinance.co.za to apply. This eliminates the need for an endless application process with numerous meetings with multiple consultants.
If you’re looking for simple ways to access personal loans with a low credit score, Global Finance may offer the ideal solution. Offering up to R100 000, the lender specialises in bad credit loans.
To qualify for this loan, you need to earn an income of at least R1500 per month, be permanently employed with a valid South African ID.
To apply, you must submit:
- Latest months’ payslip
- 3 months’ bank statements
- Valid copy of South African ID
To contact Global Finance, call: 022 719 1590
What other options do you have?
- Get a co-signer
- Apply to credit unions
- Use a home equity line of credit
- Get a peer-to-peer loan