A Boodle loan is a short-term personalized unsecured credit designed for unexpected expenses. Boodle is best to cover the mid-month expenses while waiting for your month-end salary.
Boodle is a registered credit provider that offers simple and quick online loan applications to help customers get cash fast.
So if you are looking for a lender that offers small affordable loans, then you might want to consider the Boodle loan – see why below.
Boodle offers an easy-to-use personal loan calculator that gives you access to the quick application form.
But to save time, please use our free loan calculator below to estimate how much the Boodle loan will cost you.
Unfortunately, our loan calculator does not include other fees Boodle will charge you such as the following:
- R165 + 10% loan value + 15% VAT
- R4.50 insurance per R1,000 of your loan
How to Qualify for the Boodle loan
Boodle says their application and approval process takes about 10 minutes to give you an answer however all these depend on the information you provide to them.
To qualify for any type of credit, you must meet the minimum loan application requirements the lender has set out such as the following:
- A great credit ratings score
- Proof of employment
- Proof of banking and latest statements
- Proof of residential address
Boodle will use the above information to assess your application for affordability and credit history. Once they’ve determined the offer for their quick loan, you’ll get a personalized interest charged on your Boodle loan.
Review the Boodle loan offer, agree to the terms, and get paid the same day. You can use the loan however you want, but responsibly of course, to make repayment more easier for you.
Pros & Cons
- Online application
- Quick payout
- Debit order repayment
- Responsible lending – can only have one loan at a time
- Boodle only works with certain banks, i.e. Absa, FNB, Standard Bank, Nedbank, and Capitec
- No joint borrowing
To find out more about the Boodle loan, use the contact form on their website (www.boodle.co.za) and a consultant will call you back.