Bongo Credit - Simple, fast and responsible lending

1. Bongo Loan Terms
2. Borrower Requirements
3. How to Apply and Receive a Bongo Loan
4. Repayment Methods
5. Other Features and Conditions
6. Is Bongo Credit legal in South Africa?

Bongo is a South African short-term credit provider offering online loans from R500 to R8,000. The application, document submission, affordability assessment and signing process can be completed online. Bongo Credit (Pty) Ltd operates as an NCR-registered credit provider under NCRCP23262.

Bongo Loan Terms

• Loan amount from R500 to R8,000
• First loan up to R5,000
• Loan type: short-term loan
• The repayment amount, applicable fees and charges are presented before the credit agreement is accepted and signed
• Early settlement is allowed at any time with no extra charge

Borrower Requirements

To apply for a Bongo loan, an applicant must:

• Be a South African citizen with a valid South African ID.
• Be between 21 and 65 years old.
• Be employed or receive a regular pension.
• Have salary or pension income paid into a South African bank account in their name.
• Provide the latest three months of bank statements showing at least three regular salary or pension payments.
• Have an active cellphone number and email address.
• Pass Bongo's verification and affordability assessment.

Applicants under debt review, administration or sequestration may not qualify. An application may also be declined if income cannot be verified or the proposed repayment does not meet Bongo's affordability requirements.

How to Apply and Receive a Bongo Loan

1. Choose the required loan amount.
2. Complete the online application with personal, contact and employment details.
3. Provide the latest three months of bank statements. Statements can be submitted through a secure bank connection or uploaded as official bank e-PDFs.
4. Bongo verifies the information and performs an affordability assessment.
5. Review the loan offer and repayment amount.
6. If approved, sign the credit agreement digitally.
7. Authorise the DebiCheck mandate.
8. The approved loan can then be paid directly into the applicant's bank account.

For approved applications, funds can be transferred instantly after signing and DebiCheck authorisation. Bongo uses PayShap for payouts. New customers may complete the application and receive funds within approximately 5–15 minutes, although verification and bank processing can affect the timing.

Repayment Methods

The scheduled loan repayment is collected automatically on the agreed due date through the authorised DebiCheck mandate. The repayment date is aligned with the borrower's salary date.

Borrowers can also settle a Bongo loan early without an additional early-settlement charge. The outstanding balance and final settlement amount are available in the customer account.

For an early direct payment, Bongo provides the following bank details:

• Account name: Bongo Credit (Pty) Ltd
• Bank: FNB
• Account number: 63211184732
• Account type: Current/Cheque
• Branch code: 250655
• Payment reference: loan number

Other Features and Conditions

Bongo assesses each application using income verification and affordability checks. The final offer depends on the applicant's verified financial information.

Applications can be completed without visiting a branch, including bank-statement submission and digital signing.

If a repayment cannot be made on time, the borrower should contact Bongo support. A missed payment may result in additional costs and may affect the borrower's credit profile.

Bongo Credit (Pty) Ltd is registered under company number 2025/835143/07 and NCR registration number NCRCP23262.

Is Bongo Credit legal in South Africa?

Yes. Bongo Credit (Pty) Ltd is a registered credit provider in South Africa. The company operates under NCR registration number NCRCP23262 and company registration number 2025/835143/07. Its lending services are subject to South African credit regulations and affordability requirements.