Wonga is a South African lender that offers short-term, flexible loans of up to R4000 for new customers that are repayable up to 6 months. We’ve been following Wonga for the last few years and we can truly say that we are impressed!
Wonga offers a simple, online application process, where you can apply for a loan in just a few minutes. All you’ll need is a recent copy of your payslip or bank statement as proof that you have a regular income and can afford to repay your loan.
What’s even better is that decisions are instant and there are no branch visits involved. You can easily apply for a loan from the comfort of your own home without any hassle.
While new customers can borrow up to R4000, returning customers can apply to borrow up to R8000. Each time you use Wonga, your trust rating improves, meaning that you can apply to borrow more over time. You can even save on interest and fees by repaying your loan early – there are no hidden fees.
If you are looking for an online loan in South Africa, be sure to look at Wonga!