Bad Credit Loans Guaranteed Approval South Africa

  • 2 Minute Application
  • Bad Credit Accepted
  • No Credit Check
  • Same Day Transfer

A financial bind can be with anyone and anytime, needing extra money to fill the cash shortage gap. Sometimes, your bad credit stops you from availing of financial services from banking institutions. We have a solution for bad credit loans with guaranteed approval in South Africa at MoneyStar with some trustable lenders.

You will have a safe and secure loan application with fast funding solutions in your province with lenders. These loans are the best choice for bad credit holders who need money immediately to meet their needs.

What are bad credit loans?

Bad credit loans are for those with bad credit or poor credit history. As bad as your credit score is, you will have a bad experience getting loans. But you are at the right place to get financial assistance if your FICO score is low.

Such loans are for a short period to meet your needs for paying rent, medical bills, travelling expenses, repairing cars, etc. These loans come with high-interest rates, so you must remember to pay off your loan on time.

Otherwise, extra penalties may be a burden to you for the delay. Lenders consider these loans riskers because they have nothing to possess for their loss recovery. That’s why such loans are a bit expensive compared to traditional loans.

What meant by guaranteed approval loans?

Depending on how you have maintained the relationship with your lender, you may or may not get guaranteed approval loans from lending institutions. Lending institutions indeed run a credit check on loan applications to guess the risky factors and the affordability of the loans.

Commonly, guaranteed approval loans mean that no matter how bad your financial background is, you can get instant loan approval. Some lenders accept your loan application with some essential minimum lending criteria of lenders.

Can you get a bad credit loans with guaranteed approval in South Africa?

Yes, many lenders are interested in offering you bad credit loans with guaranteed approval in your province. As its name suggests, you are guaranteed loan approval, keeping your financial situation aside.

A few lenders can only help you in such situations when you need extra funds in a hurry. But your bad credit is one of the troubles stopping you from getting financial assistance to meet your short-term needs.

So applying for such funds from reputable lenders who only know about your financial struggle is always a great idea.

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Why is it usually difficult to get a loan with bad credit?

Having bad credit reveals how you deal with your finances; whether you make your payments on time is considered this. Thus, people have to face challenges in getting financial services like loans.

But you should also know that all lending institutions have different lending procedures when they check out your credit history. To many lenders, you may not be liable for what you have now because they are aware of bad financial circumstances.

That is the only reason they are willing to take you out of the financial ditch despite your FICO score not allowing them to help you further.

Some top reasons behind your loan disapproval are:

  • Late payments: Making late payments is the cause of bad credit that makes you unable to get financial services.
  • Bankruptcy: You filed for bankruptcy to avoid making loan payments and breaking the loan agreement.
  • Many complex searches: You have gone through many hard credit checks in a short-term period.
  • Defaults: Missing payments on your current loans causes defaults. It happens only when you don’t pay heed to payment for months.

What is the eligibility criteria?

Every lender has set up their lending criteria in South Africa for you to meet. Some lenders in your province still need some of the basic requirements to match the eligibility criteria for bad credit loans.

Minimum requirements:

  • Be 18 or above: Your minimum age is required to be 18, or it can go up to the maximum.
  • Address proof: Your residential address proof should be of South Africa.
  • A bank account: You are required to have a bank account for receiving funds after approval is confirmed.
  • Income: An income source is mandatory for making loan payments on time.
  • Contact number: You must provide your contact number to meet lending criteria.

Why use MoneyStar for bad credit loans in South Africa?

MoneyStar is the best place to apply for bad credit loans in your province due to the need for extra cash. Some reasons that make borrowers choose us are because we have some trustable lenders to help you financially.

Top 5 reasons that may attract you to choose MoneyStar:

  1. Easy process: You need to complete a simple and easy process to get loan approval in a few minutes only during your extreme cash shortage.
  2. Fast funding: You can get your funds to your bank account as fast as some reliable lenders confirm your loan approval.
  3. No paperwork: You are not required to spend your time doing paperwork formalities because the process is entirely online.
  4. No hidden charges: There are no charges for bad credit loans with direct lenders because you will have everything in front of your eyes.
  5. 24/7: You can apply for the funds 24/7 anytime because you may need cash anytime, and all banking institutions can’t help you then.

How much can I borrow?

Generally, bad credit loans are based on minor emergencies to hand during your fund shortage. The loan amount ranges from R100 to R5,000 to meet your needs before your payday.

These loans carry high-interest rates, so you are required to pay that back on your next payday to avoid some penalties. Yes, there are some fees and penalties that you will have to pay if your break the loan agreement.

Do you offer bad credit loans from direct lenders?

Yes, you can get bad credit loans from direct lenders at MoneyStar. However, this can be more challenging for some lenders because they check your creditworthiness to help them determine whether to offer you a loan.

That’s why every lending institution checks your credit history before they offer you any financial services. But some direct lenders treat you differently than traditional lenders, no matter how bad your FICO score is.

How to apply for a bad credit loan online with MoneyStar?

With your poor credit, you don’t get loan approval very quickly. But you can apply for bad credit loans online with some online lenders at MoneyStar and get instant approval in 5 to 10 minutes.

The application process is easy to complete in a few steps without moving anywhere.

Our three simple steps application:

  1. Fill out a simple application: You must complete a simple application form. You are required to mention some of your banking details for further processing.
  2. Instant decision: Your details are verified in less time, so you must maintain your patience. Once approved, you will have the loan contract to sign and send back to your lender for fund release.
  3. Receive money: You can receive your money in less time after completing the process successfully. Pay off your loan on time to avoid paying extra charges.

Bad Credit Loans Guaranteed Approval South Africa- Some FAQ’s.

Can I get a bad credit loan with no credit check?

Yes, you can apply for bad credit loans without a credit check and get funded, but you must find some lenders who don’t check credit. Many lenders are willing to help you with such loans with instant approval and no hassle of credit checks.

How long does it take to get approved for a bad credit loan?

Getting approval for bad credit loans doesn’t take much time like traditional loans. You can get approval for the funds in a few minutes only. You will have the funds in your bank account the same day, regardless of your FICO score.

Can I use a bad credit loan to consolidate my debts?

Bad credit loans are unsecured loans. So you can apply for such online funds to accumulate all pending debts into one and pay them with one single payment. You will now have no unpaid debts, boosting your credit score.

Can I improve my credit score with a bad credit loan?

Your consistent payment-making habits can improve your credit score for any loan. You can boost your FICO score by making payments on time regarding bad credit loans. That’s not enough; even you will not have difficulties getting financial services from any banking institution.

What happens if I default on a bad credit loan?

Defaulting on a loan is not considered good because you will have to face some calls and text messages from debt collection agencies. Many banking institutions send your account to them for their loss recovery.

Using the MoneyStar, you may get from R100 to R35,000 in just 5 minutes.

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Applying won’t affect your credit score

Micah Sedres

MoneyStar expert Micah strives to navigate finance niches like credit cards, loans, and mortgages easily. She helps hundreds of readers in credit building and provides money management tips. After regularly working for brands like, she joined the team as a staff writer to develop credit product reviews and comprehensive guides mainly focused on credit scores and loan/card offers.