Hippo Loans Review 2021

Hippo loans offers personal loans without collateral which you can apply and get Instant cash in minutes just like Sanlam Loans and Direct Axis Loans.

About Hippo Loans

Hippo Loan is a South African based money lending platform where individuals looking for a loan to make home improvements, loan to get married or further their studies can apply without any hassle.

How Does The Hippo Loan Work?

Are you looking for an online loan in South Africa? Applying for a personal loan Online is easy with hippo.co.za

1. Compare Your Loans

The best way to find the right loan is to compare your options, you can use their service to track down the loan options that suits your needs.

2. Review Your Loan

Check what loans you could qualify for, whether you are looking for a low – rate options or a premium loan, Hippo Loans offers great product for every type of customers.

3. Apply For Their Loan

Once you find a loan that suits your needs, click the I’m interested button and they will securely Transfer you to the provider.

Requirements Needed For Hippo Loans

Hippo Loans
Hippo personal loans

When applying for the hippo personal loans you need to make sure that these documents are complete:

1. You must be above the age of 18 years old

2. Copy of your green barcoder ID

3. Three months of recent bank statement of your account

4. Proof of residence.

5. You must live and work in South Africa

How Much Can You Apply?

You can apply for hippo personal loans from R500 to up to R150,000. The amount which you will qualify for will depend on your credit rating and payment behavior.

How To Apply For Hippo Loans?

You can apply for the hippo loans and get credited in less than 15 minutes, just visit the hippo loans webpage and submit your country ID number and loan amount you needed then submit.

How To Repay Your Loans With Hippo.co.za

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

Hippo Loan Contacts

Do you find it difficult applying for the hippo loan? Or you seem to be lost and needed to contact their customer care service?

Make use of their contact info page and submit any issue that may be.

Hippo Loans Offers To Apply:

1. Hippo Medical Loans

From small visits to the doctor, to an appendectomy, medical costs can be crippling, especially in emergency situations. When you don’t have the right cover you don’t have access to crucial funds for you and your family and these costs often lead to unnecessary financial stress.

Hippo Loans will get you medical aid quotes in a flash, and you can enjoy peace of mind knowing that you have the right medical cover.

√ Hippo Medical Aid For Students: offers financial cover for health-related expenses at an affordable price for those who have become too old to stay on their parent’s policy but are not yet permanently employed and are still studying at a tertiary institution.

√ Medical Aid For Pregnant Women: Medical schemes offer comprehensive or hospital plan cover to expecting moms to provide for their medical needs.

If you have comprehensive cover, your essential antenatal consultations as well as in-hospital childbirth are covered with hippo loans.

√ Medical Aid For Pensioner’s: Medical Aid for pensioners offers financial cover for health-related expenses specifically for those at the stage of retirement.

Medical Aid schemes in South Africa do not have an age restriction, but a fee does apply if you start your cover for the first time after 35.

√ Medical Aid For Family: Family Medical Aid is an important financial investment to consider for new and potential parents.

This type of policy covers a family financially for day-to-day and in-hospital health-related expenses.

√ Medical Aid For Children: Medical Aid schemes in South Africa do not allow children under the age of 18 to be the main members on a Medical Aid, but rather a dependant on an adult’s scheme that covers their health-related expenses.

2. Hippo Motor Warranty Loan

If your vehicles manufacturer’s warranty has already expired you can take out this hippo warranty loan to cover your vehicle.

Your Motor Warranty Insurance Policy will cover you for the repair and / or replacement of components, specifically listed under the respective policy’s specifications, arising from a mechanical and / or electrical failure during the cover period of your policy.

3. Hippo Business Loan

If your business has been trading for 6-12 months, and has an annual turnover of R1 million or more, you could be eligible for small business funding.

The Hippo SME loans and funding platform offers finance from banks and alternative funding providers, and is completely free to use.

Simply answer some questions about your business, and we will match your business needs to the correct finance product for your SME.

4. Hippo Home Loans

Before you start house hunting, it’s always a good idea to evaluate your financial situation and get a realistic view of how much additional debt you could responsibly take on.

MortgageMe calculates your indicative affordability by analysing your own bank statements and placing your income and expenditure into various categories and thereafter calculating what size home loan you can afford.

5. Hippo Personal Loans

Personal loans can 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 24.5% 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.

• Before you select a personal loan, you should make sure you have a good understanding of how much money you need and over what period.

This will influence the interest rates charged and the terms in which the lender lends you the money.

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