Important disclosure

Bayport Financial Services Personal Loans

Bayport Financial Services provides financial solutions that enable the positive in our customers’ lives. Established in 2004, Bayport has rapidly become one of the largest non-bank providers of unsecured credit and allied products in South Africa.

It is easy to apply for Bayport personal loans of up to R250,000 with their simple online loan application process and personalised service.

To help you budget, you can calculate your loan details and determine the payment options that best suit your financial needs. All you have to do is to input the loan amount, adjust the loan term and then click calculate. It’s easy to use so go ahead and give it a try.

Calculate repayments

It is easy to apply for a Bayport personal loan of up to R250,000 with our simple online loan application process and personalised service. Once you have registered, all it takes is a minute, to find out if you qualify for a Bayport personal loan.

Overview

Minimum loan amountR20,000

Maximum loan amountR250,000

Minimum term (months)6 months

Maximum term (months)72 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R805

Total repayments (approx)R28,980

Total interest repayments (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR3,000

GO TO BayPort

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone087 287 4001

Data accurate as of18.01.2020

GO TO BayPort

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A cash loan from R2 000 up to R250 000. Fast, paperless application process. Decision in seconds. Cash in your account within 24 hours. Flexible repayment options; choose from 12 to 60 months. Free monthly statement via email or SMS. Customer Protection Insurance. Interest from as low as 15%.

Overview

Minimum loan amountR2,000

Maximum loan amountR250,000

Minimum term (months)12 months

Maximum term (months)60 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R796

Total repayments (approx)R28,656

Total interest repayments (approx)R8,656

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR936.50

Minimum monthly incomeR2,000

GO TO RCS

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0861 729 727

Data accurate as of18.01.2020

GO TO RCS

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Get up to R250 000 over 1 – 84 months. Choose between the amount you want, the monthly installment that suits your pocket, or the option that gives you the lowest interest rate. Credit is approved in minutes and the money is available immediately. Pay fixed monthly repayments.

Overview

Minimum loan amountR50,000

Maximum loan amountR100,000

Minimum term (months)1 month

Maximum term (months)84 months

Personal loan interest rates (base)14.20%

Personal loan APR14.20%

Monthly repayments (approx)R797

Total repayments (approx)R28,692

Total interest repayments (approx)R8,692

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR3,000

GO TO Capitec Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityUnknown

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 66 77 89

Data accurate as of12.07.2020

GO TO Capitec Bank

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Loans up to R250,000. Terms between 7 months and 72 months.

Overview

Minimum loan amountR10,000

Maximum loan amountR250,000

Minimum term (months)7 months

Maximum term (months)72 months

Personal loan interest rates (base)15.00%

Personal loan APR15.00%

Monthly repayments (approx)R805

Total repayments (approx)R28,980

Total interest repayments (approx)R8,980

Rate typeFixed

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO African Bank

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feeUnknown

Missed payment feeUnknown

For debt consolidation?No

Sponsored No

Telephone0861 111 011

Data accurate as of18.01.2020

GO TO African Bank

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Tired of those expensive repayments? Then switch your personal loans to Absa. It’s easy and with our guaranteed lowest interest rate, you will start saving money immediately. We can switch your personal loans of up to R350 000 and pay your creditors directly.

Overview

Minimum loan amountR15,000

Maximum loan amountR350,000

Minimum term (months)12 months

Maximum term (months)84 months

Personal loan interest rates (base)18.82%

Personal loan APR18.82%

Monthly repayments (approx)R845

Total repayments (approx)R30,420

Total interest repayments (approx)R10,420

Rate typeFixed or Variable

Secured or unsecuredUnsecured

Initiation feeR1,207.50

Minimum monthly incomeR2,000

GO TO Absa

Other Fees & Information

Monthly feeR69.00

Quarterly feeR0.00

Annual feeR0.00

Other feesUnknown

Redraw facilityNo

Repayment scheduleMonthly

Early repayments allowedYes

Early repayments feen/a

Missed payment feeUnknown

For debt consolidation?Yes

Sponsored No

Telephone0860 100 372

Data accurate as of12.06.2020

GO TO Absa

Hide info -

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Minimum and maximum loan periods vary between 1 months and 10 years. Comparison interest rates vary between 6.55% and 60% p.a. Total interest repayments vary between R685.05 and R844.12 over the life of the loan. *Comparison rate is based on an unsecured loan of R20,000 for a term of 3 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. These rates can change without further notice. All rates quoted are per annum. For more information regarding fees click on "View fees & additional info +" for each product or contact the provider.

What type of loan are you looking for?

