What Are Boodle Loans? How To Get Them?

Fuss-free application, quick and simple procedure, and instant short-term loan solutions! Yes,  Boodle Loans offers the best, most reliable, short-term loans for those dealing with unstable financial situations. Here in this article, we will look at the in-depth details about what Boodle loans are, how you can apply for them, their eligibility requirements, and other relevant information.

What Are Boodle Loans? How To Get Them?

Boodle Loans is an instant loan-providing company offering short-term loans within no more than 10 minutes after application approval. These are instant loans, and you can get up to R 3000 if you are a new customer with a repayment schedule of 2 to 32 days. 

Moreover those who are already a customer of Boodle can apply for a significant amount as a loan. Well, these Boodle loans can help you pay for emergency expenses, month end cash crunches, small purchases/payments or sometimes to cover the cash flow gaps. 

One thing you have to keep in mind is that these are high interest loans that actually make them less ideal for long term purposes. After you fulfill the eligibility requirements you then have to apply for the loan via their online application setup. 

Then you have to attach certain documents and then have to wait for the approval. Let’s first discuss the eligibility requirements an individual has to fulfill beforehand. 

Eligibility Requirements 

Here is the list of eligibility requirements that you have to fulfill to apply for the loan. Make sure to meet the minimum eligibility criteria so that your application gets approved instantly. In order to apply for Boodle loans, you have to make sure that

• Your age is over the age of 18 years. 
• You also have to make sure that you have a South African identity card with you.
• Moreover, you have to make sure that you own a South African bank account on your name.
• You should also be receiving a regular monthly income.

How To Apply? Application Procedure

In order to apply for Boodle loans, here is the step by step procedure that you have to follow as it is. Make sure to understand the guide so that you can apply for the loan with much ease and convenience. In order to apply for Boodle loans, what you have to do is to,

• Visit the official website of Boodle by clicking on boodle.co.za/ . 
• Then you have to sign up for an account if you do not have an account . Alternatively, if you already have an account on Boodle, you can simply login using the credentials that you have created when signing up for the account. 
• You can create the account by simply providing your email address and creating a strong password. 
• There is this loan calculator tool in the display page of the official website of Boodle. This is the first step. 
• Here you have to use the slider and have to select the money you want to borrow. The company offers loans up to 8000. You have to select the loan amount. 
• Then you have to select the repayment term. 
• As soon as you finalize the loan amount and repayment term, the calculator will display the total repayment amount that you have to pay. 
• Read the details and understand them carefully. This majorly includes interest charges, applicable fees and principal amount of loan you want to get. 
• Then you have to login to your account and fill out the application form. 
• You have to provide your personal details, your income details, financial details and employment information in the application form of Boodle loans. 
• Now you have to upload all the necessary documents as mentioned below. 
• After uploading the documents, filling the application form, and rechecking it you have to click on submit.
• Now you have to wait for the review of your application. 
• This process is really quick. If your application is accepted you will receive a loan agreement. 
• Make sure to read it carefully and understand it before signing it.
• After accepting the terms and conditions of the loan agreement, Boodle will directly deposit the loan amount in the bank account you have provided. 

Documents You Need To Submit 

When applying for Boodle loans you have to upload the following mentioned documents. 

• Your identity proof in the form of a South African ID card. 
• Your income proof in the form of payslips or financial statements.
• Recent three months consecutive and stamped bank statements

Contact Details

In case you have any questions and queries, you can contact Boodle via their customer support service. The company provides you with several choices to contact them. 

• You can simply give them a call on 0861 266 353. 
• Or can simply drop an email on [email protected]. 
• Moreover, click on this link boodle.co.za/contact/ and you will land on to the contact page.
• Then you have to scroll down until you see the columns of name, email address, subject and message. 
• Fill in the columns and click on “Submit.” 
• The company will contact you on its own and will solve your problems.

FAQs

Is Boodle a safe platform to apply for loans? 

Yes Boodle is the safe platform to apply for loans as the company has implemented multiple safety measures to ensure confidentiality and safety of the customer’s data. Moreover,  the company also performs regular audits and updates to keep up with evolving threats and because it is a registered credit provider in South Africa it works under the laws of National Credit Act and

Protection of Personal Information Act that actually makes it much safer and reliable.

How long does it take to receive my loan from Boodle? 

The average processing time of application review is no more than half an hour. It varies on the basis of the documents you have submitted and the information you have provided. Moreover, if your application gets approved, the loan is dispersed into your account on the same day of approval.

What are the repayment options of the loan from Boodle? 

There are different repayment options that Boodle loans offer to its customers. One of the most common ways to repay a Boodle loan is via debit order. Moreover you can also go with an electronic funds transfer method where the repayment amount is transferred manually from your bank account to Boodle bank account.

Conclusion

Boodle loans are reliable loans with quick and instant loan dispersion after approval. The company offers loans up to R 8000 for eligible individuals. In order to apply for Boodle loans you need to pay attention to the above article that tells you everything about the Boodle loans and how you can apply.