Rating based on 5 reviews

Boost Loans

  • Short-term Loans up to R8,000
  • Low-interest up to 24.50%
  • Repayment up to 6 months

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Boost Loans homepage
Author Boost Loans. Screenshot of Boost Loans website.
[Accessed August 8, 2023]

About Boost Loans

Boost Loans is a reputable South African lender that offers quick and easy short-term loans across the country.

With a commitment to reliability and compliance, they serve individuals across the country, providing a range of loan services tailored to meet diverse financial needs.

As a borrower, you can trust Boost Loans to deliver a seamless and transparent borrowing experience. With their user-friendly online platform, applying for a loan is quick and convenient. The application process is streamlined, allowing you to submit the necessary documents to complete your application effortlessly.

Boost Loans understand that financial circumstances can vary, and they strive to cater to the unique needs of every individual. Whether you’re a first-time borrower or a returning customer, Boost Loans offers customised loan solutions.

Boost Loans goes beyond credit records when evaluating loan applications

They consider multiple factors to assess your ability to repay, ensuring fair evaluations and providing opportunities to borrowers with less-than-perfect credit scores.

They value open communication and are willing to work with borrowers who may encounter financial difficulties, exploring alternative arrangements and adjusting repayment plans when needed.

With Boost Loans, you can expect prompt funds disbursement

Once your loan and DebiCheck authorisation are approved, the funds are transferred to your bank account on the same day. This ensures you have timely access to the funds, allowing you to address your financial needs with ease and peace of mind.

Choose Boost Loans as your trusted financial partner, and experience their commitment to exceptional service, transparent processes, and customer satisfaction. Whether you need short-term financial assistance or flexible loan options, Boost Loans is here to support you on your financial journey.

Timely reflection: Funds available within 24 hours

With Boost Loans, you don't have to wait long for your loan amount to reflect in your bank account. In most cases, the money will be available within 24 hours of approval.

This ensures that you can efficiently manage your expenses and focus on your financial goals without unnecessary delays.

Boost Loans Services

Boost Loans understands that financial needs can vary greatly among individuals. Whether you are a first-time borrower or a returning customer, Boost Loans offers flexible loan options tailored to your specific requirements.

First-time borrowers: Quick access to immediate funds

If you’re applying for the first time, you can easily obtain an introductory short-term loan amount of up to R2000. This quick and convenient solution allows you to address immediate expenses or unexpected emergencies, providing the financial support you need when you need it most.

Returning customers: Unlock higher loan amounts and extended durations

Boost Loans values its loyal customers. Returning borrowers who have previously used their services benefit from increased borrowing capabilities. With a positive repayment history, you can qualify for higher loan amounts of up to R8000. This option provides you with greater financial flexibility and support.

Streamlined application process for your convenience

Effortless application: Simple steps to secure your loan 

Applying for a loan with Boost Loans is a breeze. Their streamlined online application process ensures a hassle-free experience. By submitting the required documents you can swiftly complete the application. We’ve covered this in detail in the application section below.

Considerate evaluation: Looking beyond credit records 

Boost Loans understand that your credit record doesn't define your ability to repay a loan. Their evaluation process takes into account multiple factors, allowing individuals with less-than-perfect credit scores to still qualify for a loan. They consider your overall financial situation, ensuring fair and considerate assessments to give you the best chance of approval.

Rapid funds disbursement for your peace of mind

Same-day transfers: Get your money when you need it

Boost Loans prioritises swift payment processing. Upon approval of your loan and DebiCheck authorisation, the funds are typically transferred to your bank account on the same day. This means you can access the funds quickly, addressing your financial needs promptly and with peace of mind.

Boost Loans is committed to providing a seamless and transparent borrowing experience. Their attention to customer needs, convenient application process, and rapid funds disbursement make them a trusted partner for individuals seeking short-term financial assistance.

Boost Loans – Short-term Loan

  • Loan Type Short-term Loans
  • Interest Rate 24.50%
  • Loan Amount up to R8,000
  • Repayment 1 month to 6 months

Benefits of Boost Loans

  • Easy online applications
  • Flexible loan repayments
  • Quick loan approvals

Short-term Loan calculator

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

Get the funds you need with ease: Boost Loans and their hassle-free loan application

To apply for a loan from Boost Loans, you need to meet the eligibility requirements.

These requirements include having a valid South African ID, being at least 18 years old, and having a valid cell phone number. You must also hold permanent employment, earn a monthly salary, and maintain an active South African bank account.

Required documents for a short-term loan

When applying for a loan, you’ll need to provide certain documents. Boost Loans requires your most recent three months' bank statements and payslips to assess your financial situation. These documents help them evaluate your ability to repay the loan. Additionally, your valid South African ID is necessary to verify your identity.

The Boost Loans application process

Boost Loans has made the loan application process quick and convenient through its user-friendly online platform. Once you have gathered the required documents, you can visit their website and access the online application form. Fill in the necessary information accurately, ensuring that you provide true and up-to-date details.

After submitting your application, they’ll evaluate your information, including conducting a credit check. It's important to note that a bad credit record does not automatically disqualify you from receiving a loan. Boost Loans considers various factors, including your ability to repay the loan.

Loan amounts and repayment

The loan amounts available to you depend on your history with Boost Loans. As a new client, you can borrow up to R2000 for a maximum duration of one month. However, if you have previously used their services and maintained a positive repayment record, you may qualify for higher loan amounts, up to R8000.

Upon approval of your loan and DebiCheck authorisation, this lender strives for swift payment processing. Once approved, the funds are typically transferred to your bank account on the same day, reflecting within 24 hours.

What happens when you can’t pay?

Boost Loans understands that unforeseen financial difficulties may arise. In such situations, it is important to maintain open communication with them. They’re willing to work with borrowers to explore alternative arrangements and revise repayment plans. It’s crucial to contact them if you encounter any difficulties to avoid unnecessary costs and explore options that suit your circumstances.

By implementing the DebiCheck system, Boost Loans ensures the security of your loan process. This system protects against fraudulent and incorrect debit order authorisations, enhancing the overall safety of your transactions. 

Applying for a loan from Boost Loans is a straightforward process that prioritises convenience and flexibility. By meeting the eligibility requirements and providing the necessary documents, you can complete the application online and receive a swift response regarding your loan request.

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Boost Loans is a trusted & reliable provider of short-term loans

In our review, Boost Loans 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.

✅ Boost Loans is a registered credit provider in South Africa: NCRCP13607

Boost Loans Contact

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