Hoopla Payday Loans
Hoopla Payday Loans

Hoopla is an online broker that is trusted and reliable. Hoopla systems go through a range of quotes online and secure you a payday loan in just minutes. Hoopla makes use of South Africa’s most reputable brands such as from the banking sector and some of the other great lenders.

As soon as you complete an online application form, your pending submitted application will be seen by a number of trusted lenders in association with Hoopla Loans Company. As such, you stand high chances of getting your loan approved by at least one of the lenders through Hoopla.

Hoopla has a range of solutions for anyone with good or bad or good credit, even so, when you are being blacklisted.  A massive list of their lenders brings about a compound of different solutions. Hoopla is one of the best choices when it comes to payday loans. Hoopla doesn’t charge any fees for applying online and when one lender has approved your loan, your money will be sent directly into your account within minutes.

Take Note

*However, Please bear in mind that some lenders may take up to 4 days.

Requirements

In order to stand a chance of qualifying for a loan in one of the lenders through Hoopla Loans, you need to meet the following criteria:

  • You must over the age of 18
  • You must a South African resident and citizen
  • You must be permanently employed and have a minimum monthly income of R5 000
  • If you are under debt review, you will not qualify for a payday loan
  • You must agree to a credit check for affordability assessment

How does it work

Typically, payday loans are processed electronically using advanced technologies. Hoopla uses such a system to process your application loan in just under 5 minutes. Upon your application process, your details are instantly verified. As such, you will be profiled and matches you with a lender that best fits the requirement thereof the details provided.

These lenders will most likely approve your loan subject to their Ts and Cs.  Some lenders may not require proof of documentation as your credit profile will be good enough for them. The whole process will be done online, and as soon as your application has been approved, the lender will transact the amount borrowed to your bank account.

How to get a loan with Hoopla

  • Go to hooplaloans.co.za and complete a short online application form. Through this method, you will be proving personal information that’s 100% safe and secure, and thus helping you to get your loan approved quicker.
  • Your Application will be instantly reviewed by a panel of lenders through Hoopla. Your Application will be scored, and you get an instant reply.
  • You will have to accept the loan offer and sign the online application to finalize the application.
  • Money borrowed will be sent directly into your bank account through Hoopla within minutes.

What you should know

  • In some instance, your application may take up to 4 hours during office hours
  • Loan approvals will be sent through email, a call or an SMS
  • Interest rates are from 5% (However vary between each lender)
  • Hoopla is an online matching broker
  • Hoopla is not a lender
  • Applications are 100% online
  • Hoopla does not charge any fees
  • Your Data is encrypted
  • Hoopla Loans lenders are NCR licensed

Payday interest rates are high in South Africa, and it is often best to take up a payday loan only when it’s necessary. Hooplaloans.co.za is not a direct lender; they are simply a broker that offers free loan finding and other related services, Visit Hoopla Loans for more information.

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Author

  • Founder and Business Writer of iBusiness.co.za, (born June 28), a South African Business Reviewer and Blogger. A native of Ventersdorp, Mogopa Village (SA), often referred to as Zack. Let's talk iBusiness.

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