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About us

personal-loan-applications.co.za was created for a sole purpose.

We noticed that there was a growing number of South Africans who struggled to access short-term-credit. Therefore, our mission is to create a solution that will lift the burden of hunting for a loan with one single application to us.

Rather than you doing all the hard work and approaching different lenders etc., all you need to do is complete ONE online application and let us do the hard work for you!

Being Blacklisted isn't an issue with us

We also assist people who have been blacklisted or have poor credit records.

We have a high success rate of daily applications and continue to serve increasing numbers of South Africans countrywide.

If your bank is refusing to give you a loan we should be able to help.

You may also like to try out our handy loan calculator, this can give you a rough idea of what you can expect.

We will go through everything with you when you apply for your loan which will be exact and you will be approved the same day you apply for your loan.

Max Interest rates and Fee`s (APR)

Please note that interest and fees are charged by the various credit providers in accordance with the National Credit Act no 34 of 2005.

Implications of non or late payment

It is in your best interest to contact a credit provider should something happen and you will not be able to meet your payments as per the credit agreement. The credit provider will then try to assist with alternative arrangements that will be acceptable by both parties.

In the event of late payment interest will be charged in accordance with the NCA. This interest will be calculated monthly and may be added daily to your account.

Other default administration charges that will be added to your account will be in terms of Regulation 46 of the National Credit Act no 34 of 2005.

Should your failure to pay continue you will be contacted by the Credit provider in an attempt to resolve your account or to discuss a plan of action to bring the account up to date.

Continued failure to meet your obligations in terms of the Credit Agreement may result in you being handed over to attorneys by the credit provider in order to apply to a court to enforce their rights under the credit agreement and your obligation to pay under such an agreement. You will then be liable for all legal cost which may include but are not limited to:

· Legal fees on a “client attorney scale”

· Collection charges and tracing fees

· sheriff fees and revenue stamps

Note that any failure to pay may reflect adversely on your credit record with credit bureaus and may have a negative impact on future credit applications.

Judgment may also be (taken) issued against you in a magistrates court to enforce the rights of the credit provider which may also influence future credit applications negatively.

  • 30 days late

    This record will damage your credit scores only when it is reported as currently 30 days late.

  • 60 days late

    This record will also damage your credit scores when it is reported as currently 60 days late.

  • 90 days late

    This record will damage your credit scores significantly for up to 7 years. It doesn't make a difference whether or not your account is currently 90 days late. Remember, the goal of the scoring model is to predict whether or not you will pay 90 days late or later on any credit obligation. By showing that you have already done so means that you are more likely to do it again compared to someone who has never been 90 days late. As such, your credit scores will drop.

  • 120+ days late

    Late payment reporting beyond the initial 90 day missed payment does not cause additional credit score damage directly. However, there is an indirect impact to your scores. At this point, your debt is usually charged off or sold to a 3rd party collection agency. Both of these occurrences are reported on your credit files and will lower your credit scores further.

If you continue to miss your payments beyond 90 or 120 days, the following records may also harm your credit score:

  • Collections

    Collections are the result of late payments. There are two types of collections; those that have been sold to a 3rd party collection agency or those that have been turned over to an internal collection department. Regardless of which one shows up on your credit reports, your scores will suffer.

  • Settlements

    Settlements are deals made between you and a creditor who is trying to collect a past due debt. Normally, you and the creditor would agree on an amount that is less than what you really owe them. Once you pay them, they consider the matter closed and paid off. However, they will report that you have made a debt settlement for less than your contractual obligation. This will hurt your scores as much as any other serious delinquency.

  • Assistance with Debt

    If you are finding things a struggle with your monthly payments, it may be advisable to seek professional help from a debt counsellor before it gets too late.

    Your credit providers will make you aware of this option.

Renewal Policy

We do assist clients with more than one active loan as long as their current loan with our providers is up to date. Once you made 3 payments on your current loan you can apply for another loan with us. We will work out if you do qualify for another loan according the NCR rules as with the first loan.

APR for personal-loan-application.co.za

APR is a term that stands for Annual Percentage Rate per charge. EXAMPLE:


Loans are subject to the National Credit Act No. 34 of 2005. All loan applications are considered and are subject to credit approval. Your rate and initiation fee will be determined according to your personal risk profile. For illustration purposes, the figures in this table are calculated at an interest rate of 26% per annum.
*Rates and fees are current as at 2 August 2013 and are subject to change at the discretion of Personal Loans.

Should you wish to speak to a debt counsellor, we recommend Lifeline Debt Solutions.

They can be contacted on their website www.lifelinedebtsolutions.co.za or by calling 0839007344 or 0871501578