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Avail hassle-free loan online
Written by Subhankar
Are you in a dire need of a loan? Remember, acquiring a loan is a painful process where the bankers make you go from pillar to post to convince them that you won’t flee without repaying your loan. I remember the time when I was house hunting. I just fell in love with this beautiful house. But it was a little above my budget and I had to pay the money the next day itself. My heart sank. I am sure you have found yourself in similar situations. Well, with your mini-notebook and Internet, you don’t even have to come out of that coffee shop to arrange the amount! Have you heard of Wonga?
Wonga
Wonga is an online lender and has positioned its fast processed loan products as a revolution in the credit business world. It claims to provide loan seekers with instant money whenever and wherever they need. As I said, if you’re in a need of small, short term loans immediately, you can get that within an hour through Wonga. It’s open 24/7.
The difference
It’s not that I haven’t come across other online lenders though I won’t name them here. But I strongly feel that Wonga stands out in this sphere. The driving factor behind its popularity is its decision engine that allows it to offer the shortest possible time taken for approving any loan application. In minutes, it credits the amount to the loan-seeker’s bank account.
No paperwork or irrelevant questioning from bank managers as its entire process is web-based and real-time, claims Wonga. It allows the loan applicant to choose the exact loan-able cash. Unlike most of the other lenders, the applicants don’t fall into the trap of borrowing a fixed sum or an excess amount or paying extra unnecessarily, says Wonga. That makes sense!
Get started
The primary thing to do is to choose the amount you want to borrow and the loan period. You’ll see two slides, which you can move to pick the exact amount and the duration. Once you pick those, it will show how much you would need to repay back. It charges 1% interest, but claims to have no hidden charges at all. Once you’re done with this, click Apply’.
Next, you’ll get a detailed summary of your loan including APR, repayment time, and borrowed amount. Anytime in between, if you think you need to change the clauses, just click ‘Go Back’ and reset the slides. Otherwise, click ‘Apply Now’.
Next, enter your personal and employment information.
Once you’re done with this, Wonga sends you a confirmation email that contains further information on terms, conditions and clauses. The text message also contains a four-digit PIN (personal identification number) needed in the further application steps.
Next, follow the instructions in the email and go back to Wongo.com to complete the application. Once you’re back to Wonga.com, you’ll need to fill in your bank and debit card details to get the amount credited.
When you’re done, you’ll get a confirmation message. In any case, if your application gets rejected, which doesn’t happen normally, you’ll get to know the status instantly. So, get over your short term cash flow problems.
Did I tell you that it’s available only for UK customers?
Check it out here!
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