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