Choose Wonga over traditional payday loans

Welcome to Wonga. We know you just searched for payday loans – you might be glad you found us!

We’re different to traditional payday lenders, like quick quid and others, because we put you in control of your loan.

You can use the sliders below to decide exactly how much you want to borrow and how long for. We don’t believe in catches or hidden fees, so you’ll see the full cost upfront.

Representative example

Amount of credit: £150 for 18 days. Interest: £27.99. Interest rate: 365%pa (fixed).
Transmission fee: £5.50. One total repayment of: £183.49. Representative 5853% APR.

Benefits of using Wonga

1)   We give you flexibility and control

Typical payday loans are tied to your payday and charge around £25 per £100 borrowed, regardless of how many days you borrow for.

We know you might only want to borrow money for a few days to solve an emergency cash flow problem or take advantage of an opportunity you can’t miss which is why with Wonga, you choose how much to borrow, to the pound, and for how many days. The best bit? If you want to repay early, you can – there are no early repayment fees and you’ll save on interest.

2)   We're convenient

Applying for a loan is straightforward.

You can apply online and if approved we’ll send your money within five minutes. And because we’re online, you can apply 24/7, 365 days a year. You can even apply for a loan on the go, through our mobile website, iPhone app and Android app.

We want to make repaying as hassle free as possible and that’s why we automatically take repayment on your due date from the debit card details you registered with us. Make a note of your repayment date, and make sure you’ve got enough money in your bank account on your repayment date to repay your loan. If we haven’t received full payment by 5 pm on your repayment date, you’ll be charged a £30 missed payment fee and this may impact your credit rating. Interest will also continue to accrue on your account. Take a look at how we collect payments.

If you’re struggling to repay your loan for any reason, please contact us straight away, and we’ll do our best to find a fair and flexible solution which takes your financial circumstances into account.

3)   We're transparent

We’ll always tell you the full costs upfront and the total amount to repay before you apply. There are no catches or hidden fees to worry about – even if you repay early and unlike some other lenders we don’t charge early repayment fees.

Our flexible, short-term service comes with a representative APR of 5853% APR, but bear in mind that the average loan duration is usually less than 20 days. We provide short-term loans, while APR is an industry-standard calculation that looks at annual repayment costs. We don't actually charge thousands of per cent in interest.

You can find more information on our APR here.

Eligibility criteria

We take a genuine interest in our customers’ financial health and consider every application on an individual basis. You should always think carefully before committing to any form of credit.

To be eligible to apply for a Wonga loan, you must:

  • Be a UK resident
  • Be over 18
  • Have a UK bank account and debit card
  • Own a mobile phone

If you need to get in touch, our contact details are:

Phone: 0207 138 8330
Email: customercare@wonga.com

 

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk