Loans for Bad Credit

Get approved, even with a poor credit history

• Fast Approval
• Flexible Terms
• 100% Online Process

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Representative example: Estimated repayments of a loan of r30,000 over 36 months at a maximum interest rate of 29.25% apr would be r1,381 per month including fees. Repayment terms can range from 2 – 72 months. Myloan is an online loan broker and not a lender. Our service is free, and we only work with NCR-licensed lenders in South Africa. Interest rates charged by lenders can start as low as 19.25% apr, including an initiation and service fee determined by the lender. The interest rate offered depends on the applicant’s credit score and other factors at the lender’s discretion.

Loans for Bad Credit – Quick and Easy Solutions

If you have a low credit score, finding a loan can be challenging. at YourLoan24 we have loans specifically designed to help individuals with less-than-perfect credit histories. Whether you’re facing urgent financial needs or looking for a loan with flexible repayment options, these loans are tailored to offer quick solutions, often with more lenient approval requirements than traditional loans. Loan amounts typically range from R500 to R350,000, providing options for both small and large financial needs.

Benefits of loans for bad credit score

• Bad credit options: Some lenders offer loans without the need for a extensive credit check.
• Fast approval and payout: Receive your funds quickly, often within the same day.
• Manageable terms: These loans often come with flexible repayment periods, helping you to meet your financial obligations.

How Do Loans for Bad Credit Work?

Applying for for the loan at is simple and straightforward. These loans are designed to provide fast access to urgent cash for individuals who might otherwise be turned down by traditional lenders. With less stringent credit score requirements, you can still qualify even if you’ve faced financial difficulties in the past.

Key features

• Borrow R500 to R350,000
• Repay over 2 to 72 months
• Same-day funds available
• Bad or poor credit rating welcome
• 100% online application

How to Apply for a Loan for Bad Credit with YourLoan24:

1. Enter loan details

Set desired loan amount and duration.

2. Compare your options

Choose the loan option that suits you best.

3. Apply online

Apply on the lender’s website, without obligation.

Why You Can Trust YourLoan24

Verified Providers Only

We partner exclusively with selected and verified NCR-licensed lenders to ensure fair loan conditions and trustworthy service.

Free & Transparent Service

Our comparison service is completely free to use and does not affect the prices of the loan options you see.

Quick & Secure Application

Get a quick overview of suitable loans and apply securely online, ensuring your personal information is protected.

Eligibility Criteria

To apply for a loan for bad credit, you must meet the basic requirements set by the lender. These are typically less strict than traditional loans, making them more accessible for people with poor credit scores.

• Minimum age: 18 years old or older.
• Steady income: Ideally R4,000 or more per month
• Bank account: A valid bank account is required for receiving funds
• South African residency: SA Citizen or Resident with ID

Loan Example for Bad Credit

Here’s a typical example of a loan for bad credit. It includes details on loan amount, repayment period, interest rates, and total cost. This helps you understand what to expect and ensures you’re prepared for the repayment process. The process is simple, and you can compare easy online loans to find the best option for your financial situation.

Urgent Loans for Bad Credit

Sometimes, financial emergencies don’t wait, and you might need a urgent loan, even though your might have bad credit history. These easy loans for bad credit provide you with quick access to funds, whether it’s a medical bill or urgent home repairs. The loans can be approved and deposited into your account within hours.

Benefits of Urgent Loans:

• Same-day approval: Get approved and receive funds within hours.
• No extensive credit checks: These same day loans are perfect for emergencies, allowing you to get the funds you need without waiting days for approval.
• Cover urgent expenses: Perfect for emergencies or unforeseen financial issues.

6 Months Loans for Bad Credit

If you’re looking for a short-term loan with manageable repayment terms, quick online loans with flexible options could be the right choice for you. These loans spread your payments over six months, helping you to manage your monthly budget without overextending your finances.

Advantages of 6 Months Loans:

• Manageable monthly payments: Spread the cost over six months to ease the loan repayments.
• Ideal for smaller amounts: Borrow just what you need, and repay over a comfortable timeframe.
• Suitable for bad credit: Designed specifically for those with a low credit score.

Loans for Bad Credit South Africa

In South Africa, YourLoan24 provide a lifeline for many individuals facing financial difficulties. The loans on this page are specifically tailored to meet the needs of South Africans who have struggled with their credit in the past, offering solutions that are both accessible and affordable. They are customized for your local area to be able to provide the lowest cost possible, so if you are looking for loans for bad credit cape town, you will get offered the ideal for you.

Why Choose Loans for Bad Credit South Africa?

• Designed for low credit scores: Lenders understand your situation and provide fair loan options, when you are look for low credit score personal loans.
• Local lenders: Work with lenders who understand the financial climate in South Africa.
• Flexible terms: Choose repayment periods that work for you.

Things to Be Aware Of Before Applying for a Loan for Bad Credit

Before applying for a loan, it’s important to consider all the factors involved. Although loans for bad credit are accessible, they often come with higher interest rates and shorter repayment periods. Understanding the terms can help you make an informed decision.

Key Considerations:

• Interest rates: Loans for bad credit can have higher interest rates due to the increased risk for lenders.
• Repayment period: Make sure the repayment terms fit within your budget to avoid defaulting on the loan.
• Additional fees: Some lenders may charge origination fees or early repayment penalties. Always read the fine print.

Do you already have one or more loans?

Replacing your current loan with a new one often results in a lower interest rate / expenses and thus saves you money

Consolidate loans