To apply for the Hoopla payday loan, the following requirements must be met:
- Age: Must be over 18 years old;
- Citizenship and Residence: Should be a citizen and resident of South Africa;
- Monthly Income: Must have a minimum monthly income of R 4000;
- Employment: Must possess a legal employment contract.
The following documents need to be submitted:
- Identity Document;
- Proof of Address;
- Employment Contract and Recent Paychecks;
- Bank Statements.
These documents and eligibility criteria are typically required during the loan application process. Additional documents may be requested as well.
Where can you apply for a Hoopla payday loan?
Hoopla acts as a loan facilitator, not a direct lender.
When applying for a loan with poor credit, Hoopla will share your information with partner lenders who will assess your profile and provide suitable loan options.
To apply, visit Hoopla’s payday loan page and complete the application form.
If there are loan offers that match your profile, the partner lenders will contact you to discuss repayment terms and interest rates that align with your agreement.
Key features of the Hoopla payday loan include:
- Loan amounts ranging from R100 to R8000;
- The time taken to release the funds depends on the requested amount;
- Interest rates are competitive, but they may vary based on your credit history and can be influenced by the lenders’ risk assessment;
- Repayment period typically ranges from 3 to 6 months.
Ready to take the next step and apply for your Hoopla payday loan? Take action now and submit your application!