Wonga — loans online in South Africa

Wonga offers short-term loans from R500 up to R8,000, repayable from 6 days up to 6 months, with online application and quick funding.
New customers can borrow up to R4,000 for up to 3 months, while existing customers can borrow up to R8,000 for up to 6 months.
Wonga uses a credit check and affordability assessment to personalize offers and manage risk.

Loan Terms

• Loan amount: R500 to R5,000 overall
• Repayment term: from 6 days up to 3 months
• Existing customers can apply for up to R8000 with up to 6 months to repay.
• Interest rate: fixed 5% per month for new customers; 3%–5% per month for existing customers.
• Fees: initiation fee, monthly service fee, and optional insurance are charged and disclosed upfront.

Borrower Requirements

• Age: 18 years or older.
• Identity: valid South African ID number.
• Residency: South African resident.
• Bank account: active bank account in your name.
• Income: proof of regular income (latest payslip or bank statement).
• Contact: valid cellphone number and email address.
• Credit check: you must pass Wonga’s credit check and affordability assessment.

How To Apply for a Wonga Loan

1. Use the loan slider to select your amount (R500–R5,000) and term (6 days–3 months).
2. Fill in your personal and employment information.
3. Upload your latest payslip or bank statement as proof of income.
4. Wonga performs a quick credit check and affordability assessment.
5. You receive a decision quickly; many approvals happen within hours.
6. If approved, review the offer, confirm the terms, and e-sign the agreement.
7. Funds are paid the same day if approved before 3 PM; otherwise, next business day.

How To Repay a Wonga Loan

• Repayment is by automatic debit order on the agreed due date.
• Ensure sufficient funds are available in your account on the debit date to avoid fees.
• You can also make manual repayments via EFT, Instant EFT, or Ozow.
• All interest and fees are disclosed upfront, so you know the total repayment before confirming.
• If you cannot pay on time, contact Wonga immediately to discuss options and avoid penalties.

Key Features

• 100% online, fully digital lender in South Africa.
• Fast approval and same-day funding when approved before 3 PM.
• Flexible loan amounts and terms tailored to new vs. existing customers.
• Transparent pricing: all interest and fees shown before you accept.
• Registered credit provider regulated by the National Credit Act.
• Personalized loan offers based on credit score and affordability.
• Multiple repayment options: debit order, EFT, Instant EFT, Ozow.
• Over 4 million loans issued in South Africa, totaling R11.7 billion.