Koodo
- Quick loans up to R5,000
- Low-interest up to 38%
- Repayment up to 65 days
Table of Contents
[Accessed March 28, 2023]
About Koodo
By leveraging technology Koodo aims to make financial services more accessible and affordable.
A value-driven fintech company
When you choose Koodo, you can expect a financial services provider that’s committed to operating with integrity and putting you first.
- Transparency: they believe in being open and honest with you about the products and services they offer, as well as any fees or charges associated with them.
- Responsiveness: they strive to provide you with quick and efficient service, whether you're applying for a loan or seeking support for an existing product.
- Innovation: Koodo is constantly looking for new and better ways to meet your financial needs, leveraging the latest technology and data analytics to offer products that are tailored to your individual circumstances.
- Empathy: understanding that you may come to them during challenging times and striving to provide you with support and guidance while remaining empathetic and understanding.
By upholding these values, Koodo aims to build trust with you and become a leading provider of financial services in South Africa.
Driving growth to become a leader in finance
Koodo has been growing steadily since its founding, expanding its product offerings and customer base year after year. Looking forward, they have ambitious plans for growth, with a focus on leveraging technology to improve the customer experience and offer new and innovative financial products.
The company aims to continue expanding its customer base and market share while maintaining its commitment to responsible lending and customer service.
To achieve these goals, they plan to invest in its people and technology, building out its capabilities in data analytics, artificial intelligence, and other areas. By staying at the forefront of industry trends and continuing to put you first, they aim to remain a leading provider of financial services in South Africa for years to come.
Koodo Services
Delivering flexible, affordable, and easy-to-access payday loans they’re one of the fastest-growing lenders on the market.
Get a quick loan of up to R5k
They offer quick loans ranging from R500 to R5000. The exact loan amount you’ll be eligible for will depend on your individual credit profile and other factors such as income and expenses.
Koodo's online loan calculator allows you to easily estimate your monthly repayment amount based on the loan amount you’re considering, helping you make informed borrowing decisions.
Rates are based on your affordability
Their credit options feature competitive interest rates that are based on your individual credit profile and affordability. Interest rates are calculated on a monthly basis and vary depending on the loan amount, term, and other factors.
Their online loan calculator allows you to easily estimate your monthly repayment amount, including interest charges, based on the loan amount and term selected.
This helps you make informed borrowing decisions and ensures that you have a clear understanding of the total cost of your loan.
Loan terms designed to be budget-friendly
If you're looking for a quick loan, flexible repayment terms are available. Koodo allows you to choose the loan term that fits your financial situation and budget.
The longer the loan term, the lower the monthly repayment, but the higher the total interest cost. The repayment schedule is designed to be manageable, giving you the ability to plan and budget your finances accordingly.
Koodo – Quick loan
- Loan Type Quick loans
- Interest Rate 38%
- Loan Amount up to R5,000
- Repayment 61 days to 65 days
Benefits of Koodo
- Easy online loan application
- Quick loan approvals
- Loans paid directly to your bank account
Quick loan calculator
Getting a quick loan from Koodo is easy - Here's how
To apply for a quick loan from Koodo, you can visit their website and fill out the online application form.
The process is simple and straightforward, with step-by-step instructions provided to guide you through the application.
Once you submit your application, Koodo will assess your eligibility and creditworthiness and make a decision on your loan application. If approved, the funds will be disbursed to your nominated bank account within 24 hours.
World-class customer service: designed to impress
Koodo places a strong emphasis on providing excellent customer service, with the goal of ensuring that you have a positive experience when dealing with them. The company offers a range of support channels, including a customer service helpline, online chat, and email support.
Their customer service team is staffed by knowledgeable and friendly professionals who are dedicated to resolving customer queries and issues as quickly and efficiently as possible.
The company also provides extensive online resources, including detailed FAQs and product guides, to help customers find answers to their questions and make informed decisions.
Are you eligible for a Koodo loan?
- A South African citizen or permanent resident
- Over 18 years old.
- A regular source of income, such as employment or self-employment.
- Valid South African ID.
- An active bank account.
- A good credit score and credit history.
To apply for a quick loan from Koodo, you can follow these simple steps
- Visit the Koodo website and use the online loan calculator to select your desired loan amount and repayment term.
- Fill out the online application form with your personal and financial information.
- Submit the required documents, which may include a copy of your ID, proof of income, and bank statements.
- Once your application is approved, the funds will be transferred directly to your bank account.
- Repay the loan according to the agreed-upon terms.
Great benefits you’ll enjoy if you choose Koodo
- Fast and easy application process
- Quick access to funds
- Flexible repayment terms of up to 65 days
- Manageable repayment schedule
- Early settlement option with no additional fees or penalties
- Competitive interest rates
- No collateral required
- Personalised loan amounts based on affordability
- Transparent fees and charges
- Dedicated customer service support
Apply for your loan via WhatsApp with Koodo
To apply for a loan with Koodo through WhatsApp, you need to send them pictures of your passport or ID, your latest payslip, and 3 months' bank statements.
Once they process your application and approve it, they’ll pay out the loan to your bank account within 24 hours
Koodo is a trusted & reliable provider of quick loans
In our review, Koodo adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.
✅ Koodo is a registered credit provider in South Africa: NCRCP16647
Customer Reviews & Testimonials
Koodo Contact
Physical Address
- 2nd Floor Dainfern Square, Corner William Nicol Drive &, Broadacres Dr Dainfern 2055 South Africa
- Get Directions
Opening Hours
- not available