How to Calculate a Loan Payment: Simplify Borrowing with Boodle’s SmileDial Loan Calculator

At Boodle, we know there may be times when you need urgent financial assistance, but don’t always know where to turn, or don’t wish to be in unnecessary debt. This is why we offer our easy-to-use loan calculator.

With our unique SmileDial feature, you can effortlessly calculate your loan payment by simply adjusting a couple of sliders. This ensures that you borrow only what you need and can afford, keeping your financial well-being intact.

Using Our SmileDial Loan Calculator to Calculate Your Loan Repayment

Our SmileDial is a simple tool designed to help you calculate your loan payment with complete transparency. No hidden costs or fees, guaranteed! The loan calculator works by sliding the top lever to adjust the amount you'd like to borrow, and the bottom lever to select the loan period.

As you move the levers, you’ll instantly see how much interest and fees will be charged based on your selections. This helps you make an informed decision about how much you can afford to borrow. If you’re asking yourself: "What is the monthly payment on a XX loan?" our SmileDial loan calculator adjusts your options and reflects the total repayment amount.

At Boodle, we believe in being upfront with our costs. As you slide the levers, you’ll notice the figures below them change in real time. This clear, visible breakdown of how much you’ll pay helps you make the right decision instantly. Moreover, using our SmileDial allows you to customise your loan to suit your budget and avoid borrowing more than you can comfortably repay. Once you're happy with the amount and period, proceed with our simple application process.

Quick and Easy Applications

We have simplified our loan application process to make it fast and efficient because we understand the need for urgency when you need cash fast. The application only takes a few minutes. However, it’s important to provide accurate information. Even though we only ask for basic criteria, we’d like to ensure the process moves swiftly.

Once your application is complete, we’ll perform a light credit check and verify your information. If everything checks out, we’ll make you an offer almost immediately. Should you choose the fully automated online process and accept our offer, you could have Boodle in your bank within 10 minutes.

SmileRanking: Your Reward for Responsible Borrowing

At Boodle, we want to reward you for managing your loans responsibly. So, we’ve introduced our very own SmileRank programme. If you’re new to Boodle, you can borrow up to R6 000 on the first application. As you repay your loans on time, you’ll earn smiles that help increase your SmileRank, allowing you to borrow more for longer.

One smile lets you borrow R4 000 for one month. As you build up your SmileRank by making timely payments, you can earn up to 5 smiles, allowing you to borrow R8 000 over six months. The more smiles you have, the larger the loan you can access. Additionally, as a seasoned Boodle member, future loans will be even faster and quicker to process.

Join Our SmileRank Community Today!

We’re proud to be a registered credit and financial services provider, dedicated to supporting you with fair, responsible lending. We’re making it easier for you to manage your finances and get the loan you need through our SmileDial feature and SmileRank programme. So, why not join our happy community of SmileRankers and move our SmileDial loan calculator sliders right now?