Boodle
Boodle offers personal loans from R500 - R8,000 with 60% APR. NCR-registered lender with flexible repayment terms.
About Boodle
Boodle is an NCR-registered credit provider offering personal loans to South African consumers. With loan amounts ranging from R 500 to R 8 000 and flexible repayment terms, Boodle provides accessible credit solutions.
📊 Key Facts about Boodle
| Type of entity | Credit Provider |
| Minimum amount | R 500 |
| Maximum amount | R 8 000 |
| Available terms | 0 - 1 months |
| Typical APR | 60% |
| Approval time | Same day |
| Payout | Same day |
| Regulated by | NCR (Registration NCRCP4987) |
| Credizen Rating | 3.6/5.0 ⭐ |
Loan Specialist | 25 years of experience
Boodle is a viable option for those seeking quick loans, though with some considerations. The more limited amounts (up to R 8 000) make Boodle ideal for urgent minor expenses. Make sure to compare conditions well and read all terms before applying.
When to use Boodle?
- ✓ Emergencies you can resolve quickly
- ✓ Unexpected expenses that cannot wait
- ✓ When you need money within 24-48 hours
"As an expert with 25 years in the financial sector, I evaluate each lender based on transparency, real costs, and user experience. This recommendation is continuously updated based on market changes."
🔒 Security and regulation
Regulated by NCR
Boodle is registered with the National Credit Regulator (NCR) under registration NCRCP4987.
Data protection
Complies with the Protection of Personal Information Act (POPIA). Your information is encrypted and not shared without authorization.
Cost transparency
All costs must be included in the APR (Annual Percentage Rate). Demand to see the total cost before signing any agreement.
Consumer rights
Protected by the National Credit Act (NCA) and Consumer Protection Act. You have the right to early settlement without penalties in most cases.
Loan Details
Loan Amounts
Repayment Terms
Interest Rate
Representative example. Actual rate depends on your credit profile.
Key Features
Loan Cost Example
Representative Example: This shows estimated costs for a typical loan. Your actual costs may vary based on your credit profile.
Loan Details
| Loan Amount | R 10 000 |
| Loan Term | 12 months |
| APR | 60% |
| Monthly Payment | R 1 333 |
Cost Breakdown
| Principal Amount | R 10 000 |
| Total Interest | R 6 000 |
| Initiation Fee (est.) | R 1 140 |
| Total Amount to Repay | R 17 140 |
Ready to Apply at Boodle?
Get loans from R 500 to R 8 000 with 60% APR. Fast approval - often same day!
Apply Now at BoodleEligibility Requirements
- ✓ Age 18-60 years
- ✓ South African citizen
- ✓ Minimum monthly income R2,000
- ✓ Valid bank account and ID
- ✓ Active debit order facility
- ✓ South African bank account
- ✓ Valid ID document
Advantages & Disadvantages
✓ Pros
- • Very fast approval (5-10 minutes)
- • Short-term emergency loans
- • Simple online application
- • Same-day payout if approved early
- • No long-term commitment
- • NCR registered (NCRCP4987)
✗ Cons
- • Maximum APR 60% (very high)
- • Very short repayment terms only
- • Small loan amounts only (max R8,000)
- • Strict credit requirements
- • High penalties for late payment
- • High interest rates (typical APR 60.0%)
Frequently Asked Questions
How much can I borrow from Boodle?
You can borrow between R 500 and R 8 000, depending on your credit profile and affordability assessment.
What is the interest rate at Boodle?
Boodle offers loans with an APR example of 60%. The actual rate you receive will depend on your individual credit assessment and affordability.
How long are the repayment terms?
Repayment terms range from 0 to 1 months, giving you flexibility to choose a term that suits your budget.
Is Boodle registered with the NCR?
Yes, Boodle is a registered credit provider with the National Credit Regulator (NCR) (Registration: NCRCP4987), ensuring compliance with the National Credit Act.
Can I apply for Boodle loans from any city in South Africa?
Yes, Boodle accepts applications from residents across South Africa, including major cities like Johannesburg, Cape Town, Durban, Pretoria, and many others. The application process is fully online, making it accessible regardless of your location.
How do I know if I can afford a loan from Boodle?
Boodle conducts an affordability assessment as required by the National Credit Act. Your monthly repayment should not exceed 30-35% of your net monthly income. Use the loan cost calculator on this page to estimate your monthly payment.
What are the alternatives to Boodle?
If Boodle doesn't meet your needs, consider other NCR-registered lenders offering similar loan amounts and terms. Compare multiple options to find the best rates and terms for your situation.
How long does it take to get approved by Boodle?
Boodle typically provides fast approval decisions, often within hours of application. Once approved, funds can be disbursed quickly, sometimes on the same day.
Can I settle my Boodle loan early?
Under the National Credit Act, you have the right to settle your loan early. Contact Boodle directly to get an early settlement quote. Early settlement may reduce the total interest paid, but check if any early settlement fees apply.
What fees does Boodle charge?
Boodle charges fees in accordance with NCR regulations. Common fees include an initiation fee (capped at 15% of the loan amount, maximum R1,140) and monthly service fees (maximum R60). Always review your loan agreement for the complete fee structure before signing.
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Boodle accepts loan applications from residents across South Africa. Apply online from these major cities and more:
Apply Now
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View All LendersDisclaimer: Credizen is a comparison platform and not a lender. We receive compensation from Boodle when you apply through our site. Loan approval and terms are subject to Boodle's credit assessment and affordability checks.
Responsible Lending: Before applying, ensure you can afford the monthly repayments. Defaulting on credit agreements can negatively affect your credit score. This information is provided for comparison purposes only. Always read the terms and conditions from Boodle before accepting a loan offer.
Emergency Financial Help
If you're experiencing financial difficulties, contact your local financial counseling service.
- South Africa: National Credit Regulator - 0860 627 627
- Romania: ANPC - 0213142200
- Colombia: Superintendencia Financiera - (571) 594 2222
- Poland: KNF - 22 262 5000