WageMe is rated 4.6/5 based on 449 reviews from Trustpilot in the last 12 months.

WageMe is rated 4.6/5 based on 449 reviews from Trustpilot in the last 12 months.

Looking for short-term loans to meet emergency expenses? Stop right here and check out the short term loan options from Wageme.com. Our simple online application process is intuitive and user-friendly, making it quite easy to get loans quickly (subject to the faster payments method being available at your bank) without any unnecessary paperwork.

The website allows potential borrowers to plan by providing all necessary details related to the loan, including the full repayment costs, optional funds and transfer costs, depending on the loan amount requested. Personal and banking details are then captured to finalise the loan application, which is cleared almost instantly if a credit-check is passed, and the loan amount in most cases can be credited to the bank account specified by the applicant on the same day. Representative: 1,212.3% APR.

Applying for our short-term loan is a fast and effortless process. Just go to the ‘Apply’ section on our website, use the slider control to indicate the loan amount required and specify the date on which the next payment day is expected (to denote the repayment date) along with contact details in order to go ahead with the application process.

Loan Options

Short-term loans are available for a few days or a few weeks, subject to a maximum term of 35 days. Loan amounts are capped at £350 for a first-time borrower, with larger loans being available to regular users of the service who have demonstrated creditworthiness by prompt repayments in the past.

Express clearance of the loan amount to the borrower’s bank account on the same day of the application, using the faster payments method, is free of charge.

Depending on the loan amount requested and the term opted for, we provide calculations to indicate the interest rates, conditional charges, penalties, total repayable costs as well as other terms and conditions for the loan. Borrowers should make an informed decision depending on the urgency of their financial needs.

Repayments and Penalties

As part of the application process, borrowers must specify a repayment date for us to automatically reclaim the loan amount from the specified bank account via a one-time withdrawal using the debit card information provided to us.

You will repay the total amount repayable under your agreement on the due date unless you default or arrange a later repayment date, in which case charges will be higher.

We usually initiate repayment transactions during the early hours of the repayment date and in case the transaction is not successful, our team gets in touch with the borrowers to communicate the problem and tries to resolve the issue. However, repayment transactions that fail to clear on the specified date incur a penalty of £15 towards missed collection.

Automated collection as well as reconciliation with the borrower is continued for up to 90 days at the end of which, debt collection responsibility is transferred to an external collection firm and later escalated to appropriate credit reference agencies Additional interest is also charged for a maximum of 60-days after you first go into arrears.

Failure to honour repayments may adversely affect your credit record making it more difficult and expensive to borrow in the future.

Why choose us?

No hidden costs are associated with the process. Interest rates are high as per current trends in the case of short-term loans; our representative annual percentage rate (APR) is Representative: 1,212.3% APR.. The shorter the term, the higher the APR will be. Detailed financial workings provide a clear picture of the transaction to the applicant.

We encourage timely if not early repayments, as early payment of a debt serves to cut the interest burden across the full-term of the loan. If you extend your loan into multiple installments or delay repayments, the cost of your loan will be higher.

Our process is totally transparent with no costs or information that is hidden from the borrower. Though our intentions are earnest and in the best interests of the borrowers, it is their responsibility to carefully evaluate all loan related details provided and decide whether the term, interest rates and repayment amounts meet their requirements.

Borrowers will have to ensure that there is sufficient balance in their specified bank accounts to honour repayments, as the process is automated from our side, and failure of the transaction due to a lack of funds not only attracts an additional penalty but may also affect the credit rating of the individual