About us

Wonga is a slang term for cash or money, used in the UK and especially in London (“A whole lotta wonga”). From the Romany word wanger (coal) - coal was sometimes used as a casual term for money in England in the 18th and 19th centuries. In the Nguni languages, the word wonga means status, prestige, a treasure or an accolade and is often used as a name.

Our story

We're different

Wonga is different from other online lenders because our sophisticated risk and decision technology means the application and approval process takes literally minutes. We are the first company in the world to fully automate the lending process and we are able to make completely objective and responsible decisions around the clock. There's no paperwork, no need to meet with a bank manager and no sitting for hours on hold on the phone – our entire service is online and real-time. We are also uniquely flexible, allowing applicants to choose exactly how much cash they want to borrow and for how many days they need it. Our customers aren't forced to borrow a fixed sum they might not need, or pay interest for any longer than necessary.

We're responsible

Wonga offers short term loans for up to a month and we make money when our customers repay us quickly, not by continually extending a growing line of credit. We are serious about our commitment to responsible lending.

Wonga moments

In an ideal world no-one would need to borrow money but, in reality, everybody has the occasional Wonga moment - those times in life where an urgent expense or purchase pops up from nowhere and at a really bad time. You need some cash to tide you over for a few days or weeks and you need it fast. We believe it's best to sort out short term cash flow problems with a short term solution. So whether it's the car that's just conked out, an urgent bill has just arrived or you've just remembered your wedding anniversary with hours to spare... Don't worry, Wonga it!