Rating based on 15 reviews

My Financial Help

  • Loans bad credit up to R8,000
  • Low-interest starting from 28%
  • Repayment up to 5 years

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My Financial Help homepage
Author My Financial Help. Screenshot of My Financial Help website.
[Accessed January 23, 2023]

About My Financial Help

My Financial Help is a lender that was founded in Cape Town, South Africa. They offer a comprehensive set of finance solutions. From bad credit loans to debt consolidation, they have it all.

Catering to people looking for debt solutions, they offer plans for clients with bad credit. The lending market can be a difficult place to get a loan with bad credit.

My Financial Help offers those individuals a chance to get the funding they need while repairing their credit score as they go.

My Financial Help can solve all your bad credit problems. They do this by offering debt consolidation loans to bad credit clients. Understanding the debt consolidation loan is the first step in their process.

Bad credit loans and how they work

Understanding how bad credit loans work is also necessary when trying to fix your credit score. Bad credit loans are offered to people whose very low credit scores limit their borrowing options.

Put simply, bad credit loans and debt consolidation are what you use to bail yourself out of difficult financial situations.

They are treated as personal loans by lenders and banks. The following are a few ways you can get a bad credit loan:

  • Credit unions - these organizations are beneficial to people with bad credit scores.
  • Finding a co-signer - you can piggy-back their good credit score for lower interest rates on your loan.
  • Tap into your home equity - if you have equity, you can use it to get a loan - credit scores don’t factor in this department.
  • Online or peer to peer lending is also a great way to get fast and secure finance - especially if you have bad credit. There are many bad credit lenders online that can help you access credit when you need it most.

My Financial Help Services

As mentioned before, My Financial Help is a specialist in this field. Their focus on bad credit loans and debt consolidation have helped countless South Africans.

In fact, they care so much about alleviating debt issues that they’ve put a free e-book up on their site called “The 8 steps crucial steps to get your loan approved.” This step-by-step guide will give you a better understanding of loans and what it takes to get them.

You should take out a debt consolidation loan if you can no longer afford to make your monthly loan repayments. A larger loan is taken out and used to pay off all the creditors that you owe money to.

You’ll then only pay off one monthly installment, usually at a more manageable payment size. Securing a loan like this if you have bad credit can be difficult, but that’s where My Financial Help steps in.

The loans they can help you access

My Financial Help has a few types of loans on offer but covers the 3 major types. Namely, the following:

  • Short-term credit transactions - These short-term loans cover amounts up to R8000. They’re taken out over a period of no longer than 6 months. This is a higher interest form of credit.
  • Unsecured credit loans - these are products like personal loans. You’ll be required to re-apply for loans like these once you’ve paid them off. This loan’s interest rate generally caps around 21% of the amount plus the current repo rate.
  • Unsecured credit facilities - these can be used over and over. They’re charged at the repo rate plus 14% charge, at maximum.

These funding types are all available to bad credit clients through My Financial Help.

My Financial Help – Bad credit loan

  • Loan Type Loans bad credit
  • Interest Rate from 28%
  • Loan Amount up to R8,000
  • Repayment 2 years to 5 years

Benefits of My Financial Help

  • Financiers who care
  • Cheap and easy repayments
  • Repayments between 2 and 5 years
  • Bad credit Loans
  • Helpful 24/7 service

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.

How to apply with My Financial Help

Application at My Financial Help is incredibly easy. They have a downloadable loan calculator for Microsoft Excel.

Downloading this useful tool allows you to pre-determine whether or not a loan with My Financial Help is viable.

My Financial Help’s loans are offered over varying periods, some from as little as 6 months, and some for as long as 5 years. Knowing what you need in advance is also beneficial.

What happens once you know what you need?

There is, unfortunately, no online loan application available with My Financial Help just yet. If you would like to apply, you’ll need to get their contact details online. You can correspond via email or talk to one of their friendly, helpful consultants over the phone.

The essentials

Generally, you’ll have the same set of documents requested by any company you apply for a loan for bad credit with. It’s best to have the following ready before you apply:

  • Your RSA ID
  • A copy of your most recent bank statement, spanning the last 3 months
  • The amount you need to borrow - regardless of whether this is a debt consolidation or bad credit loan application.

These are the three main documents that you’ll be asked for. Having these handy will speed your application along.

Having a solid idea of what you need in a loan is ideal, and after you’ve spoken to My Financial Help about their credit solutions, you won’t be looking for a quick loan anywhere else.

Other services on offer

My Financial Help doesn’t just offer loans. They also provide helpful financial advice to clients who need it. They provide seminars and talks to individuals and companies of all sizes. At the moment, ABSA and Nedbank are My Financial Help’s largest clients.

Smaller companies they’ve hosted seminars for in the past include Shell, Freddy Hirsch, Woolworths, and Multichoice. These seminars and workshops help employees understand the financial processes of the companies they work for.

Customer Reviews & Testimonials

November 2019

My Financial Help helped saved my family from losing their home.

Patma P
— Port Elizabeth —

April 2020

My Financial Help got e out of a lot of trouble with their bad credit loans.

Bryan M
— Cape Town —

March 2020

If anyone I know needs help out of bad credit, I recommend My Financial Help. They crushed my bad credit years ago.

Mark T
— Bloemfontein —

My Financial Help Contact

Contact Number


  • not available


Physical Address

  • 3 Cutter Cl Blouberg Sands Cape Town Western Cape 7441 South Africa
  • Get Directions

Postal Address

  • 2 Spearhead Business Park Montague Drive, Marconi Beam, 7441, South Africa

Opening Hours

  • not available