You can apply for a Wonga Personal Loan online and be approved within seconds of your application and the money will be in the bank as soon as the entire application process is done. Wonga is a South African registered Credit provider which focuses only on online short term loans and it helps a lot of people who are in financial need with fast and affordable loans which are accessible online using a mobile phone or computer.
Wonga Personal Loans start from a minimum of R500 to a maximum of R4000 for new clients and have a fixed repayment term of 3 months and if you are an existing client you can borrow a maximum loan amount of R8000 and get a personalized repayment term that ranges for 3 months up to 6 months.
Wonga offers its new clients a maximum APR of 123% and maximum interest rate of 5% every month, for example if you borrow R4000 you’ll have to repay R1736,29 for 3 months, that is because fees of R745,05 and the 5% interest of R464,86 would have been added. Wonga Personal Loan for existing clients have a maximum APR of 78% and maximum interest of 5%
What are the documents that are required for a Wonga Personal Loan
Since Wonga loan services are all done online so you must have soft copies of the following documents:
- Recent 3 months bank statement for proof that you receive payment to your bank account
- 3 recent pay slip for proof of income
How to apply
When applying for a Wonga personal loan you must go to the website and on the home page you’ll be asked to choose the loan amount you prefer which will differ for new clients and existing clients after choosing your repayment term you’ll have to click apply to move on the other section that were you’ll be asked for your South African ID number, cell phone number, banking details and also the documents will be required for proof of income.
When you are done applying, Wonga will only take several minutes to message you your application outcome and if you qualify for the loan the amount you borrowed will only take 24 hours to reflect on your bank account.
Wonga Contact Details
To contact Wonga you can simply send them a email customercare@wonga.co.za or contact them on their call center on 0861 966 421.
other than wonga you can get more loans here
