How to Apply for Capitec Blacklisted Loans

If I have been added to a blacklist by credit bureau, can I apply for Capitec loans for blacklisted people and bad credit?

In South Africa, we know that people who have been flagged by the credit bureau may struggle to borrow money with many lenders.

This flag can also have a bad impact to you when you try to apply for bonds, by a car through finance and apply for cell phone contracts.

The purpose of this post is to help those who have been declined by other lenders and major banks with an alternative to borrow money.

Most people who have been placed under blacklist tend to believe that they will never get help and resort to Mashonisa the well-known loan shark.

If you are looking for Capitec loans for blacklisted because your application has been rejected, note that you can still qualify with bad credit lenders.

About Capitec Credit

You can choose personalized credit solutions with Capitec Bank that suites your needs, whether you are looking to apply for a credit card, home loan and personal loans

If you have a good credit health, Capitec bank offers personal loans of up to R250 000 which you can apply for online.

Here are the reasons why you should choose this bank when you want to borrow money:

• Applicant can borrow up to R250 000 over 84 months.
• Decide on what amount you can afford, dictate your own monthly repayments or choose lowest interest rate.
• If you qualify, applicants will be approved in minutes and money will be available immediately.
• The best part is, their monthly repayments are fixed.
• The interest rates range from 12.75%
• To make your finances a breeze, simply consolidate all your existing loans and pay one affordable instalment.
• Get option to add affordable credit insurance, including death cover and retrenchment.

Application Requirements

The following is required documentation that you will need to qualify for Capitec personal loans.

• Original identity document (you need to be 18 years and above).
• Latest payslip of your salary.
• Banks statement with latest 3 consecutive salary deposits.

Loan Approval Criteria

• Good credit history.
• Your earnings and costs to determine how much you can spend.
• You get to pick the credit amount you need.
• You may either select the option that offers the best interest rate or the monthly payment schedule that best fits your cash flow.

Declined Loan Application

Are you looking for Capitec loans for blacklisted since your application has been declined by the banks and other lenders?

Well, you will be pleased to know that, even if you have been placed on a blacklist, you can still apply for blacklisted loans through bad credit lenders.

Bad credit lenders are able to offer those who have been previously declined by other lenders with loans based on their income status.

The following are basic and common requirements to apply for bad credit loans:

• Proof of income (payslip)
• 3 months bank statement

The following is a list of bad credit providers that you can apply with if you were declined for Capitec blacklisted loans.