How much do you need?
Tell us the details in the online application form below:
Is This Lender Right for You?
Wondering what Boost Loans are all about in South Africa? Read on to understand.
Key Takeaways
✔ Boost is a short-term lender of payday loans ranging from R500 to R8000.
✔ You can apply for Boost Loans online with no branch visits or upfront payments required.
✔ If you’re looking for additional, safer borrowing options, consider applying with RandWallet, where you can compare multiple loan offers in one place.
✅ How Much Do You Need?
About This Lender
Boost Financial Services (PTY) LTD is a registered credit provider operating under the name Boost Loans (NCRCP13607).
The company was registered in 2020 and has its headquarters in Kempton Park.
How Does It Work?
The lender offers payday loans with the following features:
- Loan Amounts: New clients can only borrow a maximum of R2000 over one month. The limit can increase to R8000 once you prove you can be trusted to pay back the money.
- Repayment Terms: Loan terms range from one month to 6 or 12 months
Benefits of Boost Loans
✅ Same Day Cash Loans
Payment is made on the same day that your loan and DebiCheck are approved. After that, the funds will reflect in your account within 24 hours.
✅ Bad Credit Loans Available
Having a poor credit record doesn’t automatically mean you don’t qualify. Boost Loans also looks at additional factors and your application may be approved even if you have bad credit.
✅ Easy Online Application
You can apply for Boost Loans online in the comfort of your home or office.
What Can Be Improved?
This credit provider only offers short-term loans ranging from R500 to R8000.
If you’re looking to finance a large or long-term purchase, this option might not be right for you.
Loan Requirements – What You Need to Apply
✔️ Must Be 18 Years or Older
✔️ Latest 3 Months Bank Statement
✔️ Copy Of Your Valid South African ID Book
✔️ You Need To Be Permanently Employed With Monthly Salary
✔️ Valid Cell Phone Number
✔️ Valid SA Bank Account
Application Process
You can apply for a Boost Loan online. Simply visit the site and complete the following steps:
- #1 Select the Desired Loan Amount.
- #2 Choose The Loan Term That Works For You.
- #3 Click on Apply Now and Continue With Your Application Until Complete.
Is Boost Loans Legit?
Boost Loans is a legitimate credit provider with numerous positive online reviews.
However, you should note some scammers are impersonating this lender.
These scammers may reach out to you asking for your personal and banking information.
Never give anyone your banking PIN or pay an upfront fee to get a loan.
Boost Loans Contact Details
📌 Phone Number: Tel:(0131203601)
📌 Physical Address: 063
📌 Email Address: applications@boostloans.co.za
📌 Physical Address: 2A Suikkerbekkie Terenure Kempton Park 1620. The company also has business premises in Middleburg
Similar Lenders
You may come across a similar lender known as Dragon Financial Boost Loans.
This loan company does not appear in the NCR database, so it’s likely operated by scammers.
There are several negative online reviews about Dragon Financial Boost where people complain of being scammed.
In addition, there’s not much information or contact details about this lender online, which is suspicious.
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»LEARN MORE: Private Lenders in South Africa
Our Research Expert
Gracie Makowe is a full-time personal finance writer with 10 years of experience and a Bachelor of Commerce in Financial Management from UNISA. Learn more.