Boodle
Boodle is the brand; the registered credit provider behind it is Boodle (Pty) Ltd, registered with the National Credit Regulator as NCRCP5361. It advances R500 – R8 000 over 1 month – 6 months. Everything on this page is transcribed from the source linked at the foot of it and was last checked on 10 August 2026 — nothing is estimated.
What it costs — work it out
Set the amount and the term and see the instalment and the total repayable, with every fee the National Credit Act allows and VAT included. An estimate at the legal maximum — not a quote, and not an offer.
Rates and fees use the NCA caps for short-term credit agreements: interest 5%/month (3% repeat), initiation fee R165 + 10% of the amount over R1 000 (max R1 050), service fee R60/month, VAT 15% on fees.
| Principal — what you receive | R3 000 |
|---|---|
| Interest (5%/mo × 3 months) | R450 |
| Initiation fee | R365 |
| Service fee (3 × R60) | R180 |
| VAT on fees (15%) | R82 |
| Total cost of credit | R1 077 |
Check these three things before you sign — here or anywhere
- The lender’s NCRCP number is published on its own site, and it checks out in the National Credit Regulator’s register.
- The pre-agreement quote breaks out the total cost of credit: interest, initiation fee, service fee and VAT — as one figure you can compare.
- Nobody asks you for an upfront “release fee”. A registered credit provider never charges you before it pays out.
What is confirmed about Boodle
Every row traces to the source linked below. A blank in the source is shown as “not disclosed” — it is never filled in with an assumption.
| Field | Value |
|---|---|
| Public brand | Boodle |
| Legal credit provider | Boodle (Pty) Ltd |
| Role | Direct short-term lender |
| NCR registration number | NCRCP5361 |
| Amount range | R500 – R8 000 |
| Term range | 1 month – 6 months |
| Product | Short-term credit; the official quotation example states 5% monthly interest. |
| Eligibility | Affordability assessment; DebiCheck repayment flow. |
| Verification basis | Verified on the lender’s own site |
| Last checked | 10 August 2026 |
Confirmed against https://www.boodle.co.za/support/ on 10 August 2026. Verify the NCR number yourself in the National Credit Regulator’s register before you apply.
What R3 000 over 3 months actually costs
At the NCA maximum for a first short-term loan (5% a month). An illustration, not a quote.
| Line | Amount |
|---|---|
| Amount borrowed | R3 000 |
| Interest (5% × 3 months) | R450 |
| Initiation fee | R365 |
| Service fee (R60 × 3) | R180 |
| VAT on fees (15%) | R82 |
| Total you repay | R4 077 |
| Monthly instalment | R1 359 |
Cost of credit: R1 077 on R3 000 borrowed. Figures are calculated at the statutory maximum — your own quote may be cheaper, and must be shown to you in full before you sign.
That example is the legal maximum, not this lender’s quote
The calculation above applies the National Credit Act caps for short-term credit. Boodle may charge less, and its own pre-agreement quote is the only figure that binds. Use the example to sanity-check the quote you are given — if the quote is higher, ask why.
Before you apply
Check the registration yourself. Search the National Credit Regulator’s register for NCRCP5361 and confirm it is active and held by Boodle (Pty) Ltd. A brand name on a website proves nothing on its own — the legal entity is what carries the registration.
Read the pre-agreement quote in full before you accept. It must show the interest, the initiation fee, the monthly service fee, VAT and the total cost of credit as a single figure you can compare against any other offer.
Keep a copy of everything: the quote, the agreement and the consent you gave for your information to be used. Under POPIA you are entitled to know who your details will be shared with, and to withdraw consent for marketing at any time.
If something goes wrong
- Complain to the lender firstPut it in writing and keep the reference number. Most credit providers must give you a decision within a set number of business days under their own complaints policy.
- Escalate to the Credit OmbudIf the lender does not resolve it, the Credit Ombud handles disputes with non-bank credit providers at no cost to you.
- Report it to the National Credit RegulatorThe NCR is the regulator. Report reckless lending, an unregistered provider, or a lender that will not give you a pre-agreement quote.
Related
Sources and last checked
- National Credit Regulator — register of credit providers — Regulator, as at 10 August 2026.
- National Credit Act 34 of 2005 and its regulations — Government, as at 10 August 2026.
Page last checked 10 August 2026. Statutory caps and lender terms change — confirm anything you intend to rely on with the provider or the National Credit Regulator. Found something wrong? Tell us and we will correct it.