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Before applying for a bad credit personal loan, check to make sure the lender is reputable. Avoid lenders that use strong-arm sales tactics or have been censured or penalized by the CFPB for predatory practices.
Personal loans offer fixed monthly payments and can xcelsior loans reviews be used to consolidate debt or finance major purchases. They also report to credit bureaus, so paying them on time can help improve your credit profile.
Reputable Lenders
We pride ourselves on being a responsible lender who adheres to all regulatory compliance. We are also transparent with our interest rates, and we report repayments to the credit bureaus – which helps rebuild your credit profile as you manage your debt responsibly. Each year, one of our loan clients wins a brand new car for keeping their payments up to date – a true example of our commitment to helping people take control of their finances and build wealth.
No Upfront Fees
The process of applying for a personal loan is free and simple. You’ll only need a copy of your ID and three months of bank statements or payslips to confirm your income. Once you’re approved, the money will be sent directly to your bank account. The same bank where you’ll be making your repayments each month.
A personal loan is a good option for people who need to pay for urgent expenses, like medical bills or car repairs. The loans typically have a short term so that the debt can be paid off quickly. They also offer a fixed interest rate, which means your monthly payments won’t change during the loan term.
At Atlas Finance, we care about our customers’ financial wellbeing and only lend responsibly. Our rates are transparent and regulated, and we report your repayment history to the credit bureaus. This means that by paying your loan on time, you could help build a positive credit record and improve your credit score over time. Plus, we give our clients a chance to win their dream car every year for keeping their loan up to date.
Flexible Payment Options
If you’re in need of cash for an emergency or leisure activities, consider applying for a personal loan. These unsecured loans can range from R1,000 to R350,000 with repayment periods that can extend up to 72 months. Typically, you’ll be required to submit a copy of your valid South African ID and proof of income. The loan’s interest rate is usually fixed, which means your monthly installment will remain the same throughout the duration of the repayment period.
Easy Application Process
We’ve made the application process as simple as possible. All you need is a copy of your valid South African ID and three months’ bank statements or payslips. If you’re approved, we’ll send you an email with the amount you need to repay and your repayment terms.
We report your repayments to the credit bureaus, so if you service your debt responsibly and maintain a good payment history, it could help rebuild your credit profile over time. We also offer a Wealth Bonus, which rewards our clients with a cash prize every month for keeping their loans up to date.
Our coach is available to answer all your questions and guide you through the loan process. You can call him at any time, and he’ll be there to help you take on debt confidently.
A personal loan is a flexible way to access cash for any purpose, including debt consolidation, home improvements or leisure activities such as weddings and holidays. Personal loans have fixed interest rates based on your affordability and credit profile. Repayments are repaid in monthly instalments over the chosen period. Atlas Finance reports repayments to the credit bureaus which helps you build a positive credit profile if you service your debt responsibly. Every year, one of our clients stands a chance to win a car for keeping their loan up-to-date. Click here for more details.
Need help with your credit? Our wealth bonus coach, Coach is ready to help.
Article by Atlas Finance Digital Marketing Team
A personal loan is a form of credit that provides access to cash for emergencies or leisure activities. It is an unsecured debt, which means you don’t need to provide collateral to secure it. You repay the debt in monthly installments over a period you choose. Atlas Finance offers personal loans between R1,000 and R350,000, with repayment periods ranging from 7 (minimum) to 72 months. You are charged interest based on your affordability and your credit profile. You also pay a standard monthly service fee and credit life premium.
Are you ready to start your loan journey?