Consumer Finance Solution

Get A Consumer Finance Solution From Bayport

Bayport Financial Services can offer you a consumer finance solution that will suit your needs to a tee.  Whether it is a short-, medium- or long-term loan or perhaps financing for building a house or buying a car, motorcycle or bicycle, we have a consumer finance solution for every need.  We have been offering affordable unsecured credit in Africa since 2002; before that time, ordinary, “unbanked” Africans had very few alternatives.

Offering unsecured credit in a market that never used to have it posed challenges in itself.  We soon realised that a conventional, Western approach would not work and our eventual business model, which we call “The Bayport Way”, is unique in the sense that it is based on partnerships with local industry, employers and trade unions, which also act as our collection arm.  This has enabled us to offer financial products to many salaried staff while keeping bad debt very low and credit quality very high, even in Africa.

Being unused to hassle-free unsecured credit, our next task was to educate our clients and inform them in detail of the fine print of their loans.  They have to understand how the loan repayment will affect their finances and daily lives.  They should be satisfied with the terms and loan amount and they should be able to comfortably service the loan without becoming over-indebted.  The success of this approach is reflected in the fact that most people borrow money for necessities and not luxuries.

Bayport Financial Services can also offer you a perfect consumer finance solution.  For more information on our products and services, contact us.