Updated 15.11.2021

Boodle Loans

Boodle is an accredited lending company providing short-term loans in South Africa. They’re compliant with the National Credit Act 34 of 2005 so rest assured you’re in safe hands.

The goal of Boodle personal loans is to bridge the gap between cash flow and your personal needs. There may be times you’re short of cash and payday is yet to come. Emergency situations can leave you in financial distress, and having a Boodle personal loan can save you from disaster.

You can also use the quick loan to provide for your family’s needs or as capital in starting your own business.

Boodle Personal Loans in South Africa

Getting Your Loan at Boodle

On their official website, you’ll immediately see their ‘SmileDial’ where you can input the amount you need to borrow and the length of the repayment period. The maximum amount a member with a Boodle account can borrow is R4,000.00; the minimum is R100.00. The repayment period ranges from 2 days to 41 days.

The repayment date, repayment amount, and all additional charges will appear as you tweak the sliders of the SmileDial. After this, you can proceed with the application process and submission of requirements.

It will only take 10 minutes at most to finish their 5-step loan application process. Be specific and accurate as possible in filling out the online application form to speed up the approval process. Once done, their system will perform a credit check to see if you can afford the repayment terms and if it won’t plunge you further into debt. Once you approve the loan agreement, the amount will be deposited in your provided bank account.

You can also have your application processed manually. The approval for this takes an hour or two to complete. You’ll get an email and a text message once your application has been approved and the Boodle loan has been deposited in your bank account.

Their platform is open 24/7, 365 days of a year, and is always ready to provide instant online loans in South Africa. Ninety-seven percent of loan applications get approved within 10 minutes. If you get rejected, you can reapply again after 30 days.

All applications are kept confidential. Boodle protects the personal details you give them with utmost care. Your private data will not be shared with anyone outside the company’s business without your consent.

Boodle rewards those who regularly pay their debts on time by increasing the amount you can borrow from them. As a regular customer, you can borrow up to R8,000.00 and get even faster approval on your loan applications.

Interest & Fees

Here’s a guide on what you need to remember regarding their fees and interest rates.

  • Boodle charges a flat rate of R60.00 every month, exclusive of 14% VAT.
  • Their fees are capped at 15% of the amount you loan, excluding the 14% VAT.
  • Loans exceeding R1,000.00 are charged with R165.00 initiation fee, plus an additional 10% of the amount you’re applying for, excluding the 14% VAT.
  • Since this is a short-term loan, expect the interest rates to be a little high. They charge around 0.17% per day the moment you receive your loan.
  • Their annual interest rate is capped at 60%.

All these rates comply with the limits set by the government.

Repayment Schedule

For the repayment process, you can opt to automatically deduct the repayment amount from your bank account at the repayment date you selected.

The loan term for boodle instant loans ranges from 2 to 45 days depending how long you want to borrow the money for.

Debiting is usually done in the morning. Loans exceeding R5,000.00 are repaid in two debit orders.


To avail their Boodle personal loans, you have to be:

  • A South African citizen at least 21 years of age
  • You have a bank account where your monthly salary is deposited
  • A valid email address and mobile number
  • You must have an account with one of the following banks:
    • Absa
    • Nedbank
    • FNB
    • Standard Bank
    • Capitec

You can’t apply for a Boodle loan on behalf of another person for security reasons.

You can only have one loan at a time. You can borrow again once you’ve repaid your current Boodle personal loan.

Contact Details

People at Boodle are always ready to help. If you want to clarify a few things, you can take a quick chat with them through their chat widget. A dedicated support team will be there to answer your needs.

You can also reach them through the following channels:

Email: support@boodle.co.za

Phone: 0861-BOODLE (that’s 0861-266-353)

Website: www.boodle.co.za

If you want to pay them a visit, their office is located at 26 Girton Rd, Parktown, Johannesburg, 2193. Take note, though, of their office hours:

  • Monday to Thursday: 08:30 to 17:30
  • Friday: 09:00 to 17:30
  • Saturday: 09:30 to 13:00

They don’t do business on Sundays.