List Of best bad credit payday loans guaranteed approval
Bad Credit Loans With Guaranteed Approval

Having a poor credit score can make it challenging to get approved for loans from traditional lending institutions. However, some online lenders now offer bad credit loans with guaranteed approval.

These loans provide access to funds for borrowers despite past defaults, missed payments, debt review status, low credit scores, or being blacklisted.

This guide outlines the top lenders offering guaranteed loans for bad credit, loan amounts, costs, eligibility criteria, application process, pros and cons, and precautions for borrowers.

List Of best bad credit payday loans guaranteed approval

Also See:

List of guaranteed payday loans in South Africa

Guaranteed loan approval South Africa

List of Payday Loans South Africa bad credit

Top 10 Payday Loans in South Africa

What Are Bad Credit Loans With Guaranteed Approval?

Bad credit loans with guaranteed approval are small, short-term unsecured loans designed for borrowers with credit scores below 600. These loans range from R500 to R150,000 with repayment terms from 1 to 24 months.

Since people with poor credit are often denied loans by banks, guaranteed approval from bad credit lenders ensures access to financing. These lenders do not conduct intensive credit checks. If you meet their basic criteria, they guarantee loan approval irrespective of your credit score.

However, guaranteed loans for bad credit come at very high interest rates and fees. Let’s look at some of the top guaranteed bad credit loan providers in South Africa.

Top Lenders Offering Guaranteed Bad Credit Loans

Here are some leading online lenders offering guaranteed loans for bad credit borrowers:

1. Real People Personal Loans

  • Loans from R500 to R200,000
  • Terms from 1-60 months
  • Rate from 3.75% per month

2. Africash Loans

  • Loans up to R150,000
  • Terms up to 24 months
  • Rate from 3.5% per month

3. Rapid Finance Loans

  • Loans from R500 to R150,000
  • Terms from 1-12 months
  • Rate from 5% per month

4. Cashpoint Loans

  • Loans up to R25,000
  • Terms up to 6 months
  • Rate from 3.9% per month

Loan Amounts and Terms

Guaranteed approval bad credit loans range from R500 to R150,000 depending on income and the lender.

Typical loan amount ranges:

  • R500 to R8,000 for payday loans
  • R1,000 to R50,000 for personal loans
  • R10,000 to R150,000 for large personal loans

Loan terms range from 1 month to 24 months. Short 1-6 month terms are more common.

Interest Rates and Fees Charged

Guaranteed bad credit loans have very high borrowing costs:

Interest Rate

  • 3% to 7% per month
  • 36% to 84% Annual Percentage Rate

Initiation Fee

  • R150 to R1000 once-off

Service Fee

  • R50 to R150 per month

Insurance Fees

  • R7 per R1000 borrowed per month

Compare rates and fees across multiple lenders to get the best deal.

repayment terms

Guaranteed bad credit loans have fixed short-term repayment periods of 1-24 months. Terms include:

  • 1 month for payday loans
  • 3-6 months for small loans
  • 12-24 months for larger loans

You repay the principal, fees and interest in fixed installments via debit order until fully paid. Avoid very short 1-2 month terms if possible.

Eligibility Criteria

Eligibility criteria for guaranteed bad credit loan approval include:

  • 18-65 years age
  • South African citizen/valid ID
  • Minimum income R1500-R5000 pm
  • 3 months employment
  • Active checking account
  • Contactable references

There are no credit checks. Meeting the basic criteria guarantees approval.

Application Process

Follow these steps when applying:

  • Complete online application – Provide your personal and job details.
  • Upload documents – Submit requested documents like ID, payslips, etc.
  • Wait for approval – The lender will verify details and guarantee approval if eligible.
  • Accept loan agreement – If approved, accept the loan agreement electronically.
  • Get funds disbursed – The loan amount gets credited to your account as soon as the next business day.
  • Make repayments – Repay the loan in installments by debit order.

Pros of Guaranteed Bad Credit Loans

Benefits include:

  • Guaranteed approval even with very poor credit
  • Quick access to cash within 1-2 days
  • 100% online application and disbursement
  • Loans tailored for bad credit borrowers
  • No collateral is required as unsecured
  • Fixed monthly installment payments
  • Convenient repayment by debit order

Cons to Be Aware Of

Consider the downsides too:

  • Very high interest rates of 36%-84% APR
  • Expensive for long term borrowing
  • Credit scoring worsens if repayments missed
  • The risk of debt spirals if used irresponsibly
  • Alternatives like friends/family loans may be cheaper

Tips for Borrowers

If taking a guaranteed bad credit loan:

  • Borrow only what you absolutely need
  • Avoid maximum loan amount offers
  • Compare lenders to get the lowest rate
  • Pick longer 6-12 month repayment terms
  • Have a clear repayment plan
  • Make repayments by the due date to avoid spiraling debt
  • Use loans sparingly for absolute necessities only
List Of best bad credit payday loans guaranteed approval


In summary, guaranteed approval bad credit loans provide access to funding for borrowers with low credit scores who cannot get traditional loans. However, very high interest rates and short repayment periods make them expensive. Conduct due diligence, compare lenders, borrow prudently, and make timely repayments to avoid debt traps. Exhaust other cheaper alternatives first before resorting to guaranteed loans.


Q: Are guaranteed loans possible if blacklisted?

A: Yes, some online lenders offer guaranteed loans even if blacklisted. However, interest rates are very high. Avoid if possible.

Q: Where can I get guaranteed cash loans with no payslips?

A: Some lenders like Real People offer guaranteed approval loans with only your ID and bank statements. But rates are higher than normal.

Q: How fast can I get the loan amount?

A: Online lenders transfer approved bad credit loan amounts usually within 1 day. Some disburse guaranteed loans within hours.

Q: Can I apply for multiple guaranteed loans?

A: Not advisable. Multiple loan applications make you seem high risk. Start with one lender offering the best rate.

Q: What happens if I default on guaranteed loan repayment?

A: You will incur penalties, extra fees and interest costs. Lenders may blacklist you affecting access to future loans.


By QueenB

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