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Our Help Guide to Unsecured Loans. What exactly are unsecured loans?

A unsecured loan, generally known as an instalment loan, is an advance of credit from the loan provider typically over a length of 2-6 months. The mortgage is paid back via a few payments that are pre-scheduledor ‘instalments’) over the timeframe regarding the agreed loan period. Typically, signature loans final for as much as half a year with a loan that is maximum of R4000 for brand new clients. But, this can differ centered on your provider.

Wonga signature loans through the outbreak that is COVID-19

Through the COVID-19 pandemic and mandated shutdown period, we remain focused on accountable lending and providing easy, reasonable, monetary option.

To keep up-to-date with any brand new modifications, check out our COVID-19 update web page.

In regards to the Wonga Unsecured Loan

Representative loan instance:Total cost for a R4000 personal bank loan for half a year: R5811.78Product Access: Our loans that are personal available online 24/7, 365 days per year.

Personal Bank Loan Calculator

For more in depth information about our signature loans be sure to consult our unsecured loan calculator below.

The Wonga personal bank loan Calculator provides an in depth breakdown regarding the instalment that is monthly necessary for different loan quantities for durations as short as 1 month or over to half a year in extent.

*All loan examples above are determined with a repayment that is fixed of this 25th of every thirty days.

Is a unsecured loan different from a quick payday loan? Continue lendo