Hippo loan | How it works | Requirements | Get up to R150,000

Hippo loan offers you fund's up to R150,000 with amazing interest rates. Here's how to apply and to repay at your convenience usually within 3 - 72 months repayment tenor.


Hippo loan

Hippo comparative services ltd is an authorized financial service provider and also South Africa's first comparison website founded in 2007 with FSP number: 16357. Since it's inception, they has been helping many individuals to find the best loan options that suits their needs and also offers other financial products, such as life insurance, credit reports and debt consolidation loan etc.

Weather you are looking to apply for a loan, or are interested in other money related products, hippo has the solution for you. But don't be confused, hippo does not necessarily provide the loan on it's own. While the occasionally disburse loans on it's self, they only act as the link or you can say "middle man" between individuals and loan providers.

Hippo loan partners include a wide range of South Africa's leading insurance, finance and other industry brands that helps you save time and the hassle of shopping around for quotes by doing all of the hard work of searching for loans just for you.

Since hippo loan works as an online loan comparison site. They will find the best loans in the country within minutes and if you are interested, they will put the selected provider in touch with you directly so that you can safely apply for loans or find out more information.

Table of Contents
  • How Hippo loan works
  • Benefit
  • Requirements
  • How to apply
  • Interest rate
  • Loan limits
  • How to pay-back your loan
  • Hippo loan reviews
  • Hippo contact details
  • Head office
  • Conclusion.

How Hippo loan works in South Africa

Hippo works in they following ways:


1. Website

Visit hippo loan website at hippo.co.za/loan and start your personal loan quote by entering your ID number, to find out the best quotes in the market for the type of loan you want.


2. Compare

The best way to find the right loan is to compare your options. You can use hippo service to track down a loan that suits your unique needs.


3. Review

Hippo will source through hundreds of its loan lending partners. Check what loans you could qualify for. Minimum amount is R500 and maximum R150,000.


4. Apply

Found a loan that suits your taste? Click the "I'm interested" button and hippo will securely transfer you over to the provider you choose.

Benefits of applying for a hippo loan


Hippo loan

These are what you stands to gain when applying for a loan on hippo platform:

• No collateral or guarantor needed

When applying for a loan, hippo guarantee that it's loan providers will provide you loans without asking for any form of collateral or guarantor.


• Security is paramount

According to hippo comparative service ltd term's and conditions, they Stated that all the data you choose to share are 100% protected. And can never be revealed to any third party.


• Quick and easy to use

Applying for hippo personal loan is much easier because hippo will source through all it's loan partners within 2 minutes and determine the funds you can get based on your loan offer.


• Little charge

Hippo will charge you a service fee of R69 for any loan offer you get. That's a little sum of money compare to other loan lenders.


Hippo personal loan requirements

Hippo comparative service ltd do not directly provide the loans, they only act as a link between loan seekers and it's loan partners. So here are they following requirements expected of you:


1. Proof of residence

Before you apply for a loan on hippo service, make sure that you are a South African citizens that works and lives in South Africa.


2. Valid means of identification

In order to find the best loan for you, you'll be required to submit your 13-digit South African ID number to perform a credit reference check in order to calculate a personal loan offer for you.


3. Bank details

In order for loan disbursement to take place, you are required to submit your bank details such as account number, BVN, bank name etc.


4. Salary earners/self employed

Some of hippo loan service provider will only consider your application if you are permanently employed and have been working at a place of employment for more than 6 months, while others will only require you to have a regular income.


5. Bank statement of account

You will be required to provide your recent 3 - 6 months bank statement of account. In order to verify that your salary/income reflects in your bank account every month.


6. Age limit

Before applying for a loan, make sure that you are not less than 18 years or above the age of 60 years.


How to apply for a loan on hippo

  1. Visit hippo loan website at hippo.co.za/personal loan and start your personal loan application by entering your ID number.
  2. Hippo will source through hundreds of their loan partners in order to determine the right quote for you.
  3. You'll be presented with various options from their loan partners including your loans interest rate, loan amount, loan term, monthly repayment, total loan repayment and credit protection cover.
  4. Carefully scroll through and choose the best ones for you.
  5. Once you have made your choice, click on "I'm interested" button and hippo will securely hand you over to your selected provider. Who will now contact you with their personal loan offer.
  6. Loan disbursement takes place instantly or within 24 hours depending on the loan provider.

Hippo loan interest rate

Hippo service delivers no fixed interest rates because the loans are not provided by them. However, your loan interest rate solely depends on your selected loan provider which is being shown to you at the time of your loan application.


Loan limits

Hippo loan

You can apply for a personal loan from R500 - R150,000 with term's ranges from 3 - 72 months(6years). However, the amount you will qualify for solely depends on your credit rating and repayment history.


How to repay hippo personal loan

Hippo comparative service ltd do not offer loan repayment options because they are not the ones giving out loans. Your loan repayment method will depend on your selected service provider.

Most credit providers prefer auto-debit system which automatically deducts your loans balance on your loan due date(s) from the bank details you submitted when applying for loans.


Hippo loan reviews

Here is a quick overview of how hippo loan works in South Africa:
  1. Visit hippo money website.
  2. Enter your ID number.
  3. Hippo will direct you to it's loan providers.
  4. Choose your loan amount, repayment term.
  5. A list of loan providers that matches your loans offer will be display for you.
  6. Choose one and follow it's instructions.
  7. Loan disbursement takes place within 24 hours or more depending on the loan provider.

Hippo personal loan contact details


You can only reach out to hippo comparative service ltd via contact us form by filling out your name, phone number, email address, your reason for contacting and so on.


Head office

Block A, Steyn City Capital Park, Erling Road, Rivergien, Dainfern, 2191.


Conclusion

Hippo loan is an authorized financial service provider and also South Africa's first comparison website founded in 2007 with FSP number: 16357. They offer quick loan application process within 2 minutes.

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