Rating based on 9 reviews


  • Bad Credit Loans up to R4,000
  • Competitive Interest rates
  • Repayment up to 3 months

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Wonga homepage
Author Wonga. Screenshot of Wonga website.
[Accessed May 11, 2023]

About Wonga

Wonga is a leading online lender that provides short-term loans to individuals with bad credit.

The company has a rich history dating back to 2007 when it was founded in the UK by Errol Damelin. Wonga entered the South African market in 2011, and since then, it has become a trusted name in the lending industry.

Management and founders of Wonga

The company's management team is led by CEO Brett van Aswegen, who has been with the company since 2014. Under his leadership, Wonga has expanded its reach, offering innovative products and services that cater to the needs of its customers.

The company's board of directors includes seasoned professionals with experience in the finance industry, ensuring that the company is well-governed and has a sound strategic direction.

The core business of Wonga

Wonga's core business is providing short-term loans to individuals with bad credit. New customers can apply for up to R4000, with a repayment period of 3 months. Existing customers can borrow up to R8000, with up to 6 months to repay.

The company operates entirely online, making it convenient for customers to apply for and receive loans. Wonga's application process is simple and straightforward; loans are usually approved within minutes.

Their loans are designed to be affordable and transparent, with no hidden fees or charges. The company also offers flexible repayment options, allowing customers to repay their loans early without any penalty fees.

No hidden fees with Wonga

Wonga operates with transparency, ensuring that its customers are aware of all the charges associated with their loans.

There are no hidden fees, and Wonga makes all its fees completely clear upfront before customers apply. This allows customers to make informed decisions about their finances and avoid any surprises down the line.

Customer commitment is a top priority

The company practices responsible lending, ensuring that its customers are not put at risk of falling deeper into debt.

Wonga also treats its customers fairly, recognizing that they come from diverse backgrounds with unique financial needs. By offering guidance and support, Wonga helps customers make sense of their money and take control of their finances.

Wonga Services

Wonga offers a different approach to internet lending, providing a hassle-free and convenient way to access emergency cash.

With no paperwork, faxing, or snail mail, customers can receive a decision in seconds and have cash directly deposited into their bank account.

The company takes a transparent and flexible approach to lending, with upfront information on repayment amounts and no hidden fees or standard charges.

Terms designed around your needs

They have flexible repayment periods of up to six months for existing customers and up to three months for first-time applicants. Borrowers can repay their loans early without any additional fees or hidden charges.

Wonga aims to educate its customers on the true cost of emergency cash, highlighting the hidden charges and high rates often charged by traditional banks.

Why choose Wonga for your loan needs?

  • Convenience: With an entirely online service, Wonga provides a hassle-free and quick way to apply for a loan, with a decision in seconds and cash directly deposited into the borrower's bank account.
  • Transparency and flexibility: Wonga offers transparent information on repayment amounts upfront, with no hidden fees or standard charges. Customers can borrow what they need and repay on their terms, with no penalty for early repayment.
  • Responsible lending: Wonga is committed to treating its customers fairly, lending responsibly, and helping people make sense of their money.
  • Accessible loans: Wonga offers loans of up to R8000, with flexible repayment periods of up to six months for existing customers and up to three months for first-time applicants.
  • No collateral needed: Wonga offers unsecured loans, meaning customers do not need to provide collateral or assets to secure their loan.

What makes Wonga different

At Wonga, their lending process is unique in the online lending industry due to their state-of-the-art risk and decision technology. This allows them to process loan applications within minutes, making them the first fully automated lending company in the world.

Wonga – Bad Credit Loan

  • Loan Type Bad Credit Loans
  • Loan Amount up to R4,000
  • Repayment 4 days to 3 months

Benefits of Wonga

  • No hidden costs
  • Easy online loan application process
  • Low interest rates
  • Same-day loan approvals

Bad Credit Loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This bad credit loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Wonga: the stress-free way to get a bad credit loan online

With no paperwork involved, applicants don't have to go through the inconvenience of meeting with a bank manager or waiting on hold for hours.

Wonga's entire service is in real-time and online, making the process quick and easy. In addition to their speedy process, Wonga offers flexibility to their customers, allowing them to choose the exact amount of cash they need and the number of days they need it for.

This means you’re not obligated to borrow more than you need or pay interest for longer than necessary. Wonga's unique approach to online lending sets them apart from other lenders and ensures that its customers have a stress-free and personalised experience.

Make sure you’re eligible before you apply

To be eligible for a loan you must meet certain requirements. You must be a South African citizen or permanent resident, at least 18 years old, and have a regular source of income.

You must also have an active South African bank account and a valid cell phone number and email address. Wonga may also consider your credit score and affordability when assessing your eligibility for a loan.

Wonga's loan application process is designed to be simple and hassle-free. To apply for a bad credit loan, applicants typically only need to provide a few basic pieces of information, such as their name, address, and employment details. However, Wonga may require additional documentation in some cases.

Have these documents ready when you apply:

  • Proof of identity, such as a South African ID or passport
  • Proof of income, such as a recent payslip or bank statement
  • Proof of address, such as a utility bill or rental agreement
  • Bank statements or other financial documentation

So, what’s the verdict?

Wonga's online application process is as quick and easy as a snap of your fingers (or a click of a mouse, if you prefer). You won't need to wrestle with mountains of paperwork, navigate through mazes of red tape, or endure ear-splitting hold music.

With this lender, you can get the bad credit loan you need in minutes, not days. Plus, their unique flexibility and transparency make it easy to choose the amount you need and the repayment terms that work for you.

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Wonga is a trusted & reliable provider of bad credit loans

In our review, Wonga adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ Wonga is a registered credit provider in South Africa: NCRCP 12875

Wonga Contact

Physical Address

  • 1st floor, 14 Kloof Street, Gardens Cape Town Western Cape 8001 South Africa
  • Get Directions

Opening Hours

  • Monday 08:00 – 18:00
  • Tuesday 08:00 – 18:00
  • Wednesday 08:00 – 18:00
  • Thursday 08:00 – 18:00
  • Friday 08:00 – 18:00
  • Saturday 08:00 – 13:00
  • Sunday – Closed