Looking for Loans? Apply with Hoopla Loans Today! Bad Credit Avalible!
Have you ever felt the disappointment of being rejected for a loan due to poor credit? If you are in need of a loan for bad credit history, Hoopla Loans will provide you with a number of viable options. With loans ranging from R100 to R250,000, they work with a number of lenders, banks and alliances. In fact, some lenders only offer loans to people with bad credit to help them get the loan they need.
Hoopla Works with Direct Lenders
At Hoopla Loans they only work with direct lenders and your loan application will be processed, checked and funded by a legitimate company licensed by the National Credit Regulator (NCR).
Their role is to connect your loan with the lender most likely to accept you and offer the best rate. Your details are never given to any company without permission and the service is 100% free and always will be!
Key Features
• Borrow R100 to R250,000
• Repay typically over 3 to 60 months
• 100% online application
• Same day funds available
• Bad credit considered
• Working with direct lenders
What is the Eligibility Criteria?
• Over 18 years of age
• SA Citizen or Resident with ID number
• In permanent employment
• Earn a monthly income of R4,000 or more
• Not currently under debt review
• Agree to a credit check
What Can You Do To Improve My Chances of Approval?
There are a number of steps you can take in order to improve your chances of getting a bad credit loan. It is important to ensure that you have a stable and regular income as this will give you the opportunity to set aside funds for repayment each month.
In addition, if you are able to pay off any outstanding debts, this will undoubtedly help to improve your credit score, which in turn will increase your chances of getting a short-term loan. Whether you set aside money to pay off your debts or ask family or friends for help, it will certainly help to improve your score.
You should also consider closing any credit cards you don't need or closing any loans, as less outstanding credit will make you a more attractive loan customer.
How To Apply?
They offer a completely online application process from start to finish. Once on the application page, fill in some details and you will receive a decision immediately. Upon further verification, your loan can be approved and if it is successful, the funds can be transferred to your account the same day.
Frequently Asked Questions (FAQs)
Do they have bad credit loans for emergencies?
Yes, Hoopla Loans offers emergency bad credit loans to help people who are in dire need of funds for emergencies such as car repairs, medical bills and more. Their loans are made entirely using an online application process, and if you are successfully approved, the funds will reach your account within a few hours.
Can they Provide Bad Credit Loans on The Same Day of Applying?
Yes, Hoopla can provide bad credit loans the same day, sometimes in just a few hours. With a completely online application and funding process, their lenders can make same-day payments. You can apply for a bad credit loan 24 hours a day, 7 days a week from your desktop, cell phone or tablet.
Can I Get a Guaranteed Bad Credit Loan?
Hoopla Loans cannot guarantee that a loan will be forthcoming as each application has to go through a series of checks. As a responsible credit broker, they need to ensure that each client is able to repay the loan without getting into financial difficulty, and therefore require clients to be employed and on a regular income, with an overall approval rate of 84%!
Whilst there are no guarantees on bad credit loans, they work with a number of reputable lenders who will consider bad credit and bad credit history.
How Fast Can I Get a Loan for Bad Credit?
Hoopla Loans can provide quick bad credit loans that are usually funded within hours of application or on the same day. For small loans such as R500 or R1,000, this can usually be done very quickly, but if you are looking to borrow a large loan such as R50,000, R100,000 or R250,000, the processing time can take a little longer, possibly as little as a few days.