Representative APR 1724 % (Variable)
Amount of Credit £150 for 10 days
Total amount payable £164.70
Interest rate 352% pa (fixed)
Representative APR 1724%
We always put our customers first !
We have a zero tollerance policy when it comes to junk mail, we simply will not send any mail unless you ask us to.
Complete data protection
We comply 100% with the Data Protection Act. We will never sell your data, all information held with moola is encrypted and confidential for your security.
No sneaky charges or early repayment penalties
At moola what you see in your payday loan illustration is what you get, no sneaky charges or early repayment penalties, guaranteed!
Contact with your consent
Moola will only contact you to facilitate your payday loan request, you will never get any annoying emails or offers from us. We will only contact you, if you specifically ask us to.
Secure application process
Our service is fully secure, our website uses the lastest encrytion technology, we promise to keep your data safe at all times.
We have a completely transparent APR% and we promise to give our customers the best service and value for money.
Zero cold calling
We have a zero tollerance on cold calling we just dont do it, we will only contact you if you ask us to or if we need to verify your identity for your loan application.
Fast Payday Loan Application
We value your time, which is why we have made our application process as fast and convenient as possible.
Why Moola Short Term Loans ?
Quite simply we are the best! Our Payday Loans are short term cash advances/payday advances, which are used to cover emergency expenses or immediate cash, money needs.
Payday Loans are for amounts of £1 - £1000 and can be for a period of 30 days or less. Payday loans can be used for any purpose however, Payday
Loans should only be used for short term financial needs and are not suitable as a long term financial solution. Payday Loans are short term loans and are
typically borrowed until your next pay date, they will become due on your pay date and repayments will automatically be debited from your bank account on that date.
Payday Loans wonga allow you to, fix the car, take a holiday, get those concert tickets and can be a simple alternative to typical high street lending.
We are a responsible lender and will credit check your personal details to determine if a payday loan is suitable for you. We will only lend based on stringent responsible lending critera. Wonga Loans are a faxless alternative to other lenders and all application are online and in real-time. The application process will take less than 6 minutes to complete and your money can be in your account within 15 minutes of loan approval.
Where we cannot lend directly to applicants, we will match them with a suitable lender free of charge.
As a responsible lender we only want you to borrow money if its right for you and you can afford to repay the loan on the repayment date, do not apply for a loan with Moola if that is not your intention or if you think you may have difficulty in repaying your loan. Moola is not a lender and does not charge for our introduction service, we will only introduce you to a panel of lenders who will make a decision on your application and any loan agreement that you enter into will be with the lender that you choose to accept.
Our loan calculator details the cost of your loan before you apply, so theres no nasty shocks when it comes to repayment, what you see in the loan calculator is exactly what you have to repay by the repayment date.Our Representative APR is 1724% (Variable) and is based on a year loan with compounded interest, which is not a true representation of your loan. What you actually pay is more like 1% a day, so if your loan is for 30 days the interest will be more like 30%.
Loans can be renewed a maximum of three times, there is no cost to renew your loan , however, you must pay the current outstanding interest in the loan in order to renew. Interest will continue to be calculated daily ay 0.98% until the loan is repaid.
The Low Down on Failed Repayments
All loan companies expect loans to be repayed by the repayment date and if that promise is kept then there will be no other charges. The only time you will incur a charge is if repayments are not made on the date specified in your loan agreement, if funds cannot be recovered by 5pm on the repayment date a £20 missed payment fee will be applied. Interest will continue to accrue until your loan is repayed. . If after 60 days the loan is still outstanding and no agreement has been made, your debt could be passed your account to an external partner.
Please be aware that failure to repay loans, could affect your credit rating with external credit reference agencies (CRAs) and could lead to credit blacklisting. Non repayment will ultimately result in debt collection agencies recovering the debt, so we do not recommend using our service if you do not intend to repay or think that you may have trouble in repaying your loan, so please think very carefully before you apply.