Freeway Personal Loans – Servicing Blacklisted Clientele

Overview

Individuals who are blacklisted face a daunting task when searching for a loan. 1 in 4 South Africans are blacklisted, which indicates that credit problems are common in this country. For every problem however, there is a financial institution willing to step up and solve the issue. Freeway Financial Services is a lending institution that operates in the robust micro finance industry in South Africa. Freeway is a provider of personal loans, consolidation loans as well as blacklisted loans.Freeway understands that a bad credit profile may hinder loan applications, so they have an affiliation with various credit providers who assist people with bad credit. Interest rates will not be as low as those offered to individuals with good credit, but they are still reasonable. Application processes (which are offered online) are hassle free and convenient. A consolidation loan is a credit management tool that is useful for improving on one’s credit profile. By merging multiple loans into one payment, clients are able to keep up to date with payments as well as benefit from lower interest rates.

To qualify for Freeway Personal loans, individuals need to be adult South African citizens (above the age of 18); with a valid South African I.D. Applicants need to be permanently employed for at least 2 months with the same company. They must also have a valid bank account into which their salary is deposited. Applicants must not be earning a commission income, be self-employed, contracted workers, under administration or debt counselling.

For more on Freeway Personal Loans, call 012 546 5747.