Wonga was initially founded in London in 2009 by two South Africans, and then launched in South Africa in 2012. It offers short-term loans on a fast turnaround basis, with the aim of helping South African consumers approach short-term cash shortfalls with an equally short-term credit solution.
Wonga states on their website that they were the first company in the world to fully automate the lending process, resulting in completely objective and responsible lending decisions.
What other services do they provide?
Are they a licensed company?
Learn more about 'Wonga' process
What is the application process?
After first being founded in London, Wonga now provides short-term loans to the South African market. It offers a completely online service, so to apply for a short-term loan with Wonga, head to their website and choose how much you’d like to borrow, and how long you’d like to repay it. You will then need to fill out their online application form by inputting a range of personal, contact, financial, and employment information.
You may need to upload some supporting documentation, and you will also need to supply your bank details, so Wonga can transfer your money to you, and also direct debit your repayments. Once you’ve applied and been approved, funds will be transferred from us within minutes, so they should reach your bank account within 24 hours depending on your financial institution.
What documents/information do I need to provide during the application?
- Banking Information
- Copy of last three months of issued bank statements
- Email Address
- Mobile Phone Number
- South African ID Number
Will the lender do a credit check when making a decision?
How long will I have to wait to know if I am approved?
If approved, how long will it take to get my money?
How do I repay the loan?
Wonga will debit the money from your bank account on the agreed upon dates.
Have more questions?
Please contact us if you have unanswered questions, feedback on our service or reviews about providers on our tables. We love to hear from you.CONTACT US NOW