Money to Borrow
If you’re looking for money to borrow for a short time, Wonga is here to help. Wonga provides short term loans online to consumers in the UK. Wonga loans are great for those occasional unexpected expenses that creep up on you out of the blue. If the car window suddenly won’t roll up and it’s five degrees outside, then that’s an unexpected expense that you can’t put off.
Fast unsecured loan online
Our short term loans range from one day to a month and for as little as £1 up to £1000. This means that if you need £111 for 9 days you simply need to set the sliders on the homepage and begin the application.
Control
Wonga aims to provide a short term solution that puts the user in control. Wonga is the convenient, 24/7 solution for cash when you need to borrow money, and you are committed to repaying your loan on time.
Returning Wonga customers can review their live loan in the My Account section of the website. Users can also update their personal details as well as bank and debit card details in this section as well. Just another convenient way for you to manage your wonga...
What to think about when borrowing money
Deciding to borrow money from a friend may not seem like a big deal, but borrowing money through a short-term loan is a serious commitment. A friend or family member may understand if you need a few extra days to get the full amount together, but a loan provider wants all their money paid on the date you agreed.
You can actually find out what a short-term loan from Wonga would cost right now. Just set the sliders on the homepage to the amount of money you want to borrow and how long you want it for – the amount shown is what you’ll need to pay back to Wonga.
Even though borrowing money from Wonga will ensure that you’ll know exactly how much you need to pay on the date you’ve agreed, failing to meet that deadline will cost you extra. You’ll be charged £20 as a missed payment fee and the amount you borrowed will continue to accrue interest. It’s not an ideal position for you or your finances to be in, so we urge all our customer to think before they take out a loans and when they do to repay us on time.
So, take a minute to go through the questions below. They’ll help you figure out how much money you need to borrow, when you can pay it back, and whether you really need to borrow money in the first place.
● Do you need to borrow money?
This might seem like a silly question, but people looking for short-term loans sometimes do so because they’ve just been hit with a huge bill they didn’t expect. It’s easy to then immediately think that you need to borrow money, but make sure that there’s definitely no way you can work something out with the cash you have. If the only other options besides a short-term loan include starting a lengthy bank loan application process, racking up credit card debt or going into your overdraft, then a short term loan could be the right choice.
● What will the loan pay for?
Is it just that big, unexpected bill that’s the problem, or do you just really fancy getting tickets to that concert or football game? Both are valid reasons for getting a short-term loan, as long as you’ve got the money to pay it back – but we’ll get to that next. Make a list of all the expenses that you’d like to squeeze into this month’s budget and find out how much you’re coming up short. Decide if any of those expenses can hold off until next month, after you’ve got your pay cheque. Also, see if there are any luxuries that you can do without for a week or so, just until you get through this rough patch.
● How will you pay back the loan?
When a company tells you that you can borrow a significant amount of money, it’s easy to just think about what that will pay for and forget that it needs to be paid back. That’s why Wonga will only allow first-time borrowers to have up to £400 for just a month. Will your pay cheque cover the money you’ve borrowed, or will you still be asking your friends for help when the pay deadline comes up? Borrow money that you can pay back in less than a month to avoid going into further debt.
● Will borrowing money this month hurt next month’s finances?
So you’ve decided that you’ll have enough money in your bank account when you need to repay your loan. But will that mean you can’t cover the rest of your bills during the month? Even though short-term loans don’t last long, it’s still important to plan in advance. Make sure your loan payment won’t affect the other things you need to pay for in the weeks ahead.
If you’ve decided to borrow money through a short-term loan from Wonga, it’s really simple to get going – just use the sliders to borrow the exact amount you need and to choose the exact day you want to pay it back. That amount you see is the total you’ll pay for the whole thing – fees and interest included. Check to see that it fits in with your budget and get the application process going. Once approved, you can have the money you need transferred to your account really quickly and get back to your day before you know it!