How much does a Wonga loan cost?
Interest is charged at 1% a day - £1 per £100 borrowed per day. Select how much you'd like to borrow and the date to pay us back and we’ll calculate exactly how much the full repayment will be before you apply.
The official APR is 2334% - but bear in mind that the loan duration is only up to 30 days. We provide short term loans and APR is an industry standard calculation that looks at annual repayment costs. Only using APR to consider a Wonga cash advance would be a bit like trying to book a short hotel break by looking at the theoretical cost of staying for a year!
We have a £5.50 transmission fee that helps cover the cost of our super-fast cash deposit system - the quickest on the web! Again, this is included in the total cost you'll always be shown up-front.
