Come to Blink for a bad credit personal loan.
Blink does not see bad credit as a closed-door and understand that there is more to life than a score. The full process is done online to make it convenient for you.
As a first-time lender, Blink offers you R2,500 to be paid back in one month. The benefit is that there are no drawn-out fees.
Get more when you take out your next loan
If you choose to use Blink for another loan at a later date, you'll be given up to R 4,000 credit with a more flexible repayment term.
Nine times out of ten, you'll be requested to agree to a credit check when you apply for a loan. Depending on your credit score, the lender will either adjust the interest rate they'll charge you or in the worst-case scenario reject your loan application altogether.
Lenders use your credit score to assess how much of a risk it would be to lend you money. It allows them to estimate your ability to pay back your bad credit loan and how likely it's that you'll do so. Bad credit's not a hard and fast rule, though.
No credit history? No problem!
A credit score is based on your financial history. As a young adult, you may receive a bad credit score purely because you have no credit history, and there's not enough data available to evaluate the risk you pose to a lender. To build up a good credit score, you'll need to have six years worth of credit history.
What Blink can offer you
When Blink receives your application for a bad credit personal loan, they'll take all factors into account.
Whether your credit score is terrible or not, there are other factors they keep in mind when evaluating prospective clients. Unfortunately, if you're given a bad credit loan, you'll most likely be charged a higher interest rate.
Quick turnaround on loans
Loans from Blink can be paid into your account within 24 hours of signing the loan agreement. If you would like to receive the payment immediately, you can pay, and extra R 57 and the payment will pop into your account within seconds.
Do you qualify for a loan?
To qualify for a personal loan with Blink, you need to be 18 years or older, a South African Citizen, and have gainful employment. Your loan repayments will be deducted by debit order every month, so you need a valid bank account in your name.
In South Africa, you're eligible for one free credit check per year. You should take advantage of this. Regularly checking your credit history means that you can catch errors and correct them before they negatively impact your future transactions. It can also help you avoid identity theft before it becomes overwhelming.
Blacklisting, late payments, and bankruptcy will haunt your credit history for ten years after the fact. So it's always important to keep your credit history as healthy as possible.
Blink Product Details
- Loan Type Loans for bad credit
- Loan Amount up to R4,000
Go blink or go home! Get the fastest deal from the best lender
Get your bad credit personal loan from Blink in a few easy steps.
First, here are the documents you'll need to apply:
- Your most recent payslip with all the relevant information
- Banks statements dating back 90 days
- Your South African ID
The online application form requires you to fill in your contact details, employment details, and your income and expenses. This information does a lot to help Blink determine where you'll be able to afford the loan or not. It plays as large if not more of a roll in your chances of getting your bad credit loan approved as your credit record.
Did you know that your credit report will reflect positive financial behaviour after three consecutive months of good management?
Here are a few tricks to getting your credit score back under control
- Avoid making late payments by making use of debit orders and making sure you have money in your account when it's time for them to go off.
- Pay off and close unnecessary accounts and unused credit cards.
- Don't use more than 35% of your credit limit.
- Save money by getting a debt reconciliation loan and paying off the extra bits and pieces.
- When you're looking for a loan using a broker, too many loan applications count against you.
If you find you aren't going to be able to make a payment, don't keep quiet! Contact your lender and explain the situation. Lenders are always willing to make alternative payment arrangements as long as you reach out.
Actions that negatively impact your credit score:
- Late or missed payments
- Blacklisting due to a court judgement against you
- Applying for too many loans in too short a time
- Riding your credit cards and accounts to the limit
- Having too many accounts or credit cards at one time
For a great deal on a short term loan, check out Blink's website and follow the prompt. Blink evaluates you according to your merits, not your failures. Financial relief is within reach!
Customer Reviews & Testimonials
Blink helped me out of a few of my rough patches. They offer the kind of loan you can pay off easily, and their service is fast.
— Cape town —
I got a loan from Blink even though I was blacklisted a few years ago. They look at your entire situation and try to help.
— Pretoria —
Give Blink a try, you won't regret it. The quickest online service I've had and you can get paid immediately!
— George —
Blink Contact Details
- Erf 1217 Kungwini Bay Bronkhorstspruit 1020 South Africa
- Get Directions
- Monday 09:00 – 17:00
- Tuesday 09:00 – 17:00
- Wednesday 09:00 – 17:00
- Thursday 09:00 – 17:00
- Friday 09:00 – 17:00
- Saturday – Closed
- Sunday – Closed