>> Apply Online Tonight low credit loans Fast Cash in Hour

60 Seconds Fast Loan low credit loans No Faxing

Wonga was established in 2007 and is today one of the most talked about payday loan lenders in the UK They have a significant online presence and their service is totally online so you dont have to call or fax
They also have a unique business model where they charge a 1 fee per day in contrast to most lenders who charge 25 loan-term Depending on your needs the Wonga model could be expensive or cheap so you should check out their loan slider to see how much you will repay
Wonga lend up to 1000 and for new customers they lend up to 400 Their representative APR is 4214 and their charges are 1 per day So for a 207 payday loan for example the costs will be
207 for 20 days total amount payable 25442
interest 4192
Administration fee 550
representative APR 4214
Like other top payday loan lenders Wonga also have minimum requirements and they are
must have a bank account that receives direct debit
must be 18 years old
must be employed or a freelancer or consultant
must be a resident of the United Kingdom
Wonga have the most customer reviews on the web Thousands of their customers have left reviews on prominent online payday loan comparison and review sites
There are many positive ones and some negative ones too and this is to be expected for a company in this field However many of them show that they are a responsible lender and this is why theyve been classed as the UKs top lender
There are pros and cons associated with Wonga and weve included the major ones below to help you decide if its the right lender for you
Pros
1 Wonga not only accepts the fully employed they also approve freelancers and consultants who can demonstrate the ability to repay on the due date
2 They charge 1 per day on the payday loan and this could be cheaper than all other lenders if you borrow for a shorter period
3 They deposit funds in your bank account within 15 minutes of approval and that includes weekends too
4 Wonga have the best loan slider in the industry which features prominently in their TV ads and clearly shows what you repay
5 They regularly offer promo codes that help you save on loan charges
6 They lend up to 1000 and this is more than the industry average of 750
Cons
1 Wonga have very few negatives but their loan charges can be potentially the highest especially if you borrow for a longer period
Summary
This lender has shown that it has the best service and takes its customers needs seriously They have a very helpful website which includes some top features like the service to pay for your bills without the funds reaching your bank account first