Wonga Loans Review

Wonga Loans – Borrow Up To £400

Wonga Loan Reviews
Mike Thompson (05/04/2012)
Got the loan pretty quick, the process was simple and easy. Only down side was the interest and fees they charge on top of what you borrow. Only borrow small amounts as you will end up paying vast amounts back. May look for a better deal next time.
Henna Mahmood (08/06/2011)
Wonga Loans are great! I had the money in my account the very same day; and it only took a few minutes to apply, really simple and easy to do. Great once again!
Tracey Simpson (18/04/2011)
i needed some cash to pay my mortgage and wonga loans was recommended to me through finance talks. i could borrow exactly what i needed and choose how long i needed to borrow it for. i had the money the same day! just what i needed to tie me over til payday!

How To Apply at Wonga Loans

The Application Process

1. Use the slider box on the homepage to show how much cash you want and how long you want  it for

2. Verify the total repayment which includes Wonga fee’s

3. Click “Apply Now”

4. Fill out and submit the form with employment, bank, and debit card details

5. Receive the approval email

Find Out How Much You Can Borrow

£1 – £400 for new customers and up to £1,000 for existing customers depending on trust rating.

The Speed of  Payout
Wonga Loans make cash deposits within 15 minutes of application approval. This also depends, however, on the schedule of the receiving bank. Some funds make to longer to show if banks are smaller and do not have automatic cash transfer systems.

Wonga Fees
A £5.50 transmission fee for fast cash deposit; the fee is included in the repayment amount. The loan interest is charged by day and depends on the amount of the Wonga Loan.

Late Payment  Charges
If the debit card has insufficient funds on the morning of the due date, there is a missed payment fee of £7.50. If payment is still not available by 5pm of the due date, there is another charge of £17.50 and the account is passed on to collections.

ID requirements
Personal information (name, address, phone number, etc.), bank account details, and debit card details for verification.

Do I Need a Bank Account?
Yes, from the UK.

Repayment Example

Amount of credit £207 for 20 days, total amount payable £254.42.

Interest £41.92. Interest rate 360% pa.

Transmission fee £5.50.

Representative APR 4314%.