Wonga £50 Loan with 6.9% Charges
There are two such qualities that sets Wonga apart, being the ability to choose the exact loan amount and also the exact loan term date. Most payday lenders tend to have a minimum loan requirement of £80 or £100. Sometimes we may only need a small amount of cash for the weekend or to prevent us from dropping into the red with our bank that will incur expensive charges. There is much less risk involved in a smaller loan and so there is more chance of the lender accepting your application and the smaller debt will be more manageable for our own finances. Choosing the exact loan term means that we can reduce the overall charges by having the term shortened. We may be paid weekly or we may be getting hold of some money in a few days and so this ability to pick the specific loan date is ideal.