Rating based on 43 reviews

Hoopla Loans

Updated October 14, 2024

Short-term loans up to R250,000
Low-interest starting from 20%
Repayment up to 60 months

Hoopla Loans homepage — Author Hoopla Loans. Screenshot of Hoopla Loans website.
[Accessed December 8, 2022]

About Hoopla Loans

Nothing is as frustrating as looking for credit and struggling to find a financial provider that will be able and willing to meet your needs.

Hoopla Loans might just be your financial knight in shining armour. This is because they'll do whatever they can to ensure you get the most affordable personal loans.

When is the perfect time to apply for a loan?

One of the reasons Hoopla wants you to trust their services is because they want to develop a good relationship with you and maintain their great reputation.

What is even better is that there is no waiting period when you apply for credit online. As soon as you see that you're in a financially tricky situation with little to no alternatives, get in touch with Hoopla!

Hoopla understands your financial needs

Financial challenges come and go and they can happen to the most frugal of spenders. This is the reason why you shouldn’t feel bad about taking out a loan or simply finding yourself in a difficult position.

Nobody should go through problems alone and that is why Hoopla Loans are available and ready to help - whether you need a bad credit loan or vehicle finance.

Hoopla Loans Services

It's important to ensure that you meet the credit requirements - even when applying for a bad credit loan.

For starters, you need to ensure that you're above the age of 18. Secondly, you have to be employed and should be earning a regular income that's paid into your personal bank account.

Can I apply for a large amount of money?

If you're applying for Hoopla loan services for the first time and you meet their lending requirements, as a first-time client, you'll only be liable to take out a certain amount of money.

However, if you've been using Hoopla Loans for quite some time and you're already on their database, it will make the process slightly easier as you can log in and apply instantly.

The minimum short-term loan amount you can apply for is R100 and the maximum amount is R250,000. The repayment terms are between 3 to 60 months.

Ensure that you can afford a loan

It's critical that you only apply for the loan that you need and nothing else.

Regardless of how much you qualify for, you need to be able to pay for personal or car finance with ease at the end of the month.

Hoopla Loans – Short-term loan

Loan Type Short-term loans
Interest Rate 20 – 29.25% p/a
Loan Amount up to R250,000
Repayment 2 months to 60 months

Benefits of Hoopla Loans

Finance up to R250,000
Same-day response to applications
An approval rate of 84%
100% free to apply

Short-term loan calculator

Hoopla Loans makes finding a loan simple

The term of the loan will depend on how much money you're applying for as well as on your budget.

If you're looking for a small amount of money, you can take up to 6 months to settle one of Hoopla's payday loans. However, if you're interested in something that's more long-term, you may choose a term of up to 5 years to pay off the loan.

Why does Hoopla require documents during the application process?

The reason Hoopla requires certain documentation such as your recent payslip and bank statements is so that they can confirm your details, income, and expenses and approve your quick loan application.

Furthermore, they want to see if you are going to be able to meet the financial obligations of paying for a loan.

When will I know about the outcome of the loan?

Hoopla processes are largely automated. They'll ensure that you know about the outcome of your loan application within one business day (at the most).

Working to ensure that you get ahead

Technology has enabled Hoopla to make their personal and car finance process fast and efficient. Everything is done in the comfort of your own home or workplace.

There is no need to take time off work because everything is finalized online. Hoopla will ensure that you get a credit plan that you can afford to pay without experiencing any hassles.

Meeting the terms and conditions

If you want to fast-track your credit request, you need to be able to meet the requirements set by Hoopa Loans.

This way, you'll be able to get a response in the shortest turnaround because you adhered to the finer print without any difficulty. Give Hoopla a call today and let them help you during your time of need.

The Hoopla criteria for a short-term loan

Earn at least R4,000 per month
Be permanently employed
South African ID document/Smartcard
Be at least 18 years old
Not under debt review
Submit a credit check

Customer Reviews & Testimonials

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May 2019

I rarely come across good customer service at the level of Hoopa Loans. Keep doing what you’re doing.

Trisha M
— Durban —