Let’s start!

Borrow
Insure
Invest
Learn
  • Personal Loans
  • Credit Cards
  • Short Term Loans
  • Debt Consolidation
  • Latest Articles
  • Free Credit Report

Read our Latest Credit Articles

MoneyShop ‘Covid-19 and Your Finances’ Survey

There is no doubt that Covid-19 and the lock-down is destroying our economy.  And some people in particular are being hit hard. Our survey for this month looks...
Posted in Borrow, Money, Surveys | Leave a comment

Should you ask your bank for a payment holiday? I did! This is what happened

Level 5 of the National Lockdown may be over, but we still have a long road ahead. During this uncertain time, many people have lost their jobs, and...
Posted in Banking, Borrow, Home Loans, Personal Loan | Leave a comment

Why is my credit score important?

A credit score is a very powerful piece of information. It is a single number, linked to your personal South African ID number, which is quite possibly the...
Posted in Borrow, Credit Report | Leave a comment

What is my credit report and how is it different to a credit score?

A credit report and a credit score are often used interchangeably. But, while they are related and you get both from a credit bureau, they are actually two...
Posted in Borrow, Credit Report | Leave a comment

What is a credit score and how does it work?

Your credit score is a single number (usually out of 1000) linked to your South African ID number, which represents how likely you are to repay your credit...
Posted in Borrow, Credit Report | Leave a comment
Check your score. Improve your score. Improve your life. Try it free now.
  • Car & Home Insurance
  • Life Insurance
  • Funeral Insurance
  • Legal Insurance
  • Health Insurance
  • Medical Aid
  • Motor Warranty
  • Latest Articles
  • Insurance Savings Report

Read our Latest Insurance Articles

How Discovery Health Can Help You During Lockdown

This virus, and the lockdown that seems to be dragging its heels, have completely altered our way of living and for many of us, it’s severely affected our...
Posted in Insurance, Medical Aid | Leave a comment

Jobless with Loans to Pay? Check if your Credit Life Policy includes Retrenchment Cover

Now that the nationwide lockdown restrictions have been eased from phase 5 to phase 4, some of us will be able to go back to work. The reality,...
Posted in Insurance | Leave a comment

Want to reduce your car insurance premiums during lockdown? This is what happened when I did.

As uncertainty looms and questions clutter our minds about how to cope during the global Covid-19 crisis, consumers are looking at different ways to save money. One way...
Posted in Car Insurance, Insurance | Leave a comment

Need to attend a funeral? But what about the COVID-19 lockdown?

At the time of writing this blog post, we are all still holding our collective breathes, aren’t we? Will the lockdown end, or will Government enforce further “stay-at-home”...
Posted in Funeral Plans, Insurance | Leave a comment

Can you take out life cover during this COVID-19 crisis?

Fingers crossed this self-isolation strategy takes the sting out of the rampant COVID-19 virus and more carefree days are not too far off. It’s going to be a...
Posted in Insurance, Life Insurance | Leave a comment
Find yourself insurance savings. Try our propriatary (and free) report now.
  • Reports & Calculators
  • Tips & Articles
Retiring well means making the best savings descisions. Choose wisely. Start here.

Read our Latest Investment Articles

Serious About Saving For Your Kid’s Education? – Here Are 3 Easy Steps To Follow

It costs a lot of money to send your kids to school. It costs even more to send them to University. But you know this already, so we’ve...
Posted in Education Savings Accounts, Invest | Leave a comment

4 Types Of Investment Funds You Can Start Thinking About This January

It sounds like a bit of a cliché, but times are still very tough for millions of people across our country. Presently, South African consumers owe a staggering...
Posted in Invest, Money | Leave a comment

Investing in Tax-Free Investments when returns seem flat

So, you’ve been investing in your tax-free investment for the past few years and it seems as if nothing is happening. The only growth you can see is...
Posted in Invest, Tax Free Savings Accounts | Leave a comment

Can you invest in a Retirement Annuity if you only have R300 a month to invest?

