To qualify for a bad credit loan from Hoopla, you must:
- Be 18 years of age or older;
- Hold South African citizenship or residency with a valid identification number;
- Have stable employment;
- Earn a monthly income of $4,000 or higher;
- Not be undergoing debt review;
- Consent to a credit check.
Proof of eligibility is required to demonstrate that you meet these requirements.
Where can you apply for a Hoopla Bad Credit Loan?
Hoopla acts as a loan facilitator rather than a direct lender.
When you apply for a loan to address bad debts, Hoopla will share your information with partner institutions who will evaluate your profile and provide you with suitable loan options.
To apply, visit the Hoopla bad credit loan website and complete the application form.
If there are loan offers that match your profile, the partner institutions will contact you to discuss repayment terms and interest rates that align with your agreement.
Key features of Hoopla’s bad credit loan include:
- Loan amounts ranging from R100 to R250,000;
- The time it takes to receive the funds depends on the requested amount;
- Interest rates are competitive with the market, but they may vary based on your credit history as a guarantee for the lenders;
- Discover if you qualify for a Hoopla bad credit loan today and put an end to your negative credit history!