Online pay day loans is a fairly new product in order to South Africa, as a result we've got considering all the info below to help you totally see the specifics of our very own cash advance option.

An online payday loan enables you to acquire the degree of short term bucks you need that have a fast and simple on line application. Like, as a first time Wonga buyers you could potentially make an application for up so you're able to R4000 to possess all in all, to 90 days doing regarding the big date you take from the loan. Existing users can also be pay off more than around half a year. Pay day loan should be repaid early to minimize brand new cumulative price of the credit.

Payday loan in the past enjoys often come demonstrated in good negative light. You are able to hear about "astronomical" rates and costs, and how they will have left eager people in ruins. Better, this is when the fresh new Wonga pay day loan ‘alternative' differs.