Wonga ZA
Wonga short-term loan South Africa: R500 to R8,000, APR from 60%, repayment 1 to 6 months. Instant decision, funds within 24 hours. Regulated by the NCR. Review on CreditDeals.
Wonga South Africa — Loan Conditions
Wonga operates under the National Credit Act (NCA) and is registered with the National Credit Regulator (NCR). All fees and interest rates comply with the NCA's prescribed limits for short-term credit agreements.
Main Conditions
| Parameter | Value |
|---|---|
| Loan amount | R500 – R8,000 |
| Loan term | 4 – 36 days |
| Maximum interest rate | 5% per month (NCA cap for short-term credit) |
| Initiation fee | Up to 15% of loan amount + VAT (NCA-regulated) |
| Monthly service fee | Maximum R60 + VAT |
| Disbursement | Direct bank transfer (EFT) to South African bank account |
| Disbursement time | Within minutes of approval |
| Currency | South African Rand (ZAR / R) |
| Collateral | None required |
| Proof of income | Bank statements or payslip (for affordability assessment) |
| Early repayment | Allowed — no penalty under NCA |
Borrower Requirements
- South African citizen or permanent resident aged 18 or older
- Valid South African ID or Smart ID card
- Active South African bank account (3 months minimum)
- Regular income (employed or self-employed)
- South African mobile number
- Affordability assessment — as required by the NCA
Required Documents
- South African ID or Smart ID card
- Recent payslip or 3 months' bank statements
- South African bank account details
- Proof of residential address (optional for some applications)
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Wonga ZA — Get Money Now
Wonga short-term loan South Africa: R500 to R8,000, APR from 60%, repayment 1 to 6 months. Instant decision, funds within 24 hours. Regulated by the NCR. Review on CreditDeals.