Short Term Loans For Bad Credit

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Whilst most personal loan providers or conventional lending institutions will not consider applications from individuals with bad credit rating or blacklisted status, you can still get a short term loan online even with bad credit. It is obviously not as easy, and you might have to apply to a few lenders before getting approved, but chances are that eventually someone will be willing to take on the extra level of risk!

Instant Short Term Loans

NEW MPOWA Finance
MPOWA is the newest short term online loans provider! Get same day loans of up to R 2500!

  • R2,500 for new customers
  • Succesful applications received before 3pm will have cash by 5pm the same day!
  • Instant decision 24/7 & NO paperwork
  • Also available on mobile
#1 – HopOn Loans
HopOn Loans offer tailor-made loans from R 5250 to R20 000! HopOn Loans is committed to creating the loan that best suits your needs and you control how much to borrow, and how much you can afford to repay each month.

  • tailor-made loans from R 5 250 to R20 000
  • Offering loans since 2004
  • Previously known as “Izwe Loans”
#2 – Boodle
Boodle is the short term loan provider with some real South African flavour! Quick loans of up to R 8000 with 41 days to repay!

  • R2,500 for new customers, and up to R8,000 for existing customers
  • Instant decision 24/7 & NO paperwork
  • Up to 41 days repayment period
  • Also available on mobile
#4 – LoandfinderSA
LoanFinder SA provides online loans to many South Africans – even those who may have a poor credit rating, defaults or garnishee orders that can result from divorce, illness or death!

  • tailor-made loans up to R 150 000
  • Serves more than 500 000 applications per year
  • Quick & easy online application
SAPersonalloans.co.za
SAPersoanlloans.co.za is a great solution if you’re unsure of which loan provider to go with – they will match your requirements directly with the best loan option for you!

  • OVER 234 000 applicants helped
  • NO Application Fees Charged
  • Quick and Easy Approvals
  • Loans up to R15 000

How To Apply For A Short Term Loan With Bad Credit
If you have a bad credit rating, the first thing you should ask yourself is whether you can actually afford to repay another loan! Whilst in some instances, a credit score can be tarnished by a long-forgotten retail account, in many cases it should serve as a warning that you are over-spending and need to urgently review your credit and debt levels.

However, if you’re confident that you can repay a small short term loan, or need emergency cash, then you should use a service such as getloansonline.co.za.

getloansonline.co.za is not a short term loan provider themselves, but rather a loan broker who will check your details against their extensive list of potential lenders to find you a match based on your individual requirements. This is why you have a larger chance of getting approved even with a bad credit rating – and by applying only once, you save yourself time and hassle by applying to each short term lender individually!

Whilst you can apply for up to R15 000, you might have a better chance of being approved with a bad credit rating for short term loans of lower amounts. Also, make sure you evaluate the interest rate of the short term loan to make sure that you’re not overpaying based on your credit score – there will be a premium, but it still should be in line with what the South AFrican regulations allow.

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