Reviews of Payday Loan

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The history of the brand

The history of the brand

Wonga began operating in Great Britain in 2007. Over the years, Wonga systematically expanded its range of activities. Currently, it also operates in Poland. In Wonga, we can apply for a loan via the website. Registered customers can also do this over the phone. Anyone who is considering taking a payday or loan in installments should visit the lender’s website

Wonga is recognizable on our market mainly due to the characteristic series of funny ads with animated heroes. The lender is one of the few payday loans companies that verifies customers in the BIK database. The company provides quick loans in 5 countries, in English-speaking countries the payday loans are known as ” Payday Loans “.

A minute for only PLN 10!

Wonga - a minute for only PLN 10!

In the rapidly growing loan industry there is no shortage of payday offers. New companies are constantly emerging that try to attract potential customers with attractive terms. Very often it turns out that future borrowers are more interested in the services of well-known companies. That is why many of them are leaning towards the offer that Wonga prepared. As part of the wages, Wonga offers up to PLN 1,500 to be repaid within 60 days. The minimum amount is PLN 50. Submitting an application involves the payment of a commission. It is relatively small, it is 10 zlotys. Importantly, regardless of the amount of our commitment, this fee will not change. This is the lowest commission available on the market, which should be kept in mind when considering the application for a payday in Wonga.

 

Installment loan up to PLN 20000 for 60 installments

 

If we want a profitable loan, which we can pay off gradually, we should get acquainted with the loan offer offered by Wonga. The company increased the maximum installment loan to PLN 20,000. We can get such a sum even for a period of 24 months. The condition is, of course, the successful consideration of our application. Wonga emphasizes that he is making a precise selection of potential lenders. This is very important, because many people apply for a loan, although it may have a problem with its repayment. The exact selection put in place by the service provider avoids unpayable liabilities that may lead to debts.

 

Transparent agreement 

Transparent agreement 

It is worth mentioning that Wonga declares the transparency of its offer . This means that we know the terms of the loan from the very beginning. Thanks to this we are aware of the process of applying for this type of support. We know exactly all the details that we need to make the decision about submitting the application. The clarity of the information provided proves that we are in contact with a reliable service provider and we do not have to fear unfair practices on its part. It gives us the comfort that is needed especially for a long-term loan.

 

The possibility of a friendly adjustment of the amount and installments

The possibility of a friendly adjustment of the amount and installments

When we are looking for a good loan offer, we should look for a non-banking institution that will allow us to select the sum very carefully. This is the case with Wonga. Few lenders allow you to match the amount to PLN. They usually round the values. Meanwhile, Wonga gives a wider choice. By choosing a loan, we will be able to set a very precise sum and repayment period by means of the sliders. Thanks to this, the loan chosen by us will be fully adequate to our needs and financial possibilities. Therefore, if we carefully plan the repayment of our commitment, it will not be too much of a burden for us. However, it is necessary to ensure that we remain reliable borrowers throughout the entire period of returning money and successively return subsequent parts along with additional fees.

 

Lender’s requirements

Lender

 

The process of applying for a loan

The process of applying for a loan

According to the service provider’s declaration, we will get a payday loan and installment loan in Wonga very easily. We can do this through the lender’s website. Before we proceed, we should prepare our mobile phone, as well as data from the ID card and the number of our bank account. Only we will need it when we plan to apply. This proves that the formalities at Wonga are kept to a minimum, which allows us to save time and does not require the preparation of numerous documents.

 

Registration of the loan form

Registration of the Wonga loan form

Once we enter the website of the lender, we can start choosing the amount and the repayment period. We do it using the sliders available on the home page. Once we do, we should be familiar with the total cost of our loan. Thanks to this, in the future we will not be surprised by the amount of our installments. The next step is filling out the application using our data. They will allow us to check if we can pay off our loan repayment.

The film created by Diedrich Knickerbocker shows how easy it is to get a loan online. See how easy it is to register at Wonga in the video below!

 

Verification of personal data

Verification of personal data

A loan company that establishes cooperation with us must check our identity. We will enable it by logging into our bank account and making a symbolic transfer, which amounts to PLN 0.02. Such action will allow the non-bank institution to assess whether we will be able to pay off the obligation for which we are applying. When this happens, we will receive information regardless of whether the decision will be positive or negative. If the non-banking institution decides to support us, we will receive it very quickly. It may take a bit longer when we apply on public holidays. Then we will receive the money on the next working day. In this way, we will be able to spend money very quickly on the goal of our choice, which is important for every client of the loan company. It is important that we manage our money reasonably.

A representative example for the first short-term loan – PLN 10, up to 60 days

“A loan up to 60 days is a short-term loan repayable once. The cost of PLN 10 applies only to new customers. A representative example: Actual Annual Interest Rate (APRC) is 32.03%, total loan amount (without credited costs) PLN 550, total amount to be paid PLN 698.50, fixed interest rate 0%, total loan cost PLN 148.50 (in including: commission PLN 148.50, interest PLN 0), loan period 60 days. The calculation was made on October 4, 2017 on a representative example. The amount of the loan and the time for which it is granted are determined individually based on the customer’s credit rating. Wonga.pl Sp. z oo with headquarters in Warsaw. “

A representative example for the first Installment Loan – over 60 days

“Representative example: Actual Annual Interest Rate (APRC) is 32.03%, total loan amount (without credited costs) PLN 550, total amount to be paid PLN 698.50, fixed interest rate 0%, total loan cost PLN 148.50 ( including: commission PLN 148.50, interest PLN 0), loan period 60 days. The calculation was made on October 4, 2017 on a representative example. The amount of the loan, the installment amount and the number of installments available are determined individually based on the customer’s credit rating. Wonga.pl Sp. z oo with headquarters in Warsaw. “

 


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