The demand for personal loans has continued to increase around the South African financial markets. More and more consumers are opting for these personal loans to meet pressing and urgent personal financial commitments like school fees, medical expenses, home renovation costs, vehicle maintenance costs or even just taking a holiday. With many service providers competing, innovation becomes very critical. One institution which is leading the pack is Wonga.
Wonga was established in London by two South Africans who wanted to turn the credit market upside down and build one of the most innovative businesses around. Wonga has made it its mission to solve peoples short term and urgent cash flow problems with an equally short term and responsible solution. Wonga offers small, short term loans online with more speed, convenience and flexibility than banks, traditional lenders and other websites.
Applying for Wonga finance is very easy because its done online from start to finish.To kick-off, use the sliders on the home page to decide exactly how much cash you want to borrow and how many days you need it for. You will then be shown the full cost and, once you’re happy, click apply. You will be asked for some personal details and banking information for a super-speedy credit check.
Feedback is normally provided instantly and if approved,cash is sent to your bank. On your chosen date, a single payment is collected from your bank account, so you just need to ensure the required funds are available.
You can initially request any amount up to R3,000 and, should you choose to use Wonga more than once and provided you use the service responsibly, this firm may gradually increase your Wonga trust rating, giving you more borrowing flexibility if you ever need it. Once you have an account, you’ll find the application is even faster next time around.
Wonga can be contacted on 0861966421.