Hippo Personal Loans Full Review

Get Personal Loans up to R350,000 through Hippo Loans Partner Lenders

Hippo Personal Loans is South Africa’s leading comparison company that connects customers’ loan requests to a network of partner lenders. They offer personal loans up to R350,000 with flexible repayment plans spanning from months to years.

Applying for a loan through Hippo is quick and easy. Their user-friendly form can be completed in just two minutes, and with a single application, you gain access to multiple lenders, making it easier to find the best credit option.

Although Hippo is not a direct lending company, they act as a bridge between you and their partner lenders, facilitating the loan process and ensuring you receive the funds you need.

If you’re interested in utilizing Hippo’s comparison service for your loan needs, keep reading to find out more.

Who is Hippo?

Hippo is South Africa’s first comparison site, offering a variety of services such as comparisons for automobiles, insurance, personal loans, and other financial products. While they are not a credit provider, they leverage their extensive network of partner companies to provide customers with the best options available.

Using advanced technology and algorithms, Hippo matches customer requests with suitable lenders, ensuring you find the most suitable financial solution.

Alongside personal loans, Hippo also offers services related to insurance for individuals and businesses, including coverage for properties and automobiles.

How Do Hippo Personal Loans Work?

Hippo Personal Loans focuses on finding partner lenders that match your specific needs, whether it’s financing home activities, covering medical expenses, or enjoying leisure activities. They offer loan solutions ranging from R1,000 to R350,000, with repayment plans that can last from 7 to 12 months or extend up to 72 months for long-term loans.

To apply for a loan through Hippo, you’ll need to fill out their online form. Once you’ve submitted your information, Hippo quickly searches for the best loan options based on your preferences and needs.

Personal loans through Hippo do not require collateral; instead, the main criteria considered are your credit score and income. Once a favorable loan offer is found, you’ll be directly contacted by the lending company to complete the application process and discuss the terms and conditions of the loan.

It’s important to note that Hippo does not charge any fees for their services.

What are the Benefits of Applying for a Loan with Hippo Personal Loans?

• Quick and Easy Process: Hippo’s website features an intuitive application form that can be completed in just 2 minutes. The responsive format of their website ensures easy navigation, enhancing the overall user experience.
• Personal Loan Calculator: Hippo’s platform also includes a loan calculator, allowing you to easily calculate loan possibilities and determine a suitable repayment plan.
• Informative Content: Hippo provides comprehensive support through informative articles about personal loans. These resources offer valuable information to help you make informed financial decisions.
• Variety of Other Services: In addition to personal loans, Hippo offers a range of services including insurance for individuals, families, and businesses, along with various types of loans.

Possible Drawbacks

While Hippo offers a convenient comparison service, it’s important to note that they do not directly provide personal loans. As a result, the timing of receiving your loan will depend on the lending company you choose. If you require a quicker loan option, you may need to explore alternative companies. Additionally, individuals with negative credit may find limited opportunities through Hippo.

Interested in Applying?

If you believe that Hippo Personal Loans can fulfill your loan needs, you can find more details about the application process on their website.

Written by

Claire Harrison