Is Wonga right for me?

It’s impossible to give one piece of advice to everyone about the right type of loan for them. It is always down to individual circumstances and individual requirements, but our service is designed to tide you over for short periods when you know some money is coming your way. Wonga is not intended for managing existing debt or as a constant credit solution. You definitely should not apply if you aren’t sure whether you'll be able to repay the loan on time.

Wonga delivers instant cash when you need it, which then needs to repaid within a month. No other UK lender can approve loan applications and get the cash to your bank account within minutes, 24/7. There are cheaper ways to borrow money, but none as quick or flexible as a Wonga loan. The APR is much higher than traditional loans, but you’re only borrowing the money for up to a month and APR is a calculation that looks at the cost of a loan annually.

You're welcome to compare APR, but our application process is completely transparent and we calculate the full cost of the loan up front, before you apply. The only way the cost could exceed that initial figure is if you don't stick to your side of the deal and fail to repay the loan when agreed. Unless you're repaying early of course, which saves you interest and definitely won't incur a nasty hidden charge. So first decide how much cash you want to apply for and then choose how many days you need it for. Then look at the cost and carefully consider whether you can comfortably afford the single repayment before moving on. 

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