General conditions

What you’ll need
Up to R 3000 for new customers
37 days
1. A cellphone number, 2. SA ID number, 3. Bank account details, 4. Most recent proof of income


About Wanna loan

WannaLoan is a South African online financial services provider. It offers small, quick short-term cash loans to the South African market. One of its most famous products is the payday loan. This type of loan characterised by a modest amount of money and is repayable on the debtor’s next salary payment date.

The service was birthed out of a gap in the market, where South Africans did not have access to small, short-term loans, or where the loan applications were long and tedious and were almost always declined.


Wannaloan being an online service has all its processes on a computer interface and provides instant communication, 24/7. They quickly assess the risk of the applicant and deliver a response within minutes. While the ease of service is one of Wanna Loan’s trademark, they still encourage responsible borrowing where one borrows within their affordability range.

How to apply for a loan

Applying for the loan is done in three quick and easy steps. First, the applicant must use the sliders on the website’s interface to select how much money they need to borrow and for how long (that is, when their next pay date is). Next, the applicant is prompted to enter personal details. This information will be used to estimate how creditworthy the applicant is and whether or not will be able to afford the repayments, which is a risk assessment. Once that details are submitted, the applicant should await the outcome of application which is usually within minutes of applying. 

What next after approval

Upon approval, Wanna Loan will do their final verification checks and pay-out within an hour of this approval into the successful applicant’s bank account.

How long does it take

If the loan application is made on a weekday, the whole process from application to pay-out is regularly complete within one working day. If the application is done over the weekend and the application is approved, payment will usually be arranged on the next working date.

Breakdown of the pay day loan

The total repayment amount will be the loan amount plus interest and fees. Those fees constitute the cost of lending the loaned money over the period of time it has been borrowed for. The interest is calculated as a rate per day. So the further the borrower’s payment date is, the more they are charged. The sliders on the website will, however, reveal how much exactly would be required to pay back for a particular amount over a particular loan period or duration. Borrowers are welcome to settle their debt earlier than their pay date, this will actually reduce their debt or repayment amount.

Bad credit history, this is not a problem

Wannaloan applicants with a bad credit history, those who were blacklisted, have solutions against them or were listed as slow payers, as well as EasyPayday Loans applicants can also apply for loans. Lending criteria must be met: this is a candidate for citizenship of South Africa aged 18 years and older, working full time with a monthly salary date and a valid bank account.

Wanna Loan — Quick Online Payday Loans South Africa
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