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MoneyShop Credit Health Report

This report has been compiled using credit report data of clients who applied for credit via the MoneyShop platform between October 2019 and September 2020. Over 1m records...
Posted in Credit Report, Survey Results Articles, Surveys | Leave a comment

MoneyShop Savings Survey

Spring is in the air! It is a new month, it is a new season!  Please complete our survey so we can better understand how you save, and...
Posted in Borrow, Education Savings Accounts, Insurance, Money, Surveys | Leave a comment

The impact the Coronavirus has had on Rainbow Nationers

Jeez, this year has been a rollercoaster ride, hasn't it? Fingers crossed we've broken the back of COVID, and as we transition from a super-chilly and dreary winter...
Posted in Borrow, Money, Personal Loan, Survey Results Articles, Surveys | Leave a comment

Review: British Airways Credit Card

I really love the British Airways Avios reward programme, so I’ve always been looking for the best way to earn Avios via my credit card spend. Discovery Platinum...
Posted in Borrow, Credit Card, Money | Leave a comment

What is a Credit Bureau?

A credit bureau is a company, registered by the National Credit Regulator, that has the right to both store and selectively sell your credit data. A credit bureau...
Posted in Blacklist, Borrow, Credit Report | Leave a comment
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Read our Latest Insurance Articles

MoneyShop Savings Survey

Spring is in the air! It is a new month, it is a new season!  Please complete our survey so we can better understand how you save, and...
Posted in Borrow, Education Savings Accounts, Insurance, Money, Surveys | Leave a comment

Review Discovery Vitality Rewards Program

Consumers, myself in particular, are naturally sceptical of reward programs. Each brand is faced with trying to create a loyalty program that is different and competitive enough in...
Posted in Banking, Insurance, Medical Aid | Leave a comment

Review: InstantLife Insurance

After spending six years living in the UK, I returned home to South Africa to live in 2009. In the UK, buying insurance online was mainstream – nearly...
Posted in Disability Cover, Funeral Plans, Insurance, Life Insurance | Leave a comment

MoneyShop Youth Month Survey

June was Youth Month. And so we took a look at how a parents finances affect their children. The results are in, please see the results below. Also,...
Posted in Borrow, Education Savings Accounts, Insurance, Life Insurance, Medical Aid, Money, Surveys | Leave a comment

Review: Simply Life Insurance – Domestic Worker Cover

Nannies and domestic staff are such important members of our families. From helping raise our kids as we head to work, to assisting with cleaning, cooking and other...
Posted in Disability Cover, Funeral Plans, Insurance, Life Insurance | Leave a comment
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Retiring well means making the best savings descisions. Choose wisely. Start here.

Read our Latest Investment Articles

All you need to know about a Tax Free Saving Account

So you’ve heard the adverts on the radio, but is it true?  Can you really save money and then withdraw it tax-free? Are you eligible? If you are, how...
Posted in Invest, Money, Money Tip, Savings Accounts, Tax Free Savings Accounts | Leave a comment

MoneyShop Savings Survey

Spring is in the air! It is a new month, it is a new season!  Please complete our survey so we can better understand how you save, and...
Posted in Borrow, Education Savings Accounts, Insurance, Money, Surveys | Leave a comment

South Africa’s Top 6 Savings Accounts (from the top 6 SA banks)

Most of us are under immense financial pressure and recent statistics have shown that South Africans are among the worst savers in the world. As a way to...
Posted in Invest, Money Tip, Savings Accounts | Leave a comment

MoneyShop Youth Month Survey

June was Youth Month. And so we took a look at how a parents finances affect their children. The results are in, please see the results below. Also,...
Posted in Borrow, Education Savings Accounts, Insurance, Life Insurance, Medical Aid, Money, Surveys | Leave a comment

My experience in offshore investing

I’ve always been a big believer in investing a portion of my earnings offshore, mainly because I was born in Zimbabwe and I’ve seen many families (including my...
Posted in Financial Planning, Invest, Stock Market | Leave a comment
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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.

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Call us now on:
010-010-0220

WhatsApp us now on:
072-994-1518

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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.

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Let your
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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.