Boodle Quick Loans Review

Boodle Quick Loans is one of the most popular short term loan providers in South Africa.

Existing Boodle customers can borrow up to R8,000 to repay within 41 days when they have an urgent need of cash to cover their unforeseen or unexpected expenses.

Boodle Quick Loans

Boodle Loans allows you to borrow the amount you need quickly after being charged an interest and additional fees.

For example; if you borrow R4,000 to repay within 32 days, you will be charged R849.29 interest and fees (0.17% interest rate per day ,R60.00 service fee per month plus 15% VAT and R165 initiation fee) so your total repayment amount will be R,4842.29.

First time borrowers can borrow up to R2,500 while existing customers can borrow up to R8,000 with a repayment period of up to 41 days. The interest rate you will be charged depends on your desired loan amount and repayment terms.

You can look at your loan terms by using Smile Dial. After submitting your personal details and the application form, Boodle consultants decide whether you will be able to pay back the loan.

Boodle Short Term Loans Review: Interest Rate and Fees

  • Service fee: R60 per month plus 14% VAT.
  • Initiation fee: R165 (plus %10 of the loan value above R1,000.00 plus %14 VAT.
  • Interest rate: 0.17% per day.
  • Annual Interest rate: 60% (APR)

How To Apply For a Boodle Loan?

  1. Select your desired loan amount and for how long.
  2. Fill in the super quick fast cash loan application form.
  3. Create your personal Boodle Online account.
  4. Boodle will perform a credit check and make a loan offer.
  5. Therefore, the loan amount you need will be delivered into your account within 10 minutes.

Why To Choose Boodle Quick Loans?

  1. Quick approval process allows you to learn whether you are approve in a short time.
  2. Application process of Boodle Loans is simple, fast and takes under 10 minutes as Loans in South Africa
  3. There is no need to go through long paperwork or wait in long queues.
  4. You have a chance to select your exact repayment dates and total repayment amount.
  5. Since all dealings are transparent, you have a chance to learn about loan costs including additional fees, VAT and interest before applying for a loan so you will not face unpleasant or hidden surprises.
  6. If you are confuse or have some questions you can start a live chat with Boodle support team staff.
  7. Your personal details will remain safe and secure.