Being blacklisted in a country that has an assortment of institutions that provide loans and other finance related products can be such a drawback let alone in a world that demands a lot of our financial attention on a daily basis.
Fortunately; some financial services providers have been so kind to allow blacklisted people in their lending bracket. Maravedi is one such institution providing loans to blacklisted people. The firm has loans designed to help you secure your short, medium and long financial challenges that you face.
The loan facility allows you to apply for loans ranging from R1 000 to R25 000; you are required to repay these loans within periods that best suit your needs. But you can choose up to 24 months.
Just like most financial providers, the firm expects you to meet the following requirements in order to qualify for this facility:
Requirements of Maravedi personal loans are:
- 18 years old or more
- Have a South African ID book
- Have been employed for at least three months at your current occupation
- Have a minimum monthly salary of R2 500
- Have an existing bank account
Apart from loans, the creditor offers an educational fund facility of up to R50 000 for customers applying for a personal loan. The application process can be done telephonically by calling the Maravedi centre on 0860 222 765.