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Tuesday, 23 July, 2024

Apply for a Personal Loan with Hoopla Loans Today!

Personal loans can be an effective way to borrow money for everyday purchases and expenses and Hoopla Loans offers a fully online application so you can apply and receive funds today!

You can borrow R100 to R250,000 and repay usually over 3 to 60 months - with no upfront fees and no impact to your credit score.

We are able to take all kinds of credit histories into consideration, including bad credit and we have partnered with a number of reputable lenders in South Africa to help you get the best personal loans possible today.

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What is a Personal Loan?

Personal loans are a great way to raise extra money for non-emergency related purposes such as renovating your home, paying for a wedding, or a car, or even paying for a holiday. Most people generally apply for personal loans through their own bank, however, it can be a lot more practical and faster to apply online.

With a personal loan you are generally able to borrow a much higher amount compared to a payday loan or a short term loan as the repayment period is usually much longer, giving you time to comfortably repay over an extended time. A typical repayment period for this type of loan would be anywhere from 6 to 36 months, or longer.

What is The Criteria for a Personal Loan?

  • Over 18 years of age
  • SA Citizen or Resident with ID number
  • In permanent employment
  • Earn a monthly income of R4,000 or more
  • Not currently under debt review
  • Agree to a credit check

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How is Hoopla Loans Different?

Hoopla Loans is a credit broker and we have partnered with some of the best personal loan companies across South Africa, including banks, unions and private lenders.

By completing our online application, we are able to match your loan requirements and personal circumstances with the lender who is most likely to approve you and offer you the most affordable rates.

Our main aim is to help you get accepted for a loan, saving your time, effort and money too. Offering a completely free service, we have helped thousands of South Africans to date and are proud to offer a clear, transparent and responsible service which is regulated by the NCR.

How Can I Get a Fast Personal Loan Today?

If you are looking for a quick personal loan within 24 hours, there are a number of ways to speed up your application.

Check the criteria - The eligibility criteria requires you to be a full-time SA resident and earning a regular income through your employment. If you have a regular salary, this will certainly maximise your chances of being approved and getting the funds you need. Whilst we do consider bad credit, there are some quick wins you can do to improve your credit score and this will only help your application.

Apply during work hours - Hoopla Loans allows you to apply 24 hours a day, 7 days a week, but for some lenders that like to carry out extra checks, these are likely to be done during Monday to Friday from 9am to 5pm. So if you need a fast loan now, then applying during regular hours might be recommended.

Be ready and available - Some of our personal loan providers will need a quick phone call with you or require a copy of a payslip or bank statement. So making sure that you are available and next to the phone and your emails when you apply can certainly help speed things along.

Can I Get a Personal Loan with Bad Credit?

Yes, we can offer personal loans for people with bad credit scores and histories, since we are happy to take into account other factors such as employment and income.

You just need to make sure that you can afford to repay your loan on-time, so if you have a stable job and not too much outstanding debt, our partners will be delighted to consider your application.

You must be committed to repaying your loan on time - and if you have very poor credit, your loan amount may be slightly adjusted or you could be charged a slightly higher rate. See Loans for bad credit.

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What Happens if I Cannot Repay My Loan?

It is important to understand the implications if you cannot repay your personal loan.

All of our loans are unsecured, so you can have peace of mind that your car, home or any other property will not be repossessed or taken away from you.

However, there may be some late fees applied to your loan if you are in arrears and this may negatively impact your credit score.

If you are having financial difficulty, it is always important to speak to the lender as soon as possible who may be able to lower any extra charges or default fees.

How Can I Apply for a Personal Loan with Hoopla Loans?

At Hoopla Loans, we make it extremely easy for you to secure the funds you need in the shortest period of time. Unlike the major banks, we allow you to apply for a personal loan in the comfort of your home, all online through our website. With us you can apply for up to R250,000 quickly and easily.

By doing just a simple 5 minute application will allow you to reach all lenders on our panel who will instantly review your details and make you a loan offer. If successful, you could get a decision in just a few minutes.

Some lenders may require paperwork from you such as copies of your identity documents, salary slips from your employer, or copies of your latest bank statements to prove your income. Once fully approved, you would be required to sign your loan agreement documentation before funds are released. Funds are paid directly to you by the lender, allowing you to make immediate use of your loan - and can be available in just a matter of hours or the same day of applying.

To get started, simply click on the 'apply now' button below!

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