Apply for Bayport personal loans of up to R250 000 today

You can get a personal loan from Bayport financial services in South Africa today. Whether you want to pay for your wedding, renovate your home, or consolidate your other loans, a Bayport personal loan can be the answer to your needs. Check out our guide to Bayport loans where we answer important questions to make the application process easier for you:

  • What are the features of Bayport personal loans?
  • How do you increase your chances of getting a loan?
  • What do you need to apply?
  • How does the application process work?
  • What are the advantages of applying with Bayport?

Features of Bayport personal loans

Below are some of the features of Bayport loans:

  • Loan amount: Minimum is R1000 while the maximum is R250 000.
  • Loan term: You can pay off the full loan amount plus interest over any period that is between 3 and 84 months.
  • Monthly instalment: Your monthly repayments depend on your loan amount and term. They’re also fixed, which means you will pay the same amount every month for the rest of your loan duration.
  • Credit check: Bayport is a responsible lender, and they will perform a credit assessment on you. That means you’ll only get approved for a loan you can afford.
  • Interest rate: You get a fixed interest rate that is personalised based on your personal risk profile.

Requirements for Bayport online loans

  • Be permanently employed;
  • Minimum of 18 years; and
  • Have an active South African bank account in your name.

Documents needed for Bayport loans

  • A clear copy of your government-issued South African ID;
  • Proof of address;
  • Your most recent proof of payment from your employer in the form of a payslip; and
  • Your latest bank statements for three months. The statements have to be stamped by the bank. Bayport can also retrieve this information on your behalf with your permission.

Use the Bayport personal loan repayment calculator to budget for your loan

Our Bayport loan calculator is a free and easy-to-use tool that helps you to budget for your loan. Follow the steps below so you can make an informed decision within minutes:

  1. Enter your loan amount using the first sliding tool;
  2. Next, enter the number of months for your loan term using the second sliding tool;
  3. Click “Calculate Repayment” to get your quick results. You can adjust your loan values as many times as you wish to get a better result.

How to apply for Bayport online loans

The Bayport online loans application process is relatively easy:

  1. The first step is to click the Bayport personal loan “Go to Site” button on this page. The link then takes you to the application page.
  2. On the page, you will have to register an account (if you don’t have one). After that, it will only take a minute to find out whether you qualify or not. You will be requested to upload all the necessary documents and then fill in your details on the online application form.
  3. Once a Bayport loan offer has been made, you can continue with other required steps to complete your application.
  4. Money becomes available in your bank account soon after you sign the loan agreement.

Bayport loan fees and terms example

The following loan example gives you an idea of the fees associated with Bayport online loans:

  • Loan amount: R100,000
  • Loan term: 72 Months
  • Interest Rate: 20%
  • Monthly Insurance Premium: R455.00
  • Monthly Service Fee: R68.00
  • Total Instalment: R2,948.00

How to increase your chances of getting a Bayport financial loan

  • Check your credit report – Before you apply, find out what is in your credit report and fix any mistakes if possible.
  • Reduce outstanding debt – Paying your debts will also reduce your debt to income ratio. That means you’ll have more room to take on a new loan.
  • Avoid applying for too many loans – Too many enquiries on your credit report might mean you’re not a responsible borrower.
  • Calculate your monthly payments and total cost – Use the Bayport loan calculator to find affordable monthly instalments that fit in with your monthly income. The calculator also helps you estimate the total cost of your loan, which means you can apply for a loan amount that you know you can afford.

How to use Bayport loans

A Bayport loan can be used for pretty much anything you want. Once the cash gets into your bank account, it can be used in the following forms:

  • Education loan: This covers costs related to your education, such as fees or accommodation.
  • Consolidation loan: A consolidation loan helps you to manage your other loans. You can use a Bayport loan to pay for these loans, which leaves you with only one loan and one monthly payment. This way, you can better manage your payments and potentially save money.
  • Personal loan: A personal loan has unlimited uses that range from paying for a wedding, bills, travel, and home improvements.

Advantages of Bayport financial loans

  • You can check updates and view statements on your loan while online;
  • You get a free credit report each month;
  • All Bayport personal loans are insured to protect against death, retrenchment, and disability;
  • Repayments are made via debit order which saves you time and improves your track record; and
  • Bayport terms and conditions for your loan are available and easy to understand. That means you always know what you’re getting into every time you apply.

What happens if you fail to repay your Bayport loan?

If you fail to make your payments on time, it can be highly damaging to your credit score. In addition, Bayport can take legal action against you. This will make it difficult to get loans in the future. You should therefore make sure that there is always money in your account at the time of payment. It is also not advisable to change the account that you use to receive your salary for the duration of the loan.

Can you trust Bayport with your information?

When to apply for a Bayport loan, you can trust that your information will be safe and secure. Whether the information is stored on a local server on a cloud server, Bayport invests highly in data security. You should also know that Bayport is an accredited financial service provider, and they hold a South African financial service provider license. You can read Bayport loans reviews online to understand more.

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