Rating based on 12 reviews

Pow Wow Loans

  • Short-term loans up to R4,000
  • Low-interest up to 60%
  • Repayment up to 60 days

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Pow Wow Loans homepage
Author Pow Wow Loans. Screenshot of Pow Wow Loans website.
[Accessed May 29, 2023]

About Pow Wow Loans

Short-term loans are a quick and affordable solution if you’re looking for a way to deal with the pesky little financial emergencies that don’t fit into your budget.

With Pow Wow Loans, you can apply quickly and safely online and have your loan paid out in minutes.

How short-term loans work and what they’re used for

Loans in this category allow you to borrow smaller amounts for shorter repayment periods. While these products restrict how much you can borrow, they also pay out far more quickly and with much less paperwork than other types of personal loans.

One of the advantages to this is that you don’t have to go into significant debt just to pay for an unexpected doctor's visit and the resulting medications. There’s no limit to what these loans can be used for, and they can be adjusted to fit into any budget.

How you benefit from Pow Wow Loans

Traditional lenders are well-established and have the resources to offer fantastic deals on financing products. However, they lack the flexibility that alternative lenders can bring to the table.

Pow Wow Loans allow you to skip the red tape and get money in your account within 24 hours of application. As an online credit provider, they offer the convenience of applying from anywhere at any time using a secure site. No queues, no cool down periods, and no collateral needed.

Pow Wow Loans is an NCR-accredited lender

The National Credit Regulator is a government-run organisation that upholds the NCA. They do this by enforcing consumer protection laws and regulating the fees, interest, and lending criteria of accredited credit providers.

As an accredited lender, Pow Wow Loans will be transparent about the costs of its products. While you don’t need to have a pristine credit record for loan approval, they’re required to do both a credit and affordability check before offering you a loan agreement.

Pow Wow Loans Services

Your credit profile plays a significant role in a lender's decision to approve your loan application.

However, because of the nature of short-term loans, the main focus will be whether you can afford the repayments.

How the affordability check works

During the application process, you’ll be asked to agree to a credit check. The lender will review your repayment history to see whether you have a habit of repaying debts in full and on time.

Your credit score also reflects how dependent you are on debt, which may affect how much interest you’ll be charged.

For the affordability check, you’ll need to provide your financial documents so that Pow Wow Loans can assess your income, outstanding debt, and other obligations. This is done to ensure they never extend a loan you can’t afford.

Borrow up to R4,000

First-time borrowers are offered between R500 and R4,000 to be repaid over a 60-day term. After you’ve successfully repaid at least 5 loans in a specified period, Pow Wow Loans will offer you Up to R8,000 with longer loan terms.

To ensure loan approval while keeping the costs to a minimum, it’s best to borrow only what you need at the time.

The lower the loan amount, the more likely it is to pass the affordability check. Additionally, it’ll decrease the fees attached to your repayments.

An overview of the costs involved

Interest on these loans generally falls between 3% and 6%. As a first-time customer, you may be charged up to 5%, depending on your credit score. By building up a positive credit relationship with a lender, you gain access to lower interest rates.

Loans over R1,000 will require an initiation fee of R165 plus 10% of the loan amount. This is a once-off fee that can be distributed over the course of your agreement. Finally, you’ll be charged a fixed R60 per month service fee.

Pow Wow Loans – Short-term loan

  • Loan Type Short-term loans
  • Interest Rate 60%
  • Loan Amount up to R4,000
  • Repayment 7 days to 60 days

Benefits of Pow Wow Loans

  • Affordable interest rates
  • Flexible repayment terms
  • Easy online loan application
  • Fast loan approvals

Short-term loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This short-term loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

Pow Wow Loans makes short-term loans safe, easy and affordable

The Pow Wow Loans website is easy to navigate and simple to use. By following the prompts on their home page, you can have cash in your account within minutes of loan approval.

Here’s how it works

  1. Use the sliders to select the amount you’d like to borrow and the term you can afford
  2. Once you’re happy with the estimate shown, Click “Get Money” and complete the application form.
  3. Provide the required documents, then simply sit back and wait for a Pow Wow Loans consultant to contact you via phone, text, or mail.

Depending on the results of a credit check, you’ll be sent a pre-agreement. This document serves as a quotation and clearly states the costs involved as well as the terms and conditions of your agreement.

During the review process, they’ll contact your employer to verify your information. Once your application is approved and you’ve returned the signed agreement, a debit order will be set up to go off your bank account each month on the date you specify.

The documentation you’ll need to have on hand

  • Your South African ID
  • Bank statements covering the last 90 days of transaction history
  • Your most recent payslip

Loan approval depends on the following criteria

  • You must be a South African over the age of 18
  • Be permanently employed for more than 3 months
  • Have a bank account registered in your name that your salary is paid into
  • Your credit history must show at least one successfully concluded account

At Pow Wow Loans, applications are reviewed from Monday to Friday during business hours. However, you’re still welcome to apply at any time.

man holding thumbs up

Pow Wow Loans is a trusted & reliable provider of short-term loans

In our review, Pow Wow Loans 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.

✅ Pow Wow Loans is a registered credit provider in South Africa: NCRCP11049

Customer Reviews & Testimonials

January 2023

I’d recommend Pow Wow loans to anyone looking for a lender they can trust. They keep the process simple and to the point.

Rian S
— Upington —

October 2022

This was the most effortless short-term loan application I’ve seen. We had a rough patch at the beginning of the year, but Pow Wow Loans came through when we needed them most.

Cassandra K
— Cape Town —

February 2023

We had no idea where we would find cash in the middle of the month to pay for pest control. Within 24 hours, we had approval from Pow Wow, and the money was in our account. I love the simplicity ...

Dan W
— Rustenburg —

Pow Wow Loans Contact

Physical Address

  • 3 Thibault House, Hans Strijdom Ave Cape Town Western Cape 8001 South Africa
  • Get Directions

Opening Hours

  • Monday 08:00 – 17:00
  • Tuesday 08:00 – 17:00
  • Wednesday 08:00 – 17:00
  • Thursday 08:00 – 17:00
  • Friday 08:00 – 17:00
  • Saturday – Closed
  • Sunday – Closed