PEP Loans for Unemployed People.
So, as we all know that PEP offer one of the best short-term loans, do they offer any PEP loans for unemployed.
This is one of the most frequently asked questions same as PEP loans for blacklisted.
Well, unfortunately, if you are don’t have any source of income you cannot qualify for PEP loans for unemployed.
The reason behind this is, Your 3 latest payslips or 3 latest bank statements is one of the pre-requisite of obtain PEP loans.
To Qualify, Below Is What Is Required.
- What You Need to Apply
- Valid SA I.D.
- Your 3 latest payslips or 3 latest bank statements
- Valid Cell phone Number
- Valid Bank Account
So, by far PEP loans are one of the best short-term loans that are easy to access and apply for in South Africa.
But, likewise with other lenders, there is a qualifying criteria when you apply for personal loans with PEP.
You need to meet the minimum requirement to qualify, same goes for people with bad credit and looking for PEP loans for blacklisted.
If you have bad credit score or history, you might not qualify for this short-term loans which are offered through Capitec.
Remember, even if you know that you can afford to pay back the loan, maybe you are earning SASSA or have a side hustle.
It is a risk that the lender will struggle to account for should you not be able to pay the personal loan back.
They also ensure their products offered, and it will be very difficult for them to recover from that drawback should you not be able or afford to pay back the money like Zuma.
For those who have all the requirement, please click here to access the PEP USSD to apply for PEP loans.
