📌 Are you blacklisted and need an R70,000 loan in South Africa?
| 👉 R30,000 Loans for Blacklisted ✅ | 👉 Loan for Blacklisted ✅ |
| 👉 R20,000 Loan for Blacklisted ✅ | 👉 R50,000 Loan for Blacklisted ✅ |
Getting a large loan with bad credit can be difficult, but it’s still possible through alternative lenders or secured loan options. This guide will help you find lenders, understand repayment terms, and improve your approval chances.
🔹 What you’ll learn in this article:
✔️ Where to apply for an R70,000 loan if you are blacklisted
✔️ Which lenders in South Africa offer large blacklisted loans
✔️ Repayment options for a R70,000 personal loan
✔️ How to improve your approval chances
Can You Get an R70,000 Loan If You Are Blacklisted?
Yes! Although most banks won’t approve large loans for blacklisted individuals, some private lenders and secured loan providers can still assist you.
✔️ Lenders may require collateral (car, property, or valuables)
✔️ You may need to prove a stable income to qualify
✔️ Interest rates are higher than standard bank loans
💡 Good news: There are specialized lenders who offer blacklisted loans, but the conditions and interest rates vary depending on your income, assets, and repayment ability.
Best Lenders Offering R70,000 Loans for Blacklisted Individuals
Here are some of the best alternative lenders that offer up to R70,000 for blacklisted individuals:
| Lender | Loan Amount | Approval Time | Blacklisted Accepted? | Payout Time |
|---|---|---|---|---|
| Boodle | Up to R70,000 | 5 Minutes | ✅ Yes, with proof of income | Same day |
| Lime24 | Up to R100,000 | 15 Minutes | ✅ Yes, but higher interest | 24 hours |
| FinChoice | Up to R70,000 | 30 Minutes | ✅ Yes, if affordability is proven | 1-2 days |
| Cash Converters | Up to R70,000 | 1 Hour | ✅ Yes, secured loan option | Same day |
| DirectAxis | Up to R150,000 | 24 Hours | ❌ No, good credit needed | 1-2 days |
💡 Tip: If you are blacklisted, lenders may require collateral (such as a car or house) to secure the loan and lower the interest rate.
Requirements to Get an R70,000 Blacklisted Loan
To qualify for an R70,000 loan while blacklisted, lenders will usually require:
✅ Valid South African ID
✅ Proof of income (bank statements or payslips for 3-6 months)
✅ Active South African bank account
✅ Minimum salary of R12,000 – R20,000 per month
✅ Collateral (such as a vehicle, property, or valuable assets)
💡 Tip: A secured loan using an asset can increase your approval chances significantly.
Repayment of an R70,000 Blacklisted Loan – What to Expect?
Repayment options for an R70,000 loan will depend on the lender and your loan terms.
🔹 Example repayment terms for an R70,000 personal loan:
| Loan Term | Estimated Interest Rate | Monthly Repayment | Total Repayment |
|---|---|---|---|
| 12 months | 25% APR | R7,290 | R87,480 |
| 24 months | 22% APR | R3,760 | R90,240 |
| 36 months | 18% APR | R2,600 | R93,600 |
💡 Tip: A longer loan term reduces your monthly installment but increases the total repayment amount.
What to Watch Out for When Applying for Blacklisted Loans
Since blacklisted loans carry higher risk, be cautious of:
❌ High-interest rates – Some lenders charge up to 35% interest
❌ Hidden fees – Always read the loan agreement carefully
❌ Scams & upfront fees – Legitimate lenders never ask for money before approval
❌ Short repayment periods – Many lenders require repayment within 12-36 months
💡 Tip: Compare at least three lenders before signing any loan agreement to avoid overpaying on interest and fees.
How to Improve Your Chances of Getting an R70,000 Loan While Blacklisted
Follow these steps to increase your approval chances:
✔️ Show proof of a stable, high income – The more income you can prove, the better
✔️ Apply for a secured loan – Using a car or house as collateral reduces lender risk
✔️ Improve your credit score – Pay off small debts to strengthen your profile
✔️ Use a loan broker – Brokers can match you with the best lender for your situation
💡 Tip: Even if you are blacklisted, having a good financial profile and security can help you qualify.
Frequently Asked Questions (FAQ) About Blacklisted R70,000 Loans
1. Where can I get an R70,000 loan if I am blacklisted?
💡 Alternative lenders like Boodle, Lime24, and Cash Converters offer loans for blacklisted individuals.
2. How fast can I get an R70,000 loan?
💡 Some lenders provide same-day approval, but larger loans may take 24-48 hours for processing.
3. What if my loan application is rejected?
💡 Consider a secured loan, applying for a lower amount, or improving your financial status.
4. Can I get an R70,000 loan without proof of income?
💡 Unlikely. Most lenders require proof of steady income or collateral for large loans.
5. What is the interest rate for blacklisted loans?
💡 Interest rates can range from 15% to 35%, depending on the lender and your financial situation.
🔎 Conclusion: How to Get an R70,000 Loan If You Are Blacklisted
✅ Loans for blacklisted individuals are available, but they require proof of income or collateral.
✅ Alternative lenders like Boodle, FinChoice, and Lime24 offer blacklisted loans.
✅ Providing collateral (car or house) increases approval chances.
✅ Always compare lenders to avoid scams and high fees.
🚀 Need an R70,000 loan today? Compare trusted lenders and apply for the best deal now!
