Online Loans

Looking for online loans can be a time-consuming process with little gratification. With so many online lenders offering fistfuls of cash, it’s easy to jump too quickly and borrow more money than you actually need at a cost that’s higher than anticipated.

But that won’t happen at Wonga.com because the cost of your loan will always be shown to you upfront, before you apply. Plus, we only offer online loans of up to £400 for first-time applicants. This is because Wonga works on a basis of trust. Over time, as we get to know you better and if you use our service responsibly, we’ll gradually increase the amount you can borrow, eventually reaching the maximum amount of £1000.

Why Wonga for online loans?

There are many features that are unique to Wonga compared to other online loans. Being the most flexible online lender, Wonga allows you to set your own loan term from just one day up to a month. You can even repay your loan early without incurring any fees or penalties. Those two features combined make for a super convenient service.

If you aren’t sure how long you need the cash for, you have the flexibility to set a longer loan term and then simply login to your Wonga account and select the option to repay early. That’s right, you can manage your own loan online, day or night. Additional self-service features include updating your personal and banking details, adding a debit card, selecting your primary debit card and more.

The cost of online loans

You’ll be hard pressed to find any online loans with pricing as straight-forward and transparent as Wonga’s. We charge£1 of interest per day for every £100 borrowed, plus our super-fast transfer fee of £5.50 gets you the cash within 15 minutes of approval, 24/7. That means if you borrow £100 for five days, it will cost you £10.70 including interest and fees.

Wonga loans are different from other online loans because our sophisticated risk and decision technology means the application and approval process takes literally minutes. We are the first company in the world to fully automate the lending process and we are able to make completely objective and responsible decisions around the clock.

Check us out today!