Bayport - Lender Review

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Representative example: Estimated repayments of a loan of r30,000 over 36 months at a maximum interest rate of 29.25% apr would be r1,381 per month including fees. Repayment terms can range from 2 - 72 months. Myloan is an online loan broker and not a lender. Our service is free, and we only work with NCR-licensed lenders in South Africa. Interest rates charged by lenders can start as low as 19.25% apr, including an initiation and service fee determined by the lender. The interest rate offered depends on the applicant's credit score and other factors at the lender's discretion.

The maximum annual interest rate including fees is 27.5%. Repayment terms can range from 1 - 72 months.

MyLoan is an online loan broker and not a lender. Our service is free and we work with NCR licensed lenders in South Africa. Interest rates charged by lenders can start as low as 20% APR, including an initiation and service fee determined by the lender. The interest rate offered depends on the applicants’ credit score and other factors at the lenders’ discretion.

Bayport Financial Services is a South African lender established in 2004. As one of the top non-banks in the country, Bayport provides unsecured credit of up to R250 000 via a convenient online application.

But there’s more to this lender, so read our guide, and you might find a Bayport personal loan worth applying for.

Bayport: Quick Overview

  • Loan amount. R1000 to R250 000

  • Loan term. 6 months to 84 months 

  • Loan types. Personal loans

  • Interest rate. Fixed interest rate that varies based on your risk profile

Bayport Loans: Full Review

Bayport is an alternative lender that specialises in online personal loans. Generally, the personal loans range from R1000 to R250 000 with repayment periods of between 6 months and 84 months. Bayport personal loans can be used for most things, and the lender even provides a dedicated product for debt consolidation. In addition, you don’t need collateral to receive a personal loan from Bayport since all the loans are unsecured. 

Overall, Bayport can be a worthwhile choice that offers many advantages to borrowers, such as flexible repayment terms. However, a Bayport personal loan could be expensive depending on your interest rate, which is, in turn, based on your credit history. We encourage you to shop around and compare loan offers to increase your chances of getting the cheapest deal. 

Representative example. If you take out a loan worth R100 000 from Bayport over 72 months (6 years) with an interest rate of 20%, your monthly repayment will be R3050, including insurance and a monthly service fee.

Pros of Bayport Loan

  • Flexible repayment terms. Bayport offers flexible loan amounts that can be paid over a period of up to 84 months or 7 years. That way, it’s easier to customise the loan according to your budget.

  • Fixed interest rate. A fixed rate never changes over the life of the loan, meaning your repayments also stay the same. You can pay off your loan with peace of mind and plan your budget with less hassle.

  • Personal finance tools. Bayport provides a wide range of personal finance tools to help keep your finances smooth. For instance, you can get free financial resources, a free credit health report, and round-the-clock access to online statements.

  • Debt consolidation. You can use a Bayport personal loan to pay off your other loans, which leaves you with one account that’s easier to manage.

  • Credit insurance. Bayport loans are insured, so your payments will be covered in the event of death, disability, or retrenchment.

  • Employee wellness. If you’re an employer, you can partner with Bayport so your employees receive wellness solutions tailored to improve their financial health.

Cons of Bayport Loan

  • Compulsory credit insurance. You have no choice but to pay credit insurance as part of your monthly instalments. That means you won’t be able to choose credit insurance from a cheaper provider.

  • Borrowers have to be permanently employed. You have to be permanently employed for at least six months to qualify for a Bayport personal loan.

What Loan Products Does Bayport Provide?

Bayport provides two main products.

  • Personal loan. Bayport personal loans offer between R1 000 and R250 000. Typically, personal loans can be used for many purposes, including a car, wedding, holiday, or home renovations.

  • Debt consolidation loan. A debt consolidation loan is a type of personal loan that you use to settle your debts. It combines several loans into a single loan that requires a single monthly repayment. This makes your debt easier to manage.

How Do Bayport Personal Loans Work?

Applying for a loan from Bayport can be done in four easy steps:

  • Register. If you’re a new customer, you’ll need to create an account before applying. The process requires personal info, such as your name, ID, email address, and phone number.

  • Apply. Bayport only provides online loans, so you’ll have to fill in and submit the application form provided. You’ll also need to upload the required documents.

  • Affordability assessment. As a responsible lender, Bayport will perform an affordability assessment to ensure you can afford the loan based on your income and expenses.

  • Receive money. You’ll receive the money in your bank account as soon as your application is approved.

Is Bayport a Trusted and Reliable Lender?

It’s always smart to check if you’re dealing with a reputable lender to avoid excessive charges or scams. We have done the homework for you and here’s why Bayport is a reliable and trusted lender:

  • Registered and licensed: Bayport Financial Services is a registered, licensed credit provider and an authorised financial service provider.

  • History: Bayport has been around since 2004 and has helped South Africans all over the country with its personal loans. It’s safe to say that Bayport is a reliable lender.

  • Responsible lending: Keep in mind that Bayport only approves your application after an affordability assessment to ensure you’ll be able to service the loan.

  • Secure digital platform: Bayport values the security and protection of your personal information and will ensure you take the necessary precautions when applying for a loan online.

Bayport Is Best for Borrowers Who:

  • Have good credit. The interest rate you get depends on the amount of risk you pose, so you’re more likely to get a lower rate with a clean credit history.

  • Enjoy the convenience of an online application. Applying for a Bayport loan is strictly online, which makes it handy and quick.

  • Are permanently employed. Bayport will only approve borrowers who have been permanently employed for at least six months.

How to Get a Loan From Bayport With

Submitting your application through has many advantages, chief among them the ability to compare Bayport to other lenders. That’s because is your portal to a wide range of offers from reputable South African lenders. 

Simply fill in our short application form, and our partner lenders will be in touch if your application matches their requirements. Once you get several offers, you can compare details like interest rates, loan amounts, and payment periods. You’ll then be able to decide if you still want to continue with a Bayport loan application, or you can discover a better offer, all in the comfort of your own home.

Bayport FAQs

How do I contact Bayport?

  • Tel: +27 (0) 87 287 4000

  • Fax: +27 (0) 115801146

  • Customer Service: 0872874003 or

  • Physical Address: 3 Alice Lane, Sandton 2196, South Africa

How do I apply for a loan from Bayport?

You can apply for a Bayport loan online. You’ll need the following:

  • South African ID

  • Proof of residence not older than three months, e.g., a utility bill

  • Latest payslip

  • Last three months’ bank statements

The quickest way to apply for the best loan for yourself is by submitting a loan application form with You’ll get several loan offers from different lenders, so it’s easier to choose the right option once you have made comparisons.

How do I make repayments?

When you accept a loan offer from Bayport, you also agree to a Debicheck mandate. That means your repayments will be automatically deducted from your bank account on each monthly due date.

What happens if I can’t make repayments?

If you’re unable to make repayments, contact Bayport’s Personal Loan Department immediately on 0861 229 7678. A Customer Service agent will advise you on the way forward.