Frequently Asked Questions
Not sure about something regarding blacklisted loans or finance? Keep reading this page for our list of frequently asked questions and find an answer below. Please Contact Us if you have another question or comment that is not on this page and we will do our best to help wherever possible. Don't forget that if you are looking for loans or other finance then please browse the menu at the top of the page to find the option most suited to your requirements and apply.
I have been declined, what are my options?If you have been declined for an unsecured loan and have not considered a secured loan against assets then Lamna could be an option. If you have any goods of value such as a car, boat, motorcycle, jewellery, gold, diamonds, watches then this could be used as security for your loan. If you do not have any assets of value and have been declined by all loan providers then most companies will allow you to reapply in 30 days. Alternatively if you are really struggling with debt and have no other options then you should possibly consider Debt Review to help you reduce repayments on existing debts.
What is a payday loan and how can I get one?A payday loan is a small amount of cash for a short period of time which is repaid in a single payment on or just after your next salary date. You can usually apply for a payday loan with no paperwork required to get approval and UApply offer payday loans with applications accepted if you are blacklisted or have bad credit.
How can I find out if I am blacklisted or have bad credit?You will know if you have credit problems if you are declined when you try and open accounts or apply for loans or other finance. If you are not sure of your credit status then Credit Report SA offer free monthly credit reports which will help you get a better understanding of your credit situation.
Are there any upfront fees payable to apply for a loan?We do not offer any loans ourselves, rather refer to other companies, all of which are registered with the NCR (National Credit Regulator) and none charge any fees. You should not pay any lender or company fees for 'application' or 'processing' as in many cases this is a scam and you could in fact lose money.
Is it safe to apply online, wouldn't it be better to fax?Your details will be secure when you apply online and will not be sold for other marketing purposes. If you feel there is an issue related to the security of your information then Contact Us with the details and we will do our best to help. Applying online is generally much faster and more efficient then doing it over the phone or by fax in many cases you will get an instant decision on your loan application.
I have been declined for a credit card, where can I get one?If you need all the convenience and security a credit card has to offer and don't qualify due to credit problems then you should consider getting a free prepaid MasterCard from Payeer which you can use in South Africa and around the world. There are no monthly or sign up fees and you can use it wherever MasterCard is accepted to make payments or go shopping online and in-store.
I am unemployed, is it possible to get a loan?The only option for loans if you are unemployed would be to get a secured loan against an asset of value you own which is fully paid. Lamna offer loans against cars, boats, motorcycles, art, antiques, jewellery, watches, gold, diamonds and any other goods of value.
Do you offer loans to people that are not residents of South Africa?Unfortunately we only offer loans and finance to people that have a valid South African identity document and we will not be able to help you get a loan.
Will there be a credit check when I apply for a loan?Yes, there will be a credit check in most cases, with Lamna being the only option for loans with no credit checks or payslips involved. However your credit situation may not be as bad as you think and we deal with lenders and finance companies that will accept and consider applications with bad credit or if blacklisted. Try applying at CASHLOAN.co.za or SA Personal Loans who offer large, unsecured cash loans even if you have bad credit or are blacklisted.
I really need a new phone or tablet PC on contract, can I get one?Yes, it is possible to get new phones on contract as well as tablet PCs from a major cellular service provider even if you have been declined previously, are blacklisted or have bad credit. ezPHONES offer a range of deals and will do their best to help you get a new mobile device on contract.
Do I need to have a bank account to apply?Yes, you will need to have an active bank account as usually your loan repayment(s) will be deducted via debit order from your account. If will also be beneficial to bank with a major bank (FNB, Nedbank, Absa or Standard) to get your loan paid to you more quickly. Some banks such Postbank or Bidvest will not be considered by many companies and could be the reason your loan application was declined.
What is debt review / debt counselling?Debt review, which is also referred to as debt counselling, is a legal process whereby you can clear your credit record, repay your debts and have protection from your creditors. You can apply for Debt Review and be assigned a debt counsellor who will restructure your debts to reduce monthly repayments. You will be able to keep assets you have, such as your house and car and if you complete the process will once again be debt free. If you are someone who is struggling to keep up with debt repayments, is getting phone calls or letters threatening legal action or you risk losing your home, car or other assets then it is an option to consider.
Can I get a loan if I am under debt review?
Unfortunately it is not legal to get a loan whilst under debt review / debt counselling and you would have to first cancel the process to be able to qualify for a loan. Visit the Loans Under Debt Review page for more information as to your options.
What are my options for car finance if blacklisted?If you are blacklisted or have bad credit getting approved for any kind of finance can be very difficult. Easy Car Finance offer independent finance from only registered lenders and will do their best to help if possible. They also offer refinance of existing vehicles you may have which could help you to reduce your monthly repayments. An alternative would be to apply for a loan to buy the vehicle yourself, consider options like CASHLOAN.co.za or Loans Unlimited which both offer large, unsecured cash loans.
I have a question who can I contact?If you have a question regarding a specific loan or finance product listed on the site the best would be to contact that company directly and the details are available on the Loan Company Contacts page. As we do not offer the loans ourselves you are more likely to get a better answer this way. If you have any other questions or comments then please visit the Contact Us page and we will get back to you as soon as possible.
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