Quick loans

When you need a quick loan, Wonga is able to provide one of the fastest, most streamlined application anad payment processes in the UK - thath's why we can honestly say we do quick loans. That doesn't mean we don't take our responsibilites seriously - we do - but our systems allow us to do so quickly. We understand there are some months when you just need that extra bit of cash to see you through for a while. The problem is you usually need it fast and that's where Wonga comes in.

Wonga loans are available 24 hours a day, 7 days a week, 365 days a year, paid directly into your bank account. Wonga is so fast that once approved, you will have the cash in your account within 15 minutes. Now that's a quick loan!

Wonga's quick loans explained

Wonga's quick loans are to be paid back within a month. Using the slider bars on the homepage, select how much you would like to borrow, from £1 to £1000, and the date you promise to pay it back and Wonga calculates exactly how much the repayment will be before you apply. The application only takes minutes and a decision is normally instant. Once approved, your quick loan is paid directly into your bank account within 15 minutes.

The secret of Wonga

If you're wondering what makes Wonga so quick, it's really quite simple. From start to finish, our service is all done online. Our unique online loan application means you don't have to call us or fax any additional information. And, because we transfer your money electronically, it will immediately be sent to your account. There's no waiting to receive cheques and you don't have to wait around in your bank.

Quick loans - unlike other online lenders

We're about giving you financial freedom for those times when your pay just doesn't stretch to the end of the month or if you've had an unexpected expense. We only ask for responsible borrowing in exchange. Borrow from Wonga what you can afford to pay back within a month and we'll all be happy. When you pay a loan back, you'll increase your Wonga trust rating so you can potentially borrow larger amounts from us in the future.

Why apply for quick loans?

When you need quick cash, you may not be able to wait while your bank takes its time going through paperwork, interviews, processing forms and leaving you hanging. That boiler needs fixing now and the car can’t stay in the garage for days on end until you sort out your finances.

Being strapped for cash happens to the best of us, especially in that one or two-week period before your salary gets deposited into your account. Months can go by where we meet our budgets with no problem, but then comes that one time when it feels like we’re being squeezed dry.

If payday seems too far away to deal with the costs you have right now, then a loan might be the best solution. Even better, a quick loan. That’s where Wonga can help.

What happens after applying for quick loans from Wonga?

So the application has been sent (weren’t those sliders easy to use?), and you’re waiting for Wonga to get back to you about whether or not we’ve approved your quick loan. What’s happening is that we’re using the personal information and bank details you gave us to check your credit situation – we only lend to people who we think can afford to pay back the loan. It doesn’t take long to do this, usually minutes and we do it because lending to people with good credit means you solve your short term cashflow problem and we are more likely to get repaid on time.

If everything is fine, Wonga will approve your loan request and transfer the money straight into your bank account. The transfer fee has already been added to the amount you need to pay back, which you saw when you applied for the loan. In fact, the interest is in that figure as well, so you know exactly what you’ll owe on the pay deadline you’ve set – right down to the last penny.

Quick in the right ways

While quick loans and a quick, satisfactory service are Wonga’s speciality, we don’t then hope to just say a quick thank you. We’re there to help with questions about debt and borrowing and you can easily find advice about those things on this website.

You can also contact a customer service representative by phone during the week to ask any questions about your account, or fill out a simple form to email any queries across. Wonga aim to respond to and sort complaints within 48 hours.

Want to see what Wonga customers have to say? You can read their comments and find out the latest stats on Wonga’s service in the Wonga Customers section of this website.

Credit confidence

Wonga run credit checks on anyone who applies for a loan. We take lending money as seriously as people should consider borrowing money, and we don’t want to see our customers go further into debt while using our service.

If you already have good credit and are approved for a quick loan from Wonga, you could improve that rating by paying your loan back on time. A good credit rating means a lot, especially when you need to borrow larger amounts in the future through a bank loan or mortgage. So, your quick loan could benefit more than just the outstanding bills you have at the moment.

Quickly sorted with a quick loan

At the end of the day, we just want problems – large and small – to be sorted as easily as possible. Unexpected bills or sudden financial difficulties are big problems that seem to complicate everything, making you feel like life is standing still while you try to fix them.

In these situations, quick loans can help take your life off pause and put it back into motion. Wonga specialises in short term loans, and our quick application and approval process can mean we send the money you need to your bank account in just 15 minutes. Your loan can be repaid as quickly as you like and there are no early repayment fees if you decide to repay early.

Try today to see why so many of our customers rate us as their best choice of lender for short term cash loans.