What APR Can I Expect with a Loan Similar to Wonga?

Our panel of lenders for alternative Wonga loans in the UK can offer APR rates starting from 43.1%. The exact APR you are offered will depend on the lender and the loan terms you are applying for. If you are considering a payday loan, note that the APR may be higher for smaller borrowing amounts as these loans are designed for short-term use. On the other hand, if you are applying for a personal loan or a secured loan for higher amounts and a longer term, the APR will likely be different. We recommend reviewing the APR being offered by the lenders when considering your loan offers, so you can make an informed decision before proceeding.

Can I Apply for Wonga Loans in the UK Lenders If I Have Poor Credit?

Yes, you can still apply for loans similar to Wonga in the UK even if you have a less-than-perfect credit score. Our panel of lenders offers various types of loans, not just payday loans like Wonga. We have bad or low credit score loans available specifically to help those with a low credit score. You won't need a guarantor if your credit history is poor, and some online lenders may only require a suitable joint applicant. You are free to browse our lender offers, even with bad credit, and apply for UK Wonga loans alternatives as a sole applicant if you find a suitable loan offer.

What Happens if I Miss Repayments on Alternative Loans Like Wonga?

In the event that you miss a repayment on your alternative Wonga loans agreement, it's important to contact the lender as soon as possible to make arrangements to repay the arrears. You may be required to pay any applicable late payment fees, and if you continue to miss repayments, it may lead to defaulting on the loan. If you're experiencing financial difficulties, it's crucial to discuss next steps with the lender and seek further independent financial advice from organisations like Money Helper or Citizens Advice to help you make informed decisions.

Are Wonga Loans the Same as Payday Loans?

Wonga was a payday loans lender that went into administration in 2018, providing short-term cash loans and payday loans that were typically repaid on the borrower's next payday or over short monthly instalments. However, our alternative Wonga loans here at LoanBird offer greater flexibility, allowing you to repay the borrowed amount over a longer period of up to 5 years, depending on the value of the loan. You can still get a fast cash payout on the same day and borrow up to £5,000, even if you have a poor credit history, as long as you can afford the repayments.

What’s the Maximum I Can Borrow with a Wonga Alternative?

The maximum amount you can borrow with a Wonga loans alternative is £5,000, subject to credit and affordability checks. However, at LoanBird, we can help borrowers connect with lenders of loans up to £15,000 for other types of long-term loans or personal loans. A Wonga loan alternative is more suitable for short-term use over a shorter repayment period, with the loan amount being less to ensure the repayments are affordable. If you need to borrow a higher-value loan, you can see all the available options when completing your application.

Does an Alternative to Wonga Provide Monthly Instalments?

The maximum amount you can borrow with a Wonga loans alternative is £5,000, subject to credit and affordability checks. However, at LoanBird, we can help borrowers connect with lenders of loans up to £15,000 for other types of long-term loans or personal loans. A Wonga loan alternative is more suitable for short-term use over a shorter repayment period, with the loan amount being less to ensure the repayments are affordable. If you need to borrow a higher-value loan, you can see all the available options when completing your application.

WARNING: Late repayment can cause serious money problems. For help, visit moneyhelper. LoanBird are a licenced credit broker, not a lender. LoanBird does not make credit decisions. We may receive a commission from the lender or broker we introduce you to.

WageDayAdvance Loans Alternatives

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Rates from 48.1% APR to 1721% APR. The minimum Loan Term is 1 month. The maximum Loan Term is 36 months. Representative Example: £1,000 borrowed for 18 months. Repayment of £89.22. The total amount repayable is £1605.96. Interest amounts to £570.44, annual interest rate of 59.97% (fixed). Representative APR: 79.5% (variable).

Note: High cost short-term credit is designed for temporary financial relief in unexpected situations and is not intended for long-term use or regular financial management.

Get A WageDayAdvance Alternative Loan With LoanBird

Step 1
Application

Complete the one-page form, you will fill out relevant information, including how much you are interested in borrowing as well as other applicable details. The entire form is online, so filling out the form only takes minutes of your time.

Step 2
Decision

Once the information is submitted, you will receive a fast decision. If accepted, you’ll be directed to the lenders website to finalise the application with them directly.

Step 3
Cash

Finally, once accepted by the lender and you have finalised the application with them, they will send the cash to your bank account. Most customers receive the cash on the same day, some in 60 minutes.

