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Find The Best Short Term Loans and Apply Online Today!

Short term loans allow you to borrow money usually over 3 to 60 months and receive the money upfront for a personal purchase or emergency expense. At Hoopla Loans, we work with the best short term lenders in South Africa, helping you to borrow R100 to R250,000 and everything in between - with no upfront fees and bad credit scores considered too.

Our loan application can be completed online in less than 5 minutes and you can receive an instant decision on the screen from a lender who is ready to fund your loan. Simply click on the 'Apply Now' button below to get started and if approved, you can receive funds within a matter of hours or the same day that you apply.

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What is a Short Term Loan?

A short term loan is used for just a few months to help cover any emergency expenses, debt consolidation or make a personal purchase such as a car, home improvement or even a wedding.

Hoopla Loans offers short term loans in South Africa that are repaid typically over 3 to 60 months in equal monthly instalments. See also Gauteng and Western Cape.

Unlike a mortgage which is long-term, you will only have the loan for a few months or years, so you should have a clear purpose in mind and a plan to repay the loan on time.

You also have the option to repay early at any point and will often save money on the interest for doing so.

Hoopla Loans - The Key Features

  • Borrow R100 to R250,000
  • Repay usually over 3 to 60 months
  • 100% online application
  • Same day funding
  • Bad credit considered
  • Working with direct lenders

What is the Criteria for a Short Term Loan with Hoopla?

The criteria to apply with Hoopla Loans is that you must be:

  • 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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Where Can I Find The Best Short Term Loans?

Hoopla Loans can help you find the best short term loans online - and by using our online application, you can apply wherever you are in South Africa, including Gauteng, Western Cape and Pretoria.

Rather than going to your local bank and waiting in line for a decision, an online loans application gives you the opportunity to fast-track your application, get an instant decision and receive funds on the same day if you are successful.

We act as a broker, matching your loan application with a reputable direct lender who is ready and willing to fund your loan as soon as possible. All of our lenders are fully approved and licensed by the NCR - and they are on hand to process your loan application today.

How Much Can I Borrow?

We offer short term loans ranging from R100 to R250,000 and the amount you can borrow is based on factors such as your income, residential status, credit score and affordability.

Those with stable incomes and low-debt will usually be able to borrow higher amounts. Whilst a good credit score is recommended, we are always willing to consider people with bad credit and poor credit histories.

Is a Short Term Loan The Right Option for Me?

Yes, a short term loan can be an effective way to borrow money fast, especially if you need money for an emergency. Additionally, this type of product can be life changing if you need the money to buy a car or cover expenses for your children.

When deciding if it is right for you, you need to consider the amount you are looking to borrow and whether you can afford to repay on time. If you fall behind on repayments, this can incur extra fees and negatively impact your credit score. So always think about how you are going to repay on time and how to budget accordingly.

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Can I Get a Short Term Loan with Bad Credit?

Yes, we can offer short term loans for people with bad credit, with our partner lenders taking all kinds of credit histories and backgrounds into consideration.

To be eligible, you will need to have a stable income, employment and be able to afford repayments on time.

Whilst you may have had bad credit in the past, we all sometimes need the opportunity to prove our creditworthiness and if you are in a good position and prepared to make your repayments, our lenders will be delighted to consider you.

If you have bad credit, our loan providers may simply adjust the amount you wish to borrow or you may pay a slightly higher interest rate.

How Do The Repayments Work?

Our loans are repaid typically over 3 to 60 months in equal monthly instalments, so you know exactly how much you are repaying each month and how much you can budget for.

Every repayment is scheduled on a date that you choose - and most people choose the last working day of the month when they get paid from work.

All collections are made automatically from your bank account and you will be sent reminders on the run up to each repayment.

You will also have the option to repay your loan early at any point. So if you find that you have the funds to do so, you can simply contact the lender and clear your account in full - with no added fees for doing so.

How to Apply for a Short Term Loan Online with Hoopla Loans

You can apply for an online short term loan with Hoopla Loans, 24 hours a day, 7 days a week.

Our application form takes just 5 minutes and requires some basic information including how much you wish to borrow, how long for, your name, age, residence, income and employment.

You will receive a provisional quote on the screen and subject to further checks, your loan can be approved and transferred to your bank account within a few hours or the same day of applying. To get started, simply click on the 'apply now' button below!

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