In 2024 South Africans need the online credit process to be easy and straightforward. If you have an emergency and require financial support, the last thing you need is a complicated loan application process delaying your payout.
Wonga has worked hard to make our loan application process easy to understand from the moment you visit our website to the instant your credit is securely deposited into your bank account.
Simple Online Process: Wonga offers an easy online loan application process that you can complete from the comfort of your home. No need for lengthy paperwork or in-person visits.
Quick Approval: Once you fill out the application, Wonga provides a rapid decision, often within minutes, making it ideal for urgent financial needs.
Transparent Terms: Wonga clearly displays all costs upfront, so you know exactly what you’ll pay back. There are no hidden fees or surprises.
Flexible Amounts and Repayments: You can choose the amount you need and the repayment period that suits your financial situation, ensuring manageable repayments.
Responsible Lending: Wonga conducts thorough affordability checks to ensure you don't borrow more than you can repay, ensuring responsible borrowing and protecting financial health.
Using a well-established and financially regulated company like Wonga offers you greater peace of mind:
Trust and Reliability: Established companies like Wonga have a strong track record and reputation to maintain, ensuring reliable service.
Regulatory Compliance: Wonga is a registered credit provider in South Africa. As such we adhere to strict financial regulations, providing consumer protection and fair practices.
Transparency: Our clear and upfront information on fees and repayment terms makes your loan terms easy to understand and helps avoid any confusion.
Customer Support: Easy access to professional customer service for assistance and queries, whenever you need it. Just get in touch with our rapid support team here.
Secure Transactions: Our enhanced security measures are frequently updated and refined to protect your personal and financial data.
Easy to Use Service: Wonga’s easy and user-friendly service is designed to meet your short-term credit needs quickly, safely and efficiently.
| Representative Loan Example | |
|---|---|
| Loan Amount | R 4000.00 |
| Loan Period | 31 days |
| Initiation Fee | R 534.75 |
| Service Fees | R 138.00 |
| Total Loan Interest | R 231.20 |
| Insurance | R 21.45 |
| Total Amount to Repay | R 4925.40 |
Wonga does not offer loan renewals or extensions. Each loan must be repaid in full before applying for a new one. This ensures that each loan is a distinct credit arrangement with its own set of affordability requirements. This policy is designed to protect our customers from entering into a cycle of debt.
Wonga leverages a soft credit check as part of our automated decision-making process. We follow strict criteria to ensure customers do not enter into unsustainable credit agreements that could cause financial stress. You will need to provide personal information, proof of income, and banking details to verify your ability to repay the loan. You can read more about how this works here.
Repayments are collected via an automatic debit order on the agreed due date. If funds are not available, additional fees may be charged. Wonga’s collections team will attempt to contact you to resolve the situation. Failure to repay on time can result in additional interest and fees, and if unresolved, the debt may be passed to an external collections partner. This could also negatively affect your credit rating. If you think you are going to miss a payment please contact Wonga immediately to discuss your options.
For more answers, please visit the Wonga FAQ section.
