Rating based on 4 reviews

Payday loans offered by Hoopla

Updated

  • Payday loans up to R8,000
  • Repayment up to 6 months

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Hoopla homepage

Author Hoopla. Screenshot of Hoopla website. [Accessed June 22, 2020]

About Hoopla

Hoopla Loans is a trustworthy and reliable loan broker that will deliver the results you expect.

These payday loans are delivered through online platforms making it easier to apply and ensuring you get the cash you need when you need it.

We have only the most reputable South African banks and lenders on our panel. This means that when you apply through us, your online loan application is seen by a variety of trusted lenders.

Applying through Hoopla Loans means that your chance of approval is greatly increased.

And the benefit of this is that your credit score will not be affected as you’re not making several applications. You’re just applying through a broker who’s there to do the work for you.

High tech systems to offer maximum security

We know that most things have become digitized. This means it’s important for banks and lenders to do the same.

Hoopla Loans stay up to date with the latest high tech systems in order to give you the best experience.

Our services are secure and all your information is safe with us. Our websites are encrypted and have many safeguards - there to protect you.

Live payment updates

Our homepage is equipped with a small block that shows real-time loan approvals. This allows our customers to see how many fellow South Africans have taken out a loan with us.

It also shows our clients the varied amounts we’re able to offer from R100 to R20 000.

It gives you, the client, an idea of just how fast and convenient our quick cash loan approvals are.

Hoopla Services

Hoopla Loans aims to offer you as many services as we possibly can to make your life simpler.

We have a range of services but it’s important to note that we offer our payday loans to South African citizens and permanent residents with a valid ID. We’re a proudly South African company providing instant cash loans to all South Africans.

Declined by other lenders

If you’re struggling to find approval from other lenders and have been declined, we may still be able to help you. If you’re being declined due to blacklisting or poor credit records, we’re here to offer help you secure a bad credit loan.

Our loan types and flexible payment methods might help you build up your credit score. Our interest rates are perfect to suit your budget and your needs.

Fees and rates offered by Hoopla

It’s normal for all payday loans to have payment terms and interest rates and fees. The great thing about our loans is that all of our payment terms are flexible.

We also offer low-interest rates. But the best thing is that we don’t charge any extra fees. After your loan is approved you could have your money within minutes.

How to get a Hoopla Loan

In order to be eligible to apply for a loan, you must meet Hoopla Loan’s minimum criteria.

  • Be over the age of 18 years
  • Be a South African citizen
  • Be permanently employed
  • Have a monthly income of R5000
  • Not be under debt review
  • Agree to the credit check to begin the process

Our response will be quick and payment will take place within minutes or hours, in the case of short-term loans.

Hoopla Product Details

  • Loan Type Payday loans
  • Loan Amount up to R8,000
  • Repayment 1 month to 6 months

Summary of Services

  • Apply for a loan even with bad credit
  • Finance up to R8 000
  • Same day response to applications
  • Repayment periods up to 6 months
  • An approval rate of 84%
  • 100% free to apply

Why you should use Hoopla Loans for your payday loan needs

There are many payday lenders out there who want to offer you the same thing.

This can make it really difficult to choose a lender. This is why Hoopla Loans offers you our brokerage services. We source all the viable options that meet your needs.

We encourage you to take out a loan with our panel of lenders. We help you compare loans by looking at fees and interest rates to help you make the best decision.

Cover unexpected emergencies and costs

We offer our short-term loans to help you cover unexpected costs or financial emergencies. The purpose of our payday loans are to provide short term relief. This period ranges from 1-6 months.

Lenders will usually only lend a maximum of R8000 as a payday loan. This amount does not include other types of loans. These payday loans are a lifesaver but have higher interest rates than others. Ensure that you use this sort of loan efficiently and carefully.

We encourage responsible lending

We always encourage responsible lending that protects our customers from becoming over indebted. If you know you’ll be unable to pay the short-term loan back then don't apply for one. Always borrow what you need and no more.

Always repay installments on time as late payments will result in penalties. This will be the only time fees are included. Also, repaying your loan as quickly as possible means you won't pay as much interest.

It’s okay to pay more than the installment requires but you must never pay late as this may be reported to the credit bureaus and have a negative effect on your credit score.

Customer Reviews & Testimonials

October 2019

Hoopla Loans gave me so many options of lenders to choose from

Freddy M
— Johannesburg —

November 2019

My loan was approved within minutes and I had my money within days

East London
— Pepper C —

September 2019

The website is so easy to use

Siphokazi F
— Sandton —

Hoopla Contact Details

Contact Number

E-Mail

  • not available

Website

Physical Address

  • Office 2 Manhattan Corner, Century Way, Century City, Milnerton Cape Town Western Cape 7441 South Africa
  • Get Directions

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday 09:00 – 13:00
  • Sunday – Closed