Swift Money
Wonga Loans
  • New customers can apply for up to:
  • User Recommendation:
  • Loan duration:
  • Repay in instalments:
  • Fees for fast online transfer:
  • Existing customers can apply for up to:
  • £1000
  • 95.2% (Verify)
  • 6 months
  • Yes
  • Free
  • £1500
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Wonga
  • £400
  • 44% (Verify)
  • 1-34 days
  • No
  • Free
  • £1000
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Looking for a Wonga payday loan? Why not try a Swift Money payday loan

Wonga payday loans are a smart alternative to payday lending. Try Swift Money for an even smarter alternative and get an unbelievably lower APR in the process.
Wonga, which means ''the origin of money'' is a Romani slang term which has been in use in Britain since the 1980s.

Wonga in UK

Wonga became synonymous with payday loans after the formation of WDFC UK limited in 2006. Wonga is the trading name for WDFC UK limited which was founded by entrepreneur and investor; Errol Damelin and Jonty Hurwitz, a software engineer and artist. After formation, Wonga quickly became a market leader in the UK payday loans industry. According to the latest statistics, Wonga enjoys a 30-40% market share in the UK payday loans industry. Although Wonga operates in many countries, the company is best known for its operations in the UK.

Wonga is credited for spearheading important innovations which helped boost online lending. The company has been behind interactive user interface technologies which offer borrowers real-time visual loan quotes, risk analysis software for performing automatic credit checks among many other technologies i.e. loan apps that make it possible for people to get online loans easier and faster. These technologies are now standard in the industry.

The Swift Money alternative

Swift Money is pushing innovation forward. We have a read-only access system where our customers can monitor their current accounts closely. Our system also allows automatic transfers which help customers avoid expensive overdraft fees in cases of unauthorised overdrafts.

Swift Money also offers better account management flexibility compared to Wonga. We can take repayments automatically every month when you get paid and are in a position to comfortably make a repayment.

Our system also enables customers to make additional repayments anytime, even early, giving you a perfect opportunity to reduce the total amount of interest owed as well as the overall cost of the loan.

Last but not least, our APR is way lower than Wonga’s and we also cap the total amount repayable so you never accumulate interest for more than 40 days even if you haven’t completed repaying your loan.

Need a fast Wonga Payday loan? Consider our alternative!

Emergencies happen when we least expect it and in some cases, you won’t have enough money to cope with the immediate expenses that arise. How do you cope during such times? Well, it’s easy.

If you need a quick Wonga payday loan, consider applying for a Swift Money payday loan instead. It takes a few minutes to get cash for emergencies.

How it works

Step 1: When the need for a Wonga loan arises, apply for a Swift Money payday loan instead using our user-friendly online application platform.

Step 2: Receive an approval decision

Step 3: If your application has been approved, we will wire money immediately to your bank account. Money is wired within 10 minutes after an application is approved. Borrowers don’t incur any extra cost.

Step 4: Repay the loan amount and interest accrued on your next payday. The repayment takes place automatically from your debit card or bank account, whichever you choose. It’s that simple and convenient. You can repay before your next payday if you like.

Swift Money is dedicated to offering its clients the quickest and easiest payday loan experience. We are a fully licensed UK payday loan lender focused on offering the best alternative to payday loan lenders like Wonga.

Do you need Wonga payday loans to cater for emergency expenses?

If you ever need emergency cash to fix your car, pay for an emergency hospital bill, fix your cooker, buy essentials etc. but you don’t have money in your bank account and can’t access traditional credit fast, a Swift Money payday loan should be the answer to your short-term emergency cash needs. We send our clients money within 10 minutes after a loan application is approved, and it’s all at no extra cost!

Definitely a great alternative to Wonga loans. Our speed and charges are unmatched. We also offer a lower APR. Furthermore, you can get our payday loans 24 hours a day, 7 days a week including bank holidays. Emergencies can happen at any time. Choose a payday loan lender that understands the real meaning of emergencies. Swift Money is there for you 24/7.

We offer a faster and more straightforward payday loan application process, free money management tools and we don't charge you to link your account to our platform. We are clearly a better alternative to Wonga loans.

Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk. Representative Example: Amount of credit: £200 for 28 days. One total repayment of £244.80. Interest: £44.80. Interest rate: 292% pa (fixed). 1294.1% APR Representative.