Best loans online in 2022

HopOn - description of the lender

hopon

Loan amount

R5000 - R50000

Loan term

7 - 36 months

HopOn - description of the lender

Representative example

Loan amount: R15 000, Loan term: 15 months, Monthly service fee: R68.50, Credit life on the capital value and initiation fee: R1197, Initiation fee calculated at 16.5 % on first R1000, +10% on any value above R1 000 to a max of R1197, Total cost repayable : R22717, APR 68 %

Age restriction

22 - 60 years old

Requirements

  • - Have a South African ID Number;
  • - Be between 22 and 60 years old;
  • - Be employed full time;
  • - Have a personal bank account in your name;
  • - Have an email address and cell number;
  • - Have permission from your spouse if you’re married in community of property or under customary or foreign law.
  • - To apply for a loan and successfully pay back your loan you need a regular income. Your monthly salary needs to be paid into your bank account via EFT so that it shows your bank statement.

Registration number

No 2004/012468/07

Important information

HopOn will never let you borrow an amount that is more than you can afford to repay. This is HopOn approach to responsible lending.

WARNING: Before borrowing please make sure that you read all the terms and conditions in your loan agreement.

Office hours

8am - 5pm

Address

Aloe Grove, Houghton Estate Office Park
2 Osborn Road, Corner Terrace Road
Houghton Estate
2198

Additional information

Telephone: 0860 HOP HOP (0860 467 467)
Email: info@hopon.co.za

African Bank

Minimum loan amount

R2 000

Maximum loan amount

R350 000

Minimum loan term

7 months

Maximum loan term

72 months

Max. APR

15 - 24.5%

Minimum age

18 years

591

Representative example: Loan amount: R20 000, Loan term: 1 year, Total cost of loan: R24 432, APR: 15%
NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

Sanlam

Minimum loan amount

R5 000

Maximum loan amount

R200 000

Minimum loan term

24 months

Maximum loan term

72 months

APR

15.00 - 27.29%

Minimum age

18 years

667

Representative example: Loan amount: R50 000, Loan term: 72 months, Total cost of loan: R102 086, APR: 27.29%
NB! Total amount payable depends on the loan amount, percentage, terms and individual credit worthiness.

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