Short term loans are a method of financing in South Africa. They are an alternative option to traditional payday loans. People usually apply for a short term loan online, with the loan typically lasting for up to three months for a maximum of around R4000.
Short term loans are great when you need cash for an unexpected expense or grudge purchases you haven't budgeted for, but they’re not always easy or quick to get. Wonga offers short term loans that are easy to apply for and quick to receive.
Sometimes you just need access to a quick loan that provides flexibility and convenience. The problem is that most short term loans and a lot of unsecured loans from banks will only let you borrow set amounts and penalise you for paying it back quickly. But now there's a totally new way of borrowing cash – introducing the new breed of short term loan lenders... Wonga.
A lot of short term loan providers claim not to do a credit check on loan application, which is in contravention of the National Credit Regulations. With Wonga, in order to get a short term cash loan, you'll have to pass our credit check, which usually only takes a few seconds. When you do, you'll be able to take advantage of our short term loans and get the funds in your bank account within the same day of your application. Most customers receive their funds within a couple of hours once approved.
We advise that our short term loans should only be used when you are faced with an unexpected expense you haven’t budgeted for and you should only borrow what you can afford to repay within a month. Just think of it as a cash advance before your money comes in.
When there's too much month at the end of your money and you have a tough time covering your expenses, Wonga can help you get by until your next payday, so you can continue living your life.
We’ve worked hard to make our application process quick and easy. Just follow the steps below.