Square Finance Review

Square Finance offers a simple and user-friendly platform for individuals seeking financial assistance, including those with bad credit. Founded in 2010, their goal has been to create a leading consumer finance service built on traditional lending principles. Over the years, they’ve developed a reputation for offering a wide range of loan products, including bad credit loans.

Location and Background

Square Finance is based in Cape Town, South Africa, and has been serving customers since its establishment in 2010. The team consists of experienced loan professionals who are ready to assist with a variety of personal loan needs, making the process straightforward and supportive for borrowers.

Support for Bad Credit Borrowers

The company operates with business principles that are practical, attainable, and realistic. With a strong network of investors, Square Finance offers solutions for individuals who have been denied loans from traditional lenders. Their bad credit loans provide a much-needed opportunity for borrowers who struggle with conventional financial institutions.

Core Business Values

For over a decade, Square Finance has upheld four key values: simplicity, responsibility, transparency, and fairness. These values form the backbone of their business and their lending solutions, ensuring that customers experience a fair and clear process, especially when dealing with bad credit loans.

Affordable Bad Credit Loans in South Africa

Square Finance’s bad credit loans are designed to be both accessible and affordable for their customers. There are no hidden fees or unexpected costs; the loans function exactly as promised. The company believes in second chances and strives to treat every customer with the respect and understanding they would want for themselves, making them a reliable choice for those in need of financial assistance.

Eligible South African citizens can apply for a variety of personal loans through Square Finance.

Square Finance offers unsecured personal loans, catering to both individuals with a strong credit history and those in need of bad credit loans. Their range of loan products is designed to meet diverse customer needs, with loan amounts from R1,000 to R10,000, repayable over 12 to 60 months, depending on the borrower’s preference.

Extensive Mortgage Loan Options

For homeowners looking to leverage their property, Square Finance provides mortgage loans, allowing borrowers to access funds by using their home equity. Even with a bad credit score, South African homeowners or Buy-to-Let property owners can qualify for mortgage loans of up to R500 million, providing significant financial flexibility.

Support Through Guarantor Loans

For customers needing additional backing, Square Finance offers guarantor loans with amounts up to R3 million. These loans require a third party, typically a South African homeowner, to act as a guarantor for repayments. This product serves as an option for borrowers who may not qualify for traditional loans on their own.

Business Loans for Entrepreneurs

Square Finance also supports business owners with its comprehensive business loan options. From established enterprises to start-ups, business loans ranging from R50,000 to R500 million are available across South Africa and other African countries. These non-regulated business loans provide versatile financing solutions, accommodating borrowers with both good and bad credit histories.

With a straightforward online application process, Square Finance ensures that customers can quickly find the financial assistance they need, whether for personal or business purposes.

How to Apply for a Loan

1. Choose the loan type you wish to apply for.
2. Use the sliders to select the amount you want to borrow.
3. Choose a repayment term that suits your financial situation.
4. Complete the online application form by entering your personal details and required information.
5. Submit the application, and you will receive a response shortly after.
6. If approved, you could access the funds as soon as the same day.

Bad Credit Loan Requirements

• The minimum loan amount for bad credit loans is R10,000.
• The maximum loan amount you can apply for is R3 million.
• Applicants must be at least 21 years old, with a maximum age limit of 70 years.
• Applicants must have lived at their current residence for at least two months.
• Loans are available in South Africa and other African countries.

Benefits of a Bad Credit Loan

• Competitive interest rates for bad credit loans.
• Loans up to R3 million are available for eligible applicants.
• Flexible repayment terms ranging from one to ten years.
• Fixed interest rates ensure that your repayment amount remains consistent over the loan term.
• Even individuals who are blacklisted or have been banned are eligible to apply for a loan.