Thursday, April 16, 2020

Hippo Loan Review | Contacts, Requirements, How To Apply

Hippo Loan Review 

Hippo Loan is an online personal loan money lending platform in South Africa that is associated with an unsecured loan. 

It is a great way to get cash when needed for an emergency, home improvements or leisure activities like weddings and holidays.

Hippo Loan offers Personal loans which range between R1,000 and R200,000 with a minimum repayment of 12 months, and a maximum repayment period of 72 months.

Repayments are typically calculated at 27.5% interest per annum. Once you have applied and received a loan, you will need to pay back the personal loan in monthly instalments over your chosen period.

How Does Hippo Loan Works?

1. Visit the official hippo Loan website select for hippo perosnal loans or business loan depending on the kind of loan you want to apply.

2. Enter the loan amount you need and it's repayment terms, their Loan amounts range from R5,000 to R150,000 (in increments of R1,000).

3. Monthly repayments on all loans are calculated at a 27.5% interest rate | ** A service fee of R69.00. | This calculator is for illustration purposes only.

4. Apply and get cash disbursed straight to your account within minutes.

Requirements To Get A Loan With Hippo Loan 

1. A Bank Account 

Yes. Our partners will need to verify that your salary/income reflects in your bank account every month. It is, therefore, important to provide the bank account details where your salary is deposited into.

2. Age Limit 

To apply for hippo perosnal loans you need to be at least 18yrs old

3. ID Number 

In order to find the best deal for you, we'll need your 13 digit South African ID number to perform a credit reference check in order to calculate a personalised loan offer for you.

4. Documents 

When applying for a Personal Loan, you may be asked to provide the following documents:

• Copy of your green barcoded ID.
• Three months' bank statements.
• Proof of residence

How To Repay Loans From Hippo Loan 

The repayment method will depend on the selected service provider. Most credit providers prefer that the repayments be deducted by debit order from the bank account into which your salary is paid.

Hippo Loan has proved to be one of the best loan providers in South Africa connecting thousands of South Africa's to a qualified loans service providers without collateral.
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