How your Wonga loan works

Key Facts and Information


Is a wonga.com loan right for me?

We're here to ease your short term, urgent cash flow needs. So, if you're short of money due to an unexpected bill or emergency, we could help.

Choose how much, for how long

Apply online anytime 24/7

Online decision

See the full cost upfront

Only pay interest for the days you borrow

Representative 1,509%APR

You should always think carefully before committing to any form of credit.


If you don’t repay on time:

You'll be charged a missed payment fee of £15 if you fail to fully repay by 11pm on the third day after a promise date on your current loan. We may report this to credit reference agencies. This may affect your credit rating and your ability to get credit from us or other lenders in the future. It may also make getting credit more expensive in the future.

There are a number of things to consider before taking a loan with us

  • Our loans are intended for occasional use only
  • You shouldn’t use our service to manage existing debt or if you’re already feeling the strain financially
  • Our loans must be repaid within weeks
  • Our service isn’t designed for long term borrowing and isn’t always the cheapest option

As a responsible lender, we:

Assess every application on an individual basis

Make sure our customer care team can’t see reasons behind our decisions, for your security.

Consider many of pieces of data and perform credit checks to make fast, accurate decisions

Assess all applications carefully and only offer loans to people we think can afford to pay them back and never guarantee approval


We don’t lend to everyone. You must be:

A UK resident

Over 18

A bank account holder with a debit card

A mobile phone owner

When it comes to repaying, make sure you have enough money in your account by 5am on your due date. We'll automatically try to collect repayments from your primary debit card or, if you've registered other cards with us, the most recently registered. Find out more about how we collect payments.

If your application is approved, you will need to keep your repayment promise. We want our relationship to be based on trust, so we lay out the facts as clearly as possible. Only you can decide whether to apply or not. So if you're not sure you can afford a loan, or comfortably repay on your chosen date, please get advice before making a decision.