HopOn Short-term Loans
HopOn Loans is the latest new short term loan company in South Africa promising to offer customisable loans to people in need of anything up to R 20 000, with repayment periods of up to 15 months.
HopOn Loans was previously known as Izwe Loans and the company has been offering loans in South Africa since as early as 2004 and aim to fill a gap in the market for consumers who need flexible short term loans solutions to cover unexpected expenses relating to homes, businesses and education amongst other things.
In 2015 HopOn Loans was created as a full online offering and its simple online system allows the company to make accurate credit decisions quickly, so that you get approval decisions quickly and don’t have to go through the hassle of filling out mountains of paperwork in your local bank.
How to apply for a HopOn Loan
In order to apply for a HopOn Loan, simply use the sliders to select the ideal amount and duration for repayments. Next, check that the Interest & Fees are affordable and once you’re happy with the details, simply click “Get started now”.
In order to successfully fill out the HopOn loan application form, you should make sure you meet the following ciretria:
- Have a South African ID number
- Be 22 to 60 years old
- Be employed full time
- Have a personal bank account in your name
- Have an email address and a cell phone
- Have permission from your spouse if you’re married in community of property or under customary or foreign law
Your application will then be asessed in line with your financial situation and if HopOn are confident that you can meet the monthly repayments, the funds will be deposited in your bank account.
The cost of a HopOn Loan
You can use HopOn’s Disposable Income Calculator to work out how much money you have available each month to pay back your loan. This then gives you an idea of how much you can afford to repay each month. Use the sliders on the loan application page and adjust the projected repayments accordingly.
HopOn Loans is totally transparent with the added extra costs, interest repayments and fees so make sure you take note of these during the application process. HopOn Loans are dedicated to be completely transparent with no hidden costs.