Wonga loans online application form, Requirements

What is Wonga loans online application?

Wonga loans are meant to fulfill short-term goals. The money that comes from these loans serves as filler in a person’s economic model. Short-term loans of a small amount can help satisfy a dearth till you have enough money in your hand.

The loan process is flexible, instant, and transparent. The loan can be in an account within an hour if the applicant’s bank processing system is fast. New account holders are eligible for R4000, and old account holders can take up to R8000 as a loan from Wonga.

How to apply for Wonga loans online application form?

Typical loan application steps are given below.

1. Visit the Wonga website and then register yourself with it.
2. Add your name, ID number, home language, marital status, email address, and password. Click on the Register tab.
3. After creating your login ID and password, you can open your account anytime and apply for a loan.
4. Check with your needs and calculate the amount you want to apply for. Add the amount in Rand after checking your limit.
5. Select your repay time.
6. Complete the remaining application form via their secure form format.
7. Add your most recent income proofs or payslips to the account.
8. Press the Submit tab to finish the application process.

Application requirements

Application requirements include;

1. South African ID number
2. Bank account details
3. Mobile phone number registered in your name
4. Your last payment proofs or income proofs.

Eligibility?

To be eligible for a loan, these are a must-have.

1. Loan applicants can only be South African residents.
2. The applicant requires to be above 18 years of age
3. The applicant must have a bank account in their name
4. They also must have a registered mobile number under their name in their possession

How to check Wonga loan Status online?

Once you have applied for a loan, checking the loan status is easy.

1. Login to your Wonga account
2. Visit the My Account page from where you can find your loan summary.
3. In there, you can see a column called Amount due today. Check the column, and that is what is due for your payment. You can also check the next expected date from this segment.

Wonga loan interest rate?

The maximum interest rate offered by Wonga to a newcomer is a 5% simple interest rate. Wonga loaners can expect to pay a 3%-5% interest rate.

How long does Wonga take to approve a loan?

Wonga grants only one loan at a time. However, if the verification takes long, the loan might take longer to get credited into your account.

Can I have 2 loans at Wonga?

Only one loan at a time is granted by Wonga. To take another loan, one must cancel the previous loan.

Conclusion

If you think a loan can manage your finances better for a month, Wonga is the right choice for South African residents. Collect anywhere between R500 to R4000 as newcomers and up to R8000 if you’re an already existing customer.