~ Pricing now meets the required cap of 0.8% daily. A small weekly £100 loan would now cost £5.60 whilst a full month (30) would be £24.
~ As a result, there is no longer a charge for the transmission fee (was £5.50).
~ Promo Code Savings have been discontinued since these were designed for the transfer charge.
~ These short term loans are still flexible, but there has been a slight downgrade. You can no longer borrow £1, but will instead have to take out a minimum sum of £50. The amounts do change in tiny £1 increments though once you move up from £50.
~ The website has finally took on a new look. I’m personally a greater fan of their past design.
Wonga is a release of WDFC UK Ltd that launched at www.wonga.com back in the year 2007. This company was established by Errol Damelin who was born in South Africa that was a country that the brand would later launch into. This London-based finance firm was innovative in their early years through their flexible short term loan product, that at the time provided much more flexibility than their rivals could offer. PaydayUK and QuickQuid were the big names at this time that offered simple monthly loans. The advantage with this lender was that they allowed their applicants to choose the repayment date to any specific day that they desired.