Bayport Financial Services South Africa has launched its new online loans application platform.

The new platform allows users to get a loan decision within 1 minute and provided a loan offer is made, subject to qualification, then the user can proceed to complete their application completely online.

“The launch of the new platform is another step for Bayport in its drive to offer easy and simple ways for its customers to transact with the company, “ says Yoav Tchelet, Digital Executive.

The process is split into two simple steps. The first step requires users to register an account online, and verify the account with a simple activation process. Once activated, users can log in and apply for a loan online at https://www.bayport.co.za.

All loan applications are subject to strict affordability, risk and underwriting rules and criteria as set out by the NCR.

About Bayport
Bayport Financial Services was established in 2004 and has rapidly become one of the largest non-bank providers of unsecured credit and allied products in South Africa. Through our nationwide multifaceted distribution footprint we are able to effectively service the needs of our clients no matter how remote their location through our loans and insurance product offerings. Bayport is about building lasting relationships with our clients, communities and stakeholders based on trust and an understanding of their overall expectations.

Utilising a combination of our far reaching branch infrastructure, our mobile consultants and call centres, there are very few lives we cannot touch. With the implementation of a proven information technology platform and a proficient risk and credit assessment competency, Bayport has been able to substantially grow market share whilst maintaining credit quality. As a result of our commitment and depth of experience of shareholders, board and management team, Bayport has been able to embrace the opportunities presented by the National Credit Act (NCA) and an increasingly vibrant unsecured credit market.

Bayport’s role as a responsible member of society is to provide services of the highest standard. Wherever a Bayport branch is found, it signifies our determination to promote access to unsecured credit and make it a reality for our clients.