To be eligible for Hoopla’s short-term loan, you must meet the following criteria:
- Be at least 18 years old;
- Hold South African citizenship or residency with a valid identification number;
- Have a stable job;
- Earn a monthly income of $4,000 or above;
- Not be undergoing debt review;
- Consent to a credit check.
To demonstrate your eligibility, you will be required to provide supporting documentation as proof of meeting these requirements.
Where can you apply for a Hoopla short-term loan?
Hoopla serves as a facilitator for your loan, connecting you with suitable lenders rather than being the direct lender themselves.
To apply for a loan tailored to your specific needs, visit the Hoopla short-term loan website and fill out the application form.
Once you submit your application, Hoopla will share your information with their partner lenders who will assess your profile and provide you with appropriate loan options.
If a suitable offer matches your profile, the partner lenders will contact you to discuss repayment terms and interest rates that align with your agreement.
Key features of Hoopla’s short-term loan include:
- Loan amounts ranging from R100 to R250,000;
- The timeframe for fund disbursement depends on the requested amount;
- Interest rates are competitive with the market, but they may vary based on your credit history to serve as a guarantee for the lenders;
- Repayment periods of up to 60 months are available.
Ready to request a short-term loan from Hoopla? Access your funds today!