7.0/10
Our Score
Rating Breakdown
1,709 reviews
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🛡️ Our Honest Take
Let's talk numbers first, because that's what matters. Boost Loans charges 24.5% per annum on their loans. On a loan of R5,000 over 30 days, that works out to interest of roughly R100 for the month, so you'd repay about R5,100 before any initiation fee or monthly service fee is added. Those additional fees are regulated by the NCA, so they can't charge whatever they like, but you should always read your loan agreement carefully and add up the total cost before you sign.
Over a longer term the picture changes. Take that same R5,000 over 12 months at 24.5% per annum and your total interest alone comes to around R1,225. Still manageable compared to lenders charging rates two or three times higher, but it adds up. The honest truth is that any short-term borrowing costs money. The question is whether Boost Loans charges a fair price for that cost. And by the standards of this market, they do.
So what do customers actually say? Based on the 585 reviews we collected, the picture is mixed enough to produce a trust score of 6.5 out of 10. That's not a disaster, but it's not a ringing endorsement either. Common themes tend to involve application experience and communication during the approval process, which is fairly typical of online lenders in this category.
The application itself is straightforward. Online, no paperwork to post, no queuing. Payout reportedly comes through within 24 to 48 business hours once approved, which is reasonable but not the fastest in the market.
Where Boost Loans loses ground is on a few fronts. No first loan free offer means you start paying from day one. The R8,000 ceiling won't cover everyone's needs. And finishing 10th out of 37 lenders we reviewed tells you there are better options if you have time to compare properly.
Our verdict: Boost Loans is a legitimate, reasonably priced short-term lender with a competitive rate. Not our top pick, but not one to dismiss either. If the loan amount fits and you've compared costs, it's a reasonable choice.
Latest Reviews (showing 40 of 1709)
It was safe and easy...
It was safe and easy even if you apply it was easy and safe ☺️
Best service is what...
Best service is what they offer, so if you want loans don't hesitate to DM them
Boost loans 👌🏾👌🏾👌🏾 came through when I needed it most
Boost loans 👌🏾👌🏾👌🏾 came through when I needed it most. Fast response, clear communication, and no complications. I’d definitely use them again and again.
I would like to writ...
I would like to write a review about Budget Insurance
Wen I lost my grandf...
Wen I lost my grandfather I needed cash to travel back to Limpopo and they were able to assist me in a day and the assessment was quick
I app**** within 5 m...
I app**** within 5 minutes they reply and funds are quick
Supper fast and info...
Supper fast and information secured, lovely staff engagement also quick response to emails
The experience has b...
The experience has been amazing, this is the second time I’m taking a loan and their service is quick
Their loan is fast a...
Their loan is fast and easy They have friendly people to assist and the money doesn't take time to be in your account
I would like to comm...
I would like to commend Nomthandazo and Nomvuselelo their service is exceptional 👌
The application was quick and easy
The application was quick and easy. I did not have to go through something like an exam...I will recommend Boost loan to my family.
I'm struggling to ge...
I'm struggling to get get the loan I've app**** for since Friday
Super
Super. They are absolutely great. Super easy app and very helpful
Customer service was...
Customer service was super professional and friendly, application process was safe and fast
The process was fast...
The process was fast , easy and convenient for any emergencies they are the best
When I app****, I th...
When I app****, I thought I was gonna get the money the following day, but instead I got it same day, so they are quick and efficient
They are Fast, relia...
They are Fast, reliable, trustworthy, professional was an great experience
Their service is the...
Their service is the best and straightforward i got the best service ever
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