Bayport Financial Services was founded in 2004 and has become one of the largest non-bank credit and related products providers in South Africa. It offers high standard services such as funeral insurance and loans.
Its purpose is to build strong relationships, based on trust. The company’s main values
are responsibility, training, innovation, simplicity and partnership.
In this particular article we will look at the Bayport Personal Loan which is one of the main services offered. For anyone who is looking for a personal loan, this can be a great opportunity.
Bayport Personal Loan
At Bayport Personal Loan you can request up to R 200,000 and interest rates are fixed and monthly.
The reasons for applying for the loan are diverse and can be, for the renovation of the house, for the education of the children, for expenses with marriage, travel, consolidation of debts, finance a special family event, among others.
Rates – Bayport Personal Loan
Bayport Personal Loan fees will be set according to the information provided during the application and the period chosen for repayment, which may be up to 60 months (5 years).
However, according to the site, we can use the example below as representative. If a person wants to borrow R $ 50,000 and wants to pay in 36 months (3 years), they will pay R 2,500 monthly.
The application – Bayport Personal Loan
The application for Bayport Personal Loan can be made online. You must complete a form with personal information and after this step the company will contact you by phone to guide the next steps. This process is extremely fast and simple; it will not take more than a few minutes.
If you have any questions about what the ideal loan amount for you, a budget calculator is available on the site! You can calculate your budget X expenses in a specific month.
Eligibility – Bayport Personal Loan
To be eligible for the Bayport Personal Loan you must submit the following documents:
– Last three bank statements (need to be stamped by the bank)
– The last payslip of the employer
– Copy of the identification document or both sides of the smart identification card.
It is also important to note that you must be employed for at least 6 months (in the current company).
Useful Information – Bayport Personal Loan
Bayport Personal Loan
Telephone: 087 287 4000
Fax: +27 (0) 86 624 3289