Unforeseen emergencies can be a financial crisis – where you may have to bridge your immediate expenses with little time to spare. During such periods, you may find yourself needing a ‘crisis loan’ or other funding in order to manage your cash flow and settle any sudden costs.
Fortunately, with Wonga, you can apply for a flexible, emergency loan that is designed to help you take control. We offer up to R4000 to new customers with up to 3 months to repay, and up to R8000 to existing customers with up to 6 months to repay.
A crisis can take many forms – and whether your emergency is a medical concern, an accident, or an unforeseen expense, being able to settle costs means that you’ll need to manage your money and ensure that you can budget and prioritise your spending as much as possible.
Using credit responsibly can help you bridge short-term expenses and ensure that you have cash to meet your responsibilities and take care of your loved ones.
During a crisis, you’ll want as much clarity as possible to plan ahead – and we are here to help. Before you apply for an emergency cash loan, all fees and interest – as well as the total amount you’ll need to repay – are shown clearly upfront. There are no hidden fees, and what’s even better is that you can apply securely from any device at any time.
Our application process is completely online, meaning that no branch visits are necessary. Should your application be accepted, we offer same-day payouts – and depending on your bank, your cash may arrive within two business days.
At Wonga, we take our commitment to responsible lending seriously. Our products are intended to help you bridge financial gaps and manage your cash flow. Our loan terms give you the power to repay your loan over a period that works for you, from 4 days up to 6 months.
When used responsibly, credit – such as emergency loans - can be a great tool to help you manage your finances. However, it’s important to only borrow what you can afford to repay. We’re fully compliant with the National Credit Act and the National Credit Regulator, and when you apply, we’ll need you to upload a recent copy of either your payslip or bank statement to show that you have a regular form of income.
If you are unemployed or don’t have a full-time job, you might need emergency cash to stabilise your budget and ensure that you’re able to meet your monthly expenses.
To apply for a Wonga loan, we will need to see that you have a regular form of income; this means that if you are unemployed, you are still welcome to apply for a short-term loan so long as you have proof of regular income (such as from an investment) that is deposited into your account each month and is clearly represented on your bank statements.
If you are self-employed, you can apply for a loan by uploading your bank statement, if you do not have a personal payslip.