Loans (SA)

8 best bad credit loan: Get the money you need today

Struggling to find a loan with bad credit? Check out our list of the 8 best loans for people with poor credit scores. We've got you covered!

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Don’t let your bad credit score stop you from getting a loan

You can get the loan you need even with a bad credit. Source: Canva.

Do you have a poor credit history and are looking for the best bad credit loan available? You’re not alone; many people struggle to find access to lending when they have a less-than-perfect score. 

However, there is good news – reputable lenders offer loans specifically designed for those with below-average credit scores. 

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To help you find the most suitable option for your circumstances, we’ve pulled together this list of 8 of the best loans available if you have bad credit. 

Read on to learn more about each one and prepare yourself with the information needed to make an informed decision about which loan can best meet your needs.

8 of the best bad credit loan companies

It can seem like an uphill battle when finding a lender willing to provide you with the financial support you need, especially if your credit is poor. 

However, while it may not be easy, there are still lenders out there who will offer bad credit loans (although, of course, at higher interest rates than those given for good credit). 

We’ve put together this guide to ensure you get the best value for money plus the most appropriate loan for your needs. Check out 8 of the best bad credit loan companies available so you can make an informed decision.

1. Hoopla Loans

Take your finances back on track. Source: Canva.

Are you looking for the best bad credit loan with long repayment terms and low-interest rates? Look no further than Hoopla Loans! With loans up to R250,000, Hoopla gives borrowers the flexibility to customize their payment plan to best suit their needs. 

The term can range from a few months up to 60 months, and the interest levied is 20%. Many customers have found Hoopla’s best bad credit loan to be a great way to start repairing their credit scores. 

So don’t hesitate to apply and take advantage of this hassle-free way of obtaining the best loan options to help rebuild your score!

2. uBank

When it comes to the best bad credit loans, uBank provides unbeatable rates and terms up to R180,000 with repayment terms of up to 72 months. 

They strive to provide competitive interest rates, so you’re not paying more than necessary. Not only is uBank committed to helping those with bad credit.

But also dedicated to making the process as easy and accessible as possible while providing excellent customer service. 

With uBank, you can get the best loan at the best rate – no matter your credit standing.

3. EZI Finance

This online lending service offers loans up to R8,000 with repayment terms of up to six months on interest rates of up to 32.1%. 

Priding on their fast and straightforward application process, they provide suitable solutions for those experiencing financial difficulties. 

With competitively priced bad credit loans and no long wait times, EZI Finance can help you get the cash you need when you need it most.

4. Binixo Loans

With Binixo, loans of up to R9,000 are available with repayment terms of up to 65 days and interest rates starting from 10.5%. 

Simply fill in the short application form, select your preferred loan amount and repayment term, and you’re ready to go! 

5. EC Loans

Don’t worry about your credit score to apply for these loans. Source: Canva.

EC Loans is the best bad credit loan offered in South Africa. Providing loans up to R120,000 with term lengths of up to 84 months and interest rates as low as 28%. 

With flexible payment plans and options tailored to an individual’s unique financial situation, an EC Loan is a smart alternative for those needing help covering large expenses without turning to pay-day lenders with sky-high interest rates. 

Getting an EC Loan today could get you the funds you need quickly and easily – whether it’s for home repairs, travel, or starting a small business 

6. Mulah

Offering loans up to R4,000 over a period of 30 days, Mulah provides quick and easy access to cash without judgment or added stress. 

Best of all, the interest rate is capped at 38%, which makes it one of the best bad credit loan options available. 

Whether you seek a short-term solution or additional assistance in jumpstarting your finances, Mulah can help.

7. Fincheck

Fincheck offers the best bad credit loans to help you manage your cash flow and get the best out of your finances. 

With the lowest interest rates starting from 16%, a term up to 72 months. And high loan amounts going up to R250,000. Fincheck is surely one of the best choices if you are looking for a reliable bad credit loan provider. 

Their quality customer support will ensure you have an effortless experience in getting your finances sorted. 

8. Mr. Cash Loans

You can apply for loan amounts up to R200,000 and have a repayment term of up to 72 months. With interest rates of up to 28%. 

Whether for home improvement projects, educational expenses, medical bills, or business investments, Mr. Cash offers a loan that best fits your needs. 

With one application and approval process, you can trust Mr. Cash Loans to work with you every step of the way for quick access to the best bad credit loan that meets all your financial requirements.

What is the best type of loan for you?

Are you considering taking out a loan but aren’t sure what the best option is for you? 

Whether buying something big like a home or car or just making ends meet. Understanding your available options can be overwhelming. 

In the next blog post, we will lay out all the different kinds of loans and their pros and cons so that you can make an informed decision about which is right for you. Ready to dive in? Let’s go!

What is the best type of loan for you

What is the best type of loan for you?

Find out which loan is the best type of loan for you and why. Which loans are available, what do they offer and how to apply? Read on to learn more!

About the author  /  Vinicius Barbosa

Vinicius Barbosa is a writer of finance-related content on this portal. Graduated in Social Communication, he writes about everything that involves the world of finances, from credit card recommendations to investment tips, for readers who want to make better decisions when it comes time to spend their money or invest wisely.

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