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Looking for a Wonga loan?

22 October 2020

Wonga Loans is a UK based loan company originally founded in October 2016 by Errol Damelin & Jonty Hurwitz.  Wonga was the original payday loans company and 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.

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Representative example: Borrow £300 for 3 months / Interest payable £154.38 / Total amount payable: £454.38 in 3 instalments / 3 payments of £151.46 / Representative 1297.5% APR / Interest rate 292% per annum (fixed) / Maximum APR 1625.5%

Compare short term loans on Clear and Fair

Representative example: Borrow £300 for 3 months - Interest payable £154.37 - Total amount payable: £454.37 in 3 instalments - 3 payments of £151.46 - Representative 1297.5% APR - Interest rate 292% per annum (fixed). Repayment periods are 3 months to 6 months, Additional options may be available to you as a repeat customer. Total Maximum APR = 1625.5%
Quidmarket is a trading name of Stagemount Limited Authorised and regulated by the Financial Conduct Authority, our firm reference number is: 677995. Registered Office; Stagemount Ltd, 6 Broadway, Nottingham NG1 1PS. Registered in England and Wales company number: 07259223. Data Protection: Z2501836. Copyright © 2023 QuidMarket Loans – Short Term Loans.
Warning: Late repayment can cause you serious money problems. For help, visit: www.moneyhelper.org.uk