Wonga.com will go live soon and provide a new kind of loan – a fast, convenient and flexible loan.

When requesting a Wonga loan you will decide exactly how much cash you want to borrow, for how many days, and we will calculate the interest and total repayment cost before you even apply.

We will then deposit the money in your bank account within an hour, no matter who you bank with, before taking a single payment from your debit card. It will be easy peasy!

Wonga loans will be available for between five and 30 days and you will initially be able to borrow up to £200. We will then keep improving your credit limit every time you repay a loan. That’s because our service will place emphasis on trust and, as long as you keep your side of the deal and repay the loan when you promise to, we’ll be happy. We won’t ask what you need the cash for and how you choose to spend it will be completely up to you.

This entry was posted on Sunday, March 30th, 2008 at 8:33 pm and is filed under Credit, General, Loans, Responsible borrowing, Wonga.