Wonga 3 Month Flexi Loan

446 reviews

1286% Representative

Will lend between: £150 - £500

Over: 3 - 3 Months

Representative example: Representative Example: If you borrow £400 over 3 months at a Representative rate of 1,286% APR and an annual interest rate of 292% (fixed), you would pay 2 instalments of £200.38 and one final instalment of £200.37. The total charge for credit will be £201.13 and the total amount payable will be £601.13.

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Wonga 3 Month Flexi Loan customer reviews.

446 reviews

4.3 out of 5 stars

Surprisingly helpful and transparent
18:19 01-07-2017
ImageSmart Money People

Simple process, clear information and when in difficulty they were really helpful

Terri Millington-Davies

Needed money quickly
17:42 30-06-2017
ImageSmart Money People

When needed money the most had it in bank account within an hour

Alan Burren

14:34 23-05-2017
ImageSmart Money People

Best company, very helpful always there and he'lp when needed

Liam walsh

Wonga - can't go wrong-a !
17:37 17-05-2017
ImageSmart Money People

Simple and easy loan. Terms explained and no hidden costs. Affordable repayments. Would use again and recommend to others.

Louise Collett

The best
15:48 11-04-2017
ImageSmart Money People

I feel Wonga is the best loan to get they are very helpful and the money goes into your bank strait away, what more could anyone ask for when getting a loan

Robert Mclean

Quick and useful when you need instant cash.
10:40 26-04-2016
ImageSmart Money People

A Wonga loan is reliable and fast, I find it faster than depositing money when I am at risk of going overdrawn, and much cheaper than missing a direct debit or fees for going overdrawn. Fast, reliable, flexible as you can do it anywhere.

Tim Bain

Our review of Wonga 3 Month Flexi Loan

Wonga is a London-based short term lender founded back in 2007, which has become a household name in the UK. The company has a good reputation for effective customer service and YouGov reported that this is reputation is only getting stronger. Wonga sells themselves on a clear and quick application process - they could pay you within 5 minutes of approval.

Wonga specialises in high cost, short term lending and have three products; the ‘Short Term Loan’, '6 Month Flexi Loan' and the ‘3 Month Flexi Loan’. This review is for the Flexi Loan product which is the longer term option if you are looking for money in a hurry, but want to spread your repayments over a few months. The application process is very transparent and the price of missing a payment or failing to repay the loan before the end date is made clear from the start. You can apply online, but you’ll need a mobile phone and Wonga will ask for your address, bank and employment details as well as permission to run a credit check.

In terms of additional fees Wonga do not charge for early repayment, so by repaying early you could save yourself some interest. However, failure to repay on time will result in a late fee of £15 and a continual charge of 0.8% interest per day on your remaining balance. Rest assured, you will never be charged more than twice the value you borrowed. In line with FCA legislation if you borrow £100 the most you will need to pay back is £200.

This type of loan is not designed as a long term solution or for sustained borrowing. Be sure before applying that you’re able to pay back in full. Failure to repay your loan on time will affect your credit rating and could leave you in a difficult financial situation.

My verdict: Wonga is one of the market leaders in the high cost short term loan space. Their transparent and easy to use website, easy application process and clear terms make them worth considering if this is the type of product you’re looking for. Just be sure you’ve compared your options and are confident you can afford the repayments before you apply.  

Written by: Alex


  • Funds within 5 minutes of approval
  • You have 3 days after your payment due date before being charged a missed payment fee
  • Repayment duration is 3 months
  • Existing customers can apply for up to £1,500
  • Flexible repayment dates

Minimum criteria

  • You must be aged 18 or over
  • You need to be a UK resident
  • You must own a mobile phone
  • You need to have a bank account with debit card


  • Maximum APR 1286%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £15

Wonga 3 Month Flexi Loan Customer Question & Answers

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About Wonga 3 Month Flexi Loan

Among Wonga’s product offering is their instalment option called Flexi Loan. Flexi Loan amounts range from £150 to £1,500 that can be repaid in three monthly repayments (minimum term of 63 days, maximum term of 97 days) at a representative APR of 1286%, interest is charged at 0.8% per day. New customers can borrow up to a maximum of £500, however if they repay this on time then they may be able to borrow up to £1,500 on their return.

As part of the application process, customers can select their repayment date, which can be the same each month, the last Friday, or the last working day of the month. Wonga provide all their applicants with a detailed repayment schedule including the total repayable amount. As the application process is completely online, there is no paperwork to send in or phone calls to take and the loan is signed by customers pressing ‘I accept’ on their loan agreement. Once this is completed and processed by Wonga, the funds can appear in your bank within five minutes, depending on your bank

There is no fee for cutomers wanting to pay off their Wonga Flexi Loan early. Customers simply need to log in to their account on the website and follow the instructions.

Default interest continues to be charged at 0.8% per day following the relevant repayment date. Default interest will be due on the following repayment date. You’ll never have to pay back more than twice the amount you borrowed. So if you borrow £100, the most you would have to repay would be £200.

Late payment fee is payable three days after the repayment date. Interest does not accrue on the late payment fee.

Company information

Registration number: 6374235



The Harlequin Building at 65 Southwark Street, London, SE1 0HR

FCA registration

Reference No: 671454

Trading names: Wonga.com

Place of business: 88 Crawford Street, London, W1H 2EJ

Data protection registration

Registration No: Z1358344

Data controller: WDFC UK Limited

Address: 88 Crawford Street, London, W1H 2EJ

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Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk