About Wonga
Wonga is different from other online lenders because our sophisticated risk and decision technology means the application and approval process takes literally minutes. We are the first company in the world to fully automate the lending process and we are able to make completely objective and responsible decisions around the clock. There's no paperwork, no need to meet with a bank manager and no sitting for hours on hold on the phone - our entire service is online and real-time. We are also uniquely flexible, allowing applicants to choose exactly how much cash they want to borrow and for how many days they need it. Our customers aren't forced to borrow a fixed sum they might not need, or pay interest for any longer than necessary.
What you can get
New customers can apply for up to R 4000 with 3 month to repay. Existing customers up to R 8000 with up to 6 months to repay.
What you’ll need
- A cellphone number;
- SA ID number;
- Bank account details;
- Most recent proof of income.
Flexible, short term loans that give you back control
We're flexible
- You can save interest by repaying your short term loan early. If things go wrong, we're here to help you find a solution.
We're committed to you
- We lend responsibly, treat our customers fairly, and help people make sense of their money.
We're transparent
- There are no hidden charges. We make all our fees completely clear upfront before you apply.
How it works
- Decide how much money you need and when you want to repay it - move the sliders on the homepage and decide exactly how much cash you need and after how many days you’d like to repay us. We'll show the full cost of your loan in real-time and once you're happy click the ‘apply now’ button.
- Complete our secure online application form - you will need to provide us with your personal information on our online application form so that we can determine if you qualify for the loan you want. You will need to provide us your ID number, employment details, monthly income and expenses as well as your bank account information. We will provide you with a decision immediately.
- We verify your income - once your loan has been approved, we will need to verify your income. You will need to provide us with your most recent payslip or bank statement which clearly shows your personal details as well as your income.
- The money is transferred to your bank account - we will be hard at work behind the scenes to verify your income and transfer the cash to your bank account. We will collect repayment from your bank account on the due date, so you just need to ensure the required funds are available.
Short term credit
We don’t want to keep you in debt. That may sound odd coming from any lender, but Wonga provides fast cash advances for a few days or weeks. If you're a new customer, we’ll only lend you money for up to 3 months, and if you're an existing customer, you can repay over up to 6 months. You are always free to pay us back early with no hidden fees.
Unlike some lenders or credit card providers, we won’t keep extending your existing balance or encourage you to make minimum repayments. So please think very carefully before you apply, because we expect you to repay us when you promise to. If you have any doubts or are unsure you'll be able to do that comfortably, please don’t apply in the first place.
