Wonga 6 Month Flexi Loan

447 reviews

1086% Representative

Will lend between: £200 - £600

Over: 6 - 6 Months

Representative example: If you borrow £600 over 6 months at a Representative rate of 1,086% APR and an annual interest rate of 274% (fixed), you would pay 5 monthly instalments of £189.72 and a final payment of £189.69. The total charge for credit will be £538.29 and the total amount payable will be £1,138.29.

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Wonga 6 Month Flexi Loan customer reviews.

447 reviews

4.3 out of 5 stars

07:43 24-05-2017
ImageSmart Money People

Their services are quick and easy and they always provide you with the amount you need.

[email protected] com

One of the Best on the market
14:42 17-05-2017
ImageSmart Money People

A true great for short term money borrowing. Easy to know how much for how long and the cost of borrowing, pay back early and save on interest? What else could you possibly wish for.

John Mason

16:12 12-05-2017
ImageSmart Money People

Very difficult to secure a new loan even though previous loan was paid off with no issues.

Emma meehan

Vicious cyxle
21:13 04-05-2017
ImageSmart Money People

Vicious cycle Also once charged more than I should have been which made the cycle worse

Judith freitag

Very helpful team
07:05 12-04-2017
ImageSmart Money People

Extremely recommended, help you in difficult times. Friendly team, explain their rates in every detail. Keep up the good work wonga you've helped me on a few difficult moments!

Amy Odonnell

Transparent and Flexible
07:39 22-04-2016
ImageSmart Money People

I have to review one then it is Wonga, out of them all they seem to be the most transparent and easy to get hold of and communicate with if there are problems. I do like the fact there is a bonus for paying early too and some flexibility.

Kerry Whincup

Our review of Wonga 6 Month Flexi Loan

Wonga is a London-based short term lender founded back in 2007 and is now a household name in the UK. The company has a good reputation for effective customer service and YouGov reported their reputation is only getting stronger. Wonga sell 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’, the '6 Month Flexi Loan' and the ‘3 Month Flexi Loan’. This review is for the 6 Month 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 6 months
  • Existing customers can apply for up to £2,000
  • Flexible repayment date

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 1098%
  • Arrangement fee: £0
  • Early repayment fee: £0
  • Late payment fee: £15

Wonga 6 Month Flexi Loan Customer Question & Answers

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About Wonga 6 Month Flexi Loan

Among Wonga’s product offering is their instalment option called Flexi Loan. Flexi Loan amounts range from £200 to £2,000 that can be repaid in six monthly repayments (minimum term of 164 days, maximum term of 188 days) at a representative APR of 1,086% interest is charged at 0.75% per day. New customers can borrow up to a maximum of £600, however if they repay this on time then they may be able to borrow up to £2,000 on their return.

As part of the application process customers can select their repayment date, which will be the same each 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.

Customers are able to repay their Wonga Flexi Loan early and there is no fee for doing so, they simply need to log in to their account on the website and follow the instructions.

Default interest continues to be charged at 0.75% per day following the relevant repayment date. Default interest will become due on the following repayment date. You’ll never have to pay back more than twice the amount you borrowed. So if you borrow £200, the most you would have to repay would be £400.

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