Wonga Loans is a UK based loan company originally founded in October 2016 by Errol Damelin & Jonty Hurwitz. Wonga rose to success after being the first loan company to have an App in the Apple App Store.
The loans Wonga offer (taken from Wonga website 22/02/18):
- Wonga 6 month flexi loan Representative 1086% APR
- Wonga flexi loan – 3 month – Representative 1286% APR
- Wonga short term loans representative 1509% APR
Customers are provided a Wonga login to access their accounts online.
A late payment will incur a £15 miss payment fee by Wonga should you not pay within 3 days if the missed payment.
How Wonga compares
In comparison QuidMarket have one simple set representative 1297% APR. QuidMarket do not charge late payment fees.