WageDayAdvance Loan Process with LoanBird

If you’re looking for a short-term loan, it’s important to consider all your options. Whether you need a loan to cover car repairs, unexpected bills or another urgent expense, you need to carefully consider if you can afford the repayments and how the loan will affect your current financial responsibilities.

At LoanBird, we want you to make a fully informed decision about your finances, which is why it’s essential you consider the pros and cons of every option, including WageDayAdvance alternative loans. We’re here to help you understand what’s involved with WageDayAdvance loans, along with loans like WageDayAdvance that you may want to consider instead.

LoanBird uses a smart search-based algorithm that lets us swiftly try to connect you with the best lenders for your personal and financial circumstances. We work with a panel of over 20 lenders who offer various loan products, including emergency loans, payday loans, plus many more. You can use our handy online form to apply for a loan, and we’ll aim to immediately connect you with the best lenders for your circumstances. We offer loans like WageDayAdvance, with some of the best APRs available and flexible repayment periods that are tailored to you.

WageDayAdvance loans were previously offered by a company CURO Transatlantic Limited (CTL) (who traded as Wage Day Advance Limited), but this company entered administration in February 2019. WageDayAdvance loans were taken over by a new owner in January 2021. You can apply for a WageDayAdvance loan via their website using the online form.

Who Are WageDayAdvance?

WageDayAdvance is a UK-based short-term credit broker that specialises in small loans. The company was founded in 2021 and is authorised and regulated by the Financial Conduct Authority. The WageDayAdvance loans range from £100 loans to £5,000, with repayment periods varying from 1 to 36 months, depending on the lender and details provided by the applicant.

What Loans Do WageDayAdvance Offer

There are various WageDayAdvance loans, including payday loans, bad credit loans and same day loans. Each WageDayAdvance loan can be used to cover various expenses, from urgent bills to unexpected expenses. However, WageDayAdvance loans don’t include debt consolidation loans, long-term personal loans or mortgage products. You also can’t get a WageDayAdvance loan that is guaranteed.

In the UK, all lenders and brokers must follow strict guidelines set by the Financial Conduct Authority (FCA). Under these regulations, all loan applications must be properly assessed for affordability and creditworthiness and lenders can’t offer a 100% guaranteed approval without checking your financial circumstances.

Why Choose LoanBird as an Alternative to WageDayAdvance Loans?

If you’ve used WageDayAdvance and are looking for loans like WageDayAdvance or are simply considering your options, LoanBird is the perfect place to look for short-term loans. We work with a trusted panel of 20+ lenders in the UK who offer various loan products.

You can easily apply for a loan from LoanBird by using our simple online form, which lets you choose how much you want to borrow and your preferred repayment period. Unlike some brokers or direct lenders, we work with lenders who perform a soft search, meaning you could see your chances of approval without affecting your credit score. After you’ve accepted a quote, the lender will conduct a hard credit check.

Our platform is designed for speed and ease. The application form takes just a few minutes to complete, and if approved, funds could be transferred into your bank account on the same day, which is perfect for your urgent cash needs. We don’t charge any fees to use our service, and we’ll only connect you with FCA-authorised lenders.

Am I Eligible for A LoanBird Loan?

Before you apply for our WageDayAdvance alternative loans, you need to check that you meet the lending requirements. Applicants must be at least 18 years old, a UK resident and have a UK bank account and debit card. You’ll also need a regular income, with the ability to make the required repayments.

How to Apply for a Loan

It couldn’t be easier to apply for loans like WageDayAdvance at LoanBird. Just use our online form to select how much you want to borrow and your preferred repayment period. We’ll need to know various information about you, including your income and regular expenditure, to help us try and match you with the right lenders.

Loans Like WageDayAdvance FAQs

Is LoanBird a direct lender?

No, we’re a loan broker, which means we work with a panel of FCA-authorised lenders to find you the best short-term loans. You can apply for loans ranging from £100 to £5,000, which means you could choose to borrow a £100 loan or a £1,000 loan. (Subject to lender checks and your circumstances).

Can I apply for a loan with bad credit?

We work with lenders who consider applicants of all credit types, which means you could be eligible for a small loan for bad credit.

Does applying for a loan affect my credit score?

A hard credit check may temporarily affect your credit score, although a soft credit check won’t.

What happens if I miss a loan repayment?

You need to contact your lender as soon as possible if you think you may miss a repayment. If you miss a repayment, you could be fined loan penalties and your credit score could be affected.

Is LoanBird safe and regulated?

Yes, we are authorised and regulated by the Financial Conduct Authority.

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