Loan calculator makes Wonga a sinch for flexible cash
March 12th, 2009
Wonga’s loan calculator makes the most of our unique flexibility, allowing you to choose the exact amount of cash you require, and the number of days you need it for, while clearly showing the changing cost of repayment.
There are lots of loan calculators on the web and many are designed to allow users to compare different lenders, or see the cost of different loans from one lender. Some can be very useful although they’re frequently intended to give the impression of flexibility and choice, when the reality is that each product still comes with very rigid terms.
Whether it’s a repayment period of at least three years or a minimum amount of a grand, most personal loans mean a long term commitment and you may need to borrow more than you actually need. This might seem like a bonus at the time, but you probably won’t be feeling that way when you’re still lumbered with the monthly repayments several years later.
Design your own cash advance with our loan calculator
A Wonga loan is different because, rather than offering lots of fixed products which suit us, we let you use our loan calculator to design your own bite size loan before applying for it.
Whether you need £58 or £198, or want some cash for a week or 21 days, use our loan calculator to see exactly how much it will cost to receive the funds within an hour. If you’re happy with the repayment amount, go ahead and make an online application. Simple! We’ll even give you an instant decision and, if you’re approved, deposit the cash in your account in minutes.
You will find the loan calculator on the Wonga home page. Just move the sliders around until you’re happy with everything. You won’t find this kind of flexible loan anywhere else and you can see what our existing customers think of the service on our customer comments page.
March 12th, 2009 at 1:11 pm
It’s maybe a bit grand to call it a loan calculator but then I guess that’s what it does. I just mean you can get other loan calculators that compare several different loans from different banks etc. But then I guess you mention that – I’m not making a good argument here am i??! Love the service anyway
March 12th, 2009 at 1:14 pm
Ha, ha. Well if we didn’t call it a loan calculator we’d have to call it our clever loan illustration widget thingie with the Wonga sliders, which doesn’t roll off the tongue.
March 12th, 2009 at 1:27 pm
There’s a good loan calculator here – http://www.moneymadeclear.fsa.gov.uk/tools.aspx?Tool=loan_calculator – but it can only work with loans of at least a year. Pretty much proves your point I guess
March 12th, 2009 at 2:53 pm
If nothing else, it’s a great looking post – love the image of the loan calculator. Leaves nothing to the imagination, but instead shouts it out loud and clear, “WONGA!”
March 12th, 2009 at 3:55 pm
Gr8 service, looooooving it
March 12th, 2009 at 3:59 pm
I’ve used other internet loan sites and it’s like night and day with Wonga. Wonga are SO much faster and I love the way you can choose how much you want to borrow. I tell all my friends about you
March 13th, 2009 at 2:31 pm
Comparing loans and credit is not quite as simply as JoocyLucy’s recommended calculator makes out, especially if your long-term financial situation is not predictable. At least Wonga’s charges are clear and you know what you owe and when. Knowing where I stand is worth something to me!
March 13th, 2009 at 4:53 pm
Very cool interface and so much easier to use than others. Its really friendly!