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Bayport Loans

bayport loans

Bayport Loans are tailored loans that offer up to R250 000 which can be accessed online through Bayport’s simple online application platform within a matter of a few minutes.

These personal loans provided by Bayport Financial Services provide credit solutions that impact positively in their customer’s lives, allowing them to access credit to sort out any of their financial obligations.

Established in the early 2000’s, Bayport has continued to expand its services and footprint, becoming one of the largest non-bank financial services providers.

Why choose Bayport Loans?

Bayport understands the challenges that most people face especially when it comes to collateral, and it is with this in mind that they try their best to ensure that collateral doesnt stand in the way of its customers accessing their services.

These personal loans are used for a variety of uses, from paying for family emergencies to buying a new car, their customers have the freedom to use them for whatever they want.

Bayport is found in countries that include South Africa, Botswana, Tanzania, Colombia, Uganda, Ghana, Zambia, Mexico and Mozambique.

Bayport Loans Application Process

To apply for Bayport Loans you will need to complete five easy steps, first step is to go on their website and register an account with your personal details that include your name, income, employment details, banking details and apply for a loan.

Their consultants will assess your affordability and approve the loan if you qualify, after which you will receive your money in your bank account.

Annual Percentage Rate (Interest Rates and Fees)

Representative example of a R100,000 loan repaid over 72 months with an Interest rate (APR) of 20% will have a monthly installment of R3,050.00.

Interest rate (APR) – 20%
Credit Advanced – R100,000
Term of Loan – 72 Months
Monthly Insurance Premium – R556.64
Monthly Service Fee – R69.00
Total Installment – R3,050.00

Benefits of Bayport Loans

Easy Online Application
You can easily apply for Bayport Loans online by filling out their application form with your personal details and upload the required documents and submit your application. You will be able to get feedback from their consultants within a matter of a few minutes, and if you qualify you get instant payouts straight to your account.

Debt Consolidation
With Bayport you can easily consolidate all your existing smaller loans and have them paid off, leaving you with one manageable loan and lower installments.

Nationwide Footprint
Bayport is found all across South Africa, making it easy for anyone who is looking to access their loans to get them.

Flexible Repayment Terms
Bayport loans come with flexible repayment terms ranging from 6 to 84 months, giving you ample time to choose one that best suits your needs.

Fixed Interest Rates
Bayport’s loans have fixed interest rates throughout the loan term, which means that you will pay the same amount every month and gives you the opportunity to plan your monthly budget effectively.

No Collateral Needed
When you apply for personal loans from Bayport you wont be required to provide any form of collateral, all you need is to show that you will be able to repay back your loan.

24/7 Support
Bayport has a team of dedicated support staff that are available through Mobile App, Website or WhatsApp to help you with any queries that you may have.

Bayport Loans Application Requirements

You must ensure that you have these following documents to qualify for your personal loan:

– South African ID and must be over the age of 18 years.
– Proof of residence not older than 3 months.
– Your latest pay slip.
– Your last 3 months’ bank statements.

Bayport Loans Contact Details

Address: Bayport House, 3 Alice Lane, Sandown, Sandton, 2196
Tel: 087 287 4000 / 087 240 5555 / +27 (0) 11 236 7300
Website: www.bayportsa.com

NB: Visit our loan calculator page