ABSA LOANS FOR BLACKLISTED CLIENTS

Absa loans for blacklisted clients search continues to grow across all internet platforms and this points to something very serious going on. More and more people are becoming very much indebted and are now reliant on blacklisted loans because of their credit record.

Understand Absa Loans For Blacklisted Clients

So far Absa, like all other traditional banks in South Africa offers various financial services to the general public of South Africa. Personal loans are just one of many other financial products that Absa has been offering for sometime now. 

There surely is a reason why people are searching for Absa loans for blacklisted clients even though they are pretty much aware that major banks are hesitant to assist people with bad credit record. This is because people are now becoming aware that loans are granted after banks perform credit check which will give a certain scoring. The decisions at to whether you are approved depends on the score that you get. Before we get deep into answering the question as to whether Absa does offer blacklisted loans, let us first look at loans offered by the bank generally.

Absa Loans

Absa offers loans under three categories and these are

Absa Personal Loans

Absa Express Loans

Absa Instant Loans

Absa Personal Loan

This type allocates funds to you for an amount between R3000 and R350 000 with a repayment term ranging from 12 up to 84 months depending on the loans amount you qualify for. 

Absa Express Loans

The total amount this loan can give you is R8000 with a minimum of R1500 depending on your need analysis. The repayment period is slight different from that of FNB loans that we discussed under FNB loans for blacklisted. What is also different on this one from personal loan is that the repayment period has been capped to 6 months which makes it much shorter. The minimum loans repayment period for the express loan is 2 months only.

Absa Instant Loans

This one is really quick cash that gets granted via other platforms and can easily be accessed on ATM or on online banking facilities. The minimum amount on this one is just R250 and the max is R5000. Absa has capped the repayment period of this one to just 35 days and this is clearly because it is a very small amount of cash.

How To Apply for Absa Loans For Blacklisted?

• A valid Smart ID Card or valid South African ID document (green).
• Your age has to be 18 and above
• Be able to produce proof of your residential address. This can be your rates bill,  municipality billow your cellphone contract statement
• Produce 3 months payslips or a banking statements which must show a monthly income of R1 500
• You also need to hold a transactional account with any bank to prove that your have been earning income for at least there months

As for Absa loans for blacklisted clients, we encourage you to secure your credit report of which you get one free every year and check your scoring before you approach Absa bank.

R1000 PAYDAY LOANS SOUTH AFRICA

A payday loan of R1000 in South Africa is generally structured such that the repayment period is as follows below:

Loan Amount: R1000
Total Loan Repayment: R2360.04
Monthly Instalment: R196.67
Loan Repayment Period: 12 months

R1000 payday loan repayment breakdown for the period of 12 month in South Africa

R5000 LOANS FOR BLACKLISTED PEOPLE

R5000 Loans For Blacklisted In South Africa

A loan for R5000 may seem like a small amount of money but it is not if you are blacklisted. If you were to walk into a bank and ask for an amount as little as R5000, your bank will not hesitate to sit you down and start with your application process.

R5000 Loan If You Are Blacklisted

If your name is having a bad credit record you may struggle to get a loan of this amount from the bank. The reason behind this is that financial institutions are very reluctant to assist people who credit record is blacklisted. You may even struggle to get a loan as little as R100.

What To Do If You Are Blacklisted And Need R5000 Loan?

I really suggest that before you go out and look for such a loan, you need to first check your credit record. Many people run away from reputable financial institutions fearing that they will be turned away because they are blacklisted. You credit profile gets updated very frequently and you may find that things have changed. Your R5000 loan for blacklisted might actually get approved. This will happen if your record has been updated positively.

Here Are Steps You Need To Follow

Before you start approaching anyone institution for a R5000 loan, try to do the following things

Check your credit record
Negotiate with your current creditors
Avoid performing numerous credit checks unless if it is very necessary
Approach your bank where your salary goes into

ABSA LOANS FOR BLACKLISTED CLIENTS

As one of major banks that operate in South Africa, Absa bank loans for blacklisted clients are given upon the performance of credit check. Basically we encourage blacklisted people to apply for Absa personal loans knowing that a credit check will be performed but the outcome is different from one applicant to another. Some people do qualify for personal loans in South Africa even if they are blacklisted.

Absa Blacklisted Loans Application

All applications for loans at Absa are submitted either by going to any Absa branch, online or by dialing 0860 100 372.

Absa Bank Loans Application Process

Below are the things that you will be asked if you are submitting your loan application at Absa:

Your minimum monthly income should be R2 000 and above
You must have an existing bank account at any bank in South Africa
Be younger than 18 years of age
You must be able to produce an ID document

Absa bank will require that you bring the following things to apply:

Your recent three payslips or three months bank statement
An ID document or Smart card issued in South Africa
Proof of address where you reside. It must not be older than three months (e.g. rates bill)
Absa personal loan application directions

There are three ways you can apply for Absa bank blacklisted loans but you will just have to pick one suitable for you:

Absa branch

online

telephonically by dialing 086 010 0372

FNB LOANS FOR BLACKLISTED

Finding Fnb loans for blacklisted people is difficult task because Fnb, like all other major banks has a very low risk appetite. This does not mean you will not be assisted by fnb bank if you are blacklisted. You will have to know exactly what your are blacklisted for and know the status of your profile at the time you approach Fnb bank.

Understanding Fnb loans for blacklisted

Fnb bank, like all other banks, offer its personal loans after conducting assessment on you credit risk. This is done by looking at your credit profile. If you are blacklisted as a default they will then try to score you on that to see if you can fall within the score they can offer credit. You might have to prove that there is an arrangement existing from the previous creditor who might have blacklisted you.

Fnb Loans

Fnb loans range from R1000 up to R150 000 and can be granted on a paperless process inside the bank. Fnb loans repayment process is very flexible to allow you space to breath. Fnb offers what they call customer protection plan. This is an insurance that is designed to cover your fnb loan in the event of of death, dread disease, retrenchment, permanent and temporary disability. Customers must take our CPP or cede a suitable policy. Some student take these because they do not get bursaries for 2019 and they want to pay for their studies

Fnb Loan - Revolving

The Fnb Revolving Loan is a loan designed to give you access to cash you have already re-paid on the loan. Once you have re-paid 15% of the loan, you have access to these again to use as you wish. This loan has these following benefits:

• You have access to the cash you have already re-paid on the loan
• Once you have re-paid 15% of the loan you can access these funds again
• Monthly payments are made via debit order
• You only pay a minimum monthly fee of R40 when you make use of the facility
• The RL has no set term and is available to you for as long as you might need it

Fnb Loan - Temporary

The Temporary Loan is a convenient and easy to take up short term loan, which is repayable within 31 days after you take it up. It is available immediately and there are no forms to complete. Benefits of this loan are:

• There are no application forms to complete
• You can take it up at any FNB ATM, Online, through Cellphone Banking or any FNB branch
• The Temporary Loan is available immediately in your Personal Cheque Account or Smart Account
• The money will be credited to your account instantly if you qualify
• Should you repay the total loan, or outstanding balance within 31 days, you don't pay any interest

We encourage you to made sure that you know your credit profile even if you are blacklisted. Take this with you if you will be approach will be going to this bank for fnb blacklisted loans