In times of need, loans can help you and Wonga Payday Loans are no exception, Wonga offers safe payday loans, trusted and easy to obtain if you want to pay off an emergency Wonga has got your back.
Wonga is one of South Africa’s most trusted financial service and credit providers that offer payday loans that start from a minimum of R500 up to R4000 for new customers but if you are an existing customer and you have been paying out your loan well you can borrow a loan amount of up to R8000 and the repayment period for a new customer is up to 3 months but existing customers have a term that ranges from 3 months up to 6 months.
Requirements of Wonga Payday Loans
To be eligible for a Wonga Payday Loans you must be a South African citizen, 18 years or older, have a valid SA ID Number, a phone number and an active bank account where your salary is paid and the latest proof of salary (i.e. 3 months recent payslip or 3 months recent bank statement)
Fees and Interests
Wonga offers loans that are transparent with no fees or interest that are hidden you will know exactly how much you are going to repay before starting the loan application process, here is fees and interest representative example if you are a new customer borrowing R4000 for 3 months.
- Initiation fee: R534.75
- Service fee: R200.10
- Interest: R433.12
- Credit Insurance: R43.28
In total, if you successfully borrowed R4000 you are going to repay R5211.24 all the fees and interests included in the estimated total.
Where to Apply for the Wonga Payday Loans
If you meet the requirements mentioned above you start applying for the Wonga Payday Loans using their simple online application process
- Choose the loan amount you prefer which is up to R4000 for new customers but for existing customers is up to R8000
- Choose the repayment period which is up to 3 months for new customers but for existing customers is up to 6 months
- After you click the “Apply Now” button to conclude your loan application
Applying for a Wonga Payday Loan only takes minutes and once you are finished and your loan application gets approved you will receive your money in just 1 hour you will only be delayed by your bank.
Wonga Contact Details
- Phone: 0861 966 421
- Email: customercare@wonga.co.za
