Wonga offers flexible short term loans to help South Africans manage cash flow gaps fast. You can get up to R5000 if you’re a new customer and up to R8000 if you’re an existing customer. Repayment terms range from 3 to 6 months, with transparent interest and fee structure.

If you complete your application before 5pm and get approved, funds are paid out into your account in under 15 minutes. Besides, Wonga provides clarity upfront—no hidden costs or surprise charges along the way.

How to Apply
Start by choosing the loan amount that fits your needs. Set the desired repayment period from 31 to 81 days. Then, fill in the online form with your mobile number, SA ID, bank account and proof of income. After submitting, you’ll see the costs clearly. Approve the terms, and, once verified, your loan is sent to your bank account quickly.

What Are the Pros?
One key benefit is the speedy payout—approved applicants receive money in under 15 minutes if they apply before the daily cut-off. Additionally, flexible repayment options let you save on interest by repaying early if you can.

Another plus is the transparency: Wonga details all fees up front, making budgeting easier. Existing customers also access larger amounts and longer terms, which is convenient if you need more.

What Are the Cons?
On the downside, fees and interest can be higher for those with poor credit or those who opt for the maximum amount. If you’re applying outside working hours, expect delays until the next business day.

Also, Wonga loans are only available if you have an active bank account and steady proof of income. If your employment or financial situation isn’t stable, you might not qualify.

Our Verdict
Wonga is a practical choice for short term loans in South Africa, especially if you need cash quickly and want certainty over fees. The easy application and clear terms make it user-friendly, but rates may be less competitive for larger, longer-term loans. If you value speed, clarity and flexible repayments, Wonga stands out.