#payday loan lenders uk
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.
Benefits of using Wonga
1) We give you flexibility and control
We know you might only want to borrow money for a few days to solve an emergency cash flow problem which is why with Wonga, you choose how much to borrow, to the pound, and for how many days. If you want to repay early, you can – there are no early repayment fees and you’ll save on interest.
2) We’re online
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 a mobile.
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 11 pm on the third day after your promise date, you’ll be charged a missed payment fee of £15 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 1,509%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.
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: