Boodle loan review

Boodle Loans offers instant loans as a registered lender through the NCR. Upon review, comments vary on Boodle as specific individuals have reviewed them positively for their customer service and instant cash payday loans. Additionally, Boodle’s online platform is simple and easy to use. The online site can verify your credit rating and deem if you qualify for a potential loan.

How much do you need?
*Representative example: Estimated repayments of a loan of R30,000 over 36 months at a maximum interest rate including fees of 27,5% APR would be R1,232.82 per month.

Loan amount R100 - R250,000. Repayment terms can range from 3 - 72 months. Minimum APR is 5% and maximum APR is 60%.

What Boodle Loans Have to Offer

For those who are unfamiliar with Boodle loans, they are an instant loan company that offers loans within 10 minutes upon approval. Boodle Loans offers instant, short-term loan solutions such as payday and personal loans. They have friendly and helpful customer service. A new customer can request a loan valued up to R3 000 with a repayment term of 2 to 32 days. Boodle offers more significant amounts to clients who have fulfilled their previous payment obligations through them on loans they have taken out.

Boodle Quick Loans

Suitable Purposes

  • Emergency Expenses: Ideal for unexpected costs like medical emergencies, urgent car repairs, or sudden travel expenses.
  • Month-End Cash Crunch: Useful for covering expenses towards the end of the month when your budget is tight, and payday is still a few days away.
  • Small Purchases or Payments: Handy for when you need to make a small purchase immediately, like buying a new appliance, covering school fees, or funding a minor home repair.
  • Bridging Cash Gaps: Helpful for bridging short-term cash flow gaps, especially for individuals who earn a variable income and might have irregular earning cycles.

Given the nature of Boodle’s loans, they are not suitable for long-term financial needs or significant expenses like buying a house or a new car. The high-interest rates associated with short-term loans make them less ideal for long-term borrowing. Boodle’s loans are best used when you have a clear repayment plan in place and need a quick, temporary financial boost.

Boodle loans smile ranking system

Once you are a preferred lender through their unique smile rating system, they award a smile to add to your smile rank once a previous loan is repaid. Each smile increases your rating, enabling you to qualify for loans of up to R8 000.

About Arcadia Finance

Opt for Arcadia Finance for a straightforward loan securing process. We connect you with a plethora of banks and lenders once you fill out a free application. Look forward to offers from up to 10 varied lenders. All our lender associates are licensed by the National Credit Regulator (NCR) in South Africa, ensuring trustworthiness.

How do I Know if Boodle Loans is Legit?

Those who are unsure of Boodle Loan’s legitimacy can find that they are registered as a lending company that complies with the regulations set out by the NCR (National Credit Regulator). 

Special Requirements of the Boodle Loan Application?

The requirements for a Boodle loan are relatively straightforward. You will need to have a South Africa Identity Document. Borrowers will need to be over the age of 18 years old. Own a South African bank account as well as have access to the internet. Lastly, you will need to earn a regular monthly income.

Boodle Loans on mobile

Simulation of a Loan at Boodle

If you’re considering a Boodle loan, it’s wise to first understand exactly how much you’ll need to repay, including interest and fees. Boodle provides an easy-to-use online tool for this purpose, allowing you to simulate a loan before applying. Here’s how you can do it:

Step-by-Step Guide to Applying for a Loan with Boodle

  1. Visit the Boodle Website: Go to Boodle’s homepage.
  2. Create an Account: Go to the Boodle website and sign up for an account. You’ll need to provide your email address and create a password.
  3. Loan Calculator: You’ll find a loan calculator tool prominently displayed. This is your starting point for simulating a loan.
  4. Select Loan Amount: Use the slider to choose the amount of money you wish to borrow. Boodle typically offers loans from a few hundred Rands up to R8,000.
  5. Choose Repayment Term: Next, select how many days you’ll need to repay the loan. This can range from just a few days to a month.
  6. View Repayment Details: The calculator will automatically display the total repayment amount, which includes the principal amount, interest charges, and any applicable fees.
  7. Complete the Application Form: Log in to your account and fill out the application form. You’ll need to provide personal details (like your ID number), employment information, and financial details.
  8. Document Upload: Upload the necessary documents, such as your ID, proof of income, and bank statements.
  9. Loan Approval: Wait for Boodle to review your application. This process is usually quick.
  10. Loan Agreement: If approved, you’ll receive a loan agreement. Read it carefully before accepting.
  11. Receive Funds: Once you accept the terms, Boodle will deposit the money into your bank account.
Personal Loans

Security and Privacy at Boodle

Boodle understands this concern and has implemented several measures to ensure the safety and confidentiality of its customer’s data.

Ensuring the Security of Information

Secure Website: Boodle’s website uses SSL (Secure Socket Layer) encryption, which is a standard security technology for establishing an encrypted link between a web server and a browser. This ensures that all data passed between the web server and browsers remain private and integral.

