A Bayport medium term loan offers a larger cash loan that gives you more time to pay back the loan. A short term loan is ideal for smaller amounts, but a medium term loan allows you to repay a bigger amount over 1 to 2 years.
This type of loan can help you to:
Pay school fees
Purchase farming products
Start or grow a business
Furnish your home (computer, oven, etc)
If you need to grow your business or make investments that will benefit your family, then this is the right solution for you.
A Bayport long term loan allows you to borrow maximum cash amounts that can be repaid over a 36 to 60 month period. Repayment is more affordable to manage as you will have more time to pay back the loan.
If you are looking to make the following investments, then a long term loan is best for you:
Buying a car
Buying a house
A professional Bayport agent will be able to advise, assist and guide you through the process of making a long term loan commitment.
At Bayport we aim to facilitate economic development and social change. Long term loans offer opportunities that can enable positive development in people’s lives.
To qualify, a trader must have been in business for at least 2 years.
Specially trained loan officers assess the trader’s business and compile a forecast of its cash flow position over the course of the loan. This is done to determine how much money the trader can afford to borrow and repay.
The trader can use the loan for working capital or to buy business assets.
Credit Life takes care of your loan when you can’t.
When you take out aBayport loan, you take out Credit Life Cover at the same time. If you are retrenched, disabled, pass away or get a dread disease like cancer, the money you still owe on your loan will be paid back to Bayport by the insurance company.
You get this cover when you enter into a valid finance agreement with Bayport, as long as you are turning older than 19 on your next birthday and have not yet turned 60. You are covered from the moment you sign the policy — even if you have not paid a single premium yet.
Once your policy has started running, you must keep up your payments, otherwise you cannot receive your Credit Life Cover benefits.
Bayport loans provide financial solutions for ordinary people who want to achieve extraordinary things. If you need a personal loan, a business loan or are investing in your future, Bayport offers a range of products to suit your needs.
Our unsecured loans offer the major advantage of not having to submit any collateral like vehicles or property.
Applying for a Bayport loan offers you the benefits of:
No post-dated cheques
Applying for a loan is easier than ever. All it takes is one visit to a Bayport branch to secure your loan. Simply visit your nearest branch or submit your details and one of our agents will contact you directly. If you are unable to reach the nearest Bayport branch, Bayport’s mobile network has a team of mobile agents who can come to you and help you apply for your loan.
At Bayport we believe in Responsible Credit and ensure that our customers understand the terms of repayment. With Bayport’s Credit Life, customers receive insurance cover should they become retrenched, disabled, pass away or contract a dread disease.