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[Accessed April 6, 2023]

About Finsap

Being blacklisted can make it difficult when applying for a loan.

The expression of being blacklisted refers to people who missed important payments, defaulted on loan payments, or violated the terms of a loan and now have a bad credit record.

Although being blacklisted does not stop you from qualifying for financial services it is difficult to get approved for it. During current economic conditions in South Africa, many consumers are blacklisted or have bad credit as more people are struggling to keep up with their payments every month.

Loans for blacklisted and clients

Finsap is an independent loan company that provides various financial services.  These services are available to those who are non-blacklisted as well as those who are blacklisted. The loans provided include business loans, personal loans, mortgage loans, and debt consolidation loans, to name a few. When applying for a loan, Finsap works with the customer to determine the customer’s affordability and exact financial needs.

Responsible credit facilities, guaranteed

Even those who are blacklisted find themselves in need of credit, at Finsap the access is granted responsibly. Finsap makes sure that loans are provided for the right reasons that a client understands the terms of repayment clearly.

These loans are designed for clients in a position of need. They help them get access to loans for education, to buy or improve a home, to start or expand a small business, for agricultural reasons, and emergency finance. These funds are needed for basic needs that even those without security need.

Finsap Services

Short-term loans are for clients who require a smaller amount of cash to help them on a short-term basis.

Usually, a client gets a short-term loan for a financial boost for reasons such as paying unexpected medical bills, events such as funerals or weddings, paying off debt, or even crop planting for farmers.

Affordable loan terms

The amount repayable monthly is a manageable amount that fits the client's affordability and can be paid off over one, three, six, or a maximum of nine months. This is a perfect solution for clients who need a loan to pay off the debt that has damaged their credit record.

Medium-term loan terms

Clients often need to secure money for a long-term commitment such as student loans. A medium-term loan offers more cash than a short-term loan, with a longer period available to pay back the loan.

The amount needs to be repaid over either one or two years and is there to help clients pay school fees, start or expand a business, purchase farming goods and even furnish a home. Medium-term loans help clients who want to grow financially and make short investments that will benefit the family or business in the long run.


Finsap – Bad credit loan

  • Loan Type Loans bad credit
  • Interest Rate from 5.0%

Benefits of Finsap

  • Low interest
  • Affordable loans
  • Simple loan application

Bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This bad credit loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Finsap can help you with your financial needs

Finsap provides their clients with access to credit when they need it, without any administrative delays.

The application process is completely online, with same-day checks in place that allow quick online loan approval on applications. Clients who are under debt review and who are blacklisted qualify to apply for any of the loans that follow.

Long-term loans offer the highest loan amounts

A long-term loan at Finsap allows clients to borrow the maximum available amount for a loan. The amount owed can then be paid throughout a minimum of three to a maximum of 10 years.

Even though the overall amount is large the repayment is easier to manage because of the longer-term provided. Long-term loans are there for clients who want to make longer-term investments such as buying a house, a car, or making a business investment.

The commitment seems more stressful because it is long-term, but to make sure that the client feels at ease, Finsap provides a professional agent to advise, assist and guide the client through the process.

The main goal of Finsap is to encourage economic development and social change in South Africa. A long-term loan can make a drastic difference in a person's life and enables positive financial and personal growth.

Get a quick blacklisted loan 

Let’s provide you with a better understanding. Here is an example of a case where a blacklisted client needed a loan.

A client wanted a personal loan for a car purchase for R 465,000 but only had R180,000 cash. A loan is needed for R 285,000. The clients' accounts show that there is a net income of around R40 000. Finsap was able to give a loan with a payment of R425,000, repayable over 5 years with the first 12 months only consisting of interest payment. The interest rate was calculated to be 5%.

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Finsap is a trusted & reliable provider of loans bad credit

In our review, Finsap adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Finsap is a registered credit provider in South Africa: NCRCP 10078

Customer Reviews & Testimonials

December 2018

Finsap is the best lending company we have ever used. The staff is extremely accommodating and the loan process is fast. There are considerable options for loans to choose from. The pandemic caus...

Gert K
— Darwin —

May 2019

I had the best experience with the loans team. They made sure that my loan was secured promptly. The whole experience was stress-free. I give my highest recommendation to use Finsap for your mort...

Mila B
— Sydney —

November 2018

We did not believe that we would be able to get a personal loan due to our circumstances. Thank you so much Finsap for your hard work.

M. Habib
— Townsville —

Finsap Contact

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Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday 08:00 – 17:00
  • Sunday – Closed