Data Protection Protocols: Boodle employs robust data protection protocols to safeguard your personal and financial information from unauthorized access or breaches. This includes using secure servers and implementing network security measures.

Compliance with Regulations: As a registered credit provider in South Africa, Boodle is required to comply with relevant national regulations, including the National Credit Act and the Protection of Personal Information Act (POPIA). These laws mandate strict standards for the handling and protection of personal information.

Regular Audits and Updates: To keep up with evolving threats, Boodle regularly updates its security systems and undergoes audits to ensure that all security measures are effective and up-to-date.

How Much Money Can I Request from Boodle?

Boodle’s loans start from a modest sum, which can be as low as a few hundred Rands. This is ideal for those who need just a small amount to tide over an immediate financial need. The maximum amount you can borrow from Boodle is typically around R8,000. However, this limit can depend on several factors, including your creditworthiness and repayment history with Boodle (if applicable).

Receive Offers

Boodle doesn’t just set a flat maximum for every borrower. Instead, they create personalized loan offers based on various factors related to each individual applicant.

How Boodle Creates Personalized Loan Offers

Assessment of Financial Health: Boodle looks at your overall financial situation, including your income, expenses, and credit history. This assessment helps them determine how much you can comfortably borrow without risking financial strain.

Boodle Smilerank®: Boodle’s unique Smilerank® system also plays a role in determining your loan offer. This system rewards borrowers for responsible borrowing and repayment behaviors, potentially influencing the amount you’re eligible to borrow.

Previous Interactions: If you’ve borrowed from Boodle before and have a good repayment history, you might be eligible for a higher amount compared to a first-time borrower.

Do Boodle Loans Let Me Use an Online Loan Calculator?

On Boodle Loan’s official page, you can view their online calculator, which offers and showcases all the fees associated with your potential loan. Their online calculator is very transparent with all its fees and associated costs. With Boodle, you can expect a service fee of R 60.00, including VAT, with an initiation fee of R165.00, and 10% of the amount lent, including VAT. The interest charge is daily, with an interest rate of 0.74%.

How Long Does It Take to Receive My Money from Boodle?

One of the key advantages of Boodle is the speed at which they process loans.

Average Processing Times

Application Review: Once you’ve submitted your application, Boodle typically reviews it within minutes. This is subject to the submission of all required documents and information.

Loan Approval and Disbursement: After approval, the loan amount is usually disbursed quickly. Most borrowers can expect to see the funds in their account within the same day of approval.

Boodle Loans Online

How Do I Repay My Loan from Boodle?

Repaying your Boodle loan is designed to be as straightforward and hassle-free as the application process. Understanding your repayment options, along with any potential fees and penalties, is crucial for managing your loan responsibly and avoiding any financial hiccups.

Repayment Options and Plans

Direct Debit: The most common way to repay a Boodle loan is through a direct debit (also known as a debit order) from your bank account. Boodle will automatically deduct the repayment amount on the due date as per the agreement you accept when taking out the loan. This method ensures that your repayment is made on time without requiring any manual intervention from your side.

Manual Electronic Transfer: If you prefer, you can also make repayments via electronic funds transfer (EFT). In this case, you’ll need to manually transfer the repayment amount to Boodle’s bank account. It’s important to remember the due date and include your loan reference number in the transfer to avoid any confusion.

Payment Reminder: Boodle typically sends out reminders before your repayment is due. This can help you ensure that you have sufficient funds in your account if you’re using direct debit or remind you to make the transfer if you’re paying manually.

Possible Fees and Penalties

Late Payment Fees: If you miss a repayment, Boodle may charge a late payment fee. The amount and terms of these fees should be clearly outlined in your loan agreement. Late payments can also affect your credit score and your ability to borrow in the future, not just from Boodle but from other lenders as well.

Additional Interest: Apart from late fees, delayed repayments can accrue additional interest. This means the longer you take to repay, the more you might end up paying in total.

Early Repayment: Boodle typically allows you to repay your loan early without any penalties. This can be a good strategy to reduce the amount of interest you pay overall. It’s always a good idea to check the specific terms regarding early repayment in your loan agreement.

Non-Payment Implications: If you’re unable to repay your loan, it’s crucial to communicate with Boodle as soon as possible. Ignoring the problem can lead to increased fees, legal action, and a negative impact on your credit score. Boodle may offer a restructuring of your repayment plan in some cases, but this will depend on your specific circumstances and their policies.

Boodle offers straightforward repayment options to ensure you can settle your loan without any hassle. Being aware of the repayment date, ensuring you have sufficient funds for a direct debit, and understanding the implications of late or non-payment are key to managing your loan effectively. If you ever find yourself struggling to make a repayment, it’s better to contact Boodle directly to discuss your options rather than missing a payment.

Related post: Letsatsi Finance Loan Review

Are the reviews of Boodle Loan Positive?

