Instant cash loans

Instant Cash Loans

We often see adverts for ‘instant cash loans’ online, but is there really such a thing as an instant cash loan? The short answer is NO. Many lenders promise instant cash to their customers but in all cases, this is not true. ‘Instant’ loans offered over the internet might be much faster than ‘traditional’ loans, but it still takes time for a loan provider to process an application, analyse loan affordability, and arrange payments.

At Wonga, we won’t make promises to you that we cannot deliver. Our cash loans are fast and convenient due to our application process being fully online. You don’t need to send us any faxes or make any phone calls – the whole application process can be accessed from start to finish on your computer, tablet or smartphone.

While not ‘instant’, our cash loans are quick and simple – and we’ll make sure that any cash you decide to borrow is in your bank account as quickly as is possible.

How Wonga loans work

Visit the Wonga homepage and use the sliders on the loan calculator to work out the cost of your loan before you apply. Wonga wants to be 100% transparent in how we work, which is why this is the first step in the application process. You’ll instantly be able to preview your total loan amount, which will include both fees and interest as well as your chosen repayment date – allowing you to understand the exact cost of your loan before you make a commitment.

Different from a payday loan

Wonga is different from other lenders due to the level of flexibility we offer with our cash loans. Wonga offers short-term loans as small as R500 for 4 days up to R8000 for up to 6 months, or any combination in between. Wonga offers this degree of flexibility because we want you to be in total control of your money and finances, and Wonga can help you do that. Most importantly, Wonga will never encourage you to borrow more money than you - can comfortably afford.

Wonga has a lot to offer

You can find borrowing and debt advice on the Wonga website. This is further evidence to support the fact that Wonga believes in responsible lending and encourages responsible borrowing.

While an instant cash loan might be impossible for any online lender provide, we do offer fast, affordable, and convenient cash loans.  Learn more about Wonga, how we’re different and what makes our online payday loans unique.