Compare loans online

Compare loans online

Finding the right loan can be a challenge.

With so many different offers from a variety of lenders, it's important to understand what sets them apart; some lenders charge additional fees for payment insurance and some charge fees for late payments.

With Wonga, you see the full cost of your loan upfront before you apply.

Choosing your loans provider

To kick off your loan search, you need to know:

  • The amount you wish to borrow
  • The length of time or number of instalments over which you need to repay your loan

Everyone wants a certain level of service, convenience, and affordability when picking a loan – and when selecting one, you’ll need to note any restrictions that might affect your application (such as restrictive loan periods, hidden fees, or even payment penalties).

Comparing loans: short-term loans vs instalment loans

There are many options when it comes to taking out a loan in South Africa. Some lenders offer different loan amounts, different repayment terms, and many will charge different fees and interest depending on the kind of loan that you take out.

When choosing a loan, it’s important to understand what kind of loan will serve your needs best.

Short-term loans usually offer smaller amounts of cash, which is repaid over just a few days.

Instalment loans can offer a wider repayment range, where a borrower can choose to repay their loan over a set number of scheduled payments.

Online or offline borrowing?

When taking out a loan, you’ll have a number of different options to choose from. Some lenders might ask you to visit a branch or might even ask why you need a loan in the first place.

‘Online loans’ are available from a number of lenders – where you can apply online from the comfort of your smart device; usually from any time of day.

If you need help to choose, consider reading up about the advantages of online loans.

Flexible borrowing from Wonga

At Wonga, flexibility and transparency are at our core.

Providing a responsible solution for life's unexpected surprises, we differ from our competitors by putting you in control.

There are no hidden fees with a Wonga loan. We understand that life can get in the way sometimes too, and that’s why we offer a three-day grace period to give you some breathing space.

Easy Loans from Wonga start from as little as R500. If you need R4000 for a few days or a few months, we can tailor our loan to you.

If you think Wonga might be the right lender for you, take a look at our short-term loans - we offer flexible loan terms from 6 days up to 3 months for new customers and up to 6 months for existing customers.