How does Wonga Work ?

Wonga is a short-term loan provider established in the UK since 2007. They distinguish themselves from other  short-term lenders on the market with their super-fast approval system, because you don’t have to submit any paper work or have prolonged, annoying phone calls when you need some fast cash, their entire service is online.

Actually, their system is so fast that once you’re approved, usually in a few minutes, you’ll see the money in your bank account within 15 minutes. The longest period of time offered by Wonga is up to a month, using their cool sliders from the homepage you can choose how much money you want (up to £400 for new customers) and how long you want it for (up to 31 days).

You will see the exact cost of the loan upfront, without any surprises.

What Do I Need To Apply For A Wonga Loan ?

You need to be 18, currently living in the UK and own a bank account with a debit card attached to it, an email address and a mobile phone.

What Is A Wonga Promo Code ?

You can use a Wonga Promo Code to save money off the regular cost of a loan. Using our tested promo codes you can save £5.50 when you take out a loan of £50 or more.

How Do I Submit My Application ?

Since Wonga’s system is entirely internet based, the applications need to be submitted online. You can use complete an application by going to Wonga.com.

After you have selected how much you want to borrow and for how long, click on the “apply now” button. In the next step you will be asked to fill out your personal details. Don’t forget to have your banking details, debit card and mobile phone in mind because you will have to submit all three of them during the application process.

After the application is fully completed and submitted you will generally receive an instant decision regarding your loan.

How Do I Use My Promo Code ?

After you’ve clicked on the image code above, alternatively you can Click Here, you should be redirected to Wonga’s home page. If the code has been applied successfully the page should look like this:

However, if for some reason, you are not able to see that image, go ahead and click on “Enter promocode”:

When the blue box appears, just type in “ife980″ and hit Submit:

After this, a congratulations box should appear, just click Confirm:

You should see the text “Promocode applied – we’ve waived our £5.50 super-fast transmission fee!” as in the first image if everything went right.

Now, all you have to do to get your loan is to set the sliders to the sum of money you want, how long you want it for and click “Apply now”.

One of the best things about Wonga is that they’re totally transparent, and as you can see, the total amount which you will pay when the payment is due is displayed from the start.

Wonga Resources

- Wonga has been established in October 2007, you can read more about them here:

About Wonga

- Here’s an interesting interview with Wonga’s Chief Executive Officer, Errol Damelin, about responsible lending:

Errol Damelin on responsible lending

- A Guardian article about the launch of Wonga’s business loans service:

Wonga launches Business Loans

- Wiki’s article about Wonga.com:

Wonga on Wiki

Wonga Contact Details

Registered Number: 6374235. Registered Address: 88 Crawford Street, London, W1H 2EJ.

Wonga.com’s consumer credit activities are licensed by the OFT, licence number 611974.

Telephone numbers:

If you want to repay your loan using their automated repayment line: 0207-1830063

If you want to speak to a Wonga representative call: 0207-1388330