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.

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.