Picture it - no more need for that alarm clock, no rush hour traffic to deal with, no KPIs or deadlines to meet, and no boss to answer...
Posted in Invest, Retirement Annuities | Leave a comment

How much will I be taxed if I withdraw my pension fund monies?

It’s estimated that before you reach the age of forty, you might already be into your 10th job! By the time you contemplate retirement, that figure will probably...
Posted in Financial Planning, Money, Retirement Annuities | Leave a comment
  • Money Reports
  • Tips & Articles

Join thousands of South Africans

MoneyShop Numbers

Loan Value Disbursed
Loan Applications Per Month
Insurance Policies Sold
Insurance Quotes Per Month

* These numbers are accurate as of 30 January 2020. These numbers are combined numbers from the Olico Group who own and operate MoneyShop.

Let’s chat!

Schedule a call back, call us or WhatsApp us. You decide.

Let us call you
when it suits you

Call us now on:
010-010-0220

WhatsApp us now on:
072-994-1518

Get a free money report

Understand your money better. Try one of our unique (and free) money reports.

How we work and what we do

MoneyShop is SA’s largest loan and insurance finding service, helping over 200,000 clients per month.

Using artificial intelligence, we match the right lending, insurance and investment products to the right people at the right time.

  • Your trusted money partner

Let your
finances
work for
you.

Money tips & articles

Frequently asked questions

Interest and loan size will vary from provider to provider. Our loans are broadly categorised into:

 

Personal Loans

  • Typical terms: 12-72 Months
  • Typical interest rate (APR): Between prime and 27.5% per year
  • Typical loan sizes: R10,000-R250,000

Short term loans

  • Typical terms: 2-6 Months
  • Typical interest rate (APR): Between prime 3% and 5% per month (36-60%)
  • Typical loan sizes: R1,000-R8,000

If you are shopping for a loan you have 2 options:

  • Apply for a personal loan. We will do all the heavy lifting and find the right loan for you.
  • Get a free credit report. We do a full analysis of your risk profile and give you detailed information (based on your profile) of which lenders are likely to give you a loan and also what typical loan sizes people like you typically receive.

In order to qualify for a personal loan you will need to have the following:

  1. A South African ID
  2. A minimum income of R4,000 per month
  3. You will also need to pass a credit check.
  4. You must not be undergoing debt counselling

No, MoneyShop is not a loan provider. We simply find the best loan suited to your profile with SA’s top loan providers. We have partnered with SA’s top insurers and personal loan providers to make your online application process for financial services – such as loans, funeral plans, car and home insurance and hospital cover quick and easy! Best of all, our service is free!

Short answer: Maybe, but it depends on how ‘bad’ the blacklisting is.

 

Long answer: Technically there is no such thing as a ‘blacklisting’. It is a term that is used to cover a whole range of different negative indicators on your credit report. So lets break those down:

  • Missed a few payments / Bounced debit order. Missing a few payments on its own wouldn’t disqualify you from getting a loan.  But it would depend on the ‘badness’ of those missed payments.  For example, missing one or 2 payments for a month or 2 is not the end of the world and you will probably still be eligible for a loan – all be it at maybe a higher interest rate.
  • Going beyond 60-90 days on repayments. If you go heavily into arrears on the bulk of your account payments (especially if you are still in arrears). This could disqualify you from getting access to credit.
  • Judgements. A judgement is a where a court has declared you owe money to a company. Like with missed payments, having a judgement on it’s own is not necessarily going to disqualify you from getting a loan. It depends on the ‘badness’ of the judgement.  Which usually means if it is a large judgement (say more then R10,000)  or a recent judgement (say in the last 2 years) then you are unlikely to get credit. But small and/or old judgements usually will not disqualify you on their own.
  • Debt counseling. It is illegal to lend to someone who is going through debt counseling in South Africa.  As such, this will disqualify you from getting any more credit.

If you are unsure what you credit profile looks like we highly recommend you get a free credit report now.  This is your start to financial fitness.