Helping you find the Loan you need!

I would like to borrow

£100
£200
£300
£500
£800
£1000
£3000
£5000
£7500
Other amount

£

For how long?

1 month
2 months
3 months
6 months
9 months
12 months
24 months
36 months
Other period

months

I would like to borrow

£

£ 100

£ 7500

For how long?

months

3 month

36 months

Representative 49.9% APR.
Representative example: Amount of credit: £750 for 12 months at £77.29 per month.
Total amount repayable is £927.48.
Interest charged is £177.48, interest rate 49.9% pa (variable).

Rates from 11.8% APR to 1575% APR – your Free, No obligation quote and APR will be based on your personal circumstances, and Finance is subject to availability and status. Authorised and regulated by the Financial Conduct Authority.
We are a fully regulated and authorised credit broker and not a lender.

No fees

Easy to apply

Privacy protected

No paperwork

100% Secure Uk site

Approved Loan Broker

No Obligation Quote

Wonga Payday Loans

Wonga Payday Loans Review

 

In 2011, Wonga was on top of the world. Their profits where growing amazingly fast as well as they swiftly developed into one of the prominent lending institutions in the UK. The secret behind their success is the exact same factor for their eventual downfall.

Wonga was one of one of the most considerable cash advance lending institutions in the UK till it closed

Still, their name lives on, as the name ‘Wonga’ has actually become equal for Payday Loans in the UK. Today, thousands of individuals still on the internet search payday loans utilizing terms like: “Wonga”, “Wonga loans” and even “borrow Wonga”. As this disappears of an alternative for UK customers, CashPanda.co.uk can provide safe, easy and quick cash advance loan like Wonga to fill up that requirement.

Background of Wonga


Established by Errol Damelin and Jonty Hurwitz, WDFC UK Limited, trading as Wonga, in 2009.

Wonga was the first payday loans direct lenders of its kind that provided payday advance quick loans as well as short term loans absolutely online. Before that, lenders could not approve any loans without receiving physical paperwork from the customers using fax or email.

It really did not take long for the company to take off, and Wonga established itself as the UK leader in payday loans. The term ‘Wonga’ means in Romani “money”. ”Payday loans” and ‘Wonga’ became widely recognised across the UK, as well as with the help of an aggressive company’s advertising campaign and even sponsoring a football team Newcastle United.

With adverts claiming, ‘Credit for the real world” and “straight talking cash’ Wonga.com has actually come to be the biggest payday loans direct lender company in the UK as well as for small loans and loans for bad credit that every person knew.

They presented great TV ads of Wongies– puppets of two elderly people chatting positively  about Wonga offering immediate cash advance cashasap.

Wonga’s success was attributed toits incredibly high-interest rates with some of the APR being as high as 5,000%.

Wonga’s was lending for a couple of day or a week up to 34 days up to the sums from £50 to the max of £400
In 2013, the UK regulator the FCA came out with new rules and regulation for the high cost short term credit market. These adversely effected Wonga’s business, in particular the following points

  • Total cost cap of 100%, meaning that the most people ever pay back is double the loan amount.
  • Loans are capped at 0.8% per day.
  • All fees are capped at £15.
  • Loans won’t be rolled over more than twice.
  • A risk warning must be included in all television advertising
FCA payday loans rules Cashpanda.co.uk

Unfortunately, some clients could not repay back the loans as well due to the high amount of interest that their loans carried.  This led to numerous customers and claims management companies submitting cases versus Wonga which led to millions off losses between 2015 and 2016.

With more and more cases piling up against Wonga, they had to settle back substantial amounts of cash to their customers. This was the reason that resulted Wonga to file for administration in 2019 their run and Wonga officially entered management in 2018.

 

Apply to Wonga Loans Alternative through Cashpanda.co.uk

Wonga is no more a choice for payday loans online, however CashPanda is here to help you find a Wonga alternative loan

Applying via CashPanda simple form quickly will let you know if other lenders are interested to approving your cash loan, which may offer better deals.

It’s FREE! As CashPanda.co.uk Payday loans, Personal loans and short term loans are 100% Free, no obligation quote So, you have nothing to lose as well it will save you time and might save you money!

We at CashPanda understand that cash advance is in need sometimes for emergency situations when in need of some urgent additional emergency cash for a few months.

CashPanda.co.uk only works with the UK Top Lenders all regulated and approved by the Financial Conduct Authority (FCA).

Always remember that late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Why to choose

  • Borrow between £100 - 7500
  • We search the market for you
  • Totally Free service!
  • 100% Secured UK Site
  • No Obligation Quote
  • Leading Loan Broker
  • Your data is secure
  • One Simple Form
  • Same day Cash*
  • No hidden costs
  • No Paperwork
  • Open 24/7
Get a quote now
Quick, easy and efficient service. I been approved and received the cash in the same day.
You been really helpful during my emergency. Thank you very much for your help.

How it works?

file-circle

Apply Online

Simply fill out our secured user friendly online form

payday loans direct lenders high acceptance uk,while yet payday loan direct lenders; 

person-circle

Finding your Loan

Our Panda will process your application and will look to locate the right loan for you and your circumstances.

cash-circle

Get Cash

Once you are approved, you will be directed to your special lender to finish the process.

and bad credit payday loans; so loans for bad credit no guarantor;  

Why Cash Panda?

Our mission

CashPanda’s mission is to genuinely help and protect consumers when they are in need of a Short Term Loan online in the UK.
Cashpanda.co.uk is fully regulated by the UK Financial Conduct Authority (FCA). We have High approval rates and our Panda will help you you get your short term loan online, easily, securely, and Totally Free with no obligation.   

Innovation

Our new and innovative state of the art technology allows us to put you, the customer in the front while, the top lenders compete to lend you the money you need.

Transparent service

CashPanda provide fully transparent service to find you the best* responsible and trusted lender with the cheapest interest rate (APR) possible and terms according to your own special circumstances.

Availability

It doesn’t matter if you have bad credit or poor credit, at Cashpanda.co.uk all credit types are considered. We will use our innovative technology to find you a suitable solution straight away

According to the amount you want to borrow, and your ability to repay the loan among other factors. 

 

Who can apply?

To be eligible to get a loan, you need to:

apartment

Be a Legal UK resident 

Instant Payday Loans Online UK

+apartment

Be 18 years of age or older

Instant Payday Loans Online UK

piggy-bank

Have a valid UK bank account, working phone and email

Instant Payday Loans Online UK

wallet

Have a regular source of income (min £700 per month)

Instant Payday Loans Online UK