Our payroll loans aren’t just numbers; they’re the plans that customers make and the potential they have to reach their goals. Bayport offers short term loans for when our customers need a quick cash boost, medium term loans for a larger loan that gives more time to repay, and long term loans for maximum credit over a longer repayment period. We are committed to helping our customers make a difference to their lives every day through responsible access to credit.
Our customers use our range of loans for:
To build or improve their homes
To start or expand a small business
For agriculture or to buy land
For personal emergencies
At Bayport we believe in responsible credit; we therefore make sure that our customers understand the terms of repayment and encourage them to borrow for the right reasons.
A consolidation loan allows customers to take out a loan that covers the debt they have with other credit providers. Bayport settles the other debts on the customer’s behalf, leaving him or her with only a Bayport loan repayment.
In many cases, the consolidation means a lower monthly instalment and customers often save on interest as well.
The consolidation loan comes with a number of other benefits as well:
Depending on their financial situation, customers can qualify for a loan that is bigger than their consolidated debt amount. If they choose to take the bigger loan, they have extra cash to work with.
Customers can get a free My Money account into which Bayport will pay the extra cash if they choose to take out a loan that is bigger than the consolidated amount.
If customers open a My Money account and arrange for their salary to be paid into it, they could qualify for a bigger loan and better terms.
The My Funeral Cover is a versatile product that allows customers to choose how much cover they want, the premium they can afford, and the family members they want the policy to cover.
Customers can also choose to sign up for the My Monthly Provider plan that pays out a cash payment every month for 12 months after the death of the main member.
My Funeral Cover also gives customers a host of additional benefits at no extra cost:
Daily digital grocery and household item coupons at Shoprite and Checkers;
Help with funeral arrangements;
Discounts on funeral services;
Access to healthcare professionals at a discount;
Help to bring the main member’s body home;
Six months free cover for all other insured members in the event of the main member’s death.
With such benefits and flexibility, My Funeral Cover is regarded as one of the best funeral insurance policies in South Africa.
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 options 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 contact 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 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.