Searching online for a Wonga payday loan today? Try our new alternative to payday lending and receive from £200 up to £1100. We are a moral direct lender, authorised by the FCA, and we would love to help you – even with bad credit. Our easy-to-use online application form takes just a few minutes to complete, and you will get an instant lending decision. If approved, money can be in your account within an hour.

Your Wonga Loan Alternative Information Card
  • You can get a Wonga loan alternative from £200 to £1100
  • Feel free to apply, even with a bad credit score
  • You can repay your Wonga loan alternative with up to 4 instalments
How Much Can I Borrow?
  • 3 minutes to complete the online application form
  • 90 seconds instant lending decision
  • 1 hour from approval, the money should be in your bank account

* Average numbers

How Fast Can I have the Money?
  • We are an FCA authorised direct lender.
  • We welcome people with bad-credit
  • Unsecured loans, no guarantor needed
Why Cashfloat?
FAQs about Wonga Loan Alternatives

Wonga Loans

In some parts of the UK, Wonga is a slang term for money. And even today, thousands of people in England are still searching for online loans using terms like: “wonga”, “wonga loans” and even “Borrow wonga”. If you arrived at this page with the intention to get an instant loan from a good direct lender, you are at the right place.

How Do Wonga Loans Compare to Cashfloat’s Alternative?

Wonga.com and Cashfloat.co.uk are both FCA-authorised firms acting in the UK. But that doesn’t mean that they are always the same. Before you take a loan online, always check all your available options. It can save you a lot of money. We always encourage our customers to compare all the credit options available for them and come back home to Cashfloat once they realize our offer is the best for them. To make this easy for you, we have listed some of our loan features in this “dare to compare” table below.

While Wonga.com is probably the most well-known payday lender in the UK, a new generation of lenders like Cashfloat.co.uk may offer you a smart alternative to Wonga loans. We always try our best to get you the right loan for the current situation. You should use any payday loan, from Cashfloat or Wonga, carefully. This credit product is highly sophisticated, and is designed to help you get through a short term need for extra cash – not as a long term solution.

Wonga Cashfloat Wonga alternative
Lender Products
  • Wonga short term loans (There is no such thing as Wonga long term loans)
  • The Wonga payday loan
  • Wonga Flexi loan
Interest Rate

The Wonga interest rate is calculated at 1,286% (APR)

Cashfloat’s interest rate is 997% (APR)

Loan calculator

A Wonga loans calculator is built into the Wonga application form. When you apply, it will automatically calculate repayments for you.

Cashfloat also has a loans calculator integrated into the application form. In addition, you can use our affordability calculator to check your eligibility before you apply.

Mobile App

There is no Wonga loans app available as of now. Still, Wonga loans are fully accessible through any device.

Cashfloat’s app is available on Android and Apple app stores.

Login Facilities

The Wonga login is accessible through the Wonga desktop site as well as the Wonga mobile site.

You can login to your Cashfloat account from any device with Internet.

UK based?

Wonga is an international payday loans company with branches in South Africa, Spain and Germany. To access Wonga loans in the UK, use the UK website www.wonga.com.

Cashfloat is based locally in the UK. If you need anything, we are here to help! You can apply for our loans at www.cashfloat.co.uk

How Do I Apply For a Wonga Loan Alternative?

Applying for a Wonga loan alternative with Cashfloat is easy. All you need to do is to click here and you will be directed to our online application form. Filling out our application form should take no more than a few minutes of your time and you will get an instant lending decision. This is simple and straight forward! No?

What Is The Maximum I Can Get a Wonga Loan Alternative For?

With Cashfloat, we offer loans ranging from £200 up to £1100. However, for new customers we offer loans up to £500. We have a large range of Wonga loan alternatives available, for example cash advance loans, online loans and payday express loans. When borrowing money from any lender, be sure to only borrow the amount you will need as you will be paying interest on the full amount borrowed.

Can I Get a Wonga Loan Alternative Today?

With Cashfloat, the money can reach your bank account within 10 minutes to 1 hour of approval! That’s fast! We use Faster Payment Services (FPS), so if you bank does not support FPS then it can take a little longer. We fund all our loans on the same day as approval with no extra fee.

Remember, even when you need cash quickly, make sure to folllow all safety guidelines to confirm you are dealing with a responsible lender.

What Are the Wonga Origins?

