How long do wonga take to approve

If you search for Wonga loan alternatives, you might find more options than short term loans. However, I must clarify Wonga works on other countries outside South Africa.

As regards South Africa, they only work with short term personal loans. Basically because, as I mentioned, Wonga needs a proof of income to accept a loan petition. You might get financial help from a family or a pension, so in that case, you have funds to cancel the money. Wonga takes care of processing loan request as fast as the application is submitted. In turn, when you have to face an emergency, you can rely on Wonga doing the quickest job to give you an answer right away.

Of course, it will only be useful to pass through a bad time not to pay for university, for example. This is when Wonga can assist you with their loans providing you meet the requirements.

In the same way Wonga can help students, they can financially assist businesses. All the same, whether these loans work for your business or not depends on what you need to pay for. If you need to boost your company, you are surely looking for a high quote.

In that case, it might be more useful to turn to a bank dealing with business loans. So, they might reject you increasing your loan unless your income is more than enough to cancel the final amount. Wonga only grants a loan at a time so; you need to cancel your current loan before asking for another one. As Wonga takes full responsibility on their clients, they know time is money.

So, they put all their effort on going through each application quickly to get to the loan approval. Consequently, you have great chances of getting your funds into your bank account the very same day you apply.

This is one of the most practical benefits Wonga offers on their loans. They take the money right from your bank account on a previously arranged date. Wonga lets clients to apply at any time, Saturdays and Sundays included. However, as transferring money is a bank operation, they can only make the loan deposit on working days. So, keep this in mind for the day you apply for a Wonga loan.

Sure, there are! Direct lenders refer to those entities lending money on their own, like Wonga does. So, there are plenty on companies working in a similar way. Cash Converters Loans , for instance, offers up to 3 installments to cancel the loan.

If I take Wonga loan products and analyze them, I can see they have pretty good idea about dealing with short term or payday loans. Do I have to pay back my Wonga loan? Why has Wonga failed? Why did Wonga shut down? Does Wonga loans show on credit report?

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OK, understood. This is what makes it possible for you to get your response in real-time as opposed to waiting a few days. As an applicant, the lenders on our panel may give you one of three responses. Usually, it will be clearly communicated to an applicant the reasons that may have forced the loan institution to come to such a conclusion. In simple terms, this type of response means that the loan institution needs more time to look through your details and ultimately determine whether or not your loan application is viable.

The waiting time, in this case, is usually a maximum of 24 hours. If you qualified for the loan and have the money in your account, what next? When filling in your loan application details you provided your account information. On every loan payment due date, cash is deducted from your account to repay the loan. To avoid breaching the loan agreement make sure you have enough money in your account on repayment dates.

If you are having trouble making scheduled payments due to unforeseen circumstances, please contact your lender who may be able to offer assistance.