Rating based on 20 reviews


  • Personal loans bad credit up to R200,000
  • Low-interest starting from 28%
  • Repayment up to 60 months

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Author Iloans. Screenshot of Iloans website.
[Accessed February 20, 2019]

Iloans - Quick personal loans

ILoans was designed to bring you the money that you need when you don’t know where else to turn. If you have applied for a hundred personal loans from a hundred different loan companies and everyone has said no then it is time to send your application to us.

Our motto is to say yes more often because we understand how it feels when no one wants to take chance on lending you money.

Applying for a loan in South Africa is much more common than you would think and there are thousands of people that use loan every year to make ends meet.

Our service is different because we have been in your shoes before and we know how it feels to desperately need money when no one else will help you.

We will find you a loan

Our experts are trained to find you a bad credit personal loan, we will find you the best deal regardless if you have been blacklisted or not.  

The network of lenders that we have partnered with, are all registered with the National Credit Act and follow the rules and regulations set out by them.

Between our wide range of partners and our experts, we are guaranteed to find you a bad credit loan.

To apply complete the online application form with the following details:

  • Your South African ID number
  • Your first and last name
  • Your cell phone number and your e-mail address
  • The amount that you would like to borrow

Easy unsecured loans

Our quick cash loans allow clients to borrow up to R250 000 without needing to put up any sort of collateral to secure their loan.

When you have a bad credit score sometimes you could consider applying to a loan shark if you are really desperate. These types of loans usually charge you very high interest rates and offer terms and conditions that are difficult to maintain.

Our loans are different

Iloans are different, we are not loan sharks and we do not want to put you in an even worse financial position than you were before. Our aim is to help you out in your financial time of need, not to make your need for financial help even greater.

Our bad credit personal loans are reasonably priced and our terms and conditions are flexible and can be customised to suit your budget. We will help you design a loan contract that is easy to manage and allows you some breathing room to repay your loan.

Repay your loan easily

To help make sure that you don’t miss any payments we will set up a direct debit on your account that automatically runs on your salary payment date. To remind you when your short-term loan payment is due, we will send you a reminder SMS and e-mail a few days before.

Let us know about changes in your financial situation

If you are having a very bad month due to unforeseen expenses or a sick kid, let us know. Our aim is to help you as much as we can. If you tell us your problems we will do everything in our power to assist you where we can, we can arrange for you to pay a smaller instalment amount and try to limit any penalty fees that you are charged.

Iloans – Personal bad credit loan

  • Loan Type Personal loans bad credit
  • Interest Rate from 28%
  • Loan Amount up to R200,000
  • Repayment 3 months to 60 months

Benefits of Iloans

  • Bad credit loans
  • Affordable repayments
  • Loans up to R200,000 

Personal bad credit loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This loan calculator is for illustration purposes only.
The use of this quick loans calculator is subject to our terms of use.

Iloans - Debt consolidation can help you

If you are in deep debt and you fear to have your stuff repossessed or you don’t know where your next meal will come from, you should consider applying for a debt consolidation loan.

the first step would be to get in touch with a debt counsellor so they can let you know exactly how much you owe and what the consequences of non-payment are.

A debt counsellor can help you in the following ways:

  • Once you have applied for debt counselling you are protected by the law. You have acknowledged that you have a financial problem and are seeking help. This means that debt collectors can’t put a garnish order on your pay or file any judgments against you.
  • Applying for debt counselling will put a stop to those traumatic phone calls from your creditors
  • Our debt will be accumulated into one account so that you only have one loan to pay instead of multiple creditors
  • Debt counselling could help you reduce your bond with up to 20% or your vehicle with up to 30% while you could reduce your other debt by up to 50%

You will be able to save money in the long run on late fees and penalty charges as well as the interest fee that you will be charged.

Advantages of choosing a debt consolidation loan

The main advantage of a debt consolidation loan is the fact that your existing debt is wiped clean and you have a fresh slate.

You will still owe the amount that we have lent you but you will be able to budget better and make smaller more manageable instalments on the personal loan for bad credit over a much longer period of time. You won’t miss payments on multiple loans and be charged multiple late fees and other charges. A debt consolidation loan can help you get your finances back on track.

Customer Reviews & Testimonials

April 2019

Ensuring that you get an affordable loan is one of the first characteristics Iloans will do to ensure that you get ahead.

Gregory P
— Brits —

January 2019

There is always something worthy of learning at Iloans when it comes to managing your finances.

Esther L
— Vereeniging —

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