There has been quite a great deal of debate over who claims the title as the best short-term loan provider in South Africa. There are a few short-term loan providers competing for the title, but we have reviewed quite a few and decided from our point of view, that Wonga (www.wonga.co.za) is the best in the country.
Wonga offers flexible, short-term loans that give you back control. You can apply online for loans of up to R4000, if you are a new customer, offering you the opportunity to get a small loan and repay for up to 6 months, all without breaking the bank!
What makes Wonga the best short-term loan provider is their user-friendly website, and they offer great service and transparency in terms of interest and fees, by displaying them online before you apply for the loan.
This gives you peace of mind in ensuring that there are no unexpected or hidden fees, and you can rest assured that your loan is in safe hands and you can repay on the date you request. If you decide to repay earlier than you originally promised, you will save on interest and fees.
Please note that due to new laws surrounding the National Credit Act, Wonga will need to ensure that you are fully capable to repay your loan - this means that when applying, you will need to upload your most recent payslip or bank statement to prove that you have a regular income and can repay any credit you borrow.
Wonga's best quality is that they are always able to adapt and to stay up-to-date with best practices and legislation. This has empowered them to become one of the most reputable lenders in the short-term credit industry, and we are sure Wonga will continue to serve consumers for many more years to come.