Loan

Have you heard about Wonga? It's a new type of loan and it's a totally new way of borrowing that's credited to your account quickly. It's perfect for the times you just need a little instant cash to see you through to pay day.

We're a payday loan, and the fastest loan service in the UK. Payday loans are perfect for the moments when you need your payday to stretch that little bit further. Forgot to buy a wedding gift? Need a bit of extra cash on a last minute holiday? Wonga can help.

What's the deal with payday loans?

Payday loans are a quick and convenient way to get instant cash. They're a short term solution for the odd month you need to pay for something and can't wait until pay day. But don't get lured in by the first one you see. Ever heard of a 'loan shark'? Well, they aren't actual sharks. It's the name given to lenders who charge like a wounded bull for their services, and there's a lot around.

Enough animal talk, lets talk loans. Wonga doesn't encourage long term debt. We provide an alternative and cheaper way for you to get cash on those unexpected moments when you suddenly need cash that hasn't quite made it into your account yet.

With Wonga, you can find the short term loan in your account an hour after you apply, providing we receive it by 3pm on a weekday. If you submit it after that time, it'll be there on the next business day. Depending on your Wonga trust rating, you can borrow between £200-£1,000.

A loan with Wonga is also low cost

Put simply, the interest rate is £1 per £100 per day. Select how much you would like to borrow and the date you promise to pay it back and Wonga calculates exactly how much the repayment will be before you apply.

What makes Wonga so different to other loans?

To start with we're far cheaper than any other pay day loan, and we don't have the inflexibility of a bank. Banks prefer you to take out larger sums and pay them off over a longer period of time - but if you only need a small amount, why not pay your loan off as soon as you can with a Wonga payday loan? It's quicker and will save you money interest.

Wonga's unique online application processs gives us confidence about your ability to pay the loan off, so we're not going to charge you extra interest like some loans. We want your loan to be affordable so you can pay it off within a month. Because Wonga is all done online, you don't even have to fax us in paperwork or wait in queues. It's as simple as applying online and watching the money appear!

Sometimes, there's too much month at the end of your money and wonga can give you some financial freedom to live your life until payday!