Personal Loans For Bad Credit South Africa

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

Don’t let your bad credit score keep you from getting extra funds because you have the solution now. Yes, with guaranteed approval, you can apply for personal loans for bad credit in South Africa at MoneyStar from some specialized lenders in your province.

Our lenders treat you differently because they differ from banking institutions or conventional lenders. Your bad credit score doesn’t matter much as much, as your current financial condition is getting worse for improvement.

Can I get personal loans for bad credit in South Africa?

Your bad credit is not a primary concern in getting financial services like personal loans for bad credit during emergencies. Almost all lending institutions don’t usually take an interest in working on your loan application due to a low score.

But here is the good news—some direct lenders are willing to work on your loan application despite your bad credit score. They don’t blame you for having a bad credit score because this is a common problem for borrowers.

If you pay off your loan after using it to eliminate emergencies, your pocket gets hurt due to steep interest charges.

What are personal loans for bad credit?

Personal loans for bad credit are a quick solution for borrowers looking for urgent cash in South Africa with a bad credit score. These funds can cover specific emergencies, including paying rent, medical bills, education costs, debt consolidation, home renovation, etc.

Such urgent loans are the perfect solution for borrowers who usually face a cash shortage to meet their short-term needs. These loans are available for up to 2 weeks and then paid back with high-interest rates without defaulting on loan payments.

The overall process is straightforward, easy, and convenient for borrowers to get guaranteed approval in South Africa because our lenders are different from traditional lenders.

How to apply for instant approval bad credit loans?

You can apply for instant approval for bad credit loans in the four easiest ways at MoneyStar from the most reliable lenders.

Get instant approval by following just 4-simple steps: 

  • Fill out a simple online application: You must complete a simple online application form with some necessary personal details and income proof. All information should be authentic during the process.
  • A little time for verification: You must be patient until you’re verified for such a loan. The confirmation will reach your email ID either positively or negatively.
  • Sing a loan agreement: You need to sign a loan agreement that you will receive on your mail ID. However, you need to read the terms and conditions of the loan contract before signing digitally.
  • Get funded: You can get funded in your bank account the same day once you’re approved in South Africa.

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What are the requirements for urgent personal loans with no credit check?

You must meet some standard requirements for urgent personal loans with no credit check required in your province.

Check out the requirement types before applying:

  • Age proof: Your minimum age is required to be 18 by our reputable lenders to qualify for such funds, so make sure you match this criterion.
  • Any income: Any income source is mandatory for making loan repayments on time, so you must also take care of this requirement.
  • A bank account: You need a bank account to collect these loans because our lenders make online transactions for safety reasons.
  • A citizenship of South Africa: Your citizenship of South Africa should belong to South Africa for this requirement.
  • Contact details: Your valid e-mail ID, contact number, and permanent address proof are mandatory for contact details.

What are the benefits of taking out personal loans with guaranteed approval?

Some benefits exist to taking out personal loans with guaranteed approval in South Africa. You should check out such advantages before applying for these guaranteed approval loans.

The top 5 benefits are:

  • Instant Accessibility: You can easily access personal loans because the online process makes borrowers comfortable.
  • Fast approval: You can get fast approval for such funds in minutes with a notification on your email ID.
  • Bad credit acceptable: Borrowers with bad credit also use online funds from our direct lenders.
  • No hidden costs: There are no hidden costs which you may have to pay in the beginning. You will only have to pay high-interest rates during loan repayment.
  • No paperwork: The best thing is you don’t need to face any paperwork formality when applying for such funds, except by completing a small online application.

Are there types of personal loans with extremely bad credit?

Yes, some alternatives to personal loans with extremely bad credit can also be considered during a money shortage.

Types of personal loans: 

  • Payday loans: You can consider applying for payday loans during emergencies because they can be availed quickly with no hassle of banking formality.
  • Short-term loans: Short-term loans are also among the types that can help you quickly eliminate your money problem with some high-interest rates.
  • Cash advance loans: Cash advance loans are also one of the best alternative options for switching to get some financial relief. They also come with high-interest rates to be paid on time to avoid additional charges.
  • Car title loans: Car title loans can be the option for being very risky because if you use any of your vehicles as collateral, then you are funded. If you don’t repay your loan on time, you may lose your vehicle.

Personal Loans For Bad Credit South Africa- Some FAQ’s.

Can I get personal loans if I have no income?

Yes, you can get a personal loan even if you have a low income, which should be sufficient to pay off your loan amount.

How much loan amount can I get from personal loans?

The loan amount varies from lender to lender depending upon their company policies while applying for personal loans. Despite that, some financial experts offer you an amount ranging from R100 to R5000.

Is there is risk if I apply for bad credit loans?

Yes, you must pay high-interest rates while paying off your loan. If you default on loan payments, some additional fees can also be there to pay, lowering your credit score.

Do loans come with some disadvantages in South Africa?

Every loan has advantages and disadvantages, so you must pay high-interest rates. And debt cycle can catch you if you default on your loan payment. You also have a small duration for money use.

Is it a good idea to apply for a loan from direct lenders?

Yes, some direct lenders are the most trustable lenders in South Africa who offer you funds at reasonable charges and you can experience the convenience with them.

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.