WDFC UK Limited, trading as Wonga, opened its doors in October 2009. It was founded by Errol Damelin, who was joined by Jonty Hurwitz, a software engineer, three months later. Wonga was the first of its type; previously, no loan could be granted without physical documents being faxed or emailed to the lender. It didn’t take long for the start-up to take off, and Wonga took its place at the head of the payday loans industry in the UK. The term ‘Wonga’ is a British slang word meaning ‘money,’ of Romani origin. ‘Wonga’ and ‘payday loans’ are practically synonymous, due to extensive advertising by Wonga.

Will the FCA Protect Me?

The FCA is there to protect UK consumers from any harm caused by bad conduct in the financial services industry. In the UK, the Financial Conduct Authority (FCA) regulates financial institutions. Its major role is to protect the public interest. Therefore, it’s heavily involved in protecting both individuals and businesses from fraud.

Firms that have something to hide will never provide a clickable link. In fact, they may decide to omit an authorisation number altogether. They may also try to mask the authorisation number as a picture, preventing you from linking through to the FCA.

Companies that aren’t upfront and honest about their ties with the FCA most probably have something to hide. Given the extent of fraud in the lending space, proceeding to take out a loan just isn’t worth the risk.

Cashfloat is a New Generation Lender

Born after the new FCA regulations, Cashfloat has built their entire business model on ethical lending. All our operations and processes are based on providing a moral and ethical lending process in the UK. Just by default, we have an advantage over more established lenders who had to adapt their method of operation to fit within the FCA regulations. You are guaranteed to be safe when taking a payday loan through Cashfloat because we define our success by the number of people we help, not by the profits we make.

Can I Get a Wonga Loan Alternative With Bad Credit?

Yes! Many of our satisfied customers do not have the perfect credit score and we were still able to help them. Our credit assessment takes affordabiliy and many other factors into account when you apply for a loan. You may be temtped to use a lender that advertises ‘no credit check’. However, don’t fall for this as no credit check loans are illegal in the UK.

Cashfloat Online Payday Loans

If you decide to go with a Cashfloat payday loan, you will experience a new payday loan experience. Unlike Wonga, Cashfloat is a new lender, offering fast, more flexible payday loans. If you have any problems, you can speak to our friendly customer service team who will do everything they can to help make you payday loan work for you. We believe that payday loans should be simple and clear, no hidden fees and all information should be upfront. Try our Wonga alternative today for a fresh short term loan experience.

Payday Loans Lenders In the UK

Company Direct lender Loan types Comment
Cashfloat New direct lender Payday loans, short term loans, Cash advances Customers choice as a new alternative to payday lending in the UK
Uncle Buck Traditional direct lender 3 month payday loans Uncle Buck was founded in 2010.
Mr Lender Traditional direct lender Short term loans Mr Lender operates under the registered name ‘PDL Finance Ltd’
Quickquid Traditional direct lender Short term loans Quickquid was launched in 2007, the first branch in the UK of the American company, CashNetUSA.
Wonga Traditional direct lender Short term loans up to £400 for new customers Wonga infamously faced nationwide criticism before the FCA era.
Payday Express Traditional direct lender Short term loans Payday express is a founding member of the Consumer Finance Association
Piggy bank Traditional direct lender Short Term Loans and Instalment Loans DJS UK Limited is the company behind Piggybank
Wageday Advance Traditional direct lender Short term flexible loans Wageday advance is a Yorkshire based company
Payday UK Traditional direct lender Payday loans Payday UK is a trading name of Instant Cash Loans, which also trades as The Money Shop and Payday Express in the UK

* We try to promote fair competition and allow customers to compare Cashfloat loans with other leading lenders in the UK. We intentionally left the Dare to Compare comparison table empty so you can do your own comparison. Cashfloat try to be the best for you but we want you to compare and make your own decision.

Getting a Wonga Loan Alternative – Conclusion

Getting a Wonga loan alternative with Cashfloat is easy! If you are thinking of going for a Wonga loan, be sure to confirm you are getting the best deal availble for you. If not a Wonga loan alternative may be the other option. Cashfloat is a FCA-regulated and trusted payday loan company offering loans to people even with bad credit. We offer Wonga loan alternatives up to £1100. To apply for any of our wonga loan alternative, just take a minutes of your time to fill out our online application form and you will get an instant lending decision. If approved money can be sent to your bank account within an hour.

Written by: Kelly R
Last modified: