In Nigeria, pay day loans have become ever more popular. The development from the micro lending sector provides consumers with increased options when it comes to short-term finance needs. More folks are choosing pay day loans, mainly due to the convenience they provide.
There really are a selection of lenders that specialise in pay day loans in the country. One of these is Wonga, which promises to provide “fast little loans”.
Wonga:
Founded by two South Africans in London, Wonga uses sophisticated risk and decision-technology to facilitate quick applications which take only minutes to accomplish online.
With Wonga, you are able to get finance of up to R3000 as a new client and as much as R8000 being an existing client.
As an NCR-registered institution, Wonga is committed to responsible lending. Individuals who are approved for payday loans in Nigeria, offered by the lender, can pay for to create repayments comfortably.
Why choose Wonga?
- There is no paperwork
- There are no bank queues to hold back in
- You do not possess down the sink whenever sitting on the phone for hours
- You get flexible loans
- Applications are easy and are completed 100% online
- You get the benefit of instant approval
- It's the fastest and many convenient way to get use of short-term finance
- There are simple qualifying criteria
- Loans which are approved are based on individual affordability
- Flexible repayment terms are offered (some lenders supply to 45 days maximum)
- Repayments are simple and easy , could be arranged via debit order
What are the qualifying criteria?
- Be over the age of 18 years
- Have valid South African ID
- Be permanently employed and get a regular income
- Have an active banking account into which your salary is paid
- Have an active cell phone number
- Have a definite credit record
- Have a valid email address
