How your Wonga loan works

Our short term loans could help if you have an unexpected expense

Representative 1,509%APR

Our short term loans could be a big help if you need a small amount of extra cash. You can see all costs upfront, and there's a single repayment

You set when you want to repay. We'll take repayment from your debit card automatically

New customers can borrow up to £400. Existing customers can borrow up to £1,000 depending on their Wonga personal application limit

Short term loans are for occasional use only. You shouldn't use them to manage existing debt, or if you're already under financial strain

Your journey using Wonga

Getting Started

To apply you must:

Be over 18

Be a bank account and debit card holder

Be a mobile phone owner

Live in the UK

Answering yes to these questions means you can apply for a Wonga loan. But we can't guarantee acceptance. We always assess each application individually and only lend to people we think can afford to repay on time.

Checking the cost

Use our sliders to set how much you want to borrow, and when you want to pay back.

You'll see the costs before you apply.

What are the costs?

What does a Wonga loan cost?

For every day you borrow £100, you pay 80p

Borrow £100 for a week – you pay £5.60

That's 0.8% per day.

Before you apply

Our loans are for short term use only and may not be the cheapest option.

You shouldn't use our service to manage existing debt or if you are already struggling financially

Applying online

Simple online application

You apply online - no paperwork or phone calls. We'll ask for your address, bank and employment details. We never contact your employer, but we will do an online credit check.

What we give you

  • A loan explanation showing how our service works and things you need to know
  • An important information document which highlights all the key facts
  • Our standard terms and conditions

You should read these carefully and only continue if you're happy the loan suits your needs.

We'll usually say yes or no right away

Depending on the information you gave us, you'll get 1 of 3 decisions

Remember, we will only offer you a loan if we think you can afford to pay back.

Yes - Approved

You've been approved for a loan.

No - Declined

We couldn't give you a loan this time. We'll show you the reasons for this decision onscreen so you can see what might have affected your application

Maybe – Referred

If we need to check a few more details before deciding whether to approve your loan, we will normally be back in touch with a decision within 24 hours

You decide

If you're approved, we'll give you your loan agreement. Please read it carefully.

Make sure you're happy to take on the commitment.

If you are, press ‘I accept' to sign it. If you're not sure a loan is right for you, don't press as you'll enter into a formal agreement.

We send the money in 5 minutes – how fast it appears in your account depends on your bank.

Representative 1,509%APR

Repaying is automatic

We've made repaying simple. We take payment from the debit card you register with us, on the date you request.

Just make sure you have enough money in your bank account from 5am on your repayment date.

Find out more about repaying

We use continuous payment authority (CPA) to take repayment automatically. If we can't collect on your repayment date, we'll try to contact you. If we can't get hold of you we'll try to take the amount owed from your card once again using CPA within 30 days. We'll contact you the day before we use CPA for the second time.

Make sure you read How we collect payments.

Pay back early - and save interest

You can repay all or some of your loan early at any time and save interest as you only pay interest for the days you borrow. There's no fee for repaying early

See how you can pay early

To repay all or part of your loan early, login to My account and click ‘Repay' or call our automated payments line on 0207 183 0063

Can I top up my loan?

If you already have a loan, but need some extra money, you may be able to top it up while keeping the same repayment date.

To check if you can apply for a top up, login to My account.

See how we calculate your top up

The amount you can top up will depend on your personal application limit and our credit and affordability assessment of you. We assess each top up application on an individual basis and we can't guarantee that your application will be successful.

Please be aware, you can only top up a loan once a day and a maximum of 3 times.

If your application for a top up is successful, you'll need to enter into a new credit agreement for the extra amount. Once you've accepted the new credit agreement we'll send the extra money in 5 minutes. Interest is charged at the same rate as your original loan.

You've repaid on time

After your repayment, we'll send you a final email to thank you for paying off your loan.

That's all there is to it!

What if you repay late?

We may report late payment to credit reference agencies, which may affect your credit rating, and make getting a loan more difficult and more expensive in the future.

If you delay repaying you will face extra costs

Extra costs

Missed payment fee


We'll charge you a missed payment fee of £15 if you don't repay by 11pm on the third day after your repayment date.

Continued interest on your balance

0.8% per day

Interest will continue to be added to your balance for up to 30 days after your repayment date.

You'll never have to pay back more than twice what you borrowed. So if you borrow £100, the most you would have to repay would be £200.

What if you can't repay?

You need to contact us straight away. We always want to help you if you're having financial difficulties and we'll always try to find a solution that works for both of us.

Find out more about How we can help

Login to the My account area of our site

Set up a repayment arrangement with us and we'll freeze interest.

What happens if we can't agree a fair repayment plan? We will work with you to try and agree a fair and affordable solution.

If you can't pay back, call us. We're here to help

0207 138 8330

24 hours a day, every day.

The important thing is to call us as soon as possible.