Loans like Boodle: what else is out there
Boodle is an online lender for small short-term loans. Here is what it offers, and similar NCR-registered lenders to compare.
Compare similar providersWhat Boodle offers
Boodle is run by Boodle (Pty) Ltd, based in Braamfontein, Johannesburg. It is an NCR-registered credit provider that lends online.
New customers can borrow R500 to R5,000. Returning customers can borrow up to R8,000, based on repayment history and affordability. You repay over 1 to 6 months.
You apply on its website and confirm with a one-time PIN sent to your cellphone. Boodle says it will not lend to people who are already "debt stressed".
| Company | Boodle (Pty) Ltd (2010/020539/07) |
|---|---|
| NCR registration | NCRCP5361 — confirmed on the NCR register |
| Products | Short-term personal loans (online) |
| Amounts | R500 – R5,000 for new customers; up to R8,000 for returning customers |
| Terms | 1 – 6 months |
| Costs as published | Interest of 0.17% a day (stated APR 60%). Initiation fee of R165 plus 10% of the amount above R1,000, plus VAT. Service fee of R60 a month plus VAT. |
| Payout (their wording) | Online process: cash paid "within 10 minutes once you accept your quote and your application has been approved". If staff handle it manually, "this process can take up to 2 hours". |
Boodle's own example: R6,000 over 6 months at 3% a month. Initiation fee R765, service fee R69 a month and credit life R18 a month. Monthly instalment R1,315; total repayable R7,890.
What Boodle asks for
- A valid South African ID
- Access to internet banking
- Income you can verify for the last 90 days
- Aged 18 or older
- A cellphone to receive a one-time PIN
From Boodle's own website and the NCR register, checked October 2026. Boodle is not one of our partners and we earn nothing if you apply there.
Who Boodle suits
May suit you if
- You need a small loan of R500 to R8,000
- You want to repay over 1 to 6 months, not in one go
- You use internet banking and can show 90 days of income
Check first
- First loans are capped at R5,000
- Missed payments add a default fee of R75 a month (excl. VAT)
- Boodle's own example includes credit life insurance
Providers similar to Boodle
These are NCR-registered direct lenders for small loans. Century lends R500 to R8,000 over 5 to 180 days, close to Boodle's range. The others lend R500 to R4,000 or R5,000.
NCR-registered lender · NCRCP22362
R500 – R4,000 · Payday (repayable on your next salary date)
We may earn a commission if you apply through these links. It doesn't change what you pay. How we make money.
How to choose
- Check the provider's NCR number on the NCR register. A loan-matching service must tell you which lender you'll sign with.
- Compare the total amount you will repay, in rand, not only the interest rate.
- On short-term loans, a first loan may cost at most 5% interest a month, an initiation fee of R165 plus 10% above R1,000 (at most R1,050, and never more than 15% of the loan), and R60 a month in service fees. VAT is added to the fees. See our responsible lending page.
- Apply to one or two providers at a time. Many applications in a short period can hurt your credit score.
- Already struggling with repayments? Talk to a registered debt counsellor before you borrow more.
Boodle alternatives — frequently asked questions
Is Boodle legit and NCR registered?
Yes. Boodle (Pty) Ltd is a registered credit provider, NCRCP5361. We confirmed this on the NCR register in October 2026.
How much can you borrow from Boodle?
New customers can borrow R500 to R5,000. Returning customers can get up to R8,000, depending on repayment history and affordability. Terms run from 1 to 6 months.
What do you need to apply at Boodle?
Boodle asks for a valid South African ID and access to internet banking. You need income you can verify for the last 90 days. You must be 18 or older.
What can I do if Boodle declines me?
Find out why, and check your credit report for errors. Then compare other NCR-registered lenders, such as those above. Apply to one or two providers at a time, not many at once.
What if I can't repay my Boodle loan?
Contact Boodle early. It says its collections team will help you agree a payment arrangement. If you are over-indebted, speak to an NCR-registered debt counsellor about debt review.
Sources
- Boodle – home page and representative example
- Boodle – support and FAQs
- Boodle – contact details
- NCR – register of registered credit providers
Related guides
More on borrowing in South Africa, from the same series.
Wonga Alternatives
Looking for loans like Wonga? Wonga lends new clients R500 to R5,000 over up to 3 months. See similar NCR-registered lenders and what to check in 2026.
Other SA Lenders, ComparedAfrican Bank Loan Alternatives
Loans like African Bank in 2026: its Personal Loan offers R2,000 to R500,000 over 7 to 72 months. See what it asks for and compare similar options.
Other SA Lenders, ComparedFasta Loans Alternatives
Looking for loans like Fasta? Fasta offers cash loans from R800 to R15,000 over 1 to 6 months. Compare similar SA providers and what to check in 2026.
Or browse all 28 borrowing guides, compare our full lender panel, or read how we make money and who we are.