The term “paperless” applies to the fact that these types of short term loans are generally applied for online – there’s no need for tedious paperwork, faxing of documents or time consuming branch visits. You simply apply directly from the website – the only things you will need is a valid ID, and active bank account and in most cases an email or cell number you can receive communications through.
Two of the leading paperless short term loan providers in South Africa are Wonga.com and Boodle – see below for how you can get up to R2500 deposited into your account within minutes. No paper, no hassle – just quick cash!