⚠️ IMPORTANT WARNING
Wanna Loan has extremely high interest rates (60%+) and unclear business status. Consider the safer alternatives we recommend below.
Wanna Loan Review 2025
Emergency cash loans up to R3,000 - HIGH INTEREST WARNING
🔍 Wanna Loan Overview
What is Wanna Loan?
Wanna Loan was an emergency cash loan provider based in Cape Town, offering small loans up to R3,000 for short-term financial emergencies. However, the business status is unclear and some sources suggest it may no longer be operational.
⚠️ Warning Flags
💡 Our Recommendation
Due to the extremely high interest rates and unclear business status, we strongly recommend considering the alternatives listed in our "Better Alternatives" tab. These provide more reasonable terms and are from established, regulated financial institutions.
✅ Instead, Consider:
- • Established banks (Capitec, FNB)
- • Lower interest rates (15-28%)
- • Longer repayment terms
- • Regulated institutions
- • Better customer protection
⚠️ Emergency Options:
- • Ask family/friends for help
- • Employer salary advance
- • Sell unused items
- • Community lending circles
- • NGO financial assistance
❌ Avoid:
- • Loan sharks/mashonisas
- • Unlicensed lenders
- • Interest rates above 27.75%
- • Upfront fee requests
- • Pressure selling tactics
📞 Historical Contact Information
Contact Details (Verify Before Using):
- Phone: 021 835 3000, 086-559-8644
- Email: talktous@wannaloan.co.za
- Address: 1 Willie van Schoor Drive, Bellville, Cape Town, 7530
Business Hours (If Still Operating):
- Monday-Friday: 08:00 - 18:00
- Saturday: Closed
- Sunday: Closed
Important: Always verify a lender's current operational status and NCR registration before applying for any loan.