For people with bad credit, can they possibly qualify for PEP loans for blacklisted people?
Let us take a look in this post, how to qualify people loans, what is required, who can apply and what might make your loan application unsuccessful.
PEP loans are one of the best short-term loans offered by Capfin, probably one of the easiest type of loans that you apply for.
"Capfin SA (Pty) Ltd is a registered credit provider, NCRCP11812. Your loan application is subject to an affordability assessment and Capfin's Credit Policy. "
You can apply for a personal loan from as little as R1000.00
Personal Loan Requirements
| Valid SA I.D. |
| 3 latest bank statements or Your 3 latest payslips |
| Valid Bank Account |
| Valid Cellphone Number |
Personal Loans Repaymets Structure
Below is a typical structure of your loan repayment, of course this is going to differ depending on the loan amount you take out.
Let’s take a R4 000.00 loan amount for argument’s sake, you maximum interest rate will be 5% with initiation fee of R535.00 and we looking at loan repayment of about R5 984.00
| Repayment Term | 6 Months | 12 Months |
| Loan Amount | R4 000.00 | R4 000.00 |
| Maximum Interest Rate | 5% pm | 24.75% pa |
| Initiation Fee | R535.00 | R535.00 |
| Maximum Monthly Service Fee | R69.00 | R69.00 |
| Maximum Monthly Instalment | R959.00 | R499.00 |
| Maximum Loan Repayment | R5 756.00 | R5 984.00 |
PEP Loans for Blacklisted and Unemployed
As we all know, one of the worst things that can happen to your credit profile and finding that you have been blacklisted by one of the creditors you took a loan with or bought something on credit.
We know that it can be very difficult for those people looking for PEP loans for blacklisted no credit checks.
Many lenders in South Africa will not help people with bad credit and people who are under administration.
Also, if you have bad credit history or have low credit score, you most likely not to qualify for personal loans with many lender or one of our local banks.
PEP loans for blacklisted by far will not be possible since they do background credit checks and support responsible lending.
If you have bad credit history or low credit score your PEP loans review will definitely not be successful.
PEP loans Contact Details
| USSD | *120*5566# |
| Website | www.capfin.co.za |
| info@capfin.co.za | |
| Terms & Conditions | View Terms & Conditions |
