WONGA Payday loans in South Africa
An Online Payday Loan
You can apply for our payday loans online over any device that connects to the internet, our entire process is 100% online from start to finish. We don’t ask you to fax us any documents or to come to our offices to collect your money. We want you to be able to access Wonga where it’s convenient for you, whether that be at home, work, the coffee shop or the library.
A Direct Payday Loan
There are two types of payday loan website; ‘brokers’ and ‘direct lenders’. Wonga is a direct lender, which means we offer payday loans directly to our customers through our own website. Going direct with Wonga means you avoid potential broker fees or middlemen. The direct approach also reduces the risk of miscommunication as the lending facts are presented clearly before you apply.
Is there such a thing as “blacklisted”?
The term “blacklisted” is from the past, that was used for negative information on someone’s credit report. It is not used by credit bureaus anymore. It comes from years ago when only negative information was collected by credit bureaus.
Today, credit bureaus include positive as well as negative information about you. Your credit score gets calculated using the data from all your accounts and credit agreements. The higher your score the more likely you will be given credit by a lender. Of course, the opposite also rings true, the lower your score the more likely you are to be turned down.
Repayment Term on Payday Loans for Blacklisted
You can pay back the cash in 30 days when getting your next paycheque. But if you want to, the lender allows you to pay off the loan even earlier in two weeks only so that you do not have to pay more interest charges. But if you are able to borrow a greater amount, the lender will approve you the cash for even two to three months, depending on the loan amount.
Who is Eligible for Blacklisted Cash Loans?
Do not worry if you are blacklisted. We can still find out the lenders who approve payday loans for blacklisted. But you have to fulfill the following conditions.
- Your current age must be above 18 years
- You must be a resident of South Africa
- Prove your employment status by giving salary slips of the past three months
These are the only parameters for approval of blacklisted payday loans for people like you.
No Credit Checks
You are blacklisted because of you defaulted on payment of bills and loans in the past frequently. The lenders, therefore, do not believe your pleas of making timely payment for the fresh loan. However, we understand your urgent need for cash very well. So, we have the lenders in our panel who do not make any credit check on any borrower including people like you who are blacklisted.
Short Term Loans also known as: (short term cash loans, short term loans online, fast loans, easy loans)
Our short term online loan service is free & confidential, providing customers convenient and private access to cash when they need it most, matching prospective borrowers with prospective lenders for short-term loans. Qualifying for final approval of short term loans depends on many factors including, but not limited to credit rating, your affordability as well as your employment status.
Are payday loans the right choice for you?
- Wonga loans are only suitable for short term use, they may not be the cheapest credit option available to you.
- Late repayment of your loan will mean extra costs to you and may have a negative effect on your credit rating.
- We do not recommend using our loans to manage your existing debt. Learn more about debt management advice here.
- If you need to take out loans regularly, Wonga may not be the right option for you.
- You can compare loans online to find the best fit for you.
- You must be 18 years or older and a South African resident with a bank account to apply for one of our loans