Hoopla loans

Amount 100 - 250000 R
Interest from 28 %
Loan term 60 days - 5 years
Hoopla loans


Quick overview

✅ Amount: 100 - 250000 R
✅ Interest from: 28 %
✅ Loan term: 60 days - 5 years
✅ Loan processing time: 15 minutes
✅ Applicant's age: 18 years

For the purpose of providing an example of the rates and terms, if you borrow R15,000 over 15 months at a fixed rate of 28% per annum, with an admin fee of R68.40 per month as well as an initiation fee of R1,197 the charges would amount to a representative rate of 68% APR (fixed). The total amount repayable would be R22,717.

What Hoopla loans have to offer

This is what is great about Hoopla loans. The loans that they are offering. Not only are their interest rates not high at all, but they are offering different amounts and different repayment periods. Their interest rate starts at 28%. It is a bit higher than with the other lenders. You can lend any amount between R100 and R250 000.

With the repayment, you can choose to repay them from two months up to 60 months. Processing time is within 15 minutes. A great option if you require cash immediately. Payouts are done right after approval.

Loan requirements

It is important to know what the requirements and criteria are for you to apply for a loan at Hoopla loans. Because they are registered with the NCR, their criteria are strict. But if you are looking for a lender, it is important to choose a lender that is registered with the NCR. Even if they have strict criteria. These are the loan requirements for you to apply for a loan and to be considered.

  • You must be older than 18 years of age
  • You need to have a valid barcoded South African ID
  • ust be permanent employed with a monthly salary of more than R 5 000
  • Need to be able to prove that you can afford the repayment of the loan
  • Credit checks will be done
  • Need to give proof of residence and three month’s bank statements

Hoopla loans review conclusion

Hoopla loans have some positive and negative reviews. The negative reviews aren’t serious and this is normal negative things that everyday people are writing about. This isn’t serious and is most people that are angry because their application was declined.

Most people that reviewed Hoopla loans said that this is a trustworthy and legitimate service that is ensuring that any type of loan will be approved in no time. And, that you will be able to get the money in your account the same day. Making sure that you can use the money for any purpose.

Hoopla Loans is one of the older loan services that you can use. Offering you great service, different loan amounts, and reasonable interest rates. If you meet the criteria, this is a great option to get money for emergencies that you can repay within 60 months. This is a great option for medium-term loans for those expenses that you didn’t know you are going to have. Just remember that you need to make sure that you can afford the repayment before this is something that you consider applying for.

What is your experience with this loan provider?

Used short small loan. Good service.
Reviewed 10. 05. 2020