Hopon – online loan South Africa
Online loans up to R50.000
Amount
R5K – R50K
Interest from
6.30%
Term
7 – 36 months
Approval
15 minutes
⚠️
Hopon no longer appears to be operating in South Africa. The website does not respond and we recommend comparing alternative NCR-registered lenders below.
Screenshot of https://www.hopon.co.za
How to apply for Hopon loan
- Select how much money you want to borrow and over what term on the homepage slider and click “Apply Now”
- Complete the simple online application
- If your loan is provisionally approved, accept the offer and agree to the terms and conditions
- Submit your 3 most recent bank generated PDF statements online
- If you pass our final checks, we will transfer your cash directly into your bank account
- Your repayments will be automatically debited from your bank account on a monthly basis
- Now go and make “It” happen
Quick overview
- Amount, R5.000 - R50.000
- Term, 7 - 36 months
- Age: 22 - 60 years
Loan example
| Amount | Fee | Total payment | Term |
|---|---|---|---|
| R5.000 | R2.047.93 | R7.047.93 | 7 months |
| R10.000 | R3.505.95 | R13.505.95 | 7 months |
| R50.000 | R46.249.50 | R96.249.50 | 36 months |
Loan example
The Annual Percentage Rate (APR) ranges from 63% to 112%. A representative example of this is: on a loan of R15 000 over 15 months at a maximum interest rate of 28%, maximum fees of R68.40pm, credit life fees, maximum initiation fee of R1 197 inclusive of VAT comes to a total cost of R22 717 which equals an APR of 68%.
Loan 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
Loan features
- Online loans up to R50.000
- Term 7 - 36 months
- Easy online application
Frequently asked questions
15 minutes after submitting your application.
The minimum amount at Hopon is R5,000.