Instant Personal Loans for Unemployed in South Africa

Say goodbye to financial stress with Gasta loan services.

  • Quick processes
  • Lower Rates
  • Instant disbursement
  • Flexible repayment

We all ask our friends or relatives for some cash when it is needed the most for urgencies like a car repair and paying off bills to avoid late payments charges. Unemployed people need cash even more as they have no source of income at present. They also have to make timely payment of many bills; some of them are unforeseen exposes. But unemployed persons of South Africa can rely on personal loans for unemployed to borrow the cash in the same day of applying of the loan. They are not subjected to any credit checks and they are not asked about the current employment status and still get the money in minutes.

We have contacts with the genuine cash loans or home loan lenders in South Africa. They are willing to provide the much-needed loan to the unemployed people without asking questions. We can arrange those lenders for you when you apply for the loan. We have a panel of financial experts who understand your cash needs. They will process your loan quickly and the loan amount will be in your account in the same day.

Who is eligible?

Being unemployed loan process become more challenging for you from the lender’s point of view because every lender lend money to an individual who can pay back fund on time. So if you are unemployed means you are in this situation where you don’t have running money coming every month end, but don’t worry some lenders give unemployed loans in the south africa but the condition is that you have good credit history in your  past. means you have paid your credit bill and other past debts on time in this situation you can able to get loan

Also keep in your mind that income doesn’t come regular job.  According to the IRS, there are other ways to show your earned income can include gig economy work, earn money from self-employment like (YouTube channel, freelance, small business, online teaching etc), benefits from a union strike, and some benefits of disability and nontaxable combat pay in the South Africa

If we talk about your unemployment status goes, you don’t have to worry about it. Most of the lender in the South Africa want you from you to prove that you can able to repay the loan amount easily on the fixed date. You can also prove that by showing your bank last three months statements. If you have some saving in your bank account that means you can pay off the loan In short Even if you have no job at hand, you are eligible to borrow cash from the lenders. But you must fulfill the following conditions.

Before apply the loan remember in your mind:

  • Your age at the time of applying for the loan should be above 18 years.
  • You must be a resident of South Africa.
  • You must also have a bank account in your name.
  • Active contact number or Email id

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How much cash can you borrow?

Though you are unemployed, you can still borrow enough money to meet your unexpected expenses. A typical personal loans online or easy loans ranges from R500 to R150,000. So, your urgent and unforeseen expenditures can easily meet with such an amount.

However, make sure that you borrow only smaller cash that is good enough to pay for your urgent expense. If you borrow a larger amount for the sake of it, you may end up paying more money to the lender in the form of increased interest charges. The personal loans South Africa are already expensive loans, which mean you should borrow an amount that you can comfortably repay in one or two weeks only.

When will you repay?

A fast loan for self-employed is a medium term loan. The lender will give you the date for repayment. The lender will fix the repayment date that is 6 months to 1 year. This means that you can repay the loan within 1 year. Because you are unemployed, the lender cannot fix the repayment date as your next payday. But these loans for unemployed people are treated as cash loans. This means that you can repay shortly in a few weeks as per your convenience.

However, note that the interest rate on these loans is usually expensive. This is because the lender wants to cover the risks as these are unsecured loans. So, you must pay back the loan on or before the fixed date. If you delay the repayment for many days, you will be paying a larger amount in the form of interest charges.

Bad credit is not a hurdle

Bad credit history implies that the borrower has multiple cases of late payments and payment defaults. Credit rating and the credit score of such people is very low. Not only that, some people are even blacklisted to take a new loan as they have serious debts against their name. But we can find out the lenders who are giving personal loans for bad credit guaranteed approval.

When approving a cash amount for such people, the lender will only verify their repayment ability. So, if you can prove that you are capable of repaying the loan shortly, you will be approved the cash. You can even get loans for blacklisted people.

So, even when your credit score is very low and on the top of that you are unemployed also, the lender will still approve your application for cash. We can arrange these lenders for you.

How to apply?

Applying for the loan is a quick and easy process. We have provided an online direct lender application at Gasta. You need to fill your basic details such as your name, email address, home address, loan amount etc. Then, you will also upload some documents online while sending the application.

The documents you need to upload include your bank statement of past three months at least. The statement will prove that you are able to repay the loan. Since you are not employed, you are not supposed to upload your monthly salary, otherwise, unemployed loan borrowers have to prove their monthly earnings also.

If you have a bad credit history, you can apply on the same application for borrowing personal loans with low credit score.

Once the lender considers you as the right candidate, you will get an email message or a phone call that your loan application and the cash have been approved. You will be asked to give your acceptance for the loan. As you accept the offer, the lender will deposit the cash in your bank account in a few minutes.

From the above process, it is clear that emergency loans for unemployed people in South Africa are easier to borrow just as you need it. All you are required to fill out our online application and you will have the loan processed right away. Your status of unemployment is not at all a hurdle with us. If you can prove your repayment ability, you will borrow the cash just in time. So, get your loan application started with us right now for the cash to deal with an urgent payment of a bill.

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Frequently Asked Questions ✍️

We’re here to answer your questions

How can I get financial assistance in a day?

Apply for a loan at Gasta and get the cash you need within a day. Our main aim is to offer you the money you need by helping you find the right loan deal by the lender you trust. Be it for pending bills, due rent or any unplanned travel expenditure, you can easily get the money you need within 24 hours of applying.

What are the preconditions that I will need to fulfil to qualify?

In order to qualify for our loan services you will need to meet just a few preconditions. You will need to confirm that you are a citizen of South Africa and have crossed 18 years of age. In addition you should also hold a valid bank account where lenders can deposit direct cash and be currently employed so that lenders can confirm your repayment ability.

Is it possible to qualify for a loan despite having bad credit status?

Of course it is! Having bad credit or poor credit will never hold you from qualifying for any of our loan services. You can apply even if you have not yet started building credit history. Lenders we work with are concerned more about your repayment ability than your past credit history. So, regardless of your credit status you can apply and receive the cash you need.

How long will I have to wait for approval?

For approval you do not have to wait for more than a few hours. Online application as well as approval procedure will help you get the cash you need fast.

Is it safe to apply online?

Yes, it is absolutely safe to apply online through us.

What if I need additional information?

For any additional information, feel free to contact us at any time.

It Takes Less Than 5 Min

We will try to connect you with a direct lender no matter what your credit score is.

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Gasta Benefits

There are many reasons behind choosing Gasta to fund your financial needs, and some are:

Gasta-loan-Benefits
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Speed

You can apply for online instant payday loans from anywhere by using active internet connection. There's no involvement of paperwork or any other hassle.

money

Money 24/7

From application to getting money from payday loan, whole process usually completed within few minutes. It means you can get cash quickly, especially during emergencies.

benefit

Security

Online payday loans are not just convenient and fast, but they are also safe and secure way of borrowing money. These loans are regulated by government laws.

no-paperwork

No Hard Credit Checks

There are no hard credit checks involvement with payday loans. It means, there is no need to worry about loan rejection due to bad credit score.

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Our partners

We only partner with NCR certified lenders