Loans Like Wonga

Wonga was not providing quick payday loans online from August 2018. This year saw the administration of Wonga collapse, and as a result, the company stopped offering loans. Let’s go through a few other sites where you can obtain loans similar to Wonga so if youre looking for loans like Wonga youve come to the right place.

Here we will talk about Moneyboat Loans and Dot Dot loans as the best alternative choices for Wonga. But first, we will focus on what Wonga loans are and why they have shut down their business. Let’s start with the details here.

Loans Like Wonga Reviews

This Loans like Wonga guide tells you about two of the major reliable alternative platforms that provide loans like Wonga. It tells you everything about them and also covers the details of eligibility criteria and application procedures of these two alternatives that make them the best choice for those looking for alternative options of loans like Wonga.

What Are Wonga Loans?

Wonga was previously the United Kingdom’s biggest and most reliable short-term loans provider. It was working not only in the UK but also in Poland, Spain, and South Africa. They were convenient and quick in their service and were known to be one of the reliable platforms to offer loan cash.

But then there were some complications in the administration of the Wonga Loans that ended up worsening the Wonga Loans platform. Due to this, the company collapsed and now is no longer working anymore. Since then, until now, the company is not been offering new loans.

Following are the 2 best alternatives for providing you with loans like Wonga. These are,

• MoneyBoats
• Dot Dot Loans

· Dot Dot Loans

Here is one of the greatest and most dependable Wonga loan substitutes, if you’re looking for options for obtaining a loan similar to Wonga: The Dot Dot Loans. These are Easy online loans that Dot Dot Loans provide.

These loans are convenient to get with repayment time according to what suits you the most. The Dot Dot Loans are short-term loans like Wonga that also gives you a choice to pay back the payment in installments if you want so. In order to be eligible for getting the Dot Dot Loan, make sure you are fulfilling the following requirements.

Eligibility Criteria

• Ensure you are over 18 years of age.
• You should be a UK resident and should be an employee in any firm.
• Before initiating the application procedure, you also have to make sure that you have a verified email address and mobile number with you.
• Make sure the contact numbers and address you provide in your application are right and personal.

Example of Interest On Dot Dot Loans

From this Dot Dot Loan service, you can get £250 for over 3 months with monthly charges of £133.65 total. The interest rate at Dot Dot Loans is fixed and is 284.76%.

Moneyboat Loans

Moneyboat is another alternative to Wonga loans that provides direct, straightforward, easy, and quick payday loans online for the short term. It is one of the safest options for you, which ensures it does not share your details with other companies or people. Moreover, since it is an online service, you don’t have to worry about consuming time in the paperwork and doing hectic form fillings.

Within no more than 15 minutes, you can get the loan if you have applied for the loan and you are approved. Let us now look at the details of the Moneyboat Loan service so you know what the service will provide you and whether you should choose it as an alternative for Wonga or not. Let’s start with the guide below.

Eligibility Criteria for Getting Moneyboat Loans

If you want to apply for a loan from Moneyboat Loan Service, you can learn about the eligibility requirements in this list:

• In order to get the loan from the Moneyboat Loan service, you have to make sure that your minimum age is 18 years and not less than that.
• You should be an employed person and should earn a minimum of £1000 per month.
• Make sure you are either doing a full-time job or a part-time job.
• You should have your own personal UK bank account and debit card with you. This is important because you will receive the money in your bank account.

Keep in mind that the services are not for students.

How Can You Apply for a Moneyboat Loan?

The application process for a Moneyboat Loan is easy and straightforward. All you need to do is complete the application form by providing the requested information. Make sure you enter the accurate data. Your monthly expenses, occupation, bank account information, and payday will all be questioned.

In order to determine whether you qualify for the loan or not, the company will then independently perform an eligibility check. You will get all of the loan documents via email in soft copy if your application is accepted. After you’ve signed them, wait no longer than fifteen minutes for the loan funds to appear in your bank account.

Final Thoughts

Wonga was previously one of the most reliable money lending platforms that offered Payday loans for bad credit. But since August 2018, when the administration collapsed, it has now stopped providing loans to customers. So if you are looking for the right option to provide you with loans like Wonga, the above are the two most reliable choices that you can make.

You can opt for Dot Dot loans service and can also opt for Moneyboat service for getting a loan. Both of these are described above so you know everything about both of these services and select the most suitable according to your need. Make sure to understand each and everything with all of your attention so you do not skip anything important if you really want to get a loan.

FAQs:

1. Are you qualified for Dot Dot loans?

Only residents of the UK who are over the age of 18 are qualified for Dot Dot loans. Additionally, you must confirm that you are employed by a company or firm. Ascertain that you have your home address, phone number, email address, personal bank account information, and debit card information on hand.

2. Where else Wonga loans provided Short-term loans besides the UK?

Wonga’s Short term loanswere offered in Poland, South Africa, Canada, and Spain. A short-term loan is available for up to 68 days in Spain, 45 days in Canada, 60 days in Poland, and 36 days in South Africa.

3. Is a moneyboat safe to use?

Yes, one of the safest ways to borrow money is through a moneyboat. The Financial Conduct Authority FCA has authorized and regulated it. Its safety and security are assured because it is FCA-regulated.