Late Repayment Warning

Bonga Loans

APR (%) Rate: 821% View APR Example Bonga Loans APR Example
- Borrow £100 for 28 days
- Transfer fee £5.00
- Total Interest + fees £25.00
- Total repayment £125.00
Representative 821% APR.

First Loan Amount: £100 - £1000
Typical Interest Charges per 30 days: £20 per £100
Additional Charges/Fees: £5.50 transfer fee
Credit Check Required?: Yes
Debit / Bank Required?: Yes
Any Calls or Fax?: None
First Loan Issued In: 15 minutes
Maximum Loan Duration: 30 DAYS



About Bonga Loans

Bonga Loans is a brand new lender for 2012. They offer £100 - £1000 loans for 7, 14 or 30 days. Bonga Loans also uses text messaging loan service, so one can apply where ever you may be. Once you are a customer, you can apply for loans by texting BONGA + yourpersonalpin + Loan Amount + Duration to 60999, eg: BONGA 24223 250 30. This will request a £250 loan for £30 days. They are one of the cheapest payday lenders in the UK.


Criteria

Must be 18 and over!
Have a UK mobile phone number.
Have a UK bank and debit card.
Have a regular income / Unemployed OK.
All credit histories welcome to apply.


Bonga Loans Review Summary

Bonga Loans is a brand new text loan lender from BB Finance Group, and are based in London. They are new to the market and have a really simple service, you can borrow £100 - £1000 for 7, 14 & 30 days. You can apply and manage your account online via a PC, or use your mobile phone and send a SMS text message (text loans) and the cash will be deposited in your account in less then an hour. Please note: Texting (SMS) Bonga costs £1 per message + standard rate. No calls or faxing. Bad Credit not a problem. Unemployed welcome to apply. Get a Instant decision and cash in your account within one hour with Bonga Loans. Support / customer services are available online via email on normal working hours, not weekends. You can get a loan extended by contacting support before the repayment due date. You must have at least £1 on your debit card when signing up. Their APR rate is very low compared to many lenders, this makes Bonga Loans a unique lender, and a very cheap one too! They only charge £20 per £100 borrowed per 30 days! This is by far one of the cheapest lenders on the market today. They even give you an option to borrow just £100 for 7 days and it will cost you £10. Just like many lenders, they charge for a same day transfer but its a standard rate which many lenders use.



Contact:
BB Marketing Ltd, 80 to 83 Long Lane, London EC1A 9ET
Email: support[@]bongaloans.com


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  1. Dave says:

    I went through the process and they did ask a lot of detailed questions… why do they want the bank phone number is beyond me?!

    the last page the APR was 10000+ and the deal has default penalties of £45 per letter.. Alarm bells so I stopped

    • Site Admin says:

      Thanks for your comment Dave.

      For them to be asking for your bank phone number is also beyond me. I will make a note of that and put it in our review above. Thanks for highlighting this.

      I agree, most lenders have very high fee’s if you default so it’s always best to check what your getting yourself into.

      Happy New Year!

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