Hippo Loans
- Debt consolidation up to R300,000
- Low-interest starting from 24.75%
- Repayment up to 72 months
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[Accessed March 27, 2023]
About Hippo Loans
Hippo is a South African financial services comparison website that was founded in 2007.
They offer a range of services, including insurance and personal loans, and are dedicated to helping South Africans save money and make more informed financial decisions.
Hippo's debt consolidation comparison service is designed to help people manage their debt more effectively by finding the right product to consolidate multiple high-interest debts into a single, more affordable loan. With a focus on transparency and customer service, Hippo aims to make financial products and services more accessible and affordable to everyone.
How they’ve expanded over the years
Over the years, the company has expanded its offerings to include a range of financial products, including personal and debt consolidation loans. Today, Hippo is one of the leading comparison services in South Africa and has helped thousands of customers find and compare loans from multiple lenders.
The company's commitment to transparency, customer service, and innovation has earned it a reputation as a trusted source of quotes for both finance and insurance products.
How you can save big with Hippo
Hippo offers a comparison service for personal loans and debt consolidation loans, which can help you save money by comparing the interest rates and fees of multiple lenders in South Africa. By using this comparison service, you can easily find a loan that suits your needs and budget, without having to spend hours researching different lenders and their terms.
Skilled staff for better results
Hippo strives to provide a high level of service to its customers by leveraging the expertise of its staff and the power of technology to simplify the lending process. They employ a team of financial experts and consultants who are well-versed in the products and services offered by various lenders.
These professionals are knowledgeable about the lending industry and can provide personalised advice and guidance to customers looking for a debt consolidation loan or other financial product.
Hippo Loans Services
If you're struggling with high levels of debt, a debt consolidation loan may be a good option to consider.
By consolidating your debts into a single, more manageable loan, you can simplify your finances and potentially save money on interest charges.
Hippo's debt consolidation loan comparison service can help you find the best loan options available to you, so you can take control of your finances and work towards a debt-free future.
Hippo’s unbeatable debt consolidation comparison service
Their debt consolidation loan comparison service allows you to compare multiple loan options from different lenders, helping you find the best rates and terms for your specific financial situation.
By consolidating into a single loan with a lower interest rate, you may be able to save money on interest charges and pay off your debts more quickly.
In addition to its debt consolidation loan comparison service, Hippo offers a range of other financial comparison services, including car loans, car insurance, and home insurance.
Its easy-to-use website allows you to quickly compare rates and terms from multiple lenders, helping you find the best financial products for your needs and budget.
Consolidate debt with Hippo
Hippo offers debt consolidation loans ranging from R1,000 to R300,000, with repayment terms of 12 to 72 months.
However, the actual loan amount you can receive will depend on your ability to repay the loan and other factors assessed during the application process.
It's important to note that consolidating may not necessarily reduce your overall debt burden, but it can simplify your finances and make it easier to manage your debts over time.
Hippo Loans – Consolidation loan
- Loan Type Debt consolidation
- Interest Rate from 24.75%
- Loan Amount up to R300,000
- Repayment 72 months
Benefits of Hippo Loans
- Easy loans compare platform
- Quick online loan application form
- One easy-to-manage payment
- Improve your credit score
How to apply for a debt consolidation loan through Hippo
If you’re considering a consolidation loan through Hippo, the process is relatively simple. First, you’ll need to fill out an application on their website, providing basic personal and financial information.
Once submitted, Hippo will review your application and run a credit check. If you’re approved, you’ll receive loan offers from various lenders.
They’ll then assist you in selecting the best option for your needs and help you finalise the loan. When approved the funds are disbursed and you’ll use the money to pay off your existing debts, consolidating them into one loan with a single monthly payment to the new lender.
Are you eligible for consolidation?
- A South African citizen or permanent resident.
- Over 18 years old.
- Have a steady income or source of funds to repay the debt consolidation loan.
- A good credit score.
- Able to provide proof of income and/or employment.
- Have a bank account in your name.
- Provide a list of your current debts and creditors.
Not sure if debt consolidation is right for you? Here’s how you know
- Multiple high-interest debts: If you have multiple debts with high-interest rates, consolidating them into a single loan with a lower interest rate can save you money on interest charges.
- Difficulty keeping track of multiple payments: If you're struggling to keep track of multiple payments and due dates each month, consolidating can simplify your finances and make it easier to stay on top of your payments.
- Late or missed payments: If you've missed payments or paid late on your debts, it can negatively impact your credit score. Debt consolidation can help you get back on track and improve your credit score over time.
- Feeling overwhelmed by debt: If you're feeling overwhelmed by your debts and struggling to make ends meet, consolidating can give you a sense of control over your finances and help you feel more confident about your financial future.
- High debt-to-income ratio: If your debt-to-income ratio is high, it can make it difficult to qualify for new loans or credit. Debt consolidation can help you lower your debt-to-income ratio and improve your chances of being approved for new credit in the future.
Hippo Loans is a trusted & reliable provider of debt consolidation
In our review, Hippo Loans adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.
✅ Hippo Loans is a registered credit provider in South Africa: FSP16357
Customer Reviews & Testimonials
Hippo Loans Contact
Physical Address
- Block A, Steyn City Capital Park, Erling Road, Riverglen, Dainfern Johannesburg Gauteng 2191 South Africa
- Get Directions
Opening Hours
- Monday 08:00 – 17:00
- Tuesday 08:00 – 17:00
- Wednesday 08:00 – 17:00
- Thursday 08:00 – 17:00
- Friday 08:00 – 17:00
- Saturday 08:00 – 13:00
- Sunday – Closed