Wonga South Africa
Wonga South Africa offers personal loans from R500 - R4,000 with 28.5% APR. NCR-registered lender with flexible repayment terms.
About Wonga South Africa
Wonga South Africa is an NCR-registered credit provider offering personal loans to South African consumers. With loan amounts ranging from R 500 to R 4 000 and flexible repayment terms, Wonga South Africa provides accessible credit solutions.
📊 Key Facts about Wonga South Africa
| Type of entity | Credit Provider |
| Minimum amount | R 500 |
| Maximum amount | R 4 000 |
| Available terms | 0 - 1 months |
| Typical APR | 28.5% |
| Approval time | Same day |
| Payout | Same day |
| Regulated by | NCR (Registration NCRCP2996) |
| Credizen Rating | 4.1/5.0 ⭐ |
Loan Specialist | 25 years of experience
Wonga South Africa offers a solid and reliable service in the fast-loan sector in South Africa. The more limited amounts (up to R 4 000) make Wonga South Africa ideal for urgent minor expenses. I recommend Wonga South Africa especially for those who value speed and transparency in the credit process.
When to use Wonga South Africa?
- ✓ 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
Wonga South Africa is registered with the National Credit Regulator (NCR) under registration NCRCP2996.
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 | 28.5% |
| Monthly Payment | R 1 071 |
Cost Breakdown
| Principal Amount | R 10 000 |
| Total Interest | R 2 850 |
| Initiation Fee (est.) | R 1 140 |
| Total Amount to Repay | R 13 990 |
Ready to Apply at Wonga South Africa?
Get loans from R 500 to R 4 000 with 28.5% APR. Fast approval - often same day!
Apply Now at Wonga South AfricaEligibility Requirements
- ✓ 18 years or older
- ✓ South African ID or permanent residence
- ✓ Minimum monthly income R2500
- ✓ Active South African bank account
- ✓ South African bank account
- ✓ Valid ID document
Advantages & Disadvantages
✓ Pros
- • Quick approval in 5 minutes
- • Instant transfer to bank account
- • No paperwork required
- • 24/7 online application
- • Trusted brand with good reputation
- • NCR registered (NCRCP2996)
✗ Cons
- • Relatively high interest rates
- • Credit check required
- • Short repayment terms only
Frequently Asked Questions
How much can I borrow from Wonga South Africa?
You can borrow between R 500 and R 4 000, depending on your credit profile and affordability assessment.
What is the interest rate at Wonga South Africa?
Wonga South Africa offers loans with an APR example of 28.5%. 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 Wonga South Africa registered with the NCR?
Yes, Wonga South Africa is a registered credit provider with the National Credit Regulator (NCR) (Registration: NCRCP2996), ensuring compliance with the National Credit Act.
Can I apply for Wonga South Africa loans from any city in South Africa?
Yes, Wonga South Africa 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 Wonga South Africa?
Wonga South Africa 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 Wonga South Africa?
If Wonga South Africa 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 Wonga South Africa?
Wonga South Africa 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 Wonga South Africa loan early?
Under the National Credit Act, you have the right to settle your loan early. Contact Wonga South Africa 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 Wonga South Africa charge?
Wonga South Africa 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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Wonga South Africa 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 Wonga South Africa when you apply through our site. Loan approval and terms are subject to Wonga South Africa'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 Wonga South Africa 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