Cash loans explained
What is a cash loan?
It’s a cash advance which is normally paid straight in to your bank account or given face to face as a cash lump sum. Cash loans are normally unsecured which means that they are not secured against an asset like your home or car. Each cash loan provider has their own terms, fees and application methods so if you do need to apply for a loan, make sure you research the type that’s best for you and you should always think carefully before committing to any form of credit.
There are lots of types of cash loans available, from more traditional bank loans to quick loans online, or fast cash advances, and guarantor loans. There are also short-term loans from lenders like us. Wonga is an award winning digital finance company whose mission is to help people with occasional and short-term cash flow needs. Find out more about how Wonga works.
Amount of credit: £100 for 13 days. Interest rate: 292%pa (fixed).
One total repayment of: £110.40. Representative 1,509%APR.