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Mobile Text Loans

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Over the last few years mobile phone usage in the UK has rocketed as a result of advances in technology and an ever-increasing appetite to stay connected with our friends and what's going on in the world. Mobile phones now allow easy access to videos, music, the internet and of course text messaging, so offer a one-stop solution for accessing emails, reading the news, social networking and even banking on the go. Many companies have responded to this increase in usage by tailoring their services for the mobile market.

Text Loans Explained

The payday loan model offered by Bongaloans allows anyone who has registered to apply for a short-term loan online. Applicants don't have to use a computer if they have an Internet enabled phone or tablet.

The application process is simple and most people who are approved will receive their money within a few hours. Approved loans are deposited into the applicant's bank account and repayment periods vary depending on the company (typically up to 30 days).

Application Criteria

Bongaloans offers loans between £100 and £1000. The application process is entirely online - You simply register using an online form at and set up your account. Once you sign up, you'll be sent a PIN number. This is unique to you, so keep it safe. You'll need to be 18 years or older, be in receipt of regular income, have a bank account with a linked debit card and be in possession of a mobile phone to receive your PIN number and to complete the registration. You should not be bankrupt or have debt passed to a collection agency within the 18 months preceding your application.


Bongaloans' representative APR for their mobile text loans is competitive in their market, with a £100 loan taken over 30 days typically attracting £24 in interest.

These loans are ideal for those who need a small amount of money quickly to cover unexpected expenses and who are confident they can repay the loan on the agreed date. Payday loans are designed as a short-term solution and Bongaloans advises anyone who is struggling financially to seek professional assistance from a debt charity.