RCS Loans for Blacklisted people and RCS Personal Loans details for anyone who has been blacklisted.
Getting RCS Loans for Blacklisted people is not an easy task at all.
It should come as no surprise that RCS loans hardly provide RCS personal loans to blacklisted people because they want to know how likely you are to repay them before giving you a new loan.
One of the most common ways they do it is by ordering your credit score,a low credit score shows that you are a more risky borrower than someone with a higher credit score.
RCS Personal Loans
You can get an RCS Personal Loans of up to R150 000 just after meeting their requirement but getting RCS Loans for Blacklisted is very difficult because of the risk and interest rate involved.
If you want a low-interest rate, you can go with a fixed-rate loan, however, this might not be the best option for you if you need the money to be available quickly.
If you want a high-interest rate, you can go with a variable-rate loan. This might be a better option if you need the money to be available quickly. However, you may have to pay more in interest over time.
Another option for RCS Loans for Blacklisted is to go with a loan that has an adjustable-rate feature. This means that the interest rate can change over time, depending on the interest rate market. This can be a good option if you want to lock in a low-interest rate, but you might have to pay more in interest over time.
Before an act passed by parliament some time ago, blacklisted people who wanted RCS Loans were finding it hard to pay back.
The ban RCS Loans for Blacklisted people exist to safeguard you, the customer, from being too leveraged and drowning in debt. The National Credit Act was used to prosecute credit customers who defaulted on their bills.
This Act has been in effect with respect to borrowing money since 2007. Lending institutions are required by the Act to verify your credit history and how well you manage your debt repayment. This implies that your credit profile reveals the amount of money you may borrow from Capitec bank. Capitec bank’s blacklisted loans are difficult to obtain.
RCS interest rate
RCS interest rate can be as low as 15%. The RCS interest rate charged RCS on a loan. It is a percentage of the loan amount and is sometimes negotiable by the customer.
When it comes to interest rates, there are a variety of options to choose from. But what is the best interest rate for you?
RCS Loan application requirements
RCS Loans for Blacklisted people should carefully read this portion as they may qualify after meeting the basic requirement.
- You must be at least 18 years old.
- Have a valid South African identification card or driver’s license.
- Provide a document to show you are working and earn at least R2000 per month.
- Have a bank account in South Africa that is active.
RCS online loan application benefits
You can easily get an RCS online loan application done online just by placing a call.
The RCS online loan application users also get to enjoy the following
- Fast, paperless application process
- Decision in seconds
- Cash in your account within 24 hours
- Flexible repayment options; choose from 12 to 60 months
- Free monthly statement via email or SMS
- Customer Protection Insurance
- Interest from as low as 15%
RCS loans contact Details
The RCS loans contact Details are PO Box 111, Goodwood, 7459
Head office: Golf Park 6 Raapenberg Road Mowbray, 7700, South Africa
RCS loans contact number
The RCS loans contact number can be called to start the RCS online loan application.
The RCS loans contact number is 0861-729727 or 0861-SAY-RCS
RCS loans Whatsapp number
RCS does not have an official WhatsApp number at the moment.
RCS Loans calculator
If you’re looking for a loan, the RCS loan calculator can help you determine how much you could borrow and what your repayments might be.
To use the calculator, simply enter the amount you want to borrow, the term of the loan and the interest rate. You’ll then see the monthly repayments and the total amount you’ll need to repay, this is not for blacklisted people who need loans from RCS.
It’s important to remember that the RCS loan calculator is only a guide and your actual repayments may be different. This is because the calculator doesn’t take into account your personal circumstances, such as your income and expenditure.
If you’re not sure how much you can afford to borrow, it’s a good idea to speak to one of the workers at RCS and they’ll be able to give you tailored advice based on your individual circumstances.
Currently, the RCS loan calculator does not exist.
People who read about the RCS Loans for Blacklisted people also read