Boodle loan reviews are mixed from individuals who have not been approved or were declined. Others are annoyed with the constant spam of new potential loan offers. Others claim that their services are outstanding and friendly. Boodle themselves makes a fair amount of effort to remedy dissatisfied customers.

What are Boodle Loans’ Contact Details?

Those seeking to reach out via e-mail or a contact form can do so through or on their official page, where you can leave comments or questions. Those needing a direct and more human approach can call them directly at 0861 266 353.

Alternatives to Boodle

While Boodle is a popular choice for short-term loans in South Africa, it’s always wise to consider other options in the market.

Comparison Table

Maximum Loan AmountR8,000R8,000R8,000Varies
Loan TermUp to 1 monthUp to 6 monthsUp to 37 daysUp to 24 months
Application ProcessOnline, quickOnline, quickOnline, quickOnline, may require additional documentation
Customer ServiceResponsive, multiple channelsGood, mainly onlineEfficient, online focusComprehensive, includes telephonic support
Unique FeaturesBoodle Smilerank®Flexible repayment optionsFast processingOffers larger, longer-term loans
More InfoWonga ReviewLime24 ReviewFinChoice Review

The provided tables offer a broad overview of the key features of each lender, but for the most accurate and up-to-date information, it is recommended to visit the official websites of each lender or directly contact them. Borrowers should consider their individual needs, financial circumstances, and preferences when choosing a lending institution.

Boodle logo

Pros and Cons of Choosing Boodle

When considering Boodle for a short-term loan, it’s crucial to weigh both the advantages and disadvantages. This balanced perspective can assist you in making an informed decision based on your personal financial needs and circumstances.


  • Quick and Easy Application Process: Boodle’s online application is straightforward and can be completed in just a few minutes, which is particularly beneficial for those who need funds urgently.
  • Fast Loan Disbursement: Once approved, Boodle typically disburses loans quickly, often within the same day, making it ideal for urgent financial needs.
  • Transparent Fees and Charges: Boodle is known for its transparency regarding fees and interest rates. All costs are clearly outlined before you accept the loan, minimizing surprises later.
  • Flexible Loan Amounts: With loan amounts ranging from a few hundred to around R8,000, Boodle offers flexibility depending on your specific needs.
  • Innovative Features: Features like the Boodle Smilerank® system encourage and reward responsible borrowing and repayment behaviors.
  • Responsive Customer Service: Boodle generally receives positive reviews for its customer service, with various channels available for support and queries.


  • Higher Interest Rates for Short-term Loans: As with many short-term loans, the interest rates can be higher compared to traditional, longer-term loans from banks, potentially resulting in a relatively steep overall repayment amount.
  • Limited Loan Amounts: While the flexibility of loan amounts is a plus, the maximum limit of R8,000 might not be sufficient for those who need a larger sum.
  • Short Repayment Periods: Boodle’s loans are typically required to be repaid within a month, which might not be feasible for everyone, especially if you’re looking for a loan with a longer repayment term.
  • Not Suitable for Long-term Financial Solutions: Given their nature, Boodle loans are best for short-term financial gaps and might not be suitable for long-term financial planning or larger financial obligations like home loans or extensive debt consolidation.
  • Eligibility Criteria: Some individuals might find Boodle’s eligibility criteria restrictive, especially if they have a poor credit history or irregular income.


Upon review, Boodle is a company registered and compliant with the NCR. There are mixed reviews from previous clients on the Internet regarding Boodle. In all instances, Boodle reaches out to both positive and negative reviews urging dissatisfied clients to provide additional information to find an adequate solution. The costs involved with their loans, such as payday loans, are relatively high. However, those needing immediate funds in case of an emergency can find a financial solution quickly. As with all loans, you will need to ensure you make your repayments timely, especially as the loan will need to be repaid within 32 days or risk damaging your credit rating.

Frequently Asked Questions

How quickly can I get a loan from Boodle?

Boodle is known for its quick processing times. Once your application is submitted and approved, you can typically expect to receive the funds in your account within the same day, although this can vary based on individual circumstances and application times.

What are the requirements to apply for a Boodle loan?

To apply for a Boodle loan, you must be over 18 years old, a South African citizen or legal resident, have a regular income, a valid bank account, and contact details (email and phone). Your creditworthiness will also be assessed as part of the application process.

Are there any hidden fees with Boodle loans?

Boodle prides itself on transparency. All fees and charges associated with your loan will be clearly outlined during the application process. There are no hidden fees, but it’s important to understand the total cost of your loan, including interest rates and any potential late payment fees.

Can I repay my Boodle loan early?

Yes, Boodle allows for early repayment of loans. Repaying a loan early can sometimes reduce the total interest you pay. It’s advisable to check your loan agreement for any specific terms related to early repayment.

How does Boodle determine the amount I can borrow?

The amount you can borrow from Boodle is based on several factors, including your financial health, income, expenses, and credit history. Boodle’s unique Smilerank® system may also influence your eligible loan amount, especially if you have a history of borrowing and repaying on time with Boodle.